Datasets:

syedzaidi-kiwi

/

US_Wasde_Data

like 0

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 532 Approved by the World Agricultural Outlook Board August 12, 2014 WHEAT: Projected U.S. wheat supplies for 2014/15 ar e raised this month mostly with an increase in forecast Hard Red Winter (HRW) wheat produc tion as well as smaller increases for Soft Red Winter (SRW), Hard Red Spring (HRS), and Durum. Northern parts of the HRW belt have substantially higher yields than the drought dam aged southern and central pl ains. The largest HRW increases are in Colorado and Nebraska. Afte r a delay in planting, HRS wheat has had very good growing conditions and yields are forecast well above average. Feed and residual use for all wheat in 2014/15 is raised 10 million bushels to 155 m illion due to the larger supplies. All wheat exports for 2014/15 are increased 25 million bushel s because of the larger HRW crop. The projected season-average farm pr ice range is lowered 30 cents at the midpoint to $5.80 to $6.80 per bushel. World wheat production for 2014/15 is raised 10.9 m illion tons to a record 716.1 million. The largest foreign increases are 6.0 million tons for Russia, 2.0 million tons for China, and 1.0 million tons for Ukraine. The Russia and Ukraine increas es are based on harvest reports that indicate very high winter wheat yields, especially for Ru ssia. The China increase reflects the latest government estimates for summer harvested grains. Production is also raised 0.6 million tons for Belarus and 0.4 million tons for Moldova. Global wheat consumption is raised 6.9 million t ons due mainly to increased prospects for wheat feeding. The biggest feeding increase is for EU, which is raised 2.5 million tons. Excessive harvest-time precipitation in several European production regions has in creased the quantity of feed-quality wheat. Russia wheat feeding is rais ed 1.0 million tons, and Ukraine and Belarus are each raised 0.5 million tons due to increased pr oduction in those countries. Smaller feeding increases are made for Philippi nes, Moldova, and Israel. Global wheat trade for 2014/15 is nearly unchanged with increases in Russia and the United States offset by reductions in EU and several other count ries. The changes reflect larger crops in Russia and the United States as well as quality problems in EU. India exports are lowered 0.5 million tons because of competition, especially from lower quality wheat in Ukraine and southeastern EU. China and Russia imports are lowered 1.0 million tons and 0.5 million tons , respectively, because of increased production. Egypt imports are lowe red 0.5 million tons due to changes in its bread subsidy program that are expect ed to reduce waste. Iran impor ts are raised 0.5 million tons reflecting government announced purc hases. With supplies rising faster than use, global ending stocks are raised 3.4 million tons and remain at a 3-year high. COARSE GRAINS: Projected 2014/15 U.S. feed grain supp lies are raised this month with higher production forecasts for corn, sorghum, barley, and oats. Corn production for 2014/15 is forecast 172 million bushels higher at a record 14,032 million bushels. The first survey-based corn yield forecast, at a record 167.4 bushels per acre, is up 2.1 bushels from last month’s trend-based projection. Sorghum production is forecast 19 m illion bushels higher with the forecast yield 3.0 bushels per acre higher than last month’s projecti on. Small yield increases also boost barley and oats production slightly. WASDE-532-2 Corn supplies for 2014/15 are projected at a re cord 15,243 million bushels with the increase in production partly offset by a 65- million-bushel reduction in beginning stocks. Corn use for ethanol and exports are raised 45 million bushels and 20 m illion bushels, respectively, for 2013/14, based on reported data to date. Projected corn use fo r 2014/15 is higher with use for ethanol and exports each raised 25 million bushels, and feed and residual disappearance 50 million bushels higher with the larger crop. Projected ending stocks for 2014/ 15 are raised slightly to 1,808 million bushels. The projected season-aver age farm price for corn is lowered 10 cents at both ends of the range to $3.55 to $4.25 per bushel. Sorghum supplies for 2014/15 are projected 4 million bushels higher as a 15-million-bushel increase in 2013/14 exports lowers 2014/15 beginning st ocks, mostly offsetting the higher forecast production. Projected sorghum exports for 2014/15 are raised 10 million bushels. The season- average farm price for sorghum is also project ed 10 cents lower at both ends of the range to $3.30 to $4.00 per bushel. Global coarse grain supplies for 2014/15 are projec ted 4.9 million tons higher, mostly reflecting larger expected corn crops in the United St ates and EU and increased barley production for FSU- 12. The smaller projected carryin for the United States partly offsets this month’s 6.6-million-ton increase in global coarse grain output. EU corn production is raised 1.4 million tons after abundant rainfall and favorable temperatures during July. FSU-12 barley production is raised 3.1 million tons with a 2.0-million-ton increase for Russia and smalle r increases for Belarus and Ukraine. Barley production is also raised 0.3 million tons for EU . Reduced prospects for corn, sorghum, and millet, with the delayed monsoon, lower India total c oarse grain production 2.7 million tons, partly offsetting increases elsewhere. Turkey corn production is also lowered 0.3 million tons. Global coarse grain consumption for 2014/15 is rais ed this month with a 2.3-million-ton increase in world corn use. Higher corn use in the United States accounts for most of the increase. Corn consumption is lowered 2.0 million tons for EU as heavy summer rains have reduced wheat quality across the region, raising prospects for wheat f eeding. Corn food use is reduced 0.5 million tons for India with the smaller crop outlook. Higher pr ojected corn use for Egypt, Saudi Arabia, South Africa, Algeria, and Taiwan partly offset these reduc tions. Corn imports are lowered for EU, but raised for Turkey, Saudi Arabia, Taiwan, Lebanon, and Algeria. Global barley trade is raised with higher imports for Turkey and higher exports for Russia and Ukraine. Global 2014/15 coarse grain ending stocks are projected 2.7 million tons higher reflecting larger barley ending stocks. Global corn ending stocks are lowered slightly. RICE: U.S. 2014/15 total rice supplies are project ed at 282.6 million cwt, up 2.8 million from last month on higher production. USDA's first survey- based forecast of the U.S. 2014/15 rice crop is 228.8 million cwt, up nearly 21 percent from the previous year. Average all rice yield is forecast at 7,560 pounds per acre, up 91 pounds per acre from last month’s projection, but down nearly 2 percent from last year’s record. Area harve sted is unchanged at 3.03 million acres. Long-grain production is forecast at 169.3 million cwt and combined medium- and short-grain production at 59.5 million, up 0.3 million and 2.5 million from a m onth ago, respectively. The all rice import projection is 21.0 million cwt, dow n 9 percent from last year. U.S. 2014/15 total rice use is projected at 243. 0 million cwt, 3.0 million above last month, and 12 percent above the previous year. Total domesti c and residual use and exports are forecast at 134.0 million cwt and 109.0 million, up 1.0 million and 2.0 million, respectively. Long-grain and combined medium- and short-grain exports ar e projected at 75.0 million and 34.0 million, respectively. U.S. all rice ending stocks for 2014/15 are projected at 39.6 million cwt, down 0.2 million from last month, but 21 per cent above the previous year. WASDE-532-3 The 2014/15 U.S. long-grain rice season-average fa rm price is project ed at $12.00 to $13.00 per cwt, unchanged from last month. The 2014/15 co mbined medium- and short-grain price is projected at $17.50 to $18.50 per cwt, up 50 cents per cwt from a month ago. The 2014/15 all rice price is projected at $13.80 to $14.80 per cwt, up 30 cents per cwt on each end of the range from last month. The projected decrease in global 2014/15 total supply is greater than the drop in total use resulting in a decrease in world ending stocks. Global produc tion is lowered 2.1 million tons to 477.3 million, still a record, due primarily to forecast reducti ons for Bangladesh, Brazil, Indonesia, and India, offset partially by an increase in the United Stat es. India’s 2014/15 rice crop is lowered 1.0 million tons to 103.0 million, attributed mostly to a slower rate of planting of the kharif rice crop due to the late start of the monsoon and below normal precip itation in some rice growing areas. Global beginning stocks for 2014/15 are lowered 1.4 million t ons due mostly to a 1.3-million-ton reduction for Indonesia—where the 2013/14 crop is lowered to 36.0 million tons. World 2014/15 consumption is reduced 0.3 million tons to 482.1 million, still a record. Global trade is lowered 0.3 million tons due mostly to a reduction in exports from India, parti ally offset by an increase in the United States. Global 2014/15 ending stocks are projected at 105.4 m illion tons, down 3.2 million from last month, and a decline of 4.7 million from the previous year . The largest stocks reductions from a month ago are in Bangladesh, Brazil, Indonesia, and India. OILSEEDS: U.S. oilseed production for 2014/15 is proj ected at 113.7 million tons, up 0.6 million from last month mainly due to a higher so ybean production forecast. Soybean production for 2014/15 is forecast at 3,816 million bushels, up 16 m illion due to a higher yield. Harvested area is forecast at 84.1 million acres, unchanged from July. The first survey-based soybean yield forecast is a record 45.4 bushels per acre, 0.2 bushels abov e last month and 2.1 bushels above last year. Soybean supplies for 2014/15 are projected sli ghtly above last month based on the higher production forecast. With minimal supply gains, soybean exports and crush are unchanged, leaving ending stocks projected at 430 million bushels. The U.S. season-average soybean price for 2014/15 is forecast at $9.35 to $11.35 per bushel, down 15 cents on both ends. Soybean meal and oil prices are forecast at $340 to $380, down 10 dollars at the midpoint. Soybean oil prices are fo recast at 35 to 39 cents per pound, down 1 cent at the midpoint. U.S. soybean balance sheet changes for 2013/14 in clude reduced imports and increased exports. Imports are lowered 5 million bushels to 80 m illion based in part on revised import data for September – December 2013 from the U.S. Depar tment of Commerce. Exports are raised 20 million bushels to 1,640 million reflecting both revised export data for September through December 2013 from the Department of Commerc e and inspections data for July 2014. These changes are offset with lower residual use, leaving ending stocks unchanged at 140 million bushels. With these changes, the 2013/14 soybean sto cks-to-use ratio is projected at 4.2 percent, which if realized would be the lowest in more than 40 years. Global oilseed production for 2014/15 is projected at 521.8 million tons, s lightly below last month. Gains for rapeseed and cottonseed are more t han offset by reductions for soybeans, sunflowerseed, and peanuts. Higher soybean producti on for the United States is offset by a reduction for India where the delayed monsoon resu lts in lower planted area. Rapeseed production is raised for China, EU, and Ukraine. These gains are partly offset by a smaller crop projected for Canada with lower area resulting from flooding in parts of Saskatchewan and Manitoba. Other changes include lower sunflowerseed production fo r Russia, reduced peanut production for China, and increased cottonseed production for India. WASDE-532-4 SUGAR: The Mexico 2013/14 estimate for sugar produc tion is reduced by 5,000 metric tons (MT) to 6.020 million, based on end-of-harvest reporting fr om Mexican authorities. The 2013/14 estimate of exports is increased by 50, 000 MT based on pace-to-date of ex ports to the United States. Deliveries for consumption are reduced by 106, 000 MT, based on a slowdown in the pace through June. With 2014/15 beginning stocks 51,000 MT higher than last month, imports in 2014/15 are reduced by that same amount to meet consumpt ion needs until the full start of the 2014/15 harvest in mid-December. There are no changes to 2014/15 production, deliveries, total exports, or ending stocks. Exports to the United States ar e reduced by 575,000 MT based on signed contracts confirmed by the USDA committing Mexico to ship to non-U.S. destinations in that amount in 2014/15. The U.S. 2013/14 cane sugar producti on is lowered by 25,000 short tons, raw value (STRV) based on a slow harvest pace in Hawaii. Tariff-rate quota (TRQ) shortfall for 2013/14 is increased by 87,547 STRV and 2013/14 imports from Mexico are increased by 58,423 for a net import reduction of 29,000. For 2014/15, beginning stocks are reduced 54,000 STRV, cane sugar production is increased by 116,000 based on proce ssors’ reporting, and imports fr om Mexico are reduced by 672,000 to 1.205 million. With no other changes , ending stocks are projected at 837,000 STRV. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2014 is raised from last month. Production is raised for beef, pork, and broilers as lo wer feed prices encourage producers to raise animals to heavier weights. Turkey production is reduced slightly based on June production data. Egg production is reduced based on lower expected hatching egg production. For 2015, lower feed costs are expected to lead to higher cattle, hog, and broiler weights, but in the case of beef, reduced feedlot numbers are expected to lead to lower slaughter, more than offsetting any gains from ca rcass weights. Broiler producers are also expected to increase bird numbers more rapidly than previously forecast during 2015 as returns are expected to be more favorable. Egg production forecasts are unchanged. Forecasts for 2014 and 2015 beef imports are raised as demand for processing grade beef remains strong. Exports for 2014 and 2015 are raised as demand in a number of countries remains strong, despite high beef prices. Po rk imports for 2014 and 2015 are raised slightly. Despite the closure of Russia to U.S. exports into 2015, pork export forecasts for 2014 and 2015 are raised as demand in other major markets is expected to grow. Broiler exports are reduced for 2014 and 2015 as Russia’s import ban will affect sales. Turkey export forecasts are raised for 2014, but are unchanged for 2015. Cattle price forecasts for 2014 and 2015 are raised from last month on the strength of demand and continued tight supplies of fed cattle. T he annual price forecast for hogs is unchanged for 2014, but is lowered for 2015 from last month on slightly weaker expected demand. The annual broiler price forecast for 2014 is lowered, but the price for 2015 is unchanged. The turkey price forecast for 2014 is raised based on July price data. The egg price forecasts for both 2014 and 2015 are raised as demand remains strong. The milk production forecasts for 2014 and 2015 are raised slightly as lower feed costs are expected to support higher output per cow. Fat basis export forecasts for 2014 and 2015 are lowered as Russia’s ban on imports from a num ber of dairy exporting countries will likely increase competition in export markets. Fat bas is imports are raised as supplies in competing exporters are expected to be large. The skim-so lids export forecast is raised slightly for 2014, but is reduced in 2015 as competition increases . Skim-solids imports are unchanged from last month. WASDE-532-5 Butter prices and whey price forecasts are raised for 2014 with strength in butter prices expected to carry into 2015. Cheese prices and nonfat dry m ilk prices are forecast higher in 2014, but their price forecasts for 2015 are unchanged from last month. Class III and Class IV prices for 2014 are raised on stronger component product prices and the Class III price forecast for 2015 is raised reflecting strength in whey prices. The a ll milk price is raised to $23.55 to $23.75 per cwt for 2014, but remains unchanged at $19.75 to $20.75 per cwt for 2015. COTTON: The U.S. 2014/15 cotton forecasts include higher production, exports, and ending stocks compared with last month. Beginning stocks are reduced 100,000 bales due to preliminary stocks indications for July 31, 2014. Production is raised 6 percent to 17.5 million bales in the first survey-based estimate of U.S. crop production, mainly on lower expected abandonment. Domestic mill use is unchanged, but exports are raised 500,000 bales to 10.7 million on stronger foreign import demand and the larger available supply. Ending stocks are now forecast at 5.6 million bales, 39 percent of total use, the largest stocks- to-use ratio since 2007/08. The forecast range for the marketing-year average price received by producers of 58-72 cents per pound is lowered on both ends, with the midpoint now forecast at 65 cents. Revisions to the 2014/15 world cotton supply and demand balance sheet result in marginally lower global ending stocks compared with last month’ s forecast. Beginning stocks are reduced 600,000 bales due to adjustments in 2013/14 for several count ries. For 2014/15, production is raised for the United States, India, and Mexico, but lowered for Brazil and Australia. World consumption is raised about 1 percent from last month to 112.6 million bales, the highest level since 2010/11, as falling prices are anticipated to boost cott on’s share of textile fiber use. Ending stocks are now projected at 105.1 million bales, with stocks outside of China expected to grow by about 4 million bales from 2013/14. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, Seth Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JOSEPH W. GLAUBER SECRETARY OF AGRICULTURE DESIGNATE WASDE-532-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. T he Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Stephanie Riche, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, Jun 11, Jul 11, Aug 12, Sep 11, Oct 10, Nov 10, Dec 10 WASDE-532-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 August 2014 WASDE - 532 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.12 2739.56 299.46 2284.74 454.83 2013/14 (Est.) 2464.17 2919.00 364.17 2417.78 501.22 filler filler filler filler filler 2014/15 (Proj.) Jul 2445.77 2950.71 339.01 2433.20 517.51 2014/15 (Proj.) Aug 2461.25 2962.46 340.28 2442.00 520.46 filler filler filler filler filler Wheat 2012/13 658.16 855.30 137.31 679.66 175.64 2013/14 (Est.) 714.07 889.71 165.27 706.05 183.66 filler filler filler filler filler 2014/15 (Proj.) Jul 705.17 889.46 151.61 699.92 189.54 2014/15 (Proj.) Aug 716.09 899.75 151.80 706.79 192.96 filler filler filler filler filler Coarse Grains 5/ 2012/13 1137.26 1305.80 122.88 1136.54 169.26 2013/14 (Est.) 1274.30 1443.56 158.35 1236.13 207.43 filler filler filler filler filler 2014/15 (Proj.) Jul 1261.17 1470.30 145.84 1250.87 219.43 2014/15 (Proj.) Aug 1267.81 1475.23 147.24 1253.13 222.11 filler filler filler filler filler Rice, milled 2012/13 471.70 578.47 39.28 468.54 109.93 2013/14 (Est.) 475.80 585.73 40.55 475.60 110.13 filler filler filler filler filler 2014/15 (Proj.) Jul 479.43 590.95 41.56 482.40 108.55 2014/15 (Proj.) Aug 477.35 587.48 41.24 482.09 105.39 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.00 51.63 318.14 44.23 2013/14 (Est.) 433.51 486.26 89.34 347.01 49.91 filler filler filler filler filler 2014/15 (Proj.) Jul 429.30 489.51 75.92 345.22 68.37 2014/15 (Proj.) Aug 435.42 493.60 77.56 347.67 68.38 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.54 38.14 19.54 2013/14 (Est.) 57.96 82.09 32.01 34.03 16.05 filler filler filler filler filler 2014/15 (Proj.) Jul 54.21 74.61 24.49 32.14 17.97 2014/15 (Proj.) Aug 55.24 75.64 25.17 32.41 18.05 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.47 20.70 276.23 23.53 2013/14 (Est.) 369.43 396.17 54.32 309.05 32.80 filler filler filler filler filler 2014/15 (Proj.) Jul 367.86 405.95 48.01 308.83 49.12 2014/15 (Proj.) Aug 372.86 408.92 48.90 310.97 49.06 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.39 3.77 1.16 2013/14 (Est.) 6.12 8.00 3.01 3.93 1.06 filler filler filler filler filler 2014/15 (Proj.) Jul 7.23 8.95 3.42 4.26 1.27 2014/15 (Proj.) Aug 7.32 9.04 3.49 4.29 1.27 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2014 WASDE - 532 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.11 2,325.57 247.83 1,966.60 410.60 2013/14 (Est.) 2,030.66 2,432.74 274.83 2,070.77 451.31 filler filler filler filler filler 2014/15 (Proj.) Jul 2,016.48 2,461.20 263.09 2,087.97 449.15 2014/15 (Proj.) Aug 2,025.83 2,468.86 262.72 2,094.33 452.09 filler filler filler filler filler Wheat 2012/13 596.49 770.08 109.76 641.52 156.10 2013/14 (Est.) 656.11 807.62 133.26 672.02 167.61 filler filler filler filler filler 2014/15 (Proj.) Jul 650.97 814.85 127.12 667.78 171.57 2014/15 (Proj.) Aug 660.85 824.11 126.63 674.38 174.91 filler filler filler filler filler Coarse Grains 5/ 2012/13 851.25 985.33 102.18 860.31 145.73 2013/14 (Est.) 904.87 1,047.39 104.03 927.08 174.63 filler filler filler filler filler 2014/15 (Proj.) Jul 893.30 1,064.35 97.84 942.05 170.31 2014/15 (Proj.) Aug 894.95 1,066.31 98.34 942.16 173.05 filler filler filler filler filler Rice, milled 2012/13 465.37 570.16 35.89 464.77 108.77 2013/14 (Est.) 469.69 577.73 37.54 471.67 109.07 filler filler filler filler filler 2014/15 (Proj.) Jul 472.21 582.00 38.14 478.15 107.27 2014/15 (Proj.) Aug 470.03 578.44 37.76 477.80 104.13 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.95 196.42 46.69 106.77 90.03 2013/14 (Est.) 118.27 208.30 40.80 108.42 99.96 2014/15 (Proj.) Jul 116.42 216.98 35.58 111.34 105.68 2014/15 (Proj.) Aug 117.64 217.60 36.29 112.60 105.08 United States 2012/13 17.32 20.68 13.03 3.50 3.90 2013/14 (Est.) 12.91 16.82 10.53 3.60 2.60 2014/15 (Proj.) Jul 16.50 19.21 10.20 3.80 5.20 2014/15 (Proj.) Aug 17.50 20.11 10.70 3.80 5.60 Foreign 4/ 2012/13 105.64 175.74 33.66 103.27 86.13 2013/14 (Est.) 105.36 191.48 30.27 104.82 97.36 2014/15 (Proj.) Jul 99.92 197.77 25.38 107.54 100.48 2014/15 (Proj.) Aug 100.14 197.49 25.59 108.80 99.48 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2014 WASDE - 532 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.53 539.96 118.17 396.59 67.29 2013/14 (Est.) 503.90 571.19 133.28 416.19 80.93 2014/15 (Proj.) Jul 521.86 603.38 132.71 426.82 99.66 2014/15 (Proj.) Aug 521.80 602.73 132.29 426.84 99.53 Oilmeals 2012/13 268.42 280.50 78.02 264.28 10.73 2013/14 (Est.) 281.08 291.81 83.17 274.86 12.15 2014/15 (Proj.) Jul 289.46 301.77 86.97 284.73 11.39 2014/15 (Proj.) Aug 289.22 301.36 86.33 284.51 11.70 Vegetable Oils 2012/13 160.56 177.97 68.41 156.82 17.28 2013/14 (Est.) 169.85 187.13 68.52 164.86 18.53 2014/15 (Proj.) Jul 175.86 194.76 71.02 171.89 19.45 2014/15 (Proj.) Aug 175.84 194.37 70.94 172.06 19.10 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.48 36.87 50.24 5.76 2013/14 (Est.) 97.14 106.24 45.61 51.21 5.23 2014/15 (Proj.) Jul 113.05 119.54 46.64 52.37 12.87 2014/15 (Proj.) Aug 113.68 120.17 46.64 52.46 13.32 Oilmeals 2012/13 38.68 42.41 10.49 31.61 0.31 2013/14 (Est.) 39.67 43.71 10.83 32.55 0.34 2014/15 (Proj.) Jul 40.45 44.38 10.97 33.07 0.34 2014/15 (Proj.) Aug 40.49 44.42 10.95 33.14 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.02 1.16 2013/14 (Est.) 10.45 15.62 1.12 13.42 1.08 2014/15 (Proj.) Jul 10.54 16.04 1.32 13.52 1.20 2014/15 (Proj.) Aug 10.55 16.02 1.32 13.57 1.13 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2/ Endin g Stock s Oilseeds 2012/13 381.38 439.48 81.29 346.36 61.52 2013/14 (Est.) 406.77 464.95 87.68 364.99 75.70 2014/15 (Proj.) Jul 408.81 483.83 86.07 374.45 86.79 2014/15 (Proj.) Aug 408.13 482.57 85.65 374.38 86.21 Oilmeals 2012/13 229.74 238.09 67.53 232.67 10.41 2013/14 (Est.) 241.42 248.10 72.34 242.32 11.81 2014/15 (Proj.) Jul 249.01 257.39 76.00 251.66 11.05 2014/15 (Proj.) Aug 248.72 256.94 75.38 251.37 11.36 Vegetable Oils 2012/13 150.33 162.40 67.02 143.79 16.12 2013/14 (Est.) 159.41 171.51 67.40 151.44 17.45 2014/15 (Proj.) Jul 165.33 178.73 69.70 158.37 18.25 2014/15 (Proj.) Aug 165.29 178.36 69.62 158.49 17.97 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2014 WASDE - 532 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Million Acres Area Planted 55.7 56.2 56.5 56.5 Area Harvested 48.9 45.2 46.2 46.2 Bushels Yield per Harvested Acre 46.3 47.2 43.1 43.9 Million Bushels Beginning Stocks 743 718 590 590 Production 2,266 2,130 1,992 2,030 Imports 123 169 160 160 Supply, Total 3,131 3,016 2,741 2,779 Food 945 950 960 960 Seed 73 77 76 76 Feed and Residual 384 223 145 155 Domestic, Total 1,401 1,250 1,181 1,191 Exports 1,012 1,176 900 925 Use, Total 2,414 2,426 2,081 2,116 Ending Stocks 718 590 660 663 CCC Inventory 00 Free Stocks 718 590 Outstanding Loans 85 Avg. Farm Price ($/bu) 2/ 7.77 6.87 6.00 - 7.20 5.80 - 6.80 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,106 733 710 339 129 3,016 Domestic Use 424 318 313 118 77 1,250 Exports 446 246 283 171 31 1,176 Use, Total 871 564 596 289 107 2,426 Ending Stocks, Total 235 169 114 50 22 590 2014/15 (Proj.) Beginning Stocks 235 169 114 50 22 590 Production 729 529 466 245 61 2,030 Supply, Total 3/ 984 763 602 303 127 2,779 Domestic Use 443 293 266 106 83 1,191 Exports 355 260 140 150 20 925 Use, Total 798 553 406 256 103 2,116 Ending Stocks, Total Aug 186 210 196 47 24 663 Ending Stocks, Total Jul 185 191 198 53 33 660 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. August 2014 WASDE - 532 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Million Acres Area Planted 109.8 109.9 105.2 * 105.2 Area Harvested 96.6 98.2 94.0 * 94.0 Metric Tons Yield per Harvested Acre 2.96 3.76 3.91 3.96 Million Metric Tons Beginning Stocks 27.8 23.5 34.8 32.8 Production 285.8 369.2 367.7 372.6 Imports 6.4 3.0 3.0 3.0 Supply, Total 320.1 395.7 405.5 408.5 Feed and Residual 115.2 136.9 137.4 138.9 Food Seed & Industrial 160.7 171.7 171.0 171.6 Domestic, Total 275.8 308.6 308.4 310.5 Exports 20.7 54.3 48.0 48.9 Use, Total 296.5 362.9 356.4 359.4 Ending Stocks 23.5 32.8 49.1 49.0 CCC Inventory 0.0 0.0 Free Stocks 23.5 32.8 Outstanding Loans 0.8 1.3 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Million Acres Area Planted 97.2 95.4 91.6 * 91.6 Area Harvested 87.4 87.7 83.8 * 83.8 Bushels Yield per Harvested Acre 123.4 158.8 165.3 * 167.4 Million Bushels Beginning Stocks 989 821 1,246 1,181 Production 10,780 13,925 13,860 14,032 Imports 160 35 30 30 Supply, Total 11,929 14,781 15,136 15,243 Feed and Residual 4,325 5,175 5,200 5,250 Food, Seed & Industrial 2/ 6,053 6,505 6,435 6,460 Ethanol & by-products 3/ 4,648 5,120 5,050 5,075 Domestic, Total 10,378 11,680 11,635 11,710 Exports 730 1,920 1,700 1,725 Use, Total 11,108 13,600 13,335 13,435 Ending Stocks 821 1,181 1,801 1,808 CCC Inventory 00 Free Stocks 821 1,181 Outstanding Loans 32 50 Avg. Farm Price ($/bu) 4/ 6.89 4.40 - 4.50 3.65 - 4.35 3.55 - 4.25 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * For July, corn planted and harvested area as reported in the June 30, 2014, "Acreage." Projected corn yield based on a weather adjusted trend model and assumes normal July growing conditions. (See Westcott and Jewison, Weather Effects on E xpected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/ publications/fds-feed-outlook/fds-13g-01.aspx.) August 2014 WASDE - 532 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 7.5 * 7.5 Area Harvested (mil. acres) 5.0 6.5 6.4 * 6.4 Yield (bushels/acre) 49.8 59.6 64.1 * 67.1 Beginning Stocks 23 15 40 25 Production 247 389 410 429 Imports 1 0000 Supply, Total 279 404 450 455 Feed and Residual 93 95 105 110 Food, Seed & Industrial 95 79 120 120 Total Domestic 188 174 225 230 Exports 76 205 180 190 Use, Total 264 379 405 420 Ending Stocks 15 25 45 35 Avg. Farm Price ($/bu) 2/ 6.33 4.20 - 4.30 3.40 - 4.10 3.30 - 4.00 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 3.1 * 3.1 Area Harvested (mil. acres) 3.2 3.0 2.6 * 2.6 Yield (bushels/acre) 67.9 71.7 71.2 * 73.2 Beginning Stocks 60 80 82 82 Production 220 215 187 193 Imports 23 19 25 25 Supply, Total 304 314 294 300 Feed and Residual 59 63 50 55 Food, Seed & Industrial 155 155 154 154 Total Domestic 214 218 204 209 Exports 91 41 01 0 Use, Total 223 232 214 219 Ending Stocks 80 82 80 81 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.40 - 5.20 4.35 - 5.15 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 3.0 * 3.0 Area Harvested (mil. acres) 1.0 1.0 1.2 * 1.2 Yield (bushels/acre) 61.3 64.0 65.5 * 67.0 Beginning Stocks 55 36 25 25 Production 64 66 76 77 Imports 93 97 100 100 Supply, Total 212 199 200 202 Feed and Residual 98 98 90 90 Food, Seed & Industrial 76 75 77 77 Total Domestic 174 173 167 167 Exports 1222 Use, Total 176 175 169 169 Ending Stocks 36 25 31 33 Avg. Farm Price ($/bu) 2/ 3.89 3.75 2.65 - 3.25 2.65 - 3.25 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted aver age price received by farmers. * For July--Sorghum planted and harvested area as reported in the June 30, 2014, "Acreage." Sorghum yield ba sed on the average for 1990-2013 excluding years that are more than 1 standard deviation from the mean for the period. Barl ey and oats area planted, area harvested, yield, and production as reported in the July 12, 2014, "Crop Production." August 2014 WASDE - 532 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Million Acres Area Planted 2.70 2.49 3.05 * 3.05 Area Harvested 2.68 2.47 3.03 * 3.03 Filler Pounds Yield per Harvested Acre 7,449 7,694 7,469 * 7,560 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 32.8 32.8 Production 199.5 189.9 226.0 228.8 Imports 21.1 23.0 21.0 21.0 Supply, Total 261.7 249.3 279.8 282.6 Domestic & Residual 3/ 118.6 123.0 133.0 134.0 Exports, Total 4/ 106.6 93.5 107.0 109.0 Rough 34.1 29.5 34.0 34.0 Milled (rough equiv.) 72.5 64.0 73.0 75.0 Use, Total 225.3 216.5 240.0 243.0 Ending Stocks 36.4 32.8 39.8 39.6 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 15.90 13.50 - 14.50 13.80 - 14.80 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 19.3 19.3 Production 144.2 131.9 169.0 169.3 Supply, Total 7/ 187.2 173.3 206.8 207.1 Domestic & Residual 3/ 89.5 91.0 103.0 103.0 Exports 8/ 75.8 63.0 75.0 75.0 Use, Total 165.3 154.0 178.0 178.0 Ending Stocks 21.9 19.3 28.8 29.1 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.00 - 13.00 12.00 - 13.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 11.2 11.2 Production 55.4 58.0 57.0 59.5 Supply, Total 7/ 72.2 73.7 70.7 73.1 Domestic & Residual 3/ 29.1 32.0 30.0 31.0 Exports 8/ 30.8 30.5 32.0 34.0 Use, Total 60.0 62.5 62.0 65.0 Ending Stocks 12.2 11.2 8.7 8.1 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 17.80 17.00 - 18.00 17.50 - 18.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cw t): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residua l includes unreported use, processing losses, and estimating errors. Us e by type may not add to total rice use because of the difference in brokens between beginni ng and ending stocks. 4/ Incl udes rough rice and milled rice expo rts. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i. e., the total quantity of whole kernel and broken rice produced divided by the quantity o f rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/1 4 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price receive d by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed throug h price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.68 per cwt from 2008/09 through 2011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. * For July-- Planted and ha rvested area reported in June 30 "Acreage" report. Projected yield is based on li near trend analysis by rice class for the period 1990/91 to 2013/14. August 2014 WASDE - 532 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.5 84.8 * 84.8 Area Harvested 76.2 75.9 84.1 * 84.1 Filler Bushels Yield per Harvested Acre 39.8 43.3 45.2 * 45.4 Million Bushels Beginning Stocks 169 141 140 140 Production 3,034 3,289 3,800 3,816 Imports 41 80 15 15 Supply, Total 3,243 3,509 3,955 3,971 Crushings 1,689 1,725 1,755 1,755 Exports 1,317 1,640 1,675 1,675 Seed 89 99 92 92 Residual 8 -94 19 19 Use, Total 3,103 3,369 3,541 3,541 Ending Stocks 141 140 415 430 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.50 - 11.50 9.35 - 11.35 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,635 1,485 Production 4/ 19,820 20,215 20,270 20,270 Imports 196 165 160 160 Supply, Total 22,555 22,085 22,065 21,915 Domestic Disappearance 18,687 18,750 18,200 18,200 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,998 13,950 13,400 13,400 Exports 2,164 1,850 2,100 2,100 Use, Total 20,850 20,600 20,300 20,300 Ending stocks 1,705 1,485 1,765 1,615 Avg. Price (c/lb) 2/ 47.13 38.50 36.00 - 40.00 35.00 - 39.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. July Augus t Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 300 Production 4/ 39,875 41,010 41,685 41,685 Imports 245 265 165 165 Supply, Total 40,420 41,550 42,150 42,150 Domestic Disappearance 28,969 29,600 30,100 30,100 Exports 11,176 11,650 11,750 11,750 Use, Total 40,145 41,250 41,850 41,850 Ending Stocks 275 300 300 300 Avg. Price ($/s.t.) 2/ 468.11 470.00 350.00 - 390.00 340.00 - 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,735 million bushels. * Plant ed and harvested acres are from the June 30, 2014 "A creage" report. Projected yields are ba sed on a weather adjusted trend model and assumes normal summer weather. August 2014 WASDE - 532 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,808 1,754 Production 2/ 8,982 8,417 8,225 8,341 Beet Sugar 5,076 4,750 4,750 4,750 Cane Sugar 3,906 3,667 3,475 3,591 Florida 1,867 1,759 1,780 1,785 Hawaii 179 165 180 180 Louisiana 1,686 1,600 1,380 1,500 Texas 173 143 135 126 Imports 3,224 3,645 3,549 2,877 TRQ 3/ 957 1,371 1,262 1,262 Other Program 4/ 136 210 400 400 Other 5/ 2,131 2,064 1,887 1,215 Mexico 2,124 2,054 1,877 1,205 Total Supply 14,184 14,220 13,582 12,972 Exports 274 325 250 250 Deliveries 11,752 12,141 11,885 11,885 Food 6/ 11,487 11,700 11,750 11,750 Other 7/ 265 441 135 135 Miscellaneous 0000 Total Use 12,026 12,466 12,135 12,135 Ending Stocks 8/ 2,158 1,754 1,447 837 Stocks to Use Ratio 17.9 14.1 11.9 6.9 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor proj ections where appropriate. 3/ For 2014/15, includes only U.S. commitments under current trade agreements, minus shortfall. The Secretary will establish the actual level of the TRQ at a later date. For 2013/14, WTO TRQ shortfall (198). For 2014/15, WT O TRQ shortfall (200). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and oth er (0). For 2014/15, other high-tier (10) and other (0). 6/Co mbines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ F or 2012/13, includes 316,415 short tons, raw value, of st ocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Jul 1,460 6,025 226 4,690 2,358 663 2013/14 Est. Aug 1,460 6,020 226 4,584 2,408 714 2014/15 Proj. Jul 663 6,140 450 4,690 1,616 947 2014/15 Proj. Aug 714 6,140 399 4,690 1,616 947 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2012/13 = 1,105; Oct 2012-June 2013 = 822; Oct 2013-June 2014 =659 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (384 est), 2014/15 (384 proj). August 2014 WASDE - 532 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Jul Aug Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 11.37 ** 11.37 Harvested 9.37 7.54 9.70 ** 10.24 Filler Pounds Yield per Harvested Acre 887 821 816 ** 820 Million 480 Pound Bales Beginning Stocks 3.35 3.90 2.70 2.60 Production 17.32 12.91 16.50 17.50 Imports 0.01 0.02 0.01 0.01 Supply, Total 20.68 16.82 19.21 20.11 Domestic Use 3.50 3.60 3.80 3.80 Exports, Total 13.03 10.53 10.20 10.70 Use, Total 16.53 14.13 14.00 14.50 Unaccounted 2/ 0.25 0.09 0.01 0.01 Ending Stocks 3.90 2.60 5.20 5.60 Avg. Farm Price 3/ 72.5 77.5 60.0 - 76.0 58.0 - 72.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **For July, planted area as indicated in the June 30, 2014 Acreage. Abandonment rates and yield per harvested acre based on the averages of 2012 and 2013, weighted by region, with projected abandonment in the Southwest redu ced to a long-run average of 23 percent based on recent favorable precipitation. August 2014 WASDE - 532 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 197.14 658.16 144.22 136.89 679.66 137.31 175.64 United States 20.21 61.67 3.34 10.44 38.14 27.54 19.54 Total Foreign 176.93 596.49 140.87 126.44 641.52 109.76 156.10 Major Exporters 4/ 27.27 193.21 5.91 59.10 142.04 63.80 20.55 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.55 133.85 5.28 51.00 119.50 22.62 10.56 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.87 77.80 7.23 21.21 71.85 25.38 14.68 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.64 714.07 156.48 132.41 706.05 165.27 183.66 United States 19.54 57.96 4.59 6.08 34.03 32.01 16.05 Total Foreign 156.10 656.11 151.90 126.33 672.02 133.26 167.61 Major Exporters 4/ 20.55 218.15 4.50 57.70 140.20 75.80 27.19 Argentina 0.29 10.50 0.01 0.10 6.05 2.00 2.74 Australia 4.65 27.01 0.15 3.60 6.95 19.50 5.37 Canada 5.05 37.50 0.44 6.00 11.20 22.80 8.99 European Union 5/ 10.56 143.13 3.90 48.00 116.00 31.50 10.09 Major Importers 6/ 83.34 194.47 86.83 33.90 267.53 4.90 92.21 Brazil 1.00 5.30 7.00 0.60 11.40 0.10 1.80 China 53.96 121.93 6.77 23.00 123.50 0.89 58.27 Sel. Mideast 7/ 8.16 18.94 20.62 3.22 36.59 0.51 10.63 N. Africa 8/ 11.44 20.12 24.85 2.88 42.93 0.53 12.96 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 4.14 0.00 16.41 2.46 15.67 0.86 4.02 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 14.68 103.87 7.67 22.42 73.00 37.25 15.97 Russia 4.95 52.09 1.00 12.50 34.00 18.50 5.54 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.40 1.69 Ukraine 2.58 22.28 0.10 3.40 11.50 9.65 3.81 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2014 WASDE - 532 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 184.29 705.17 149.91 129.39 699.92 151.61 189.54 Aug 183.66 716.09 149.87 134.62 706.79 151.80 192.96 United States Jul 16.05 54.21 4.35 3.95 32.14 24.49 17.97 Aug 16.05 55.24 4.35 4.22 32.41 25.17 18.05 Total Foreign Jul 168.24 650.97 145.56 125.44 667.78 127.12 171.57 Aug 167.61 660.85 145.52 130.40 674.38 126.63 174.91 Major Exporters 4/ Jul 27.58 214.38 5.64 62.50 145.70 74.50 27.39 Aug 27.19 214.37 6.14 65.00 148.20 71.50 28.00 Argentina Jul 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Aug 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Australia Jul 5.37 26.00 0.15 3.40 6.80 19.00 5.72 Aug 5.37 26.00 0.15 3.40 6.80 19.00 5.72 Canada Jul 9.29 28.00 0.48 4.50 9.75 21.00 7.02 Aug 8.99 28.00 0.48 4.50 9.75 21.00 6.72 European Union 5/ Jul 10.18 147.88 5.00 54.50 123.00 28.00 12.05 Aug 10.09 147.87 5.50 57.00 125.50 25.00 12.96 Major Importers 6/ Jul 92.58 195.93 78.68 30.55 265.89 5.33 95.97 Aug 92.21 197.88 78.28 30.86 266.65 5.34 96.37 Brazil Jul 1.80 6.30 6.50 0.60 11.60 0.50 2.50 Aug 1.80 6.30 6.50 0.60 11.90 0.50 2.20 China Jul 58.39 124.00 3.00 21.00 122.00 1.00 62.39 Aug 58.27 126.00 2.00 21.00 122.00 1.00 63.27 Sel. Mideast 7/ Jul 10.73 17.63 19.48 2.87 35.98 0.53 11.32 Aug 10.63 17.63 20.38 2.98 36.29 0.53 11.81 N. Africa 8/ Jul 13.09 18.85 23.30 2.38 42.78 0.48 11.99 Aug 12.96 18.85 22.80 2.38 42.68 0.48 11.46 Pakistan Jul 2.22 24.50 0.50 0.70 24.40 0.70 2.12 Aug 2.17 24.50 0.50 0.70 24.40 0.70 2.07 Southeast Asia 9/ Jul 3.95 0.00 16.40 2.21 16.04 0.83 3.49 Aug 4.02 0.00 16.60 2.41 16.24 0.84 3.55 Selected Other India Jul 17.83 95.85 0.02 4.50 93.90 3.50 16.30 Aug 17.83 95.85 0.02 4.50 94.40 3.00 16.30 FSU-12 Jul 16.34 102.22 7.83 21.60 72.39 35.06 18.94 Aug 15.97 110.17 7.33 23.70 74.49 38.06 20.92 Russia Jul 5.74 53.00 1.20 12.00 33.50 19.50 6.94 Aug 5.54 59.00 0.70 13.00 34.50 22.50 8.24 Kazakhstan Jul 1.69 13.50 0.01 2.00 6.80 6.00 2.39 Aug 1.69 13.50 0.01 2.00 6.80 6.00 2.39 Ukraine Jul 3.96 21.00 0.10 3.50 11.50 9.00 4.56 Aug 3.81 22.00 0.10 4.00 12.00 9.00 4.91 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2014 WASDE - 532 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.54 1,137.26 128.76 669. 31 1,136.54 122.88 169.26 United States 27.82 286.01 6.64 115.34 276.23 20.70 23.53 Total Foreign 140.72 851.25 122.12 553.98 860.31 102.18 145.73 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.24 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.40 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.32 92.10 237.81 316.89 8.10 33.23 European Union 6/ 15.58 145.89 11.84 113.68 153.10 7.36 12.85 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.50 52.68 0.13 9.76 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.15 68.21 0.73 35.54 50.20 19.87 5.03 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Prod uction Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.26 1,274.30 151.13 737. 98 1,236.13 158.35 207.43 United States 23.53 369.43 3.21 137.11 309.05 54.32 32.80 Total Foreign 145.73 904.87 147.92 600.87 927.08 104.03 174.63 Major Exporters 4/ 24.22 171.01 1.77 81.50 111.66 52.40 32.95 Argentina 2.48 33.47 0.01 8.44 13.10 17.41 5.46 Australia 0.85 12.37 0.00 4.24 5.91 6.58 0.73 Brazil 14.56 81.11 1.21 48.58 58.38 20.52 17.98 Canada 3.08 28.74 0.45 14.74 22.14 4.88 5.25 Major Importers 5/ 33.23 246.47 109.66 257.22 339.33 10.83 39.20 European Union 6/ 12.85 158.16 15.81 123.08 164.50 8.78 13.55 Japan 0.98 0.18 18.20 13.59 18.40 0.00 0.96 Mexico 1.62 30.21 11.11 22.53 39.80 0.40 2.75 N. Afr & Mideast 7/ 9.76 30.39 28.06 48.39 55.90 0.31 12.00 Saudi Arabia 3.49 0.36 12.03 10.75 11.18 0.00 4.70 Southeast Asia 8/ 2.83 26.85 9.82 26.66 34.77 1.34 3.39 South Korea 1.31 0.21 10.09 7.85 10.12 0.00 1.49 Selected Other 0.00 China 68.39 225.07 11.20 159.95 225.78 0.13 78.75 FSU-12 5.03 87.63 0.88 40.33 56.19 30.45 6.90 Russia 1.38 35.74 0.38 18.90 28.62 6.79 2.09 Ukraine 2.33 39.92 0.08 12.32 16.23 22.79 3.31 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2014 WASDE - 532 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 209.13 1,261.17 144.79 751. 36 1,250.87 145.84 219.43 Aug 207.43 1,267.81 145.04 752. 78 1,253.13 147.24 222.11 United States Jul 34.83 367.86 3.26 137.61 308.83 48.01 49.12 Aug 32.80 372.86 3.26 139.12 310.97 48.90 49.06 Total Foreign Jul 174.30 893.30 141.53 613.75 942.05 97.84 170.31 Aug 174.63 894.95 141.78 613.67 942.16 98.34 173.05 Major Exporters 4/ Jul 32.35 159.84 1.88 81.88 112.36 51.97 29.75 Aug 32.95 159.86 1.88 82.18 112.86 51.97 29.86 Argentina Jul 5.06 35.17 0.01 8.87 13.73 20.31 6.20 Aug 5.46 35.17 0.01 8.87 13.83 20.31 6.50 Australia Jul 0.73 11.76 0.00 4.26 5.94 5.73 0.83 Aug 0.73 11.76 0.00 4.26 5.94 5.73 0.83 Brazil Jul 17.98 77.11 1.21 50.08 59.90 20.01 16.39 Aug 17.98 77.11 1.21 50.08 59.90 20.01 16.39 Canada Jul 5.30 21.77 0.56 13.27 20.77 3.70 3.15 Aug 5.25 21.77 0.56 13.27 20.77 3.70 3.11 Major Importers 5/ Jul 39.32 238.57 104.58 256.04 338.85 9.15 34.46 Aug 39.20 240.11 104.58 255.04 338.10 9.16 36.62 European Union 6/ Jul 13.74 154.05 13.31 118.55 160.37 8.11 12.61 Aug 13.55 155.89 11.31 116.05 157.87 8.11 14.77 Japan Jul 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Aug 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Mexico Jul 2.98 30.14 11.40 23.42 40.94 0.50 3.08 Aug 2.75 30.14 11.40 23.42 40.94 0.50 2.85 N. Afr & Mideast 7/ Jul 11.86 25.98 27.81 48.86 56.27 0.11 9.27 Aug 12.00 25.68 29.21 50.16 57.82 0.11 8.96 Saudi Arabia Jul 4.50 0.36 10.01 11.13 11.60 0.00 3.26 Aug 4.70 0.36 10.41 11.13 11.60 0.00 3.86 Southeast Asia 8/ Jul 3.44 27.51 9.22 27.77 35.97 0.44 3.76 Aug 3.39 27.51 9.22 27.77 35.97 0.44 3.71 South Korea Jul 1.49 0.21 9.59 7.85 10.12 0.00 1.17 Aug 1.49 0.21 9.59 7.85 10.12 0.00 1.17 Selected Other China Jul 78.75 228.58 10.00 167.35 235.50 0.13 81.71 Aug 78.75 228.75 10.00 167.35 235.50 0.13 81.88 FSU-12 Jul 6.95 86.63 0.88 44.38 60.48 26.35 7.63 Aug 6.90 89.29 0.88 45.05 61.15 26.85 9.06 Russia Jul 1.89 38.50 0.28 21.20 31.20 7.11 2.35 Aug 2.09 40.50 0.28 21.60 31.80 7.41 3.65 Ukraine Jul 3.32 36.10 0.06 13.66 17.29 18.36 3.83 Aug 3.31 36.51 0.06 13.80 17.48 18.56 3.83 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. August 2014 WASDE - 532 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.61 868.76 99.42 518.72 865.22 95.16 138.15 United States 25.12 273.83 4.06 109.85 263.61 18.55 20.86 Total Foreign 109.49 594.93 95.35 408.87 601.61 76.61 117.29 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.34 111.62 56.86 119.28 168.51 2.82 12.50 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.15 984.37 119.64 576.29 951.43 125.47 171.09 United States 20.86 353.72 0.89 131.45 296.69 48.77 30.01 Total Foreign 117.29 630.66 118.76 444.84 654.74 76.70 141.08 Major Exporters 4/ 18.53 116.75 0.84 56.90 74.80 37.00 24.31 Argentina 1.32 24.00 0.01 5.50 8.30 13.50 3.53 Brazil 14.15 78.00 0.80 46.00 55.00 20.50 17.45 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.50 119.17 73.90 133.70 185.83 3.94 15.80 Egypt 1.37 5.80 8.00 10.50 12.70 0.01 2.46 European Union 6/ 5.09 63.99 15.50 58.50 77.00 2.20 5.38 Japan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico 1.06 22.40 10.70 15.00 31.50 0.40 2.26 Southeast Asia 7/ 2.82 26.80 9.80 26.60 34.70 1.33 3.39 South Korea 1.26 0.08 10.00 7.80 9.90 0.00 1.44 Selected Other 0.00 Canada 1.55 14.20 0.40 6.80 12.20 1.55 2.40 China 67.57 218.49 3.50 154.00 212.00 0.10 77.46 FSU-12 2.00 46.90 0.39 18.77 21.54 24.45 3.31 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. August 2014 WASDE - 532 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 173.42 980.96 114.87 593.85 966.33 115.22 188.05 Aug 171.09 985.39 114.22 594.42 968.67 115.86 187.82 United States Jul 31.66 352.06 0.76 132.09 295.54 43.18 45.76 Aug 30.01 356.43 0.76 133.36 297.45 43.82 45.93 Total Foreign Jul 141.76 628.90 114.11 461.76 670.79 72.04 142.30 Aug 141.08 628.97 113.46 461.06 671.22 72.04 141.88 Major Exporters 4/ Jul 24.07 113.50 0.84 58.80 76.90 38.20 23.30 Aug 24.31 113.50 0.84 59.10 77.30 38.20 23.15 Argentina Jul 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Aug 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Brazil Jul 17.45 74.00 0.80 47.50 56.50 20.00 15.75 Aug 17.45 74.00 0.80 47.50 56.50 20.00 15.75 South Africa Jul 3.09 13.50 0.03 5.30 11.40 2.20 3.02 Aug 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Jul 16.33 121.57 69.30 134.80 187.58 2.95 16.68 Aug 15.80 122.97 67.50 133.40 186.38 2.95 16.95 filler filler filler filler filler filler filler Egypt Jul 2.16 5.75 6.50 10.20 12.20 0.01 2.20 Aug 2.46 5.75 6.50 10.60 12.80 0.01 1.90 European Union 6/ Jul 5.96 65.64 13.00 57.50 76.50 2.00 6.11 Aug 5.38 67.05 11.00 55.50 74.50 2.00 6.93 Japan Jul 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Aug 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Mexico Jul 2.46 22.50 10.90 16.00 32.75 0.50 2.61 Aug 2.26 22.50 10.90 16.00 32.75 0.50 2.41 Southeast Asia 7/ Jul 3.43 27.46 9.20 27.70 35.90 0.44 3.76 Aug 3.39 27.46 9.20 27.70 35.90 0.44 3.71 South Korea Jul 1.44 0.08 9.50 7.80 9.90 0.00 1.12 Aug 1.44 0.08 9.50 7.80 9.90 0.00 1.12 Selected Other Canada Jul 2.45 11.60 0.50 6.70 12.20 1.00 1.35 Aug 2.40 11.60 0.50 6.70 12.20 1.00 1.30 China Jul 77.46 222.00 3.00 162.00 222.00 0.10 80.36 Aug 77.46 222.00 3.00 162.00 222.00 0.10 80.36 FSU-12 Jul 3.38 44.16 0.42 21.14 24.01 19.94 4.01 Aug 3.31 44.16 0.42 21.09 23.96 19.94 3.99 Ukraine Jul 2.24 27.00 0.05 9.50 10.90 16.00 2.39 Aug 2.24 27.00 0.05 9.50 10.90 16.00 2.39 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2014 WASDE - 532 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.76 471.70 36.38 468.54 39.28 109.93 United States 1.30 6.34 0.67 3.77 3.39 1.16 Total Foreign 105.46 465.37 35.71 464.77 35.89 108.77 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.90 62.60 13.13 75.45 1.07 12.11 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.12 2.09 1.40 3.25 0.20 1.15 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 109.93 475.80 38.82 475.60 40.55 110.13 United States 1.16 6.12 0.73 3.93 3.01 1.06 Total Foreign 108.77 469.69 38.09 471.67 37.54 109.07 Major Exporters 4/ 39.61 161.35 0.63 131.51 29.40 40.69 India 25.44 106.29 0.00 96.50 10.00 25.23 Pakistan 0.50 6.60 0.03 2.63 3.90 0.60 Thailand 12.81 20.46 0.30 10.88 9.00 13.69 Vietnam 0.86 28.00 0.30 21.50 6.50 1.16 Major Importers 5/ 12.11 63.18 13.80 76.72 1.18 11.18 Brazil 0.53 8.30 0.70 7.90 0.95 0.68 European Union 6/ 1.15 1.94 1.35 3.20 0.20 1.04 Indonesia 6.48 36.00 1.40 38.50 0.00 5.38 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.81 1.45 12.85 0.00 1.90 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.35 1.72 1.56 3.27 0.01 0.33 China 46.83 142.53 3.90 146.30 0.26 46.70 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.73 0.86 0.00 0.18 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. August 2014 WASDE - 532 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jul 111.52 479.43 38.30 482.40 41.56 108.55 Aug 110.13 477.35 38.71 482.09 41.24 105.39 United States Jul 1.06 7.23 0.67 4.26 3.42 1.27 filler filler filler filler filler filler Aug 1.06 7.32 0.67 4.29 3.49 1.27 Total Foreign Jul 110.46 472.21 37.63 478.15 38.14 107.27 filler filler filler filler filler filler Aug 109.07 470.03 38.04 477.80 37.76 104.13 Major Exporters 4/ Jul 40.80 159.40 0.73 133.10 29.60 38.23 Aug 40.69 158.40 0.73 133.10 29.30 37.42 India Jul 25.23 104.00 0.00 98.00 9.00 22.23 Aug 25.23 103.00 0.00 98.00 8.70 21.53 filler filler filler filler filler filler Pakistan Jul 0.60 6.70 0.03 2.70 3.90 0.73 Aug 0.60 6.70 0.03 2.70 3.90 0.73 Thailand Jul 13.81 20.50 0.30 10.90 10.00 13.71 Aug 13.69 20.50 0.30 10.90 10.00 13.59 Vietnam Jul 1.16 28.20 0.40 21.50 6.70 1.56 Aug 1.16 28.20 0.40 21.50 6.70 1.56 Major Importers 5/ Jul 12.63 65.29 14.30 78.15 1.12 12.95 Aug 11.18 64.45 14.30 78.10 1.12 10.71 Brazil Jul 0.83 8.50 0.70 7.95 0.90 1.18 filler filler filler filler filler filler Aug 0.68 8.35 0.70 7.90 0.90 0.93 European Union 6/ Jul 1.04 1.96 1.40 3.20 0.19 1.01 Aug 1.04 1.97 1.40 3.20 0.19 1.02 Indonesia Jul 6.68 37.70 1.00 39.20 0.00 6.18 Aug 5.38 37.00 1.00 39.20 0.00 4.18 Nigeria Jul 0.66 2.55 3.50 6.10 0.00 0.61 Aug 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Jul 1.90 12.20 1.60 13.20 0.00 2.50 Aug 1.90 12.20 1.60 13.20 0.00 2.50 Sel. Mideast 7/ Jul 1.36 1.85 4.48 6.38 0.00 1.31 Aug 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Jul 0.71 12.15 0.00 11.00 1.30 0.56 Aug 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Jul 0.37 1.77 1.55 3.30 0.01 0.37 Aug 0.33 1.74 1.55 3.28 0.01 0.33 China Jul 46.28 144.00 3.70 148.00 0.35 45.63 Aug 46.70 144.00 3.70 148.00 0.35 46.05 Egypt Jul 0.53 4.90 0.06 4.10 0.88 0.52 Aug 0.53 4.90 0.06 4.10 0.88 0.52 Japan Jul 2.82 7.70 0.70 8.20 0.20 2.82 Aug 2.82 7.70 0.70 8.20 0.20 2.82 Mexico Jul 0.21 0.13 0.78 0.89 0.00 0.23 Aug 0.18 0.13 0.78 0.89 0.00 0.19 South Korea Jul 0.78 4.15 0.41 4.59 0.00 0.75 Aug 0.78 4.15 0.41 4.59 0.00 0.75 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2014 WASDE - 532 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.47 122.95 46.20 106.77 46.69 -0.88 90.03 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.12 105.64 46.19 103.27 33.66 -1.13 86.13 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.07 -1.32 25.72 Central Asia 5/ 3.09 7.27 3 / 2.33 5.29 0.00 2.75 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.50 -0.33 9.59 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.14 49.63 41.83 68.99 2.71 0.19 58.72 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.03 118.27 40.34 108.42 40.80 -0.54 99.96 United States 3.90 12.91 0.02 3.60 10.53 0.09 2.60 Total Foreign 86.13 105.36 40.32 104.82 30.27 -0.64 97.36 Major Exporters 4/ 25.72 56.17 1.40 32.36 25.63 -0.83 26.13 Central Asia 5/ 2.75 6.60 3 / 2.41 4.33 0.00 2.61 Afr. Fr. Zone 6/ 1.08 4.21 3 / 0.16 3.99 0.00 1.15 S. Hemis 7/ 9.59 13.83 0.25 5.30 7.79 -0.34 10.92 Australia 2.39 4.10 3 / 0.04 4.80 -0.20 1.85 Brazil 5.80 7.80 0.15 4.20 2.23 -0.15 7.47 India 11.97 30.50 0.75 23.50 9.10 -0.50 11.12 Major Importers 8/ 58.72 46.48 35.92 68.73 2.72 0.19 69.48 Mexico 0.65 0.92 1.00 1.85 0.18 0.03 0.52 China 50.36 32.00 13.60 34.50 0.05 0.00 61.41 European Union 9/ 0.56 1.60 0.92 0.94 1.53 0.05 0.55 Turkey 1.32 2.30 4.30 6.30 0.20 0.00 1.42 Pakistan 2.86 9.50 1.50 10.70 0.55 0.03 2.59 Indonesia 0.50 0.03 2.65 2.65 0.01 0.05 0.47 Thailand 0.27 3 / 1.58 1.53 0.01 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. August 2014 WASDE - 532 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Jul 100.56 116.42 35.54 111.34 35.58 -0.08 105.68 Aug 99.96 117.64 36.30 112.60 36.29 -0.07 105.08 United States Jul 2.70 16.50 0.01 3.80 10.20 0.01 5.20 Aug 2.60 17.50 0.01 3.80 10.70 0.01 5.60 Total Foreign Jul 97.86 99.92 35.53 107.54 25.38 -0.09 100.48 Aug 97.36 100.14 36.29 108.80 25.59 -0.09 99.48 filler filler filler filler filler filler filler Major Exporters 4/ Jul 26.26 52.31 1.61 32.75 20.99 -0.28 26.71 Aug 26.13 52.42 1.61 33.29 21.21 -0.28 25.94 Central Asia 5/ Jul 2.61 6.64 3 / 2.40 3.87 0.00 2.98 Aug 2.61 6.59 3 / 2.45 3.82 0.00 2.93 Afr. Fr. Zone 6/ Jul 1.15 4.13 3 / 0.15 3.69 0.00 1.44 Aug 1.15 4.22 3 / 0.15 3.71 0.00 1.50 S. Hemis 7/ Jul 11.20 12.72 0.16 5.10 7.61 -0.29 11.65 Aug 10.92 11.80 0.16 5.09 7.58 -0.29 10.49 Australia Jul 2.15 2.70 3 / 0.04 3.30 -0.15 1.67 Aug 1.85 2.50 3 / 0.04 3.00 -0.15 1.47 Brazil Jul 7.44 8.00 0.08 4.00 3.40 -0.15 8.27 Aug 7.47 7.30 0.08 4.00 3.70 -0.15 7.29 India Jul 10.97 28.00 1.10 24.25 5.50 0.00 10.32 Aug 11.12 29.00 1.10 24.75 5.80 0.00 10.67 filler filler filler filler filler filler filler Major Importers 8/ Jul 69.85 44.85 30.90 71.04 2.53 0.19 71.84 Aug 69.48 44.95 31.62 71.76 2.53 0.19 71.57 Mexico Jul 0.52 1.10 1.05 1.80 0.18 0.03 0.67 Aug 0.52 1.20 1.05 1.85 0.18 0.03 0.72 China Jul 61.31 29.50 8.00 36.50 0.05 0.00 62.26 Aug 61.41 29.50 8.00 36.50 0.05 0.00 62.36 European Union 9/ Jul 0.55 1.69 0.88 0.95 1.43 0.05 0.68 Aug 0.55 1.69 0.90 0.97 1.43 0.05 0.68 Turkey Jul 1.62 2.90 3.90 6.40 0.20 0.00 1.82 Aug 1.42 2.90 4.00 6.50 0.20 0.00 1.62 Pakistan Jul 2.59 9.50 2.20 11.00 0.45 0.03 2.81 Aug 2.59 9.50 2.20 11.00 0.45 0.03 2.81 Indonesia Jul 0.47 0.03 2.80 2.70 0.01 0.05 0.54 Aug 0.47 0.03 2.85 2.75 0.01 0.05 0.54 Thailand Jul 0.29 3 / 1.63 1.58 0.01 0.03 0.31 Aug 0.29 3 / 1.63 1.58 0.01 0.03 0.31 Bangladesh Jul 1.02 0.12 4.35 4.30 0.00 0.01 1.18 Aug 1.02 0.12 4.45 4.40 0.00 0.01 1.18 Vietnam Jul 0.76 0.02 2.90 2.90 0.00 0.00 0.77 Aug 0.51 0.02 3.30 3.25 0.00 0.00 0.57 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketi ng channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. August 2014 WASDE - 532 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.54 267.86 95.84 229.57 259.89 100.53 56.83 United States 4.61 82.56 1.10 45.97 48.60 35.85 3.83 Total Foreign 48.93 185.30 94.74 183.61 211.28 64.69 53.00 Major Exporters 3/ 29.80 143.15 0.42 71.90 76.89 58.69 37.80 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.00 15.33 84.16 86.14 102.88 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 56.83 283.95 108.85 240.80 269.80 112.73 67.09 United States 3.83 89.51 2.18 46.95 47.06 44.63 3.82 Total Foreign 53.00 194.44 106.67 193.85 222.75 68.10 63.27 Major Exporters 3/ 37.80 153.10 0.58 77.88 83.06 62.44 45.98 Argentina 22.40 54.00 0.00 37.23 39.28 8.50 28.63 Brazil 15.33 87.50 0.55 37.00 39.98 46.30 17.11 Paraguay 0.04 8.10 0.03 3.50 3.64 4.30 0.23 Major Importers 4/ 13.23 14.75 94.50 90.40 107.54 0.32 14.62 China 12.38 12.20 69.00 68.75 80.05 0.24 13.29 European Union 0.25 1.23 12.65 12.50 13.43 0.06 0.64 Japan 0.18 0.20 2.87 1.99 3.08 0.00 0.18 Mexico 0.10 0.25 3.85 4.00 4.04 0.00 0.17 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Jul 67.24 304.79 109.87 250.91 283.31 113.29 85.31 Aug 67.09 304.69 110.55 250.90 283.40 113.32 85.62 United States Jul 3.82 103.42 0.41 47.76 50.78 45.59 11.28 Aug 3.82 103.85 0.41 47.76 50.78 45.59 11.71 Total Foreign Jul 63.42 201.37 109.46 203.15 232.53 67.70 74.02 Aug 63.27 200.85 110.14 203.14 232.62 67.73 73.91 Major Exporters 3/ Jul 46.48 156.60 0.53 80.80 86.06 61.00 56.55 Aug 45.98 156.60 0.53 80.80 86.06 61.00 56.05 Argentina Jul 28.55 54.00 0.00 39.80 41.90 8.50 32.16 Aug 28.63 54.00 0.00 39.80 41.90 8.50 32.23 Brazil Jul 17.66 91.00 0.50 37.10 40.10 45.00 24.06 Aug 17.11 91.00 0.50 37.10 40.10 45.00 23.51 Paraguay Jul 0.26 8.20 0.03 3.70 3.84 4.32 0.33 Aug 0.23 8.20 0.03 3.70 3.84 4.32 0.30 Major Importers 4/ Jul 14.55 14.80 98.25 95.33 112.55 0.39 14.66 Aug 14.62 14.85 98.69 95.54 112.97 0.39 14.79 China Jul 13.29 12.00 73.00 73.50 84.90 0.30 13.09 Aug 13.29 12.00 73.00 73.50 84.90 0.30 13.09 European Union Jul 0.64 1.43 12.50 12.63 13.61 0.07 0.88 Aug 0.64 1.47 12.50 12.66 13.64 0.07 0.90 Japan Jul 0.18 0.21 2.80 1.95 3.01 0.00 0.17 Aug 0.18 0.21 2.80 1.95 3.01 0.00 0.17 Mexico Jul 0.12 0.29 3.74 3.97 4.00 0.00 0.15 Aug 0.17 0.29 3.90 4.10 4.14 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). August 2014 WASDE - 532 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.65 180.95 53.76 177.30 57.82 9.24 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.37 144.78 53.54 151.02 47.68 8.99 Major Exporters 3/ 6.25 61.20 0.04 19.33 41.26 6.89 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.13 7.80 0.01 3.53 4.35 0.05 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.24 189.70 57.64 184.93 61.45 10.20 United States 0.25 37.20 0.24 26.85 10.57 0.27 Total Foreign 8.99 152.50 57.40 158.07 50.88 9.93 Major Exporters 3/ 6.89 64.21 0.03 20.13 43.70 7.30 Argentina 3.74 28.83 0.00 1.80 27.00 3.77 Brazil 3.10 28.50 0.03 14.50 13.80 3.33 India 0.05 6.88 0.01 3.83 2.90 0.21 Major Importers 4/ 0.93 13.91 34.09 47.22 0.42 1.30 European Union 0.08 9.94 18.70 27.97 0.35 0.40 Southeast Asia 5/ 0.78 2.47 13.35 15.73 0.07 0.81 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jul 10.36 198.07 60.86 194.57 65.00 9.72 Aug 10.20 197.78 60.71 194.28 64.42 10.00 United States Jul 0.27 37.82 0.15 27.31 10.66 0.27 Aug 0.27 37.82 0.15 27.31 10.66 0.27 Total Foreign Jul 10.09 160.26 60.71 167.27 54.34 9.45 Aug 9.93 159.97 60.56 166.97 53.76 9.73 Major Exporters 3/ Jul 7.42 67.35 0.03 21.17 47.22 6.41 Aug 7.30 66.72 0.03 20.97 46.32 6.77 Argentina Jul 3.94 30.95 0.00 1.80 29.82 3.27 Aug 3.77 30.95 0.00 1.80 29.52 3.40 Brazil Jul 3.31 28.76 0.03 15.00 14.00 3.09 Aug 3.33 28.57 0.03 15.00 13.80 3.12 India Jul 0.17 7.64 0.01 4.37 3.40 0.05 Aug 0.21 7.20 0.01 4.17 3.00 0.25 Major Importers 4/ Jul 1.31 14.07 36.00 49.19 0.72 1.47 Aug 1.30 14.14 36.00 49.26 0.72 1.45 European Union Jul 0.40 10.04 19.80 29.12 0.65 0.46 Aug 0.40 10.06 19.80 29.14 0.65 0.46 Southeast Asia 5/ Jul 0.82 2.56 14.10 16.48 0.07 0.93 Aug 0.81 2.60 14.10 16.53 0.07 0.91 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. August 2014 WASDE - 532 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.87 42.89 8.43 42.33 9.32 3.55 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.71 33.90 8.34 33.85 8.34 2.77 Major Exporters 3/ 0.88 15.44 0.40 9.47 6.51 0.74 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.41 6.76 0.01 5.54 1.25 0.38 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.78 3.88 17.15 0.16 1.43 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.74 1.09 2.91 0.00 0.28 North Africa 5/ 0.10 0.41 1.39 1.69 0.08 0.13 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.55 44.96 8.88 44.57 9.53 3.27 United States 0.77 9.17 0.08 8.51 0.84 0.67 Total Foreign 2.77 35.79 8.81 36.07 8.70 2.60 Major Exporters 3/ 0.74 16.40 0.32 10.07 6.64 0.75 Argentina 0.26 7.03 0.00 2.62 4.42 0.25 Brazil 0.38 7.10 0.00 5.68 1.42 0.38 European Union 0.10 2.27 0.32 1.77 0.80 0.12 Major Importers 4/ 1.43 14.30 4.23 18.50 0.18 1.28 China 1.02 12.32 1.25 13.51 0.10 0.99 India 0.28 1.54 1.55 3.22 0.00 0.15 North Africa 5/ 0.13 0.44 1.43 1.77 0.08 0.15 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jul 3.41 46.79 9.20 46.15 9.79 3.46 Aug 3.27 46.75 9.22 46.07 9.79 3.39 United States Jul 0.74 9.19 0.07 8.26 0.95 0.80 Aug 0.67 9.19 0.07 8.26 0.95 0.73 Total Foreign Jul 2.66 37.60 9.13 37.90 8.83 2.66 Aug 2.60 37.56 9.15 37.82 8.83 2.66 Major Exporters 3/ Jul 0.77 17.01 0.30 10.59 6.72 0.77 Aug 0.75 17.02 0.30 10.59 6.72 0.76 Argentina Jul 0.25 7.60 0.00 2.94 4.62 0.29 Aug 0.25 7.60 0.00 2.94 4.62 0.29 Brazil Jul 0.40 7.12 0.00 5.87 1.30 0.35 Aug 0.38 7.12 0.00 5.87 1.30 0.33 European Union Jul 0.12 2.29 0.30 1.78 0.80 0.13 Aug 0.12 2.30 0.30 1.78 0.80 0.14 Major Importers 4/ Jul 1.33 15.32 4.42 19.61 0.17 1.29 Aug 1.28 15.23 4.44 19.50 0.17 1.27 China Jul 0.99 13.16 1.30 14.38 0.08 0.99 Aug 0.99 13.16 1.30 14.38 0.08 0.99 India Jul 0.20 1.71 1.68 3.42 0.00 0.16 Aug 0.15 1.61 1.70 3.30 0.00 0.16 North Africa 5/ Jul 0.15 0.45 1.44 1.81 0.09 0.14 Aug 0.15 0.45 1.44 1.82 0.09 0.13 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. August 2014 WASDE - 532 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 III 6,609 5,622 12,298 9,683 1, 440 11,265 23,563 1,994 49.4 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,038 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 7,946 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 1,982 51.0 II 6,183 5,504 11,754 9,616 1, 429 11,179 22,933 2,018 52.8 III* 6,445 5,460 11,968 9,825 1, 450 11,415 23,383 2,045 51.0 IV* 6,065 6,030 12,158 9,675 1, 500 11,305 23,463 2,100 51.2 Annual Jul Proj. 24,538 22,760 47,552 38,233 5, 717 44,479 92,031 8,152 205.9 Aug Proj. 24,561 22,779 47,596 38,399 5, 711 44,638 92,234 8,145 206.0 2015 I* 5,650 5,655 11,368 9,480 1, 400 11,005 22,373 2,025 52.8 II* 6,375 5,450 11,887 9,915 1, 475 11,530 23,417 2,055 54.4 Annual Jul Proj. 24,375 23,240 47,862 39,315 5, 925 45,785 93,647 8,260 212.4 Aug Proj. 24,325 23,280 47,852 39,345 5, 925 45,815 93,667 8,260 212.5 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 III 122.30 70.59 93.9 99.9 119.0 19.60 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III* 153-157 85-87 102-106 106-110 128-132 23.60-23.90 IV* 153-163 77-81 99-105 109-115 140-148 21.85-22.45 Annual Jul Proj. 146-150 79-81 106-108 104-107 133-137 23.25-23.55 Aug Proj. 150-153 79-81 103-106 105-108 136-139 23.55-23.75 2015 I* 150-162 72-78 100-108 98-106 132-142 20.65-21.55 II* 150-162 75-81 102-110 100-108 117-127 18.95-19.95 Annual Jul Proj. 145-157 75-81 100-108 102-111 122-132 19.75-20.75 Aug Proj. 149-162 72-78 100-108 102-111 124-134 19.75-20.75 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2014 WASDE - 532 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Proj. Jul 584 24,609 2,521 27,714 2,518 525 24,671 54.2 Aug 584 24,632 2,584 27,800 2,620 510 24,670 54.2 2015 Proj. Jul 525 24,446 2,560 27,531 2,425 525 24,581 53.6 Aug 510 24,396 2,600 27,506 2,525 510 24,471 53.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Proj. Jul 618 22,773 927 24,318 5,005 525 18,788 45.7 Aug 618 22,793 947 24,357 5,066 550 18,741 45.6 2015 Proj. Jul 525 23,253 890 24,668 5,085 580 19,003 45.9 Aug 550 23,293 920 24,763 5,145 605 19,013 46.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Proj. Jul 1,230 47,647 3,619 52,496 7,532 1,078 43,887 101.1 Aug 1,230 47,691 3,704 52,624 7,694 1,093 43,837 101.0 2015 Proj. Jul 1,078 47,957 3,616 52,651 7,519 1,133 43,999 100.7 Aug 1,093 47,947 3,686 52,726 7,679 1,148 43,899 100.4 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Proj. Jul 669 37,824 120 38,613 7,356 605 30,652 82.6 Aug 669 37,988 119 38,776 7,219 605 30,951 83.4 2015 Proj. Jul 605 38,894 116 39,615 7,475 645 31,495 84.3 Aug 605 38,924 116 39,645 7,315 645 31,685 84.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Proj. Jul 237 5,717 21 5,975 718 225 5,032 15.8 Aug 237 5,711 23 5,972 737 225 5,010 15.7 2015 Proj. Jul 225 5,925 20 6,170 750 310 5,110 15.9 Aug 225 5,925 20 6,170 750 310 5,110 15.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Proj. Jul 912 44,069 142 45,124 8,183 834 36,107 99.7 Aug 912 44,227 143 45,282 8,067 834 36,381 100.4 2015 Proj. Jul 834 45,364 138 46,336 8,350 959 37,027 101.5 Aug 834 45,393 138 46,365 8,190 959 37,216 102.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.5 2014 Proj. Jul 2,142 91,717 3,761 97,620 15,714 1,912 79,994 200.8 Aug 2,142 91,917 3,847 97,906 15,761 1,927 80,218 201.4 2015 Proj. Jul 1,912 93,321 3,754 98,986 15,869 2,092 81,025 202.2 Aug 1,927 93,341 3,824 99,092 15,869 2,107 81,116 202.5 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2014 WASDE - 532 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 22.0 Production 7,786.3 7,945.6 8,152.0 8 ,144.5 8,260.0 8,260.0 Imports 18.5 16.9 22.6 24.8 20.0 20.0 Total Supply 7,832.4 7,983.3 8,197.6 8 ,192.3 8,302.0 8,302.0 Use Exports 301.7 371.9 328.0 338.4 320.0 320.0 Hatching Use 940.8 959.9 972.7 973.7 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 22.0 23.0 23.0 Disappearance Total 6,569.1 6,628.5 6,874.9 6 ,858.2 6,959.0 6,959.0 Per Capita (number) 250.8 251.3 258.8 258.2 260.1 260.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 200.5 201.2 205.9 206.0 212.4 212.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.8 10.9 Marketings 199.6 200.2 204.9 205.0 211.4 211.6 Imports 4.1 3.7 3.5 3.7 3.5 3.6 Total Cml. Supply 214.6 216.2 219.6 219.9 225.6 226.1 Fat Basis Use Commercial Exports 8.8 12.4 13.2 12.8 13.0 11.8 Ending Commercial Stocks 12.2 11.2 10.8 10.9 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.6 192.6 195.6 196.2 200.6 202.3 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 12.0 12.0 Marketings 199.6 200.2 204.9 205.0 211.4 211.6 Imports 5.7 5.3 5.2 5.2 5.1 5.1 Total Cml. Supply 217.1 217.9 221.8 221.9 228.5 228.7 Skim-solid Basis Use Commercial Exports 33.3 38.5 40.4 40.6 39.1 39.0 Ending Commercial Stocks 12.4 11.6 12.0 12.0 12.2 12.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.4 167.7 169.3 169.3 177.2 177.3 Total Note: Totals may not add due to rounding. August 2014 WASDE - 532 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.030- 2.0602.050- 2.0701.670- 1.7701.670- 1.770 Butter 1.5943 1.5451 1.965- 2.0252.040- 2.0801.650- 1.7801.655- 1.785 Nonfat Dry Milk 1.3279 1.7066 1.835- 1.8651.845- 1.8651.605- 1.6751.605- 1.675 Dry Whey 0.5935 0.5902 0.635- 0.6550.640- 0.6600.550- 0.5800.565- 0.595 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 21.00- 21.3021.25- 21.4516.95- 17.9517.00- 18.00 Class IV 16.01 19.05 21.95- 22.3522.35- 22.6518.70- 19.8018.70- 19.80 All Milk 3/ 18.52 20.05 23.25- 23.5523.55- 23.7519.75- 20.7519.75- 20.75 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. August 2014 WASDE - 532 - 35 Note: Tables on pages 35-37 present a record of the August proj ection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.4 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 4.1 percent. The average difference between the August projection and the final estimate is 11.1 million tons , ranging from 0.2 million to 32.1 million t ons. The August projection has been belo w the estimate 21 times and above 12 times. Reliability of August Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 2.4 4.1 11.1 0.2 32.1 21 12 U.S. 2.4 4.0 1.1 0.0 4.2 14 19 Forei gn 2.7 4.6 10.8 0.6 31.1 21 12 Exports Worl d 5.8 9.9 5.7 0.4 19.1 24 9 U.S. 11.0 18.7 2.7 0.0 10.0 16 16 Forei gn 7.2 12.2 5.4 0.3 20.5 23 10 Domestic Use Worl d 1.9 3.3 8.3 0.2 23.4 17 16 U.S. 7.1 12.1 1.9 0.0 4.5 12 21 Forei gn 1.9 3.2 7.9 0.2 22.0 20 13 Ending Stocks Worl d 9.6 16.2 10.7 0.3 31.2 24 9 U.S. 15.8 26.8 3.0 0.5 12.6 19 14 Forei gn 10.4 17.6 9.4 0.2 28.7 24 9 COARSE GRAINS 2/ Production Worl d 2.4 4.1 17.1 0.4 51.0 25 8 U.S. 6.5 11.1 10.4 0.0 31.4 21 12 Forei gn 2.4 4.0 12.7 0.7 28.9 23 10 Exports Worl d 7.1 12.1 6.3 0.1 23.8 22 11 U.S. 22.0 37.3 7.7 0.4 19.7 13 20 Forei gn 14.9 25.2 7.2 1.4 18.1 22 11 Domestic Use Worl d 1.6 2.8 11.8 0.2 29.5 18 15 U.S. 4.5 7.6 7.5 0.6 17.0 21 12 Forei gn 1.7 2.8 9.5 1.1 23.3 20 13 Ending Stocks Worl d 15.5 26.4 18.6 0.1 53.5 26 7 U.S. 30.3 51.4 10.9 0.4 43.5 17 16 Forei gn 15.9 27.0 12.6 0.2 42.5 26 7 RICE, milled Production Worl d 2.4 4.1 6.7 0.1 24.4 22 11 U.S. 5.2 8.8 0.2 0.0 0.6 19 14 Forei gn 2.5 4.2 6.7 0.4 24.7 23 10 Exports Worl d 9.5 16.1 1.5 0.0 6.9 24 9 U.S. 11.8 20.0 0.2 0.0 1.0 18 13 Forei gn 10.5 17.9 1.5 0.1 6.8 23 10 Domestic Use Worl d 1.9 3.3 4.3 0.1 23.5 25 8 U.S. 8.8 14.9 0.2 0.0 0.5 15 18 Forei gn 2.0 3.4 4.4 0.0 24.0 24 9 Ending Stocks Worl d 12.5 21.3 4.9 0.1 14.5 26 7 U.S. 30.8 52.3 0.2 0.0 1.0 20 12 Forei gn 13.6 23.1 4.9 0.1 15.5 26 7 1/ Footnotes at end of table. CONTINUED August 2014 WASDE - 532 - 36 Reliability of August Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.2 6.7 0.3 26.7 20 13 U.S. 6.4 10.9 3.4 0.0 11.1 17 15 Foreign 8.0 13.5 6.4 1.1 26.4 17 16 Exports World 7.4 12.6 2.9 0.2 11.6 21 12 U.S. 12.7 21.5 2.7 0.0 7.1 19 13 Foreign 20.8 35.3 2.7 0.0 9.4 14 19 Domestic Use World 3.7 6.2 4.7 0.0 15.9 21 12 U.S. 5.2 8.9 1.8 0.0 4.6 21 12 Foreign 4.2 7.2 4.1 0.6 11.3 20 13 Ending Stocks World 17.2 29.1 4.0 0.1 15.0 18 15 U.S. 46.5 78.9 2.5 0.3 7.3 11 22 Foreign 19.6 33.3 4.1 0.2 16.0 20 13 COTTON Million 480-Pound Bales Production World 4.9 8.3 3.2 0.0 13.2 18 14 U.S. 7.8 13.3 1.0 0.0 3.9 17 15 Foreign 5.3 8.9 2.8 0.0 10.7 18 14 Exports World 10.2 17.2 2.4 0.1 10.2 16 17 U.S. 22.8 38.7 1.2 0.0 3.2 17 16 Foreign 13.3 22.6 1.9 0.1 8.5 17 16 Domestic Use World 4.1 6.9 2.9 0.3 14.2 13 20 U.S. 9.2 15.6 0.5 0.0 1.3 18 13 Foreign 4.2 7.0 2.9 0.3 13.4 14 19 Ending Stocks World 15.9 27.0 5.7 0.2 14.2 23 10 U.S. 41.0 69.6 1.5 0.0 5.1 12 20 Foreign 16.1 27.3 5.0 0.1 14.0 25 8 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2014 WASDE - 532 - 37 Reliability of United Stat es August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 7.0 12.0 386 1 1,079 21 12 Exports 23.0 39.1 276 12 750 12 21 Domestic Use 4.9 8.3 298 10 590 21 12 Ending Stocks 36.0 61.1 400 55 1,674 17 16 SORGHUM Production 8.5 14.5 36 1 108 17 16 Exports 29.4 49.9 36 1 115 16 17 Domestic Use 13.3 22.6 38 0 114 15 16 Ending Stocks 54.6 92.6 40 4 201 12 21 BARLEY Production 6.3 10.8 16 1 67 11 22 Exports 51.5 87.4 14 0 82 15 16 Domestic Use 10.1 17.1 25 0 82 12 20 Ending Stocks 19.5 33.1 22 0 94 15 17 OATS Production 9.3 15.7 14 1 57 6 27 Exports 103.8 176. 21088 1 2 Domestic Use 5 . 7 9 . 61 4 13 91 12 2 Ending Stocks 24.2 41.1 16 2 40 15 18 SOYBEAN MEAL Thousand Short Tons Production 5.3 8.9 1,379 32 3,669 23 10 Exports 17.0 28.8 1,010 75 3,500 20 13 Domestic Use 4.2 7.2 809 24 3,800 19 14 Ending Stocks 46.1 78.2 56 0 428 10 14 SOYBEAN OIL Million Pounds Production 5.3 9.0 681 11 2,290 21 12 Exports 35.2 59.7 426 0 1,575 15 16 Domestic Use 4.4 7.4 457 8 2,200 21 12 Ending Stocks 34.9 59.2 494 0 1,472 17 15 ANIMAL PROD. 3/ Million Pounds Beef 4.4 7.4 874 175 2,536 23 9 Pork 3.1 5.3 400 25 1,375 18 14 Broilers 2.3 3.9 570 49 1,338 18 14 Turkeys 3.8 6.5 141 2 458 21 11 Million Dozen Eggs 1.7 3.0 93 4 394 21 11 Billion Pounds Milk 1.8 3.0 2.2 0.1 7.0 19 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1983-2013. WASDE-532-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-532 – August 12, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 525 Approved by the Worl d Agricultural Outlook Board January 10, 2014 WHEAT : U.S. wheat supplies for 2013/14 are unchanged this month, but lower expected use raises projected ending stoc ks 33 million bushels. Feed and residual use is lowered 60 million bushels reflecting disappearance for June-Novemb er as indicated by the December 1 stocks released in the Grain Stocks report. Feed and residual use is lowered for Hard Red Winter (HRW) and Hard Red Spring, and Soft Red Winter wheat. Seed use is raised 1 million bushels based on the winter wheat planted area reported today in the Winter Wheat Seedings report. Wheat exports are projected 25 million bushels higher, with an increase for HRW, on the strong pace of sales and shipments and lower expected competition from Argentina, particularly in Brazil’s milling wheat market. The 2013/14 seas on-average farm price is projected 10 cents lower at the midpoint with the range narrowed to $6.60 to $7.00 per bushel. Global 2013/14 wheat supplies are raised 1.5 million tons to 888.8 million with production increases for China and the FSU-12 more than offsetting reductions for Argentina and the European Union. Production is raised 1.0 million t ons for China reflecting the latest estimate by the China National Grain and Oil Information Center and indications from the National Bureau of Statistics for total 2013/14 grain production. Production is raised 0.6 million tons for Russia and 0.3 million tons for Tajikistan, both based on the la test official indications. Production is reduced 0.5 million tons for Argentina with harvested area expected lower. Production for the European Union is lowered 0.2 million tons with small downward revisions for the United Kingdom, Finland, and Denmark. Global wheat trade for 2013/14 is raised with higher imports projected for Egypt, Japan, and Syria more than offsetting reductions for the Philip pines and Tajikistan. Exports are raised for the European Union and Russia. Stronger North Africa and Middle East demand drives increases for the European Union and Russia, whereas reductions in Argentina supplies and exports indicate a shift to U.S. supplies for Brazil. Foreign wheat fe eding is lower mostly re flecting a 1.0-million-ton reduction for the European Union where increased exports reduce supplies available to the domestic market. Larger barley supplies in the European Union this month support a shift to barley feeding. Global wheat ending stocks are projected 2.6 million tons higher mostly on increases for China and the United States. COARSE GRAINS : U.S. feed grain supplies for 2013/14 are projected lower with reduced production estimated for corn and sorghum. Harveste d area for corn is raised 436,000 acres, but the estimated yield is lowered 1.6 bushels per acre to 158.8, reducing production 64 million bushels to 13.9 billion. Sorghum harvested area is lowered 148,000 acres and the yield is lowered 2.6 bushels per acre, reducing production 27 million bushels. Projected corn use for 2013/14 is raised with feed and residual use projected up 100 million bushels based on September-November disappearance as indicated by the December 1 stocks estimate. Corn used to produce ethanol is raised 50 million bushels reflecting continued strong weekly ethanol production, a reduction in expected sorghum use for ethanol, and higher forecast 2014 gasoline consumption in the latest projections from the Energy Information Administration. WASDE-525-2 A 50-million-bushel reduction in othe r food, seed, and industrial us e offsets the increase in use for ethanol. Corn ending stocks for 2013/14 are projected 161 millio n bushels lower at 1.6 billion. The projected 2013/14 season-averag e farm price for corn is unchanged at the midpoint with the range narrowed to $4.10 to $4.70 per bushel. Other 2013/14 feed grain changes include increases in projected feed and residual disappearance for sorghum and oats, but a reduct ion for barley as indicated by December 1 stocks. Sorghum exports are projected 20 million bushels lower as higher indicated September-November disappearance limits exportable supplies. Sorghum food, seed, and industrial use is also lowered 20 million bushels. Global coarse grain supplies fo r 2013/14 are projected 1.2 milli on tons higher despite this month’s reduction in U.S. produc tion and a 1.9-million-ton decrease in global beginning stocks. Higher 2012/13 corn exports for Brazil reduce begi nning stocks for 2013/14. Global barley production for 2013/14 is raised 1.6 million tons with increa ses for the European Union, Argentina, and Russia. Foreign corn production is raised 4.3 million tons with higher China production. China corn production is raised 6.0 million tons reflecti ng the latest upward revision by the China National Grain and Oil Information Center, indications from the National Bureau of Statistics for total 2013/14 grain production, and review of growing-season weather. Favorable weather suggests year-to-year yield increases in most of China’s major corn producing areas. In the northeastern region, above normal rainfall and favorable temperatures were experienced in nearly all of the corn areas. Harvested area is also raised for China. Partly offsetting the China corn increase are reductions in 2013/14 corn output for Argentina, Russia, and the European Union. Production is lowered 1.0 million tons for Argentina with lower expected area and reduced prospects for yields following December heat and dryness. Production is lowered 0.5 millio n tons for Russia based on the latest government data. European Union production is lowered 0.3 million tons with a reduc tion for France. Global 2013/14 coarse grain consumption is raised 4.2 million tons with the higher corn use in the United States and higher barley feeding in the European Union and Russia. World corn trade for 2013/14 is lowered with a 2.0 -million-ton reduction in imports expected fo r China. Recent rejections of U.S. corn shipments by China an d larger domestic corn supplies in China are expected to limit imports during the 2013/14 mark eting year. China sorghum imports, however, are raised 0.5 million tons. Corresponding reductions in Mexico sorghum imports and feeding raise corn import needs for Mexico. Corn imports are raised for Mexico and the Philippines, up 0.5 million tons and 0.3 million tons, respectively. Corn exports for Argentina are lowered 1.0 million tons also suppor ting this month’s uncha nged U.S. corn export projection. Global corn ending stocks are proj ected 2.2 million tons lower with an in crease for China more than offset by reductions for the United States and Brazil. RICE: The U.S. 2013/14 rice crop is estimated at 189.9 million cwt, up 1.2 million from the previous estimate. Average yield is estimated at a record 7,694 pounds per acre, up 34 pounds per acre. Harvested area is estimated at 2.468 million acres, up 4,000 acres from the previous estimate. Long-grain rice production is estimated at 131.9 million cwt, up 2.9 million from last month, and combined medium- and short-grain produc tion is lowered 1.7 million to 58.0 million. Rice imports for 2013/14 are unchanged from last month. All rice and the long-grain rice 2013/14 domestic and residual use projections are raised 4.0 million cwt from a month ago as indicated by the Decemb er 1 stocks with all rice at 120.0 million cwt and long-grain at 88.0 million. Combined medium- and short-grain domestic and residual use is projected at 32.0 million, unchanged from last month. The all rice export projection is lowered 1.0 WASDE-525-3 million cwt to 99.0 million—all in the long-grain class. The pace of exports and sales of long-grain rice have been slow to markets in Sub-Saharan Africa and Central America. The 2013/14 rough rice export projection is unchanged at 35.0 milli on cwt. Exports of milled and brown rice are lowered 1.0 million cwt to 64.0 mi llion (rough-equivalent basis). All rice ending stocks for 2013/14 are projected at 28.3 million cwt, down 1.8 million from last month, and a decrease of 22 percent from a year ago. Long-grain rice ending stocks are forecast at 17.3 million cwt, down slightly from last month, and a decrease of 21 percent from 2012/13. Combined medium- and short-grain rice ending stocks are projected at 8.7 million cwt, down 1. 7 million from last month, and a decline of 29 percent from last year. The Rice Stocks reported total rough rice stocks at 132.8 million cwt as of December 1 and total milled stocks at 6.6 million (9.4 million cwt on a rough-equivalent basis). Total rice stocks on a rough-equivalent basis are 142.2 million, down 10 percent from a year earlier. Long-grain stocks as of December 1 are estimated at 89.1 million (rough-equivalent basis) and combined medium- and short-grain stocks at 50.3 million. The 2013/14 long-grain season-average farm price range is projected at $14.80 to $15.80 per cwt, unchanged from last month. The combined medium- and short-grain farm price range is projected at $16.30 to $17.30 per cwt, down 50 cents per cwt on each end of the range. The all rice season- average farm price is forecast at $15.30 to $16.30 per cwt, down 10 cents per cwt on both ends of the range. Global total supplies of rice for 2013/14 are raised more than the increase in total use resulting in an increase in world ending stocks. Global rice production is projected at 471.2 million tons, still a record, and up 0.5 million from last month due primarily to increased forecasts for Brazil, Pakistan, and the United States. Brazil’s crop is raised 0. 1 million tons because of an increase in area. Pakistan’s rice crop is raised 0.4 million tons be cause of an increase in average yield. The U.S. rice crop is up on both an increase in area and yi eld. Beginning stocks for 2013/14 are increased 0.6 million tons from last month due mostly to increases for Pakistan and Thailand. Global consumption for 2013/14 is forecast at a record 473.1 million tons due mostly to increases for Brazil and the United States. Export projections are raised for Argentina and Pakistan, and lowered slightly for the United States. Imports are raised for the Philippines—up 0.2 million tons to 1.4 million. Global rice ending stocks for 2013/14 are projected at 105.2 million tons, up 0.9 million from last month, but a decrease of 1.9 million from the prior year. Ending stocks projections are raised for Pakistan, the Philippines, and Thailand. OILSEEDS: U.S. oilseed production for 2013/14 is es timated at 97.3 millio n tons, up 0.9 million tons from last month. Larger crops for soybeans, cottonseed, and peanuts are partly offset by reductions for sunflowerseed and canola. Soybean production is estimated at 3.289 billion bushels, up 31 million bushels based on increased yiel ds and harvested area. The soybean yield is estimated at 43.3 bushels per acre, up 0.3 bushels from the previous estimate. Soybean crush is raised 10 million bushels to 1.700 billion reflecting higher projected soybean meal exports, which partly offsets a reduction for Argentina. Soybean exports are increased 20 million bushels to 1.495 billion reflecting record shipments during the firs t quarter of the marketing year and strong sales through December. Soybean ending stocks for 2013/14 are projected at 150 million bushels, unchanged for last month. Soybean oil balance sheet changes include increased production on a higher crush and extraction rate, reduced imports, increased projected exports, and increased ending stocks. The 2013/14 U.S. season-average farm price forecast for soybeans is narrowed 25 cents on both ends of the range to $11.75 to $13.25 per bushel based on prices reported to date. The soybean WASDE-525-4 oil price is forecast at 35.5 to 39.5 cents per pound, down 2.5 cents on both ends. The soybean meal price is projected at $415 to $455 per short ton, up 15 dollars on both ends of the range. Global oilseed production for 2013/14 is projected at a record 505.9 million tons, up 3.6 million. Global soybean production is projected at 286.8 m illion tons, up 1.9 million on gains for the United States and Brazil. The Brazil soybean crop projection is raised 1.0 million tons to a record 89.0 million. The increase is due to higher projected area reflecting recent survey data from the Brazilian government. Global sunflowerseed productio n is raised 1.3 million tons to 43.7 million on record forecasts for Ukraine, Russia, and the European Union. The Ukraine crop is raised 1.0 million tons to 12.5 million on higher yields . Other changes include increased cottonseed production for China and Argentina, lower cottonseed production for Pakistan, and increased rapeseed production for Russia. Global oilseed trade for 2013/14 is projected at 128. 9 million tons, up slightly from last month. Increased soybean exports for the United States are partly offset by reduced rapeseed export prospects for Australia and Canada. Lower soybean meal exports for Argentina resulting from lower soybean crush are offset by gains for the United States, Brazil, and Russia. Increased global soybean oil trade mainly reflects a higher projection for the United States. Global oilseed ending stocks are projected at 85.1 mill ion tons, up 2.3 million from last month on increased soybean stocks in Argentina and Brazil, increased canola stocks in Canada, and higher sunflowerseed stocks in Russia and Ukraine. SUGAR: Projected U.S. sugar supply for fiscal year 2013/14 is decreased 94,000 short tons, raw value, from last month, mainly due to lower production in Louisiana. Total use is unchanged. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total red meat and poultry production for both 2013 and 2014 are lowered from December. For 2013, beef production is raised, but pork, broiler, and turkey production are reduced. The forecast for 2014 is reduced as lower pork and turkey production more than offset an increased beef production forecast. The Quarterly Hogs and Pigs report, released on December 27, indicated that the September-November pig crop was fractionally below a year earlier which will constrain supplies of slaughter hogs in early 2014. Although producers intend to farrow more sows in the first half of 2014, the impacts of the Porcine Epidemic Diarrhea virus (PEDv) will likely slow growth in pigs per litter and keep supplies of market hogs relatively tight during 2014. Beef production is raised for 2014 as higher-than-expected placements in the later part of 2013 and expected availability of winter pasture support increased cattle marketings and slaughter during the year. No change is made to 2014 broiler production. Egg production is reduced slightly for 2013 and 2014. Beef imports are unchanged for 2013, but are raised slightly for 2014. Beef exports are raised for both 2013 and 2014 as the pace of exports over the past several months has been strong. Pork imports and exports for both 2013 and 2014 are unchanged from last month. The 2013 broiler export forecast is raised slightly based on exports to date, but the forecast for 2014 is unchanged. Turkey exports for 2013 and 2014 are unchanged from last month. Animal product prices for 2013 are adjusted based on December data. For 2014, the cattle price forecast is raised from last month as demand for fed cattle remains strong. Hog prices are raised as the production forecast is lowered. Broiler and turkey price forecasts are raised from last month. Demand for broiler meat is firm, supported by tight supplies of beef. Turkey prices are expected to be supported by lower forecast production in early 2014. Egg prices are forecast higher, reflecting current price strength. WASDE-525-5 The 2013 milk production estimate is reduced from last month, based on recent milk production data. The forecast for 2014 is raised as improving returns are expected to support a more rapid increase in output per cow. Fat basis imports are reduced for 2013 and 2014 on lower expected imports of butterfat. On a skim-solids basis, imports are reduced slightly for 2013 but are unchanged for 2014. Fat basis exports are raised for both 2013 and 2014 on relatively strong demand for cheese and other products. Skim-solids exports are reduced slightly for 2013 as NDM exports lagged in November. However, exports are expected to strengthen in 2014 and the skim- solids export forecast is raised. Dairy product and milk prices for 2013 are adjusted to reflect December data. For 2014, cheese, butter, and nonfat dry milk (NDM) prices are raised as export and domestic demand are expected to strengthen, but the forecast for dry whey is unchanged. The Class III price is raised due to the higher cheese prices and the Class IV price forecast reflects higher butter and NDM prices. The all milk price is forecast at $20.60 to $21.40 per cwt for 2014. COTTON: The U.S. cotton estimates for 2013/14 are revised slightly to reflect higher production. Production is raised 118,000 bales from last month, due mainly to an increase for Texas. Domestic mill use is unchanged, but exports are raised to 10.5 million, leaving ending stocks unchanged at 3.0 million bales. The marketing-year average price is projected in a narrower range of 72-77 cents per pound, with the midpoint of 74.5 cents raised marginally from last month. The 2013/14 world cotton supply and demand estimates include higher production and marginally lower consumption, resulting in an increase of 1. 2 million bales in ending stocks. Production is raised mainly for China, where government classing data indicates that Xinjiang production, which accounts for about 60 percent of the total, may exceed 2012/13. Production also is raised for Argentina, but is reduced for Paki stan, and Pakistan’s consumption also is reduced. World stocks are now projected at 97.6 million bales, with China accounting for 60 percent of the total. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE ACTING SECRETARY OF AGRICULTURE WASDE-525-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, IC EC Chair, WAOB, email : [email protected] Gary Vocke, ERS; Tere sa McKeivier, FAS; William Chambers, FSA. Rice: Andrew C. Aaronson , ICEC Chair, WAOB, email : [email protected] Nathan Childs, ERS; Debbie Ru bas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, email : [email protected] Thomas Capehart, ERS; Richard O’Me ara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, email : [email protected] Mark Ash, ERS; Bill George , FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, email : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Scott Sanford, FSA. Sugar: John Love, ICEC Chair, WAOB, email : [email protected] Stephen Haley, ERS; Ron Lord, FAS; Barb ara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Larry Haller, AMS; Davi d Harvey, ERS; Lazaro Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, email : [email protected] Jerry Cessna, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, June 11, July 11, Aug 12, Sept 11, Oct 10, Nov 10, Dec 10. WASDE-525-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 January 2014 WASDE - 525 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2011/12 2314.37 2778.28 343.54 2309.43 468.84 2012/13 (Est.) 2258.70 2727.54 300.00 2281.81 445.73 filler filler filler filler filler 2013/14 (Proj.) Dec 2438.10 2884.89 340.31 2400.91 483.98 2013/14 (Proj.) Jan 2443.00 2888.73 341.70 2404.21 484.52 filler filler filler filler filler Wheat 2011/12 697.27 896.25 157.78 697.31 198.94 2012/13 (Est.) 656.45 855.39 137.83 679.26 176.13 filler filler filler filler filler 2013/14 (Proj.) Dec 711.42 887.25 156.92 704.47 182.78 2013/14 (Proj.) Jan 712.66 888.79 158.58 703.39 185.40 filler filler filler filler filler Coarse Grains 5/ 2011/12 1151.28 1317.57 146.69 1152.08 165.49 2012/13 (Est.) 1132.75 1298.24 123.35 1135.76 162.48 filler filler filler filler filler 2013/14 (Proj.) Dec 1256.08 1420.49 143.63 1223.57 196.92 2013/14 (Proj.) Jan 1259.20 1421.68 142.97 1227.74 193.94 filler filler filler filler filler Rice, milled 2011/12 465.82 564.45 39.07 460.04 104.41 2012/13 (Est.) 469.50 573.91 38.82 466.79 107.12 filler filler filler filler filler 2013/14 (Proj.) Dec 470.60 577.15 39.76 472.88 104.27 2013/14 (Proj.) Jan 471.15 578.26 40.16 473.08 105.18 filler filler filler filler filler United States Outpu t Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2011/12 384.01 447.82 72.83 325.65 49.34 2012/13 (Est.) 354.01 414.06 51.55 318.29 44.23 filler filler filler filler filler 2013/14 (Proj.) Dec 435.69 488.12 74.78 348.11 65.23 2013/14 (Proj.) Jan 433.44 485.94 74.92 349.17 61.85 filler filler filler filler filler Wheat 2011/12 54.41 80.93 28.61 32.11 20.21 2012/13 (Est.) 61.67 85.22 27.42 38.27 19.54 filler filler filler filler filler 2013/14 (Proj.) Dec 57.96 81.85 29.94 36.28 15.64 2013/14 (Proj.) Jan 57.96 81.85 30.62 34.69 16.55 filler filler filler filler filler Coarse Grains 5/ 2011/12 323.73 358.89 41.03 290.05 27.82 2012/13 (Est.) 286.01 320.53 20.73 276.27 23.53 filler filler filler filler filler 2013/14 (Proj.) Dec 371.72 398.43 41.66 308.15 48.63 2013/14 (Proj.) Jan 369.43 396.21 41.15 310.67 44.40 filler filler filler filler filler Rice, milled 2011/12 5.87 8.00 3.20 3.49 1.30 2012/13 (Est.) 6.34 8.31 3.40 3.75 1.16 filler filler filler filler filler 2013/14 (Proj.) Dec 6.01 7.84 3.19 3.69 0.96 2013/14 (Proj.) Jan 6.05 7.87 3.16 3.82 0.90 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2014 WASDE - 525 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2011/12 1,930.36 2,330.46 270.71 1,983.78 419.51 2012/13 (Est.) 1,904.69 2,313.48 248.46 1,963.52 401.51 filler filler filler filler filler 2013/14 (Proj.) Dec 2,002.40 2,396.77 265.53 2,052.80 418.75 2013/14 (Proj.) Jan 2,009.56 2,402.79 266.78 2,055.04 422.68 filler filler filler filler filler Wheat 2011/12 642.86 815.32 129.18 665.20 178.73 2012/13 (Est.) 594.77 770.17 110.42 640.99 156.60 filler filler filler filler filler 2013/14 (Proj.) Dec 653.46 805.40 126.98 668.19 167.15 2013/14 (Proj.) Jan 654.70 806.94 127.96 668.71 168.85 filler filler filler filler filler Coarse Grains 5/ 2011/12 827.56 958.68 105.66 862.04 137.67 2012/13 (Est.) 846.75 977.71 102.62 859.49 138.95 filler filler filler filler filler 2013/14 (Proj.) Dec 884.36 1,022.06 101.97 915.42 148.29 2013/14 (Proj.) Jan 889.77 1,025.47 101.82 917.07 149.55 filler filler filler filler filler Rice, milled 2011/12 459.95 556.46 35.87 456.55 103.11 2012/13 (Est.) 463.16 565.60 35.42 463.04 105.96 filler filler filler filler filler 2013/14 (Proj.) Dec 464.59 569.32 36.58 469.19 103.31 2013/14 (Proj.) Jan 465.10 570.39 37.00 469.26 104.28 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2011/12 126.64 176.87 46.04 102.83 73.32 2012/13 (Est.) 123.08 196.40 46.70 106.37 89.17 2013/14 (Proj.) Dec 116.83 205.97 38.49 109.68 96.41 2013/14 (Proj.) Jan 117.81 206.98 38.47 109.50 97.61 United States 2011/12 15.57 18.19 11.71 3.30 3.35 2012/13 (Est.) 17.32 20.68 13.03 3.50 3.90 2013/14 (Proj.) Dec 13.07 16.98 10.40 3.60 3.00 2013/14 (Proj.) Jan 13.19 17.10 10.50 3.60 3.00 Foreign 4/ 2011/12 111.07 158.67 34.32 99.53 69.97 2012/13 (Est.) 105.77 175.73 33.67 102.87 85.27 2013/14 (Proj.) Dec 103.76 188.99 28.09 106.08 93.41 2013/14 (Proj.) Jan 104.62 189.88 27.97 105.90 94.61 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes U.S. domestic mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2014 WASDE - 525 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2011/12 446.27 531.91 111.36 395.84 66.34 2012/13 (Est.) 474.32 540.66 117.76 396.88 69.60 2013/14 (Proj.) Dec 502.27 571.78 128.32 414.99 82.79 2013/14 (Proj.) Jan 505.85 575.45 128.86 415.52 85.11 Oilmeals 2011/12 268.09 278.54 80.29 262.89 12.51 2012/13 (Est.) 268.61 281.12 77.58 264.26 12.16 2013/14 (Proj.) Dec 281.35 293.66 84.28 275.68 13.41 2013/14 (Proj.) Jan 281.52 293.69 84.47 275.94 13.25 Vegetable Oils 2011/12 157.41 172.06 63.38 152.90 17.51 2012/13 (Est.) 160.73 178.24 67.05 157.74 18.17 2013/14 (Proj.) Dec 168.85 187.15 69.24 164.30 20.45 2013/14 (Proj.) Jan 169.22 187.39 69.73 164.39 20.37 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 92.35 100.94 37.78 50.35 5.57 2012/13 (Est.) 93.14 100.20 36.94 50.24 5.76 2013/14 (Proj.) Dec 96.44 103.53 40.84 49.99 5.71 2013/14 (Proj.) Jan 97.32 104.54 41.47 50.33 5.75 Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34 2012/13 (Est.) 38.61 42.34 10.44 31.58 0.31 2013/14 (Proj.) Dec 38.74 42.51 9.86 32.31 0.34 2013/14 (Proj.) Jan 38.94 42.71 10.04 32.33 0.34 Vegetable Oils 2011/12 10.04 15.48 1.15 12.79 1.54 2012/13 (Est.) 10.18 15.51 1.39 12.97 1.16 2013/14 (Proj.) Dec 9.94 15.23 0.96 13.11 1.16 2013/14 (Proj.) Jan 10.15 15.53 1.09 13.27 1.18 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2011/12 353.93 430.97 73.58 345.48 60.77 2012/13 (Est.) 381.17 440.46 80.82 346.64 63.84 2013/14 (Proj.) Dec 405.83 468.24 87.47 365.00 77.08 2013/14 (Proj.) Jan 408.53 470.91 87.39 365.19 79.35 Oilmeals 2011/12 228.57 235.61 71.13 229.46 12.18 2012/13 (Est.) 229.99 238.78 67.14 232.68 11.85 2013/14 (Proj.) Dec 242.62 251.15 74.42 243.37 13.07 2013/14 (Proj.) Jan 242.58 250.98 74.42 243.61 12.92 Vegetable Oils 2011/12 147.37 156.58 62.24 140.10 15.96 2012/13 (Est.) 150.56 162.73 65.66 144.77 17.01 2013/14 (Proj.) Dec 158.91 171.92 68.28 151.19 19.29 2013/14 (Proj.) Jan 159.07 171.85 68.65 151.13 19.19 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2014 WASDE - 525 - 11 U.S. Wheat Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Million Acres Area Planted 54.4 55.7 56.2 56.2 Area Harvested 45.7 48.9 45.2 45.2 Bushels Yield per Harvested Acre 43.7 46.3 47.2 47.2 Million Bushels Beginning Stocks 862 743 718 718 Production 1,999 2,266 2,130 2,130 Imports 112 123 160 160 Supply, Total 2,974 3,131 3,008 3,008 Food 941 945 950 950 Seed 76 73 73 74 Feed and Residual 162 388 310 250 Domestic, Total 1,180 1,406 1,333 1,274 Exports 1,051 1,007 1,100 1,125 Use, Total 2,231 2,414 2,433 2,399 Ending Stocks 743 718 575 608 CCC Inventory 0000 Free Stocks 743 718 575 608 Outstanding Loans 8855 Avg. Farm Price ($/bu) 2/ 7.24 7.77 6.65 - 7.15 6.60 - 7.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2012/13 (Est.) Beginning Stocks 317 151 185 64 25 743 Production 1,000 505 420 259 83 2,266 Supply, Total 3/ 1,335 699 623 330 144 3,131 Domestic Use 612 303 306 93 93 1,406 Exports 380 232 193 174 29 1,007 Use, Total 992 534 499 267 121 2,414 Ending Stocks, Total 343 165 124 63 23 718 2013/14 (Proj.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,102 720 714 339 132 3,008 Domestic Use 465 302 297 130 81 1,274 Exports 440 210 300 150 25 1,125 Use, Total 905 512 597 280 106 2,399 Ending Stocks, Total Jan 197 208 117 59 26 608 Ending Stocks, Total Dec 194 202 89 58 31 575 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. January 2014 WASDE - 525 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Million Acres Area Planted 102.5 109.8 109.9 109.9 Area Harvested 91.1 96.6 97.9 98.2 Metric Tons Yield per Harvested Acre 3.55 2.96 3.79 3.76 Million Metric Tons Beginning Stocks 32.3 27.8 23.6 23.5 Production 323.6 285.8 371.5 369.2 Imports 2.7 6.5 2.9 3.1 Supply, Total 358.6 320.1 398.1 395.8 Feed and Residual 119.8 115.5 137.7 140.7 Food Seed & Industrial 169.9 160.4 170.1 169.6 Domestic, Total 289.7 275.9 307.8 310.3 Exports 41.0 20.7 41.7 41.1 Use, Total 330.7 296.6 349.4 351.5 Ending Stocks 27.8 23.5 48.6 44.4 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 27.8 23.5 48.6 44.4 Outstanding Loans 1.1 0.8 1.3 1.3 CORN 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Million Acres Area Planted 91.9 97.2 95.3 95.4 Area Harvested 84.0 87.4 87.2 87.7 Bushels Yield per Harvested Acre 147.2 123.4 160.4 158.8 Million Bushels Beginning Stocks 1,128 989 824 821 Production 12,360 10,780 13,989 13,925 Imports 29 162 30 35 Supply, Total 13,517 11,932 14,842 14,781 Feed and Residual 4,557 4,335 5,200 5,300 Food, Seed & Industrial 2/ 6,428 6,044 6,400 6,400 Ethanol & by-products 3/ 5,000 4,648 4,950 5,000 Domestic, Total 10,985 10,379 11,600 11,700 Exports 1,543 731 1,450 1,450 Use, Total 12,528 11,111 13,050 13,150 Ending Stocks 989 821 1,792 1,631 CCC Inventory 0000 Free Stocks 989 821 1,792 1,631 Outstanding Loans 41 32 50 50 Avg. Farm Price ($/bu) 4/ 6.22 6.89 4.05 - 4.75 4.10 - 4.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. January 2014 WASDE - 525 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.5 6.2 8.1 8.1 Area Harvested (mil. acres) 3.9 5.0 6.7 6.5 Yield (bushels/acre) 54.6 49.8 62.2 59.6 Beginning Stocks 27 23 15 15 Production 214 247 416 389 Imports 01 0 0 0 Supply, Total 242 279 431 404 Feed and Residual 71 93 100 125 Food, Seed & Industrial 85 95 120 100 Total Domestic 156 188 220 225 Exports 63 76 180 160 Use, Total 219 264 400 385 Ending Stocks 23 15 31 19 Avg. Farm Price ($/bu) 2/ 5.99 6.33 3.75 - 4.45 3.90 - 4.50 Filler Filler Filler Filler Filler BARLEY 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 3.6 3.5 3.5 Area Harvested (mil. acres) 2.2 3.2 3.0 3.0 Yield (bushels/acre) 69.6 67.9 71.7 71.7 Beginning Stocks 89 60 80 80 Production 156 220 215 215 Imports 16 23 25 25 Supply, Total 261 304 320 320 Feed and Residual 38 59 75 65 Food, Seed & Industrial 155 155 155 155 Total Domestic 193 214 230 220 Exports 9 9 10 10 Use, Total 201 223 240 230 Ending Stocks 60 80 80 90 Avg. Farm Price ($/bu) 2/ 5.35 6.43 5.70 - 6.30 5.75 - 6.25 Filler Filler Filler Filler Filler OATS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 3.0 3.0 Area Harvested (mil. acres) 0.9 1.0 1.0 1.0 Yield (bushels/acre) 57.1 61.3 64.0 64.0 Beginning Stocks 68 55 36 36 Production 54 64 66 66 Imports 94 93 95 95 Supply, Total 215 212 197 197 Feed and Residual 82 98 80 85 Food, Seed & Industrial 76 76 77 77 Total Domestic 158 174 157 162 Exports 2122 Use, Total 160 176 159 164 Ending Stocks 55 36 38 33 Avg. Farm Price ($/bu) 2/ 3.49 3.89 3.40 - 3.80 3.45 - 3.75 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. January 2014 WASDE - 525 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Million Acres Area Planted 2.69 2.70 2.49 2.49 Area Harvested 2.62 2.68 2.46 2.47 Filler Pounds Yield per Harvested Acre 7,067 7,449 7,660 7,694 Million Hundredweight Beginning Stocks 2/ 48.5 41.1 36.4 36.4 Production 184.9 199.5 188.7 189.9 Imports 19.4 21.1 21.0 21.0 Supply, Total 252.8 261.7 246.2 247.3 Domestic & Residual 3/ 110.8 118.2 116.0 120.0 Exports, Total 4/ 100.9 107.1 100.0 99.0 Rough 32.9 34.2 35.0 35.0 Milled (rough equiv.) 67.9 72.9 65.0 64.0 Use, Total 211.7 225.3 216.0 219.0 Ending Stocks 41.1 36.4 30.2 28.3 Avg. Milling Yield (%) 5/ 69.93 70.00 70.25 70.25 Avg. Farm Price ($/cwt) 6/ 14.50 14.90 15.40 - 16.40 15.30 - 16.30 Total LONG-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Harvested Acres (mil.) 1.74 1.98 1.77 Yield (pounds/acre) 6,691 7,285 7,464 Beginning Stocks 35.6 24.3 21.9 21.9 Production 116.4 144.2 129.0 131.9 Supply, Total 7/ 168.9 187.2 169.4 172.3 Domestic & Residual 3/ 78.0 89.2 84.0 88.0 Exports 8/ 66.7 76.1 68.0 67.0 Use, Total 144.7 165.3 152.0 155.0 Ending Stocks 24.3 21.9 17.4 17.3 Avg. Farm Price ($/cwt) 6/ 13.40 14.40 14.80 - 15.80 14.80 - 15.80 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Harvested Acres (mil.) 0.88 0.70 0.70 Yield (pounds/acre) 7,812 7,912 8,272 Beginning Stocks 10.1 14.7 12.2 12.2 Production 68.6 55.4 59.7 58.0 Supply, Total 7/ 81.7 72.2 74.4 72.7 Domestic & Residual 3/ 32.8 29.0 32.0 32.0 Exports 8/ 34.2 31.0 32.0 32.0 Use, Total 67.0 60.0 64.0 64.0 Ending Stocks 14.7 12.2 10.4 8.7 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 16.70 16.80 - 17.80 16.30 - 17.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year be ginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2011/12-2.7; 2012/13-2.1; 2013/14-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the di fference in brokens between beginning and ending stocks. 4/ Incl udes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and brok en rice produced divi ded by the quantity of rough rice milled. Data supplied by the USA Rice Federation. The 2012/13 milling yield is calculated using the previous five-year Olympic average-- 20 08/09-2012/13. 6/ Marketing-year weighted average price rece ived by farmers. 7/ Includ es imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largel y reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the cr op year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.75 per cwt from 2008/09 through 2011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. January 2014 WASDE - 525 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Filler Filler Filler Filler Filler Million Acres Area Planted 75.0 77.2 76.5 76.5 Area Harvested 73.8 76.2 75.7 75.9 Filler Bushels Yield per Harvested Acre 41.9 39.8 43.0 43.3 Million Bushels Beginning Stocks 215 169 141 141 Production 3,094 3,034 3,258 3,289 Imports 16 36 25 25 Supply, Total 3,325 3,239 3,423 3,454 Crushings 1,703 1,689 1,690 1,700 Exports 1,365 1,320 1,475 1,495 Seed 90 89 87 87 Residual - 2 12 22 2 Use, Total 3,155 3,099 3,274 3,304 Ending Stocks 169 141 150 150 Avg. Farm Price ($/bu) 2/ 12.50 14.40 11.50 - 13.50 11.75 - 13.25 Total SOYBEAN OIL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. De cember Januar y Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,425 2,540 1,705 1,705 Production 19,740 19,820 19,435 19,840 Imports 149 196 250 200 Supply, Total 22,314 22,556 21,390 21,745 Domestic Disappearance 18,310 18,686 18,550 18,550 Biodiesel 3/ 4,874 4,617 5,200 5,200 Food, Feed & other Industrial 13,436 14,069 13,350 13,350 Exports 1,464 2,164 1,150 1,450 Use, Total 19,774 20,851 19,700 20,000 Ending stocks 2,540 1,705 1,690 1,745 Avg. Price (c/lb) 2/ 51.90 47.13 38.00 - 42.00 35.50 - 39.50 Total SOYBEAN MEAL 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Decembe r Januar y Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 350 300 275 275 Production 41,025 39,875 40,160 40,360 Imports 216 245 165 165 Supply, Total 41,591 40,420 40,600 40,800 Domestic Disappearance 31,548 29,031 29,800 29,800 Exports 9,743 11,114 10,500 10,700 Use, Total 41,291 40,145 40,300 40,500 Ending Stocks 300 275 300 300 Avg. Price ($/s.t.) 2/ 393.53 468.11 400.00 - 440.00 415.00 - 455.00 Total Note: Totals may not add due to rounding. Re liability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. January 2014 WASDE - 525 - 16 U.S. Sugar Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,378 1,979 2,154 2,160 Production 2/ 8,485 8,982 8,878 8,778 Beet Sugar 4,895 5,078 5,025 5,025 Cane Sugar 3,590 3,904 3,853 3,753 Florida 1,828 1,866 1,833 1,833 Hawaii 172 179 180 180 Louisiana 1,440 1,686 1,700 1,600 Texas 150 173 140 140 Imports 3,631 3,224 3,184 3,184 TRQ 3/ 1,883 957 1,319 1,319 Other Program 4/ 664 136 110 110 Other 5/ 1,084 2,131 1,755 1,755 Mexico 1,071 2,124 1,745 1,745 Total Supply 13,494 14,185 14,216 14,122 Exports 269 274 250 250 Deliveries 11,246 11,751 11,991 11,991 Food 6/ 11,073 11,486 11,490 11,490 Other 7/ 173 265 501 501 Miscellaneous 0000 Total Use 11,515 12,025 12,241 12,241 Ending Stocks 8/ 1,979 2,160 1,975 1,881 Stocks to Use Ratio 17.2 18.0 16.1 15.4 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data". 2/ Production projections for 2013/14 are based on Crop Production and processor projections where appropriate. 3/ For 2012/13, WTO TRQ shortfall (566). For 2013/14, WTO TRQ shortfall (250). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2011/12, other high-tier (13) and other (0). For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and othe r (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2012/13 Est. Dec 966 6,975 217 4,726 1,972 1,460 2012/13 Est. Jan 966 6,975 217 4,726 1,972 1,460 2013/14 Proj. Dec 1,460 6,695 226 4,790 2,622 969 2013/14 Proj. Jan 1,460 6,695 226 4,790 2,622 969 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2012/13 = 1,105; Oct 2012 = 99; Oct 2013 = 75. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2012/13 (375 est), 2013/14 (384 proj). January 2014 WASDE - 525 - 17 U.S. Cotton Supply and Use 1/ 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj. Dec Jan Filler Filler Filler Filler Filler Area Million Acres Planted 14.74 12.31 10.34 10.41 Harvested 9.46 9.37 7.78 7.66 Filler Pounds Yield per Harvested Acre 790 887 806 826 Million 480 Pound Bales Beginning Stocks 2.60 3.35 3.90 3.90 Production 15.57 17.32 13.07 13.19 Imports 0.02 0.01 0.01 0.01 Supply, Total 18.19 20.68 16.98 17.10 Domestic Use 3.30 3.50 3.60 3.60 Exports, Total 11.71 13.03 10.40 10.50 Use, Total 15.01 16.53 14.00 14.10 Unaccounted 2/ -0.17 0.25 -0.02 0.00 Ending Stocks 3.35 3.90 3.00 3.00 Avg. Farm Price 3/ 88.3 72.5 70.0 - 78.0 72.0 - 77.0 Total Note: Reliability calculations at end of report. 1/ Upland an d extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. January 2014 WASDE - 525 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 198.98 697.27 149.32 146.87 697.31 157.78 198.94 United States 23.47 54.41 3.05 4.42 32.11 28.61 20.21 Total Foreign 175.52 642.86 146.27 142.45 665.20 129.18 178.73 Major Exporters 4/ 31.58 208.88 7.98 65.50 149.54 71.63 27.27 Argentina 4.11 15.50 0.01 0.10 5.95 12.93 0.74 Australia 8.18 29.91 0.12 3.20 6.51 24.66 7.05 Canada 7.36 25.29 0.49 4.70 9.85 17.35 5.93 European Union 5/ 11.93 138.18 7.37 57.50 127.23 16.69 13.56 Major Importers 6/ 89.45 188.58 80.31 38.28 261.77 7.70 88.88 Brazil 1.85 5.80 7.34 0.50 11.20 2.04 1.75 China 59.09 117.40 2.93 24.00 122.50 0.98 55.95 Sel. Mideast 7/ 7.78 17.70 16.31 3.93 34.08 1.33 6.39 N. Africa 8/ 12.19 18.31 24.90 3.48 40.87 0.44 14.09 Pakistan 3.17 25.00 0.05 0.40 23.10 1.10 4.02 Southeast Asia 9/ 4.00 0.00 17.41 3.98 16.02 0.73 4.66 Selected Other 0.00 India 15.36 86.87 0.02 3.10 81.40 0.89 19.95 FSU-12 23.61 115.03 8.02 27.90 79.87 39.77 27.03 Russia 13.74 56.24 0.55 15.50 38.00 21.63 10.90 Kazakhstan 2.88 22.73 0.01 2.60 7.60 11.84 6.18 Ukraine 3.34 22.32 0.08 6.10 14.95 5.44 5.36 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 198.94 656.45 144.86 136.23 679.26 137.83 176.13 United States 20.21 61.67 3.34 10.56 38.27 27.42 19.54 Total Foreign 178.73 594.77 141.52 125.67 640.99 110.42 156.60 Major Exporters 4/ 27.27 193.04 5.89 58.49 142.43 63.80 19.97 Argentina 0.74 9.50 0.01 0.20 6.10 3.55 0.59 Australia 7.05 22.46 0.14 3.40 6.74 18.66 4.24 Canada 5.93 27.21 0.48 4.39 9.59 18.98 5.06 European Union 5/ 13.56 133.88 5.26 50.50 120.00 22.62 10.08 Major Importers 6/ 88.88 187.36 79.14 35.29 264.61 6.48 84.30 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 6.39 17.34 20.43 2.65 34.17 0.70 9.28 N. Africa 8/ 14.09 17.23 22.16 2.38 41.44 0.60 11.45 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.66 0.00 15.76 3.04 15.68 0.77 3.98 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 27.03 77.46 7.45 20.81 71.65 25.93 14.37 Russia 10.90 37.72 1.40 11.90 33.55 11.29 5.18 Kazakhstan 6.18 9.84 0.01 1.80 6.60 6.70 2.72 Ukraine 5.36 15.76 0.05 3.30 11.80 7.19 2.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2014 WASDE - 525 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 175.83 711.42 151.75 138.77 704.47 156.92 182.78 Jan 176.13 712.66 152.70 136.32 703.39 158.58 185.40 United States Dec 19.54 57.96 4.35 8.44 36.28 29.94 15.64 Jan 19.54 57.96 4.35 6.80 34.69 30.62 16.55 Total Foreign Dec 156.29 653.46 147.40 130.33 668.19 126.98 167.15 Jan 156.60 654.70 148.35 129.52 668.71 127.96 168.85 Major Exporters 4/ Dec 19.97 218.12 5.12 59.80 143.55 72.00 27.65 Jan 19.97 217.40 5.12 58.80 142.55 72.50 27.43 Argentina Dec 0.59 11.00 0.01 0.10 6.05 4.50 1.05 Jan 0.59 10.50 0.01 0.10 6.05 4.00 1.05 Australia Dec 4.24 26.50 0.12 3.20 6.55 19.50 4.81 Jan 4.24 26.50 0.12 3.20 6.55 19.50 4.81 Canada Dec 5.06 37.50 0.49 5.00 10.20 23.00 9.85 Jan 5.06 37.50 0.49 5.00 10.20 23.00 9.85 European Union 5/ Dec 10.08 143.12 4.50 51.50 120.75 25.00 11.95 Jan 10.08 142.90 4.50 50.50 119.75 26.00 11.73 Major Importers 6/ Dec 84.28 193.37 84.91 35.61 267.82 5.08 89.66 Jan 84.30 194.37 85.46 35.51 268.02 5.06 91.06 Brazil Dec 1.00 4.75 7.70 0.60 11.40 0.50 1.55 Jan 1.00 4.75 7.70 0.60 11.40 0.50 1.55 China Dec 53.94 121.00 8.50 25.00 125.50 1.00 56.94 Jan 53.96 122.00 8.50 25.00 125.50 1.00 57.96 Sel. Mideast 7/ Dec 9.28 18.89 19.01 3.08 35.44 0.64 11.10 Jan 9.28 18.89 19.06 3.08 35.44 0.64 11.15 N. Africa 8/ Dec 11.45 20.61 22.40 2.68 42.46 0.58 11.43 Jan 11.45 20.61 22.90 2.68 42.66 0.58 11.73 Pakistan Dec 2.62 24.00 0.90 0.60 24.00 0.50 3.02 Jan 2.62 24.00 0.90 0.60 24.00 0.50 3.02 Southeast Asia 9/ Dec 3.98 0.00 16.10 2.66 15.82 0.77 3.49 Jan 3.98 0.00 15.90 2.56 15.72 0.74 3.42 Selected Other India Dec 24.20 92.46 0.01 3.50 89.97 6.50 20.20 Jan 24.20 92.46 0.02 3.50 89.98 6.50 20.20 FSU-12 Dec 14.27 104.06 7.11 23.85 74.30 34.75 16.39 Jan 14.37 105.02 6.98 23.94 74.48 35.25 16.64 Russia Dec 5.18 51.50 0.50 13.50 35.00 16.00 6.18 Jan 5.18 52.10 0.50 13.50 35.00 16.50 6.28 Kazakhstan Dec 2.72 15.50 0.01 2.50 7.30 8.00 2.93 Jan 2.72 15.50 0.01 2.50 7.30 8.00 2.93 Ukraine Dec 2.18 22.00 0.10 3.50 11.50 10.00 2.78 Jan 2.18 22.00 0.10 3.50 11.50 10.00 2.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2014 WASDE - 525 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 166.29 1,151.28 128.12 657. 68 1,152.08 146.69 165.49 United States 32.29 323.73 2.88 119.88 290.05 41.03 27.82 Total Foreign 134.00 827.56 125.24 537.80 862.04 105.66 137.67 Major Exporters 4/ 24.96 154.42 2.13 74.77 101.71 60.65 19.15 Argentina 5.68 30.11 0.01 6.85 10.51 23.86 1.43 Australia 1.54 12.26 0.00 4.36 5.94 6.92 0.94 Brazil 10.61 75.88 1.09 45.54 53.74 24.34 9.51 Canada 3.55 22.92 0.90 13.04 20.28 3.70 3.40 Major Importers 5/ 37.24 229.53 92.00 235.22 313.27 7.81 37.70 European Union 6/ 16.73 149.88 6.95 113.24 151.46 6.53 15.58 Japan 1.18 0.18 17.73 13.18 17.99 0.00 1.09 Mexico 2.04 25.69 12.81 21.42 37.99 0.69 1.86 N. Afr & Mideast 7/ 10.51 28.01 25.01 44.26 51.83 0.23 11.47 Saudi Arabia 1.65 0.45 10.53 9.13 9.50 0.00 3.13 Southeast Asia 8/ 3.05 25.08 6.75 23.96 31.87 0.36 2.65 South Korea 1.64 0.21 7.73 5.73 8.03 0.00 1.54 Selected Other 0.00 China 50.13 199.30 7.92 132.40 196.99 0.13 60.23 FSU-12 5.50 78.67 1.05 38.67 54.38 24.61 6.22 Russia 1.88 33.08 0.41 18.10 27.73 5.82 1.81 Ukraine 2.15 33.48 0.10 11.70 15.56 17.74 2.42 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2/ Export s Endin g Stock s World 3/ 165.49 1,132.75 127.36 666. 76 1,135.76 123.35 162.48 United States 27.82 286.01 6.70 115.61 276.27 20.73 23.53 Total Foreign 137.67 846.75 120.65 551.14 859.49 102.62 138.95 Major Exporters 4/ 19.15 169.26 1.83 75.28 103.63 62.92 23.69 Argentina 1.43 37.05 0.01 7.49 11.85 24.41 2.23 Australia 0.94 11.17 0.00 3.33 5.01 6.38 0.72 Brazil 9.51 83.77 1.16 46.34 55.09 25.03 14.31 Canada 3.40 24.43 0.53 13.05 20.28 4.99 3.09 Major Importers 5/ 37.70 227.68 91.56 238.79 317.67 8.09 31.17 European Union 6/ 15.58 145.90 11.84 114.48 153.50 7.36 12.46 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 11.47 27.18 23.13 45.38 52.67 0.08 9.03 Saudi Arabia 3.13 0.45 10.73 10.65 11.23 0.00 3.07 Southeast Asia 8/ 2.65 24.82 7.81 25.06 32.97 0.14 2.18 South Korea 1.54 0.21 8.27 6.49 8.60 0.00 1.42 Selected Other 0.00 China 60.23 212.92 5.60 146.15 212.27 0.11 66.37 FSU-12 6.22 69.06 0.78 36.01 50.88 19.94 5.24 Russia 1.81 28.66 0.31 16.40 25.13 4.30 1.35 Ukraine 2.42 29.53 0.08 10.83 14.56 15.00 2.47 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. January 2014 WASDE - 525 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 164.41 1,256.08 138.04 727. 25 1,223.57 143.63 196.92 Jan 162.48 1,259.20 136.91 731. 83 1,227.74 142.97 193.94 United States Dec 23.59 371.72 3.12 137.80 308.15 41.66 48.63 Jan 23.53 369.43 3.25 140.83 310.67 41.15 44.40 Total Foreign Dec 140.82 884.36 134.92 589.45 915.42 101.97 148.29 Jan 138.95 889.77 133.67 591.00 917.07 101.82 149.55 Major Exporters 4/ Dec 25.62 162.59 1.87 79.90 110.23 55.51 24.34 Jan 23.69 162.04 1.87 79.92 110.28 55.41 21.91 Argentina Dec 2.23 35.36 0.01 7.60 12.46 22.61 2.53 Jan 2.23 34.81 0.01 7.60 12.46 22.51 2.08 Australia Dec 0.69 12.19 0.00 4.46 6.14 5.65 1.09 Jan 0.72 12.19 0.00 4.49 6.16 5.65 1.09 Brazil Dec 16.26 72.81 1.21 48.36 58.13 20.01 12.14 Jan 14.31 72.81 1.21 48.36 58.16 20.01 10.16 Canada Dec 3.09 28.74 0.55 14.34 21.94 5.23 5.21 Jan 3.09 28.74 0.55 14.34 21.94 5.23 5.21 Major Importers 5/ Dec 31.20 245.88 97.06 249.43 329.77 9.93 34.44 Jan 31.17 246.30 97.31 250.63 330.97 9.58 34.23 European Union 6/ Dec 12.46 158.30 9.38 117.45 157.07 9.26 13.81 Jan 12.46 158.71 9.38 118.45 158.07 8.76 13.73 Japan Dec 0.98 0.19 18.54 13.92 18.73 0.00 0.97 Jan 0.98 0.19 18.54 13.92 18.73 0.00 0.97 Mexico Dec 1.61 29.44 12.25 22.72 39.99 0.15 3.16 Jan 1.62 29.44 12.25 22.72 39.99 0.30 3.03 N. Afr & Mideast 7/ Dec 9.08 30.96 23.48 47.02 54.49 0.29 8.74 Jan 9.03 30.96 23.48 47.12 54.59 0.29 8.60 Saudi Arabia Dec 3.07 0.35 11.90 11.03 11.60 0.00 3.72 Jan 3.07 0.35 11.90 11.03 11.60 0.00 3.72 Southeast Asia 8/ Dec 2.18 26.37 7.97 26.07 34.07 0.24 2.21 Jan 2.18 26.37 8.22 26.17 34.17 0.24 2.36 South Korea Dec 1.42 0.21 9.09 7.05 9.32 0.00 1.40 Jan 1.42 0.21 9.09 7.05 9.32 0.00 1.40 Selected Other China Dec 66.36 217.78 11.58 159.25 227.18 0.13 68.41 Jan 66.37 223.78 10.08 159.75 227.68 0.13 72.42 FSU-12 Dec 5.25 87.02 0.86 41.43 58.05 26.74 8.33 Jan 5.24 86.56 0.86 41.30 57.73 26.74 8.19 Russia Dec 1.35 35.60 0.35 19.60 29.60 5.11 2.59 Jan 1.35 35.05 0.35 19.40 29.20 5.11 2.44 Ukraine Dec 2.46 38.97 0.08 12.53 16.65 20.68 4.18 Jan 2.47 38.97 0.08 12.53 16.65 20.68 4.19 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Thailand, and Vietnam. January 2014 WASDE - 525 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning Stocks Productio nImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 129.30 885.99 99.92 507.05 882.52 116.97 132.76 United States 28.64 313.95 0.75 115.74 279.03 39.18 25.12 Total Foreign 100.65 572.04 99.17 391.31 603.49 77.79 107.64 Major Exporters 4/ 17.82 106.76 0.79 52.75 68.20 43.30 13.88 Argentina 4.13 21.00 0.01 4.80 7.00 17.15 0.99 Brazil 10.28 73.00 0.77 43.00 50.50 24.34 9.21 South Africa 3.42 12.76 0.01 4.95 10.70 1.81 3.68 Major Importers 5/ 13.29 117.47 58.04 121.09 169.14 4.35 15.32 Egypt 1.27 5.50 7.15 9.70 11.70 0.01 2.22 European Union 6/ 5.22 68.12 6.11 54.00 69.50 3.29 6.67 Japan 0.62 0.00 14.89 10.40 14.90 0.00 0.61 Mexico 1.11 18.73 11.17 13.20 29.00 0.69 1.32 Southeast Asia 7/ 3.05 25.03 6.74 23.90 31.80 0.36 2.64 South Korea 1.59 0.07 7.64 5.69 7.82 0.00 1.48 Selected Other 0.00 Canada 1.26 11.36 0.87 6.40 11.64 0.49 1.37 China 49.42 192.78 5.23 131.00 188.00 0.09 59.34 FSU-12 1.90 34.12 0.33 13.95 16.42 17.49 2.45 Ukraine 1.12 22.84 0.05 6.50 7.80 15.16 1.05 2012/13 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 132.76 862.95 98.22 515.55 862.73 95.22 132.98 United States 25.12 273.83 4.13 110.12 263.64 18.58 20.86 Total Foreign 107.64 589.11 94.09 405.43 599.08 76.64 112.12 Major Exporters 4/ 13.88 119.87 0.84 54.00 70.40 46.10 18.08 Argentina 0.99 26.50 0.01 5.00 7.60 19.00 0.90 Brazil 9.21 81.00 0.80 44.00 52.00 25.00 14.01 South Africa 3.68 12.37 0.03 5.00 10.80 2.10 3.17 Major Importers 5/ 15.32 111.14 56.71 119.25 168.11 2.86 12.20 Egypt 2.22 5.80 5.00 9.70 11.70 0.01 1.31 European Union 6/ 6.67 58.86 11.35 53.00 69.30 2.19 5.38 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 24.76 7.79 25.00 32.90 0.13 2.17 South Korea 1.48 0.08 8.17 6.45 8.38 0.00 1.36 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 202.00 0.08 65.57 FSU-12 2.45 32.40 0.32 15.62 18.19 15.00 1.97 Ukraine 1.05 20.92 0.05 6.80 8.10 12.73 1.20 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Ma laysia, Philippines, Thailand, and Vietnam. January 2014 WASDE - 525 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / Exports Ending Stocks World 3/ Dec 134.90 964.28 107.87 566.84 936.73 112.16 162.46 Jan 132.98 966.92 106.75 569.50 939.66 111.31 160.23 United States Dec 20.92 355.33 0.76 132.09 294.65 36.83 45.53 Jan 20.86 353.72 0.89 134.63 297.19 36.83 41.44 Total Foreign Dec 113.98 608.95 107.11 434.75 642.07 75.33 116.93 Jan 112.12 613.20 105.86 434.88 642.47 74.48 118.79 Major Exporters 4/ Dec 20.08 109.00 0.84 56.10 74.00 40.00 15.91 Jan 18.08 108.00 0.84 56.10 74.00 39.00 13.91 Argentina Dec 0.90 26.00 0.01 5.00 8.00 18.00 0.91 Jan 0.90 25.00 0.01 5.00 8.00 17.00 0.91 Brazil Dec 16.01 70.00 0.80 46.00 55.00 20.00 11.81 Jan 14.01 70.00 0.80 46.00 55.00 20.00 9.81 South Africa Dec 3.17 13.00 0.03 5.10 11.00 2.00 3.19 Jan 3.17 13.00 0.03 5.10 11.00 2.00 3.19 Major Importers 5/ Dec 12.17 118.68 61.95 125.30 175.63 3.40 13.79 Jan 12.20 118.43 62.70 125.90 176.23 3.55 13.57 filler filler filler filler filler filler filler Egypt Dec 1.31 5.60 5.70 9.70 11.70 0.01 0.90 Jan 1.31 5.60 5.70 9.70 11.70 0.01 0.90 European Union 6/ Dec 5.38 64.94 9.00 53.50 70.50 3.00 5.81 Jan 5.38 64.69 9.00 53.50 70.50 3.00 5.56 Japan Dec 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Jan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico Dec 1.03 21.70 10.50 14.00 30.50 0.15 2.58 Jan 1.06 21.70 11.00 14.50 31.00 0.30 2.46 Southeast Asia 7/ Dec 2.17 26.32 7.95 26.00 34.00 0.24 2.20 Jan 2.17 26.32 8.20 26.10 34.10 0.24 2.35 South Korea Dec 1.36 0.08 9.00 7.00 9.10 0.00 1.34 Jan 1.36 0.08 9.00 7.00 9.10 0.00 1.34 Selected Other Canada Dec 1.55 14.20 0.50 7.00 12.50 1.50 2.25 Jan 1.55 14.20 0.50 7.00 12.50 1.50 2.25 China Dec 65.56 211.00 7.00 156.00 216.00 0.10 67.46 Jan 65.57 217.00 5.00 156.00 216.00 0.10 71.47 FSU-12 Dec 1.97 46.06 0.32 19.77 22.74 20.84 4.77 Jan 1.97 45.56 0.32 19.27 22.24 20.84 4.77 Ukraine Dec 1.20 30.00 0.05 8.50 10.10 18.00 3.15 Jan 1.20 30.00 0.05 8.50 10.10 18.00 3.15 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2014 WASDE - 525 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 98.64 465.82 35.55 460.04 39.07 104.41 United States 1.51 5.87 0.62 3.49 3.20 1.30 Total Foreign 97.12 459.95 34.93 456.55 35.87 103.11 Major Exporters 4/ 31.36 159.12 0.75 125.93 28.49 36.81 India 23.50 105.31 0.00 93.33 10.38 25.10 Pakistan 0.30 6.20 0.05 2.55 3.46 0.55 Thailand 5.62 20.46 0.60 10.40 6.95 9.33 Vietnam 1.94 27.15 0.10 19.65 7.72 1.83 Major Importers 5/ 12.37 62.21 14.14 76.96 1.21 10.55 Brazil 0.80 7.89 0.73 7.93 0.95 0.54 European Union 6/ 1.22 2.11 1.30 3.30 0.21 1.12 Indonesia 6.18 36.50 1.96 39.55 0.00 5.09 Nigeria 0.54 2.88 3.20 5.60 0.00 1.02 Philippines 2.46 10.71 1.20 12.86 0.00 1.51 Sel. Mideast 7/ 1.13 1.67 3.93 5.78 0.02 0.93 Selected Other 0.00 Burma 0.51 10.82 0.00 10.20 0.69 0.43 C. Amer & Carib 8/ 0.35 1.70 1.52 3.14 0.00 0.43 China 42.57 140.70 1.79 139.60 0.44 45.02 Egypt 0.12 4.25 0.34 3.62 0.60 0.49 Japan 2.71 7.65 0.64 8.05 0.20 2.75 Mexico 0.22 0.11 0.65 0.83 0.00 0.15 South Korea 1.03 4.22 0.38 4.91 0.00 0.73 2012/13 Est. Beginning Stocks Productio n ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 104.41 469.50 36.15 466.79 38.82 107.12 United States 1.30 6.34 0.67 3.75 3.40 1.16 Total Foreign 103.11 463.16 35.49 463.04 35.42 105.96 Major Exporters 4/ 36.81 158.10 0.75 126.70 28.10 40.86 India 25.10 104.40 0.00 93.50 10.90 25.10 Pakistan 0.55 5.80 0.05 2.50 3.30 0.60 Thailand 9.33 20.20 0.60 10.60 6.70 12.83 Vietnam 1.83 27.70 0.10 20.10 7.20 2.33 Major Importers 5/ 10.55 62.60 13.34 76.85 0.95 8.69 Brazil 0.54 7.99 0.70 7.85 0.70 0.68 European Union 6/ 1.12 2.10 1.39 3.35 0.20 1.06 Indonesia 5.09 36.55 0.65 39.20 0.00 3.09 Nigeria 1.02 2.37 2.90 5.40 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.93 1.67 4.58 5.98 0.02 1.18 Selected Other 0.00 Burma 0.43 10.67 0.00 10.20 0.75 0.15 C. Amer & Carib 8/ 0.43 1.57 1.43 3.04 0.00 0.38 China 45.02 143.00 3.10 144.00 0.34 46.78 Egypt 0.49 4.68 0.05 3.90 0.85 0.46 Japan 2.75 7.76 0.70 8.25 0.20 2.75 Mexico 0.15 0.13 0.73 0.84 0.00 0.17 South Korea 0.73 4.01 0.51 4.52 0.00 0.72 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impo rts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Br azil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2014 WASDE - 525 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2013/14 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Dec 106.55 470.60 37.79 472.88 39.76 104.27 Jan 107.12 471.15 37.99 473.08 40.16 105.18 United States Dec 1.16 6.01 0.67 3.69 3.19 0.96 filler filler filler filler filler filler Jan 1.16 6.05 0.67 3.82 3.16 0.90 Total Foreign Dec 105.40 464.59 37.13 469.19 36.58 103.31 filler filler filler filler filler filler Jan 105.96 465.10 37.33 469.26 37.00 104.28 Major Exporters 4/ Dec 40.26 157.20 0.70 129.00 29.00 40.16 Jan 40.86 157.60 0.70 128.80 29.40 40.96 India Dec 25.10 103.00 0.00 95.00 10.00 23.10 Jan 25.10 103.00 0.00 95.00 10.00 23.10 filler filler filler filler filler filler Pakistan Dec 0.30 6.00 0.00 2.80 3.00 0.50 Jan 0.60 6.40 0.00 2.60 3.40 1.00 Thailand Dec 12.53 20.50 0.60 10.70 8.50 14.43 Jan 12.83 20.50 0.60 10.70 8.50 14.73 Vietnam Dec 2.33 27.70 0.10 20.50 7.50 2.13 Jan 2.33 27.70 0.10 20.50 7.50 2.13 Major Importers 5/ Dec 8.69 64.73 13.77 78.27 1.20 7.72 Jan 8.69 64.84 13.97 78.37 1.20 7.93 Brazil Dec 0.68 8.20 0.75 7.85 0.95 0.83 filler filler filler filler filler filler Jan 0.68 8.30 0.75 7.95 0.95 0.83 European Union 6/ Dec 1.06 2.07 1.35 3.40 0.20 0.87 Jan 1.06 2.08 1.35 3.40 0.20 0.88 Indonesia Dec 3.09 37.70 1.50 39.80 0.00 2.49 Jan 3.09 37.70 1.50 39.80 0.00 2.49 Nigeria Dec 0.89 2.77 3.00 6.00 0.00 0.66 Jan 0.89 2.77 3.00 6.00 0.00 0.66 Philippines Dec 1.49 11.64 1.20 12.85 0.00 1.48 Jan 1.49 11.64 1.40 12.85 0.00 1.68 Sel. Mideast 7/ Dec 1.18 1.83 4.30 6.10 0.02 1.19 Jan 1.18 1.83 4.30 6.10 0.02 1.19 Selected Other Burma Dec 0.15 11.00 0.00 10.25 0.75 0.15 Jan 0.15 11.00 0.00 10.25 0.75 0.15 C. Amer & Carib 8/ Dec 0.38 1.66 1.56 3.21 0.00 0.39 Jan 0.38 1.66 1.56 3.21 0.00 0.39 China Dec 46.78 141.50 3.40 146.00 0.35 45.33 Jan 46.78 141.50 3.40 146.00 0.35 45.33 Egypt Dec 0.46 4.85 0.03 4.00 0.85 0.49 Jan 0.46 4.85 0.03 4.00 0.85 0.49 Japan Dec 2.75 7.72 0.70 8.15 0.20 2.82 Jan 2.75 7.72 0.70 8.15 0.20 2.82 Mexico Dec 0.17 0.13 0.75 0.86 0.00 0.19 Jan 0.17 0.13 0.75 0.86 0.00 0.19 South Korea Dec 0.72 4.23 0.41 4.50 0.00 0.86 Jan 0.72 4.23 0.41 4.50 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic incl udes both domestic use and unreported disappear ance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia . 8/ Central American and Caribbean countries. January 2014 WASDE - 525 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2011/12 Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World 50.23 126.64 45.02 102.83 46.04 -0.30 73.32 United States 2.60 15.57 0.02 3.30 11.71 -0.17 3.35 Total Foreign 47.63 111.07 45.00 99.53 34.32 -0.12 69.97 Major Exporters 4/ 27.71 56.96 1.09 28.22 28.84 -0.31 29.00 Central Asia 5/ 2.63 6.81 0.03 2.12 4.21 0.03 3.11 Afr. Fr. Zone 6/ 0.56 3.21 3 / 0.19 2.44 0.00 1.14 S. Hemis 7/ 12.40 16.29 0.16 5.14 10.69 -0.35 13.38 Australia 2.64 5.50 3 / 0.04 4.64 -0.23 3.68 Brazil 7.91 8.70 0.03 4.00 4.79 -0.15 7.99 India 11.80 29.00 0.60 19.40 11.08 0.00 10.92 Major Importers 8/ 18.19 50.96 41.07 67.60 3.35 0.19 39.09 Mexico 0.60 1.18 1.00 1.70 0.34 0.03 0.71 China 10.60 34.00 24.53 38.00 0.06 0.00 31.08 European Union 9/ 0.57 1.60 0.86 0.89 1.39 0.05 0.69 Turkey 1.32 3.44 2.38 5.60 0.30 0.00 1.24 Pakistan 2.52 10.60 0.90 10.00 1.16 0.03 2.84 Indonesia 0.45 0.03 2.30 2.25 0.01 0.05 0.48 Thailand 0.32 3 / 1.26 1.30 0.00 0.03 0.26 Bangladesh 0.84 0.09 3.20 3.30 0.00 0.01 0.82 Vietnam 0.34 0.02 1.63 1.68 0.00 0.00 0.32 2012/13 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2Ending Stocks World 73.32 123.08 45.95 106.37 46.70 0.12 89.17 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 69.97 105.77 45.94 102.87 33.67 -0.13 85.27 Major Exporters 4/ 29.00 53.52 1.61 30.61 29.02 -0.32 24.82 Central Asia 5/ 3.11 7.27 0.01 2.33 5.34 0.03 2.69 Afr. Fr. Zone 6/ 1.14 4.23 3 / 0.19 3.96 0.00 1.23 S. Hemis 7/ 13.38 12.31 0.17 5.17 11.55 -0.35 9.50 Australia 3.68 4.60 3 / 0.04 6.17 -0.23 2.29 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.92 28.50 1.20 21.80 7.75 0.00 11.07 Major Importers 8/ 39.09 49.65 41.53 68.58 2.79 0.19 58.73 Mexico 0.71 1.09 0.95 1.80 0.23 0.03 0.70 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.51 0.93 0.91 1.58 0.05 0.58 Turkey 1.24 2.60 3.69 6.00 0.22 0.00 1.32 Pakistan 2.84 9.30 2.20 11.00 0.45 0.03 2.86 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3/ 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.82 0.11 3.60 3.60 0.00 0.01 0.92 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, r eflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central Afri can Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentin a, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2014 WASDE - 525 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Dec 89.14 116.83 38.50 109.68 38.49 -0.11 96.41 Jan 89.17 117.81 38.45 109.50 38.47 -0.14 97.61 United States Dec 3.90 13.07 0.01 3.60 10.40 -0.02 3.00 Jan 3.90 13.19 0.01 3.60 10.50 0.00 3.00 Total Foreign Dec 85.24 103.76 38.49 106.08 28.09 -0.09 93.41 Jan 85.27 104.62 38.44 105.90 27.97 -0.14 94.61 filler filler filler filler filler filler filler Major Exporters 4/ Dec 24.67 54.57 1.70 31.91 23.82 -0.28 25.49 Jan 24.82 54.72 1.70 31.94 23.67 -0.33 25.96 Central Asia 5/ Dec 2.69 6.83 0.01 2.41 4.60 0.03 2.50 Jan 2.69 6.83 0.01 2.41 4.60 0.03 2.50 Afr. Fr. Zone 6/ Dec 1.23 4.06 3 / 0.19 3.92 0.00 1.18 Jan 1.23 3.98 3 / 0.19 3.77 0.00 1.25 S. Hemis 7/ Dec 9.35 13.64 0.19 5.27 7.42 -0.31 10.79 Jan 9.50 13.86 0.19 5.29 7.45 -0.36 11.17 Australia Dec 2.14 4.50 3 / 0.04 4.00 -0.18 2.77 Jan 2.29 4.50 3 / 0.04 4.00 -0.23 2.97 Brazil Dec 5.80 7.40 0.08 4.20 2.50 -0.15 6.73 Jan 5.80 7.40 0.08 4.20 2.50 -0.15 6.73 India Dec 11.07 29.00 1.10 23.00 7.50 0.00 10.67 Jan 11.07 29.00 1.10 23.00 7.50 0.00 10.67 filler filler filler filler filler filler filler Major Importers 8/ Dec 58.84 46.64 33.79 70.45 2.40 0.19 66.23 Jan 58.73 47.35 33.71 70.25 2.43 0.19 66.93 Mexico Dec 0.70 0.79 1.20 1.90 0.15 0.03 0.62 Jan 0.70 0.79 1.10 1.85 0.10 0.03 0.62 China Dec 50.36 32.00 11.00 36.00 0.05 0.00 57.31 Jan 50.36 33.00 11.00 36.00 0.05 0.00 58.31 European Union 9/ Dec 0.58 1.43 0.90 0.91 1.37 0.05 0.58 Jan 0.58 1.45 0.90 0.91 1.39 0.05 0.58 Turkey Dec 1.42 2.25 4.10 6.20 0.19 0.00 1.39 Jan 1.32 2.25 4.10 6.20 0.15 0.00 1.32 Pakistan Dec 2.86 10.00 2.50 11.70 0.40 0.03 3.24 Jan 2.86 9.70 2.50 11.50 0.50 0.03 3.04 Indonesia Dec 0.50 0.03 2.70 2.65 0.01 0.05 0.53 Jan 0.50 0.03 2.70 2.65 0.01 0.05 0.53 Thailand Dec 0.27 3 / 1.60 1.55 0.01 0.03 0.29 Jan 0.27 3 / 1.65 1.60 0.01 0.03 0.29 Bangladesh Dec 0.92 0.12 3.70 3.80 0.00 0.01 0.93 Jan 0.92 0.12 3.70 3.80 0.00 0.01 0.93 Vietnam Dec 0.49 0.02 2.80 2.70 0.00 0.00 0.61 Jan 0.49 0.02 2.80 2.70 0.00 0.00 0.61 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. January 2014 WASDE - 525 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 71.80 239.15 93.43 227.83 256.96 92.27 55.15 United States 5.85 84.19 0.44 46.35 48.72 37.15 4.61 Total Foreign 65.94 154.96 92.99 181.48 208.23 55.12 50.54 Major Exporters 3/ 47.33 113.37 0.15 74.94 79.71 49.86 31.27 Argentina 22.87 40.10 0.00 35.89 37.50 7.37 18.10 Brazil 23.64 66.50 0.13 38.08 41.03 36.32 12.92 Paraguay 0.80 4.04 0.02 0.95 1.08 3.57 0.21 Major Importers 4/ 15.84 17.03 83.48 82.16 98.85 0.36 17.13 China 14.56 14.48 59.23 60.97 72.07 0.28 15.92 European Union 0.54 1.22 12.07 12.25 13.23 0.06 0.54 Japan 0.16 0.22 2.76 1.96 3.01 0.00 0.13 Mexico 0.03 0.21 3.61 3.68 3.71 0.00 0.13 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export sEndin g Stock s World 2/ 55.15 268.27 95.17 228.94 258.19 99.85 60.55 United States 4.61 82.56 0.98 45.97 48.42 35.91 3.83 Total Foreign 50.54 185.71 94.19 182.98 209.78 63.94 56.72 Major Exporters 3/ 31.27 143.67 0.42 71.11 76.07 58.04 41.24 Argentina 18.10 49.30 0.00 33.61 35.26 7.74 24.40 Brazil 12.92 82.00 0.40 34.48 37.48 41.90 15.93 Paraguay 0.21 9.37 0.02 3.00 3.23 5.50 0.87 Major Importers 4/ 17.13 15.49 84.17 86.64 103.18 0.39 13.23 China 15.92 13.05 59.87 64.95 76.18 0.27 12.39 European Union 0.54 1.00 12.40 12.74 13.64 0.09 0.20 Japan 0.13 0.22 2.87 1.92 3.00 0.00 0.22 Mexico 0.13 0.25 3.35 3.65 3.69 0.00 0.05 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c Total Exports Endin g Stock s World 2/ Dec 60.18 284.94 105.12 240.47 270.87 108.77 70.62 Jan 60.55 286.83 105.20 240.36 270.92 109.32 72.33 United States Dec 3.83 88.66 0.68 45.99 48.96 40.14 4.07 Jan 3.83 89.51 0.68 46.27 49.24 40.69 4.09 Total Foreign Dec 56.36 196.28 104.44 194.48 221.91 68.62 66.54 Jan 56.72 197.32 104.52 194.09 221.69 68.63 68.24 Major Exporters 3/ Dec 41.07 154.62 0.12 79.33 84.43 62.24 49.14 Jan 41.24 155.62 0.17 78.90 84.01 62.24 50.79 Argentina Dec 24.40 54.50 0.00 39.00 40.70 9.70 28.50 Jan 24.40 54.50 0.00 38.30 40.00 9.70 29.20 Brazil Dec 15.76 88.00 0.10 37.00 40.10 44.00 19.76 Jan 15.93 89.00 0.15 37.28 40.38 44.00 20.70 Paraguay Dec 0.87 9.00 0.02 3.30 3.53 5.50 0.86 Jan 0.87 9.00 0.02 3.30 3.53 5.50 0.86 Major Importers 4/ Dec 13.03 14.83 93.92 89.91 106.66 0.34 14.78 Jan 13.23 14.83 93.92 89.91 106.81 0.34 14.83 China Dec 12.19 12.20 69.00 68.35 79.50 0.23 13.66 Jan 12.39 12.20 69.00 68.35 79.65 0.23 13.71 European Union Dec 0.20 1.13 12.30 12.23 13.15 0.08 0.40 Jan 0.20 1.13 12.30 12.23 13.15 0.08 0.39 Japan Dec 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Jan 0.22 0.21 2.86 2.02 3.09 0.00 0.20 Mexico Dec 0.05 0.28 3.65 3.85 3.89 0.00 0.09 Jan 0.05 0.28 3.65 3.85 3.89 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. The refore, world supply may not equal world use. 3/ Argentina, Brazil, Pa raguay, and Uruguay. 4/ China, Eur opean Union, Japan, Mexico, and Sou theast Asia (includes Indonesia, Malaysia, Phili ppines, Vietnam, and Thailand). January 2014 WASDE - 525 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 8.52 180.20 56.74 177.21 58.31 9.93 United States 0.32 37.22 0.20 28.62 8.84 0.27 Total Foreign 8.20 142.98 56.55 148.59 49.47 9.66 Major Exporters 3/ 5.01 65.14 0.04 18.39 45.11 6.68 Argentina 2.43 27.95 0.00 0.96 26.04 3.38 Brazil 2.44 29.51 0.03 14.10 14.68 3.20 India 0.14 7.68 0.01 3.33 4.39 0.11 Major Importers 4/ 1.79 13.76 34.48 47.59 0.95 1.49 European Union 0.58 9.67 20.87 29.87 0.89 0.37 Southeast Asia 5/ 0.92 2.60 11.33 13.88 0.06 0.91 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.93 180.44 53.96 176.75 57.16 10.42 United States 0.27 36.17 0.22 26.34 10.08 0.25 Total Foreign 9.66 144.27 53.74 150.42 47.08 10.17 Major Exporters 3/ 6.68 60.57 0.04 18.97 40.97 7.35 Argentina 3.38 26.09 0.00 1.07 23.67 4.73 Brazil 3.20 26.72 0.03 14.20 13.24 2.51 India 0.11 7.76 0.01 3.70 4.06 0.11 Major Importers 4/ 1.49 14.30 30.85 44.89 0.59 1.15 European Union 0.37 10.19 16.93 26.88 0.54 0.08 Southeast Asia 5/ 0.91 2.66 12.15 14.66 0.05 1.00 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalE xports Endin g Stock s World 2/ Dec 10.54 189.85 59.52 186.32 62.31 11.28 Jan 10.42 189.76 59.56 186.29 62.30 11.15 United States Dec 0.25 36.43 0.15 2 7 . 0 39 . 5 30 . 2 7 Jan 0.25 36.61 0.15 2 7 . 0 39 . 7 10 . 2 7 Total Foreign Dec 10.29 153.41 59.37 159.29 52.79 11.00 Jan 10.17 153.14 59.41 159.26 52.59 10.87 Major Exporters 3/ Dec 7.48 66.64 0.03 19.76 46.55 7.84 Jan 7.35 66.34 0.03 19.75 46.25 7.72 Argentina Dec 4.73 30.36 0.00 1.19 29.40 4.50 Jan 4.73 29.85 0.00 1.18 28.90 4.50 Brazil Dec 2.64 28.68 0.03 14.50 13.60 3.24 Jan 2.51 28.89 0.03 14.50 13.80 3.13 India Dec 0.11 7.60 0.01 4.07 3.55 0.10 Jan 0.11 7.60 0.01 4.07 3.55 0.10 Major Importers 4/ Dec 1.15 14.07 35.58 4 8 . 5 30 . 7 71 . 5 0 Jan 1.15 14.07 35.58 4 8 . 5 30 . 7 71 . 5 0 European Union Dec 0.08 9.83 20.60 2 9 . 4 30 . 7 00 . 3 7 Jan 0.08 9.83 20.60 2 9 . 4 30 . 7 00 . 3 7 Southeast Asia 5/ Dec 1.00 2.72 12.75 1 5 . 4 00 . 0 71 . 0 0 Jan 1.00 2.72 12.75 1 5 . 4 00 . 0 71 . 0 0 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. January 2014 WASDE - 525 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2011/12 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.73 42.56 8.03 41.93 8.49 3.90 United States 1.10 8.95 0.07 8.31 0.66 1.15 Total Foreign 2.63 33.60 7.97 33.63 7.82 2.75 Major Exporters 3/ 0.94 16.38 0.39 10.41 6.41 0.88 Argentina 0.30 6.84 0.00 3.02 3.79 0.33 Brazil 0.38 7.31 0.00 5.40 1.89 0.41 European Union 0.27 2.23 0.39 1.99 0.74 0.15 Major Importers 4/ 0.76 13.01 3.64 16.13 0.20 1.09 China 0.20 10.91 1.50 11.94 0.06 0.62 India 0.24 1.71 1.17 2.75 0.01 0.36 North Africa 5/ 0.32 0.39 0.97 1.43 0.13 0.11 2012/13 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.90 42.78 8.48 42.33 9.31 3.52 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.75 33.79 8.39 33.85 8.33 2.75 Major Exporters 3/ 0.88 15.30 0.40 9.47 6.51 0.61 Argentina 0.33 6.36 0.09 2.28 4.24 0.27 Brazil 0.41 6.62 0.01 5.54 1.25 0.24 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.09 13.76 3.75 17.02 0.21 1.37 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.73 1.09 2.95 0.00 0.23 North Africa 5/ 0.11 0.40 1.25 1.52 0.12 0.12 2013/14 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 3.53 44.82 8.78 44.54 9.08 3.51 Jan 3.52 44.93 8.76 44.47 9.24 3.50 United States Dec 0.77 8.82 0.11 8.41 0.52 0.77 Jan 0.77 9.00 0.09 8.41 0.66 0.79 Total Foreign Dec 2.76 36.00 8.67 36.13 8.56 2.75 Jan 2.75 35.93 8.67 36.06 8.58 2.71 Major Exporters 3/ Dec 0.63 16.76 0.34 10.34 6.72 0.67 Jan 0.61 16.68 0.34 10.26 6.72 0.65 Argentina Dec 0.27 7.44 0.04 2.83 4.57 0.35 Jan 0.27 7.31 0.04 2.75 4.57 0.30 Brazil Dec 0.27 7.10 0.00 5.74 1.45 0.18 Jan 0.24 7.15 0.00 5.74 1.45 0.20 European Union Dec 0.10 2.22 0.30 1.77 0.70 0.15 Jan 0.10 2.22 0.30 1.77 0.70 0.15 Major Importers 4/ Dec 1.37 14.35 4.03 18.26 0.19 1.30 Jan 1.37 14.35 4.03 18.26 0.19 1.30 China Dec 1.02 12.25 1.47 13.65 0.06 1.02 Jan 1.02 12.25 1.47 13.65 0.06 1.02 India Dec 0.23 1.70 1.23 3.00 0.00 0.16 Jan 0.23 1.70 1.23 3.00 0.00 0.16 North Africa 5/ Dec 0.12 0.41 1.33 1.61 0.13 0.12 Jan 0.12 0.41 1.33 1.61 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d Eurpoean Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. January 2014 WASDE - 525 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk 4 / Million Pounds Mil doz Bil lbs 2012 Annual 25,913 23,253 49,439 37,039 5,967 43,523 92,963 7,753 200.3 2013 I 6,172 5,777 12,016 9,143 1,459 10,726 22,742 1,939 50.5 II 6,517 5,519 12,103 9,466 1,486 11,087 23,190 1,965 52.0 III 6,608 5,624 12,299 9,682 1,440 11,264 23,563 1,989 49.4 IV 6,420 6,275 12,762 9,460 1,425 11,005 23,767 2,025 49.4 Annual Dec Proj. 25,677 23,220 49,163 37,766 5,835 44,122 93,285 7,933 201.6 Jan Est. 25,717 23,195 49,180 37,751 5,810 44,082 93,262 7,918 201.3 2014 I* 5,830 5,885 11,779 9,425 1,390 10,940 22,719 1,975 51.0 II* 6,235 5,580 11,879 9,825 1,480 11,445 23,324 2,005 52.6 III* 6,225 5,755 12,043 9,925 1,500 11,565 23,608 2,015 50.7 IV* 6,030 6,360 12,454 9,725 1,525 11,380 23,834 2,065 51.3 Annual Dec Proj. 24,205 23,905 48,365 38,900 5,915 45,350 93,715 8,065 205.3 Jan Proj. 24,320 23,580 48,155 38,900 5,895 45,330 93,485 8,060 205.6 * Projection. 1/ Commercial production for red meat s; federally inspected for poultry meats. 2/ Beef, pork, veal and la mb & mutton. 3/ Broile rs, turkeys and mature chicken. 4/ Milk production fo recasts reflect changes in available data published by the National Agricultural Stati stics Service in its monthly Milk Production report beginning April 2013. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2012 Annual 122.86 60.88 86.6 105.6 117.4 18.53 2013 I 125.52 59.03 103.5 96.0 126.9 19.50 II 124.95 65.46 108.6 97.7 109.9 19.57 III 122.30 70.59 93.9 99.9 119.0 19.53 IV 130.77 61.11 92.8 105.4 143.0 21.37 Annual Dec Proj. 125.82 64.40 99.4 99.3 123.6 19.90-20.00 Jan Est. 125.89 64.05 99.7 99.8 124.7 19.99 2014 I* 130-136 61-63 92-96 96-100 116-120 22.45-22.85 II* 127-137 64-68 93-99 95-101 104-112 20.80-21.50 III* 129-139 61-67 93-101 98-106 99-107 19.70-20.70 IV* 130-140 55-59 91-99 102-110 123-133 19.40-20.40 Annual Dec Proj. 128-137 59-63 91-98 97-104 107-115 19.70-20.50 Jan Proj. 129-138 60-64 92-99 98-104 110-118 20.60-21.40 *Projection. 1/ Simple averag e of months. 2/ 5-Area, Direct, Total all grades 3/ National Base , Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. January 2014 WASDE - 525 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capit a 2/ 3/ Million Pounds /4 Beef 2012 600 25,996 2,220 28,815 2,453 608 25,755 57.4 2013 Est. Dec 608 25,760 2,254 28,622 2,504 550 25,568 56.5 Jan 608 25,800 2,254 28,662 2,534 595 25,533 56.5 2014 Proj. Dec 550 24,288 2,265 27,103 2,310 525 24,268 53.3 Jan 595 24,403 2,285 27,283 2,335 525 24,423 53.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2012 542 23,270 802 24,613 5,381 625 18,608 45.9 2013 Est. Dec 625 23,237 876 24,738 4,974 600 19,164 47.0 Jan 625 23,212 876 24,713 4,974 600 19,139 46.9 2014 Proj. Dec 600 23,922 880 25,402 5,180 600 19,622 47.8 Jan 600 23,597 880 25,077 5,180 600 19,297 47.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2012 1,162 49,553 3,175 53,890 7,844 1,259 44,787 104.5 2013 Est. Dec 1,259 49,276 3,301 53,836 7,486 1,177 45,173 104.7 Jan 1,259 49,293 3,301 53,853 7,516 1,222 45,115 104.6 2014 Proj. Dec 1,177 48,478 3,309 52,964 7,502 1,151 44,311 102.2 Jan 1,222 48,268 3,329 52,819 7,527 1,151 44,141 101.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2012 590 36,643 111 37,344 7,274 651 29,419 80.4 2013 Est. Dec 651 37,362 119 38,132 7,391 675 30,066 81.6 Jan 651 37,347 119 38,117 7,416 700 30,001 81.4 2014 Proj. Dec 675 38,484 112 39,271 7,550 665 31,056 83.7 Jan 700 38,484 112 39,296 7,550 665 31,081 83.7 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2012 211 5,889 24 6,124 798 296 5,030 16.0 2013 Est. Dec 296 5,759 22 6,076 767 290 5,019 15.9 Jan 296 5,734 22 6,052 767 255 5,030 15.9 2014 Proj. Dec 290 5,915 20 6,225 780 295 5,150 16.2 Jan 255 5,895 20 6,170 780 295 5,095 16.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2012 803 43,049 137 43,989 8,162 948 34,879 97.8 2013 Est. Dec 948 43,641 143 44,732 8,268 968 35,496 98.7 Jan 948 43,601 143 44,692 8,293 960 35,439 98.6 2014 Proj. Dec 968 44,933 134 46,035 8,440 963 36,632 101.1 Jan 960 44,913 134 46,007 8,440 963 36,604 101.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2012 1,965 92,601 3,312 97,879 16,006 2,207 79,666 202.3 2013 Est. Dec 2,207 92,917 3,444 98,568 15,754 2,145 80,669 203.5 Jan 2,207 92,895 3,444 98,545 15,809 2,182 80,554 203.2 2014 Proj. Dec 2,145 93,411 3,443 98,999 15,942 2,114 80,943 203.3 Jan 2,182 93,181 3,463 98,826 15,967 2,114 80,745 202.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2014 WASDE - 525 - 33 U.S. Egg Supply and Use Commodity 2011 2012 2013 Proj. 2013 Est. 2014 Proj. 2014 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 19.3 27.7 20.8 20.8 25.0 25.0 Production 7,658.0 7,753.0 7,933.2 7 ,918.2 8,065.0 8,060.0 Imports 20.9 18.4 17.9 17.9 18.0 18.0 Total Supply 7,698.2 7,799.1 7,971.9 7 ,956.9 8,108.0 8,103.0 Use Exports 276.3 301.7 353.8 358.8 302.0 307.0 Hatching Use 951.8 936.6 956.6 956.6 980.0 985.0 Ending Stocks 27.7 20.8 25.0 25.0 22.0 22.0 Disappearance Total 6,442.3 6,540.1 6,636.5 6 ,616.5 6,804.0 6,789.0 Per Capita (number) 247.8 249.7 251.6 250.8 256.0 255.5 Total U.S. Milk Supply and Use Commodity 2011 2012 2013 Proj. 2013 Est. 2014 Proj. 2014 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 1/ 196.2 200.3 201.6 201.3 205.3 205.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.8 10.9 12.2 12.2 11.8 11.5 Marketings 195.2 199.4 200.7 200.3 204.3 204.7 Imports 3.5 4.1 3.9 3.8 4.0 3.7 Total Cml. Supply 209.5 214.3 216.7 216.4 220.1 219.9 Fat Basis Use Commercial Exports 9.4 8.8 12.1 12.2 10.8 11.2 Ending Commercial Stks 10.9 12.2 11.8 11.5 11.5 11.6 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 189.2 193.3 192.8 192.7 197.8 197.1 Skim-solid Basis Supply Beg. Commercial Stocks 12.2 11.8 12.4 12.4 11.9 11.8 Marketings 195.2 199.4 200.7 200.3 204.3 204.7 Imports 5.3 5.7 5.3 5.2 5.2 5.2 Total Cml. Supply 212.6 216.9 218.3 217.9 221.4 221.6 Skim-solid Basis Use Commercial Exports 32.5 33.3 38.9 38.7 38.4 38.5 Ending Commercial Stks 11.8 12.4 11.9 11.8 12.1 12.0 CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0 Commercial Use 3/ 168.3 171.2 167.5 167.4 170.9 171.1 Filler Million Pounds CCC product net removals 2/ Butter 000000 Cheese 000000 Nonfat Dry Milk 000000 Dry Whole Milk 000000 Total Note: Totals may not add due to rounding . 1/ Milk production forecasts reflect chan ges in available data published by the National Agricultural Statistics Service in its monthly Milk Pr oduction report beginning April 2013. 2/ Includes products exported under the Dairy Export Incentive Pr ogram. 3/ Domestic commercial use only. January 2014 WASDE - 525 - 34 U.S. Dairy Prices Commodity 2011 2012 2013 Proj. 2013 Est. 2014 Proj. 2014 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Pe r Pound Cheese 1.8246 1.7076 1.760- 1.7701.7683 1.690- 1.7701.760- 1.840 Butter 1.9498 1.5943 1.530- 1.5601.5451 1.500- 1.6101.515- 1.625 Nonfat Dry Milk 1.5058 1.3279 1.695- 1.7151.7066 1.715- 1.7751.805- 1.865 Dry Whey 0.5325 0.5935 0.585- 0.5950.5902 0.550- 0.5800.550- 0.580 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 18.37 17.44 17.90- 18.0017.99 17.05- 17.8517.80- 18.60 Class IV 19.04 16.01 18.95- 19.1519.05 19.00- 19.9019.80- 20.70 All Milk 3/ 20.14 18.53 19.90- 20.0019.99 19.70- 20.5020.60- 21.40 1/ Simple average of monthly prices calcu lated by AMS from weekly average dairy pr oduct prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the resp ective classes. All milk price is the simp le average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. January 2014 WASDE - 525 - 35 Note: Tables on pages 35-37 present a record of the January pr ojection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.2 percent. The average difference between the January projection and the final estimate is 3.2 million tons , ranging from 0.0 million to 8.3 million tons . The January projection has been below the estimate 23 times and above 9 times. Reliability of January Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.7 1.2 3.2 0.0 8.3 23 9 U.S. 0.1 0.2 0.0 0.0 0.3 12 9 Foreign 0.8 1.4 3.3 0.1 8.3 23 9 Exports Worl d 5.4 9.2 5.2 0.1 18.4 24 8 U.S. 4.9 8.3 1.3 0.1 3.9 18 14 Foreign 6.6 11.1 4.9 0.3 18.0 26 6 Domestic Use Worl d 1.3 2.2 5.6 0.1 14.7 20 12 U.S. 4.8 8.1 1.1 0.0 3.0 11 20 Foreign 1.3 2.2 5.5 0.6 14.8 21 11 Ending Stocks Worl d 5.0 8.6 5.8 0.2 18.1 21 11 U.S. 9.3 15.7 1.5 0.0 4.6 19 12 Foreign 5.5 9.4 5.0 0.1 16.9 21 11 COARSE GRAINS 2/ Production Worl d 1.2 2.1 9.5 0.0 26.3 23 9 U.S. 0.4 0.8 0.3 0.0 4.6 13 7 Foreign 1.7 2.9 9.3 0.0 26.3 22 10 Exports Worl d 5.7 9.6 4.9 0.2 20.6 23 9 U.S. 11.6 19.6 4.3 0.2 12.4 13 19 Foreign 10.9 18.5 5.3 0.4 23.3 21 11 Domestic Use Worl d 1.1 1.9 7.4 0.0 29.0 16 16 U.S. 3.2 5.5 4.2 0.2 18.8 16 16 Foreign 1.2 2.1 6.9 0.1 22.8 22 10 Ending Stocks Worl d 9.9 16.9 11.8 0.8 31.8 26 6 U.S. 15.4 26.1 5.9 0.0 24.3 19 12 Foreign 12.6 21.4 9.1 0.1 29.6 25 7 RICE, milled Production Worl d 1.7 2.9 4.8 0.0 13.9 26 5 U.S. 1.8 3.0 0.1 0.0 0.3 12 7 Foreign 1.7 2.9 4.8 0.1 13.9 27 5 Exports Worl d 9.5 16.1 1.6 0.0 6.6 24 8 U.S. 7.6 12.9 0.2 0.0 0.6 17 13 Foreign 10.6 18.0 1.5 0.0 6.2 23 9 Domestic Use Worl d 1.3 2.3 3.2 0.0 12.3 23 9 U.S. 7.9 13.5 0.2 0.0 0.5 14 18 Foreign 1.4 2.3 3.2 0.0 12.4 24 8 Ending Stocks Worl d 8.9 15.1 3.8 0.5 14.5 26 6 U.S. 21.8 37.1 0.2 0.0 0.6 17 14 Foreign 9.1 15.4 3.8 0.2 14.0 26 6 1/ Footnotes at end of table. CONTINUED January 2014 WASDE - 525 - 36 Reliability of January Pr ojections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t Larges tBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.6 6.1 4.8 0.0 22.4 19 13 U.S. 1.4 2.4 0.6 0.0 2.5 14 13 Foreign 6.1 10.3 4.8 0.2 22.6 19 13 Exports World 7.1 12.0 2.7 0.1 12.2 19 13 U.S. 8.2 13.9 1.6 0.1 5.0 18 14 Foreign 18.6 31.6 2.6 0.0 11.8 15 17 Domestic Use World 2.7 4.6 3.4 0.1 11.1 17 15 U.S. 3.3 5.7 1.1 0.0 3.6 21 11 Foreign 3.3 5.7 3.2 0.3 12.7 17 15 Ending Stocks World 15.2 25.8 3.6 0.1 18.7 19 13 U.S. 32.1 54.4 1.7 0.1 4.9 8 24 Foreign 17.6 29.8 3.4 0.1 13.8 22 10 COTTON Million 480-Pound Bales Production World 2.6 4.4 1.9 0.0 5.4 21 10 U.S. 0.9 1.6 0.1 0.0 0.3 12 19 Foreign 3.1 5.3 1.9 0.0 5.7 23 8 Exports World 6.7 11.3 1.7 0.1 8.8 17 15 U.S. 11.4 19.3 0.8 0.0 2.7 20 12 Foreign 8.4 14.3 1.3 0.0 8.1 19 13 Domestic Use World 2.7 4.7 2.1 0.4 6.8 17 15 U.S. 5.7 9.7 0.3 0.0 0.9 20 11 Foreign 2.8 4.8 2.0 0.5 6.5 18 14 Ending Stocks World 10.5 17.9 3.7 0.1 11.3 21 11 U.S. 20.7 35.1 0.9 0.2 2.4 9 23 Foreign 11.3 19.2 3.5 0.2 11.6 22 10 1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2014 WASDE - 525 - 37 Reliability of United Stat es January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0.5 0.8 12 0 148 4 2 Exports 12.1 20.6 155 9 384 12 20 Domestic Use 3.2 5.4 151 7 574 16 16 Ending Stocks 17.2 29.2 230 1 986 20 12 SORGHUM Production 1 . 1 1 . 920 5 313 Exports 15.7 26.6 26 0 97 21 9 Domestic Use 11.5 19.6 34 1 148 15 17 Ending Stocks 43.4 73.7 25 1 98 11 21 BARLEY Production 0.5 0.9 1 0 11 12 4 Exports 21.9 37.2 8 0 37 10 20 Domestic Use 6.3 10.7 16 0 70 13 17 Ending Stocks 12.1 20.5 11 1 52 21 11 OATS Production 0 . 2 0 . 400243 Exports 7 0 . 8 1 2 0 . 21077 1 0 Domestic Use 4 . 4 7 . 41 1 13 91 61 6 Ending Stocks 15.8 26.9 13 1 47 19 13 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.5 874 15 2,728 21 11 Exports 10.6 18.0 648 34 2,350 22 10 Domestic Use 2.8 4.7 622 34 2,066 17 15 Ending Stocks 36.1 61.3 63 0 214 13 17 SOYBEAN OIL Million Pounds Production 3.2 5.5 415 7 1,418 22 10 Exports 24.6 41.7 294 0 1,325 18 12 Domestic Use 3.6 6.1 410 25 1,628 20 12 Ending Stocks 19.1 32.4 282 25 1,206 21 11 ANIMAL PROD. 3/ Million Pounds Beef 3.7 6.2 774 9 2,111 22 9 Pork 3.2 5.5 384 5 1,717 18 13 Broilers 1.8 3.1 392 24 1,011 21 10 Turkeys 2.9 4.9 117 2 407 18 13 Million Dozen Eggs 1.5 2.5 80 4 175 19 12 Billion Pounds Milk 1.6 2.7 1.9 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and co tton. Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13. Calendar years 1983 through 2012 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS for 1983-2012. WASDE-525-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture Agricultural Outlook Forum February 20-21, 2014 Crystal Gateway Marriott Hotel Arlington, Virginia The Changing Face of Agriculture USDA’s annual event brings together leadership from throughout the agricultural community to discuss the Changing Face of Agriculture. Session topics include: New Agricultural Census Agriculture Supporting Our Veterans Women in Agriculture Agriculture & Social Media Food Price and Farm Income Outlooks Commodity and Weather Outlooks U.S. Farm Land International Trade Conservation Nutrition & Food Safety Nanotechnology Invasive Pests Know Your Farmer, Know Your Food Agroforestry Climate Variability Rural Economies Disease Challenges & the Citrus Industry Extension’s 100-Year Anniversary www.usda.gov/oce/forum UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Suppl y and Demand Estimates WASDE-525 – January 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Techni cal Information Service (NTIS) at 1-800-999 -6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 533 Approved by the World Agricultural Outlook Board September 11, 2014 WHEAT: Projected U.S. wheat supplies for 2014/15 are raised 10 million bushels with higher expected imports of Hard Red Spring (HRS) from Canada. This reflects higher stocks in Canada as well as the strong shipment pace to date. Domestic use is unchanged, but exports are lowered 25 million bushels with larger global wheat supplies and increased competition. Hard Red Winter (HRW) wheat exports are lowered 15 million bushels due to the slow pace of sales and shipments to date. HRS wheat exports are lowered 10 million bushels with increas ed competition expected from Canada. A 5-million- bushel increase in Soft Red Winter wheat exports is offset by a 5-million-bushel reduction for White wheat. Projected all wheat ending stocks are raised 35 million bushels. The projected range for the 2014/15 season-average farm price is lowered 40 cents at the midpoint to $5.50 to $6.30 per bushel. Global 2014/15 wheat supplies are raised 6.6 million tons with increases in both beginning stocks and production. Beginning stocks are up 2.8 million tons led by a 2-million-ton increase for China. The China increase reflects a 2013/14 reduction in wheat feeding; however, wheat feeding is raised for 2014/15. Both changes are made to better reflect relative prices for wheat and corn in China since summer 2013. Canada beginning stocks are up 0.8 million tons reflecting the latest stocks estimate from Statistics Canada. World production is raised 3.9 million tons to a record 720.0 million. The largest production increases are for EU and Ukraine, up 3.1 million tons and 2.0 million tons, respectively. Both changes reflect updated government data. Australia production is down 0.5 million tons reflecting persistent dryness in the northeas tern growing areas and developing dryness in the more important western and southeastern growing regions. Other major production changes include a 0.4-million-ton increase for Morocco and a 1-million-ton reduction for Algeria. Global wheat consumption for 2014/15 is raised 3.2 million tons mostly reflecting the higher feed use expected for China. Wheat feeding is also raised 0.5 million tons for Iran. Global wheat trade is raised with the largest import increases for Algeria, Pakistan, and Iran. Exports are raised 1.0 million tons each for Canada, EU, and Ukraine all due to larger supplies. Exports are raised 0.5 million tons each for Brazil and Kazakhstan also because of large supplies. Despite record projected consumption, global wheat supplies rise faster than use, boosting ending stocks 3.4 million tons to 196.4 million. COARSE GRAINS: Projected 2014/15 U.S. feed grain supplies are raised this month with higher forecast corn production. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. The corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn supplies for 2014/15 are projected at 15,607 million bushels, up 826 million bushels from the previous record in 2013/14. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks. Feed and residual use for 2014/15 is projected 75 million bushels higher this month with the larger crop and lower prices. Projected food, seed, and industrial use is raised 70 million bushels with increases expected for both ethanol and sweeteners. Increases are supported by the reduced corn price outlook and higher production of these corn-based products in recent months. Corn exports are projected 25 million bushels higher with lower prices and reduced competition expected from South America late r in the marketing year. Projected U.S. corn ending stocks are raised 194 million bushels to 2,002 million and would be the highest since 2004/05. WASDE-533-2 The projected season-average corn farm price is lowered 40 cents at the midpoint to $3.20 to $3.80 per bushel. Other notable supply and use changes this month include higher projected sorghum exports for both 2013/14 and 2014/15 and an increase in expected barley imports. The 2014/15 season-average farm price for sorghum is projected 35 cents lower at the midpoint to $3.00 to $3.60 per bushel, but the price outlooks for barley and oats are raised reflecting higher-than-expected prices for malting barley and oats reported during the summer months of their June-May marketing year. Global coarse grain supplies for 2014/15 are projected 4.0 million tons higher, despite a 7.9-million-ton reduction in foreign coarse grain production. In addition to the higher forecast U.S. corn production, higher foreign beginning stocks also offset the reduction in foreign output. Most of the increase in beginning stocks reflects lower 2013/14 EU corn and barley use and higher corn imports. Adding to available EU grain supplies for 2014/15 is a combined increase of 2.1 million tons in corn and barley output. Brazil corn production is also raised 1.0 million tons for 2014/15 with a month-to-month increase in expected area reflecting the higher area and production reported for 2013/14. Serbia corn production is raised 0.3 million tons for 2014/15. Corn production for 2014/15 is reduced elsewhere with the largest reduction for China where output is expected down 5 million tons based on persistent summer dryness in key growing areas of the North China Plain and Northeast. Argentina corn production is lowered 3.0 million tons for 2014/15 with lower expected plantings, but higher reported yields boost 2013/14 production 1.0 million tons. Hot, dry conditions in Ukraine and Russia reduce 2014/15 corn production prospects by 1.0 million tons and 0.5 million tons, respectively. Other coarse grain production changes for 2014/15 include a 0.6-million-ton reduction in Argentina sorghum and a 0.5-million-ton reduction in Argentina barley. Barley production is also reduced for Algeria, Australia, and Azerbaijan. A 0.8-million-ton increase in Ukraine barley and a 0.2-million-ton increase in Canada barley, combined with the higher EU output, boost global barley production 0.5 million tons. Global coarse grain consumption for 2014/15 is raised 2.3 million tons as higher U.S. consumption is partly offset by a reduction in foreign corn use. Higher expected corn exports for the United States, EU, and Serbia mostly offset an expected reduction for Argentina. Higher 2013/14 Argentina and Brazil local marketing-year (March 2014-February 2015) exports are expected to limit opportunities for U.S. exports during the early months of the 2014/15 U. S. marketing year (September-August); however, lower year-to-year 2014/15 production and exports for Argentina and Brazil are expected to reduce competition for U.S. shipments during the second half of the 2014/15 September-August marketing year. Global corn ending stocks for 2014/15 are projected 2.1 million tons higher with reductions for China, Argentina, and Russia more than offset by the larger stocks for the United States and Brazil. RICE: U.S. 2014/15 rice supplies are lowered 11.5 million cwt because of declines in both beginning stocks and production, while imports are unchanged from a month ago. U.S. rice production for 2014/15 is forecast at 218.3 million cwt, down 10.5 m illion from last month due both to a decrease in area harvested and yield. Harvested area is estimated at 2.91 million acres, down 116,000 from last month. Harvested area estimates are lowered for Arkansas and California; raised in Louisiana, Mississippi, and Texas; and unchanged in Missouri. Medium-grain harvested area in California is lowered 65,000 acres to 390,000 acres, down 120,000 acres from last year. The average all rice yield is estimated at 7,501 pounds per acre, down 59 pounds per acre from last month, with decreases in Louisiana, Missouri, and Texas, partially offset by an increase in California. Long-grain rice production is forecast at 158.3 million cwt, down 11.1 million from last month, and combined medium- and short- grain production is forecast at 60.0 million cwt, up 0.6 million. All rice beginning stocks for 2014/15 are lowered 0.9 million cwt from last month to 31.8 million (rough equivalent basis) based on USDA’s August Rice Stocks report. All rice 2014/15 domestic consumption and residual is lowered 3.0 million cwt to 131.0 million due mainly to lower supplies. Exports are forecast at 102.0 million cwt, down 7 million from last month. All rice ending sto cks are lowered 1.5 million cwt to 38.1 million. WASDE-533-3 All rice domestic and residual use for 2013/14 is raised 1.9 million cwt to 124.9 million, up 5.3 percent from 2012/13 based mostly on the ending stocks data. The 2013/14 export projection is lowered 0.8 million cwt to 92.7 million based on data from the U. S. Census Bureau for the full marketing year. The 2014/15 long-grain season-average farm price range is projected at $12.50 to $13.50 per cwt, up 50 cents per cwt on both ends of the range from last month compared to $15.40 per cwt for 2013/14. The combined medium- and short-grain farm price range is projected at $17.25 to $18.25 per cwt, down 25 cents per cwt on both ends of the range from last month compared to a revised $18.50 per cwt for 2013/14. The all rice season-average farm price is forecast at $13.90 to $14.90 per cwt, up 10 cents per cwt from a month ago compared to $16.10 per cwt for 2013/14. Projected global 2014/15 rice ending stocks are reduced slightly on lower supplies. Global rice production is projected at a record 477.0 million tons, down 0.4 million from last month, primarily due to smaller crops forecast for North and South Korea and the United States. Global beginning stocks are lowered slightly, due mostly to a reduction in Thailand. The Thailand 2013/14 export forecast is raised 0.5 million tons to 9.5 million. Global 2014/15 rice c onsumption is lowered a little from last month. Global exports are lowered slightly from a month ago on a decrease for the United States, which is partially offset by increases for Australia and Guyana. Global 2014/15 ending stocks are projected at 105.1 million tons, down 268,000 tons from last month, and a decline of 4.8 million from the previous year. Ending stocks are lowered for Thailand, South Korea, and the United States and raised for Australia, Guyana, and India. OILSEEDS: U.S. oilseed production for 2014/15 is projected at 116.2 million tons, up 2.5 million from last month. Higher soybean production is only partly offset by reductions for peanuts and cottonseed. Soybean production is projected at a record 3,913 million bushels, up 97 million due to a higher yield forecast. Soybean exports are raised 25 million bushels to 1,700 million mainly due to increased supplies. Soybean crush is raised 15 million bushels to a record 1,770 million mostly on increased soybean meal exports, which are raised on record high new-crop export sales. Domestic use of soybean meal is raised in line with a small increase for 2013/14. Soybean ending stocks are projected at 475 million bushels which would be the highest since 2006/07. Changes for 2013/14 include higher soybean exports and crush and reduced ending stocks. Exports are increased 5 million bushels to a record 1,645 million based on reported trade through July and indications from August export inspections. Crus h is increased 5 million bushels to 1,730 million. Ending stocks are projected at 130 million bushels, dow n 10 million from last month. Other changes for 2013/14 include increased soybean meal imports and domestic disappearance, lower soybean meal exports, and increased soybean oil exports. Soybean and product prices are all projected lower for 2014/15. The U.S. season-average soybean price is projected at $9.00 to $11.00 per bushel, down 35 cents on both ends of the range. Soybean meal prices are projected at $330 to $370 per short ton, down $10.00 on both ends of the range. Soybean oil prices are projected at 34 to 38 cents per pound, down 1 cent on both ends of the range. Global oilseed production for 2014/15 is projected at a record 528.0 million tons, up 6.2 million from last month. Soybeans account for most of the change. In addition to the United States, projected soybean production is increased for Brazil and Argentina where relative prices favor soybeans over corn. Brazil soybean production is raised 3 million tons to 94 million and Argentina is raised 1 million tons to 55 million. Rapeseed production is raised for the EU reflecting exceptional weather across much of the northern producing areas. Mostly offsetting gains for the EU, rapeseed production for Canada is reduced to reflect lower yields reported by Statistics Canada. Other changes include higher sunflowerseed production for the EU, lower sunflowerseed production for Argentina and Bolivia, lower peanut production for China and India, higher India cottonseed production, and increased palm oil production for Malaysia. WASDE-533-4 Global oilseed trade for 2014/15 is raised 1.8 million tons to 134.0 million mainly reflecting soybean exports for the United States and Brazil. Soybean imports are raised 1 million tons for China to 74 million and for several other countries including the EU, Japan, and Vietnam. Global oilseed crush is projected higher on increased supplies and lower prices. Global oilseed stocks are projected higher mainly on higher soybean stocks in Argentina, Brazil, the United States, and China. SUGAR: For the United States, sugar imports from Mexico for 2013/14 are increased by 82,000 short tons, raw value (STRV) based on pace to date through August and 50,000 expected to enter in September, the last month of the fiscal year. Im ports for re-export programs are increased by 60,000 STRV to 270,000 based on pace to date. Total imports are estimated at 3.787 million STRV. Because there are no other changes for 2013/14, ending stocks are increased by the total addition to imports to 1.893 million STRV, implying a stocks-to-use ratio of 15.2 percent. For 2014/15, beginning stocks are higher by 142,000 STRV. The 2014/15 beet sugar production is increased by 50,000 STRV based on a processor-reported 3.3 percent sugarbeet yield increase over last month’s yield. Tariff-rate quota (TRQ) sugar imports are forecast higher by 116,000 STRV due to provision for additional specialty sugar imports made when USDA established the TRQ on September 2. Imports from Mexico for 2014/15 are reduced by 117,000 STRV to 1.088 million. With no changes to sugar use, ending stocks are projected residually at 1.028 million STRV, implying an ending stocks-to-use ratio of 8.5 percent. For Mexico, 2013/14 sugar exports are increased by 100,000 metric tons (MT) with an additional 70,000 exported to the United States for a total of 1.828 million and 30,000 exported to other countries for a total of 680,000. With no other changes, endings stocks for 2013/14 are estimated down by 100,000 MT to 614,000. The resulting 14.6 percent stocks-to-consumption ratio implies a tight market until the full start of the 2014/15 harvest in mid-December. For 2014/15, there are no changes to projections for imports, production, or deliveries. Ending stocks at 947,000 MT are held the same as last month to 22.0 percent of 2014/15 human consum ption of 4.306 million. Exports are projected residually at 1.516 million MT. Exports to non-U.S. destinations based on contracts are still at 585,000 MT, implying exports to the United States at 931,000 MT, down 100,000 MT from last month. Given U.S.-world raw sugar price margins close to or over 10 cents per pound, the preliminary countervailing duties determined by the U.S. Department of Commerce at about 15 percent are not high enough to discourage exports to the United States. LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2014 and 2015 are reduced from last month. For 2014, beef production is down as supplies of cattle coming out of feedlots have been below expectations. However, this is partly offset by higher expected dressed weights as lower feed costs and reduced heifer and cow slaughter boost weights. Pork production is marginally lower as higher dressed weights are more than offset by a reduction in slaughter. USDA will release the Quarterly Hogs and Pigs report on September 26, providing an estimate of farrowing intentions into early 2015. Broiler production is increased as hatchery data shows stronger increases in the number of eggs set and chicks placed. Turkey production is slightly higher based on production data to date. Egg production reflects actual data for the second quarter, but no changes are made to the forecasts. For 2015, beef production is cut as lower placements of cattle in the second half of 2014 are expected to reduce supplies of fed cattle in 2015 despite heavier carcass weights. Pork production is higher on heavier dressed weights. Broiler production is raised as expected favorable returns support further expansion by producers. The egg production forecast is increased. Forecasts for 2014 and 2015 beef imports are higher due to tight cull cow supplies and strong consumer demand for processing grade beef. Beef exports for 2014 and 2015 are unchanged. Pork trade is unchanged for 2014 and 2015. Broiler exports are unchanged for 2014, but the 2015 forecast is raised as greater supplies and lower prices boost exports. Turkey export forecasts are raised for 2014 and 2015. WASDE-533-5 The cattle price forecast for 2014 is raised from last month on tightness in supplies of fed cattle. The price forecast for 2015 is unchanged. Hog price forecasts for 2014 and 2015 are lowered from last month as recent lower price levels are expected to carry into next year. Broiler price forecasts for 2014 and 2015 are lowered as supplies increase. The turkey price forecast for 2014 is raised based on recent price data, with the forecast for 2015 unchanged. Egg price forecasts for 2014 and 2015 are virtually unchanged. The milk production forecast for 2014 is raised on growth in output per cow, but the forecast for 2015 is unchanged. Export forecasts for 2014 and 2015 are lowered as higher forecast U.S. prices for butter and cheese make those products less competitive in world markets and sales of a number of other dairy products are limited as well. Skim-solids and fat-basis imports are raised for both 2014 and 2015 as supplies in competing exporters are expected to be large while U.S. prices remain relatively high. Butter and cheese price forecasts are raised for 2014 with strength in both expected to continue into the first part of 2015. Nonfat dry milk prices are forecast lower in 2014 and 2015. The forecast whey price is unchanged for 2014 but is lowered fractionally for 2015. Class III prices for 2014 and 2015 are raised. The Class IV price is higher in 2014 but reduced in 2015. The all milk price is raised to $23.80 to $24.00 per cwt for 2014, and is lowered for 2015 to $19.40 to $20.40 per cwt. COTTON: Revisions to the monthly forecasts of 2014/15 U.S. cotton beginning stocks, production, and exports result in lower ending stocks relative to last month’s estimate. Beginning stocks are adjusted based on reported stocks in public storage as of July 31, 2014, which are significantly less than the calculation of supply minus use for 2013/14. Production for the 2014 crop is reduced nearly 1.0 million bales, as USDA’s second crop survey of the season shows reductions mainly for Texas, Georgia, and Arkansas. Domestic mill use is unchanged. Exports are reduced 700,000 bales on lower domestic supplies and reduced foreign import demand. Ending stocks are now forecast at 5.2 million bales, equivalent to 38 percent of total use. The forecast range for the marketing-year average farm price of 58 to 70 cents per pound is lowered 2 cents on the upper end, with a midpoint of 64 cents. This month’s world 2014/15 forecasts include a larger supply and lower offtake, resulting in an increase of 1.2 million bales in world ending stocks. Beginning stocks are raised mainly in China and India, partially offset by decreases for several countries, including the United States. Production is raised for India, the African Franc Zone, and Turkey but is reduced for the United States, Argentina, and Uzbekistan. A reassessment of trade data for Pakistan points to lower consumption beginning in 2012/13 and accounts for most of this season’s decrease in global consumption from last month; however, world consumption is still expected to grow nearly 4 percent in 2014/15. In addition to lower imports for Pakistan, imports are reduced for India and Turkey, based on higher forecast production, but are raised for Vietnam. Exports are reduced mainly for the United States, Uzbekistan, and India. Approved by the Secretary of Agriculture and the Acting Chairman of the World Agricultural Outlook Board, Seth Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JOSEPH W. GLAUBER SECRETARY OF AGRICULTURE DESIGNATE WASDE-533-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Stephanie Riche, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Roger Ho skin, ERS; Paul Kiendl, F AS; Milton Madison, FSA. For 2014, the WASDE report release dates are: Jan 10, Feb 10, Mar 10, Apr 9, May 9, Jun 11, Jul 11, Aug 12, Sep 11, Oct 10, Nov 10, Dec 10 WASDE-533-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 September 2014 WASDE - 533 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2267.12 2739.26 299.49 2284.35 454.90 2013/14 (Est.) 2466.78 2921.68 369.23 2415.19 506.49 filler filler filler filler filler 2014/15 (Proj.) Aug 2461.25 2962.46 340.28 2442.00 520.46 2014/15 (Proj.) Sep 2466.12 2972.62 343.50 2447.29 525.32 filler filler filler filler filler Wheat 2012/13 658.16 855.02 137.36 679.42 175.60 2013/14 (Est.) 714.05 889.65 166.31 703.20 186.45 filler filler filler filler filler 2014/15 (Proj.) Aug 716.09 899.75 151.80 706.79 192.96 2014/15 (Proj.) Sep 719.95 906.39 154.83 710.01 196.38 filler filler filler filler filler Coarse Grains 5/ 2012/13 1137.25 1305.77 122.88 1136.41 169.36 2013/14 (Est.) 1276.67 1446.02 162.02 1235.94 210.08 filler filler filler filler filler 2014/15 (Proj.) Aug 1267.81 1475.23 147.24 1253.13 222.11 2014/15 (Proj.) Sep 1269.19 1479.27 147.53 1255.46 223.81 filler filler filler filler filler Rice, milled 2012/13 471.71 578.48 39.25 468.52 109.95 2013/14 (Est.) 476.06 586.01 40.90 476.04 109.97 filler filler filler filler filler 2014/15 (Proj.) Aug 477.35 587.48 41.24 482.09 105.39 2014/15 (Proj.) Sep 476.98 586.95 41.15 481.83 105.13 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 354.01 414.00 51.63 318.14 44.23 2013/14 (Est.) 433.51 486.26 89.70 346.82 49.75 filler filler filler filler filler 2014/15 (Proj.) Aug 435.42 493.60 77.56 347.67 68.38 2014/15 (Proj.) Sep 444.33 502.85 77.54 351.22 74.09 filler filler filler filler filler Wheat 2012/13 61.67 85.22 27.54 38.14 19.54 2013/14 (Est.) 57.96 82.09 32.01 34.03 16.05 filler filler filler filler filler 2014/15 (Proj.) Aug 55.24 75.64 25.17 32.41 18.05 2014/15 (Proj.) Sep 55.24 75.91 24.49 32.41 19.01 filler filler filler filler filler Coarse Grains 5/ 2012/13 286.01 320.47 20.70 276.23 23.53 2013/14 (Est.) 369.43 396.17 54.70 308.80 32.67 filler filler filler filler filler 2014/15 (Proj.) Aug 372.86 408.92 48.90 310.97 49.06 2014/15 (Proj.) Sep 382.12 418.26 49.79 314.62 53.86 filler filler filler filler filler Rice, milled 2012/13 6.34 8.31 3.39 3.77 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Aug 7.32 9.04 3.49 4.29 1.27 2014/15 (Proj.) Sep 6.98 8.67 3.26 4.19 1.22 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2014 WASDE - 533 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.10 2,325.26 247.86 1,966.21 410.68 2013/14 (Est.) 2,033.27 2,435.42 279.53 2,068.37 456.75 filler filler filler filler filler 2014/15 (Proj.) Aug 2,025.83 2,468.86 262.72 2,094.33 452.09 2014/15 (Proj.) Sep 2,021.79 2,469.77 265.96 2,096.07 451.23 filler filler filler filler filler Wheat 2012/13 596.49 769.79 109.82 641.28 156.06 2013/14 (Est.) 656.09 807.56 134.29 669.18 170.40 filler filler filler filler filler 2014/15 (Proj.) Aug 660.85 824.11 126.63 674.38 174.91 2014/15 (Proj.) Sep 664.71 830.48 130.34 677.60 177.38 filler filler filler filler filler Coarse Grains 5/ 2012/13 851.24 985.30 102.18 860.18 145.83 2013/14 (Est.) 907.23 1,049.85 107.32 927.14 177.41 filler filler filler filler filler 2014/15 (Proj.) Aug 894.95 1,066.31 98.34 942.16 173.05 2014/15 (Proj.) Sep 887.08 1,061.01 97.74 940.84 169.95 filler filler filler filler filler Rice, milled 2012/13 465.38 570.17 35.87 464.76 108.79 2013/14 (Est.) 469.95 578.01 37.91 472.05 108.94 filler filler filler filler filler 2014/15 (Proj.) Aug 470.03 578.44 37.76 477.80 104.13 2014/15 (Proj.) Sep 470.00 578.28 37.88 477.63 103.91 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 122.95 196.41 46.74 106.52 89.82 2013/14 (Est.) 118.70 208.52 40.95 107.99 100.30 2014/15 (Proj.) Aug 117.64 217.60 36.29 112.60 105.08 2014/15 (Proj.) Sep 118.01 218.31 35.18 112.12 106.29 United States 2012/13 17.32 20.68 13.03 3.50 3.90 2013/14 (Est.) 12.91 16.82 10.53 3.55 2.45 2014/15 (Proj.) Aug 17.50 20.11 10.70 3.80 5.60 2014/15 (Proj.) Sep 16.54 19.00 10.00 3.80 5.20 Foreign 4/ 2012/13 105.63 175.74 33.71 103.02 85.92 2013/14 (Est.) 105.79 191.70 30.42 104.44 97.85 2014/15 (Proj.) Aug 100.14 197.49 25.59 108.80 99.48 2014/15 (Proj.) Sep 101.48 199.31 25.18 108.32 101.09 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2014 WASDE - 533 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.51 539.96 118.17 396.58 67.30 2013/14 (Est.) 503.12 570.41 133.75 415.54 80.65 2014/15 (Proj.) Aug 521.80 602.73 132.29 426.84 99.53 2014/15 (Proj.) Sep 528.00 608.64 134.04 428.87 103.60 Oilmeals 2012/13 268.41 280.51 78.02 264.29 10.74 2013/14 (Est.) 280.49 291.23 82.55 274.83 12.30 2014/15 (Proj.) Aug 289.22 301.36 86.33 284.51 11.70 2014/15 (Proj.) Sep 290.67 302.97 86.48 284.90 12.59 Vegetable Oils 2012/13 160.56 177.99 68.48 156.78 17.26 2013/14 (Est.) 170.15 187.41 68.30 165.33 18.57 2014/15 (Proj.) Aug 175.84 194.37 70.94 172.06 19.10 2014/15 (Proj.) Sep 176.82 195.39 71.08 172.59 19.33 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.14 100.48 36.87 50.24 5.76 2013/14 (Est.) 97.14 106.30 45.74 51.36 4.97 2014/15 (Proj.) Aug 113.68 120.17 46.64 52.46 13.32 2014/15 (Proj.) Sep 116.20 122.58 47.31 53.05 14.47 Oilmeals 2012/13 38.68 42.41 10.49 31.61 0.31 2013/14 (Est.) 39.69 43.81 10.78 32.69 0.34 2014/15 (Proj.) Aug 40.49 44.42 10.95 33.14 0.34 2014/15 (Proj.) Sep 40.93 44.86 11.17 33.35 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.02 1.16 2013/14 (Est.) 10.49 15.66 1.14 13.44 1.08 2014/15 (Proj.) Aug 10.55 16.02 1.32 13.57 1.13 2014/15 (Proj.) Sep 10.74 15.92 1.33 13.41 1.17 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.37 439.48 81.30 346.35 61.53 2013/14 (Est.) 405.98 464.12 88.01 364.18 75.67 2014/15 (Proj.) Aug 408.13 482.57 85.65 374.38 86.21 2014/15 (Proj.) Sep 411.80 486.06 86.73 375.83 89.13 Oilmeals 2012/13 229.73 238.09 67.54 232.68 10.43 2013/14 (Est.) 240.80 247.42 71.76 242.14 11.96 2014/15 (Proj.) Aug 248.72 256.94 75.38 251.37 11.36 2014/15 (Proj.) Sep 249.74 258.11 75.31 251.55 12.26 Vegetable Oils 2012/13 150.34 162.41 67.09 143.76 16.10 2013/14 (Est.) 159.66 171.75 67.16 151.89 17.49 2014/15 (Proj.) Aug 165.29 178.36 69.62 158.49 17.97 2014/15 (Proj.) Sep 166.08 179.48 69.74 159.18 18.16 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2014 WASDE - 533 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Million Acres Area Planted 55.7 56.2 56.5 56.5 Area Harvested 48.9 45.2 46.2 46.2 Bushels Yield per Harvested Acre 46.3 47.2 43.9 43.9 Million Bushels Beginning Stocks 743 718 590 590 Production 2,266 2,130 2,030 2,030 Imports 123 169 160 170 Supply, Total 3,131 3,016 2,779 2,789 Food 945 951 960 960 Seed 73 77 76 76 Feed and Residual 384 222 155 155 Domestic, Total 1,401 1,250 1,191 1,191 Exports 1,012 1,176 925 900 Use, Total 2,414 2,426 2,116 2,091 Ending Stocks 718 590 663 698 CCC Inventory 00 0 Free Stocks 718 590 698 Outstanding Loans 85 0 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.80 - 6.80 5.50 - 6.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 744 490 565 268 62 2,130 Supply, Total 3/ 1,106 733 710 339 129 3,016 Domestic Use 424 318 313 118 77 1,250 Exports 446 246 283 171 31 1,176 Use, Total 871 564 596 289 107 2,426 Ending Stocks, Total 235 169 114 50 22 590 2014/15 (Proj.) Beginning Stocks 235 169 114 50 22 590 Production 729 529 466 245 61 2,030 Supply, Total 3/ 984 773 602 303 127 2,789 Domestic Use 443 293 266 106 83 1,191 Exports 340 250 145 145 20 900 Use, Total 783 543 411 251 103 2,091 Ending Stocks, Total Sep 201 230 191 52 24 698 Ending Stocks, Total Aug 186 210 196 47 24 663 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. September 2014 WASDE - 533 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Million Acres Area Planted 109.8 109.9 105.2 105.2 Area Harvested 96.6 98.2 94.0 94.0 Metric Tons Yield per Harvested Acre 2.96 3.76 3.96 4.06 Million Metric Tons Beginning Stocks 27.8 23.5 32.8 32.7 Production 285.8 369.2 372.6 381.9 Imports 6.4 3.0 3.0 3.2 Supply, Total 320.1 395.7 408.5 417.8 Feed and Residual 115.5 136.8 138.9 140.8 Food Seed & Industrial 160.3 171.6 171.6 173.4 Domestic, Total 275.8 308.4 310.5 314.2 Exports 20.7 54.7 48.9 49.8 Use, Total 296.5 363.1 359.4 364.0 Ending Stocks 23.5 32.7 49.0 53.9 CCC Inventory 0.0 0.0 Free Stocks 23.5 32.7 Outstanding Loans 0.8 1.3 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Million Acres Area Planted 97.2 95.4 91.6 91.6 Area Harvested 87.4 87.7 83.8 83.8 Bushels Yield per Harvested Acre 123.4 158.8 167.4 171.7 Million Bushels Beginning Stocks 989 821 1,181 1,181 Production 10,780 13,925 14,032 14,395 Imports 160 35 30 30 Supply, Total 11,929 14,781 15,243 15,607 Feed and Residual 4,339 5,175 5,250 5,325 Food, Seed & Industrial 2/ 6,039 6,500 6,460 6,530 Ethanol & by-products 3/ 4,641 5,125 5,075 5,125 Domestic, Total 10,378 11,675 11,710 11,855 Exports 730 1,925 1,725 1,750 Use, Total 11,108 13,600 13,435 13,605 Ending Stocks 821 1,181 1,808 2,002 CCC Inventory 00 Free Stocks 821 1,181 Outstanding Loans 32 50 Avg. Farm Price ($/bu) 4/ 6.89 4.45 3.55 - 4.25 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. September 2014 WASDE - 533 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.2 8.1 7.5 7.5 Area Harvested (mil. acres) 5.0 6.5 6.4 6.4 Yield (bushels/acre) 49.8 59.6 67.1 67.2 Beginning Stocks 23 15 25 20 Production 247 389 429 430 Imports 1 0000 Supply, Total 279 404 455 450 Feed and Residual 93 90 110 100 Food, Seed & Industrial 95 79 120 120 Total Domestic 188 169 230 220 Exports 76 215 190 200 Use, Total 264 384 420 420 Ending Stocks 15 20 35 30 Avg. Farm Price ($/bu) 2/ 6.33 4.25 3.30 - 4.00 3.00 - 3.60 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.6 3.5 3.1 3.1 Area Harvested (mil. acres) 3.2 3.0 2.6 2.6 Yield (bushels/acre) 67.9 71.7 73.2 73.2 Beginning Stocks 60 80 82 82 Production 220 215 193 193 Imports 23 19 25 35 Supply, Total 304 314 300 310 Feed and Residual 59 63 55 65 Food, Seed & Industrial 155 155 154 154 Total Domestic 214 218 209 219 Exports 91 41 01 0 Use, Total 223 232 219 229 Ending Stocks 80 82 81 81 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.35 - 5.15 4.45 - 5.25 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 3.0 3.0 Area Harvested (mil. acres) 1.0 1.0 1.2 1.2 Yield (bushels/acre) 61.3 64.0 67.0 67.0 Beginning Stocks 55 36 25 25 Production 64 66 77 77 Imports 93 97 100 100 Supply, Total 212 199 202 202 Feed and Residual 98 98 90 90 Food, Seed & Industrial 76 75 77 77 Total Domestic 174 173 167 167 Exports 1222 Use, Total 176 175 169 169 Ending Stocks 36 25 33 33 Avg. Farm Price ($/bu) 2/ 3.89 3.75 2.65 - 3.25 2.75 - 3.35 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. September 2014 WASDE - 533 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Million Acres Area Planted 2.70 2.49 3.05 2.93 Area Harvested 2.68 2.47 3.03 2.91 Filler Pounds Yield per Harvested Acre 7,449 7,694 7,560 7,501 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 32.8 31.8 Production 199.5 189.9 228.8 218.3 Imports 21.1 23.1 21.0 21.0 Supply, Total 261.7 249.4 282.6 271.1 Domestic & Residual 3/ 118.6 124.9 134.0 131.0 Exports, Total 4/ 106.6 92.7 109.0 102.0 Rough 34.1 28.6 34.0 34.0 Milled (rough equiv.) 72.5 64.1 75.0 68.0 Use, Total 225.3 217.6 243.0 233.0 Ending Stocks 36.4 31.8 39.6 38.1 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 13.80 - 14.80 13.90 - 14.90 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,285 7,464 Beginning Stocks 24.3 21.9 19.3 16.2 Production 144.2 131.9 169.3 158.3 Supply, Total 7/ 187.2 173.3 207.1 193.0 Domestic & Residual 3/ 89.5 95.3 103.0 99.0 Exports 8/ 75.8 61.8 75.0 70.0 Use, Total 165.3 157.1 178.0 169.0 Ending Stocks 21.9 16.2 29.1 24.0 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.00 - 13.00 12.50 - 13.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,912 8,272 Beginning Stocks 14.7 12.2 11.2 13.3 Production 55.4 58.0 59.5 60.0 Supply, Total 7/ 72.2 73.8 73.1 75.8 Domestic & Residual 3/ 29.1 29.6 31.0 32.0 Exports 8/ 30.8 30.9 34.0 32.0 Use, Total 60.0 60.4 65.0 64.0 Ending Stocks 12.2 13.3 8.1 11.8 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 18.50 17.50 - 18.50 17.25 - 18.25 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Include s rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated usin g Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted av erage milling yield. The 2014/15 milling yield is calculated using the previous 5-year Olym pic average-- 2009/10-2013/14. 6/ Marketing- year weighted aver age price received by farmers. 7/ In cludes imports. 8/ Exports by type of rice are es timated. 9/ The mediu m/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in th e pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference betw een the August WASDE SAFP forecast and the final price has averaged $1.63 per cwt from 2008/09 through 2012/13, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. September 2014 WASDE - 533 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.5 84.8 84.8 Area Harvested 76.2 75.9 84.1 84.1 Filler Bushels Yield per Harvested Acre 39.8 43.3 45.4 46.6 Million Bushels Beginning Stocks 169 141 140 130 Production 3,034 3,289 3,816 3,913 Imports 41 80 15 15 Supply, Total 3,243 3,509 3,971 4,058 Crushings 1,689 1,730 1,755 1,770 Exports 1,317 1,645 1,675 1,700 Seed 89 99 92 92 Residual 8 -94 19 22 Use, Total 3,103 3,379 3,541 3,583 Ending Stocks 141 130 430 475 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.35 - 11.35 9.00 - 11.00 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,485 1,435 Production 4/ 19,820 20,215 20,270 20,445 Imports 196 165 160 160 Supply, Total 22,555 22,085 21,915 22,040 Domestic Disappearance 18,687 18,750 18,200 18,200 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,998 13,950 13,400 13,400 Exports 2,164 1,900 2,100 2,100 Use, Total 20,850 20,650 20,300 20,300 Ending stocks 1,705 1,435 1,615 1,740 Avg. Price (c/lb) 2/ 47.13 38.25 35.00 - 39.00 34.00 - 38.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Augus t Septembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 300 300 Production 4/ 39,875 40,975 41,685 42,035 Imports 245 350 165 165 Supply, Total 40,420 41,600 42,150 42,500 Domestic Disappearance 28,969 29,700 30,100 30,200 Exports 11,176 11,600 11,750 12,000 Use, Total 40,145 41,300 41,850 42,200 Ending Stocks 275 300 300 300 Avg. Price ($/s.t.) 2/ 468.11 490.00 340.00 - 380.00 330.00 - 370.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,735 million bushels for 2013 /14. September 2014 WASDE - 533 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,754 1,896 Production 2/ 8,982 8,417 8,341 8,391 Beet Sugar 5,076 4,750 4,750 4,800 Cane Sugar 3,906 3,667 3,591 3,591 Florida 1,867 1,759 1,785 1,785 Hawaii 179 165 180 180 Louisiana 1,686 1,600 1,500 1,500 Texas 173 143 126 126 Imports 3,224 3,787 2,877 2,876 TRQ 3/ 957 1,371 1,262 1,378 Other Program 4/ 136 270 400 400 Other 5/ 2,131 2,146 1,215 1,098 Mexico 2,124 2,136 1,205 1,088 Total Supply 14,184 14,362 12,972 13,163 Exports 274 325 250 250 Deliveries 11,752 12,141 11,885 11,885 Food 6/ 11,487 11,700 11,750 11,750 Other 7/ 265 441 135 135 Miscellaneous 0000 Total Use 12,026 12,466 12,135 12,135 Ending Stocks 8/ 2,158 1,896 837 1,028 Stocks to Use Ratio 17.9 15.2 6.9 8.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor pr ojections where appropriate. 3/ For 2014/15, WTO TRQ shortfall (200). For 2013/14, WTO TRQ shortfall (198). 4/ In cludes sugar under the re-export and polyhydric alcohol programs . 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (10) and other (0). For 2014/15, other high-ti er (10) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar- containing products for reexport, and for nonedible alcohol, f eed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, ra w value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Aug 1,460 6,020 226 4,584 2,408 714 2013/14 Est. Sep 1,460 6,020 226 4,584 2,508 614 2014/15 Proj. Aug 714 6,140 399 4,690 1,616 947 2014/15 Proj. Sep 614 6,140 399 4,690 1,516 947 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2012/13 = 1,105; Oct 2012-July 2013 = 924; Oct 2013-July 2014 =745 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export pr ogram (IMMEX), and any residual statistical discrepancies. IMMEX: 2013/14 (384 est), 2014/15 (384 proj). September 2014 WASDE - 533 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Aug Sep Filler Filler Filler Filler Filler Area Million Acres Planted 12.31 10.41 11.37 11.01 Harvested 9.37 7.54 10.24 9.88 Filler Pounds Yield per Harvested Acre 887 821 820 803 Million 480 Pound Bales Beginning Stocks 3.35 3.90 2.60 2.45 Production 17.32 12.91 17.50 16.54 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.68 16.82 20.11 19.00 Domestic Use 3.50 3.55 3.80 3.80 Exports, Total 13.03 10.53 10.70 10.00 Use, Total 16.53 14.08 14.50 13.80 Unaccounted 2/ 0.25 0.29 0.01 0.00 Ending Stocks 3.90 2.45 5.60 5.20 Avg. Farm Price 3/ 72.5 77.5 58.0 - 72.0 58.0 - 70.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. September 2014 WASDE - 533 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.86 658.16 144.22 137.19 679.42 137.36 175.60 United States 20.21 61.67 3.34 10.44 38.14 27.54 19.54 Total Foreign 176.65 596.49 140.87 126.74 641.28 109.82 156.06 Major Exporters 4/ 27.23 193.21 5.91 59.10 141.79 63.85 20.71 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.40 9.60 18.97 5.05 European Union 5/ 13.52 133.85 5.28 51.00 119.25 22.68 10.72 Major Importers 6/ 87.64 187.29 79.47 35.19 264.58 6.47 83.34 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.51 0.77 4.14 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.64 77.80 7.23 21.51 71.80 25.38 14.49 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 175.60 714.05 156.61 129.25 703.20 166.31 186.45 United States 19.54 57.96 4.59 6.05 34.03 32.01 16.05 Total Foreign 156.06 656.09 152.02 123.20 669.18 134.29 170.40 Major Exporters 4/ 20.71 218.15 4.58 56.45 138.70 76.67 28.06 Argentina 0.29 10.50 0.01 0.10 6.05 2.00 2.74 Australia 4.65 27.01 0.15 3.60 6.95 19.50 5.37 Canada 5.05 37.50 0.44 4.75 9.95 23.24 9.80 European Union 5/ 10.72 143.13 3.98 48.00 115.75 31.93 10.16 Major Importers 6/ 83.34 194.45 87.20 31.89 265.44 5.26 94.30 Brazil 1.00 5.30 7.00 0.60 11.40 0.10 1.80 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.66 3.21 36.48 0.58 10.68 N. Africa 8/ 11.44 20.12 25.22 2.88 42.83 0.49 13.47 Pakistan 2.62 24.00 0.39 0.60 24.20 0.75 2.06 Southeast Asia 9/ 4.14 0.00 16.39 2.46 15.69 0.86 3.98 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 14.49 103.87 7.55 22.75 72.99 37.06 15.87 Russia 4.95 52.09 1.00 12.50 34.00 18.50 5.54 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.98 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2014 WASDE - 533 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 183.66 716.09 149.87 134.62 706.79 151.80 192.96 Sep 186.45 719.95 152.95 137.76 710.01 154.83 196.38 United States Aug 16.05 55.24 4.35 4.22 32.41 25.17 18.05 Sep 16.05 55.24 4.63 4.22 32.41 24.49 19.01 Total Foreign Aug 167.61 660.85 145.52 130.40 674.38 126.63 174.91 Sep 170.40 664.71 148.33 133.55 677.60 130.34 177.38 Major Exporters 4/ Aug 27.19 214.37 6.14 65.00 148.20 71.50 28.00 Sep 28.06 216.77 6.14 65.00 148.20 73.30 29.46 Argentina Aug 2.74 12.50 0.01 0.10 6.15 6.50 2.60 Sep 2.74 12.30 0.01 0.10 6.15 6.30 2.60 Australia Aug 5.37 26.00 0.15 3.40 6.80 19.00 5.72 Sep 5.37 25.50 0.15 3.40 6.80 19.00 5.22 Canada Aug 8.99 28.00 0.48 4.50 9.75 21.00 6.72 Sep 9.80 28.00 0.48 4.50 9.75 22.00 6.53 European Union 5/ Aug 10.09 147.87 5.50 57.00 125.50 25.00 12.96 Sep 10.16 150.97 5.50 57.00 125.50 26.00 15.13 Major Importers 6/ Aug 92.21 197.88 78.28 30.86 266.65 5.34 96.37 Sep 94.30 197.18 81.25 33.34 269.60 5.84 97.28 Brazil Aug 1.80 6.30 6.50 0.60 11.90 0.50 2.20 Sep 1.80 6.30 6.50 0.60 11.90 1.00 1.70 China Aug 58.27 126.00 2.00 21.00 122.00 1.00 63.27 Sep 60.27 126.00 2.00 23.00 124.00 1.00 63.27 Sel. Mideast 7/ Aug 10.63 17.63 20.38 2.98 36.29 0.53 11.81 Sep 10.68 17.53 20.90 3.46 36.79 0.53 11.79 N. Africa 8/ Aug 12.96 18.85 22.80 2.38 42.68 0.48 11.46 Sep 13.47 18.25 23.95 2.38 42.83 0.48 12.37 Pakistan Aug 2.17 24.50 0.50 0.70 24.40 0.70 2.07 Sep 2.06 24.50 1.50 0.70 24.70 0.70 2.66 Southeast Asia 9/ Aug 4.02 0.00 16.60 2.41 16.24 0.84 3.55 Sep 3.98 0.00 16.60 2.41 16.24 0.84 3.51 Selected Other India Aug 17.83 95.85 0.02 4.50 94.40 3.00 16.30 Sep 17.83 95.85 0.02 4.50 94.40 3.00 16.30 FSU-12 Aug 15.97 110.17 7.33 23.70 74.49 38.06 20.92 Sep 15.87 112.23 7.17 24.36 74.77 39.54 20.95 Russia Aug 5.54 59.00 0.70 13.00 34.50 22.50 8.24 Sep 5.54 59.00 0.70 13.00 34.50 22.50 8.24 Kazakhstan Aug 1.69 13.50 0.01 2.00 6.80 6.00 2.39 Sep 1.98 13.50 0.01 2.00 6.80 6.50 2.19 Ukraine Aug 3.81 22.00 0.10 4.00 12.00 9.00 4.91 Sep 3.67 24.00 0.05 4.00 12.00 10.00 5.72 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2014 WASDE - 533 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.52 1,137.25 128.76 669. 68 1,136.41 122.88 169.36 United States 27.82 286.01 6.64 115.71 276.23 20.70 23.53 Total Foreign 140.70 851.24 122.12 553.98 860.18 102.18 145.83 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.80 227.32 92.10 237.81 316.79 8.10 33.33 European Union 6/ 15.58 145.89 11.84 113.68 153.00 7.36 12.95 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.50 52.68 0.13 9.76 Saudi Arabia 3.13 0.35 10.74 10.30 10.73 0.00 3.49 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.15 68.21 0.73 35.54 50.20 19.87 5.03 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 169.36 1,276.67 154.04 736. 97 1,235.94 162.02 210.08 United States 23.53 369.43 3.21 136.98 308.80 54.70 32.67 Total Foreign 145.83 907.23 150.83 599.99 927.14 107.32 177.41 Major Exporters 4/ 24.22 173.31 1.75 80.82 110.88 55.76 32.65 Argentina 2.48 34.47 0.01 8.54 13.30 19.01 4.66 Australia 0.85 12.37 0.00 3.84 5.51 7.08 0.63 Brazil 14.56 82.41 1.21 48.58 58.38 21.52 18.28 Canada 3.08 28.74 0.43 14.36 21.56 5.14 5.55 Major Importers 5/ 33.33 246.53 111.13 255.60 337.90 10.49 42.60 European Union 6/ 12.95 158.41 16.33 121.68 163.30 8.43 15.96 Japan 0.98 0.18 18.00 13.39 18.20 0.00 0.96 Mexico 1.62 30.21 11.11 22.53 39.80 0.40 2.75 N. Afr & Mideast 7/ 9.76 30.21 28.43 48.29 55.80 0.31 12.30 Saudi Arabia 3.49 0.35 12.10 10.83 11.25 0.00 4.69 Southeast Asia 8/ 2.83 26.85 10.22 26.86 34.97 1.34 3.59 South Korea 1.31 0.21 10.39 7.85 10.12 0.00 1.79 Selected Other 0.00 China 68.39 225.07 12.60 161.35 227.18 0.13 78.75 FSU-12 5.03 87.63 0.88 40.23 56.09 30.52 6.92 Russia 1.38 35.74 0.38 18.80 28.52 6.89 2.09 Ukraine 2.33 39.92 0.08 12.32 16.23 22.76 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes in tra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, M orocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2014 WASDE - 533 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 207.43 1,267.81 145.04 752. 78 1,253.13 147.24 222.11 Sep 210.08 1,269.19 144.00 752. 25 1,255.46 147.53 223.81 United States Aug 32.80 372.86 3.26 139.12 310.97 48.90 49.06 Sep 32.67 382.12 3.48 140.99 314.62 49.79 53.86 Total Foreign Aug 174.63 894.95 141.78 613.67 942.16 98.34 173.05 Sep 177.41 887.08 140.52 611.26 940.84 97.74 169.95 Major Exporters 4/ Aug 32.95 159.86 1.88 82.18 112.86 51.97 29.86 Sep 32.65 156.71 1.86 82.23 112.81 48.97 29.43 Argentina Aug 5.46 35.17 0.01 8.87 13.83 20.31 6.50 Sep 4.66 31.12 0.01 9.17 14.13 17.21 4.45 Australia Aug 0.73 11.76 0.00 4.26 5.94 5.73 0.83 Sep 0.63 11.61 0.00 4.16 5.84 5.73 0.68 Brazil Aug 17.98 77.11 1.21 50.08 59.90 20.01 16.39 Sep 18.28 78.11 1.21 50.08 59.90 20.01 17.69 Canada Aug 5.25 21.77 0.56 13.27 20.77 3.70 3.11 Sep 5.55 21.82 0.54 13.12 20.52 3.80 3.58 Major Importers 5/ Aug 39.20 240.11 104.58 255.04 338.10 9.16 36.62 Sep 42.60 241.48 103.34 255.64 338.90 10.46 38.06 European Union 6/ Aug 13.55 155.89 11.31 116.05 157.87 8.11 14.77 Sep 15.96 157.97 10.31 116.95 158.97 9.41 15.86 Japan Aug 0.96 0.18 18.90 14.29 19.10 0.00 0.94 Sep 0.96 0.18 18.60 13.99 18.80 0.00 0.94 Mexico Aug 2.75 30.14 11.40 23.42 40.94 0.50 2.85 Sep 2.75 30.14 11.40 23.42 40.94 0.50 2.85 N. Afr & Mideast 7/ Aug 12.00 25.68 29.21 50.16 57.82 0.11 8.96 Sep 12.30 24.99 29.36 49.96 57.62 0.11 8.91 Saudi Arabia Aug 4.70 0.36 10.41 11.13 11.60 0.00 3.86 Sep 4.69 0.35 10.50 11.20 11.68 0.00 3.86 Southeast Asia 8/ Aug 3.39 27.51 9.22 27.77 35.97 0.44 3.71 Sep 3.59 27.51 9.24 27.99 36.19 0.44 3.71 South Korea Aug 1.49 0.21 9.59 7.85 10.12 0.00 1.17 Sep 1.79 0.21 9.59 7.85 10.12 0.00 1.47 Selected Other China Aug 78.75 228.75 10.00 167.35 235.50 0.13 81.88 Sep 78.75 223.75 10.00 165.35 233.50 0.13 78.88 FSU-12 Aug 6.90 89.29 0.88 45.05 61.15 26.85 9.06 Sep 6.92 88.49 0.88 44.20 60.30 27.75 8.24 Russia Aug 2.09 40.50 0.28 21.60 31.80 7.41 3.65 Sep 2.09 40.00 0.28 21.60 31.80 7.41 3.15 Ukraine Aug 3.31 36.51 0.06 13.80 17.48 18.56 3.83 Sep 3.33 36.31 0.06 13.00 16.68 19.46 3.55 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. September 2014 WASDE - 533 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.61 868.76 99.42 519.09 865.22 95.16 138.15 United States 25.12 273.83 4.06 110.22 263.61 18.55 20.86 Total Foreign 109.49 594.93 95.35 408.87 601.61 76.61 117.29 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.34 111.62 56.86 119.28 168.51 2.82 12.50 Egypt 2.22 5.80 5.06 9.70 11.70 0.01 1.37 European Union 6/ 6.67 58.87 11.35 53.00 69.60 2.19 5.09 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 138.15 986.68 121.22 575.26 951.75 128.65 173.08 United States 20.86 353.72 0.89 131.45 296.56 48.90 30.01 Total Foreign 117.29 632.96 120.33 443.81 655.19 79.75 143.07 Major Exporters 4/ 18.53 119.05 0.84 57.00 75.00 39.50 23.91 Argentina 1.32 25.00 0.01 5.60 8.50 15.00 2.83 Brazil 14.15 79.30 0.80 46.00 55.00 21.50 17.75 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.50 119.37 75.10 132.70 184.83 3.94 18.20 Egypt 1.37 5.80 8.00 10.50 12.70 0.01 2.46 European Union 6/ 5.09 64.19 16.00 57.50 76.00 2.20 7.08 Japan 0.52 0.00 15.50 11.00 15.50 0.00 0.52 Mexico 1.06 22.40 10.70 15.00 31.50 0.40 2.26 Southeast Asia 7/ 2.82 26.80 10.20 26.80 34.90 1.33 3.59 South Korea 1.26 0.08 10.30 7.80 9.90 0.00 1.74 Selected Other 0.00 Canada 1.55 14.20 0.40 6.60 11.80 1.80 2.55 China 67.57 218.49 3.50 154.00 212.00 0.10 77.46 FSU-12 2.00 46.90 0.39 18.67 21.44 24.55 3.31 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. September 2014 WASDE - 533 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Aug 171.09 985.39 114.22 594.42 968.67 115.86 187.82 Sep 173.08 987.52 112.87 594.02 970.69 115.19 189.91 United States Aug 30.01 356.43 0.76 133.36 297.45 43.82 45.93 Sep 30.01 365.66 0.76 135.26 301.13 44.45 50.84 Total Foreign Aug 141.08 628.97 113.46 461.06 671.22 72.04 141.88 Sep 143.07 621.86 112.11 458.76 669.56 70.74 139.06 Major Exporters 4/ Aug 24.31 113.50 0.84 59.10 77.30 38.20 23.15 Sep 23.91 111.50 0.84 59.20 77.50 36.20 22.55 Argentina Aug 3.53 26.00 0.01 6.00 9.00 16.00 4.54 Sep 2.83 23.00 0.01 6.10 9.20 14.00 2.64 Brazil Aug 17.45 74.00 0.80 47.50 56.50 20.00 15.75 Sep 17.75 75.00 0.80 47.50 56.50 20.00 17.05 South Africa Aug 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Sep 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Aug 15.80 122.97 67.50 133.40 186.38 2.95 16.95 Sep 18.20 124.27 66.00 134.20 187.18 3.45 17.85 filler filler filler filler filler filler filler Egypt Aug 2.46 5.75 6.50 10.60 12.80 0.01 1.90 Sep 2.46 5.75 6.50 10.60 12.80 0.01 1.90 European Union 6/ Aug 5.38 67.05 11.00 55.50 74.50 2.00 6.93 Sep 7.08 68.35 10.00 56.50 75.50 2.50 7.43 Japan Aug 0.52 0.00 16.00 11.50 16.00 0.00 0.53 Sep 0.52 0.00 15.70 11.20 15.70 0.00 0.53 Mexico Aug 2.26 22.50 10.90 16.00 32.75 0.50 2.41 Sep 2.26 22.50 10.90 16.00 32.75 0.50 2.41 Southeast Asia 7/ Aug 3.39 27.46 9.20 27.70 35.90 0.44 3.71 Sep 3.59 27.46 9.20 27.90 36.10 0.44 3.71 South Korea Aug 1.44 0.08 9.50 7.80 9.90 0.00 1.12 Sep 1.74 0.08 9.50 7.80 9.90 0.00 1.42 Selected Other Canada Aug 2.40 11.60 0.50 6.70 12.20 1.00 1.30 Sep 2.55 11.60 0.50 6.60 12.00 1.00 1.65 China Aug 77.46 222.00 3.00 162.00 222.00 0.10 80.36 Sep 77.46 217.00 3.00 160.00 220.00 0.10 77.36 FSU-12 Aug 3.31 44.16 0.42 21.09 23.96 19.94 3.99 Sep 3.31 42.66 0.42 20.09 22.96 19.94 3.49 Ukraine Aug 2.24 27.00 0.05 9.50 10.90 16.00 2.39 Sep 2.24 26.00 0.05 8.50 9.90 16.00 2.39 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2014 WASDE - 533 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.76 471.71 36.38 468.52 39.25 109.95 United States 1.30 6.34 0.67 3.77 3.39 1.16 Total Foreign 105.46 465.38 35.71 464.76 35.87 108.79 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.90 62.61 13.13 75.45 1.07 12.12 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.12 2.10 1.40 3.25 0.20 1.16 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.73 4.01 0.51 4.50 0.00 0.74 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 109.95 476.06 38.83 476.04 40.90 109.97 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.79 469.95 38.09 472.05 37.91 108.94 Major Exporters 4/ 39.61 161.60 0.63 131.51 29.90 40.44 India 25.44 106.54 0.00 96.50 10.00 25.48 Pakistan 0.50 6.60 0.03 2.63 3.90 0.60 Thailand 12.81 20.46 0.30 10.88 9.50 13.19 Vietnam 0.86 28.00 0.30 21.50 6.50 1.16 Major Importers 5/ 12.12 63.18 13.80 76.75 1.18 11.17 Brazil 0.53 8.30 0.70 7.90 0.95 0.68 European Union 6/ 1.16 1.94 1.35 3.23 0.20 1.03 Indonesia 6.48 36.00 1.40 38.50 0.00 5.38 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.81 1.45 12.85 0.00 1.90 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.30 0.71 C. Amer & Carib 8/ 0.35 1.72 1.56 3.27 0.01 0.33 China 46.83 142.53 3.90 146.30 0.26 46.70 Egypt 0.43 4.88 0.03 4.00 0.80 0.53 Japan 2.74 7.83 0.70 8.25 0.20 2.82 Mexico 0.19 0.13 0.73 0.86 0.00 0.18 South Korea 0.74 4.23 0.41 4.61 0.00 0.78 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. September 2014 WASDE - 533 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Aug 110.13 477.35 38.71 482.09 41.24 105.39 Sep 109.97 476.98 38.71 481.83 41.15 105.13 United States Aug 1.06 7.32 0.67 4.29 3.49 1.27 filler filler filler filler filler filler Sep 1.03 6.98 0.67 4.19 3.26 1.22 Total Foreign Aug 109.07 470.03 38.04 477.80 37.76 104.13 filler filler filler filler filler filler Sep 108.94 470.00 38.04 477.63 37.88 103.91 Major Exporters 4/ Aug 40.69 158.40 0.73 133.10 29.30 37.42 Sep 40.44 158.40 0.73 133.10 29.30 37.17 India Aug 25.23 103.00 0.00 98.00 8.70 21.53 Sep 25.48 103.00 0.00 98.00 8.70 21.78 filler filler filler filler filler filler Pakistan Aug 0.60 6.70 0.03 2.70 3.90 0.73 Sep 0.60 6.70 0.03 2.70 3.90 0.73 Thailand Aug 13.69 20.50 0.30 10.90 10.00 13.59 Sep 13.19 20.50 0.30 10.90 10.00 13.09 Vietnam Aug 1.16 28.20 0.40 21.50 6.70 1.56 Sep 1.16 28.20 0.40 21.50 6.70 1.56 Major Importers 5/ Aug 11.18 64.45 14.30 78.10 1.12 10.71 Sep 11.17 64.43 14.30 78.10 1.12 10.68 Brazil Aug 0.68 8.35 0.70 7.90 0.90 0.93 filler filler filler filler filler filler Sep 0.68 8.35 0.70 7.90 0.90 0.93 European Union 6/ Aug 1.04 1.97 1.40 3.20 0.19 1.02 Sep 1.03 1.95 1.40 3.20 0.19 0.99 Indonesia Aug 5.38 37.00 1.00 39.20 0.00 4.18 Sep 5.38 37.00 1.00 39.20 0.00 4.18 Nigeria Aug 0.66 2.55 3.50 6.10 0.00 0.61 Sep 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Aug 1.90 12.20 1.60 13.20 0.00 2.50 Sep 1.90 12.20 1.60 13.20 0.00 2.50 Sel. Mideast 7/ Aug 1.36 1.85 4.48 6.38 0.00 1.31 Sep 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Aug 0.71 12.15 0.00 11.00 1.30 0.56 Sep 0.71 12.15 0.00 11.00 1.30 0.56 C. Amer & Carib 8/ Aug 0.33 1.74 1.55 3.28 0.01 0.33 Sep 0.33 1.75 1.55 3.29 0.01 0.33 China Aug 46.70 144.00 3.70 148.00 0.35 46.05 Sep 46.70 144.00 3.70 148.00 0.35 46.05 Egypt Aug 0.53 4.90 0.06 4.10 0.88 0.52 Sep 0.53 4.90 0.06 4.10 0.88 0.52 Japan Aug 2.82 7.70 0.70 8.20 0.20 2.82 Sep 2.82 7.70 0.70 8.20 0.20 2.82 Mexico Aug 0.18 0.13 0.78 0.89 0.00 0.19 Sep 0.18 0.13 0.78 0.89 0.00 0.19 South Korea Aug 0.78 4.15 0.41 4.59 0.00 0.75 Sep 0.78 4.05 0.41 4.59 0.00 0.65 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2014 WASDE - 533 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.47 122.95 45.79 106.52 46.74 -0.88 89.82 United States 3.35 17.32 0.01 3.50 13.03 0.25 3.90 Total Foreign 70.12 105.63 45.78 103.02 33.71 -1.13 85.92 Major Exporters 4/ 29.11 53.40 1.60 30.63 29.12 -1.32 25.67 Central Asia 5/ 3.09 7.27 3 / 2.33 5.34 0.00 2.70 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.50 -0.33 9.59 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.39 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.20 21.85 7.75 -1.00 11.97 Major Importers 8/ 39.14 49.63 41.43 68.74 2.71 0.19 58.57 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.93 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.48 0.03 2.60 2.55 0.01 0.05 0.50 Thailand 0.26 3 / 1.51 1.48 0.01 0.03 0.27 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 89.82 118.70 40.36 107.99 40.95 -0.34 100.30 United States 3.90 12.91 0.01 3.55 10.53 0.29 2.45 Total Foreign 85.92 105.79 40.35 104.44 30.42 -0.64 97.85 Major Exporters 4/ 25.67 56.61 1.38 32.36 25.97 -0.83 26.17 Central Asia 5/ 2.70 6.55 3 / 2.41 4.33 0.00 2.51 Afr. Fr. Zone 6/ 1.08 4.21 3 / 0.16 3.99 0.00 1.15 S. Hemis 7/ 9.59 13.82 0.23 5.30 7.86 -0.34 10.83 Australia 2.39 4.10 3 / 0.04 4.85 -0.20 1.80 Brazil 5.80 7.80 0.15 4.20 2.23 -0.15 7.47 India 11.97 31.00 0.75 23.50 9.40 -0.50 11.32 Major Importers 8/ 58.57 46.48 35.98 68.34 2.56 0.19 69.95 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.00 14.12 34.50 0.03 0.00 61.96 European Union 9/ 0.56 1.60 0.90 0.93 1.52 0.05 0.56 Turkey 1.32 2.30 4.20 6.25 0.21 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.50 0.03 2.65 2.65 0.01 0.05 0.47 Thailand 0.27 3 / 1.55 1.50 0.00 0.03 0.29 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Ky rgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Co te d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and reg ions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiw an. 9/ Includes intra-EU trade. September 2014 WASDE - 533 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Aug 99.96 117.64 36.30 112.60 36.29 -0.07 105.08 Sep 100.30 118.01 35.19 112.12 35.18 -0.09 106.29 United States Aug 2.60 17.50 0.01 3.80 10.70 0.01 5.60 Sep 2.45 16.54 0.01 3.80 10.00 0.00 5.20 Total Foreign Aug 97.36 100.14 36.29 108.80 25.59 -0.09 99.48 Sep 97.85 101.48 35.18 108.32 25.18 -0.09 101.09 filler filler filler filler filler filler filler Major Exporters 4/ Aug 26.13 52.42 1.61 33.29 21.21 -0.28 25.94 Sep 26.17 53.50 1.31 33.34 20.93 -0.28 26.98 Central Asia 5/ Aug 2.61 6.59 3 / 2.45 3.82 0.00 2.93 Sep 2.51 6.46 3 / 2.45 3.60 0.00 2.93 Afr. Fr. Zone 6/ Aug 1.15 4.22 3 / 0.15 3.71 0.00 1.50 Sep 1.15 4.51 3 / 0.15 3.81 0.00 1.70 S. Hemis 7/ Aug 10.92 11.80 0.16 5.09 7.58 -0.29 10.49 Sep 10.83 11.71 0.16 5.09 7.55 -0.29 10.34 Australia Aug 1.85 2.50 3 / 0.04 3.00 -0.15 1.47 Sep 1.80 2.50 3 / 0.04 3.00 -0.15 1.42 Brazil Aug 7.47 7.30 0.08 4.00 3.70 -0.15 7.29 Sep 7.47 7.30 0.08 4.00 3.70 -0.15 7.29 India Aug 11.12 29.00 1.10 24.75 5.80 0.00 10.67 Sep 11.32 30.00 0.80 24.75 5.70 0.00 11.67 filler filler filler filler filler filler filler Major Importers 8/ Aug 69.48 44.95 31.62 71.76 2.53 0.19 71.57 Sep 69.95 45.25 30.80 71.23 2.42 0.19 72.16 Mexico Aug 0.52 1.20 1.05 1.85 0.18 0.03 0.72 Sep 0.58 1.20 1.03 1.88 0.20 0.03 0.70 China Aug 61.41 29.50 8.00 36.50 0.05 0.00 62.36 Sep 61.96 29.50 8.00 36.50 0.05 0.00 62.91 European Union 9/ Aug 0.55 1.69 0.90 0.97 1.43 0.05 0.68 Sep 0.56 1.74 0.90 0.96 1.43 0.05 0.75 Turkey Aug 1.42 2.90 4.00 6.50 0.20 0.00 1.62 Sep 1.36 3.15 3.75 6.45 0.20 0.00 1.61 Pakistan Aug 2.59 9.50 2.20 11.00 0.45 0.03 2.81 Sep 2.48 9.50 1.60 10.50 0.40 0.03 2.65 Indonesia Aug 0.47 0.03 2.85 2.75 0.01 0.05 0.54 Sep 0.47 0.03 2.88 2.75 0.01 0.05 0.57 Thailand Aug 0.29 3 / 1.63 1.58 0.01 0.03 0.31 Sep 0.29 3 / 1.63 1.55 0.01 0.03 0.34 Bangladesh Aug 1.02 0.12 4.45 4.40 0.00 0.01 1.18 Sep 1.02 0.12 4.50 4.45 0.00 0.01 1.18 Vietnam Aug 0.51 0.02 3.30 3.25 0.00 0.00 0.57 Sep 0.51 0.02 3.40 3.25 0.00 0.00 0.67 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. September 2014 WASDE - 533 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.55 267.83 95.88 229.57 259.90 100.52 56.84 United States 4.61 82.56 1.10 45.97 48.60 35.85 3.83 Total Foreign 48.94 185.27 94.77 183.61 211.30 64.67 53.01 Major Exporters 3/ 29.80 143.15 0.42 71.90 76.89 58.69 37.80 Argentina 16.39 49.30 0.00 33.61 35.55 7.74 22.40 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.00 15.33 84.19 86.14 102.90 0.38 13.24 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.51 12.74 13.65 0.09 0.25 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomest i c CrushDomesti c Total Export sEndin g Stock s World 2/ 56.84 283.13 108.92 239.93 269.05 112.93 66.91 United States 3.83 89.51 2.18 47.08 47.19 44.77 3.55 Total Foreign 53.01 193.62 106.74 192.85 221.85 68.16 63.36 Major Exporters 3/ 37.80 152.30 0.63 76.88 82.08 62.54 46.11 Argentina 22.40 54.00 0.00 37.23 39.28 8.50 28.63 Brazil 15.33 86.70 0.60 36.00 39.00 46.40 17.23 Paraguay 0.04 8.10 0.03 3.50 3.64 4.30 0.23 Major Importers 4/ 13.24 14.75 94.50 90.36 107.56 0.32 14.61 China 12.38 12.20 69.00 68.75 80.10 0.24 13.24 European Union 0.25 1.23 12.65 12.50 13.43 0.06 0.64 Japan 0.18 0.20 2.87 1.94 3.03 0.00 0.22 Mexico 0.10 0.25 3.85 4.00 4.04 0.00 0.17 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Aug 67.09 304.69 110.55 250.90 283.40 113.32 85.62 Sep 66.91 311.13 112.50 252.08 284.98 115.40 90.17 United States Aug 3.82 103.85 0.41 47.76 50.78 45.59 11.71 Sep 3.55 106.50 0.41 48.17 51.26 46.27 12.93 Total Foreign Aug 63.27 200.85 110.14 203.14 232.62 67.73 73.91 Sep 63.36 204.63 112.09 203.91 233.72 69.13 77.24 Major Exporters 3/ Aug 45.98 156.60 0.53 80.80 86.06 61.00 56.05 Sep 46.11 160.60 0.63 81.20 86.61 62.70 58.03 Argentina Aug 28.63 54.00 0.00 39.80 41.90 8.50 32.23 Sep 28.63 55.00 0.00 39.80 41.90 8.50 33.23 Brazil Aug 17.11 91.00 0.50 37.10 40.10 45.00 23.51 Sep 17.23 94.00 0.60 37.60 40.75 46.70 24.38 Paraguay Aug 0.23 8.20 0.03 3.70 3.84 4.32 0.30 Sep 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Major Importers 4/ Aug 14.62 14.85 98.69 95.54 112.97 0.39 14.79 Sep 14.61 14.85 100.19 95.72 113.29 0.39 15.97 China Aug 13.29 12.00 73.00 73.50 84.90 0.30 13.09 Sep 13.24 12.00 74.00 73.50 84.95 0.30 13.99 European Union Aug 0.64 1.47 12.50 12.66 13.64 0.07 0.90 Sep 0.64 1.47 12.75 12.66 13.69 0.07 1.10 Japan Aug 0.18 0.21 2.80 1.95 3.01 0.00 0.17 Sep 0.22 0.21 2.90 1.97 3.07 0.00 0.26 Mexico Aug 0.17 0.29 3.90 4.10 4.14 0.00 0.22 Sep 0.17 0.29 3.95 4.20 4.24 0.00 0.17 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). September 2014 WASDE - 533 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.65 180.95 53.78 177.30 57.82 9.25 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.37 144.78 53.56 151.02 47.68 9.00 Major Exporters 3/ 6.25 61.20 0.04 19.33 41.26 6.89 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.13 7.80 0.01 3.53 4.35 0.05 Major Importers 4/ 1.48 13.90 31.18 45.05 0.57 0.93 European Union 0.37 10.19 16.94 26.89 0.54 0.08 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.25 188.91 57.64 184.87 60.59 10.35 United States 0.25 37.17 0.32 26.94 10.52 0.27 Total Foreign 9.00 151.74 57.33 157.92 50.07 10.07 Major Exporters 3/ 6.89 63.45 0.03 20.15 42.60 7.62 Argentina 3.74 28.80 0.00 1.80 25.70 5.04 Brazil 3.10 27.77 0.03 14.40 14.10 2.40 India 0.05 6.88 0.01 3.95 2.80 0.19 Major Importers 4/ 0.93 13.88 33.89 47.08 0.42 1.20 European Union 0.08 9.94 18.70 27.97 0.35 0.40 Southeast Asia 5/ 0.78 2.47 13.15 15.63 0.07 0.71 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Aug 10.20 197.78 60.71 194.28 64.42 10.00 Sep 10.35 198.72 60.63 194.32 64.58 10.79 United States Aug 0.27 37.82 0.15 27.31 10.66 0.27 Sep 0.27 38.13 0.15 27.40 10.89 0.27 Total Foreign Aug 9.93 159.97 60.56 166.97 53.76 9.73 Sep 10.07 160.58 60.48 166.93 53.69 10.52 Major Exporters 3/ Aug 7.30 66.72 0.03 20.97 46.32 6.77 Sep 7.62 67.15 0.03 21.02 46.32 7.47 Argentina Aug 3.77 30.95 0.00 1.80 29.52 3.40 Sep 5.04 30.95 0.00 2.00 29.22 4.77 Brazil Aug 3.33 28.57 0.03 15.00 13.80 3.12 Sep 2.40 29.00 0.03 14.85 14.10 2.47 India Aug 0.21 7.20 0.01 4.17 3.00 0.25 Sep 0.19 7.20 0.01 4.17 3.00 0.23 Major Importers 4/ Aug 1.30 14.14 36.00 49.26 0.72 1.45 Sep 1.20 14.20 35.85 49.10 0.62 1.52 European Union Aug 0.40 10.06 19.80 29.14 0.65 0.46 Sep 0.40 10.06 19.80 29.14 0.55 0.56 Southeast Asia 5/ Aug 0.81 2.60 14.10 16.53 0.07 0.91 Sep 0.71 2.64 13.95 16.36 0.07 0.87 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. September 2014 WASDE - 533 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.88 42.89 8.43 42.34 9.32 3.54 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.72 33.90 8.34 33.87 8.34 2.77 Major Exporters 3/ 0.89 15.44 0.40 9.46 6.51 0.76 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.78 3.88 17.15 0.16 1.43 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.74 1.09 2.91 0.00 0.28 North Africa 5/ 0.10 0.41 1.39 1.69 0.08 0.13 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.54 44.77 8.93 44.80 9.34 3.10 United States 0.77 9.17 0.08 8.51 0.86 0.65 Total Foreign 2.77 35.60 8.85 36.29 8.48 2.45 Major Exporters 3/ 0.76 16.21 0.32 10.24 6.44 0.61 Argentina 0.26 7.03 0.00 2.78 4.21 0.30 Brazil 0.40 6.91 0.00 5.69 1.43 0.19 European Union 0.10 2.27 0.32 1.77 0.80 0.12 Major Importers 4/ 1.43 14.30 4.23 18.50 0.18 1.28 China 1.02 12.32 1.25 13.51 0.10 0.99 India 0.28 1.54 1.55 3.22 0.00 0.15 North Africa 5/ 0.13 0.44 1.43 1.77 0.08 0.15 2014/15 Proj. Beginnin g Stock s Pro duction Import s Domesti c TotalExport s Endin g Stock s World 2/ Aug 3.27 46.75 9.22 46.07 9.79 3.39 Sep 3.10 47.00 9.09 46.24 9.59 3.36 United States Aug 0.67 9.19 0.07 8.26 0.95 0.73 Sep 0.65 9.27 0.07 8.26 0.95 0.79 Total Foreign Aug 2.60 37.56 9.15 37.82 8.83 2.66 Sep 2.45 37.73 9.01 37.99 8.63 2.57 Major Exporters 3/ Aug 0.75 17.02 0.30 10.59 6.72 0.76 Sep 0.61 17.11 0.30 10.86 6.52 0.64 Argentina Aug 0.25 7.60 0.00 2.94 4.62 0.29 Sep 0.30 7.60 0.00 3.14 4.45 0.31 Brazil Aug 0.38 7.12 0.00 5.87 1.30 0.33 Sep 0.19 7.22 0.00 5.94 1.27 0.19 European Union Aug 0.12 2.30 0.30 1.78 0.80 0.14 Sep 0.12 2.30 0.30 1.78 0.80 0.14 Major Importers 4/ Aug 1.28 15.23 4.44 19.50 0.17 1.27 Sep 1.28 15.23 4.24 19.30 0.17 1.28 China Aug 0.99 13.16 1.30 14.38 0.08 0.99 Sep 0.99 13.16 1.10 14.18 0.08 0.99 India Aug 0.15 1.61 1.70 3.30 0.00 0.16 Sep 0.15 1.61 1.70 3.30 0.00 0.16 North Africa 5/ Aug 0.15 0.45 1.44 1.82 0.09 0.13 Sep 0.15 0.46 1.44 1.82 0.09 0.13 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. September 2014 WASDE - 533 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 III 6,609 5,622 12,298 9,683 1, 440 11,265 23,563 1,994 49.4 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,038 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 7,946 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 1,982 51.0 II 6,183 5,504 11,754 9,618 1, 429 11,181 22,935 2,016 52.9 III* 6,135 5,440 11,635 9,850 1, 465 11,460 23,095 2,045 51.1 IV* 6,135 6,045 12,241 9,700 1, 500 11,330 23,571 2,100 51.2 Annual Aug Proj. 24,561 22,779 47,596 38,399 5, 711 44,638 92,234 8,145 206.0 Sep Proj. 24,321 22,774 47,346 38,451 5, 726 44,710 92,056 8,143 206.3 2015 I* 5,510 5,670 11,243 9,510 1, 400 11,035 22,278 2,035 52.8 II* 6,060 5,465 11,584 9,950 1, 475 11,565 23,149 2,065 54.4 Annual Aug Proj. 24,325 23,280 47,852 39,345 5, 925 45,815 93,667 8,260 212.5 Sep Proj. 23,640 23,325 47,206 39,480 5, 925 45,950 93,156 8,300 212.5 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 III 122.30 70.59 93.9 99.9 119.0 19.60 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III* 157-160 83-84 102-105 108-111 129-132 23.65-23.85 IV* 154-162 70-74 98-104 111-117 140-148 22.80-23.30 Annual Aug Proj. 150-153 79-81 103-106 105-108 136-139 23.55-23.75 Sep Proj. 151-154 77-78 103-105 107-108 137-139 23.80-24.00 2015 I* 150-162 67-73 99-107 98-106 132-142 20.40-21.20 II* 150-162 70-76 101-109 100-108 117-127 18.60-19.60 Annual Aug Proj. 149-162 72-78 100-108 102-111 124-134 19.75-20.75 Sep Proj. 149-162 67-73 99-107 102-111 124-134 19.40-20.40 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2014 WASDE - 533 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Proj. Aug 584 24,632 2,584 27,800 2,620 510 24,670 54.2 Sep 584 24,392 2,684 27,660 2,620 510 24,530 53.9 2015 Proj. Aug 510 24,396 2,600 27,506 2,525 510 24,471 53.4 Sep 510 23,711 2,700 26,921 2,525 510 23,886 52.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Proj. Aug 618 22,793 947 24,357 5,066 550 18,741 45.6 Sep 618 22,788 947 24,352 5,066 550 18,736 45.6 2015 Proj. Aug 550 23,293 920 24,763 5,145 605 19,013 46.0 Sep 550 23,338 920 24,808 5,145 605 19,058 46.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Proj. Aug 1,230 47,691 3,704 52,624 7,694 1,093 43,837 101.0 Sep 1,230 47,441 3,804 52,474 7,694 1,097 43,683 100.6 2015 Proj. Aug 1,093 47,947 3,686 52,726 7,679 1,148 43,899 100.4 Sep 1,097 47,301 3,786 52,184 7,679 1,148 43,357 99.3 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Proj. Aug 669 37,988 119 38,776 7,219 605 30,951 83.4 Sep 669 38,040 119 38,827 7,219 605 31,003 83.5 2015 Proj. Aug 605 38,924 116 39,645 7,315 645 31,685 84.8 Sep 605 39,058 116 39,779 7,365 645 31,769 85.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Proj. Aug 237 5,711 23 5,972 737 225 5,010 15.7 Sep 237 5,726 28 5,991 767 225 4,999 15.7 2015 Proj. Aug 225 5,925 20 6,170 750 310 5,110 15.9 Sep 225 5,925 28 6,178 780 310 5,088 15.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Proj. Aug 912 44,227 143 45,282 8,067 834 36,381 100.4 Sep 912 44,298 148 45,358 8,097 834 36,427 100.6 2015 Proj. Aug 834 45,393 138 46,365 8,190 959 37,216 102.0 Sep 834 45,527 146 46,507 8,270 959 37,278 102.2 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.5 2014 Proj. Aug 2,142 91,917 3,847 97,906 15,761 1,927 80,218 201.4 Sep 2,142 91,739 3,951 97,832 15,791 1,931 80,110 201.2 2015 Proj. Aug 1,927 93,341 3,824 99,092 15,869 2,107 81,116 202.5 Sep 1,931 92,828 3,932 98,691 15,949 2,107 80,635 201.4 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys, and mature chicken. September 2014 WASDE - 533 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 22.0 22.0 Production 7,867.7 7,945.6 8,144.5 8 ,143.0 8,260.0 8,300.0 Imports 18.5 16.9 24.8 28.8 20.0 32.0 Total Supply 7,913.8 7,983.3 8,192.3 8 ,194.8 8,302.0 8,354.0 Use Exports 301.7 371.9 338.4 348.4 320.0 320.0 Hatching Use 940.8 959.9 973.7 973.7 1,000.0 1,000.0 Ending Stocks 20.8 23.0 22.0 22.0 23.0 23.0 Disappearance Total 6,650.6 6,628.5 6,858.2 6 ,850.7 6,959.0 7,011.0 Per Capita (number) 253.9 251.3 258.2 257.9 260.1 262.1 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 200.6 201.2 206.0 206.3 212.5 212.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.9 10.5 Marketings 199.7 200.2 205.0 205.3 211.6 211.5 Imports 4.1 3.7 3.7 4.1 3.6 3.8 Total Cml. Supply 214.7 216.2 219.9 220.6 226.1 225.8 Fat Basis Use Commercial Exports 8.8 12.4 12.8 12.6 11.8 11.5 Ending Commercial Stocks 12.2 11.2 10.9 10.5 12.0 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 196.2 197.5 202.3 202.4 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 12.0 12.0 Marketings 199.7 200.2 205.0 205.3 211.6 211.5 Imports 5.7 5.3 5.2 5.3 5.1 5.2 Total Cml. Supply 217.2 217.9 221.9 222.2 228.7 228.7 Skim-solid Basis Use Commercial Exports 33.3 38.5 40.6 39.8 39.0 38.5 Ending Commercial Stocks 12.4 11.6 12.0 12.0 12.4 12.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 169.3 170.4 177.3 177.6 Total Note: Totals may not add due to rounding. September 2014 WASDE - 533 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.050- 2.0702.135- 2.1551.670- 1.7701.690- 1.790 Butter 1.5943 1.5451 2.040- 2.0802.170- 2.2101.655- 1.7851.675- 1.805 Nonfat Dry Milk 1.3279 1.7066 1.845- 1.8651.775- 1.7951.605- 1.6751.565- 1.635 Dry Whey 0.5935 0.5902 0.640- 0.6600.640- 0.6600.565- 0.5950.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 21.25- 21.4522.15- 22.3517.00- 18.0017.20- 18.20 Class IV 16.01 19.05 22.35- 22.6522.30- 22.6018.70- 19.8018.45- 19.55 All Milk 3/ 18.52 20.05 23.55- 23.7523.80- 24.0019.75- 20.7519.40- 20.40 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. September 2014 WASDE - 533 - 35 Note: Tables on pages 35-37 present a record of the September projection and the final Estimate. Using world wheat production a s an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.1 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 3.5 percent. The average difference between the September projection and the final estimate is 9.2 million tons, ranging from 0.9 million to 30. 7 million tons. The September projection has been below the estimate 21 times and above 12 times. Reliability of September Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 2.1 3.5 9.2 0.9 30.7 21 12 U.S. 1.9 3.1 0.9 0.0 2.5 14 19 Forei gn 2.4 4.0 9.2 1.0 30.9 22 11 Exports Worl d 6.0 10.1 6.0 0.3 22.0 25 8 U.S. 10.4 17.6 2.6 0.2 10.0 16 17 Forei gn 7.4 12.6 5.5 0.2 21.4 24 9 Domestic Use Worl d 1.7 3.0 7.4 0.2 23.4 19 14 U.S. 7.0 11.9 1.9 0.0 4.5 12 21 Forei gn 1.7 3.0 7.4 0.2 21.0 23 10 Ending Stocks Worl d 8.5 14.4 9.5 1.5 29.6 25 8 U.S. 15.0 25.4 2.7 0.5 12.4 17 16 Forei gn 9.4 16.0 8.5 0.5 27.1 24 9 COARSE GRAINS 2/ Production Worl d 2.1 3.6 15.8 0.2 50.6 26 7 U.S. 4.5 7.6 8.1 0.2 26.0 22 11 Forei gn 2.3 3.9 13.1 1.0 29.6 25 8 Exports Worl d 6.9 11.8 6.3 0.1 25.2 23 10 U.S. 20.6 34.9 7.6 0.4 19.1 13 20 Forei gn 14.0 23.7 6.9 0.7 19.3 22 11 Domestic Use Worl d 1.5 2.5 10.5 0.4 29.1 19 14 U.S. 3.9 6.7 6.7 0.1 15.8 22 11 Forei gn 1.6 2.7 8.7 0.4 22.0 21 12 Ending Stocks Worl d 12.9 21.9 16.4 1.7 43.2 25 8 U.S. 24.6 41.7 8.9 0.4 32.2 14 19 Forei gn 15.1 25.6 12.1 0.7 41.6 27 6 RICE, milled Production Worl d 2.4 4.1 6.6 0.4 24.1 26 7 U.S. 4.6 7.8 0.2 0.0 0.5 18 14 Forei gn 2.5 4.2 6.6 0.3 24.4 26 7 Exports Worl d 9.6 16.2 1.6 0.1 6.8 24 9 U.S. 11.5 19.5 0.2 0.0 0.9 17 14 Forei gn 10.7 18.2 1.5 0.1 6.8 24 9 Domestic Use Worl d 1.9 3.2 4.2 0.4 22.7 26 7 U.S. 7.0 11.9 0.2 0.0 0.4 15 17 Forei gn 1.9 3.2 4.3 0.2 23.1 26 7 Ending Stocks Worl d 12.4 21.0 5.0 0.5 14.9 28 5 U.S. 23.4 39.7 0.2 0.0 0.9 18 15 Forei gn 13.7 23.2 5.0 0.2 14.7 28 5 1/ Footnotes at end of table. CONTINUED September 2014 WASDE - 533 - 36 Reliability of September Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.1 6.6 0.4 27.4 21 12 U.S. 5.4 9.2 3.2 0.8 10.4 19 14 Foreign 7.9 13.4 6.4 0.9 29.1 16 17 Exports World 7.6 12.9 3.1 0.2 12.5 21 12 U.S. 12.6 21.4 2.7 0.1 7.3 20 13 Foreign 18.9 32.1 2.7 0.0 10.5 12 21 Domestic Use World 3.5 5.9 4.4 0.0 15.1 21 12 U.S. 4.6 7.8 1.6 0.1 4.5 21 12 Foreign 4.3 7.3 4.3 0.0 11.2 21 12 Ending Stocks World 18.3 31.0 4.6 0.2 13.0 20 13 U.S. 34.6 58.8 2.0 0.2 6.6 10 23 Foreign 20.6 35.0 4.4 0.0 14.7 21 11 COTTON Million 480-Pound Bales Production World 4.5 7.7 3.0 0.1 12.6 20 13 U.S. 6.3 10.7 0.9 0.0 2.4 18 14 Foreign 5.2 8.7 2.7 0.0 11.2 21 12 Exports World 9.7 16.5 2.3 0.0 10.1 19 14 U.S. 21.8 36.9 1.1 0.1 3.2 18 15 Foreign 12.8 21.7 1.9 0.1 8.8 17 16 Domestic Use World 4.0 6.8 2.9 0.1 13.1 13 20 U.S. 8.5 14.4 0.4 0.0 1.3 17 14 Foreign 4.1 7.0 2.8 0.0 12.3 14 18 Ending Stocks World 15.1 25.7 5.5 0.3 15.9 23 10 U.S. 34.8 59.1 1.4 0.1 5.1 14 19 Foreign 15.6 26.4 4.9 0.2 16.0 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2014 WASDE - 533 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 4.7 8.0 304 15 885 22 11 Exports 21.5 36.4 272 46 725 12 21 Domestic Use 4.3 7.3 265 15 565 22 11 Ending Stocks 28.1 47.6 332 2 1,321 14 19 SORGHUM Production 6.5 11.0 26 0 81 14 18 Exports 26.8 45.5 36 1 115 18 15 Domestic Use 12.3 20.9 35 0 114 16 15 Ending Stocks 49.1 83.3 35 1 155 10 23 BARLEY Production 4 . 9 8 . 31 2 13 61 22 1 Exports 50.4 85.5 14 0 82 14 16 Domestic Use 9.6 16.3 24 0 72 12 19 Ending Stocks 17.8 30.2 19 0 70 16 16 OATS Production 8.9 15.1 12 0 44 5 27 Exports 104.7 177. 71089 1 4 Domestic Use 5 . 5 9 . 41 4 13 91 12 2 Ending Stocks 23.7 40.2 16 2 47 17 16 SOYBEAN MEAL Thousand Short Tons Production 4.5 7.6 1,293 93 4,200 22 11 Exports 15.3 26.0 940 34 4,100 18 15 Domestic Use 3.8 6.4 770 26 3,200 20 13 Ending Stocks 42.6 72.4 55 0 368 11 13 SOYBEAN OIL Million Pounds Production 4.8 8.2 635 26 2,635 20 13 Exports 36.3 61.6 453 0 1,675 17 15 Domestic Use 4.3 7.3 467 86 2,150 21 12 Ending Stocks 32.1 54.5 456 60 1,357 18 15 ANIMAL PROD. 3/ Million Pounds Beef 4.3 7.3 873 175 2,486 23 9 Pork 3.1 5.2 399 19 1,356 19 13 Broilers 2.2 3.7 532 49 1,379 20 12 Turkeys 3.8 6.5 141 2 444 21 11 Million Dozen Eggs 1.7 2.9 93 4 414 21 11 Billion Pounds Milk 1.8 3.0 2.1 0.1 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2012/13, and for 2013/14 last month’s estimate. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1983-2013. WASDE-533-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-533 – September 11, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 568 Approved by the World Agricultur al Outlook Board August 10, 2017 WHEAT: Projected 2017/18 U.S. wheat supplies are decreased this month on lower production, down 21 million bushels to 1,739 million. The August NASS production forecasts for durum and other spring wheat indicated a significant decline compared to last year , primarily due to continued severe drought conditions affecting the Northern Plains. Partially offsetting this decrease is higher winter wheat production, on increased yiel ds, with most of the production increase for white wheat. Food use estimates for both 2016/17 and 2017/18 are reduced, based primarily on the August 1 , NASS Flour Milling Products report. The other wheat usage categories for 2017/18 are unchanged this mo nth. Projected 2017/18 ending stocks are decreased 5 million bushels to 933 million. The 2017/18 season -average farm price is unchanged at the midpoint of $4.80 per bushel and the projected range remains at $4.40 to $5.20 . Global 2017/18 wheat supplies increased significantly , primarily on an 8.6 -million -ton production increase in the Former Soviet Union (FSU). Russian production is a record 77.5 million tons, surpassing last year’s record by 5.0 million. Winter wheat yields are forecast higher for b oth Russia and Ukraine, based mainly on harvest results to date. Additionally, spring wheat conditions have remained very favorable for both Russia and Kazakhstan, resulting in higher production forecasts. Canadian wheat production is reduced 1.9 million tons to 26.5 million on the increasing intensification of drought conditions in major production areas of the Prairie Provinces. The increased FSU production more than offsets reduced production forecasts in Canada, EU, and U.S., raising 2017/18 global production by more than 5.0 million tons to 743.2 million. Foreign 2017/18 trade is increased on higher exports for Russia, Ukraine, and Kazakhstan more than offsetting reductions in Canada and EU. Projected imports are raised for several countries, led by Indonesia and Nigeria. Total world consumption is projected higher, primarily on greater usage by Russia, Indonesia, and Nigeria. Projected global ending stocks are 4.1 million tons higher this month at 264.7 million , which is a new record. COARS E GRAINS: This month’s 2017/18 U.S. corn outlook is for lower supplies, reduced feed and residual use and exports, and a decline in ending stocks. Corn production is forecast at 14.2 billion bushels, down 102 million from the July projection. The season’s first survey -based corn yield forecast, at 169.5 bushels per acre, is 1.2 bushels lower than last month’s trend- based projection. T his month’s Crop Production report indicates that South Dakota, Iowa, Minnesota, and Illinois are forecast to have yields below a year ago. The projected yield for Indiana is unchanged relative to last year, while Nebraska and Ohio are forecast higher. Sorghum production is forecast 13 million bushels higher with the forecast yield 2.6 bushels per acre above last month’s projection. WASDE- 568-2 Projected feed and residual use for 2017/18 is lowered 25 million bushels on a smaller crop. Exports are forecast down 25 million bushels, reflecting the increased competitiveness of supplies in Argentina and Brazil and the low level of new -crop outstanding sales. With supplies falling faster than use, ending stocks are reduced 52 million bushels. The projected range for the season- average corn price received by producers is unchanged at $2.90 to $3.70 per bushel. This month’s 2017/18 foreign coarse grain outlook is for virtually unchanged production, lower trade, and greater stocks relative to last month. EU corn and barley production are reduced. Canada corn production is down on lower projected harvested area. Corn and barley produc tion forecasts are raised for Russia based on higher corn area and favorable growing conditions for barley. Ukraine corn production is unchanged as a reduction in projected yield is offset by increased area. For 2016/17, corn production is increased for Brazil based on second crop corn harvest results to date. Major global corn grain trade changes for 2017/18 include corn export reductions for the EU, Serbia, and Canada. More than offsetting are increases for Ukraine and Russia. Brazil’s corn exports are raised for 2016/17 based on record- high shipments observed for the local marketing year beginning in March 2017. Corn imports for 2017/18 are raised, mostly reflecting increases for the EU and Iran. Foreign corn ending stocks are raised from last month. Historical revisions are made to corn stock estimates for Ukraine to better reflect statistics published by the government. RICE : Total U.S. rice supplies are lowered 5.0 million cwt from last month due to a smaller crop and a slight reduction in be ginning stocks. The 2017/18 U.S. rice production forecast is lowered 4.8 million cwt to 186.5 million based on the first survey -based yield forecast of the 2017/18 season. Long -grain production is lowered nearly 4.0 million cwt and combined medium - and s hort-grain production is down almost 0.9 million cwt. This is the smallest all rice crop since 2011/12. At 7,513 pounds per acre, the 2017/18 yield is down 194 pounds from the previous projection. Partly offsetting the reduction in supplies is a 2.5 mil lion cwt reduction in domestic and residual use. All rice ending stocks are lowered 2.5 million cwt to 30.0 million, the lowest in a decade. The 2017/18 all rice season -average farm price is raised $0.40 per cwt at the midpoint to a range of $12.20 to $1 3.20. Prices for all rice classes are raised this month. The 2017/18 global supplies are lowered fractionally with decreased production more than offsetting higher beginning stocks. This remains the second largest global crop on record. Foreign produ ction is lowered 0.9 million tons on reductions for Bangladesh and Sri Lanka. Global consumption for 2017/18 is lowered 0.6 million tons with the largest reduction for Bangladesh. Global exports are raised 0.5 million tons primarily on India. The 2017/18 global ending stocks are raised 0.4 million tons to 122.9 million. OILSEEDS : U.S. oilseed production for 2017/18 is projected at 130.9 million tons, up 3.9 million from last month mainly due to higher soybean production. Soybean production is forecast at 4,381 million bushels, up 121 million on higher yields. Harvested area is forecast at 88.7 million acres, unchanged from July. The first survey -based soybean yield forecast of 49.4 bushels per acre is 1.4 bushels above last month but 2.7 below last year’s record. With higher production and lower beginning stocks, soybean supplies for 2017/18 are projected at 4,777 million bushels, up 2 percent from last month. U.S. soybean exports are raised 75 WASDE- 568-3 million bushels to 2,225 million on increased supplies and lower prices. Crush is reduced on lower global soybean meal import demand. Soybean ending stocks are projected at 475 million bushels, up 15 million from last month. The U.S. season- average soybean price for 2017/18 is forecast at $8. 45 to $10. 15 per bushel, down 10 cents at the midpoint. The soybean meal price forecast of $295 to $335 per short ton is down $5.00 at the midpoint. The soybean oil price is forecast at 31 to 35 cents per pound, up 1 cent on both ends of the range. U.S. changes for 2016/17 include higher exports, lower crush, and lower ending stocks. Soybean exports are raised 50 million bushels to 2,150 million on outstanding export sales and shipments through July. With lower crush only partly offsetting higher exports, ending stocks are projected at 370 million bushels, down 40 million from last month. Global oilseed production for 2017/18 is projected at 576.7 million tons, up 2.8 million, mainly on a 2.3 -million -ton increase for soybean production. The higher U.S. forecast was partly offset with a 1.5- million -ton reduction for India based on the latest government planting data indicating lower harvested area. Soybean and canola production is projected down for Canada , where hot and dry weather conditions in the Canadian Prair ies lowered yield prospects for both crops , and excessive rainfall in eastern Canada led to a lower soybean harvested area estimate. Other changes include increased sunflowerseed production for Russia, increased rapeseed production for the EU, and lower p eanut production for India. Global soybean exports for 2017/18 are up 1.5 million tons as higher U.S. exports are partly offset by lower Argentina shipments. Beginning stocks for 2017/18 are raised based on lower crush and exports for Argentina for 2016/ 17. Coupled with higher production, 2017/18 soybean ending stocks are increased 4.3 million tons to 97.8 million. SUGAR : U.S. beet sugar production for the 2017/18 August -July crop year is increased by 89,500 short tons, raw value (STRV) to 5.131 millio n based on area and sugarbeet yield forecasts made by NASS in Crop Production report . Early -season production occurring in August and September is projected to constitute 10.7 percent of the total. Revised fiscal 2016/17 production of 4.998 million STRV incorporates the updated early season production . The projection for fiscal 2017/18 is 5.068 million STRV , up 80,000 from last month. Although NASS forecasts reduced area harvested for both Florida and Louisiana sugarcane, forecast yields in both states are up strongly over last year. Florida cane sugar production for 2017/18 is increased by 126,000 STRV to 2.126 million and Louisiana is increased by 26,000 STRV to 1.626 million. USDA increased the 2016/17 raw sugar tariff -rate quota (TRQ) by 269,724 S TRV and extended the time under which the sugar can enter by an additional month to October 31, in the 2017/18 fiscal year. The Office of the U.S. Trade Representative allocated this amount and reallocated existing, but yet unshipped, raw sugar TRQ among supplying countries. It is estimated that an additional 148,470 STRV of TRQ raw sugar will enter in 2016/17 and 161,499 STRV in 2017/18. Sugar imported from Mexico is projected to increase by 103,932 STRV in 2016/17 after the Commerce Department increase d the 2016/17 Export Limit but is reduced by nearly that same amount in 2017/18 due to lower beginning stocks in Mexico. Re-export imports of 25,000 STRV previously estimated to enter in 2016/17 are now WASDE- 568-4 projected to enter in 2017/18. High -tier tariff imp orts for 2016/17 are reduced to 10,000 STRV, based on the pace to date. Mexico 2016/17 sugar imports and deliveries for consumption are up fractionally based on the pace to date. Deliveries in 2017/18 are increased marginally to keep sweetener consumpti on per capita the same as in 2016/17. Exports to the United States in 2016/17 are increased by 88,949 MT to match the Export Limit increase made by the Commerce Department. These adjustments for 2016/17 imply a reduction in ending stocks of 86,577 MT. E xports to the United States for 2017/18 are residually projected at 1.466 million MT, an amount 94,091 lower than projected last month. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2017 is raised from last month , as increases in commercial beef and broiler production more than offset declines in pork and turkey production. The increase in beef production reflects relatively large cattle placements in the second quarter which will likely impact fourth quarter cattle slaughter. Second quarter broiler production is raised slightly based on June production data, but no change is made to the outlying quarters. Pork production is reduced on lower expected slaughter in the third quarter. Forecast turkey production is reduced on a slower -than- expected recovery in demand and relatively poor returns to producers . Egg production is increased modestly on recent hatchery data. For 2018, the beef production forecast is raised from the previous month, as expected higher placements in late 2017 and early 2018 result in higher steer and heifer slaughter. Pork, poultry, and egg production forecasts for 2018 are unchanged from the previous month. For 2017, beef imports are raised , as higher -than- expected shipments of lean processing beef fr om Oceania in June are expected to carry into the third quarter. The beef export forecast is lowered from last month on recent trade data and an expected slowdown in global demand for the remainder of 2017. Pork imports are raised slightly on recent trade data. The second quarter pork export forecast is adjusted for June data, but the forecast for the remainder of the year is unchanged. The b roiler export forecast is reduced on weak foreign demand. Turkey export s are adjusted to reflect June data. For 2018 , the beef import forecast is unchanged from the previous month while exports are lowered slightly. Pork, poultry, and egg trade forecasts are unchanged from the previous month. Fed cattle prices are reduced in 2017 and 2018 as current prices have weakened and larger expected supplies of fed cattle are expected to pressure prices. Hog price forecasts are raised for 2017 and 2018 on continued strength in demand. The annual broiler price forecast for 2017 is raised, but the price forecast for 2018 i s unchanged. The turkey price forecast s for 2017 and 2018 are lowered on slow recovery in demand. The egg price forecast for 2017 is raised , but no changes are made to the 2018 price forecast. The milk production forecasts for 2017 and 2018 are reduced from the previous month as slow growth in milk per cow more than offset s increases in dairy cow numbers. For 2017, fat basis exports are raised from the previous month on higher butter and anhydrous milk fat shipments. Fat basis imports are unchanged. The skim -solid basis export forecast for 2017 is lowered o n weaker than expected whey sales. The import forecast is unchanged. For 2018, fat basis exports are raised on stronger shipments of a number of dairy products. Fat basis i mports are lowered slig htly. Skim -solid b asis exports are raised on expected stronger WASDE- 568-5 sales of nonfat dry milk (NDM) and other dairy products while imports are unchanged from last month. Butter and cheese price forecasts are raised for 2017 and 2018 as demand strength is expected to carry into 2018. The 2017 and 2018 NDM and whey price forecasts are reduced from the previous month on weak demand. The 2017 Class III price forecast is unchanged at the midpoint , but the 2018 price is lowered as lower whey prices more than offset higher cheese prices. Class IV price forecasts for 2017 and 2018 are raised as stronger forecast butter prices more than offset lower NDM prices. The all milk price is raised to $17.80 to $18.00 per cwt for 2017, but is unchanged at $18.00 to $19.00 per cwt for 2018 . COTTON : The first survey of U.S. 2017 crop production indicates a crop of 20.5 million bales, 1.5 million above last month and the largest production in 11 years. The larger crop is partially offset by lower beginning stocks which are reduced 400,000 bales to 2.8 mi llion due to an increase in final 2016/17 exports. Domestic mill use for 2017/18 is lowered 50,000 bales, but exports are raised 700,000 based on the larger supply and strong early -season commitments. Ending stocks are now projected at 5.8 million bales which, if realized, would be the largest since 2008/09. The forecast range for the marketing year average price received by producers of 55 to 67 cents per pound is narrowed 1 cent on each end, with the midpoint unchanged at 61 cents. Sharply larger production is raising this month’s 2017/18 global stock forecasts. World production is increased 1.9 million bales, as higher production in the United States, China, and Benin is partially offset by a reduction for Turkey. The forecast for China’s crop is ra ised 500,000 bales mainly on higher area. World consumption for 2017/18 is forecast 375,000 bales higher this month, largely due to a 500,000 -bale increase for China. At 3.3 percent, growth in world cotton consumption in 2017/18 is projected at its highest rate in 5 years. World 2017/18 ending stocks are now projected at 90.1 million bales, an increase of 1.4 million from the July forecast, and 100,000 above 2016/17 . Approved by the Secretary of Agriculture and t he Chairman of the World Agricultu ral Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : SONNY PERDUE SECRETARY OF AGRICULTURE WASDE- 568-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: T he World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Willia m Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Graham Soley , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm, FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; B arbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry H aller, AMS; Sean Ramos, ERS; Tyler Cozzens, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report wil l be released on Sep. 12, Oct. 12, Nov. 9, and Dec. 12 WASDE- 568-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 August 2017 WASDE - 568 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2468.54 3047.58 376.65 2438.98 608.60 2016/17 (Est.) 2602.75 3211.34 425.46 2570.08 641.27 filler filler filler filler filler 2017/18 (Proj.) Jul 2537.93 3177.18 407.76 2566.16 611.03 2017/18 (Proj.) Aug 2539.92 3181.18 409.88 2565.43 615.75 filler filler filler filler filler Wheat 2015/16 736.97 954.66 172.87 711.81 242.86 2016/17 (Est.) 755.00 997.85 182.27 739.29 258.56 filler filler filler filler filler 2017/1 8 (Proj.) Jul 737.83 995.88 178.42 735.28 260.60 2017/18 (Proj.) Aug 743.18 1001.74 179.92 737.05 264.69 filler filler filler filler filler Coarse Grains 5/ 2015/16 1259.70 1506.01 163.33 1256.08 249.93 2016/17 (Est.) 1363.83 1613.76 200.11 1350.45 263.31 filler filler filler filler filler 2017/18 (Proj.) Jul 1316.44 1579.15 186.13 1351.24 227.91 2017/18 (Proj.) Aug 1314.15 1577.46 186.25 1349.32 228.14 filler filler filler filler filler Rice, milled 2015/16 471.87 586.90 40.45 471.09 115.81 2016/17 (Est.) 483.92 599.73 43.08 480.34 119.39 filler filler filler filler filler 2017/18 (Proj.) Jul 483.66 602.16 43.21 479.64 122.52 2017/18 (Proj.) Aug 482.59 601.98 43.71 479.07 122.92 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.57 556.03 94.78 362.88 98.37 filler filler filler filler filler 2017/18 (Proj.) Jul 429.31 535.79 82.85 363.96 88.98 2017/18 (Proj.) Aug 426.28 533.03 82.47 363.11 87.45 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.86 92.63 28.72 31.68 32.23 filler filler filler filler filler 2017/18 (Proj.) Jul 47.89 83.94 26.54 31.87 25.53 2017/18 (Proj.) Aug 47.33 83.65 26.54 31.73 25.38 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.60 454.08 62.38 327.02 64.68 filler filler filler filler filler 2017/18 (Proj.) Jul 375.34 443.54 52.85 328.28 62.41 2017/18 (Proj.) Aug 373.03 441.23 52.47 327.65 61.11 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/1 7 (Est.) 7.12 9.33 3.68 4.19 1.46 filler filler filler filler filler 2017/18 (Proj.) Jul 6.07 8.31 3.46 3.81 1.04 2017/18 (Proj.) Aug 5.92 8.15 3.46 3.73 0.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sor ghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2017 WASDE - 568 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,039.28 2,541.57 294.90 2,090.86 532.46 2016/17 (Est.) 2,130.17 2,655.31 330.68 2,207.19 542.90 filler filler filler filler filler 2017/18 (Proj.) Jul 2,108.63 2,641.40 324.91 2,202.19 522.05 2017/18 (Proj.) Aug 2,113.63 2,648.15 327.41 2,202.32 528.30 filler filler filler filler filler Wheat 2015/16 680.85 875.00 151.70 679.87 216.30 2016/17 (Est.) 692.14 905.22 153.55 707.62 226.32 filler filler filler filler filler 2017/18 (Proj.) Jul 689.94 911.94 151.89 703.41 235.06 2017/18 (Proj.) Aug 695.85 918.09 153.39 705.31 239.31 filler filler filler filler filler Coarse Grains 5/ 2015/16 892.69 1,088.12 106.15 943.48 201.82 2016/17 (Est.) 961.23 1,159.69 137.72 1,023.43 198.64 filler filler filler filler filler 2017/18 (Proj.) Jul 941.10 1,135.60 133.28 1,022.95 165.50 2017/18 (Proj.) Aug 941.12 1,136.23 133.78 1,021.67 167.03 filler filler filler filler filler Rice, mille d 2015/16 465.74 578.45 37.06 467.51 114.33 2016/17 (Est.) 476.81 590.40 39.40 476.14 117.94 filler filler filler filler filler 2017/18 (Proj.) Jul 477.59 593.85 39.74 475.83 121.48 2017/18 (Proj.) Aug 476.67 593.84 40.24 475.33 121.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.76 208.52 35.28 111.26 97.22 2016/17 (Est.) 106.49 203.71 37.39 113.63 89.99 filler filler filler filler filler 2017/18 (Proj.) Jul 115.36 205.64 36.81 117.03 88.73 2017/18 (Proj.) Aug 117.31 207.29 37.17 117.40 90.09 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.80 filler filler filler filler filler 2017/18 (Proj.) Jul 19.00 22.21 13.50 3.40 5.30 2017/18 (Proj.) Aug 20.55 23.36 14.20 3.35 5.80 filler filler filler filler filler Foreign 4/ 2015/16 83.87 191.94 26.13 107.81 93.42 2016/17 (Est.) 89.32 182.73 22.47 110.38 87.19 filler filler filler filler filler 2017/18 (Proj.) Jul 96.36 183.43 23.31 113.63 83.43 2017/18 (Proj.) Aug 96.76 183.94 22.97 114.05 84.29 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tabl es for treatment of export/import imbalances. August 2017 WASDE - 568 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilsee ds 2015/16 521.10 614.05 153.25 446.05 90.03 2016/17 (Est.) 571.51 661.53 168.58 468.11 108.47 filler filler filler filler filler 2017/18 (Proj.) Jul 573.94 679.86 172.89 488.37 104.54 2017/18 (Proj.) Aug 576.69 685.16 174.06 487.64 109.08 filler filler filler filler filler Oilmeals 2015/16 306.01 322.87 86.77 303.70 15.63 2016/17 (Est.) 320.25 335.88 88.54 316.53 16.39 filler filler filler filler filler 2017/18 (Proj.) Jul 334.42 351.27 92.88 331.05 16.40 2017/18 (Proj.) Aug 333.63 350.01 91.47 330.81 16.26 filler filler filler filler filler Vegetable Oils 2015/16 176.80 201.08 73.48 178.00 20.22 2016/17 (Est.) 185.43 205.65 77.33 182.86 18.60 filler filler filler filler filler 2017/18 (Proj.) Jul 194.99 213.60 79.31 189.41 20.01 2017/18 (Proj.) Aug 194.93 213.54 79.24 189.19 20.31 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016 /17 (Est.) 127.27 135.71 59.64 55.99 11.47 filler filler filler filler filler 2017/18 (Proj.) Jul 127.04 141.28 59.66 58.09 14.08 2017/18 (Proj.) Aug 130.90 143.90 61.77 57.87 14.77 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 42.81 47.12 10.84 35.93 0.35 filler filler filler filler filler 2017/18 (Proj.) Jul 44.79 49.13 11.59 37.22 0.33 2017/18 (Proj.) Aug 44.59 48.96 11.41 37.22 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.54 1.24 2016/17 (Est.) 11.43 17.36 1.37 14.60 1.39 filler filler filler filler filler 2017/18 (Proj.) Jul 11.82 18.03 1.32 15.17 1.53 2017/18 (Proj.) Aug 11.76 17.87 1.32 15.16 1.40 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.22 490.29 99.29 391.00 83.16 2016/17 (Est.) 444.24 525.82 108.94 412.12 97.01 filler filler filler filler filler 2017/18 ( Proj.) Jul 446.89 538.58 113.24 430.28 90.46 2017/18 (Proj.) Aug 445.79 541.26 112.28 429.77 94.31 filler filler filler filler filler Oilmeals 2015/16 263.24 275.73 75.59 268.01 15.36 2016/17 (Est.) 277.44 288.76 77.70 280.60 16.04 filler filler filler filler filler 2017/18 (Proj.) Jul 289.63 302.14 81.29 293.83 16.07 2017/18 (Proj.) Aug 289.04 301.06 80.06 293.59 15.93 filler filler filler filler filler Vegetable Oils 2015/16 165.59 184.05 72.23 163.47 18.98 2016/17 (Est.) 174.01 188.29 75.96 168.25 17.21 filler filler filler filler filler 2017/18 (Proj.) Jul 183.17 195.57 77.99 174.23 18.48 2017/18 (Proj.) Aug 183.18 195.66 77.92 174.03 18.91 filler filler filler filler filler 1/ Aggregate of local marketi ng years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2017 WASDE - 568 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Million Acres Area Planted 55.0 50.2 45.7 45.7 Area Harvested 47.3 43.9 38.1 38.1 Bushels Yield per Harvested Acre 43.6 52.6 46.2 45.6 Million Bushels Beginning Stocks 752 976 1,184 1,184 Production 2,062 2,310 1,760 1,739 Imports 113 118 140 150 Supply, Total 2,927 3,403 3,084 3,074 Food 957 949 955 950 Seed 67 61 66 66 Feed and Residual 149 154 150 150 Domestic, Total 1,174 1,164 1,171 1,166 Exports 778 1,055 975 975 Use, Total 1,951 2,219 2,146 2,141 Ending Stocks 976 1,184 938 933 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.40 - 5.20 4.40 - 5.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 807 535 367 162 3,403 Domestic Use 484 251 228 98 102 1,164 Exports 455 321 92 163 24 1,055 Use, Total 939 572 320 262 126 2,219 Ending Stocks, Total 593 235 215 105 36 1,184 2017/18 (Proj.) Beginning Stocks 593 235 215 105 36 1,184 Production 758 364 306 260 51 1,739 Supply, Total 3/ 1,358 667 543 375 130 3,074 Domestic Use 495 266 217 100 88 1,166 Exports 410 270 90 185 20 975 Use, Total 905 536 307 285 108 2,141 Ending Stocks, Total Aug 453 131 236 90 22 933 Ending Stocks, Total Jul 448 122 236 107 26 938 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. August 2017 WASDE - 568 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GR AINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Million Acres Area Planted 103.2 106.6 101.8 * 101.8 Area Harvested 93.0 96.5 91.6 * 91.6 Metric Tons Yield per Harvested Acre 3.94 4.17 4.09 4.07 Million Metric Tons Beginning Stocks 46.9 48.1 64.7 64.7 Production 366.7 402.3 375.0 372.7 Imports 3.7 3.2 3.3 3.3 Supply, Total 417.4 453.6 443.0 440.7 Feed and Residual 135.2 143.5 142.9 142.3 Food, Seed & Industrial 176.8 183.0 184.8 184.8 Domestic, Total 312.1 326.5 327.8 327.1 Exports 57.2 62.4 52.8 52.5 Use, Total 369.3 388.9 380.6 379.6 Ending Stocks 48.1 64.7 62.4 61.1 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Million Acres Area Planted 88.0 94.0 90.9 * 90.9 Area Harvested 80.8 86.7 83.5 * 83.5 Bushels Yield per Harvested Acre 168.4 174.6 170.7 * 169.5 Million Bushels Beginning Stocks 1,731 1,737 2,370 2,370 Production 13,602 15,148 14,255 14,153 Imports 68 55 50 50 Supply, Total 15,401 16,940 16,675 16,573 Feed and Residual 5,113 5,425 5,475 5,450 Food, Seed & Industrial 2/ 6,650 6,920 7,000 7,000 Ethanol & by -products 3/ 5,224 5,450 5,500 5,500 Domestic, Total 11,763 12,345 12,475 12,450 Exports 1,901 2,225 1,875 1,850 Use, Total 13,664 14,570 14,350 14,300 Ending Stocks 1,737 2,370 2,325 2,273 Avg. Farm Price ($/bu) 4/ 3.61 3.30 - 3.40 2.90 - 3.70 2.90 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorg hum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. * For July, planted acres reported in the June 30, 2017, "Acreage." The corn yield projection is based on a weather -adjusted trend assuming normal mid -May planting progress and summer growing season weather, estimated using the 1988 -2016 time period, and includes a downward stochastic adjustment to account for the asymmetric respo nse of yield to July precipitation. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA -ERS, Feed Outlook No. (FDS -13G-01), July 2013, www.ers.usda.gov/webdocs/publications/fds13g 01/39297_fds -13g-01.pdf?v=41481.) August 2017 WASDE - 568 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 6.0 * 6.0 Area Harvested (mil. acres) 7.9 6.2 5.3 * 5.3 Yield (bushels/acre) 76.0 77.9 67.0 * 69.6 Beginning Stocks 18 37 53 53 Production 597 480 356 369 Imports 5 1 0 0 Supply, Total 620 518 409 422 Feed and Residual 107 130 60 60 Food, Seed & Industrial 137 110 100 100 Total Domestic 244 240 160 160 Exports 340 225 200 210 Use, Total 583 465 360 370 Ending Stocks 37 53 49 52 Avg. Farm Price ($/bu) 2/ 3.31 2.70 - 2.80 2.50 - 3.30 2.50 - 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.4 * 2.4 Area Harvested (mil. acres) 3.2 2.6 1.9 * 1.9 Yield (bushels/acre) 69.1 77.9 73.5 * 72.1 Beginning Stocks 79 102 108 108 Production 218 199 143 140 Imports 19 10 15 15 Supply, Total 315 311 266 263 Feed and Residual 50 46 35 35 Food, Seed & Industrial 153 153 153 153 Total Domestic 202 199 188 188 Exports 11 4 5 5 Use, Total 213 203 193 193 Ending Stocks 102 108 73 70 Avg. Farm Price ($/bu) 2/ 5.52 4.96 5.05 - 6.05 4.90 - 5.90 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.5 * 2.5 Area Harvested (mil. acres) 1.3 1.0 0.9 * 0.9 Yield (bushels/acre) 70.2 66.0 61.0 * 61.0 Beginning Stocks 54 57 52 52 Production 90 65 54 54 Imports 86 90 100 100 Supply, Total 229 212 206 206 Feed and Residual 93 78 90 90 Food, Seed & Industrial 77 78 80 80 Total Domestic 170 156 170 170 Exports 2 3 2 2 Use, Total 172 159 172 172 Ending Stocks 57 52 34 34 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.15 - 2.65 2.35 - 2.85 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For J uly for sorghum planted and harvested acres reported in the June 30, 2017, "Acreage." The yield is the median yield for 1985 -2016. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2017, "Crop Production." August 2017 WASDE - 568 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Million Acres Area Planted 2.63 3.15 2.56 * 2.56 Area Harvested 2.59 3.10 2.48 * 2.48 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,707 * 7,513 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.1 45.9 Production 193.1 224.1 191.3 186.5 Imports 24.1 23.3 24.2 24.2 Supply, Total 265.8 293.9 261.6 256.6 Domestic & Residual 3/ 112.4 132.0 120.0 117.5 Exports, Total 4/ 107.0 116.0 109.0 109.0 Rough 39.3 42.0 41.0 41.0 Milled (rough equiv.) 67.7 74.0 68.0 68.0 Use, Total 219.3 248.0 229.0 226.5 Ending Stocks 46.5 45.9 32.6 30.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.30 11.80 - 12.80 12.20 - 13.20 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 31.5 31.3 Production 133.4 166.5 136.4 132.4 Supply, Total 7/ 180.7 209.3 188.9 184.7 Domestic & Residual 3/ 82.1 100.0 92.0 90.0 Exports 8/ 75.9 78.0 77.0 77.0 Use, Total 158.0 178.0 169.0 167.0 Ending Stocks 22.7 31.3 19.9 17.7 Avg. Farm Price ($/cwt) 6/ 11.20 9.60 11.20 - 12.20 11.50 - 12.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 11.8 11.8 Production 59.7 57.7 54.9 54.0 Supply, Total 7/ 82.2 81.8 69.9 69.0 Domestic & Residual 3/ 30.3 32.0 28.0 27.5 Exports 8/ 31.0 38.0 32.0 32.0 Use, Total 61.3 70.0 60.0 59.5 Ending Stocks 20.9 11.8 9.9 9.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.80 13.40 - 14.40 14.20 - 15.20 Calif ornia 10/ 18.10 13.50 14.00 - 15.00 15.00 - 16.00 Other States 1/ 11.20 10.10 11.40 - 12.40 11.70 - 12.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the followin g quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice an d milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly pric es and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10 . 10/ Marketing year beginning October 1. * For July-- Planted and harvested area reported in June 30 "Acreage" report. Projected yield is based on linear trend analysis by rice class for the period 1997/98 to 2016/17. August 2017 WAS DE - 568 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 89.5 * 89.5 Area Harvested 81.7 82.7 88.7 * 88.7 Fil ler Bushels Yield per Harvested Acre 48.0 52.1 48.0 * 49.4 Million Bushels Beginning Stocks 191 197 410 370 Production 3,926 4,307 4,260 4,381 Imports 24 25 25 25 Supply, Total 4,140 4,528 4,695 4,777 Crushings 1,886 1,890 1,950 1,940 Exports 1,942 2,150 2,150 2,225 Seed 97 104 101 101 Residual 18 14 34 35 Use, Total 3,944 4,158 4,235 4,301 Ending Stocks 197 370 460 475 Avg. Farm Price ($/bu) 2/ 8.95 9.50 8.40 - 10.40 8.45 - 10.15 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 2,097 1,982 Production 4/ 21,950 21,945 22,620 22,505 Imports 287 350 325 325 Supply, Total 24,092 23,982 25,042 24,812 Domestic Disappearance 20,162 19,600 20,450 20,450 Biodiesel 3/ 5,670 6,000 6,450 6,450 Food, Feed & other Industrial 14,492 13,600 14,000 14,000 Exports 2,243 2,400 2,300 2,300 Use, Total 22,40 5 22,000 22,750 22,750 Ending stocks 1,687 1,982 2,292 2,062 Avg. Price (c/lb) 2/ 29.86 32.50 30.00 - 34.00 31.00 - 35.00 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. July August Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 300 325 Production 4/ 44,672 44,361 46,300 46,075 Imports 403 350 300 300 Supply, Total 45,336 44,975 46,900 46,700 Domestic Disappearance 33,118 33,050 34,200 34,200 Exports 11,954 11,600 12,400 12,200 Use, Total 45,072 44,650 46,600 46,400 Ending Stocks 264 325 300 300 Avg. Price ($/s.t.) 2/ 324.56 320.00 300.00 - 340.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginni ng September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur . 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 mill ion bushels for 2016/17 and 1,940 million bushels for 2017/18. *Planted and harvested acres are from the June 30, 2017 Acreage report. The projected yield is based on a weather -adjusted trend model. August 2017 WASDE - 568 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,440 1,675 Production 2/ 8,989 8,848 8,738 8,970 Beet Sugar 5,119 4,998 4,988 5,068 Cane Sugar 3,870 3,850 3,750 3,902 Florida 2,173 2,055 2,000 2,126 Hawaii 152 43 0 0 Louisiana 1,428 1,612 1,600 1,626 Texas 116 140 150 150 Imports 3,341 3,353 3,557 3,631 TRQ 3/ 1,620 1,727 1,549 1,707 Other Program 4/ 396 350 175 200 Other 5/ 1,325 1,276 1,833 1,724 Mexico 1,309 1,266 1,823 1,714 Total Supply 14,145 14,255 13,735 14,276 Exports 74 125 25 25 Deliveries 12,051 12,455 12,578 12,578 Food 6/ 11,881 12,300 12,423 12,423 Other 7/ 170 155 155 155 Miscella neous -33 0 0 0 Total Use 12,091 12,580 12,603 12,603 Ending Stocks 2,054 1,675 1,132 1,673 Stocks to Use Ratio 17.0 13.3 9.0 13.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (158). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month roll over into 2017/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (10) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Jul 1,037 5,957 85 4,851 1,160 1,068 2016/17 Est. Aug 1,037 5,957 94 4,858 1,248 981 2017/18 Proj. Jul 1,068 6,100 75 4,858 1,571 815 2017/18 Proj. Aug 981 6,100 75 4,864 1,476 816 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, estimated Oct -Sep 2016/17 = 1,484; projected 2017/18 = 1,484; Oct - Jun 2015/16 = 1,084; Oct - Jun 2016/17 = 1,134. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustment s. IMMEX: 2015/16 (390 est), 2016/17 (390 est), 2017/18 (330 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 (0), 2017/18 (0). August 2017 WASDE - 568 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.06 ** 12.06 Harvested 8.07 9.51 11.18 ** 11.05 Fil ler Pounds Yield per Harvested Acre 766 867 816 ** 892 Million 480 Pound Bales Beginning Stocks 3.65 3.80 3.20 2.80 Production 12.89 17.17 19.00 20.55 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 22.21 23.36 Domestic Use 3.45 3.25 3.40 3.35 Exports, Total 9.15 14.92 13.50 14.20 Use, Total 12.60 18.17 16.90 17.55 Unaccounted 2/ 0.17 0.01 0.01 0.01 Ending Stocks 3.80 2.80 5.30 5.80 Avg. Farm Price 3/ 61.2 68.0 54.00 - 68.00 55.00 - 67.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long s taple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area as reported in June 30, 2017 Plantings. Harvested area based on 10- year average abandonment by region, with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yield per harvested acre based on 5 -year average yields by region. August 2017 WASDE - 568 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.69 736.97 170.04 136.44 711.81 172.87 242.86 United States 20.48 56.12 3.07 4.06 31.94 21.17 26.55 Total Foreign 197.22 680.85 166.98 132.38 679.87 151.70 216.30 Major Exporters 4/ 29.26 223.54 7.57 65.68 150.85 82.54 26.99 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.68 7.87 22.13 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.12 205.47 92.37 27.86 264.70 6.43 139.83 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.21 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.62 8.04 22.37 0.97 5.11 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 242.86 755.00 178.77 146.86 739.29 182.27 258.56 United States 26.55 62.86 3.22 4.20 31.68 28.72 32.23 Total Foreign 216.30 692.14 175.55 142.67 707.62 153.55 226.32 Major Exporters 4/ 26.99 230.01 5.94 66.10 152.56 82.95 27.43 Argentina 0.62 17.50 0.01 0.10 5.90 11.70 0.52 Australia 5.64 35.11 0.15 4.50 7.96 24.00 8.94 Canada 5.18 31.70 0.49 5.00 10.20 20.25 6.91 European Union 5/ 15.56 145.70 5.30 56.50 128.50 27.00 11.06 Major Importers 6/ 139.83 200.16 95.56 35.83 277.48 5.98 152.08 Brazil 1.00 6.73 7.10 0.80 11.90 0.70 2.23 China 97.04 128.85 4.80 16.50 118.50 0.80 111.39 Sel. Mideast 7/ 14.43 20.24 17.90 4.97 39.10 0.54 12.93 N. Africa 8/ 16.63 14.08 28.50 2.28 44.77 0.64 13.80 Pakistan 3.83 25.60 0.03 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.11 0.00 26.08 9.19 24.67 1.04 5.48 Selected Other India 14.54 87.00 5.90 4.70 97.50 0.40 9.54 FSU-12 16.77 130.54 7.47 28.05 79.17 53.75 21.86 Russia 5.61 72.53 0.50 17.00 40.00 27.80 10.84 Kazakhstan 2.60 14.99 0.09 2.10 6.90 6.80 3.97 Ukraine 3.35 26.80 0.04 3.60 10.30 18.00 1.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Aust ralia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 258.05 737.83 178.02 139.31 735.28 178.42 260.60 Aug 258.56 743.18 179.35 140.63 737.05 179.92 264.69 United States Jul 32.23 47.89 3.81 4.08 31.87 26.54 25.53 Aug 32.23 47.33 4.08 4.08 31.73 26.54 25.38 Total Foreign Jul 225.82 689.94 174.21 135.23 703.41 151.89 235.06 Aug 226.32 695.85 175.27 136.55 705.31 153.39 239.31 Major Exporters 4/ Jul 27.45 219.35 7.11 63.60 150.0 5 82.50 21.36 Aug 27.43 217.06 7.11 63.30 149.65 80.50 21.45 Argentina Jul 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Aug 0.52 17.50 0.01 0.10 6.00 11.50 0.53 Australia Jul 8.94 23.50 0.15 4.50 8.00 19.00 5.59 Aug 8.94 23.50 0.15 4.50 8.00 19.00 5.59 Canada Jul 7.16 28.35 0.45 3.50 8.80 22.00 5.16 Aug 6.91 26.50 0.45 3.20 8.40 20.50 4.96 European Union 5/ Jul 10.83 150.00 6.50 55.50 127.25 30.00 10.08 Aug 11.06 149.56 6.50 55.50 127.25 29.50 10.37 Major Importer s 6/ Jul 151.21 203.55 92.33 29.58 275.27 6.52 165.30 Aug 152.08 203.15 93.03 29.98 275.89 6.52 165.85 Brazil Jul 2.23 5.60 7.00 0.50 11.70 1.00 2.13 Aug 2.23 5.20 7.20 0.50 11.70 1.00 1.93 China Jul 110.99 130.00 3.00 13.00 116.00 0.80 127.19 Aug 111.39 130.00 3.00 13.00 116.00 0.80 127.59 Sel. Mideast 7/ Jul 12.78 19.48 18.40 4.92 39.85 0.74 10.07 Aug 12.93 19.48 18.40 4.92 39.87 0.74 10.20 N. Africa 8/ Jul 13.64 17.80 28.15 2.18 45.28 0.69 13.63 Aug 13.80 17.80 28.15 2.18 45.28 0.69 13.79 Pakistan Jul 4.35 26.20 0.03 0.90 25.40 0.60 4.58 Aug 4.35 26.20 0.03 0.90 25.40 0.60 4.58 Southeast Asia 9/ Jul 5.33 0.00 24.75 7.09 23.24 1.03 5.81 Aug 5.48 0.00 25.25 7.49 23.84 1.03 5.86 Selected Other India Jul 9.54 96.00 4.00 5.00 99.00 0.50 10.04 Aug 9.54 96.00 4.00 5.00 99.00 0.50 10.04 FSU-12 Jul 21.87 125.17 7.93 29.30 80.53 52.49 21.96 Aug 21.86 133.77 7.99 30.20 81.42 55.99 26.21 Russia Jul 10.84 72.00 0.50 18.00 41.00 30.50 11.84 Aug 10.84 77.50 0.50 19.00 42.00 31.50 15.34 Kazakhstan Jul 3.97 13.00 0.05 2.10 6.90 7.00 3.12 Aug 3.97 14.00 0.05 2.10 6.90 7.50 3.62 Ukraine Jul 1.88 24.00 0.03 3.60 10.20 14.00 1.71 Aug 1.89 26.50 0.03 3.60 10.20 16.00 2.21 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in mark eting years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 246.32 1,259.70 181.32 768.21 1,256.08 163.33 249.93 United States 46.95 367.01 3.93 135.52 312.60 57.18 48.11 Total Foreign 199.37 892.69 177.38 632.70 943.48 106.15 201.82 Major Exporters 4/ 20.12 153.80 7.92 84.13 113.32 51.62 16.90 Argentina 4.27 37.94 0.01 9.36 14.32 25.22 2.68 Australia 1.53 12.44 0.00 4.19 5.87 6.94 1.17 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.12 246.12 124.04 271.87 353.65 15.71 49.92 European Union 6/ 18.89 152.66 14.24 117.09 157.26 13.11 15.41 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.43 32.77 32.81 55.97 64.32 0.11 15.58 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.71 27.51 15.20 33.16 41.22 0.93 4.28 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.21 82.55 0.54 38.60 53.78 31.25 5.28 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 2.99 33.39 0.05 9.14 12.77 21.19 2.47 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 249.93 1,363.83 175.70 800.01 1,350.45 200.11 263.31 United States 48.11 402.60 3.37 143.74 327.02 62.38 64.68 Total Foreign 201.82 961.23 172.34 656.28 1,023.43 137.72 198.64 Major Exporters 4/ 16.90 209.73 2.56 89.09 120.69 82.79 25.70 Argentina 2.68 48.57 0.01 10.76 16.03 30.51 4.72 Australia 1.17 16.91 0.00 4.14 5.81 10.18 2.09 Brazil 7.07 101.35 1.20 53.33 63.89 35.03 10.70 Canada 4.67 25.63 1.09 14.37 21.85 4.55 4.99 Major Importers 5/ 49.92 242.62 125.35 279.78 362.05 9.62 46.22 European Union 6/ 15.41 152.21 14.01 119.85 160.37 7.46 13.80 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico 5.89 33.50 15.61 27.95 46.87 0.75 7.38 N. Afr & Mideast 7/ 15.58 26.21 35.86 56.91 64.75 0.17 12.74 Saudi Arabia 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ 4.28 29.89 13.72 35.16 42.97 1.25 3.66 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Oth er China 112.05 227.44 14.45 172.65 251.33 0.07 102.55 FSU-12 5.28 93.25 0.71 41.29 56.67 36.79 5.78 Russia 1.33 40.77 0.11 22.08 31.73 8.52 1.96 Ukraine 2.47 39.26 0.06 9.08 12.55 27.01 2.23 1/ Aggreg ate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excl udes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected Nor th Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 262.70 1,316.44 178.76 814.50 1,351.24 186.13 227.91 Aug 263.31 1,314.15 180.55 814.29 1,349.32 186.25 228.14 United States Jul 64.68 375.34 3.53 143.19 328.28 52.85 62.41 Aug 64.68 373.03 3.53 142.56 327.65 52.47 61.11 Total Foreign Jul 198.02 941.10 175.23 671.31 1,022.95 133.28 165.50 Aug 198.64 941.12 177.02 671.73 1,021.67 133.78 167.03 Major Exporters 4/ Jul 25.60 195.10 2.05 91.19 122.97 78.21 21.57 Aug 25.70 193.89 2.05 90.48 122.26 77.71 21.67 Argentina Jul 4.82 47.25 0.01 11.32 16.78 30.81 4.49 Aug 4.72 47.25 0.01 11.32 16.78 30.81 4.39 Australia Jul 2.39 11.43 0.00 4.04 5.71 7.13 0.98 Aug 2.09 11.43 0.00 4.04 5.71 6.93 0.88 Brazil Jul 10.20 97.60 0.85 54.30 64.75 34.02 9.89 Aug 10.70 97.60 0.85 54.30 64.75 34.02 10.39 Canada Jul 4.99 25.78 0.86 15.61 23.27 4.55 3.81 Aug 4.99 24.57 0.86 14.90 22.56 4.25 3.61 Major Importers 5/ Jul 45.88 245.92 130.20 287.03 369.65 11.28 41.07 Aug 46.22 243.59 132.20 287.88 370.40 9.98 41.63 European Union 6/ Jul 13.64 152.70 15.61 119.70 160.32 9.61 12.02 Aug 13.80 150.37 16.61 119.65 160.17 8.31 12.30 Japan Jul 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Aug 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Mexico Jul 7.38 31.83 16.20 29.22 48.19 0.70 6.51 Aug 7.38 31.83 16.20 29.22 48.19 0.70 6.51 N. Afr & Mideast 7/ Jul 12.53 30.32 37.18 59.57 67.57 0.25 12.22 Aug 12.74 30.32 38.18 60.52 68.52 0.25 12.48 Saudi Arabia Jul 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Aug 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Southeast Asia 8/ Jul 3.69 30.26 15.12 37.41 45.21 0.73 3.13 Aug 3.66 30.26 15.12 37.36 45.16 0.73 3.15 South Korea Jul 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Aug 1.93 0.20 10.27 8.04 10.51 0.00 1.89 Selected Other China Jul 102.57 223.04 11.90 174.95 255.38 0.03 82.10 Aug 102.55 223.04 12.15 175.20 255.63 0.03 82.08 FSU-12 Jul 5.69 91.14 0.64 41.90 57.42 34.79 5.26 Aug 5.78 93.89 0.65 41.73 56.97 37.39 5.96 Russia Jul 2.06 41.65 0.11 22.30 32.05 9.66 2.10 Aug 1.96 42.80 0.11 22.65 32.20 10.36 2.30 Ukraine Jul 2.13 37.09 0.03 9.56 13.11 24.21 1.93 Aug 2.23 38.49 0.03 8.84 12.31 26.11 2.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middl e East, South Kor ea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.24 969.49 139.39 601.69 965.22 119.62 213.51 United States 43.97 345.51 1.72 129.87 298.79 48.29 44.12 Total Foreign 165.27 623.98 137.68 471.82 666.44 71.33 169.38 Major Exporters 4/ 13.19 104.21 5.67 60.60 77.67 36.48 8.93 Argentina 2.90 29.00 0.01 5.90 9.20 21.64 1.06 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.72 144.90 196.44 4.44 22.32 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.77 55.50 73.50 1.95 6.69 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.70 27.46 15.19 33.10 41.15 0.93 4.27 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 2.76 39.87 0.39 16.63 19.34 21.42 2.26 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 213.51 1,070.51 137.49 630.83 1,055.41 162.41 228.61 United States 44.12 384.78 1.40 137.80 313.58 56.52 60.20 Total Foreig n 169.38 685.73 136.09 493.03 741.83 105.89 168.41 Major Exporters 4/ 8.93 156.20 0.56 64.70 83.90 65.00 16.78 Argentina 1.06 41.00 0.01 7.30 11.00 27.50 3.57 Brazil 6.77 98.50 0.50 51.00 60.50 35.00 10.27 South Africa 1.10 16.70 0.05 6.40 12.40 2.50 2.95 Major Importers 5/ 22.32 124.53 80.30 147.65 200.40 4.01 22.74 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.69 61.14 13.40 54.30 72.90 2.00 6.33 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.40 14.80 22.00 39.90 0.75 6.76 Southeast Asia 7/ 4.27 29.84 13.70 35.10 42.90 1.25 3.66 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.30 12.72 1.30 2.42 China 110.77 219.55 3.00 162.00 232.00 0.05 101.28 FSU-12 2.26 47.36 0.42 17.46 20.24 27.36 2.44 Ukraine 1.39 28.00 0.05 5.40 6.80 21.50 1.14 1/ Aggregate of local marketing years. 2/ Tot al foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Br azil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 227.51 1,036.90 145.80 652.15 1,063.60 152.46 200.8 1 Aug 228.61 1,033.47 147.21 651.32 1,061.22 152.03 200.87 United States Jul 60.20 362.09 1.27 139.07 316.88 47.63 59.06 Aug 60.20 359.50 1.27 138.44 316.25 46.99 57.74 Total Foreign Jul 167.31 674.80 144.53 513.08 746.72 104.84 141.75 Aug 168.41 673.97 145.94 512.88 744.97 105.04 143.13 Major Exporters 4/ Jul 16.28 147.50 0.41 65.80 85.00 64.20 14.99 Aug 16.78 147.50 0.41 65.80 85.00 64.20 15.49 Argentina Jul 3.57 40.00 0.01 8.00 11.80 28.50 3.27 Aug 3.57 40.00 0.01 8.00 11.80 28.50 3.27 Brazil Jul 9.77 95.00 0.30 52.00 61.50 34.00 9.57 Aug 10.27 95.00 0.30 52.00 61.50 34.00 10.07 South Africa Jul 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Aug 2.95 12.50 0.10 5.80 11.70 1.70 2.15 Major Importers 5/ Jul 22.43 122.97 85.30 153.40 206.45 3.73 20.51 Aug 22.74 121.38 86.30 153.55 206.60 2.93 20.89 Egypt Jul 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Aug 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Jul 5.99 61.60 15.00 56.00 74.70 2.30 5.59 Aug 6.33 60.01 16.00 56.20 74.90 1.50 5.94 Japan Jul 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Aug 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Jul 6.76 25.00 15.50 22.70 40.70 0.70 5.86 Aug 6.76 25.00 15.50 22.70 40.70 0.70 5.86 Southeast Asia 7/ Jul 3.69 30.21 15.10 37.35 45.15 0.72 3.13 Aug 3.66 30.21 15.10 37.30 45.10 0.72 3.15 South Korea Jul 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Aug 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Selected Other Canada Jul 2.42 14.40 0.80 8.50 14.10 1.50 2.02 Aug 2.42 13.90 0.80 8.20 13.80 1.30 2.02 China Jul 101.30 215.00 3.00 166.00 238.00 0.02 81.28 Aug 101.28 215.00 3.00 166.00 238.00 0.02 81.26 FSU-12 Jul 2.45 48.80 0.37 19.40 22.18 26.71 2.73 Aug 2.44 49.30 0.38 18.30 21.08 28.21 2.83 Ukraine Jul 1.04 28.50 0.03 6.50 7.90 20.50 1.16 Aug 1.14 28.50 0.03 5.50 6.90 21.50 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to ref lect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the Eu ropean Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2017 WASDE - 568 - 24 World Rice Supply and Use (Mil led Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 115.03 471.87 38.27 471.09 40.45 115.81 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 113.48 465.74 37.51 467.51 37.06 114.33 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.82 62.46 12.24 75.96 0.84 8.72 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.91 3.43 0.03 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 115.81 483.92 38.95 480.34 43.08 119.39 United States 1.48 7.12 0.74 4.19 3.68 1.46 Total Foreign 114.33 476.81 38.21 476.15 39.40 117.94 Major Exporters 4/ 29.18 161.97 0.56 132.90 30.60 28.21 India 18.40 108.00 0.00 96.50 10.60 19.30 Pakistan 0.92 6.80 0.01 2.90 4.00 0.83 Thailand 8.40 19.20 0.25 11.00 10.00 6.85 Vietnam 1.46 27.97 0.30 22.50 6.00 1.23 Major Importers 5/ 8.72 65.09 11.25 75.82 1.08 8.15 Brazil 0.31 8.38 0.55 7.93 0.75 0.56 European Union 6/ 1.18 2.07 1.85 3.65 0.28 1.17 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ 0.80 1.96 3.50 5.50 0.00 0.75 Selected Other 0.00 Burma 0.69 12.40 0.01 10.70 1.90 0.50 C. Amer & Carib 8/ 0.53 1.70 1.82 3.53 0.03 0.49 China 63.74 144.85 5.15 143.50 0.81 69.43 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.18 0.80 0.90 0.05 0.16 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East , and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2017 WASDE - 568 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginnin g Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 118.50 483.66 40.81 479.64 43.21 122.52 Aug 119.39 482.59 41.62 479.07 43.71 122.92 United States Jul 1.46 6.07 0.77 3.81 3.46 1.04 Aug 1.46 5.92 0.77 3.73 3.46 0.96 Total Foreign Jul 117.03 477.59 40.04 475.83 39.74 121.48 Aug 117.94 476.67 40.85 475.33 40.24 121.96 Major Exporters 4/ Jul 27.41 163.75 0.55 134.10 31.10 26.51 Aug 28.21 163.75 0.55 134.00 31.60 26.91 India Jul 19.40 108.00 0.00 97.00 11.00 19.40 Aug 19.30 108.00 0.00 97.00 11.50 18.80 Pakistan Jul 0.83 6.90 0.00 2.90 4.10 0.73 Aug 0.83 6.90 0.00 2.90 4.10 0.73 Thailand Jul 5.85 20.40 0.25 11.50 10.00 5.00 Aug 6.85 20.40 0.25 11.50 10.00 6.00 Vietnam Jul 1.33 28.45 0.30 22.70 6.00 1.38 Aug 1.23 28.45 0.30 22.60 6.00 1.38 Major Importers 5/ Jul 8.07 64.44 12.45 75.70 1.03 8.23 Aug 8.15 64.44 12.45 75.70 1.03 8.31 Brazil Jul 0.48 8.00 0.60 7.90 0.70 0.48 Aug 0.56 8.00 0.60 7.90 0.70 0.56 European Union 6/ Jul 1.17 2.08 1.90 3.75 0.28 1.12 Aug 1.17 2.08 1.90 3.75 0.28 1.12 Indonesia Jul 3.54 37.00 0.50 37.40 0.02 3.62 Aug 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Jul 0.40 2.77 2.20 4.90 0.00 0.47 Aug 0.40 2.77 2.20 4.90 0.00 0.47 Philippines Jul 1.41 11.20 1.80 12.90 0.00 1.51 Aug 1.41 11.20 1.80 12.90 0.00 1.51 Sel. Mideast 7/ Jul 0.75 1.96 3.60 5.60 0.00 0.71 Aug 0.75 1.96 3.60 5.60 0.00 0.71 Selected Other Burma Jul 0.50 12.30 0.01 10.75 1.70 0.36 Aug 0.50 12.30 0.01 10.75 1.70 0.36 C. Amer & Carib 8/ Jul 0.51 1.65 1.84 3.53 0.03 0.44 Aug 0.49 1.65 1.84 3.53 0.03 0.42 China Jul 69.54 145.00 5.00 143.00 0.80 75.74 Aug 69.43 145.00 5.00 143.00 0.90 75.53 Egypt Jul 1.57 4.00 0.05 4.25 0.20 1.17 Aug 1.57 4.00 0.05 4.25 0.10 1.27 Japan Jul 2.37 7.60 0.69 8.50 0.08 2.08 Aug 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Jul 0.16 0.19 0.80 0.91 0.00 0.23 Aug 0.16 0.19 0.80 0.91 0.00 0.23 South Korea Jul 1.74 3.90 0.41 4.65 0.00 1.39 Aug 1.74 3.90 0.41 4.65 0.00 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoir e, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2017 WASDE - 568 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.75 96.76 35.22 111.26 35.28 -0.02 97.22 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.10 83.87 35.19 107.81 26.13 -0.19 93.42 Major Exporters 4/ 30.34 47.08 1.77 31.65 23.03 -0.28 24.80 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.23 3/ 0.12 4.87 0.00 1.43 S. Hemis 7/ 11.37 9.98 0.25 4.11 7.69 -0.29 10.09 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 34.00 31.10 71.95 2.07 0.09 66.89 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 97.22 106.49 37.13 113.63 37.39 -0.17 89.99 United States 3.80 17.17 0.01 3.25 14.92 0.01 2.80 Total Foreign 93.42 89.32 37.12 110.3 8 22.47 -0.18 87.19 Major Exporters 4/ 24.80 50.62 3.59 31.04 19.32 -0.27 28.93 Central Asia 5/ 2.09 5.90 3/ 2.54 2.98 0.00 2.47 Afr. Fr. Zone 6/ 1.43 5.03 3/ 0.12 4.55 0.01 1.78 S. Hemis 7/ 10.09 12.32 0.37 4.23 6.97 -0.30 11.88 Australia 1.93 4.20 3/ 0.04 3.60 -0.15 2.65 Brazil 6.26 6.80 0.19 3.20 2.79 -0.15 7.41 India 10.94 27.00 2.70 23.50 4.55 0.00 12.59 Major Importers 8/ 66.89 35.86 31.25 75.30 2.05 0.09 56.58 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.00 37.50 0.05 0.00 48.40 European Union 9/ 0.30 1.31 0.72 0.72 1.38 0.00 0.23 Turkey 1.58 3.20 3.60 6.40 0.34 0.00 1.65 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.40 3.30 0.01 0.00 0.63 Thailand 0.20 3/ 1.20 1.18 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals ma y not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stoc ks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, inclu des Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2017 WASDE - 568 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 90.27 115.36 36.77 117.03 36.81 -0.16 88.73 Aug 89.99 117.31 37.19 117.40 37.17 -0.19 90.09 United States Jul 3.20 19.00 0.01 3.40 13.50 0.01 5.30 Aug 2.80 20.55 0.01 3.35 14.20 0.01 5.80 Total Foreign Jul 87.07 96.36 36.76 113.63 23.31 -0.17 83.43 Aug 87.19 96.76 37.18 114.05 22.97 -0.20 84.29 filler filler filler filler filler filler filler Major Exporters 4/ Jul 28.83 53.92 2.14 32.50 20.05 -0.29 32.63 Aug 28.93 54.02 2.04 32.25 19.81 -0.29 33.21 Central Asia 5/ Jul 2.47 6.19 3/ 2.65 3.05 0.00 2.96 Aug 2.47 6.20 3/ 2.65 3.01 0.00 3.01 Afr. Fr. Zone 6/ Jul 1.70 5.16 3/ 0.12 4.63 0.00 2.11 Aug 1.78 5.24 3/ 0.12 4.56 0.00 2.35 S. Hemis 7/ Jul 12.21 13.07 0.26 4.32 7.87 -0.30 13.64 Aug 11.88 13.07 0.26 4.33 7.65 -0.30 13.53 Australia Jul 3.05 4.80 3/ 0.04 4.25 -0.15 3.71 Aug 2.65 4.80 3/ 0.04 3.90 -0.15 3.66 Brazil Jul 7.40 7.00 0.10 3.30 3.10 -0.15 8.25 Aug 7.41 7.00 0.10 3.30 3.20 -0.15 8.16 India Jul 12.24 29.00 1.40 24.75 4.20 0.00 13.69 Aug 12.59 29.00 1.30 24.50 4.30 0.00 14.09 filler filler filler filler filler filler filler Major Importers 8/ Jul 56.57 39.59 32.15 77.10 2.20 0.11 48.90 Aug 56.58 39.89 32.65 77.75 2.10 0.09 49.19 Mexico Jul 0.44 1.15 0.93 1.80 0.15 0.03 0.54 Aug 0.44 1.15 1.03 1.80 0.15 0.03 0.64 China Jul 48.40 24.00 5.00 38.00 0.05 0.00 39.35 Aug 48.40 24.50 5.00 38.50 0.05 0.00 39.35 European U nion 9/ Jul 0.20 1.36 0.72 0.74 1.24 0.03 0.27 Aug 0.23 1.36 0.72 0.74 1.21 0.00 0.35 Turkey Jul 1.45 3.80 3.40 6.55 0.35 0.00 1.75 Aug 1.65 3.60 3.45 6.60 0.33 0.00 1.77 Pakistan Jul 2.39 9.15 2.20 10.60 0.40 0.03 2.72 Aug 2.27 9.15 2.20 10.60 0.35 0.03 2.64 Indonesia Jul 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Aug 0.63 3/ 3.35 3.30 0.01 0.00 0.68 Thailand Jul 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Aug 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Bangladesh Jul 1.41 0.13 7.10 6.90 0.00 0.01 1.72 Aug 1.41 0.13 7.20 6.90 0.00 0.01 1.82 Vietnam Jul 0.98 3/ 6.10 5.90 0.00 0.00 1.19 Aug 0.88 3/ 6.20 5.90 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2017 WASDE - 568 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.36 312.87 133.41 274.93 314.13 132.46 77.06 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.18 206.02 132.77 223.60 259.65 79.60 71.70 Major Exporters 3/ 50.67 164.73 1.12 86.69 94.54 71.79 50.19 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.02 9.22 0.01 3.60 3.64 5.31 0.29 Major Importers 4/ 18.68 15.47 113.39 106.59 128.02 0.32 19.19 China 17.01 11.79 83.23 81.00 95.00 0.11 16.91 European Union 0.68 2.32 15.01 15.20 16.83 0.14 1.04 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush D om estic Total Exports Ending Sto c ks World 2/ 77.06 351.74 142.32 288.23 329.15 144.99 96.98 United States 5.35 117.21 0.68 51.44 54.65 58.51 10.08 Total Foreign 71.70 234.53 141.64 236.79 274.51 86.47 86.90 Major Exporters 3/ 50.19 185.87 1.74 89.45 97.56 77.67 62.57 Argentina 31.70 57.80 1.50 44.00 48.45 7.00 35.55 Brazil 18.20 114.00 0.22 41.30 44.90 61.00 26.52 Paraguay 0.29 10.67 0.01 3.95 3.99 6.60 0.37 Major Importers 4/ 19.19 16.81 120.44 112.23 134.83 0.37 21.24 China 16.91 12.90 91.00 86.50 101.50 0.12 19.19 European Union 1.04 2.38 13.80 14.60 16.24 0.20 0.78 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Jul 94.78 345.09 148.60 302.23 345.27 149.66 93.53 Aug 96.98 347.36 147.96 300.46 343.32 151.19 97.78 United States Jul 11.17 115.94 0.68 53.07 56.75 58.51 12.53 Aug 10.08 119.23 0.68 52.80 56.50 60.56 12.94 Total Foreign Jul 83.61 229.15 147.92 249.16 288.53 91.15 81.00 Aug 86.90 228.13 147.28 247.66 286.82 90.64 84.84 Major Exporters 3/ Jul 59.41 176.40 1.72 91.65 99.92 80.85 56.76 Aug 62.57 176.40 1.72 90.99 99.26 80.35 61.08 Argentina Jul 33.10 57.00 1.50 45.50 50.00 8.50 33.10 Aug 35.55 57.00 1.50 44.84 49.34 8.00 36.71 Brazil Jul 25.82 107.00 0.20 42.00 45.70 64.00 23.32 Aug 26.52 107.00 0.20 42.00 45.70 64.00 24.02 Paraguay Jul 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Aug 0.37 9.40 0.01 3.95 4.00 5.50 0.28 Major Importers 4/ Jul 21.10 17.89 125.17 119.42 142.93 0.38 20.85 Aug 21.24 17.97 125.00 119.23 142.74 0.40 21.07 China Jul 19.16 14.00 94.00 92.50 108.1 0 0.15 18.91 Aug 19.19 14.00 94.00 92.50 108.10 0.15 18.94 European Union Jul 0.81 2.45 14.80 15.40 17.04 0.20 0.82 Aug 0.78 2.53 14.60 15.20 16.84 0.20 0.87 Japan Jul 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Aug 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Jul 0.12 0.42 4.30 4.72 4.76 0.00 0.09 Aug 0.12 0.42 4.30 4.72 4.76 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). August 2017 WASDE - 568 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Product ion Imports Domestic Total Exports Ending Stocks World 2/ 13.57 215.76 61.90 213.39 65.35 12.49 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.33 175.24 61.53 183.35 54.51 12.25 Major Exporters 3/ 8.39 68.52 0.07 23.48 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.17 15.41 3.01 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 2.11 16.58 36.56 52.89 0.51 1.85 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.42 2.85 15.63 18.35 0.21 1.35 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.49 225.99 62.01 222.04 65.05 13.40 United States 0.24 40.24 0.32 29.98 10.52 0.30 Total Foreign 12.25 185.75 61.70 192.06 54.53 13.10 Major Exporters 3/ 7.36 72.95 0.03 24.60 46.90 8.84 Argentina 4.23 33.83 0.00 2.85 31.00 4.21 Brazil 3.01 32.00 0.02 16.80 14.25 3.98 India 0.12 7.12 0.01 4.95 1.65 0.65 Major Importers 4/ 1.85 16.47 36.88 53.21 0.57 1.41 European Union 0.46 11.53 19.00 30.44 0.33 0.22 Southeast Asia 5/ 1.35 3.18 16.10 19.24 0.24 1.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Ex ports Ending Sto c ks World 2/ Jul 13.82 237.43 65.73 234.85 68.87 13.27 Aug 13.40 236.00 65.00 233.88 67.46 13.06 United States Jul 0.27 42.00 0.27 31.03 11.25 0.27 Aug 0.30 41.80 0.27 31.03 11.07 0.27 Total Foreign Jul 13.55 195.43 65.46 203.83 57.62 13.00 Aug 13.10 194.20 64.73 202.86 56.39 12.79 Major Exporters 3/ Jul 8.86 75.02 0.03 26.26 49.28 8.37 Aug 8.84 73.88 0.03 25.91 48.15 8.69 Argentina Jul 4.56 35.00 0.00 3.06 32.33 4.18 Aug 4.21 34.42 0.00 3.06 31.20 4.38 Brazil Jul 3.60 32.50 0.02 17.40 15.25 3.47 Aug 3.98 32.50 0.02 17.40 15.25 3.85 India Jul 0.70 7.52 0.01 5.80 1.70 0.72 Aug 0.65 6.96 0.01 5.45 1.70 0.46 Major Importers 4/ Jul 1.75 17.32 38.73 55.44 0.53 1.83 Aug 1.41 17.19 38.52 55.19 0.53 1.40 European Union Jul 0.23 12.17 19.60 31.44 0.30 0.25 Aug 0.22 12.01 19.50 31.24 0.30 0.18 Southeast Asia 5/ Jul 1.48 3.39 17.25 20.35 0.23 1.54 Aug 1.15 3.41 17.17 20.33 0.23 1.17 1/ Data based on local market ing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. August 2017 WASDE - 568 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.21 51.50 11.63 52.12 11.69 3.53 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.37 41.55 11.50 42.98 10.68 2.76 Major Exporters 3/ 0.96 18.95 0.39 11.43 8.16 0.71 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.53 15.87 6.85 22.89 0.17 1.19 China 0.78 14.52 0.59 15.25 0.10 0.53 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.34 0.07 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending S to c ks World 2/ 3.53 53.83 11.19 53.40 11.51 3.65 United States 0.77 9.95 0.16 8.89 1.09 0.90 Total Foreign 2.76 43.88 11.04 44.51 10.42 2.75 Major Exporters 3/ 0.71 19.23 0.33 11.72 7.69 0.87 Argentina 0.27 8.53 0.00 2.87 5.50 0.43 Brazil 0.24 7.93 0.06 6.59 1.34 0.30 European Union 0.21 2.77 0.27 2.26 0.85 0.15 Major Importers 4/ 1.19 17.62 6.05 23.59 0.18 1.09 China 0.53 15.50 0.62 16.00 0.11 0.54 India 0.51 1.60 3.70 5.40 0.00 0.41 North Africa 5/ 0.15 0.52 1.73 2.19 0.07 0.13 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Jul 3.75 56.34 11.54 55.92 11.99 3.71 Aug 3.65 56.01 11.67 55.78 11.92 3.62 United States Jul 0.95 10.26 0.15 9.28 1.04 1.04 Aug 0.90 10.21 0.15 9.28 1.04 0.94 Total Foreign Jul 2.80 46.08 11.39 46.65 10.95 2.67 Aug 2.75 45.80 11.52 46.51 10.87 2.69 Major Exporters 3/ Jul 0.88 19.75 0.31 11.93 8.18 0.84 Aug 0.87 19.58 0.34 11.85 8.10 0.84 Argentina Jul 0.45 8.76 0.00 3.01 5.80 0.41 Aug 0.43 8.63 0.00 2.90 5.75 0.41 Brazil Jul 0.30 8.06 0.06 6.67 1.48 0.28 Aug 0.30 8.06 0.06 6.70 1.45 0.27 European Union Jul 0.13 2.93 0.25 2.26 0.90 0.16 Aug 0.15 2.89 0.28 2.26 0.90 0.16 Major Importers 4/ Jul 1.09 18.90 6.38 25.10 0.19 1.08 Aug 1.09 18.78 6.48 25.05 0.19 1.11 China Jul 0.54 16.58 0.50 16.95 0.10 0.57 Aug 0.54 16.58 0.50 16.95 0.10 0.57 India Jul 0.41 1.69 4.10 5.80 0.00 0.40 Aug 0.41 1.56 4.20 5.75 0.00 0.43 North Africa 5/ Jul 0.13 0.64 1.78 2.35 0.09 0.11 Aug 0.13 0.64 1.78 2.35 0.09 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, a nd North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. August 2017 WASDE - 568 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red M eat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 III 6,472 6,100 12,626 10,338 1,515 11,997 24,623 2,161 52.6 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,388 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,405 1,481 12,021 24,616 2,174 55.3 III* 6,830 6,260 13,145 10,500 1,450 12,092 25,237 2,190 53.4 IV* 7,165 7,000 14,223 10,350 1,565 12,055 26,278 2,225 53.4 Annual Jul Proj. 26,495 25,834 52,550 41,483 6,062 48,090 100,640 8,749 216.3 Aug Proj. 26,699 25,806 52,727 41,488 5,983 48,016 100,743 8,763 215.7 2018 I* 6,325 6,535 12,912 10,400 1,510 12,045 24,957 2,205 54.7 II* 7,005 6,380 13,441 10,625 1,540 12,305 25,746 2,180 56.5 Annual Jul Proj. 27,065 26,735 54,018 42,275 6,180 49,005 103,023 8,890 221.2 Aug Proj. 27,360 26,735 54,313 42,275 6,180 49,005 103,318 8,890 220.3 * Projectio n. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and g ilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 III 113.26 49.26 81.7 120.7 71.6 16.90 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III* 113-117 57-59 95-97 96-98 89-91 17.55 -17.85 IV* 110-116 44-46 85-91 102-108 100-106 18.45 -19.05 Annual Jul Proj. 121-125 48-50 92-95 101-104 84-86 17.65 -17.95 Aug Proj. 120-122 51-52 93-95 99-102 86-88 17.80 -18.00 2018 I* 112-122 48-52 86-94 94-102 84-90 18.15 -19.05 II* 111-121 50-54 86-94 97-105 79-85 17.55 -18.55 Annual Jul Proj. 113-123 46-49 85-92 102-111 87-94 18.00 -19.00 Aug Proj. 112-121 46-50 85-92 100-109 87-94 18.00 -19.00 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. August 2017 WASDE - 568 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Jul 757 26,562 2,789 30,108 2,816 650 26,642 57.1 Aug 757 26,766 2,832 30,355 2,784 650 26,921 57.9 2018 Proj. Jul 650 27,132 2,870 30,652 2,870 600 27,182 57.9 Aug 650 27,427 2,870 30,947 2,860 600 27,487 58.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,957 1,091 26,638 5,239 507 20,891 50.1 2017 Proj. Jul 507 25,850 1,064 27,421 5,747 600 21,074 50.1 Aug 507 25,822 1,095 27,424 5,753 600 21,071 50.2 2018 Proj. Jul 600 26,751 935 28,286 5,965 750 21,571 50.9 Aug 600 26,751 935 28,286 5,965 750 21,571 51.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,481 4,322 56,123 7,801 1,304 47,019 106.9 2017 Proj. Jul 1,304 52,643 4,095 58,042 8,569 1,290 48,183 108.5 Aug 1,304 52,820 4,167 58,291 8,544 1,287 48,460 109.4 2018 Proj. Jul 1,290 54,111 4,047 59,448 8,843 1,390 49,215 110.1 Aug 1,287 54,406 4,047 59,740 8,833 1,387 49,520 111.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Jul 778 41,039 132 41,949 6,976 745 34,228 90.1 Aug 778 41,044 134 41,956 6,814 745 34,397 90.7 2018 Proj. Jul 745 41,823 130 42,698 7,030 750 34,918 91.3 Aug 745 41,823 130 42,698 7,030 750 34,918 91.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Proj. Jul 279 6,062 37 6,378 603 300 5,475 16.8 Aug 279 5,983 35 6,297 611 300 5,386 16.5 2018 Proj. Jul 300 6,180 40 6,520 650 295 5,575 17.0 Aug 300 6,180 40 6,520 650 295 5,575 17.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Filler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Jul 1,065 47,646 172 48,883 7,718 1,053 40,112 108.1 Aug 1,065 47,571 172 48,808 7,564 1,053 40,191 108.5 2018 Proj. Jul 1,053 48,552 174 49,779 7,825 1,053 40,901 109.5 Aug 1,053 48,552 174 49,779 7,825 1,053 40,901 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,137 15,173 2,369 86,595 214.6 2017 Proj. Jul 2,369 100,289 4,267 106,925 16,287 2,343 88,294 216.6 Aug 2,369 100,391 4,339 107,099 16,108 2,340 88,651 217.9 2018 Proj. Jul 2,343 102,663 4,221 109,227 16,668 2,443 90,116 219.6 Aug 2,340 102,958 4,221 109,519 16,658 2,440 90,421 220.7 1/ Total including farm produ ction for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Car cass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2017 WASDE - 568 - 33 U.S. Egg Supply and Use Commodit y 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Production 8,053.0 8,565.0 8,749.0 8,763.0 8,890.0 8,890.0 Imports 123.5 121.9 53.2 51.4 40.0 40.0 Total Supply 8,199.8 8,718.0 8,829.3 8,841.5 8,957.0 8,957.0 Use Exports 313.6 279.0 302.8 305.2 320.0 320.0 Hatching Use 995.6 1,009.6 1,024.8 1,023.8 1,030.0 1,030.0 Ending S tocks 31.1 27.1 27.0 27.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,474.7 7,485.5 7,580.0 7,580.0 Per Capita (number) 256.3 274.7 274.9 275.9 276.8 277.5 Total U.S. Milk Supply and Use Commodit y 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 208.6 212.4 216.3 215.7 221.2 220.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 12.3 12.1 Marketings 207.6 211.4 215.3 214.7 220.2 219.3 Imports 5.8 7.0 6.0 6.0 5.9 5.8 Total Cml. Supply 223.9 230.8 234.0 233.4 238.3 237.2 Fat Basis Use Commercial Exports 8.5 8.4 9.1 9.3 9.1 9.2 Ending Commercial Stocks 12.3 12.7 12.3 12.1 11.8 11.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 212.5 211.9 217.5 216.2 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 10.0 9.9 Marketings 207.6 211.4 215.3 214.7 220.2 219.3 Imports 6.0 6.5 6.3 6.3 6.4 6.4 Total Cml. Supply 223.1 227.1 231.1 230.5 236.5 235.5 Skim -solid Basis Use Commercial Exports 37.3 39.0 41.2 40.7 41.9 42.1 Ending Commercial Stocks 9.2 9.5 10.0 9.9 9.1 9.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 179.9 179.9 185.5 184.4 Total Note: Totals may not add due to rounding. August 2017 WASDE - 568 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.575 - 1.605 1.590 - 1.610 1.630 - 1.730 1.640 - 1.740 Butter 2.0670 2.0777 2.365 - 2.425 2.425 - 2.465 2.310 - 2.440 2.375 - 2.505 Nonfat Dry Milk 0.9016 0.8292 0.900- 0.930 0.885 - 0.905 0.935 - 1.005 0.905 - 0.975 Dry Whey 0.3804 0.2875 0.475 - 0.495 0.455 - 0.475 0.480 - 0.510 0.445 - 0.475 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 15.85 - 16.15 15.90 - 16.10 16.45 - 17.45 16.30 - 17.30 Class IV 14.35 13.77 15.65 - 16.05 15.75 - 16.05 15.70 - 16.80 15.70 - 16.80 All Milk 3/ 17.13 16.30 17.65 - 17.95 17.80 - 18.00 18.00 - 19.00 18.00 - 19.00 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices fo r class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly price s received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . August 2017 WASDE - 568 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mo re than 2.3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4 percent. The average difference between the August p rojection and the final estimate is 11 million tons, ranging from 0.2 million to 32.1 million tons. T he August projection has been below the estimate 24 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.3 4.0 11.0 0.2 32.1 24 12 U.S. 2.4 4.0 1.1 0.0 4.2 14 22 Foreign 2.6 4.4 10.8 0.6 31.1 24 12 Exports World 5.9 10.1 6.3 0.4 19.1 27 9 U.S. 11.2 19.0 2.7 0.0 10.0 17 18 Foreign 7.4 12.5 6.1 0.3 20.5 26 10 Domestic Use World 1.9 3.1 8.0 0.2 23.4 19 17 U.S. 7.5 12.8 2.0 0.0 5.5 12 24 Foreign 1.8 3.1 7.7 0.2 22.0 22 14 Ending Stocks World 9.4 16.0 11.1 0.3 31.2 27 9 U.S. 15.5 26.3 2.9 0.5 12.6 22 14 Foreign 10.1 17.2 9.7 0.2 28.7 27 9 COA RSE GRAINS 2/ Production World 2.4 4.1 18.2 0.4 51.0 27 9 U.S. 6.3 10.6 9.7 0.0 31.4 23 13 Foreign 2.4 4.1 14.0 0.7 39.5 25 11 Exports World 7.4 12.5 7.0 0.1 23.8 24 12 U.S. 21.2 35.9 7.3 0.4 19.7 15 21 Foreign 14.6 24.8 7.6 1.4 19.9 24 12 Domestic Use World 1.7 2.9 13.2 0.2 36.8 20 16 U.S. 4.3 7.2 6.9 0.5 17.0 22 14 Foreign 1.8 3.1 11.1 1.1 35.8 22 14 Ending Stocks World 14.9 25.3 17.8 0.1 53.5 29 7 U.S. 29.0 49.2 10.1 0.3 43.5 18 18 Foreign 15.3 26.0 12.4 0.2 42.5 29 7 RICE, milled Production World 2.4 4.0 6.5 0.1 24.4 23 13 U.S. 5.4 9.1 0.3 0.0 0.6 19 17 Foreign 2.4 4.1 6.5 0.4 24.7 24 12 Exports World 9.1 15.5 1.5 0.0 6.9 26 10 U.S. 11.3 19.3 0.2 0.0 1.0 19 15 Foreign 10.2 17.2 1.5 0.1 6.8 25 11 Domestic Use World 1.9 3.2 4.4 0.1 23.5 27 9 U.S. 8.5 14.5 0.2 0.0 0.5 15 21 Foreign 1.9 3.3 4.4 0.0 24.0 26 10 Ending Stocks World 12.3 20.9 5.2 0.1 15.9 28 8 U.S. 29.8 50.5 0.2 0.0 1.0 21 14 Foreign 13.4 22.7 5.2 0.1 15.9 28 8 1/ Footnotes at end of table. CONTINUED August 2017 WASDE - 568 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.2 7.3 0.3 26.7 22 14 U.S. 6.3 10.6 3.5 0.0 11.1 20 15 Foreign 7.8 13.2 6.8 1.1 26.4 19 17 Exports World 7.2 12.2 3.2 0.2 11.6 24 12 U.S. 12.3 20.9 2.8 0.0 7.1 22 13 Foreign 20.0 33.9 2.6 0.0 9.4 17 19 Domestic Use World 3.6 6.1 4.9 0.0 15.9 24 12 U.S. 5.2 8.7 1.8 0.0 4.6 23 13 Foreign 4.1 7.0 4.3 0.6 11.3 23 13 Ending Stocks World 17.3 29.3 4.8 0.1 23.5 19 17 U.S. 46.4 78.8 2.6 0.3 7.3 12 24 Foreign 19.5 33.1 4.7 0.2 21.3 22 14 COTTON Million 480 -Pound Bales Production World 5.1 8.6 3.5 0.0 13.2 20 15 U.S. 7.7 13.1 1.0 0.0 3.9 18 17 Foreign 5.5 9.4 3.1 0.0 10.9 20 15 Exports World 9.8 16.7 2.3 0.1 10.2 17 19 U.S. 22.2 37.6 1.2 0.0 3.2 19 17 Foreign 12.8 21.8 1.8 0.1 8.5 18 18 Domestic Use World 4.0 6.8 2.9 0.3 14.2 14 22 U.S. 9.1 15.4 0.5 0.0 1.3 18 16 Foreign 4.1 6.9 2.9 0.3 13.4 15 21 Ending Stocks World 15.3 25.9 5.5 0.2 14.2 25 11 U.S. 40.6 68.9 1.4 0.0 5.1 13 22 Foreign 15.5 26.3 5.0 0.1 14.0 27 9 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16, and for 2016/17 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2017 WASDE - 568 - 37 Reliability of United States August Projections 1/ Differences bet ween forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.7 11.5 361 1 1,079 22 14 Exports 22.1 37.5 259 12 750 15 21 Domestic Use 4.7 7.9 281 10 590 23 13 Ending Stocks 34.5 58.5 368 12 1,674 17 19 SORGHUM Production 8.2 13.9 34 1 108 20 16 Exports 29.6 50.3 41 1 160 17 19 Domestic Use 26.6 45.2 43 0 130 17 17 Ending Stocks 55.2 93.6 38 2 201 14 22 BARLEY Production 6.3 10.7 16 1 67 13 23 Exports 67.8 115.0 14 0 82 16 18 Domestic Use 9.9 16.7 24 0 82 12 23 Ending Stocks 19.1 32.5 22 0 94 17 18 OATS Production 9.6 16.3 14 1 57 7 29 Exports 99.6 169.0 1 0 8 9 12 Domestic Use 6.1 10.3 14 1 39 11 25 Ending Stocks 24.2 41.1 16 2 40 16 20 SOYBEAN MEAL Thousand Short Tons Production 5.1 8.7 1,372 32 3,669 25 11 Exports 16.3 27.7 962 50 3,500 22 14 Domestic Use 4.2 7.1 821 24 3,800 21 15 Ending Stocks 44.1 74.9 51 0 428 10 14 SOYBEAN O IL Million Pounds Production 5.1 8.7 666 11 2,290 23 13 Exports 33.8 57.3 404 0 1,575 16 17 Domestic Use 4.3 7.3 470 8 2,200 23 13 Ending Stocks 33.8 57.3 481 0 1,472 19 16 ANIMAL PROD. Million Pounds Beef 4.2 7.1 836 110 2,536 25 10 Pork 3.1 5.3 421 25 1,375 21 14 Broilers 2.3 3.9 580 49 1,338 19 16 Turkeys 3.8 6.5 143 2 458 21 14 Million Dozen Eggs 1.9 3.2 106 4 394 23 12 Billion Pounds Milk 1.7 2.9 2.0 0.0 7.0 19 13 1/ See pages 35 and 36 for record of reliabili ty for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/ 16, and for 2016/17 the last month’s estimate. Calendar years 1994 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2016. WASDE -568-38 Related USDA Repor ts The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less freq uently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bush els cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -568 – August 10, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.c ornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who requi re alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W t r t a 2 u a p G o R A s f i 2 C r C l b m e r t P S s a b S h ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 6 WHEAT: U the highest reflecting d the Grain S area releas e 2016/17 ar e unchanged. average far m prices to d a Global wh e only partia l Russia, an d Australia, a shipment p a food use p a increasing f 253.3 milli o COARSE G reduced fe e Corn prod u lower harv e based on th million bus h ethanol, gr e reflected b y to 5,325 m i Production Septembe r- stocks are l o average co r bushel. Sorghum p r harvested a r 089 mist 61 U.S. 2016/ level since disappearan Stocks repo r ed today in e lowered fr Projected m price is r ate. Howe v eat supplies lly offset b y d the EU. G and the EU. ace so far t h artially offs e faster than u on. GRAINS: ed and resi d uction is est ested area a e pace of c hels to 5,6 0 eater sorgh u y the Dece m llion based report whi November owered 48 rn price rec roduction fo rea and yi e W an Agri Farm Approve d 17 all whe a the late 1 9 ce for Jun e rt. Seed us e the Winter fractionally ending sto raised $0.1 0 ver, this sea for 2016/1 y lower be g Global exp o Partly of f his year. G et by a red u use, endin g This mont h dual use, in c imated at 1 and a reduc t orn import s 00 million b um feeding mber 1 stoc k d on the mo ch estimat e to be reco r million bu s eived by p r for 2016/17 ld. Grain s World nd D icultural Ma r m Service A g d by the Wo r at ending s t 980’s. Fee d e-Novembe r e is lowere d Wheat an d on lower b cks for 20 1 0 at the mi d son-avera g 7 are raise d ginning sto c orts are rais fsetting is a Global use f uction in fe g stocks ar e h’s 2016/1 7 creased co r 5.148 billi o tion in yiel d s through N based on t h , and indic a ks. Corn u st recent d a ed the amo u rd high. W shels from roducers is is estimat e sorghum p rd Agr ema rketing Ser v gency rld Agricultu tocks are r a d and resid u r as implie d d 8 millio n d Canola S e beginning s t 16/17 are r a dpoint to $ 3 ge price wo u d 1.3 milli o cks. The l a ed 1.2 mill i reduction i for 2016/17 ed and res i e increased 7 U.S. cor n rn used to p on bushels , d to 174.6 b November. he smaller c ated disap p used to pro d ata from th e unt of corn With supply f last month . raised 5 c e ed 18 milli o rices are pr oricult nd E vice ral Outlook aised this m ual use is l o d by the D e n bushels o n eedings rep tocks whil e aised 43 m i 3.80 on hi g uld still be on tons on a argest incre ion tons le d in Canadia n is raised 0 idual use. W 1.2 millio n n outlook i s produce et h , down 78 m bushels pe r Feed and r crop, incre a pearance d u duce ethan o e Grain Cr u used to pr o falling fast . The proj e ents on bot h on bushels h ojected to atural Estim Economi c Foreign A Board month and p owered 35 m ecember 1 s n the winte r ort. Total s e 2016 pro d illion bush e gher-than-e x the lowest a producti o ases are fo r d by increa n exports r e 0.1 million t With total g n tons to a n s for lower p hanol, and s million fro m r acre. Im p residual us e ased corn u s uring Septe m ol is raised ushings an d oduce etha n er than use ected range h ends to $ 3 higher on i n average $2.Sup mates c Research S Agricultural S January rojected to million bus stocks esti m r wheat pl a supplies fo r duction is els. The se a xpected ca s since 200 5 on increase r Argentin a ses for Ar g eflecting t h tons with i n global sup p new record production smaller sto c m last mon t ports are ra i e is lowere d sed to pro d mber-Nov e 25 million d Co-Prod u nol during , corn endi n e for the se a 3.10 to $3. 7 ncreases i n 65 to $3.1 5ply s Service Service 12, 2017 reach hels mated in anted r ason- sh 5. that is a, gentina, he slow ncreased plies of , cks. th on ised d 50 duce ember as bushels ucts ng ason- 70 per n both 5 per WASDE-561-2 bushel, down 15 cen ts at the midpoint reflecting the weaken ing relationship to corn prices in interior markets. Global coarse grain producti on for 2016/17 is forecast 1.7 mi llion tons lower to 1,327.7 million. This month’s 2016/17 foreign coarse grain outlook is for marginally lower production, higher consumption, and increased trade relative to last month. Serbia corn production is raised reflecting the latest information from th e Foreign Agricu ltural Service office in Belgrade. Partly offsetting is lower co rn production for Bolivia where th e impact of a severe drought during th e growing season was wo rse than previously e xpected. Russia barley production is lowere d based on the latest government sta tistics. Argentina barley production is lowered on dryness in southern Buenos Aires province dur ing crop heading and grain fill in November and December. Major global trade changes for 2016/17 this month include lowe r projected corn exports for India, more than offset by incr eases for Serbia and th e EU. Imports are ra ised for Bo livia, but lowered for Indonesia. Foreign co rn ending stocks ar e virtually unchanged from last month, with reductions for I ndonesia, Mexico, and the EU offset by an increase for Canada. RICE: The U.S. 2016/17 all rice crop is reduced 10.6 million cw t to 224.1 million on lower area and yield. The all rice average yield is lo wered 256 pounds per ac re to 7,237 pounds. Arkansas, California, and Texas accounted for the bulk of the production decline. The long- grain crop is reduced 9.6 million cwt to 166.5 million but remains the largest since the 2010/11 record. Medium- and short-grain production is lowered 1.0 million cwt to 57.7 million. All rice domestic and residual use is lowe red 1.0 million cwt to 132.0 million, based on the smaller crop. Total exports are unchanged, but rough exports ar e raised 1.0 million cwt, which is offset by a 1.0-million-cwt reduction in milled exports. In addition, long-grain ex ports are lowered 1.0 million cwt, offsetting an increase by the same amount for medium- and short-grain exports. The projected all rice season-average farm price is unchanged at a range of $9.90 to $10.90 per cwt. Global rice supplies for 2016/17 are lowered 1.5 million tons led by a 0.7 milli on-ton-reduction for Sri Lanka production. Global export s and domestic consumption are both raised fractionally. Ending stocks are lowere d 1.5 million tons to 118.7 million. OILSEEDS: U.S. oilseed production fo r 2016/17 is estimated at 127 .3 million tons, down 1.5 million from last month. Lower soybean and peanut production is partly offset with higher canola, sunflowerseed, and cott onseed crops. Soybean production is estim ated at a record 4,307 million bushels, down 54 million from last month on lowe r yields. Harvested area is estimated at 82.7 million ac res, down 0.3 million from the previous forecast with lower planted area. Yield is estimated at a record 52.1 bushels per acre, down 0.4 bushels. Soybean supplies are down 60 million bushels on lower pr oduction and imports. With exports and crush unchanged, ending stocks are projected at 420 million bushels, down 60 million from last month. Although soybean cr ush is unchanged, s oybean meal productio n is reduced on a lower extraction rate. Soybean m eal exports are also reduced on lagging sales. Soybean oil balance sheet changes include increased producti on on a higher extractio n rate, and increased ending stocks. WASDE-561-3 U.S. peanut production is re duced 9 percent from the prev ious forecast based on lower harvested area, mainly in Texas, and lower yiel ds in most states. With reduced supplies, peanut exports, crush, and ending stocks are reduced. The 2016/17 U.S. season-average farm price forecast for soybean s is projected at $9.00 to $10.00 per bushel, from $8 .70 to $10.20, up 5 cents at the midpoint. The soybean meal price forecast is unchanged at $305 to $345 per short ton. The soybean oil pri ce forecast of 34 to 37 cents per pound is lowered 0.5 cents at the midpoint. The 2016/17 global oils eeds supply and demand estimates include higher production and exports compared to last month. Oilseed production is projected up 0.1 million tons to 554.8 million on increases for cottonseed, rapese ed, and sunflowerseed partly offset by reductions for soybeans and peanuts. S oybean production is lowered 0.2 million tons as increases for Brazil and China are offset by de clines in Bolivia, Ur uguay, and the United States. The largest change to production is a 2.0-million-ton increase to 104.0 million for Br azil, where beneficial rain has resulted in improved yield prospects. Global oilseed trade is projected at 160.3 milli on tons, up 0.4 millio n from last month. Increased soybean export s for Brazil more than offset lowe r soybean exports for Bolivia and Uruguay and lower rapeseed exports for Canada. Global oilseed crush is projected higher on increased soybean crush for Argentina and Indi a and increased rapeseed crush for Canada. Global oilseed stocks are projected at 93.7 million tons, down 0.9 million, mainly on lower soybean stocks for the United States. SUGAR: U.S. cane sugar production for 2016/17 is reduced by 29,236 shor t tons, raw value (STRV) based on industry reportin g in Louisiana and Texas. Total imports are reduced by 1,515 STRV based on end of calendar year adju stments made for tariff rate quota imports under several Free Trade Agreem ents. Ending stocks for 2016/17 are projected at 1.881 million STRV , implying an ending st ocks-to-use ratio of 15.4 percent. Mexico sugar imports for 2015/16 are increased by 12,968 metric tons (MT) to 82,876 based on government data for the complete marketing year. Tota l use is increased by the same 12,968 MT for deliveries for other uses. Imports for 2016/17 are increased by 50,000 MT. These are imports projected to enter from countries other th an the United Stat es and expected to be used for other deliverie s. The ending stock total for 2016/17 is unchang ed at 1.229 million MT. This is the amount projected to m eet sugar supply requir ements of domestic deliveries for human consumption and IMMEX de liveries for 2.5 months of the following marketing year and exports to th e U.S. market for the first thr ee months of that same year. Total exports for 2016/17 are un changed at 1.470 million MT with the same 832,081 MT projected for the U.S. market as last month. LIVESTOCK, POULTRY, AND DAIRY: The estimate for tota l red meat and poultry production for 2016 is rais ed slightly from last month. Beef pr oduction is raised on increased fed cattle slaughter and heavier carcass weights. Pork produc tion for 2016 is raised based on slaughter data. Broiler and turkey producti on for 2016 is slightly lo wer based on the recent WASDE-561-4 slaughter. For 2017, red meat and poultry produc tion is raised largely on higher forecast pork production, although forecasts of beef and broilers are rais ed. Higher expected cattle placements in late 2016 and early 2017 underpin hi gher forecast beef production in 2017. USDA will release its semi-annual Cattle report January 31 which will prov ide estimates of heifers held for breeding along with indications of the ava ilability of ca ttle for placement during 2017. Pork production for 2017 is ra ised based on estima tes from the December Quarterly Hogs and Pigs report. The 5 per cent year-over-year incr ease in the September– November pig crop will be sla ughtered largely in the second quarter of 2017 . Producers indicated intentions to farrow 1 percent more sows in the first half of 2017 which, coupled with expected growth in pigs per litter, will support a hi gher level of sl aughter during the second half of the year. Broile r production is raised for early 2017 on recent hatchery data, but the turkey produc tion forecast is unch anged. Egg product ion for 2017 is rais ed slightly based on hatchery data. Both beef and pork 2016 export estimates are raised ba sed on November trade data and expectations of strong export demand in Decemb er. Beef imports are lo wered, but no change is made to pork im ports. Broiler and turkey exports are lowered on recent trade data. No change is made to the 2016 egg export estimate. For 2017, beef exports are raised as current demand strength is exp ected to carry into 2017. Imports are forecast hi gher on expectations of slightly larger supplies from Oc eania in early 2017 . No changes are made to pork, broiler, or turkey trade forecasts. Th e 2017 egg export forecast is raised on expectations of stronger sales in the first half of the year. Livestock and poultry prices for 2016 ar e adjusted to reflect December price data. The 2017 cattle price forecast is increased on continued strong demand into the firs t part of 2017. The hog price forecast for fi rst quarter 2017 is raised on demand strength, but price forecasts for subsequent quarters are lowered as hog supplies are expected to be large. Broiler prices are raised slightly on early-year dema nd strength. Turkey prices are forecast lower on relatively soft demand. Egg prices are increased. Milk production for 2016 is rais ed on slightly larger milk cow numbers. The 2017 milk production forecast is raised fr om last month as improved retu rns support incr eases in both cow numbers and milk per cow. Fat and skim -solids basis exports fo r 2016 are raised on recent trade data. Imports are unchanged. Exports on a fat basis are redu ced slightly for 2017, but are raised on a skim-sol ids basis. Import forecas ts are unchanged for 2017. Dairy product prices and Class prices for 2016 are adjusted to incorporate December price data. For 2017, butter, ch eese, nonfat dry milk, and whey prices are raised from last month on demand strength. Class prices for 2017 are raised, reflect ing higher product price forecasts. The all milk price rang e is raised to $17.60 to $18.40 per cwt. COTTON: The U.S. 2016/17 cotton outlook shows larger production, exports, and ending stocks relative to last month. Production is raised 435,000 bales to near ly 17.0 million, due mainly to higher production in Te xas. Domestic mill use is uncha nged, but exports are raised to 12.5 million bales and ending stoc ks to 5.0 million. The forecas t range for the marketing year WASDE-561-5 average price received by producers is narrowed 1 cent on each end to 65 to 69 cents per pound, with the midpoint unchanged at 67 cents. Larger production is the main fa ctor driving a 1.5-m illion-bale increase in projected global 2016/17 ending stocks. In additio n to the increase for the United States, production is raised 1.0 million bales for China, where inspection data indicates higher production than previously anticipated for the Xinjiang region , partially offset by a decrease for Pakistan, which is based on ginning arrivals. Consumption is reduced for I ndia, Mexico, and Turkey , mostly offset by an increase for China. World trade is raised slightly, due mainly to higher projected imports by Pakistan and Bangladesh. Higher exports are proj ected for the United States and India, partially offset by decreases for Uzbekistan and Australia . World ending stocks are now projected at 90.6 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r Tom C a Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Carolyn In 2 MaERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich apehart, E R ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Liebrand, 2017, the W ay 10, Jun. NCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Andrew ambers, IC E RS; Rachel hael Jewis o RS; Yoonh e Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C Sean Ra m agam, ICE C AMS; Jerr y WASDE re p 9, Jul. 12, A WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r Sowell, F A EC Chair, W Trego, FA S on, ICEC C ee Macke, F EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chair, mos, ERS; T C Chair, W y Cessna, E port will be Aug. 10, S e ASDE-561-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E AS; Mark S WAOB, E-m S; Mark Si m Chair, WAO FAS; Susa n WAOB, E-m an Prope r, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Lindsay K WAOB, E-m Tyler Cozz e AOB, E-ma ERS; Paul released o ep. 12, Oc t IMATE S approves th e s chair the I n eport. E-mail : wc h imone, FS A mail: wcha mone, FS A OB, E-mail : n Prope r, F mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l Kuberka, F A mail: ssh a ens, FAS; ail: sshag a Kiendl, FA on Feb. 9, M t. 12, Nov. 9 S COM M e World Agr i nteragency hambers@ A. mbers @o c A. mjewison @ FSA. [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m AS; Dale L e agam@oce Milton Ma d [email protected] s S; Milton M Mar. 9, Ap r 9, Dec. 12 MITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o @oce.usda. g sda.gov gov e Grimm, F a.gov [email protected] d euck, FSA. .usda.gov dison, FSA . sda.gov Madison, F S r. 11, S pply and gov ov gov SA. da.gov . SA. WASDE-561-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 January 2017 WASDE - 561 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2513.81 3033.65 394.11 2455.26 578.38 2015/16 (Est.) 2457.54 3035.92 377.25 2433.24 602.68 filler filler filler filler filler 2016/17 (Proj.) Dec 2562.12 3164.04 402.75 2536.76 627.28 2016/17 (Proj.) Jan 2560.36 3163.05 404.29 2537.22 625.82 filler filler filler filler filler Wheat 2014/15 728.09 923.02 164.41 705.74 217.28 2015/16 (Est.) 735.49 952.77 172.79 712.29 240.49 filler filler filler filler filler 2016/17 (Proj.) Dec 751.26 991.91 176.83 739.77 252.14 2016/17 (Proj.) Jan 752.69 993.18 178.05 739.89 253.29 filler filler filler filler filler Coarse Grains 5/ 2014/15 1307.17 1518.20 186.11 1271.76 246.44 2015/16 (Est.) 1249.66 1496.10 164.79 1250.41 245.69 filler filler filler filler filler 2016/17 (Proj.) Dec 1329.35 1574.15 185.20 1319.22 254.94 2016/17 (Proj.) Jan 1327.66 1573.35 185.41 1319.52 253.82 filler filler filler filler filler Rice, milled 2014/15 478.55 592.42 43.58 477.76 114.66 2015/16 (Est.) 472.39 587.05 39.67 470.54 116.51 filler filler filler filler filler 2016/17 (Proj.) Dec 481.51 597.98 40.71 477.77 120.21 2016/17 (Proj.) Jan 480.02 596.52 40.83 477.81 118.71 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.26 506.00 81.59 348.28 76.14 filler filler filler filler filler 2016/17 (Proj.) Dec 474.42 558.20 93.17 367.24 97.79 2016/17 (Proj.) Jan 472.57 556.41 93.13 365.68 97.61 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Dec 62.86 92.82 26.54 35.16 31.12 2016/17 (Proj.) Jan 62.86 92.81 26.54 33.99 32.29 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 367.01 417.89 57.07 312.70 48.11 filler filler filler filler filler 2016/17 (Proj.) Dec 404.11 455.71 63.08 327.86 64.77 2016/17 (Proj.) Jan 402.60 454.26 63.03 327.49 63.74 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.13 8.45 3.42 3.55 1.48 filler filler filler filler filler 2016/17 (Proj.) Dec 7.45 9.68 3.56 4.22 1.90 2016/17 (Proj.) Jan 7.12 9.34 3.56 4.19 1.59 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2017 WASDE - 561 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,074.32 2,534.42 310.83 2,108.29 509.41 2015/16 (Est.) 2,028.28 2,529.92 295.67 2,084.96 526.54 filler filler filler filler filler 2016/17 (Proj.) Dec 2,087.70 2,605.84 309.58 2,169.51 529.50 2016/17 (Proj.) Jan 2,087.79 2,606.63 311.17 2,171.55 528.21 filler filler filler filler filler Wheat 2014/15 672.94 847.69 140.90 674.40 196.80 2015/16 (Est.) 679.38 873.11 151.70 680.27 213.94 filler filler filler filler filler 2016/17 (Proj.) Dec 688.40 899.09 150.30 704.61 221.02 2016/17 (Proj.) Jan 689.83 900.36 151.51 705.90 221.00 filler filler filler filler filler Coarse Grains 5/ 2014/15 929.93 1,103.22 129.41 960.42 199.49 2015/16 (Est.) 882.65 1,078.21 107.72 937.71 197.58 filler filler filler filler filler 2016/17 (Proj.) Dec 925.25 1,118.45 122.13 991.36 190.16 2016/17 (Proj.) Jan 925.06 1,119.08 122.38 992.03 190.09 filler filler filler filler filler Rice, milled 2014/15 471.45 583.51 40.52 473.46 113.11 2015/16 (Est.) 466.25 578.60 36.25 466.99 115.03 filler filler filler filler filler 2016/17 (Proj.) Dec 474.05 588.30 37.16 473.55 118.31 2016/17 (Proj.) Jan 472.90 587.19 37.28 473.62 117.12 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.19 222.51 35.32 111.41 111.73 2015/16 (Est.) 96.46 208.19 35.21 111.25 96.89 filler filler filler filler filler 2016/17 (Proj.) Dec 104.24 201.03 35.33 111.91 89.15 2016/17 (Proj.) Jan 105.34 202.23 35.64 111.76 90.65 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Dec 16.52 20.33 12.20 3.30 4.80 2016/17 (Proj.) Jan 16.96 20.77 12.50 3.30 5.00 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.07 107.84 108.08 2015/16 (Est.) 83.57 191.62 26.06 107.80 93.09 filler filler filler filler filler 2016/17 (Proj.) Dec 87.71 180.70 23.13 108.61 84.35 2016/17 (Proj.) Jan 88.38 181.46 23.14 108.46 85.65 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2017 WASDE - 561 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.85 614.51 147.13 440.27 93.13 2015/16 (Est.) 522.44 615.57 153.45 448.65 89.42 filler filler filler filler filler 2016/17 (Proj.) Dec 554.66 643.95 159.85 465.89 94.56 2016/17 (Proj.) Jan 554.80 644.22 160.26 467.54 93.71 filler filler filler filler filler Oilmeals 2014/15 300.34 314.00 86.12 294.07 16.12 2015/16 (Est.) 307.41 323.54 87.28 304.92 14.34 filler filler filler filler filler 2016/17 (Proj.) Dec 319.30 333.61 91.09 315.97 13.52 2016/17 (Proj.) Jan 320.19 334.53 91.54 316.87 13.30 filler filler filler filler filler Vegetable Oils 2014/15 177.16 201.03 76.55 171.62 23.86 2015/16 (Est.) 177.31 201.17 73.62 178.87 20.09 filler filler filler filler filler 2016/17 (Proj.) Dec 186.45 205.98 78.26 184.81 17.97 2016/17 (Proj.) Jan 186.95 207.04 78.46 184.95 18.29 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.08 6.87 filler filler filler filler filler 2016/17 (Proj.) Dec 128.78 137.45 56.96 57.20 14.63 2016/17 (Proj.) Jan 127.31 135.78 56.88 57.24 12.87 filler filler filler filler filler Oilmeals 2014/15 43.27 47.44 12.15 35.00 0.29 2015/16 (Est.) 42.85 47.21 11.21 35.69 0.30 filler filler filler filler filler 2016/17 (Proj.) Dec 44.10 48.43 11.05 37.05 0.34 2016/17 (Proj.) Jan 43.94 48.43 10.88 37.21 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.54 1.24 filler filler filler filler filler 2016/17 (Proj.) Dec 11.57 17.31 1.24 14.93 1.15 2016/17 (Proj.) Jan 11.62 17.45 1.24 14.99 1.23 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.83 492.67 96.02 385.16 86.37 2015/16 (Est.) 406.56 491.81 99.66 393.57 82.55 filler filler filler filler filler 2016/17 (Proj.) Dec 425.88 506.50 102.89 408.69 79.93 2016/17 (Proj.) Jan 427.49 508.43 103.38 410.31 80.84 filler filler filler filler filler Oilmeals 2014/15 257.07 266.57 73.98 259.07 15.83 2015/16 (Est.) 264.57 276.33 76.07 269.22 14.04 filler filler filler filler filler 2016/17 (Proj.) Dec 275.20 285.18 80.04 278.92 13.19 2016/17 (Proj.) Jan 276.26 286.10 80.66 279.66 12.96 filler filler filler filler filler Vegetable Oils 2014/15 166.23 184.89 75.38 157.94 22.57 2015/16 (Est.) 166.11 184.14 72.38 164.33 18.85 filler filler filler filler filler 2016/17 (Proj.) Dec 174.88 188.66 77.03 169.87 16.82 2016/17 (Proj.) Jan 175.33 189.58 77.22 169.97 17.06 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2017 WASDE - 561 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 125 125 Supply, Total 2,768 2,927 3,410 3,410 Food 958 957 963 963 Seed 79 67 69 61 Feed and Residual 114 152 260 225 Domestic, Total 1,151 1,177 1,292 1,249 Exports 864 775 975 975 Use, Total 2,015 1,952 2,267 2,224 Ending Stocks 752 976 1,143 1,186 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.60 - 3.80 3.75 - 3.85 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,177 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,533 803 542 367 165 3,410 Domestic Use 536 298 231 96 88 1,249 Exports 400 300 85 165 25 975 Use, Total 936 598 316 261 113 2,224 Ending Stocks, Total Jan 597 205 226 106 52 1,186 Ending Stocks, Total Dec 583 208 199 95 58 1,143 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. January 2017 WASDE - 561 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Million Acres Area Planted 103.5 103.2 107.1 106.6 Area Harvested 93.1 93.0 96.4 96.5 Metric Tons Yield per Harvested Acre 4.05 3.94 4.19 4.17 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 403.8 402.3 Imports 3.2 3.7 3.2 3.3 Supply, Total 414.6 417.4 455.1 453.7 Feed and Residual 138.5 135.6 148.6 147.6 Food, Seed & Industrial 172.5 176.6 178.7 179.4 Domestic, Total 310.9 312.2 327.3 326.9 Exports 56.7 57.1 63.1 63.0 Use, Total 367.6 369.3 390.4 390.0 Ending Stocks 46.9 48.1 64.8 63.7 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Million Acres Area Planted 90.6 88.0 94.5 94.0 Area Harvested 83.1 80.8 86.8 86.7 Bushels Yield per Harvested Acre 171.0 168.4 175.3 174.6 Million Bushels Beginning Stocks 1,232 1,731 1,738 1,737 Production 14,216 13,602 15,226 15,148 Imports 32 67 50 55 Supply, Total 15,479 15,401 17,013 16,940 Feed and Residual 5,280 5,131 5,650 5,600 Food, Seed & Industrial 2/ 6,601 6,635 6,735 6,760 Ethanol & by-products 3/ 5,200 5,206 5,300 5,325 Domestic, Total 11,881 11,766 12,385 12,360 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,664 14,610 14,585 Ending Stocks 1,731 1,737 2,403 2,355 Avg. Farm Price ($/bu) 4/ 3.70 3.61 3.05 - 3.65 3.10 - 3.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. January 2017 WASDE - 561 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 6.8 6.7 Area Harvested (mil. acres) 6.4 7.9 6.0 6.2 Yield (bushels/acre) 67.6 76.0 76.5 77.9 Beginning Stocks 34 18 37 37 Production 433 597 462 480 Imports 0511 Supply, Total 467 620 500 518 Feed and Residual 82 103 90 105 Food, Seed & Industrial 15 142 125 125 Total Domestic 97 245 215 230 Exports 352 339 250 250 Use, Total 449 583 465 480 Ending Stocks 18 37 35 38 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.80 - 3.30 2.65 - 3.15 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 18 16 Supply, Total 287 315 319 317 Feed and Residual 43 50 60 55 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 213 208 Exports 14 11 8 6 Use, Total 209 213 221 214 Ending Stocks 79 102 98 103 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.55 - 5.15 4.60 - 5.20 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 1 0 98 69 09 0 Supply, Total 204 229 212 212 Feed and Residual 71 93 85 85 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 163 163 Exports 2222 Use, Total 150 172 165 165 Ending Stocks 54 57 47 47 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.75 - 2.05 1.80 - 2.10 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. January 2017 WASDE - 561 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Million Acres Area Planted 2.95 2.63 3.18 3.15 Area Harvested 2.93 2.59 3.13 3.10 Filler Pounds Yield per Harvested Acre 7,576 7,472 7,493 7,237 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 193.1 234.8 224.1 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.8 304.7 294.1 Domestic & Residual 3/ 134.4 111.6 133.0 132.0 Exports, Total 4/ 95.7 107.7 112.0 112.0 Rough 31.8 38.2 42.0 43.0 Milled (rough equiv.) 63.9 69.6 70.0 69.0 Use, Total 230.2 219.3 245.0 244.0 Ending Stocks 48.5 46.5 59.7 50.1 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.10 9.90 - 10.90 9.90 - 10.90 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Harvested Acres (mil.) 2.20 1.85 2.40 Yield (pounds/acre) 7,407 7,219 6,927 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.4 176.1 166.5 Supply, Total 7/ 200.6 180.7 219.3 209.7 Domestic & Residual 3/ 106.2 81.5 103.0 102.0 Exports 8/ 68.0 76.5 79.0 78.0 Use, Total 174.2 158.0 182.0 180.0 Ending Stocks 26.5 22.7 37.3 29.7 Avg. Farm Price ($/cwt) 6/ 11.90 11.10 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Harvested Acres (mil.) 0.74 0.74 0.69 Yield (pounds/acre) 8,080 8,107 8,311 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.7 58.7 57.7 Supply, Total 7/ 76.1 82.2 82.6 81.6 Domestic & Residual 3/ 28.3 30.1 30.0 30.0 Exports 8/ 27.7 31.2 33.0 34.0 Use, Total 56.0 61.3 63.0 64.0 Ending Stocks 20.2 20.9 19.6 17.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 11.90 - 12.90 11.90 - 12.90 California 10/ 21.60 18.30 13.00 - 14.00 13.00 - 14.00 Other States 1/ 14.40 11.20 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. January 2017 WASDE - 561 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.7 83.4 Area Harvested 82.6 81.7 83.0 82.7 Filler Bushels Yield per Harvested Acre 47.5 48.0 52.5 52.1 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,361 4,307 Imports 33 24 30 25 Supply, Total 4,052 4,140 4,588 4,528 Crushings 1,873 1,886 1,930 1,930 Exports 1,842 1,936 2,050 2,050 Seed 96 97 95 95 Residual 50 25 32 33 Use, Total 3,862 3,944 4,108 4,108 Ending Stocks 191 197 480 420 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.70 - 10.20 9.00 - 10.00 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,687 1,687 Production 4/ 21,399 21,950 22,290 22,390 Imports 264 288 275 275 Supply, Total 22,828 24,093 24,252 24,352 Domestic Disappearance 18,959 20,166 20,550 20,550 Biodiesel 3/ 5,039 5,670 6,200 6,200 Food, Feed & other Industrial 13,920 14,496 14,350 14,350 Exports 2,014 2,240 2,150 2,150 Use, Total 20,973 22,406 22,700 22,700 Ending stocks 1,855 1,687 1,552 1,652 Avg. Price (c/lb) 2/ 31.60 29.86 34.50 - 37.50 34.00 - 37.00 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Decembe r January Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 264 264 Production 4/ 45,062 44,672 45,611 45,411 Imports 333 403 325 325 Supply, Total 45,645 45,335 46,200 46,000 Domestic Disappearance 32,277 33,108 34,100 34,100 Exports 13,108 11,963 11,800 11,600 Use, Total 45,384 45,071 45,900 45,700 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 305.00 - 345.00 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,930 million bushels for 2016/17. January 2017 WASDE - 561 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 2,054 2,054 Production 2/ 8,656 8,989 9,342 9,313 Beet Sugar 4,893 5,119 5,371 5,371 Cane Sugar 3,763 3,870 3,971 3,942 Florida 1,981 2,173 2,142 2,142 Hawaii 146 152 46 46 Louisiana 1,513 1,428 1,644 1,612 Texas 123 116 140 142 Imports 3,553 3,341 2,696 2,694 TRQ 3/ 1,536 1,620 1,533 1,532 Other Program 4/ 471 396 175 175 Other 5/ 1,546 1,325 987 987 Mexico 1,532 1,309 972 972 Total Supply 14,019 14,145 14,092 14,061 Exports 1 8 57 42 52 5 Deliveries 12,019 12,051 12,155 12,155 Food 6/ 11,888 11,881 12,000 12,000 Other 7/ 131 170 155 155 Miscellaneous 0- 3 3 0 0 Total Use 12,204 12,091 12,180 12,180 Ending Stocks 1,815 2,054 1,912 1,881 Stocks to Use Ratio 14.9 17.0 15.7 15.4 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TR Q shortfall (125) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (16) and other (0). For 2016/17, other high-tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Dec 811 6,117 70 4,754 1,207 1,037 2015/16 Est. Jan 811 6,117 83 4,767 1,207 1,037 2016/17 Proj. Dec 1,037 6,371 10 4,719 1,470 1,229 2016/17 Proj. Jan 1,037 6,371 60 4,769 1,470 1,229 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2015/16 = 1,482, projected Oct-Sep 2016/17 = 1,459; Oct - Nov 2015/16 = 230, Oct - Nov 2016/17 = 238. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumpt ion, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015 /16 (330 est), 2016/17 (330 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 (50), 2016/17 (50). January 2017 WASDE - 561 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Dec Jan Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.15 10.07 Harvested 9.35 8.07 9.66 9.52 Filler Pounds Yield per Harvested Acre 838 766 821 855 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.52 16.96 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 20.33 20.77 Domestic Use 3.58 3.45 3.30 3.30 Exports, Total 11.25 9.15 12.20 12.50 Use, Total 14.82 12.60 15.50 15.80 Unaccounted 2/ 0.21 0.17 0.03 -0.03 Ending Stocks 3.65 3.80 4.80 5.00 Avg. Farm Price 3/ 61.3 61.2 64.00 - 70.00 65.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. January 2017 WASDE - 561 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.93 728.09 159.08 131.80 705.74 164.41 217.28 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.86 672.94 154.97 128.71 674.40 140.90 196.80 Major Exporters 4/ 27.39 224.02 6.66 62.86 147.32 81.47 29.27 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.74 0.16 3.80 7.20 16.59 4.67 Canada 10.41 29.42 0.49 3.76 9.09 24.16 7.05 European Union 5/ 9.94 156.92 5.98 55.00 124.68 35.42 12.74 Major Importers 6/ 100.70 197.40 84.96 29.88 262.37 7.59 113.11 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.37 17.66 21.27 4.45 36.15 1.52 13.64 N. Africa 8/ 14.05 17.01 25.43 2.48 42.73 0.56 13.20 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.46 0.00 19.86 4.76 18.55 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.85 112.74 7.68 24.65 75.35 40.24 20.67 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 217.28 735.49 170.07 138.50 712.29 172.79 240.49 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 196.80 679.38 167.00 134.36 680.27 151.70 213.94 Major Exporters 4/ 29.27 223.41 7.57 67.63 151.94 82.54 25.77 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 2 05 . 9 09 . 6 00 . 6 2 Australia 4.67 24.50 0.15 3.80 7.23 16.12 5.97 Canada 7.05 27.59 0.49 2.63 7.83 22.13 5.17 European Union 5/ 12.74 160.01 6.92 61.00 130.98 34.68 14.01 Major Importers 6/ 113.11 204.29 92.27 27.61 263.61 6.44 139.62 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.64 18.80 19.14 4.60 37.30 0.55 13.72 N. Africa 8/ 13.20 19.91 27.78 2.28 43.65 0.71 16.54 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.67 118.24 7.37 26.90 78.18 51.48 16.62 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.68 27.27 0.03 5.20 12.30 17.43 3.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2017 WASDE - 561 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 240.65 751.26 171.54 148.09 739.77 176.83 252.14 Jan 240.49 752.69 172.96 147.58 739.89 178.05 253.29 United States Dec 26.55 62.86 3.40 7.08 35.16 26.54 31.12 Jan 26.55 62.86 3.40 6.12 33.99 26.54 32.29 Total Foreign Dec 214.09 688.40 168.14 141.01 704.61 150.30 221.02 Jan 213.94 689.83 169.56 141.46 705.90 151.51 221.00 Major Exporters 4/ Dec 26.12 223.07 7.14 67.80 153.36 78.50 24.48 Jan 25.77 224.02 7.14 68.10 153.66 79.60 23.67 Argentina Dec 0.81 14.40 0.01 0.10 6.30 8.00 0.91 Jan 0.62 15.00 0.01 0.10 6.30 8.60 0.72 Australia Dec 6.14 33.00 0.15 4.50 7.96 24.00 7.33 Jan 5.97 33.00 0.15 4.50 7.96 24.50 6.66 Canada Dec 5.17 31.70 0.49 4.70 9.90 21.50 5.95 Jan 5.17 31.70 0.49 5.00 10.20 21.00 6.16 European Union 5/ Dec 14.01 143.97 6.50 58.50 129.20 25.00 10.28 Jan 14.01 144.32 6.50 58.50 129.20 25.50 10.13 Major Importers 6/ Dec 139.54 199.05 88.48 31.67 271.99 7.44 147.64 Jan 139.62 199.05 88.98 31.82 272.39 7.28 147.98 Brazil Dec 1.60 6.70 6.50 0.70 11.30 1.60 1.90 Jan 1.60 6.70 6.70 0.70 11.50 1.60 1.90 China Dec 97.04 128.85 3.50 15.00 117.00 0.80 111.59 Jan 97.04 128.85 3.50 15.00 117.00 0.80 111.59 Sel. Mideast 7/ Dec 13.72 19.41 17.36 4.61 38.39 0.55 11.55 Jan 13.72 19.41 17.36 4.61 38.39 0.55 11.55 N. Africa 8/ Dec 16.47 14.13 28.10 2.28 44.88 0.84 12.98 Jan 16.54 14.13 28.10 2.28 44.88 0.68 13.21 Pakistan Dec 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Jan 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Dec 5.08 0.00 22.60 7.29 22.36 0.99 4.34 Jan 5.09 0.00 22.90 7.44 22.56 0.99 4.45 Selected Other India Dec 14.54 90.00 3.00 4.50 96.14 0.40 11.00 Jan 14.54 90.00 3.70 4.50 96.84 0.40 11.00 FSU-12 Dec 16.41 131.43 7.52 28.30 79.92 53.64 21.80 Jan 16.62 131.93 7.52 28.30 79.89 54.07 22.11 Russia Dec 5.60 72.00 0.50 16.00 39.00 29.00 10.10 Jan 5.60 72.50 0.50 16.00 39.00 29.00 10.60 Kazakhstan Dec 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Jan 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Ukraine Dec 3.25 27.00 0.03 4.70 11.80 15.50 2.97 Jan 3.25 27.00 0.03 4.70 11.80 15.70 2.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2017 WASDE - 561 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.04 1,307.17 170.13 751.58 1,271.76 186.11 246.44 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.72 929.93 166.69 612.96 960.42 129.41 199.49 Major Exporters 4/ 25.53 170.16 4.70 82.70 112.73 67.56 20.09 Argentina 3.17 36.78 0.00 9.07 14.23 21.45 4.27 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.82 109.97 264.53 346.46 15.95 49.21 European Union 6/ 15.57 170.85 9.24 121.38 162.56 13.99 19.11 Japan 1.74 0.17 16.73 12.94 16.90 0.00 1.74 Mexico 3.49 32.69 11.62 24.50 42.18 0.79 4.83 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.02 91.60 0.82 42.06 58.15 33.86 7.43 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 246.44 1,249.66 181.63 764.16 1,250.41 164.79 245.69 United States 46.95 367.01 3.93 135.89 312.70 57.07 48.11 Total Foreign 199.49 882.65 177.70 628.28 937.71 107.72 197.58 Major Exporters 4/ 20.09 153.49 8.30 83.43 112.87 52.57 16.43 Argentina 4.27 37.94 0.01 9.21 14.17 25.43 2.62 Australia 1.53 12.44 0.00 4.19 5.87 6.70 1.40 Brazil 8.21 69.13 3.55 50.34 59.69 15.03 6.17 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.21 246.46 124.06 272.29 354.62 15.72 49.39 European Union 6/ 19.11 151.81 14.24 116.57 157.49 13.11 14.55 Japan 1.74 0.18 17.06 13.29 17.26 0.00 1.72 Mexico 4.83 32.19 14.95 26.62 44.42 1.56 6.00 N. Afr & Mideast 7/ 14.54 33.75 32.84 56.87 65.22 0.11 15.80 Saudi Arabia 3.36 0.17 14.79 13.55 13.95 0.00 4.38 Southeast Asia 8/ 3.50 28.09 15.20 33.36 41.47 0.93 4.40 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.82 17.50 166.95 239.17 0.03 112.16 FSU-12 7.43 82.12 0.53 39.54 54.62 31.25 4.21 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.34 13.87 21.19 1.67 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. January 2017 WASDE - 561 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 244.80 1,329.35 172.73 792.62 1,319.22 185.20 254.94 Jan 245.69 1,327.66 172.44 791.79 1,319.52 185.41 253.82 United States Dec 48.13 404.11 3.47 148.89 327.86 63.08 64.77 Jan 48.11 402.60 3.55 147.90 327.49 63.03 63.74 Total Foreign Dec 196.67 925.25 169.26 643.73 991.36 122.13 190.16 Jan 197.58 925.06 168.88 643.90 992.03 122.38 190.09 Major Exporters 4/ Dec 15.11 186.62 2.88 86.07 117.00 69.19 18.42 Jan 16.43 186.43 2.88 86.58 117.50 69.19 19.05 Argentina Dec 2.64 44.02 0.01 9.97 15.53 27.91 3.23 Jan 2.62 43.83 0.01 9.97 15.53 27.71 3.22 Australia Dec 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Jan 1.40 14.48 0.00 4.39 6.06 7.78 2.04 Brazil Dec 5.62 89.02 1.05 51.07 60.92 28.03 6.73 Jan 6.17 89.02 1.05 51.57 61.43 28.03 6.78 Canada Dec 3.87 25.63 1.09 14.94 22.50 3.95 4.15 Jan 4.67 25.63 1.09 14.94 22.50 4.15 4.74 Major Importers 5/ Dec 49.61 240.71 123.81 279.34 361.36 10.26 42.51 Jan 49.39 240.68 123.08 278.83 360.95 10.44 41.76 European Union 6/ Dec 14.55 152.39 13.68 119.47 160.39 8.36 11.89 Jan 14.55 152.36 13.66 119.16 160.18 8.53 11.86 Japan Dec 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Jan 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Mexico Dec 6.21 31.83 14.78 27.92 45.82 0.80 6.19 Jan 6.00 31.83 14.78 27.92 45.82 0.80 5.99 N. Afr & Mideast 7/ Dec 15.81 27.52 35.17 57.40 65.44 0.17 12.88 Jan 15.80 27.52 35.17 57.40 65.44 0.17 12.88 Saudi Arabia Dec 4.38 0.17 14.21 14.23 14.63 0.00 4.13 Jan 4.38 0.17 14.21 14.23 14.63 0.00 4.13 Southeast Asia 8/ Dec 4.40 28.36 14.52 35.01 43.02 0.94 3.32 Jan 4.40 28.36 13.82 34.81 42.82 0.94 2.82 South Korea Dec 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Jan 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Selected Other China Dec 112.34 227.35 13.20 169.60 245.75 0.03 107.11 Jan 112.16 227.35 13.20 169.40 245.55 0.03 107.13 FSU-12 Dec 4.24 91.43 0.66 41.30 56.76 33.75 5.81 Jan 4.21 91.34 0.66 41.38 56.74 33.64 5.84 Russia Dec 1.33 41.00 0.11 21.20 30.85 9.36 2.23 Jan 1.33 40.92 0.11 21.28 30.83 9.24 2.29 Ukraine Dec 1.67 38.10 0.06 10.73 14.30 23.21 2.32 Jan 1.67 38.10 0.06 10.73 14.30 23.21 2.32 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. January 2017 WASDE - 561 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 174.77 1,015.06 125.17 584.35 980.53 142.17 209.31 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.48 653.97 124.36 450.24 678.73 94.75 165.33 Major Exporters 4/ 17.58 125.38 2.30 60.15 77.95 54.12 13.19 Argentina 1.41 29.75 0.00 6.00 9.30 18.96 2.90 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.14 69.56 142.24 193.81 5.88 23.06 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.91 59.50 77.88 4.03 9.73 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.34 17.80 34.55 0.78 4.09 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 209.31 961.10 139.91 598.61 960.40 121.11 210.01 United States 43.97 345.51 1.71 130.34 298.87 48.20 44.12 Total Foreign 165.33 615.60 138.20 468.27 661.53 72.91 165.89 Major Exporters 4/ 13.19 103.90 6.01 60.05 77.35 37.50 8.24 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.00 48.50 57.00 15.00 5.84 South Africa 2.45 7.90 3.00 5.70 11.20 0.80 1.35 Major Importers 5/ 23.06 118.47 81.72 144.60 196.25 4.45 22.55 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.21 European Union 6/ 9.73 58.48 13.77 55.00 73.20 1.95 6.83 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.80 14.01 20.30 37.10 1.56 5.24 Southeast Asia 7/ 3.49 28.04 15.19 33.30 41.40 0.93 4.39 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.02 39.85 0.38 17.79 20.40 21.42 1.43 Ukraine 1.82 23.33 0.03 6.70 8.00 16.60 0.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. January 2017 WASDE - 561 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 208.95 1,039.73 135.99 626.89 1,026.43 147.68 222.25 Jan 210.01 1,037.93 135.72 626.02 1,026.96 148.07 220.98 United States Dec 44.14 386.75 1.27 143.52 314.59 56.52 61.05 Jan 44.12 384.78 1.40 142.25 313.96 56.52 59.82 Total Foreign Dec 164.81 652.98 134.72 483.38 711.83 91.16 161.20 Jan 165.89 653.15 134.32 483.78 713.00 91.55 161.16 Major Exporters 4/ Dec 7.74 136.00 1.11 61.40 79.80 54.50 10.55 Jan 8.24 136.00 1.11 61.90 80.30 54.50 10.55 Argentina Dec 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Jan 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Brazil Dec 5.34 86.50 0.60 49.00 58.00 28.00 6.44 Jan 5.84 86.50 0.60 49.50 58.50 28.00 6.44 South Africa Dec 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Jan 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Major Importers 5/ Dec 22.76 119.67 79.80 147.40 198.93 3.54 19.76 Jan 22.55 119.65 79.10 147.00 198.63 3.74 18.93 Egypt Dec 2.21 6.00 9.00 12.70 15.10 0.01 2.10 Jan 2.21 6.00 9.00 12.70 15.10 0.01 2.10 European Union 6/ Dec 6.83 60.70 13.10 55.60 73.70 1.80 5.14 Jan 6.83 60.68 13.10 55.40 73.60 2.00 5.02 Japan Dec 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Jan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico Dec 5.45 24.50 13.80 20.60 37.50 0.80 5.45 Jan 5.24 24.50 13.80 20.60 37.50 0.80 5.24 Southeast Asia 7/ Dec 4.39 28.31 14.50 34.95 42.95 0.93 3.32 Jan 4.39 28.31 13.80 34.75 42.75 0.93 2.82 South Korea Dec 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Jan 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Dec 1.45 13.20 1.00 7.80 13.30 0.80 1.55 Jan 2.24 13.20 1.00 7.80 13.30 0.80 2.34 China Dec 110.77 219.55 3.00 159.00 227.00 0.02 106.31 Jan 110.77 219.55 3.00 159.00 227.00 0.02 106.31 FSU-12 Dec 1.43 46.56 0.42 19.09 21.87 23.70 2.85 Jan 1.43 46.56 0.42 19.09 21.87 23.70 2.85 Ukraine Dec 0.59 27.00 0.05 6.90 8.30 18.00 1.34 Jan 0.59 27.00 0.05 6.90 8.30 18.00 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. January 2017 WASDE - 561 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.87 478.55 41.14 477.76 43.58 114.66 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.85 471.45 40.35 473.46 40.52 113.11 Major Exporters 4/ 36.78 159.30 0.73 133.14 32.42 31.24 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.30 9.78 10.97 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.05 13.59 77.20 1.23 10.68 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.95 1.71 3.40 0.27 1.15 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.69 1.56 3.25 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.66 472.39 37.96 470.54 39.67 116.51 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.11 466.25 37.19 466.99 36.25 115.03 Major Exporters 4/ 31.24 154.38 0.61 128.18 29.14 28.91 India 17.80 104.32 0.00 93.48 10.24 18.40 Pakistan 1.21 6.80 0.01 2.70 4.30 1.02 Thailand 10.97 15.80 0.30 9.40 9.50 8.17 Vietnam 1.26 27.46 0.30 22.60 5.10 1.32 Major Importers 5/ 10.68 63.25 12.49 76.49 0.95 8.99 Brazil 0.64 7.21 0.80 7.80 0.60 0.25 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.10 37.90 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.35 1.60 13.10 0.00 2.06 Sel. Mideast 7/ 1.26 1.89 3.50 5.80 0.00 0.86 Selected Other 0.00 Burma 0.75 12.20 0.04 10.80 1.10 1.09 C. Amer & Carib 8/ 0.46 1.62 1.95 3.48 0.02 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.70 8.50 0.08 2.61 Mexico 0.17 0.15 0.69 0.89 0.00 0.12 South Korea 1.41 4.33 0.34 4.37 0.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. January 2017 WASDE - 561 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Dec 116.47 481.51 38.75 477.77 40.71 120.21 Jan 116.51 480.02 38.52 477.81 40.83 118.71 United States Dec 1.48 7.45 0.75 4.22 3.56 1.90 Jan 1.48 7.12 0.75 4.19 3.56 1.59 Total Foreign Dec 115.00 474.05 38.00 473.55 37.16 118.31 Jan 115.03 472.90 37.77 473.62 37.28 117.12 Major Exporters 4/ Dec 28.81 159.80 0.56 132.60 29.50 27.07 Jan 28.91 159.54 0.56 132.75 29.70 26.56 India Dec 18.40 106.50 0.00 97.00 10.00 17.90 Jan 18.40 106.50 0.00 97.00 10.00 17.90 Pakistan Dec 0.92 6.90 0.01 2.80 4.20 0.83 Jan 1.02 6.64 0.01 2.75 4.20 0.72 Thailand Dec 7.87 18.60 0.25 10.60 9.50 6.62 Jan 8.17 18.60 0.25 10.30 9.70 7.02 Vietnam Dec 1.62 27.80 0.30 22.20 5.80 1.72 Jan 1.32 27.80 0.30 22.70 5.80 0.92 Major Importers 5/ Dec 9.10 64.82 12.30 76.65 1.01 8.57 Jan 8.99 64.64 12.05 76.45 0.96 8.27 Brazil Dec 0.25 8.03 0.65 7.90 0.65 0.38 Jan 0.25 7.82 0.65 7.85 0.60 0.27 European Union 6/ Dec 1.29 2.03 1.80 3.55 0.28 1.29 Jan 1.18 2.05 1.85 3.65 0.28 1.15 Indonesia Dec 3.51 36.60 1.25 37.70 0.00 3.66 Jan 3.51 36.60 1.00 37.50 0.00 3.61 Nigeria Dec 0.60 2.70 2.00 5.00 0.00 0.30 Jan 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Dec 2.06 11.50 1.30 13.10 0.00 1.76 Jan 2.06 11.50 1.30 13.10 0.00 1.76 Sel. Mideast 7/ Dec 0.86 2.02 3.65 5.85 0.00 0.68 Jan 0.86 2.02 3.60 5.80 0.00 0.68 Selected Other Burma Dec 1.09 12.50 0.00 11.00 1.40 1.19 Jan 1.09 12.50 0.00 11.00 1.40 1.19 C. Amer & Carib 8/ Dec 0.52 1.70 1.79 3.53 0.02 0.45 Jan 0.53 1.70 1.79 3.53 0.02 0.46 China Dec 63.74 144.85 5.00 144.00 0.28 69.31 Jan 63.74 144.85 5.00 144.00 0.28 69.31 Egypt Dec 0.92 4.55 0.30 4.00 0.30 1.48 Jan 0.92 4.55 0.30 4.00 0.30 1.48 Japan Dec 2.61 7.79 0.70 8.50 0.09 2.52 Jan 2.61 7.79 0.70 8.50 0.09 2.52 Mexico Dec 0.11 0.17 0.75 0.89 0.00 0.14 Jan 0.12 0.17 0.75 0.89 0.00 0.15 South Korea Dec 1.70 4.20 0.41 4.48 0.00 1.82 Jan 1.70 4.20 0.41 4.48 0.00 1.82 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. January 2017 WASDE - 561 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.32 119.19 36.07 111.41 35.32 0.11 111.73 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.97 102.87 36.05 107.84 24.07 -0.10 108.08 Major Exporters 4/ 28.43 52.72 1.74 32.32 20.53 -0.28 30.33 Central Asia 5/ 3.76 6.29 3 / 2.37 4.67 0.00 3.01 Afr. Fr. Zone 6/ 1.46 5.09 3 / 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.29 11.35 Australia 1.81 2.30 3 / 0.04 2.40 -0.15 1.82 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 32.27 71.16 2.63 0.17 75.90 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.75 5.80 0.00 0.01 1.33 Vietnam 0.50 3 / 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 111.73 96.46 35.20 111.25 35.21 0.04 96.89 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 108.08 83.57 35.17 107.80 26.06 -0.13 93.09 Major Exporters 4/ 30.33 46.78 1.77 31.70 22.95 -0.27 24.51 Central Asia 5/ 3.01 5.97 3 / 2.36 4.38 0.00 2.24 Afr. Fr. Zone 6/ 2.20 4.18 3 / 0.14 4.86 0.00 1.37 S. Hemis 7/ 1 1 . 3 59 . 7 20 . 2 54 . 2 17 . 6 9 - 0 . 2 89 . 7 1 Australia 1.82 2.60 3 / 0.04 2.85 -0.15 1.68 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.98 31.10 71.93 2.07 0.14 66.84 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.29 0.80 0.82 1.31 0.05 0.26 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3 / 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. January 2017 WASDE - 561 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Dec 96.80 104.24 35.30 111.91 35.33 -0.05 89.15 Jan 96.89 105.34 35.65 111.76 35.64 -0.17 90.65 United States Dec 3.80 16.52 0.01 3.30 12.20 0.03 4.80 Jan 3.80 16.96 0.01 3.30 12.50 -0.03 5.00 Total Foreign Dec 93.00 87.71 35.29 108.61 23.13 -0.09 84.35 Jan 93.09 88.38 35.64 108.46 23.14 -0.14 85.65 filler filler filler filler filler filler filler Major Exporters 4/ Dec 24.41 50.41 2.59 31.13 20.21 -0.23 26.29 Jan 24.51 50.43 2.59 30.63 20.17 -0.28 27.00 Central Asia 5/ Dec 2.25 5.93 3 / 2.37 3.60 0.00 2.21 Jan 2.24 5.95 3 / 2.37 3.46 0.00 2.36 Afr. Fr. Zone 6/ Dec 1.37 4.96 3 / 0.14 4.56 0.00 1.63 Jan 1.37 4.96 3 / 0.14 4.56 0.00 1.63 S. Hemis 7/ Dec 9.60 12.14 0.26 4.21 7.60 -0.24 10.44 Jan 9.71 12.14 0.26 4.21 7.50 -0.29 10.69 Australia Dec 1.58 4.50 3 / 0.04 4.10 -0.10 2.05 Jan 1.68 4.50 3 / 0.04 4.00 -0.15 2.30 Brazil Dec 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 Jan 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 India Dec 10.94 27.00 1.80 23.75 4.20 0.00 11.79 Jan 10.94 27.00 1.80 23.25 4.40 0.00 12.09 filler filler filler filler filler filler filler Major Importers 8/ Dec 66.84 34.46 30.38 73.24 1.88 0.14 56.42 Jan 66.84 35.11 30.75 73.61 1.93 0.14 57.02 Mexico Dec 0.57 0.65 1.28 1.85 0.10 0.03 0.52 Jan 0.57 0.65 1.15 1.73 0.10 0.03 0.52 China Dec 58.20 21.00 4.50 35.75 0.10 0.00 47.85 Jan 58.20 22.00 4.50 36.25 0.10 0.00 48.35 European Union 9/ Dec 0.27 1.23 0.80 0.81 1.15 0.05 0.29 Jan 0.26 1.23 0.80 0.81 1.15 0.05 0.28 Turkey Dec 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Jan 1.58 3.20 3.70 6.65 0.33 0.00 1.51 Pakistan Dec 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Jan 2.62 7.90 2.55 10.20 0.25 0.03 2.59 Indonesia Dec 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Jan 0.53 0.01 2.90 2.90 0.01 0.00 0.53 Thailand Dec 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Jan 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Bangladesh Dec 1.54 0.12 6.30 6.40 0.00 0.01 1.55 Jan 1.54 0.12 6.45 6.50 0.00 0.01 1.60 Vietnam Dec 0.78 3 / 5.00 4.90 0.00 0.00 0.88 Jan 0.78 3 / 5.00 4.90 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2017 WASDE - 561 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.83 319.78 124.36 264.49 301.71 126.22 78.05 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.32 212.90 123.46 213.52 246.75 76.08 72.86 Major Exporters 3/ 41.48 170.05 0.32 84.27 91.47 68.79 51.59 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.18 15.39 105.97 98.31 117.65 0.29 18.60 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.91 14.00 15.57 0.12 0.68 Japan 0.22 0.23 3.00 2.15 3.24 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.05 313.53 133.31 276.76 315.53 132.18 77.19 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.86 206.68 132.67 225.42 260.88 79.49 71.83 Major Exporters 3/ 51.59 164.51 1.10 86.98 94.84 71.65 50.70 Argentina 31.92 56.80 0.68 43.23 47.52 9.92 31.95 Brazil 19.50 96.50 0.41 39.90 43.40 54.38 18.63 Paraguay 0.12 9.00 0.01 3.70 3.74 5.30 0.08 Major Importers 4/ 18.60 15.41 113.13 107.33 127.95 0.32 18.88 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.26 15.01 15.10 16.68 0.14 1.12 Japan 0.21 0.24 3.19 2.28 3.43 0.00 0.21 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Dec 77.22 338.00 136.96 289.44 330.09 139.25 82.85 Jan 77.19 337.85 137.53 290.34 330.34 139.90 82.32 United States Dec 5.36 118.69 0.82 52.53 56.00 55.79 13.08 Jan 5.35 117.21 0.68 52.53 56.02 55.79 11.44 Total Foreign Dec 71.86 219.32 136.15 236.92 274.09 83.46 69.77 Jan 71.83 220.64 136.85 237.82 274.33 84.11 70.89 Major Exporters 3/ Dec 50.71 171.17 0.66 88.30 96.45 75.45 50.64 Jan 50.70 172.87 1.36 89.20 97.34 76.25 51.34 Argentina Dec 31.95 57.00 0.30 43.80 48.25 9.00 32.00 Jan 31.95 57.00 1.00 44.70 49.15 9.00 31.80 Brazil Dec 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Jan 18.63 104.00 0.35 40.50 44.10 59.50 19.38 Paraguay Dec 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Jan 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Major Importers 4/ Dec 18.70 16.37 114.94 112.33 133.73 0.33 15.96 Jan 18.88 16.77 114.94 112.33 133.73 0.33 16.53 China Dec 16.91 12.50 86.00 86.50 100.80 0.15 14.46 Jan 16.91 12.90 86.00 86.50 100.80 0.15 14.86 European Union Dec 0.95 2.42 13.80 14.70 16.29 0.15 0.72 Jan 1.12 2.42 13.80 14.70 16.29 0.15 0.90 Japan Dec 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Jan 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Mexico Dec 0.08 0.43 4.30 4.65 4.70 0.00 0.11 Jan 0.08 0.43 4.30 4.65 4.70 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). January 2017 WASDE - 561 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.44 208.33 60.87 202.09 64.46 13.09 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.22 167.45 60.57 172.81 52.57 12.86 Major Exporters 3/ 6.96 68.39 0.03 22.60 44.49 8.29 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.41 6.16 0.01 4.50 1.52 0.55 Major Importers 4/ 1.44 15.36 36.41 50.50 0.70 2.00 European Union 0.25 11.06 19.62 29.89 0.36 0.68 Southeast Asia 5/ 1.10 2.67 15.08 17.25 0.34 1.26 2015/16 Est. Beginnin g Stock s Productio n Im portsDomesti c Total Export s Endin g Stock s World 2/ 13.09 217.10 61.60 214.48 66.00 11.31 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 12.86 176.57 61.24 184.45 55.14 11.08 Major Exporters 3/ 8.29 68.69 0.07 23.55 46.14 7.35 Argentina 4.03 33.17 0.00 2.64 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.00 16.93 36.29 53.22 0.68 1.32 European Union 0.68 11.93 19.20 31.14 0.30 0.37 Southeast Asia 5/ 1.26 3.28 15.37 18.62 0.38 0.91 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 11.39 227.30 64.82 224.54 68.19 10.77 Jan 11.31 227.80 64.77 225.16 68.32 10.41 United States Dec 0.24 41.38 0.30 30.94 10.71 0.27 Jan 0.24 41.20 0.30 30.94 10.52 0.27 Total Foreign Dec 11.15 185.92 64.52 193.61 57.49 10.50 Jan 11.08 186.60 64.48 194.23 57.79 10.14 Major Exporters 3/ Dec 7.53 72.08 0.02 24.18 48.60 6.86 Jan 7.35 73.13 0.03 24.73 49.30 6.48 Argentina Dec 4.23 33.93 0.00 2.78 31.60 3.78 Jan 4.23 34.58 0.00 2.78 32.30 3.73 Brazil Dec 3.01 31.35 0.02 16.75 15.20 2.43 Jan 3.01 31.35 0.02 16.75 15.20 2.43 India Dec 0.30 6.80 0.00 4.65 1.80 0.65 Jan 0.12 7.20 0.01 5.20 1.80 0.33 Major Importers 4/ Dec 1.23 16.57 39.33 54.95 0.74 1.43 Jan 1.32 16.57 39.33 55.05 0.69 1.48 European Union Dec 0.31 11.61 20.25 31.49 0.35 0.33 Jan 0.37 11.61 20.25 31.59 0.30 0.34 Southeast Asia 5/ Dec 0.87 3.29 17.28 20.04 0.39 1.01 Jan 0.91 3.29 17.28 20.04 0.39 1.05 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. January 2017 WASDE - 561 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.89 49.31 10.03 48.06 11.09 4.08 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.37 39.60 9.91 39.46 10.18 3.24 Major Exporters 3/ 1.00 18.11 0.29 10.81 7.61 0.97 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.38 2.66 0.25 2.04 1.01 0.24 Major Importers 4/ 1.55 15.20 5.26 20.35 0.18 1.47 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.42 1.39 2.82 4.10 0.00 0.52 North Africa 5/ 0.16 0.47 1.67 2.05 0.07 0.17 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 4.08 51.88 11.64 51.95 11.75 3.89 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.24 41.92 11.51 42.81 10.74 3.13 Major Exporters 3/ 0.97 18.96 0.39 11.20 8.16 0.97 Argentina 0.35 8.43 0.00 2.76 5.70 0.33 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.87 0.33 2.17 0.92 0.35 Major Importers 4/ 1.47 15.95 6.85 22.84 0.16 1.27 China 0.78 14.57 0.59 15.25 0.10 0.59 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.17 0.34 2.00 2.29 0.06 0.15 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 3.81 53.95 11.27 53.98 11.61 3.43 Jan 3.89 54.20 11.02 54.00 11.57 3.54 United States Dec 0 . 7 7 1 0 . 1 10 . 1 39 . 3 20 . 9 80 . 7 0 Jan 0 . 7 7 1 0 . 1 60 . 1 39 . 3 20 . 9 80 . 7 5 Total Foreign Dec 3.04 43.84 11.14 44.66 10.63 2.73 Jan 3.13 44.05 10.89 44.68 10.59 2.79 Major Exporters 3/ Dec 0.95 18.96 0.29 11.46 7.90 0.84 Jan 0.97 19.14 0.29 11.56 8.00 0.84 Argentina Dec 0.33 8.42 0.00 2.87 5.55 0.33 Jan 0.33 8.60 0.00 2.97 5.65 0.31 Brazil Dec 0.29 7.75 0.04 6.42 1.40 0.26 Jan 0.29 7.75 0.04 6.42 1.40 0.26 European Union Dec 0.33 2.79 0.25 2.17 0.95 0.25 Jan 0.35 2.79 0.25 2.17 0.95 0.27 Major Importers 4/ Dec 1.21 17.57 6.31 23.79 0.19 1.10 Jan 1.27 17.68 6.11 23.69 0.19 1.17 China Dec 0.59 15.50 0.82 16.20 0.11 0.60 Jan 0.59 15.50 0.62 16.00 0.11 0.60 India Dec 0.45 1.51 3.80 5.40 0.00 0.37 Jan 0.53 1.62 3.80 5.50 0.00 0.45 North Africa 5/ Dec 0.17 0.55 1.69 2.19 0.08 0.14 Jan 0.15 0.55 1.69 2.19 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. January 2017 WASDE - 561 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,975 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,039 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,077 54.4 III 6,468 6,099 12,621 10,333 1,515 11,989 24,610 2,112 52.6 IV 6,635 6,645 13,336 10,050 1,515 11,695 25,031 2,170 52.5 Annual Dec Proj. 25,140 24,916 50,278 40,700 5, 995 47,239 97,517 8,398 212.4 Jan Est. 25,225 24,936 50,385 40,675 5, 985 47,204 97,589 8,398 212.5 2017 I* 6,070 6,455 12,582 10,175 1,445 11,750 24,332 2,135 53.8 II* 6,405 6,365 12,829 10,450 1,525 12,118 24,947 2,120 55.6 III* 6,745 6,415 13,216 10,600 1,550 12,292 25,508 2,130 53.9 IV* 6,735 6,970 13,763 10,350 1,600 12,090 25,853 2,175 53.8 Annual Dec Proj. 25,940 25,800 51,970 41,550 6,120 48,225 100,195 8,550 216.8 Jan Proj. 25,955 26,205 52,390 41,575 6,120 48,250 100,640 8,560 217.1 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.04 78.0 116.6 81.7 17.40-17.50 Annual Dec Proj. 120.56 45.78 84.2 117.6 83.6 16.05-16.15 Jan Est. 120.86 46.16 84.3 117.1 85.7 16.20 2017 I* 112-116 39-41 79-83 102-106 78-82 18.00-18.40 II* 105-113 38-40 81-87 102-110 87-93 17.30-18.00 III* 102-110 41-45 81-87 108-116 93-101 17.45-18.45 IV* 104-112 34-36 79-85 109-119 106-114 17.70-18.70 Annual Dec Proj. 103-111 39-41 80-85 107-115 88-95 16.85-17.65 Jan Proj. 106-113 38-41 80-86 105-113 91-97 17.60-18.40 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. January 2017 WASDE - 561 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Est. Dec 683 25,204 3,021 28,908 2,484 700 25,724 55.6 Jan 683 25,289 3,006 28,978 2,519 690 25,769 55.7 2017 Proj. Dec 700 26,004 2,680 29,384 2,630 600 26,154 56.1 Jan 690 26,019 2,700 29,409 2,640 600 26,169 56.1 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Est. Dec 590 24,932 1,096 26,617 5,179 615 20,823 49.9 Jan 590 24,952 1,096 26,637 5,229 560 20,848 49.9 2017 Proj. Dec 615 25,816 1,085 27,516 5,440 635 21,441 51.0 Jan 560 26,221 1,085 27,866 5,440 660 21,766 51.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Est. Dec 1,320 50,368 4,331 56,019 7,669 1,356 46,995 106.6 Jan 1,320 50,475 4,318 56,113 7,754 1,280 47,080 106.8 2017 Proj. Dec 1,356 52,060 3,953 57,369 8,078 1,276 48,015 108.2 Jan 1,280 52,480 3,973 57,733 8,088 1,290 48,355 109.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Est. Dec 832 40,265 127 41,223 6,666 780 33,777 89.5 Jan 832 40,240 131 41,203 6,626 780 33,797 89.6 2017 Proj. Dec 780 41,105 132 42,017 6,925 715 34,377 90.5 Jan 780 41,130 140 42,050 6,925 715 34,410 90.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Est. Dec 201 5,995 49 6,245 575 225 5,445 16.8 Jan 201 5,985 52 6,238 570 245 5,423 16.7 2017 Proj. Dec 225 6,120 40 6,385 630 250 5,505 16.9 Jan 245 6,120 40 6,405 630 275 5,500 16.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Est. Dec 1,041 46,803 178 48,021 7,388 1,014 39,619 107.5 Jan 1,041 46,768 186 47,995 7,348 1,034 39,613 107.5 2017 Proj. Dec 1,014 47,780 174 48,968 7,695 974 40,299 108.6 Jan 1,034 47,805 182 49,021 7,695 999 40,327 108.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Est. Dec 2,361 97,171 4,508 104,040 15,057 2,370 86,614 214.2 Jan 2,361 97,243 4,503 104,108 15,102 2,314 86,692 214.3 2017 Proj. Dec 2,370 99,840 4,127 106,337 15,773 2,250 88,314 216.8 Jan 2,314 100,284 4,155 106,753 15,783 2,289 88,681 217.7 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2017 WASDE - 561 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Est. 2017 Proj. 2017 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.0 7,974.7 8,398.1 8,398.1 8,550.0 8,560.0 Imports 34.7 123.5 102.1 107.1 60.0 60.0 Total Supply 8,488.7 8,121.5 8,531.3 8,536.3 8,637.0 8,647.0 Use Exports 378.5 313.6 275.4 275.4 295.0 325.0 Hatching Use 980.6 995.6 1,007.3 1,007.3 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,106.2 6,781.2 7,221.6 7,226.6 7,275.0 7,255.0 Per Capita (number) 267.1 252.9 267.4 267.5 267.5 266.8 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Est. 2017 Proj. 2017 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 206.1 208.6 212.4 212.5 216.8 217.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 14.0 13.4 Marketings 205.1 207.7 211.5 211.5 215.9 216.1 Imports 4.3 5.7 7.0 7.0 7.0 7.0 Total Cml. Supply 220.6 224.6 231.8 231.9 236.8 236.5 Fat Basis Use Commercial Exports 12.4 8.8 8.8 9.1 8.4 8.3 Ending Commercial Stocks 11.2 13.3 14.0 13.4 13.7 13.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.0 209.4 214.8 215.0 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.8 14.3 Marketings 205.1 207.7 211.5 211.5 215.9 216.1 Imports 5.6 6.0 6.4 6.4 6.2 6.2 Total Cml. Supply 222.4 226.7 231.7 231.8 235.8 236.6 Skim-solid Basis Use Commercial Exports 39.0 37.3 38.7 38.9 40.1 40.2 Ending Commercial Stocks 13.1 13.9 13.8 14.3 13.2 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 179.2 178.6 182.5 183.5 Total Note: Totals may not add due to rounding. January 2017 WASDE - 561 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Est. 2017 Proj. 2017 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.595- 1.6051.6050 1.650- 1.730 1.675- 1.755 Butter 2.1361 2.0670 2.060- 2.0902.0777 1.920- 2.030 2.095- 2.205 Nonfat Dry Milk 1.7682 0.9016 0.820- 0.8400.8292 0.950- 1.010 0.990- 1.050 Dry Whey 0.6538 0.3804 0.280- 0.2900.2875 0.380- 0.410 0.415- 0.445 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.75- 14.8514.87 15.85- 16.65 16.35- 17.15 Class IV 22.09 14.35 13.65- 13.8513.77 14.20- 15.10 15.25- 16.15 All Milk 3/ 23.97 17.12 16.05- 16.1516.20 16.85- 17.65 17.60- 18.40 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. January 2017 WASDE - 561 - 35 Reliability of January Projections 1/ Note: Tables on pages 35-37 present a record of the January proj ection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.2 percent. The averag e difference between the January projection and the final estimate is 3.1 million tons, ranging from 0 million to 8.3 m illion tons. The January projection has been below the estimate 26 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.7 1.2 3.1 0.0 8.3 26 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 9 Forei gn 0.8 1.3 3.1 0.1 8.3 25 10 Exports Worl d 5.4 9.1 5.4 0.1 18.4 27 8 U.S. 5.0 8.5 1.3 0.1 3.9 19 16 Forei gn 6.5 11.0 5.2 0.3 18.0 29 6 Domestic Use Worl d 1.2 2.1 5.4 0.1 14.7 21 14 U.S. 4.6 7.8 1.1 0.0 3.0 11 23 Forei gn 1.2 2.1 5.3 0.6 14.8 22 13 Endin g Stocks Worl d 5.0 8.5 6.0 0.2 18.1 24 11 U.S. 9.0 15.3 1.5 0.0 4.6 21 13 Forei gn 5.5 9.3 5.2 0.1 16.9 24 11 COARSE GRAINS 2/ Production Worl d 1.3 2.2 10.4 0.0 26.3 25 10 U.S. 0.4 0.7 0.3 0.0 4.6 16 7 Forei gn 1.8 3.0 10.2 0.0 26.3 24 11 Exports Worl d 6.6 11.2 6.1 0.2 31.9 26 9 U.S. 12.0 20.4 4.6 0.2 13.3 16 19 Forei gn 11.1 18.9 5.8 0.4 26.8 24 11 Domestic Use Worl d 1.1 1.8 7.7 0.0 29.0 18 17 U.S. 3.1 5.2 4.0 0.2 18.8 16 19 Forei gn 1.2 2.1 7.3 0.1 22.8 24 11 Endin g Stocks Worl d 9.7 16.4 11.9 0.6 31.8 29 6 U.S. 15.6 26.5 5.8 0.0 24.3 19 15 Forei gn 12.5 21.2 9.8 0.1 29.6 28 7 RICE , milled Production Worl d 1.7 2.8 4.7 0.0 13.9 29 5 U.S. 1.7 2.9 0.1 0.0 0.3 13 7 Forei gn 1.7 2.8 4.7 0.1 13.9 30 5 Exports Worl d 9.2 15.6 1.6 0.0 6.6 26 9 U.S. 7.4 12.5 0.2 0.0 0.6 18 15 Forei gn 10.2 17.4 1.5 0.0 6.2 25 10 Domestic Use Worl d 1.4 2.4 3.6 0.0 13.9 24 11 U.S. 7.8 13.2 0.2 0.0 0.5 15 20 Forei gn 1.4 2.4 3.5 0.0 13.6 25 10 Endin g Stocks Worl d 9.4 15.9 4.4 0.5 26.6 29 6 U.S. 21.2 36.0 0.2 0.0 0.6 20 14 Forei gn 9.6 16.2 4.4 0.2 26.5 29 6 1/ Footnotes at end of table. CONTINUED January 2017 WASDE - 561 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.8 4.7 0.0 22.4 20 15 U.S. 1.4 2.4 0.7 0.0 2.5 15 15 Foreign 5.8 9.9 4.8 0.2 22.6 20 15 Exports World 6.9 11.7 2.9 0.1 12.2 22 13 U.S. 8.3 14.1 1.8 0.1 6.7 21 14 Foreign 17.9 30.4 2.7 0.0 11.8 16 19 Domestic Use World 2.7 4.5 3.6 0.1 13.0 20 15 U.S. 3.4 5.7 1.2 0.0 3.6 23 12 Foreign 3.3 5.5 3.2 0.3 12.7 20 15 Ending Stocks World 14.9 25.2 3.9 0.1 18.7 19 16 U.S. 43.1 73.2 1.9 0.1 6.6 8 27 Foreign 17.0 28.8 3.5 0.1 13.8 23 12 COTTON Million 480-Pound Bales Production World 2.6 4.5 2.0 0.0 5.4 22 12 U.S. 1.0 1.7 0.1 0.0 0.3 13 21 Foreign 3.2 5.4 2.0 0.0 5.7 24 10 Exports World 6.5 11.0 1.7 0.1 8.8 19 16 U.S. 11.2 18.9 0.8 0.0 2.7 22 13 Foreign 8.2 13.9 1.3 0.0 8.1 21 14 Domestic Use World 2.6 4.5 2.0 0.3 6.8 18 17 U.S. 5.6 9.6 0.3 0.0 0.9 20 14 Foreign 2.7 4.6 1.9 0.4 6.5 19 16 Ending Stocks World 10.2 17.3 3.8 0.1 11.3 23 12 U.S. 20.9 35.5 0.9 0.2 2.4 10 25 Foreign 10.9 18.6 3.7 0.2 11.6 24 11 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2017 WASDE - 561 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0.4 0.7 11 0 148 4 2 Exports 12.5 21.2 164 9 467 15 20 Domestic Use 3.1 5.2 144 7 574 17 18 Ending Stocks 17.4 29.5 228 1 986 20 15 SORGHUM Production 1 . 1 1 . 820 5 313 Exports 16.1 27.3 28 0 97 24 9 Domestic Use 17.9 30.4 36 1 148 16 19 Ending Stocks 46.0 78.0 25 1 98 12 23 BARLEY Production 0.8 1.3 1 0 11 15 4 Exports 22.1 37.5 8 0 37 12 21 Domestic Use 6.1 10.3 15 0 70 13 19 Ending Stocks 11.8 20.0 11 1 52 22 13 OATS Production 0 . 3 0 . 600244 Exports 6 7 . 7 1 1 4 . 91077 1 0 Domestic Use 4 . 7 7 . 91 1 13 91 71 8 Ending Stocks 17.8 30.1 13 1 47 20 15 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.4 874 15 2,728 23 12 Exports 10.3 17.4 635 34 2,350 25 10 Domestic Use 2.9 4.9 641 34 2,066 18 17 Ending Stocks 34.9 59.2 61 0 214 13 20 SOYBEAN OIL Million Pounds Production 3.2 5.4 413 7 1,418 25 10 Exports 23.8 40.4 286 0 1,325 19 14 Domestic Use 3.5 6.0 420 25 1,628 23 12 Ending Stocks 20.8 35.2 296 25 1,206 22 13 ANIMAL PROD. 3/ Million Pounds Beef 3.5 6.0 728 9 2,111 23 11 Pork 3.2 5.4 393 5 1,717 19 15 Broilers 1.8 3.0 393 24 1,011 22 12 Turkeys 3.0 5.0 122 2 407 18 16 Million Dozen Eggs 1.9 3.2 100 4 525 21 13 Billion Pounds Milk 1.5 2.6 1.8 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-561-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register: www.usda.gov/oce/forum WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-561 – January 12, 2017 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 615 Approved by the World Agricultural Outlook Board August 12, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. The NASS Crop Production report forecast all wheat production at 1,697 million bushels, down 49 million from the previous forecast. Most of the reduction is in Hard Red Winter and Soft White Winter. The all wheat yield is forecast at 44.5 bushels per acre, down 1.3 bushels from the previous forecast. Feed and residual use is lowered 10 million bushels to 160 million on reduced supplies. Food use for both 2020/21 and 2021/22 is reduced slightly, based primarily on the latest NASS Flour Milling Products report. Wheat exports are unchanged but there are offsetting by -class export changes for several classes. Projected 2021/22 ending stocks are reduced 38 million bushels to 627 million and are 26 percent below last year. The projected 2021/22 season- average farm price is raised $0.10 per bushel to $6.70. The global wheat outlook for 2021/22 is for reduced supplies, lower consumption, reduced trade, and smaller ending stocks. Supplies are projected to decline 16.8 million tons to 1,065.7 million, primarily on lower production for Russia, Canada, and the United States. Russia’s production is reduced 12.5 million tons to 72.5 million on decreased winter wheat production, which is only slightly offset by higher spring wheat output. Winter wheat harvested area is reduced on updated area data from Rosstat, Russia’s statistical agency, while yield is lowered on harvest results reported by the Ministry of Agriculture. A series of thawing and refreezing events during February and March, referred to as “ice crusting,” resulted in reductions for both area harvested and yield for Russia’s winter wheat. Canada’s production is lowered 7.5 million tons to 24.0 million on worsening drought conditions across the Prairie Provinces during July. This would be the smallest Canadian wheat crop since 2010/11. Partially offsetting these reductions are production increases for Ukraine and Australia. Ukraine is raised to a record 33.0 million tons on increased area as reported by its State Statistical Service and a higher yield on harvest results to date. Australia is increased 1.5 million tons to 30.0 million as continued abundant preci pitation has benefited crop conditions. Projected 2021/22 world consumption is reduced by 4.2 million tons to 786.7 million. Most of the consumption decreases are for feed and residual use with the curtailed supplies in Russia and Canada. Projected 2021/22 global trade is lowered 5.8 million tons to 198.2 million on reduced exports for Canada and Russia only partially offset by higher exports by Ukraine, Australia, and the EU. The reduction in aggregate exportable supplies from major exporters resulted in decreased imports from several countries including Afghanistan and Algeria, while larger crops in Brazil and Morocco reduce import demand there. Projected 2021/22 world ending stocks are lowered 12.6 million tons to 279.1 million with China accounting for 51 percent of the total. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for lower supplies, reduced feed and residual use, increased food, seed, and industrial use, lower exports, and smaller ending stocks. Projected beginning stocks for 2021/22 are 35 million bushels higher based on a lower use forecast for 2020/21. Reduced exports are partially offset by greater corn used for ethanol, starch, and glucose and dextrose. Corn production for 2021/22 is forecast at 14.8 billion WASDE-615-2 bushels, down 415 million from the July projection. The season’s first survey -based corn yield forecast, at 174.6 bushels per acre, is 4.9 bushels below last month’s trend-based projection. Among th e major producing states, today’s Crop Production report indicates that record -high yields are expected in Illinois, Indiana, and Ohio. In contrast, yields in Minnesota and South Dakota are forecast below a year ago. Total U.S. corn use for 2021/22 is down 190 million bushels to 14.7 billion. Feed and residual use is down 100 million bushels based mostly on a smaller crop and higher expected prices. Corn used for glucose and dextrose and starch is projected higher based on observed use during 2020/21. Exports for 2021/22 are lowered 100 million bushels to 2.4 billion. With supply falling more than use, ending stocks are down 190 million bushels to 1.2 billion. The season-average corn price received by producers is raised 15 cents to $5.75 per bushel. This month’s 2021/22 foreign coarse grain outlook is for lower production, slightly lower trade, and smaller stocks relative to last month. Foreign corn production is forecast higher relative to last month. Ukraine corn production is raised as a reduction in area is more than offset by a boost in yield prospects. Russia corn production is increased based on expectations of greater area. EU corn production is lowered, mostly reflecting reductions for Hungary, Romania, and Bulgaria that are partially offset by increases for France, Croatia, and Germany. Other notable corn production changes include projected increases for India, Canada, and Moldova, with a reduction for Serbia. Foreign barley production is lower, with reductions for Canada, Kazakhsta n, Turkey, the EU, and Russia more than offsetting increases for Ukraine, Australia, and Morocco. Major global coarse grain trade changes for 2021/22 include forecast corn export increases for Ukraine, Russia, and India with reductions for Serbia and the EU. Corn imports are raised for Bangladesh, Thailand, and the United Kingdom but are reduced for Iran, Vietnam, Mexico, Egypt, Japan, Morocco, Saudi Arabia, and Algeria. China barley imports are reduced reflecting sharply lower exports for Canada. For 2020/21, for the local marketing year beginning March 2021 corn exports are lowered for Brazil but raised for Argentina. Foreign corn ending stocks for 2021/22 are down 1.7 million tons to 253.1 million. RICE : The outlook for 2021/22 U.S. rice this month is for reduced supplies, lower domestic use, higher exports, and smaller ending stocks. Supplies are reduced on the combination of lower beginning stocks, smaller production, and decreased imports. Beginning stocks are lower based on higher exports and fewer imports in 2020/21. The first survey -based 2021/22 production forecast reduced total rice production by 2.0 million cwt to 197.4 million, all on lower yields. The all rice yield is 7,544 pounds per acre and is down 76 pounds from the previous forecast. Total rice imports are lowered 1.0 million cwt, all for long -grain, to 38.0 million on the reduced availabil ity of shipping containers and higher freight costs, which are expected to persist into 2021/22. Total domestic and residual use is lowered by 2.0 million cwt to 151.0 million on the smaller crop size and less imports. Total exports are increased to 91.0 million cwt as higher long-grain exports more than offset lower medium - and short -grain exports. Long -grain exports are raised by 2.0 million cwt to 65.0 million on sales to Iraq for the first time in two years. Medium - and short -grain exports are lowered 1.0 million cwt to 26.0 million on reduced supplies and increased competition. Projected 2021/22 all rice ending stocks are reduced by 4.0 million cwt to 37.3 million, down 15 percent from last year. The 2021/22 all rice season-average farm price is i ncreased $0.10 per cwt to $14.50. The 2021/22 global outlook is for increased supplies, marginally higher consumption, larger trade, and higher ending stocks. Supplies are raised by 3.4 million tons to 684.4 million, primarily on a combination of higher beginning stocks for China, Vietnam, and Taiwan and WASDE-615-3 increased production for Bangladesh, Sri Lanka, and Vietnam. Bangladesh production is raised to a record 36.3 million tons on increased area harvested and a higher yield. World 2021/22 consumption is raised by 0.3 million tons to a record 514.3 million, primarily on higher Bangladesh consumption. Global 2021/22 trade is raised 0.6 million tons to 47.7 million, mainly on increased exports by India. Projected 2021/22 world ending stocks are increased by 3.2 million tons to 170.1 million, mostly on higher stocks for China, Vietnam, and Bangladesh. OILSEEDS : U.S. soybean supply and use changes for 2021/22 include higher beginning stocks and lower production, crush, and exports. Beginning soybean stocks are raised on lower 2020/21 crush and exports. Soybean production for 2021/22 is forecast at 4.34 billion bushels, down 66 million on lower yields. Harvested area is forecast at 86.7 million acres, unchanged from July. The first survey -based soybean yield forecast of 50.0 bushels per acre is reduced 0.8 bushels from last month. Soybean supplies for 2020/21 are projected at 4.5 billion bushels, down 3 percent from last year. Soybean crush is reduced 20 million bushels on a lower domestic soybean meal disappearance forecast which is reduced in line with the prior year, and lower soybean meal exports. With soybean exports down 20 million bushels on lower supplies, ending stocks are forecast at 155 million bushels, unchanged from last month. The U.S. s eason- average soybean price for 2021/22 is forecast at $13.70 per bushel, unchanged from last month. The soybean meal price is forecast at $385 per short ton, down 10 dollars. The soybean oil price forecast is unchanged at 65.0 cents per pound. The 2021/22 global oilseed supply and demand forecasts include lower production, crush, exports, and slightly higher ending stocks compared to last month. Foreign oilseed production is reduced 3.6 million tons to 501.4 million, reflecting lower canola production for Canada and sunflowerseed for Russia. Partly offsetting is higher Ukrainian sunflowerseed. Canada’s canola crop is lowered 4.2 million tons to 16 million on drought in the Canadian Prairies. Russian sunflowerseed production is lowered 1.0 million tons to 15.5 million as pockets of dryness and extreme heat in key regions lower overall crop prospects. In contrast, Ukraine’s sunflowerseed production is forecast higher as a wet spring followed by beneficial rains during June and July in southern Ukraine improved yield potential. Global 2021/22 oilseed crush is lowered mainly on lower soybean crush for China and lower rapeseed supplies leading to reduced crush for the EU, Canada, and China. Soybean crush for China is lowered 2.0 million tons to 98 million, in line with downward revisions to crush and soybean meal consumption in the prior year. With lower demand, China’s 2021/22 soybean imports are lowered 1.0 million tons to 101 million. Global oilseed stocks are slightly higher as lower production is paired with lower use. Lower rapeseed and sunflowerseed stocks are offset by higher global soybean stocks, which are raised 1. 7 million tons to 96. 1 million mainly on higher stocks for China. SUGAR: U.S. beet sugar production for 2020/21 is decreased by 51,945 short tons, raw value (STRV) to 5.063 million, mostly on a lower share of crop year 2021/22 beet sugar production occurring in August and September 2021. That portion of processor -reported decreases (50,000 STRV) stemming from later -than-anticipated harvest start dates is expected to be accounted for in the 2021/22 fiscal year. For 2021/22 NASS sugarbeet yield and area harvested forecasts in the August Crop Production report imply national sugarbeet production at 33.710 million tons, slightly above the total for 2020/21. Assuming average recovery, shrink, and recovery from desugared molasses, 2021/22 crop year production is forecast at 4.988 million STRV. Adjustments made for expected August -September production in 2021 and 2022 plus sugar from imported sugarbeets from Canada impl y fiscal year 2021/22 production of 5.078 million STRV, an WASDE-615-4 increase of 45,265 over last month. Cane sugar production in Texas is decreased by 5,000 STRV based on processor reporting. Imports for 2020/21 are increased by 38,607 STRV to 3.177 million. The raw sugar TRQ shortfall is reduced by 11,134 STRV to 75,721 after entry of sugar from the Philippines previously expected not to enter. Re-export imports are increased by 45,000 STRV to 245,000 on the import pace from Customs and Border Protection ACE data. Imports from Mexico that were part of the Other Sugar Export Limit increase made in April are decreased by 17,527 STRV due to inadequate supplies of below 99.2 pol sugar in Mexico. There are no policy announcements concerning imports at this time. Imports for 2021/22 are unchanged from last month. Exports for 2020/21 are increased by 10,000 STRV to 45,000 on the basis of increased pace. There are no other changes to use for either 2020/21 or 2021/22. Ending stocks for 2020/21 are residually estimated at 1.753 million STRV for an ending stocks -to-use ratio of 14.28 percent. Ending stocks for 2021/22 are projected at 1.672 million STRV for an ending stocks -to-use ratio of 13.63 percent. Mexico production for 2020/21 is estimated at 5.715 million metric tons (MT) with the finish of the campaign by all mills. Deliveries to IMMEX are increased by 14,000 MT to 442,000 based on the pace to date. This estimate is carried over to 2021/22. Ending stocks are adjusted slightly to cover anticipated use for the 2.5 months prior to next season production campaigns for both 2020/21 and 2021/22. Exports are residually adjusted for small decreases of 9,469 MT in 2020/21 and 14,000 MT in 2021/22. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2021 is reduced from last month on lower expected beef and pork production. The decline in beef production largely reflects lighter expected carcass weights due to a higher expected proportion of non- fed cattle being slaughtered through the end of the year. The pork production forecast is reduced on a slower expected pace of slaughter for the remainder of the year and lighter carcass weights. Broiler production is raised from last month as higher -than-expected second quarter production more than offset a lowered second half -forecast. The turkey production forecast is virtually unchanged. Egg production is lowered on recent data; the forecast for the second half of the year is unchanged. For 2022, the red meat and poultry production forecast is reduced as lower expected beef production more than offsets slightly higher pork production. The beef production forecast is lowered on tighter expected supplies of both fed and non- fed cattle. Pork production is foreca st higher as slightly heavier carcass weights more than offset lower expected hog slaughter. Poultry and egg production forecasts are unchanged from last month. For 2021, beef imports are raised on recent trade data and expected firm demand from several key trading countries; the import forecasts for 2022 are also raised. Beef export forecasts are lowered for both 2021 and 2022 on slowing global demand for U.S. beef. Pork export forecasts for 2021 and 2022 are reduced from last month on recent trade data and continued slower demand growth from Asia. Broiler and egg export forecasts for 2021 are raised on recent data; no changes are made to the 2022 forecasts. Cattle prices are raised for 2021 and 2022 on current price strength and firm demand. The 2021 hog price forecast is raised on current price strength while the 2022 price forecast is unchanged from last month. Broiler and turkey price forecasts for 2021 are raised on current prices; the 2022 forecasts are unchanged. WASDE-615-5 Milk production forecasts for 2021 and 2022 are reduced from last month on lower expected dairy cow numbers. For 2021, the fat basis import forecast is raised from last month on firm demand for butterfat and cheese imports, while the fat basis export forecast is reduced. The skim-solids basis import forecast for 2021 is raised primarily on higher imports of milk proteins while the export forecast is raised primarily on stronger expected sales of whey and lactose. For 2022, the fat basis import forecast is raised on continued strong import demand for butter and butterfat, while the fat basis export forecast is raised as U.S. butter prices are expected to be competitive. The skim -solids basis import and export forecasts are unchanged from last month. For 2021, butter, cheese, nonfat dry milk , and whey price forecasts are lowered on relatively weak demand. Dairy product prices are also reduced for 2022 reflecting continued relatively soft domestic demand and higher forecast beginning stocks. The 2021 and 2022 Class III and Class IV price forecasts are reduced from the previous month on lower forecast dairy product prices. The 2021 all milk price is forecast lower at $17.95 per cwt. The all milk price forecast for 2022 is $17.85 per cwt. COTTON : In this month’s 2021 /22 U.S. cotton projections, beginning stocks are slightly larger, and a 536,000-bale decrease in production results in lower exports and ending stocks. Beginning stocks are larger as estimated exports for 2020/21 are reduced 50,000 bales based on final Export Sales data and Census Bureau data through June. NASS’s first survey -based estimate of production for 2021/22 is 17.3 million bales. Exports are 200,000 bales lower than in July, and ending stocks are 300,000 bales lower, equating to 17 percent of expected use, the same as in 2020/21. The U.S. season- average price for upland cotton is forecast 5 cents per pound higher than in July which, at 80 cents, would be its highest since 2011/12. Lower production is reducing this month’s 2021/22 global ending stock s forecast slightly. World production is forecast 546,000 bales lower as reduced production in Brazil, the United States, and Uzbekistan offsets higher projections for Australia, Mali, and Tanzania. Consumption is forecast slightly higher, up 170,000 bales, with gains for Bangladesh and Pakistan. World 2021/22 cotton ending stocks are projected at 87.2 million bales, about 500,000 bales lower than in July, and 4.6 million lower than in 2020/21. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE-615-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Ron Lord, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Sep 10, Oct 12, Nov 9, and Dec 9. WASDE-615-7 T A B L E OF C O N T E N T S Page Highlights ................................................................................................................. 1 Interagency Commodity Estimates Committees ...................................................... 6 World & U.S. Supply & Use for Grains .................................................................... 8 World & U.S. Supply & Use for Cotton .................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................... 10 U.S. Wheat Supply & Use ...................................................................................... 11 U.S. Wheat Supply & Use by Class ....................................................................... 11 U.S. Feed Grain & Corn Supply & Use .................................................................. 12 U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13 U.S. Rice Supply & Use ......................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................. 15 U.S. Sugar Supply & Use ...................................................................................... 16 Mexico Sugar Supply and Use .............................................................................. 16 U.S. Cotton Supply & Use ..................................................................................... 17 World Wheat Supply & Use ................................................................................... 18 World Coarse Grains Supply & Use ...................................................................... 20 World Corn Supply & Use ...................................................................................... 22 World Rice Supply & Use ...................................................................................... 24 World Cotton Supply & Use ................................................................................... 26 World Soybean Supply & Use ............................................................................... 28 World Soybean Meal Supply & Use ....................................................................... 29 World Soybean Oil Supply & Use .......................................................................... 30 U.S. Quarterly Animal Product Production ............................................................ 31 U.S. Quarterly Prices for Animal Products ............................................................. 31 U.S. Meats Supply and Use ................................................................................... 32 U.S. Egg Supply & Use .......................................................................................... 33 U.S. Milk Supply and Use ...................................................................................... 33 U.S. Dairy Prices ................................................................................................... 34 Reliability Tables ................................................................................................... 35 Related USDA Reports .......................................................................................... 38 Metric Conversion Factors ..................................................................................... 38 Electronic Access and Subscriptions ...................................................................... 40 August 2021 WASDE - 615 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2676.59 3487.80 449.27 2675.60 812.20 2020/21 (Est.) 2706.51 3518.70 476.75 2741.38 777.32 filler filler filler filler filler 2021/22 (Proj.) Jul 2795.25 3570.68 498.87 2793.82 776.86 2021/22 (Proj.) Aug 2768.76 3546.08 491.01 2785.87 760.21 filler filler filler filler filler Wheat 2019/20 763.60 1046.26 195.03 748.57 297.69 2020/21 (Est.) 775.84 1073.53 201.63 784.71 288.83 filler filler filler filler filler 2021/22 (Proj.) Jul 792.40 1082.58 203.99 790.89 291.68 2021/22 (Proj.) Aug 776.91 1065.74 198.23 786.67 279.06 filler filler filler filler filler Coarse Grains 5/ 2019/20 1415.17 1767.10 210.87 1430.35 336.75 2020/21 (Est.) 1424.86 1761.61 226.30 1450.06 311.55 filler filler filler filler filler 2021/22 (Proj.) Jul 1496.80 1807.13 247.76 1488.94 318.19 2021/22 (Proj.) Aug 1484.40 1795.95 245.10 1484.94 311.01 filler filler filler filler filler Rice, milled 2019/20 497.83 674.44 43.38 496.69 177.75 2020/21 (Est.) 505.81 683.56 48.82 506.62 176.95 filler filler filler filler filler 2021/22 (Proj.) Jul 506.04 680.97 47.12 513.99 166.98 2021/22 (Proj.) Aug 507.45 684.40 47.67 514.25 170.14 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 431.48 518.50 108.05 355.24 55.21 filler filler filler filler filler 2021/22 (Proj.) Jul 452.59 514.79 98.47 358.46 57.86 2021/22 (Proj.) Aug 440.73 503.41 95.96 355.65 51.80 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.69 80.40 26.99 30.45 22.97 filler filler filler filler filler 2021/22 (Proj.) Jul 47.52 74.43 23.81 32.52 18.09 2021/22 (Proj.) Aug 46.18 73.09 23.81 32.22 17.05 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 374.57 428.89 78.08 319.96 30.85 filler filler filler filler filler 2021/22 (Proj.) Jul 398.74 431.33 71.80 321.08 38.45 2021/22 (Proj.) Aug 388.28 421.45 69.26 318.64 33.56 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.21 2.99 4.83 1.40 filler filler filler filler filler 2021/22 (Proj.) Jul 6.33 9.03 2.86 4.86 1.31 2021/22 (Proj.) Aug 6.27 8.87 2.89 4.79 1.18 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2021 WASDE - 615 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,258.70 2,971.51 369.45 2,319.85 731.47 2020/21 (Est.) 2,275.02 3,000.20 368.70 2,386.14 722.11 filler filler filler filler filler 2021/22 (Proj.) Jul 2,342.66 3,055.89 400.41 2,435.36 719.00 2021/22 (Proj.) Aug 2,328.03 3,042.67 395.05 2,430.22 708.41 filler filler filler filler filler Wheat 2019/20 711.01 961.47 168.66 718.13 269.71 2020/21 (Est.) 726.15 993.13 174.65 754.25 265.86 filler filler filler filler filler 2021/22 (Proj.) Jul 744.88 1,008.15 180.18 758.37 273.59 2021/22 (Proj.) Aug 730.73 992.64 174.42 754.45 262.01 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,055.73 1,344.08 160.41 1,109.62 284.92 2020/21 (Est.) 1,050.29 1,332.72 148.22 1,130.10 280.70 filler filler filler filler filler 2021/22 (Proj.) Jul 1,098.07 1,375.81 175.97 1,167.86 279.74 2021/22 (Proj.) Aug 1,096.12 1,374.50 175.85 1,166.31 277.45 filler filler filler filler filler Rice, milled 2019/20 491.95 665.95 40.39 492.10 176.84 2020/21 (Est.) 498.58 674.36 45.84 501.79 175.55 filler filler filler filler filler 2021/22 (Proj.) Jul 499.71 671.94 44.26 509.13 165.67 2021/22 (Proj.) Aug 501.18 675.53 44.78 509.46 168.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.40 201.45 41.23 102.82 98.16 2020/21 (Est.) 112.42 210.58 48.05 119.01 91.78 filler filler filler filler filler 2021/22 (Proj.) Jul 119.39 210.95 45.92 123.16 87.74 2021/22 (Proj.) Aug 118.84 210.62 46.25 123.33 87.23 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.35 2.30 3.20 filler filler filler filler filler 2021/22 (Proj.) Jul 17.80 20.95 15.20 2.50 3.30 2021/22 (Proj.) Aug 17.26 20.47 15.00 2.50 3.00 filler filler filler filler filler Foreign 4/ 2019/20 101.49 176.68 25.72 100.67 90.91 2020/21 (Est.) 97.81 188.72 31.70 116.71 88.58 filler filler filler filler filler 2021/22 (Proj.) Jul 101.59 190.00 30.72 120.66 84.44 2021/22 (Proj.) Aug 101.58 190.16 31.25 120.83 84.23 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2021 WASDE - 615 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 581.30 715.56 190.68 509.00 112.59 2020/21 (Est.) 599.91 712.49 191.14 512.27 106.57 filler filler filler filler filler 2021/22 (Proj.) Jul 635.41 740.38 199.92 533.84 108.61 2021/22 (Proj.) Aug 629.52 736.09 196.41 529.47 108.85 filler filler filler filler filler Oilmeals 2019/20 346.65 364.44 95.38 342.05 16.78 2020/21 (Est.) 351.47 368.26 96.79 347.06 15.06 filler filler filler filler filler 2021/22 (Proj.) Jul 365.54 380.91 98.93 357.99 16.48 2021/22 (Proj.) Aug 362.38 377.43 98.71 355.55 15.50 filler filler filler filler filler Vegetable Oils 2019/20 207.53 232.06 86.78 202.94 25.20 2020/21 (Est.) 207.31 232.51 86.64 207.35 22.61 filler filler filler filler filler 2021/22 (Proj.) Jul 216.96 239.51 91.37 213.34 22.47 2021/22 (Proj.) Aug 215.86 238.47 91.45 212.88 22.03 filler filler filler filler filler United States Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 122.35 139.53 62.65 63.12 6.09 filler filler filler filler filler 2021/22 (Proj.) Jul 130.46 137.57 57.69 64.88 5.89 2021/22 (Proj.) Aug 128.15 135.91 57.10 64.34 5.80 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.83 53.56 13.05 40.04 0.48 filler filler filler filler filler 2021/22 (Proj.) Jul 50.07 54.50 13.22 40.75 0.53 2021/22 (Proj.) Aug 49.67 54.09 13.13 40.43 0.53 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.88 18.67 1.01 16.47 1.19 filler filler filler filler filler 2021/22 (Proj.) Jul 13.13 19.30 0.85 17.41 1.04 2021/22 (Proj.) Aug 13.03 19.28 0.85 17.40 1.03 filler filler filler filler filler Foreign 3/ Output Tota l Supply Tra de Tota l Use 2/ Ending Stocks Oilseeds 2019/20 474.32 580.83 143.71 445.96 96.63 2020/21 (Est.) 477.56 572.96 128.49 449.16 100.48 filler filler filler filler filler 2021/22 (Proj.) Jul 504.95 602.81 142.23 468.97 102.72 2021/22 (Proj.) Aug 501.38 600.18 139.31 465.12 103.05 filler filler filler filler filler Oilmeals 2019/20 297.88 311.13 82.55 301.96 16.40 2020/21 (Est.) 302.64 314.69 83.75 307.03 14.57 filler filler filler filler filler 2021/22 (Proj.) Jul 315.47 326.41 85.71 317.24 15.95 2021/22 (Proj.) Aug 312.71 323.34 85.57 315.12 14.97 filler filler filler filler filler Vegetable Oils 2019/20 194.89 213.35 85.28 186.94 23.99 2020/21 (Est.) 194.44 213.84 85.63 190.87 21.42 filler filler filler filler filler 2021/22 (Proj.) Jul 203.83 220.21 90.52 195.93 21.43 2021/22 (Proj.) Aug 202.83 219.19 90.60 195.47 21.00 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2021 WASDE - 615 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Million Acres Area Planted 45.5 44.3 46.7 46.7 Area Harvested 37.4 36.7 38.1 38.1 Bushels Yield per Harvested Acre 51.7 49.7 45.8 44.5 Million Bushels Beginning Stocks 1,080 1,028 844 844 Production 1,932 1,826 1,746 1,697 Imports 104 100 145 145 Supply, Total 3,116 2,954 2,735 2,686 Food 962 959 963 962 Seed 60 61 62 62 Feed and Residual 97 99 170 160 Domestic, Total 1,118 1,119 1,195 1,184 Exports 969 992 875 875 Use, Total 2,087 2,110 2,070 2,059 Ending Stocks 1,028 844 665 627 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.60 6.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 530 266 302 69 1,826 Supply, Total 3/ 1,169 857 376 404 148 2,954 Domestic Use 403 338 222 64 92 1,119 Exports 340 284 69 270 28 992 Use, Total 743 622 291 334 121 2,110 Ending Stocks, Total 426 235 85 70 28 844 2021/22 (Proj.) Beginning Stocks 426 235 85 70 28 844 Production 777 305 366 214 35 1,697 Supply, Total 3/ 1,208 610 456 289 122 2,686 Domestic Use 502 269 237 90 87 1,184 Exports 360 225 115 160 15 875 Use, Total 862 494 352 250 102 2,059 Ending Stocks, Total Aug 346 116 104 40 21 627 Ending Stocks, Total Jul 369 119 105 51 20 665 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. August 2021 WASDE - 615 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Million Acres Area Planted 100.6 102.3 104.1 * 104.1 Area Harvested 89.1 90.7 93.0 * 93.0 Metric Tons Yield per Harvested Acre 4.03 4.13 4.28 4.17 Million Metric Tons Beginning Stocks 60.5 51.8 29.9 30.8 Production 359.2 374.3 398.4 388.0 Imports 2.8 2.3 2.4 2.1 Supply, Total 422.4 428.3 430.7 420.9 Feed and Residual 154.3 149.6 148.5 145.9 Food, Seed & Industrial 165.9 169.8 172.0 172.2 Domestic, Total 320.2 319.4 320.5 318.1 Exports 50.4 78.1 71.8 69.3 Use, Total 370.6 397.5 392.3 387.4 Ending Stocks 51.8 30.8 38.4 33.5 CORN 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Million Acres Area Planted 89.7 90.8 92.7 * 92.7 Area Harvested 81.3 82.5 84.5 * 84.5 Bushels Yield per Harvested Acre 167.5 172.0 179.5 * 174.6 Million Bushels Beginning Stocks 2,221 1,919 1,082 1,117 Production 13,620 14,182 15,165 14,750 Imports 42 25 25 25 Supply, Total 15,883 16,127 16,272 15,892 Feed and Residual 5,900 5,725 5,725 5,625 Food, Seed & Industrial 2/ 6,286 6,510 6,615 6,625 Ethanol & by -products 3/ 4,857 5,075 5,200 5,200 Domestic, Total 12,186 12,235 12,340 12,250 Exports 1,777 2,775 2,500 2,400 Use, Total 13,963 15,010 14,840 14,650 Ending Stocks 1,919 1,117 1,432 1,242 Avg. Farm Price ($/bu) 4/ 3.56 4.40 5.60 5.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains- database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted average price received by farmers. *For July , planted acres reported in the June 30, 2021, "Acreage." The corn yield projection is based on a weather- adjusted trend assuming normal mid-May planting progress and summer growing season weather, estimated using the 1988-2020 time period, and includes a downward stochastic adjustment to account for the asymmetric response of yield to July precipitation. August 2021 WASDE - 615 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.3 5.9 6.5 * 6.5 Area Harvested (mil. acres) 4.7 5.1 5.8 * 5.8 Yield (bushels/acre) 73.0 73.2 69.0 * 70.8 Beginning Stocks 64 30 13 13 Production 341 373 399 409 Imports 0 0 0 0 Supply, Total 405 403 412 423 Feed and Residual 97 95 65 75 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 105 75 85 Exports 203 285 320 320 Use, Total 375 390 395 405 Ending Stocks 30 13 17 18 Avg. Farm Price ($/bu) 2/ 3.34 5.00 6.00 6.15 Filler Filler Filler Filler Filler BARLEY 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 2.6 2.6 * 2.6 Area Harvested (mil. acres) 2.2 2.1 2.0 * 2.0 Yield (bushels/acre) 77.7 77.5 55.9 * 51.6 Beginning Stocks 87 80 72 72 Production 172 165 114 106 Imports 7 7 7 7 Supply, Total 266 252 193 184 Feed and Residual 39 26 10 10 Food, Seed & Industrial 142 141 120 115 Total Domestic 180 167 130 125 Exports 6 14 6 6 Use, Total 186 180 136 131 Ending Stocks 80 72 57 53 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.95 5.75 Filler Filler Filler Filler Filler OATS 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.0 2.4 * 2.4 Area Harvested (mil. acres) 0.8 1.0 0.7 * 0.7 Yield (bushels/acre) 64.3 65.1 57.2 * 57.4 Beginning Stocks 38 37 38 38 Production 53 65 41 41 Imports 92 85 92 77 Supply, Total 183 188 171 156 Feed and Residual 63 67 65 50 Food, Seed & Industrial 81 79 79 79 Total Domestic 144 146 144 129 Exports 2 3 2 2 Use, Total 146 150 146 131 Ending Stocks 37 38 25 25 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.60 3.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing- year weighted average price received by farmers. *For July, sorghum planted and harvested acres reported in the June 30, 2021, "Acreage." The yield is the median yield for 2001-2020. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2021, "Crop Production." August 2021 WASDE - 615 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Million Acres Area Planted 2.55 3.04 2.66 * 2.66 Area Harvested 2.48 2.99 2.62 * 2.62 Filler Pounds Yield per Harvested Acre 7,473 7,619 7,620 * 7,544 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 45.9 43.9 Production 185.1 227.6 199.3 197.4 Imports 37.3 33.7 39.0 38.0 Supply, Total 267.3 289.9 284.3 279.3 Domestic & Residual 3/ 144.4 152.0 153.0 151.0 Exports, Total 4/ 94.2 94.0 90.0 91.0 Rough 31.3 35.0 35.0 33.0 Milled (rough equiv.) 62.9 59.0 55.0 58.0 Use, Total 238.6 246.0 243.0 242.0 Ending Stocks 28.7 43.9 41.3 37.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 13.90 14.40 14.50 Tota l LONG -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 32.8 31.8 Imports 29.8 27.0 31.0 30.0 Production 125.6 170.9 152.3 150.0 Supply, Total 7/ 188.0 214.8 216.1 211.8 Domestic & Residual 3/ 106.3 118.0 120.0 118.0 Exports 8/ 64.8 65.0 63.0 65.0 Use, Total 171.1 183.0 183.0 183.0 Ending Stocks 16.9 31.8 33.1 28.8 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 12.80 12.90 Filler Filler Filler Filler Filler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 12.1 11.1 Imports 7.6 6.7 8.0 8.0 Production 59.5 56.7 47.0 47.3 Supply, Total 7/ 78.3 74.1 67.1 66.5 Domestic & Residual 3/ 38.2 34.0 33.0 33.0 Exports 8/ 29.4 29.0 27.0 26.0 Use, Total 67.6 63.0 60.0 59.0 Ending Stocks 10.7 11.1 7.1 7.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 17.60 19.30 19.30 California 10/ 21.60 19.70 22.00 22.00 Other States 1/ 11.60 13.00 13.50 13.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18- 1.4; 2018/19 -2.1; 2019/ 20-1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing- year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short -grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the r ice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. * For July-- Planted and harvested area are reported in June 30, 202 1 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. August 2021 WASDE - 615 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Filler Filler Filler Filler Filler Million Acres Area Planted 76.1 83.1 87.6 * 87.6 Area Harvested 74.9 82.3 86.7 * 86.7 Filler Bushels Yield per Harvested Acre 47.4 50.2 50.8 * 50.0 Million Bushels Beginning Stocks 909 525 135 160 Production 3,552 4,135 4,405 4,339 Imports 15 20 35 35 Supply, Total 4,476 4,680 4,575 4,533 Crushings 2,165 2,155 2,225 2,205 Exports 1,679 2,260 2,075 2,055 Seed 96 102 104 104 Residual 12 4 15 14 Use, Total 3,952 4,520 4,420 4,379 Ending Stocks 525 160 155 155 Avg. Farm Price ($/bu) 2/ 8.57 10.90 13.70 13.70 Tota l SOYBEAN OIL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,775 1,853 1,793 1,793 Production 4/ 24,911 25,215 25,945 25,710 Imports 320 250 600 600 Supply, Total 27,006 27,318 28,338 28,103 Domestic Disappearance 22,317 23,825 25,400 25,200 Biofuel 3/ 8,658 9,100 12,000 11,500 Food, Feed & other Industrial 13,659 14,725 13,400 13,700 Exports 2,837 1,700 1,450 1,450 Use, Total 25,154 25,525 26,850 26,650 Ending stocks 1,853 1,793 1,488 1,453 Avg. Price (c/lb) 2/ 29.65 57.50 65.00 65.00 Tota l SOYBEAN MEAL 2019/20 2020/21 Est. 2021/22 Pro j. 2021/22 Pro j. J uly August Filler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 450 450 Production 4/ 51,100 51,059 52,500 52,050 Imports 639 800 450 450 Supply, Total 52,142 52,200 53,400 52,950 Domestic Disappearance 37,967 37,650 38,600 38,250 Exports 13,834 14,100 14,300 14,200 Use, Total 51,801 51,750 52,900 52,450 Ending Stocks 341 450 500 500 Avg. Price ($/s.t.) 2/ 299.50 395.00 395.00 385.00 Tota l Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,155 million bushels for 2020/21 and 2,205 million bushels for 2021/22. *Planted and harvested acres are from the June 30, 2021 Acreage report. The yield is based on a weather -adjusted trend model. August 2021 WASDE - 615 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,777 1,753 Production 2/ 8,149 9,234 9,008 9,048 Beet Sugar 4,351 5,063 5,033 5,078 Cane Sugar 3,798 4,171 3,975 3,970 Florida 2,106 2,089 2,015 2,015 Louisiana 1,566 1,949 1,825 1,825 Texas 126 134 135 130 Imports 4,143 3,177 3,136 3,136 TRQ 3/ 2,152 1,789 1,387 1,387 Other Program 4/ 432 245 250 250 Other 5/ 1,559 1,143 1,499 1,499 Mexico 1,376 963 1,449 1,449 Total Supply 14,074 14,028 13,921 13,937 Exports 61 45 35 35 Deliveries 12,322 12,230 12,230 12,230 Food 12,224 12,125 12,125 12,125 Other 6/ 98 105 105 105 Miscellaneous 74 0 0 0 Total Use 12,457 12,275 12,265 12,265 Ending Stocks 1,618 1,753 1,656 1,672 Stocks to Use Ratio 13.0 14.3 13.5 13.6 Tota l 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (76) and for 2021/22 (99). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (183), 2020/21 (180), and 2021/22 (50). 6/ Transfers accompanying deliveries for sugar-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total r efiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Jul 858 5,708 105 4,391 1,366 913 2020/21 Est. Aug 858 5,715 105 4,405 1,357 916 2021/22 Proj. Jul 913 5,809 85 4,383 1,511 913 2021/22 Proj. Aug 916 5,809 85 4,397 1,497 916 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,325; Projected 2021/22 = 1,300. Estimated Oct -June 2020/21 = 989; Estimated Oct -June 2019/20 = 1,033. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (442 est =377 dom.+65 import); 2021/22 (442 proj = 377 dom.+65 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). August 2021 WASDE - 615 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jul Aug Filler Filler Filler Filler Filler Area Million Acres Planted 13.74 12.09 11.72 ** 11.72 Harvested 11.50 8.28 10.50 ** 10.36 Filler Pounds Yield per Harvested Acre 831 847 814 ** 800 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.20 Production 19.91 14.61 17.80 17.26 Imports 0.00 0.00 0.00 0.00 Supply, Total 24.77 21.86 20.95 20.47 Domestic Use 2.15 2.30 2.50 2.50 Exports, Total 15.51 16.35 15.20 15.00 Use, Total 17.66 18.65 17.70 17.50 Unaccounted 2/ -0.15 0.01 -0.05 -0.03 Ending Stocks 7.25 3.20 3.30 3.00 Avg. Farm Price 3/ 59.6 66.5 75.0 80.0 Tota l Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. **Planted area as reported in June 30, 2021 Acreage. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to reflect favorable moisture. Yield based on 10 -year average yields by regi on, with the Southwest adjusted for current conditions. August 2021 WASDE - 615 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 282.67 763.60 187.59 139.03 748.57 195.03 297.69 World Less China 144.08 630.00 182.22 120.03 622.57 193.98 147.18 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 253.28 711.01 184.77 136.40 718.13 168.66 269.71 Major Exporters 4/ 37.35 308.45 7.55 73.41 179.56 142.53 31.26 Argentina 1.74 19.78 0.01 0.05 6.30 13.50 1.72 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 107.70 39.77 12.62 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.01 1.51 Major Importers 6/ 180.51 202.54 122.00 37.09 297.82 13.21 194.03 Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.59 133.60 5.38 19.00 126.00 1.05 150.52 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 12.06 22.20 17.71 3.60 38.47 0.78 12.71 Southeast Asia 9/ 5.95 0.00 26.45 7.94 25.38 1.13 5.89 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63 United Kingdom 1.91 15.60 1.74 7.43 14.93 1.62 2.70 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 297.69 775.84 194.25 158.20 784.71 201.63 288.83 World Less China 147.18 641.59 183.63 118.20 634.71 200.87 144.21 United States 27.99 49.69 2.73 2.70 30.45 26.99 22.97 Total Foreign 269.71 726.15 191.53 155.50 754.26 174.65 265.86 Major Exporters 4/ 31.26 322.54 6.78 73.35 180.20 147.00 33.38 Argentina 1.72 17.65 0.01 0.05 6.35 10.50 2.52 Australia 2.68 33.00 0.20 5.00 8.50 23.00 4.38 Canada 5.50 35.18 0.55 4.70 9.90 27.50 3.83 European Union 5/ 12.62 125.94 5.50 42.00 104.25 30.75 9.07 Russia 7.23 85.35 0.40 19.00 42.50 38.50 11.98 Ukraine 1.51 25.42 0.13 2.60 8.70 16.75 1.60 Major Importers 6/ 194.03 202.74 124.99 57.28 324.53 12.57 184.65 Bangladesh 1.86 1.18 6.70 0.35 7.75 0.00 1.99 Brazil 0.76 6.25 6.50 0.40 12.05 0.95 0.51 China 150.52 134.25 10.62 40.00 150.00 0.76 144.62 Japan 1.21 0.99 5.49 0.65 6.35 0.29 1.05 N. Africa 7/ 14.36 16.60 28.59 1.75 47.10 0.89 11.56 Nigeria 0.30 0.06 6.50 0.05 5.55 0.60 0.70 Sel. Mideast 8/ 12.71 22.18 18.50 3.59 39.51 0.52 13.36 Southeast Asia 9/ 5.89 0.00 25.41 7.09 24.87 1.14 5.29 Selected Other India 24.70 107.86 0.03 6.50 103.09 2.40 27.10 Kazakhstan 0.63 14.26 0.60 1.40 6.15 8.00 1.34 United Kingdom 2.70 9.66 3.20 6.06 13.66 0.44 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Alge ria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 290.18 792.40 201.99 160.55 790.89 203.99 291.68 Aug 288.83 776.91 196.42 157.37 786.67 198.23 279.06 World Less China Jul 144.55 656.40 191.99 125.55 642.89 202.99 149.05 Aug 144.21 640.91 186.42 122.37 638.67 197.23 137.44 United States Jul 22.97 47.52 3.95 4.63 32.52 23.81 18.09 Aug 22.97 46.18 3.95 4.35 32.22 23.81 17.05 Total Foreign Jul 267.21 744.88 198.04 155.93 758.37 180.18 273.59 Aug 265.86 730.73 192.47 153.02 754.45 174.42 262.01 Major Exporters 4/ Jul 33.42 333.70 7.30 76.05 183.15 152.00 39.27 Aug 33.38 318.60 6.90 73.65 180.35 146.50 32.04 Argentina Jul 2.51 20.50 0.00 0.05 6.45 13.50 3.06 Aug 2.52 20.50 0.00 0.05 6.45 13.50 3.08 Australia Jul 4.38 28.50 0.20 4.50 8.00 20.50 4.58 Aug 4.38 30.00 0.20 4.50 8.00 22.00 4.58 Canada Jul 3.83 31.50 0.70 4.00 9.20 23.00 3.83 Aug 3.83 24.00 0.70 2.80 8.00 17.50 3.03 European Union 5/ Jul 9.07 138.20 5.80 45.50 108.00 34.00 11.07 Aug 9.07 138.60 5.40 46.00 108.50 35.00 9.57 Russia Jul 12.03 85.00 0.50 19.00 42.50 40.00 15.03 Aug 11.98 72.50 0.50 17.00 40.00 35.00 9.98 Ukraine Jul 1.60 30.00 0.10 3.00 9.00 21.00 1.70 Aug 1.60 33.00 0.10 3.30 9.40 23.50 1.80 Major Importers 6/ Jul 185.97 206.46 129.71 53.27 325.01 13.10 184.04 Aug 184.65 207.51 126.51 52.94 325.01 12.75 180.92 Bangladesh Jul 1.99 1.13 7.00 0.40 8.10 0.00 2.02 Aug 1.99 1.13 6.90 0.35 8.05 0.00 1.97 Brazil Jul 0.64 6.90 7.00 0.70 12.50 1.00 1.04 Aug 0.51 7.70 6.50 0.80 12.60 1.30 0.81 China Jul 145.63 136.00 10.00 35.00 148.00 1.00 142.63 Aug 144.62 136.00 10.00 35.00 148.00 1.00 141.62 Japan Jul 1.10 0.96 5.80 0.70 6.40 0.30 1.16 Aug 1.05 0.96 5.70 0.63 6.30 0.30 1.11 N. Africa 7/ Jul 11.96 20.85 29.15 1.75 47.75 1.01 13.21 Aug 11.56 21.55 27.95 1.95 47.70 1.01 12.36 Nigeria Jul 0.70 0.06 5.60 0.05 5.35 0.40 0.61 Aug 0.70 0.06 5.60 0.05 5.65 0.40 0.31 Sel. Mideast 8/ Jul 13.16 20.49 19.31 3.67 39.51 0.74 12.71 Aug 13.36 20.49 19.11 3.67 39.81 0.49 12.66 Southeast Asia 9/ Jul 5.19 0.00 26.60 7.30 25.25 1.11 5.43 Aug 5.29 0.00 25.75 7.00 24.95 1.16 4.93 Selected Other India Jul 27.10 108.00 0.03 7.00 105.00 2.50 27.63 Aug 27.10 108.00 0.03 7.00 105.00 2.70 27.43 Kazakhstan Jul 1.24 13.00 0.50 1.30 6.15 7.50 1.09 Aug 1.34 12.50 0.50 1.30 6.05 7.20 1.09 United Kingdom Jul 1.45 14.80 2.00 7.70 15.90 0.70 1.65 Aug 1.46 15.00 2.00 7.70 15.70 0.70 2.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.93 1,415.17 204.91 882.88 1,430.35 210.87 336.75 World Less China 141.55 1,146.99 187.41 682.06 1,135.28 210.82 135.81 United States 60.47 359.43 3.11 154.52 320.73 50.45 51.83 Total Foreign 291.46 1,055.73 201.80 728.36 1,109.62 160.41 284.92 Major Exporters 4/ 19.62 307.86 4.58 134.33 179.24 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.90 0.01 5.61 7.57 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.23 142.37 292.89 374.97 16.03 36.94 European Union 6/ 14.51 152.74 19.42 119.65 158.63 13.65 14.39 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.93 73.40 0.74 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.38 268.18 17.50 200.82 295.07 0.04 200.94 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2/ Exports Ending Stocks World 3/ 336.75 1,424.86 229.96 906.52 1,450.06 226.30 311.55 World Less China 135.81 1,156.84 185.41 684.42 1,135.61 226.27 112.51 United States 51.83 374.57 2.50 149.77 319.96 78.08 30.85 Total Foreign 284.92 1,050.29 227.46 756.75 1,130.10 148.22 280.70 Major Exporters 4/ 24.23 293.13 6.33 135.14 180.47 119.50 23.72 Argentina 4.68 57.05 0.01 12.03 17.66 41.01 3.06 Australia 2.89 16.45 0.00 5.85 7.82 7.85 3.67 Brazil 5.72 90.96 4.20 61.52 72.66 23.03 5.21 Canada 3.98 29.64 1.96 16.64 24.12 7.46 4.01 Russia 1.87 41.40 0.09 22.37 31.94 9.05 2.37 Ukraine 2.65 39.59 0.03 9.45 12.61 27.90 1.76 Major Importers 5/ 36.94 250.76 136.48 293.60 375.52 13.33 35.33 European Union 6/ 14.39 154.04 14.60 119.64 158.49 11.02 13.52 Japan 1.74 0.23 16.94 13.34 17.22 0.00 1.69 Mexico 4.14 31.96 17.04 29.86 49.35 0.73 3.06 N. Afr & Mideast 7/ 8.12 33.57 37.66 62.79 71.00 0.70 7.65 Saudi Arabia 1.72 0.19 11.21 11.15 11.51 0.00 1.62 Southeast Asia 8/ 3.82 30.47 22.93 43.15 51.51 0.89 4.83 South Korea 2.02 0.22 11.61 9.15 11.66 0.00 2.19 Selected Other China 200.94 268.02 44.55 222.10 314.45 0.03 199.03 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some coun tries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 310.33 1,496.80 235.47 923.12 1,488.94 247.76 318.19 Aug 311.55 1,484.40 230.88 916.92 1,484.94 245.10 311.01 World Less China Jul 111.26 1,221.38 188.77 693.77 1,166.79 247.71 119.20 Aug 112.51 1,209.00 185.18 688.42 1,163.64 245.05 112.22 United States Jul 29.96 398.74 2.63 148.68 321.08 71.80 38.45 Aug 30.85 388.28 2.32 146.09 318.64 69.26 33.56 Total Foreign Jul 280.37 1,098.07 232.85 774.44 1,167.86 175.97 279.74 Aug 280.70 1,096.12 228.56 770.84 1,166.31 175.85 277.45 Major Exporters 4/ Jul 24.37 333.67 4.62 140.91 187.63 148.12 26.91 Aug 23.72 333.43 4.71 140.69 187.25 148.85 25.76 Argentina Jul 3.29 60.78 0.01 12.98 18.65 41.71 3.72 Aug 3.06 60.77 0.01 12.95 18.62 41.71 3.52 Australia Jul 3.57 14.20 0.00 6.61 8.67 6.88 2.22 Aug 3.67 14.70 0.00 6.61 8.67 7.38 2.32 Brazil Jul 5.71 122.02 2.40 65.59 77.73 43.03 9.38 Aug 5.21 122.02 2.40 65.59 77.73 43.03 8.88 Canada Jul 4.01 29.25 2.02 16.54 23.94 7.70 3.64 Aug 4.01 26.15 2.11 16.30 23.60 5.46 3.21 Russia Jul 2.37 41.65 0.10 22.95 32.55 9.75 1.82 Aug 2.37 41.90 0.10 22.85 32.40 10.15 1.82 Ukraine Jul 1.77 48.06 0.03 8.85 12.01 35.85 2.00 Aug 1.76 50.32 0.03 9.01 12.20 37.93 1.97 Major Importers 5/ Jul 35.15 248.73 141.87 296.09 378.72 13.61 33.42 Aug 35.33 248.11 137.99 293.61 376.20 13.11 32.12 European Union 6/ Jul 13.46 153.40 16.42 118.80 157.83 11.65 13.81 Aug 13.52 153.45 16.39 119.23 158.20 11.15 14.01 Japan Jul 1.69 0.20 17.54 13.88 17.82 0.00 1.61 Aug 1.69 0.20 17.24 13.78 17.72 0.00 1.41 Mexico Jul 3.06 33.75 17.55 30.66 50.14 0.70 3.52 Aug 3.06 33.75 17.00 30.61 50.09 0.70 3.02 N. Afr & Mideast 7/ Jul 7.65 30.97 41.51 64.47 73.14 0.42 6.58 Aug 7.65 30.30 39.21 61.72 70.39 0.42 6.36 Saudi Arabia Jul 1.62 0.20 11.51 11.36 11.71 0.00 1.62 Aug 1.62 0.20 11.21 11.26 11.61 0.00 1.42 Southeast Asia 8/ Jul 4.71 29.91 21.05 42.95 51.35 0.85 3.48 Aug 4.83 29.91 20.85 43.05 51.45 0.85 3.29 South Korea Jul 2.19 0.22 11.81 9.55 12.06 0.00 2.17 Aug 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Selected Other China Jul 199.07 275.43 46.70 229.35 322.15 0.05 198.99 Aug 199.03 275.40 45.70 228.50 321.30 0.05 198.78 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.56 1,118.56 167.59 715.89 1,134.86 172.40 306.26 World Less China 112.40 857.78 160.00 522.89 856.86 172.39 105.74 United States 56.41 345.96 1.06 149.86 309.55 45.13 48.76 Total Foreign 266.15 772.60 166.53 566.03 825.31 127.27 257.50 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.16 260.78 7.60 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Production Imports Domes tic Feed Domes tic Total 2 / Exports Ending Stocks World 3/ 306.26 1,115.41 184.21 727.71 1,140.92 178.50 280.75 World Less China 105.74 854.74 158.21 521.71 851.92 178.48 82.58 United States 48.76 360.25 0.64 145.42 310.78 70.49 28.37 Total Foreign 257.50 755.16 183.58 582.28 830.13 108.01 252.38 Major Exporters 4/ 13.27 196.87 3.56 90.70 112.80 89.30 11.60 Argentina 3.62 48.50 0.01 9.70 13.70 36.50 1.92 Brazil 5.23 87.00 3.50 58.00 68.00 23.00 4.73 Russia 0.83 13.87 0.04 9.60 10.70 3.10 0.94 South Africa 2.12 17.20 0.00 7.20 13.00 3.20 3.12 Ukraine 1.48 30.30 0.02 6.20 7.40 23.50 0.89 Major Importers 5/ 21.01 128.44 91.97 161.80 216.30 4.90 20.23 Egypt 1.73 6.40 10.00 14.10 16.60 0.01 1.52 European Union 6/ 7.58 64.47 13.20 55.30 75.00 3.30 6.94 Japan 1.39 0.00 15.40 11.90 15.40 0.00 1.39 Mexico 3.52 27.00 16.50 25.50 43.70 0.70 2.62 Southeast Asia 7/ 3.81 30.42 20.97 41.40 49.50 0.89 4.82 South Korea 2.00 0.08 11.50 9.10 11.40 0.00 2.18 Selected Other 0.00 Canada 2.56 13.56 1.70 8.80 14.00 1.50 2.32 China 200.53 260.67 26.00 206.00 289.00 0.02 198.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 279.86 1,194.80 187.66 747.59 1,183.47 198.84 291.18 Aug 280.75 1,186.12 184.61 743.89 1,182.24 197.85 284.63 World Less China Jul 81.68 926.80 161.66 536.59 889.47 198.82 93.03 Aug 82.58 918.12 158.61 532.89 888.24 197.83 86.48 United States Jul 27.48 385.21 0.64 145.42 313.45 63.50 36.37 Aug 28.37 374.68 0.64 142.88 311.16 60.96 31.56 Total Foreign Jul 252.37 809.59 187.02 602.17 870.02 135.34 254.81 Aug 252.38 811.44 183.97 601.01 871.07 136.89 253.08 Major Exporters 4/ Jul 12.30 238.90 1.77 95.50 118.90 117.10 16.97 Aug 11.60 241.50 1.77 96.00 119.40 119.20 16.27 Argentina Jul 2.12 51.00 0.01 10.50 14.50 36.00 2.63 Aug 1.92 51.00 0.01 10.50 14.50 36.00 2.43 Brazil Jul 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Aug 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Russia Jul 0.94 15.40 0.05 10.10 11.30 4.40 0.69 Aug 0.94 16.50 0.05 10.60 11.80 5.00 0.69 South Africa Jul 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Aug 3.12 17.00 0.00 7.30 13.30 3.20 3.62 Ukraine Jul 0.89 37.50 0.02 5.60 6.80 30.50 1.11 Aug 0.89 39.00 0.02 5.60 6.80 32.00 1.11 Major Importers 5/ Jul 20.12 131.12 93.90 165.00 219.90 5.85 19.39 Aug 20.23 129.92 92.10 164.00 218.80 5.35 18.10 Egypt Jul 1.52 6.40 10.40 14.40 16.90 0.01 1.42 Aug 1.52 6.40 10.00 14.10 16.60 0.01 1.32 European Union 6/ Jul 6.95 66.70 15.00 57.00 76.90 4.30 7.45 Aug 6.94 65.50 15.00 56.50 76.30 3.80 7.34 Japan Jul 1.39 0.00 15.90 12.40 15.95 0.00 1.34 Aug 1.39 0.00 15.60 12.30 15.85 0.00 1.14 Mexico Jul 2.62 28.00 17.00 25.80 44.00 0.70 2.92 Aug 2.62 28.00 16.50 25.80 44.00 0.70 2.42 Southeast Asia 7/ Jul 4.70 29.86 19.50 41.50 49.75 0.85 3.47 Aug 4.82 29.86 19.10 41.40 49.65 0.85 3.28 South Korea Jul 2.18 0.08 11.70 9.50 11.80 0.00 2.15 Aug 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Selected Other Canada Jul 2.32 13.30 2.00 9.30 14.50 1.00 2.12 Aug 2.32 13.60 2.00 9.60 14.80 1.00 2.12 China Jul 198.18 268.00 26.00 211.00 294.00 0.02 198.16 Aug 198.18 268.00 26.00 211.00 294.00 0.02 198.16 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2021 WASDE - 615 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.61 497.83 42.31 496.69 43.38 177.75 World Less China 61.61 351.10 39.71 351.46 40.78 61.25 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.19 491.95 41.12 492.10 40.39 176.84 Major Exporters 4/ 36.69 183.69 0.66 153.33 30.48 37.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 105.98 12.49 29.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.55 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.59 1.86 3.39 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Production Imports Total /2 Domes tic Exports Ending Stocks World 3/ 177.75 505.81 45.89 506.62 48.82 176.95 World Less China 61.25 357.51 41.69 356.34 46.60 60.45 United States 0.91 7.23 1.07 4.83 2.99 1.40 Total Foreign 176.84 498.58 44.82 501.79 45.84 175.55 Major Exporters 4/ 37.22 189.05 1.41 155.00 37.15 35.53 Burma 1.01 12.60 0.00 10.55 1.85 1.21 India 29.90 122.00 0.00 107.00 19.00 25.90 Pakistan 1.15 8.18 0.00 3.55 4.20 1.59 Thailand 3.98 18.83 0.20 12.70 5.80 4.51 Vietnam 1.18 27.44 1.20 21.20 6.30 2.32 Major Importers 5/ 128.55 240.77 16.87 255.23 2.75 128.22 China 116.50 148.30 4.20 150.28 2.22 116.50 European Union 6/ 1.26 1.95 1.80 3.40 0.50 1.11 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.46 2.10 14.45 0.00 3.71 Sel. Mideast 7/ 1.22 2.31 3.70 6.10 0.00 1.12 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.85 0.61 C. Amer & Carib 8/ 0.61 1.57 1.87 3.40 0.03 0.61 Egypt 1.23 4.00 0.25 4.30 0.02 1.16 Japan 1.98 7.57 0.69 8.25 0.08 1.90 Mexico 0.18 0.21 0.80 0.96 0.02 0.21 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2021 WASDE - 615 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 174.92 506.04 45.39 513.99 47.12 166.98 Aug 176.95 507.45 45.65 514.25 47.67 170.14 World Less China Jul 59.32 357.04 42.19 357.99 44.72 57.58 Aug 60.45 358.45 42.05 358.55 45.27 59.14 United States Jul 1.46 6.33 1.24 4.86 2.86 1.31 Aug 1.40 6.27 1.21 4.79 2.89 1.18 Total Foreign Jul 173.46 499.71 44.15 509.13 44.26 165.67 Aug 175.55 501.18 44.44 509.46 44.78 168.96 Major Exporters 4/ Jul 34.56 188.40 0.70 156.55 34.70 32.42 Aug 35.53 188.60 0.71 156.60 35.20 33.03 Burma Jul 1.16 12.80 0.00 10.65 2.10 1.22 Aug 1.21 12.80 0.00 10.70 2.00 1.32 India Jul 25.90 121.00 0.00 108.00 15.50 23.40 Aug 25.90 121.00 0.00 108.00 16.00 22.90 Pakistan Jul 1.56 8.20 0.00 3.70 4.30 1.76 Aug 1.59 8.20 0.01 3.70 4.30 1.79 Thailand Jul 4.51 19.50 0.20 12.90 6.50 4.81 Aug 4.51 19.50 0.20 12.90 6.50 4.81 Vietnam Jul 1.43 26.90 0.50 21.30 6.30 1.23 Aug 2.32 27.10 0.50 21.30 6.40 2.22 Major Importers 5/ Jul 127.56 242.27 15.80 261.06 2.97 121.60 Aug 128.22 243.24 16.15 261.07 2.97 123.57 China Jul 115.60 149.00 3.20 156.00 2.40 109.40 Aug 116.50 149.00 3.60 155.70 2.40 111.00 European Union 6/ Jul 1.21 1.89 2.10 3.50 0.55 1.15 Aug 1.11 1.89 2.00 3.45 0.55 1.00 Indonesia Jul 3.41 35.30 0.60 35.60 0.00 3.71 Aug 3.41 35.35 0.60 35.60 0.00 3.76 Nigeria Jul 0.70 5.00 2.00 6.95 0.00 0.75 Aug 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Jul 3.65 12.30 2.10 14.50 0.00 3.55 Aug 3.71 12.30 2.10 14.50 0.00 3.61 Sel. Mideast 7/ Jul 1.02 2.25 3.85 6.11 0.00 1.01 Aug 1.12 2.25 3.90 6.17 0.00 1.11 Selected Other Brazil Jul 0.51 7.96 0.70 7.50 1.05 0.62 Aug 0.61 8.02 0.65 7.45 1.05 0.78 C. Amer & Carib 8/ Jul 0.62 1.67 1.93 3.51 0.02 0.68 Aug 0.61 1.62 1.93 3.46 0.02 0.68 Egypt Jul 1.16 3.45 0.60 4.30 0.02 0.89 Aug 1.16 3.45 0.60 4.30 0.02 0.89 Japan Jul 1.90 7.58 0.69 8.20 0.07 1.90 Aug 1.90 7.58 0.69 8.20 0.07 1.90 Mexico Jul 0.22 0.22 0.80 0.97 0.01 0.26 Aug 0.21 0.22 0.80 0.97 0.01 0.25 South Korea Jul 1.04 3.77 0.41 3.90 0.06 1.26 Aug 1.04 3.77 0.41 3.90 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2021 WASDE - 615 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.05 121.40 40.74 102.82 41.23 -0.03 98.16 World Less China 44.38 94.15 33.60 69.82 41.08 -0.03 61.26 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.20 101.49 40.74 100.67 25.72 0.12 90.91 Major Exporters 4/ 28.34 57.81 2.92 28.17 21.23 0.02 39.65 Central Asia 5/ 2.28 5.96 3/ 3.91 1.78 0.00 2.56 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.66 0.00 2.52 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 9.00 28.80 2.28 20.00 3.20 0.00 16.88 Major Importers 8/ 44.88 40.62 35.44 68.85 3.19 0.10 48.80 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.23 2.00 0.58 0.60 1.82 0.02 0.36 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Production Imports Domes tic Use Exports Los s /2 Ending Stocks World 98.16 112.42 48.39 119.01 48.05 0.13 91.78 World Less China 61.26 82.92 35.64 79.01 48.04 0.13 52.64 United States 7.25 14.61 3/ 2.30 16.35 0.01 3.20 Total Foreign 90.91 97.81 48.39 116.71 31.70 0.12 88.58 Major Exporters 4/ 39.65 54.95 1.55 32.83 27.24 0.02 36.07 Central Asia 5/ 2.56 5.84 0.01 4.14 1.98 0.00 2.29 Afr. Fr. Zone 6/ 2.52 4.87 3/ 0.14 5.07 0.00 2.17 S. Hemis. 7/ 17.25 15.58 0.14 3.93 13.54 0.01 15.50 Australia 0.80 2.80 3/ 0.04 1.35 0.00 2.22 Brazil 14.40 10.75 0.01 3.00 11.01 0.00 11.15 India 16.88 28.30 0.80 24.00 6.10 0.00 15.88 Major Importers 8/ 48.80 39.75 44.51 80.10 3.02 0.10 49.86 Mexico 0.69 1.02 0.88 1.65 0.50 0.03 0.41 China 36.90 29.50 12.75 40.00 0.01 0.00 39.14 European Union 9/ 0.36 1.68 0.56 0.62 1.83 0.01 0.14 Turkey 2.77 2.90 5.35 7.70 0.60 0.00 2.72 Pakistan 3.39 4.50 5.30 10.40 0.03 0.03 2.74 Indonesia 0.64 3/ 2.25 2.40 0.01 0.00 0.49 Thailand 0.10 3/ 0.58 0.55 0.00 0.03 0.11 Bangladesh 2.52 0.15 8.50 8.40 0.00 0.01 2.75 Vietnam 1.11 3/ 7.28 7.30 0.00 0.00 1.09 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2021 WASDE - 615 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 91.57 119.39 45.92 123.16 45.92 0.06 87.74 Aug 91.78 118.84 46.25 123.33 46.25 0.07 87.23 World Less China Jul 52.69 92.64 35.92 82.16 45.87 0.06 53.16 Aug 52.64 92.09 36.25 82.33 46.20 0.07 52.39 United States Jul 3.15 17.80 3/ 2.50 15.20 -0.05 3.30 Aug 3.20 17.26 3/ 2.50 15.00 -0.03 3.00 filler filler filler filler filler filler filler Total Foreign Jul 88.42 101.59 45.91 120.66 30.72 0.11 84.44 Aug 88.58 101.58 46.25 120.83 31.25 0.11 84.23 Major Exporters 4/ Jul 36.01 60.32 1.74 34.61 26.49 0.02 36.95 Aug 36.07 60.32 1.78 34.58 26.95 0.02 36.61 Central Asia 5/ Jul 2.31 5.63 3/ 4.28 1.49 0.00 2.17 Aug 2.29 5.48 0.02 4.25 1.46 0.00 2.08 Afr. Fr. Zone 6/ Jul 2.04 5.87 3/ 0.14 5.80 0.00 1.97 Aug 2.17 6.16 3/ 0.14 6.07 0.00 2.11 S. Hemis. 7/ Jul 15.58 19.40 0.16 4.08 12.80 0.01 18.25 Aug 15.50 19.23 0.16 4.08 12.98 0.01 17.83 Australia Jul 2.17 3.90 3/ 0.04 3.30 0.00 2.73 Aug 2.22 4.40 3/ 0.04 3.50 0.00 3.08 filler filler filler filler filler filler filler Brazil Jul 11.08 13.25 0.03 3.10 8.20 0.00 13.05 Aug 11.15 12.50 0.03 3.10 8.20 0.00 12.37 India Jul 15.88 29.00 1.00 25.50 6.00 0.00 14.38 Aug 15.88 29.00 1.00 25.50 6.00 0.00 14.38 Major Importers 8/ Jul 49.74 38.15 41.73 82.14 2.58 0.09 44.82 Aug 49.86 38.14 42.00 82.32 2.64 0.09 44.96 Mexico Jul 0.41 1.05 0.90 1.70 0.25 0.03 0.39 Aug 0.41 1.05 0.90 1.65 0.30 0.03 0.39 China Jul 38.87 26.75 10.00 41.00 0.05 0.00 34.57 Aug 39.14 26.75 10.00 41.00 0.05 0.00 34.84 European Union 9/ Jul 0.16 1.80 0.59 0.64 1.76 0.00 0.15 Aug 0.14 1.79 0.59 0.64 1.72 0.00 0.16 Turkey Jul 2.67 3.40 5.20 8.20 0.45 0.00 2.62 Aug 2.72 3.40 5.20 8.20 0.50 0.00 2.62 Pakistan Jul 2.84 5.00 5.30 10.50 0.05 0.03 2.57 Aug 2.74 5.00 5.60 10.60 0.05 0.03 2.67 Indonesia Jul 0.49 3/ 2.50 2.50 0.01 0.00 0.49 Aug 0.49 3/ 2.45 2.50 0.01 0.00 0.44 Thailand Jul 0.10 3/ 0.58 0.55 0.00 0.03 0.11 Aug 0.11 3/ 0.58 0.55 0.00 0.03 0.11 Bangladesh Jul 2.80 0.15 8.00 8.40 0.00 0.01 2.54 Aug 2.75 0.15 8.00 8.50 0.00 0.01 2.39 Vietnam Jul 1.16 3/ 7.60 7.60 0.00 0.00 1.17 Aug 1.09 3/ 7.60 7.60 0.00 0.00 1.10 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2021 WASDE - 615 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.71 339.70 164.97 312.43 358.44 165.06 95.87 World Less China 95.26 321.60 66.43 220.93 249.24 164.97 69.08 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.97 243.03 164.55 253.52 296.59 119.36 81.60 Major Exporters 3/ 62.44 189.39 5.45 89.09 99.14 110.68 47.46 Argentina 28.89 48.80 4.88 38.77 45.87 10.00 26.70 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 1.06 10.10 0.01 3.50 3.80 6.62 0.75 Major Importers 4/ 22.07 21.76 131.88 120.06 145.92 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.32 4.50 9.81 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ 95.87 363.26 164.71 319.07 366.10 164.93 92.82 World Less China 69.08 343.66 67.71 225.07 253.60 164.83 62.02 United States 14.28 112.55 0.54 58.65 61.52 61.51 4.34 Total Foreign 81.60 250.71 164.17 260.42 304.58 103.42 88.48 Major Exporters 3/ 47.46 195.03 6.02 91.63 101.78 94.86 51.87 Argentina 26.70 46.00 5.00 41.50 48.70 3.70 25.30 Brazil 20.00 137.00 1.00 46.75 49.40 82.50 26.10 Paraguay 0.75 9.90 0.01 3.30 3.60 6.60 0.46 Major Importers 4/ 29.45 23.24 130.92 123.46 150.21 0.32 33.08 China 26.80 19.60 97.00 94.00 112.50 0.10 30.80 European Union 1.54 2.58 15.00 16.10 17.82 0.20 1.09 Southeast Asia 0.83 0.58 9.67 4.81 10.19 0.02 0.87 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Production Imports Domes tic C rus h Domes tic Tota l Exports Ending Stocks World 2/ Jul 91.49 385.22 171.71 332.04 381.09 172.85 94.49 Aug 92.82 383.63 170.61 329.57 378.59 172.33 96.15 World Less China Jul 61.70 366.22 69.71 232.04 261.39 172.75 63.49 Aug 62.02 364.63 69.61 231.57 260.89 172.23 63.15 United States Jul 3.66 119.88 0.95 60.56 63.81 56.47 4.22 Aug 4.34 118.08 0.95 60.01 63.24 55.93 4.21 Total Foreign Jul 87.83 265.34 170.76 271.49 317.28 116.38 90.27 Aug 88.48 265.55 169.66 269.56 315.35 116.40 91.93 Major Exporters 3/ Jul 52.30 209.10 5.37 94.53 104.83 108.38 53.56 Aug 51.87 209.10 5.37 94.53 104.83 108.38 53.12 Argentina Jul 25.50 52.00 4.70 43.00 50.35 6.35 25.50 Aug 25.30 52.00 4.70 43.00 50.35 6.35 25.30 Brazil Jul 26.34 144.00 0.65 47.70 50.35 93.00 27.64 Aug 26.10 144.00 0.65 47.70 50.35 93.00 27.40 Paraguay Jul 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Aug 0.46 10.50 0.01 3.75 4.05 6.50 0.42 Major Importers 4/ Jul 31.95 22.87 136.35 129.71 157.68 0.35 33.14 Aug 33.08 22.87 135.35 127.75 155.70 0.35 35.25 China Jul 29.80 19.00 102.00 100.00 119.70 0.10 31.00 Aug 30.80 19.00 101.00 98.00 117.70 0.10 33.00 European Union Jul 0.97 2.80 15.00 15.90 17.62 0.23 0.92 Aug 1.09 2.80 15.00 15.90 17.62 0.23 1.05 Southeast Asia Jul 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Aug 0.87 0.53 9.85 4.98 10.36 0.02 0.87 Mexico Jul 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Aug 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. August 2021 WASDE - 615 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.91 245.22 61.98 240.88 67.68 12.55 World Less China 13.91 172.75 61.93 169.37 66.67 12.55 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 13.55 198.86 61.40 206.43 55.13 12.24 Major Exporters 3/ 5.98 72.82 0.03 27.37 45.85 5.61 Argentina 2.06 29.87 0.00 3.20 27.46 1.27 Brazil 3.54 36.23 0.01 18.50 17.50 3.78 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.06 58.95 1.10 1.62 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.01 3.51 17.05 20.31 0.21 1.05 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 12.55 250.60 63.30 245.71 69.19 11.55 World Less China 12.55 176.15 63.22 172.43 67.94 11.55 United States 0.31 46.32 0.73 34.16 12.79 0.41 Total Foreign 12.24 204.28 62.58 211.55 56.39 11.15 Major Exporters 3/ 5.61 75.71 0.06 28.27 47.50 5.61 Argentina 1.27 31.95 0.00 3.32 28.50 1.40 Brazil 3.78 36.24 0.02 19.10 17.20 3.73 India 0.57 7.52 0.04 5.85 1.80 0.48 Major Importers 4/ 1.62 23.15 37.43 59.42 1.03 1.74 European Union 0.33 12.73 16.75 28.54 0.80 0.46 Mexico 0.10 4.90 1.88 6.75 0.01 0.12 Southeast Asia 5/ 1.05 3.75 16.95 20.52 0.22 1.01 China 0.00 74.45 0.08 73.28 1.25 0.00 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jul 11.92 260.63 64.39 254.63 70.15 12.16 Aug 11.55 258.69 64.29 252.72 70.21 11.59 World Less China Jul 11.92 181.43 64.33 176.62 68.90 12.16 Aug 11.55 181.07 64.23 176.15 69.11 11.59 United States Jul 0.41 47.63 0.41 35.02 12.97 0.45 Aug 0.41 47.22 0.41 34.70 12.88 0.45 Total Foreign Jul 11.51 213.00 63.99 219.61 57.18 11.71 Aug 11.15 211.47 63.88 218.02 57.33 11.14 Major Exporters 3/ Jul 5.89 77.88 0.05 29.89 47.85 6.08 Aug 5.61 77.88 0.05 29.64 48.20 5.70 Argentina Jul 1.65 33.15 0.00 3.40 29.50 1.90 Aug 1.40 33.15 0.00 3.40 29.50 1.65 Brazil Jul 3.76 36.97 0.02 20.25 16.65 3.84 Aug 3.73 36.97 0.02 20.00 17.00 3.72 India Jul 0.48 7.76 0.03 6.24 1.70 0.34 Aug 0.48 7.76 0.03 6.24 1.70 0.34 Major Importers 4/ Jul 1.77 23.34 37.90 59.96 1.09 1.96 Aug 1.74 23.37 37.90 60.07 1.09 1.85 European Union Jul 0.49 12.57 17.00 28.54 0.85 0.67 Aug 0.46 12.57 17.00 28.59 0.85 0.59 Mexico Jul 0.12 5.06 1.93 7.00 0.01 0.09 Aug 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Jul 1.01 3.88 17.17 20.79 0.24 1.04 Aug 1.01 3.88 17.17 20.79 0.24 1.04 China Jul 0.00 79.20 0.06 78.01 1.25 0.00 Aug 0.00 77.62 0.06 76.58 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2021 WASDE - 615 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.34 58.54 11.16 57.03 12.31 4.70 World Less China 3.84 42.14 10.16 39.94 12.15 4.05 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.54 47.24 11.01 46.91 11.02 3.86 Major Exporters 3/ 1.07 20.33 0.55 12.42 8.12 1.41 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.23 19.43 6.81 25.66 0.47 1.35 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.39 4.88 0.02 0.15 North Africa 5/ 0.31 1.05 1.79 2.48 0.29 0.38 2020/21 Est. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ 4.70 59.99 12.18 59.78 12.39 4.70 World Less China 4.05 43.15 10.98 41.89 12.34 3.95 United States 0.84 11.44 0.11 10.81 0.77 0.81 Total Foreign 3.86 48.55 12.07 48.98 11.62 3.89 Major Exporters 3/ 1.41 20.94 0.69 12.52 9.12 1.39 Argentina 0.55 8.25 0.00 2.05 6.25 0.50 Brazil 0.47 9.00 0.21 7.91 1.28 0.49 European Union 0.35 3.06 0.48 2.51 0.98 0.40 Major Importers 4/ 1.35 20.19 7.23 27.18 0.24 1.34 China 0.65 16.85 1.20 17.90 0.05 0.75 India 0.15 1.69 3.70 5.33 0.02 0.20 North Africa 5/ 0.38 1.12 1.58 2.65 0.18 0.25 2021/22 Proj. Beginning Stocks Production Imports Domes tic Tota l Exports Ending Stocks World 2/ Jul 4.52 62.32 12.09 61.99 12.80 4.15 Aug 4.70 61.93 12.10 61.48 12.89 4.36 World Less China Jul 3.77 44.40 10.91 43.07 12.65 3.38 Aug 3.95 44.37 10.93 42.92 12.74 3.59 United States Jul 0.81 11.77 0.27 11.52 0.66 0.68 Aug 0.81 11.66 0.27 11.43 0.66 0.66 Total Foreign Jul 3.71 50.56 11.82 50.47 12.14 3.48 Aug 3.89 50.27 11.83 50.05 12.23 3.70 Major Exporters 3/ Jul 1.24 21.41 0.50 12.71 9.29 1.16 Aug 1.39 21.46 0.50 12.60 9.39 1.36 Argentina Jul 0.55 8.50 0.00 2.11 6.40 0.54 Aug 0.50 8.55 0.00 2.01 6.50 0.55 Brazil Jul 0.32 9.18 0.05 7.94 1.30 0.31 Aug 0.49 9.18 0.05 7.94 1.30 0.49 European Union Jul 0.37 3.02 0.45 2.61 0.95 0.29 Aug 0.40 3.02 0.45 2.61 0.95 0.32 Major Importers 4/ Jul 1.37 21.43 7.26 28.31 0.44 1.30 Aug 1.34 21.08 7.26 27.95 0.44 1.28 China Jul 0.75 17.92 1.18 18.92 0.15 0.78 Aug 0.75 17.56 1.18 18.56 0.15 0.78 India Jul 0.20 1.75 3.73 5.45 0.02 0.21 Aug 0.20 1.75 3.73 5.45 0.02 0.21 North Africa 5/ Jul 0.28 1.22 1.58 2.61 0.28 0.19 Aug 0.25 1.22 1.58 2.60 0.28 0.17 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. August 2021 WASDE - 615 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 III 7,115 7,048 14,213 11,358 1,454 12,958 27,172 2,311 55.4 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,221 1,399 12,759 26,432 2,303 58.1 III* 7,045 6,605 13,699 11,400 1,420 12,960 26,659 2,335 56.7 IV* 6,975 7,260 14,285 11,220 1,450 12,800 27,085 2,395 56.5 Annual Jul Proj. 27,905 28,151 56,256 44,693 5,655 50,880 107,136 9,346 228.2 Aug Proj. 27,872 27,824 55,892 44,734 5,659 50,929 106,821 9,339 228.1 2022 I* 6,860 7,155 14,065 11,025 1,405 12,560 26,625 2,340 57.7 II* 6,630 6,630 13,311 11,300 1,410 12,850 26,161 2,340 58.9 Annual Jul Proj. 27,325 28,120 55,649 45,300 5,700 51,545 107,194 9,470 231.6 Aug Proj. 26,965 28,145 55,309 45,300 5,700 51,545 106,854 9,470 231.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 III 101.74 40.50 66.7 111.3 89.0 18.97 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III* 124.00 78.00 99.0 127.0 109.0 17.60 IV* 127.00 64.00 89.0 126.0 120.0 18.20 Annual Jul Proj. 119.2 69.4 93.4 119.2 110.5 18.30 Aug Proj. 121.2 69.7 94.1 120.2 112.8 17.95 2022 I* 131.00 60.00 91.0 118.0 119.0 17.90 II* 126.00 61.00 101.0 117.0 101.0 17.65 Annual Jul Proj. 122 56 93 118 114 18.50 Aug Proj. 126 56 93 118 114 17.85 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. August 2021 WASDE - 615 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Jul 716 27,975 3,021 31,712 3,422 650 27,640 58.4 Aug 716 27,942 3,117 31,774 3,384 640 27,750 58.6 2022 Proj. Jul 650 27,395 2,990 31,035 3,320 650 27,065 56.9 Aug 640 27,035 3,150 30,825 3,270 640 26,915 56.7 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Jul 467 28,166 982 29,615 7,552 460 21,603 50.6 Aug 467 27,839 992 29,299 7,409 460 21,430 50.2 2022 Proj. Jul 460 28,135 990 29,585 7,550 505 21,530 50.2 Aug 460 28,160 990 29,610 7,300 505 21,805 50.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Jul 1,217 56,351 4,269 61,837 10,978 1,143 49,715 110.2 Aug 1,217 55,986 4,410 61,614 10,797 1,132 49,685 110.1 2022 Proj. Jul 1,143 55,744 4,252 61,139 10,876 1,192 49,071 108.3 Aug 1,132 55,404 4,433 60,969 10,576 1,181 49,212 108.9 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Jul 830 44,215 140 45,184 7,449 775 36,960 95.8 Aug 830 44,255 143 45,228 7,506 775 36,947 95.8 2022 Proj. Jul 775 44,815 136 45,726 7,450 795 37,481 96.7 Aug 775 44,815 136 45,726 7,450 795 37,481 96.8 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Jul 223 5,655 20 5,898 580 220 5,098 15.4 Aug 223 5,659 22 5,904 573 200 5,131 15.5 2022 Proj. Jul 220 5,700 21 5,941 580 225 5,136 15.4 Aug 200 5,700 21 5,921 580 225 5,116 15.4 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Jul 1,057 50,401 163 51,621 8,084 1,000 42,537 112.6 Aug 1,057 50,450 168 51,675 8,133 980 42,562 112.7 2022 Proj. Jul 1,000 51,060 160 52,220 8,086 1,025 43,109 113.6 Aug 980 51,060 160 52,200 8,086 1,025 43,089 113.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Jul 2,274 106,752 4,431 113,457 19,062 2,143 92,253 222.8 Aug 2,274 106,436 4,578 113,288 18,930 2,112 92,246 222.8 2022 Proj. Jul 2,143 106,803 4,412 113,358 18,962 2,217 92,179 222.0 Aug 2,112 106,463 4,593 113,168 18,662 2,206 92,300 222.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready- to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2021 WASDE - 615 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 22.0 21.0 Production 9,441.8 9,283.4 9,346.0 9,338.6 9,470.0 9,470.0 Imports 14.6 15.5 16.9 17.7 16.0 16.0 Total Supply 9,479.1 9,330.5 9,387.4 9,380.8 9,508.0 9,507.0 Use Exports 333.8 344.0 380.8 390.0 365.0 365.0 Hatching Use 1,081.2 1,078.5 1,103.6 1,116.8 1,140.0 1,140.0 Ending Stocks 31.6 24.5 22.0 21.0 24.0 24.0 Disappearance Total 8,032.5 7,883.5 7,881.0 7,853.0 7,979.0 7,978.0 Per Capita (number) 293.4 286.5 285.3 284.3 287.6 287.9 Tota l U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 218.4 223.2 228.2 228.1 231.6 231.2 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 15.2 16.0 Marketings 217.4 222.1 227.2 227.1 230.5 230.2 Imports 6.9 6.8 6.2 6.6 6.2 6.6 Total Cml. Supply 238.1 242.5 249.0 249.3 252.0 252.7 Fat Basis Use Commercial Exports 9.1 9.3 11.1 11.0 10.3 10.6 Ending Commercial Stocks 13.6 15.6 15.2 16.0 15.2 15.5 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 222.8 222.2 226.4 226.6 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.1 11.2 Marketings 217.4 222.1 227.2 227.1 230.5 230.2 Imports 5.8 5.6 5.6 5.8 5.5 5.5 Total Cml. Supply 233.9 237.9 243.6 243.7 247.1 246.9 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.3 51.5 51.3 51.3 Ending Commercial Stocks 10.2 10.9 11.1 11.2 11.1 11.4 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 181.2 181.1 184.7 184.2 Tota l CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. August 2021 WASDE - 615 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.655 1.635 1.680 1.630 Butter 2.2431 1.5808 1.690 1.645 1.750 1.660 Nonfat Dry Milk 1.0419 1.0417 1.210 1.205 1.220 1.210 Dry Whey 0.3799 0.3621 0.570 0.555 0.510 0.500 Filler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 16.80 16.55 16.75 16.15 Class IV 16.30 13.49 15.40 15.15 15.75 15.30 All Milk 3/ 18.65 18.24 18.30 17.95 18.50 17.85 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . August 2021 WASDE - 615 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.8 percent. The average difference between th e August projection and the final estimate is 10.6 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estimate 27 times and above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.2 3.8 10.6 0.2 32.1 27 13 U.S. 2.3 3.9 1.1 0.0 4.2 16 24 Foreign 2.5 4.3 10.4 0.6 31.1 27 13 Exports World 5.8 9.8 6.4 0.4 19.1 30 10 U.S. 10.8 18.4 2.6 0.0 10.0 18 21 Foreign 7.2 12.2 6.2 0.3 20.5 29 11 Domestic Use World 1.9 3.2 8.6 0.2 34.8 21 19 U.S. 7.4 12.6 2.0 0.0 5.5 13 27 Foreign 1.9 3.2 8.3 0.2 34.6 24 16 Ending Stocks World 9.1 15.5 11.6 0.3 31.2 30 10 U.S. 15.1 25.6 2.9 0.5 12.6 25 15 Foreign 9.8 16.6 10.0 0.2 28.7 30 10 COARSE GRAINS 2/ Production World 2.4 4.1 18.8 0.4 53.7 30 10 U.S. 6.1 10.3 10.0 0.0 31.4 24 16 Foreign 2.5 4.2 14.9 0.7 58.4 27 13 Exports World 7.1 12.0 6.9 0.1 23.8 28 12 U.S. 20.8 35.4 7.7 0.4 19.7 17 23 Foreign 14.0 23.8 7.8 1.4 19.9 26 14 Domestic Use World 1.6 2.8 12.9 0.2 36.8 22 18 U.S. 4.1 7.0 7.0 0.2 17.0 22 18 Foreign 1.8 3.1 11.5 1.1 39.2 26 14 Ending Stocks World 16.2 27.5 21.6 0.1 171.8 31 9 U.S. 36.0 61.1 10.7 0.3 43.5 20 20 Foreign 16.8 28.5 15.3 0.2 154.8 32 8 RICE, milled Production World 2.3 3.9 6.4 0.1 24.4 26 14 U.S. 5.6 9.4 0.3 0.0 0.7 21 19 Foreign 2.3 3.9 6.4 0.4 24.7 27 13 Exports World 9.2 15.6 1.8 0.0 6.9 28 12 U.S. 11.4 19.3 0.2 0.0 1.0 19 19 Foreign 10.2 17.3 1.8 0.1 6.8 27 13 Domestic Use World 1.8 3.1 4.4 0.1 23.5 30 10 U.S. 8.3 14.1 0.2 0.0 0.5 19 21 Foreign 1.9 3.2 4.4 0.0 24.0 29 11 Ending Stocks World 12.2 20.8 6.4 0.1 27.3 31 9 U.S. 29.8 50.6 0.2 0.0 1.0 24 15 Foreign 13.2 22.4 6.4 0.1 27.1 31 9 1/ Footnotes at end of table. CONTINUED August 2021 WASDE - 615 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.6 7.8 7.3 0.3 26.7 22 18 U.S. 6.1 10.3 3.4 0.0 11.1 21 18 Foreign 7.4 12.6 6.5 1.1 26.4 20 20 Exports World 7.0 11.8 3.3 0.0 11.6 26 13 U.S. 12.3 20.9 3.0 0.0 9.8 23 16 Foreign 19.1 32.3 3.0 0.0 13.6 20 20 Domestic Use World 3.4 5.8 4.8 0.0 15.9 25 15 U.S. 5.0 8.4 1.8 0.0 4.6 25 15 Foreign 4.0 6.7 4.4 0.6 11.3 24 16 Ending Stocks World 16.5 27.9 4.7 0.1 23.5 20 20 U.S. 71.3 121.0 2.9 0.3 12.9 13 27 Foreign 18.6 31.6 4.6 0.2 21.3 24 16 COTTON Million 480 -Pound Bales Production World 5.0 8.4 3.5 0.0 13.2 21 18 U.S. 8.5 14.5 1.1 0.0 3.9 19 20 Foreign 5.3 9.0 3.0 0.0 10.9 21 18 Exports World 9.8 16.6 2.5 0.1 10.2 19 21 U.S. 21.3 36.1 1.2 0.0 3.2 21 19 Foreign 12.5 21.2 1.9 0.1 8.5 21 19 Domestic Use World 5.1 8.7 3.6 0.3 20.7 16 24 U.S. 10.0 17.0 0.4 0.0 1.3 18 19 Foreign 5.2 8.8 3.5 0.3 20.1 17 23 Ending Stocks World 15.0 25.5 5.9 0.2 18.5 27 13 U.S. 45.1 76.5 1.5 0.0 5.1 14 25 Foreign 15.1 25.6 5.3 0.1 18.6 29 11 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2021 WASDE - 615 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.5 11.1 375 1 1,096 23 17 Exports 21.8 36.9 276 12 750 17 23 Domestic Use 4.5 7.7 281 10 590 24 16 Ending Stocks 41.1 69.8 398 12 1,674 19 21 SORGHUM Production 7.8 13.3 31 1 108 21 19 Exports 33.9 57.5 44 1 160 20 20 Domestic Use 27.7 47.1 44 0 130 18 20 Ending Stocks 57.0 96.7 36 2 201 15 25 BARLEY Production 6.1 10.3 15 1 67 14 26 Exports 65.6 111.3 13 0 82 18 18 Domestic Use 9.9 16.8 23 0 82 13 26 Ending Stocks 19.1 32.4 21 0 94 18 21 OATS Production 9.9 16.8 13 0 57 7 32 Exports 94.6 160.5 1 0 8 10 12 Domestic Use 7.1 12.0 14 1 39 11 29 Ending Stocks 23.3 39.5 14 0 40 17 22 SOYBEAN MEAL Thousand Short Tons Production 4.9 8.4 1,321 32 3,669 28 12 Exports 15.6 26.4 937 50 3,500 25 15 Domestic Use 4.0 6.8 814 24 3,800 24 16 Ending Stocks 42.1 71.5 51 0 428 13 15 SOYBEAN OIL Million Pounds Production 4.9 8.3 643 11 2,290 27 13 Exports 33.5 56.8 420 0 1,575 18 19 Domestic Use 4.3 7.3 511 8 2,200 26 14 Ending Stocks 32.5 55.1 465 0 1,472 21 18 ANIMAL PROD. Million Pounds Beef 4.0 6.8 795 110 2,536 26 13 Pork 3.0 5.0 397 10 1,375 23 16 Broilers 2.2 3.7 570 49 1,338 21 18 Turkeys 3.8 6.4 147 2 458 21 18 Million Dozen Eggs 1.9 3.2 110 4 394 25 14 Billion Pounds Milk 1.7 2.8 2.2 0.1 7.0 22 17 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21. Calendar years 1994 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1994 -2020. WASDE- 615-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. I PAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirvat. [email protected] World Agricultural Supply and Demand Estimates WASDE -615 – August 12, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202 - 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250 -9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 536 Approved by the World Agricultural Outlook Board December 10, 2014 WHEAT: Projected U.S. wheat supplies for 2014/15 are raised 10 million bushels this month with higher projected imports. Increased production and higher imports from Canada are expected to add to U.S. wheat supplies. The ent ire import increase is for Durum. Domestic use projections and wheat exports are unchanged. However, a 15-million-bushel reduction for Hard Red Winter exports is offset by 5-milli on-bushel increases for Hard Red Spring, White, and Durum. Ending stocks for all wheat are pr ojected 10 million bushels higher with the supply increase. The projected season-average farm pric e range is raised 10 cents per bushel at the midpoint to $5.80 to $6.20 per bushel on prices reported to date and recently higher cash and futures prices. Global wheat supplies for 2014/15 are raised 1. 9 million tons with increased production offsetting lower beginning stocks. World wheat production remains record high and is raised 2.3 million tons led by a 1.8-m illion-ton increase for Canada. Kazakhstan is raised 0.5 million tons. Both production increases are from updated gov ernment statistics. Partly offsetting is a 0.4-million-ton reduction for global beginning st ocks with Indonesia consumption raised for 2012/13 and 2013/14. Global wheat trade for 2014/15 is raised with exports up 3.1 million tons on larger supplies and stronger demand in several importing countries. Exports are raised 1.0 million tons for EU, and 0.5 million tons each for Canada, Iran, and Ka zakhstan. The EU increase stems from competitive prices and a fast sales pace to date. The Canada and Kazakhstan increases reflect larger crops. Iran exports are raised on la rger flour exports to nearby countries. Russia exports are lowered 0.5 million tons on increased competition, particularly from EU. Iran imports are raised 1.0 million tons on a fast pac e of shipments from EU. Egypt imports are raised 0.5 million tons on increasing purchases from the private sector. Smaller increases are made for Bangladesh, Jordan, Colomb ia, Ethiopia, and Uzbekistan. Global wheat consumption for 2014/15 is down s lightly. The biggest change is a 1.5-million- ton decrease in EU wheat feeding on larger coar se grain supplies and higher wheat exports. Canada wheat feeding is raised 0.5 million tons on the larger crop. Global ending stocks are projected 2.0 million tons higher mostly on increases for Canada, EU, and Russia. COARSE GRAINS: U.S. feed grain supply and use proj ections for 2014/15 are mostly unchanged as a small increase in projected corn food, seed, and industrial (FSI) use reduces ending stocks slightly. Expected corn use for sweeteners is raised 10 million bushels dropping projected corn ending stocks just below 2.0 billi on bushels. Supply and use projections for the other feed grains are unchanged. The project ed range for the season-average corn farm price is unchanged at $3.20 to $3.80 per bushel. The so rghum farm price range is raised 5 cents on each end to $3.20 to $3.80 per bushel, equal to co rn, as strong demand from China supports sorghum prices. WASDE-536-2 Global coarse grain supplies for 2014/15 are proj ected 1.1 million tons higher. Higher corn production for China and EU, higher rye producti on for Russia, and higher oats production for Canada, more than offset lower expected corn and barley output for Argentina. Upward production revisions largely reflect the latest o fficial government estimates and harvest results. Corn production for Argentina is lowered 1.0 m illion tons reflecting lower expected plantings, but the reduction in area is partly offset by higher expected yields with abundant early season soil moisture in key growing areas. Global coarse grain consumption for 2014/15 is raised 2.5 million tons mostly on higher expected barley and mixed grain feeding for EU and higher sorghum feeding for China. Corn feeding is also raised for EU driving the increase in projected foreign corn consumption. EU livestock and poultry feeders are expected to shift ra tions toward coarse grains as abundant supplies and stronger wheat exports make coar se grain feeding more competitive. Global coarse grain trade for 2014/15 is mostly unchanged. China corn imports are lowered, but China sorghum imports are raised. Mostly offsetting the increase for China sorghum is a reduction for Japan sorghum imports. Barley im ports are raised for Saudi Arabia. Barley exports are lowered for Argentina, but partly offs et by an increase for EU. World corn exports are lowered slightly with a reduc tion for Argentina only partly offset by an increase for Vietnam. Global ending stocks are projected 0.7 million tons higher mostly reflecting the larger China corn crop. Small reductions in U.S. and EU corn stocks partly offset the increase for China. RICE: U.S. 2014/15 rice supplies at 273.9 million cwt are unchanged from a month ago. All rice domestic and residual use for 2014/15 is unchanged at 131.0 million cwt. U.S. long-grain exports are increased 1.0 million cwt to 69.0 million, bringing all rice exports to 103.0 million. Combined medium- and short-grain exports ar e unchanged at 34.0 million cwt. The increase in exports is due mostly to an expected increas e to markets in the Middle East and South America. The all rice milled export forecast is raised 1.0 million cwt to 68.0 million, and rough rice exports are unchanged at 35.0 million. All ri ce ending stocks are lowered 1.0 million cwt to 39.9 million with long-grain stocks reduced to 27.0 million, and combined medium- and short- grain stocks unchanged at 10.6 million. The 2014/15 long-grain rice season-average farm pric e range is projected at $12.00 to $13.00 per cwt, down 20 cents per cwt on each end from last month. The combined medium- and short-grain farm price range is projected at $18.50 to $19.50 per cwt, down 50 cents per cwt on each end. The all rice season-average farm pr ice is forecast at $14.00 to $15.00 per cwt, down 20 cents per cwt on each end. The drop in the price outlook is due mostly to an unexpected substantial drop in October prices r eported by the National Agricultural Statistics Service in Agricultural Prices published on November 26 and price expectations for the remainder of the marketing year. Global 2014/15 rice supply and use are changed little from a month ago. Global rice production is projected at 475.2 million tons, up 0.2 million from last month due primarily to increased forecasts for China and South Korea, parti ally offset by a reduction for Indonesia. China’s rice production is forecast at a record 144.5 million tons, up 0.5 million tons from last month, and up more than 1 percent from last year. The revision is based on production estimates recently released by China’s National Bureau of Statistics. Indonesia’s 2014/15 rice crop is forecast at 36.5 million tons, down 0.5 m illion from last month, but up slightly from WASDE-536-3 2013/14. The Philippine 2014/15 rice crop is fore cast at 12.2 million tons, unchanged from last month, but up nearly 3 percent from last year. Typhoon Hagupit struck the Philippines on December 6 and tracked through some rice gr owing areas, but missed the larger producing regions. Initial reports from t he government of the Philippines indi cated that the storm had little impact on the overall rice crop. However, USDA will continue to assess the damage and offer a more complete supply and use analysis in nex t month’s supply and demand report. Global rice consumption for 2014/15 is forecast at a re cord 482.9 million tons, down slightly from last month. Global trade is raised 0.4 million tons based largely on increased imports by Indonesia; with exports raised for Burma, China, Thailand, and the United States. World 2014/15 ending stocks are raised 0.6 million tons , largely due to increases for China and Vietnam, partially offset by reductions for Bu rma, Indonesia, Thailand, and the United States. Stocks are also raised for Sri Lanka and South Korea. OILSEEDS: Total U.S. oilseed production for 2014/15 is projected at 117.0 million tons, down slightly due to a small reduction in cottons eed. Soybean exports are increased 40 million bushels to 1,760 million reflecting the record ex port pace in recent weeks and prospects for additional sales and shipments ahead of the South American harvest. With crush unchanged, soybean ending stocks for 2014/15 are projected at 410 million bushels, down 40 million from last month but still t he highest since 2006/07. The U.S. season-average soybean price range for 2014/15 is projected at $9.00 to $11.00 per bushel, unchanged from last month. The soybean m eal price is projected at $340 to $380 per short ton, up 10 dollars on both ends of the range. The soybean oil price range is projected at 32 to 36 cents per pound, down 2 cents on bot h ends reflecting lower-than-expected early season vegetable oil prices and lower petroleum prices. Global oilseed production for 2014/15 is projected at a record 530.7 million tons, up 1.8 million tons from last month. Foreign oilseed production accounts for most of the change on increases for soybeans, rapeseed, and sunflowerseed. Global soybean production is projected at a record 312.8 million tons wit h gains this month for Canada, Ukraine, and Paraguay. Global rapeseed production is projected at a record 71.9 million tons, up 1.2 million mainly on increased production for Canada, which is estimated at 15.6 million tons based on the latest survey results from Statisti cs Canada. Other changes include increased sunflowerseed production for EU and reduced peanut production for Argentina. Palm oil production is reduced for Indonesia for both 2013/14 and 2014/15 on revised yields. Global oilseed trade for 2014/15 is projected at 135.3 million tons, up 0. 8 million from last month. Soybean exports account for most of the change with higher projections for the United States, Paraguay, Ukraine, and Canada only partly offset by reductions for Argentina and Brazil. Global oilseed ending stocks are projected at 104.1 million tons, up 1.1 million from last month and 23.5 million above year-earlier leve ls. Increased rapeseed stocks in Canada and higher soybean stocks in Brazil and Argentina are only partly offset with lower soybean stocks in the United States. SUGAR: U.S. 2014/15 total sugar supply is increas ed 189,844 short tons, raw value (STRV) from last month to 13.919 million. Based on s ugarcane processors’ forecasts, Florida sugar production is increased by 144,869 STRV due to increased sugarcane yield and area, and Texas cane sugar production is increased by 2,865 STRV due to increased yield. Imports are increased by 42,110 STRV due to an expected incr ease from Mexico. With no other changes, WASDE-536-4 ending stocks increase by the supply increase and are now projected at 1.675 million STRV, implying an ending stocks-to-use ratio of 13.7 percent. Elements of the U.S. 2013/14 sugar supply and use balance were adjusted to reflect revisions from Sweetener Market Data and the Foreign Agricultural Service. Mexico 2014/15 beginning stocks and production ar e unchanged but imports are reduced by 24,135 metric tons (MT) to reflect expected impor ts from the United States. Total imports consist of 181,865 MT from the United States -- all but 10,000 MT for Mexico’s sugar- containing products (IMMEX) program -- and 10, 000 MT from non-U.S. sources for IMMEX. Total deliveries are reduced by 60,174 MT to refl ect an expected decrease from last month in IMMEX activity. Deliveries to IMMEX are now projected at 323,826 MT and match IMMEX activity for 2013/14. Deliveries for consum ption are unchanged and ending stocks are equal to 22.0 percent of those deliveries, or 924,000 MT, t he same as last month. Exports for 2014/15 are calculated residually at 1.715 million MT. The 36,039 MT increase in exports is forecast to go to the U.S. market for a total of 1.390 million MT. Elements of the Mexico 2013/14 sugar supply and use balance were adjusted to reflect tr ade revisions from Mexico’s Secretariat of Economy ( Economia ) and IMMEX activity from Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (Conadesuca). LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2014 is lowered from last month, as lower beef produc tion in the fourth quarter more than offsets increased pork production. Beef production is reduced as slaughter is expected lower. However, carcass weights remain heavy which par tly offsets the decline. Hog slaughter for the fourth quarter is increased from last month as slaughter to date has been strong. A small revision is made to third-quarter broiler slaughter but the forecasts for fourth quarter broiler and turkey production are unchanged. For 2015, total m eat production is slightly higher on small increase in beef production; other production fo recasts are unchanged. USDA will release its Quarterly Hogs and Pigs report on December 23, providing an indication of producers’ sow farrowing intentions into 2015. The forecast for 2014 beef imports is raised on t he pace of imports to date, but the export forecast is unchanged from last month. No c hange is made to 2015 forecasts. Pork imports are raised for 2014 and exports are reduced as relatively high prices are expected to encourage imports and limit sales opportunities. For 2015, the import forecast is raised but exports are unchanged. No change is made to the broiler or turkey export forecasts. The cattle price forecasts for 2014 and 2015 are ra ised from last month on continued demand strength and tight supplies of fed cattle. The hog price forecast for 2014 is lowered on current prices, but the 2015 price is unchanged. The br oiler and turkey price forecasts for 2014 are raised. The turkey price forecast is increased for 2015 but broilers are unchanged. The egg price forecasts for 2014 and 2015 are raised on expectations of strong demand through the end of 2014 and into early 2015. The milk production forecast for 2014 is unchanged from last month, but is lowered for 2015 as growth in milk per cow is expected to be more moderate. Fat basis imports are reduced for 2014 as milkfat imports have been lower than ex pected. Export forecasts on a skim-solids basis are raised for 2014 on stronger whey product sales to date. Fat and skim-solids basis trade forecasts for 2015 are unchanged. WASDE-536-5 The butter price is raised for 2014, reflecting curr ent price movements, but the price forecast for 2015 is unchanged at the midpoint of the range. Cheese and nonfat dry milk (NDM) prices are reduced for both 2014 and 2015 as supplies are ex pected to remain large. Whey prices are unchanged from last month. Class III pr ices for 2014 and 2015 are lowered on weaker cheese prices. The Class IV price is unchanged for 2014 as a higher butter price is offset by a lower NDM price. For 2015 a lower NDM price results in a reduced Class IV price forecast. The all milk price is lowered to $24.05 to $24. 15 per cwt for 2014 and $18.45 to $19.25 per cwt for 2015. COTTON: The U.S. cotton supply and demand estimates for 2014/15 include lower production and ending stocks compared to last month. Pr oduction is reduced 474,000 bales, due mainly to a lower crop estimate for Texas. Domest ic mill use and exports are unchanged. Ending stocks are now forecast at 4.6 million bales , or one-third of total disappearance. The marketing-year average price received by producer s is projected at 59 to 64 cents per pound, an increase of 3 cents on the lower end of the range, based on str onger-than-expected early season prices. Global cotton ending stocks for 2014/15 are raised agai n this month, as a lower consumption forecast is partially offset by lower production. Production is reduced for the United States and Greece, with smaller revisions in several other countries. Global consumption is reduced nearly 1.3 million bales, reflecting lower foreca sts for China, India, Brazil, Pakistan, and Turkey. While the projected world consumption growth rate of 3.3 percent remains above the historical average, current indica tions are that mills’ response to this season’s sharply lower cotton prices is lagging previous expectations. World ending stocks are projected at just over 108 million bales. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, Seth Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JOSEPH W. GLAUBER SECRETARY OF AGRICULTURE DESIGNATE WASDE-536-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-536-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 December 2014 WASDE - 536 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.08 2737.63 299.49 2284.25 453.39 2013/14 (Est.) 2472.03 2925.42 371.42 2423.82 501.59 filler filler filler filler filler 2014/15 (Proj.) Nov 2468.68 2970.88 344.06 2450.78 520.10 2014/15 (Proj.) Dec 2472.73 2974.33 346.69 2453.15 521.17 filler filler filler filler filler Wheat 2012/13 657.94 854.10 137.36 679.65 174.46 2013/14 (Est.) 714.77 889.22 165.80 703.93 185.30 filler filler filler filler filler 2014/15 (Proj.) Nov 719.86 905.58 154.92 712.69 192.90 2014/15 (Proj.) Dec 722.18 907.48 158.04 712.58 194.90 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.26 1304.82 122.88 1135.97 168.85 2013/14 (Est.) 1280.41 1449.26 163.61 1239.74 209.52 filler filler filler filler filler 2014/15 (Proj.) Nov 1273.77 1483.79 147.61 1255.14 228.65 2014/15 (Proj.) Dec 1275.32 1484.84 146.74 1257.68 227.16 filler filler filler filler filler Rice, milled 2012/13 471.88 578.71 39.25 468.63 110.08 2013/14 (Est.) 476.85 586.93 42.00 480.16 106.77 filler filler filler filler filler 2014/15 (Proj.) Nov 475.05 581.51 41.53 482.95 98.56 2014/15 (Proj.) Dec 475.24 582.01 41.91 482.89 99.12 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 433.67 486.45 89.42 345.55 51.48 filler filler filler filler filler 2014/15 (Proj.) Nov 443.57 503.69 78.98 351.94 72.76 2014/15 (Proj.) Dec 443.57 503.96 79.02 352.20 72.75 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.17 16.05 filler filler filler filler filler 2014/15 (Proj.) Nov 55.13 75.80 25.17 33.09 17.53 2014/15 (Proj.) Dec 55.13 76.07 25.17 33.09 17.81 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 369.45 396.21 54.42 307.38 34.41 filler filler filler filler filler 2014/15 (Proj.) Nov 381.37 419.13 50.55 314.66 53.92 2014/15 (Proj.) Dec 381.37 419.13 50.55 314.91 53.67 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Nov 7.07 8.76 3.26 4.19 1.31 2014/15 (Proj.) Dec 7.07 8.76 3.29 4.19 1.28 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, ba rley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2014 WASDE - 536 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.12 2,324.69 247.86 1,967.16 409.16 2013/14 (Est.) 2,038.36 2,438.97 282.00 2,078.27 450.12 filler filler filler filler filler 2014/15 (Proj.) Nov 2,025.11 2,467.19 265.08 2,098.83 447.34 2014/15 (Proj.) Dec 2,029.16 2,470.37 267.68 2,100.96 448.43 filler filler filler filler filler Wheat 2012/13 596.64 769.25 109.82 641.88 154.92 2013/14 (Est.) 656.66 806.99 133.79 669.75 169.25 filler filler filler filler filler 2014/15 (Proj.) Nov 664.73 829.78 129.75 679.59 175.37 2014/15 (Proj.) Dec 667.05 831.40 132.87 679.49 177.09 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.94 985.04 102.18 860.43 145.32 2013/14 (Est.) 910.96 1,053.05 109.19 932.35 175.12 filler filler filler filler filler 2014/15 (Proj.) Nov 892.40 1,064.67 97.07 940.49 174.73 2014/15 (Proj.) Dec 893.95 1,065.71 96.19 942.77 173.49 filler filler filler filler filler Rice, milled 2012/13 465.53 570.39 35.87 464.85 108.92 2013/14 (Est.) 470.74 578.93 39.02 476.17 105.75 filler filler filler filler filler 2014/15 (Proj.) Nov 467.98 572.74 38.27 478.76 97.25 2014/15 (Proj.) Dec 468.17 573.25 38.62 478.70 97.84 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.56 197.26 46.68 107.70 90.00 2013/14 (Est.) 120.29 210.30 40.77 108.97 101.64 2014/15 (Proj.) Nov 119.61 221.08 34.35 113.85 107.36 2014/15 (Proj.) Dec 118.98 220.62 34.29 112.60 108.08 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Nov 16.40 18.86 10.00 3.80 5.10 2014/15 (Proj.) Dec 15.92 18.38 10.00 3.80 4.60 Foreign 4/ 2012/13 106.25 176.58 33.66 104.20 86.20 2013/14 (Est.) 107.38 193.57 30.24 105.42 99.19 2014/15 (Proj.) Nov 103.21 202.23 24.35 110.05 102.26 2014/15 (Proj.) Dec 103.06 202.23 24.29 108.80 103.48 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2014 WASDE - 536 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 474.90 540.27 118.15 396.85 66.79 2013/14 (Est.) 505.59 572.38 133.78 415.89 80.59 2014/15 (Proj.) Nov 528.90 609.74 134.58 429.72 102.95 2014/15 (Proj.) Dec 530.72 611.31 135.34 429.68 104.06 Oilmeals 2012/13 268.54 280.95 78.09 264.57 10.98 2013/14 (Est.) 280.22 291.21 81.77 275.12 12.44 2014/15 (Proj.) Nov 291.73 303.95 85.99 286.63 12.61 2014/15 (Proj.) Dec 291.52 303.96 85.57 286.50 12.96 Vegetable Oils 2012/13 160.59 177.93 68.50 156.99 17.04 2013/14 (Est.) 169.56 186.60 68.78 165.35 17.35 2014/15 (Proj.) Nov 176.95 194.84 70.77 172.99 18.22 2014/15 (Proj.) Dec 176.44 193.79 71.08 172.95 17.76 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Nov 117.18 122.62 47.85 53.24 13.80 2014/15 (Proj.) Dec 117.04 122.48 48.94 53.24 12.71 Oilmeals 2012/13 38.69 42.42 10.49 31.62 0.31 2013/14 (Est.) 39.40 43.46 10.75 32.42 0.29 2014/15 (Proj.) Nov 41.58 45.47 11.90 33.23 0.34 2014/15 (Proj.) Dec 41.58 45.47 11.90 33.23 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Nov 10.77 15.86 1.32 13.55 1.00 2014/15 (Proj.) Dec 10.82 15.92 1.32 13.55 1.05 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 381.57 439.56 81.28 346.62 61.02 2013/14 (Est.) 406.57 464.42 87.99 364.42 76.64 2014/15 (Proj.) Nov 411.72 487.12 86.73 376.48 89.15 2014/15 (Proj.) Dec 413.68 488.83 86.41 376.44 91.35 Oilmeals 2012/13 229.86 238.53 67.60 232.96 10.67 2013/14 (Est.) 240.82 247.75 71.02 242.71 12.15 2014/15 (Proj.) Nov 250.14 258.48 74.09 253.40 12.27 2014/15 (Proj.) Dec 249.93 258.49 73.67 253.27 12.63 Vegetable Oils 2012/13 150.36 162.36 67.11 143.97 15.88 2013/14 (Est.) 159.12 170.99 67.67 151.83 16.37 2014/15 (Proj.) Nov 166.18 178.97 69.45 159.45 17.22 2014/15 (Proj.) Dec 165.62 177.87 69.76 159.41 16.71 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2014 WASDE - 536 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.4 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.7 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,026 2,026 Imports 123 169 170 180 Supply, Total 3,118 3,021 2,785 2,795 Food 945 951 960 960 Seed 73 77 76 76 Feed and Residual 370 228 180 180 Domestic, Total 1,388 1,256 1,216 1,216 Exports 1,012 1,176 925 925 Use, Total 2,400 2,432 2,141 2,141 Ending Stocks 718 590 644 654 CCC Inventory 0000 Free Stocks 718 590 644 654 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.65 - 6.15 5.80 - 6.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 427 318 318 120 73 1,256 Exports 446 246 283 171 31 1,176 Use, Total 873 564 600 291 103 2,432 Ending Stocks, Total 236 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 236 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 805 583 283 140 2,795 Domestic Use 453 308 266 101 88 1,216 Exports 305 285 155 150 30 925 Use, Total 758 593 421 251 118 2,141 Ending Stocks, Total Dec 227 212 162 32 22 654 Ending Stocks, Total Nov 212 217 162 37 17 644 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. December 2014 WASDE - 536 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Million Acres Area Planted 109.9 109.9 103.8 103.8 Area Harvested 96.6 98.2 92.7 92.7 Metric Tons Yield per Harvested Acre 2.95 3.76 4.11 4.11 Million Metric Tons Beginning Stocks 27.8 23.5 34.4 34.4 Production 285.1 369.3 381.2 381.2 Imports 6.4 3.0 3.1 3.1 Supply, Total 319.4 395.8 418.7 418.7 Feed and Residual 114.9 135.7 141.8 141.8 Food Seed & Industrial 160.3 171.3 172.5 172.8 Domestic, Total 275.2 307.0 314.3 314.5 Exports 20.7 54.4 50.5 50.5 Use, Total 295.8 361.4 364.8 365.1 Ending Stocks 23.5 34.4 53.9 53.7 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.4 53.9 53.7 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Million Acres Area Planted 97.3 95.4 90.9 90.9 Area Harvested 87.4 87.7 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.8 173.4 173.4 Million Bushels Beginning Stocks 989 821 1,236 1,236 Production 10,755 13,925 14,407 14,407 Imports 160 36 25 25 Supply, Total 11,904 14,782 15,668 15,668 Feed and Residual 4,315 5,132 5,375 5,375 Food, Seed & Industrial 2/ 6,038 6,497 6,535 6,545 Ethanol & by-products 3/ 4,641 5,134 5,150 5,150 Domestic, Total 10,353 11,629 11,910 11,920 Exports 730 1,917 1,750 1,750 Use, Total 11,083 13,546 13,660 13,670 Ending Stocks 821 1,236 2,008 1,998 CCC Inventory 0000 Free Stocks 821 1,236 2,008 1,998 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.20 - 3.80 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. December 2014 WASDE - 536 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.2 7.2 Area Harvested (mil. acres) 5.0 6.5 6.2 6.2 Yield (bushels/acre) 49.6 59.6 66.1 66.1 Beginning Stocks 23 15 34 34 Production 248 389 408 408 Imports 1 0000 Supply, Total 280 404 442 442 Feed and Residual 94 88 95 95 Food, Seed & Industrial 95 70 80 80 Total Domestic 189 158 175 175 Exports 76 212 230 230 Use, Total 265 370 405 405 Ending Stocks 15 34 37 37 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.15 - 3.75 3.20 - 3.80 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Dec ember Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.4 2.4 Yield (bushels/acre) 66.9 71.3 72.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 177 177 Imports 23 19 35 35 Supply, Total 302 316 294 294 Feed and Residual 58 65 60 60 Food, Seed & Industrial 155 155 154 154 Total Domestic 213 220 214 214 Exports 91 41 01 0 Use, Total 222 234 224 224 Ending Stocks 80 82 70 70 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.85 - 5.45 4.85 - 5.45 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.7 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 100 Supply, Total 209 198 194 194 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 30 30 Avg. Farm Price ($/bu) 2/ 3.89 3.75 3.00 - 3.50 3.05 - 3.45 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. December 2014 WASDE - 536 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Million Acres Area Planted 2.70 2.49 2.93 2.93 Area Harvested 2.68 2.47 2.91 2.91 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,597 7,597 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 189.9 221.1 221.1 Imports 21.1 23.1 21.0 21.0 Supply, Total 262.1 249.4 273.9 273.9 Domestic & Residual 3/ 119.0 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 102.0 103.0 Rough 34.1 28.6 35.0 35.0 Milled (rough equiv.) 72.5 64.1 67.0 68.0 Use, Total 225.7 217.6 233.0 234.0 Ending Stocks 36.4 31.8 40.9 39.9 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 14.20 - 15.20 14.00 - 15.00 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Harvested Acres (mil.) 1.98 1.77 Yield (pounds/acre) 7,291 7,464 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 160.3 160.3 Supply, Total 7/ 187.3 173.3 195.0 195.0 Domestic & Residual 3/ 89.6 95.3 99.0 99.0 Exports 8/ 75.8 61.8 68.0 69.0 Use, Total 165.4 157.1 167.0 168.0 Ending Stocks 21.9 16.2 28.0 27.0 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.20 - 13.20 12.00 - 13.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Harvested Acres (mil.) 0.70 0.70 Yield (pounds/acre) 7,951 8,272 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.0 60.8 60.8 Supply, Total 7/ 72.5 73.8 76.6 76.6 Domestic & Residual 3/ 29.4 29.6 32.0 32.0 Exports 8/ 30.8 30.9 34.0 34.0 Use, Total 60.3 60.4 66.0 66.0 Ending Stocks 12.2 13.3 10.6 10.6 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 18.50 19.00 - 20.00 18.50 - 19.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Include s rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated usin g Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/14 forecasted av erage milling yield. The 2014/15 milling yield is calculated using the previous five-year O lympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average pri ce received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all t he rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has av eraged $1.70 per cwt from 2008/ 09-2012/13, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. December 2014 WASDE - 536 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 84.2 84.2 Area Harvested 76.1 76.3 83.4 83.4 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.5 47.5 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,958 3,958 Imports 41 72 15 15 Supply, Total 3,252 3,570 4,065 4,065 Crushings 1,689 1,734 1,780 1,780 Exports 1,317 1,647 1,720 1,760 Seed 89 98 92 92 Residual 1 6 02 32 3 Use, Total 3,111 3,478 3,615 3,655 Ending Stocks 141 92 450 410 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.00 - 11.00 9.00 - 11.00 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,165 1,165 Production 4/ 19,820 20,130 20,560 20,680 Imports 196 165 160 160 Supply, Total 22,555 22,000 21,885 22,005 Domestic Disappearance 18,687 18,958 18,450 18,450 Biodiesel 3/ 4,689 4,800 4,800 4,800 Food, Feed & other Industrial 13,998 14,158 13,650 13,650 Exports 2,164 1,877 2,100 2,100 Use, Total 20,850 20,835 20,550 20,550 Ending stocks 1,705 1,165 1,335 1,455 Avg. Price (c/lb) 2/ 47.13 38.23 34.00 - 38.00 32.00 - 36.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Novembe r Decembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 250 250 Production 4/ 39,875 40,685 42,785 42,785 Imports 245 336 165 165 Supply, Total 40,420 41,296 43,200 43,200 Domestic Disappearance 28,969 29,496 30,100 30,100 Exports 11,176 11,550 12,800 12,800 Use, Total 40,145 41,046 42,900 42,900 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 330.00 - 370.00 340.00 - 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,800 million bushels for 2014/15. December 2014 WASDE - 536 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,796 1,796 Production 2/ 8,982 8,457 8,462 8,610 Beet Sugar 5,076 4,794 4,870 4,870 Cane Sugar 3,906 3,663 3,592 3,740 Florida 1,867 1,759 1,770 1,915 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,520 1,520 Texas 173 145 122 125 Imports 3,224 3,742 3,471 3,513 TRQ 3/ 957 1,302 1,479 1,479 Other Program 4/ 136 305 400 400 Other 5/ 2,131 2,135 1,592 1,634 Mexico 2,124 2,130 1,582 1,624 Total Supply 14,184 14,357 13,729 13,919 Exports 274 306 250 250 Deliveries 11,752 12,255 11,994 11,994 Food 6/ 11,487 11,828 11,859 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,561 12,244 12,244 Ending Stocks 8/ 2,158 1,796 1,485 1,675 Stocks to Use Ratio 17.9 14.3 12.1 13.7 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfa ll (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 201 4/15, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Nov 1,460 6,021 129 4,285 2,494 831 2013/14 Est. Dec 1,460 6,021 131 4,271 2,511 831 2014/15 Proj. Nov 831 6,140 216 4,584 1,679 924 2014/15 Proj. Dec 831 6,140 192 4,524 1,715 924 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct 2013 = 75, Oct 2014 = 82 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Ca na de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepanc ies. IMMEX: 2013/14 (324 est) , 2014/15 (324 proj). Statistical Adjustment: 2013/14 (-151), 2014/15 (0). December 2014 WASDE - 536 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Nov Dec Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.01 11.01 Harvested 9.32 7.54 9.88 9.88 Filler Pounds Yield per Harvested Acre 892 821 797 773 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 16.40 15.92 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.86 18.38 Domestic Use 3.50 3.55 3.80 3.80 Exports, Total 13.03 10.53 10.00 10.00 Use, Total 16.53 14.08 13.80 13.80 Unaccounted 2/ 0.35 0.19 -0.04 -0.02 Ending Stocks 3.80 2.45 5.10 4.60 Avg. Farm Price 3/ 72.5 77.9 56.0 - 64.0 59.0 - 64.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. December 2014 WASDE - 536 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.16 657.94 144.22 137.09 679.65 137.36 174.46 United States 20.21 61.30 3.34 10.07 37.77 27.54 19.54 Total Foreign 175.95 596.64 140.87 127.03 641.88 109.82 154.92 Major Exporters 4/ 27.23 193.21 5.91 59.06 141.79 63.85 20.71 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.85 5.28 51.00 119.25 22.68 10.72 Major Importers 6/ 87.64 187.29 79.47 35.39 265.08 6.47 82.84 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.81 0.77 3.84 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.46 714.77 156.59 130.25 703.93 165.80 185.30 United States 19.54 58.11 4.59 6.19 34.17 32.01 16.05 Total Foreign 154.92 656.66 152.00 124.06 669.75 133.79 169.25 Major Exporters 4/ 20.71 218.17 4.58 56.49 138.75 75.98 28.74 Argentina 0.29 10.50 0.01 0.10 6.05 2.20 2.54 Australia 4.65 27.01 0.15 3.60 6.95 18.62 6.24 Canada 5.05 37.53 0.45 4.79 10.00 23.24 9.80 European Union 5/ 10.72 143.13 3.98 48.00 115.75 31.93 10.16 Major Importers 6/ 82.84 194.06 87.32 32.40 265.85 5.28 93.09 Brazil 1.00 5.30 7.07 0.60 11.40 0.10 1.87 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.69 3.72 37.04 0.58 10.15 N. Africa 8/ 11.44 19.72 25.24 2.68 42.42 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 3.84 0.00 16.40 2.46 15.84 0.88 3.53 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya , Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 185.72 719.86 153.44 139.87 712.69 154.92 192.90 Dec 185.30 722.18 156.16 139.22 712.58 158.04 194.90 United States Nov 16.05 55.13 4.63 4.90 33.09 25.17 17.53 Dec 16.05 55.13 4.90 4.90 33.09 25.17 17.81 Total Foreign Nov 169.68 664.73 148.82 134.97 679.59 129.75 175.37 Dec 169.25 667.05 151.27 134.32 679.49 132.87 177.09 Major Exporters 4/ Nov 28.74 218.90 5.64 65.50 148.78 73.50 31.00 Dec 28.74 220.70 5.64 64.50 147.78 75.00 32.29 Argentina Nov 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Dec 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Australia Nov 6.25 24.00 0.15 3.40 6.80 17.50 6.10 Dec 6.24 24.00 0.15 3.40 6.80 17.50 6.09 Canada Nov 9.80 27.50 0.48 4.50 9.83 22.00 5.95 Dec 9.80 29.30 0.48 5.00 10.33 22.50 6.75 European Union 5/ Nov 10.16 155.40 5.00 57.50 126.00 28.00 16.56 Dec 10.16 155.40 5.00 56.00 124.50 29.00 17.06 Major Importers 6/ Nov 93.61 196.14 81.38 34.60 270.19 6.34 94.60 Dec 93.09 196.14 83.23 34.95 270.92 6.87 94.67 Brazil Nov 1.87 6.30 7.00 1.00 12.30 1.00 1.87 Dec 1.87 6.30 7.00 1.00 12.30 1.00 1.87 China Nov 60.27 126.00 1.70 23.00 124.00 1.00 62.97 Dec 60.27 126.00 1.70 23.00 124.00 1.00 62.97 Sel. Mideast 7/ Nov 10.18 17.53 21.13 4.02 37.64 0.53 10.67 Dec 10.15 17.53 22.48 4.17 38.06 1.03 11.07 N. Africa 8/ Nov 13.48 16.80 23.25 1.98 41.45 0.48 11.61 Dec 13.48 16.80 23.75 2.18 41.85 0.50 11.68 Pakistan Nov 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Dec 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Southeast Asia 9/ Nov 4.03 0.00 17.00 2.51 16.46 0.84 3.74 Dec 3.53 0.00 17.00 2.51 16.36 0.84 3.34 Selected Other India Nov 17.83 95.91 0.05 4.50 94.49 3.00 16.30 Dec 17.83 95.91 0.05 4.50 94.19 3.30 16.30 FSU-12 Nov 15.02 111.10 6.89 24.28 75.06 38.34 19.60 Dec 15.02 111.60 6.99 24.28 75.06 38.84 19.70 Russia Nov 5.21 59.00 0.20 13.00 35.00 22.50 6.91 Dec 5.21 59.00 0.20 13.00 35.00 22.00 7.41 Kazakhstan Nov 1.99 12.00 0.20 1.90 6.70 5.30 2.19 Dec 1.99 12.50 0.20 1.90 6.70 5.80 2.19 Ukraine Nov 3.67 24.50 0.05 4.00 12.00 10.00 6.22 Dec 3.67 24.50 0.05 4.00 12.00 10.30 5.92 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeas t Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.56 1,136.26 128.76 669. 52 1,135.97 122.88 168.85 United States 27.82 285.31 6.64 115.03 275.54 20.70 23.53 Total Foreign 140.74 850.94 122.12 554.49 860.43 102.18 145.32 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.90 227.34 92.10 238.36 317.44 8.10 32.80 European Union 6/ 15.60 145.89 11.84 113.68 153.10 7.36 12.87 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.85 53.03 0.13 9.41 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.37 212.19 5.60 146.05 209.67 0.11 68.39 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 168.85 1,280.41 154.80 739. 16 1,239.74 163.61 209.52 United States 23.53 369.45 3.23 135.87 307.38 54.42 34.41 Total Foreign 145.32 910.96 151.57 603.30 932.35 109.19 175.12 Major Exporters 4/ 24.22 173.33 1.87 82.01 112.07 56.46 30.90 Argentina 2.48 34.47 0.01 8.74 13.50 19.61 3.85 Australia 0.85 12.37 0.00 3.79 5.46 7.13 0.63 Brazil 14.56 82.41 1.20 48.58 58.38 21.52 18.28 Canada 3.08 28.75 0.54 15.40 22.58 5.19 4.60 Major Importers 5/ 32.80 248.54 112.56 257.28 339.88 10.99 43.03 European Union 6/ 12.87 158.42 16.13 121.88 163.80 8.63 15.00 Japan 0.98 0.18 17.50 12.88 17.69 0.00 0.97 Mexico 1.62 32.10 11.32 23.62 40.89 0.50 3.66 N. Afr & Mideast 7/ 9.41 30.22 29.90 49.08 56.59 0.31 12.62 Saudi Arabia 3.39 0.36 12.10 10.93 11.35 0.00 4.50 Southeast Asia 8/ 2.83 26.94 10.54 26.86 34.96 1.55 3.80 South Korea 1.31 0.21 10.50 7.85 10.12 0.00 1.90 Selected Other 0.00 China 68.39 225.07 12.45 161.78 227.60 0.03 78.27 FSU-12 5.04 87.63 0.73 40.12 55.98 30.72 6.70 Russia 1.38 35.74 0.21 18.80 28.52 6.95 1.86 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ Th e European Union, Mexico, Japan, selected North Africa and Mid dle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 210.02 1,273.77 143.30 757. 11 1,255.14 147.61 228.65 Dec 209.52 1,275.32 143.48 760. 28 1,257.68 146.74 227.16 United States Nov 34.41 381.37 3.35 141.92 314.66 50.55 53.92 Dec 34.41 381.37 3.35 141.92 314.91 50.55 53.67 Total Foreign Nov 175.62 892.40 139.95 615.20 940.49 97.07 174.73 Dec 175.12 893.95 140.13 618.36 942.77 96.19 173.49 Major Exporters 4/ Nov 31.00 155.78 2.06 82.25 112.84 46.79 29.21 Dec 30.90 154.55 2.06 82.14 112.73 45.44 29.33 Argentina Nov 3.95 30.62 0.01 9.17 14.13 16.21 4.24 Dec 3.85 29.22 0.01 9.17 14.13 14.81 4.14 Australia Nov 0.63 11.21 0.00 4.16 5.84 5.35 0.65 Dec 0.63 11.21 0.00 4.11 5.79 5.40 0.65 Brazil Nov 18.28 78.11 1.21 50.08 59.90 19.51 18.18 Dec 18.28 78.11 1.21 50.08 59.90 19.51 18.18 Canada Nov 4.60 21.75 0.74 13.12 20.52 3.50 3.06 Dec 4.60 21.92 0.74 13.06 20.46 3.50 3.29 Major Importers 5/ Nov 43.30 252.02 100.84 259.04 342.60 10.46 43.10 Dec 43.03 252.83 101.12 261.99 345.45 10.88 40.64 European Union 6/ Nov 15.37 167.09 6.21 118.35 160.57 9.41 18.70 Dec 15.00 167.68 6.23 121.35 163.47 9.63 15.81 Japan Nov 0.97 0.18 18.29 13.68 18.49 0.00 0.95 Dec 0.97 0.18 17.99 13.38 18.19 0.00 0.95 Mexico Nov 3.60 31.34 11.20 24.42 41.94 0.50 3.70 Dec 3.66 31.34 11.20 24.42 41.94 0.50 3.76 N. Afr & Mideast 7/ Nov 12.58 25.19 31.37 51.07 58.83 0.11 10.19 Dec 12.62 25.19 31.37 51.07 58.83 0.11 10.23 Saudi Arabia Nov 4.50 0.36 10.50 11.20 11.68 0.00 3.69 Dec 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Southeast Asia 8/ Nov 3.81 27.51 9.24 27.99 36.19 0.44 3.93 Dec 3.80 27.74 9.24 27.99 36.19 0.64 3.95 South Korea Nov 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Dec 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Selected Other China Nov 78.27 220.65 11.73 165.78 231.83 0.13 78.69 Dec 78.27 222.15 11.63 166.18 232.23 0.13 79.69 FSU-12 Nov 6.79 89.77 0.78 43.96 60.12 28.85 8.38 Dec 6.70 90.27 0.78 43.96 60.42 28.85 8.48 Russia Nov 1.95 40.50 0.18 22.10 32.30 7.41 2.91 Dec 1.86 41.00 0.18 22.10 32.60 7.41 3.02 Ukraine Nov 3.33 37.79 0.06 12.83 16.56 20.66 3.96 Dec 3.33 37.79 0.06 12.83 16.56 20.66 3.96 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U .S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reporti ng discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and S outh Africa. 5/ The European Union, Mexi co, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Moroc co, Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.53 867.97 99.42 518.77 864.70 95.16 137.80 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 109.41 594.77 95.35 409.17 601.72 76.61 116.94 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.36 111.62 56.86 119.58 168.81 2.82 12.22 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.68 58.87 11.35 53.00 69.60 2.19 5.11 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 137.80 989.28 122.05 575.99 954.25 130.14 172.84 United States 20.86 353.72 0.91 130.36 295.39 48.70 31.39 Total Foreign 116.94 635.57 121.14 445.63 658.85 81.43 141.45 Major Exporters 4/ 18.53 119.05 0.83 57.20 75.20 40.00 23.21 Argentina 1.32 25.00 0.01 5.80 8.70 15.50 2.12 Brazil 14.15 79.30 0.80 46.00 55.00 21.50 17.75 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.22 120.01 75.72 133.00 185.13 4.45 18.38 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.11 64.19 15.82 57.50 76.00 2.40 6.71 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.96 10.95 15.20 31.70 0.50 2.77 Southeast Asia 7/ 2.82 26.89 10.53 26.80 34.90 1.53 3.80 South Korea 1.26 0.08 10.41 7.80 9.90 0.00 1.85 Selected Other 0.00 Canada 1.55 14.19 0.50 7.62 12.80 1.85 1.59 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.65 3.24 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total fore ign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports a nd exports may not balance due to differences in marketing years, grain in transit, and reporting discrepa ncies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico , Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Nov 172.99 990.32 110.30 596.69 971.81 113.09 191.50 Dec 172.84 991.58 109.80 597.12 972.21 112.34 192.20 United States Nov 31.39 365.97 0.64 136.53 302.53 44.45 51.01 Dec 31.39 365.97 0.64 136.53 302.78 44.45 50.75 Total Foreign Nov 141.60 624.36 109.66 460.16 669.28 68.64 140.50 Dec 141.45 625.62 109.16 460.59 669.43 67.89 141.45 Major Exporters 4/ Nov 23.21 111.50 0.84 59.20 77.50 34.70 23.34 Dec 23.21 110.50 0.84 59.20 77.50 33.70 23.34 Argentina Nov 2.12 23.00 0.01 6.10 9.20 13.00 2.93 Dec 2.12 22.00 0.01 6.10 9.20 12.00 2.93 Brazil Nov 17.75 75.00 0.80 47.50 56.50 19.50 17.55 Dec 17.75 75.00 0.80 47.50 56.50 19.50 17.55 South Africa Nov 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Dec 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Nov 18.51 129.48 62.80 136.50 189.58 3.45 17.77 Dec 18.38 130.24 62.80 137.00 190.08 3.65 17.70 filler filler filler filler filler filler filler Egypt Nov 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Dec 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Nov 6.88 73.05 6.00 57.50 76.50 2.50 6.93 Dec 6.71 73.59 6.00 58.00 77.00 2.50 6.80 Japan Nov 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Dec 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Nov 2.73 23.00 10.90 16.50 33.25 0.50 2.88 Dec 2.77 23.00 10.90 16.50 33.25 0.50 2.92 Southeast Asia 7/ Nov 3.80 27.46 9.20 27.90 36.10 0.44 3.92 Dec 3.80 27.68 9.20 27.90 36.10 0.64 3.95 South Korea Nov 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Dec 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Selected Other Canada Nov 1.59 11.50 0.70 6.60 12.00 0.50 1.29 Dec 1.59 11.50 0.70 6.60 12.00 0.50 1.29 China Nov 77.32 214.00 2.50 158.00 216.00 0.10 77.72 Dec 77.32 215.50 2.00 158.00 216.00 0.10 78.72 FSU-12 Nov 3.33 42.66 0.42 20.29 23.16 19.84 3.41 Dec 3.24 42.66 0.42 20.29 23.16 19.84 3.32 Ukraine Nov 2.24 27.00 0.05 9.00 10.40 16.50 2.39 Dec 2.24 27.00 0.05 9.00 10.40 16.50 2.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeas t Asia. 6/ Trade excludes in tra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2014 WASDE - 536 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.83 471.88 36.38 468.63 39.25 110.08 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.53 465.53 35.71 464.86 35.87 108.92 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.93 62.61 13.13 75.45 1.07 12.15 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.15 2.10 1.40 3.25 0.20 1.19 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.08 476.85 39.12 480.16 42.00 106.77 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.92 470.74 38.39 476.17 39.02 105.75 Major Exporters 4/ 39.61 161.86 0.63 134.69 31.00 36.42 India 25.44 106.54 0.00 99.18 10.30 22.50 Pakistan 0.50 6.70 0.03 2.63 3.90 0.70 Thailand 12.81 20.46 0.30 10.88 10.30 12.39 Vietnam 0.86 28.16 0.30 22.00 6.50 0.82 Major Importers 5/ 12.15 63.55 13.80 76.77 1.18 11.55 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.19 1.97 1.53 3.25 0.25 1.19 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 3.00 6.00 0.00 0.66 Philippines 1.49 11.86 1.45 12.85 0.00 1.95 Sel. Mideast 7/ 1.40 1.83 4.33 6.20 0.00 1.36 Selected Other 0.00 Burma 0.55 11.96 0.00 10.50 1.45 0.56 C. Amer & Carib 8/ 0.35 1.72 1.58 3.28 0.01 0.35 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.74 7.83 0.65 8.25 0.20 2.78 Mexico 0.19 0.13 0.70 0.86 0.00 0.16 South Korea 0.78 4.23 0.31 4.46 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippi nes, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2014 WASDE - 536 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Nov 106.46 475.05 39.05 482.95 41.53 98.56 Dec 106.77 475.24 39.45 482.89 41.91 99.12 United States Nov 1.03 7.07 0.67 4.19 3.26 1.31 filler filler filler filler filler filler Dec 1.03 7.07 0.67 4.19 3.29 1.28 Total Foreign Nov 105.43 467.98 38.38 478.76 38.27 97.25 filler filler filler filler filler filler Dec 105.75 468.17 38.78 478.70 38.62 97.84 Major Exporters 4/ Nov 36.26 157.20 0.73 134.50 30.10 29.59 Dec 36.42 157.25 0.73 134.50 30.30 29.60 India Nov 22.50 102.00 0.00 99.00 8.70 16.80 Dec 22.50 102.00 0.00 99.00 8.70 16.80 filler filler filler filler filler filler Pakistan Nov 0.70 6.50 0.03 2.70 3.90 0.63 Dec 0.70 6.50 0.03 2.70 3.90 0.63 Thailand Nov 12.39 20.50 0.30 10.90 10.80 11.49 Dec 12.39 20.50 0.30 10.90 11.00 11.29 Vietnam Nov 0.66 28.20 0.40 21.90 6.70 0.66 Dec 0.82 28.25 0.40 21.90 6.70 0.87 Major Importers 5/ Nov 11.39 64.43 14.40 78.13 1.15 10.94 Dec 11.55 63.93 14.70 78.16 1.15 10.87 Brazil Nov 0.73 8.35 0.70 7.90 0.90 0.98 filler filler filler filler filler filler Dec 0.73 8.35 0.70 7.90 0.90 0.98 European Union 6/ Nov 1.16 1.95 1.50 3.23 0.22 1.16 Dec 1.19 1.95 1.50 3.26 0.22 1.16 Indonesia Nov 5.38 37.00 1.00 39.20 0.00 4.18 Dec 5.50 36.50 1.30 39.20 0.00 4.10 Nigeria Nov 0.66 2.55 3.50 6.10 0.00 0.61 Dec 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Nov 1.95 12.20 1.60 13.20 0.00 2.55 Dec 1.95 12.20 1.60 13.20 0.00 2.55 Sel. Mideast 7/ Nov 1.36 1.85 4.48 6.38 0.00 1.31 Dec 1.36 1.85 4.48 6.38 0.00 1.31 Selected Other Burma Nov 0.71 12.15 0.00 11.00 1.30 0.56 Dec 0.56 12.15 0.00 10.90 1.40 0.41 C. Amer & Carib 8/ Nov 0.33 1.75 1.55 3.29 0.01 0.33 Dec 0.35 1.75 1.55 3.29 0.01 0.34 China Nov 46.70 144.00 3.90 148.00 0.35 46.25 Dec 46.81 144.50 4.00 148.00 0.40 46.91 Egypt Nov 0.60 4.50 0.03 4.00 0.50 0.63 Dec 0.60 4.50 0.03 4.00 0.50 0.63 Japan Nov 2.76 7.70 0.70 8.20 0.20 2.76 Dec 2.78 7.70 0.70 8.20 0.20 2.78 Mexico Nov 0.16 0.15 0.78 0.89 0.00 0.19 Dec 0.16 0.15 0.78 0.89 0.00 0.19 South Korea Nov 0.86 4.18 0.41 4.45 0.00 1.00 Dec 0.86 4.24 0.41 4.45 0.00 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, a nd Saudi Arabia. 8/ Central American and Caribbean countries. December 2014 WASDE - 536 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.70 123.56 46.30 107.70 46.68 -0.83 90.00 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.35 106.25 46.29 104.20 33.66 -1.18 86.20 Major Exporters 4/ 29.11 53.40 1.59 30.63 29.12 -1.32 25.67 Central Asia 5/ 3.09 7.27 3 / 2.33 5.32 0.00 2.71 Afr. Fr. Zone 6/ 1.14 4.21 3 / 0.16 4.11 0.00 1.08 S. Hemis 7/ 13.55 12.21 0.17 5.17 11.49 -0.33 9.60 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.19 21.85 7.76 -1.00 11.95 Major Importers 8/ 39.19 49.63 41.97 69.26 2.71 0.14 58.69 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.92 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.14 3.05 0.01 0.00 0.64 Thailand 0.26 3 / 1.51 1.50 0.01 0.03 0.24 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 90.00 120.29 40.58 108.97 40.77 -0.49 101.64 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.20 107.38 40.57 105.42 30.24 -0.69 99.19 Major Exporters 4/ 25.67 56.87 1.31 32.21 25.90 -0.83 26.56 Central Asia 5/ 2.71 6.55 3 / 2.41 4.33 0.00 2.52 Afr. Fr. Zone 6/ 1.08 4.34 3 / 0.16 4.09 0.00 1.17 S. Hemis 7/ 9.60 13.95 0.23 5.30 7.83 -0.34 10.99 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.95 31.00 0.68 23.35 9.26 -0.50 11.52 Major Importers 8/ 58.69 47.23 36.31 68.81 2.55 0.14 70.73 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.90 1.51 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exac tly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending st ocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Ky rgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Co te d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regions listed, includes Hong Kong, Ja pan, Russia, South Korea, and Taiw an. 9/ Includes intra-EU trade. December 2014 WASDE - 536 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Nov 101.48 119.61 34.35 113.85 34.35 -0.13 107.36 Dec 101.64 118.98 34.25 112.60 34.29 -0.10 108.08 United States Nov 2.45 16.40 0.01 3.80 10.00 -0.04 5.10 Dec 2.45 15.92 0.01 3.80 10.00 -0.02 4.60 Total Foreign Nov 99.03 103.21 34.34 110.05 24.35 -0.09 102.26 Dec 99.19 103.06 34.24 108.80 24.29 -0.09 103.48 filler filler filler filler filler filler filler Major Exporters 4/ Nov 26.36 53.75 1.31 33.09 20.03 -0.23 28.52 Dec 26.56 53.71 1.61 32.54 20.04 -0.23 29.52 Central Asia 5/ Nov 2.52 6.34 3 / 2.35 3.60 0.00 2.91 Dec 2.52 6.26 3 / 2.40 3.57 0.00 2.81 Afr. Fr. Zone 6/ Nov 1.17 4.66 3 / 0.15 4.01 0.00 1.67 Dec 1.17 4.70 3 / 0.15 4.05 0.00 1.67 S. Hemis 7/ Nov 10.99 10.93 0.16 5.19 7.15 -0.24 9.97 Dec 10.99 10.93 0.16 5.09 7.15 -0.24 10.07 Australia Nov 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Dec 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Brazil Nov 7.67 7.00 0.08 4.10 3.40 -0.15 7.39 Dec 7.67 7.00 0.08 4.00 3.40 -0.15 7.49 India Nov 11.32 31.00 0.80 24.50 5.00 0.00 13.62 Dec 11.52 31.00 1.10 24.00 5.00 0.00 14.62 filler filler filler filler filler filler filler Major Importers 8/ Nov 70.78 46.12 29.96 72.56 2.54 0.14 71.63 Dec 70.73 46.00 29.56 71.86 2.45 0.14 71.86 Mexico Nov 0.58 1.22 1.03 1.88 0.20 0.03 0.72 Dec 0.58 1.22 1.03 1.88 0.18 0.03 0.75 China Nov 62.71 30.00 7.00 37.50 0.05 0.00 62.16 Dec 62.71 30.00 7.00 37.00 0.05 0.00 62.66 European Union 9/ Nov 0.56 1.79 0.86 0.92 1.50 0.05 0.74 Dec 0.56 1.62 0.86 0.92 1.40 0.05 0.67 Turkey Nov 1.36 3.15 3.80 6.50 0.20 0.00 1.61 Dec 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Pakistan Nov 2.48 9.80 1.50 10.60 0.45 0.03 2.70 Dec 2.48 9.80 1.40 10.50 0.45 0.03 2.70 Indonesia Nov 0.57 0.03 3.10 3.05 0.01 0.00 0.64 Dec 0.60 0.03 3.10 3.10 0.01 0.00 0.62 Thailand Nov 0.29 3 / 1.58 1.50 0.01 0.03 0.34 Dec 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh Nov 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Dec 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Vietnam Nov 0.51 0.02 3.60 3.40 0.00 0.00 0.72 Dec 0.51 0.02 3.60 3.40 0.00 0.00 0.72 1/ Marketing year beginning August 1. Totals may not add exac tly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, a nd Zimbabwe. 8/ In addition to the countries and regions list ed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2014 WASDE - 536 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 53.40 268.06 95.89 229.60 260.53 100.54 56.28 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 48.79 185.27 94.79 183.63 211.70 64.69 52.46 Major Exporters 3/ 29.71 143.15 0.42 71.90 77.39 58.69 37.21 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.00 15.33 84.23 86.14 102.90 0.38 13.27 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.54 0.95 12.54 12.74 13.65 0.09 0.28 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 56.28 285.30 110.44 239.83 272.62 112.83 66.58 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 52.46 193.91 108.49 192.63 222.77 68.01 64.08 Major Exporters 3/ 37.21 152.40 0.63 76.10 82.05 62.41 45.78 Argentina 21.81 54.00 0.00 36.18 38.97 7.84 29.00 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.04 8.20 0.03 3.50 3.64 4.40 0.23 Major Importers 4/ 13.27 14.78 95.89 90.55 107.89 0.29 15.76 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.28 1.23 12.95 12.80 13.73 0.06 0.67 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.70 3.90 3.94 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Nov 66.85 312.06 112.72 251.92 285.82 115.54 90.28 Dec 66.58 312.81 112.77 251.87 286.07 116.22 89.87 United States Nov 2.50 107.73 0.41 48.44 51.57 46.81 12.25 Dec 2.50 107.73 0.41 48.44 51.57 47.90 11.16 Total Foreign Nov 64.35 204.33 112.31 203.47 234.24 68.73 78.03 Dec 64.08 205.08 112.36 203.42 234.49 68.33 78.70 Major Exporters 3/ Nov 46.05 160.60 0.63 79.45 85.86 62.40 59.02 Dec 45.78 160.90 0.63 79.45 85.91 61.70 59.70 Argentina Nov 29.00 55.00 0.00 38.05 41.15 8.20 34.65 Dec 29.00 55.00 0.00 38.05 41.15 8.00 34.85 Brazil Nov 16.80 94.00 0.60 37.60 40.75 46.70 23.95 Dec 16.53 94.00 0.60 37.60 40.75 46.00 24.38 Paraguay Nov 0.23 8.20 0.03 3.60 3.74 4.32 0.40 Dec 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Major Importers 4/ Nov 15.76 14.75 100.10 96.87 114.29 0.39 15.93 Dec 15.76 14.75 100.15 96.87 114.34 0.39 15.93 China Nov 14.43 11.80 74.00 74.50 85.90 0.30 14.03 Dec 14.43 11.80 74.00 74.50 85.90 0.30 14.03 European Union Nov 0.67 1.58 12.75 12.80 13.83 0.07 1.09 Dec 0.67 1.58 12.75 12.80 13.83 0.07 1.09 Japan Nov 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Dec 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Mexico Nov 0.12 0.29 3.95 4.20 4.24 0.00 0.12 Dec 0.12 0.29 3.95 4.20 4.24 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). December 2014 WASDE - 536 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.93 180.85 53.85 177.30 57.84 9.49 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.65 144.67 53.63 151.02 47.70 9.24 Major Exporters 3/ 6.33 61.24 0.04 19.33 41.26 7.02 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.21 7.84 0.01 3.53 4.35 0.18 Major Importers 4/ 1.68 13.77 31.17 45.05 0.57 1.00 European Union 0.57 10.07 16.94 26.89 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.49 188.39 57.43 185.20 59.62 10.48 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.24 151.48 57.13 158.45 49.15 10.26 Major Exporters 3/ 7.02 62.81 0.03 20.30 41.65 7.91 Argentina 3.74 27.95 0.00 1.80 24.96 4.93 Brazil 3.10 27.98 0.03 14.40 13.95 2.76 India 0.18 6.88 0.01 4.10 2.74 0.22 Major Importers 4/ 1.00 13.97 33.29 46.80 0.38 1.09 European Union 0.15 10.11 18.35 28.02 0.31 0.29 Southeast Asia 5/ 0.78 2.40 12.97 15.36 0.07 0.72 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 10.27 198.96 60.76 195.09 64.02 10.89 Dec 10.48 198.92 60.76 195.01 63.92 11.24 United States Nov 0.23 38.81 0.15 27.31 11.61 0.27 Dec 0.23 38.81 0.15 27.31 11.61 0.27 Total Foreign Nov 10.05 160.15 60.61 167.78 52.41 10.62 Dec 10.26 160.11 60.61 167.71 52.31 10.97 Major Exporters 3/ Nov 7.70 65.78 0.03 21.10 44.88 7.53 Dec 7.91 65.70 0.03 20.99 44.78 7.87 Argentina Nov 4.93 29.58 0.00 2.00 27.83 4.68 Dec 4.93 29.58 0.00 2.00 27.83 4.68 Brazil Nov 2.55 29.00 0.03 14.85 14.10 2.62 Dec 2.76 29.00 0.03 14.71 14.10 2.97 India Nov 0.22 7.20 0.01 4.25 2.95 0.23 Dec 0.22 7.12 0.01 4.28 2.85 0.22 Major Importers 4/ Nov 1.09 14.22 35.68 48.84 0.62 1.54 Dec 1.09 14.22 35.68 48.84 0.62 1.54 European Union Nov 0.29 10.08 19.80 29.04 0.55 0.57 Dec 0.29 10.08 19.80 29.04 0.55 0.57 Southeast Asia 5/ Nov 0.72 2.65 13.78 16.19 0.07 0.89 Dec 0.72 2.65 13.78 16.19 0.07 0.89 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. December 2014 WASDE - 536 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.88 42.90 8.46 42.38 9.33 3.53 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.73 33.91 8.37 33.90 8.35 2.75 Major Exporters 3/ 0.89 15.44 0.40 9.46 6.51 0.76 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.15 2.32 0.30 1.65 1.01 0.10 Major Importers 4/ 1.08 13.79 3.88 17.18 0.16 1.40 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Begin n ing Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.53 44.66 9.19 45.11 9.21 3.05 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.75 35.53 9.11 36.51 8.36 2.52 Major Exporters 3/ 0.76 16.09 0.33 10.23 6.22 0.73 Argentina 0.26 6.80 0.01 2.73 4.09 0.25 Brazil 0.40 6.96 0.00 5.69 1.38 0.29 European Union 0.10 2.33 0.32 1.81 0.75 0.19 Major Importers 4/ 1.40 14.29 4.48 18.71 0.20 1.27 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.54 1.83 3.40 0.00 0.22 North Africa 5/ 0.14 0.42 1.30 1.65 0.11 0.10 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Nov 3.00 46.95 9.15 46.48 9.52 3.10 Dec 3.05 46.99 9.22 46.53 9.53 3.21 United States Nov 0.53 9.33 0.07 8.37 0.95 0.61 Dec 0.53 9.38 0.07 8.37 0.95 0.66 Total Foreign Nov 2.47 37.62 9.08 38.11 8.57 2.49 Dec 2.52 37.61 9.15 38.16 8.57 2.55 Major Exporters 3/ Nov 0.67 16.80 0.30 10.69 6.42 0.67 Dec 0.73 16.80 0.30 10.69 6.42 0.72 Argentina Nov 0.25 7.26 0.00 2.94 4.35 0.22 Dec 0.25 7.26 0.00 2.94 4.35 0.22 Brazil Nov 0.24 7.22 0.00 5.94 1.27 0.24 Dec 0.29 7.22 0.00 5.94 1.27 0.30 European Union Nov 0.19 2.33 0.30 1.81 0.80 0.20 Dec 0.19 2.33 0.30 1.81 0.80 0.20 Major Importers 4/ Nov 1.27 15.41 4.32 19.59 0.18 1.23 Dec 1.27 15.39 4.39 19.64 0.18 1.23 China Nov 0.96 13.34 1.10 14.36 0.08 0.96 Dec 0.96 13.34 1.10 14.36 0.08 0.96 India Nov 0.22 1.61 1.85 3.50 0.00 0.18 Dec 0.22 1.59 1.93 3.55 0.00 0.18 North Africa 5/ Nov 0.10 0.46 1.37 1.73 0.10 0.09 Dec 0.10 0.46 1.37 1.73 0.10 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil and European Uni on. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. December 2014 WASDE - 536 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 IV 6,423 6,274 12,764 9,537 1, 420 11,080 23,844 2,063 49.3 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 8,046 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 2,006 51.0 II 6,183 5,504 11,754 9,618 1, 429 11,181 22,935 2,042 52.9 III 6,178 5,423 11,661 9,835 1, 478 11,448 23,109 2,074 51.2 IV* 6,025 6,080 12,164 9,750 1, 500 11,380 23,544 2,115 51.2 Annual Nov Proj. 24,459 22,662 47,369 38,484 5, 739 44,746 92,115 8,237 206.2 Dec Proj. 24,254 22,792 47,295 38,486 5, 739 44,748 92,043 8,237 206.2 2015 I* 5,650 5,840 11,552 9,550 1, 400 11,075 22,627 2,070 52.7 II* 6,185 5,685 11,928 9,970 1, 475 11,585 23,513 2,095 54.4 III* 5,915 5,805 11,778 10,130 1, 525 11,800 23,578 2,110 52.6 Annual Nov Proj. 23,665 23,620 47,522 39,630 5, 925 46,100 93,622 8,430 212.3 Dec Proj. 23,670 23,620 47,527 39,630 5, 925 46,100 93,627 8,430 212.2 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 IV 130.77 61.11 92.8 105.4 143.0 21.50 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV* 167-170 67-68 103-106 114-117 164-167 23.10-23.30 Annual Nov Proj. 154.41 76.60 105.2 107.6 137.2 24.15-24.25 Dec Proj. 155.29 76.22 105.3 108.0 143.0 24.05-24.15 2015 I* 162-170 64-68 102-108 101-107 137-145 20.00-20.50 II* 160-174 66-72 102-110 100-108 116-126 17.00-17.80 III* 158-172 65-71 99-107 104-112 112-122 17.80-18.80 Annual Nov Proj. 154-165 63-68 100-108 103-110 123-133 18.85-19.75 Dec Proj. 160-172 63-68 100-108 103-111 125-134 18.45-19.25 *Projection. 1/ Simple average of mont hs. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ W holesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices receive d by farmers for all milk. December 2014 WASDE - 536 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Proj. Nov 584 24,530 2,823 27,937 2,599 495 24,843 54.6 Dec 584 24,325 2,848 27,757 2,599 495 24,663 54.2 2015 Proj. Nov 495 23,736 2,700 26,931 2,525 485 23,921 52.2 Dec 495 23,741 2,700 26,936 2,525 485 23,926 52.2 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Proj. Nov 618 22,676 973 24,266 5,066 580 18,620 45.3 Dec 618 22,806 1,008 24,431 4,966 570 18,895 46.0 2015 Proj. Nov 580 23,633 900 25,113 5,250 605 19,258 46.6 Dec 570 23,633 910 25,113 5,250 605 19,258 46.6 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Proj. Nov 1,230 47,464 3,977 52,670 7,673 1,118 43,879 101.0 Dec 1,230 47,390 4,037 52,656 7,573 1,108 43,975 101.3 2015 Proj. Nov 1,118 47,617 3,766 52,501 7,784 1,133 43,584 99.8 Dec 1,108 47,622 3,776 52,506 7,784 1,133 43,589 99.8 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Proj. Nov 669 38,072 118 38,859 7,319 610 30,930 83.4 Dec 669 38,074 114 38,857 7,319 610 30,928 83.4 2015 Proj. Nov 610 39,206 116 39,932 7,400 645 31,887 85.3 Dec 610 39,206 116 39,932 7,400 645 31,887 85.3 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Proj. Nov 237 5,739 29 6,005 799 215 4,991 15.7 Dec 237 5,739 29 6,005 799 215 4,991 15.7 2015 Proj. Nov 215 5,925 28 6,168 820 275 5,073 15.8 Dec 215 5,925 28 6,168 820 275 5,073 15.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Proj. Nov 912 44,334 149 45,394 8,224 830 36,340 100.3 Dec 912 44,336 146 45,393 8,224 830 36,339 100.3 2015 Proj. Nov 830 45,675 146 46,651 8,345 925 37,381 102.4 Dec 830 45,675 146 46,651 8,345 925 37,381 102.4 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.6 2014 Proj. Nov 2,142 91,797 4,125 98,064 15,897 1,948 80,219 201.4 Dec 2,142 91,725 4,182 98,049 15,797 1,938 80,314 201.7 2015 Proj. Nov 1,948 93,292 3,912 99,152 16,129 2,058 80,965 202.2 Dec 1,938 93,297 3,922 99,157 16,129 2,058 80,970 202.3 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Cens us Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2014 WASDE - 536 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 23.0 23.0 Production 7,876.5 8,046.2 8,237.0 8 ,237.0 8,430.0 8,430.0 Imports 18.5 16.9 33.2 35.2 40.0 40.0 Total Supply 7,922.7 8,083.9 8,293.2 8 ,295.2 8,493.0 8,493.0 Use Exports 301.7 371.9 361.6 371.6 355.0 375.0 Hatching Use 940.8 959.9 975.2 975.2 1,000.0 1,000.0 Ending Stocks 20.8 23.0 23.0 23.0 23.0 23.0 Disappearance Total 6,659.4 6,729.1 6,933.4 6 ,925.4 7,115.0 7,095.0 Per Capita (number) 254.3 255.2 261.0 260.7 265.9 265.2 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 200.6 201.2 206.2 206.2 212.3 212.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 10.5 11.1 Marketings 199.7 200.2 205.2 205.2 211.3 211.3 Imports 4.1 3.7 4.2 4.1 3.8 3.8 Total Cml. Supply 214.7 216.2 220.6 220.5 225.7 226.2 Fat Basis Use Commercial Exports 8.8 12.4 12.3 12.3 11.0 11.0 Ending Commercial Stocks 12.2 11.2 10.5 11.1 12.1 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 197.8 197.1 202.6 203.0 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 12.0 11.9 Marketings 199.7 200.2 205.2 205.2 211.3 211.3 Imports 5.7 5.3 5.8 5.8 5.4 5.4 Total Cml. Supply 217.2 217.9 222.6 222.7 228.8 228.6 Skim-solid Basis Use Commercial Exports 33.3 38.5 38.3 38.7 37.4 37.4 Ending Commercial Stocks 12.4 11.6 12.0 11.9 12.8 12.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 172.3 172.1 178.6 178.6 Total Note: Totals may not add due to rounding. December 2014 WASDE - 536 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Proj. 2015 Proj. 2015 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.170- 2.1802.150- 2.1601.690- 1.7801.625- 1.705 Butter 1.5943 1.5451 2.120- 2.1502.125- 2.1551.660- 1.7801.665- 1.775 Nonfat Dry Milk 1.3279 1.7066 1.770- 1.7901.760- 1.7801.410- 1.4801.340- 1.400 Dry Whey 0.5935 0.5902 0.650- 0.6600.650- 0.6600.560- 0.5900.560- 0.590 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.50- 22.6022.30- 22.4017.15- 18.0516.55- 17.35 Class IV 16.01 19.05 22.05- 22.2522.05- 22.2517.05- 18.0516.45- 17.35 All Milk 3/ 18.52 20.05 24.15- 24.2524.05- 24.1518.85- 19.7518.45- 19.25 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk pri ce is the simple average of mont hly prices received by farmers for milk at average test. 3/ Does not reflect any de ductions from producers as authorized by legislation. December 2014 WASDE - 536 - 35 Note: Tables on pages 35-37 present a record of the December pr ojection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.4 percent. The average difference between the December projection and the final estimate is 4.0 million tons, ranging from 0.4 m illion to 10.2 million tons. The December projection has been bel ow the estimate 24 times and above 9 times. Reliability of December Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.8 1.4 4.0 0.4 10.2 24 9 U.S. 0.4 0.7 0.2 0.0 1.2 15 12 Forei gn 1.0 1.6 4.0 0.4 10.3 24 9 Exports Worl d 5.4 9.1 5.3 0.1 18.3 27 6 U.S. 5.7 9.6 1.5 0.2 3.9 19 14 Forei gn 6.6 11.3 5.2 0.5 17.9 29 4 Domestic Use Worl d 1.3 2.2 5.7 0.2 16.7 20 13 U.S. 5.9 10.0 1.5 0.1 3.6 10 23 Forei gn 1.3 2.3 5.7 0.1 16.1 23 10 Ending Stocks Worl d 5.6 9.6 6.4 0.9 19.4 23 10 U.S. 10.8 18.3 1.7 0.1 7.0 21 12 Forei gn 5.8 9.9 5.4 0.4 19.3 22 11 COARSE GRAINS 2/ Production Worl d 1.3 2.3 10.3 0.0 24.2 24 9 U.S. 1.4 2.3 2.4 0.0 7.5 18 15 Forei gn 1.9 3.2 10.3 0.3 26.5 23 10 Exports Worl d 6.2 10.6 5.5 0.1 20.8 24 9 U.S. 15.9 27.0 5.4 0.1 12.8 13 20 Forei gn 11.7 19.9 5.8 0.0 22.4 21 11 Domestic Use Worl d 1.2 2.1 8.7 0.3 22.8 19 14 U.S. 3.8 6.4 5.2 0.1 17.9 17 16 Forei gn 1.4 2.3 7.9 0.3 22.7 21 12 Ending Stocks Worl d 10.1 17.2 12.6 1.0 30.3 27 6 U.S. 20.0 33.9 7.7 0.7 23.9 19 14 Forei gn 13.3 22.6 10.5 0.4 31.8 26 7 RICE, milled Production Worl d 2.0 3.5 5.7 0.0 16.2 26 7 U.S. 3.0 5.0 0.1 0.0 0.5 17 13 Forei gn 2.1 3.5 5.7 0.1 16.2 27 6 Exports Worl d 9.6 16.3 1.7 0.1 6.1 26 7 U.S. 7.7 13.1 0.2 0.0 0.6 17 14 Forei gn 10.8 18.4 1.6 0.0 6.0 24 9 Domestic Use Worl d 1.6 2.7 3.6 0.0 15.9 24 9 U.S. 7.5 12.8 0.2 0.0 0.6 17 16 Forei gn 1.6 2.7 3.6 0.0 16.1 24 9 Ending Stocks Worl d 10.2 17.3 4.2 0.1 14.8 26 7 U.S. 21.8 37.0 0.2 0.0 0.8 18 15 Forei gn 10.5 17.8 4.3 0.2 14.2 26 7 1/ Footnotes at end of table. CONTINUED December 2014 WASDE - 536 - 36 Reliability of December Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.9 6.7 5.1 0.1 23.8 19 14 U.S. 2.1 3.5 1.1 0.1 2.7 15 18 Foreign 6.5 11.0 5.2 0.1 25.1 16 17 Exports World 7.0 12.0 2.8 0.1 13.1 19 14 U.S. 9.4 15.9 2.0 0.1 6.4 19 14 Foreign 18.5 31.5 2.6 0.0 11.4 16 17 Domestic Use World 2.8 4.7 3.6 0.2 12.2 18 15 U.S. 3.5 6.0 1.2 0.0 3.6 22 11 Foreign 3.4 5.8 3.3 0.2 11.9 18 15 Ending Stocks World 16.1 27.3 3.9 0.1 18.5 20 13 U.S. 34.5 58.5 1.8 0.2 5.6 10 23 Foreign 17.8 30.2 3.6 0.1 12.9 20 13 COTTON Million 480-Pound Bales Production World 3.1 5.2 2.3 0.0 6.4 19 13 U.S. 2.0 3.3 0.2 0.0 0.8 16 16 Foreign 3.7 6.2 2.2 0.0 6.7 18 14 Exports World 7.4 12.5 1.9 0.1 9.0 20 13 U.S. 14.1 23.9 0.9 0.0 3.0 21 12 Foreign 9.6 16.3 1.5 0.0 8.3 18 14 Domestic Use World 2.9 4.9 2.2 0.5 8.2 17 16 U.S. 6.2 10.5 0.3 0.0 1.0 19 13 Foreign 3.0 5.0 2.1 0.3 7.9 18 15 Ending Stocks World 11.6 19.7 4.2 0.5 12.0 20 13 U.S. 25.7 43.6 1.0 0.1 3.2 9 24 Foreign 12.3 20.9 3.9 0.1 12.1 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2014 WASDE - 536 - 37 Reliability of United Stat es December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.4 2.3 86 0 250 18 14 Exports 16.6 28.1 193 9 467 13 20 Domestic Use 4.0 6.8 198 14 574 21 12 Ending Stocks 22.9 38.9 300 16 986 19 14 SORGHUM Production 4 . 3 7 . 21 5 15 31 51 8 Exports 17.0 28.8 26 0 97 22 10 Domestic Use 13.2 22.4 35 0 127 13 19 Ending Stocks 42.9 72.8 26 2 104 13 20 BARLEY Production 1.5 2.5 4 0 24 12 10 Exports 26.5 45.1 9 0 37 11 20 Domestic Use 6.5 11.1 16 0 70 13 19 Ending Stocks 12.6 21.4 13 0 39 22 9 OATS Production 1 . 2 2 . 020 1 879 Exports 77.0 130. 71078 1 0 Domestic Use 4 . 6 7 . 81 2 13 91 51 8 Ending Stocks 19.8 33.6 14 1 52 21 12 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 992 152 2,578 21 12 Exports 11.6 19.7 732 100 2,850 19 14 Domestic Use 3.2 5.4 675 50 2,293 17 16 Ending Stocks 35.2 59.7 59 0 214 14 17 SOYBEAN OIL Million Pounds Production 3.6 6.0 454 43 1,530 22 11 Exports 28.0 47.6 330 0 1,325 18 13 Domestic Use 3.8 6.4 431 25 1,761 20 13 Ending Stocks 22.0 37.4 296 1 1,051 20 13 ANIMAL PROD. 3/ Million Pounds Beef 3.7 6.3 763 9 2,311 23 9 Pork 3.4 5.8 435 20 1,592 19 13 Broilers 1.8 3.1 404 1 1,346 20 12 Turkeys 2.9 4.9 117 2 407 20 12 Million Dozen Eggs 1.6 2.6 85 3 288 22 10 Billion Pounds Milk 1.6 2.8 1.9 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grai ns, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983- 2013. WASDE-536-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-536 – December 10, 2014 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 564 Approved by the World Agricultural Outlook Board April 11, 2017 WHEAT: U.S. wheat ending stocks for 2016/17 are raised 30 million bushels on lower feed and residual use which more than offsets a slight import reduction. At 1,159 million bushels, ending stocks are projected to reach a near 30- year high. Feed and residual use is lowered 35 million bushels to 190 million which reflects lower -than- expected disappearance for the December -February and September -November quarters, as indicated by March 1 and revised December 1 stocks from the March 31 Grain Stocks report. The import change is based on the pace to date with reductions for soft red winter and durum. Global 2016/17 wheat supplies are raised 1.7 million tons due to higher projected beginning stocks and a 0.3- million- ton increase in production. The change to beginning stocks stems from a 1.4- million- ton reduction in 2015/16 domestic consumption, primarily in the EU. World exports are lowered 0.3 million tons led by 0.5-million- ton decreases each for Australia, Canada, Kazakhstan, and Russia. Partly offsetting are higher projected exports for the EU and Ukraine. Total global consumption for 2016/17 is lowered 0.6 million tons to 740.8 million with a 1.0 -million- ton decrease in the United States, more than offsetting a small net increase for foreign countries. With supplies rising and use declining, global ending stocks are raised 2.3 million tons to 252.3 million. COARSE GRAINS: This month’s 2016/17 U.S. corn outlook is for increased corn used to produce ethanol, reduced feed and residual use and unchanged ending stocks. Corn used to produce ethanol is raised 50 million bushels to 5,450 million based on the most recent data from the Grain Crushings and Co- Products Production report which estimated the amount of corn used to produce ethanol to be record high during December -February. The pace of weekly ethanol production during March as indicated by Energy Information Administration data has also been above expectations. Offsetting is a 50 million bushel reduction in projected feed and residual use to 5,500 million bushels based on disappearance indicated during the first half of the marketing year in the March 31 Grain Stocks. W ith offsetting usage changes, ending stocks are unchanged from last month. The season- average corn price received by producers is unchanged at the midpoint with the range narrowed to $3.25 to $3.55 per bushel. Global coarse grain production for 2016/17 is forecast 4.4 million tons higher from last month to 1,346.1 million. This month’s foreign coarse grain outlook is for increased production, consumption, trade, and stocks relative to last month. Brazil corn WASDE- 564-2 production is raised primarily on larger projected second crop area. The latest government data indicate a higher -than- expected expansion of area in both the Center -West and North. Argentina corn production is increased on the latest harvest results indicating better -than- expected yields. Other major corn production changes include increases for Mexico, Indonesia, Pakistan and South Africa, with reductions for Paraguay, Ecuador and Russia. Major global trade changes for 2016/17 this month include higher projected corn exports for Brazil and Argentina, with increased competition from these countries expected to impact the 2017/18 marketing year in the United States. Corn imports are raised for Mexico, with mostly offsetting reductions for Indonesia, Venezuela, Philippines, and Colombia. Foreign corn ending stocks are raised from last month, with the biggest increases for Mexico, Brazil, Indonesia, and Argentina. RICE: U.S. rice ending stocks for 2016/17 are lowered 3.0 million cwt on increased exports; a t 49.1 million cwt, these would still be the largest all rice ending stocks since 1986/87. The 3.0-million- cwt export increase is all rough rice, which is record large at 46.0 million cwt, but split with 2.0 million for long- grain and 1.0 million for medium - and short- grain. Global 2016/17 rice supplies are raised 0.8 million tons on increased production. The primary increase is 0.6 million tons for Indonesia on favorable weather. The Pakistan crop is raised 0.2 million tons, while Burma production is lowered 0.1 million tons. Global consumption is raised 0.4 million tons led by a 0.3 -million- ton increase for Indonesia reflecting the larger crop. Global imports are adjusted lower with cuts to Indonesia and Saudi Arabia. Exports are lowered slightly with reductions for Egypt and Pakistan offsetting the increase for the United States. With supplies rising faster than total use, global ending stocks are increased 0.4 million tons to 118.1 million, the largest since 2001/02. OILSEEDS: U.S. soybean supply and use changes for 2016/17 include higher seed use, reduced residual disappearance, and higher ending stocks. Seed use is raised in line with the record plantings indicated in the March 31 Prospective Plantings report, and residual use is reduced based on indications from the March 31 Grain Stocks report. With exports and crush unchanged, soybean ending stocks are projected at 445 million bushels, up 10 million from last month. Soybean meal balance sheet changes include increased exports and lower domestic use. Soybean oil changes include reduced food, feed, and other industrial use, a s well as, increased ending stocks. Projected prices for soybeans and products are reduced this month. The season- average soybean price is lowered 5 cents at the midpoint to $9.55 per bushel based on marketings to date and lower expected prices for the second half of the marketing year. Soybean oil prices are projected at 31 to 33 cents per pound, down 1.5 cents at the midpoint. Soybean meal prices are projected at $310 to $330 per short ton, down $5.00 at the midpoint. WASDE- 564-3 The 2016/17 global oilseed supply and demand forecasts show higher production, exports, crush, and ending stocks compared to last month. Global oilseed production is raised 5.4 million tons to 563.4 million mainly on a combined 5.0- million- ton increase in soybean production for Brazil, Paraguay, Uruguay, and Argentina. As a result, forecasted global soybean exports are increased 2.2 million tons to 143.3 million. Corresponding to higher exports, soybean imports are raised for China and the EU. Higher soybean production has also led to a 0.4- million- ton increase in global forecasted crush and a 4.6- million- ton increase in soybean stocks. Global soybean stocks are projected at a record 87.4 million tons, 10.3 million above a year earlier. Soybean meal production is raised 0.3 million tons aligned with higher projected crush, but with lower domestic use and import demand, soybean meal stocks are increased 0.9 million tons. SUGAR: U.S. fiscal year 2016/17 beet sugar production is decreased 110,000 short tons, raw value (STRV) to 4.996 million. Sucrose recovery from sugarbeet slicing, reported by processors in the Sweetener Market Data (SMD) report for the period covering August 201 6 and February 2017 of this year’s sugarbeet harvest cycle, imply a final crop year recovery projection from slicing at 13.8 percent, slightly below last month’s 13.9 percent. In addition, the projected slicing of sugarbeets stored in piles is reduced on the basis of a 20 percent increase in shrink, or the percentage loss of piled beets estimated by beet processors. The new shrink factor is 7.0 percent, up from last month’s 5.8 percent. Sugarcane production for 2016/17 is reduced by 24,871 STRV mainly on the basis of reduced sucrose recovery expected by processors in Florida and Texas. Re-export imports for 2016/17 are increased by 150,000 STRV to 375,000, based on a survey of license holders’ intentions. Sugar exports are expected to increase 50,000 STRV to 125,000. Ending stocks for 2016/17 are projected at 1.642 million STRV, implying a stocks- to-use ratio of 13.3 percent. Mexico sugar production for 2016/17 is decreased 184,677 metric tons (MT) to 6.186 million in agreement with the new estimate made by the Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (CONADESUCA) in Mexico. Deliveries for human consumption are likewise increased by 72,627 MT to 4.461 million and imports for consumption are increased by 15,000 MT to 25,000. These changes reflect adjustments based on observed production, deliveries, and imports made through the end of February. The ending stock forecast for 2016/17 is increased by 15,391 at 1.293 million MT, an amount projected by USDA to meet sugar supply requirements of domestic consumption and exports to the U.S. market for the first three months of the following marketing year. Although exports to the United States for 2016/17 are unchanged at 994,502 MT, total exports are reduced by 257,435 as residually determined shipments to third- countries are lowered. LIVESTOCK, POULTRY, AND DAIRY: The 2017 forecast of total red meat and poultry production is raised from last month as higher beef and turkey production more than offset modest reductions in pork production. Beef production is forecast WASDE- 564-4 higher on the current pace of slaughter and heavier- than- expected cattle weights in the first half of the year. The pork production forecast is lowered slightly with second and third- quarter production reduced but almost offset by higher fourth- quarter production. The March Quarterly Hogs and Pigs repor t indicated that industry expansion is still underway although producers intend to slow farrowings this summer. Turkey production is forecast higher on recent hatchery data. The egg production forecast is reduced slightly on lower hatching egg production. The broiler production forecast is unchanged. The beef import forecast for 2017 is raised as higher expected beef supplies from Oceania in the latter half of the year outweigh declines in the first half. No changes are made to beef exports. The first quarter turkey export forecast is r educed slightly from last month. The e gg export forecast is reduced slightly on the pace of first- quarter trade. Pork and broiler trade forecasts for 2017 are unchanged. The cattle and hog price estimates for the first quarter reflect March price data, but the forecasts for the outlying quarters are unchanged. B roiler price forecasts are raised as current prices remain strong. Turkey and egg prices are adjusted to reflect March data; forecasts for the outlying quarters are unchanged. The milk production forecast for 2017 is lowered as reductions in milk per cow offset increases in milk cow numbers. Fat basis imports are reduced on weaker imports of cheese and butterfat products, but imports of milk protein products support a higher skim -solids basis import forecast. Fat basis exports are lowered on weaker sales of whole milk powder (WMP), but skim -solids basis exports are raised as weaker WMP is more than offset by higher sales of a number of skim -based products. Ending stock forecasts are raised on both a fat and skim- solids basis, reflecting current large supplies and lower expected domestic use. Dairy products price forecasts for cheese, butter, nonfat dry milk, and whey are lowered as both domestic and international supplies are large. As a result both Class III and Class IV price forecasts are reduced from last month. The all milk price for 2017 is lowered to $ 17.40-$ 17.90 per cwt. COTTON: The 2016/17 U.S. cotton supply and demand forecasts show higher exports and lower ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is raised 800,000 bales to 14.0 million, based on strong export sales during March. This would be the fourth- largest volume ever for U.S. exports, accounting for nearly 40 percent of world trade. Ending stocks are now forecast at 3.7 million bales, equivalent to 21 percent of total disappearance. The marketing year price received by producers is projected to average between 67 and 69 cents per pound, a reduction of 1 cent at the upper end of the range. The 2016/17 world cotton forecasts include higher production and ending stocks. Higher production estimates for China and Brazil are only partly offset by a slightly smaller crop in Australia. Lower expected exports for India, Australia, and Uzbekistan WASDE- 564-5 largely offset increases for the United States, Brazil, and Greece. World ending stocks are now projected at 90.9 million bales, about 400,000 bales higher than forecast a month earlier. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : MICHAEL YOUNG SECRETARY OF AGRICULTURE DESIGNATE WASDE- 564-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell , FAS; Pete Riley , FSA. Rice: William Chambers , ICEC Chair, WAOB, E-mail: [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart , ERS; Yoonhee Macke , FAS; Susan Proper , FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper , FSA. Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Sherrie Grimm , FSA. Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ron Lord , FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Mildred Haley , ERS; Lindsay Kuberka, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos , ERS; Tyler Cozzens , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna , ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2017, the WASDE report will be released on May 10, Jun. 9, Jul. 12, Aug. 10, Sep. 12, Oct. 12, Nov. 9, Dec. 12 WASDE- 564-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2017 WASDE - 564 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2014/15 2514.59 3034.42 394.16 2454.96 579.45 2015/16 (Est.) 2458.57 3038.02 377.12 2432.84 605.19 filler filler filler filler filler 2016/17 (Proj.) Mar 2573.12 3175.60 412.78 2553.00 622.61 2016/17 (Proj.) Apr 2578.58 3183.77 413.12 2555.41 628.36 filler filler filler filler filler Wheat 2014/15 728.07 922.96 164.45 705.38 217.58 2015/16 (Est.) 735.23 952.81 172.82 711.07 241.74 filler filler filler filler filler 2016/17 (Proj.) Mar 751.07 991.36 181.02 741.42 249.94 2016/17 (Proj.) Apr 751.36 993.10 180.68 740.84 252.26 filler filler filler filler filler Coarse Grains 5/ 2014/15 1307.96 1519.03 186.14 1272.09 246.94 2015/16 (Est.) 1251.09 1498.03 163.93 1250.73 247.30 filler filler filler filler filler 2016/17 (Proj.) Mar 1341.70 1587.75 190.53 1332.74 255.01 2016/17 (Proj.) Apr 1346.08 1593.38 191.39 1335.38 258.00 filler filler filler filler filler Rice, milled 2014/15 478.55 592.42 43.58 477.49 114.93 2015/16 (Est.) 472.25 587.18 40.37 471.04 116.14 filler filler filler filler filler 2016/17 (Proj.) Mar 480.35 596.49 41.23 478.84 117.65 2016/17 (Proj.) Apr 481.14 597.28 41.05 479.19 118.09 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.26 506.00 81.59 348.28 76.14 filler filler filler filler filler 2016/17 (Proj.) Mar 472.57 556.21 93.78 367.21 95.22 2016/17 (Proj.) Apr 472.57 556.07 93.88 366.11 96.09 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Mar 62.86 92.54 27.90 33.91 30.73 2016/17 (Proj.) Apr 62.86 92.40 27.90 32.96 31.55 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 367.01 417.89 57.07 312.70 48.11 filler filler filler filler filler 2016/17 (Proj.) Mar 402.60 454.33 62.39 329.10 62.83 2016/17 (Proj.) Apr 402.60 454.33 62.39 328.96 62.98 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.13 8.45 3.42 3.55 1.48 filler filler filler filler filler 2016/17 (Proj.) Mar 7.12 9.34 3.49 4.19 1.66 2016/17 (Proj.) Apr 7.12 9.34 3.59 4.19 1.56 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2017 WASDE - 564 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2014/15 2,075.10 2,535.19 310.89 2,107.99 510.48 2015/16 (Est.) 2,029.31 2,532.02 295.53 2,084.56 529.05 filler filler filler filler filler 2016/17 (Proj.) Mar 2,100.55 2,619.40 319.00 2,185.79 527.39 2016/17 (Proj.) Apr 2,106.01 2,627.69 319.24 2,189.30 532.27 filler filler filler filler filler Wheat 2014/15 672.92 847.63 140.93 674.05 197.11 2015/16 (Est.) 679.11 873.14 151.73 679.05 215.19 filler filler filler filler filler 2016/17 (Proj.) Mar 688.22 898.82 153.12 707.51 219.21 2016/17 (Proj.) Apr 688.50 900.69 152.78 707.88 220.71 filler filler filler filler filler Coarse Grains 5/ 2014/15 930.73 1,104.04 129.44 960.75 199.99 2015/16 (Est.) 884.08 1,080.14 106.85 938.02 199.19 filler filler filler filler filler 2016/17 (Proj.) Mar 939.10 1,133.42 128.14 1,003.64 192.18 2016/17 (Proj.) Apr 943.48 1,139.06 129.00 1,006.42 195.02 filler filler filler filler filler Rice, milled 2014/15 471.45 583.51 40.52 473.19 113.38 2015/16 (Est.) 466.12 578.73 36.95 467.49 114.67 filler filler filler filler filler 2016/17 (Proj.) Mar 473.23 587.15 37.74 474.65 116.00 2016/17 (Proj.) Apr 474.03 587.94 37.46 475.00 116.53 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2014/15 119.19 222.50 35.30 111.41 111.74 2015/16 (Est.) 96.71 208.45 35.29 111.24 97.08 filler filler filler filler filler 2016/17 (Proj.) Mar 105.72 202.81 35.95 112.43 90.48 2016/17 (Proj.) Apr 106.30 203.38 36.10 112.59 90.91 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Mar 17.23 21.04 13.20 3.30 4.50 2016/17 (Proj.) Apr 17.23 21.04 14.00 3.30 3.70 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.05 107.84 108.09 2015/16 (Est.) 83.83 191.88 26.14 107.79 93.28 filler filler filler filler filler 2016/17 (Proj.) Mar 88.49 181.77 22.75 109.13 85.98 2016/17 (Proj.) Apr 89.07 182.34 22.10 109.29 87.21 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2017 WASDE - 564 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2014/15 536.66 614.16 147.16 439.70 92.66 2015/16 (Est.) 521.26 613.92 153.02 446.26 90.26 filler filler filler filler filler 2016/17 (Proj.) Mar 558.03 646.94 162.36 468.50 94.26 2016/17 (Proj.) Apr 563.42 653.68 164.74 469.36 99.56 filler filler filler filler filler Oilmeals 2014/15 300.36 314.17 86.14 294.41 16.31 2015/16 (Est.) 306.20 322.51 86.69 304.42 14.71 filler filler filler filler filler 2016/17 (Proj.) Mar 320.92 335.60 91.57 316.58 14.09 2016/17 (Proj.) Apr 321.73 336.44 90.42 317.13 14.89 filler filler filler filler filler Vegetable Oils 2014/15 177.11 200.70 76.58 171.47 23.71 2015/16 (Est.) 176.74 200.45 73.62 177.90 20.19 filler filler filler filler filler 2016/17 (Proj.) Mar 186.78 206.71 78.18 184.17 18.39 2016/17 (Proj.) Apr 185.78 205.97 77.49 183.37 18.53 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.05 6.87 filler filler filler filler filler 2016/17 (Proj.) Mar 127.31 135.79 56.17 57.39 13.32 2016/17 (Proj.) Apr 127.31 135.80 56.16 57.41 13.61 filler filler filler filler filler Oilmeals 2014/15 43.28 47.44 12.15 35.01 0.29 2015/16 (Est.) 42.87 47.23 11.21 35.74 0.28 filler filler filler filler filler 2016/17 (Proj.) Mar 44.07 48.33 10.90 37.10 0.33 2016/17 ( Proj.) Apr 44.05 48.27 11.17 36.77 0.33 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.54 1.24 filler filler filler filler filler 2016/17 (Proj.) Mar 11.71 17.69 1.34 15.10 1.26 2016/17 (Proj.) Apr 11.71 17.65 1.32 14.92 1.42 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2014/15 420.63 492.32 96.05 384.59 85.91 2015/16 (Est.) 405.38 490.16 99.23 391.20 83.39 filler filler filler filler filler 2016/17 (Proj.) Mar 430.72 511.15 106.19 411.10 80.94 2016/17 (Proj.) Apr 436.11 517.88 108.58 411.95 85.95 filler filler filler filler filler Oilmeals 2014/15 257.08 266.72 73.99 259.40 16.02 2015/16 (Est.) 263.34 275.28 75.48 268.67 14.43 filler filler filler filler filler 2016/17 (Proj.) Mar 276.85 287.27 80.66 279.48 13.76 2016/17 (Proj.) Apr 277.69 288.17 79.25 280.36 14.57 filler filler filler filler filler Vegetable Oils 2014/15 166.18 184.57 75.41 157.79 22.43 2015/16 (Est.) 165.53 183.42 72.37 163.36 18.95 filler filler filler filler filler 2016/17 (Proj.) Mar 175.07 189.02 76.84 169.07 17.14 2016/17 (Proj.) Apr 174.07 188.32 76.17 168.46 17.11 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2017 WASDE - 564 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 115 110 Supply, Total 2,768 2,927 3,400 3,395 Food 958 957 960 960 Seed 79 67 61 61 Feed and Residual 114 152 225 190 Domestic, Total 1,151 1,177 1,246 1,211 Exports 864 775 1,025 1,025 Use, Total 2,015 1,952 2,271 2,236 Ending Stocks 752 976 1,129 1,159 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.80 - 3.90 3.80 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,177 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,532 800 540 366 157 3,395 Domestic Use 522 285 221 95 88 1,211 Exports 430 320 90 165 20 1,025 Use, Total 952 605 311 260 108 2,236 Ending Stocks, Total Apr 580 195 229 106 49 1,159 Ending Stocks, Total Mar 566 189 221 101 52 1,129 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2017 WASDE - 564 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Million Acres Area Planted 103.5 103.2 106.6 106.6 Area Harvested 93.1 93.0 96.5 96.5 Metric Tons Yield per Harvested Acre 4.05 3.94 4.17 4.17 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 402.3 402.3 Imports 3.2 3.7 3.4 3.4 Supply, Total 414.6 417.4 453.7 453.7 Feed and Residual 138.5 135.4 147.3 145.9 Food, Seed & Industrial 172.5 176.7 181.3 182.5 Domestic, Total 310.9 312.2 328.6 328.4 Exports 56.7 57.1 62.4 62.4 Use, Total 367.6 369.3 390.9 390.8 Ending Stocks 46.9 48.1 62.8 63.0 CORN 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Million Acres Area Planted 90.6 88.0 94.0 94.0 Area Harvested 83.1 80.8 86.7 86.7 Bushels Yield per Harvested Acre 171.0 168.4 174.6 174.6 Million Bushels Beginning Stocks 1,232 1,731 1,737 1,737 Production 14,216 13,602 15,148 15,148 Imports 32 67 55 55 Supply, Total 15,479 15,401 16,940 16,940 Feed and Residual 5,280 5,120 5,550 5,500 Food, Seed & Industrial 2/ 6,601 6,646 6,845 6,895 Ethanol & by -products 3/ 5,200 5,224 5,400 5,450 Domestic, Total 11,881 11,766 12,395 12,395 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,664 14,620 14,620 Ending Stocks 1,731 1,737 2,320 2,320 Avg. Farm Price ($/bu) 4/ 3.70 3.61 3.20 - 3.60 3.25 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average pric e received by farmers. April 2017 WASDE - 564 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.1 8.5 6.7 6.7 Area Harvested (mil. acres) 6.4 7.9 6.2 6.2 Yield (bushels/acre) 67.6 76.0 77.9 77.9 Beginning Stocks 34 18 37 37 Production 433 597 480 480 Imports 0 5 1 1 Supply, Total 467 620 518 518 Feed and Residual 82 108 140 130 Food, Seed & Industrial 15 137 115 115 Total Domestic 97 245 255 245 Exports 352 339 225 225 Use, Total 449 583 480 470 Ending Stocks 18 37 38 48 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.50 - 2.90 2.50 - 2.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 15 15 Supply, Total 287 315 316 316 Feed and Residual 43 50 55 60 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 208 213 Exports 14 11 5 5 Use, Total 209 213 213 218 Ending Stocks 79 102 103 98 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.70 - 5.20 4.70 - 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 109 86 95 95 Supply, Total 204 229 217 217 Feed and Residual 71 93 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 168 168 Exports 2 2 3 3 Use, Total 150 172 171 171 Ending Stocks 54 57 46 46 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.95 - 2.15 1.95 - 2.15 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2017 WASDE - 564 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Million Acres Area Planted 2.95 2.63 3.15 3.15 Area Harvested 2.93 2.59 3.10 3.10 Fil ler Pounds Yield per Harvested Acre 7,576 7,472 7,237 7,237 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 193.1 224.1 224.1 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.8 294.1 294.1 Domestic & Residual 3/ 134.4 111.6 132.0 132.0 Exports, Total 4/ 95.7 107.7 110.0 113.0 Rough 31.8 38.2 43.0 46.0 Milled (rough equiv.) 63.9 69.6 67.0 67.0 Use, Total 230.2 219.3 242.0 245.0 Ending Stocks 48.5 46.5 52.1 49.1 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 10.10 - 10.90 10.30 - 10.70 Total LONG -GRAIN RICE 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Harvested Acres (mil.) 2.20 1.85 2.40 2.40 Yield (pounds/acre) 7,407 7,219 6,927 6,927 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.4 166.5 166.5 Supply, Total 7/ 200.6 180.7 209.7 209.7 Domestic & Residual 3/ 106.2 81.5 102.0 102.0 Exports 8/ 68.0 76.5 76.0 78.0 Use, Total 174.2 158.0 178.0 180.0 Ending Stocks 26.5 22.7 31.7 29.7 Avg. Farm Price ($/cwt) 6/ 11.90 11.20 9.50 - 10.10 9.60 - 10.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Harvested Acres (mil.) 0.74 0.74 0.69 0.69 Yield (pounds/acre) 8,080 8,107 8,311 8,311 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.7 57.7 57.7 Supply, Total 7/ 76.1 82.2 81.6 81.6 Domestic & Residual 3/ 28.3 30.1 30.0 30.0 Exports 8/ 27.7 31.2 34.0 35.0 Use, Total 56.0 61.3 64.0 65.0 Ending Stocks 20.2 20.9 17.6 16.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 12.10 - 12.90 12.20 - 12.80 California 10/ 21.60 18.10 13.10 - 14.10 13.30 - 13.90 Other States 1/ 14.40 11.20 9.70 - 10.30 9.80 - 10.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15 -1.9; 2015/16 -2.9; 20 16/17 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mi lled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five -year Olympic average -- 2011/12 -2015/16. 6/ Marketing- year weighted average price received by farmers . 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the ri ce in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. April 2017 WASDE - 564 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.3 82.7 83.4 83.4 Area Harvested 82.6 81.7 82.7 82.7 Fil ler Bushels Yield per Harvested Acre 47.5 48.0 52.1 52.1 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,307 4,307 Imports 33 24 25 25 Supply, Total 4,052 4,140 4,528 4,528 Crushings 1,873 1,886 1,940 1,940 Exports 1,842 1,936 2,025 2,025 Seed 96 97 95 104 Residual 5/ 50 25 33 14 Use, Total 3,862 3,944 4,093 4,083 Ending Stocks 191 197 435 445 Avg. Farm Price ($/bu) 2/ 10.10 8.95 9.30 - 9.90 9.40 - 9.70 Total SOYBEAN OIL 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,165 1,855 1,687 1,687 Production 4/ 21,399 21,950 22,560 22,560 Imports 264 288 325 325 Supply, Total 22,828 24,093 24,572 24,572 Domestic Disappearance 18,959 20,166 20,550 20,200 Biodiesel 3/ 5,039 5,670 6,200 6,200 Food, Feed & other Industrial 13,920 14,496 14,350 14,000 Exports 2,014 2,240 2,250 2,250 Use, Total 20,973 22,406 22,800 22,450 Ending stocks 1,855 1,687 1,772 2,122 Avg. Price (c/lb) 2/ 31.60 29.86 32.00 - 35.00 31.00 - 33.00 Total SOYBEAN MEAL 2014/15 2015/16 E st. 2016/17 Proj. 2016/17 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 250 260 264 264 Production 4/ 45,062 44,672 45,611 45,586 Imports 333 403 325 350 Supply, Total 45,645 45,335 46,200 46,200 Domestic Disappearance 32,277 33,108 34,300 34,000 Exports 13,108 11,963 11,600 11,900 Use, Total 45,384 45,071 45,900 45,900 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 310.00 - 340.00 310.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 million bushels for 2015/16 and 1,940 million bushels for 2016/17. 5/ Supply estimates and reported use through March 1, coupled with USDA's March 1 stocks estimate, indicate b elow -average residual for 2016/17. April 2017 WASDE - 564 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 2,054 2,054 Production 2/ 8,656 8,989 8,975 8,840 Beet Sugar 4,893 5,119 5,106 4,996 Cane Sugar 3,763 3,870 3,869 3,844 Florida 1,981 2,173 2,072 2,051 Hawaii 146 152 43 43 Louisiana 1,513 1,428 1,612 1,612 Texas 123 116 142 138 Imports 3,553 3,341 2,978 3,128 TRQ 3/ 1,536 1,620 1,576 1,576 Other Program 4/ 471 396 225 375 Other 5/ 1,546 1,325 1,177 1,177 Mexico 1,532 1,309 1,162 1,162 Total Supply 14,019 14,145 14,007 14,022 Exports 185 74 75 125 Deliveries 12,019 12,051 12,255 12,255 Food 6/ 11,888 11,881 12,100 12,100 Other 7/ 131 170 155 155 Miscellaneous 0 -33 0 0 Total Use 12,204 12,091 12,330 12,380 Ending Stocks 1,815 2,054 1,677 1,642 Stocks to Use Ratio 14.9 17.0 13.6 13.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (125) 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2014/15, other high- tier (15) and other (0). For 2015/16, other high- tier (16) and other (0). For 2016/17, other high -tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar- containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Mar 811 6,117 83 4,767 1,207 1,037 2015/16 Est. Apr 811 6,117 83 4,767 1,207 1,037 2016/17 Proj. Mar 1,037 6,371 60 4,769 1,421 1,278 2016/17 Proj. Apr 1,037 6,186 75 4,841 1,163 1,293 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2015/16 = 1,482, projected Oct -Sep 2016/17 = 1,484; Oct - Feb 2015/16 = 573, Oct - Feb 2016/17 = 596. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Other Deliveries/Ending Year Statis tical Adjustments: 2015/16 (50), 2016/17 (50). April 2017 WASDE - 564 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.04 8.58 10.07 10.07 Harvested 9.35 8.07 9.52 9.52 Fil ler Pounds Yield per Harvested Acre 838 766 869 869 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 17.23 17.23 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 21.04 21.04 Domestic Use 3.58 3.45 3.30 3.30 Exports, Total 11.25 9.15 13.20 14.00 Use, Total 14.82 12.60 16.50 17.30 Unaccounted 2/ 0.21 0.17 0.04 0.04 Ending Stocks 3.65 3.80 4.50 3.70 Avg. Farm Price 3/ 61.3 61.2 67.00 - 70.00 67.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2017 WASDE - 564 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 194.89 728.07 159.07 131.60 705.38 164.45 217.58 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.83 672.92 154.96 128.51 674.05 140.93 197.11 Major Exporters 4/ 27.38 224.01 6.66 62.82 147.28 81.51 29.26 Argentina 2.49 13.93 0.04 0.30 6.35 5.30 4.80 Australia 4.56 23.74 0.16 3.80 7.20 16.59 4.67 Canada 10.40 29.42 0.49 3.72 9.05 24.16 7.09 European Union 5/ 9.94 156.91 5.98 55.00 124.68 35.46 12.70 Major Importers 6/ 100.70 197.40 84.95 29.88 262.36 7.60 113.09 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.36 17.66 21.27 4.45 36.14 1.53 13.63 N. Africa 8/ 14.05 17.01 25.43 2.48 42.73 0.56 13.20 Pakistan 2.19 25.98 0.74 1.00 24.50 0.70 3.71 Southeast Asia 9/ 3.46 0.00 19.86 4.76 18.55 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.79 112.38 7.68 24.50 75.00 40.24 20.62 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1.99 13.00 0.60 2.00 6.80 5.54 3.25 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.58 735.23 169.98 136.55 711.07 172.82 241.74 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.11 679.11 166.91 132.41 679.05 151.73 215.19 Major Exporters 4/ 29.26 223.06 7.57 65.67 150.85 82.54 26.50 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.67 7.87 22.13 5.17 European Union 5/ 12.70 160.00 6.92 59.00 129.85 34.69 15.08 Major Importers 6/ 113.09 204.29 92.33 27.61 263.48 6.45 139.78 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.63 18.80 19.18 4.60 37.17 0.55 13.88 N. Africa 8/ 13.20 19.91 27.78 2.28 43.65 0.71 16.54 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.62 117.96 7.39 26.74 77.79 51.48 16.70 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3.25 13.75 0.07 2.10 6.90 7.60 2.56 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 240.29 751.07 176.63 148.32 741.42 181.02 249.94 Apr 241.74 751.36 176.17 146.51 740.84 180.68 252.26 United States Mar 26.55 62.86 3.13 6.12 33.91 27.90 30.73 Apr 26.55 62.86 2.99 5.17 32.96 27.90 31.55 Total Foreign Mar 213.74 688.22 173.50 142.20 707.51 153.12 219.21 Apr 215.19 688.50 173.18 141.34 707.88 152.78 220.71 Major Exporters 4/ Mar 25.41 227.36 6.14 67.60 153.06 81.60 24.25 Apr 26.50 227.36 6.14 66.60 153.36 81.60 25.04 Argentina Mar 0.62 16.00 0.01 0.10 6.20 10.10 0.32 Apr 0.62 16.00 0.01 0.10 6.20 10.10 0.32 Australia Mar 5.64 35.00 0.15 4.50 7.96 25.50 7.33 Apr 5.64 35.00 0.15 4.50 7.96 25.00 7.83 Canada Mar 5.17 31.70 0.49 5.00 10.20 20.50 6.66 Apr 5.17 31.70 0.49 5.00 10.20 20.00 7.16 European Union 5/ Mar 13.99 144.66 5.50 58.00 128.70 25.50 9.94 Apr 15.08 144.66 5.50 57.00 129.00 26.50 9.74 Major Importers 6/ Mar 139.62 199.04 92.76 34.17 275.27 7.29 148.86 Apr 139.78 199.36 92.63 34.43 275.45 6.89 149.43 Brazil Mar 1.60 6.73 6.70 0.70 11.50 1.60 1.93 Apr 1.60 6.73 6.70 0.70 11.50 1.40 2.13 China Mar 97.04 128.85 4.00 16.00 118.00 0.80 111.09 Apr 97.04 128.85 4.00 16.00 118.00 0.80 111.09 Sel. Mideast 7/ Mar 13.72 19.41 17.73 4.61 38.69 0.55 11.63 Apr 13.88 19.41 17.70 4.67 38.71 0.55 11.74 N. Africa 8/ Mar 16.54 14.13 28.60 2.28 44.68 0.66 13.94 Apr 16.54 14.13 28.30 2.28 44.68 0.66 13.64 Pakistan Mar 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Apr 3.83 25.60 0.03 0.80 24.50 0.70 4.25 Southeast Asia 9/ Mar 5.09 0.00 25.00 8.79 24.21 1.02 4.87 Apr 5.09 0.00 24.80 8.79 24.17 1.02 4.71 Selected Other India Mar 14.54 87.00 5.50 4.50 98.14 0.40 8.50 Apr 14.54 87.00 6.00 4.70 98.34 0.40 8.80 FSU-12 Mar 16.67 130.22 7.52 27.89 79.26 53.52 21.63 Apr 16.70 130.24 7.55 27.45 78.72 53.37 22.41 Russia Mar 5.60 72.50 0.50 16.00 39.00 28.50 11.10 Apr 5.60 72.53 0.50 16.00 39.00 28.00 11.63 Kazakhstan Mar 2.56 14.99 0.06 2.10 6.90 7.50 3.20 Apr 2.56 14.99 0.09 2.10 6.90 7.00 3.73 Ukraine Mar 3.25 26.80 0.03 4.40 11.30 16.50 2.27 Apr 3.35 26.80 0.03 4.00 10.80 17.30 2.07 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 211.07 1,307.96 170.13 751.79 1,272.09 186.14 246.94 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.75 930.73 166.69 613.18 960.75 129.44 199.99 Major Exporters 4/ 25.53 170.16 4.70 82.70 112.73 67.56 20.09 Argentina 3.17 36.78 0.00 9.07 14.23 21.45 4.27 Australia 1.04 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.64 109.97 264.50 346.43 15.95 49.05 European Union 6/ 15.57 170.67 9.24 121.38 162.56 13.99 18.92 Japan 1.74 0.17 16.73 12.91 16.87 0.00 1.77 Mexico 3.49 32.69 11.62 24.50 42.18 0.79 4.83 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.02 91.82 0.82 42.22 58.30 33.86 7.49 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 246.94 1,251.09 181.34 764.34 1,250.73 163.93 247.30 United States 46.95 367.01 3.93 135.72 312.70 57.07 48.11 Total Foreign 199.99 884.08 177.41 628.62 938.02 106.85 199.19 Major Exporters 4/ 20.09 153.80 7.96 84.03 113.44 51.80 16.62 Argentina 4.27 37.94 0.01 9.31 14.27 25.33 2.62 Australia 1.53 12.44 0.00 4.19 5.87 7.04 1.06 Brazil 8.21 69.13 3.97 50.84 60.19 14.03 7.09 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.05 245.44 124.06 271.19 353.73 15.72 49.11 European Union 6/ 18.92 151.73 14.24 115.99 156.91 13.11 14.87 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.40 14.95 26.72 44.72 1.56 5.91 N. Afr & Mideast 7/ 14.54 32.95 32.84 56.60 64.95 0.11 15.27 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.50 27.56 15.20 32.96 40.97 0.93 4.37 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.82 17.50 166.95 239.17 0.03 112.16 FSU-12 7.49 82.55 0.53 39.70 54.78 31.25 4.55 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.34 13.87 21.19 1.67 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 246.05 1,341.70 174.30 796.54 1,332.74 190.53 255.01 Apr 247.30 1,346.08 174.16 797.06 1,335.38 191.39 258.00 United States Mar 48.11 402.60 3.62 147.60 329.10 62.39 62.83 Apr 48.11 402.60 3.62 146.19 328.96 62.39 62.98 Total Foreign Mar 197.94 939.10 170.69 648.94 1,003.64 128.14 192.18 Apr 199.19 943.48 170.54 650.88 1,006.42 129.00 195.02 Major Exporters 4/ Mar 16.69 196.62 2.23 87.88 119.10 74.59 21.85 Apr 16.62 200.03 2.23 88.58 119.80 76.09 22.98 Argentina Mar 2.62 45.18 0.01 10.22 15.79 28.21 3.80 Apr 2.62 46.18 0.01 10.42 15.99 28.71 4.10 Australia Mar 1.06 16.63 0.00 4.54 6.31 8.88 2.51 Apr 1.06 16.63 0.00 4.54 6.31 8.88 2.51 Brazil Mar 6.87 94.02 0.80 52.57 62.48 31.03 8.18 Apr 7.09 96.02 0.80 53.07 62.98 32.03 8.90 Canada Mar 4.67 25.63 1.09 14.64 22.10 4.45 4.84 Apr 4.67 25.63 1.09 14.64 22.10 4.45 4.84 Major Importers 5/ Mar 49.11 240.37 125.48 279.05 361.38 10.09 43.50 Apr 49.11 242.47 125.76 280.96 363.29 9.53 44.52 European Union 6/ Mar 14.87 152.17 13.66 119.16 159.58 8.23 12.88 Apr 14.87 152.17 13.63 119.86 160.28 7.68 12.70 Japan Mar 1.72 0.17 16.87 13.19 17.18 0.00 1.58 Apr 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico Mar 5.91 32.33 14.78 27.32 45.92 0.80 6.29 Apr 5.91 33.23 15.78 28.22 47.02 0.80 7.09 N. Afr & Mideast 7/ Mar 15.30 26.72 36.57 57.50 65.54 0.12 12.93 Apr 15.27 26.72 36.57 57.51 65.55 0.12 12.89 Saudi Arabia Mar 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Apr 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ Mar 4.37 28.36 14.32 35.16 43.17 0.94 2.94 Apr 4.37 29.54 13.62 35.46 43.27 0.93 3.33 South Korea Mar 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Apr 1.95 0.20 9.89 7.64 10.11 0.00 1.92 Selected Other China Mar 112.16 227.85 13.10 171.20 249.75 0.04 103.33 Apr 112.16 227.85 13.10 171.20 249.75 0.04 103.33 FSU-12 Mar 4.21 93.12 0.66 41.90 57.28 34.34 6.37 Apr 4.55 92.97 0.66 41.60 56.98 34.32 6.87 Russia Mar 1.33 40.92 0.11 21.48 31.03 8.94 2.39 Apr 1.33 40.77 0.11 21.28 30.83 8.72 2.66 Ukraine Mar 1.67 39.21 0.06 10.83 14.40 23.91 2.63 Apr 1.67 39.21 0.06 10.63 14.20 24.11 2.63 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 174.80 1,016.03 125.17 584.70 981.01 142.20 209.82 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.50 654.94 124.36 450.60 679.22 94.78 165.85 Major Exporters 4/ 17.58 125.38 2.30 60.15 77.95 54.12 13.19 Argentina 1.41 29.75 0.00 6.00 9.30 18.96 2.90 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.04 69.56 142.24 193.81 5.88 22.95 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.73 8.91 59.50 77.88 4.03 9.63 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.34 17.80 34.55 0.78 4.09 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.39 43.95 0.51 18.91 21.64 23.18 3.04 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 209.82 963.32 139.68 599.42 961.31 120.02 211.83 United States 43.97 345.51 1.71 130.05 298.87 48.20 44.12 Total Foreign 165.85 617.82 137.96 469.36 662.44 71.82 167.71 Major Exporters 4/ 13.19 104.21 5.73 60.55 77.85 36.50 8.78 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.30 5.70 11.20 0.80 0.96 Major Importers 5/ 22.95 118.04 81.72 144.20 195.95 4.45 22.31 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.21 European Union 6/ 9.63 58.41 13.77 55.00 73.20 1.95 6.66 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.49 27.51 15.19 32.90 40.90 0.93 4.36 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.04 39.87 0.38 17.83 20.44 21.42 1.43 Ukraine 1.82 23.33 0.03 6.70 8.00 16.60 0.59 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 210.87 1,049.24 137.19 630.24 1,039.43 152.92 220.68 Apr 211.83 1,053.76 137.04 630.67 1,042.61 154.41 222.98 United States Mar 44.12 384.78 1.40 140.98 314.85 56.52 58.93 Apr 44.12 384.78 1.40 139.71 314.85 56.52 58.93 Total Foreign Mar 166.75 664.46 135.79 489.27 724.59 96.40 161.75 Apr 167.71 668.98 135.64 490.97 727.77 97.89 164.04 Major Exporters 4/ Mar 8.86 143.60 0.41 63.10 81.70 58.50 12.66 Apr 8.78 147.00 0.41 63.80 82.40 60.00 13.79 Argentina Mar 1.05 37.50 0.01 6.80 10.50 25.50 2.56 Apr 1.05 38.50 0.01 7.00 10.70 26.00 2.86 Brazil Mar 6.54 91.50 0.30 50.50 59.50 31.00 7.84 Apr 6.77 93.50 0.30 51.00 60.00 32.00 8.57 South Africa Mar 1.26 14.60 0.10 5.80 11.70 2.00 2.26 Apr 0.96 15.00 0.10 5.80 11.70 2.00 2.36 Major Importers 5/ Mar 22.31 120.76 79.60 147.75 199.48 3.74 19.45 Apr 22.31 122.94 79.90 149.05 200.78 3.73 20.65 Egypt Mar 2.21 6.00 9.00 12.70 15.10 0.01 2.10 Apr 2.21 6.00 9.00 12.70 15.10 0.01 2.10 European Union 6/ Mar 6.66 60.30 13.10 55.40 73.00 2.00 5.05 Apr 6.66 60.30 13.10 55.40 73.00 2.00 5.05 Japan Mar 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Apr 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico Mar 5.21 26.00 13.80 21.00 38.60 0.80 5.61 Apr 5.21 27.00 14.80 22.00 39.80 0.80 6.41 Southeast Asia 7/ Mar 4.36 28.31 14.30 35.10 43.10 0.93 2.94 Apr 4.36 29.49 13.60 35.40 43.20 0.92 3.33 South Korea Mar 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Apr 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Mar 2.24 13.20 1.00 7.50 12.90 1.00 2.54 Apr 2.24 13.20 1.00 7.50 12.90 1.00 2.54 China Mar 110.77 219.55 3.00 161.00 231.00 0.02 102.31 Apr 110.77 219.55 3.00 161.00 231.00 0.02 102.31 FSU-12 Mar 1.43 47.62 0.42 19.19 21.97 24.40 3.11 Apr 1.43 47.43 0.42 19.19 21.97 24.40 2.92 Ukraine Mar 0.59 28.00 0.05 7.00 8.40 18.70 1.54 Apr 0.59 28.00 0.05 7.00 8.40 18.70 1.54 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2017 WASDE - 564 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 113.87 478.55 41.12 477.49 43.58 114.93 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.85 471.45 40.34 473.19 40.52 113.38 Major Exporters 4/ 36.78 159.30 0.73 132.84 32.42 31.54 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.00 9.78 11.27 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.05 13.59 77.05 1.23 10.83 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.95 1.71 3.40 0.27 1.15 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 5.99 0.00 1.41 Selected Other 0.00 Burma 0.37 12.60 0.01 10.70 1.74 0.55 C. Amer & Carib 8/ 0.47 1.69 1.56 3.25 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 114.93 472.25 37.74 471.04 40.37 116.14 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.38 466.12 36.97 467.49 36.95 114.67 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.83 62.90 12.17 76.21 0.95 8.75 Brazil 0.64 7.21 0.84 7.85 0.60 0.24 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.41 1.89 3.25 5.68 0.00 0.88 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.95 3.47 0.03 0.54 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2017 WASDE - 564 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 116.15 480.35 37.95 478.84 41.23 117.65 Apr 116.14 481.14 37.70 479.19 41.05 118.09 United States Mar 1.48 7.12 0.75 4.19 3.49 1.66 Apr 1.48 7.12 0.75 4.19 3.59 1.56 Total Foreign Mar 114.67 473.23 37.21 474.65 37.74 116.00 Apr 114.67 474.03 36.95 475.00 37.46 116.53 Major Exporters 4/ Mar 29.14 159.54 0.56 132.75 29.80 26.69 Apr 29.18 159.76 0.56 132.90 29.60 27.00 India Mar 18.40 106.50 0.00 97.00 10.00 17.90 Apr 18.40 106.50 0.00 97.00 10.00 17.90 Pakistan Mar 1.02 6.64 0.01 2.75 4.20 0.72 Apr 0.92 6.80 0.01 2.90 4.00 0.83 Thailand Mar 8.40 18.60 0.25 10.30 10.00 6.95 Apr 8.40 18.60 0.25 10.30 10.00 6.95 Vietnam Mar 1.32 27.80 0.30 22.70 5.60 1.12 Apr 1.46 27.86 0.30 22.70 5.60 1.32 Major Importers 5/ Mar 8.65 64.89 11.50 76.07 1.06 7.91 Apr 8.75 65.53 11.05 76.25 1.13 7.95 Brazil Mar 0.24 8.07 0.60 7.90 0.70 0.31 Apr 0.24 8.16 0.60 7.90 0.75 0.35 European Union 6/ Mar 1.18 2.05 1.85 3.65 0.28 1.15 Apr 1.18 2.05 1.85 3.65 0.28 1.15 Indonesia Mar 3.51 36.60 0.80 37.30 0.00 3.61 Apr 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria Mar 0.60 2.70 2.00 5.00 0.00 0.30 Apr 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Mar 1.81 11.50 1.00 12.90 0.00 1.41 Apr 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ Mar 0.78 2.02 3.60 5.78 0.00 0.62 Apr 0.88 2.02 3.45 5.65 0.00 0.70 Selected Other Burma Mar 0.78 12.50 0.00 11.00 1.50 0.78 Apr 0.69 12.40 0.01 10.85 1.50 0.75 C. Amer & Carib 8/ Mar 0.53 1.70 1.79 3.53 0.02 0.46 Apr 0.54 1.70 1.80 3.51 0.03 0.49 China Mar 63.74 144.85 5.00 144.00 0.50 69.09 Apr 63.74 144.85 5.00 144.00 0.50 69.09 Egypt Mar 0.92 4.55 0.15 4.10 0.30 1.23 Apr 0.92 4.55 0.15 4.10 0.10 1.43 Japan Mar 2.62 7.79 0.69 8.50 0.09 2.51 Apr 2.53 7.78 0.69 8.55 0.08 2.37 Mexico Mar 0.13 0.19 0.75 0.89 0.00 0.18 Apr 0.13 0.19 0.75 0.89 0.00 0.18 South Korea Mar 1.83 4.20 0.41 4.70 0.00 1.74 Apr 1.83 4.20 0.41 4.70 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ S elected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2017 WASDE - 564 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2014/15 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 103.31 119.19 36.07 111.41 35.30 0.11 111.74 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.96 102.87 36.05 107.84 24.05 -0.10 108.09 Major Exporters 4/ 28.43 52.72 1.74 32.32 20.53 -0.28 30.33 Central Asia 5/ 3.76 6.29 3/ 2.37 4.67 0.00 3.01 Afr. Fr. Zone 6/ 1.46 5.09 3/ 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.29 11.35 Australia 1.81 2.30 3/ 0.04 2.40 -0.15 1.82 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 32.27 71.16 2.63 0.17 75.90 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3/ 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.75 5.80 0.00 0.01 1.33 Vietnam 0.50 3/ 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 111.74 96.71 35.19 111.24 35.29 0.04 97.08 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.09 83.83 35.16 107.79 26.14 -0.13 93.28 Major Exporters 4/ 30.33 47.03 1.77 31.67 23.02 -0.27 24.71 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.20 4.18 3/ 0.14 4.86 0.00 1.37 S. Hemis 7/ 11.35 9.97 0.25 4.11 7.69 -0.28 10.06 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.97 31.10 71.95 2.07 0.14 66.81 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.05 0.25 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2017 WASDE - 564 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 97.09 105.72 35.96 112.43 35.95 -0.10 90.48 Apr 97.08 106.30 36.10 112.59 36.10 -0.12 90.91 United States Mar 3.80 17.23 0.01 3.30 13.20 0.04 4.50 Apr 3.80 17.23 0.01 3.30 14.00 0.04 3.70 Total Foreign Mar 93.29 88.49 35.95 109.13 22.75 -0.14 85.98 Apr 93.28 89.07 36.09 109.29 22.10 -0.16 87.21 filler filler filler filler filler filler filler Major Exporters 4/ Mar 24.71 50.15 3.09 31.15 19.86 -0.28 27.21 Apr 24.71 50.43 3.21 31.30 19.09 -0.28 28.23 Central Asia 5/ Mar 2.19 5.74 3/ 2.39 3.09 0.00 2.46 Apr 2.09 5.82 3/ 2.54 2.89 0.00 2.48 Afr. Fr. Zone 6/ Mar 1.37 4.91 3/ 0.14 4.52 0.00 1.61 Apr 1.37 4.95 3/ 0.14 4.55 0.00 1.63 S. Hemis 7/ Mar 9.96 12.12 0.36 4.21 7.50 -0.29 11.03 Apr 10.06 12.29 0.39 4.21 7.41 -0.29 11.41 Australia Mar 1.93 4.50 3/ 0.04 4.10 -0.15 2.45 Apr 1.93 4.40 3/ 0.04 3.90 -0.15 2.55 Brazil Mar 6.16 6.50 0.20 3.20 2.80 -0.15 7.01 Apr 6.26 6.70 0.23 3.20 2.90 -0.15 7.23 India Mar 10.94 27.00 2.20 23.75 4.50 0.00 11.89 Apr 10.94 27.00 2.30 23.75 4.00 0.00 12.49 filler filler filler filler filler filler filler Major Importers 8/ Mar 66.84 35.49 30.56 73.79 1.81 0.14 57.15 Apr 66.81 35.79 30.61 73.82 1.91 0.11 57.36 Mexico Mar 0.57 0.73 1.08 1.73 0.10 0.03 0.52 Apr 0.57 0.73 1.08 1.73 0.10 0.03 0.52 China Mar 58.20 22.50 4.50 36.25 0.05 0.00 48.90 Apr 58.20 22.75 4.50 36.25 0.05 0.00 49.15 European Union 9/ Mar 0.26 1.23 0.78 0.79 1.18 0.05 0.25 Apr 0.25 1.28 0.75 0.77 1.28 0.03 0.21 Turkey Mar 1.58 3.20 3.25 6.30 0.33 0.00 1.41 Apr 1.58 3.20 3.25 6.30 0.28 0.00 1.46 Pakistan Mar 2.62 7.70 2.60 10.20 0.15 0.03 2.54 Apr 2.62 7.70 2.70 10.30 0.20 0.03 2.49 Indonesia Mar 0.53 0.01 3.10 3.05 0.01 0.00 0.58 Apr 0.53 0.01 3.20 3.10 0.01 0.00 0.63 Thailand Mar 0.22 3/ 1.20 1.18 0.00 0.03 0.22 Apr 0.20 3/ 1.30 1.28 0.00 0.03 0.20 Bangladesh Mar 1.54 0.12 6.40 6.70 0.00 0.01 1.35 Apr 1.54 0.12 6.20 6.50 0.00 0.01 1.35 Vietnam Mar 0.78 3/ 5.40 5.30 0.00 0.00 0.88 Apr 0.78 3/ 5.40 5.30 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2017 WASDE - 564 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 61.65 319.60 124.36 264.07 301.85 126.22 77.53 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.14 212.72 123.46 213.09 246.90 76.08 72.34 Major Exporters 3/ 41.26 169.86 0.32 84.19 91.77 68.79 50.89 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 15.82 97.20 0.31 40.44 43.79 50.61 18.93 Paraguay 0.03 8.15 0.01 3.65 3.69 4.49 0.02 Major Importers 4/ 15.22 15.39 105.97 98.08 117.61 0.29 18.68 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.91 14.00 15.57 0.12 0.68 Japan 0.25 0.23 3.00 2.15 3.28 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.53 313.02 133.40 275.44 314.59 132.24 77.13 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.34 206.17 132.76 224.11 259.95 79.55 71.77 Major Exporters 3/ 50.89 164.73 1.12 86.88 94.73 71.71 50.29 Argentina 31.92 56.80 0.68 43.23 47.52 9.92 31.95 Brazil 18.93 96.50 0.41 39.90 43.40 54.38 18.05 Paraguay 0.02 9.22 0.01 3.60 3.64 5.31 0.29 Major Importers 4/ 18.68 15.41 113.36 106.89 127.91 0.32 19.22 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.26 15.01 15.20 16.83 0.14 0.97 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Mar 76.59 340.79 138.25 291.55 331.70 141.10 82.82 Apr 77.13 345.97 140.05 291.95 332.42 143.30 87.41 United States Mar 5.35 117.21 0.68 52.80 56.29 55.11 11.84 Apr 5.35 117.21 0.68 52.80 56.01 55.11 12.12 Total Foreign Mar 71.24 223.58 137.57 238.75 275.41 85.99 70.98 Apr 71.77 228.76 139.37 239.15 276.42 88.19 75.29 Major Exporters 3/ Mar 50.19 175.37 1.37 90.30 98.41 77.87 50.65 Apr 50.29 180.40 1.72 90.90 98.96 80.07 53.38 Argentina Mar 31.95 55.50 1.00 45.30 49.75 9.00 29.70 Apr 31.95 56.00 1.20 45.30 49.75 9.00 30.40 Brazil Mar 18.05 108.00 0.35 41.00 44.60 61.00 20.80 Apr 18.05 111.00 0.50 41.50 45.05 61.90 22.60 Paraguay Mar 0.19 9.17 0.01 3.80 3.84 5.40 0.13 Apr 0.29 10.10 0.01 3.90 3.94 6.20 0.26 Major Importers 4/ Mar 18.97 16.80 115.99 112.48 134.18 0.33 17.26 Apr 19.22 16.82 117.89 112.78 135.04 0.38 18.50 China Mar 16.91 12.90 87.00 86.50 101.10 0.15 15.56 Apr 16.91 12.90 88.00 86.50 101.10 0.15 16.56 European Union Mar 1.12 2.39 13.80 14.70 16.29 0.15 0.87 Apr 0.97 2.39 14.60 15.30 16.94 0.20 0.82 Japan Mar 0.26 0.24 3.10 2.20 3.36 0.00 0.24 Apr 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico Mar 0.08 0.49 4.20 4.65 4.70 0.00 0.07 Apr 0.08 0.51 4.20 4.65 4.70 0.00 0.09 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). April 2017 WASDE - 564 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 10.55 207.98 60.88 201.74 64.46 13.21 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.33 167.10 60.57 172.46 52.57 12.97 Major Exporters 3/ 6.96 68.39 0.03 22.60 44.49 8.29 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.41 6.16 0.01 4.50 1.52 0.55 Major Importers 4/ 1.54 15.18 36.41 50.25 0.70 2.17 European Union 0.25 11.06 19.62 29.89 0.36 0.68 Southeast Asia 5/ 1.19 2.49 15.08 17.00 0.34 1.43 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.21 216.13 62.06 214.34 65.35 11.71 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 12.97 175.61 61.69 184.31 54.50 11.47 Major Exporters 3/ 8.29 68.73 0.07 23.59 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.17 16.60 36.64 53.14 0.51 1.76 European Union 0.68 12.01 19.21 31.14 0.30 0.46 Southeast Asia 5/ 1.43 2.87 15.71 18.54 0.21 1.26 2016/17 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Mar 11.65 228.45 64.43 225.07 68.29 11.17 Apr 11.71 228.79 63.64 224.66 67.45 12.02 United States Mar 0.24 41.38 0.30 31.12 10.52 0.27 Apr 0.24 41.36 0.32 30.84 10.80 0.27 Total Foreign Mar 11.41 187.07 64.14 193.95 57.76 10.90 Apr 11.47 187.43 63.32 193.82 56.65 11.75 Major Exporters 3/ Mar 7.36 73.70 0.03 24.74 49.40 6.95 Apr 7.36 74.12 0.03 25.05 48.70 7.76 Argentina Mar 4.23 34.78 0.00 2.79 32.40 3.83 Apr 4.23 34.80 0.00 2.80 32.00 4.23 Brazil Mar 3.01 31.72 0.02 16.75 15.20 2.80 Apr 3.01 32.12 0.02 16.85 15.20 3.10 India Mar 0.12 7.20 0.01 5.20 1.80 0.33 Apr 0.12 7.20 0.01 5.40 1.50 0.43 Major Importers 4/ Mar 1.61 16.69 39.08 55.05 0.69 1.65 Apr 1.76 16.95 38.28 54.68 0.59 1.72 European Union Mar 0.37 11.61 20.25 31.54 0.30 0.40 Apr 0.46 12.09 19.50 31.44 0.30 0.30 Southeast Asia 5/ Mar 1.19 3.42 17.03 20.09 0.39 1.16 Apr 1.26 3.12 16.98 19.69 0.29 1.37 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. April 2017 WASDE - 564 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.81 49.20 10.04 47.88 11.09 4.07 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.28 39.49 9.92 39.28 10.18 3.23 Major Exporters 3/ 0.91 18.11 0.29 10.73 7.61 0.96 Argentina 0.15 7.69 0.02 2.40 5.09 0.37 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.38 2.66 0.25 2.07 1.01 0.21 Major Importers 4/ 1.54 15.20 5.26 20.35 0.18 1.47 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.42 1.39 2.82 4.10 0.00 0.52 North Africa 5/ 0.16 0.46 1.67 2.05 0.07 0.17 2015/16 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 4.07 51.62 11.63 52.06 11.69 3.58 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.23 41.67 11.50 42.91 10.67 2.81 Major Exporters 3/ 0.96 18.98 0.39 11.40 8.16 0.77 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.47 15.95 6.85 22.89 0.16 1.22 China 0.78 14.57 0.59 15.30 0.10 0.54 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.17 0.33 2.00 2.29 0.06 0.15 2016/17 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Mar 3.85 54.47 11.09 53.87 11.74 3.80 Apr 3.58 54.56 11.03 53.84 11.61 3.71 United States Mar 0.77 10.23 0.15 9.32 1.02 0.80 Apr 0.77 10.23 0.15 9.16 1.02 0.96 Total Foreign Mar 3.08 44.24 10.94 44.55 10.72 3.00 Apr 2.81 44.32 10.88 44.68 10.59 2.75 Major Exporters 3/ Mar 0.97 19.37 0.29 11.56 8.05 1.02 Apr 0.77 19.62 0.31 11.94 7.90 0.86 Argentina Mar 0.33 8.73 0.00 2.97 5.65 0.44 Apr 0.27 8.75 0.00 3.10 5.55 0.37 Brazil Mar 0.29 7.85 0.04 6.42 1.45 0.31 Apr 0.29 7.96 0.06 6.53 1.45 0.33 European Union Mar 0.35 2.79 0.25 2.17 0.95 0.27 Apr 0.21 2.91 0.25 2.31 0.90 0.16 Major Importers 4/ Mar 1.22 17.68 6.13 23.69 0.19 1.15 Apr 1.22 17.68 6.13 23.71 0.19 1.13 China Mar 0.54 15.50 0.62 16.00 0.11 0.55 Apr 0.54 15.50 0.62 16.00 0.11 0.55 India Mar 0.53 1.62 3.80 5.50 0.00 0.45 Apr 0.53 1.62 3.80 5.50 0.00 0.45 North Africa 5/ Mar 0.15 0.56 1.71 2.19 0.08 0.15 Apr 0.15 0.56 1.71 2.21 0.08 0.13 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. April 2017 WASDE - 564 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2015 Annual 23,698 24,501 48,432 40,048 5,627 46,198 94,630 8,053 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,831 2,073 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,111 54.3 III 6,468 6,099 12,621 10,338 1,515 11,997 24,618 2,161 52.6 IV 6,623 6,647 13,327 10,065 1,511 11,708 25,035 2,220 52.5 Annual Mar Est. 25,212 24,939 50,377 40,695 5,981 47,225 97,601 8,565 212.4 Apr Est. 25,212 24,939 50,377 40,695 5,981 47,225 97,601 8,565 212.4 2017 I 6,340 6,400 12,794 10,225 1,475 11,830 24,624 2,185 53.7 II* 6,640 6,270 12,966 10,450 1,535 12,123 25,089 2,165 55.7 III* 6,870 6,410 13,335 10,500 1,525 12,167 25,502 2,190 53.9 IV* 6,650 7,015 13,723 10,350 1,575 12,065 25,788 2,235 53.9 Annual Mar Proj. 26,250 26,105 52,579 41,525 6,085 48,160 100,739 8,780 217.5 Apr Proj. 26,500 26,095 52,818 41,525 6,110 48,185 101,003 8,775 217.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2015 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual Mar Est. 120.86 46.16 84.3 117.1 85.7 16.24 Apr Est. 120.86 46.16 84.3 117.1 85.7 16.24 2017 I 122.96 49.73 88.5 100.4 80.0 18.35 -18.45 II* 117-121 45-47 91-95 102-106 83-87 16.20 -16.60 III* 111-119 43-47 83-89 104-112 89-95 17.15 -17.85 IV* 110-120 36-38 81-87 109-119 101-109 17.70 -18.70 Annual Mar Proj. 114-121 43-46 83-89 103-110 88-93 17.80 -18.40 Apr Proj. 115-121 43-45 86-90 104-109 88-93 17.40 -17.90 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. April 2017 WASDE - 564 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 54.0 2016 Est. Mar 683 25,276 3,016 28,975 2,550 757 25,668 55.6 Apr 683 25,276 3,016 28,975 2,550 757 25,668 55.6 2017 Proj. Mar 757 26,314 2,735 29,806 2,725 600 26,481 56.8 Apr 757 26,564 2,745 30,066 2,725 700 26,641 57.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.8 2016 Est. Mar 590 24,954 1,092 26,636 5,233 507 20,896 50.1 Apr 590 24,954 1,092 26,636 5,233 507 20,896 50.1 2017 Proj. Mar 507 26,121 1,045 27,673 5,670 635 21,368 50.8 Apr 507 26,111 1,045 27,663 5,670 635 21,358 50.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 105.0 2016 Est. Mar 1,320 50,466 4,324 56,110 7,788 1,304 47,018 106.9 Apr 1,320 50,466 4,324 56,110 7,788 1,304 47,018 106.9 2017 Proj. Mar 1,304 52,669 3,997 57,970 8,403 1,270 48,297 108.8 Apr 1,304 52,908 4,017 58,229 8,403 1,370 48,456 109.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 89.0 2016 Est. Mar 832 40,260 131 41,223 6,647 778 33,798 89.8 Apr 832 40,260 131 41,223 6,647 778 33,798 89.8 2017 Proj. Mar 778 41,081 140 41,999 6,925 745 34,329 90.4 Apr 778 41,081 140 41,999 6,925 745 34,329 90.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Est. Mar 201 5,981 50 6,232 568 279 5,386 16.7 Apr 201 5,981 50 6,232 568 279 5,386 16.7 2017 Proj. Mar 279 6,085 40 6,404 630 300 5,474 16.8 Apr 279 6,110 40 6,429 625 250 5,554 17.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.2 2016 Est. Mar 1,041 46,789 184 48,014 7,369 1,065 39,581 107.7 Apr 1,041 46,789 184 48,014 7,369 1,065 39,581 107.7 2017 Proj. Mar 1,065 47,715 183 48,963 7,695 1,053 40,215 108.4 Apr 1,065 47,740 183 48,988 7,690 1,003 40,295 108.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 211.1 2016 Est. Mar 2,361 97,255 4,508 104,125 15,157 2,369 86,599 214.6 Apr 2,361 97,255 4,508 104,125 15,157 2,369 86,599 214.6 2017 Proj. Mar 2,369 100,384 4,180 106,933 16,098 2,323 88,512 217.2 Apr 2,369 100,648 4,200 107,217 16,093 2,373 88,751 217.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2017 WASDE - 564 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.1 27.1 Production 8,432.8 8,053.0 8,565.0 8,565.0 8,780.0 8,775.0 Imports 34.7 123.5 122.1 122.1 60.0 60.0 Total Supply 8,490.5 8,199.8 8,718.2 8,718.2 8,867.1 8,862.1 Use Exports 378.5 313.6 279.2 279.2 305.0 300.0 Hatching Use 980.6 995.6 1,009.0 1,009.6 1,035.0 1,035.0 Ending Stocks 23.3 31.1 27.1 27.1 27.0 27.0 Disappearance Total 7,108.0 6,859.4 7,402.9 7,402.3 7,500.1 7,500.1 Per Capita (number) 267.5 256.3 274.7 274.7 275.8 275.8 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 206.1 208.6 212.4 212.4 217.5 217.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 14.0 14.0 Marketings 205.1 207.6 211.5 211.5 216.5 216.3 Imports 4.3 5.7 7.0 7.0 6.6 6.3 Total Cml. Supply 220.6 224.6 231.8 231.8 237.2 236.6 Fat Basis Use Commercial Exports 12.4 8.8 9.2 9.2 8.3 8.2 Ending Commercial Stocks 11.2 13.3 14.0 14.0 14.3 14.4 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 208.6 208.6 214.6 214.0 Skim -solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 14.7 14.7 Marketings 205.1 207.6 211.5 211.5 216.5 216.3 Imports 5.6 6.0 6.5 6.5 6.2 6.4 Total Cml. Supply 222.4 226.7 231.9 231.9 237.4 237.4 Skim -solid Basis Use Commercial Exports 39.0 37.3 38.9 38.9 39.8 39.9 Ending Commercial Stocks 13.1 13.9 14.7 14.7 14.5 14.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 178.3 178.3 183.1 182.9 Total Note: Totals may not add due to rounding. April 2017 WASDE - 564 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Est. 2016 Est. 2017 Proj. 2017 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 2.1551 1.6454 1.6050 1.6050 1.645 - 1.705 1.600 - 1.650 Butter 2.1361 2.0670 2.0777 2.0777 2.120 - 2.210 2.120 - 2.200 Nonfat Dry Milk 1.7682 0.9016 0.8292 0.8292 0.925 - 0.975 0.865 - 0.905 Dry Whey 0.6538 0.3804 0.2875 0.2875 0.495 - 0.525 0.490 - 0.520 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 22.34 15.80 14.87 14.87 16.60 - 17.20 16.10 - 16.60 Class IV 22.09 14.35 13.77 13.77 14.85 - 15.55 14.30 - 14.90 All Milk 3/ 23.97 17.12 16.24 16.24 17.80 - 18.40 17.40 - 17.90 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2017 WASDE - 564 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between the April proje ction and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 23 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 23 12 U.S. 0.2 0.3 0.1 0.0 0.3 15 9 Foreign 0.6 1.0 2.0 0.2 6.8 23 12 Exports World 4.0 6.9 4.2 0.4 14.3 28 7 U.S. 2.6 4.4 0.6 0.0 2.1 15 19 Foreign 5.2 8.9 4.3 0.3 13.3 28 7 Domestic Use World 0.8 1.3 3.7 0.1 9.4 16 19 U.S. 3.3 5.5 0.8 0.0 2.2 14 21 Foreign 0.8 1.3 3.4 0.0 9.6 16 19 Ending Stocks World 3.3 5.6 3.9 0.0 14.5 24 10 U.S. 8.6 14.6 1.0 0.0 4.1 23 12 Foreign 3.6 6.2 3.4 0.0 12.6 25 9 COARSE GRAINS 2/ Production World 0.9 1.6 7.6 0.3 19.2 28 7 U.S. 0.2 0.3 0.1 0.0 1.3 15 7 Foreign 1.3 2.2 7.6 0.3 19.2 28 7 Exports World 4.7 8.0 4.5 0.1 21.8 25 10 U.S. 6.7 11.4 2.7 0.0 7.2 19 16 Foreign 7.4 12.6 4.1 0.3 21.2 27 8 Domestic Use World 0.8 1.4 5.3 0.0 20.0 14 21 U.S. 2.4 4.1 3.3 0.1 16.8 13 22 Foreign 0.9 1.6 4.9 0.2 17.3 20 15 Ending Stocks World 7.8 13.3 9.6 0.2 27.0 30 5 U.S. 11.7 19.8 3.9 0.1 12.1 18 17 Foreign 10.3 17.5 7.7 0.5 24.2 29 6 RICE, milled Production World 1.3 2.2 3.3 0.2 13.3 29 6 U.S. 1.4 2.4 0.0 0.0 0.2 11 5 Foreign 1.3 2.3 3.3 0.1 13.3 29 6 Exports World 8.1 13.7 1.4 0.1 4.5 28 7 U.S. 6.4 10.8 0.1 0.0 0.5 16 16 Foreign 9.0 15.3 1.3 0.0 4.4 28 7 Domestic Use World 1.1 1.9 2.9 0.1 13.7 25 10 U.S. 7.0 12.0 0.2 0.0 0.5 12 22 Foreign 1.1 1.9 2.9 0.2 13.4 25 10 Ending Stocks World 8.1 13.7 3.6 0.1 26.1 24 11 U.S. 19.3 32.7 0.2 0.0 0.4 22 13 Foreign 8.4 14.3 3.6 0.1 26.1 23 12 1/ Footnotes at end of table. CONTINUED April 2017 WASDE - 564 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.4 0.2 7.9 20 15 U.S. 1.4 2.3 0.6 0.0 2.5 15 13 Foreign 2.8 4.8 2.3 0.0 8.1 21 14 Exports World 5.1 8.7 2.3 0.1 10.3 22 13 U.S. 5.6 9.5 1.3 0.0 6.3 25 10 Foreign 12.0 20.3 2.2 0.2 8.8 19 16 Domestic Use World 1.8 3.1 2.4 0.0 10.3 20 15 U.S. 2.3 3.9 0.8 0.1 2.4 24 11 Foreign 2.2 3.7 2.1 0.0 10.4 18 17 Ending Stocks World 11.7 19.9 2.9 0.3 12.0 19 16 U.S. 35.3 59.9 1.6 0.1 6.8 12 23 Foreign 12.7 21.6 2.4 0.0 7.2 22 13 COTTON Million 480 -Pound Bales Production World 1.6 2.8 1.2 0.0 5.2 26 8 U.S. 0.3 0.5 0.0 0.0 0.2 16 11 Foreign 2.0 3.4 1.2 0.0 5.1 25 9 Exports World 4.2 7.2 1.0 0.1 4.2 22 13 U.S. 4.7 8.0 0.4 0.0 1.4 14 18 Foreign 5.4 9.1 0.9 0.1 3.9 22 13 Domestic Use World 1.6 2.7 1.2 0.0 4.6 20 15 U.S. 3.2 5.4 0.2 0.0 0.6 18 13 Foreign 1.6 2.7 1.2 0.2 4.5 20 15 Ending Stocks World 7.0 11.8 2.6 0.0 8.2 24 11 U.S. 12.6 21.4 0.4 0.0 1.6 14 21 Foreign 7.6 12.8 2.6 0.1 8.0 22 13 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. 2/ Includes corn, sorghum, barley, oats , rye, millet, and mixed grain. April 2017 WASDE - 564 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 6.7 11.3 95 13 248 16 19 Domestic Use 2.3 3.9 114 5 474 14 21 Ending Stocks 13.4 22.7 155 3 470 18 17 SORGHUM Production 0.1 0.3 0 0 4 0 2 Exports 11.8 20.1 20 0 72 24 10 Domestic Use 9.4 16.0 23 0 158 14 20 Ending Stocks 39.4 66.9 22 0 148 15 19 BARLEY Production 0.8 1.3 1 0 11 15 4 Exports 13.7 23.3 4 0 13 10 21 Domestic Use 4.1 7.0 10 0 64 15 17 Ending Stocks 10.8 18.4 12 0 52 23 11 OATS Production 0.3 0.6 0 0 2 4 4 Exports 34.7 58.9 1 0 3 6 6 Domestic Use 3.5 6.0 8 0 26 12 21 Ending Stocks 12.7 21.6 9 1 30 21 14 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.5 790 35 2,153 28 7 Exports 8.0 13.5 511 25 1,700 29 6 Domestic Use 2.2 3.8 502 100 2,066 24 11 Ending Stocks 35.5 60.2 65 0 214 13 20 SOYBEAN OIL Million Pounds Production 2.6 4.5 378 15 1,058 28 7 Exports 15.5 26.3 205 0 650 23 11 Domestic Use 2.0 3.4 244 0 562 21 13 Ending Stocks 17.6 29.9 247 5 753 23 12 ANIMAL PROD. 3/ Million Pounds Beef 2.4 4.1 495 19 1,388 24 11 Pork 2.2 3.7 284 10 983 23 12 Broilers 1.3 2.3 282 6 675 23 12 Turkeys 2.6 4.4 101 3 398 19 16 Million Dozen Eggs 1.6 2.8 88 10 433 24 11 Billion Pounds Milk 1.2 2.0 1.3 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2015/16. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estim ate published by NASS for 1982 -2015. WASDE -564-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilse eds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -564 – April 11, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 572 Approved by the World Agricultural Outlook Board December 12, 2017 WHEAT: Projected 2017/18 U.S. ending stocks are raised this month by 25 million bushels on reduced exports. This reduction is primarily attributed to heightened Canadian competition expected from its increased exportable supplies. Canada and the United States compete in several of the same markets in Latin America and East Asia. No other supply or use categories are revised this month. Based on NASS prices reported to date and price expectations for the rest of the marketing year, the projected 2017/18 season- average farm price (SAFP) is unchanged at the midpoint of $4.60 per bushel. However, the SAFP is narrowed by 10 cents at both ends of the range to $4.50 to $4.70. Global 2017/18 wheat supplies are increased, primarily on higher production forecasts for Canada and the European Union more than offsetting production declines in Brazil, South Africa, and Yemen. Canadian wheat production is raised 3.0 million tons to 30.0 million, largely on increased yields in the Prairie Provinces as reported in Statistics Canada ’s Production of Principal Field Crops report , released on December 6. EU wheat production is raised 1.0 million tons to 152.5 million, mainly on higher production in Romania, Poland, Latvia, and Bulgaria. World 2017/18 trade is greater this month as higher exports from Canada, Russia, and Ukraine more than offset reduced U.S. exports. Projected imports are increased for Indonesia, China and Brazil. Indonesia’ s imports are raised 1.0 million tons to 11.5 million, primarily on higher expected feed wheat usage. Total world consumption is projected 2.1 million tons higher, primarily on greater usage from Indonesia, Canada, and the EU. Projected global ending stocks are 0.9 million tons higher this month at 268.4 million, which is a new record. COA RSE GRAINS: This month’s 2017/18 U.S. corn outlook is for increased corn used to produce ethanol and reduced ending stocks. Corn used to produce ethanol is raised 50 million bushels to 5.525 billion, based on increased sorghum export commitmen ts, and the most recent data from the Grain Crushings and Co- Products Production report , which estimated a lower -than-expected amount of sorghum used to produce ethanol during October. With no other use changes, ending stocks are down 50 million bushels from last month. The projected season- average farm price is unchanged this month at a mi dpoint of $3.20 per bushel but the range is narrowed 5 cents on each end to $2.85 to $3.55 per bushel. For sorghum, recent large purchases by China have increased sorghum prices relative to corn, sharply reducing the estimated amount of sorghum used to produce ethanol. With expectations of increased U.S. sorghum exports to China, projected food, seed, and industrial use for sorghum is reduced by 50 million bushels, with an offsetting 50 million bushel increase in exports. WASDE- 572-2 Global coarse grain producti on for 2017/18 is forecast 1.4 million tons higher to 1,323.9 million. The 2017/18 foreign coarse grain outlook is for larger production, increased consumption, and higher stocks relative to last month. Foreign corn production is forecast higher with increases for China, the EU, Laos, and Guatemala more than offsetting a reduction for Russia. China’s corn production is raised based on the latest data from the National Bureau of Statistics. EU corn production is higher , mostly reflecting an increase for Romania that more than offsets declines for several countries. Corn exports are lowered for Russia but raised for the EU. Foreign corn ending stocks are raised from last month, largely reflecting increases for China, the EU, and Brazil that more than off set declines for Egypt and Mexico. Global corn stocks, at 204.1 million tons, are up slightly from last month. RICE : Total 2017/18 U.S. rice supplies are unchanged at 248.9 million cwt. Exports are lowered 1.0 million cwt (all medium - and short -grain) o n increased competition from other suppliers in the Mediterranean region. A 2.0- million -cwt reduction in rough rice exports is partially offset by a 1.0- million -cwt increase in milled. Export demand has been better than expected in important milled rice markets such as Iraq and Haiti but less favorable in rough rice markets, most notably Venezuela. The all rice marketing year average price is lowered $0.20 per cwt at the midpoint to a range of $12.30 to $13.30. All classes of rice are reduced this month . Global rice production for 2017/18 is raised 2.3 million tons to 483.5 million led by a 2.0-million -ton increase for China and a 0.4- million -ton increase for Burma. The China increase is based on updated production data from China ’s National Bureau of Statistics. Burma ’s increase is on slightly higher harvested area and better -than-expected yields. Global exports and total use are each raised 0.4 million tons. With total supplies rising faster than use, world ending stocks are raised 1.8 million t ons to 140.7 million. China ending stocks are raised 2.0 million tons to 94.5 million; the largest since 1999/2000. OILSEEDS : Total U.S. oilseed production for 2017/18 is projected at 132.2 million tons, up slightly due to a small increase in cottonseed. Soybean exports are reduced 25 million bushels to 2,225 million on stronger -than-expected competition from Argentina and Brazil during the first quarter of the marketing year. Seed use is raised in line with projected plantings in the recently released tables to be included in the upcoming Long Term Agricultural Projections to 2027 report https://www.usd a.gov/oce/commodity/projections.htm . Soybean ending stocks for 2017/18 are projected at 445 million bushels, up 20 million from last month and still the highest since 2006/07. Following the December 5, 2017 affirmative determination by the U.S. International Trade Commission regarding countervailing duties on biodiesel imports from Argentina and Indonesia, soybean oil used for dom estic production of methyl ester is raised 500 million pounds to 7.5 billion. Reduced soybean oil exports and non- ester domestic use are offsetting, leaving projected ending stocks unchanged at 1.62 billion pounds. The U.S. season -average soybean price r ange for 2017/18 is narrowed to $8.60 to $10.00 per bushel. The soybean meal and soybean oil price ranges are unchanged at $295 to $335 per short ton and 32.5 to 36.5 cents per pound, respectively. WASDE- 572-3 The global oilseed supply and demand forecasts for 2017/ 18 include higher production, exports, and ending stocks compared to last month. Global production is forecast at 579.5 million tons, up 0.7 million mostly reflecting higher rapeseed, peanut, and palm kernel production. Rapeseed is increased 0.8 million tons to 72.9 million as reductions for Australia and India are more than offset by a 1.6- million -ton increase for Canada based on recent government estimates. Peanut production is raised for Senegal on higher area and yields. An increase in EU sunflowerseed production is offset by lower production for Russia and Argentina. Other production changes include higher palm oil for Indonesia and Thailand and lower palm oil for Malaysia. Global oilseed exports for 2017/18 are raised 0.5 million tons to 176.3 mi llion with higher soybean exports for Argentina and Brazil and higher rapeseed exports for Canada. Partly offsetting are lower soybean exports for the United States and Canada, and lower sunflowerseed exports for Argentina. Global soybean stocks are up 0.4 million tons to 98.3 million , with lower stocks in South America offset by higher stocks in the United States, Canada, and the EU. SUGAR : U.S. beet sugar production for 2017/18 is projected at 5.359 million short tons, raw value (STRV), up 409,256 from last month. Recovery of sucrose from sliced sugarbeets for the first three months of the August/July crop year from Sweetener Market Data report provides the first empirically based estimate of full crop year recovery. That recovery is projected at 15. 4 percent in line with recent historical records. Crop year beet sugar production that includes sugar from desugared molasses is projected at 5.530 million STRV. The fiscal year October/September projection includes adjustments for August -September production that subtracts the estimate for 2017 and adds the historically based projection for 2018. T his also includes sugar produced from imported sugarbeets from Canada. Sugar imports for 2017/18 are reduced by 384,452 STRV , as less sugar projected from Mexico is only partially offset by an increase in 2016/17 raw sugar tariff -rate quota imports entering after September 30. Ending stocks for 2017/18 are projected at 1.802 million STRV, implying a stocks- to-use ratio of 14.3 percent. The projection of Mexico sugar exports to the United States is based on the larger of the Target Quantity of U.S. Sugar Needs from this WASDE report or the effective 2017/18 Export Limit previously calculated by the U.S. Department of Commerce (USDOC). Mexico sugar exports to the United States are reduced by 364,595 metric tons (MT) to 1.085 million which is the Export Limit set by USDOC in September 2017 because it exceeds the Target Quantity of U.S. Needs from this WASDE . Deliveries for 2017/18 IMMEX are increased by 60,000 MT. The ending stock total for 2017/18 is projected at 1.008 million MT, an amount to meet sugar supply requirements of domestic consumption before the next season harvest. Exports to non- U.S. destinations for 2017/18 are residually projected at 131,298 MT. Total exports for 2017/18 are projected at 1.217 million MT. LIVESTOCK, POULTRY, AND DAIRY : The 2017 forecast of total red meat and poultry production is reduced from last month on lower beef and pork production forecasts. Beef production is lowered on the current pace of cattle slaughter and lighter carcass weights. The pork production forecast is lowered on smaller -than-anticipated hog slaughter this quarter although partly offset by higher carcass weights. The broiler forecast is raised on a revision to third- quarter production data. The turkey production forecast is unchanged from the previous month. The egg production forecast is lowered on recent hatchery data. For WASDE- 572-4 2018, the total red meat and poultry forecast is lowered from last month on lower expected beef and pork production. Beef production is forecast lower, reflecting slightly lighter carcass weights in 2018. Pork production is reduced as fractionally heavier first -quarter carcass weights only partially offset smaller -than-expected hog slaughter. USDA will release its Quarterly Hogs and Pigs report on December 22 which will provide an indication of producers ’ farrowing intentions into the first half of 2018. Broiler and turkey production forecasts are unchanged from the previous m onth. The egg production forecast is raised for 2018. The beef and turkey export forecasts are raised for 2017 on strong global demand which is expected to carry into first -quarter 2018. No change is made to pork and broiler trade forecasts. The egg export forecast is raised for 2017, supported by expectations of solid demand and recent trade data while the egg import forecast is reduced. No change is made to the 2018 egg trade forecasts. The cattle price forecast for 2017 is lowered on recent prices, but the 2018 cattle price forecast is unchanged from the previous month. The hog price forecast for 2017 is raised on recent demand strength and as this strength is expected to carry into 2018, hog price forecasts are raised for next year. The broi ler price forecast is lowered for 2017, but the forecast is unchanged for 2018. Turkey price forecasts are lowered for 2017 and 2018 on relatively weak demand. Egg prices are raised for 2017 and 2018 on strength in demand. The milk production forecast i s lowered for 2017 on slower growth in milk per cow. The slower growth in milk per cow is expected to carry into 2018 and combined with an expected slower rate of growth in cow numbers, the 2018 milk production forecast is lowered. The 2017 and 2018 fat basis import and export forecasts are unchanged from the previous month. On a skim -solids basis, the 2017 and 2018 export forecasts are raised on higher expected whey exports. No changes are made to 2017 and 2018 skim -solids basis import forecasts. Price forecasts for cheese, butter, and nonfat dry milk are lowered for 2017 on current price weakness and slower demand. The 2017 whey price forecast is unchanged at the midpoint. All dairy product price forecasts are reduced for 2018 on pressure from larg e stocks and slower expected demand. Class III and Class IV price forecasts are lowered for 2017 and 2018, reflecting the lower product prices. All milk prices are forecast lower at $17.60 to $17.70 per cwt for 2017and $16.65 to $17.45 per cwt for 2018. COTTON : This month ’s 2017/18 U.S. cotton forecasts include higher exports, slightly higher production, and lower ending stocks. Production is raised 63,000 bales as increases in the Southwest are largely offset by decreases in other regions. Domestic mill use is unchanged, but exports are raised 300,000 bales due to reduced production in other countries. Ending stocks are now projected at 5.8 million bales, 200,000 lower than forecast in November, but more than double their 2016/17 level. The forecast range for the marketing year average price received by producers is raise d 3 cents at each end, to a midpoint of 66 cents. The global 2017/18 cotton forecasts include lower beginning stocks, production, and ending stocks. Global production is reduced 1.5 million bales as reductions for Pakistan, India, Burkina Faso, Argentina, and Australia are only partly offset by increases in Turkey and Central Asia. A 1.0- million -bale decline in India ’s estimated beginning stocks results in a WASDE- 572-5 similar decline in global 2017/18 beginning stocks. The revision in India’ s beginning stocks reflects higher estimated consumption since 2015/16, and both India’ s and world 2017/18 consumption is forecast higher this month—a 335,000 -bale increase in the global forecast . World consumption is forecast to grow at a 4.2 percent annual rate in 2017/18, more than double its long -run level. Projected worl d ending stocks are 2.9 million bales lower this month than in November, and at 87.9 million bales are now forecast marginally higher than the year before. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : ROBERT JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 572-6 INTERAGENCY COMMODI TY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: ssha [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 10, May 10, Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 572-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and U se ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2017 WASDE - 572 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2468.06 3060.71 376.50 2434.26 626.46 2016/17 (Est.) 2606.66 3233.11 432.30 2577.38 655.74 filler filler filler filler filler 2017/18 (Proj.) Nov 2555.72 3211.06 412.74 2572.80 638.25 2017/18 (Proj.) Dec 2562.59 3218.33 415.98 2576.95 641.38 filler filler filler filler filler Wheat 2015/16 735.26 953.02 172.84 711.58 241.44 2016/17 (Est.) 753.61 995.04 183.16 739.72 255.33 filler filler filler filler filler 2017/18 (Proj.) Nov 751.98 1007.58 180.68 740.05 267.53 2017/18 (Proj.) Dec 755.21 1010.53 182.15 742.12 268.42 filler filler filler filler filler Coarse Grains 5/ 2015/16 1260.23 1507.35 163.42 1254.94 252.41 2016/17 (Est.) 1366.32 1618.73 203.19 1356.33 262.40 filler filler filler filler filler 2017/18 (Proj.) Nov 1322.55 1584.17 187.16 1352.39 231.78 2017/18 (Proj.) Dec 1323.92 1586.31 188.51 1354.07 232.24 filler filler filler filler filler Rice, milled 2015/16 472.57 600.34 40.24 467.73 132.61 2016/17 (Est.) 486.73 619.34 45.96 481.33 138.01 filler filler filler filler filler 2017/18 (Proj.) Nov 481.20 619.30 44.91 480.36 138.94 2017/18 (Proj.) Dec 483.47 621.48 45.32 480.76 140.73 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.36 95.81 filler filler filler filler filler 2017/18 (Proj.) Nov 436.41 540.60 84.89 363.85 91.86 2017/18 (Proj.) Dec 436.41 540.65 85.45 363.85 91.35 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Nov 47.37 83.59 27.22 30.92 25.45 2017/18 (Proj.) Dec 47.37 83.59 26.54 30.92 26.13 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.44 62.21 filler filler filler filler filler 2017/18 (Proj .) Nov 383.37 449.11 54.38 329.28 65.45 2017/18 (Proj.) Dec 383.37 449.16 55.65 329.28 64.23 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Nov 5.66 7.90 3.30 3.65 0.95 2017/18 (Proj.) Dec 5.66 7.90 3.27 3.65 0.98 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2017 WASDE - 572 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.80 2,554.71 294.75 2,086.14 550.32 2016/17 (Est.) 2,134.09 2,677.02 335.38 2,214.02 559.93 filler filler filler filler filler 2017/18 (Proj.) Nov 2,119.31 2,670.46 327.85 2,208.95 546.40 2017/18 (Proj.) Dec 2,126.18 2,677.68 330.53 2,213.10 550.03 filler filler filler filler filler Wheat 2015/16 679.14 873.36 151.67 679.64 214.89 2016/17 (Est.) 690.77 902.44 154.44 707.96 223.20 filler filler filler filler filler 2017/18 (Proj.) Nov 704.60 924.00 153.46 709.14 242.08 2017/18 (Proj.) Dec 707.84 926.95 155.61 711.20 242.28 filler filler filler filler filler Coarse Grains 5/ 2015/16 893.22 1,089.46 106.24 942.35 204.30 2016/17 (Est.) 963.71 1,164.58 138.68 1,028.89 200.19 filler filler filler filler filler 2017/18 (Proj.) Nov 939.18 1,135.06 132.78 1,023.11 166.33 2017/18 (Proj.) Dec 940.54 1,137.15 132.87 1,024.79 168.01 filler filler filler filler filler Rice, milled 2015/16 466.44 591.89 36.85 464.15 131.14 2016/17 (Est.) 479.61 610.00 42.25 477.16 136.55 filler filler filler filler filler 2017/18 (Proj.) Nov 475.53 611.40 41.61 476.71 137.99 2017/18 (Proj.) Dec 477.81 613.58 42.05 477.10 139.74 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, so rghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.15 207.30 35.13 112.26 95.36 2016/17 (Est.) 106.56 201.91 37.23 114.77 87.65 filler filler filler filler filler 2017/18 (Proj.) Nov 121.46 210.12 38.04 119.25 90.88 2017/18 (Proj.) Dec 119.96 207.61 38.46 119.59 88.00 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Nov 21.38 24.14 14.50 3.35 6.10 2017/18 (Proj.) Dec 21.44 24.20 14.80 3.35 5.80 filler filler filler filler filler Foreign 4/ 2015/16 83.26 190.73 25.98 108.81 91.56 2016/17 (Est.) 89.39 180.94 22.32 111.52 84.90 filler filler filler filler filler 2017/18 (Proj.) Nov 100.08 185.99 23.54 115.90 84.78 2017/18 (Proj.) Dec 98.52 183.41 23.66 116.24 82.20 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. December 2017 WASDE - 572 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 520.87 614.22 153.30 445.91 90.53 2016/17 (Est.) 573.69 664.22 170.49 469.45 108.40 filler filler filler filler filler 2017/18 (Proj.) Nov 578.82 687.36 175.81 489.15 109.32 2017/18 (Proj.) Dec 579.54 687.95 176.33 488.58 110.80 filler filler filler filler filler Oilmeals 2015/16 306.15 323.34 86.88 303.66 16.05 2016/17 (Est.) 321.27 337.32 88.62 317.43 15.96 filler filler filler filler filler 2017/18 (Proj.) Nov 334.89 350.44 90.85 331.91 15.12 2017/18 (Proj.) Dec 334.81 350.76 91.33 331.58 15.32 filler filler filler filler filler Vegetable Oils 2015/16 176.66 201.00 73.47 177.44 20.71 2016/17 (Est.) 188.60 209.31 80.54 183.78 19.52 filler filler filler filler filler 2017/18 (Proj.) Nov 194.49 213.58 79.55 189.03 19.89 2017/18 (Proj.) Dec 196.88 216.41 81.41 189.94 20.72 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.62 filler filler filler filler filler 2017/18 (Proj.) Nov 132.14 143.27 62.45 57.69 13.34 2017/18 (Proj.) Dec 132.16 143.31 61.81 57.69 13.90 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.08 47.28 10.83 36.04 0.41 filler filler filler filler filler 2017/18 (Proj.) Nov 44.49 48.92 11.41 37.19 0.33 2017/18 (Proj.) Dec 44.49 48.92 11.41 37.19 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.44 17.37 1.42 14.73 1.23 filler filler filler filler filler 2017/18 (Proj.) Nov 11.65 17.74 1.22 15.43 1.10 2017/18 (Proj.) Dec 11.65 17.82 1.13 15.57 1.12 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 404.99 490.46 99.34 390.86 83.66 2016/17 (Est.) 446.75 528.92 110.21 413.21 98.79 filler filler filler filler filler 2017/18 (Proj.) Nov 446.68 544.09 113.36 431.46 95.98 2017/18 (Proj.) Dec 447.39 544.64 114.52 430.89 96.90 filler filler filler filler filler Oilmeals 2015/16 263.37 276.20 75.70 267.97 15.78 2016/17 (Est.) 278.19 290.04 77.79 281.39 15.55 filler filler filler filler filler 2017/18 (Proj.) Nov 290.40 301.52 79.45 294.72 14.79 2017/18 (Proj.) Dec 290.32 301.84 79.92 294.39 14.99 filler filler filler filler filler Vegetable Oils 2015/16 165.45 183.97 72.22 162.87 19.51 2016/17 (Est.) 177.16 191.94 79.12 169.05 18.30 filler filler filler filler filler 2017/18 (Proj.) Nov 182.83 195.84 78.33 173.60 18.79 2017/18 (Proj.) Dec 185.23 198.59 80.28 174.38 19.59 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2017 WASDE - 572 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 150 150 Supply, Total 2,927 3,402 3,071 3,071 Food 957 949 950 950 Seed 67 61 66 66 Feed and Residual 149 156 120 120 Domestic, Total 1,174 1,167 1,136 1,136 Exports 778 1,055 1,000 975 Use, Total 1,951 2,222 2,136 2,111 Ending Stocks 976 1,181 935 960 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.40 - 4.80 4.50 - 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 488 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,345 693 527 370 136 3,071 Domestic Use 470 271 212 95 88 1,136 Exports 405 255 85 210 20 975 Use, Total 875 526 297 305 108 2,111 Ending Stocks, Total Dec 470 167 230 65 28 960 Ending Stocks, Total Nov 461 157 222 67 28 935 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2017 WASDE - 572 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Million Acres Area Planted 103.2 106.6 101.2 101.2 Area Harvested 93.0 96.5 90.9 90.9 Metric Tons Yield per Harvested Acre 3.94 4.17 4.21 4.21 Million Metric Tons Beginning Stocks 46.9 48.1 62.2 62.2 Production 366.7 402.3 383.1 383.1 Imports 3.7 3.3 3.3 3.4 Supply, Total 417.4 453.6 448.6 448.7 Feed and Residual 135.2 144.3 145.5 145.5 Food, Seed & Industrial 176.9 182.6 183.4 183.4 Domestic, Total 312.1 326.9 328.8 328.8 Exports 57.2 64.5 54.4 55.6 Use, Total 369.3 391.4 383.2 384.5 Ending Stocks 48.1 62.2 65.4 64.2 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Million Acres Area Planted 88.0 94.0 90.4 90.4 Area Harvested 80.8 86.7 83.1 83.1 Bushels Yield per Harvested Acre 168.4 174.6 175.4 175.4 Million Bushels Beginning Stocks 1,731 1,737 2,295 2,295 Production 13,602 15,148 14,578 14,578 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,922 16,922 Feed and Residual 5,114 5,463 5,575 5,575 Food, Seed & Industrial 2/ 6,648 6,891 6,935 6,985 Ethanol & by -products 3/ 5,224 5,439 5,475 5,525 Domestic, Total 11,763 12,354 12,510 12,560 Exports 1,901 2,293 1,925 1,925 Use, Total 13,664 14,647 14,435 14,485 Ending Stocks 1,737 2,295 2,487 2,437 Avg. Farm Price ($/bu) 4/ 3.61 3.36 2.80 - 3.60 2.85 - 3.55 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. December 2017 WASDE - 572 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.7 5.7 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 70.4 70.4 Beginning Stocks 18 37 34 34 Production 597 480 356 356 Imports 5 2 0 2 Supply, Total 620 519 389 391 Feed and Residual 107 129 60 60 Food, Seed & Industrial 137 115 100 50 Total Domestic 244 245 160 110 Exports 340 241 210 260 Use, Total 583 485 370 370 Ending Stocks 37 34 19 21 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.70 - 3.50 2.75 - 3.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 2.5 Area Harvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 5 Use, Total 213 205 202 202 Ending Stocks 102 106 61 61 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.10 - 5.10 4.10 - 4.90 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.25 - 2.75 2.30 - 2.70 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2017 WASDE - 572 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Million Acres Area Planted 2.63 3.15 2.49 2.49 Area Harvested 2.59 3.10 2.39 2.39 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,461 7,461 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.4 178.4 Imports 24.1 23.5 24.5 24.5 Supply, Total 265.8 294.1 248.9 248.9 Domestic & Residual 3/ 112.4 131.4 115.0 115.0 Exports, Total 4/ 107.0 116.7 104.0 103.0 Rough 39.3 42.5 38.0 36.0 Milled (rough equiv.) 67.7 74.2 66.0 67.0 Use, Total 219.3 248.0 219.0 218.0 Ending Stocks 46.5 46.0 29.9 30.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.50 - 13.50 12.30 - 13.30 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7,219 6,927 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 126.1 126.1 Supply, Total 7/ 180.7 209.4 178.5 178.5 Domestic & Residual 3/ 82.1 99.7 88.0 88.0 Exports 8/ 75.9 78.7 74.0 74.0 Use, Total 158.0 178.4 162.0 162.0 Ending Stocks 22.7 31.0 16.5 16.5 Avg. Farm Price ($/cwt) 6/ 11.20 9.64 11.80 - 12.80 11.60 - 12.60 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8,107 8,311 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.2 52.2 Supply, Total 7/ 82.2 81.1 66.9 66.9 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 30.0 29.0 Use, Total 61.3 69.6 57.0 56.0 Ending Stocks 20.9 11.5 9.9 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.90 14.60 - 15.60 14.20 - 15.20 California 10/ 18.10 13.70 15.50 - 16.50 15.00 - 16.00 Other States 1/ 11.20 10.10 12.00 - 13.00 11.80 - 12.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by far mers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. December 2017 WASDE - 572 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.2 90.2 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.5 49.5 Million Bushels Beginning Stocks 191 197 301 301 Production 3,926 4,296 4,425 4,425 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,752 4,752 Crushings 1,886 1,899 1,940 1,940 Exports 1,942 2,174 2,250 2,225 Seed 97 105 101 106 Residual 18 36 35 35 Use, Total 3,944 4,214 4,326 4,306 Ending Stocks 197 301 425 445 Avg. Farm Price ($/bu) 2/ 8.95 9.47 8.45 - 10.15 8.60 - 10.00 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,711 1,711 Production 4/ 21,950 22,099 22,505 22,505 Imports 287 319 300 300 Supply, Total 24,092 24,104 24,516 24,516 Domestic Disappearance 20,162 19,837 20,800 21,000 Biodiesel 3/ 5,670 6,200 7,000 7,500 Food, Feed & other Industrial 14,492 13,637 13,800 13,500 Exports 2,243 2,556 2,100 1,900 Use, Total 22,405 22,393 22,900 22,900 Ending stocks 1,687 1,711 1,616 1,616 Avg. Price (c/lb) 2/ 29.86 32.48 32.50 - 36.50 32.50 - 36.50 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. November Decemb er Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 401 401 Production 4/ 44,672 44,733 46,099 46,099 Imports 403 349 300 300 Supply, Total 45,336 45,347 46,800 46,800 Domestic Disappearance 33,118 33,345 34,300 34,300 Exports 11,954 11,601 12,200 12,200 Use, Total 45,072 44,946 46,500 46,500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 295.00 - 335.00 295.00 - 335.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,906 milli on bushels for 2016/17 and 1,940 million bushels for 2017/18. December 2017 WASDE - 572 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,834 1,836 Production 2/ 8,989 8,969 8,836 9,245 Beet Sugar 5,119 5,103 4,950 5,359 Cane Sugar 3,870 3,866 3,886 3,886 Florida 2,173 2,055 2,036 2,036 Hawaii 152 43 0 0 Louisiana 1,428 1,628 1,690 1,690 Texas 116 140 160 160 Imports 3,341 3,244 3,710 3,326 TRQ 3/ 1,620 1,611 1,756 1,798 Other Program 4/ 396 419 250 250 Other 5/ 1,325 1,213 1,704 1,278 Mexico 1,309 1,201 1,694 1,268 Total Supply 14,145 14,267 14,380 14,407 Exports 74 95 50 50 Deliveries 12,051 12,283 12,555 12,555 Food 6/ 11,881 12,127 12,400 12,400 Other 7/ 170 156 155 155 Miscellaneous -33 53 0 0 Total Use 12,091 12,431 12,605 12,605 Ending Stocks 2,054 1,836 1,775 1,802 Stocks to Use Ratio 17.0 14.8 14.1 14.3 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ sh ortfall (183). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 2017/18. 4/ Includes sugar under the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, othe r high -tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcoh ol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Nov 1,037 5,957 118 4,896 1,214 1,002 2016/17 Est. Dec 1,037 5,957 93 4,851 1,234 1,002 2017/18 Proj. Nov 1,002 6,100 95 4,912 1,460 825 2017/18 Proj. Dec 1,002 6,100 95 4,972 1,217 1,008 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,531, projected 2017/18 = 1,531; Oct - Oct 2016/17 = 106, Oct - Oct 2017/18 = 116. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustment s: 2015/16 ( -10), 2016/17 ( -61), 2017/18 (0). December 2017 WASDE - 572 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.62 12.62 Harvested 8.07 9.51 11.41 11.41 Fil ler Pounds Yield per Harvested Acre 766 867 900 902 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.38 21.44 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.14 24.20 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.50 14.80 Use, Total 12.60 18.17 17.85 18.15 Unaccounted 2/ 0.17 0.06 0.19 0.25 Ending Stocks 3.80 2.75 6.10 5.80 Avg. Farm Price 3/ 61.2 68.0 60.00 - 66.00 63.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. December 2017 WASDE - 572 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 217.76 735.26 170.10 136.50 711.58 172.84 241.44 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.29 679.14 167.03 132.44 679.64 151.67 214.89 Major Exporters 4/ 29.27 221.65 7.60 65.66 150.60 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.52 2.76 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.15 205.47 92.35 27.94 264.64 6.42 139.91 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 241.44 753.61 179.18 147.50 739.72 183.16 255.33 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.89 690.77 175.96 143.24 707.96 154.44 223.20 Major Exporters 4/ 25.41 228.88 5.93 65.82 151.45 83.73 25.03 Argentina 0.82 18.40 0.01 0.10 5.30 13.60 0.32 Australia 3.85 33.50 0.14 4.30 7.75 22.64 7.10 Canada 5.18 31.73 0.51 5.42 10.40 20.18 6.84 European Union 5/ 15.56 145.25 5.28 56.00 128.00 27.31 10.77 Major Importers 6/ 139.91 200.06 96.42 36.62 278.75 5.57 152.08 Brazil 1.00 6.73 7.35 0.80 12.20 0.70 2.18 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.58 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.48 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 255.61 751.98 179.21 140.77 740.05 180.68 267.53 Dec 255.33 755.21 180.60 142.67 742.12 182.15 268.42 United States Nov 32.13 47.37 4.08 3.27 30.92 27.22 25.45 Dec 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Total Foreign Nov 223.48 704.60 175.13 137.51 709.14 153.46 242.08 Dec 223.20 707.84 176.52 139.41 711.20 155.61 242.28 Major Exporters 4/ Nov 24.78 217.49 7.16 63.00 149.05 78.70 21.68 Dec 25.03 221.50 6.66 64.10 150.05 79.70 23.44 Argentina Nov 0.32 17.50 0.01 0.10 5.70 11.70 0.43 Dec 0.32 17.50 0.01 0.10 5.60 11.70 0.53 Australia Nov 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Dec 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Canada Nov 6.87 27.00 0.50 2.90 8.10 21.00 5.27 Dec 6.84 30.00 0.50 3.50 8.70 22.00 6.64 European Union 5/ Nov 10.49 151.49 6.50 56.50 128.25 28.50 11.73 Dec 10.77 152.50 6.00 57.00 128.75 28.50 12.02 Major Importers 6/ Nov 152.64 202.71 93.83 29.58 275.99 6.36 166.83 Dec 152.08 202.00 95.78 30.48 276.89 6.46 166.51 Brazil Nov 2.18 4.90 7.50 0.50 12.10 0.80 1.68 Dec 2.18 4.25 8.00 0.50 12.10 0.80 1.53 China Nov 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Dec 111.05 130.00 3.50 13.00 116.00 0.80 127.75 Sel. Mideast 7/ Nov 13.04 19.48 18.70 5.22 40.57 0.74 9.91 Dec 13.03 19.42 18.70 5.22 40.47 0.84 9.84 N. Africa 8/ Nov 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Dec 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Pakistan Nov 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Dec 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Southeast Asia 9/ Nov 6.16 0.00 25.05 6.89 23.34 1.07 6.80 Dec 5.61 0.00 26.00 7.79 24.34 1.07 6.20 Selected Other India Nov 9.80 98.38 3.00 5.00 100.00 0.50 10.68 Dec 9.80 98.38 3.00 5.00 100.00 0.50 10.68 FSU-12 Nov 21.13 139.27 7.96 31.60 83.19 57.99 27.19 Dec 21.11 139.27 7.96 31.50 82.99 59.04 26.32 Russia Nov 10.83 83.00 0.50 20.50 44.00 33.00 17.33 Dec 10.83 83.00 0.50 20.50 44.00 33.50 16.83 Kazakhstan Nov 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Dec 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Nov 1.78 26.50 0.03 3.50 10.00 16.50 1.81 Dec 1.78 26.50 0.03 3.40 9.80 17.00 1.51 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.12 1,260.23 181.15 767.24 1,254.94 163.42 252.41 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.17 893.22 177.22 631.87 942.35 106.24 204.30 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 252.41 1,366.32 175.12 800.13 1,356.33 203.19 262.40 United States 48.11 402.61 3.43 144.50 327.44 64.50 62.21 Total Foreign 204.30 963.71 171.69 655.63 1,028.89 138.68 200.19 Major Exporters 4/ 17.63 210.86 2.65 89.36 121.51 82.52 27.10 Argentina 3.18 48.57 0.00 10.96 16.23 28.61 6.91 Australia 1.50 16.88 0.00 3.92 5.79 10.58 2.01 Brazil 7.01 101.58 1.49 53.45 64.03 36.01 10.04 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.28 123.69 277.38 359.59 11.04 45.36 European Union 6/ 15.45 152.59 15.84 120.07 160.69 8.07 15.12 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.32 15.24 28.00 46.90 1.54 6.01 N. Afr & Mideast 7/ 15.59 26.21 35.63 56.83 64.67 0.16 12.61 Saudi Arabia 4.41 0.36 12.92 12.92 13.43 0.00 4.26 Southeast Asia 8/ 4.33 29.35 13.50 34.96 42.77 1.27 3.14 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.19 0.76 40.55 55.91 36.58 6.70 Russia 1.66 40.77 0.28 22.48 32.13 8.56 2.02 Ukraine 3.17 39.26 0.04 9.06 12.52 26.90 3.04 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 261.62 1,322.55 181.57 815.33 1,352.39 187.16 231.78 Dec 262.40 1,323.92 182.85 817.12 1,354.07 188.51 232.24 United States Nov 62.21 383.37 3.53 145.57 329.28 54.38 65.45 Dec 62.21 383.37 3.58 145.57 329.28 55.65 64.23 Total Foreign Nov 199.41 939.18 178.05 669.75 1,023.11 132.78 166.33 Dec 200.19 940.54 179.28 671.54 1,024.79 132.87 168.01 Major Exporters 4/ Nov 26.86 196.53 2.25 90.74 123.00 78.61 24.03 Dec 27.10 197.45 2.23 91.18 123.43 78.61 24.75 Argentina Nov 6.92 49.00 0.01 11.72 17.38 31.21 7.34 Dec 6.91 49.00 0.01 11.72 17.38 31.21 7.33 Australia Nov 2.01 11.43 0.00 3.62 5.49 6.93 1.02 Dec 2.01 11.50 0.00 3.64 5.51 6.93 1.07 Brazil Nov 9.73 97.60 0.85 54.30 64.75 34.02 9.41 Dec 10.04 97.79 0.85 54.44 64.89 34.02 9.77 Canada Nov 4.96 25.56 1.06 15.19 22.95 4.75 3.88 Dec 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Major Importers 5/ Nov 45.19 242.88 130.60 285.02 367.34 10.28 41.05 Dec 45.36 243.25 130.69 284.91 367.33 10.78 41.18 European Union 6/ Nov 14.66 150.43 16.61 119.58 160.10 8.01 13.59 Dec 15.12 150.80 16.71 119.48 160.10 8.51 14.01 Japan Nov 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Dec 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Nov 6.18 31.63 16.90 29.22 48.19 1.30 5.22 Dec 6.01 31.63 16.90 29.22 48.19 1.30 5.05 N. Afr & Mideast 7/ Nov 12.79 29.99 38.88 60.92 68.92 0.25 12.50 Dec 12.61 29.99 38.87 60.91 68.91 0.25 12.31 Saudi Arabia Nov 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Dec 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Southeast Asia 8/ Nov 3.04 30.01 14.12 36.16 43.76 0.73 2.67 Dec 3.14 30.01 14.12 36.16 43.76 0.73 2.77 South Korea Nov 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Dec 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Selected Other China Nov 102.49 223.04 14.70 177.55 260.08 0.08 80.07 Dec 102.49 223.93 16.00 178.85 261.38 0.08 80.97 FSU-12 Nov 6.74 90.85 0.72 40.60 55.84 36.65 5.82 Dec 6.70 89.85 0.72 40.38 55.52 36.27 5.48 Russia Nov 2.01 43.30 0.11 23.15 32.80 10.36 2.26 Dec 2.02 42.30 0.11 22.95 32.60 9.86 1.97 Ukraine Nov 3.10 34.99 0.03 7.24 10.61 25.31 2.20 Dec 3.04 34.99 0.03 7.24 10.51 25.41 2.15 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.74 973.45 139.25 601.88 968.28 119.69 214.91 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.77 627.95 137.54 471.97 669.50 71.40 170.78 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 214.91 1,075.55 136.10 632.38 1,063.12 164.08 227.34 United States 44.12 384.78 1.45 138.78 313.81 58.24 58.30 Total Foreign 170.78 690.77 134.65 493.60 749.31 105.84 169.04 Major Exporters 4/ 9.32 156.98 0.85 65.63 84.83 64.00 18.33 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.80 51.00 60.50 36.00 9.57 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.47 80.63 147.96 200.71 4.99 21.82 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.25 55.00 73.70 2.17 7.55 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.57 14.57 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.33 29.30 13.48 34.90 42.70 1.27 3.14 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.72 FSU-12 2.59 47.30 0.35 17.20 19.98 27.15 3.11 Ukraine 1.39 28.00 0.03 5.10 6.50 21.33 1.58 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 226.58 1,043.90 146.58 652.53 1,066.62 151.61 203.86 Dec 227.34 1,044.75 146.48 652.40 1,068.01 151.61 204.08 United States Nov 58.30 370.29 1.27 141.61 317.77 48.90 63.19 Dec 58.30 370.29 1.27 141.61 319.04 48.90 61.92 Total Foreign Nov 168.29 673.61 145.31 510.92 748.85 102.72 140.68 Dec 169.04 674.47 145.21 510.79 748.97 102.72 142.16 Major Exporters 4/ Nov 18.03 149.50 0.41 66.30 85.70 64.70 17.54 Dec 18.33 149.50 0.41 66.30 85.70 64.70 17.83 Argentina Nov 5.77 42.00 0.01 8.50 12.50 29.00 6.27 Dec 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Brazil Nov 9.27 95.00 0.30 52.00 61.50 34.00 9.07 Dec 9.57 95.00 0.30 52.00 61.50 34.00 9.37 South Africa Nov 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Dec 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Nov 21.69 121.90 85.80 153.25 206.10 3.53 19.76 Dec 21.82 122.41 85.80 153.25 206.20 4.03 19.80 Egypt Nov 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Dec 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Nov 7.09 59.59 16.00 56.00 74.70 1.50 6.47 Dec 7.55 60.09 16.00 56.00 74.80 2.00 6.84 Japan Nov 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Dec 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Nov 5.58 26.20 16.50 24.30 42.30 1.30 4.68 Dec 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Southeast Asia 7/ Nov 3.04 29.96 14.10 36.10 43.70 0.72 2.67 Dec 3.14 29.96 14.10 36.10 43.70 0.72 2.77 South Korea Nov 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Dec 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Nov 2.08 14.10 1.00 8.40 14.00 1.30 1.88 Dec 2.04 14.10 1.00 8.40 14.00 1.30 1.84 China Nov 100.72 215.00 3.00 166.00 240.00 0.05 78.67 Dec 100.72 215.89 3.00 166.00 240.00 0.05 79.56 FSU-12 Nov 3.14 44.25 0.45 16.48 19.16 26.26 2.42 Dec 3.11 43.25 0.45 15.98 18.66 25.76 2.38 Ukraine Nov 1.64 25.00 0.03 3.80 5.10 20.50 1.06 Dec 1.58 25.00 0.03 3.80 5.10 20.50 1.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2017 WASDE - 572 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.77 472.57 38.34 467.73 40.24 132.61 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.22 466.44 37.57 464.15 36.85 131.14 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.30 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.10 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.45 1.49 1.91 3.31 0.04 0.51 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.61 486.73 40.88 481.33 45.96 138.01 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.14 479.61 40.13 477.16 42.25 136.55 Major Exporters 4/ 29.48 163.75 0.56 133.68 32.42 27.69 India 18.40 110.15 0.00 96.78 11.22 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.00 4.85 Vietnam 1.56 27.55 0.30 21.80 6.60 1.01 Major Importers 5/ 9.82 66.23 12.03 77.17 1.02 9.89 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 37.15 0.30 37.50 0.02 3.44 Nigeria 1.40 3.65 2.40 6.10 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.65 0.01 10.20 3.10 0.60 C. Amer & Carib 8/ 0.51 1.60 1.82 3.40 0.03 0.49 China 78.50 144.85 5.30 141.35 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.40 4.73 0.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2017 WASDE - 572 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 138.11 481.20 43.33 480.36 44.91 138.94 Dec 138.01 483.47 43.85 480.76 45.32 140.73 United States Nov 1.46 5.66 0.78 3.65 3.30 0.95 Dec 1.46 5.66 0.78 3.65 3.27 0.98 Total Foreign Nov 136.65 475.53 42.55 476.71 41.61 137.99 Dec 136.55 477.81 43.07 477.10 42.05 139.74 Major Exporters 4/ Nov 27.69 163.25 0.55 135.00 31.90 24.59 Dec 27.69 163.25 0.55 134.80 32.10 24.59 India Nov 20.55 107.50 0.00 98.00 11.60 18.45 Dec 20.55 107.50 0.00 98.00 11.60 18.45 Pakistan Nov 1.28 6.90 0.00 3.20 3.80 1.18 Dec 1.28 6.90 0.00 3.20 3.80 1.18 Thailand Nov 4.85 20.40 0.25 11.50 10.20 3.80 Dec 4.85 20.40 0.25 11.50 10.20 3.80 Vietnam Nov 1.01 28.45 0.30 22.30 6.30 1.16 Dec 1.01 28.45 0.30 22.10 6.50 1.16 Major Importers 5/ Nov 9.96 65.14 12.72 77.40 0.93 9.49 Dec 9.89 65.15 12.52 77.30 0.93 9.33 Brazil Nov 0.59 7.82 0.63 7.95 0.60 0.49 Dec 0.64 7.82 0.63 7.95 0.60 0.54 European Union 6/ Nov 1.13 2.08 1.90 3.75 0.28 1.08 Dec 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Nov 3.54 37.00 0.50 37.40 0.02 3.62 Dec 3.44 37.00 0.30 37.30 0.02 3.42 Nigeria Nov 1.35 3.65 2.30 6.20 0.00 1.11 Dec 1.35 3.65 2.30 6.20 0.00 1.11 Philippines Nov 2.00 11.20 1.70 12.90 0.00 2.00 Dec 2.00 11.20 1.70 12.90 0.00 2.00 Sel. Mideast 7/ Nov 1.03 1.96 3.85 5.95 0.00 0.88 Dec 1.03 1.96 3.85 5.95 0.00 0.88 Selected Other Burma Nov 0.65 12.60 0.01 10.20 2.60 0.46 Dec 0.60 12.95 0.01 10.20 3.00 0.36 C. Amer & Carib 8/ Nov 0.49 1.65 1.84 3.52 0.03 0.42 Dec 0.49 1.65 1.87 3.55 0.03 0.44 China Nov 86.50 144.00 5.25 142.15 1.10 92.50 Dec 86.50 146.00 5.25 142.15 1.10 94.50 Egypt Nov 1.47 4.30 0.05 4.40 0.10 1.32 Dec 1.47 4.30 0.05 4.40 0.10 1.32 Japan Nov 2.46 7.60 0.69 8.45 0.06 2.24 Dec 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Nov 0.16 0.19 0.85 0.91 0.09 0.20 Dec 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Nov 1.74 3.90 0.41 4.65 0.00 1.39 Dec 1.70 3.97 0.41 4.80 0.00 1.28 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ S elected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2017 WASDE - 572 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 111.15 96.15 35.42 112.26 35.13 -0.02 95.36 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.26 35.39 108.81 25.98 -0.19 91.56 Major Exporters 4/ 29.72 46.56 1.77 32.48 22.80 -0.28 23.05 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.35 S. Hemis 7/ 10.80 9.98 0.25 4.22 7.67 -0.29 9.43 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 95.36 106.56 37.62 114.77 37.23 -0.12 87.65 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.56 89.39 37.61 111.52 22.32 -0.18 84.90 Major Exporters 4/ 23.05 50.75 3.63 31.97 19.19 -0.27 26.56 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.35 5.09 3/ 0.13 4.51 0.01 1.78 S. Hemis 7/ 9.43 12.31 0.37 4.29 7.07 -0.30 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2017 WASDE - 572 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 88.67 121.46 38.03 119.25 38.04 -0.01 90.88 Dec 87.65 119.96 38.48 119.59 38.46 0.06 88.00 United States Nov 2.75 21.38 0.01 3.35 14.50 0.19 6.10 Dec 2.75 21.44 0.01 3.35 14.80 0.25 5.80 Total Foreign Nov 85.92 100.08 38.02 115.90 23.54 -0.20 84.78 Dec 84.90 98.52 38.47 116.24 23.66 -0.20 82.20 filler filler filler filler filler filler filler Major Exporters 4/ Nov 27.47 56.16 2.40 32.98 20.16 -0.29 33.18 Dec 26.56 55.35 2.40 33.22 20.30 -0.29 31.07 Central Asia 5/ Nov 2.36 6.13 3/ 3.21 2.31 0.00 2.96 Dec 2.39 6.30 3/ 3.22 2.49 0.00 2.98 Afr. Fr. Zone 6/ Nov 1.73 5.31 3/ 0.13 4.58 0.00 2.34 Dec 1.78 5.10 3/ 0.13 4.46 0.00 2.30 S. Hemis 7/ Nov 11.05 14.22 0.30 4.49 8.38 -0.30 12.99 Dec 11.05 14.00 0.30 4.48 8.78 -0.30 12.38 Australia Nov 2.39 4.80 3/ 0.04 4.10 -0.15 3.21 Dec 2.39 4.70 3/ 0.04 4.30 -0.15 2.91 Brazil Nov 7.61 7.80 0.13 3.40 3.75 -0.15 8.53 Dec 7.61 7.80 0.13 3.40 4.00 -0.15 8.28 India Nov 12.13 30.00 1.60 24.50 4.60 0.00 14.63 Dec 11.13 29.50 1.60 24.75 4.30 0.00 13.18 filler filler filler filler filler filler filler Major Importers 8/ Nov 56.88 41.10 33.19 78.89 2.37 0.09 49.83 Dec 56.78 40.35 33.64 78.99 2.35 0.09 49.35 Mexico Nov 0.44 1.50 0.80 1.80 0.28 0.03 0.64 Dec 0.44 1.50 0.80 1.80 0.28 0.03 0.64 China Nov 48.42 25.00 5.30 39.00 0.05 0.00 39.67 Dec 48.42 25.00 5.30 39.00 0.05 0.00 39.67 European Union 9/ Nov 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Dec 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Nov 1.68 3.80 3.40 6.75 0.28 0.00 1.85 Dec 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Pakistan Nov 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Dec 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Indonesia Nov 0.62 3/ 3.35 3.30 0.01 0.00 0.67 Dec 0.62 3/ 3.45 3.40 0.01 0.00 0.67 Thailand Nov 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Dec 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Bangladesh Nov 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Dec 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Nov 0.88 3/ 6.50 6.10 0.00 0.00 1.29 Dec 0.88 3/ 6.50 6.10 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addi tion to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2017 WASDE - 572 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.73 313.77 133.33 275.36 314.35 132.55 77.92 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.55 206.91 132.69 224.02 259.88 79.69 72.57 Major Exporters 3/ 50.72 164.73 1.12 86.89 94.76 71.88 49.94 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 77.92 351.32 144.33 288.12 329.69 147.26 96.62 United States 5.35 116.92 0.61 51.68 55.52 59.16 8.20 Total Foreign 72.57 234.40 143.72 236.44 274.16 88.11 88.42 Major Exporters 3/ 49.94 185.78 1.96 88.05 96.22 79.23 62.23 Argentina 31.70 57.80 1.67 43.30 47.73 7.02 36.42 Brazil 18.20 114.10 0.25 40.90 44.55 63.14 24.86 Paraguay 0.03 10.67 0.01 3.65 3.72 6.17 0.82 Major Importers 4/ 19.73 16.80 122.53 113.21 135.89 0.39 22.79 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.38 14.40 16.04 0.22 1.06 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Nov 96.28 348.89 150.12 301.98 344.96 152.43 97.90 Dec 96.62 348.47 150.41 301.57 344.72 152.45 98.32 United States Nov 8.20 120.44 0.68 52.80 56.51 61.24 11.57 Dec 8.20 120.44 0.68 52.80 56.64 60.56 12.12 Total Foreign Nov 88.08 228.45 149.44 249.18 288.45 91.20 86.33 Dec 88.42 228.03 149.73 248.77 288.08 91.90 86.20 Major Exporters 3/ Nov 62.05 176.92 1.74 90.74 99.12 81.40 60.19 Dec 62.23 176.92 1.93 90.74 99.15 82.40 59.54 Argentina Nov 36.50 57.00 1.50 44.84 49.45 8.00 37.55 Dec 36.42 57.00 1.70 44.84 49.45 8.50 37.17 Brazil Nov 24.76 108.00 0.20 42.00 45.70 65.00 22.26 Dec 24.86 108.00 0.20 42.00 45.70 65.50 21.86 Paraguay Nov 0.66 9.40 0.01 3.70 3.76 6.00 0.32 Dec 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Major Importers 4/ Nov 22.59 18.18 127.25 120.68 144.56 0.40 23.06 Dec 22.79 18.18 127.25 120.68 144.56 0.40 23.26 China Nov 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Dec 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Nov 0.90 2.48 14.00 14.50 16.15 0.20 1.03 Dec 1.06 2.48 14.00 14.50 16.15 0.20 1.19 Japan Nov 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Dec 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Nov 0.10 0.48 4.30 4.72 4.76 0.00 0.13 Dec 0.15 0.48 4.30 4.72 4.76 0.00 0.17 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). December 2017 WASDE - 572 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.57 216.15 61.88 213.60 65.41 12.58 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.33 175.63 61.52 183.56 54.57 12.35 Major Exporters 3/ 8.39 68.52 0.07 23.58 46.14 7.26 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.56 52.59 0.51 1.84 European Union 0.66 11.81 19.20 30.89 0.30 0.48 Southeast Asia 5/ 1.24 2.89 15.64 18.25 0.21 1.31 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.58 226.07 60.74 222.22 64.65 12.52 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.35 185.49 60.42 191.97 54.13 12.15 Major Exporters 3/ 7.26 72.29 0.05 24.70 47.09 7.81 Argentina 4.23 33.27 0.00 2.85 31.32 3.33 Brazil 2.91 31.66 0.04 16.84 13.76 4.00 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.84 16.17 36.42 52.44 0.58 1.41 European Union 0.48 11.38 18.92 30.24 0.33 0.20 Southeast Asia 5/ 1.31 2.98 15.88 18.77 0.24 1.17 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 12.25 237.12 64.03 234.19 67.23 11.98 Dec 12.52 236.97 63.86 233.79 67.25 12.30 United States Nov 0.36 41.82 0.27 31.12 11.07 0.27 Dec 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Nov 11.88 195.30 63.76 203.07 56.17 11.71 Dec 12.15 195.15 63.59 202.68 56.19 12.03 Major Exporters 3/ Nov 7.53 73.94 0.04 25.99 48.15 7.38 Dec 7.81 74.12 0.04 25.99 48.25 7.74 Argentina Nov 3.05 34.42 0.00 3.06 31.20 3.21 Dec 3.33 34.42 0.00 3.06 31.20 3.50 Brazil Nov 4.00 32.50 0.03 17.48 15.25 3.80 Dec 4.00 32.50 0.03 17.48 15.25 3.80 India Nov 0.49 7.02 0.01 5.45 1.70 0.36 Dec 0.48 7.20 0.01 5.45 1.80 0.44 Major Importers 4/ Nov 1.36 16.45 37.98 53.77 0.53 1.48 Dec 1.41 16.45 37.68 53.47 0.53 1.54 European Union Nov 0.14 11.46 19.40 30.54 0.30 0.16 Dec 0.20 11.46 19.20 30.34 0.30 0.21 Southeast Asia 5/ Nov 1.17 3.22 16.73 19.61 0.23 1.28 Dec 1.17 3.22 16.73 19.61 0.23 1.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. December 2017 WASDE - 572 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.22 51.57 11.63 52.16 11.71 3.56 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.38 41.62 11.50 43.02 10.69 2.80 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.53 15.96 6.85 22.98 0.16 1.20 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.33 0.07 0.16 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.56 53.86 10.99 53.81 11.33 3.28 United States 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.80 43.84 10.85 44.81 10.17 2.51 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.47 0.76 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.84 0.14 Major Importers 4/ 1.20 17.93 5.88 23.83 0.20 0.97 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.16 0.50 1.63 2.08 0.08 0.13 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Nov 3.35 56.29 11.48 55.99 11.75 3.38 Dec 3.28 56.20 11.49 56.01 11.70 3.26 United States Nov 0.78 10.21 0.14 9.44 0.95 0.73 Dec 0.78 10.21 0.14 9.53 0.86 0.73 Total Foreign Nov 2.57 46.08 11.35 46.55 10.80 2.65 Dec 2.51 46.00 11.35 46.48 10.84 2.53 Major Exporters 3/ Nov 0.81 19.45 0.31 11.65 8.12 0.80 Dec 0.76 19.45 0.31 11.60 8.17 0.75 Argentina Nov 0.34 8.63 0.00 2.80 5.85 0.33 Dec 0.31 8.63 0.00 2.75 5.90 0.29 Brazil Nov 0.34 8.06 0.06 6.70 1.45 0.31 Dec 0.32 8.06 0.06 6.70 1.45 0.29 European Union Nov 0.13 2.76 0.25 2.16 0.82 0.16 Dec 0.14 2.76 0.25 2.16 0.82 0.17 Major Importers 4/ Nov 0.94 19.27 6.37 25.34 0.17 1.07 Dec 0.97 19.27 6.37 25.34 0.17 1.10 China Nov 0.54 17.02 0.50 17.40 0.10 0.56 Dec 0.54 17.02 0.50 17.40 0.10 0.56 India Nov 0.27 1.62 4.10 5.60 0.00 0.39 Dec 0.30 1.62 4.10 5.60 0.00 0.42 North Africa 5/ Nov 0.14 0.62 1.77 2.34 0.07 0.12 Dec 0.13 0.62 1.77 2.34 0.07 0.12 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. December 2017 WASDE - 572 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 IV 6,625 6,648 13,329 10,065 1,511 11,708 25,037 2,220 52.5 Annual 25,221 24,941 50,387 40,695 5,981 47,225 97,612 8,565 212.4 2017 I 6,300 6,409 12,764 10,233 1,487 11,848 24,612 2,174 53.6 II 6,404 6,137 12,595 10,407 1,481 12,023 24,618 2,175 55.3 III 6,731 6,239 13,023 10,551 1,479 12,167 25,191 2,187 53.5 IV* 6,870 6,775 13,700 10,350 1,550 12,035 25,735 2,210 53.4 Annual Nov Proj. 26,400 25,740 52,358 41,540 5,997 48,072 100,430 8,771 215.8 Dec Proj. 26,305 25,560 52,082 41,541 5,997 48,073 100,155 8,746 215.7 2018 I* 6,430 6,700 13,183 10,400 1,475 12,008 25,191 2,215 54.4 II* 6,920 6,390 13,365 10,625 1,500 12,265 25,630 2,195 56.2 III* 7,035 6,580 13,669 10,700 1,500 12,340 26,009 2,240 54.3 Annual Nov Proj. 27,620 26,925 54,763 42,275 6,025 48,848 103,611 8,905 219.7 Dec Proj. 27,590 26,915 54,723 42,275 6,025 48,848 103,571 8,935 219.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV* 116-119 44-45 85-86 86-87 143-146 17.75 -17.95 Annual Nov Proj. 121.80 49.01 93.8 96.6 94.7 17.65 -17.75 Dec Proj. 121.42 50.38 93.4 95.7 100.3 17.60 -17.70 2018 I* 117-123 47-49 88-92 83-87 106-112 16.50 -17.00 II* 112-122 49-53 86-94 91-99 91-99 16.20 -17.00 III* 110-120 47-51 84-92 96-104 96-104 16.40 -17.40 Annual Nov Proj. 113-122 43-47 85-92 96-103 92-99 16.90 -17.80 Dec Proj. 113-122 46-49 85-92 93-100 100-107 16.65 -17.45 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs , hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. December 2017 WASDE - 572 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.6 2017 Proj. Nov 757 26,467 2,966 30,190 2,855 700 26,635 57.3 Dec 757 26,372 2,966 30,095 2,875 700 26,520 57.0 2018 Proj. Nov 700 27,687 3,030 31,417 2,970 715 27,732 59.2 Dec 700 27,657 3,030 31,387 2,985 715 27,687 59.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Proj. Nov 507 25,756 1,113 27,376 5,588 630 21,158 50.4 Dec 507 25,576 1,113 27,196 5,588 630 20,978 50.0 2018 Proj. Nov 630 26,941 1,000 28,571 5,900 660 22,011 52.1 Dec 630 26,931 1,000 28,561 5,900 660 22,001 52.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.9 2017 Proj. Nov 1,304 52,451 4,330 58,085 8,450 1,374 48,261 109.0 Dec 1,304 52,175 4,330 57,809 8,470 1,374 47,965 108.3 2018 Proj. Nov 1,374 54,856 4,272 60,502 8,878 1,419 50,205 112.6 Dec 1,374 54,816 4,272 60,462 8,893 1,419 50,150 112.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,260 131 41,223 6,644 778 33,800 89.8 2017 Proj. Nov 778 41,096 123 41,997 6,713 780 34,504 91.0 Dec 778 41,097 123 41,998 6,713 825 34,460 90.9 2018 Proj. Nov 780 41,823 130 42,733 6,910 780 35,043 91.8 Dec 825 41,823 130 42,778 6,910 790 35,078 91.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Proj. Nov 279 5,997 28 6,304 618 300 5,386 16.5 Dec 279 5,997 28 6,304 623 325 5,356 16.4 2018 Proj. Nov 300 6,025 40 6,365 650 300 5,415 16.5 Dec 325 6,025 40 6,390 655 300 5,435 16.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,789 184 48,014 7,372 1,065 39,577 107.6 2017 Proj. Nov 1,065 47,627 154 48,847 7,464 1,088 40,294 108.8 Dec 1,065 47,628 154 48,848 7,469 1,158 40,220 108.6 2018 Proj. Nov 1,088 48,395 174 49,657 7,705 1,088 40,864 109.6 Dec 1,158 48,395 174 49,727 7,710 1,098 40,919 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,269 4,506 104,136 15,173 2,369 86,595 214.6 2017 Proj. Nov 2,369 100,078 4,484 106,931 15,914 2,462 88,555 217.8 Dec 2,369 99,803 4,484 106,656 15,939 2,532 88,185 216.9 2018 Proj. Nov 2,462 103,251 4,446 110,159 16,583 2,507 91,069 222.1 Dec 2,532 103,211 4,446 110,189 16,603 2,517 91,069 222.2 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2017 WASDE - 572 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 27.0 26.0 Production 8,053.0 8,565.0 8,771.3 8,746.3 8,905.0 8,935.0 Imports 123.5 121.9 37.4 34.4 40.0 40.0 Total Supply 8,199.8 8,718.0 8,835.8 8,807.8 8,972.0 9,001.0 Use Exports 313.6 279.0 313.0 323.0 320.0 320.0 Hatching Use 995.6 1,009.6 1,028.7 1,033.7 1,030.0 1,030.0 Ending Stocks 31.1 27.1 27.0 26.0 27.0 27.0 Disappearance Total 6,859.4 7,402.3 7,467.1 7,425.1 7,595.0 7,624.0 Per Capita (number) 256.3 274.7 275.2 273.7 278.0 279.1 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 208.6 212.4 215.8 215.7 219.7 219.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.6 13.6 Marketings 207.6 211.4 214.8 214.7 218.7 218.3 Imports 5.8 7.0 6.1 6.1 6.1 6.1 Total Cml. Supply 223.9 230.8 233.6 233.6 238.4 238.0 Fat Basis Use Commercial Exports 8.5 8.4 9.1 9.1 9.4 9.4 Ending Commercial Stocks 12.3 12.7 13.6 13.6 12.4 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 210.9 210.8 216.7 215.9 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 12.6 12.6 Marketings 207.6 211.4 214.8 214.7 218.7 218.3 Imports 6.0 6.5 6.1 6.1 6.1 6.1 Total Cml. Supply 223.1 227.1 230.4 230.4 237.4 237.0 Skim -solid Basis Use Commercial Exports 37.3 39.0 39.9 40.1 41.7 41.8 Ending Commercial Stocks 9.2 9.5 12.6 12.6 10.7 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.9 177.6 185.1 183.2 Total Note: Totals may not add due to rounding. December 2017 WASDE - 572 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.630 - 1.640 1.630 - 1.640 1.625 - 1.715 1.620 - 1.700 Butter 2.0670 2.0777 2.325 - 2.355 2.315 - 2.345 2.285 - 2.405 2.270 - 2.380 Nonfat Dry Milk 0.9016 0.8292 0.860 - 0.880 0.855 - 0.875 0.770 - 0.840 0.745 - 0.805 Dry Whey 0.3804 0.2875 0.440 - 0.450 0.440 - 0.450 0.325 - 0.355 0.310 - 0.340 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.15 - 16.25 16.15 - 16.25 15.50 - 16.40 15.30 - 16.10 Class IV 14.35 13.77 15.10 - 15.30 15.05 - 15.25 14.15 - 15.15 13.90 - 14.80 All Milk 3/ 17.13 16.30 17.65 - 17.75 17.60 - 17.70 16.90 - 17.80 16.65 - 17.45 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . December 2017 WASDE - 572 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Cha nces are 9 out of 10 (90% confidence level) that the difference will not exceed 1.4 percent. The average difference between the Dec ember projection and the final estimate is 3.8 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 27 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.4 3.8 0.4 10.2 27 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 13 Foreign 0.9 1.6 3.8 0.3 10.3 27 9 Exports World 5.3 9.0 5.5 0.1 18.3 30 6 U.S. 5.8 9.8 1.6 0.2 3.9 20 16 Foreign 6.6 11.1 5.4 0.5 17.9 32 4 Domestic Use World 1.3 2.1 5.5 0.1 16.7 20 16 U.S. 6.0 10.2 1.6 0.1 3.6 10 26 Foreign 1.3 2.2 5.6 0.1 16.1 24 12 Ending Stocks World 5.6 9.5 6.8 0.9 19.4 26 10 U.S. 10.6 18.0 1.7 0.1 7.0 24 12 Foreign 5.8 9.8 5.6 0.4 19.3 25 11 COARSE GRAINS 2/ Production World 1.4 2.4 11.6 0.0 36.0 26 10 U.S. 1.3 2.2 2.4 0.0 7.5 18 18 Foreign 2.0 3.4 11.7 0.3 37.5 25 11 Exports World 6.9 11.7 6.6 0.1 33.3 27 9 U.S. 15.4 26.1 5.3 0.1 12.8 16 20 Foreign 12.0 20.3 6.6 0.0 27.1 24 11 Domestic Use World 1.3 2.1 9.7 0.3 36.5 21 15 U.S. 3.6 6.2 4.9 0.1 17.9 17 19 Foreign 1.5 2.5 9.0 0.3 36.9 23 13 Ending Stocks World 9.8 16.6 12.3 1.0 30.3 29 7 U.S. 19.3 32.7 7.4 0.7 23.9 19 17 Foreign 12.9 22.0 10.5 0.1 31.8 29 7 RICE, milled Production World 2.0 3.3 5.5 0.0 16.2 29 7 U.S. 2.9 5.0 0.1 0.0 0.5 18 14 Foreign 2.0 3.4 5.5 0.1 16.2 30 6 Exports World 9.4 15.9 1.7 0.1 6.1 28 8 U.S. 7.6 12.9 0.2 0.0 0.6 19 15 Foreign 10.6 17.9 1.7 0.0 6.0 26 10 Domestic Use World 1.6 2.7 3.9 0.0 15.9 25 11 U.S. 7.6 12.9 0.2 0.0 0.6 17 19 Foreign 1.6 2.7 3.8 0.0 16.1 25 11 Ending Stocks World 10.8 18.3 5.3 0.1 27.9 29 7 U.S. 21.8 37.0 0.2 0.0 0.8 20 16 Foreign 11.1 18.8 5.3 0.2 27.7 29 7 1/ Footnotes at end of table. CONTINUED December 2017 WASDE - 572 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.5 5.4 0.1 23.8 21 15 U.S. 2.0 3.4 1.1 0.1 2.7 15 21 Foreign 6.4 10.8 5.5 0.1 25.1 18 18 Exports World 7.0 11.8 3.1 0.1 13.1 22 14 U.S. 9.3 15.7 2.1 0.1 6.4 22 14 Foreign 17.9 30.4 2.8 0.0 11.4 18 18 Domestic Use World 2.8 4.7 3.8 0.0 13.2 20 16 U.S. 3.5 6.0 1.2 0.0 3.6 23 13 Foreign 3.3 5.7 3.4 0.2 11.9 21 15 Ending Stocks World 15.8 26.8 4.4 0.1 18.5 21 15 U.S. 45.4 77.1 2.2 0.2 7.3 10 26 Foreign 17.4 29.6 4.0 0.1 18.3 22 14 COTTON Million 480 -Pound Bales Production World 3.2 5.4 2.4 0.0 7.2 20 15 U.S. 2.0 3.5 0.2 0.0 0.8 18 17 Foreign 3.8 6.4 2.3 0.0 7.1 19 16 Exports World 7.1 12.1 1.9 0.1 9.0 22 14 U.S. 14.1 23.9 0.9 0.0 3.0 23 13 Foreign 9.2 15.6 1.4 0.0 8.3 19 16 Domestic Use World 2.8 4.8 2.1 0.1 8.2 18 18 U.S. 6.1 10.4 0.3 0.0 1.0 19 16 Foreign 2.9 4.9 2.0 0.1 7.9 20 16 Ending Stocks World 11.2 19.1 4.2 0.5 12.0 21 15 U.S. 28.1 47.7 1.0 0.1 3.2 10 26 Foreign 11.9 20.2 4.0 0.1 12.1 25 11 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. 2/ Includes corn, sorghum, barley, oat s, rye, millet, and mixed grain. December 2017 WASDE - 572 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.3 88 0 250 18 17 Exports 16.0 27.1 186 9 467 16 20 Domestic Use 3.9 6.6 187 14 574 21 15 Ending Stocks 22.1 37.6 287 16 986 19 17 SORGHUM Production 4.2 7.2 15 1 53 18 18 Exports 17.3 29.4 28 0 123 24 11 Domestic Use 18.8 31.9 36 0 127 15 20 Ending Stocks 45.8 77.7 25 1 104 13 23 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 30.8 52.3 9 0 37 13 21 Domestic Use 6.6 11.1 16 0 70 13 22 Ending Stocks 12.3 20.9 13 0 39 25 9 OATS Production 1.1 1.9 2 0 18 7 9 Exports 73.9 125.5 1 0 7 9 10 Domestic Use 4.8 8.1 12 1 39 15 21 Ending Stocks 20.4 34.6 14 1 52 23 13 SOYBEAN MEAL Thousand Short Tons Production 3.4 5.8 1,002 152 2,578 22 14 Exports 11.1 18.9 689 100 2,850 21 15 Domestic Use 3.3 5.6 704 50 2,293 18 18 Ending Stocks 34.1 57.9 59 0 214 15 19 SOYBEAN OIL Million Pounds Production 3.5 5.9 445 43 1,530 24 12 Exports 27.0 45.8 318 0 1,325 19 15 Domestic Use 3.8 6.4 449 25 1,761 22 14 Ending Stocks 21.8 37.0 298 1 1,051 22 14 ANIMAL PROD. Million Pounds Beef 3.6 6.1 723 9 2,311 26 9 Pork 3.3 5.6 426 20 1,592 21 14 Broilers 1.8 3.0 391 1 1,346 21 14 Turkeys 3.0 5.1 121 2 407 21 14 Million Dozen Eggs 1.9 3.3 105 3 515 24 11 Billion Pounds Milk 1.6 2.6 1.8 0.0 6.1 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2016/17. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -572-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 United States Department of Agriculture Agricultural Outlook Forum February 22-23, 2018 Crystal Gateway Marriott Hotel Arlington, Virginia www.usda.gov/oce/forumtHe Roots of PRospeRity USDA’s 94th Annual WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -572 – December 12, 2017 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 621 Approved by the World Agricultural Outlook Board February 9, 2022 WH EAT: The outlook for 2021/22 U.S. wheat this month is for stable supplies, lower domestic use, reduced exports, and higher ending stocks. Food use is lowered 3 million bushels to 959 million with durum accounting for the entire reduction. This is primarily based on the latest NASS Flour Milling Products report. Seed use is revised downward 2 million bushels to 64 million on the incorporation of NASS seed use data for the first two quarters of the marketing year. Seed use is also revised for the previous two years with updated NASS data. Exports are lowered 15 million bushels to 810 million on slowing export sales and shipments with reductions for Hard Red Winter and White. Projected 2021/22 ending stocks are raised 20 million bushels to 648 million but are still 23 percent lower than last year. The projected season -average farm price (SAFP) is raised $0.15 per bushel to $7.30 on NASS prices reported to date and expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13. The global wheat outlook for 2021/22 is for lower supplies, higher consumption, increased trade, and reduced ending stocks. Supplies are projected falling by 1.1 million tons to 1,066.3 million as reduced production more than offsets higher beginning stocks. The majority of production decreases are in the Middle East, where both Iraq and Syria are reduced due to the prolonged dry conditions. Projected 2021/22 world consumption is raised 0.6 million tons to 788.1 million on higher feed and residual use more than offsetting lower food, seed, and industrial use. The largest feed and residual use changes are for Canada and China. Canada is raised 1.7 million to 4.5 million as the Statistics Canada December 31 stocks report indicated g reater August -December disappearance than previously expected. China is lowered 1.0 million tons to 35.0 million as domestic wheat prices are no longer at a discount to corn and wheat auctions have not been as active this year. Pr ojected 2021/22 global trade is raised 2.3 million tons to 206.7 million, primarily on higher exports by India and Argentina. India’s exports are increased to 7.0 million tons, which would be a record - exceeding 2012/13 exports. India’s export pace continues to be robust, and its prices are competitive in Asian markets. Argentina’s exports are raised 0.5 million tons to a record 14.0 million on an early strong pace. Pr ojected 2021/22 world ending stocks are lowered 1.7 million tons to 278.2 million with reductions for Canada and India partially offset by increases by the United States and Ukraine. Global stocks are now projected at a 5-year low. WASDE- 621-2 COARSE GRAINS: This month’s 2021/22 U.S. corn supply and use is unchanged relative to last month. The season- average farm price remains at $5.45 per bushel. Gl obal coarse grain production for 2021/22 is projected 2.7 million tons lower to 1,497.4 million . This m onth’s foreign coarse grain outlook is for lower production and consumption, and smaller ending stocks relative to last month. Foreign corn production is lower, mostly reflecting declines for Brazil and Paraguay that are partially offset by an increase for the Philippines. Brazil corn production is reduced based on lower yield expectations for first crop corn. Paraguay corn production is down as extreme heat and dryness sharply reduce yield prospects. Foreign barley production is reduced reflecting declines for Iraq and Syria. Maj or global coarse grain trade changes for 2021/22 include lower corn exports for Paraguay. For 2020/21, Argentina and Brazil’s exports for the marketing year beginning in March 2021 are raised based on observed shipments to dat e. For 2021/22, corn imports are raised for Iran and Canada. Barley exports are increased for the EU, with higher imports projected for China but lowered for Saudi Arabia. Foreign corn ending stocks are down, mostly reflecting a forecast reduction for Brazil that is partly offset by an increase for Argentina. Global corn stocks, at 302.2 million tons, are down 0.9 million. RICE : This month’s outlook for 2021/22 U.S. rice is for smaller supplies, unchanged domestic use, lower exports, and higher ending stocks. Total imports are lowered 0.5 million cwt to 30.5 million on reduced imports of medium - and short -grain rice. Medium - and short - grain imports are now forecast at 6.5 million cwt, down primarily because of the timing of Puerto Rico imports this marketing year (MY). Exports of medium - and short grain- rice are lowered 1.0 million cwt to 23.0 million, as higher U.S. prices a re expected to continue affecting sales for the remainder of the MY. Long grain exports are unchanged at 64.0 million cwt. Projected 2021/22 all rice ending stocks are increased 0.5 million cwt to 33.5 million but still down 23 percent from last year. T he season- average farm price for all rice is forecast at $15.70 per cwt, up 60 cents per cwt on higher reported cash prices through December and expectations regarding prices for the remainder of the MY. Gl obal 2021/22 rice supplies are increased by 0.4 million tons to 696.7 million, as higher production in Pakistan and Bangladesh more than offsets a decrease in Brazil. Total trade in 2021/22 increases 1.0 million tons to 50.9 million, mostly on higher exports by India. In the first three months of its MY, India’s rice exports were larger than a year earlier and demand for Indian rice remains strong, including increased shipments of broken rice. India’s exports are raised 0.8 million tons to 20.0 million, slightly below last year’s record. Exports from Pakistan are forecast 0.2 million tons higher to 4.2 million because of larger production. World ending stocks are projected up slightly at 186.3 million, and just below last year’s record, with China holding 61 percent of global stocks. OI LSEEDS: This month’s 2021/22 U.S. soybean outlook is for increased soybean crush and lower ending stocks. Soybean crush is forecast at 2. 215 billion bushels, up 25 million from last month on favorable crush margins and improving prospects for soybean meal exports. Soybean meal exports are reduced for Argentina, Brazil, and Paraguay as WASDE- 621-3 drought -reduced crops limit crush prospects. With soybean exports unchanged, ending stocks are reduced 25 million bushels to 325 million. The U.S. season- average soybean price for 2021/22 is forecast at $13.00 per bushel, up 40 cents from last month partly reflecting the impact of drought in South America. The soybean meal price is forecast at $410.00 per short ton, up 35 dollars. The soybean oil price forecast is raised 1 cent to 66.0 cents per pound. Gl obal 2021/22 soybean supply and demand forecasts include lower production, crush, exports, and stocks. Global soybean production is reduced 8.7 million tons to 363.9 million on drought in South America. Brazil’s soybean crop is lowered 5 million tons to 134 million, Paraguay is lowered 2.2 million to 6.3 million, and Argentina is reduced 1.5 million to 45 million. Exports and crush are lowered in all three countries. Lower supplies and higher prices reduce global meal demand, particularly for China where soybean crush and imports are lowered 3 million tons to 94 and 97 million, respectively. Global soybean ending stocks are reduced 2.4 million tons to 92.8 million. Another notable oilseed change includes a 1.3- million -ton increase to 10.8 million for Indian rapeseed production on a faster -than- expected planting pace and higher yields. SUG AR: The U.S. sugar supply for 2021/22 is increased 45,434 short tons, raw value (STRV) as an increase in cane sugar production is only minimally offset by a reduction in imports. Louisiana cane sugar production for 2021/22 is increased by 49,170 STRV to 1,905,741 on industry reporting. The sugarcane harvest ran longer through January than normal and the crop had strong sucrose content. Raw sugar imports entering under the 2020/21 TRQ that had been extended to December 31 are adjusted down 3,736 STRV by U.S. Customs and Border Protection. There is no change to sugar use this month. Ending stocks are increased by the amount of increased supply to 1,818,472 STRV for a stocks- to-use ratio of 14.74 percent. Ther e are only small changes for the 2021/22 Mexico supply and use. Imports for consumption are reduced by 9,000 metric tons (MT) due to lower domestic prices. Deliveries to the IMMEX program are increased by 11,057 MT to 497,000 on greater pace- to-date deliveries. Ending stocks are up slightly and residually determined exports , other than those to the United States under the AD/CVD Suspension Agreements , are reduced by 22,360 MT. LI VESTOCK, POULTRY, AND DAIRY : Estimates of 2021 red meat, poultry, and egg production are adjusted to reflect December production data. The 2022 forecast for total red meat and poultry production is lowered slightly from last month, as higher forecast beef production is more than offset by lower pork, broiler, and turkey production. The beef production forecast is raised from the previous month as larger expected placements during first -half 2022 are marketed in the latter half of the year. However, the increase in fed cattle slaughter is partly offset by lower non -fed cattle slaughter. Pork production is lowered on a slower pace of slaughter. Broiler and turkey production forecasts are reduced on current hatchery data and higher expected feed costs. The egg production forecast is reduced from last month as higher feed costs are expected to temper production growth. WASDE- 621-4 Livestock, poultr y, an d egg tra de estimates for 2021 are adjuste d to reflect December trade data. For 2022, t he beef import forecast is raised on stron g dem and for pr ocessing beef; t he export forecast is unchanged. Pork exports are reduce d on continued weakness in demand from Chi na and increas ed competiti on in other markets. Th e broiler export forecast is lower ed on weaker dema nd from a number of Asi an markets. The turkey export forecast is reduc ed from last month on slower demand. Fed- cattle prices ar e raised for the secon d half of the year on firm packer demand. Hog, broile r, turke y, and eg g price forecasts ar e rais ed on current prices and slower growth of production expected during the yea r. Egg prices ar e also raised on current prices an d slower production growth. The 2021 milk production, trade, an d stock estimates ar e adjuste d to reflect December data. For 2022, t he milk producti on forecast is lowered from last month, o n lower dairy cow numbers. The Cattle report estimated the dairy cow inventory on January 1 almost one percent below 2021, an d the number of heifers hel d for dairy cow replacement was 3 percent lowe r. The 2022 fat basis import forecast is raised on higher expect ed imports of butter, whil e exports ar e reduce d on lower expect ed shipments of butter and cheese. On a skim -s olids bas is, the import f orecast is raised, r eflecting higher imports of m ilk proteins and several other dairy -containing products whil e the export forecast is reduc ed on weaker expect ed sales of whey products and skim milk powde r. Annual product price forecasts for cheese, butter, nonfat dry milk, and whey are raised from the previous month on current prices, lower expected milk production, and tightening stocks. With higher product prices, both the Class III and the Class IV prices ar e raised. The 2022 all milk price forecast is increased to $23.55 per cwt. COTTON : The 2021/ 22 U.S. cott on supply and deman d forecasts show slightly lower exports and higher endi ng stocks relative to last month, while production and domestic mill us e are unchanged. T he export forecast is lowered 250,00 0 bales to 14. 75 million based on laggi ng shipments due to logistical issues. T he upla nd cotton marketing year averag e pric e receive d by producers is project ed at 90 cents per pound, unchanged from Januar y. W orld 2021/22 cotton ending stocks ar e 700,000 bales lower this month, largely a result of an 800,000- bale drop in production. India’s crop is reduce d 500,000 bales as a slow pace for market arrivals indicates weaker t han expected yields, and Tanzania’s crop is 345,00 0 bales lower bas ed on updated government dat a on planted area. World beginnin g stocks for 2021/2 2 are 240,00 0 bales higher as several years of historical revisions for Ir an and Syri a rais e global beginni ng stocks a nd consumptio n slightl y. Projected consumptio n is nearly 200,0 00 bales higher this month. World trade is 120,000 bales lower as China’s imports ar e reduce d 250, 000 bales, partly offset by a n increase for India’s imports. Falli ng U.S., Brazilian , and Indi an exports ar e partly offset by a higher export forecast for Australia. WASDE- 621-5 Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 621-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2022 the WASDE report will be released on Mar 9, Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 621-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quart erly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 February 2022 WASDE - 621 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2678.13 3487.58 448.00 2672.66 814.92 2020/21 (Est.) 2717.10 3532.02 484.18 2734.44 797.58 filler filler filler filler filler 2021/22 (Proj.) Jan 2788.52 3585.81 507.48 2791.73 794.08 2021/22 (Proj.) Feb 2784.08 3581.66 510.63 2790.12 791.54 filler filler filler filler filler Wheat 2019/20 762.17 1043.26 193.87 746.73 296.54 2020/21 (Est.) 775.87 1072.40 202.66 782.54 289.87 filler filler filler filler filler 2021/22 (Proj.) Jan 778.60 1067.42 204.40 787.47 279.95 2021/22 (Proj.) Feb 776.42 1066.29 206.69 788.08 278.21 filler filler filler filler filler Coarse Grains 5/ 2019/20 1417.08 1768.87 210.73 1432.18 336.69 2020/21 (Est.) 1433.77 1770.45 230.93 1449.17 321.29 filler filler filler filler filler 2021/22 (Proj.) Jan 1500.05 1822.04 253.21 1493.97 328.07 2021/22 (Proj.) Feb 1497.36 1818.64 253.08 1491.64 327.00 filler filler filler filler filler Rice, milled 2019/20 498.87 675.45 43.40 493.75 181.70 2020/21 (Est.) 507.46 689.16 50.59 502.74 186.42 filler filler filler filler filler 2021/22 (Proj.) Jan 509.87 696.35 49.86 510.29 186.06 2021/22 (Proj.) Feb 510.31 696.73 50.86 510.40 186.33 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 351.02 58.40 filler filler filler filler filler 2021/22 (Proj.) Jan 449.59 514.10 94.99 359.34 59.76 2021/22 (Proj.) Feb 449.59 514.08 94.55 359.20 60.32 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.48 23.00 filler filler filler filler filler 2021/22 (Proj.) Jan 44.79 70.51 22.45 30.97 17.09 2021/22 (Proj.) Feb 44.79 70.51 22.05 30.84 17.63 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.70 34.01 filler filler filler filler filler 2021/22 (Proj.) Jan 398.71 435.12 69.75 323.75 41.63 2021/22 (Proj.) Feb 398.71 435.12 69.75 323.75 41.63 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.22 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Jan 6.09 8.46 2.79 4.62 1.05 2021/22 (Proj.) Feb 6.09 8.45 2.76 4.62 1.06 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2022 WASDE - 621 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,260.23 2,971.29 368.19 2,316.91 734.20 2020/21 (Est.) 2,287.23 3,015.15 376.73 2,383.42 739.18 filler filler filler filler filler 2021/22 (Proj.) Jan 2,338.93 3,071.71 412.48 2,432.39 734.32 2021/22 (Proj.) Feb 2,334.49 3,067.58 416.08 2,430.92 731.21 filler filler filler filler filler Wheat 2019/20 709.59 958.47 167.50 716.29 268.55 2020/21 (Est.) 726.12 991.94 175.67 752.06 266.87 filler filler filler filler filler 2021/22 (Proj.) Jan 733.81 996.91 181.95 756.50 262.86 2021/22 (Proj.) Feb 731.63 995.77 184.65 757.24 260.57 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,057.65 1,345.85 160.28 1,111.45 284.86 2020/21 (Est.) 1,060.88 1,343.26 153.45 1,133.47 287.27 filler filler filler filler filler 2021/22 (Proj.) Jan 1,101.34 1,386.92 183.47 1,170.22 286.44 2021/22 (Proj.) Feb 1,098.65 1,383.52 183.33 1,167.89 285.37 filler filler filler filler filler Rice, milled 2019/20 492.99 666.96 40.41 489.16 180.79 2020/21 (Est.) 500.23 679.95 47.61 497.89 185.04 filler filler filler filler filler 2021/22 (Proj.) Jan 503.78 687.88 47.07 505.66 185.01 2021/22 (Proj.) Feb 504.22 688.28 48.10 505.78 185.27 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.01 201.11 41.16 103.22 97.47 2020/21 (Est.) 111.79 209.26 48.69 121.01 88.66 filler filler filler filler filler 2021/22 (Proj.) Jan 120.96 209.37 46.56 124.24 85.01 2021/22 (Proj.) Feb 120.15 208.81 46.45 124.43 84.31 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Jan 17.62 20.78 15.00 2.55 3.20 2021/22 (Proj.) Feb 17.62 20.78 14.75 2.55 3.50 filler filler filler filler filler Foreign 4/ 2019/20 101.10 176.34 25.64 101.07 90.22 2020/21 (Est.) 97.18 187.40 32.31 118.61 85.51 filler filler filler filler filler 2021/22 (Proj.) Jan 103.33 188.59 31.56 121.69 81.81 2021/22 (Proj.) Feb 102.53 188.03 31.70 121.88 80.81 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2022 WASDE - 621 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 581.01 714.97 190.80 508.28 112.66 2020/21 (Est.) 603.63 716.29 190.98 508.25 113.88 filler filler filler filler filler 2021/22 (Proj.) Jan 619.17 733.05 194.39 525.88 107.32 2021/22 (Proj.) Feb 611.48 725.36 188.28 521.16 104.73 filler filler filler filler filler Oilmeals 2019/20 346.66 366.13 95.66 341.08 19.17 2020/21 (Est.) 348.47 367.64 96.27 345.58 16.94 filler filler filler filler filler 2021/22 (Proj.) Jan 359.91 376.16 98.55 354.09 16.55 2021/22 (Proj.) Feb 355.87 372.80 97.21 350.91 16.31 filler filler filler filler filler Vegetable Oils 2019/20 207.21 233.13 87.14 201.72 26.99 2020/21 (Est.) 206.41 233.40 84.94 205.19 25.15 filler filler filler filler filler 2021/22 (Proj.) Jan 213.91 238.47 89.85 210.67 23.73 2021/22 (Proj.) Feb 213.20 238.36 88.05 210.28 24.01 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.49 141.66 62.64 62.66 8.61 filler filler filler filler filler 2021/22 (Proj.) Jan 130.59 140.26 56.80 63.52 11.08 2021/22 (Proj.) Feb 130.59 140.26 56.77 64.11 10.41 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.25 53.01 12.71 39.92 0.39 filler filler filler filler filler 2021/22 (Proj.) Jan 49.00 52.94 12.95 39.56 0.44 2021/22 (Proj.) Feb 49.32 53.26 13.31 39.51 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.70 18.86 1.04 16.53 1.29 filler filler filler filler filler 2021/22 (Proj.) Jan 12.99 19.35 0.84 17.30 1.21 2021/22 (Proj.) Feb 13.09 19.45 0.84 17.32 1.28 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 474.03 580.24 143.83 445.24 96.71 2020/21 (Est.) 479.14 574.63 128.35 445.60 105.28 filler filler filler filler filler 2021/22 (Proj.) Jan 488.58 592.79 137.60 462.36 96.25 2021/22 (Proj.) Feb 480.89 585.10 131.51 457.05 94.32 filler filler filler filler filler Oilmeals 2019/20 297.90 312.82 82.83 300.98 18.79 2020/21 (Est.) 300.22 314.63 83.56 305.66 16.55 filler filler filler filler filler 2021/22 (Proj.) Jan 310.91 323.22 85.60 314.53 16.12 2021/22 (Proj.) Feb 306.55 319.55 83.90 311.39 15.87 filler filler filler filler filler Vegetable Oils 2019/20 194.57 214.42 85.64 185.73 25.78 2020/21 (Est.) 193.71 214.54 83.90 188.67 23.86 filler filler filler filler filler 2021/22 (Proj.) Jan 200.92 219.12 89.01 193.37 22.52 2021/22 (Proj.) Feb 200.11 218.90 87.21 192.96 22.72 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2022 WASDE - 621 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 100 100 Supply, Total 3,116 2,957 2,591 2,591 Food 962 961 962 959 Seed 62 64 66 64 Feed and Residual 95 95 110 110 Domestic, Total 1,118 1,120 1,138 1,133 Exports 969 992 825 810 Use, Total 2,087 2,111 1,963 1,943 Ending Stocks 1,028 845 628 648 Avg. Farm Price ($/bu) 2/ 4.58 5.05 7.15 7.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 577 451 276 105 2,591 Domestic Use 507 244 239 80 65 1,133 Exports 325 205 120 145 15 810 Use, Total 832 449 359 225 80 1,943 Ending Stocks, Total Feb 351 129 92 51 25 648 Ending Stocks, Total Jan 340 128 92 46 22 628 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2022 WASDE - 621 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.5 94.5 Metric Tons Yield per Harvested Acre 4.03 4.11 4.22 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 398.5 398.5 Imports 2.8 2.2 2.2 2.2 Supply, Total 422.4 426.6 434.6 434.6 Feed and Residual 154.3 146.3 147.6 147.6 Food, Seed & Industrial 165.9 168.8 175.6 175.6 Domestic, Total 320.2 315.2 323.3 323.3 Exports 50.4 77.5 69.7 69.7 Use, Total 370.6 392.6 393.0 393.0 Ending Stocks 51.8 34.0 41.6 41.6 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Million Acres Area Planted 89.7 90.7 93.4 93.4 Area Harvested 81.3 82.3 85.4 85.4 Bushels Yield per Harvested Acre 167.5 171.4 177.0 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,235 1,235 Production 13,620 14,111 15,115 15,115 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,375 16,375 Feed and Residual 5,900 5,602 5,650 5,650 Food, Seed & Industrial 2/ 6,286 6,466 6,760 6,760 Ethanol & by -products 3/ 4,857 5,028 5,325 5,325 Domestic, Total 12,186 12,068 12,410 12,410 Exports 1,777 2,753 2,425 2,425 Use, Total 13,963 14,821 14,835 14,835 Ending Stocks 1,919 1,235 1,540 1,540 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. February 2022 WASDE - 621 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 69.0 69.0 Beginning Stocks 64 30 20 20 Production 341 373 448 448 Imports 0 0 0 0 Supply, Total 405 403 468 468 Feed and Residual 97 89 115 115 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 99 125 125 Exports 203 284 310 310 Use, Total 375 383 435 435 Ending Stocks 30 20 33 33 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.45 5.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 9 9 Supply, Total 266 258 198 198 Feed and Residual 38 26 15 15 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 130 130 Exports 6 14 11 11 Use, Total 186 186 141 141 Ending Stocks 80 71 57 57 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.15 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 77 77 Supply, Total 183 188 155 155 Feed and Residual 63 68 45 45 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 125 125 Exports 2 3 2 2 Use, Total 146 150 127 127 Ending Stocks 37 38 28 28 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.80 4.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 2022 WASDE - 621 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Million Acres Area Planted 2.55 3.04 2.53 2.53 Area Harvested 2.48 2.99 2.49 2.49 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,709 7,709 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.5 191.8 191.8 Imports 37.3 34.1 31.0 30.5 Supply, Total 267.3 290.2 266.5 266.0 Domestic & Residual 3/ 144.4 152.7 145.5 145.5 Exports, Total 4/ 94.2 93.9 88.0 87.0 Rough 31.3 34.6 34.0 34.0 Milled (rough equiv.) 62.9 59.3 54.0 53.0 Use, Total 238.6 246.6 233.5 232.5 Ending Stocks 28.7 43.7 33.0 33.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.40 15.10 15.70 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Harvested Acres (mil.) 1.73 2.30 1.94 1.94 Yield (pounds/acre) 7,261 7,422 7,471 7,471 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 24.0 24.0 Production 125.6 170.8 144.6 144.6 Supply, Total 7/ 188.0 215.1 198.4 198.4 Domestic & Residual 3/ 106.3 120.2 113.0 113.0 Exports 8/ 64.8 65.1 64.0 64.0 Use, Total 171.1 185.3 177.0 177.0 Ending Stocks 16.9 29.7 21.4 21.4 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.20 13.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Harvested Acres (mil.) 0.75 0.69 0.55 0.55 Yield (pounds/acre) 7,964 8,282 8,543 8,543 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 7.0 6.5 Production 59.5 56.7 47.2 47.2 Supply, Total 7/ 78.3 72.7 65.6 65.1 Domestic & Residual 3/ 38.2 32.4 32.5 32.5 Exports 8/ 29.4 28.8 24.0 23.0 Use, Total 67.6 61.2 56.5 55.5 Ending Stocks 10.7 11.5 9.1 9.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 20.10 20.70 22.10 California 10/ 21.60 22.60 24.00 26.00 Other States 1/ 11.60 13.00 13.80 13.90 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. February 2022 WASDE - 621 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.3 86.3 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.4 51.4 Million Bushels Beginning Stocks 909 525 257 257 Production 3,552 4,216 4,435 4,435 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,707 4,707 Crushings 2,165 2,141 2,190 2,215 Exports 1,679 2,261 2,050 2,050 Seed 97 101 102 102 Residual 11 1 16 16 Use, Total 3,952 4,504 4,357 4,382 Ending Stocks 525 257 350 325 Avg. Farm Price ($/bu) 2/ 8.57 10.80 12.60 13.00 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,131 2,131 Production 4/ 24,911 25,023 25,910 26,205 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,491 28,786 Domestic Disappearance 22,317 23,323 25,150 25,285 Biofuel 3/ 8,658 8,850 11,000 11,000 Food, Feed & other Industrial 13,659 14,473 14,150 14,285 Exports 2,837 1,723 1,425 1,425 Use, Total 25,154 25,046 26,575 26,710 Ending stocks 1,853 2,131 1,916 2,076 Avg. Price (c/lb) 2/ 29.65 56.87 65.00 66.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. January February Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 341 341 Production 4/ 51,100 50,565 51,509 51,909 Imports 639 783 450 450 Supply, Total 52,142 51,689 52,300 52,700 Domestic Disappearance 37,967 37,580 37,900 37,900 Exports 13,834 13,768 14,000 14,400 Use, Total 51,801 51,348 51,900 52,300 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 375.00 410.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,215 million bushels for 2021/22. February 2022 WASDE - 621 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,705 1,705 Production 2/ 8,149 9,233 9,393 9,442 Beet Sugar 4,351 5,092 5,401 5,401 Cane Sugar 3,798 4,141 3,992 4,041 Florida 2,106 2,090 2,005 2,005 Louisiana 1,566 1,918 1,857 1,906 Texas 126 134 130 130 Imports 4,165 3,195 3,016 3,012 TRQ 3/ 2,152 1,749 1,551 1,547 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,215 1,215 Mexico 1,376 968 1,065 1,065 Total Supply 14,097 14,046 14,113 14,158 Exports 61 49 35 35 Deliveries 12,344 12,252 12,305 12,305 Food 12,246 12,135 12,200 12,200 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,341 12,340 12,340 Ending Stocks 1,618 1,705 1,773 1,818 Stocks to Use Ratio 13.0 13.8 14.4 14.7 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (114) and for 2021/22 (251). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2019/20 (206), 2020/21 (186), and 2021/22 (150). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Tota l refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 298; projected 2021/22 -- 313. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Jan 858 5,715 65 4,420 1,165 1,053 2020/21 Est. Feb 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Jan 1,053 5,979 63 4,401 1,777 917 2021/22 Proj. Feb 1,053 5,979 54 4,412 1,755 919 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310; Estimated Oct - Dec 2021 = 322, Oct - Dec 2020 = 334. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IM MEX: 2020/21 (485 est =451 dom.+33 import); 2021/22 (497 proj = 462 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). February 2022 WASDE - 621 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.22 11.22 Harvested 11.50 8.27 9.97 9.97 Fil ler Pounds Yield per Harvested Acre 831 847 849 849 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 17.62 17.62 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 20.78 20.78 Domestic Use 2.15 2.40 2.55 2.55 Exports, Total 15.51 16.37 15.00 14.75 Use, Total 17.66 18.77 17.55 17.30 Unaccounted 2/ -0.15 -0.06 0.03 -0.02 Ending Stocks 7.25 3.15 3.20 3.50 Avg. Farm Price 3/ 59.6 66.3 90.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. February 2022 WASDE - 621 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 281.09 762.17 188.37 139.65 746.73 193.87 296.54 World Less China 143.00 628.57 182.99 120.65 620.73 192.82 146.52 United States 29.39 52.58 2.83 2.59 30.44 26.37 27.99 Total Foreign 251.71 709.59 185.54 137.06 716.29 167.50 268.55 Major Exporters 4/ 37.35 308.48 7.55 73.87 179.65 141.35 32.38 Argentina 1.74 19.75 0.01 0.05 6.35 12.79 2.36 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.62 9.75 24.14 5.50 European Union 5/ 15.80 138.80 5.55 45.50 107.25 39.79 13.11 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 179.09 201.29 122.98 37.09 297.91 13.21 192.24 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 11.13 20.95 18.68 3.60 38.47 0.78 11.51 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 296.54 775.87 194.77 157.68 782.54 202.66 289.87 World Less China 146.52 641.62 184.15 117.68 632.54 201.89 145.75 United States 27.99 49.75 2.73 2.59 30.48 26.99 23.00 Total Foreign 268.55 726.12 192.04 155.09 752.06 175.67 266.87 Major Exporters 4/ 32.38 323.83 6.66 72.81 179.41 147.50 35.96 Argentina 2.36 17.64 0.01 0.05 6.35 11.53 2.12 Australia 2.68 33.30 0.20 4.50 8.00 23.85 4.33 Canada 5.50 35.18 0.55 4.16 9.11 26.43 5.69 European Union 5/ 13.11 126.93 5.38 42.50 104.75 29.74 10.93 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 192.24 201.00 124.86 57.38 323.92 12.62 181.56 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 12.05 0.93 0.43 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.35 0.30 1.05 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.51 20.43 17.74 3.54 38.95 0.62 10.10 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 288.82 778.60 202.56 159.56 787.47 204.40 279.95 Feb 289.87 776.42 204.76 160.69 788.08 206.69 278.21 World Less China Jan 144.70 641.65 193.06 123.56 638.97 203.50 138.78 Feb 145.75 639.47 195.26 125.69 640.58 205.79 136.04 United States Jan 23.00 44.79 2.72 2.99 30.97 22.45 17.09 Feb 23.00 44.79 2.72 2.99 30.84 22.05 17.63 Total Foreign Jan 265.82 733.81 199.84 156.57 756.50 181.95 262.86 Feb 266.87 731.63 202.04 157.70 757.24 184.65 260.57 Major Exporters 4/ Jan 35.99 323.55 6.70 74.55 181.05 150.70 34.50 Feb 35.96 323.55 6.60 76.05 182.65 151.20 32.26 Argentina Jan 2.16 20.50 0.00 0.05 6.45 13.50 2.71 Feb 2.12 20.50 0.00 0.05 6.55 14.00 2.08 Australia Jan 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Feb 4.33 34.00 0.20 5.00 8.50 25.50 4.53 Canada Jan 5.69 21.65 0.70 2.80 7.90 15.00 5.14 Feb 5.69 21.65 0.60 4.50 9.60 15.20 3.14 European Union 5/ Jan 10.93 138.90 5.20 45.50 107.65 37.50 9.88 Feb 10.93 138.90 5.20 45.50 107.65 37.50 9.88 Russia Jan 11.38 75.50 0.50 18.50 41.75 35.00 10.63 Feb 11.38 75.50 0.50 18.50 41.75 35.00 10.63 Ukraine Jan 1.51 33.00 0.10 2.70 8.80 24.20 1.61 Feb 1.51 33.00 0.10 2.50 8.60 24.00 2.01 Major Importers 6/ Jan 180.99 205.70 134.20 55.81 327.96 13.42 179.50 Feb 181.56 204.60 135.75 55.06 326.95 13.62 181.33 Bangladesh Jan 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Feb 2.14 1.13 7.50 0.60 8.50 0.00 2.27 Brazil Jan 0.43 7.80 6.50 0.80 12.60 1.30 0.83 Feb 0.43 7.70 6.70 0.80 12.60 1.50 0.73 China Jan 144.12 136.95 9.50 36.00 148.50 0.90 141.17 Feb 144.12 136.95 9.50 35.00 147.50 0.90 142.17 Japan Jan 1.05 1.10 5.60 0.63 6.30 0.30 1.15 Feb 1.05 1.10 5.60 0.63 6.30 0.30 1.15 N. Africa 7/ Jan 11.84 21.59 28.50 1.97 47.82 1.01 13.10 Feb 11.84 21.59 29.00 1.97 48.02 1.01 13.40 Nigeria Jan 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Feb 0.79 0.09 6.20 0.05 5.85 0.60 0.63 Sel. Mideast 8/ Jan 9.54 17.49 23.95 4.12 40.15 0.71 10.12 Feb 10.10 16.49 24.55 4.07 39.80 0.71 10.64 Southeast Asia 9/ Jan 5.56 0.00 26.05 7.20 25.35 1.16 5.10 Feb 5.56 0.00 26.10 7.40 25.34 1.16 5.16 Selected Other India Jan 27.80 109.52 0.03 7.00 104.25 5.25 27.85 Feb 27.80 109.52 0.03 7.00 104.25 7.00 26.10 Kazakhstan Jan 1.48 12.00 1.00 1.25 6.05 7.20 1.23 Feb 1.48 11.81 1.20 1.25 6.05 7.30 1.14 United Kingdom Jan 1.42 14.30 2.00 7.35 15.30 0.70 1.72 Feb 1.42 14.00 2.30 7.35 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.79 1,417.08 205.09 883.86 1,432.18 210.73 336.69 World Less China 141.13 1,148.02 187.61 682.14 1,135.97 210.69 135.73 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.32 1,057.65 201.98 729.34 1,111.45 160.28 284.86 Major Exporters 4/ 19.49 307.77 4.59 134.48 179.12 128.50 24.24 Argentina 3.50 57.94 0.02 12.12 17.58 39.31 4.57 Australia 2.43 12.00 0.01 5.66 7.55 3.87 3.01 Brazil 5.67 105.82 2.32 61.71 72.84 35.14 5.82 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.99 11.99 34.08 2.55 Major Importers 5/ 37.34 248.31 142.37 293.19 375.33 15.98 36.71 European Union 6/ 14.51 152.82 19.42 119.90 158.94 13.65 14.16 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.66 269.07 17.48 201.72 296.21 0.04 200.96 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.69 1,433.77 233.87 900.93 1,449.17 230.93 321.29 World Less China 135.73 1,164.69 183.34 679.98 1,136.06 230.92 113.83 United States 51.83 372.89 2.48 146.51 315.70 77.48 34.01 Total Foreign 284.86 1,060.88 231.39 754.42 1,133.47 153.45 287.27 Major Exporters 4/ 24.24 295.54 5.63 133.71 180.31 124.64 20.46 Argentina 4.57 59.50 0.02 11.33 17.06 44.76 2.26 Australia 3.01 16.70 0.00 5.13 7.00 10.36 2.34 Brazil 5.82 90.96 3.50 62.52 74.46 20.51 5.32 Canada 3.98 29.64 1.90 16.73 24.68 7.23 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.71 252.34 136.90 294.19 376.66 13.21 36.08 European Union 6/ 14.16 155.21 15.86 120.30 159.73 11.45 14.06 Japan 1.74 0.23 16.98 13.32 17.20 0.00 1.75 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 8.12 33.30 38.06 63.09 71.30 0.69 7.50 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 30.45 22.54 42.82 51.10 0.57 5.14 South Korea 2.02 0.22 11.81 9.55 12.10 0.00 1.95 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 321.99 1,500.05 235.80 921.97 1,493.97 253.21 328.07 Feb 321.29 1,497.36 237.52 921.57 1,491.64 253.08 327.00 World Less China Jan 114.54 1,219.20 189.05 688.42 1,170.02 253.16 117.01 Feb 113.83 1,216.50 190.37 687.62 1,167.29 253.03 115.94 United States Jan 34.01 398.71 2.40 147.76 323.75 69.75 41.63 Feb 34.01 398.71 2.40 147.76 323.75 69.75 41.63 Total Foreign Jan 287.98 1,101.34 233.40 774.21 1,170.22 183.47 286.44 Feb 287.27 1,098.65 235.12 773.81 1,167.89 183.33 285.37 Major Exporters 4/ Jan 21.07 333.07 6.09 139.26 184.71 154.36 21.15 Feb 20.46 332.17 6.59 138.75 183.84 154.73 20.65 Argentina Jan 2.29 63.39 0.01 11.96 17.63 44.80 3.25 Feb 2.26 63.39 0.01 11.96 17.63 44.80 3.22 Australia Jan 2.33 16.95 0.00 5.40 7.47 10.48 1.34 Feb 2.34 17.05 0.00 5.40 7.28 10.58 1.54 Brazil Jan 5.72 119.02 2.50 65.59 77.53 43.03 6.69 Feb 5.32 118.02 2.50 65.09 77.03 43.03 5.79 Canada Jan 3.61 24.21 3.41 17.55 24.80 3.95 2.49 Feb 3.61 24.21 3.91 17.75 25.00 4.05 2.69 Russia Jan 1.90 38.31 0.10 21.24 29.91 9.23 1.17 Feb 1.90 38.31 0.10 21.24 29.91 9.23 1.17 Ukraine Jan 1.85 53.59 0.03 10.12 13.33 39.68 2.46 Feb 1.65 53.59 0.03 9.91 12.94 39.84 2.48 Major Importers 5/ Jan 36.13 248.15 140.27 294.38 377.59 14.15 32.82 Feb 36.08 248.15 140.73 294.72 378.01 14.32 32.64 European Union 6/ Jan 14.05 154.80 16.44 118.97 158.59 12.56 14.14 Feb 14.06 154.95 16.48 118.97 158.59 12.76 14.13 Japan Jan 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Feb 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mexico Jan 3.60 33.35 17.90 30.89 50.39 0.60 3.86 Feb 3.60 33.35 18.05 30.99 50.54 0.60 3.86 N. Afr & Mideast 7/ Jan 7.55 29.65 42.84 64.42 73.09 0.42 6.54 Feb 7.50 29.20 43.51 64.76 73.46 0.39 6.37 Saudi Arabia Jan 1.33 0.20 10.01 9.76 10.11 0.00 1.43 Feb 1.33 0.20 9.61 9.36 9.71 0.00 1.43 Southeast Asia 8/ Jan 5.14 29.61 19.45 42.45 50.75 0.58 2.88 Feb 5.14 29.91 19.45 42.75 51.05 0.58 2.88 South Korea Jan 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Feb 1.95 0.22 11.81 9.55 12.11 0.00 1.87 Selected Other China Jan 207.46 280.85 46.75 233.55 323.95 0.05 211.06 Feb 207.46 280.85 47.15 233.95 324.35 0.05 211.06 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.36 1,119.59 167.78 715.68 1,135.61 172.25 306.34 World Less China 112.18 858.81 160.20 522.68 857.61 172.23 105.82 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 265.95 773.63 166.71 565.80 826.06 127.11 257.59 Major Exporters 4/ 9.97 219.01 1.74 88.40 110.40 106.94 13.37 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.66 58.50 68.50 35.14 5.33 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.15 217.65 7.04 20.81 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.10 79.00 5.39 7.38 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.34 1,123.07 185.80 721.49 1,137.37 180.76 292.05 World Less China 105.82 862.40 156.29 518.49 852.37 180.75 86.34 United States 48.76 358.45 0.62 142.30 306.54 69.92 31.36 Total Foreign 257.59 764.63 185.18 579.19 830.83 110.84 260.69 Major Exporters 4/ 13.37 199.57 3.07 90.50 113.60 91.75 10.66 Argentina 3.62 51.50 0.01 9.50 13.50 40.20 1.42 Brazil 5.33 87.00 3.00 59.00 70.00 20.50 4.83 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.90 0.01 7.20 13.00 3.20 2.83 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.81 131.40 92.89 163.75 218.96 4.79 21.35 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.09 14.49 57.20 77.60 3.73 7.63 Japan 1.39 0.00 15.48 11.90 15.40 0.00 1.47 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.81 30.40 20.69 41.15 49.20 0.57 5.14 South Korea 2.00 0.08 11.71 9.50 11.86 0.00 1.93 Selected Other 0.00 Canada 2.56 13.56 1.58 8.62 14.01 1.52 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 292.23 1,206.96 186.81 751.11 1,196.12 204.20 303.07 Feb 292.05 1,205.35 188.17 751.86 1,195.17 203.67 302.22 World Less China Jan 86.53 934.41 160.81 537.11 902.12 204.18 92.83 Feb 86.34 932.79 162.17 537.86 901.17 203.65 91.99 United States Jan 31.36 383.94 0.64 143.52 315.23 61.60 39.11 Feb 31.36 383.94 0.64 143.52 315.23 61.60 39.11 Total Foreign Jan 260.87 823.02 186.17 607.59 880.89 142.60 263.96 Feb 260.69 821.40 187.53 608.35 879.94 142.07 263.11 Major Exporters 4/ Jan 10.76 243.00 2.07 95.80 119.10 123.20 13.53 Feb 10.66 242.00 2.07 95.30 118.60 123.20 12.93 Argentina Jan 1.12 54.00 0.01 10.00 14.00 39.00 2.13 Feb 1.42 54.00 0.01 10.00 14.00 39.00 2.43 Brazil Jan 5.23 115.00 2.00 62.00 73.00 43.00 6.23 Feb 4.83 114.00 2.00 61.50 72.50 43.00 5.33 Russia Jan 0.75 15.00 0.05 9.80 10.90 4.50 0.40 Feb 0.75 15.00 0.05 9.80 10.90 4.50 0.40 South Africa Jan 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Feb 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Ukraine Jan 0.83 42.00 0.02 6.70 7.90 33.50 1.45 Feb 0.83 42.00 0.02 6.70 7.90 33.50 1.45 Major Importers 5/ Jan 21.35 133.68 91.80 166.50 221.95 6.08 18.80 Feb 21.35 133.98 91.80 166.80 222.25 6.08 18.80 Egypt Jan 1.36 6.40 10.30 14.30 16.80 0.01 1.25 Feb 1.36 6.40 10.30 14.30 16.80 0.01 1.25 European Union 6/ Jan 7.63 69.96 15.00 59.30 79.90 4.90 7.79 Feb 7.63 69.96 15.00 59.30 79.90 4.90 7.79 Japan Jan 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Feb 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mexico Jan 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Feb 3.08 27.60 17.30 26.00 44.20 0.60 3.18 Southeast Asia 7/ Jan 5.14 29.56 17.40 40.60 48.65 0.58 2.87 Feb 5.14 29.86 17.40 40.90 48.95 0.58 2.87 South Korea Jan 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Feb 1.93 0.08 11.70 9.50 11.85 0.00 1.86 Selected Other Canada Jan 2.17 13.98 3.30 11.30 16.50 1.00 1.95 Feb 2.17 13.98 3.80 11.80 17.00 1.00 1.95 China Jan 205.70 272.55 26.00 214.00 294.00 0.02 210.24 Feb 205.70 272.55 26.00 214.00 294.00 0.02 210.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2022 WASDE - 621 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.58 498.87 42.36 493.75 43.40 181.70 World Less China 61.58 352.14 39.76 348.52 40.80 65.20 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.15 492.99 41.17 489.16 40.41 180.79 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.98 249.85 3.18 128.56 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.01 3.39 0.53 1.27 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.24 7.60 0.90 7.30 1.22 0.21 C. Amer & Carib 8/ 0.61 1.63 1.87 3.42 0.04 0.65 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.70 507.46 46.48 502.74 50.59 186.42 World Less China 65.20 359.16 42.26 352.45 48.37 69.92 United States 0.91 7.22 1.08 4.85 2.98 1.39 Total Foreign 180.79 500.23 45.39 497.89 47.61 185.04 Major Exporters 4/ 41.22 189.53 2.01 148.51 38.33 45.93 Burma 1.01 12.60 0.00 10.55 1.95 1.11 India 33.90 122.27 0.00 100.01 20.17 36.00 Pakistan 1.15 8.42 0.01 3.80 3.88 1.90 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.56 240.72 17.20 255.52 2.71 128.26 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 1.27 1.95 1.79 3.40 0.45 1.16 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 2.40 7.20 0.00 0.90 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.83 0.00 0.95 Selected Other 0.00 Brazil 0.21 8.00 0.66 7.45 0.78 0.65 C. Amer & Carib 8/ 0.65 1.59 1.64 3.29 0.04 0.54 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.25 0.08 1.87 Mexico 0.18 0.20 0.81 0.96 0.02 0.21 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2022 WASDE - 621 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 186.48 509.87 48.63 510.29 49.86 186.06 Feb 186.42 510.31 49.72 510.40 50.86 186.33 World Less China Jan 69.98 360.88 44.03 355.40 47.66 73.06 Feb 69.92 361.32 45.12 355.56 48.61 73.33 United States Jan 1.39 6.09 0.98 4.62 2.79 1.05 Feb 1.39 6.09 0.97 4.62 2.76 1.06 Total Foreign Jan 185.09 503.78 47.65 505.67 47.07 185.01 Feb 185.04 504.22 48.75 505.78 48.10 185.27 Major Exporters 4/ Jan 45.98 192.29 0.81 152.55 38.15 48.38 Feb 45.93 192.79 0.81 152.25 39.05 48.23 Burma Jan 1.11 12.60 0.00 10.65 1.90 1.17 Feb 1.11 12.60 0.00 10.65 1.90 1.17 India Jan 36.00 125.00 0.00 103.50 19.25 38.25 Feb 36.00 125.00 0.00 103.00 20.00 38.00 Pakistan Jan 1.76 8.20 0.01 3.90 4.00 2.07 Feb 1.90 8.70 0.01 4.10 4.15 2.35 Thailand Jan 4.44 19.30 0.20 13.00 6.50 4.44 Feb 4.28 19.30 0.20 13.00 6.50 4.28 Vietnam Jan 2.66 27.19 0.60 21.50 6.50 2.46 Feb 2.64 27.19 0.60 21.50 6.50 2.43 Major Importers 5/ Jan 128.07 242.39 18.58 260.81 2.66 125.57 Feb 128.26 242.84 19.08 261.16 2.72 126.31 China Jan 116.50 148.99 4.60 154.89 2.20 113.00 Feb 116.50 148.99 4.60 154.84 2.25 113.00 European Union 6/ Jan 1.16 1.85 1.93 3.44 0.44 1.06 Feb 1.16 1.85 1.93 3.44 0.44 1.06 Indonesia Jan 3.41 35.40 0.60 35.60 0.00 3.81 Feb 3.41 35.40 0.60 35.60 0.00 3.81 Nigeria Jan 0.70 5.00 2.00 6.95 0.00 0.75 Feb 0.90 5.00 2.20 7.25 0.00 0.85 Philippines Jan 3.76 12.30 2.70 14.85 0.00 3.91 Feb 3.76 12.40 3.00 14.95 0.00 4.21 Sel. Mideast 7/ Jan 0.95 2.15 3.75 5.83 0.00 1.02 Feb 0.95 2.15 3.75 5.83 0.00 1.02 Selected Other Brazil Jan 0.72 8.02 0.60 7.55 0.90 0.89 Feb 0.65 7.68 0.65 7.55 0.90 0.53 C. Amer & Carib 8/ Jan 0.53 1.65 1.83 3.40 0.02 0.58 Feb 0.54 1.62 1.83 3.37 0.02 0.60 Egypt Jan 1.16 2.90 0.90 4.25 0.01 0.70 Feb 1.15 2.90 0.90 4.25 0.01 0.70 Japan Jan 1.91 7.56 0.69 8.20 0.07 1.88 Feb 1.87 7.56 0.69 8.20 0.07 1.85 Mexico Jan 0.21 0.21 0.80 0.97 0.01 0.24 Feb 0.21 0.21 0.80 0.97 0.01 0.24 South Korea Jan 1.02 3.88 0.41 3.95 0.06 1.31 Feb 1.02 3.88 0.44 3.95 0.06 1.34 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. February 2022 WASDE - 621 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 80.09 121.01 40.70 103.22 41.16 -0.04 97.47 World Less China 44.42 93.76 33.57 70.22 41.00 -0.04 60.57 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 75.24 101.10 40.70 101.07 25.64 0.11 90.22 Major Exporters 4/ 28.29 57.40 2.92 28.39 21.15 0.02 39.03 Central Asia 5/ 2.28 5.96 3/ 3.92 1.76 0.00 2.56 Afr. Fr. Zone 6/ 1.40 5.80 3/ 0.13 4.60 0.00 2.46 S. Hemis. 7/ 15.31 16.69 0.14 3.56 11.34 0.01 17.22 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.60 28.50 2.28 20.00 3.20 0.00 16.18 Major Importers 8/ 44.99 40.62 35.44 69.04 3.19 0.09 48.73 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.33 2.00 0.58 0.59 1.82 0.01 0.49 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.47 111.79 49.13 121.01 48.69 0.04 88.66 World Less China 60.57 82.29 36.27 81.01 48.68 0.04 49.41 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.22 97.18 49.13 118.61 32.31 0.10 85.51 Major Exporters 4/ 39.03 54.22 1.60 33.98 27.77 0.02 33.08 Central Asia 5/ 2.56 5.80 0.01 4.17 1.99 0.00 2.21 Afr. Fr. Zone 6/ 2.46 4.79 3/ 0.13 5.31 0.00 1.81 S. Hemis. 7/ 17.22 15.68 0.14 4.03 13.73 0.01 15.27 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 16.18 27.60 0.84 25.00 6.19 0.00 13.44 Major Importers 8/ 48.73 39.75 45.06 80.68 3.10 0.08 49.69 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.49 1.68 0.56 0.59 1.96 0.00 0.18 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.02 0.08 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. February 2022 WASDE - 621 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 88.41 120.96 46.56 124.24 46.56 0.12 85.01 Feb 88.66 120.15 46.44 124.43 46.45 0.07 84.31 World Less China Jan 49.16 93.96 36.81 84.74 46.51 0.12 48.56 Feb 49.41 93.15 36.94 84.93 46.37 0.07 48.13 United States Jan 3.15 17.62 0.01 2.55 15.00 0.03 3.20 Feb 3.15 17.62 0.01 2.55 14.75 -0.02 3.50 filler filler filler filler filler filler filler Total Foreign Jan 85.26 103.33 46.56 121.69 31.56 0.10 81.81 Feb 85.51 102.53 46.44 121.88 31.70 0.10 80.81 Major Exporters 4/ Jan 32.99 60.93 1.78 35.35 27.39 0.02 32.94 Feb 33.08 60.01 1.88 35.38 27.45 0.02 32.11 Central Asia 5/ Jan 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Feb 2.21 5.68 0.02 4.38 1.51 0.00 2.01 Afr. Fr. Zone 6/ Jan 1.81 6.17 3/ 0.13 6.03 0.00 1.81 Feb 1.81 6.16 3/ 0.13 6.19 0.00 1.64 S. Hemis. 7/ Jan 15.32 21.13 0.16 4.23 13.60 0.01 18.77 Feb 15.27 20.72 0.16 4.22 13.60 0.01 18.32 Australia Jan 2.00 5.50 3/ 0.04 4.00 0.00 3.47 Feb 2.00 5.50 3/ 0.04 4.30 0.00 3.17 filler filler filler filler filler filler filler Brazil Jan 11.12 13.20 0.03 3.20 8.30 0.00 12.84 Feb 11.12 13.20 0.03 3.20 8.20 0.00 12.94 India Jan 13.44 27.50 1.00 26.00 5.80 0.00 10.14 Feb 13.44 27.00 1.10 26.00 5.70 0.00 9.84 Major Importers 8/ Jan 49.64 39.29 42.21 82.29 2.48 0.08 46.30 Feb 49.69 39.29 41.96 82.29 2.55 0.08 46.03 Mexico Jan 0.43 1.05 1.08 1.90 0.25 0.03 0.38 Feb 0.43 1.05 1.08 1.90 0.25 0.03 0.38 China Jan 39.25 27.00 9.75 39.50 0.05 0.00 36.45 Feb 39.25 27.00 9.50 39.50 0.08 0.00 36.18 European Union 9/ Jan 0.13 1.48 0.60 0.62 1.46 0.00 0.13 Feb 0.18 1.48 0.60 0.62 1.51 0.00 0.13 Turkey Jan 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Feb 2.71 3.80 5.20 8.50 0.65 0.00 2.56 Pakistan Jan 2.27 5.80 5.50 11.20 0.05 0.03 2.29 Feb 2.27 5.80 5.50 11.20 0.05 0.03 2.29 Indonesia Jan 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Feb 0.50 3/ 2.50 2.50 0.01 0.00 0.49 Thailand Jan 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Feb 0.08 3/ 0.65 0.63 0.00 0.02 0.08 Bangladesh Jan 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Feb 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Jan 1.12 3/ 7.50 7.50 0.00 0.00 1.13 Feb 1.12 3/ 7.50 7.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2022 WASDE - 621 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.09 339.88 165.04 312.42 358.36 165.06 95.60 World Less China 94.63 321.79 66.51 220.92 249.16 164.97 68.81 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.35 243.21 164.63 253.51 296.51 119.36 81.32 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.06 21.76 131.95 120.00 145.86 0.34 29.56 China 19.46 18.09 98.53 91.50 109.20 0.09 26.79 European Union 1.52 2.62 15.02 15.60 17.32 0.23 1.61 Southeast Asia 0.71 0.60 9.32 4.50 9.81 0.02 0.80 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.60 366.23 165.61 315.31 362.70 164.33 100.42 World Less China 68.81 346.63 65.85 222.31 251.10 164.26 65.93 United States 14.28 114.75 0.54 58.26 61.05 61.52 6.99 Total Foreign 81.32 251.48 165.07 257.05 301.65 102.81 93.42 Major Exporters 3/ 46.99 195.81 5.85 90.29 100.37 94.81 53.47 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.00 138.00 1.02 46.75 49.41 81.65 27.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.33 0.44 Major Importers 4/ 29.56 23.24 133.28 122.23 149.11 0.28 36.69 China 26.79 19.60 99.76 93.00 111.60 0.07 34.48 European Union 1.61 2.58 14.79 15.90 17.62 0.19 1.17 Southeast Asia 0.80 0.58 9.64 4.81 10.24 0.02 0.77 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jan 99.88 372.56 168.43 325.72 374.93 170.74 95.20 Feb 100.42 363.86 162.76 320.24 369.17 165.03 92.83 World Less China Jan 65.40 356.16 68.43 228.72 258.23 170.64 61.12 Feb 65.93 347.46 65.76 226.24 255.47 164.93 58.75 United States Jan 6.99 120.71 0.41 59.60 62.79 55.79 9.52 Feb 6.99 120.71 0.41 60.28 63.47 55.79 8.84 Total Foreign Jan 92.89 251.86 168.02 266.12 312.13 114.95 85.68 Feb 93.42 243.16 162.35 259.95 305.70 109.24 83.99 Major Exporters 3/ Jan 53.20 196.60 4.97 91.58 101.80 106.63 46.34 Feb 53.47 187.90 3.57 89.18 99.20 100.93 44.81 Argentina Jan 25.06 46.50 4.50 41.20 48.60 4.85 22.61 Feb 25.06 45.00 3.10 40.00 47.20 3.75 22.21 Brazil Jan 27.95 139.00 0.45 47.20 49.85 94.00 23.55 Feb 27.95 134.00 0.45 46.90 49.55 90.50 22.35 Paraguay Jan 0.17 8.50 0.01 3.10 3.27 5.25 0.17 Feb 0.44 6.30 0.01 2.20 2.37 4.15 0.24 Major Importers 4/ Jan 36.69 20.22 134.23 126.73 154.70 0.35 36.09 Feb 36.69 20.22 131.13 123.83 151.80 0.35 35.89 China Jan 34.48 16.40 100.00 97.00 116.70 0.10 34.08 Feb 34.48 16.40 97.00 94.00 113.70 0.10 34.08 European Union Jan 1.17 2.75 14.90 15.90 17.62 0.23 0.97 Feb 1.17 2.75 14.80 16.00 17.72 0.23 0.77 Southeast Asia Jan 0.77 0.53 9.85 4.98 10.39 0.02 0.74 Feb 0.77 0.53 9.85 4.98 10.39 0.02 0.74 Mexico Jan 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Feb 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roundin g. February 2022 WASDE - 621 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.10 245.59 61.97 240.51 67.62 14.53 World Less China 15.10 173.12 61.92 169.01 66.60 14.53 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.74 199.23 61.39 206.07 55.07 14.22 Major Exporters 3/ 6.90 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.77 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.33 22.40 37.28 59.15 0.99 1.86 European Union 0.96 12.32 16.33 28.27 0.87 0.47 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.00 3.51 17.27 20.62 0.11 1.06 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.53 247.92 63.54 244.22 68.50 13.28 World Less China 14.53 174.26 63.47 171.54 67.44 13.28 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 14.22 202.04 62.83 210.13 56.01 12.97 Major Exporters 3/ 6.91 75.16 0.25 28.43 46.93 6.96 Argentina 2.57 31.32 0.00 3.30 28.32 2.27 Brazil 3.77 36.24 0.02 19.14 16.59 4.31 India 0.57 7.60 0.24 6.00 2.03 0.38 Major Importers 4/ 1.86 22.97 37.39 59.61 1.14 1.47 European Union 0.47 12.57 16.52 28.44 0.85 0.28 Mexico 0.10 4.90 1.90 6.78 0.01 0.12 Southeast Asia 5/ 1.06 3.75 17.12 20.80 0.28 0.85 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 12.63 255.93 65.05 251.24 69.94 12.43 Feb 13.28 251.40 63.72 247.50 68.64 12.27 World Less China Jan 12.63 179.11 64.99 175.45 68.84 12.43 Feb 13.28 176.96 63.66 173.89 67.74 12.27 United States Jan 0.31 46.73 0.41 34.38 12.70 0.36 Feb 0.31 47.09 0.41 34.38 13.06 0.36 Total Foreign Jan 12.32 209.20 64.64 216.85 57.24 12.07 Feb 12.97 204.31 63.31 213.12 55.58 11.90 Major Exporters 3/ Jan 6.93 76.72 0.72 29.63 47.90 6.84 Feb 6.96 75.55 0.72 29.47 46.95 6.81 Argentina Jan 2.24 32.14 0.00 3.39 28.80 2.19 Feb 2.27 31.20 0.00 3.33 28.00 2.15 Brazil Jan 4.31 36.59 0.02 19.90 17.00 4.01 Feb 4.31 36.35 0.02 19.80 16.85 4.02 India Jan 0.38 8.00 0.70 6.35 2.10 0.64 Feb 0.38 8.00 0.70 6.35 2.10 0.64 Major Importers 4/ Jan 1.24 23.31 38.08 60.33 1.14 1.16 Feb 1.47 23.39 37.45 59.90 1.14 1.26 European Union Jan 0.16 12.57 16.90 28.59 0.85 0.19 Feb 0.28 12.65 16.60 28.42 0.85 0.26 Mexico Jan 0.12 5.06 1.93 7.00 0.01 0.09 Feb 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Jan 0.75 3.88 17.45 21.13 0.29 0.66 Feb 0.85 3.88 17.12 20.88 0.29 0.69 China Jan 0.00 76.82 0.06 75.78 1.10 0.00 Feb 0.00 74.45 0.06 73.61 0.90 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. February 2022 WASDE - 621 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.37 58.53 11.39 57.20 12.30 4.80 World Less China 3.87 42.14 10.39 40.11 12.14 4.15 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.57 47.23 11.25 47.08 11.01 3.96 Major Exporters 3/ 1.08 20.33 0.56 12.37 8.10 1.49 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.38 0.91 0.41 Major Importers 4/ 1.23 19.43 7.04 25.89 0.47 1.34 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.32 1.05 1.78 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.80 59.17 11.65 58.89 12.38 4.35 World Less China 4.15 42.50 10.42 41.08 12.34 3.65 United States 0.84 11.35 0.14 10.58 0.78 0.97 Total Foreign 3.96 47.82 11.52 48.31 11.60 3.39 Major Exporters 3/ 1.49 20.55 0.74 12.53 9.02 1.23 Argentina 0.55 7.90 0.00 2.04 6.14 0.27 Brazil 0.47 9.00 0.25 7.93 1.26 0.53 European Union 0.41 3.02 0.49 2.51 1.06 0.36 Major Importers 4/ 1.34 19.87 6.78 26.62 0.21 1.15 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.25 4.94 0.01 0.15 North Africa 5/ 0.40 0.99 1.64 2.64 0.13 0.26 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 4.28 61.30 11.69 60.60 12.49 4.19 Feb 4.35 60.28 11.51 60.24 12.18 3.72 World Less China Jan 3.58 43.92 10.59 42.32 12.34 3.44 Feb 3.65 43.43 10.41 42.19 12.08 3.22 United States Jan 0.97 11.75 0.20 11.41 0.65 0.87 Feb 0.97 11.89 0.20 11.47 0.65 0.94 Total Foreign Jan 3.32 49.55 11.49 49.19 11.84 3.32 Feb 3.39 48.39 11.30 48.77 11.53 2.78 Major Exporters 3/ Jan 1.13 20.85 0.63 12.51 8.94 1.15 Feb 1.23 20.39 0.63 12.44 8.75 1.05 Argentina Jan 0.27 8.15 0.00 2.15 5.90 0.37 Feb 0.27 7.90 0.00 2.10 5.80 0.27 Brazil Jan 0.53 9.09 0.13 7.65 1.55 0.54 Feb 0.53 9.03 0.13 7.65 1.53 0.50 European Union Jan 0.31 3.02 0.50 2.66 0.95 0.23 Feb 0.36 3.04 0.50 2.63 1.03 0.25 Major Importers 4/ Jan 1.17 20.95 6.81 27.26 0.41 1.26 Feb 1.15 20.32 6.61 26.90 0.28 0.89 China Jan 0.70 17.38 1.10 18.28 0.15 0.75 Feb 0.70 16.85 1.10 18.05 0.10 0.50 India Jan 0.15 1.80 3.40 5.10 0.02 0.24 Feb 0.15 1.80 3.20 5.00 0.02 0.14 North Africa 5/ Jan 0.27 1.16 1.63 2.57 0.24 0.25 Feb 0.26 1.07 1.63 2.55 0.17 0.24 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. February 2022 WASDE - 621 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,303 58.1 III 6,978 6,529 13,551 11,581 1,403 13,124 26,675 2,332 55.9 IV 7,108 7,185 14,342 11,184 1,366 12,678 27,021 2,386 55.5 Annual Jan Est. 27,950 27,693 55,834 44,880 5,592 50,999 106,833 9,336 226.2 Feb Est. 27,937 27,673 55,801 44,889 5,558 50,982 106,784 9,327 226.3 2022 I* 6,865 6,920 13,835 11,150 1,380 12,660 26,495 2,330 56.8 II* 6,845 6,550 13,443 11,395 1,400 12,940 26,383 2,320 58.1 III* 6,870 6,710 13,627 11,685 1,415 13,245 26,872 2,360 56.2 IV* 6,795 7,200 14,046 11,255 1,420 12,805 26,851 2,420 56.0 Annual Jan Proj. 27,165 27,515 54,875 45,600 5,640 51,790 106,665 9,480 227.7 Feb Proj. 27,375 27,380 54,951 45,485 5,615 51,650 106,601 9,430 227.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV 132.36 56.36 110.9 133.4 131.8 20.77 Annual Jan Est. 122.40 67.29 101.2 122.8 118.5 18.65 Feb Est. 122.40 67.29 101.2 122.8 118.5 18.69 2022 I* 139.00 63.00 127.0 129.0 150.0 24.25 II* 136.00 70.00 120.0 126.0 125.0 23.75 III* 135.00 67.00 106.0 125.0 115.0 22.85 IV* 140.00 60.00 98.0 125.0 135.0 23.35 Annual Jan Proj. 137.0 60.5 112.0 125.5 120.0 22.60 Feb Proj. 137.5 65.0 113.0 126.5 131.5 23.55 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. February 2022 WASDE - 621 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Est. Jan 716 28,020 3,355 32,090 3,455 660 27,975 59.1 Feb 716 28,007 3,348 32,070 3,447 671 27,952 59.0 2022 Proj. Jan 660 27,235 3,265 31,160 3,270 640 27,250 57.4 Feb 671 27,445 3,370 31,486 3,270 640 27,576 58.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Est. Jan 467 27,708 1,190 29,366 7,088 460 21,818 51.1 Feb 467 27,688 1,180 29,335 7,030 449 21,856 51.2 2022 Proj. Jan 460 27,530 1,300 29,290 7,000 460 21,830 51.0 Feb 449 27,395 1,310 29,154 6,810 460 21,884 51.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Est. Jan 1,217 55,928 4,920 62,066 10,546 1,149 50,371 111.7 Feb 1,217 55,896 4,892 62,005 10,481 1,146 50,378 111.7 2022 Proj. Jan 1,149 54,970 4,955 61,074 10,273 1,133 49,667 109.9 Feb 1,146 55,046 5,065 61,256 10,083 1,131 50,042 110.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Est. Jan 830 44,400 155 45,385 7,376 750 37,259 96.6 Feb 830 44,409 155 45,393 7,367 704 37,322 96.7 2022 Proj. Jan 750 45,112 145 46,007 7,450 785 37,772 97.6 Feb 704 44,998 145 45,847 7,375 755 37,717 97.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Est. Jan 223 5,592 22 5,837 550 190 5,097 15.4 Feb 223 5,558 22 5,803 549 171 5,083 15.3 2022 Proj. Jan 190 5,640 21 5,851 565 200 5,086 15.3 Feb 171 5,615 22 5,808 545 180 5,083 15.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Est. Jan 1,057 50,518 181 51,756 7,972 946 42,838 113.4 Feb 1,057 50,501 180 51,739 7,961 878 42,900 113.6 2022 Proj. Jan 946 51,301 169 52,416 8,067 990 43,359 114.4 Feb 878 51,163 170 52,211 7,972 939 43,300 114.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Est. Jan 2,274 106,446 5,101 113,822 18,518 2,095 93,208 225.1 Feb 2,274 106,397 5,072 113,743 18,442 2,024 93,278 225.3 2022 Proj. Jan 2,095 106,271 5,124 113,490 18,340 2,123 93,027 224.4 Feb 2,024 106,208 5,235 113,467 18,055 2,070 93,342 225.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2022 WASDE - 621 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 19.0 18.7 Production 9,441.8 9,283.4 9,335.7 9,326.9 9,480.0 9,430.0 Imports 14.6 15.5 17.9 18.2 16.1 18.0 Total Supply 9,479.1 9,330.5 9,378.1 9,369.6 9,515.1 9,466.7 Use Exports 333.8 344.0 392.0 392.3 360.0 355.0 Hatching Use 1,081.2 1,078.5 1,107.0 1,103.7 1,155.0 1,135.0 Ending Stocks 31.6 24.5 19.0 18.7 22.0 19.5 Disappearance Total 8,032.5 7,883.5 7,860.1 7,854.9 7,978.1 7,957.2 Per Capita (number) 293.4 286.5 284.6 284.4 288.1 287.3 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 218.4 223.2 226.2 226.3 227.7 227.2 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 14.7 14.4 Marketings 217.4 222.1 225.2 225.2 226.6 226.1 Imports 6.9 6.8 6.7 6.5 6.8 6.9 Total Cml. Supply 238.1 242.5 247.4 247.4 248.1 247.3 Fat Basis Use Commercial Exports 9.1 9.3 11.7 11.6 11.2 11.0 Ending Commercial Stocks 13.6 15.6 14.7 14.4 14.5 14.1 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 221.0 221.4 222.4 222.2 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 10.5 10.8 Marketings 217.4 222.1 225.2 225.2 226.6 226.1 Imports 5.8 5.6 5.8 5.8 5.6 5.7 Total Cml. Supply 233.9 237.9 241.9 241.9 242.7 242.6 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.6 51.1 51.8 51.2 Ending Commercial Stocks 10.2 10.9 10.5 10.8 10.6 10.6 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 179.8 179.9 180.3 180.8 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. February 2022 WASDE - 621 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Est. 2021 Est. 2022 Proj. 2022 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.6755 1.6755 1.875 1.900 Butter 2.2431 1.5808 1.7325 1.7325 2.300 2.390 Nonfat Dry Milk 1.0419 1.0417 1.2693 1.2693 1.550 1.665 Dry Whey 0.3799 0.3621 0.5744 0.5744 0.645 0.705 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.08 17.08 19.65 20.30 Class IV 16.30 13.49 16.09 16.09 20.90 22.30 All Milk 3/ 18.65 18.24 18.65 18.69 22.60 23.55 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . February 2022 WASDE - 621 - 35 Reliability of February Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. The average differen ce between the February projection and the final estimate is 2.5 million tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 30 times and above 10 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 0.9 2.5 0.0 7.3 30 10 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.6 1.1 2.5 0.0 7.3 30 10 Exports World 4.7 8.0 4.9 0.1 18.8 30 10 U.S. 4.0 6.8 1.0 0.0 3.0 20 19 Foreign 5.7 9.7 4.8 0.5 18.4 34 6 Domestic Use World 1.1 1.8 5.0 0.1 15.6 18 22 U.S. 3.8 6.5 0.9 0.0 2.4 12 27 Foreign 1.1 1.8 4.8 0.1 15.1 22 18 Ending Stocks World 4.6 7.9 6.3 0.1 18.2 27 13 U.S. 8.3 14.1 1.3 0.0 4.5 28 12 Foreign 5.1 8.7 5.5 0.3 17.0 26 14 COARSE GRAINS 2/ Production World 1.3 2.2 11.4 0.0 36.3 32 8 U.S. 0.2 0.3 0.2 0.0 1.8 18 9 Foreign 1.9 3.1 11.4 0.0 36.3 30 9 Exports World 5.8 9.9 5.8 0.5 27.7 31 9 U.S. 10.4 17.6 4.1 0.1 12.2 21 19 Foreign 9.6 16.3 5.9 0.1 23.4 28 12 Domestic Use World 1.1 1.8 8.1 0.1 31.3 21 19 U.S. 2.8 4.8 3.9 0.0 17.3 14 25 Foreign 1.3 2.2 8.2 0.5 33.0 26 14 Ending Stocks World 10.8 18.3 14.6 0.2 139.8 35 5 U.S. 14.0 23.8 5.1 0.0 18.5 21 19 Foreign 13.3 22.6 12.5 0.8 144.0 35 5 RICE, milled Production World 1.5 2.6 4.3 0.1 14.0 31 9 U.S. 1.4 2.4 0.0 0.0 0.3 12 6 Foreign 1.6 2.6 4.3 0.1 14.0 31 9 Exports World 8.4 14.3 1.6 0.0 5.2 30 10 U.S. 7.5 12.7 0.2 0.0 0.6 20 18 Foreign 9.3 15.8 1.6 0.0 5.0 29 11 Domestic Use World 1.3 2.1 3.3 0.2 13.3 25 15 U.S. 7.1 12.1 0.2 0.0 0.5 17 23 Foreign 1.3 2.2 3.3 0.1 13.0 25 15 Ending Stocks World 9.1 15.4 5.2 0.2 27.0 32 8 U.S. 18.6 31.5 0.2 0.0 0.5 21 18 Foreign 9.3 15.7 5.2 0.0 26.9 32 7 1/ Footnotes at end of table. CONTINUED February 2022 WASDE - 621 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.6 4.3 0.4 15.3 23 17 U.S. 1.4 2.3 0.7 0.0 3.2 17 17 Foreign 4.5 7.6 4.3 0.3 14.9 25 15 Exports World 6.1 10.4 3.1 0.1 13.2 26 14 U.S. 7.2 12.2 1.8 0.2 6.7 26 14 Foreign 15.2 25.8 2.8 0.0 17.2 19 21 Domestic Use World 2.2 3.7 3.2 0.0 10.9 21 19 U.S. 3.0 5.1 1.1 0.0 3.0 27 13 Foreign 2.6 4.5 2.8 0.0 12.5 21 19 Ending Stocks World 14.0 23.8 4.2 0.0 19.3 23 17 U.S. 40.7 69.0 2.0 0.1 6.9 13 27 Foreign 15.4 26.1 3.8 0.2 19.1 26 14 COTTON Million 480 -Pound Bales Production World 2.3 3.9 1.7 0.0 5.4 29 11 U.S. 1.1 1.8 0.1 0.0 0.3 14 25 Foreign 2.8 4.7 1.7 0.1 5.7 29 11 Exports World 5.7 9.7 1.6 0.0 7.9 25 15 U.S. 10.0 16.9 0.7 0.0 2.2 22 17 Foreign 7.2 12.2 1.2 0.1 7.2 24 16 Domestic Use World 3.5 5.9 2.2 0.3 17.0 21 19 U.S. 7.7 13.1 0.2 0.0 0.9 22 16 Foreign 3.5 5.9 2.1 0.4 16.1 22 18 Ending Stocks World 9.7 16.4 3.9 0.0 17.5 24 15 U.S. 21.4 36.3 0.8 0.0 2.1 13 27 Foreign 10.4 17.7 3.8 0.1 15.6 26 14 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2022 WASDE - 621 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 6 0 72 2 4 Exports 11.0 18.6 148 9 388 19 21 Domestic Use 2.8 4.7 135 6 474 16 24 Ending Stocks 15.9 26.9 203 8 838 23 17 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.3 27.7 28 0 97 25 13 Domestic Use 16.1 27.3 31 1 178 18 22 Ending Stocks 41.4 70.2 23 1 148 13 27 BARLEY Production 0.9 1.6 1 0 11 19 4 Exports 21.4 36.4 6 0 35 14 21 Domestic Use 6.8 11.6 14 0 70 18 20 Ending Stocks 12.7 21.5 12 0 52 25 14 OATS Production 0.4 0.7 0 0 2 5 4 Exports 49.4 83.9 1 0 3 8 8 Domestic Use 5.2 8.7 11 1 36 15 25 Ending Stocks 16.5 28.0 11 1 47 23 17 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.1 891 35 3,117 29 11 Exports 9.3 15.8 625 1 2,626 30 10 Domestic Use 2.5 4.3 569 7 2,066 24 16 Ending Stocks 34.4 58.4 66 0 253 16 22 SOYBEAN OIL Million Pounds Production 2.9 4.9 408 7 1,242 27 13 Exports 23.8 40.4 316 25 1,027 22 18 Domestic Use 3.0 5.0 373 0 1,261 25 14 Ending Stocks 19.4 33.0 288 25 1,131 24 16 ANIMAL PROD. Million Pounds Beef 2.8 4.8 573 9 1,613 25 14 Pork 3.0 5.1 399 10 1,717 23 16 Broilers 1.6 2.8 368 0 1,225 24 14 Turkeys 2.8 4.8 120 2 465 19 20 Million Dozen Eggs 1.9 3.2 102 4 525 23 16 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.7 21 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 621-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD i s located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register at usda.gov/oce/ag-outlook-forum 8:00 a.m. Welcome 8:10 a.m. 2022 Agricultural Economic & Foreign Trade Outlook—Chief Economist Seth Meyer 8:45 a.m. Secretary of Agriculture 9:45-11:45 a.m. Plenary Session 12:00-12:45 p.m. Lunchtime Address Concurrent Sessions Food Price & Farm Income OutlooksU.S. Trade & the Global MarketplaceSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 1:30–3:00 p.m.The U.S. Food Price OutlookU.S. Ag Trade Agenda and OutlookEffects of Shipping Disruptions on U.S. AgricultureBuilding Resilience through Extreme Event PreparednessNew Opportunities in the Biobased Economy 3:00–3:30 p.m. Break 3:30–5:00 p.m.U.S. Farm Income Forecast and the State of the Farm EconomyChina: Factors Upholding a High Agricultural Import DemandBuffering the Supply Chain from Shocks: Transforming Climate Science into ActionAssessing and Managing Production Risk: From Climate Models to Field OperationsEquity & Inclusion Addressing the Heirs’ Property Challenge in Land Ownership and SuccessionThursday, February 24 8:30-9:45 a.m. Morning Session Concurrent Sessions Commodity OutlookCommodity OutlookSupply Chain ResilienceClimate Mitigation & AdaptationFrontiers in Ag Production & Technology 10:00–11:30 a.m.Grains and OilseedsOutlookSugar OutlookLeveraging Data to Build Resilient Local and Regional Food SystemsReturns on Investment in Soil HealthProductivity Growth: Trends, Drivers, and Impacts Guest industry speaker 11:30 a.m.–12:15 p.m. 11:30 a.m.– 1:00 p.m.• 11:30 a.m.–12:45 p.m. Data visualization at USDA • 12:00–12:45 p.m. Lunch speaker on biostimulants• 11:30 a.m.–12:45 p.m. Lightning talks on productivity and innovation Commodity OutlookCommodity OutlookFood Safety and Nutrition Climate Mitigation and AdaptationFrontiers in Ag Production & Technology 1:00–2:30 p.m. Cotton Outlook Livestock and Poultry OutlookDefinitions and Truth in Food LabelingTrends in Conservation Practices to Reduce Greenhouse Gas EmissionsClimate-smart Innovations to Improve Food Security 3:00–4:30 p.m. Dairy Outlook Organic Outlook Thrifty Food PlanEquity & InclusionAdvances and Innovations in Forest Restorations to Combat Wildfire CrisisRural Mental Health AdjournFriday, February 25 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications by email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirva [email protected] World Agricultural Supply and Demand Estimates WASDE -621 – February 9, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program informati on (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 631 Approved by the World Agricultural Outlook Board December 9, 2022 WHEAT: This month’s 2022/23 U.S. wheat supply and use outlook is unchanged from last month. There are offsetting changes for exports by -class with Hard Red Spring and White higher and Soft Red Winter lower. The 2022/23 season- average farm price is forecast $0.1 0 per bushel lower at $9.10, based on prices received to date and expectations for futures and cash prices for the remainder of 2022/23. The global wheat outlook for 2022/23 wheat is for reduced supplies, lower consumption, increased trade, and reduced s tocks. Supplies are lowered 2.1 million tons to 1,056.9 million on reduced production for Argentina and Canada that is only partly offset by higher Australia production. Argentina is lowered 3.0 million tons to 12.5 million with reductions in both area harvested and yield on continued widespread dry conditions. This would be the lowest production since 2015/16. Canada’s production is reduced 1.2 million tons to 33.8 million, based on the latest Statistics Canada estimate and is the third largest crop on record. Australia’s production is raised 2.1 million tons to a record 36.6 million, based on the latest Australian Bureau of Agricultural and Resource Economics (ABARES) forecast. Global consumption is reduced 1.6 million tons to 789.5 million, mainly on lower feed and residual use by the EU and Ukraine. World trade is raised 2.2 million tons to 210.9 million on higher exports by Australia, Ukraine, the EU, and Russia more than offsetting reduced exports by Argentina. Australia exports are raised 1.5 million tons to a near -record 27.5 million. Because of excessive rains in New South Wales at harvest, Australia’s feed wheat supplies are expected to be greater for 2022/23 and competitively priced against feed grains for East Asian importers. This resulted in higher imports for South Korea and several Southeast Asian countries this month. Ukraine exports are increased 1.5 million tons to 12.5 million. Argentina’s exports are reduced 2.5 million tons to 7.5 million with lower exportable suppl ies. This would be Argentina’s lowest exports since 2014/15. Projected 2022/23 ending stocks are decreased 0.5 million tons to 267.3 million as reductions for Russia, Canada, Argentina, and Ukraine more than offset increases for the EU and Australia. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for lower exports and greater ending stocks. Exports are lowered 75 million bushels as competition from other exporters and relatively high U.S. prices have resulted in slow sales and shipments through early December. With no other use changes, corn ending stocks are raised 75 million bushels. The season- average corn price received by producers is lowered 10 cents to $6.70 per bushel based on observed prices to date. For 2022/23 sorghum, a substantial decline in demand from China supports greater domestic use expectations. Exports are lowered 20 million bushels, with offsetting increases to food, seed, and industrial and feed and residual use. WASDE- 631-2 Global coarse grain production for 2022/23 is forecast down 5.9 million tons to 1,453.6 million. The 2022/23 foreign coarse grain outlook is for lower production, greater trade, and smaller stocks relative to last month. Foreign corn production is reduced with forecast declines for Ukraine, Russia, the EU, and Vietnam. Ukraine corn production is sharply lower with reductions to both area and yield as the ongoing conflict and record- setting autumn rainfall have delayed the harvest in key producing oblasts of Poltava, Sumy, and Cherkasy. Russia corn produc tion is lowered as harvest delays in the country reduce area expectations. Barley production is raised for Australia based on the most recent crop report from ABARES. Argentina barley production is cut on continued dry conditions. Corn exports are raised for Ukraine but lowered for the United States, Russia, and the EU. Barley exports are raised for Australia but lowered for Argentina. For 2021/22, sorghum exports for Argentina are lowered for the local marketing year beginning March 2022, based on shipments through the month of November. For 2022/23, corn imports are raised for the EU, but lowered for Canada, Iran, South Korea, Mexico, Vietnam, Philippines, and Turkey. Sorghum imports are reduced for China. Foreign corn ending stocks are down, reflecting reductions for Ukraine, Paraguay, Vietnam, and Mexico. Global corn stocks, at 298.4 million tons, are down 2.4 million. RICE : The outlook for 2022/23 U.S. rice is for unchanged supplies and domestic use, lower exports, and higher stocks compared with last month. The export forecast is reduced 2.0 million cwt to 69.0 million, all long -grain, based on a slow pace of shipments and sales and would be the lowest level since 1991/92. Rough rice exports are reduced 2.0 million cwt to 23.0 million, which would be the lowest level since 2000/01. Ending stocks are forecast 2.0 million cwt higher to 38.1 million. The 2022/23 season average farm price (SAFP) forecasts for all medium - and short -grain rice and all -rice were both lowered as the proportion of California rice for 2022/23 is expected to be smaller. The medium - and short -grain SAFP forecast is lowered $0.90 per cwt to $29.10 and the all -rice SAFP forecast is lowered $0.90 per cwt to $19.00. The SAFP for long-grain rice is unchanged at $16.50 per cwt. The 2022/23 global outlook has slightly lower supplies, less consumption, increased trade, and slightly reduced ending stocks compared with last month. Supplies are lowered 1.2 million tons to 685.6 million, primarily on lower beginning stocks for Vietnam and Thailand and reduced production in Australia and the EU. The global consumption forecast declines 0.9 million tons to 51 6.9 million, primarily on a reduction for India. Trade is forecast 0.9 million tons larger to 53.7 million tons, mainly on increased exports for India, Thailand, and Vietnam. Global 2022/23 ending stocks are reduced by 0.4 million tons to 168.6 million, the lowest since 2017/18. OILSEEDS : Total U.S. oilseed production for 2022/23 is forecast at 127.9 million tons, up slightly due to an increase for cottonseed. Soybean supply and use projections for 2022/23 are unchanged from last month. Based on a review of EPA's recent proposed rule for renewable fuel obligation targets, soybean oil used for biofuel for 2022/23 is reduced 200 million pounds to 11.6 billion. Soybean oil exports are also reduced on historically low export sales through November. With reduced use of soybean oil for biofuel and exports, food use and ending stocks are raised. The U.S. season- average soybean price forecast is WASDE- 631-3 unchanged at $14.00 per bushel. The soybean oil price is reduced 1 cent per pound to 68 cents. The soybean meal price forecast is increased $10.00 to $410.00 per short ton. Global oilseed production for 2022/23 is projected at 644.4 million tons, down 1.2 million from last month. Lower sunflower, rapeseed, palm kernel, and cottonseed production forecasts are partly offset by higher soybean output . Global sunflowerseed production is reduced for Russia and Ukraine based on harvest results. Canola production for Canada is lowered 0.5 million tons to 19.0 million based on government reports. Palm kernel and palm oil production is lowered for Indonesia for 2021/22, reflecting crop losses during periods of export restrictions and poor harvest weather. Indonesian palm oil production for 2022/23 is also lowered 1.0 million tons to 45.5 million. The global soybean outlook includes higher production, exports, and ending stocks. Production is raised on higher output for India and Ukraine. Exports are raised slightly as higher shipments for Argentina are partly offset by lower exports for Canada and Paraguay. With global crush relatively unchanged, ending stocks are raised 0.5 million tons to 102.7 million. SUGAR: U.S. sugar supply in 2022/23 is virtually unchanged from last month as projected changes in production are counterbalanced by projected imports of sugar from Mexico in accordance with the terms of the CVD Suspension Agreements. Beet sugar production is lowered 66,980 short tons, raw value (STRV) to 4.927 million. Beet processors reduced their forecast of sugarbeets available for slicing by 252,846 tons in their December forecast published in Sweetener Market Data. An increase in cane sugar production partially offsets the beet sugar decline. Cane sugar production in Louisiana is increased by 18,460 STRV to 2.025 million. Although NASS decreased its sugarcane yield to 32.2 tons/acre from 32.4, production is increased on more cane area for sugar instead of for seed and a 1.01 percent increase in recovery projected by processors. Cane sugar in Texas is increased slightly on processor reporting. Imports from Mexico are projected based on fulfilling U.S. Needs according to components from this December WASDE which will be used by the Department of Commerce in establishing the Export Limit as of January 1, 2023. There are no changes to use. Ending stocks are residually projected at 1.707 million STRV for an ending stocks -to- use ratio of 13.5 percent, virtually unchanged from last month. On November 23, Customs and Border Protection (CBP) issued a Withhold Releas e Order (WRO) against Central Romana Corporation in the Dominican Republic (DR) on alleged use of forced labor and other factors. The WRO prohibits entry into the United States of raw sugar and sugar -based products produced by the company. The USDA has d etermined that the DR sugar industry intends to re- configure distribution in the local sugar market and re- arrange the company level allotments of the TRQ with the local mills to meet its full 2022/23 raw sugar TRQ allocation. USDA projects Mexico sugar production for 2022/23 the same as last month at 5.900 million metric tons (MT). CONADESUCA released its 2022/23 forecast of 6.026 million MT in November. The USDA adopts CONADESUCA projected sugarcane yield of 64.06 MT/hectare and recovery of 11.30 percent, but projects area harvested only at 814,850 hectares, up about 15,000 hectares from last month but less than CONADESUCA’s forecast of 832,245. Exports are projected at 1.266 million MT and almost all (barring a small amount exported in October) is intended for the U.S. market under export license. Ending stocks are WASDE- 631-4 projected at a level covering 2023/24 use for 2.5 months prior to next season’s campaign. Shipments to IMMEX are reduced by 38,886 MT to 494,114 to accommodate exports to the U.S. market. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2022 red meat and poultry production is raised from last month as higher beef, broiler, and turkey forecasts for the fourth quarter are partly offset by lower pork. Beef production is raised with higher expected cattle slaughter as well as heavier carcass weights. Pork production is lowered on lighter carcass weights. Broiler and turkey production are raised on current slaughter and hatchery data. Egg production is raised slightly on revised third- quart er data. For 2023, the beef forecast is unchanged, with offsetting first and second quarter changes. Broiler production is raised on more rapid expected growth in bird numbers later in the year. Turkey production is lowered for the first half of the year on recent discoveries of Highly Pathogenic Avian Influenza. Egg production is reduced on a slower expected pace of recovery. Beef imports for 2022 are unchanged, but exports are raised on recent data. Exports are raised for 2023 on expectations of continued momentum to East Asian markets. Pork imports and exports for 2022 are both lowered on recent data. Pork imports for 2023 are lowered slightly, while exports are unchanged. The broiler export forecast for 2022 is raised on recent trade data, while 2023 exports are lowered. Turkey exports are unchanged, but imports are raised for both years on current data and tightness in domestic supplies. Price forecasts for cattle, hogs, and broilers are unchanged for 2022 and 2023. The turkey price forecast for 2022 is lowered on current price data, but the forecast for 2023 is unchanged. Egg price forecasts for 2022 and 2023 are raised on recent prices and expectations of continued firm demand and tight supplies. The milk production forecast for 2022 is unchanged from last month. The 2023 production forecast is raised slightly with both higher expected cow numbers and slightly m ore rapid growth in output per cow. Fat and skim -solids basis imports for 2022 are raised, driven by recent trade data and expectations of continued demand for imported cheese and butterfat products. Forecasts for 2023 fat basis and skim -solids basis imports are raised on imports of butter and milk proteins, respectively. Exports on a fat basis for 2022 and 2023 are raised on butter and casein . Exports on a skim -solids basis are raised in 2022 as higher nonfat dry milk (NDM) more than offsets lower lactose. The 2023 forecast is reduced on lower lactose shipments. For 2022, forecasts for butter and cheese are raised on recent prices and expectations of continued strength in demand, but whey and NDM prices are unchanged. The Class III price is raised on the higher cheese price and the Class IV price is raised on the higher butter price. For 2023, the price forecasts for cheese and butter are raised as demand strength carries into 2023, but prices for NDM and whey are lowered on pressure from international markets. The higher cheese price more than offsets the lower whey price and the Class III price is raised while the Class IV price forecast is lowered, reflecting the lower NDM price. The 2022 all milk price forecast is raised to $25.65 per cwt and the 2023 all milk price is raised to $2 2.70 per cwt. WASDE- 631-5 COTTON : This month’s 2022/23 U.S. cotton forecasts include higher production and ending stocks but lower mill use and exports. Production is 211,000 bales higher —at 14.2 million bales —mainly due to higher yields in the Delta and Southeast. Mill use is lowered 100,000 bales reflecting reduced spinning levels to date and weaker expectations for future demand. A reduction in expected world demand and trade results in a 250,000- bale decrease for U.S. cotton exports, down to 12.25 million. En ding stocks are now expected to be 500,000 bales higher than they were a month earlier, but the upland cotton season- average farm price is unchanged at 85 cents per pound. The global 2022/23 cotton forecasts include lower production, consumption, and trad e, but higher ending stocks. Production is down 700,000 bales from the previous month’s forecast, led by an 800,000- bale decline in Pakistan’s flood- damaged crop. Australian production is estimated 500,000 bales lower, and Mali’s crop is reduced 120,000 bales. Higher than expected yields in Turkey resulted in a 500,000- bale upward revision. Global consumption is down 3.3 million bales from the previous month, and on a year -to-year basis world cotton use is now projected to decline 4.9 percent, similar to the decline experienced in 2021/22. Th is month’s changes to 2022/23 consumption include 1.0- million -bale reductions for China and India, and smaller reductions for Pakistan, Turkey, and Vietnam . Projected world trade is cut 950,000 bales this month, with imports reduced for China, Turkey, and Vietnam. Exports are reduced for Australia, Mali, Malaysia, India, and Brazil. World ending stocks are projected 2.3 million bales higher this month, and at 89.6 million bales are 4.1 million higher than in 2021/22. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 631-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, F AS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 631-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 December 2022 WASDE - 631 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.06 3542.72 487.86 2741.74 800.98 2021/22 (Est.) 2797.07 3598.05 509.96 2805.36 792.70 filler filler filler filler filler 2022/23 (Proj.) Nov 2745.90 3539.96 486.60 2776.69 763.27 2022/23 (Proj.) Dec 2737.48 3530.18 488.09 2769.94 760.24 filler filler filler filler filler Wheat 2020/21 774.55 1072.76 203.33 782.42 290.34 2021/22 (Est.) 779.33 1069.67 202.82 793.40 276.27 filler filler filler filler filler 2022/23 (Proj.) Nov 782.68 1058.99 208.65 791.17 267.82 2022/23 (Proj.) Dec 780.59 1056.86 210.85 789.53 267.33 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.19 1778.47 233.60 1455.84 322.63 2021/22 (Est.) 1502.69 1825.32 250.22 1491.17 334.14 filler filler filler filler filler 2022/23 (Proj.) Nov 1459.54 1794.18 225.12 1467.75 326.43 2022/23 (Proj.) Dec 1453.62 1787.77 223.54 1463.50 324.27 filler filler filler filler filler Rice, milled 2020/21 509.32 691.50 50.93 503.48 188.02 2021/22 (Est.) 515.05 703.07 56.92 520.78 182.29 filler filler filler filler filler 2022/23 (Proj.) Nov 503.69 686.79 52.83 517.77 169.02 2022/23 (Proj.) Dec 503.27 685.56 53.70 516.91 168.64 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.39 94.85 361.36 57.18 filler filler filler filler filler 2022/23 (Proj.) Nov 414.89 480.14 82.57 348.36 49.21 2022/23 (Proj.) Dec 414.89 480.25 80.09 348.98 51.17 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 30.40 18.21 filler filler filler filler filler 2022/23 (Proj.) Nov 44.90 66.38 21.09 29.75 15.54 2022/23 (Proj.) Dec 44.90 66.38 21.09 29.75 15.54 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.15 37.71 filler filler filler filler filler 2022/23 (Proj.) Nov 364.77 405.85 59.22 314.11 32.52 2022/23 (Proj.) Dec 364.77 405.96 56.81 314.73 34.42 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.09 8.68 2.61 4.81 1.26 filler filler filler filler filler 2022/23 (Proj.) Nov 5.22 7.91 2.25 4.51 1.15 2022/23 (Proj.) Dec 5.22 7.91 2.19 4.51 1.21 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). December 2022 WASDE - 631 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.20 3,025.86 380.63 2,390.50 742.58 2021/22 (Est.) 2,348.47 3,084.67 415.11 2,444.00 735.52 filler filler filler filler filler 2022/23 (Proj.) Nov 2,331.01 3,059.82 404.03 2,428.32 714.07 2022/23 (Proj.) Dec 2,322.59 3,049.93 407.99 2,420.96 709.06 filler filler filler filler filler Wheat 2020/21 724.80 992.29 176.28 752.01 267.34 2021/22 (Est.) 734.53 999.27 181.03 763.00 258.06 filler filler filler filler filler 2022/23 (Proj.) Nov 737.77 992.61 187.56 761.42 252.28 2022/23 (Proj.) Dec 735.69 990.48 189.76 759.78 251.79 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.30 1,351.28 156.39 1,139.88 288.61 2021/22 (Est.) 1,104.98 1,391.00 179.77 1,165.02 296.43 filler filler filler filler filler 2022/23 (Proj.) Nov 1,094.77 1,388.33 165.89 1,153.64 293.91 2022/23 (Proj.) Dec 1,088.85 1,381.81 166.73 1,148.77 289.85 filler filler filler filler filler Rice, milled 2020/21 502.10 682.28 47.96 498.62 186.63 2021/22 (Est.) 508.96 694.39 54.32 515.97 181.02 filler filler filler filler filler 2022/23 (Proj.) Nov 498.47 678.89 50.58 513.26 167.88 2022/23 (Proj.) Dec 498.05 677.65 51.51 512.40 167.43 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.47 209.86 48.73 123.16 86.73 2021/22 (Est.) 115.73 202.45 42.86 117.40 85.44 filler filler filler filler filler 2022/23 (Proj.) Nov 116.43 202.07 43.20 114.95 87.27 2022/23 (Proj.) Dec 115.73 201.17 42.25 111.70 89.56 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Nov 14.03 17.79 12.50 2.30 3.00 2022/23 (Proj.) Dec 14.24 18.00 12.25 2.20 3.50 filler filler filler filler filler Foreign 4/ 2020/21 96.86 188.00 32.38 120.76 83.58 2021/22 (Est.) 98.21 181.78 28.24 114.85 81.69 filler filler filler filler filler 2022/23 (Proj.) Nov 102.40 184.28 30.70 112.65 84.27 2022/23 (Proj.) Dec 101.49 183.18 30.00 109.50 86.06 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. December 2022 WASDE - 631 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.51 719.44 192.03 508.17 115.58 2021/22 (Est.) 604.15 719.72 178.01 511.59 114.37 filler filler filler filler filler 2022/23 (Proj.) Nov 645.60 759.15 197.57 534.36 121.94 2022/23 (Proj.) Dec 644.40 758.76 198.27 533.44 121.42 filler filler filler filler filler Oilmeals 2020/21 348.42 368.69 97.00 345.14 17.97 2021/22 (Est.) 350.22 368.19 95.71 346.21 17.68 filler filler filler filler filler 2022/23 (Proj.) Nov 365.81 383.25 97.71 358.02 18.88 2022/23 (Proj.) Dec 365.42 383.10 97.58 358.54 19.00 filler filler filler filler filler Vegetable Oils 2020/21 206.47 236.40 85.40 204.54 28.31 2021/22 (Est.) 208.95 237.26 79.00 204.20 29.43 filler filler filler filler filler 2022/23 (Proj.) Nov 218.91 248.43 87.91 213.80 30.30 2022/23 (Proj.) Dec 217.55 246.98 87.46 212.80 29.85 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.88 9.12 filler filler filler filler filler 2022/23 (Proj.) Nov 127.87 138.34 56.64 65.57 7.70 2022/23 (Proj.) Dec 127.92 138.40 56.64 65.63 7.70 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.26 53.21 12.47 40.39 0.35 filler filler filler filler filler 2022/23 (Proj.) Nov 50.49 54.81 12.66 41.75 0.40 2022/23 (Proj.) Dec 50.51 54.83 12.66 41.77 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 filler filler filler filler filler 2022/23 (Proj.) Nov 13.42 20.16 0.83 18.11 1.22 2022/23 (Proj.) Dec 13.43 20.07 0.74 18.10 1.24 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 482.99 577.75 129.25 445.51 106.94 2021/22 (Est.) 472.80 578.56 118.30 447.71 105.24 filler filler filler filler filler 2022/23 (Proj.) Nov 517.74 620.81 140.93 468.79 114.24 2022/23 (Proj.) Dec 516.47 620.36 141.63 467.81 113.72 filler filler filler filler filler Oilmeals 2020/21 300.17 315.67 84.37 305.14 17.58 2021/22 (Est.) 300.96 314.98 83.24 305.83 17.33 filler filler filler filler filler 2022/23 (Proj.) Nov 315.33 328.43 85.05 316.28 18.48 2022/23 (Proj.) Dec 314.91 328.27 84.92 316.77 18.59 filler filler filler filler filler Vegetable Oils 2020/21 193.77 217.54 84.36 188.02 27.01 2021/22 (Est.) 195.89 217.65 77.95 186.91 28.17 filler filler filler filler filler 2022/23 (Proj.) Nov 205.49 228.27 87.08 195.68 29.08 2022/23 (Proj.) Dec 204.12 226.91 86.73 194.70 28.61 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. December 2022 WASDE - 631 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 669 669 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 120 Supply, Total 2,956 2,587 2,439 2,439 Food 961 972 977 977 Seed 64 58 66 66 Feed and Residual 93 88 50 50 Domestic, Total 1,117 1,117 1,093 1,093 Exports 994 800 775 775 Use, Total 2,111 1,917 1,868 1,868 Ending Stocks 845 669 571 571 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.20 9.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 505 226 243 77 67 1,117 Exports 317 209 112 148 14 800 Use, Total 822 435 355 224 81 1,917 Ending Stocks, Total 360 140 94 52 23 669 2022/23 (Proj.) Beginning Stocks 360 140 94 52 23 669 Production 531 446 337 272 64 1,650 Supply, Total 3/ 896 646 436 329 132 2,439 Domestic Use 417 297 214 86 80 1,093 Exports 220 230 125 180 20 775 Use, Total 637 527 339 266 100 1,868 Ending Stocks, Total Dec 259 119 97 64 33 571 Ending Stocks, Total Nov 259 124 87 69 33 571 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. December 2022 WASDE - 631 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Million Acres Area Planted 102.3 105.8 100.5 100.5 Area Harvested 90.6 94.4 89.6 89.6 Metric Tons Yield per Harvested Acre 4.11 4.21 4.07 4.07 Million Metric Tons Beginning Stocks 51.8 34.0 37.7 37.7 Production 372.6 397.5 364.5 364.5 Imports 2.2 2.3 3.1 3.1 Supply, Total 426.6 433.8 405.2 405.3 Feed and Residual 146.7 148.4 138.0 138.2 Food, Seed & Industrial 168.8 177.2 175.5 175.8 Domestic, Total 315.4 325.6 313.5 314.1 Exports 77.2 70.5 59.2 56.8 Use, Total 392.6 396.1 372.7 370.9 Ending Stocks 34.0 37.7 32.5 34.4 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 80.8 80.8 Bushels Yield per Harvested Acre 171.4 176.7 172.3 172.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,930 13,930 Imports 24 24 50 50 Supply, Total 16,055 16,333 15,357 15,357 Feed and Residual 5,607 5,717 5,300 5,300 Food, Seed & Industrial 2/ 6,467 6,767 6,725 6,725 Ethanol & by -products 3/ 5,028 5,326 5,275 5,275 Domestic, Total 12,074 12,484 12,025 12,025 Exports 2,747 2,471 2,150 2,075 Use, Total 14,821 14,956 14,175 14,100 Ending Stocks 1,235 1,377 1,182 1,257 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.80 6.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. December 2022 WASDE - 631 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.4 6.4 Area Harvested (mil. acres) 5.1 6.5 5.5 5.5 Yield (bushels/acre) 73.2 69.0 43.0 43.0 Beginning Stocks 30 20 53 53 Production 373 448 236 236 Imports 0 0 0 0 Supply, Total 403 468 289 289 Feed and Residual 97 75 65 70 Food, Seed & Industrial 7 45 25 40 Total Domestic 104 121 90 110 Exports 279 294 175 155 Use, Total 383 415 265 265 Ending Stocks 20 53 24 24 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.65 6.70 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 15 15 Supply, Total 258 206 231 231 Feed and Residual 26 20 30 30 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 160 160 Exports 14 7 6 6 Use, Total 186 164 166 166 Ending Stocks 71 42 65 65 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 31 31 Production 66 40 58 58 Imports 85 81 85 90 Supply, Total 188 159 173 178 Feed and Residual 68 46 60 65 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 125 141 146 Exports 3 3 2 2 Use, Total 150 128 143 148 Ending Stocks 38 31 30 30 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.50 5.20 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. December 2022 WASDE - 631 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.18 2.18 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,549 7,549 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.8 164.3 164.3 Imports 34.1 37.8 45.0 45.0 Supply, Total 290.2 273.2 249.1 249.1 Domestic & Residual 3/ 153.1 151.4 142.0 142.0 Exports, Total 4/ 93.5 82.2 71.0 69.0 Rough 34.6 28.3 25.0 23.0 Milled (rough equiv.) 58.9 53.9 46.0 46.0 Use, Total 246.6 233.5 213.0 211.0 Ending Stocks 43.7 39.7 36.1 38.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.90 19.00 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Harvested Acres (mil.) 2.30 1.94 Yield (pounds/acre) 7,422 7,471 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 35.0 35.0 Production 170.8 144.6 131.7 131.7 Supply, Total 7/ 215.1 205.1 191.3 191.3 Domestic & Residual 3/ 120.3 119.8 113.0 113.0 Exports 8/ 65.0 60.6 53.0 51.0 Use, Total 185.3 180.4 166.0 164.0 Ending Stocks 29.7 24.6 25.3 27.3 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.50 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Harvested Acres (mil.) 0.69 0.55 Yield (pounds/acre) 8,282 8,543 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 10.0 10.0 Production 56.7 47.2 32.7 32.7 Supply, Total 7/ 72.7 66.2 55.7 55.7 Domestic & Residual 3/ 32.8 31.6 29.0 29.0 Exports 8/ 28.5 21.5 18.0 18.0 Use, Total 61.2 53.1 47.0 47.0 Ending Stocks 11.5 13.0 8.7 8.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 24.80 30.00 29.10 California 10/ 22.60 28.50 36.00 36.00 Other States 1/ 13.00 13.90 17.40 17.40 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. December 2022 WASDE - 631 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.6 86.6 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 50.2 50.2 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,346 4,346 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,634 4,634 Crushings 2,141 2,204 2,245 2,245 Exports 2,266 2,158 2,045 2,045 Seed 101 102 102 102 Residual -4 2 22 22 Use, Total 4,504 4,465 4,414 4,414 Ending Stocks 257 274 220 220 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.00 14.00 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,999 1,991 Production 4/ 25,023 26,143 26,310 26,310 Imports 302 303 500 300 Supply, Total 27,177 28,578 28,809 28,601 Domestic Disappearance 23,314 24,813 25,650 25,600 Biofuel 3/ 8,920 10,348 11,800 11,600 Food, Feed & other Industrial 14,394 14,465 13,850 14,000 Exports 1,731 1,773 1,300 1,100 Use, Total 25,046 26,587 26,950 26,700 Ending stocks 2,131 1,991 1,859 1,901 Avg. Price (c/lb) 2/ 56.87 72.98 69.00 68.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. November December Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 311 311 Production 4/ 50,565 51,811 52,839 52,839 Imports 784 649 600 600 Supply, Total 51,691 52,800 53,750 53,750 Domestic Disappearance 37,674 38,966 39,700 39,700 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,490 53,400 53,400 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 400.00 410.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,245 million bushels for 2022/23. December 2022 WASDE - 631 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,814 1,814 Production 2/ 9,233 9,136 9,086 9,039 Beet Sugar 5,092 5,155 4,994 4,927 Cane Sugar 4,141 3,981 4,091 4,111 Florida 2,090 1,933 1,989 1,989 Louisiana 1,918 1,924 2,006 2,025 Texas 134 124 96 97 Imports 3,221 3,646 3,441 3,494 TRQ 3/ 1,749 1,579 1,691 1,691 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,500 1,552 Mexico 968 1,379 1,425 1,477 High -tier tariff/other 212 390 75 75 Total Supply 14,072 14,487 14,341 14,347 Exports 49 29 35 35 Deliveries 12,277 12,578 12,605 12,605 Food 12,161 12,470 12,500 12,500 Other 5/ 116 107 105 105 Miscellaneous 40 66 0 0 Total Use 12,367 12,673 12,640 12,640 Ending Stocks 1,705 1,814 1,701 1,707 Stocks to Use Ratio 13.8 14.3 13.5 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (77) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol ma nufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Nov 1,053 6,185 31 4,629 1,676 964 2021/22 Est. Dec 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Nov 964 5,900 35 4,701 1,219 979 2022/23 Proj. Dec 964 5,900 35 4,662 1,266 971 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Estimated Oct. 2022 = 122; Estimated Oct. 2021 = 103. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMME X), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 ( 494 proj = 469 dom.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0). December 2022 WASDE - 631 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Nov Dec Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.79 13.79 Harvested 8.22 10.27 7.88 7.88 Fil ler Pounds Yield per Harvested Acre 853 819 855 868 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.03 14.24 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 17.79 18.00 Domestic Use 2.40 2.55 2.30 2.20 Exports, Total 16.35 14.62 12.50 12.25 Use, Total 18.75 17.17 14.80 14.45 Unaccounted 2/ -0.04 -0.24 -0.01 0.05 Ending Stocks 3.15 3.75 3.00 3.50 Avg. Farm Price 3/ 66.3 91.4 85.0 85.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. December 2022 WASDE - 631 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.21 774.55 194.73 157.89 782.42 203.33 290.34 World Less China 148.19 640.30 184.11 117.89 632.42 202.56 146.22 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.22 724.80 192.00 155.36 752.01 176.28 267.34 Major Exporters 4/ 32.48 322.46 6.67 72.80 179.33 147.42 34.86 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.68 31.92 0.20 4.50 8.03 23.77 3.00 Canada 5.50 35.44 0.55 4.15 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.65 200.43 124.41 57.58 323.40 12.62 182.46 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.79 20.65 17.74 3.54 38.83 0.62 10.73 Southeast Asia 9/ 5.91 0.00 25.18 7.29 25.00 1.14 4.95 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 290.34 779.33 198.26 160.93 793.40 202.82 276.27 World Less China 146.22 642.39 188.69 125.93 645.40 201.94 134.51 United States 23.00 44.80 2.59 2.39 30.40 21.78 18.21 Total Foreign 267.34 734.53 195.67 158.54 763.00 181.03 258.06 Major Exporters 4/ 34.86 327.17 5.82 78.54 185.67 142.68 39.51 Argentina 2.32 22.15 0.00 0.05 6.15 16.25 2.08 Australia 3.00 36.35 0.21 5.00 8.53 27.53 3.50 Canada 5.95 22.30 0.55 4.99 9.99 15.13 3.67 European Union 5/ 10.70 138.22 4.61 45.00 108.25 31.92 13.36 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 182.46 203.23 130.46 53.73 323.32 15.31 177.52 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.73 16.50 22.90 3.88 38.78 0.75 10.61 Southeast Asia 9/ 4.95 0.00 27.01 7.50 25.33 1.23 5.41 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 276.31 782.68 202.59 156.39 791.17 208.65 267.82 Dec 276.27 780.59 204.30 154.91 789.53 210.85 267.33 World Less China Nov 134.55 644.68 193.09 126.39 647.17 207.75 123.46 Dec 134.51 642.59 194.80 124.91 645.53 209.95 122.97 United States Nov 18.21 44.90 3.27 1.36 29.75 21.09 15.54 Dec 18.21 44.90 3.27 1.36 29.75 21.09 15.54 Total Foreign Nov 258.10 737.77 199.32 155.03 761.42 187.56 252.28 Dec 258.06 735.69 201.03 153.55 759.78 189.76 251.79 Major Exporters 4/ Nov 39.58 330.80 7.21 81.05 188.75 150.00 38.83 Dec 39.51 328.72 8.21 78.55 186.20 152.50 37.74 Argentina Nov 2.08 15.50 0.01 0.05 6.15 10.00 1.43 Dec 2.08 12.50 0.01 0.05 6.15 7.50 0.93 Australia Nov 3.50 34.50 0.20 5.00 8.55 26.00 3.65 Dec 3.50 36.60 0.20 5.00 8.55 27.50 4.25 Canada Nov 3.67 35.00 0.60 4.00 9.10 26.00 4.17 Dec 3.67 33.82 0.60 3.50 8.55 26.00 3.55 European Union 5/ Nov 13.43 134.30 6.00 45.50 109.25 35.00 9.48 Dec 13.36 134.30 7.00 44.50 108.25 36.00 10.41 Russia Nov 11.09 91.00 0.30 21.00 45.00 42.00 15.39 Dec 11.09 91.00 0.30 21.00 45.00 43.00 14.39 Ukraine Nov 5.81 20.50 0.10 5.50 10.70 11.00 4.71 Dec 5.81 20.50 0.10 4.50 9.70 12.50 4.21 Major Importers 6/ Nov 177.53 205.70 132.55 47.90 319.82 15.77 180.19 Dec 177.52 205.82 133.22 48.70 320.47 15.77 180.32 Bangladesh Nov 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Dec 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Brazil Nov 1.18 9.40 5.90 0.50 11.80 3.50 1.18 Dec 1.18 9.50 5.60 0.40 11.70 3.50 1.08 China Nov 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Dec 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Japan Nov 1.18 1.05 5.70 0.65 6.20 0.30 1.43 Dec 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Nov 11.00 17.60 30.20 1.77 47.52 0.50 10.78 Dec 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Nigeria Nov 0.62 0.11 6.30 0.00 5.90 0.60 0.53 Dec 0.62 0.11 6.10 0.00 5.70 0.60 0.53 Sel. Mideast 8/ Nov 10.57 17.59 23.22 3.88 39.48 0.77 11.13 Dec 10.61 17.61 23.22 3.38 39.18 0.77 11.49 Southeast Asia 9/ Nov 5.32 0.00 26.23 7.40 25.30 1.15 5.10 Dec 5.41 0.00 27.15 8.20 26.25 1.15 5.17 Selected Other India Nov 19.50 103.00 0.03 6.00 104.00 6.50 12.03 Dec 19.50 103.00 0.03 6.00 104.00 6.25 12.28 Kazakhstan Nov 1.49 14.00 1.00 1.40 6.25 9.00 1.24 Dec 1.49 14.00 1.00 1.40 6.25 9.00 1.24 United Kingdom Nov 1.81 15.40 1.80 7.80 15.80 1.30 1.91 Dec 1.81 15.40 1.80 7.80 15.80 1.30 1.91 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some co untries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirat es, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.28 1,441.19 233.87 904.00 1,455.84 233.60 322.63 World Less China 136.33 1,172.10 183.34 683.05 1,142.74 233.59 115.17 United States 51.83 372.89 2.47 146.84 315.97 77.21 34.01 Total Foreign 285.45 1,068.30 231.39 757.17 1,139.88 156.39 288.61 Major Exporters 4/ 24.24 297.33 5.46 134.75 181.01 126.63 19.39 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.58 137.73 294.53 377.02 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.63 1,502.69 229.65 915.45 1,491.17 250.22 334.14 World Less China 115.17 1,221.84 188.15 687.63 1,171.15 250.21 124.37 United States 34.01 397.71 2.59 148.60 326.15 70.46 37.71 Total Foreign 288.61 1,104.98 227.06 766.85 1,165.02 179.77 296.43 Major Exporters 4/ 19.39 333.62 9.48 143.91 190.13 147.28 25.09 Argentina 2.06 61.16 0.01 13.02 18.64 42.20 2.38 Australia 2.98 18.76 0.00 5.39 7.26 11.21 3.26 Brazil 4.60 120.62 2.95 66.09 78.18 44.52 5.48 Canada 3.61 24.43 6.40 16.90 25.12 5.63 3.68 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 12.95 16.08 32.93 6.17 Major Importers 5/ 36.30 248.19 138.84 288.58 371.73 15.30 36.30 European Union 6/ 14.62 154.41 21.35 120.47 159.89 13.72 16.77 Japan 1.66 0.24 16.50 13.09 16.83 0.00 1.57 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.66 61.15 69.90 0.69 6.46 Saudi Arabia 1.33 0.20 8.18 7.95 8.31 0.00 1.40 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.64 3.41 South Korea 2.04 0.20 11.61 9.24 11.77 0.00 2.08 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 334.64 1,459.54 218.67 904.79 1,467.75 225.12 326.43 Dec 334.14 1,453.62 217.01 899.86 1,463.50 223.54 324.27 World Less China Nov 124.87 1,177.24 183.52 675.44 1,147.20 225.07 119.80 Dec 124.37 1,171.32 182.56 671.21 1,143.65 223.49 117.65 United States Nov 37.71 364.77 3.37 138.28 314.11 59.22 32.52 Dec 37.71 364.77 3.48 138.51 314.73 56.81 34.42 Total Foreign Nov 296.93 1,094.77 215.30 766.51 1,153.65 165.89 293.91 Dec 296.43 1,088.85 213.53 761.34 1,148.77 166.73 289.85 Major Exporters 4/ Nov 24.51 340.04 3.50 147.39 194.12 141.24 32.69 Dec 25.09 335.75 3.00 144.50 191.22 142.67 29.95 Argentina Nov 2.28 64.11 0.01 11.96 17.67 46.50 2.23 Dec 2.38 63.81 0.01 11.96 17.67 46.20 2.33 Australia Nov 3.26 17.47 0.00 5.52 7.40 10.18 3.16 Dec 3.26 18.17 0.00 6.02 7.90 10.48 3.06 Brazil Nov 5.48 130.54 1.80 69.50 81.99 47.03 8.81 Dec 5.48 130.54 1.80 69.50 81.99 47.03 8.80 Canada Nov 3.68 29.72 1.54 17.41 25.00 6.55 3.39 Dec 3.68 30.54 1.04 17.22 24.91 6.68 3.67 Russia Nov 1.85 42.00 0.10 23.00 32.40 9.65 1.91 Dec 1.85 41.00 0.10 22.80 32.10 8.95 1.91 Ukraine Nov 5.66 38.96 0.00 12.62 15.75 17.93 10.94 Dec 6.17 34.46 0.00 9.62 12.75 19.93 7.96 Major Importers 5/ Nov 36.66 232.85 139.09 282.77 364.55 10.89 33.17 Dec 36.30 231.29 138.49 281.17 363.17 10.39 32.52 European Union 6/ Nov 16.79 136.67 21.40 113.62 151.73 9.27 13.85 Dec 16.77 135.68 23.10 114.51 152.98 8.77 13.79 Japan Nov 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Dec 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Mexico Nov 3.93 33.50 18.57 31.64 51.36 0.60 4.04 Dec 3.93 33.50 18.07 31.34 51.06 0.60 3.84 N. Afr & Mideast 7/ Nov 6.48 31.13 38.41 60.90 69.22 0.44 6.37 Dec 6.46 31.13 37.71 60.20 68.52 0.44 6.34 Saudi Arabia Nov 1.43 0.19 8.71 8.75 9.11 0.00 1.23 Dec 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Southeast Asia 8/ Nov 3.67 30.81 19.36 41.25 49.80 0.58 3.45 Dec 3.41 30.31 18.76 40.25 48.75 0.58 3.14 South Korea Nov 2.06 0.22 11.60 9.24 11.80 0.00 2.09 Dec 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Selected Other China Nov 209.77 282.30 35.15 229.35 320.55 0.05 206.62 Dec 209.77 282.30 34.45 228.65 319.85 0.05 206.62 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.41 1,129.20 184.94 723.98 1,144.08 182.70 292.54 World Less China 106.88 868.53 155.42 520.98 859.08 182.70 86.83 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.65 770.76 184.32 581.56 837.39 112.93 261.18 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.54 1,216.87 183.90 751.28 1,202.31 202.51 307.09 World Less China 86.83 944.31 162.02 542.28 911.31 202.51 97.96 United States 31.36 382.89 0.62 145.21 317.12 62.78 34.98 Total Foreign 261.18 833.97 183.29 606.07 885.19 139.73 272.12 Major Exporters 4/ 9.04 240.95 2.37 99.70 122.80 115.18 14.38 Argentina 1.18 51.50 0.01 10.80 14.70 36.50 1.49 Brazil 4.15 116.00 2.30 62.00 73.00 44.50 4.95 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.10 0.00 7.20 13.10 3.20 1.92 Ukraine 0.83 42.13 0.02 9.70 10.90 26.98 5.09 Major Importers 5/ 21.78 136.21 94.29 168.10 223.25 6.89 22.14 Egypt 1.36 7.44 9.73 14.50 17.00 0.00 1.52 European Union 6/ 7.88 70.98 19.78 62.30 82.70 6.00 9.94 Japan 1.42 0.01 15.00 11.70 15.05 0.00 1.38 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.16 40.10 48.25 0.64 3.40 South Korea 2.02 0.10 11.50 9.20 11.55 0.00 2.06 Selected Other Canada 2.17 13.98 6.14 11.54 17.36 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Nov 307.68 1,168.39 177.60 740.33 1,175.30 182.74 300.76 Dec 307.09 1,161.86 176.42 735.25 1,170.55 181.63 298.40 World Less China Nov 98.54 894.39 159.60 526.33 880.30 182.72 94.64 Dec 97.96 887.86 158.42 521.25 875.55 181.61 92.29 United States Nov 34.98 353.84 1.27 134.63 305.45 54.61 30.02 Dec 34.98 353.84 1.27 134.63 305.45 52.71 31.93 Total Foreign Nov 272.70 814.55 176.33 605.71 869.86 128.13 270.74 Dec 272.12 808.03 175.15 600.63 865.10 128.93 266.48 Major Exporters 4/ Nov 13.86 244.20 1.36 102.30 126.20 110.90 22.32 Dec 14.38 238.70 1.36 99.10 122.90 112.20 19.34 Argentina Nov 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Dec 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Brazil Nov 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Dec 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Russia Nov 0.93 15.00 0.05 10.00 11.20 4.00 0.78 Dec 0.93 14.00 0.05 9.80 10.90 3.30 0.78 South Africa Nov 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Dec 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Ukraine Nov 4.57 31.50 0.00 9.50 10.70 15.50 9.87 Dec 5.09 27.00 0.00 6.50 7.70 17.50 6.89 Major Importers 5/ Nov 22.53 120.77 95.40 160.50 214.75 3.89 20.06 Dec 22.14 119.67 95.40 159.80 214.40 3.39 19.43 Egypt Nov 1.59 7.44 9.20 13.90 16.40 0.01 1.83 Dec 1.52 7.44 9.20 13.90 16.40 0.01 1.75 European Union 6/ Nov 9.96 54.80 20.00 55.50 74.70 2.70 7.36 Dec 9.94 54.20 21.50 56.50 76.10 2.20 7.34 Japan Nov 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Dec 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Mexico Nov 3.16 27.60 17.70 26.30 44.50 0.60 3.36 Dec 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Southeast Asia 7/ Nov 3.66 30.76 17.50 39.60 47.90 0.58 3.44 Dec 3.40 30.26 17.00 38.70 46.95 0.58 3.13 South Korea Nov 2.05 0.08 11.50 9.20 11.55 0.00 2.08 Dec 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Selected Other Canada Nov 2.75 14.50 1.50 9.80 15.00 1.60 2.15 Dec 2.75 14.54 1.00 9.30 14.50 1.60 2.19 China Nov 209.14 274.00 18.00 214.00 295.00 0.02 206.12 Dec 209.14 274.00 18.00 214.00 295.00 0.02 206.12 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. December 2022 WASDE - 631 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.17 509.32 46.40 503.48 50.93 188.02 World Less China 65.67 361.02 42.18 353.19 48.71 71.52 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.26 502.10 45.32 498.62 47.96 186.63 Major Exporters 4/ 41.22 191.63 2.01 149.40 38.33 47.13 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 1.15 8.42 0.01 3.70 3.88 2.00 Thailand 3.98 18.86 0.20 12.70 6.06 4.28 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.05 255.09 2.71 128.20 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.25 5.85 0.00 0.92 Selected Other Brazil 0.24 8.00 0.63 7.35 0.95 0.57 C. Amer & Carib 8/ 0.69 1.59 1.62 3.28 0.04 0.57 Egypt 1.23 4.00 0.22 4.30 0.01 1.15 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.02 515.05 54.47 520.78 56.92 182.29 World Less China 71.52 366.06 48.52 364.42 54.85 69.29 United States 1.39 6.09 1.20 4.81 2.61 1.26 Total Foreign 186.63 508.96 53.27 515.97 54.32 181.02 Major Exporters 4/ 47.13 198.56 1.53 159.74 44.40 43.09 Burma 1.21 12.35 0.00 10.40 2.30 0.87 India 37.00 130.29 0.00 111.29 22.00 34.00 Pakistan 2.00 9.10 0.01 3.75 4.80 2.55 Thailand 4.28 19.88 0.13 12.80 7.90 3.58 Vietnam 2.64 26.94 1.40 21.50 7.40 2.08 Major Importers 5/ 128.20 241.99 22.28 263.04 2.53 126.90 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.72 2.43 3.50 0.41 0.92 Indonesia 3.06 34.40 0.75 35.30 0.00 2.91 Nigeria 1.69 5.26 2.40 7.35 0.00 2.00 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.92 2.15 4.19 6.08 0.00 1.19 Selected Other Brazil 0.57 7.34 0.85 7.20 1.30 0.26 C. Amer & Carib 8/ 0.57 1.63 1.71 3.25 0.04 0.62 Egypt 1.15 2.90 0.65 4.05 0.01 0.65 Japan 1.94 7.67 0.69 8.20 0.12 1.98 Mexico 0.20 0.18 0.75 0.97 0.01 0.16 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2022 WASDE - 631 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Nov 183.10 503.69 51.42 517.77 52.83 169.02 Dec 182.29 503.27 52.43 516.91 53.70 168.64 World Less China Nov 70.10 356.69 46.42 362.77 50.63 61.22 Dec 69.29 356.27 47.23 361.91 51.50 60.64 United States Nov 1.26 5.22 1.43 4.51 2.25 1.15 Dec 1.26 5.22 1.43 4.51 2.19 1.21 Total Foreign Nov 181.84 498.47 49.99 513.26 50.58 167.88 Dec 181.02 498.05 51.00 512.40 51.51 167.43 Major Exporters 4/ Nov 43.79 190.43 0.86 157.40 41.30 36.37 Dec 43.09 190.43 0.86 156.80 42.30 35.27 Burma Nov 0.87 12.50 0.00 10.30 2.40 0.67 Dec 0.87 12.50 0.00 10.30 2.40 0.67 India Nov 34.00 124.00 0.00 109.00 19.50 29.50 Dec 34.00 124.00 0.00 108.50 20.00 29.50 Pakistan Nov 2.55 6.60 0.01 3.70 4.00 1.46 Dec 2.55 6.60 0.01 3.70 4.00 1.46 Thailand Nov 3.88 20.10 0.15 12.90 8.20 3.03 Dec 3.58 20.10 0.15 12.80 8.50 2.53 Vietnam Nov 2.48 27.23 0.70 21.50 7.20 1.71 Dec 2.08 27.23 0.70 21.50 7.40 1.11 Major Importers 5/ Nov 126.85 239.39 19.80 262.75 2.66 120.64 Dec 126.90 239.33 20.60 262.75 2.64 121.44 China Nov 113.00 147.00 5.00 155.00 2.20 107.80 Dec 113.00 147.00 5.20 155.00 2.20 108.00 European Union 6/ Nov 0.92 1.35 2.50 3.55 0.42 0.80 Dec 0.92 1.29 2.65 3.55 0.40 0.91 Indonesia Nov 2.86 34.60 0.55 35.50 0.00 2.51 Dec 2.91 34.60 0.75 35.50 0.00 2.76 Nigeria Nov 2.00 5.04 2.20 7.45 0.00 1.79 Dec 2.00 5.04 2.20 7.45 0.00 1.79 Philippines Nov 4.50 12.41 3.30 15.60 0.00 4.61 Dec 4.50 12.41 3.40 15.60 0.00 4.71 Sel. Mideast 7/ Nov 1.19 2.24 4.00 6.25 0.00 1.18 Dec 1.19 2.24 4.10 6.25 0.00 1.28 Selected Other Brazil Nov 0.36 7.30 0.85 7.25 0.90 0.36 Dec 0.26 7.24 0.85 7.20 0.90 0.24 C. Amer & Carib 8/ Nov 0.62 1.55 1.74 3.27 0.03 0.61 Dec 0.62 1.55 1.74 3.28 0.03 0.60 Egypt Nov 0.65 3.60 0.55 4.10 0.01 0.69 Dec 0.65 3.60 0.55 4.10 0.01 0.69 Japan Nov 1.97 7.45 0.69 8.20 0.12 1.79 Dec 1.98 7.45 0.69 8.20 0.12 1.79 Mexico Nov 0.16 0.19 0.80 0.98 0.01 0.15 Dec 0.16 0.19 0.80 0.98 0.01 0.15 South Korea Nov 1.34 3.80 0.42 4.00 0.06 1.50 Dec 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. December 2022 WASDE - 631 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.39 111.47 48.69 123.16 48.73 -0.06 86.73 World Less China 62.05 81.87 35.83 82.16 48.72 -0.06 48.93 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.14 96.86 48.69 120.76 32.38 -0.02 83.58 Major Exporters 4/ 40.39 53.78 1.61 34.90 27.87 -0.08 33.09 Central Asia 5/ 3.96 5.45 0.03 4.11 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.60 -0.09 15.78 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.69 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.73 115.73 42.89 117.40 42.86 -0.37 85.44 World Less China 48.93 88.93 35.05 82.40 42.74 -0.37 48.13 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.58 98.21 42.88 114.85 28.24 -0.12 81.69 Major Exporters 4/ 33.09 55.29 1.79 34.11 24.03 -0.18 32.21 Central Asia 5/ 3.29 4.95 0.06 4.16 1.48 0.00 2.66 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.78 19.55 0.16 4.23 12.43 -0.18 19.01 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 Brazil 11.12 11.72 0.02 3.20 7.73 0.00 11.94 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.87 39.66 38.69 76.48 2.93 0.06 46.75 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 35.00 0.12 0.00 37.31 European Union 9/ 0.37 1.68 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. December 2022 WASDE - 631 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Nov 85.64 116.43 43.22 114.95 43.20 -0.13 87.27 Dec 85.44 115.73 42.27 111.70 42.25 -0.07 89.56 World Less China Nov 48.33 88.43 34.72 78.45 43.13 -0.13 50.03 Dec 48.13 87.73 34.27 76.20 42.13 -0.07 51.87 United States Nov 3.75 14.03 0.01 2.30 12.50 -0.01 3.00 Dec 3.75 14.24 0.01 2.20 12.25 0.05 3.50 filler filler filler filler filler filler filler Total Foreign Nov 81.89 102.40 43.22 112.65 30.70 -0.12 84.27 Dec 81.69 101.49 42.27 109.50 30.00 -0.12 86.06 Major Exporters 4/ Nov 32.41 59.12 2.30 32.66 26.57 -0.17 34.77 Dec 32.21 58.49 2.40 31.66 25.86 -0.17 35.75 Central Asia 5/ Nov 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Dec 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Afr. Fr. Zone 6/ Nov 1.71 5.54 3/ 0.10 5.40 0.00 1.76 Dec 1.61 5.42 3/ 0.10 5.19 0.00 1.74 S. Hemis. 7/ Nov 19.01 20.53 0.15 4.18 15.76 -0.18 19.94 Dec 19.01 20.03 0.15 4.18 15.36 -0.18 19.84 Australia Nov 4.86 5.50 3/ 0.01 6.20 -0.19 4.34 Dec 4.86 5.00 3/ 0.01 5.90 -0.19 4.14 filler filler filler filler filler filler filler Brazil Nov 11.94 13.00 0.02 3.20 8.40 0.00 13.35 Dec 11.94 13.00 0.02 3.20 8.30 0.00 13.45 India Nov 8.70 27.50 1.55 24.00 3.45 0.00 10.30 Dec 8.60 27.50 1.65 23.00 3.35 0.00 11.40 Major Importers 8/ Nov 46.70 40.03 38.70 75.95 2.72 0.06 46.70 Dec 46.75 39.74 37.60 73.75 2.87 0.06 47.41 Mexico Nov 0.37 1.40 1.00 1.80 0.50 0.01 0.46 Dec 0.37 1.40 1.00 1.80 0.50 0.01 0.46 China Nov 37.31 28.00 8.50 36.50 0.08 0.00 37.24 Dec 37.31 28.00 8.00 35.50 0.13 0.00 37.69 European Union 9/ Nov 0.25 1.57 0.56 0.58 1.46 0.00 0.33 Dec 0.30 1.58 0.56 0.58 1.51 0.00 0.34 Turkey Nov 2.77 4.40 4.70 8.30 0.65 0.00 2.92 Dec 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Pakistan Nov 1.89 4.50 5.00 9.70 0.03 0.03 1.64 Dec 1.89 3.70 5.00 9.00 0.03 0.03 1.54 Indonesia Nov 0.46 3/ 2.45 2.45 0.01 0.00 0.46 Dec 0.46 3/ 2.45 2.45 0.01 0.00 0.46 Thailand Nov 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Dec 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Nov 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Dec 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Vietnam Nov 1.02 3/ 6.80 6.70 0.00 0.00 1.13 Dec 1.02 3/ 6.60 6.50 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. December 2022 WASDE - 631 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.73 368.52 165.54 315.43 363.76 164.99 100.03 World Less China 70.12 348.92 65.80 222.43 251.02 164.92 68.89 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.45 253.77 165.00 257.18 302.86 103.33 93.04 Major Exporters 3/ 47.42 197.39 5.92 90.21 100.84 94.95 54.94 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.03 355.61 157.14 314.78 363.38 153.82 95.59 World Less China 68.89 339.21 65.58 227.28 256.16 153.72 63.80 United States 6.99 121.53 0.43 59.98 62.78 58.72 7.45 Total Foreign 93.04 234.08 156.71 254.80 300.59 95.10 88.14 Major Exporters 3/ 54.94 178.17 4.44 91.90 102.44 87.25 47.85 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 127.00 0.54 50.75 54.00 79.14 23.81 Paraguay 0.45 4.20 0.05 2.25 2.33 2.25 0.13 Major Importers 4/ 34.56 20.16 123.85 116.28 143.50 0.42 34.65 China 31.15 16.40 91.57 87.50 107.22 0.10 31.79 European Union 1.56 2.71 14.55 15.40 16.97 0.29 1.55 Southeast Asia 1.20 0.53 8.32 4.45 9.27 0.02 0.75 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Nov 94.67 390.53 166.28 329.28 380.17 169.14 102.17 Dec 95.59 391.17 166.21 329.32 380.88 169.38 102.71 World Less China Nov 62.88 372.13 68.28 233.28 263.58 169.04 70.67 Dec 63.80 372.77 68.21 233.32 264.29 169.28 71.21 United States Nov 7.45 118.27 0.41 61.10 64.48 55.66 5.99 Dec 7.45 118.27 0.41 61.10 64.48 55.66 5.99 Total Foreign Nov 87.22 272.26 165.87 268.18 315.69 113.49 96.17 Dec 88.14 272.90 165.80 268.22 316.40 113.72 96.72 Major Exporters 3/ Nov 47.39 214.00 5.57 95.28 106.29 104.88 55.79 Dec 47.85 214.00 5.57 95.33 106.36 105.28 55.79 Argentina Nov 23.90 49.50 4.80 39.75 47.00 7.20 24.00 Dec 23.90 49.50 4.80 39.75 47.00 7.70 23.50 Brazil Nov 23.34 152.00 0.75 51.75 55.35 89.50 31.24 Dec 23.81 152.00 0.75 51.75 55.35 89.50 31.71 Paraguay Nov 0.13 10.00 0.01 3.70 3.86 5.75 0.53 Dec 0.13 10.00 0.01 3.75 3.93 5.65 0.56 Major Importers 4/ Nov 34.19 21.82 132.38 125.10 153.73 0.33 34.32 Dec 34.65 21.82 132.03 124.80 153.43 0.37 34.70 China Nov 31.79 18.40 98.00 96.00 116.59 0.10 31.50 Dec 31.79 18.40 98.00 96.00 116.59 0.10 31.50 European Union Nov 1.13 2.47 14.80 15.20 16.78 0.22 1.40 Dec 1.55 2.47 14.40 14.90 16.48 0.25 1.69 Southeast Asia Nov 0.80 0.50 9.88 4.85 10.20 0.02 0.96 Dec 0.75 0.50 9.88 4.85 10.20 0.02 0.92 Mexico Nov 0.30 0.23 6.40 6.55 6.60 0.00 0.32 Dec 0.30 0.23 6.40 6.55 6.60 0.00 0.33 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. December 2022 WASDE - 631 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.54 247.81 64.07 244.16 68.98 14.28 World Less China 15.54 174.16 64.00 171.48 67.92 14.28 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 15.23 201.94 63.36 209.98 56.57 13.98 Major Exporters 3/ 6.76 75.10 0.26 28.58 46.93 6.61 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.25 16.58 4.15 India 0.42 7.60 0.24 6.05 2.03 0.18 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.28 247.02 65.01 244.03 68.25 14.04 World Less China 14.28 177.72 64.95 175.15 67.77 14.04 United States 0.31 47.00 0.59 35.35 12.27 0.28 Total Foreign 13.98 200.02 64.42 208.68 55.98 13.75 Major Exporters 3/ 6.61 77.22 0.79 30.00 47.47 7.16 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.15 39.34 0.01 19.65 20.22 3.62 India 0.18 7.60 0.65 7.02 0.66 0.74 Major Importers 4/ 2.00 22.60 37.93 59.75 1.13 1.66 European Union 0.55 12.17 16.84 28.14 0.77 0.64 Mexico 0.20 5.02 1.83 6.85 0.02 0.18 Southeast Asia 5/ 1.10 3.47 17.57 21.06 0.34 0.74 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 13.75 258.47 65.04 252.79 69.95 14.52 Dec 14.04 258.50 65.64 253.32 70.09 14.76 World Less China Nov 13.75 182.44 64.99 177.71 68.95 14.52 Dec 14.04 182.47 65.59 178.24 69.09 14.76 United States Nov 0.28 47.94 0.54 36.02 12.43 0.32 Dec 0.28 47.94 0.54 36.02 12.43 0.32 Total Foreign Nov 13.46 210.54 64.49 216.77 57.52 14.20 Dec 13.75 210.56 65.09 217.31 57.66 14.45 Major Exporters 3/ Nov 7.19 79.11 0.12 30.76 48.30 7.36 Dec 7.16 79.11 0.12 30.63 48.40 7.36 Argentina Nov 2.80 31.01 0.00 3.40 27.60 2.81 Dec 2.80 31.01 0.00 3.40 27.60 2.80 Brazil Nov 3.64 40.10 0.02 20.35 19.50 3.91 Dec 3.62 40.10 0.02 20.20 19.60 3.94 India Nov 0.75 8.00 0.10 7.01 1.20 0.65 Dec 0.74 8.00 0.10 7.03 1.20 0.62 Major Importers 4/ Nov 1.44 22.86 38.28 59.83 1.07 1.67 Dec 1.66 22.62 38.50 59.86 1.12 1.80 European Union Nov 0.42 12.01 16.80 27.94 0.75 0.54 Dec 0.64 11.77 16.80 27.84 0.80 0.57 Mexico Nov 0.13 5.18 1.85 6.95 0.01 0.20 Dec 0.18 5.18 1.85 6.95 0.01 0.24 Southeast Asia 5/ Nov 0.74 3.79 17.80 21.23 0.31 0.79 Dec 0.74 3.79 18.00 21.38 0.31 0.84 China Nov 0.00 76.03 0.05 75.08 1.00 0.00 Dec 0.00 76.03 0.05 75.08 1.00 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. December 2022 WASDE - 631 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.38 59.23 11.71 58.45 12.61 5.26 World Less China 4.60 42.56 10.48 40.85 12.57 4.23 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.54 47.88 11.58 47.87 11.83 4.30 Major Exporters 3/ 1.54 20.54 0.75 12.51 9.02 1.30 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.98 1.26 0.47 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.59 19.87 6.77 26.36 0.21 1.67 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.14 1.71 3.25 4.95 0.01 0.13 North Africa 5/ 0.43 0.99 1.63 2.60 0.13 0.33 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.26 59.37 11.47 59.35 12.19 4.56 World Less China 4.23 43.69 11.18 42.70 12.07 4.32 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.30 47.51 11.33 48.10 11.38 3.66 Major Exporters 3/ 1.30 20.79 0.59 12.63 8.65 1.39 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.77 0.03 7.50 2.41 0.36 European Union 0.44 2.93 0.46 2.41 0.97 0.46 Major Importers 4/ 1.67 19.11 6.57 26.25 0.28 0.82 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.13 1.71 4.23 5.83 0.02 0.24 North Africa 5/ 0.33 1.22 1.41 2.55 0.13 0.26 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Nov 4.42 61.87 11.68 60.39 12.66 4.93 Dec 4.56 61.88 11.56 60.51 12.62 4.87 World Less China Nov 4.18 44.67 10.68 42.59 12.57 4.37 Dec 4.32 44.67 10.56 42.71 12.53 4.31 United States Nov 0.91 11.93 0.23 11.64 0.59 0.84 Dec 0.90 11.93 0.14 11.61 0.50 0.86 Total Foreign Nov 3.52 49.94 11.45 48.75 12.07 4.08 Dec 3.66 49.94 11.42 48.90 12.12 4.00 Major Exporters 3/ Nov 1.44 21.41 0.60 12.62 9.28 1.56 Dec 1.39 21.37 0.58 12.63 9.33 1.38 Argentina Nov 0.53 7.86 0.00 2.38 5.50 0.51 Dec 0.52 7.86 0.00 2.38 5.50 0.50 Brazil Nov 0.36 9.97 0.10 7.83 2.10 0.50 Dec 0.36 9.97 0.08 7.83 2.15 0.43 European Union Nov 0.50 2.89 0.50 2.36 1.08 0.46 Dec 0.46 2.83 0.50 2.36 1.08 0.36 Major Importers 4/ Nov 0.66 20.67 6.69 26.74 0.21 1.06 Dec 0.82 20.72 6.65 26.87 0.21 1.11 China Nov 0.24 17.20 1.00 17.80 0.09 0.55 Dec 0.24 17.20 1.00 17.80 0.09 0.55 India Nov 0.10 1.80 3.35 5.10 0.02 0.14 Dec 0.24 1.80 3.35 5.20 0.02 0.17 North Africa 5/ Nov 0.24 1.13 1.59 2.59 0.11 0.27 Dec 0.26 1.19 1.55 2.62 0.11 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. December 2022 WASDE - 631 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 IV 7,106 7,185 14,341 11,193 1,366 12,689 27,030 2,371 55.4 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III 7,147 6,533 13,725 11,896 1,264 13,311 27,037 2,246 56.5 IV* 7,180 6,985 14,213 11,750 1,300 13,180 27,393 2,285 56.3 Annual Nov Proj. 28,347 27,121 55,655 45,974 5,188 51,710 107,366 9,032 227.0 Dec Proj. 28,417 27,061 55,664 46,095 5,213 51,867 107,531 9,033 227.0 2023 I* 6,660 6,980 13,685 11,500 1,325 12,955 26,640 2,300 57.1 II* 6,600 6,505 13,150 11,575 1,380 13,090 26,240 2,340 58.5 III* 6,490 6,615 13,150 12,050 1,420 13,610 26,760 2,385 57.0 Annual Nov Proj. 26,275 27,345 53,803 46,825 5,580 52,935 106,738 9,515 229.2 Dec Proj. 26,275 27,345 53,803 46,925 5,550 53,005 106,808 9,465 229.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 IV 132.36 56.36 110.9 133.4 131.8 20.67 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV* 152.00 64.00 125.0 178.0 395.0 25.80 Annual Nov Proj. 144.15 71.33 140.9 155.4 260.0 25.50 Dec Proj. 144.15 71.33 140.9 154.7 278.3 25.65 2023 I* 153.00 63.00 130.0 160.0 260.0 23.75 II* 154.00 71.00 133.0 157.0 185.0 22.40 III* 155.00 69.00 130.0 147.0 160.0 21.75 Annual Nov Proj. 156 67 131 153 184 22.60 Dec Proj. 156 67 131 153 194 22.70 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. December 2022 WASDE - 631 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Proj. Nov 676 28,415 3,376 32,467 3,542 730 28,195 59.2 Dec 676 28,485 3,376 32,537 3,562 700 28,275 59.4 2023 Proj. Nov 730 26,343 3,350 30,423 3,070 640 26,713 55.9 Dec 700 26,343 3,350 30,393 3,090 640 26,663 55.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Proj. Nov 446 27,135 1,424 29,005 6,409 540 22,056 51.4 Dec 446 27,075 1,399 28,920 6,334 520 22,066 51.4 2023 Proj. Nov 540 27,360 1,410 29,310 6,280 570 22,460 52.1 Dec 520 27,360 1,400 29,280 6,280 570 22,430 52.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Proj. Nov 1,147 55,747 5,165 62,059 9,956 1,299 50,805 112.1 Dec 1,147 55,756 5,135 62,038 9,901 1,248 50,890 112.3 2023 Proj. Nov 1,299 53,895 5,125 60,318 9,354 1,237 49,728 109.5 Dec 1,248 53,895 5,115 60,258 9,374 1,237 49,647 109.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Proj. Nov 705 45,482 187 46,374 7,212 830 38,332 98.8 Dec 705 45,602 187 46,493 7,262 840 38,391 99.0 2023 Proj. Nov 830 46,324 170 47,324 7,370 790 39,164 100.6 Dec 840 46,423 180 47,443 7,345 830 39,268 100.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Proj. Nov 166 5,188 86 5,440 417 165 4,857 14.6 Dec 166 5,213 91 5,470 417 165 4,887 14.7 2023 Proj. Nov 165 5,580 100 5,845 425 170 5,250 15.7 Dec 165 5,550 120 5,835 425 170 5,240 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Proj. Nov 874 51,218 280 52,372 7,660 999 43,713 115.0 Dec 874 51,373 285 52,532 7,710 1,009 43,814 115.3 2023 Proj. Nov 999 52,433 276 53,708 7,819 964 44,925 117.9 Dec 1,009 52,502 306 53,817 7,794 1,004 45,019 118.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Proj. Nov 2,021 106,965 5,445 114,431 17,615 2,298 94,518 227.1 Dec 2,021 107,129 5,420 114,570 17,610 2,257 94,703 227.5 2023 Proj. Nov 2,298 106,328 5,401 114,027 17,173 2,201 94,653 227.4 Dec 2,257 106,397 5,421 114,075 17,168 2,241 94,667 227.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. December 2022 WASDE - 631 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Nov Dec Nov Dec Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 20.5 20.5 Production 9,291.8 9,237.8 9,032.0 9,032.8 9,515.0 9,465.0 Imports 15.5 18.2 22.7 22.0 19.5 19.5 Total Supply 9,338.9 9,280.5 9,073.9 9,074.0 9,555.0 9,505.0 Use Exports 344.0 392.2 221.8 226.8 265.0 265.0 Hatching Use 1,078.5 1,103.9 1,124.0 1,119.0 1,150.0 1,150.0 Ending Stocks 24.5 19.1 20.5 20.5 21.0 21.0 Disappearance Total 7,891.8 7,765.3 7,707.6 7,707.7 8,119.0 8,069.0 Per Capita (number) 285.5 280.5 277.6 277.7 291.5 289.7 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Nov Dec Nov Dec Milk Billion Pounds Production 223.3 226.3 227.0 227.0 229.2 229.5 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 14.1 14.0 Marketings 222.2 225.2 225.9 225.9 228.1 228.5 Imports 6.8 6.5 7.0 7.3 7.1 7.2 Total Supply 242.6 247.4 247.2 247.6 249.3 249.6 Fat Basis Use Exports 9.3 11.5 13.1 13.5 12.7 13.0 Ending Stocks 15.6 14.3 14.1 14.0 14.9 14.7 Domestic Use 217.8 221.5 220.0 220.1 221.6 222.0 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.2 11.1 Marketings 222.2 225.2 225.9 225.9 228.1 228.5 Imports 5.6 5.8 6.4 6.5 6.0 6.1 Total Supply 238.0 241.9 243.4 243.5 245.4 245.7 Skim -solid Basis Use Exports 47.2 50.8 52.4 52.4 52.5 52.3 Ending Stocks 10.9 11.1 11.2 11.1 11.1 11.2 Domestic Use 179.9 180.0 179.8 180.0 181.8 182.2 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. December 2022 WASDE - 631 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Proj. 2023 Proj. 2023 Proj. Nov Dec Nov Dec Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.100 2.110 1.970 1.995 Butter 1.5808 1.7325 2.845 2.875 2.455 2.465 Nonfat Dry Milk 1.0417 1.2693 1.680 1.680 1.405 1.375 Dry Whey 0.3621 0.5744 0.605 0.605 0.485 0.465 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.80 21.95 19.65 19.80 Class IV 13.49 16.09 24.30 24.50 20.35 20.10 All Milk 3/ 18.13 18.53 25.50 25.65 22.60 22.70 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. December 2022 WASDE - 631 - 35 Reliability of December Projections 1/ Note: Tables on pages 35 -37 present a record of the December projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1. 3 percent. The average difference between the December projection and the final estimate is 3.7 million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 30 times and above 11 times. Differences be tween forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.8 1.3 3.7 0.4 10.2 30 11 U.S. 0.4 0.7 0.2 0.0 1.2 21 14 Foreign 0.9 1.5 3.7 0.3 10.3 30 11 Exports World 5.1 8.7 5.6 0.1 18.3 32 9 U.S. 5.7 9.6 1.5 0.2 3.9 21 20 Foreign 6.3 10.6 5.4 0.5 17.9 35 6 Domestic Use World 1.3 2.2 6.0 0.1 24.4 23 18 U.S. 5.8 9.7 1.5 0.1 3.6 10 31 Foreign 1.3 2.3 6.0 0.1 24.6 27 14 Ending Stocks World 5.6 9.4 7.5 0.9 28.6 29 12 U.S. 10.4 17.6 1.8 0.1 7.0 28 13 Foreign 5.7 9.6 6.3 0.4 28.1 28 13 COARSE GRAINS 2/ Production World 1.4 2.4 12.3 0.0 36.0 30 11 U.S. 1.3 2.2 2.5 0.0 9.9 19 22 Foreign 2.0 3.4 12.3 0.3 37.5 29 12 Exports World 6.5 11.0 6.4 0.1 33.3 29 12 U.S. 14.9 25.2 5.3 0.1 12.8 19 22 Foreign 11.6 19.5 6.9 0.0 27.1 26 14 Domestic Use World 1.2 2.1 9.9 0.3 36.5 24 17 U.S. 3.4 5.8 4.8 0.1 17.9 18 23 Foreign 1.5 2.5 9.6 0.3 36.9 26 15 Ending Stocks World 10.9 18.3 14.6 0.2 137.6 34 7 U.S. 19.2 32.4 7.2 0.7 23.9 21 20 Foreign 14.1 23.8 13.4 0.1 143.9 33 8 RICE, milled Production World 1.9 3.2 5.6 0.0 16.2 33 8 U.S. 2.8 4.7 0.1 0.0 0.5 20 16 Foreign 1.9 3.3 5.6 0.1 16.2 34 7 Exports World 9.3 15.6 2.0 0.1 6.3 31 10 U.S. 7.9 13.2 0.2 0.0 0.6 19 20 Foreign 10.4 17.5 2.0 0.0 6.5 29 12 Domestic Use World 1.5 2.5 3.7 0.0 15.9 29 12 U.S. 7.8 13.1 0.2 0.0 0.6 22 19 Foreign 1.5 2.6 3.7 0.0 16.1 29 12 Ending Stocks World 10.3 17.4 5.7 0.1 27.9 33 8 U.S. 20.9 35.2 0.2 0.0 0.8 22 19 Foreign 10.6 17.9 5.7 0.2 27.7 33 8 1/ Footnotes at end of table. CONTINUED December 2022 WASDE - 631 - 36 Reliability of December Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.8 6.5 6.0 0.1 26.2 22 19 U.S. 2.0 3.4 1.1 0.1 4.7 18 23 Foreign 6.3 10.6 6.0 0.1 27.3 19 22 Exports World 7.0 11.8 3.9 0.1 18.3 24 17 U.S. 8.9 15.0 2.2 0.1 6.4 24 17 Foreign 17.3 29.2 3.7 0.0 21.3 20 21 Domestic Use World 2.7 4.6 4.3 0.0 13.9 21 20 U.S. 3.4 5.8 1.2 0.0 3.6 27 14 Foreign 3.3 5.6 3.9 0.2 13.9 22 19 Ending Stocks World 15.1 25.4 4.6 0.1 18.5 23 18 U.S. 43.1 72.5 2.1 0.2 7.3 12 29 Foreign 16.5 27.8 4.1 0.1 18.3 24 17 COTTON Million 480 -Pound Bales Production World 3.2 5.3 2.4 0.0 7.2 23 17 U.S. 2.5 4.3 0.3 0.0 1.3 18 22 Foreign 3.7 6.2 2.3 0.0 7.1 22 18 Exports World 7.2 12.2 2.0 0.1 9.0 24 17 U.S. 13.3 22.5 0.9 0.0 3.0 25 16 Foreign 9.2 15.5 1.5 0.0 8.3 21 19 Domestic Use World 4.1 6.9 2.8 0.1 18.2 20 21 U.S. 8.6 14.5 0.3 0.0 1.0 20 20 Foreign 4.1 6.9 2.7 0.1 17.4 22 19 Ending Stocks World 11.2 18.9 4.7 0.1 19.3 23 18 U.S. 30.0 50.5 1.1 0.1 3.2 13 28 Foreign 11.8 19.8 4.4 0.1 17.5 27 14 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. December 2022 WASDE - 631 - 37 Reliability of United States December Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.3 94 0 396 20 20 Exports 15.6 26.3 190 9 513 18 23 Domestic Use 3.6 6.1 181 14 574 23 18 Ending Stocks 21.9 36.8 284 16 986 21 20 SORGHUM Production 4.1 7.0 15 1 53 21 20 Exports 18.3 30.9 29 0 123 26 14 Domestic Use 20.0 33.7 36 0 127 17 23 Ending Stocks 46.3 77.9 24 1 104 16 25 BARLEY Production 1.6 2.6 4 0 24 19 10 Exports 31.4 52.8 8 0 37 15 22 Domestic Use 8.1 13.6 16 0 70 16 24 Ending Stocks 14.7 24.8 13 0 39 27 12 OATS Production 1.1 1.8 2 0 18 8 9 Exports 69.7 117.3 1 0 7 11 10 Domestic Use 5.2 8.8 11 0 39 15 25 Ending Stocks 19.6 33.1 13 1 52 27 14 SOYBEAN MEAL Thousand Short Tons Production 3.4 5.8 1,034 102 3,117 25 16 Exports 10.9 18.3 717 100 2,850 23 18 Domestic Use 3.2 5.3 701 50 2,293 22 19 Ending Stocks 33.2 56.0 63 0 253 16 23 SOYBEAN OIL Million Pounds Production 3.4 5.7 457 43 1,530 28 13 Exports 28.3 47.7 364 0 1,325 22 17 Domestic Use 3.7 6.2 464 25 1,761 25 16 Ending Stocks 21.1 35.5 293 1 1,051 26 15 ANIMAL PROD. Million Pounds Beef 3.5 6.0 725 9 2,311 28 12 Pork 3.2 5.4 435 20 1,592 21 19 Broilers 1.7 2.9 394 1 1,346 24 16 Turkeys 3.2 5.4 130 2 452 21 19 Million Dozen Eggs 2.1 3.5 118 3 515 26 14 Billion Pounds Milk 1.5 2.5 1.8 0.1 6.1 22 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. WASDE- 631-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 You’re invited to USDA's largest annual gathering and the agricultural sector's premier event —the 2023 Agricultural Outlook Forum. The Forum will be held in person on February 23- 24, 2023, at the Crystal City Gateway Marriott, Arlington, VA and all session s will be livestreamed. The program will feature an exceptional lineup of topics and speakers! • Join Chief Economist Seth Meyer as he unveils USDA’s initial forecast for the agricultural economy, commodity markets, and trade in 2023 and discuss U.S. farm income situation. • Learn from more than 100 subject matter experts, executives and academics as they discuss some of the most pressing issues impacting agriculture and potential solutions. • Get the latest on supply chain challenges and solutions, climate- smart agriculture and more! Participants can attend the Agricultural Outlook Forum in person or virtually. Registration is required for both virtual and in -person attendance. There is no cost to attending the Forum virtually. For more information, see the Forum' s Program at a Glance Don’t miss your chance to hear the latest updates from industry leaders. Register Today! For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World A gricultural Supply and Demand Estimates WASDE -631 – December 9, 2022 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 632 Approved by the World Agricultural Outlook Board January 12, 2023 WHEAT: The 2022/23 U.S. outlook this month is for increased supplies, larger domestic use, unchanged exports, and lower ending stocks. Supplies are raised on higher beginning stocks as reported in today’s NASS Grain Stocks report. Feed and residual use is raise d 30 million bushels to 80 million based on higher second- quarter implied disappearance based on the Grain Stocks report. Seed use is raised 3 million bushels to 69 million, reflecting larger than expected winter wheat plantings reported in today’s NASS W inter Wheat and Canola Seedings report. Projected 2022/23 ending stocks are lowered slightly as larger domestic use more than offsets higher beginning stocks. The season- average farm price is unchanged at $9.10 per bushel. The 2022/23 global outlook i s for increased supplies, exports, consumption, and stocks . World supplies are raised 1.3 million tons to 1,058.1 million on production increases in Ukraine and the EU. World consumption for 2022/23 is raised by 0.2 million tons to 789.7 million as higher feed and residual use for the United States more than offsets a decline for Ukraine. Projected 2022/23 global trade is increased 0.8 million tons to 211.6 million as increases for the EU and Ukraine more than offset a decline for India. EU and Ukraine exports are raised 0.5 million tons each to 36.5 and 13.0 million respectively on higher exportable supplies. Projected 2022/23 global ending stocks are raised 1.1 million tons to 268.4 million, with increases for th e EU, Ukraine, Kazakhstan, and India more than offsetting declines in Saudi Arabia and Iran. COARSE GRAINS: This month’s 2022/23 U.S. corn outlook is for reduced production, food, seed, and industrial use (FSI) , feed and residual use, exports, and ending stocks. Corn production is estimated at 13.730 billion bushels, down 200 million as an increase in yield is more than offset by a 1.6 million acre cut to harvested area. Total corn use is reduced 185 million bushels to 13.915 bil lion. Exports are reduced 150 million bushels to 1.925 billion, reflecting the slow pace of shipments through December, and the lowest level of outstanding sales as of early January since the 2019/20 marketing year. FSI use is lowered 10 million bushels, with reductions in corn used for starch and glucose and dextrose. Feed and residual use is down 25 million bushels to 5.275 billion, based on indicated disappearance during the September -November quarter as reflected by the Grain Stocks report. With supply falling more than use, 2022/23 corn stocks are lowered 15 million bushels. The season- average corn price received by producers is unchanged at $6.70 per bushel. Global coarse grain production for 2022/23 is forecast down 7.3 million tons to 1,446.4 million. This month’s foreign coarse grain outlook is for lower production, greater trade, and reduced stocks. Foreign corn production is forecast down with declines for Argentina and Brazil partly offset by an increase for China. Production is reduced for Argentina reflecting declines to both area and yield, as heat and dryness during December and into early January reduce yield prospects for early -planted corn in key central growing areas. Brazil corn WASDE- 632-2 production for 2022/23 is cut reflecting dry condi tions for first -crop corn in parts of southern Brazil. China corn production is higher based on the latest area and yield data from the National Bureau of Statistics. Barley production is raised for the United Kingdom but lowered for Ukraine. Major glo bal coarse grain trade changes for 2022/23 include increased corn exports for Ukraine and reductions for Argentina and the United States. For 2021/22, Argentina’s exports for the marketing year beginning in March 2022 are lowered based on observed shipmen ts to date, while Brazil is raised. Corn imports for 2022/23 are lowered for Vietnam and Peru. China’s corn feed and residual use is raised based on a larger crop and lower sorghum imports. Foreign corn ending stocks are down, mostly reflecting reductio ns for Ukraine, Brazil, Pakistan, and Paraguay with a partly offsetting increase for China. Global corn stocks, at 29 6.4 million tons, are down 2 .0 million. RICE : The outlook for 2022/23 U.S. rice this month is for smaller supplies, higher domestic use, decreased exports, and lower ending stocks. Supplies are reduced on lower production as NASS estimated all rice production at 160.4 million cwt, down 3.9 million from the previous estimate. The all rice average yield is estimated at 7,383 pounds per acre, down 166 pounds from the prior estimate. All rice domestic and residual use is raised 5.0 million cwt to 147.0 million on higher implied usage for August -November as indicated by the NASS Rice Stocks report. Exports are lowered by 3.0 million cwt to 66.0 million, which would be the lowest since 1985/86. Long- grain exports are reduced 2.0 million cwt to 49.0 million as U.S. rice continues to face heightened South American competition in its core Western Hemisphere markets. Medium - and short -grain exports are lowered 1.0 million cwt to 17.0 million on reduced exports to Northeast Asia markets. Projected 2022/23 all rice ending stocks are lowered 6.0 million cwt to 32.1 million. The projected 2022/23 all rice season-average farm price is raised $0.20 per cwt to $19.20, with increases in both the long- grain and Other States medium -and short grain prices. The 2022/23 global outlook is for larger supplies, reduced c onsumption, increased trade, and higher ending stocks this month. Supplies are raised 0.5 million tons to 686.1 million, as higher beginning stocks for Brazil, Vietnam, and Pakistan along with increased production for India more than offset reduced production for China. World 2022/23 consumption is lowered 0.8 million tons to 516.1 million, mainly on reductions for China and Cambodia not completely offset by increases for the Philippines and Pakistan. Projected world ending stocks are raised 1.3 million tons to 170.0 million, primarily on increases for Vietnam, India, and Brazil. OILSEEDS : U.S. oilseed production for 2022/23 is estimated at 126.0 million tons, down 2.0 million from the previous report on smaller soybean, sunflower, canola, and peanut crops. Soybean production is estimated at 4.276 billion bushels, down 69 million led by reductions for Missouri, Indiana, Illinois, and Kansas. Harvested area is estimated at 86.3 million acres, down 0.3 million from the previous report. Yield is estimated at 49.5 bushels per acre, down 0.6 bushels. The soybean export forecast is reduced 55 m illion bushels to 2.0 billion, reflecting lower supplies, reduced import demand for China, and a higher export forecast for Brazil. With lower supplies only partly offset by reduced exports, ending stocks are projected at 210 million bushels, down 10 million from the previous forecast. WASDE- 632-3 The U.S. season -average soybean price for 2022/23 is projected at $14.20 per bushel, up 20 cents. The soybean meal price is projected at $425 per short ton, up 15 dollars. The soybean oil price forecast is unchanged at 68 cents per pound. The 2022/23 foreign soybean supply and demand forecasts include higher stocks and lower production, crush, and trade. Beginning stocks are raised due to a n upward revision to Brazil’s 2021/22 soybean crop to 129.5 million tons, driven by higher -than-expected use through the end of the local year. Foreign 2022/23 soybean production is lowered 1.3 million tons as lower production for Argentina and Uruguay is partly offset by higher production for China and Brazil. Argentina’s soybean crop is reduced 4 million tons to 45.5 million on lower area and early season heat and dry weather conditions. China’s soybean crop is increased 1.9 million tons to 20.3 millio n on reports from China’s National Bureau of Statistics. Brazil’s crop is increased 1 .0 million tons to 153.0 million on higher area. Foreign 2022/23 soybean crush is reduced 2.0 million tons mainly for Argentina and China. Argentina’s crush is reduced on lower supplies while crush for China is reduced on a lower - than-expected pace during the first quarter of the marketing year. Partly offsetting is higher soybean crush for Brazil. Foreign soybean exports are reduced on lower exports for Argentina that are partly offset by higher exports for Brazil. China’s imports are lowered 2 million tons to 96 million on lower crush demand. With higher beginning stocks and lower use, global soybean ending stocks are increased 0.8 million tons to 103.5 million. SUGAR: U.S. sugar supply for 2022/23 is increased 178,027 short tons, raw value (STRV) over last month. Revisions for 2021/22 increase 2022/23 beginning stocks by 4,472 STRV. Louisiana production in September 2022 is increased by 19,259 STRV on processor reporting. This is partially offset by an increase in miscellaneous adjustments in use reported in the 2021/22 Sweetener Market Data (SMD). Because September production in Louisiana is a product of the 2022/23 sugarcane harvest, Louisiana production in 2022/23 is adjusted downward by the September 2022 amount but partially offset by an increase in projected production in September 2023. More significantly, Louisiana production is increased due to the January NASS forecast of sugarcane for sugar production increasing by 5.1 percent over last month to 15,818,000 tons. Sucrose recovery is unchanged at 13.48 percent. Production for the fis cal 2022/23 year is now 2,112,885 STRV, up 88,216 over last month. NASS projects 2022/23 sugarbeet production at 32,574,000, a 2.65 percent reduction, based on lower area harvested and yield. Lower sugarbeet production is more than offset by an increase in sucrose recovery. Based on sugar production data for August through November in the SMD, USDA projects sucrose recovery at 15.000 percent. This is up from last month’s 14.626 percent that was based on historical trend. The combined effect on 2022/23 beet sugar production is an increase of 120,819 STRV to 5,048,318. Sugar imports for 2022/23 are decreased by 35,480 STRV. Sugar under the 2021/22 TRQ permitted to enter by the extension of the quota year to the end of December was 164,225 STRV and below that estimated last month by 85,943. An offset comes from an increase in high-tier tariff imports by 50,000 STRV to 125,000 due to an expected increase in the pace of high-tier tariff refined sugar imports for the rest of the year and an increase in raw sugar high- tier imports recorded by Customs in December. Entries under the FTA TRQ are slightly increased as well. With no change in use, the change in ending stocks is equal to the supply WASDE- 632-4 increase and the resulting ending stocks -to-use ratio is increas ed to 14.9 percent from 13.5 percent last month. There are only small adjustments for 2022/23 Mexico supply and use. Exports are increased by a slight 759 metric ton (MT) total of exports to destinations other than those to the United States under licen se. With no change to ending stocks, deliveries to IMMEX are adjusted down by 759 MT. USDA projects Mexico sugar production for 2022/23 the same as last month at 5.900 million MT. USDA estimates that the sugar production campaign through the end of December is at least 15 percent behind the pace established over the preceding 9 years. Although there is some confidence that the pace will be accelerated, the evidence to date is lacking. The pace of the campaign will continue to be closely monitored. LIVESTOCK, POULTRY, AND DAIRY : Red meat and poultry production for 2022 is lowered from last month as higher broiler and turkey production in the fourth quarter is more than offset by lower beef and pork. Changes reflect November production data and preliminary estimates of slaughter numbers and weights for December. Egg production is lowered slightly based on production and flock data. For 2023, the beef forecast is raised with higher expected slaughter of steers and heifers, as well as cows and bulls. This increase is slightly offset by lower carcass weights. USDA’s Cattle report, which will be released January 31, will provide an indication of the number of cattle available for pl acement during 2023 as well as producer intentions for retaining heifers for addition to the breeding herd. Pork production is raised reflecting pig crop data for the second half of 2022 and producer intentions for sow farrowing in the first half of 2023. Broiler production is reduced for the first quarter based on recent hatchery data. Turkey production is raised for the first quarter based on hatchery data. Egg production is reduced on a slower expected pace of recovery. Beef export estimates for 2022 are lowered and imports are unchanged on recent trade data. For 2023, beef imports are raised, largely on higher expected imports from Brazil, but the export forecast is unchanged. Pork imports for 2022 are lowered, but exports are unchanged. For 2023, pork imports are lowered, but exports are raised. Broiler exports in 2022 are raised on recent trade data, while 2023 exports are lowered. Turkey exports are lowered for both 2022 and 2023. Price estimates for 2022 are adjusted to reflect December data. For 2023, cattle prices are raised on expected strength in demand for fed cattle. Hog prices are raised in the middle quarters of 2023 reflecting demand strength. Broiler prices are projected lower as weaker prices in late 2022 are expected to carry over into 2023. Turkey and egg prices for 2023 are raised on recent prices and expectations of continued firm demand and tight supplies. Milk production for 2022 is lowered from last month with lower expected milk per cow. The 2023 production forecast is lowered w ith a smaller expected average cow inventory for the year; output per cow is unchanged from last month. USDA’s Cattle report , which will be released January 31, will provide an indication of producer intentions for retaining dairy heifers for addition to the breeding herd. Driven by recent trade data, fat basis imports for 2022 are unchanged with offsetting changes for a number of products, but skim -solids basis imports are raised on expected WASDE- 632-5 demand for milk proteins. Strength in milk protein demand is expected to carry into 2023 and the forecast for skim -solids imports is also raised. Fat basis imports for 2023 are unchanged. Exports on a fat basis for 2022 are raised, largely on butter and cheese with stronger expected butter exports supporti ng an increased forecast for 2023. Exports on a skim -solids basis are raised in 2022 on stronger cheese and lactose shipments. The 2023 forecast is raised on stronger skim milk powder exports. For 2022, product and Class price estimates are adjusted to reflect reported prices. For 2023, the price forecasts for all components are lower with expectations of weak domestic demand and price pressure in international markets. Forecasts for Class III and Class IV prices are lowered. The 2022 all milk price forecast is lowered to $25.55 per cwt and the 2023 all milk price is lowered to $21.60 per cwt. COTTON : This month’s U.S. 2022/23 cotton forecasts include higher production and ending stocks, no change in U.S. mill use, and lower exports. Production is 438,000 bales higher, at 14.7 million, with yield at a record 947 pounds per acre, up 9 percent from the December estimate. Exports are forecast 250,000 bales lower, at 12.0 million, with both projected world trade and the U.S. share slightly lower this month. Ending stocks are up 700,000 bales to 4.2 million, equal to 30 percent of projected use. The upland season- average price received by U.S. farmers is projected 2 cents lower this month at 83 cents per pound. World 2022/23 ending stocks are forecas t 370,000 bales higher this month as lower production is more than offset by a reduction in consumption. World production is forecast 330,000 bales lower than it was in December as lower production in India more than offsets gains in the United States and Brazil. Projected world consumption is 850,000 bales lower this month, at 110.9 million bales , a 5.7 -percent decline from the previous year. Compared with the December outlook, India’s 2022/23 consumption is forecast 500,000 bales lower, with smaller declines for Indonesia and Vietnam. Projected world trade is down 600,000 bales , to 41.7 million , as projected exports from the United States, India, and Argentina decline. Imports by Chi na, Indonesia, and Vietnam are also projected lower. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: JEWEL BRONAUGH SECRETARY OF AGRICULTURE DESIGNATE WASDE- 632-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, F AS; Jacob Vuillemin, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Ab adam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Feb 8, Mar 8, Apr 11, May 12, Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 632-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 January 2023 WASDE - 632 - 8 World and U.S . Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 2725.06 3542.93 488.08 2742.07 800.86 2021/22 (Est.) 2794.97 3595.83 510.88 2802.81 793.02 filler filler filler filler filler 2022/23 (Proj.) Dec 2737.48 3530.18 488.09 2769.94 760.24 2022/23 (Proj.) Jan 2730.64 3523.66 484.77 2762.97 760.69 filler filler filler filler filler Wheat 2020/21 774.55 1072.65 203.33 782.66 289.99 2021/22 (Est.) 779.31 1069.30 202.55 792.49 276.82 filler filler filler filler filler 2022/23 (Proj.) Dec 780.59 1056.86 210.85 789.53 267.33 2022/23 (Proj.) Jan 781.31 1058.13 211.62 789.74 268.39 filler filler filler filler filler Coarse Grains 5/ 2020/21 1441.19 1778.47 233.60 1455.84 322.63 2021/22 (Est.) 1500.70 1823.32 251.48 1490.23 333.09 filler filler filler filler filler 2022/23 (Proj.) Dec 1453.62 1787.77 223.54 1463.50 324.27 2022/23 (Proj.) Jan 1446.36 1779.45 218.81 1457.13 322.32 filler filler filler filler filler Rice, milled 2020/21 509.33 691.81 51.15 503.57 188.25 2021/22 (Est.) 514.95 703.20 56.84 520.09 183.11 filler filler filler filler filler 2022/23 (Proj.) Dec 503.27 685.56 53.70 516.91 168.64 2022/23 (Proj.) Jan 502.97 686.08 54.34 516.10 169.98 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.38 94.85 360.68 57.85 filler filler filler filler filler 2022/23 (Proj.) Dec 414.89 480.25 80.09 348.98 51.17 2022/23 (Proj.) Jan 408.46 474.49 74.77 349.26 50.46 filler filler filler filler filler Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 29.61 19.01 filler filler filler filler filler 2022/23 (Proj.) Dec 44.90 66.38 21.09 29.75 15.54 2022/23 (Proj.) Jan 44.90 67.18 21.09 30.65 15.44 filler filler filler filler filler Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.28 37.58 filler filler filler filler filler 2022/23 (Proj.) Dec 364.77 405.96 56.81 314.73 34.42 2022/23 (Proj.) Jan 358.47 399.53 51.58 313.95 34.00 filler filler filler filler filler Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.08 8.67 2.61 4.80 1.26 filler filler filler filler filler 2022/23 (Proj.) Dec 5.22 7.91 2.19 4.51 1.21 2022/23 (Proj.) Jan 5.09 7.78 2.10 4.67 1.02 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2023 WASDE - 632 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2020/21 2,295.20 3,026.07 380.85 2,390.84 742.46 2021/22 (Est.) 2,346.37 3,082.45 416.03 2,442.12 735.17 filler filler filler filler filler 2022/23 (Proj.) Dec 2,322.59 3,049.93 407.99 2,420.96 709.06 2022/23 (Proj.) Jan 2,322.18 3,049.17 410.00 2,413.71 710.23 filler filler filler filler filler Wheat 2020/21 724.80 992.19 176.28 752.25 266.99 2021/22 (Est.) 734.51 998.91 180.77 762.88 257.81 filler filler filler filler filler 2022/23 (Proj.) Dec 735.69 990.48 189.76 759.78 251.79 2022/23 (Proj.) Jan 736.41 990.95 190.53 759.09 252.95 filler filler filler filler filler Coarse Grains 5/ 2020/21 1,068.30 1,351.28 156.39 1,139.88 288.61 2021/22 (Est.) 1,102.99 1,389.01 181.03 1,163.95 295.51 filler filler filler filler filler 2022/23 (Proj.) Dec 1,088.85 1,381.81 166.73 1,148.77 289.85 2022/23 (Proj.) Jan 1,087.89 1,379.92 167.23 1,143.18 288.32 filler filler filler filler filler Rice, milled 2020/21 502.10 682.60 48.18 498.71 186.86 2021/22 (Est.) 508.87 694.53 54.24 515.29 181.85 filler filler filler filler filler 2022/23 (Proj.) Dec 498.05 677.65 51.51 512.40 167.43 2022/23 (Proj.) Jan 497.88 678.30 52.24 511.43 168.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2020/21 111.49 209.90 48.73 123.19 86.73 2021/22 (Est.) 115.72 202.45 42.86 117.50 85.34 filler filler filler filler filler 2022/23 (Proj.) Dec 115.73 201.17 42.25 111.70 89.56 2022/23 (Proj.) Jan 115.40 200.74 41.66 110.85 89.93 filler filler filler filler filler United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 filler filler filler filler filler 2022/23 (Proj.) Dec 14.24 18.00 12.25 2.20 3.50 2022/23 (Proj.) Jan 14.68 18.44 12.00 2.20 4.20 filler filler filler filler filler Foreign 4/ 2020/21 96.88 188.04 32.37 120.79 83.58 2021/22 (Est.) 98.19 181.77 28.24 114.95 81.59 filler filler filler filler filler 2022/23 (Proj.) Dec 101.49 183.18 30.00 109.50 86.06 2022/23 (Proj.) Jan 100.72 182.30 29.66 108.65 85.73 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. January 2023 WASDE - 632 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 607.52 719.45 192.03 508.17 115.59 2021/22 (Est.) 606.92 722.51 178.13 510.97 117.11 filler filler filler filler filler 2022/23 (Proj.) Dec 644.40 758.76 198.27 533.44 121.42 2022/23 (Proj.) Jan 641.94 759.04 196.97 532.52 122.18 filler filler filler filler filler Oilmeals 2020/21 348.42 368.70 97.00 345.09 18.03 2021/22 (Est.) 349.76 367.79 95.65 346.14 17.68 filler filler filler filler filler 2022/23 (Proj.) Dec 365.42 383.10 97.58 358.54 19.00 2022/23 (Proj.) Jan 364.39 382.07 97.66 358.75 18.25 filler filler filler filler filler Vegetable Oils 2020/21 206.47 236.40 85.40 204.51 28.34 2021/22 (Est.) 208.81 237.16 78.99 204.15 29.40 filler filler filler filler filler 2022/23 (Proj.) Dec 217.55 246.98 87.46 212.80 29.85 2022/23 (Proj.) Jan 217.62 247.01 87.32 213.07 29.60 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.88 9.14 filler filler filler filler filler 2022/23 (Proj.) Dec 127.92 138.40 56.64 65.63 7.70 2022/23 (Proj.) Jan 125.96 136.39 55.08 65.50 7.46 filler filler filler filler filler Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.26 53.21 12.44 40.42 0.35 filler filler filler filler filler 2022/23 (Proj.) Dec 50.51 54.83 12.66 41.77 0.40 2022/23 (Proj.) Jan 50.46 54.79 12.66 41.72 0.40 filler filler filler filler filler Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 filler filler filler filler filler 2022/23 (Proj.) Dec 13.43 20.07 0.74 18.10 1.24 2022/23 (Proj.) Jan 13.39 20.08 0.58 18.25 1.25 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2020/21 483.00 577.76 129.25 445.52 106.95 2021/22 (Est.) 475.57 581.35 118.42 447.08 107.97 filler filler filler filler filler 2022/23 (Proj.) Dec 516.47 620.36 141.63 467.81 113.72 2022/23 (Proj.) Jan 515.97 622.65 141.90 467.02 114.72 filler filler filler filler filler Oilmeals 2020/21 300.18 315.69 84.37 305.09 17.64 2021/22 (Est.) 300.50 314.58 83.21 305.73 17.32 filler filler filler filler filler 2022/23 (Proj.) Dec 314.91 328.27 84.92 316.77 18.59 2022/23 (Proj.) Jan 313.94 327.28 85.00 317.03 17.85 filler filler filler filler filler Vegetable Oils 2020/21 193.77 217.54 84.36 188.00 27.04 2021/22 (Est.) 195.75 217.55 77.94 186.86 28.13 filler filler filler filler filler 2022/23 (Proj.) Dec 204.12 226.91 86.73 194.70 28.61 2022/23 (Proj.) Jan 204.23 226.93 86.74 194.82 28.36 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2023 WASDE - 632 - 11 U.S. Wheat Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1,028 845 669 698 Production 1,828 1,646 1,650 1,650 Imports 100 95 120 120 Supply, Total 2,956 2,587 2,439 2,468 Food 961 972 977 977 Seed 64 58 66 69 Feed and Residual 93 59 50 80 Domestic, Total 1,117 1,088 1,093 1,126 Exports 994 800 775 775 Use, Total 2,111 1,888 1,868 1,901 Ending Stocks 845 698 571 567 Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.10 9.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1,646 Supply, Total 3/ 1,182 575 449 276 105 2,587 Domestic Use 489 220 238 75 67 1,088 Exports 317 209 112 148 14 800 Use, Total 806 429 350 222 81 1,888 Ending Stocks, Total 376 146 99 54 24 698 2022/23 (Proj.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Supply, Total 3/ 912 647 441 331 138 2,468 Domestic Use 418 297 226 96 90 1,126 Exports 220 230 125 180 20 775 Use, Total 638 527 351 276 110 1,901 Ending Stocks, Total Jan 274 120 90 56 28 567 Ending Stocks, Total Dec 259 119 97 64 33 571 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. January 2023 WASDE - 632 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Million Acres Area Planted 102.3 105.8 100.5 100.4 Area Harvested 90.6 94.4 89.6 87.1 Metric Tons Yield per Harvested Acre 4.11 4.21 4.07 4.11 Million Metric Tons Beginning Stocks 51.8 34.0 37.7 37.6 Production 372.6 397.5 364.5 358.2 Imports 2.2 2.3 3.1 3.1 Supply, Total 426.6 433.8 405.3 398.9 Feed and Residual 146.7 148.6 138.2 137.7 Food, Seed & Industrial 168.8 177.1 175.8 175.6 Domestic, Total 315.4 325.8 314.1 313.3 Exports 77.2 70.5 56.8 51.6 Use, Total 392.6 396.2 370.9 364.9 Ending Stocks 34.0 37.6 34.4 34.0 CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Million Acres Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 80.8 79.2 Bushels Yield per Harvested Acre 171.4 176.7 172.3 173.3 Million Bushels Beginning Stocks 1,919 1,235 1,377 1,377 Production 14,111 15,074 13,930 13,730 Imports 24 24 50 50 Supply, Total 16,055 16,333 15,357 15,157 Feed and Residual 5,607 5,718 5,300 5,275 Food, Seed & Industrial 2/ 6,467 6,766 6,725 6,715 Ethanol & by -products 3/ 5,028 5,326 5,275 5,275 Domestic, Total 12,074 12,484 12,025 11,990 Exports 2,747 2,471 2,075 1,925 Use, Total 14,821 14,956 14,100 13,915 Ending Stocks 1,235 1,377 1,257 1,242 Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.70 6.70 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. January 2023 WASDE - 632 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.9 7.3 6.4 6.3 Area Harvested (mil. acres) 5.1 6.5 5.5 4.6 Yield (bushels/acre) 73.2 69.0 43.0 41.1 Beginning Stocks 30 20 53 47 Production 373 448 236 188 Imports 0 0 0 0 Supply, Total 403 468 289 235 Feed and Residual 97 81 70 70 Food, Seed & Industrial 7 45 40 40 Total Domestic 104 127 110 110 Exports 279 294 155 100 Use, Total 383 421 265 210 Ending Stocks 20 47 24 25 Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.70 6.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.7 2.9 2.9 Area Harvested (mil. acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 15 15 Supply, Total 258 206 231 231 Feed and Residual 26 20 30 35 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 160 165 Exports 14 7 6 5 Use, Total 186 164 166 170 Ending Stocks 71 42 65 61 Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.0 2.6 2.6 2.6 Area Harvested (mil. acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 31 33 Production 66 40 58 58 Imports 85 81 90 90 Supply, Total 188 159 178 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 124 146 146 Exports 3 3 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 30 32 Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.20 5.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. January 2023 WASDE - 632 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Million Acres Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.18 2.17 Fil ler Pounds Yield per Harvested Acre 7,619 7,709 7,549 7,383 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.6 164.3 160.4 Imports 34.1 37.8 45.0 45.0 Supply, Total 290.2 273.0 249.1 245.1 Domestic & Residual 3/ 153.1 151.1 142.0 147.0 Exports, Total 4/ 93.5 82.2 69.0 66.0 Rough 34.6 28.3 23.0 20.0 Milled (rough equiv.) 58.9 53.9 46.0 46.0 Use, Total 246.6 233.3 211.0 213.0 Ending Stocks 43.7 39.7 38.1 32.1 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.00 19.20 Total LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Harvested Acres (mil.) 2.30 1.94 1.77 Yield (pounds/acre) 7,422 7,471 7,224 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 35.0 35.0 Production 170.8 144.6 131.7 128.2 Supply, Total 7/ 215.1 205.0 191.3 187.8 Domestic & Residual 3/ 120.3 119.7 113.0 117.0 Exports 8/ 65.0 60.6 51.0 49.0 Use, Total 185.3 180.3 164.0 166.0 Ending Stocks 29.7 24.6 27.3 21.8 Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.50 16.70 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Harvested Acres (mil.) 0.69 0.55 0.40 Yield (pounds/acre) 8,282 8,549 8,094 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 10.0 10.0 Production 56.7 47.0 32.7 32.2 Supply, Total 7/ 72.7 66.0 55.7 55.3 Domestic & Residual 3/ 32.8 31.4 29.0 30.0 Exports 8/ 28.5 21.5 18.0 17.0 Use, Total 61.2 53.0 47.0 47.0 Ending Stocks 11.5 13.0 8.7 8.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 24.80 29.10 29.20 California 10/ 22.60 28.50 36.00 36.00 Other States 1/ 13.00 13.90 17.40 17.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. January 2023 WASDE - 632 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.6 86.3 Fil ler Bushels Yield per Harvested Acre 51.0 51.7 50.2 49.5 Million Bushels Beginning Stocks 525 257 274 274 Production 4,216 4,465 4,346 4,276 Imports 20 16 15 15 Supply, Total 4,761 4,738 4,634 4,566 Crushings 2,141 2,204 2,245 2,245 Exports 2,266 2,158 2,045 1,990 Seed 101 102 102 102 Residual -4 1 22 18 Use, Total 4,504 4,464 4,414 4,355 Ending Stocks 257 274 220 210 Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.00 14.20 Total SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,853 2,131 1,991 1,991 Production 4/ 25,023 26,143 26,310 26,310 Imports 302 303 300 300 Supply, Total 27,177 28,578 28,601 28,601 Domestic Disappearance 23,314 24,813 25,600 25,900 Biofuel 3/ 8,920 10,348 11,600 11,600 Food, Feed & other Industrial 14,394 14,465 14,000 14,300 Exports 1,731 1,773 1,100 800 Use, Total 25,046 26,587 26,700 26,700 Ending stocks 2,131 1,991 1,901 1,901 Avg. Price (c/lb) 2/ 56.87 72.98 68.00 68.00 Total SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj. December January Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 341 311 311 Production 4/ 50,565 51,811 52,839 52,839 Imports 784 649 600 600 Supply, Total 51,691 52,800 53,750 53,750 Domestic Disappearance 37,674 38,966 39,700 39,700 Exports 13,675 13,524 13,700 13,700 Use, Total 51,350 52,490 53,400 53,400 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 410.00 425.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,207 million bushels for 2021/22 and 2,245 million bushels for 2022/23. January 2023 WASDE - 632 - 16 U.S. Sugar Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,618 1,705 1,814 1,819 Production 2/ 9,233 9,156 9,039 9,248 Beet Sugar 5,092 5,155 4,927 5,048 Cane Sugar 4,141 4,000 4,111 4,199 Florida 2,090 1,933 1,989 1,989 Louisiana 1,918 1,944 2,025 2,113 Texas 134 124 97 97 Imports 3,221 3,646 3,494 3,458 TRQ 3/ 1,749 1,579 1,691 1,606 Other Program 4/ 292 298 250 250 Non-program 1,180 1,769 1,552 1,602 Mexico 968 1,379 1,477 1,477 High -tier tariff/other 212 390 75 125 Total Supply 14,072 14,506 14,347 14,525 Exports 49 29 35 35 Deliveries 12,277 12,578 12,605 12,605 Food 12,161 12,470 12,500 12,500 Other 5/ 116 107 105 105 Miscellaneous 40 81 0 0 Total Use 12,367 12,688 12,640 12,640 Ending Stocks 1,705 1,819 1,707 1,885 Stocks to Use Ratio 13.8 14.3 13.5 14.9 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2021/22 and 2022/23 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2021/22, WTO raw sugar TRQ shortfall (163) and for 2022/23 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2020/21 -- 298; estimated 2021/22 -- 314; projected 2022/23 -- 315 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2021/22 Est. Dec 1,053 6,185 31 4,629 1,676 964 2021/22 Est. Jan 1,053 6,185 31 4,629 1,676 964 2022/23 Proj. Dec 964 5,900 35 4,662 1,266 971 2022/23 Proj. Jan 964 5,900 35 4,661 1,267 971 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2020/21 = 1,320; Estimated 2020/21 = 1,291; Projected 2022/23 = 1,291; Estimated Oct. - Nov. 2022 = 236; Estimated Oct. - Nov. 2021 = 201. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2021/22 (532 est =508 dom.+24 import); 2022/23 (493 proj = 468 do m.+25 import). Statistical Adjustments: 2021/22 ( -16), 2022/23 (0). January 2023 WASDE - 632 - 17 U.S. Cotton Supply and Use 1/ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Dec Jan Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 12.09 11.22 13.79 13.76 Harvested 8.22 10.27 7.88 7.44 Fil ler Pounds Yield per Harvested Acre 853 819 868 947 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.24 14.68 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.00 18.44 Domestic Use 2.40 2.55 2.20 2.20 Exports, Total 16.35 14.62 12.25 12.00 Use, Total 18.75 17.17 14.45 14.20 Unaccounted 2/ -0.04 -0.24 0.05 0.04 Ending Stocks 3.15 3.75 3.50 4.20 Avg. Farm Price 3/ 66.3 91.4 85.0 83.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. January 2023 WASDE - 632 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 298.10 774.55 194.68 157.89 782.66 203.33 289.99 World Less China 148.09 640.30 184.07 117.89 632.66 202.56 145.87 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.12 724.80 191.96 155.36 752.25 176.28 266.99 Major Exporters 4/ 32.48 322.46 6.67 72.80 179.33 147.42 34.86 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.68 31.92 0.20 4.50 8.03 23.77 3.00 Canada 5.50 35.44 0.55 4.15 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.54 200.43 124.37 57.58 323.60 12.62 182.11 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.69 20.65 17.70 3.54 39.03 0.62 10.38 Southeast Asia 9/ 5.91 0.00 25.18 7.29 25.00 1.14 4.95 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 289.99 779.31 198.47 160.15 792.49 202.55 276.82 World Less China 145.87 642.37 188.91 125.15 644.49 201.68 135.06 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 266.99 734.51 195.88 158.56 762.88 180.77 257.81 Major Exporters 4/ 34.86 327.17 5.82 78.54 185.67 142.40 39.79 Argentina 2.32 22.15 0.00 0.05 6.15 15.98 2.35 Australia 3.00 36.35 0.21 5.00 8.53 27.53 3.50 Canada 5.95 22.30 0.55 4.99 9.99 15.13 3.67 European Union 5/ 10.70 138.22 4.61 45.00 108.25 31.92 13.36 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.14 4.00 10.00 18.84 5.81 Major Importers 6/ 182.11 203.23 130.46 53.73 323.62 15.31 176.87 Bangladesh 2.14 1.13 6.34 0.60 8.30 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 144.12 136.95 9.57 35.00 148.00 0.88 141.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.38 16.50 22.90 3.88 39.08 0.75 9.96 Southeast Asia 9/ 4.95 0.00 27.01 7.50 25.33 1.23 5.41 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.63 7.40 15.40 0.83 1.81 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2023 WASDE - 632 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 276.27 780.59 204.30 154.91 789.53 210.85 267.33 Jan 276.82 781.31 205.05 155.30 789.74 211.62 268.39 World Less China Dec 134.51 642.59 194.80 124.91 645.53 209.95 122.97 Jan 135.06 643.59 195.55 125.30 645.74 210.72 124.31 United States Dec 18.21 44.90 3.27 1.36 29.75 21.09 15.54 Jan 19.01 44.90 3.27 2.18 30.65 21.09 15.44 Total Foreign Dec 258.06 735.69 201.03 153.55 759.78 189.76 251.79 Jan 257.81 736.41 201.78 153.13 759.09 190.53 252.95 Major Exporters 4/ Dec 39.51 328.72 8.21 78.55 186.20 152.50 37.74 Jan 39.79 329.62 9.21 78.05 185.70 153.50 39.41 Argentina Dec 2.08 12.50 0.01 0.05 6.15 7.50 0.93 Jan 2.35 12.50 0.01 0.05 6.15 7.50 1.21 Australia Dec 3.50 36.60 0.20 5.00 8.55 27.50 4.25 Jan 3.50 36.60 0.20 5.00 8.55 27.50 4.25 Canada Dec 3.67 33.82 0.60 3.50 8.55 26.00 3.55 Jan 3.67 33.82 0.60 3.50 8.55 26.00 3.55 European Union 5/ Dec 13.36 134.30 7.00 44.50 108.25 36.00 10.41 Jan 13.36 134.70 8.00 44.50 108.25 36.50 11.31 Russia Dec 11.09 91.00 0.30 21.00 45.00 43.00 14.39 Jan 11.09 91.00 0.30 21.00 45.00 43.00 14.39 Ukraine Dec 5.81 20.50 0.10 4.50 9.70 12.50 4.21 Jan 5.81 21.00 0.10 4.00 9.20 13.00 4.71 Major Importers 6/ Dec 177.52 205.82 133.22 48.70 320.47 15.77 180.32 Jan 176.87 205.54 132.52 48.70 320.17 15.77 179.00 Bangladesh Dec 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Jan 1.31 1.10 6.00 0.20 7.40 0.00 1.01 Brazil Dec 1.18 9.50 5.60 0.40 11.70 3.50 1.08 Jan 1.18 9.50 5.60 0.40 11.70 3.50 1.08 China Dec 141.76 138.00 9.50 30.00 144.00 0.90 144.36 Jan 141.76 137.72 9.50 30.00 144.00 0.90 144.08 Japan Dec 1.18 1.05 5.75 0.75 6.30 0.30 1.38 Jan 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Dec 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Jan 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Nigeria Dec 0.62 0.11 6.10 0.00 5.70 0.60 0.53 Jan 0.62 0.11 6.10 0.00 5.70 0.60 0.53 Sel. Mideast 8/ Dec 10.61 17.61 23.22 3.38 39.18 0.77 11.49 Jan 9.96 17.61 22.72 3.38 39.08 0.77 10.44 Southeast Asia 9/ Dec 5.41 0.00 27.15 8.20 26.25 1.15 5.17 Jan 5.41 0.00 26.95 8.20 26.05 1.15 5.17 Selected Other India Dec 19.50 103.00 0.03 6.00 104.00 6.25 12.28 Jan 19.50 103.00 0.10 6.00 104.08 5.90 12.63 Kazakhstan Dec 1.49 14.00 1.00 1.40 6.25 9.00 1.24 Jan 1.49 14.00 1.50 1.50 6.35 9.00 1.64 United Kingdom Dec 1.81 15.40 1.80 7.80 15.80 1.30 1.91 Jan 1.81 15.50 1.80 7.80 15.80 1.30 2.01 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2023 WASDE - 632 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.28 1,441.19 233.87 904.01 1,455.84 233.60 322.63 World Less China 136.33 1,172.10 183.34 683.06 1,142.74 233.59 115.17 United States 51.83 372.89 2.48 146.84 315.97 77.21 34.01 Total Foreign 285.45 1,068.30 231.39 757.17 1,139.88 156.39 288.61 Major Exporters 4/ 24.24 297.33 5.46 134.75 181.01 126.63 19.39 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.69 24.65 7.26 3.61 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.58 137.73 294.53 377.02 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.63 1,500.70 229.80 913.32 1,490.23 251.48 333.09 World Less China 115.17 1,219.85 188.30 685.50 1,170.21 251.47 123.32 United States 34.01 397.71 2.59 148.76 326.28 70.46 37.58 Total Foreign 288.61 1,102.99 227.20 764.56 1,163.95 181.03 295.51 Major Exporters 4/ 19.39 331.62 9.48 141.96 188.18 148.02 24.29 Argentina 2.06 59.16 0.01 12.02 17.64 41.20 2.38 Australia 2.98 18.76 0.00 5.44 7.31 10.95 3.47 Brazil 4.60 120.62 2.95 65.09 77.18 46.52 4.48 Canada 3.61 24.43 6.40 16.90 25.12 5.63 3.68 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 12.95 16.08 32.93 6.17 Major Importers 5/ 36.30 248.19 138.85 288.56 371.70 15.30 36.34 European Union 6/ 14.62 154.41 21.35 120.47 159.89 13.72 16.77 Japan 1.66 0.24 16.50 13.09 16.83 0.00 1.57 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.37 40.57 61.03 69.77 0.69 6.50 Saudi Arabia 1.33 0.20 8.28 8.05 8.41 0.00 1.40 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.64 3.41 South Korea 2.04 0.20 11.61 9.24 11.77 0.00 2.08 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. January 2023 WASDE - 632 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 334.14 1,453.62 217.01 899.86 1,463.50 223.54 324.27 Jan 333.09 1,446.36 215.02 896.56 1,457.13 218.81 322.32 World Less China Dec 124.37 1,171.32 182.56 671.21 1,143.65 223.49 117.65 Jan 123.32 1,160.86 182.07 667.41 1,136.78 218.76 114.50 United States Dec 37.71 364.77 3.48 138.51 314.73 56.81 34.42 Jan 37.58 358.47 3.48 137.99 313.95 51.58 34.00 Total Foreign Dec 296.43 1,088.85 213.53 761.34 1,148.77 166.73 289.85 Jan 295.51 1,087.89 211.54 758.57 1,143.18 167.23 288.32 Major Exporters 4/ Dec 25.09 335.75 3.00 144.50 191.22 142.67 29.95 Jan 24.29 331.45 3.00 141.90 188.62 142.67 27.46 Argentina Dec 2.38 63.81 0.01 11.96 17.67 46.20 2.33 Jan 2.38 60.81 0.01 11.96 17.67 43.20 2.33 Australia Dec 3.26 18.17 0.00 6.02 7.90 10.48 3.06 Jan 3.47 18.17 0.00 6.02 7.90 10.48 3.27 Brazil Dec 5.48 130.54 1.80 69.50 81.99 47.03 8.80 Jan 4.48 129.54 1.80 68.50 80.99 47.03 7.80 Canada Dec 3.68 30.54 1.04 17.22 24.91 6.68 3.67 Jan 3.68 30.54 1.04 17.22 24.91 6.68 3.67 Russia Dec 1.85 41.00 0.10 22.80 32.10 8.95 1.91 Jan 1.85 41.00 0.10 22.80 32.10 8.95 1.91 Ukraine Dec 6.17 34.46 0.00 9.62 12.75 19.93 7.96 Jan 6.17 34.16 0.00 8.02 11.15 22.93 6.26 Major Importers 5/ Dec 36.30 231.29 138.49 281.17 363.17 10.39 32.52 Jan 36.34 231.22 138.28 281.16 363.16 10.29 32.39 European Union 6/ Dec 16.77 135.68 23.10 114.51 152.98 8.77 13.79 Jan 16.77 135.61 23.60 115.31 153.78 8.47 13.73 Japan Dec 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Jan 1.57 0.25 16.47 12.85 16.75 0.00 1.54 Mexico Dec 3.93 33.50 18.07 31.34 51.06 0.60 3.84 Jan 3.93 33.50 18.07 31.34 51.06 0.60 3.84 N. Afr & Mideast 7/ Dec 6.46 31.13 37.71 60.20 68.52 0.44 6.34 Jan 6.50 31.13 37.75 60.14 68.46 0.64 6.28 Saudi Arabia Dec 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Jan 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Southeast Asia 8/ Dec 3.41 30.31 18.76 40.25 48.75 0.58 3.14 Jan 3.41 30.31 18.01 39.50 48.00 0.58 3.14 South Korea Dec 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Jan 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Selected Other China Dec 209.77 282.30 34.45 228.65 319.85 0.05 206.62 Jan 209.77 285.50 32.95 229.15 320.35 0.05 207.82 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. January 2023 WASDE - 632 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 307.41 1,129.20 184.94 723.98 1,144.08 182.70 292.54 World Less China 106.88 868.53 155.42 520.98 859.08 182.70 86.83 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.65 770.76 184.32 581.56 837.39 112.93 261.18 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 292.54 1,214.88 184.08 749.02 1,201.46 204.03 305.95 World Less China 86.83 942.32 162.20 540.02 910.46 204.03 96.82 United States 31.36 382.89 0.62 145.25 317.12 62.78 34.98 Total Foreign 261.18 831.98 183.47 603.77 884.34 141.26 270.98 Major Exporters 4/ 9.04 238.95 2.37 97.70 120.80 116.18 13.38 Argentina 1.18 49.50 0.01 9.80 13.70 35.50 1.49 Brazil 4.15 116.00 2.30 61.00 72.00 46.50 3.95 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.10 0.00 7.20 13.10 3.20 1.92 Ukraine 0.83 42.13 0.02 9.70 10.90 26.98 5.09 Major Importers 5/ 21.78 136.21 94.33 168.10 223.25 6.89 22.18 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.88 70.98 19.78 62.30 82.70 6.00 9.94 Japan 1.42 0.01 15.00 11.70 15.05 0.00 1.38 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.16 40.10 48.25 0.64 3.40 South Korea 2.02 0.10 11.50 9.20 11.55 0.00 2.06 Selected Other Canada 2.17 13.98 6.14 11.54 17.36 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2023 WASDE - 632 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Dec 307.09 1,161.86 176.42 735.25 1,170.55 181.63 298.40 Jan 305.95 1,155.93 175.45 732.95 1,165.47 178.17 296.42 World Less China Dec 97.96 887.86 158.42 521.25 875.55 181.61 92.29 Jan 96.82 878.73 157.45 516.95 868.47 178.15 89.10 United States Dec 34.98 353.84 1.27 134.63 305.45 52.71 31.93 Jan 34.98 348.75 1.27 133.99 304.56 48.90 31.54 Total Foreign Dec 272.12 808.03 175.15 600.63 865.10 128.93 266.48 Jan 270.98 807.18 174.18 598.96 860.91 129.28 264.88 Major Exporters 4/ Dec 14.38 238.70 1.36 99.10 122.90 112.20 19.34 Jan 13.38 234.70 1.36 96.60 120.40 112.20 16.84 Argentina Dec 1.49 55.00 0.01 10.00 14.00 41.00 1.49 Jan 1.49 52.00 0.01 10.00 14.00 38.00 1.49 Brazil Dec 4.95 126.00 1.30 65.50 77.00 47.00 8.25 Jan 3.95 125.00 1.30 64.50 76.00 47.00 7.25 Russia Dec 0.93 14.00 0.05 9.80 10.90 3.30 0.78 Jan 0.93 14.00 0.05 9.80 10.90 3.30 0.78 South Africa Dec 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Jan 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Ukraine Dec 5.09 27.00 0.00 6.50 7.70 17.50 6.89 Jan 5.09 27.00 0.00 5.00 6.20 20.50 5.39 Major Importers 5/ Dec 22.14 119.67 95.40 159.80 214.40 3.39 19.43 Jan 22.18 119.67 94.80 159.20 213.80 3.39 19.47 Egypt Dec 1.52 7.44 9.20 13.90 16.40 0.01 1.75 Jan 1.56 7.44 9.20 13.90 16.40 0.01 1.79 European Union 6/ Dec 9.94 54.20 21.50 56.50 76.10 2.20 7.34 Jan 9.94 54.20 21.50 56.50 76.10 2.20 7.34 Japan Dec 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Jan 1.38 0.01 15.00 11.50 15.00 0.00 1.39 Mexico Dec 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Jan 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Southeast Asia 7/ Dec 3.40 30.26 17.00 38.70 46.95 0.58 3.13 Jan 3.40 30.26 16.40 38.10 46.35 0.58 3.13 South Korea Dec 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Jan 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Selected Other Canada Dec 2.75 14.54 1.00 9.30 14.50 1.60 2.19 Jan 2.75 14.54 1.00 9.30 14.50 1.60 2.19 China Dec 209.14 274.00 18.00 214.00 295.00 0.02 206.12 Jan 209.14 277.20 18.00 216.00 297.00 0.02 207.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2023 WASDE - 632 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.49 509.33 46.43 503.57 51.15 188.25 World Less China 65.99 361.03 42.22 353.27 48.93 71.75 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.58 502.10 45.35 498.71 48.18 186.86 Major Exporters 4/ 40.93 191.63 2.01 149.30 38.55 46.72 Burma 1.01 12.60 0.00 10.50 1.90 1.21 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 0.94 8.42 0.01 3.60 3.88 1.89 Thailand 3.90 18.86 0.20 12.70 6.28 3.98 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.08 255.09 2.71 128.23 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.28 5.85 0.00 0.95 Selected Other Brazil 0.84 8.00 0.63 7.35 0.95 1.17 C. Amer & Carib 8/ 0.69 1.59 1.62 3.28 0.04 0.57 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 188.25 514.95 54.66 520.09 56.84 183.11 World Less China 71.75 365.96 48.72 363.73 54.77 70.11 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 186.86 508.87 53.47 515.29 54.24 181.85 Major Exporters 4/ 46.72 198.79 1.63 159.72 44.23 43.20 Burma 1.21 12.35 0.00 10.40 2.30 0.87 India 37.00 130.29 0.00 111.27 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.80 2.67 Thailand 3.98 19.88 0.13 12.80 7.90 3.28 Vietnam 2.64 26.94 1.50 21.50 7.20 2.38 Major Importers 5/ 128.23 241.99 22.43 263.06 2.53 127.06 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.72 2.43 3.50 0.41 0.92 Indonesia 3.06 34.40 0.75 35.30 0.00 2.91 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 4.29 6.10 0.00 1.29 Selected Other Brazil 1.17 7.34 0.85 7.20 1.30 0.86 C. Amer & Carib 8/ 0.57 1.63 1.69 3.26 0.04 0.60 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.67 0.69 8.20 0.12 1.98 Mexico 0.20 0.18 0.75 0.97 0.01 0.16 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2023 WASDE - 632 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2022/23 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Dec 182.29 503.27 52.43 516.91 53.70 168.64 Jan 183.11 502.97 53.29 516.10 54.34 169.98 World Less China Dec 69.29 356.27 47.23 361.91 51.50 60.64 Jan 70.11 357.02 48.09 362.15 52.14 61.98 United States Dec 1.26 5.22 1.43 4.51 2.19 1.21 Jan 1.26 5.09 1.43 4.67 2.10 1.02 Total Foreign Dec 181.02 498.05 51.00 512.40 51.51 167.43 Jan 181.85 497.88 51.86 511.43 52.24 168.96 Major Exporters 4/ Dec 43.09 190.43 0.86 156.80 42.30 35.27 Jan 43.20 191.43 1.16 156.90 42.80 36.09 Burma Dec 0.87 12.50 0.00 10.30 2.40 0.67 Jan 0.87 12.50 0.00 10.30 2.40 0.67 India Dec 34.00 124.00 0.00 108.50 20.00 29.50 Jan 34.00 125.00 0.00 108.50 20.50 30.00 Pakistan Dec 2.55 6.60 0.01 3.70 4.00 1.46 Jan 2.67 6.60 0.01 3.80 4.00 1.48 Thailand Dec 3.58 20.10 0.15 12.80 8.50 2.53 Jan 3.28 20.10 0.15 12.80 8.50 2.23 Vietnam Dec 2.08 27.23 0.70 21.50 7.40 1.11 Jan 2.38 27.23 1.00 21.50 7.40 1.71 Major Importers 5/ Dec 126.90 239.33 20.60 262.75 2.64 121.44 Jan 127.06 238.28 20.95 261.92 2.64 121.72 China Dec 113.00 147.00 5.20 155.00 2.20 108.00 Jan 113.00 145.95 5.20 153.95 2.20 108.00 European Union 6/ Dec 0.92 1.29 2.65 3.55 0.40 0.91 Jan 0.92 1.29 2.65 3.55 0.40 0.91 Indonesia Dec 2.91 34.60 0.75 35.50 0.00 2.76 Jan 2.91 34.60 0.75 35.50 0.00 2.76 Nigeria Dec 2.00 5.04 2.20 7.45 0.00 1.79 Jan 2.05 5.04 2.20 7.45 0.00 1.84 Philippines Dec 4.50 12.41 3.40 15.60 0.00 4.71 Jan 4.50 12.41 3.60 15.75 0.00 4.76 Sel. Mideast 7/ Dec 1.19 2.24 4.10 6.25 0.00 1.28 Jan 1.29 2.24 4.15 6.33 0.00 1.36 Selected Other Brazil Dec 0.26 7.24 0.85 7.20 0.90 0.24 Jan 0.86 7.24 0.85 7.20 1.10 0.64 C. Amer & Carib 8/ Dec 0.62 1.55 1.74 3.28 0.03 0.60 Jan 0.60 1.55 1.74 3.28 0.03 0.58 Egypt Dec 0.65 3.60 0.55 4.10 0.01 0.69 Jan 0.61 3.60 0.55 4.10 0.01 0.66 Japan Dec 1.98 7.45 0.69 8.20 0.12 1.79 Jan 1.98 7.45 0.69 8.20 0.12 1.79 Mexico Dec 0.16 0.19 0.80 0.98 0.01 0.15 Jan 0.16 0.18 0.80 0.97 0.01 0.15 South Korea Dec 1.33 3.76 0.42 4.00 0.06 1.46 Jan 1.33 3.76 0.42 4.00 0.06 1.46 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2023 WASDE - 632 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2020/21 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 98.41 111.49 48.69 123.19 48.73 -0.06 86.73 World Less China 62.06 81.89 35.83 82.19 48.72 -0.06 48.94 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 91.16 96.88 48.69 120.79 32.37 -0.02 83.58 Major Exporters 4/ 40.39 53.81 1.61 34.93 27.87 -0.08 33.09 Central Asia 5/ 3.96 5.48 0.03 4.14 2.03 0.00 3.29 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.64 15.55 0.14 4.04 13.60 -0.09 15.78 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.69 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 86.73 115.72 42.89 117.50 42.86 -0.37 85.34 World Less China 48.94 88.92 35.05 82.50 42.74 -0.37 48.03 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.58 98.19 42.88 114.95 28.24 -0.12 81.59 Major Exporters 4/ 33.09 55.29 1.79 34.21 24.03 -0.18 32.11 Central Asia 5/ 3.29 4.95 0.06 4.16 1.48 0.00 2.66 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.78 19.55 0.16 4.33 12.43 -0.18 18.91 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.87 39.66 38.69 76.48 2.93 0.06 46.75 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 0.37 China 37.79 26.80 7.84 35.00 0.12 0.00 37.31 European Union 9/ 0.37 1.68 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. January 2023 WASDE - 632 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2022/23 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Dec 85.44 115.73 42.27 111.70 42.25 -0.07 89.56 Jan 85.34 115.40 41.63 110.85 41.66 -0.08 89.93 World Less China Dec 48.13 87.73 34.27 76.20 42.13 -0.07 51.87 Jan 48.03 87.40 33.88 75.35 41.53 -0.08 52.49 United States Dec 3.75 14.24 0.01 2.20 12.25 0.05 3.50 Jan 3.75 14.68 0.01 2.20 12.00 0.04 4.20 filler filler filler filler filler filler filler Total Foreign Dec 81.69 101.49 42.27 109.50 30.00 -0.12 86.06 Jan 81.59 100.72 41.62 108.65 29.66 -0.12 85.73 Major Exporters 4/ Dec 32.21 58.49 2.40 31.66 25.86 -0.17 35.75 Jan 32.11 57.74 2.45 31.16 25.54 -0.17 35.78 Central Asia 5/ Dec 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Jan 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Afr. Fr. Zone 6/ Dec 1.61 5.42 3/ 0.10 5.19 0.00 1.74 Jan 1.61 5.42 3/ 0.10 5.19 0.00 1.74 S. Hemis. 7/ Dec 19.01 20.03 0.15 4.18 15.36 -0.18 19.84 Jan 18.91 20.28 0.15 4.18 15.28 -0.18 20.06 Australia Dec 4.86 5.00 3/ 0.01 5.90 -0.19 4.14 Jan 4.86 5.00 3/ 0.01 5.90 -0.19 4.14 filler filler filler filler filler filler filler Brazil Dec 11.94 13.00 0.02 3.20 8.30 0.00 13.45 Jan 11.84 13.30 0.02 3.20 8.30 0.00 13.65 India Dec 8.60 27.50 1.65 23.00 3.35 0.00 11.40 Jan 8.60 26.50 1.70 22.50 3.10 0.00 11.20 Major Importers 8/ Dec 46.75 39.74 37.60 73.75 2.87 0.06 47.41 Jan 46.75 39.74 36.90 73.41 2.87 0.06 47.06 Mexico Dec 0.37 1.40 1.00 1.80 0.50 0.01 0.46 Jan 0.37 1.40 1.00 1.80 0.50 0.01 0.46 China Dec 37.31 28.00 8.00 35.50 0.13 0.00 37.69 Jan 37.31 28.00 7.75 35.50 0.13 0.00 37.44 European Union 9/ Dec 0.30 1.58 0.56 0.58 1.51 0.00 0.34 Jan 0.30 1.58 0.56 0.58 1.51 0.00 0.34 Turkey Dec 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Jan 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Pakistan Dec 1.89 3.70 5.00 9.00 0.03 0.03 1.54 Jan 1.89 3.70 5.00 9.00 0.03 0.03 1.54 Indonesia Dec 0.46 3/ 2.45 2.45 0.01 0.00 0.46 Jan 0.46 3/ 2.20 2.20 0.01 0.00 0.46 Thailand Dec 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Jan 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Dec 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Jan 2.29 0.16 8.00 8.20 0.00 0.01 2.24 Vietnam Dec 1.02 3/ 6.60 6.50 0.00 0.00 1.13 Jan 1.02 3/ 6.40 6.40 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. January 2023 WASDE - 632 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.73 368.52 165.55 315.44 363.77 164.99 100.03 World Less China 70.12 348.92 65.81 222.44 251.03 164.92 68.89 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.46 253.77 165.01 257.19 302.87 103.33 93.04 Major Exporters 3/ 47.42 197.39 5.92 90.21 100.84 94.95 54.94 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.33 9.90 0.02 3.30 3.47 6.33 0.45 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.03 358.10 157.13 314.19 363.16 153.89 98.22 World Less China 68.89 341.71 65.56 226.69 255.56 153.79 66.81 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.04 236.57 156.69 254.22 300.39 95.17 90.75 Major Exporters 3/ 54.94 180.67 4.44 91.35 101.89 87.25 50.90 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 129.50 0.54 50.25 53.50 79.14 26.81 Paraguay 0.45 4.20 0.05 2.20 2.28 2.25 0.18 Major Importers 4/ 34.56 20.16 123.85 116.28 143.88 0.42 34.26 China 31.15 16.40 91.57 87.50 107.60 0.10 31.40 European Union 1.56 2.71 14.55 15.40 16.97 0.29 1.55 Southeast Asia 1.20 0.53 8.32 4.45 9.27 0.02 0.75 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Dec 95.59 391.17 166.21 329.32 380.88 169.38 102.71 Jan 98.22 388.01 164.32 327.32 379.49 167.53 103.52 World Less China Dec 63.80 372.77 68.21 233.32 264.29 169.28 71.21 Jan 66.81 367.68 68.32 232.32 263.19 167.43 72.19 United States Dec 7.45 118.27 0.41 61.10 64.48 55.66 5.99 Jan 7.47 116.38 0.41 61.10 64.37 54.16 5.72 Total Foreign Dec 88.14 272.90 165.80 268.22 316.40 113.72 96.72 Jan 90.75 271.63 163.91 266.22 315.12 113.37 97.80 Major Exporters 3/ Dec 47.85 214.00 5.57 95.33 106.36 105.28 55.79 Jan 50.90 210.80 5.77 94.33 105.36 104.73 57.39 Argentina Dec 23.90 49.50 4.80 39.75 47.00 7.70 23.50 Jan 23.90 45.50 5.00 38.00 45.25 5.70 23.45 Brazil Dec 23.81 152.00 0.75 51.75 55.35 89.50 31.71 Jan 26.81 153.00 0.75 52.50 56.10 91.00 33.46 Paraguay Dec 0.13 10.00 0.01 3.75 3.93 5.65 0.56 Jan 0.18 10.00 0.01 3.75 3.93 5.80 0.46 Major Importers 4/ Dec 34.65 21.82 132.03 124.80 153.43 0.37 34.70 Jan 34.26 23.75 130.03 123.80 153.14 0.37 34.53 China Dec 31.79 18.40 98.00 96.00 116.59 0.10 31.50 Jan 31.40 20.33 96.00 95.00 116.30 0.10 31.33 European Union Dec 1.55 2.47 14.40 14.90 16.48 0.25 1.69 Jan 1.55 2.47 14.40 14.90 16.48 0.25 1.69 Southeast Asia Dec 0.75 0.50 9.88 4.85 10.20 0.02 0.92 Jan 0.75 0.50 9.88 4.85 10.20 0.02 0.92 Mexico Dec 0.30 0.23 6.40 6.55 6.60 0.00 0.33 Jan 0.30 0.23 6.40 6.55 6.60 0.00 0.33 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding. January 2023 WASDE - 632 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.54 247.82 64.07 244.11 68.98 14.34 World Less China 15.54 174.16 64.00 171.43 67.92 14.34 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 15.23 201.95 63.36 209.93 56.57 14.04 Major Exporters 3/ 6.76 75.10 0.26 28.53 46.93 6.66 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.20 16.58 4.20 India 0.42 7.60 0.24 6.05 2.03 0.18 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.34 246.57 65.23 243.97 68.19 13.99 World Less China 14.34 177.27 65.18 175.09 67.71 13.99 United States 0.31 47.00 0.59 35.35 12.27 0.28 Total Foreign 14.04 199.57 64.65 208.62 55.92 13.71 Major Exporters 3/ 6.66 76.84 0.79 29.90 47.46 6.94 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.20 38.95 0.01 19.55 20.21 3.40 India 0.18 7.60 0.65 7.02 0.66 0.74 Major Importers 4/ 2.00 22.60 37.93 59.78 1.13 1.64 European Union 0.55 12.17 16.84 28.14 0.77 0.64 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.10 3.47 17.57 21.06 0.34 0.74 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 14.04 258.50 65.64 253.32 70.09 14.76 Jan 13.99 256.93 65.45 252.51 69.74 14.12 World Less China Dec 14.04 182.47 65.59 178.24 69.09 14.76 Jan 13.99 181.69 65.40 177.82 69.14 14.12 United States Dec 0.28 47.94 0.54 36.02 12.43 0.32 Jan 0.28 47.94 0.54 36.02 12.43 0.32 Total Foreign Dec 13.75 210.56 65.09 217.31 57.66 14.45 Jan 13.71 208.99 64.91 216.50 57.31 13.80 Major Exporters 3/ Dec 7.16 79.11 0.12 30.63 48.40 7.36 Jan 6.94 78.24 0.12 30.15 48.40 6.75 Argentina Dec 2.80 31.01 0.00 3.40 27.60 2.80 Jan 2.80 29.64 0.00 3.35 26.50 2.59 Brazil Dec 3.62 40.10 0.02 20.20 19.60 3.94 Jan 3.40 40.68 0.02 19.85 20.70 3.55 India Dec 0.74 8.00 0.10 7.03 1.20 0.62 Jan 0.74 7.92 0.10 6.95 1.20 0.62 Major Importers 4/ Dec 1.66 22.62 38.50 59.86 1.12 1.80 Jan 1.64 22.62 38.40 59.82 1.12 1.72 European Union Dec 0.64 11.77 16.80 27.84 0.80 0.57 Jan 0.64 11.77 16.70 27.74 0.80 0.57 Mexico Dec 0.18 5.18 1.85 6.95 0.01 0.24 Jan 0.15 5.18 1.85 6.95 0.01 0.22 Southeast Asia 5/ Dec 0.74 3.79 18.00 21.38 0.31 0.84 Jan 0.74 3.79 18.00 21.44 0.31 0.78 China Dec 0.00 76.03 0.05 75.08 1.00 0.00 Jan 0.00 75.24 0.05 74.69 0.60 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. January 2023 WASDE - 632 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2020/21 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.38 59.23 11.71 58.42 12.61 5.29 World Less China 4.60 42.57 10.48 40.82 12.57 4.26 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.54 47.88 11.58 47.84 11.83 4.33 Major Exporters 3/ 1.54 20.54 0.75 12.48 9.02 1.33 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.95 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.59 19.87 6.77 26.36 0.21 1.67 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.14 1.71 3.25 4.95 0.01 0.13 North Africa 5/ 0.43 0.99 1.63 2.60 0.13 0.33 2021/22 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 5.29 59.26 11.46 59.30 12.15 4.56 World Less China 4.26 43.58 11.17 42.65 12.04 4.32 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.33 47.40 11.32 48.04 11.35 3.66 Major Exporters 3/ 1.33 20.68 0.59 12.58 8.63 1.38 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.50 9.67 0.03 7.45 2.41 0.35 European Union 0.44 2.93 0.46 2.41 0.97 0.46 Major Importers 4/ 1.67 19.11 6.57 26.25 0.28 0.82 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.13 1.71 4.23 5.83 0.02 0.24 North Africa 5/ 0.33 1.22 1.41 2.55 0.13 0.26 2022/23 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Dec 4.56 61.88 11.56 60.51 12.62 4.87 Jan 4.56 61.49 11.35 60.32 12.28 4.80 World Less China Dec 4.32 44.67 10.56 42.71 12.53 4.31 Jan 4.32 44.47 10.35 42.67 12.19 4.28 United States Dec 0.90 11.93 0.14 11.61 0.50 0.86 Jan 0.90 11.93 0.14 11.75 0.36 0.86 Total Foreign Dec 3.66 49.94 11.42 48.90 12.12 4.00 Jan 3.66 49.56 11.21 48.58 11.92 3.94 Major Exporters 3/ Dec 1.39 21.37 0.58 12.63 9.33 1.38 Jan 1.38 21.17 0.58 12.64 9.18 1.32 Argentina Dec 0.52 7.86 0.00 2.38 5.50 0.50 Jan 0.52 7.51 0.00 2.34 5.25 0.44 Brazil Dec 0.36 9.97 0.08 7.83 2.15 0.43 Jan 0.35 10.11 0.08 7.90 2.25 0.39 European Union Dec 0.46 2.83 0.50 2.36 1.08 0.36 Jan 0.46 2.83 0.50 2.33 1.08 0.38 Major Importers 4/ Dec 0.82 20.72 6.65 26.87 0.21 1.11 Jan 0.82 20.52 6.45 26.50 0.21 1.08 China Dec 0.24 17.20 1.00 17.80 0.09 0.55 Jan 0.24 17.02 1.00 17.65 0.09 0.52 India Dec 0.24 1.80 3.35 5.20 0.02 0.17 Jan 0.24 1.78 3.15 4.98 0.02 0.17 North Africa 5/ Dec 0.26 1.19 1.55 2.62 0.11 0.28 Jan 0.26 1.19 1.55 2.62 0.11 0.28 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, Bangladesh, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. January 2023 WASDE - 632 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2021 Annual 27,948 27,675 55,815 44,899 5,558 50,995 106,810 9,238 226.3 2022 I 7,022 6,904 13,972 11,170 1,374 12,678 26,650 2,295 56.3 II 7,069 6,639 13,755 11,279 1,275 12,698 26,453 2,207 57.8 III 7,147 6,533 13,725 11,896 1,264 13,311 27,037 2,246 56.5 IV 7,065 6,920 14,031 11,900 1,310 13,340 27,371 2,275 56.2 Annual Dec Proj. 28,417 27,061 55,664 46,095 5,213 51,867 107,531 9,033 227.0 Jan Est. 28,302 26,996 55,482 46,245 5,223 52,027 107,509 9,023 226.8 2023 I* 6,690 7,040 13,775 11,475 1,335 12,935 26,710 2,280 57.1 II* 6,685 6,575 13,305 11,575 1,380 13,090 26,395 2,325 58.5 III* 6,530 6,650 13,225 12,050 1,420 13,610 26,835 2,375 56.9 IV* 6,540 7,215 13,803 11,800 1,425 13,350 27,153 2,430 56.7 Annual Dec Proj. 26,275 27,345 53,803 46,925 5,550 53,005 106,808 9,465 229.5 Jan Proj. 26,445 27,480 54,108 46,900 5,560 52,985 107,093 9,410 229.2 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV 152.99 63.49 123.5 177.5 411.7 25.40 Annual Dec Proj. 144.15 71.33 140.9 154.7 278.3 25.65 Jan Est. 144.40 71.21 140.5 154.5 282.4 25.55 2023 I* 157.00 63.00 127.0 165.0 285.0 22.55 II* 157.00 72.00 130.0 160.0 195.0 21.20 III* 157.00 73.00 128.0 155.0 165.0 20.70 IV* 162.00 64.00 129.0 160.0 175.0 22.00 Annual Dec Proj. 156 67 131 153 194 22.70 Jan Proj. 158.5 68.0 128.5 160.0 205.0 21.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. January 2023 WASDE - 632 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2021 716 28,016 3,346 32,078 3,441 676 27,962 58.9 2022 Est. Dec 676 28,485 3,376 32,537 3,562 700 28,275 59.4 Jan 676 28,370 3,376 32,422 3,542 700 28,180 59.2 2023 Proj. Dec 700 26,343 3,350 30,393 3,090 640 26,663 55.8 Jan 700 26,513 3,400 30,613 3,090 640 26,883 56.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2021 467 27,690 1,180 29,337 7,026 446 21,865 51.1 2022 Est. Dec 446 27,075 1,399 28,920 6,334 520 22,066 51.4 Jan 446 27,010 1,344 28,800 6,334 500 21,966 51.2 2023 Proj. Dec 520 27,360 1,400 29,280 6,280 570 22,430 52.1 Jan 500 27,495 1,005 29,000 6,350 515 22,135 51.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2021 1,217 55,906 4,890 62,014 10,470 1,147 50,397 111.5 2022 Est. Dec 1,147 55,756 5,135 62,038 9,901 1,248 50,890 112.3 Jan 1,147 55,574 5,075 61,796 9,881 1,230 50,685 111.8 2023 Proj. Dec 1,248 53,895 5,115 60,258 9,374 1,237 49,647 109.4 Jan 1,230 54,200 4,770 60,199 9,444 1,181 49,574 109.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2021 830 44,419 155 45,403 7,355 705 37,343 96.6 2022 Est. Dec 705 45,602 187 46,493 7,262 840 38,391 99.0 Jan 705 45,750 179 46,634 7,282 850 38,502 99.3 2023 Proj. Dec 840 46,423 180 47,443 7,345 830 39,268 100.9 Jan 850 46,398 180 47,428 7,315 830 39,283 100.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2021 223 5,558 22 5,804 548 166 5,090 15.3 2022 Est. Dec 166 5,213 91 5,470 417 165 4,887 14.7 Jan 166 5,223 88 5,477 405 165 4,906 14.7 2023 Proj. Dec 165 5,550 120 5,835 425 170 5,240 15.7 Jan 165 5,560 120 5,845 400 170 5,275 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2021 1,057 50,514 180 51,751 7,947 874 42,930 113.4 2022 Est. Dec 874 51,373 285 52,532 7,710 1,009 43,814 115.3 Jan 874 51,532 274 52,680 7,718 1,019 43,943 115.6 2023 Proj. Dec 1,009 52,502 306 53,817 7,794 1,004 45,019 118.1 Jan 1,019 52,483 306 53,808 7,739 1,004 45,065 118.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2021 2,274 106,420 5,070 113,765 18,418 2,021 93,327 224.9 2022 Est. Dec 2,021 107,129 5,420 114,570 17,610 2,257 94,703 227.5 Jan 2,021 107,106 5,349 114,476 17,599 2,249 94,628 227.4 2023 Proj. Dec 2,257 106,397 5,421 114,075 17,168 2,241 94,667 227.5 Jan 2,249 106,682 5,076 114,007 17,183 2,185 94,639 227.4 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2023 WASDE - 632 - 33 U.S. Egg Supply and Use Commodity 2020 2021 2022 Proj. 2022 Est. 2023 Proj. 2023 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 31.6 24.5 19.1 19.1 20.5 19.0 Production 9,291.8 9,237.8 9,032.8 9,022.8 9,465.0 9,410.0 Imports 15.5 18.2 22.0 24.2 19.5 20.5 Total Supply 9,338.9 9,280.5 9,074.0 9,066.2 9,505.0 9,449.5 Use Exports 344.0 392.2 226.8 223.8 265.0 240.0 Hatching Use 1,078.5 1,103.9 1,119.0 1,119.0 1,150.0 1,150.0 Ending Stocks 24.5 19.1 20.5 19.0 21.0 20.0 Disappearance Total 7,891.8 7,765.3 7,707.7 7,704.4 8,069.0 8,039.5 Per Capita (number) 285.5 280.5 277.7 277.5 289.7 288.6 Total U.S. Milk Supply and Use Commodity 2020 2021 2022 Proj. 2022 Est. 2023 Proj. 2023 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 223.3 226.3 227.0 226.8 229.5 229.2 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 Fat Basis Supply Beginning Stocks 13.6 15.6 14.3 14.3 14.0 13.9 Marketings 222.2 225.2 225.9 225.8 228.5 228.2 Imports 6.8 6.5 7.3 7.3 7.2 7.2 Total Supply 242.6 247.4 247.6 247.4 249.6 249.2 Fat Basis Use Exports 9.3 11.5 13.5 13.6 13.0 13.3 Ending Stocks 15.6 14.3 14.0 13.9 14.7 14.7 Domestic Use 217.8 221.5 220.1 219.8 222.0 221.3 Skim -solid Basis Supply Beginning Stocks 10.2 10.9 11.1 11.1 11.1 11.6 Marketings 222.2 225.2 225.9 225.8 228.5 228.2 Imports 5.6 5.8 6.5 6.6 6.1 6.3 Total Supply 238.0 241.9 243.5 243.4 245.7 246.1 Skim -solid Basis Use Exports 47.2 50.8 52.4 52.6 52.3 52.6 Ending Stocks 10.9 11.1 11.1 11.6 11.2 11.5 Domestic Use 179.9 180.0 180.0 179.3 182.2 182.0 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. January 2023 WASDE - 632 - 34 U.S. Dairy Prices Commodity 2020 2021 2022 Proj. 2022 Est. 2023 Proj. 2023 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Per Pound Cheese 1.9236 1.6755 2.110 2.1122 1.995 1.930 Butter 1.5808 1.7325 2.875 2.8665 2.465 2.330 Nonfat Dry Milk 1.0417 1.2693 1.680 1.6851 1.375 1.340 Dry Whey 0.3621 0.5744 0.605 0.6035 0.465 0.415 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 18.16 17.08 21.95 21.94 19.80 18.85 Class IV 13.49 16.09 24.50 24.47 20.10 19.25 All Milk 3/ 18.13 18.53 25.65 25.55 22.70 21.60 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. January 2023 WASDE - 632 - 35 Reliability of January Projections 1/ Note: Tables on pages 35 -37 present a record of the January projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below t he final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1.1 percent. The average difference between the January projection and the final estimate is 3 million tons, ranging from 0 mill ion to 8.3 million tons. The January projection has been below the estimate 31 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.7 1.1 3.0 0.0 8.3 31 9 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.7 1.3 3.0 0.1 8.3 30 10 Exports World 5.2 8.8 5.4 0.1 18.4 31 9 U.S. 5.0 8.5 1.3 0.1 3.9 21 19 Foreign 6.2 10.6 5.2 0.3 18.0 33 7 Domestic Use World 1.2 2.1 5.7 0.1 22.7 24 16 U.S. 4.6 7.7 1.1 0.0 3.0 11 28 Foreign 1.3 2.2 5.7 0.6 23.6 26 14 Ending Stocks World 5.0 8.5 6.6 0.2 25.2 27 13 U.S. 8.7 14.8 1.5 0.0 4.6 25 14 Foreign 5.4 9.2 5.8 0.1 25.5 27 13 COARSE GRAINS 2/ Production World 1.3 2.3 11.3 0.0 37.7 29 11 U.S. 0.4 0.7 0.4 0.0 4.6 17 10 Foreign 1.9 3.2 11.2 0.0 37.6 28 12 Exports World 6.3 10.7 6.2 0.2 31.9 29 11 U.S. 11.6 19.7 4.6 0.2 13.3 21 19 Foreign 10.8 18.3 6.1 0.4 26.8 26 14 Domestic Use World 1.1 1.9 8.5 0.0 36.2 21 19 U.S. 2.9 5.0 3.9 0.1 18.8 18 22 Foreign 1.4 2.3 8.6 0.1 36.2 27 13 Ending Stocks World 10.8 18.3 14.4 0.6 136.0 34 6 U.S. 15.3 26.0 5.7 0.0 24.3 20 19 Foreign 13.8 23.4 13.1 0.1 143.4 33 7 RICE, milled Production World 1.6 2.7 4.8 0.0 13.9 33 6 U.S. 1.6 2.7 0.1 0.0 0.3 13 7 Foreign 1.6 2.8 4.8 0.1 13.9 34 6 Exports World 9.1 15.4 1.9 0.0 6.6 30 10 U.S. 7.4 12.6 0.2 0.0 0.6 19 18 Foreign 10.1 17.1 1.9 0.0 6.3 29 11 Domestic Use World 1.3 2.3 3.5 0.0 13.9 28 12 U.S. 7.6 13.0 0.2 0.0 0.5 18 22 Foreign 1.4 2.3 3.4 0.0 13.6 29 11 Ending Stocks World 9.3 15.7 5.1 0.5 26.6 33 7 U.S. 20.2 34.2 0.2 0.0 0.6 22 15 Foreign 9.5 16.0 5.1 0.2 26.5 33 7 1/ Footnotes at end of table. CONTINUED January 2023 WASDE - 632 - 36 Reliability of January Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.4 5.8 5.3 0.0 22.4 22 18 U.S. 1.4 2.3 0.7 0.0 2.5 18 17 Foreign 5.7 9.7 5.4 0.2 22.6 22 18 Exports World 6.9 11.7 3.7 0.1 16.7 25 15 U.S. 7.9 13.4 1.9 0.1 6.7 24 16 Foreign 17.3 29.3 3.6 0.0 19.7 19 21 Domestic Use World 2.6 4.4 3.9 0.1 13.0 21 19 U.S. 3.3 5.5 1.2 0.0 3.6 25 15 Foreign 3.2 5.4 3.6 0.2 12.7 22 18 Ending Stocks World 14.3 24.3 4.3 0.1 18.7 22 18 U.S. 41.7 70.8 2.0 0.1 6.6 10 30 Foreign 16.3 27.7 4.0 0.1 17.2 27 13 COTTON Million 480 -Pound Bales Production World 2.6 4.4 2.0 0.0 5.4 25 14 U.S. 1.1 1.8 0.1 0.0 0.3 14 25 Foreign 3.1 5.3 2.0 0.0 5.7 27 12 Exports World 6.6 11.3 1.9 0.1 8.8 22 18 U.S. 10.9 18.5 0.8 0.0 2.7 25 15 Foreign 8.2 14.0 1.4 0.0 8.1 23 17 Domestic Use World 3.9 6.7 2.6 0.3 18.2 21 19 U.S. 8.2 13.9 0.3 0.0 0.9 20 17 Foreign 3.9 6.7 2.5 0.4 17.3 22 18 Ending Stocks World 10.2 17.3 4.2 0.1 20.0 25 15 U.S. 25.5 43.3 0.9 0.2 2.4 12 28 Foreign 10.8 18.4 4.0 0.1 18.2 27 13 1/ Marketing years 1981/82 through 2021/22 for grains, soybeans (U.S. only), and cotton. There was no WASDE published in January 2019, due to a partial government shutdown, no 2018/19 forecasts were published for that month. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2020/21, and for 2021/22 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2023 WASDE - 632 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.4 0.7 14 0 148 4 5 Exports 12.2 20.7 164 3 513 20 20 Domestic Use 2.9 4.9 139 6 574 19 21 Ending Stocks 17.1 29.0 224 1 986 21 19 SORGHUM Production 1.0 1.7 2 0 53 1 3 Exports 17.0 28.8 29 0 97 25 13 Domestic Use 18.6 31.6 35 1 148 19 21 Ending Stocks 45.1 76.5 23 1 98 14 26 BARLEY Production 1.0 1.6 2 0 11 19 4 Exports 25.4 43.1 7 0 37 14 23 Domestic Use 7.5 12.7 15 0 70 16 21 Ending Stocks 13.8 23.4 11 1 52 24 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 64.0 108.6 1 0 7 10 10 Domestic Use 5.1 8.6 11 0 39 17 22 Ending Stocks 17.3 29.3 12 1 47 24 16 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.5 942 15 3,117 26 14 Exports 10.1 17.1 667 1 2,626 28 12 Domestic Use 2.8 4.8 658 34 2,066 21 19 Ending Stocks 34.1 57.8 66 0 253 15 23 SOYBEAN OIL Million Pounds Production 3.1 5.3 431 7 1,418 28 12 Exports 25.6 43.4 337 0 1,325 23 15 Domestic Use 3.5 5.9 433 25 1,628 25 15 Ending Stocks 20.2 34.4 293 25 1,206 27 13 ANIMAL PROD. Million Pounds Beef 3.4 5.8 722 9 2,111 26 13 Pork 3.1 5.2 417 5 1,717 19 20 Broilers 1.7 2.8 385 24 1,011 24 15 Turkeys 3.2 5.4 132 2 427 18 21 Million Dozen Eggs 2.0 3.5 115 4 525 23 16 Billion Pounds Milk 1.5 2.5 1.8 0.0 5.7 20 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2021/22 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2021/22. Calendar years 1982 through 2021 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2021. There was no WASDE published in January 2019, due to a partial government shutdown, so no 2018/19 forecasts were published in that month for grains, soybeans, and cotton, and no 2018 forecasts were published in that month for animal products. WASDE- 632-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 You’re invited to USDA's largest annual gathering and the agricultural sector's premier event —the 2023 Agricultural Outlook Forum. The Forum will be held in person on February 23- 24, 2023, at the Crystal City Gateway Marriott, Arlington, VA and all session s will be livestreamed. The program will feature an exceptional lineup of topics and speakers! • Join Chief Economist Seth Meyer as he unveils USDA’s initial forecast for the agricultural economy, commodity markets, and trade in 2023 and discuss U.S. farm income situation. • Learn from more than 100 subject matter experts, executives and academics as they discuss some of the most pressing issues impacting agriculture and potential solutions. • Get the latest on supply chain challenges and solutions, climate- smart agriculture and more! Participants can attend the Agricultural Outlook Forum in person or virtually. Registration is required for both virtual and in -person attendance. There is no cost to attending the Forum virtually. For more information, see the Forum' s Program at a Glance Don’t miss your chance to hear the latest updates from industry leaders. Register Today! For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -632 – January 12, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 642 Approved by the World Agricultural Outlook Board November 9, 2023 WHEAT: The outlook for 2023/24 U.S. wheat this month is for larger supplies, decreased domestic use, unchanged exports, and higher ending stocks. Supplies are raised on increased imports, up 10 million bushels to 145 million, on a strong pace to date and expectat ions for the rest of the marketing year. Total domestic use is projected 4 million bushels lower to 1,155 million, all on a reduction in food use following the release of the latest NASS Flour Milling Products report. July -September wheat used in milling i s the smallest for this quarter since at least 2014 when NASS began reporting this series. With no other changes to the U.S. balance sheet, projected ending stocks are raised 14 million bushels to 684 million. The projected 2023/24 season- average farm price is lowered $0.10 per bushel to $7.20 on lower expected prices for the remainder of the marketing year. The global wheat outlook for 2023/24 is for increased supplies, fractionally lower consumption, less trade, and larger ending stocks. Supplies are projected up 0.6 million tons to 1,051.5 million as increased beginning stocks more than offset a decline in global production. World production is lowered 1.5 million tons to 782.0 million on decreases to many countries including India, Argentina, Kazakhstan, the United Kingdom, and Brazil. The decrease for production in India is based on revised government estimates. In Argentina, production is forecast 1.5 million tons lower to 15.0 million as rains in October were too late to benefit the crop in Cordoba and Santa Fe. These production declines are partially offset by a 5.0 -million- ton increase in the forecast f or Russia, up to 90.0 million, based on near -final harvest data from the Ministry of Agriculture that indicates more harvested area and higher yields. The global forecast for trade is lowered 1.3 million tons to 205.0 million, primarily on lower exports from Argentina, India, and Egypt that are only partly offset by an increase for Ukraine. Projected global ending stocks are raised 0.6 million tons to 258.7 million, with larger forecasts for Russia, China, and Argentina more than offsetting declines for India, Ukraine, and Brazil. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for larger production, domestic use, exports, and ending stocks. Corn production is forecast at 15.2 billion bushels, up 170 million from last month on a 1.9- bushel increase in yield to 174.9 bushels per acre. With larger supplies, feed and residual use is raised 50 million bushels to 5.7 billion and corn used f or ethanol is raised 25 million bushels to 5.3 billion. Exports are raised 50 million bushels to 2.1 billion. With supply rising more than use, corn ending stocks are up 45 million bushels to 2.2 billion. The season- average corn price received by producers is lowered 10 cents to $4.85 per bushel. Global coarse grain production for 2023/24 is forecast up 4.8 million tons to 1,499.3 million. This month’s 2023/24 foreign coarse grain outlook is for larger production, trade, and ending stocks relative to last month. Foreign corn production is forecast higher as increases for Ukraine, Russia, Burma, and Paraguay are partly offset by declines for Mexico, Egypt, and Indonesia. Corn production for Ukraine and Russia is raised based on harvest results to date. Mexico production is lowered reflecting a reported decline in summer corn area. Foreign barley WASDE- 642-2 production is raised as higher production for Russia, Ukraine, and India are partly offset by reductions for Argentina, the EU, and Turkey. Major global trade changes include larger corn exports for the United States, Russia, Turkey, Ukraine, and Paraguay. Corn imports are raised for Canada, Egypt, Mexico, the EU, and Saudi Arabia but lowered for Iran and Bangladesh. Barley exports are raised for Ukraine but lowered for Argentina. Foreign corn ending stocks are higher, mostly reflecting increases for Ukraine, Paraguay, and China that are partly offset by a decline for Iran. Global corn ending stocks, at 315.0 million tons, are up 2.6 million. RICE : The outlook for 2023/24 U.S. rice this month is for slightly lower supplies, unchanged exports and domestic use, and reduced ending stocks. Supplies are fractionally lower on reduced production as the NASS November Crop Production report lowered 2023/24 all rice production 845,000 cwt to 219.7 million cwt, all on lower yields. The average all rice yield is down 30 pounds per acre to 7,707 pounds. All rice ending stocks are reduced 845,000 cwt to 40.9 million cwt but are still up 35 percent from last y ear. The season- average farm price for all rice is raised $0.50 per cwt to $17.30, on higher long-grain and other (southern) medium - and short - grain price forecasts. The 2023/24 global rice outlook this month is for higher supplies, consumption, trade, and nearly unchanged stocks. World supplies are raised 1.6 million tons to 692.6 million, mostly on higher beginning stocks for India. The country’s beginning stocks are raised based on a 1.5 -million-ton reduction in 2022/23 consumption as implied by the latest government stocks report. India’s beginning stocks are also increased on reduced 2022/23 exports, which have slowed since the imposition of its export ban for non- parboiled white milled rice. Global 2023/24 rice consumption is increased 1.6 million tons to a record 525.2 million on higher projected consumption for India as the government extends its food assistance programs. World trade is projected at 52.7 million tons, up 0.4 million mostly on higher exports by Brazil. Projected 2023/24 world ending stocks are 167.4 million tons, virtually unchanged from last month and remaining at a 6-year low. OILSEEDS: The U.S. soybean outlook for 2023/24 i ncludes increased production and ending stocks. Soybean production is forecast at 4.13 billion bushels, up 25 million on higher yields. The largest production changes are for Wisconsin, Tennessee, North Dakota, South Dakota, and Ohio. With crush and exports unchanged, soybean ending stocks are raised to 245 million bushels. The U.S. season- average soybean price for 2023/24 is forecast at $12.90 per bushel, unchanged from last month. The soybean oil price is reduced 2.0 cents to 61.0 cents per pound. The soybean meal price is unchanged at $380.00 per short ton. The global 2023/24 soybean supply and demand forecast includes lower beginning stocks, higher production, higher crush, and lower ending stocks. Beginning stocks are reduced 1.6 million tons, reflecting offsetting back -year balance sheet revisions for China and Brazil. China’s beginning stocks are reduced on lower soybean imports for 2021/22 and 2022/23 and higher crush for 2022/23. Conversely, Brazil’s beginning stocks are increased on a larger 2022/23 crop of 158 million tons due to higher -than- expected use to date. Global 2023/24 soybean production is raised 0.9 million tons to 400.4 million, mainly on higher production for Russia, Ukraine, and the United States. Global soybean crush is raised on higher crush for China and Russia. Global soybean ending stocks are reduced 1.1 million tons as higher stocks for Brazil and the United States are more than offset by lower stocks for China. SUGAR: Mexico production for 2023/24 is reduced by 245,000 metric tons (MT) to 5.330 million. Mexico is currently experiencing widespread drought conditions. Growing areas most severe ly WASDE- 642-3 affected are in the western Pacific region and in San Luis Potosi. Other states like Veracruz and Quintana Roo (important regions for the production of low polarity sugar) are not as severely affected. State -weighted April -October rainfall data indicate rainfall in cane growing regions is about 23 percent below normal. This level is lower than, but comparable to the situation in 2019, the next lowest annual level. The effects on yields vary depending on irrigation but will be lower overall. Many factors besides rainfall enter into yield forecasting. USDA analysis suggest s a national sugar yield of 61.3 MT/hectare, lower than the 62.9 in 2019 but higher than the 59.0 last year when fertilizer use was at a record low due to extremely high prices. With extremely high sugar prices, area harvested should remain at about 800,000 hectares. Sucrose recovery should be about 10.9 percent. Lower 2023 /24 production implies changes in other components of Mexico supply and use. Deliveries into the IMMEX program are decreased by 50,000 MT to 400,000, a level similar to last year when production was at its low 5.224 million MT level. The production of low pol arity sugar for export to the U.S. market should be around the 70 percent of U.S. Needs as determined by the DOC in September. Similar to last year, low polarity sugar is assumed to be about 75 percent of total exports to the United States, implying total exports at 1.051 million MT (1.026 million for the United States and 25,000 to other destinations). Ending stocks are set at the level to meet delivery requirements into the beginning 2.5 months of 2024/25 before the start of the new campaign. Imports as the residual increase by 112,465 MT to 433,539. (Imports lower than this amount would require lower ending stocks than projected but would imply more imports in 2024/25 to meet delivery requirements.) U.S. sugar supply for 2023/24 is increased by 12,345 short tons, raw value (STRV) on lower beginning stocks and imports offset by greater production. TRQ raw sugar imports are down 160,573 STRV due to the Philippines announcement that all production would be allocated for domestic uses and none for export. Imports from Mexico are decreased 85,610 STRV on lower refined sugar slated for the U.S. market as explained above. These decreases are offset by a 100,000 STRV increase in projected high-tier tariff imports to 275,000. Like last month, 175,000 is projected to enter as refined sugar. Raw sugar imports are projected at 100,000 STRV . Prior to this WASDE high- tier tariff imports were only increased when there were raw sugar entries for the most recent month. The USDA now recognizes that high- tier tariff raw imports are an important source to meet raw sugar requirements under current market conditions. Louisiana cane sugar production for 2023/24 is increased 48,947 STRV to 1.787 million mostly on a higher sugarcane yield forecast by NASS. Beet sugar production is increased 211,290 STRV to 5.363 million on higher sugarbeet yields forecast by NASS, an increase in recovery based on processors ’ estimate s of sucrose content, and adjustments made for early season production that cross between fiscal years. There are no use changes. Ending stocks are projected at 1.569 million STRV, implying a stocks -to-use ratio of 12.39 percent, up 0.1 percentage points from last month. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2023 red meat and poultry production is lowered from last month with lower beef, pork, broiler, and turkey forecasts. Beef production is lowered with reduced steer and heifer slaughter more than offsetting higher expected cow slaughter and higher average dressed weights in the fourth quarter. Pork production is lowered on lighter dressed weights in the fourth quarter. Broiler production is lowered as eggs set and chicks placed data point towards further production declines in the fourth quarter. Turkey production is lowered based on current hatchery and slaughter data. Egg production is raised slightly from last month, as higher third quarter reported data more than offsets a reduced fourth quarter forecast. WASDE- 642-4 For 2024, the beef production forecast is raised. Higher expected steer and heifer placements in the later part of 2023 and first part of 2024 will lead to higher marketings of fed cattle, particularly in the first half of 2024. In addition, cow and bull slaughter is raised from last month. The pace of broiler production growth is reduced from last month. Turkey production is lowered as the sector responds to continued weakness in turkey markets. Egg production is reduced, with reductions in the first half of the year more than offsetting increases in the second half. Beef imports for 2023 are raised on recent trade data and stronger expected imports from Australia in the fourth quarter. For 2024, beef imports are raised based on higher expected imports from Australia due to tight U.S. beef supplies. Exports for 2023 are raised slightly based on reported data for the third quarter. Beef export forecasts for 2024 are unchanged. Pork imports are raised, and exports are lowered for 2023 on observed data, but the forecasts are unchanged for 2024. Broiler exports forecasts for 2023 are lowered based on recent trade data, with the lowered outlook carrying over into the 2024 export forecast due to weaker international demand and tighter domestic supplies. Turkey exports are raised for 2023 on current trade , but the forecast for 2024 is lowered on lower domestic production. Cattle price forecasts for 2023 and 2024 are unchanged although weaker prices in the first half of 2024 are offset by higher prices later in the year. The 2023 hog price forecast is lowered on prices to date. Lower hog price forecasts are carried into the first half of 2024. The broiler price forecast for 2023 is lowered on recent data, but 2024 forecasts are raised with the reduction in expected production. The turkey price forecast for 2023 is lowered due to weak demand. The 2024 price forecast is also lowered as weak demand carries into the first part of the year. Egg price forecasts for 2023 are raised on recent prices and strong demand expected ahead of the holiday season. The price forecast for 2024 is unchanged with stronger prices early in the year offset by lowered forecasts later. The milk production forecast for 2023 is reduced from last month as milk cow numbers we re revised lower in the most recent Milk Production report , and t he lower estimated numbers are carried into the fourth quarter forecast. Growth in milk per cow is also slowed in the fourth quarter with slower -than- expected growth for the third quarter reported in the Milk Production report. The forecast for 2024 is reduced as the lower forecasts of milk cows and milk per cow for late 2023 are carried into the next year. Fat basis imports for 2023 are unchanged from last month, as lower -than-expected imports in the third quarter are largely offset by expectations of higher butter and butter fat imports in the fourth quarter. Higher expected imports of butter and cheese support a higher fat basis import forecast for 2024. Skim -solids basis imports are lowered for 2023 reflecting lower imports of milk proteins. For 2024, the skim-solids basis import forecast is unchanged. Exports in 2023 are lowered on a fat basis with lower expected sales of butter and milkfats, whole milk powder, and whey but higher lactose shipments are reflected in a higher skim -solids export forecast. For 2024, lowered expectations of butter sales more than offset stronger cheese exports and the fat basis export forecast is reduced. However, higher expected nonfat dry milk (NDM) and cheese exports support a higher skim -solids export forecast. Recent gains in butter prices have eroded more rapidly than previously expected and the butter price forecast for 2023 is reduced. Strength in whey demand supports a higher price forecast. The cheese price is unchanged and the NDM price is raised to reflect current prices. The Class III price is raised on a higher whey price, but the Class IV price is lowered as a weaker butter price more than offsets slightly higher NDM. For 2024, the price forecast for butter is reduced as prices continue to soften from l ate-2023 levels but cheese, NDM, and whey prices are raised as lower milk production constrains production of those products. The Class III and Class IV price WASDE- 642-5 forecasts are raised on higher cheese, whey and NDM prices although the lowered butter price constrains the level of increase in the Class IV price. The 2023 all milk price forecast is unchanged from last month at $20.70 per cwt while the 2024 all milk price is raised to $20.80 per cwt. COTTON : The 2023/24 U.S. cotton balance sheet shows slightly lower consumption but higher production and ending stocks this month. Production is 273,000 bales higher, at 13.1 million bales, as lower production in Texas is more than offset elsewhere. Domestic mill use is 100,000 bales lower, reflecting the pace of recent consumption, and exports are unchanged, leaving ending stocks 400,000 bales higher at 3.2 million bales or 22.5 percent of use. The 2023/24 season- average price for upland cotton is reduced 3 cents this month to 77 cents per pound. This month’s 2023/24 global cotton balance sheet includes lower consumption, but higher production and stocks. Beginning stocks are 200,000 bales higher largely due to a 300,000-bale increase in India’s 2022/23 production based on data from their Committee on Cotton Production and Consumption. The global production forecast for 2023/24 is 850,000 bales higher this month as larger expected crops in Afghanistan, the United States, Argentina, and Paraguay offset reductions in Spain and Mexico. Global consumption is 500,000 bales lower, with cuts for Vietnam, Turkey, and the United States. World trade is little changed from the previous month despite a 500,000- bale increase in China’s projected imports, as declines for Vietnam, Turkey, Korea, and Thailand are largely offsetting. At 81.5 million bales, 2023/24 global cotton ending stocks are projected 1.6 million bales higher than in October. China accounts for nearly one -third of this increase as higher imports are largely expected to be for the State Reserve. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 642-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Claire Mezoughem, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Dec 8. In 2024 the WASDE report will be released on Jan 12, Feb 8, Mar 8, Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 642-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 November 2023 WASDE - 642 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2797.13 3591.80 513.49 2798.79 793.01 2022/23 (Est.) 2749.97 3542.98 495.04 2769.66 773.32 filler filler filler filler filler 2023/24 (Proj.) Oct 2796.12 3563.28 494.14 2799.47 763.81 2023/24 (Proj.) Nov 2799.08 3572.40 495.98 2805.18 767.23 filler filler filler filler filler Wheat 2021/22 781.01 1065.14 202.76 792.73 272.41 2022/23 (Est.) 789.49 1061.90 220.42 792.36 269.55 filler filler filler filler filler 2023/24 (Proj.) Oct 783.43 1050.98 206.26 792.86 258.13 2023/24 (Proj.) Nov 781.98 1051.53 205.01 792.84 258.69 filler filler filler filler filler Coarse Grains 5/ 2021/22 1501.77 1824.81 253.83 1487.03 337.78 2022/23 (Est.) 1447.12 1784.91 220.69 1455.92 328.99 filler filler filler filler filler 2023/24 (Proj.) Oct 1494.55 1821.30 235.55 1483.08 338.22 2023/24 (Proj.) Nov 1499.31 1828.30 238.30 1487.17 341.12 filler filler filler filler filler Rice, milled 2021/22 514.35 701.85 56.90 519.03 182.82 2022/23 (Est.) 513.36 696.17 53.93 521.39 174.78 filler filler filler filler filler 2023/24 (Proj.) Oct 518.14 691.00 52.33 523.53 167.47 2023/24 (Proj.) Nov 517.80 692.58 52.68 525.16 167.42 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.09 473.78 67.73 352.26 53.78 filler filler filler filler filler 2023/24 (Proj.) Oct 453.22 514.60 79.54 359.08 75.99 2023/24 (Proj.) Nov 456.55 518.21 80.18 360.62 77.41 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.22 20.65 30.75 15.83 filler filler filler filler filler 2023/24 (Proj.) Oct 49.31 68.82 19.05 31.54 18.22 2023/24 (Proj.) Nov 49.31 69.09 19.05 31.43 18.60 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.10 398.94 45.04 316.90 37.00 filler filler filler filler filler 2023/24 (Proj.) Oct 396.91 436.59 57.76 322.39 56.44 2023/24 (Proj.) Nov 400.26 439.94 58.40 324.04 57.51 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.62 2.04 4.62 0.96 filler filler filler filler filler 2023/24 (Proj.) Oct 7.00 9.20 2.73 5.14 1.33 2023/24 (Proj.) Nov 6.98 9.17 2.73 5.14 1.30 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2023 WASDE - 642 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,348.53 3,078.39 418.66 2,438.06 735.16 2022/23 (Est.) 2,341.88 3,069.20 427.31 2,417.40 719.54 filler filler filler filler filler 2023/24 (Proj.) Oct 2,342.90 3,048.67 414.60 2,440.40 687.82 2023/24 (Proj.) Nov 2,342.53 3,054.20 415.81 2,444.56 689.82 filler filler filler filler filler Wheat 2021/22 736.21 994.72 181.11 762.97 253.40 2022/23 (Est.) 744.60 994.68 199.78 761.61 253.72 filler filler filler filler filler 2023/24 (Proj.) Oct 734.12 982.17 187.21 761.32 239.90 2023/24 (Proj.) Nov 732.67 982.44 185.96 761.41 240.08 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.06 1,390.49 183.31 1,160.81 300.20 2022/23 (Est.) 1,089.03 1,385.97 175.64 1,139.02 291.99 filler filler filler filler filler 2023/24 (Proj.) Oct 1,097.65 1,384.71 177.79 1,160.69 281.78 2023/24 (Proj.) Nov 1,099.04 1,388.35 179.90 1,163.13 283.61 filler filler filler filler filler Rice, milled 2021/22 508.26 693.18 54.25 514.28 181.55 2022/23 (Est.) 508.26 688.55 51.89 516.77 173.82 filler filler filler filler filler 2023/24 (Proj.) Oct 511.14 681.80 49.60 518.39 166.14 2023/24 (Proj.) Nov 510.82 683.41 49.95 520.02 166.12 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.55 192.20 43.20 115.93 76.39 2022/23 (Est.) 116.65 193.03 37.03 110.92 83.04 filler filler filler filler filler 2023/24 ( Proj.) Oct 112.60 195.44 43.24 115.79 79.92 2023/24 (Proj.) Nov 113.46 196.50 43.31 115.30 81.50 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Oct 12.82 17.07 12.20 2.15 2.80 2023/24 (Proj.) Nov 13.09 17.35 12.20 2.05 3.20 filler filler filler filler filler Foreign 4/ 2021/22 97.03 171.52 28.71 113.38 72.34 2022/23 (Est.) 102.18 174.51 24.27 108.87 78.79 filler filler filler filler filler 2023/24 (Proj.) Oct 99.79 178.37 31.04 113.64 77.12 2023/24 (Proj.) Nov 100.37 179.15 31.11 113.25 78.30 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2023 WASDE - 642 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.68 727.71 179.41 510.24 117.43 2022/23 (Est.) 631.34 748.77 201.64 523.38 118.62 filler filler filler filler filler 2023/24 (Proj.) Oct 659.36 779.51 194.63 540.69 131.88 2023/24 (Proj.) Nov 661.46 780.08 194.57 542.18 131.38 filler filler filler filler filler Oilmeals 2021/22 349.58 369.70 96.31 347.17 20.38 2022/23 (Est.) 356.41 376.79 96.42 355.36 17.70 filler filler filler filler filler 2023/24 (Proj.) Oct 369.17 386.46 100.22 363.08 19.66 2023/24 (Proj.) Nov 370.21 387.91 100.46 363.96 20.12 filler filler filler filler filler Vegetable Oils 2021/22 207.83 236.54 79.57 202.44 29.09 2022/23 (Est.) 217.19 246.27 88.00 211.19 30.78 filler filler filler filler filler 2023/24 (Proj.) Oct 223.19 253.96 90.12 218.65 30.05 2023/24 (Proj.) Nov 223.49 254.27 89.84 218.92 30.34 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.35 8.96 filler filler filler filler filler 2023/24 (Proj.) Oct 120.90 131.38 48.74 66.72 7.58 2023/24 (Proj.) Nov 121.54 132.02 48.77 66.69 8.24 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.05 54.70 13.52 40.77 0.42 filler filler filler filler filler 2023/24 (Proj.) Oct 51.53 56.16 14.11 41.61 0.44 2023/24 (Proj.) Nov 51.49 56.13 14.11 41.58 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.27 20.81 0.33 19.36 1.12 filler filler filler filler filler 2023/24 (Proj.) Oct 13.62 21.41 0.33 19.90 1.18 2023/24 (Proj.) Nov 13.61 21.31 0.33 19.88 1.10 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.33 586.53 119.86 446.37 108.29 2022/23 (Est.) 505.59 612.35 146.53 459.03 109.67 filler filler filler filler filler 2023/24 (Proj.) Oct 538.46 648.13 145.88 473.97 124.30 2023/24 (Proj.) Nov 539.92 648.06 145.81 475.49 123.14 filler filler filler filler filler Oilmeals 2021/22 300.31 316.47 83.85 306.76 20.03 2022/23 (Est.) 306.36 322.09 82.90 314.59 17.29 filler filler filler filler filler 2023/24 (Proj.) Oct 317.64 330.30 86.11 321.47 19.22 2023/24 (Proj.) Nov 318.72 331.78 86.36 322.38 19.68 filler filler filler filler filler Vegetable Oils 2021/22 194.77 216.92 78.52 185.14 27.81 2022/23 (Est.) 203.92 225.46 87.66 191.83 29.66 filler filler filler filler filler 2023/24 (Proj.) Oct 209.57 232.55 89.79 198.75 28.87 2023/24 (Proj.) Nov 209.87 232.96 89.51 199.03 29.24 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2023 WASDE - 642 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Million Acres Area Planted 46.7 45.7 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 698 582 582 Production 1,646 1,650 1,812 1,812 Imports 96 122 135 145 Supply, Total 2,588 2,470 2,529 2,539 Food 971 973 974 970 Seed 58 68 65 65 Feed and Residual 64 89 120 120 Domestic, Total 1,093 1,130 1,159 1,155 Exports 796 759 700 700 Use, Total 1,889 1,888 1,859 1,855 Ending Stocks 698 582 670 684 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.30 7.20 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 51 -7 65 -20 0 89 Domestic Use 453 276 242 70 88 1,130 Exports 224 214 107 190 23 759 Use, Total 678 490 349 261 111 1,888 Ending Stocks, Total 234 158 90 72 28 582 2023/24 (Proj.) Beginning Stocks 234 158 90 72 28 582 Production 601 468 449 235 59 1,812 Imports 25 65 10 5 40 145 Supply, Total 3/ 860 691 549 312 127 2,539 Food 378 260 164 85 83 970 Seed 27 18 12 6 2 65 Feed and Residual 30 10 80 0 0 120 Domestic Use 435 288 256 91 85 1,155 Exports 145 225 145 160 25 700 Use, Total 580 513 401 251 110 1,855 Ending Stocks, Total Nov 280 178 148 61 17 684 Ending Stocks, Total Oct 279 173 137 61 20 670 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. November 2023 WASDE - 642 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Million Acres Area Planted 105.8 100.5 107.7 107.7 Area Harvested 94.4 87.0 96.7 96.7 Metric Tons Yield per Harvested Acre 4.21 4.11 4.10 4.13 Million Metric Tons Beginning Stocks 34.0 37.6 37.0 37.0 Production 397.5 357.8 396.6 400.0 Imports 2.3 2.9 2.4 2.4 Supply, Total 433.8 398.3 436.0 439.4 Feed and Residual 148.7 144.2 146.0 147.0 Food, Seed & Industrial 177.0 172.1 175.9 176.5 Domestic, Total 325.7 316.3 321.8 323.5 Exports 70.5 45.0 57.8 58.4 Use, Total 396.2 361.3 379.6 381.9 Ending Stocks 37.6 37.0 56.4 57.5 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Million Acres Area Planted 93.3 88.6 94.9 94.9 Area Harvested 85.3 79.1 87.1 87.1 Bushels Yield per Harvested Acre 176.7 173.4 173.0 174.9 Million Bushels Beginning Stocks 1,235 1,377 1,361 1,361 Production 15,074 13,715 15,064 15,234 Imports 24 39 25 25 Supply, Total 16,333 15,130 16,451 16,621 Feed and Residual 5,726 5,549 5,600 5,650 Food, Seed & Industrial 2/ 6,757 6,558 6,715 6,740 Ethanol & by -products 3/ 5,320 5,176 5,300 5,325 Domestic, Total 12,483 12,108 12,315 12,390 Exports 2,472 1,661 2,025 2,075 Use, Total 14,956 13,769 14,340 14,465 Ending Stocks 1,377 1,361 2,111 2,156 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.95 4.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. November 2023 WASDE - 642 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.3 6.3 Yield (bushels/acre) 69.0 41.1 57.4 51.4 Beginning Stocks 20 47 24 24 Production 448 188 360 322 Imports 0 0 0 0 Supply, Total 468 235 384 346 Feed and Residual 80 43 55 45 Food, Seed & Industrial 45 59 55 55 Total Domestic 125 102 110 100 Exports 296 109 245 220 Use, Total 421 211 355 320 Ending Stocks 47 24 29 26 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.95 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 3.0 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.3 71.6 72.4 72.4 Beginning Stocks 71 42 58 58 Production 120 175 185 185 Imports 15 24 14 14 Supply, Total 206 241 257 257 Feed and Residual 17 49 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 157 181 185 185 Exports 7 2 3 3 Use, Total 164 183 188 188 Ending Stocks 42 58 69 69 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.00 7.20 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 64.8 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 85 85 Supply, Total 159 174 177 177 Feed and Residual 44 57 55 55 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 136 Exports 3 2 2 2 Use, Total 126 140 138 138 Ending Stocks 33 35 39 39 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.30 3.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2023 WASDE - 642 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Million Acres Area Planted 2.53 2.22 2.90 2.90 Area Harvested 2.49 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,737 7,707 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.6 160.4 220.5 219.7 Imports 37.8 39.9 39.0 39.0 Supply, Total 273.0 240.0 289.8 288.9 Domestic & Residual 3/ 149.8 145.4 162.0 162.0 Exports, Total 4/ 83.5 64.3 86.0 86.0 Rough 28.2 18.1 27.0 27.0 Milled (rough equiv.) 55.3 46.2 59.0 59.0 Use, Total 233.3 209.7 248.0 248.0 Ending Stocks 39.7 30.3 41.8 40.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.20 16.80 17.30 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 32.0 32.0 Production 144.6 128.2 152.6 152.1 Supply, Total 7/ 205.0 184.7 205.8 205.2 Domestic & Residual 3/ 118.3 113.7 124.0 124.0 Exports 8/ 62.0 49.8 59.0 59.0 Use, Total 180.3 163.5 183.0 183.0 Ending Stocks 24.6 21.2 22.8 22.2 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 15.00 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.0 32.2 67.9 67.6 Supply, Total 7/ 66.0 53.0 81.7 81.4 Domestic & Residual 3/ 31.5 31.7 38.0 38.0 Exports 8/ 21.5 14.5 27.0 27.0 Use, Total 53.0 46.2 65.0 65.0 Ending Stocks 13.0 6.8 16.7 16.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 22.60 23.00 California 10/ 31.90 36.00 26.00 26.00 Other States 1/ 13.90 18.20 15.50 16.50 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. November 2023 WASDE - 642 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.8 82.8 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 49.6 49.9 Million Bushels Beginning Stocks 257 274 268 268 Production 4,465 4,270 4,104 4,129 Imports 16 25 30 30 Supply, Total 4,738 4,569 4,403 4,428 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,755 1,755 Seed 102 97 101 101 Residual 6 0 27 26 Use, Total 4,464 4,301 4,183 4,182 Ending Stocks 274 268 220 245 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.90 12.90 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,761 1,602 Production 4/ 26,155 26,227 27,025 27,025 Imports 303 376 400 400 Supply, Total 28,589 28,594 29,186 29,027 Domestic Disappearance 24,827 26,614 27,100 27,100 Biofuel 3/ 10,379 12,400 12,800 12,800 Food, Feed & other Industrial 14,449 14,214 14,300 14,300 Exports 1,771 378 350 350 Use, Total 26,598 26,992 27,450 27,450 Ending stocks 1,991 1,602 1,736 1,577 Avg. Price (c/lb) 2/ 72.98 65.26 63.00 61.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 371 Production 4/ 51,814 52,493 54,175 54,154 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,125 55,125 Domestic Disappearance 38,959 38,402 39,425 39,425 Exports 13,540 14,664 15,300 15,300 Use, Total 52,499 53,065 54,725 54,725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. November 2023 WASDE - 642 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,977 1,875 Production 2/ 9,157 9,249 8,969 9,229 Beet Sugar 5,155 5,187 5,151 5,363 Cane Sugar 4,002 4,062 3,817 3,866 Florida 1,934 1,983 2,037 2,037 Louisiana 1,944 2,002 1,738 1,787 Texas 124 76 42 42 Imports 3,646 3,614 3,277 3,130 TRQ 3/ 1,579 1,862 1,617 1,457 Other Program 4/ 298 141 200 200 Non-program 1,769 1,611 1,459 1,474 Mexico 1,379 1,156 1,284 1,199 High -tier tariff/other 390 455 175 275 Total Supply 14,508 14,684 14,222 14,234 Exports 29 82 35 35 Deliveries 12,578 12,589 12,630 12,630 Food 12,470 12,473 12,525 12,525 Other 5/ 107 116 105 105 Miscellaneous 81 138 0 0 Total Use 12,688 12,809 12,665 12,665 Ending Stocks 1,820 1,875 1,557 1,569 Stocks to Use Ratio 14.3 14.6 12.3 12.4 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (161) and for 2023/24 (255). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Oct 964 5,224 285 4,627 1,011 836 2022/23 Est. Nov 964 5,224 285 4,627 1,011 835 2023/24 Proj. Oct 836 5,575 322 4,699 1,124 909 2023/24 Proj. Nov 835 5,330 434 4,648 1,051 900 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (400 proj = 375 dom.+25 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). November 2023 WASDE - 642 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 10.23 10.23 Harvested 10.27 7.31 8.02 8.02 Fil ler Pounds Yield per Harvested Acre 819 950 767 783 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.82 13.09 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.07 17.35 Domestic Use 2.55 2.05 2.15 2.05 Exports, Total 14.48 12.77 12.20 12.20 Use, Total 17.03 14.82 14.35 14.25 Unaccounted 2/ -0.40 -0.55 -0.08 -0.11 Ending Stocks 4.05 4.25 2.80 3.20 Avg. Farm Price 3/ 91.4 84.8 80.0 77.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. November 2023 WASDE - 642 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.13 781.01 199.53 161.32 792.73 202.76 272.41 World Less China 145.01 644.07 189.96 126.32 644.73 201.89 135.65 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.13 736.21 196.91 159.58 762.97 181.11 253.40 Major Exporters 4/ 34.88 327.13 5.79 78.40 185.70 142.40 39.71 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.63 204.00 130.32 54.87 323.93 15.28 172.74 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.47 22.76 3.88 38.87 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.41 789.49 211.97 155.11 792.36 220.42 269.55 World Less China 135.65 651.77 198.69 122.11 644.36 219.48 130.73 United States 19.01 44.90 3.32 2.42 30.75 20.65 15.83 Total Foreign 253.40 744.60 208.66 152.69 761.61 199.78 253.72 Major Exporters 4/ 39.71 334.26 13.22 75.12 182.52 161.10 43.56 Argentina 1.93 12.55 0.01 0.05 6.55 4.00 3.93 Australia 3.45 39.69 0.20 4.50 8.00 31.82 3.51 Canada 3.66 34.34 0.55 4.17 9.32 25.57 3.66 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 5.27 21.50 0.06 3.40 8.40 17.12 1.30 Major Importers 6/ 172.74 205.95 133.66 50.84 320.70 15.13 176.52 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.04 5.45 0.75 6.25 0.29 1.13 N. Africa 7/ 12.88 17.33 29.12 1.67 46.42 0.77 12.14 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.84 17.19 24.66 3.68 39.78 0.65 11.25 Southeast Asia 9/ 4.64 0.00 24.62 7.50 24.30 1.28 3.68 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 267.55 783.43 204.63 156.40 792.86 206.26 258.13 Nov 269.55 781.98 204.70 157.79 792.84 205.01 258.69 World Less China Oct 128.74 646.43 193.63 119.40 639.86 205.36 125.21 Nov 130.73 644.98 192.70 120.79 639.84 204.11 124.77 United States Oct 15.83 49.31 3.67 3.27 31.54 19.05 18.22 Nov 15.83 49.31 3.95 3.27 31.43 19.05 18.60 Total Foreign Oct 251.73 734.12 200.95 153.13 761.32 187.21 239.90 Nov 253.72 732.67 200.76 154.53 761.41 185.96 240.08 Major Exporters 4/ Oct 42.37 313.50 8.68 73.45 180.75 150.50 33.31 Nov 43.56 317.30 8.68 75.75 183.05 150.00 36.49 Argentina Oct 3.43 16.50 0.00 0.05 6.55 11.50 1.88 Nov 3.93 15.00 0.00 0.05 6.55 10.00 2.38 Australia Oct 2.84 24.50 0.20 3.70 7.20 17.50 2.84 Nov 3.51 24.50 0.20 4.00 7.50 17.50 3.21 Canada Oct 3.66 31.00 0.60 3.50 8.70 23.00 3.56 Nov 3.66 31.00 0.60 3.50 8.70 23.00 3.56 European Union 5/ Oct 16.51 134.00 7.50 44.00 108.50 37.50 12.01 Nov 16.52 134.30 7.50 44.00 108.50 37.50 12.32 Russia Oct 14.64 85.00 0.30 18.00 41.00 50.00 8.94 Nov 14.64 90.00 0.30 20.00 43.00 50.00 11.94 Ukraine Oct 1.30 22.50 0.08 4.20 8.80 11.00 4.08 Nov 1.30 22.50 0.08 4.20 8.80 12.00 3.08 Major Importers 6/ Oct 176.53 208.07 130.82 54.50 327.15 17.17 171.10 Nov 176.52 207.65 130.82 54.32 326.83 16.95 171.22 Bangladesh Oct 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Nov 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Oct 2.13 9.80 5.60 0.80 12.30 3.00 2.23 Nov 1.82 9.40 5.60 0.80 12.30 3.00 1.52 China Oct 138.82 137.00 11.00 37.00 153.00 0.90 132.92 Nov 138.82 137.00 12.00 37.00 153.00 0.90 133.92 Japan Oct 1.13 1.12 5.50 0.65 6.25 0.30 1.20 Nov 1.13 1.12 5.50 0.65 6.25 0.30 1.20 N. Africa 7/ Oct 11.90 16.73 31.10 1.75 47.30 0.90 11.53 Nov 12.14 16.73 30.60 1.75 47.30 0.70 11.47 Nigeria Oct 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Nov 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Oct 11.26 19.18 22.72 3.30 40.10 0.63 12.43 Nov 11.25 19.17 22.52 3.32 39.98 0.63 12.34 Southeast Asia 9/ Oct 3.68 0.00 24.60 6.95 23.80 1.15 3.33 Nov 3.68 0.00 24.30 6.75 23.60 1.12 3.26 Selected Other India Oct 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Nov 9.50 110.55 0.10 5.50 108.65 0.50 11.00 Kazakhstan Oct 3.10 13.00 2.00 1.50 6.60 10.00 1.50 Nov 3.27 12.00 2.00 1.00 5.95 10.00 1.32 United Kingdom Oct 2.50 14.75 2.00 7.10 15.20 1.90 2.15 Nov 2.50 14.30 2.00 6.90 15.00 1.90 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.04 1,501.77 230.10 907.26 1,487.03 253.83 337.78 World Less China 115.59 1,220.92 188.60 679.44 1,167.00 253.82 128.01 United States 34.01 397.71 2.59 148.79 326.22 70.52 37.58 Total Foreign 289.03 1,104.06 227.51 758.48 1,160.81 183.31 300.20 Major Exporters 4/ 19.40 332.29 9.77 138.66 185.03 149.16 27.28 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.43 13.56 32.93 8.69 Major Importers 5/ 36.04 248.24 138.71 285.32 369.66 15.33 38.01 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.22 30.90 17.31 41.11 49.48 0.64 3.31 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.78 1,447.12 213.17 891.07 1,455.92 220.69 328.99 World Less China 128.01 1,161.62 180.55 661.12 1,134.77 220.65 122.29 United States 37.58 358.10 3.25 144.31 316.90 45.04 37.00 Total Foreign 300.20 1,089.03 209.92 746.76 1,139.02 175.64 291.99 Major Exporters 4/ 27.28 327.11 4.39 135.70 183.87 146.30 28.61 Argentina 2.63 40.72 0.01 8.95 14.88 26.70 1.78 Australia 3.61 18.66 0.00 5.72 7.60 10.40 4.28 Brazil 4.50 141.60 1.92 66.55 80.19 57.02 10.81 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.69 33.93 0.02 6.70 9.67 29.81 3.16 Major Importers 5/ 38.01 229.77 136.47 274.73 357.44 12.98 33.81 European Union 6/ 18.62 132.94 25.84 112.11 151.83 10.90 14.67 Japan 1.56 0.25 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 19.68 32.78 52.45 0.20 4.84 N. Afr & Mideast 7/ 6.43 31.39 33.16 56.01 64.03 1.08 5.87 Saudi Arabia 1.41 0.14 7.91 7.71 8.05 0.00 1.41 Southeast Asia 8/ 3.31 30.93 17.82 39.65 48.15 0.80 3.11 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.77 285.50 32.62 229.95 321.15 0.04 206.70 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 326.74 1,494.55 225.75 910.80 1,483.08 235.55 338.22 Nov 328.99 1,499.31 228.22 914.12 1,487.17 238.30 341.12 World Less China Oct 120.30 1,209.25 187.05 674.10 1,155.13 235.53 135.74 Nov 122.29 1,214.01 190.12 678.02 1,159.82 238.27 138.39 United States Oct 37.00 396.91 2.69 146.06 322.39 57.76 56.44 Nov 37.00 400.26 2.69 147.08 324.04 58.40 57.51 Total Foreign Oct 289.75 1,097.65 223.07 764.75 1,160.69 177.79 281.78 Nov 291.99 1,099.04 225.54 767.05 1,163.14 179.90 283.61 Major Exporters 4/ Oct 27.54 329.09 4.11 137.32 186.31 148.75 25.68 Nov 28.61 333.04 5.11 139.71 189.31 150.35 27.10 Argentina Oct 1.81 63.58 0.01 11.61 17.77 45.70 1.93 Nov 1.78 63.28 0.01 11.61 17.77 45.50 1.80 Australia Oct 3.49 13.04 0.00 5.71 7.59 7.16 1.78 Nov 4.28 13.04 0.00 6.11 7.99 7.16 2.17 Brazil Oct 10.89 134.33 1.70 68.28 83.31 55.03 8.58 Nov 10.81 134.33 1.70 68.28 83.31 55.03 8.50 Canada Oct 3.72 26.38 2.25 15.54 23.39 5.88 3.08 Nov 3.72 26.38 3.25 16.54 24.39 5.88 3.08 Russia Oct 2.32 39.80 0.10 21.25 30.25 10.21 1.77 Nov 2.32 42.20 0.10 22.25 31.55 11.31 1.77 Ukraine Oct 3.17 34.57 0.02 7.51 10.09 21.37 6.31 Nov 3.16 36.42 0.02 7.51 10.09 22.07 7.45 Major Importers 5/ Oct 33.26 235.16 142.38 282.94 366.74 12.28 31.79 Nov 33.81 233.11 144.53 283.45 367.23 12.78 31.45 European Union 6/ Oct 14.56 136.25 25.98 112.00 152.24 10.59 13.95 Nov 14.67 136.13 26.68 112.62 152.86 10.59 14.02 Japan Oct 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Nov 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Oct 4.19 33.24 18.73 32.50 52.32 0.30 3.54 Nov 4.84 32.31 19.53 33.09 52.89 0.30 3.49 N. Afr & Mideast 7/ Oct 6.06 33.92 36.47 61.68 69.88 0.77 5.81 Nov 5.87 33.12 37.12 61.18 69.38 1.27 5.47 Saudi Arabia Oct 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Nov 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Southeast Asia 8/ Oct 3.06 31.11 18.81 40.75 49.30 0.61 3.06 Nov 3.11 30.91 18.81 40.55 49.10 0.61 3.11 South Korea Oct 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Nov 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Oct 206.45 285.30 38.70 236.70 327.95 0.03 202.47 Nov 206.70 285.30 38.10 236.10 327.35 0.03 202.73 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.97 1,217.27 184.44 744.54 1,199.90 206.59 310.34 World Less China 87.27 944.72 162.56 535.54 908.90 206.59 101.20 United States 31.36 382.89 0.62 145.46 317.09 62.80 34.98 Total Foreign 261.62 834.38 183.83 599.08 882.81 143.79 275.37 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.86 117.60 16.24 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.63 136.78 94.26 165.82 222.25 6.92 23.50 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.30 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.34 1,157.08 172.21 730.64 1,168.20 180.94 299.22 World Less China 101.20 879.88 153.50 512.64 869.20 180.94 93.18 United States 34.98 348.37 0.98 140.96 307.55 42.20 34.58 Total Foreign 275.37 808.71 171.23 589.67 860.65 138.75 264.64 Major Exporters 4/ 16.24 230.93 1.38 89.80 114.90 116.70 16.95 Argentina 1.80 34.00 0.01 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.30 62.50 75.00 57.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.80 2.25 Ukraine 7.59 27.00 0.02 4.00 5.20 27.00 2.41 Major Importers 5/ 23.50 118.87 95.10 157.40 212.80 5.00 19.67 Egypt 1.56 7.44 6.20 11.20 13.70 0.00 1.50 European Union 6/ 11.39 52.29 23.50 55.50 76.00 4.00 7.18 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 18.80 27.40 45.70 0.20 4.14 Southeast Asia 7/ 3.30 30.88 16.27 38.30 46.55 0.80 3.10 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 298.13 1,214.47 186.92 756.27 1,200.20 196.25 312.40 Nov 299.22 1,220.79 189.87 759.78 1,205.03 199.62 314.99 World Less China Oct 92.31 937.47 163.92 533.27 896.20 196.23 110.60 Nov 93.18 943.79 166.87 536.78 901.03 199.60 112.97 United States Oct 34.58 382.65 0.64 142.25 312.82 51.44 53.62 Nov 34.58 386.97 0.64 143.52 314.72 52.71 54.75 Total Foreign Oct 263.55 831.82 186.28 614.02 887.39 144.82 258.78 Nov 264.64 833.83 189.24 616.26 890.31 146.92 260.23 Major Exporters 4/ Oct 16.64 243.40 1.28 94.60 121.00 123.10 17.21 Nov 16.95 246.30 1.28 94.90 121.60 124.70 18.23 Argentina Oct 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Nov 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Brazil Oct 10.36 129.00 1.20 63.50 77.50 55.00 8.06 Nov 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Russia Oct 0.91 14.60 0.05 9.50 10.60 4.20 0.76 Nov 0.91 16.00 0.05 9.80 10.90 5.30 0.76 South Africa Oct 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Nov 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Ukraine Oct 2.41 28.00 0.02 4.50 5.50 19.50 5.43 Nov 2.41 29.50 0.02 4.50 5.50 20.00 6.43 Major Importers 5/ Oct 19.02 125.95 99.35 164.70 220.85 5.01 18.45 Nov 19.67 124.35 101.65 166.00 222.15 5.01 18.50 Egypt Oct 1.50 7.60 7.50 12.70 15.20 0.00 1.40 Nov 1.50 7.00 8.50 13.10 15.60 0.00 1.40 European Union 6/ Oct 7.19 59.70 24.00 58.60 79.50 4.10 7.29 Nov 7.18 59.80 24.50 59.10 80.00 4.10 7.38 Japan Oct 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Nov 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Oct 3.46 27.40 18.00 27.30 45.70 0.30 2.86 Nov 4.14 26.50 18.80 27.90 46.30 0.30 2.84 Southeast Asia 7/ Oct 3.05 31.06 17.95 40.10 48.40 0.61 3.05 Nov 3.10 30.86 17.95 39.90 48.20 0.61 3.10 South Korea Oct 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Nov 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Oct 1.63 15.30 2.20 9.70 15.20 1.80 2.13 Nov 1.63 15.30 3.20 10.70 16.20 1.80 2.13 China Oct 205.82 277.00 23.00 223.00 304.00 0.02 201.80 Nov 206.04 277.00 23.00 223.00 304.00 0.02 202.02 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2023 WASDE - 642 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.51 514.35 54.45 519.03 56.90 182.82 World Less China 71.01 365.36 48.50 362.67 54.82 69.82 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 186.12 508.26 53.25 514.28 54.25 181.55 Major Exporters 4/ 46.92 197.74 1.76 158.80 43.91 43.71 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.70 7.68 3.53 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.78 242.00 22.46 263.16 2.54 125.54 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.35 6.20 0.00 1.21 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.82 513.36 53.98 521.39 53.93 174.78 World Less China 69.82 367.41 49.59 366.39 52.20 68.18 United States 1.26 5.09 1.27 4.62 2.04 0.96 Total Foreign 181.55 508.26 52.71 516.77 51.89 173.82 Major Exporters 4/ 43.71 200.90 1.86 162.41 42.15 41.92 Burma 0.88 11.80 0.00 10.20 1.40 1.08 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.65 5.50 0.01 3.60 3.60 0.96 Thailand 3.53 20.91 0.05 12.70 8.50 3.29 Vietnam 2.66 26.94 1.80 21.40 8.40 1.60 Major Importers 5/ 125.54 238.74 22.49 263.94 2.16 120.67 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 2.80 35.70 0.00 4.00 Nigeria 2.05 5.36 2.25 7.50 0.00 2.15 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.21 2.02 4.28 6.25 0.00 1.25 Selected Other Brazil 0.90 7.00 0.90 6.90 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.98 3.38 0.05 0.65 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.10 South Korea 1.33 3.76 0.30 3.95 0.06 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2023 WASDE - 642 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 172.86 518.14 49.68 523.53 52.33 167.47 Nov 174.78 517.80 49.81 525.16 52.68 167.42 World Less China Oct 66.26 369.14 46.68 371.43 50.33 62.97 Nov 68.18 368.80 46.81 373.06 50.68 62.92 United States Oct 0.96 7.00 1.24 5.14 2.73 1.33 Nov 0.96 6.98 1.24 5.14 2.73 1.30 Total Foreign Oct 171.90 511.14 48.44 518.39 49.60 166.14 Nov 173.82 510.82 48.57 520.02 49.95 166.12 Major Exporters 4/ Oct 39.98 199.50 1.46 163.15 39.90 37.89 Nov 41.92 199.45 1.46 164.65 39.90 38.28 Burma Oct 1.08 12.00 0.00 10.25 1.80 1.04 Nov 1.08 11.95 0.00 10.25 1.80 0.99 India Oct 33.00 132.00 0.00 115.50 17.50 32.00 Nov 35.00 132.00 0.00 117.00 17.50 32.50 Pakistan Oct 0.96 9.00 0.01 3.70 5.00 1.26 Nov 0.96 9.00 0.01 3.70 5.00 1.26 Thailand Oct 3.29 19.50 0.05 12.50 8.00 2.34 Nov 3.29 19.50 0.05 12.50 8.00 2.34 Vietnam Oct 1.66 27.00 1.40 21.20 7.60 1.26 Nov 1.60 27.00 1.40 21.20 7.60 1.20 Major Importers 5/ Oct 120.62 242.25 19.45 262.20 2.46 117.66 Nov 120.67 241.30 19.90 262.20 2.46 117.21 China Oct 106.60 149.00 3.00 152.10 2.00 104.50 Nov 106.60 149.00 3.00 152.10 2.00 104.50 European Union 6/ Oct 0.85 1.43 2.40 3.50 0.40 0.77 Nov 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Oct 4.00 34.45 1.40 35.80 0.00 4.05 Nov 4.00 33.50 2.00 35.80 0.00 3.70 Nigeria Oct 2.00 5.23 2.00 7.60 0.00 1.63 Nov 2.15 5.23 2.10 7.70 0.00 1.78 Philippines Oct 3.48 12.60 3.80 16.40 0.00 3.48 Nov 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Oct 1.33 2.02 4.50 6.55 0.00 1.29 Nov 1.25 2.02 4.50 6.55 0.00 1.22 Selected Other Brazil Oct 0.70 6.80 0.95 6.80 1.00 0.65 Nov 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Oct 0.64 1.53 1.82 3.32 0.04 0.64 Nov 0.65 1.53 1.82 3.33 0.04 0.63 Egypt Oct 0.66 3.78 0.35 4.10 0.01 0.68 Nov 0.60 3.78 0.35 4.10 0.01 0.63 Japan Oct 1.80 7.30 0.69 8.06 0.12 1.60 Nov 1.80 7.30 0.69 8.06 0.12 1.60 Mexico Oct 0.10 0.17 0.85 1.00 0.01 0.10 Nov 0.10 0.15 0.85 1.00 0.01 0.09 South Korea Oct 1.39 3.61 0.42 3.98 0.06 1.39 Nov 1.39 3.68 0.42 3.93 0.10 1.47 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2023 WASDE - 642 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.65 114.55 42.71 115.93 43.20 -0.60 76.39 World Less China 40.36 87.75 34.87 82.18 43.08 -0.60 38.32 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.50 97.03 42.71 113.38 28.71 -0.20 72.34 Major Exporters 4/ 25.69 54.41 1.70 34.32 24.46 -0.20 23.22 Central Asia 5/ 3.03 5.09 0.06 4.28 1.47 0.00 2.43 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.63 0.19 4.38 12.47 -0.19 10.93 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.69 75.17 2.94 0.00 46.72 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.39 116.65 37.24 110.92 37.03 -0.72 83.04 World Less China 38.32 85.95 31.01 73.42 36.94 -0.72 45.64 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.34 102.18 37.24 108.87 24.27 -0.18 78.79 Major Exporters 4/ 23.22 56.14 2.40 32.22 19.97 -0.19 29.76 Central Asia 5/ 2.43 5.63 0.03 3.84 1.13 0.00 3.12 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.90 0.00 1.17 S. Hemis. 7/ 10.93 19.64 0.14 4.21 13.40 -0.19 13.30 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.72 42.88 32.41 72.92 3.01 0.02 46.07 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.33 0.15 6.55 7.10 0.00 0.00 1.93 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2023 WASDE - 642 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 82.84 112.60 43.23 115.79 43.24 -0.28 79.92 Nov 83.04 113.46 43.30 115.30 43.31 -0.31 81.50 World Less China Oct 45.43 85.60 33.23 78.29 43.14 -0.28 43.12 Nov 45.64 86.46 32.80 77.80 43.21 -0.31 44.20 United States Oct 4.25 12.82 0.01 2.15 12.20 -0.08 2.80 Nov 4.25 13.09 0.01 2.05 12.20 -0.11 3.20 filler filler filler filler filler filler filler Total Foreign Oct 78.59 99.79 43.22 113.64 31.04 -0.20 77.12 Nov 78.79 100.37 43.30 113.25 31.11 -0.20 78.30 Major Exporters 4/ Oct 29.62 57.32 2.04 33.22 27.30 -0.20 28.67 Nov 29.76 57.54 2.04 33.30 27.00 -0.20 29.26 Central Asia 5/ Oct 3.11 5.19 0.10 4.19 1.38 0.00 2.83 Nov 3.12 5.19 0.10 4.19 1.38 0.00 2.85 Afr. Fr. Zone 6/ Oct 1.16 4.92 3/ 0.10 4.73 0.00 1.25 Nov 1.17 4.92 3/ 0.10 4.61 0.00 1.38 S. Hemis. 7/ Oct 13.30 21.74 0.17 4.36 18.79 -0.20 12.25 Nov 13.30 21.96 0.17 4.36 18.89 -0.20 12.37 Australia Oct 4.78 5.10 3/ 0.01 5.70 -0.20 4.37 Nov 4.77 5.10 3/ 0.01 5.70 -0.20 4.36 filler filler filler filler filler filler filler Brazil Oct 5.76 14.56 0.02 3.30 11.80 0.00 5.24 Nov 5.76 14.56 0.02 3.30 11.80 0.00 5.24 India Oct 11.72 25.00 1.30 24.00 2.00 0.00 12.02 Nov 11.82 25.00 1.30 24.00 1.80 0.00 12.32 Major Importers 8/ Oct 46.07 39.39 38.72 76.43 2.20 0.00 45.55 Nov 46.07 39.26 38.79 75.95 2.30 0.00 45.88 Mexico Oct 0.43 1.10 0.85 1.75 0.30 0.00 0.33 Nov 0.43 1.05 0.85 1.70 0.30 0.00 0.33 China Oct 37.40 27.00 10.00 37.50 0.10 0.00 36.80 Nov 37.40 27.00 10.50 37.50 0.10 0.00 37.30 European Union 9/ Oct 0.39 1.13 0.59 0.61 1.20 0.00 0.29 Nov 0.39 1.05 0.59 0.61 1.15 0.00 0.27 Turkey Oct 2.63 3.50 4.40 8.00 0.50 0.00 2.03 Nov 2.63 3.50 4.30 7.90 0.65 0.00 1.88 Pakistan Oct 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Nov 1.53 6.50 4.20 10.00 0.08 0.00 2.15 Indonesia Oct 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Nov 0.36 3/ 2.30 2.20 0.01 0.00 0.46 Thailand Oct 0.14 3/ 0.73 0.73 0.00 0.00 0.14 Nov 0.14 3/ 0.68 0.68 0.00 0.00 0.14 Bangladesh Oct 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Nov 1.93 0.16 7.70 7.70 0.00 0.00 2.09 Vietnam Oct 1.05 3/ 6.90 6.90 0.00 0.00 1.05 Nov 1.05 3/ 6.70 6.70 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2023 WASDE - 642 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.26 360.43 155.58 314.50 363.97 154.25 98.06 World Less China 69.41 344.04 65.08 226.60 255.57 154.15 68.81 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.27 238.91 155.15 254.52 301.05 95.68 90.60 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.06 372.24 165.11 313.43 364.15 170.95 100.31 World Less China 68.81 351.96 64.26 218.43 247.65 170.86 66.53 United States 7.47 116.22 0.67 60.20 62.84 54.21 7.30 Total Foreign 90.60 256.02 164.44 253.23 301.30 116.74 93.01 Major Exporters 3/ 51.93 192.75 9.32 86.45 96.75 106.27 50.98 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 158.00 0.16 53.00 56.80 95.51 33.44 Paraguay 0.18 9.05 0.01 3.05 3.18 5.80 0.26 Major Importers 4/ 32.11 23.73 132.50 122.70 151.68 0.33 36.34 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.35 14.35 15.93 0.23 1.43 Southeast Asia 5/ 0.64 0.49 8.53 4.10 8.91 0.02 0.73 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Oct 101.89 399.50 165.75 328.49 383.28 168.24 115.62 Nov 100.31 400.42 165.75 329.47 383.68 168.29 114.51 World Less China Oct 65.09 379.00 65.75 231.49 263.28 168.14 78.42 Nov 66.53 379.92 65.75 231.47 263.18 168.19 80.83 United States Oct 7.30 111.70 0.82 62.60 66.08 47.76 5.98 Nov 7.30 112.39 0.82 62.60 66.06 47.76 6.68 Total Foreign Oct 94.59 287.80 164.93 265.90 317.20 120.48 109.65 Nov 93.01 288.04 164.93 266.87 317.62 120.53 107.83 Major Exporters 3/ Oct 49.28 223.90 6.18 93.85 105.34 110.50 63.53 Nov 50.98 223.90 6.18 93.85 105.34 110.50 65.23 Argentina Oct 17.50 48.00 5.70 34.50 41.75 4.60 24.85 Nov 17.21 48.00 5.70 34.50 41.75 4.60 24.56 Brazil Oct 31.45 163.00 0.45 55.75 59.70 97.50 37.70 Nov 33.44 163.00 0.45 55.75 59.70 97.50 39.69 Paraguay Oct 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Nov 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Major Importers 4/ Oct 39.61 24.51 133.64 126.28 157.14 0.42 40.21 Nov 36.34 24.45 133.64 127.15 157.51 0.42 36.50 China Oct 36.80 20.50 100.00 97.00 120.00 0.10 37.20 Nov 33.79 20.50 100.00 98.00 120.50 0.10 33.69 European Union Oct 1.43 3.05 13.80 15.00 16.59 0.30 1.39 Nov 1.43 3.07 13.80 15.00 16.59 0.30 1.40 Southeast Asia 5/ Oct 0.84 0.47 9.94 5.13 10.26 0.02 0.98 Nov 0.73 0.47 9.94 5.03 10.16 0.02 0.97 Mexico Oct 0.33 0.24 6.40 6.50 6.56 0.00 0.41 Nov 0.22 0.16 6.40 6.50 6.56 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2023 WASDE - 642 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.54 246.75 67.32 244.99 68.84 16.78 World Less China 15.76 177.14 67.27 175.36 68.35 16.44 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 16.23 199.75 66.73 209.65 56.56 16.50 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.40 22.60 38.56 59.95 1.12 2.48 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.43 0.33 1.64 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.78 246.46 62.75 245.88 66.43 13.69 World Less China 16.44 171.22 62.71 171.93 65.64 12.81 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.50 198.84 62.18 211.04 53.13 13.35 Major Exporters 3/ 7.10 72.96 0.12 30.40 43.93 5.85 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.07 0.01 20.30 21.36 3.30 India 0.42 8.24 0.05 6.70 1.83 0.19 Major Importers 4/ 2.48 21.75 36.63 58.26 0.99 1.62 European Union 0.60 11.34 15.95 26.79 0.73 0.37 Mexico 0.15 5.26 1.67 6.95 0.00 0.13 Southeast Asia 5/ 1.64 3.20 17.48 20.97 0.26 1.09 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 13.41 257.88 66.76 252.94 69.73 15.38 Nov 13.69 258.63 66.78 253.63 69.79 15.69 World Less China Oct 12.53 181.05 66.71 176.99 68.73 14.58 Nov 12.81 181.02 66.73 176.88 68.79 14.90 United States Oct 0.32 49.15 0.54 35.77 13.88 0.36 Nov 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Oct 13.09 208.73 66.22 217.17 55.85 15.02 Nov 13.35 209.50 66.24 217.86 55.91 15.33 Major Exporters 3/ Oct 5.47 77.72 0.12 31.20 46.00 6.11 Nov 5.85 77.72 0.12 31.20 46.00 6.48 Argentina Oct 2.12 26.91 0.01 3.45 23.40 2.19 Nov 2.36 26.91 0.01 3.45 23.40 2.43 Brazil Oct 3.17 43.21 0.01 20.70 22.00 3.69 Nov 3.30 43.21 0.01 20.70 22.00 3.82 India Oct 0.19 7.60 0.10 7.05 0.60 0.24 Nov 0.19 7.60 0.10 7.05 0.60 0.24 Major Importers 4/ Oct 1.66 22.98 37.78 59.16 0.97 2.28 Nov 1.62 22.89 37.83 59.12 0.96 2.26 European Union Oct 0.35 11.85 15.80 26.89 0.65 0.46 Nov 0.37 11.85 15.80 26.89 0.65 0.47 Mexico Oct 0.18 5.14 2.00 7.13 0.02 0.18 Nov 0.13 5.14 2.05 7.13 0.00 0.19 Southeast Asia 5/ Oct 1.07 4.00 18.38 21.56 0.31 1.58 Nov 1.09 3.92 18.38 21.54 0.31 1.54 China Oct 0.88 76.82 0.05 75.95 1.00 0.81 Nov 0.88 77.62 0.05 76.75 1.00 0.79 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2023 WASDE - 642 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.52 59.27 11.54 59.22 12.25 4.85 World Less China 4.40 43.52 11.25 42.52 12.14 4.49 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.55 47.41 11.40 47.96 11.45 3.94 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.77 18.90 6.64 26.16 0.28 0.87 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.85 59.03 10.63 58.25 11.39 4.87 World Less China 4.49 42.01 10.22 41.50 11.27 3.95 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.94 47.13 10.46 46.18 11.22 4.14 Major Exporters 3/ 1.49 19.51 0.66 12.18 8.26 1.22 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.21 0.03 7.68 2.69 0.28 European Union 0.55 2.73 0.63 2.39 0.93 0.59 Major Importers 4/ 0.87 20.02 6.28 25.29 0.18 1.70 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.90 5.40 0.02 0.53 North Africa 5/ 0.31 0.87 1.29 2.18 0.05 0.24 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 4.96 61.75 10.76 60.56 11.70 5.21 Nov 4.87 61.93 10.79 60.85 11.50 5.24 World Less China Oct 3.98 44.37 10.36 42.96 11.50 4.25 Nov 3.95 44.37 10.39 43.15 11.30 4.25 United States Oct 0.80 12.26 0.18 12.29 0.16 0.79 Nov 0.73 12.26 0.18 12.29 0.16 0.72 Total Foreign Oct 4.16 49.50 10.58 48.27 11.54 4.43 Nov 4.14 49.67 10.61 48.56 11.34 4.52 Major Exporters 3/ Oct 1.24 21.06 0.43 13.14 8.34 1.25 Nov 1.22 21.06 0.43 13.34 8.14 1.23 Argentina Oct 0.35 6.81 0.00 2.35 4.40 0.41 Nov 0.33 6.81 0.00 2.35 4.40 0.39 Brazil Oct 0.27 10.73 0.03 8.45 2.25 0.33 Nov 0.28 10.73 0.03 8.45 2.25 0.33 European Union Oct 0.59 2.85 0.40 2.27 1.10 0.48 Nov 0.59 2.85 0.40 2.47 0.90 0.48 Major Importers 4/ Oct 1.71 20.40 5.87 26.01 0.28 1.70 Nov 1.70 20.58 5.87 26.11 0.28 1.77 China Oct 0.98 17.38 0.40 17.60 0.20 0.96 Nov 0.92 17.56 0.40 17.70 0.20 0.98 India Oct 0.53 1.71 3.30 5.10 0.02 0.42 Nov 0.53 1.71 3.30 5.10 0.02 0.42 North Africa 5/ Oct 0.19 0.98 1.44 2.32 0.05 0.25 Nov 0.24 0.98 1.44 2.32 0.05 0.30 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. November 2023 WASDE - 642 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,545 1,410 13,105 26,453 2,287 58.1 III 6,621 6,488 13,151 11,665 1,352 13,161 26,312 2,327 56.1 IV* 6,780 7,065 13,890 11,450 1,390 12,975 26,865 2,355 56.1 Annual Oct Proj. 26,976 27,289 54,441 46,494 5,548 52,620 107,061 9,178 227.6 Nov Proj. 26,932 27,217 54,325 46,209 5,500 52,280 106,605 9,179 227.1 2024 I* 6,600 7,070 13,715 11,450 1,375 12,965 26,680 2,330 57.5 II* 6,545 6,520 13,109 11,650 1,390 13,185 26,294 2,360 58.4 III* 6,365 6,730 13,140 11,850 1,390 13,385 26,525 2,365 57.2 Annual Oct Proj. 25,275 27,895 53,345 47,110 5,640 53,315 106,660 9,455 230.4 Nov Proj. 25,810 27,730 53,719 46,650 5,595 52,810 106,529 9,445 230.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV* 185.00 55.00 116.0 110.0 183.0 22.20 Annual Oct Proj. 177.30 59.70 124.0 144.9 183.1 20.70 Nov Proj. 177.30 58.95 123.8 142.4 192.6 20.70 2024 I* 185.00 57.00 121.0 128.0 160.0 21.25 II* 184.00 63.00 127.0 136.0 135.0 20.25 III* 182.00 65.00 124.0 142.0 130.0 20.10 Annual Oct Proj. 185 61 122 138 145 20.55 Nov Proj. 185 60 124 137 145 20.80 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. November 2023 WASDE - 642 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Oct 723 27,044 3,617 31,385 3,034 600 27,751 57.9 Nov 723 27,000 3,653 31,377 3,035 615 27,727 57.9 2024 Proj. Oct 600 25,343 3,650 29,593 2,845 600 26,148 54.3 Nov 615 25,878 3,690 30,183 2,845 560 26,778 55.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Oct 504 27,304 1,125 28,933 6,761 480 21,693 50.2 Nov 504 27,232 1,134 28,870 6,734 465 21,672 50.2 2024 Proj. Oct 480 27,910 1,175 29,565 6,950 465 22,150 51.0 Nov 465 27,745 1,175 29,385 6,950 450 21,985 50.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Oct 1,256 54,535 5,033 60,823 9,800 1,112 49,912 109.4 Nov 1,256 54,418 5,078 60,752 9,773 1,112 49,867 109.3 2024 Proj. Oct 1,112 53,438 5,185 59,734 9,801 1,092 48,842 106.7 Nov 1,112 53,812 5,225 60,148 9,801 1,037 49,311 107.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Oct 892 45,996 118 47,006 7,303 870 38,834 99.5 Nov 892 45,714 130 46,737 7,180 850 38,707 99.2 2024 Proj. Oct 870 46,606 134 47,610 7,380 890 39,340 100.2 Nov 850 46,151 164 47,165 7,270 860 39,035 99.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Oct 190 5,548 50 5,788 455 195 5,138 15.3 Nov 190 5,500 46 5,736 475 190 5,071 15.1 2024 Proj. Oct 195 5,640 79 5,914 480 200 5,234 15.5 Nov 190 5,595 72 5,857 465 200 5,192 15.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Oct 1,087 52,122 170 53,379 7,782 1,071 44,526 116.5 Nov 1,087 51,785 180 53,053 7,677 1,046 44,330 115.9 2024 Proj. Oct 1,071 52,810 219 54,100 7,884 1,096 45,120 117.4 Nov 1,046 52,310 242 53,598 7,759 1,066 44,773 116.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Oct 2,343 106,656 5,203 114,202 17,582 2,183 94,438 225.8 Nov 2,343 106,204 5,258 113,805 17,451 2,158 94,197 225.2 2024 Proj. Oct 2,183 106,248 5,404 113,835 17,685 2,188 93,962 224.0 Nov 2,158 106,122 5,467 113,747 17,560 2,103 94,084 224.1 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2023 WASDE - 642 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 23.0 23.0 Production 9,297.9 9,073.8 9,178.4 9,178.8 9,455.0 9,445.0 Imports 18.2 26.0 30.0 29.3 28.0 30.0 Total Supply 9,340.6 9,118.9 9,227.1 9,226.8 9,506.0 9,498.0 Use Exports 392.1 226.5 249.2 242.0 245.0 238.0 Hatching Use 1,103.9 1,116.4 1,118.3 1,111.8 1,130.0 1,120.0 Ending Stocks 19.1 18.8 23.0 23.0 19.5 19.5 Disappearance Total 7,825.4 7,757.2 7,836.7 7,850.1 8,111.5 8,120.5 Per Capita (number) 282.5 279.0 280.5 280.9 288.7 289.0 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 226.3 226.5 227.6 227.1 230.4 230.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.5 14.3 Marketings 225.3 225.5 226.6 226.1 229.4 229.1 Imports 6.5 7.1 7.4 7.4 7.5 7.6 Total Supply 247.4 246.9 248.4 247.8 251.4 251.0 Fat Basis Use Exports 11.5 13.4 11.0 10.9 12.0 11.6 Ending Stocks 14.3 14.4 14.5 14.3 14.6 14.3 Domestic Use 221.6 219.1 222.9 222.7 224.8 225.1 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 11.9 11.7 Marketings 225.3 225.5 226.6 226.1 229.4 229.1 Imports 5.8 6.7 6.6 6.5 6.7 6.7 Total Supply 241.9 243.3 244.8 244.3 248.1 247.4 Skim -solid Basis Use Exports 50.6 52.9 49.5 49.8 52.9 53.1 Ending Stocks 11.1 11.7 11.9 11.7 12.0 11.7 Domestic Use 180.2 178.7 183.4 182.8 183.1 182.6 Total Note: Totals may not add due to rounding. November 2023 WASDE - 642 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.770 1.770 1.805 1.825 Butter 1.7325 2.8665 2.660 2.645 2.655 2.590 Nonfat Dry Milk 1.2693 1.6851 1.175 1.180 1.130 1.170 Dry Whey 0.5744 0.6057 0.345 0.360 0.315 0.375 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.05 17.10 17.20 17.70 Class IV 16.09 24.47 19.25 19.20 18.80 18.85 All Milk 3/ 18.53 25.34 20.70 20.70 20.55 20.80 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. November 2023 WASDE - 642 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1. 9 percent. The average difference between the November projection and the final estimate is 5.3 million tons, ranging from 0.1 million to 18.1 million tons. The November projection has been below the estimate 31 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 1.9 5.3 0.1 18.1 31 11 U.S. 0.4 0.7 0.1 0.0 1.2 21 13 Foreign 1.3 2.2 5.3 0.0 18.2 31 11 Exports World 5.6 9.4 6.2 0.2 19.2 34 8 U.S. 7.3 12.3 1.9 0.2 8.6 19 23 Foreign 6.8 11.5 6.1 0.3 17.2 37 5 Domestic Use World 1.4 2.4 6.3 0.0 28.5 26 15 U.S. 5.8 9.8 1.5 0.1 3.6 12 30 Foreign 1.5 2.5 6.5 0.5 28.7 29 13 Ending Stocks World 6.2 10.4 8.2 0.2 32.1 31 11 U.S. 11.0 18.6 2.0 0.2 7.0 27 15 Foreign 6.3 10.7 7.0 0.6 31.2 30 12 COARSE GRAINS 2/ Production World 1.5 2.6 13.3 0.2 47.3 31 11 U.S. 1.3 2.3 2.6 0.0 9.9 19 23 Foreign 2.1 3.6 13.1 0.2 48.8 31 11 Exports World 6.5 10.9 6.4 0.1 29.7 28 14 U.S. 16.1 27.1 5.9 0.4 14.7 21 21 Foreign 11.9 20.0 7.0 0.3 23.5 29 13 Domestic Use World 1.3 2.2 10.6 0.2 41.9 24 18 U.S. 3.5 5.9 5.0 0.2 17.2 20 22 Foreign 1.5 2.6 9.7 0.3 42.2 26 16 Ending Stocks World 11.9 20.0 12.0 0.3 39.6 34 8 U.S. 20.3 34.2 7.5 0.6 23.9 23 19 Foreign 15.5 26.1 10.6 0.2 31.1 37 5 RICE, milled Production World 2.0 3.4 5.8 0.1 16.8 35 7 U.S. 2.8 4.7 0.1 0.0 0.5 20 19 Foreign 2.1 3.5 5.8 0.2 16.9 35 7 Exports World 9.1 15.4 2.0 0.1 6.0 33 9 U.S. 9.3 15.7 0.2 0.0 0.7 20 19 Foreign 10.4 17.5 2.0 0.0 6.1 31 11 Domestic Use World 1.6 2.8 4.0 0.1 17.5 35 7 U.S. 8.1 13.7 0.2 0.0 0.6 23 19 Foreign 1.7 2.8 4.0 0.0 17.7 36 6 Ending Stocks World 10.3 17.3 5.3 0.1 24.6 34 8 U.S. 22.5 37.9 0.2 0.0 0.8 23 19 Foreign 10.6 17.9 5.4 0.1 24.4 34 8 1/ Footnotes at end of table. CONTINUED November 2023 WASDE - 642 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.1 6.9 6.7 0.0 28.3 24 18 U.S. 2.1 3.6 1.2 0.1 4.7 18 24 Foreign 6.7 11.2 6.5 0.0 29.4 21 21 Exports World 7.3 12.2 4.0 0.0 17.9 26 16 U.S. 9.7 16.4 2.4 0.1 7.1 26 16 Foreign 17.8 29.9 3.6 0.1 20.8 21 21 Domestic Use World 2.9 4.9 4.7 0.0 16.5 23 19 U.S. 3.5 6.0 1.3 0.0 3.8 28 14 Foreign 3.6 6.0 4.4 0.2 14.9 23 19 Ending Stocks World 15.7 26.5 4.6 0.0 18.4 22 20 U.S. 46.7 78.6 2.2 0.1 7.3 12 30 Foreign 16.7 28.1 4.1 0.1 18.2 23 19 COTTON Million 480 -Pound Bales Production World 3.5 6.0 2.5 0.1 9.3 24 18 U.S. 4.0 6.7 0.5 0.0 2.5 20 21 Foreign 4.1 6.8 2.4 0.1 8.9 25 17 Exports World 8.2 13.9 2.2 0.1 10.3 26 16 U.S. 16.5 27.8 1.1 0.1 3.2 25 17 Foreign 10.9 18.3 1.7 0.0 8.9 21 20 Domestic Use World 4.6 7.7 3.2 0.0 19.4 19 22 U.S. 9.5 16.0 0.3 0.0 1.1 20 22 Foreign 4.6 7.7 3.1 0.0 18.6 20 22 Ending Stocks World 11.9 20.1 5.2 0.3 18.4 25 17 U.S. 36.6 61.7 1.2 0.1 4.1 16 26 Foreign 12.6 21.3 4.9 0.0 17.3 27 15 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain November 2023 WASDE - 642 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.3 97 0 396 20 21 Exports 16.5 27.8 208 9 575 19 23 Domestic Use 3.7 6.2 190 3 574 25 17 Ending Stocks 23.0 38.7 295 17 986 21 21 SORGHUM Production 5.7 9.5 15 1 53 21 21 Exports 22.2 37.3 33 0 123 23 18 Domestic Use 19.4 32.7 34 0 127 19 22 Ending Stocks 47.2 79.5 24 0 104 15 26 BARLEY Production 1.5 2.6 4 0 24 20 10 Exports 50.4 84.8 9 0 37 16 21 Domestic Use 8.3 13.9 17 0 70 17 24 Ending Stocks 15.0 25.3 13 0 38 25 15 OATS Production 1.1 1.8 2 0 18 8 9 Exports 68.8 115.9 1 0 7 11 10 Domestic Use 5.4 9.0 11 1 39 16 26 Ending Stocks 20.1 33.8 13 1 52 28 14 SOYBEAN MEAL Thousand Short Tons Production 3.5 5.9 1,031 14 3,250 26 16 Exports 11.1 18.8 718 0 3,600 23 16 Domestic Use 3.3 5.5 745 30 2,350 20 22 Ending Stocks 27.0 45.5 41 0 249 15 13 SOYBEAN OIL Million Pounds Production 3.8 6.3 508 40 2,240 29 13 Exports 48.6 81.8 396 0 1,425 22 19 Domestic Use 3.7 6.3 477 56 1,828 27 15 Ending Stocks 22.5 37.9 330 0 1,077 22 19 ANIMAL PROD. Million Pounds Beef 3.7 6.2 768 92 2,461 28 13 Pork 3.1 5.2 417 2 1,592 21 20 Broilers 1.8 3.0 402 17 1,394 25 16 Turkeys 3.6 6.1 143 2 496 21 20 Million Dozen Eggs 2.1 3.6 124 2 513 26 15 Billion Pounds Milk 1.5 2.5 1.9 0.1 6.0 20 21 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 642-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Registration is Now Open! Register T oday For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -642 – November 9, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 618 Approved by the World Agricultural Outlook Board November 9, 2021 WHEAT: The outlook for 2021/22 U.S. wheat this month is for lower supplies, higher domestic use, reduced exports, and slightly higher ending stocks. Supplies are reduced on lower anticipated imports, down 10 million bushels to 115 million on a continued weak imp ort pace. Higher anticipated seed use for the 2022/23 crop more than offsets lower expected food use driven by a slower -than-expected pace of flour milling as reported in the quarterly NASS Flour Milling Products report. As a result, total domestic use i s projected 2 million bushels higher at 1,163 million. Exports are lowered 15 million bushels to 860 million, on lower anticipated exports of Hard Red Spring and White wheat based on high domestic prices and muted export sales. Projected 2021/22 ending s tocks are raised slightly to 583 million bushels, up 3 million from last month’s forecast but still the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season- average farm price is raised $0.20 per bushel to $6.90 on reported NASS prices to date and expectations on cash and futures prices for the remainder of the marketing year. The global wheat outlook for 2021/22 is for reduced supplies, slightly higher consumption, increased trade, and lower ending stocks. Supplies are projected down by 1.0 million tons to 1,063.2 million based on decreases in beginning stocks and production. World production is lowered 0.6 million tons to 775.3 million as decreases in the EU, the UK, and Uzbekistan more than offset an increase for Russia. EU producti on is lowered primarily due to downward revisions in France and Germany that are only partially offset by an increase in production in Romania. Russian wheat production is estimated 2.0 million tons higher to 74.5 million based on Ministry of Agriculture harvest results that lowered harvested area but increased yields for both winter and spring wheat. World consumption is raised 0.4 million tons to 787.2 million, primarily on feed and residual changes as increases for Russia, Iran, and Turkey more than of fset reductions for the EU, the UK, Ukraine, and Uzbekistan. The global forecast for trade is increased 3.5 million tons to a record 203.2 million, primarily on higher exports from the EU, India, Russia, and Ukraine. Projected global ending stocks are down 1.4 million tons to 275.8 million, with Australia, the EU, and India accounting for most of the reduction. COARSE GRAINS: This month’s 2021/22 U.S. corn outlook is for greater production, increased corn used for ethanol, and marginally lower ending stocks. Corn production is forecast at 15.062 billion bushels, up 43 million from last month on a 0.5- bushel increase in yield to a record 177.0 bushels per acre. Corn used for ethanol is raised 50 million bushels, based on September data from the Grain Crushings and Co- Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of October. With use rising slightly more than supply, corn ending stocks are lowered 7 million bushel s. The season -average corn price received by producers is unchanged at $5.45 per bushel. WASDE- 618-2 Global coarse grain production for 2021/22 is forecast 5.1 million tons higher to 1,499.0 million. This month’s 2021/22 foreign coarse grain outlook is for larger production, increased trade, and higher stocks relative to last month. Foreign corn production is forecast higher as increases for Argentina, the EU, and several African countries more than offset a decline for the Philippines. For Argentina, production is raised mostly reflecting increased area expectations for late- planted corn. Corn production in the EU is higher based on increases for Poland, Romania, and France. Foreign barley production is lowered based on declines for Turkey, the EU, Russia, and Ukraine. Corn exports are raised for Argentina and the EU but lowered for Bangladesh. Corn imports are raised for Iran and Thailand but lowered for Nigeria and Turkey. For 2020/21, corn exports for Argentina are raised but reduced for Brazil for the loc al marketing year beginning March 2021, based on shipments observed through October. For 2021/22, barley imports are raised for China and Turkey but reduced for Saudi Arabia. Foreign corn ending stocks are higher relative to last month, reflecting increases for China, Brazil, Burkina Faso, and Angola. Global corn ending stocks, at 304.4 million tons, are up 2.7 million. RICE : The outlook for 2021/22 U.S. rice this month is for increased supplies, higher domestic use, lower exports, and larger ending stocks. Supplies are raised as NASS increased rice production by 3.3 million cwt to 193.8 million, all on higher yields. The all rice yield is forecast at a record 7,756 pounds per acre, up 131 pounds from the previous forecast. Record yields are forecast for Arkansas, California, Mississippi, and Missouri. This increase in supply is partially offset by a reduction in imports, al l long -grain, as monthly Census imports continue to run below last year’s pace. All rice imports are reduced 1.0 million cwt to 35.0 million but remain above last year. Domestic and residual use is raised 1.5 million cwt to 147.5 million on increased sup plies. Exports are reduced by 1.0 million cwt to 90.0 million, all for long -grain on a weaker -than-expected pace of sales and shipments. Projected 2021/22 all rice ending stocks are raised 1.8 million cwt to 35.0 million but are still down 20 percent from last year. The projected 2021/22 all rice season- average farm price is unchanged at $14.80 per cwt and up from a revised $14.00 for 2020/21. The 2021/22 global outlook is for larger supplies, reduced consumption, minimally lower trade, and increased stocks. Rice supplies are raised 3.3 million tons to 699.2 million, primarily on increased beginning stocks for India and higher production for several countries in Sub Saharan Africa. Global 2021/22 consumption is lowered 1.0 million tons to 511.3 million but remains a record as a reduction for India is partially offset by increases for several Sub Saharan Africa countries. World trade is fractionally lower at 49.7 million as higher exports by India are more than offset by reductions for China, Burma, and the EU. India’s exports are raised 0.5 million tons to 19.0 million, which is the second highest on record, following a revised 20.2 million for 2020/21. Projected 2021/22 world ending stocks are raised 4.3 million tons to a record 187.9 million, prim arily on increases for China and India, which account for 60 and 20 percent of global stocks, respectively. OILSEEDS : The U.S. soybean outlook for 2021/22 is for lower production and exports, and higher ending stocks. Soybean production is forecast at 4.42 billion bushels, down 23 million on lower yields. Lower yields in Indiana, Iowa, Ohio, and Kansas account for most of the change in production. Exports are reduced this month reflecting reduced global imports and lower -than-expected shipments through October. With use falling more than supply, soybean ending stocks are raised 20 million bushels. WASDE- 618-3 The U.S. season -average soybean price for 2020/21 is forecast at $12.10 per bushel, down 25 cents. Soybean meal and oil prices are unchanged at $325.00 per short ton and 65.0 cents per pound, respectively. Global 2021/22 soybean production is reduced 1.1 million tons to 384.0 million as lower production for the United States and Argentina is partly offset by higher Indian production. Argentina’s production is lowered 1.5 million tons to 49.5 million on a lower harvested area. Production for India is raised 0.9 million tons to 11.9 million based on data from the Soybean Processors Association of India. Global soybean exports are lowered 1.0 million tons to 172.1 million, with lower exports for Argentina and the United States partly offset by higher exports for Brazil and India. With lower exports, China’s imports are reduced 1.0 million tons to 100 million. Global soybean stocks are reduced 0.8 million tons to 103.8 million as lower stocks for Argentina and China are partly offset by higher U.S. stocks. SUGAR: U.S. beet sugar production for 2020/21 is increased by 60,682 short tons, raw value (STRV) to 5.092 million on higher -than-expected beet sugar production in September. Beet sugar production for 2021/22 is increased by 65,544 STRV to 5.413 million on processors’ forecast of beet sugar production from slicing (increase of 112,372 STRV) less adjustments made for August -September production in 2021 and projected 2022 (decrease of 46,829 STRV). Cane sugar production in Louisiana is decreased by 20,021 STRV on a lower cr op yield forecast by NASS, a slightly lower sucrose recovery forecast by processors, and adjustments made for September production in 2021 and 2022. Imports for 2020/21 are reduced by 56,719 STRV to 3.195 million on final trade data for September 2021 from U.S. Customs and Border Protection and U.S. Census. On October 29, 2021 the USDA extended the period for the entry of 2020/21 raw cane TRQ sugar to December 31, 2021, and on November 3, USTR announced a reallocation of 29,442 metric tons, raw value from countries stating they do not intend to export their assigned quota. It is estimated that an additional 19,842 STRV will enter as a consequence of these two actions. The 2020/21 raw sugar shortfall decreases from 74,957 STRV last month to 55,116. High- tier tariff imports for 2021/22 are increased by 25,000 STRV after the importation of high- tier tariff raw sugar in October by a major U.S. refiner. Sugar use for 2021/22 is unchanged from last month but is reduced for 2020/21 by 55,863 STRV. Deliveries for human consumption for 2020/21 are estimated at 12.109 million STRV, a decrease of 90,835 and arguably attributable to challenges faced by refiners after Hurricane Ida. Cane sugar deliveries for September were 9.4 percent below the average of the previous 5 years and at the lowest level since 2011/12. Ending stocks for 2020/21 are reported in Sweetener Market Data at 1,728,209 STRV for an ending stocks -to ratio of 14.0 percent. Ending stocks for 2021/22 are residually projected at 1,765,294 STRV for an ending stocks- to-use ratio of 14.3 percent. Mexico sugar production for 2021/22 is projected at 5.979 million metric tons (MT), an increase of 39,000 over last month due to good moisture in most growing areas. The USDA forecast is about 137,500 MT less than the CONADESUCA forecast made by authorities in Mexico due mainly to differing forecasts of factory yields. Deliveries for 2021/22 are down from last month by 13,962 MT on a continuing decline in human consumption only partially offset by increased deliveries to the IMMEX program for the export of sugar -containing WASDE- 618-4 products. Ending stocks are reduced by only a small amount needed to meet use in 2022/23 before the start of sugar production in mid- November of 2022. Exports are residually increased by 99,314 MT to 1.777 million. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2021 total red meat and poultry production is raised from last month. Beef production is raised from the previous month on higher expected slaughter of fed cattle and heavier carcass weights. The pork production forecast is raised slightly as heavier carcass weights more than offset lower expected slaughter in the fourth quarter. The broiler prod uction forecast is raised on recent hatchery and slaughter data. Turkey production is raised on September production data; no change is made to the fourth quarter production forecast. The egg production forecast is raised on recent production data and hi gher expected table egg production in the fourth quarter. For 2022, the total red meat and poultry forecast is raised slightly from last month. Beef and turkey production forecasts are raised, while the pork and broiler production forecasts are unchanged from last month. The egg production forecast is raised from last month. The 2021 and 2022 beef import forecasts are raised from last month on robust domestic demand for beef. The 2021 beef export forecast is raised on recent trade data and continued strong demand from top trading partners. No change is made to the 2022 beef export forecast. Pork exports are reduced on September trade data; no change is made to the forecasts for outlying periods. Broiler export forecasts for 2021 and 2022 are raised o n stronger expected demand. The 2021 and 2022 turkey export forecasts are raised modestly from last month. Cattle price forecasts for 2021 and 2022 are raised on continued firm demand. The hog price forecast is reduced for fourth- quarter 2021 on recent price weakness. This weakness is expected to carry into first -quarter 2022, and the annual price forecast is lowered. The 2021 and 2022 broiler and turkey price forecasts are raised from the previous month on current prices and expected strength in demand. The milk production forecasts for 2021 and 2022 are reduced from the previous month on lower expected dairy cow numbers and slower growth in milk per cow. Fat basis import forecasts for 2021 and 2022 are reduced on lower expected imports of butterfat products. Fat basis export forecasts for 2021 and 2022 are raised on higher expected exports of cheese and butterfat products. The skim -solids basis import forecast for 2021 is raised while 2022 import s are unchanged from last month. The 2021 and 2022 skim -solids basis export forecasts are unchanged from last month. Butter, nonfat dry milk (NDM), and whey price forecasts for 2021 are raised from last month on strength in demand and lower expected production. The cheese price forecast for 2021 is reduced on current prices and continued large supplies. The 2021 Class III price forecast is reduced from last month as the lower forecast cheese price more than offsets the higher whey price. The Class IV price forecast is raised on higher NDM and butter pr ices. The 2021 all milk price forecast is raised to $18.50 per cwt. For 2022, cheese, butter, NDM, and whey price forecasts are raised on strength in demand and lower expected milk supplies. The 2021 Class III and Class IV price forecasts are raised WASDE- 618-5 on higher forecast dairy product prices. The all milk price for 2022 is raised to $20.25 per cwt. COTTON : This month’s 2021/22 U.S. cotton estimates are largely unchanged from October. The U.S. production forecast is slightly higher, at 18.2 million bales, while domestic mill use and exports are unchanged. U.S. ending stocks are 200,000 bales higher at 3.4 million—19 percent of use— and 250,000 above the previous year. The projected marketing- year average price received by upland producers is unchanged this month at 90 cents per pound, a 36 percent year -to-year increase. The global cotton balance sheet for 2021/22 includes higher production and consumption, and slightly lower ending stocks. Beginning stocks this month are also lower, by 1 mi llion bales, due to higher estimated consumption in earlier years for India, Pakistan, and Mexico. Their projected use in the current year is also higher this month, and total global consumption is up 700,000 bales. The world production forecast is 1.5 m illion bales higher as gains for Brazil, Australia, Pakistan, and the United States more than offset a 200,000-bale decline in Greece following unusually heavy October rainfall. World ending stocks are projected at 86.9 million bales, 200,000 bales lower than in October, and 2.4 million bales lower than in 2020/21. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 618-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, mark [email protected] Andrew Sowell , ERS; Rachel Trego, FAS; Pete Riley, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Pete Riley , FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Maria Bukowski , ERS; Bill George, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam , ERS; Souleymane Diaby, FAS; Barbara Fecso , FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Gra ce Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2021, the WASDE report will be released on Dec 9. In 2022 the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 8, May 12, Jun 10, Jul 12, Aug 12, Sep 12, Oct 12, Nov 9, and Dec 9. WASDE- 618-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 November 2021 WASDE - 618 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 2677.42 3486.39 448.48 2672.16 814.23 2020/21 (Est.) 2712.40 3526.63 478.45 2729.90 796.73 filler filler filler filler filler 2021/22 (Proj.) Oct 2780.53 3573.68 498.97 2785.37 788.31 2021/22 (Proj.) Nov 2786.00 3582.74 504.21 2789.25 793.48 filler filler filler filler filler Wheat 2019/20 762.21 1042.90 194.33 747.40 295.50 2020/21 (Est.) 774.66 1070.16 202.25 782.21 287.95 filler filler filler filler filler 2021/22 (Proj.) Oct 775.87 1064.23 199.63 787.05 277.18 2021/22 (Proj.) Nov 775.28 1063.23 203.16 787.42 275.80 filler filler filler filler filler Coarse Grains 5/ 2019/20 1416.30 1767.96 210.74 1431.01 336.95 2020/21 (Est.) 1430.45 1767.40 226.63 1446.10 321.30 filler filler filler filler filler 2021/22 (Proj.) Oct 1493.96 1813.52 249.63 1486.01 327.51 2021/22 (Proj.) Nov 1499.01 1820.30 251.39 1490.56 329.74 filler filler filler filler filler Rice, milled 2019/20 498.91 675.52 43.41 493.75 181.77 2020/21 (Est.) 507.30 689.07 49.58 501.59 187.49 filler filler filler filler filler 2021/22 (Proj.) Oct 510.70 695.94 49.72 512.31 183.63 2021/22 (Proj.) Nov 511.72 699.21 49.66 511.27 187.94 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2019/20 417.89 516.29 79.82 355.75 80.73 2020/21 (Est.) 429.86 516.87 107.45 350.97 58.45 filler filler filler filler filler 2021/22 (Proj.) Oct 447.69 512.81 98.61 356.63 57.57 2021/22 (Proj.) Nov 448.89 513.71 98.17 358.01 57.53 filler filler filler filler filler Wheat 2019/20 52.58 84.79 26.37 30.44 27.99 2020/21 (Est.) 49.75 80.46 26.99 30.47 23.00 filler filler filler filler filler 2021/22 (Proj.) Oct 44.79 71.20 23.81 31.60 15.79 2021/22 (Proj.) Nov 44.79 70.92 23.41 31.65 15.87 filler filler filler filler filler Coarse Grains 5/ 2019/20 359.43 423.01 50.46 320.73 51.83 2020/21 (Est.) 372.89 427.19 77.48 315.65 34.06 filler filler filler filler filler 2021/22 (Proj.) Oct 396.85 433.04 71.91 320.40 40.73 2021/22 (Proj.) Nov 397.95 434.13 71.91 321.67 40.56 filler filler filler filler filler Rice, milled 2019/20 5.88 8.49 2.99 4.59 0.91 2020/21 (Est.) 7.23 9.22 2.98 4.85 1.39 filler filler filler filler filler 2021/22 (Proj.) Oct 6.05 8.58 2.89 4.64 1.06 2021/22 (Proj.) Nov 6.15 8.65 2.86 4.68 1.11 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2021 WASDE - 618 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2019/20 2,259.53 2,970.09 368.67 2,316.41 733.50 2020/21 (Est.) 2,282.54 3,009.76 371.00 2,378.93 738.28 filler filler filler filler filler 2021/22 (Proj.) Oct 2,332.83 3,060.87 400.37 2,428.74 730.74 2021/22 (Proj.) Nov 2,337.11 3,069.03 406.05 2,431.25 735.95 filler filler filler filler filler Wheat 2019/20 709.63 958.11 167.96 716.96 267.52 2020/21 (Est.) 724.91 989.70 175.26 751.74 264.95 filler filler filler filler filler 2021/22 (Proj.) Oct 731.08 993.03 175.81 755.45 261.39 2021/22 (Proj.) Nov 730.49 992.30 179.76 755.77 259.94 filler filler filler filler filler Coarse Grains 5/ 2019/20 1,056.86 1,344.95 160.29 1,110.29 285.12 2020/21 (Est.) 1,057.56 1,340.21 149.15 1,130.45 287.23 filler filler filler filler filler 2021/22 (Proj.) Oct 1,097.11 1,380.48 177.72 1,165.61 286.78 2021/22 (Proj.) Nov 1,101.06 1,386.17 179.48 1,168.89 289.18 filler filler filler filler filler Rice, milled 2019/20 493.03 667.03 40.42 489.16 180.86 2020/21 (Est.) 500.07 679.86 46.59 496.74 186.10 filler filler filler filler filler 2021/22 (Proj.) Oct 504.65 687.36 46.83 507.67 182.57 2021/22 (Proj.) Nov 505.57 690.55 46.80 506.58 186.83 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2019/20 121.40 200.91 41.23 103.07 97.45 2020/21 (Est.) 112.16 209.61 48.41 120.88 89.28 filler filler filler filler filler 2021/22 (Proj.) Oct 120.28 210.58 46.43 123.40 87.13 2021/22 (Proj.) Nov 121.79 211.07 46.61 124.10 86.93 filler filler filler filler filler United States 2019/20 19.91 24.77 15.51 2.15 7.25 2020/21 (Est.) 14.61 21.86 16.37 2.40 3.15 filler filler filler filler filler 2021/22 (Proj.) Oct 18.00 21.16 15.50 2.50 3.20 2021/22 (Proj.) Nov 18.20 21.35 15.50 2.50 3.40 filler filler filler filler filler Foreign 4/ 2019/20 101.49 176.15 25.72 100.92 90.20 2020/21 (Est.) 97.55 187.75 32.03 118.48 86.13 filler filler filler filler filler 2021/22 (Proj.) Oct 102.28 189.42 30.93 120.90 83.93 2021/22 (Proj.) Nov 103.59 189.72 31.11 121.60 83.53 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. November 2021 WASDE - 618 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 580.84 714.67 190.77 508.49 112.55 2020/21 (Est.) 603.32 715.88 190.81 509.33 113.71 filler filler filler filler filler 2021/22 (Proj.) Oct 628.24 741.56 197.01 526.23 116.50 2021/22 (Proj.) Nov 628.03 741.75 195.47 527.20 115.19 filler filler filler filler filler Oilmeals 2019/20 346.77 365.91 95.42 341.66 18.86 2020/21 (Est.) 349.26 368.12 96.73 346.26 16.59 filler filler filler filler filler 2021/22 (Proj.) Oct 360.71 377.00 98.25 355.45 16.28 2021/22 (Proj.) Nov 361.31 377.90 99.02 355.20 16.98 filler filler filler filler filler Vegetable Oils 2019/20 207.32 233.01 86.78 202.41 26.49 2020/21 (Est.) 206.58 233.07 83.98 205.98 25.03 filler filler filler filler filler 2021/22 (Proj.) Oct 214.55 238.75 90.60 212.25 22.95 2021/22 (Proj.) Nov 214.80 239.82 90.83 211.79 24.01 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2019/20 106.98 134.74 46.97 63.04 15.96 2020/21 (Est.) 124.56 141.73 62.77 62.70 8.58 filler filler filler filler filler 2021/22 (Proj.) Oct 130.83 140.48 57.96 63.59 10.21 2021/22 (Proj.) Nov 130.24 139.89 56.87 63.61 10.66 filler filler filler filler filler Oilmeals 2019/20 48.76 53.31 12.83 40.09 0.39 2020/21 (Est.) 48.27 53.04 12.72 39.94 0.39 filler filler filler filler filler 2021/22 (Proj.) Oct 49.17 53.16 13.13 39.60 0.44 2021/22 (Proj.) Nov 49.24 53.18 13.13 39.61 0.44 filler filler filler filler filler Vegetable Oils 2019/20 12.64 18.71 1.50 16.00 1.21 2020/21 (Est.) 12.72 18.87 1.04 16.52 1.32 filler filler filler filler filler 2021/22 (Proj.) Oct 12.84 19.10 0.76 17.16 1.18 2021/22 (Proj.) Nov 12.85 19.22 0.76 17.25 1.22 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2019/20 473.86 579.94 143.80 445.46 96.60 2020/21 (Est.) 478.76 574.15 128.04 446.62 105.13 filler filler filler filler filler 2021/22 (Proj.) Oct 497.40 601.07 139.05 462.64 106.29 2021/22 (Proj.) Nov 497.80 601.86 138.60 463.60 104.53 filler filler filler filler filler Oilmeals 2019/20 298.00 312.60 82.59 301.56 18.48 2020/21 (Est.) 300.99 315.08 84.01 306.32 16.20 filler filler filler filler filler 2021/22 (Proj.) Oct 311.53 323.84 85.12 315.85 15.84 2021/22 (Proj.) Nov 312.07 324.72 85.89 315.59 16.54 filler filler filler filler filler Vegetable Oils 2019/20 194.68 214.31 85.28 186.42 25.28 2020/21 (Est.) 193.86 214.20 82.94 189.45 23.71 filler filler filler filler filler 2021/22 (Proj.) Oct 201.71 219.65 89.83 195.09 21.77 2021/22 (Proj.) Nov 201.95 220.60 90.07 194.55 22.79 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2021 WASDE - 618 - 11 U.S. Wheat Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Million Acres Area Planted 45.5 44.5 46.7 46.7 Area Harvested 37.4 36.8 37.2 37.2 Bushels Yield per Harvested Acre 51.7 49.7 44.3 44.3 Million Bushels Beginning Stocks 1,080 1,028 845 845 Production 1,932 1,828 1,646 1,646 Imports 104 100 125 115 Supply, Total 3,116 2,957 2,616 2,606 Food 962 961 964 962 Seed 60 64 62 66 Feed and Residual 97 95 135 135 Domestic, Total 1,118 1,120 1,161 1,163 Exports 969 992 875 860 Use, Total 2,087 2,111 2,036 2,023 Ending Stocks 1,028 845 580 583 Avg. Farm Price ($/bu) 2/ 4.58 5.05 6.70 6.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2020/21 (Est.) Beginning Stocks 506 280 105 95 42 1,028 Production 659 531 266 303 69 1,828 Supply, Total 3/ 1,169 858 376 404 148 2,957 Domestic Use 402 339 222 64 93 1,120 Exports 340 284 69 270 28 992 Use, Total 742 623 291 334 121 2,111 Ending Stocks, Total 428 235 85 70 27 845 2021/22 (Proj.) Beginning Stocks 428 235 85 70 27 845 Production 749 297 361 201 37 1,646 Supply, Total 3/ 1,182 587 451 276 110 2,606 Domestic Use 523 245 238 80 78 1,163 Exports 360 215 120 150 15 860 Use, Total 883 460 358 230 93 2,023 Ending Stocks, Total Nov 299 127 93 46 17 583 Ending Stocks, Total Oct 311 113 94 41 20 580 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. November 2021 WASDE - 618 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Million Acres Area Planted 100.6 102.3 105.9 105.9 Area Harvested 89.1 90.6 94.2 94.2 Metric Tons Yield per Harvested Acre 4.03 4.11 4.21 4.22 Million Metric Tons Beginning Stocks 60.5 51.8 34.0 34.0 Production 359.2 372.6 396.6 397.7 Imports 2.8 2.2 2.0 2.0 Supply, Total 422.4 426.6 432.6 433.7 Feed and Residual 154.3 146.3 147.7 147.7 Food, Seed & Industrial 165.9 168.8 172.3 173.6 Domestic, Total 320.2 315.1 320.0 321.3 Exports 50.4 77.5 71.9 71.9 Use, Total 370.6 392.6 391.9 393.2 Ending Stocks 51.8 34.0 40.7 40.5 CORN 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Million Acres Area Planted 89.7 90.7 93.3 93.3 Area Harvested 81.3 82.3 85.1 85.1 Bushels Yield per Harvested Acre 167.5 171.4 176.5 177.0 Million Bushels Beginning Stocks 2,221 1,919 1,236 1,236 Production 13,620 14,111 15,019 15,062 Imports 42 24 25 25 Supply, Total 15,883 16,055 16,280 16,323 Feed and Residual 5,900 5,601 5,650 5,650 Food, Seed & Industrial 2/ 6,286 6,465 6,630 6,680 Ethanol & by -products 3/ 4,857 5,028 5,200 5,250 Domestic, Total 12,186 12,066 12,280 12,330 Exports 1,777 2,753 2,500 2,500 Use, Total 13,963 14,819 14,780 14,830 Ending Stocks 1,919 1,236 1,500 1,493 Avg. Farm Price ($/bu) 4/ 3.56 4.53 5.45 5.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed -grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. November 2021 WASDE - 618 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.3 5.9 7.3 7.3 Area Harvested (mil. acres) 4.7 5.1 6.5 6.5 Yield (bushels/acre) 73.0 73.2 72.3 72.3 Beginning Stocks 64 30 20 20 Production 341 373 471 471 Imports 0 0 0 0 Supply, Total 405 403 492 492 Feed and Residual 97 89 125 125 Food, Seed & Industrial 75 10 10 10 Total Domestic 172 99 135 135 Exports 203 284 320 320 Use, Total 375 383 455 455 Ending Stocks 30 20 37 37 Avg. Farm Price ($/bu) 2/ 3.34 5.04 5.45 5.45 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.7 2.7 2.7 Area Harvested (mil. acres) 2.2 2.2 1.9 1.9 Yield (bushels/acre) 77.7 77.2 60.4 60.4 Beginning Stocks 87 80 71 71 Production 172 171 118 118 Imports 7 7 7 7 Supply, Total 266 258 196 196 Feed and Residual 38 26 10 10 Food, Seed & Industrial 142 147 115 115 Total Domestic 180 172 125 125 Exports 6 14 11 11 Use, Total 186 186 136 136 Ending Stocks 80 71 60 60 Avg. Farm Price ($/bu) 2/ 4.69 4.75 5.30 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 3.0 2.6 2.6 Area Harvested (mil. acres) 0.8 1.0 0.7 0.7 Yield (bushels/acre) 64.3 65.1 61.3 61.3 Beginning Stocks 38 37 38 38 Production 53 66 40 40 Imports 92 85 69 69 Supply, Total 183 188 147 147 Feed and Residual 63 68 40 40 Food, Seed & Industrial 82 78 80 80 Total Domestic 144 147 120 120 Exports 2 3 2 2 Use, Total 146 150 122 122 Ending Stocks 37 38 25 25 Avg. Farm Price ($/bu) 2/ 2.82 2.77 3.60 3.65 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2021 WASDE - 618 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Million Acres Area Planted 2.55 3.04 2.54 2.54 Area Harvested 2.48 2.99 2.50 2.50 Fil ler Pounds Yield per Harvested Acre 7,473 7,619 7,625 7,756 Million Hundredweight Beginning Stocks 2/ 44.9 28.7 43.7 43.7 Production 185.1 227.6 190.5 193.8 Imports 37.3 34.1 36.0 35.0 Supply, Total 267.3 290.3 270.2 272.5 Domestic & Residual 3/ 144.4 152.7 146.0 147.5 Exports, Total 4/ 94.2 93.9 91.0 90.0 Rough 31.3 34.6 33.0 33.0 Milled (rough equiv.) 62.9 59.3 58.0 57.0 Use, Total 238.6 246.6 237.0 237.5 Ending Stocks 28.7 43.7 33.2 35.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.60 14.00 14.80 14.80 Total LONG -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Harvested Acres (mil.) 1.73 2.30 Yield (pounds/acre) 7,261 7,422 Beginning Stocks 32.6 16.9 29.7 29.7 Imports 29.8 27.4 28.0 27.0 Production 125.6 170.9 144.3 146.7 Supply, Total 7/ 188.0 215.1 202.0 203.5 Domestic & Residual 3/ 106.3 120.3 114.0 115.0 Exports 8/ 64.8 65.1 65.0 64.0 Use, Total 171.1 185.4 179.0 179.0 Ending Stocks 16.9 29.7 23.0 24.5 Avg. Farm Price ($/cwt) 6/ 12.00 12.60 13.00 13.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Harvested Acres (mil.) 0.75 0.69 Yield (pounds/acre) 7,964 8,282 Beginning Stocks 10.2 10.7 11.5 11.5 Imports 7.6 6.7 8.0 8.0 Production 59.5 56.7 46.3 47.1 Supply, Total 7/ 78.3 72.7 65.7 66.5 Domestic & Residual 3/ 38.2 32.4 32.0 32.5 Exports 8/ 29.4 28.8 26.0 26.0 Use, Total 67.6 61.2 58.0 58.5 Ending Stocks 10.7 11.5 7.7 8.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.20 18.80 20.10 20.10 California 10/ 21.60 20.90 23.00 23.00 Other States 1/ 11.60 13.10 14.00 14.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. November 2021 WASDE - 618 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 76.1 83.4 87.2 87.2 Area Harvested 74.9 82.6 86.4 86.4 Fil ler Bushels Yield per Harvested Acre 47.4 51.0 51.5 51.2 Million Bushels Beginning Stocks 909 525 256 256 Production 3,552 4,216 4,448 4,425 Imports 15 20 15 15 Supply, Total 4,476 4,761 4,719 4,696 Crushings 2,165 2,141 2,190 2,190 Exports 1,679 2,265 2,090 2,050 Seed 97 101 104 102 Residual 11 -3 15 15 Use, Total 3,952 4,505 4,399 4,356 Ending Stocks 525 256 320 340 Avg. Farm Price ($/bu) 2/ 8.57 10.80 12.35 12.10 Total SOYBEAN OIL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,775 1,853 2,063 2,177 Production 4/ 24,911 25,023 25,535 25,535 Imports 320 302 450 450 Supply, Total 27,006 27,177 28,048 28,162 Domestic Disappearance 22,317 23,277 25,000 25,000 Biofuel 3/ 8,658 8,850 11,000 11,000 Food, Feed & other Industrial 13,659 14,427 14,000 14,000 Exports 2,837 1,723 1,250 1,250 Use, Total 25,154 25,000 26,250 26,250 Ending stocks 1,853 2,177 1,798 1,912 Avg. Price (c/lb) 2/ 29.65 56.87 65.00 65.00 Total SOYBEAN MEAL 2019/20 2020/21 E st. 2021/22 Proj. 2021/22 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 402 341 400 341 Production 4/ 51,100 50,565 51,650 51,709 Imports 639 783 450 450 Supply, Total 52,142 51,689 52,500 52,500 Domestic Disappearance 37,967 37,580 37,900 37,900 Exports 13,834 13,768 14,200 14,200 Use, Total 51,801 51,348 52,100 52,100 Ending Stocks 341 341 400 400 Avg. Price ($/s.t.) 2/ 299.50 392.31 325.00 325.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,134 million bushels for 2020/21 and 2,190 million bushels for 2021/22. November 2021 WASDE - 618 - 16 U.S. Sugar Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,783 1,618 1,681 1,728 Production 2/ 8,149 9,230 9,286 9,332 Beet Sugar 4,351 5,092 5,348 5,413 Cane Sugar 3,798 4,139 3,939 3,919 Florida 2,106 2,089 2,005 2,005 Louisiana 1,566 1,916 1,804 1,784 Texas 126 134 130 130 Imports 4,165 3,195 3,000 3,045 TRQ 3/ 2,152 1,749 1,591 1,611 Other Program 4/ 432 292 250 250 Other 5/ 1,581 1,154 1,159 1,184 Mexico 1,376 968 1,084 1,084 Total Supply 14,097 14,043 13,967 14,105 Exports 61 49 35 35 Deliveries 12,344 12,225 12,305 12,305 Food 12,246 12,109 12,200 12,200 Other 6/ 98 116 105 105 Miscellaneous 74 40 0 0 Total Use 12,479 12,315 12,340 12,340 Ending Stocks 1,618 1,728 1,627 1,765 Stocks to Use Ratio 13.0 14.0 13.2 14.3 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2020/21 and 2021/22 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2020/21, WTO raw sugar TRQ shortfall (55) and for 2021/22 (251). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not othe rwise specified -- for 2019/20 (206), 2020/21 (186), and 2021/22 (100). 6/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2019/20 -- 298; estimated 2020/21 -- 347; projected 2021/22 -- 358. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2020/21 Est. Oct 858 5,715 67 4,469 1,161 1,010 2020/21 Est. Nov 858 5,715 65 4,420 1,165 1,053 2021/22 Proj. Oct 1,010 5,940 63 4,415 1,678 920 2021/22 Proj. Nov 1,053 5,979 63 4,401 1,777 917 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2019/20 = 1,388; Estimated 2020/21 = 1,320; Projected 2021/22 = 1,310. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2020/21 (485 est =451 dom.+33 import); 2021/22 (486 proj = 451 dom.+35 import). Statistical Adjustments: 2020/21 (0), 2021/22 (0). November 2021 WASDE - 618 - 17 U.S. Cotton Supply and Use 1/ 2019/20 2020/21 Est. 2021/22 Proj. 2021/22 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 13.74 12.09 11.19 11.19 Harvested 11.50 8.27 9.92 9.92 Fil ler Pounds Yield per Harvested Acre 831 847 871 880 Million 480 Pound Bales Beginning Stocks 4.85 7.25 3.15 3.15 Production 19.91 14.61 18.00 18.20 Imports 0.00 0.00 0.01 0.01 Supply, Total 24.77 21.86 21.16 21.35 Domestic Use 2.15 2.40 2.50 2.50 Exports, Total 15.51 16.37 15.50 15.50 Use, Total 17.66 18.77 18.00 18.00 Unaccounted 2/ -0.15 -0.06 -0.04 -0.05 Ending Stocks 7.25 3.15 3.20 3.40 Avg. Farm Price 3/ 59.6 66.3 90.0 90.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. November 2021 WASDE - 618 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 280.69 762.21 188.17 139.19 747.40 194.33 295.50 World Less China 142.60 628.61 182.79 120.19 621.40 193.28 145.49 United States 29.39 52.58 2.83 2.63 30.44 26.37 27.99 Total Foreign 251.31 709.63 185.34 136.56 716.96 167.96 267.52 Major Exporters 4/ 37.35 308.45 7.55 73.38 179.61 141.82 31.92 Argentina 1.74 19.78 0.01 0.05 6.35 12.79 2.39 Australia 4.44 14.48 0.89 4.50 8.00 9.14 2.68 Canada 6.04 32.67 0.68 4.13 9.26 24.63 5.50 European Union 5/ 15.80 138.74 5.55 45.50 107.70 39.77 12.62 Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23 Ukraine 1.56 29.17 0.09 2.20 8.30 21.02 1.50 Major Importers 6/ 178.71 201.29 122.78 37.09 297.91 13.21 191.67 Bangladesh 1.26 1.20 6.80 0.30 7.50 0.00 1.76 Brazil 1.06 5.20 7.03 0.50 12.10 0.43 0.76 China 138.09 133.60 5.38 19.00 126.00 1.05 150.02 Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.21 N. Africa 7/ 15.54 18.40 27.74 1.85 46.25 1.07 14.36 Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30 Sel. Mideast 8/ 10.76 20.95 18.49 3.60 38.47 0.78 10.94 Southeast Asia 9/ 5.95 0.00 26.46 7.94 25.37 1.13 5.91 Selected Other India 16.99 103.60 0.02 6.00 95.40 0.51 24.70 Kazakhstan 1.71 11.45 0.58 1.30 6.10 6.99 0.66 United Kingdom 1.91 15.60 1.75 7.70 15.20 1.62 2.44 2020/21 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 295.50 774.66 194.18 157.14 782.21 202.25 287.95 World Less China 145.49 640.41 183.56 117.14 632.21 201.48 143.83 United States 27.99 49.75 2.73 2.59 30.47 26.99 23.00 Total Foreign 267.52 724.91 191.45 154.54 751.74 175.26 264.95 Major Exporters 4/ 31.92 322.61 6.66 72.33 178.93 147.19 35.08 Argentina 2.39 17.65 0.01 0.05 6.35 11.20 2.49 Australia 2.68 33.00 0.20 4.50 8.00 24.50 3.38 Canada 5.50 35.18 0.55 4.18 9.13 26.41 5.69 European Union 5/ 12.62 126.01 5.38 42.00 104.25 29.73 10.04 Russia 7.23 85.35 0.40 19.00 42.50 38.50 11.98 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 191.67 201.00 124.86 57.38 323.92 12.62 180.99 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 0.76 6.25 6.40 0.40 12.05 0.93 0.43 China 150.02 134.25 10.62 40.00 150.00 0.76 144.12 Japan 1.21 1.00 5.49 0.65 6.35 0.30 1.05 N. Africa 7/ 14.36 16.60 28.50 1.75 46.82 0.80 11.84 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 10.94 20.43 17.74 3.54 38.95 0.62 9.54 Southeast Asia 9/ 5.91 0.00 25.64 7.09 24.85 1.14 5.56 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 0.80 1.45 6.25 8.19 1.28 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 288.36 775.87 198.05 158.69 787.05 199.63 277.18 Nov 287.95 775.28 201.05 158.56 787.42 203.16 275.80 World Less China Oct 144.24 638.97 188.05 122.69 638.05 198.63 136.16 Nov 143.83 638.38 191.05 122.56 638.42 202.16 134.78 United States Oct 23.00 44.79 3.40 3.67 31.60 23.81 15.79 Nov 23.00 44.79 3.13 3.67 31.65 23.41 15.87 Total Foreign Oct 265.35 731.08 194.64 155.01 755.46 175.81 261.39 Nov 264.95 730.49 197.92 154.89 755.77 179.76 259.94 Major Exporters 4/ Oct 35.76 317.40 6.80 74.15 180.75 146.00 33.21 Nov 35.08 318.40 6.80 73.45 180.05 148.50 31.73 Argentina Oct 2.69 20.00 0.00 0.05 6.45 13.50 2.74 Nov 2.49 20.00 0.00 0.05 6.45 13.50 2.54 Australia Oct 3.88 31.50 0.20 4.50 8.00 23.50 4.08 Nov 3.38 31.50 0.20 4.50 8.00 23.50 3.58 Canada Oct 5.69 21.00 0.70 2.80 7.90 15.00 4.49 Nov 5.69 21.00 0.70 2.80 7.90 15.00 4.49 European Union 5/ Oct 10.02 139.40 5.30 46.00 108.50 35.50 10.72 Nov 10.04 138.40 5.30 45.00 107.50 36.50 9.74 Russia Oct 11.98 72.50 0.50 17.50 40.50 35.00 9.48 Nov 11.98 74.50 0.50 18.00 41.00 36.00 9.98 Ukraine Oct 1.51 33.00 0.10 3.30 9.40 23.50 1.71 Nov 1.51 33.00 0.10 3.10 9.20 24.00 1.41 Major Importers 6/ Oct 180.55 207.39 128.80 53.99 326.07 13.07 177.60 Nov 180.99 207.17 132.00 55.04 327.39 13.52 179.25 Bangladesh Oct 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Nov 2.14 1.13 7.40 0.60 8.45 0.00 2.22 Brazil Oct 0.51 7.90 6.50 0.80 12.60 1.30 1.01 Nov 0.43 7.90 6.50 0.80 12.60 1.30 0.93 China Oct 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Nov 144.12 136.90 10.00 36.00 149.00 1.00 141.02 Japan Oct 1.04 1.10 5.60 0.63 6.30 0.30 1.14 Nov 1.05 1.10 5.60 0.63 6.30 0.30 1.15 N. Africa 7/ Oct 11.84 21.59 27.80 1.95 47.70 1.01 12.52 Nov 11.84 21.59 28.30 1.95 47.80 1.01 12.92 Nigeria Oct 0.79 0.06 5.80 0.05 5.75 0.50 0.39 Nov 0.79 0.09 6.00 0.05 5.75 0.60 0.53 Sel. Mideast 8/ Oct 9.06 18.99 21.05 3.57 39.45 0.61 9.04 Nov 9.54 18.99 22.55 4.07 40.10 0.71 10.27 Southeast Asia 9/ Oct 5.53 0.00 25.65 6.90 24.88 1.16 5.14 Nov 5.56 0.00 25.45 6.80 24.75 1.16 5.10 Selected Other India Oct 27.80 109.52 0.03 7.00 104.50 4.00 28.85 Nov 27.80 109.52 0.03 7.00 104.50 5.00 27.85 Kazakhstan Oct 1.47 12.00 0.80 1.25 6.05 7.20 1.02 Nov 1.28 12.00 0.80 1.25 6.05 7.20 0.83 United Kingdom Oct 1.42 15.00 2.00 7.70 15.70 0.70 2.02 Nov 1.42 14.30 2.00 7.50 15.30 0.70 1.72 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.67 1,416.30 205.07 882.72 1,431.01 210.74 336.95 World Less China 141.27 1,148.12 187.59 681.90 1,135.94 210.70 136.01 United States 60.47 359.43 3.11 154.53 320.73 50.45 51.83 Total Foreign 291.20 1,056.86 201.96 728.19 1,110.29 160.29 285.12 Major Exporters 4/ 19.62 307.86 4.58 134.33 179.24 128.59 24.23 Argentina 3.62 58.13 0.02 12.12 17.78 39.32 4.68 Australia 2.43 11.90 0.01 5.61 7.57 3.87 2.89 Brazil 5.67 105.82 2.31 61.71 72.84 35.23 5.72 Canada 3.29 28.61 1.92 17.23 24.93 4.91 3.98 Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87 Ukraine 2.04 46.55 0.03 8.89 11.89 34.08 2.65 Major Importers 5/ 37.34 248.23 142.37 292.94 375.02 15.98 36.94 European Union 6/ 14.51 152.73 19.42 119.65 158.63 13.65 14.38 Japan 1.75 0.23 17.63 13.91 17.87 0.00 1.74 Mexico 5.78 32.10 17.60 30.83 50.31 1.03 4.14 N. Afr & Mideast 7/ 7.39 33.22 41.65 64.98 73.45 0.69 8.12 Saudi Arabia 1.70 0.20 11.22 11.05 11.40 0.00 1.72 Southeast Asia 8/ 3.38 29.40 18.20 38.50 46.55 0.61 3.82 South Korea 1.86 0.28 11.98 9.55 12.09 0.00 2.02 Selected Other China 210.40 268.18 17.48 200.82 295.07 0.04 200.94 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 336.95 1,430.45 235.55 905.37 1,446.10 226.63 321.30 World Less China 136.01 1,162.43 185.01 684.52 1,133.80 226.62 114.11 United States 51.83 372.89 2.48 146.47 315.65 77.48 34.06 Total Foreign 285.12 1,057.56 233.07 758.90 1,130.45 149.15 287.23 Major Exporters 4/ 24.23 293.91 6.12 136.45 182.94 119.81 21.50 Argentina 4.68 58.97 0.01 11.83 17.56 43.41 2.69 Australia 2.89 16.60 0.00 5.18 7.14 10.08 2.27 Brazil 5.72 89.96 4.00 64.52 76.46 17.51 5.72 Canada 3.98 29.64 1.90 16.92 24.68 7.22 3.62 Russia 1.87 41.40 0.09 21.57 31.14 10.34 1.88 Ukraine 2.65 39.59 0.07 9.15 12.30 28.05 1.96 Major Importers 5/ 36.94 251.18 137.30 294.89 376.72 13.29 35.39 European Union 6/ 14.38 153.93 15.98 120.74 159.59 11.31 13.40 Japan 1.74 0.23 16.98 13.32 17.20 0.00 1.75 Mexico 4.14 32.66 17.16 30.24 49.74 0.73 3.49 N. Afr & Mideast 7/ 8.12 33.42 38.07 63.30 71.51 0.67 7.43 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.82 30.45 22.69 42.87 51.15 0.59 5.23 South Korea 2.02 0.22 11.81 9.55 12.05 0.00 2.01 Selected Other China 200.94 268.02 50.53 220.85 312.30 0.01 207.19 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, an d Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indone sia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 319.56 1,493.96 230.96 918.54 1,486.01 249.63 327.51 Nov 321.30 1,499.01 231.36 918.93 1,490.56 251.39 329.74 World Less China Oct 114.11 1,213.56 185.26 686.64 1,164.31 249.58 117.71 Nov 114.11 1,218.61 184.96 686.13 1,167.96 251.34 118.40 United States Oct 34.06 396.85 2.12 147.71 320.40 71.91 40.73 Nov 34.06 397.95 2.12 147.71 321.67 71.91 40.56 Total Foreign Oct 285.49 1,097.11 228.84 770.83 1,165.61 177.72 286.78 Nov 287.23 1,101.06 229.24 771.22 1,168.89 179.48 289.18 Major Exporters 4/ Oct 21.54 330.18 5.48 137.94 183.69 149.89 23.62 Nov 21.50 331.14 5.48 137.46 183.26 151.09 23.78 Argentina Oct 3.18 62.38 0.01 12.45 18.12 43.81 3.64 Nov 2.69 63.88 0.01 12.45 18.12 44.81 3.64 Australia Oct 2.32 15.70 0.00 5.26 7.32 9.18 1.52 Nov 2.27 15.70 0.00 5.26 7.32 9.38 1.27 Brazil Oct 5.22 122.02 2.20 65.59 77.53 43.03 8.89 Nov 5.72 122.02 2.20 65.59 77.53 43.03 9.39 Canada Oct 3.62 23.95 3.11 17.04 24.33 3.85 2.50 Nov 3.62 23.95 3.11 17.04 24.33 3.85 2.50 Russia Oct 1.88 38.70 0.10 21.30 30.25 9.18 1.25 Nov 1.88 38.40 0.10 21.00 29.95 9.18 1.25 Ukraine Oct 1.96 49.82 0.03 8.91 12.09 37.65 2.06 Nov 1.96 49.59 0.03 8.72 11.96 37.65 1.97 Major Importers 5/ Oct 35.53 248.86 137.61 293.51 376.10 13.41 32.49 Nov 35.39 249.46 137.61 293.86 376.35 13.71 32.41 European Union 6/ Oct 13.46 154.15 16.41 119.23 158.20 11.75 14.07 Nov 13.40 155.30 16.41 120.03 159.00 12.05 14.06 Japan Oct 1.69 0.25 17.24 13.83 17.77 0.00 1.40 Nov 1.75 0.25 17.24 13.83 17.77 0.00 1.46 Mexico Oct 3.50 33.75 17.55 30.86 50.34 0.70 3.76 Nov 3.49 33.75 17.55 30.86 50.34 0.70 3.75 N. Afr & Mideast 7/ Oct 7.33 30.40 40.36 62.62 71.29 0.42 6.39 Nov 7.43 30.05 40.76 62.77 71.44 0.42 6.38 Saudi Arabia Oct 1.42 0.20 10.51 10.46 10.81 0.00 1.32 Nov 1.33 0.20 10.01 9.86 10.21 0.00 1.33 Southeast Asia 8/ Oct 5.18 29.81 19.35 42.45 50.85 0.55 2.95 Nov 5.23 29.61 19.45 42.45 50.75 0.55 2.99 South Korea Oct 2.19 0.22 11.61 9.55 12.06 0.00 1.97 Nov 2.01 0.22 11.61 9.55 12.06 0.00 1.78 Selected Other China Oct 205.44 280.40 45.70 231.90 321.70 0.05 209.79 Nov 207.19 280.40 46.40 232.80 322.60 0.05 211.34 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit , and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade ex cludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.37 1,119.68 167.76 715.65 1,135.57 172.33 306.48 World Less China 112.19 858.90 160.18 522.65 857.57 172.32 105.96 United States 56.41 345.96 1.06 149.87 309.55 45.13 48.76 Total Foreign 265.96 773.72 166.69 565.78 826.02 127.20 257.72 Major Exporters 4/ 9.97 219.01 1.73 88.40 110.40 107.03 13.27 Argentina 2.37 51.00 0.00 9.50 13.50 36.25 3.62 Brazil 5.31 102.00 1.65 58.50 68.50 35.23 5.23 Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83 South Africa 1.02 15.84 0.00 6.40 12.20 2.55 2.12 Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48 Major Importers 5/ 22.24 129.30 93.95 163.05 217.45 7.04 21.01 Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73 European Union 6/ 7.64 66.74 17.38 59.00 78.80 5.39 7.58 Japan 1.45 0.00 15.89 12.40 15.95 0.00 1.39 Mexico 5.16 26.66 16.53 25.60 43.80 1.03 3.52 Southeast Asia 7/ 3.37 29.35 17.26 37.70 45.55 0.61 3.81 South Korea 1.84 0.08 11.88 9.50 11.80 0.00 2.00 Selected Other 0.00 Canada 1.98 13.40 1.84 8.64 13.96 0.71 2.56 China 210.18 260.78 7.58 193.00 278.00 0.01 200.53 2020/21 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 306.48 1,119.02 187.60 724.79 1,133.63 176.56 291.87 World Less China 105.96 858.35 158.09 521.79 848.63 176.56 86.16 United States 48.76 358.45 0.62 142.26 306.49 69.92 31.41 Total Foreign 257.72 760.57 186.98 582.52 827.14 106.64 260.46 Major Exporters 4/ 13.27 197.57 3.58 93.10 116.20 86.90 11.32 Argentina 3.62 50.50 0.01 10.00 14.00 38.50 1.62 Brazil 5.23 86.00 3.50 61.00 72.00 17.50 5.23 Russia 0.83 13.87 0.04 9.00 10.10 3.90 0.74 South Africa 2.12 16.90 0.01 7.20 13.00 3.20 2.83 Ukraine 1.48 30.30 0.02 5.90 7.10 23.80 0.90 Major Importers 5/ 21.01 128.71 93.23 163.00 217.45 4.90 20.61 Egypt 1.73 6.40 9.60 13.90 16.40 0.01 1.32 European Union 6/ 7.58 64.41 14.60 56.40 76.10 3.60 6.89 Japan 1.39 0.00 15.48 11.90 15.40 0.00 1.47 Mexico 3.52 27.35 16.50 25.50 43.70 0.70 2.96 Southeast Asia 7/ 3.81 30.40 20.84 41.20 49.25 0.59 5.22 South Korea 2.00 0.08 11.71 9.50 11.80 0.00 1.99 Selected Other 0.00 Canada 2.56 13.56 1.58 8.80 14.00 1.52 2.18 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 289.99 1,198.22 183.85 746.16 1,186.46 201.91 301.74 Nov 291.87 1,204.62 183.42 747.23 1,192.07 203.47 304.42 World Less China Oct 85.80 925.22 157.85 532.16 892.46 201.89 92.58 Nov 86.16 931.62 157.42 533.23 898.07 203.45 93.73 United States Oct 31.41 381.49 0.64 143.52 311.93 63.50 38.10 Nov 31.41 382.59 0.64 143.52 313.20 63.50 37.94 Total Foreign Oct 258.58 816.73 183.21 602.65 874.53 138.41 263.64 Nov 260.46 822.03 182.78 603.72 878.88 139.97 266.48 Major Exporters 4/ Oct 11.32 241.00 1.77 94.90 118.20 120.20 15.69 Nov 11.32 242.50 1.77 94.90 118.20 121.20 16.19 Argentina Oct 2.12 53.00 0.01 10.50 14.50 38.00 2.63 Nov 1.62 54.50 0.01 10.50 14.50 39.00 2.63 Brazil Oct 4.73 118.00 1.70 62.00 73.00 43.00 8.43 Nov 5.23 118.00 1.70 62.00 73.00 43.00 8.93 Russia Oct 0.74 15.00 0.05 9.80 10.90 4.50 0.39 Nov 0.74 15.00 0.05 9.80 10.90 4.50 0.39 South Africa Oct 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Nov 2.83 17.00 0.00 7.30 13.30 3.20 3.33 Ukraine Oct 0.90 38.00 0.02 5.30 6.50 31.50 0.91 Nov 0.90 38.00 0.02 5.30 6.50 31.50 0.91 Major Importers 5/ Oct 20.68 130.62 90.90 163.80 218.50 5.35 18.35 Nov 20.61 131.97 91.00 165.00 219.60 5.65 18.33 Egypt Oct 1.32 6.40 10.00 13.90 16.40 0.01 1.32 Nov 1.32 6.40 10.00 13.90 16.40 0.01 1.32 European Union 6/ Oct 6.89 66.30 15.00 57.00 76.80 4.10 7.29 Nov 6.89 67.85 15.00 58.20 78.00 4.40 7.34 Japan Oct 1.39 0.01 15.60 12.30 15.85 0.00 1.15 Nov 1.47 0.01 15.60 12.30 15.85 0.00 1.22 Mexico Oct 2.97 28.00 17.00 26.00 44.20 0.70 3.07 Nov 2.96 28.00 17.00 26.00 44.20 0.70 3.06 Southeast Asia 7/ Oct 5.18 29.76 17.30 40.60 48.75 0.55 2.94 Nov 5.22 29.56 17.40 40.60 48.65 0.55 2.98 South Korea Oct 2.18 0.08 11.50 9.50 11.80 0.00 1.95 Nov 1.99 0.08 11.50 9.50 11.80 0.00 1.77 Selected Other Canada Oct 2.18 14.00 3.00 11.00 16.20 1.00 1.98 Nov 2.18 14.00 3.00 11.00 16.20 1.00 1.98 China Oct 204.19 273.00 26.00 214.00 294.00 0.02 209.17 Nov 205.70 273.00 26.00 214.00 294.00 0.02 210.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2021 WASDE - 618 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 176.61 498.91 42.32 493.75 43.41 181.77 World Less China 61.61 352.18 39.72 348.52 40.81 65.27 United States 1.42 5.88 1.19 4.59 2.99 0.91 Total Foreign 175.19 493.03 41.14 489.16 40.42 180.86 Major Exporters 4/ 36.69 183.69 0.66 149.30 30.51 41.22 Burma 1.06 12.65 0.00 10.40 2.30 1.01 India 29.50 118.87 0.00 101.95 12.52 33.90 Pakistan 0.95 7.41 0.01 3.40 3.82 1.15 Thailand 4.08 17.66 0.25 12.30 5.71 3.98 Vietnam 1.10 27.10 0.40 21.25 6.17 1.18 Major Importers 5/ 127.82 239.80 13.97 249.85 3.18 128.55 China 115.00 146.73 2.60 145.23 2.60 116.50 European Union 6/ 1.19 1.99 2.00 3.39 0.53 1.26 Indonesia 4.06 34.70 0.55 36.00 0.00 3.31 Nigeria 1.22 5.04 1.40 6.85 0.00 0.81 Philippines 3.52 11.93 2.45 14.30 0.00 3.60 Sel. Mideast 7/ 0.89 2.34 3.97 5.98 0.00 1.22 Selected Other 0.00 Brazil 0.25 7.60 0.87 7.30 1.22 0.21 C. Amer & Carib 8/ 0.58 1.60 1.86 3.39 0.04 0.61 Egypt 0.95 4.30 0.30 4.30 0.02 1.23 Japan 2.05 7.61 0.71 8.35 0.03 1.98 Mexico 0.15 0.18 0.80 0.94 0.02 0.18 South Korea 1.09 3.74 0.45 4.10 0.06 1.14 2020/21 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 181.77 507.30 46.81 501.59 49.58 187.49 World Less China 65.27 359.00 42.31 351.01 47.35 70.99 United States 0.91 7.23 1.08 4.85 2.98 1.39 Total Foreign 180.86 500.07 45.72 496.74 46.59 186.10 Major Exporters 4/ 41.22 189.36 1.86 148.51 37.47 46.46 Burma 1.01 12.60 0.00 10.60 1.65 1.36 India 33.90 122.27 0.00 100.01 20.17 36.00 Pakistan 1.15 8.18 0.01 3.70 3.85 1.79 Thailand 3.98 18.86 0.20 12.70 5.60 4.74 Vietnam 1.18 27.44 1.65 21.50 6.20 2.57 Major Importers 5/ 128.55 240.73 17.23 255.58 2.69 128.24 China 116.50 148.30 4.50 150.58 2.22 116.50 European Union 6/ 1.26 1.95 1.78 3.40 0.44 1.15 Indonesia 3.31 35.30 0.60 35.80 0.00 3.41 Nigeria 0.81 4.89 1.90 6.90 0.00 0.70 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.50 5.90 0.00 1.12 Selected Other 0.00 Brazil 0.21 8.00 0.70 7.45 0.85 0.61 C. Amer & Carib 8/ 0.61 1.60 1.74 3.35 0.04 0.56 Egypt 1.23 4.00 0.35 4.30 0.01 1.28 Japan 1.98 7.57 0.69 8.25 0.08 1.91 Mexico 0.18 0.20 0.80 0.96 0.02 0.20 South Korea 1.14 3.51 0.45 4.00 0.06 1.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2021 WASDE - 618 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2021/22 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 185.24 510.70 46.79 512.31 49.72 183.63 Nov 187.49 511.72 47.36 511.27 49.66 187.94 World Less China Oct 68.74 361.70 42.79 357.21 47.32 71.63 Nov 70.99 362.72 42.86 356.37 47.56 74.94 United States Oct 1.39 6.05 1.14 4.64 2.89 1.06 Nov 1.39 6.15 1.11 4.68 2.86 1.11 Total Foreign Oct 183.86 504.65 45.65 507.67 46.83 182.57 Nov 186.10 505.57 46.25 506.58 46.80 186.83 Major Exporters 4/ Oct 43.61 192.40 0.71 153.85 37.40 45.47 Nov 46.46 192.40 0.71 152.45 37.70 49.42 Burma Oct 1.31 12.60 0.00 10.65 2.00 1.27 Nov 1.36 12.60 0.00 10.70 1.80 1.47 India Oct 33.50 125.00 0.00 105.00 18.50 35.00 Nov 36.00 125.00 0.00 103.50 19.00 38.50 Pakistan Oct 1.79 8.20 0.01 3.90 4.00 2.10 Nov 1.79 8.20 0.01 3.90 4.00 2.10 Thailand Oct 4.74 19.50 0.20 13.00 6.50 4.94 Nov 4.74 19.50 0.20 13.00 6.50 4.94 Vietnam Oct 2.27 27.10 0.50 21.30 6.40 2.17 Nov 2.57 27.10 0.50 21.35 6.40 2.42 Major Importers 5/ Oct 128.30 243.14 17.05 260.62 2.97 124.90 Nov 128.24 243.14 17.63 260.62 2.60 125.80 China Oct 116.50 149.00 4.00 155.10 2.40 112.00 Nov 116.50 149.00 4.50 154.90 2.10 113.00 European Union 6/ Oct 1.14 1.89 2.00 3.45 0.55 1.03 Nov 1.15 1.89 1.93 3.44 0.48 1.06 Indonesia Oct 3.41 35.35 0.60 35.60 0.00 3.76 Nov 3.41 35.35 0.60 35.60 0.00 3.76 Nigeria Oct 0.70 5.00 2.00 6.95 0.00 0.75 Nov 0.70 5.00 2.00 6.95 0.00 0.75 Philippines Oct 3.76 12.30 2.20 14.55 0.00 3.71 Nov 3.76 12.30 2.20 14.55 0.00 3.71 Sel. Mideast 7/ Oct 1.12 2.15 3.90 6.07 0.00 1.11 Nov 1.12 2.15 3.85 5.98 0.00 1.15 Selected Other Brazil Oct 0.61 8.02 0.65 7.45 1.05 0.78 Nov 0.61 8.02 0.65 7.45 1.05 0.78 C. Amer & Carib 8/ Oct 0.56 1.65 1.89 3.44 0.02 0.63 Nov 0.56 1.65 1.89 3.44 0.02 0.63 Egypt Oct 1.28 2.90 0.90 4.25 0.01 0.82 Nov 1.28 2.90 0.90 4.25 0.01 0.82 Japan Oct 1.90 7.56 0.69 8.20 0.07 1.88 Nov 1.91 7.56 0.69 8.20 0.07 1.88 Mexico Oct 0.21 0.22 0.80 0.97 0.01 0.25 Nov 0.20 0.22 0.80 0.97 0.01 0.24 South Korea Oct 1.04 3.82 0.41 3.95 0.06 1.26 Nov 1.04 3.82 0.41 3.95 0.06 1.26 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2021 WASDE - 618 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 79.51 121.40 40.81 103.07 41.23 -0.04 97.45 World Less China 43.84 94.15 33.67 70.07 41.08 -0.04 60.55 United States 4.85 19.91 3/ 2.15 15.51 -0.15 7.25 Total Foreign 74.66 101.49 40.81 100.92 25.72 0.11 90.20 Major Exporters 4/ 27.75 57.81 2.92 28.17 21.23 0.02 39.05 Central Asia 5/ 2.28 5.96 3/ 3.92 1.78 0.00 2.55 Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.13 4.66 0.00 2.53 S. Hemis. 7/ 15.34 16.69 0.14 3.56 11.34 0.01 17.25 Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80 Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40 India 8.40 28.80 2.28 20.00 3.20 0.00 16.28 Major Importers 8/ 44.95 40.62 35.44 69.04 3.19 0.09 48.69 Mexico 0.69 1.57 0.59 1.48 0.66 0.03 0.69 China 35.67 27.25 7.14 33.00 0.16 0.00 36.90 European Union 9/ 0.29 2.00 0.58 0.59 1.82 0.01 0.44 Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77 Pakistan 2.50 6.20 3.98 9.40 0.06 0.03 3.19 Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64 Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10 Bangladesh 1.78 0.14 7.50 6.90 0.00 0.01 2.52 Vietnam 1.23 3/ 6.48 6.60 0.00 0.00 1.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 97.45 112.16 49.01 120.88 48.41 0.05 89.28 World Less China 60.55 82.66 36.15 80.88 48.40 0.05 50.03 United States 7.25 14.61 3/ 2.40 16.37 -0.06 3.15 Total Foreign 90.20 97.55 49.01 118.48 32.03 0.11 86.13 Major Exporters 4/ 39.05 54.69 1.60 33.95 27.49 0.02 33.88 Central Asia 5/ 2.55 5.80 0.01 4.17 1.97 0.00 2.21 Afr. Fr. Zone 6/ 2.53 4.84 3/ 0.13 5.05 0.00 2.20 S. Hemis. 7/ 17.25 15.69 0.14 4.03 13.73 0.01 15.32 Australia 0.80 2.80 3/ 0.04 1.56 0.00 2.00 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 16.28 28.00 0.84 25.00 6.19 0.00 13.94 Major Importers 8/ 48.69 39.75 45.06 80.69 3.10 0.09 49.62 Mexico 0.69 1.02 0.93 1.70 0.49 0.03 0.43 China 36.90 29.50 12.86 40.00 0.01 0.00 39.25 European Union 9/ 0.44 1.68 0.56 0.59 1.96 0.01 0.13 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.19 4.50 5.33 10.70 0.03 0.03 2.27 Indonesia 0.64 3/ 2.31 2.50 0.01 0.00 0.45 Thailand 0.10 3/ 0.60 0.57 0.00 0.03 0.11 Bangladesh 2.52 0.15 8.75 8.50 0.00 0.01 2.90 Vietnam 1.11 3/ 7.31 7.30 0.00 0.00 1.12 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2021 WASDE - 618 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 90.30 120.28 46.45 123.40 46.43 0.06 87.13 Nov 89.28 121.79 46.62 124.10 46.61 0.06 86.93 World Less China Oct 51.04 93.53 35.95 83.40 46.38 0.06 50.67 Nov 50.03 95.04 36.12 84.10 46.56 0.06 50.48 United States Oct 3.15 18.00 0.01 2.50 15.50 -0.04 3.20 Nov 3.15 18.20 0.01 2.50 15.50 -0.05 3.40 filler filler filler filler filler filler filler Total Foreign Oct 87.15 102.28 46.44 120.90 30.93 0.11 83.93 Nov 86.13 103.59 46.62 121.60 31.11 0.11 83.53 Major Exporters 4/ Oct 34.61 59.42 1.78 34.73 26.55 0.02 34.51 Nov 33.88 60.78 1.78 35.03 26.97 0.02 34.42 Central Asia 5/ Oct 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Nov 2.21 5.48 0.02 4.28 1.46 0.00 1.96 Afr. Fr. Zone 6/ Oct 2.20 5.86 3/ 0.13 5.92 0.00 2.00 Nov 2.20 5.92 3/ 0.13 5.94 0.00 2.04 S. Hemis. 7/ Oct 15.24 19.63 0.16 4.20 12.93 0.01 17.90 Nov 15.32 20.93 0.16 4.20 13.33 0.01 18.87 Australia Oct 1.96 4.70 3/ 0.04 3.60 0.00 3.03 Nov 2.00 5.30 3/ 0.04 3.90 0.00 3.37 filler filler filler filler filler filler filler Brazil Oct 11.12 12.50 0.03 3.20 8.00 0.00 12.44 Nov 11.12 13.20 0.03 3.20 8.10 0.00 13.04 India Oct 14.74 28.00 1.00 25.50 5.80 0.00 12.44 Nov 13.94 28.00 1.00 25.80 5.80 0.00 11.34 Major Importers 8/ Oct 49.91 39.74 42.04 82.14 2.72 0.09 46.75 Nov 49.62 39.70 42.21 82.54 2.48 0.09 46.43 Mexico Oct 0.41 1.05 1.00 1.70 0.30 0.03 0.44 Nov 0.43 1.05 1.08 1.80 0.30 0.03 0.43 China Oct 39.26 26.75 10.50 40.00 0.05 0.00 36.46 Nov 39.25 26.75 10.50 40.00 0.05 0.00 36.45 European Union 9/ Oct 0.12 1.69 0.60 0.62 1.65 0.00 0.14 Nov 0.13 1.44 0.60 0.62 1.41 0.00 0.14 Turkey Oct 2.71 3.60 5.20 8.40 0.65 0.00 2.46 Nov 2.71 3.60 5.20 8.40 0.65 0.00 2.46 Pakistan Oct 2.57 6.50 5.00 11.20 0.05 0.03 2.79 Nov 2.27 6.70 5.00 11.40 0.05 0.03 2.49 Indonesia Oct 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Nov 0.45 3/ 2.50 2.50 0.01 0.00 0.44 Thailand Oct 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Nov 0.11 3/ 0.60 0.58 0.00 0.03 0.10 Bangladesh Oct 2.90 0.15 8.20 8.70 0.00 0.01 2.54 Nov 2.90 0.15 8.30 8.80 0.00 0.01 2.54 Vietnam Oct 1.12 3/ 7.30 7.30 0.00 0.00 1.13 Nov 1.12 3/ 7.30 7.30 0.00 0.00 1.13 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2021 WASDE - 618 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 114.10 339.89 164.97 312.48 358.40 165.06 95.49 World Less China 94.64 321.79 66.44 220.98 249.20 164.97 68.69 United States 24.74 96.67 0.42 58.91 61.85 45.70 14.28 Total Foreign 89.36 243.22 164.56 253.57 296.56 119.36 81.22 Major Exporters 3/ 61.73 189.54 5.45 89.09 99.05 110.68 46.99 Argentina 28.89 48.80 4.88 38.77 45.92 10.00 26.65 Brazil 32.47 128.50 0.55 46.74 49.39 92.14 20.00 Paraguay 0.35 10.25 0.01 3.50 3.66 6.62 0.33 Major Importers 4/ 22.07 21.76 131.88 120.06 145.92 0.34 29.45 China 19.46 18.10 98.53 91.50 109.20 0.09 26.80 European Union 1.52 2.62 14.95 15.60 17.32 0.23 1.54 Southeast Asia 0.74 0.60 9.32 4.50 9.81 0.02 0.83 Mexico 0.18 0.24 5.75 6.00 6.05 0.00 0.11 2020/21 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 95.49 366.23 166.24 316.04 363.05 164.80 100.11 World Less China 68.69 346.63 66.47 223.04 251.45 164.73 65.62 United States 14.28 114.75 0.54 58.26 60.94 61.66 6.97 Total Foreign 81.22 251.48 165.70 257.79 302.11 103.14 93.14 Major Exporters 3/ 46.99 195.81 5.85 90.28 100.37 95.08 53.20 Argentina 26.65 46.20 4.82 40.16 47.41 5.19 25.06 Brazil 20.00 138.00 1.02 46.75 49.42 81.65 27.95 Paraguay 0.33 9.90 0.01 3.30 3.47 6.60 0.17 Major Importers 4/ 29.45 23.24 133.52 122.38 149.26 0.29 36.66 China 26.80 19.60 99.76 93.00 111.60 0.07 34.49 European Union 1.54 2.58 15.00 16.10 17.82 0.20 1.09 Southeast Asia 0.83 0.58 9.68 4.81 10.25 0.02 0.82 Mexico 0.11 0.25 6.00 6.20 6.25 0.00 0.10 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Oct 99.16 385.14 170.62 328.39 377.27 173.08 104.57 Nov 100.11 384.01 169.78 328.82 378.03 172.09 103.78 World Less China Oct 65.44 366.14 69.62 230.39 259.57 172.98 68.65 Nov 65.62 365.01 69.78 230.82 260.33 171.99 68.09 United States Oct 6.97 121.06 0.41 59.60 62.85 56.88 8.71 Nov 6.97 120.43 0.41 59.60 62.77 55.79 9.25 Total Foreign Oct 92.19 264.08 170.21 268.79 314.43 116.20 95.86 Nov 93.14 263.58 169.37 269.21 315.27 116.30 94.53 Major Exporters 3/ Oct 52.89 208.10 5.37 93.53 103.76 108.38 54.22 Nov 53.20 206.60 5.47 93.53 103.76 108.38 53.13 Argentina Oct 25.75 51.00 4.70 42.00 49.40 6.35 25.70 Nov 25.06 49.50 4.80 42.00 49.40 5.35 24.61 Brazil Oct 26.95 144.00 0.65 47.70 50.35 93.00 28.25 Nov 27.95 144.00 0.65 47.70 50.35 94.00 28.25 Paraguay Oct 0.17 10.50 0.01 3.75 3.93 6.50 0.26 Nov 0.17 10.50 0.01 3.75 3.93 6.50 0.26 Major Importers 4/ Oct 35.92 22.80 135.35 127.73 155.67 0.35 38.05 Nov 36.66 22.82 134.40 127.73 155.72 0.35 37.82 China Oct 33.72 19.00 101.00 98.00 117.70 0.10 35.92 Nov 34.49 19.00 100.00 98.00 117.70 0.10 35.69 European Union Oct 1.09 2.73 15.00 15.90 17.62 0.23 0.98 Nov 1.09 2.75 15.00 15.90 17.62 0.23 1.00 Southeast Asia Oct 0.82 0.53 9.85 4.98 10.36 0.02 0.82 Nov 0.82 0.53 9.90 4.98 10.41 0.02 0.82 Mexico Oct 0.10 0.30 6.20 6.40 6.45 0.00 0.15 Nov 0.10 0.30 6.20 6.40 6.45 0.00 0.15 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to roun ding. November 2021 WASDE - 618 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.87 245.63 62.22 240.89 67.72 14.13 World Less China 14.87 173.17 62.17 169.38 66.71 14.13 United States 0.37 46.36 0.58 34.44 12.55 0.31 Total Foreign 14.51 199.28 61.64 206.45 55.17 13.82 Major Exporters 3/ 6.91 73.19 0.03 27.37 45.85 6.91 Argentina 2.99 30.24 0.00 3.20 27.46 2.57 Brazil 3.54 36.23 0.01 18.50 17.50 3.78 India 0.38 6.72 0.02 5.67 0.89 0.57 Major Importers 4/ 2.16 22.44 37.28 59.18 1.10 1.61 European Union 0.86 12.32 16.33 28.32 0.88 0.33 Mexico 0.26 4.75 1.82 6.73 0.01 0.10 Southeast Asia 5/ 1.00 3.51 17.27 20.54 0.21 1.04 China 0.00 72.47 0.05 71.51 1.01 0.00 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 14.13 248.52 63.92 244.99 68.89 12.69 World Less China 14.13 174.87 63.85 172.31 67.84 12.69 United States 0.31 45.87 0.71 34.09 12.49 0.31 Total Foreign 13.82 202.65 63.21 210.90 56.40 12.38 Major Exporters 3/ 6.91 75.18 0.45 28.42 47.10 7.02 Argentina 2.57 31.32 0.00 3.33 28.32 2.24 Brazil 3.78 36.24 0.01 19.10 16.63 4.30 India 0.57 7.62 0.44 6.00 2.15 0.48 Major Importers 4/ 1.61 23.09 37.38 59.56 1.21 1.31 European Union 0.33 12.73 16.65 28.67 0.75 0.29 Mexico 0.10 4.90 1.90 6.78 0.01 0.12 Southeast Asia 5/ 1.04 3.75 16.99 20.53 0.45 0.80 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 12.44 258.13 65.69 253.37 70.45 12.44 Nov 12.69 258.52 65.72 252.98 70.85 13.09 World Less China Oct 12.44 180.51 65.63 176.79 69.35 12.44 Nov 12.69 180.90 65.66 176.41 69.75 13.09 United States Oct 0.36 46.86 0.41 34.38 12.88 0.36 Nov 0.31 46.91 0.41 34.38 12.88 0.36 Total Foreign Oct 12.08 211.27 65.28 218.99 57.57 12.08 Nov 12.38 211.61 65.31 218.60 57.97 12.73 Major Exporters 3/ Oct 6.75 77.43 0.85 30.38 48.00 6.64 Nov 7.02 77.75 0.85 30.03 48.40 7.18 Argentina Oct 1.97 32.75 0.00 3.40 29.30 2.02 Nov 2.24 32.75 0.00 3.40 29.30 2.29 Brazil Oct 4.30 36.97 0.02 20.00 17.00 4.28 Nov 4.30 36.97 0.02 20.00 17.00 4.28 India Oct 0.48 7.71 0.83 6.98 1.70 0.34 Nov 0.48 8.03 0.83 6.63 2.10 0.61 Major Importers 4/ Oct 1.36 23.36 38.10 60.29 1.09 1.43 Nov 1.31 23.36 38.13 60.32 1.09 1.38 European Union Oct 0.34 12.57 17.00 28.59 0.85 0.46 Nov 0.29 12.57 17.00 28.59 0.85 0.41 Mexico Oct 0.12 5.06 1.93 7.00 0.01 0.09 Nov 0.12 5.06 1.93 7.00 0.01 0.09 Southeast Asia 5/ Oct 0.80 3.88 17.37 21.04 0.24 0.77 Nov 0.80 3.88 17.40 21.07 0.24 0.77 China Oct 0.00 77.62 0.06 76.58 1.10 0.00 Nov 0.00 77.62 0.06 76.58 1.10 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. November 2021 WASDE - 618 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2019/20 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.36 58.54 11.40 57.25 12.31 4.75 World Less China 3.86 42.15 10.40 40.15 12.15 4.10 United States 0.81 11.30 0.15 10.12 1.29 0.84 Total Foreign 3.56 47.24 11.25 47.12 11.02 3.91 Major Exporters 3/ 1.07 20.33 0.55 12.42 8.12 1.41 Argentina 0.43 7.70 0.00 2.18 5.40 0.55 Brazil 0.32 9.00 0.07 7.77 1.16 0.47 European Union 0.26 2.96 0.48 2.43 0.93 0.35 Major Importers 4/ 1.24 19.43 7.04 25.89 0.47 1.35 China 0.50 16.40 1.00 17.09 0.16 0.65 India 0.14 1.51 3.63 5.12 0.02 0.14 North Africa 5/ 0.32 1.05 1.79 2.47 0.29 0.40 2020/21 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.75 59.32 11.92 59.42 12.24 4.34 World Less China 4.10 42.66 10.69 41.61 12.20 3.64 United States 0.84 11.35 0.14 10.56 0.78 0.99 Total Foreign 3.91 47.97 11.78 48.86 11.46 3.35 Major Exporters 3/ 1.41 20.59 0.72 12.56 8.98 1.18 Argentina 0.55 7.90 0.00 2.04 6.14 0.27 Brazil 0.47 9.00 0.25 7.96 1.27 0.49 European Union 0.35 3.06 0.48 2.51 0.98 0.40 Major Importers 4/ 1.35 19.93 7.06 27.02 0.18 1.15 China 0.65 16.67 1.23 17.81 0.04 0.70 India 0.14 1.71 3.65 5.34 0.01 0.15 North Africa 5/ 0.40 1.04 1.54 2.64 0.13 0.21 2021/22 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Oct 4.32 61.69 11.82 61.27 12.56 4.01 Nov 4.34 61.74 11.89 61.34 12.58 4.05 World Less China Oct 3.55 44.13 10.65 42.71 12.41 3.21 Nov 3.64 44.18 10.79 42.88 12.43 3.30 United States Oct 0.94 11.58 0.20 11.34 0.57 0.82 Nov 0.99 11.58 0.20 11.34 0.57 0.87 Total Foreign Oct 3.38 50.11 11.62 49.93 11.99 3.19 Nov 3.35 50.16 11.69 50.00 12.01 3.18 Major Exporters 3/ Oct 1.18 21.26 0.53 12.75 9.14 1.08 Nov 1.18 21.26 0.53 12.75 9.14 1.08 Argentina Oct 0.27 8.35 0.00 2.10 6.25 0.27 Nov 0.27 8.35 0.00 2.10 6.25 0.27 Brazil Oct 0.49 9.18 0.08 7.99 1.30 0.46 Nov 0.49 9.18 0.08 7.99 1.30 0.46 European Union Oct 0.40 3.02 0.45 2.61 0.95 0.32 Nov 0.40 3.02 0.45 2.61 0.95 0.32 Major Importers 4/ Oct 1.20 21.13 7.08 27.78 0.42 1.21 Nov 1.15 21.18 7.11 27.84 0.42 1.19 China Oct 0.77 17.56 1.18 18.56 0.15 0.80 Nov 0.70 17.56 1.10 18.46 0.15 0.75 India Oct 0.15 1.75 3.63 5.35 0.02 0.16 Nov 0.15 1.80 3.73 5.50 0.02 0.16 North Africa 5/ Oct 0.18 1.20 1.60 2.57 0.25 0.16 Nov 0.21 1.20 1.60 2.57 0.25 0.20 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. November 2021 WASDE - 618 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2020 IV 7,069 7,515 14,633 11,047 1,451 12,630 27,263 2,371 55.6 Annual 27,174 28,303 55,680 44,583 5,743 50,876 106,556 9,283 223.2 2021 I 6,895 7,291 14,235 10,893 1,390 12,410 26,645 2,306 56.8 II 6,957 6,668 13,673 11,231 1,399 12,770 26,443 2,303 58.1 III 6,978 6,529 13,551 11,579 1,403 13,121 26,672 2,331 55.9 IV* 7,055 7,190 14,292 11,125 1,420 12,680 26,972 2,405 55.6 Annual Oct Proj. 27,832 27,674 55,696 44,724 5,609 50,865 106,561 9,319 227.0 Nov Proj. 27,885 27,678 55,751 44,828 5,612 50,981 106,732 9,345 226.4 2022 I* 6,895 6,980 13,924 11,015 1,400 12,550 26,474 2,340 56.9 II* 6,730 6,480 13,259 11,300 1,405 12,845 26,104 2,340 58.2 III* 6,720 6,825 13,592 11,590 1,435 13,170 26,762 2,365 56.5 Annual Oct Proj. 26,995 27,585 54,775 45,240 5,695 51,480 106,255 9,460 229.7 Nov Proj. 27,000 27,585 54,779 45,240 5,700 51,490 106,269 9,470 228.1 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2020 IV 108.18 50.75 75.7 113.6 107.2 19.80 Annual 108.51 43.18 73.2 106.5 112.2 18.24 2021 I 112.98 55.71 84.0 110.1 127.8 17.33 II 120.75 80.92 104.4 117.7 94.2 18.67 III 123.51 76.15 105.4 129.7 120.1 18.00 IV* 128.00 57.00 105.0 135.0 125.0 20.00 Annual Oct Proj. 121.06 69.45 98.4 121.6 118.0 18.45 Nov Proj. 121.31 67.45 99.7 123.1 116.8 18.50 2022 I* 132.00 62.00 105.0 123.0 121.0 20.25 II* 129.00 64.00 106.0 121.0 110.0 20.15 III* 127.00 60.00 95.0 122.0 111.0 19.85 Annual Oct Proj. 129 61 98 121 117 19.20 Nov Proj. 130 60 99 122 117 20.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. November 2021 WASDE - 618 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2020 642 27,244 3,342 31,227 2,951 716 27,561 58.4 2021 Proj. Oct 716 27,902 3,187 31,804 3,414 640 27,750 58.6 Nov 716 27,955 3,260 31,930 3,455 640 27,835 58.8 2022 Proj. Oct 640 27,065 3,165 30,870 3,270 640 26,960 56.8 Nov 640 27,070 3,240 30,950 3,270 640 27,040 57.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2020 646 28,318 904 29,869 7,280 467 22,121 52.0 2021 Proj. Oct 467 27,689 1,107 29,264 7,199 460 21,605 50.6 Nov 467 27,693 1,145 29,306 7,193 480 21,633 50.7 2022 Proj. Oct 460 27,600 1,145 29,205 7,405 505 21,295 49.7 Nov 480 27,600 1,175 29,255 7,405 495 21,355 49.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2020 1,330 55,774 4,547 61,651 10,235 1,217 50,199 111.8 2021 Proj. Oct 1,217 55,790 4,627 61,635 10,617 1,130 49,888 110.6 Nov 1,217 55,846 4,762 61,825 10,651 1,150 50,024 110.9 2022 Proj. Oct 1,130 54,870 4,628 60,628 10,680 1,180 48,768 107.8 Nov 1,150 54,874 4,761 60,785 10,678 1,170 48,936 108.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2020 937 44,106 145 45,188 7,367 830 36,991 96.2 2021 Proj. Oct 830 44,245 149 45,224 7,491 760 36,974 95.8 Nov 830 44,348 147 45,325 7,545 760 37,020 96.0 2022 Proj. Oct 760 44,756 145 45,661 7,410 775 37,476 96.8 Nov 760 44,756 145 45,661 7,465 775 37,421 96.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2020 233 5,743 21 5,997 571 223 5,203 15.8 2021 Proj. Oct 223 5,609 22 5,854 558 195 5,101 15.4 Nov 223 5,612 22 5,857 566 195 5,096 15.4 2022 Proj. Oct 195 5,695 21 5,911 560 200 5,151 15.5 Nov 195 5,700 21 5,916 570 200 5,146 15.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2020 1,175 50,398 167 51,740 8,013 1,057 42,670 113.4 2021 Proj. Oct 1,057 50,386 174 51,617 8,100 960 42,557 112.7 Nov 1,057 50,501 172 51,730 8,162 961 42,607 112.8 2022 Proj. Oct 960 50,995 169 52,124 8,026 980 43,118 113.8 Nov 961 51,005 169 52,135 8,091 980 43,064 113.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2020 2,504 106,172 4,715 113,391 18,248 2,274 92,869 225.3 2021 Proj. Oct 2,274 106,176 4,801 113,252 18,717 2,090 92,445 223.3 Nov 2,274 106,346 4,934 113,555 18,813 2,111 92,631 223.8 2022 Proj. Oct 2,090 105,865 4,797 112,752 18,706 2,160 91,886 221.6 Nov 2,111 105,879 4,930 112,920 18,769 2,150 92,001 222.0 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2021 WASDE - 618 - 33 U.S. Egg Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 22.7 31.6 24.5 24.5 21.0 20.0 Production 9,441.8 9,283.4 9,318.8 9,345.2 9,460.0 9,470.0 Imports 14.6 15.5 17.9 17.9 16.0 16.0 Total Supply 9,479.1 9,330.5 9,361.2 9,387.5 9,497.0 9,506.0 Use Exports 333.8 344.0 405.0 417.0 374.0 380.0 Hatching Use 1,081.2 1,078.5 1,116.7 1,107.1 1,140.0 1,140.0 Ending Stocks 31.6 24.5 21.0 20.0 24.0 23.0 Disappearance Total 8,032.5 7,883.5 7,818.5 7,843.4 7,959.0 7,963.0 Per Capita (number) 293.4 286.5 283.1 284.0 287.2 287.5 Total U.S. Milk Supply and Use Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 218.4 223.2 227.0 226.4 229.7 228.1 Farm Use 1.0 1.1 1.1 1.1 1.1 1.1 Fat Basis Supply Beg. Commercial Stocks 13.8 13.6 15.6 15.6 15.5 14.9 Marketings 217.4 222.1 226.0 225.3 228.6 227.0 Imports 6.9 6.8 6.6 6.4 6.7 6.5 Total Cml. Supply 238.1 242.5 248.2 247.4 250.8 248.5 Fat Basis Use Commercial Exports 9.1 9.3 11.8 11.9 11.0 11.4 Ending Commercial Stocks 13.6 15.6 15.5 14.9 15.3 14.7 CCC Donations 0.2 0.3 0.0 0.0 0.0 0.0 Domestic Commercial Use 215.2 217.4 220.8 220.6 224.5 222.3 Skim -solid Basis Supply Beg. Commercial Stocks 10.7 10.2 10.9 10.9 11.0 11.0 Marketings 217.4 222.1 226.0 225.3 228.6 227.0 Imports 5.8 5.6 5.6 5.7 5.5 5.5 Total Cml. Supply 233.9 237.9 242.5 241.9 245.1 243.5 Skim -solid Basis Use Commercial Exports 41.5 47.2 51.4 51.4 51.8 51.8 Ending Commercial Stocks 10.2 10.9 11.0 11.0 11.1 10.9 CCC Donations 0.2 0.1 0.0 0.0 0.0 0.0 Domestic Commercial Use 182.0 179.7 180.0 179.5 182.2 180.8 Total CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. November 2021 WASDE - 618 - 34 U.S. Dairy Prices Commodity 2019 2020 2021 Proj. 2021 Proj. 2022 Proj. 2022 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.7586 1.9236 1.680 1.670 1.715 1.765 Butter 2.2431 1.5808 1.685 1.720 1.755 1.910 Nonfat Dry Milk 1.0419 1.0417 1.245 1.270 1.380 1.485 Dry Whey 0.3799 0.3621 0.565 0.570 0.510 0.530 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.96 18.16 17.05 16.95 17.10 17.75 Class IV 16.30 13.49 15.70 16.00 17.15 18.70 All Milk 3/ 18.65 18.24 18.45 18.50 19.20 20.25 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . November 2021 WASDE - 618 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2 percent. The average difference between the November projection and the final estimate is 5.3 million tons, ranging from 0.1 million to 18.1 million tons. The November projection has been below the estimate 29 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.0 5.3 0.1 18.1 29 11 U.S. 0.4 0.7 0.2 0.0 1.2 20 13 Foreign 1.3 2.2 5.3 0.0 18.2 29 11 Exports World 5.6 9.6 6.2 0.2 19.2 33 7 U.S. 7.4 12.5 1.9 0.2 8.6 19 21 Foreign 6.9 11.7 6.0 0.3 17.2 35 5 Domestic Use World 1.4 2.4 6.4 0.0 28.5 24 15 U.S. 5.9 10.0 1.6 0.1 3.6 11 29 Foreign 1.5 2.5 6.5 0.5 28.7 27 13 Ending Stocks World 6.3 10.7 8.5 0.9 32.1 30 10 U.S. 11.1 18.9 2.0 0.2 7.0 25 15 Foreign 6.5 11.0 7.3 0.8 31.2 30 10 COARSE GRAINS 2/ Production World 1.6 2.7 13.5 0.2 47.3 30 10 U.S. 1.3 2.3 2.6 0.0 9.9 19 21 Foreign 2.2 3.7 13.4 0.2 48.8 30 10 Exports World 6.6 11.2 6.6 0.1 29.7 28 12 U.S. 15.7 26.7 5.8 0.4 14.7 21 19 Foreign 12.2 20.6 7.1 0.3 23.5 27 13 Domestic Use World 1.3 2.3 10.8 0.2 41.9 23 17 U.S. 3.6 6.0 5.1 0.2 17.2 18 22 Foreign 1.6 2.6 9.8 0.3 42.2 26 14 Ending Stocks World 12.2 20.6 12.5 0.3 39.6 32 8 U.S. 20.7 35.2 7.7 0.6 23.9 22 18 Foreign 15.9 26.9 10.9 0.2 31.1 36 4 RICE, milled Production World 2.1 3.5 5.8 0.1 16.8 33 7 U.S. 2.8 4.8 0.1 0.0 0.5 20 17 Foreign 2.1 3.6 5.8 0.2 16.9 33 7 Exports World 9.2 15.6 1.9 0.1 6.0 31 9 U.S. 9.3 15.7 0.2 0.0 0.7 20 17 Foreign 10.5 17.8 1.9 0.0 6.0 29 11 Domestic Use World 1.7 2.8 3.9 0.1 17.5 33 7 U.S. 8.3 14.1 0.2 0.0 0.6 21 19 Foreign 1.7 2.9 3.9 0.0 17.7 34 6 Ending Stocks World 10.5 17.8 5.4 0.1 24.6 33 7 U.S. 22.8 38.6 0.2 0.0 0.8 22 18 Foreign 10.9 18.5 5.4 0.1 24.4 33 7 1/ Footnotes at end of table. CONTINUED November 2021 WASDE - 618 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 3.9 6.6 5.8 0.0 25.1 24 16 U.S. 2.1 3.6 1.2 0.1 4.7 17 23 Foreign 6.4 10.9 5.6 0.0 26.4 21 19 Exports World 7.2 12.2 3.7 0.0 14.8 25 15 U.S. 9.9 16.8 2.4 0.1 7.1 25 15 Foreign 17.9 30.3 3.2 0.1 17.5 20 20 Domestic Use World 2.8 4.8 4.1 0.0 14.2 23 17 U.S. 3.6 6.1 1.3 0.0 3.8 27 13 Foreign 3.5 6.0 3.9 0.2 12.8 23 17 Ending Stocks World 16.0 27.1 4.5 0.0 18.4 22 18 U.S. 47.6 80.8 2.2 0.1 7.3 11 29 Foreign 17.0 28.9 4.0 0.1 18.2 23 17 COTTON Million 480 -Pound Bales Production World 3.5 6.0 2.5 0.1 9.3 24 16 U.S. 4.0 6.8 0.4 0.0 2.5 19 20 Foreign 4.1 6.9 2.4 0.1 8.9 25 15 Exports World 7.9 13.4 2.1 0.1 10.3 26 14 U.S. 16.9 28.6 1.1 0.1 3.2 24 16 Foreign 10.2 17.3 1.6 0.0 8.9 21 18 Domestic Use World 4.6 7.8 3.1 0.0 19.4 19 20 U.S. 9.5 16.2 0.3 0.0 1.1 19 21 Foreign 4.6 7.8 3.0 0.0 18.6 20 20 Ending Stocks World 12.2 20.7 5.3 0.3 18.4 25 15 U.S. 37.2 63.1 1.2 0.1 4.1 14 26 Foreign 12.9 21.9 5.0 0.0 17.3 27 13 1/ Marketing years 1981/82 through 2020/21 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2019/20, and for 2020/21 the last mo nth’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2021 WASDE - 618 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.4 2.3 96 0 396 19 20 Exports 16.2 27.6 205 9 575 19 21 Domestic Use 3.8 6.4 194 3 574 23 17 Ending Stocks 23.4 39.7 303 17 986 20 20 SORGHUM Production 4.1 6.9 14 1 53 21 19 Exports 20.5 34.8 32 0 123 23 16 Domestic Use 19.8 33.5 35 0 127 18 21 Ending Stocks 48.2 81.7 24 2 104 14 26 BARLEY Production 1.6 2.7 4 0 24 18 10 Exports 39.8 67.5 9 0 37 16 19 Domestic Use 7.6 12.9 17 0 70 15 24 Ending Stocks 13.7 23.3 13 0 38 25 13 OATS Production 1.1 1.9 2 0 18 8 9 Exports 70.3 119.4 1 0 7 10 10 Domestic Use 5.4 9.2 12 1 39 15 25 Ending Stocks 20.2 34.3 13 1 52 26 14 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,072 14 3,250 25 15 Exports 11.4 19.3 717 0 3,600 22 15 Domestic Use 3.3 5.6 732 30 2,350 19 21 Ending Stocks 27.7 47.0 44 0 249 15 13 SOYBEAN OIL Million Pounds Production 3.8 6.5 516 40 2,240 28 12 Exports 29.6 50.2 379 0 1,425 21 18 Domestic Use 3.8 6.4 474 56 1,828 26 14 Ending Stocks 23.0 39.0 340 0 1,077 21 18 ANIMAL PROD. Million Pounds Beef 3.7 6.3 760 92 2,461 26 13 Pork 3.1 5.3 426 2 1,592 21 18 Broilers 1.8 3.1 397 17 1,394 24 15 Turkeys 3.4 5.7 136 2 444 21 18 Million Dozen Eggs 1.9 3.3 111 2 513 26 13 Billion Pounds Milk 1.5 2.6 1.9 0.1 6.0 20 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2020/21 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2020/21. Calendar years 1982 through 2020 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2020. WASDE- 618-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD i s located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 Register Today https://www.usda.gov/oce/ag -outlook -forum For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at mirvat. [email protected] World Agricultural Supply and Demand Estimates WASDE -618 – November 9, 2021 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

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

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 581 Approved by the World Agricultura l Outlook Board September 12, 2018 WHEAT: The U.S. 2018/19 wheat supply and demand estimates are unchanged from last month. There are offsetting by-class changes for both exports and imports . The season- average farm price range is unchanged at the midpoint of $5.10 per bushel and the range is narrowed $0.20 per bushel to $4.70 to $5.50. Global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4- million -ton production increase and higher beginning stocks. The Russian crop is raised 3.0 million tons on harvest results to date in the winter wheat region and continued excellent weather in the spring wheat belt. Kazakhstan is raised 0.5 million tons also on excellent spring wheat conditions. Prod uction is increased 2.7 million tons in India to a record 99.7 million on updated government data. These increases are partially offset by a 2.0- million -ton decrease in Australia and a 1.0- million -ton decrease in Canada, both reflecting continued dry conditions during the growing season. Global exports are lowered 2.5 million tons with a 2.0- million -ton reduction for Australia and a 0.5- million -ton reduction for Canada, both on smaller crops. Indonesia and Iran imports are down 1.0 million tons and 0.5 m illion tons, respectively. Global use is raised 2.3 million tons primarily on a 2.0- million -ton increase for Russia feed and residual use and a 1.0- million -ton increase for EU feed and residual use. With total supplies rising faster than use, global endi ng stocks are raised 2.3 million tons to 261.3 million but are 5 percent below last year’s record. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for larger production , increased domestic use, greater exports, and higher ending stocks. Corn production is forecast at 14.827 billion bushels, up 241 million from last month on an increased yield forecast. If realized, the crop would be the second highest on record. Among the major producing states, yields are forecast to b e record high in Illinois, Iowa, Nebraska, Indiana, Ohio, and South Dakota. Corn supplies are higher from last month, as a larger crop more than offsets a small decline in beginning stocks due to higher estimated exports for 2017/18. Feed and residual use for 2018/19 is raised 50 million bushels with a larger crop and lower expected prices. Corn used for ethanol is raised 25 million bushels. With supply rising more than use, corn ending stocks are up 90 million bushels from last month. The season- average corn price received by producers is projected 10 cents lower with a midpoint of $3.50 per bushel. Global coarse grain production for 2018/19 is forecast up 5.1 million tons to 1,347.2 million. The 2018/19 foreign coarse grain outlook is for lower production, greater consumption, increased trade, and reduced stocks relative to last month. Foreign corn production is forecast higher than last month with projected increases for the EU, Angola, Paraguay, Turkey, and Serbia more than offsetting declines for Canada, South Africa, and Guatemala. EU corn production is raised, mostly reflecting increases for Romania, Hungary, Bulgaria, and France. In both Bulgaria and Romania, yields are expected to be record high. World barley production WASDE- 581-2 is lowered, with reductions for the EU, Australia, and Ukraine more than offsetting increases for Kazakhstan and Russia. Corn exports for 2018/19 are raised for Ukraine, Serbia, and Paraguay, but lowered for Canada and South Africa. Imports are raised for the EU, Japan, Bra zil, and Guatemala, with partly offsetting declines for Algeria and Saudi Arabia. For 2017/18, exports are lowered for both Brazil and Argentina, reflecting slower -than- expected trade to date. Foreign corn ending stocks for 2018/19 are down from last mon th, with declines for Argentina, South Africa, Ukraine, Canada, and Serbia more than offsetting increases for Angola, Paraguay, the EU, Brazil, Turkey, and India. Global corn stocks, at 157.0 million tons, are up 1.5 million from last month. RICE : U.S. 2 018/19 all rice supplies are raised 3.3 million cwt this month to 275.9 million as higher production more than offsets lower beginning stocks. The August 24 NASS Rice Stocks report indicated lower 2017/18 ending stocks than previously forecast thereby reducing 2018/19 beginning stocks by 5.4 million cwt. In the September Crop Production report, NASS increased the 2018/19 U.S. crop by 8.6 million cwt to 219.5 million on increased harvested acreage and yields. NASS incorporated FSA certified acreage data t his month. The average all rice yield increased 40 pounds to 7,563 pounds per acre with forecast yields higher in California, Louisiana, and Texas. Long -grain production is raised by 5.8 million cwt and combined medium - and short -grain is increased by 2. 8 million. Total projected domestic and residual usage is increased by 2.0 million cwt to 133.0 milli on on larger supplies. The all rice export forecast is unchanged at 98.0 million as a 1-million -cwt increase in long -grain on more competitive prices is offset by an equivalent reduction in medium - and short -grain on lower expected exports to Turkey. All rice ending stocks are increased 1.3 million cwt to 44.9 million and are 53 percent higher than 2017/18. The projected 2018/19 all-rice season- average f arm price is lowered $0.20 per cwt at the midpoint to a range of $11.20 to $12.20 with reductions in all rice class prices. Global 2018/19 rice supplies are increased to 632.8 million tons, primarily on higher production and beginning stocks for India. World production is fractionally lower as reductions in China and Bangladesh more than offset India’s increase d production. Global consumption is increased by 0.6 million tons to 488.4 million, led by India. World trade is raised to a record 49.5 mil lion tons on higher India exports. Global ending stocks increase 0.8 million tons to 144.4 million as higher projected stocks for India, Cote d’Ivoire, and Burma more than offset reduced stocks for China. OILSEEDS : U.S. oilseed production for 2018/19 is projected at 138.4 million tons, up 2.9 million from last month with higher soybean and cottonseed production forecasts partly offset by a lower peanut forecast. Soybean production is projected at a record 4,693 million bushels, up 107 million on a rec ord yield forecast of 52.8 bushels per acre. Soybean supplies are raised with higher production only partly offset by lower beginning stocks. With soybean crush up 10 million bushels and exports unchanged, ending stocks are projected at 845 million bushels, up 60 million from last month. The 2018/19 U.S. season- average soybean price is forecast at $7.35 to $9. 85 per bushel, down $0.30 at the midpoint. Soybean meal prices are lowered $5.00 at the midpoint to $290 to $330 per short ton. Soybean oil prices are unchanged at 28.0 to 32.0 cents per pound. WASDE- 581-3 Changes for 2017/18 include higher exports, higher crush, and lower ending stocks. Exports are increased 20 million bushels to 2,130 million based on official trade data through July and indications from August ex port inspections. With crush raised 15 million bushels, ending stocks are projected at 395 million bushels, down 35 million from last month. The 2018/19 global oilseed outlook includes higher production, reduced trade, and increased stocks compared to la st month. Higher production of soybeans and cottonseed more than offsets lower forecasts for peanuts, rapeseed, and sunflowerseed. Soybean production is increased 2.2 million tons, with larger crops for the United States and China that are partly offset by lower projections for Canada, India, and Uruguay. Global soybean exports for 2018/19 are reduced 1.1 million tons to 156.9 million, with lower shipments for Canada and Uruguay. China’s 2018/19 soybean imports are reduced 1 million tons to 94 mil lion as slower growth in protein meal demand and lower crush in 2017/18 continues into the next marketing year. Partly offsetting this ch ange are higher imports for Egypt and Iran. Other notable oilseed trade changes include lower palm oil imports for India in 2017/ 18, with export reductions for Malaysia and Indonesia. Global 2018/19 soybean ending stocks are projected 2.3 million tons higher, with increased stocks for the United States and Argentina that are partly offset by reduced stocks for Brazil. SUGAR : U.S. beet sugar production for 2018/19 is projected up 235,923 short tons, raw value (STRV) to 5.343 million. The increase is based on sugarbeet area and yield forecasts made by NASS in Crop Production, on improved sugar extraction based on processor -reported field conditions heading into the harvest campaign, and on a lower projected beet pile shrink. Based on NASS sugarcane yield and area harvested and processors’ forecast area for seed, 2018/19 cane sugar production in Louisiana is increased by 4,021 STRV to 1.785 million. Projected imports from Mexico are reduced to 842,150 STRV and projected high- tier tariff imports are increased to 45,000 STRV. There are no changes to 2018/19 sugar use. Ending stocks for 2018/19 are projected at 1.687 million STRV for a stocks- to-use ratio of 13.5 percent. Mexico ending stocks estimated for 2017/18 are increased by 21,140 metric tons (MT) to 1.268 million. The 2017/18 stocks estimate represents sufficient supplies to cover domestic consumption in 2018/19 before the start of the campaign and 264,000 MT of unsold sugar that is expected to be converted into export certificates by the Fideicomiso Maestro para la Exportación de Excedentes de los Ingenios (FIMAE) and that will be required to be exported in 2018/19 before December 31. For 2018/19, exports are decreased by 431,857 MT to 994,892. This change reflects lower exports to the United States based on a forecast reduction in U.S. Needs as defined in the amended Suspension Agreements that are offset by increased exports to other des tinations for sugar under FIMAE. Ending stocks for 2018/19 are projected residually at 1.461 million MT. LIVESTOCK, POULTRY, AND DAIRY : The forecast for total meat production in 2018 is reduced from last month on decreases in commercial pork and turkey production. The annual beef production forecast is unchanged as increases in second- half cattle slaughter are offset by lighter expected carcass weights. The 2018 pork production forecast is reduced on the current pace of slaughter and slightly lighter expec ted carcass weights in the third quarter. USDA will release the Quarterly Hogs and Pigs report on September 27, providing an indication of producer farrowing intentions into early 2019. The second- quarter broiler WASDE- 581-4 production estimate is raised slightly, reflecting revised hatchery data but no change is made to outlying forecasts. Second- half turkey production is lowered on recent production data. For 2019, beef, pork, broiler , and egg production forecasts are unchanged; only a small increase is made to turkey production. Beef import forecasts are unchanged for 2018 and 2019, while export forecasts are raised on expectations of continued strong demand to a number of key trading partners. Pork imports for 2018 and 2019 are lowered from last month. Pork export forecast s for 2018 and 2019 are raised from the previous month as U.S. pork is expected to remain competitively priced in international markets . Broiler, turkey, and egg export forecasts for 2018 and 2019 are unchanged. The third- quarter fed steer price forecast is raised from last month on current price strength, but the fourth- quarter forecast is reduced as the pace of marketings is r aised. Hog price forecasts for 2018 are lowered on current prices and pressure from expected abundant meat supplies. For 2019, the first -quarter hog pri ce forecast is reduced slightly, but the annual price forecast range is unchanged. Broiler pri ces are reduced from last month for 2018 and 2019 on strong competition with other meats. The annual turkey price forecast is reduced for 2018 as slightly higher third- quarter turkey prices are more than offset by expected lower prices in the fourth quarter; the 2019 forecast is reduced. The third- quarter egg price forecast for 2018 is reduced on recent prices, but no change is made to the outlying forecasts. The milk production forecast for 2018 is lowered from the previous month on slightly lower milk cow numbers and a slower rate of growth in milk per cow in the third quarter. However, for 2019, the milk production forecast is raised from the previous month on slightly higher cow inventories. For 2018 and 2019, fat basis export forecasts are reduced from t he previous month on slowing shipments of whey products and a number of other dairy products, while fat basis import forecasts for 2018 and 2019 are raised on higher purchases of imported butterfat products and cheese. On a skim -solids basis, the export forecasts for 2018 and 2019 are lowered on weaker whey products sales to China. Skim -solids basis import forecasts for 2018 and 2019 are raised on continued strong purchases of cheese and other miscellaneous dairy products. CCC donations reflec t the recent pre-solicitation notice for the Trade Mitigation Food Purchase and Distribution Program. Cheese, NDM, and whey prices are forecast higher for 2018 while butter prices are lowered from the previous month. The 2018 Class III price forecast is raised on higher forecast cheese and whey prices. The Class IV price is raised as higher forecast NDM prices more than offset lower butter prices. For 2019, NDM and whey prices are raised while the butter price forecast is reduced from last month. The 2019 cheese price forecast is unchanged. The all -milk price is raised to $16.30 to $16.50 per cwt for 2018 and $16.75 to $17.75 per cwt for 2019. COTTON : The 2018/19 U.S. cotton estimates include larger production, exports, and ending stocks relative to last month. Production is raised 447,000 bales, with increases in the Southwest, Delta, and Southeast. Beginning stocks are revised 100,000 bales lower based on indicated stocks as of July 31, 2018, while domestic mill use is reduced slightly in 2017/18 based on recent activity. The 2018/19 export forecast is raised 200,000 bales. Ending stocks are now projected higher at 4.7 million bales, or 25 percent of total use. The forecast range for the marketing -year average farm price is unchanged at 70 to 80 cents per pound. WASDE- 581-5 Larger 2018/19 world cotton production mostly offset s lower beginning stocks , and world ending stocks are only slightly higher this month. Beginning stocks are reduced for India and the United States due to revisions in 2017/18 estim ates. Production is raised for China, Brazil, and the United States but is lowered for Australia. Global consumption is increased 300,000 bales due to higher expected use in India, and trade is unchanged. World ending stocks are projected about 400,000 bales higher this month, at 77.5 million bales, equivalent to 61 percent of world consumption. If realized, this stocks/use ratio would be its lowest in 8 years, but higher than in virtually every other year before 2010/11. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720- 6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGN ATE WASDE- 581-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Commi ttees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.g ov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released at 12:00pm Eastern Time Oct 11, Nov 8, and Dec 11. WASDE- 581-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U. S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice S upply & Use ................................ ................................ ................... 24 World Cotton Supply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Us e ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 September 2018 WASDE - 581 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2608.91 3234.01 429.14 2577.78 656.23 2017/18 (Est.) 2564.90 3221.13 414.75 2577.58 643.54 filler filler filler filler filler 2018/19 (Proj.) Aug 2559.33 3198.92 431.00 2613.28 585.64 2018/19 (Proj.) Sep 2567.35 3210.89 430.80 2620.45 590.44 filler filler filler filler filler Wheat 2016/17 752.08 996.29 183.34 739.20 257.09 2017/1 8 (Est.) 758.27 1015.36 181.40 741.01 274.36 filler filler filler filler filler 2018/19 (Proj.) Aug 729.63 1002.70 183.87 743.74 258.96 2018/19 (Proj.) Sep 733.00 1007.35 181.39 746.06 261.29 filler filler filler filler filler Coarse Grain s 5/ 2016/17 1369.93 1618.01 198.59 1355.87 262.14 2017/18 (Est.) 1315.05 1577.19 185.23 1353.63 223.56 filler filler filler filler filler 2018/19 (Proj.) Aug 1342.13 1564.84 197.87 1381.73 183.11 2018/19 (Proj.) Sep 1347.19 1570.75 199.90 1386.00 184.75 filler filler filler filler filler Rice, milled 2016/17 486.89 619.71 47.21 482.71 137.00 2017/18 (Est.) 491.57 628.58 48.12 482.94 145.63 filler filler filler filler filler 2018/19 (Proj.) Aug 487.57 631.38 49.26 487.81 143.57 2018/19 (Proj.) Sep 487.16 632.79 49.51 488.39 144.40 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.29 541.21 94.24 361.31 85.67 filler filler filler filler filler 2018/19 (Proj.) Aug 442.44 536.86 95.29 368.27 73.31 2018/19 (Proj.) Sep 448.84 542.48 96.56 370.13 75.79 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.37 83.79 24.52 29.32 29.95 filler filler filler filler filler 2018/19 (Proj.) Aug 51.08 84.70 27.90 31.35 25.45 2018/19 (Proj.) Sep 51.08 84.70 27.90 31.35 25.45 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.45 66.96 327.71 54.79 filler filler filler filler filler 2018/19 (Proj.) Aug 384.67 443.51 64.28 332.75 46.47 2018/19 (Proj.) Sep 390.79 449.02 65.55 334.55 48.92 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Aug 6.70 8.66 3.11 4.16 1.39 2018/19 (Proj.) Sep 6.97 8.76 3.11 4.22 1.43 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic co nsumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). September 2018 WASDE - 581 - 9 World an d U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,136.34 2,677.93 332.43 2,214.17 560.47 2017/18 (Est.) 2,127.61 2,679.91 320.51 2,216.28 557.88 filler filler filler filler filler 2018/19 (Proj.) Aug 2,116.89 2,662.06 335.71 2,245.01 512.34 2018/19 (Proj.) Sep 2,118.51 2,668.42 334.24 2,250.32 514.65 filler filler filler filler filler Wheat 2016/17 689.25 903.70 154.74 707.34 224.96 2017/18 (Est.) 710.90 931.58 156.87 711.69 244.41 filler filler filler filler filler 2018/19 (Proj.) Aug 678.55 918.00 155.97 712.39 233.51 2018/19 (Proj.) Sep 681.92 922.66 153.50 714.71 235.85 filler filler filler filler filler Coarse Grains 5/ 2016/17 967.32 1,163.86 134.13 1,028.35 199.97 2017/18 (Est.) 930.80 1,127.74 118.28 1,025.92 168.77 filler filler filler filler filler 2018/19 (Proj.) Aug 957.47 1,121.33 133.59 1,048.97 136.64 2018/19 (Pr oj.) Sep 956.40 1,121.73 134.35 1,051.45 135.83 filler filler filler filler filler Rice, milled 2016/17 479.78 610.38 43.57 478.48 135.54 2017/18 (Est.) 485.91 620.60 45.36 478.67 144.70 filler filler filler filler filler 2018/19 (Proj.) Aug 480.87 622.73 46.14 483.65 142.19 2018/19 (Proj.) Sep 480.19 624.03 46.39 484.17 142.98 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 4 80-lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.63 200.07 37.65 116.12 83.79 2017/18 (Est.) 123.48 207.28 40.71 123.22 83.79 filler filler filler filler filler 2018/19 (Proj.) Aug 120.53 205.04 41.82 127.62 77.10 2018/19 (Proj.) Sep 121.97 205.76 41.80 127.94 77.46 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Aug 19.24 23.64 15.50 3.40 4.60 2018/19 (Proj.) Sep 19.68 23.99 15.70 3.40 4.70 filler filler filler filler filler Foreign 4/ 2016/17 89.46 179.10 22.73 112.87 81.04 2017/18 (Est.) 102.56 183.60 24.86 120.00 79.49 filler filler filler filler filler 2018/19 (Proj.) Aug 101.29 181.40 26.32 124.22 72.50 2018/19 (Proj.) Sep 102.29 181.77 26.10 124.54 72.76 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. September 2018 WASDE - 581 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 574.23 668.71 170.44 469.47 110.91 2017/18 (Est.) 573.63 684.54 177.30 483.16 110.21 filler filler filler filler filler 2018/1 9 (Proj.) Aug 603.12 714.78 182.50 501.81 119.94 2018/19 (Proj.) Sep 604.67 714.88 181.40 500.30 121.84 filler filler filler filler filler Oilmeals 2016/17 320.95 338.04 88.19 318.45 16.26 2017/18 (Est.) 329.93 346.18 88.38 328.72 13.92 filler filler filler filler filler 2018/19 (Proj.) Aug 343.43 357.17 89.48 340.42 13.84 2018/19 (Proj.) Sep 342.53 356.45 89.70 339.02 14.11 filler filler filler filler filler Vegetable Oils 2016/17 189.16 210.63 81.12 183.70 20.71 2017/18 (Es t.) 197.23 217.94 80.02 190.31 21.79 filler filler filler filler filler 2018/19 (Proj.) Aug 204.42 225.75 84.45 197.74 22.12 2018/19 (Proj.) Sep 203.83 225.62 83.75 196.80 22.87 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.03 142.05 59.21 60.18 12.73 filler filler filler filler filler 2018/19 (Proj.) Aug 135.55 150.61 57.20 60.62 23.19 2018/1 9 (Proj.) Sep 138.44 152.59 57.20 60.87 24.80 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 46.71 50.90 13.37 37.12 0.42 filler filler filler filler filler 2018/19 (Proj.) Aug 46.72 50.93 12.48 38.02 0.42 2018/19 (Proj.) Sep 46.94 51.14 12.62 38.10 0.42 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.04 18.26 1.36 15.50 1.40 filler filler filler filler filler 2018/19 (Proj.) Aug 12.23 18.76 1.25 16.16 1.35 2018/19 (Proj.) Sep 12.28 18.80 1.25 16.15 1.40 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 447.29 533.40 110.36 413.22 101.31 2017/18 (Est.) 442.60 542.49 118.09 422.99 97.48 filler filler filler filler filler 2018/19 (Proj.) Aug 467.57 564.16 125.30 441.19 96.74 2018/19 (Proj.) Sep 466.23 562.29 124.20 439.43 97.04 filler filler filler filler filler Oilmeals 2016/17 277.84 290.73 77.36 282.37 15.85 2017/18 (Est.) 283.22 295.28 75.01 291.61 13.50 filler filler filler filler filler 2018/19 (Proj.) Aug 296.72 306.24 76.99 302.39 13.42 2018/19 (Proj.) Sep 295.59 305.31 77.08 300.92 13.69 filler filler filler filler filler Vegetable Oils 2016/17 177.73 193.26 79.70 168.98 19.48 2017/18 (Est.) 185.19 199.68 78.66 174.81 20.38 filler filler filler filler filler 2018/19 (Proj.) Aug 192.19 206.99 83.20 181.58 20.76 2018/19 (Proj. ) Sep 191.56 206.82 82.50 180.65 21.46 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. September 2018 WASDE - 581 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.6 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.4 47.4 Million Bushels Beginning Stocks 976 1,181 1,100 1,100 Production 2,309 1,741 1,877 1,877 Imports 118 157 135 135 Supply, Total 3,402 3,079 3,112 3,112 Food 949 964 970 970 Seed 61 64 62 62 Feed and Residual 161 48 120 120 Domestic, Total 1,171 1,077 1,152 1,152 Exports 1,051 901 1,025 1,025 Use, Total 2,222 1,978 2,177 2,177 Ending Stocks 1,181 1,100 935 935 Avg. Farm Price ($/bu) 2/ 3.89 4.72 4.60 - 5.60 4.70 - 5.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,346 708 511 371 143 3,079 Domestic Use 394 288 216 90 89 1,077 Exports 371 228 91 193 18 901 Use, Total 765 517 306 284 107 1,978 Ending Stocks, Total 581 191 205 87 36 1,100 2018/19 (Proj.) Beginning Stocks 581 191 205 87 36 1,100 Production 661 583 292 267 73 1,877 Supply, Total 3/ 1,248 839 507 364 154 3,112 Domestic Use 464 292 214 94 88 1,152 Exports 375 295 120 205 30 1,025 Use, Total 839 587 334 299 118 2,177 Ending Stocks, Tota l Sep 409 252 173 65 36 935 Ending Stocks, Total Aug 394 262 178 70 31 935 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. September 2018 WASDE - 581 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Million Acres Area Planted 106.6 100.9 100.6 100.6 Area Harvest ed 96.5 90.5 90.1 90.1 Metric Tons Yield per Harvested Acre 4.17 4.24 4.27 4.33 Million Metric Tons Beginning Stocks 48.1 62.1 55.3 54.8 Production 402.3 384.0 384.4 390.5 Imports 3.3 2.8 3.3 3.2 Supply, Total 453.6 449.0 443.0 448.5 Feed and Residual 144.6 141.8 144.1 145.3 Food, Seed & Industrial 182.4 185.4 188.2 188.8 Domestic, Total 327.0 327.2 332.3 334.1 Exports 64.5 67.0 64.3 65.5 Use, Total 391.5 394.2 396.6 399.6 Ending Stocks 62.1 54.8 46.5 48.9 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.8 Bushels Yield per Harvested Acre 174.6 176.6 178.4 181.3 Million Bushels Beginning Sto cks 1,737 2,293 2,027 2,002 Production 15,148 14,604 14,586 14,827 Imports 57 40 50 50 Supply, Total 16,942 16,937 16,664 16,879 Feed and Residual 5,470 5,450 5,525 5,575 Food, Seed & Industrial 2/ 6,885 7,060 7,105 7,130 Ethanol & by -products 3/ 5,432 5,600 5,625 5,650 Domestic, Total 12,355 12,510 12,630 12,705 Exports 2,294 2,425 2,350 2,400 Use, Total 14,649 14,935 14,980 15,105 Ending Stocks 2,293 2,002 1,684 1,774 Avg. Farm Price ($/bu) 4/ 3.36 3.40 3.10 - 4.10 3.00 - 4.00 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grain s Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted aver age price received by farmers. September 2018 WASDE - 581 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 6.0 6.0 Area Harvested (mil. acres) 6.2 5.0 5.3 5.3 Yield (bushels/acre) 77.9 72.1 70.9 71.1 Beginning Stocks 37 33 44 49 Production 480 364 375 376 Imports 2 2 0 0 Supply, Total 519 399 420 426 Feed and Residual 133 85 80 80 Food, Seed & Industrial 115 60 125 125 Total Domestic 247 145 205 205 Exports 238 205 175 175 Use, Total 485 350 380 380 Ending Stocks 33 49 40 46 Avg. Farm Price ($/bu) 2/ 2.79 3.25 2.90 - 3.90 2.80 - 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bush els/acre) 77.9 72.6 76.3 76.3 Beginning Stocks 102 106 95 95 Production 200 142 156 156 Imports 10 9 20 15 Supply, Total 312 257 271 266 Feed and Residual 39 0 15 10 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 170 165 Exports 4 5 5 5 Use, Total 205 163 175 170 Ending Stocks 106 95 96 96 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.00 - 5.20 4.10 - 5.30 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.9 2.9 Area Harvested (mil. acres) 1.0 0.8 1.0 1.0 Yield (bushels/acre) 66.0 61.7 65.1 65.1 Beginning Stocks 57 50 41 41 Production 65 49 66 66 Imports 90 89 95 95 Supply, Total 212 189 202 202 Feed and Residual 82 68 80 80 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 159 159 Exports 3 2 2 2 Use, Total 161 148 161 161 Ending Stocks 50 41 41 41 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.50 - 3.10 2.50 - 3.10 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. September 2018 WASDE - 581 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Million Acres Area Planted 3.15 2.46 2.84 2.94 Area Harv ested 3.10 2.37 2.80 2.90 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,523 7,563 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 34.8 29.4 Production 224.1 178.2 210.9 219.5 Imports 23.5 26.9 27.0 27.0 Supply, Total 294.1 251.2 272.6 275.9 Domestic & Residual 3/ 133.2 134.8 131.0 133.0 Exports, Total 4/ 114.8 87.0 98.0 98.0 Rough 40.4 28.6 34.0 33.0 Milled (rough equiv.) 74.4 58.4 64.0 65.0 Use, Total 248.0 221.8 229.0 231.0 Ending St ocks 46.0 29.4 43.6 44.9 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.60 11.40 - 12.40 11.20 - 12.20 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 23.4 20.3 Production 166.5 127.9 153.7 159.5 Supply, Total 7/ 209.4 182.2 200.6 203.3 Domestic & Residual 3/ 101.8 98.6 102.0 103.0 Exports 8/ 76.6 63.3 68.0 69.0 Use, Total 178.4 161.9 170.0 172.0 Ending Stocks 31.0 20.3 30.6 31.3 Avg. Farm Price ($/cwt) 6/ 9.61 11.70 10.50 - 11.50 10.30 - 11.30 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 7.9 7.6 Production 57.7 50.4 57.2 60.0 Supply, Total 7/ 81.1 67.5 68.5 71.2 Domesti c & Residual 3/ 31.4 36.2 29.0 30.0 Exports 8/ 38.2 23.7 30.0 29.0 Use, Total 69.6 59.9 59.0 59.0 Ending Stocks 11.5 7.6 9.5 12.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 15.00 14.40 - 15.40 14.20 - 15.20 California 10/ 14.10 16.60 16.00 - 17.00 15.80 - 16.80 Other States 1/ 10.10 12.10 10.80 - 11.80 10.60 - 11.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice us e because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price m ay differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beg inning October 1. September 2018 WASDE - 581 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Filler Million Acres Area Planted 83.4 90.1 89.6 89.6 Area Harvested 82.7 89.5 88.9 88.9 Fil ler Bushels Yield per Harvested Acre 52.0 49.1 51.6 52.8 Million Bushels Beginning Stocks 197 302 430 395 Production 4,296 4,392 4,586 4,693 Import s 22 22 25 25 Supply, Total 4,515 4,715 5,040 5,113 Crushings 1,901 2,055 2,060 2,070 Exports 2,166 2,130 2,060 2,060 Seed 105 104 103 103 Residual 41 32 33 34 Use, Total 4,214 4,321 4,256 4,268 Ending Stocks 302 395 785 845 Avg. Farm Price ($/bu) 2/ 9.47 9.35 7.65 - 10.15 7.35 - 9.85 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. August September Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 2,171 2,156 Production 4/ 22,123 23,645 23,795 23,910 Imports 319 350 300 300 Supply, Total 24,129 25,706 26,266 26,366 Domestic Disappearance 19,862 21,100 22,000 22,000 Biodiesel 3/ 6,200 7,000 7,800 7,800 Food, Feed & other Industrial 13,662 14,100 14,200 14,200 Exports 2,556 2,450 2,200 2,200 Use, Total 22,418 23,550 24,200 24,200 Ending stocks 1,711 2,156 2,066 2,166 Avg. Price (c/lb) 2/ 32.48 30.00 28.00 - 32.00 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Pro j. August September Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 400 400 Production 4/ 44,787 48,899 48,700 48,950 Imports 350 500 350 350 Supply, Total 45,400 49,800 49,450 49,700 Domestic Disappearance 33,420 35,000 35,700 35,800 Exports 11,580 14,400 13,350 13,500 Use, Total 45,000 49,400 49,050 49,300 Ending Stocks 401 400 400 400 Avg. Price ($/s.t.) 2/ 316.88 345.00 295.00 - 335.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Relia bility calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean o il, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,065 mill ion bushels for 2017/18 and 2,07 0 million bushels for 2018/19. September 2018 WASDE - 581 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,103 2,072 Production 2/ 8,969 9,255 9,088 9,328 Beet Sugar 5,103 5,245 5,107 5,343 Cane Sugar 3,866 4,011 3,981 3,985 Florida 2,055 1,983 2,050 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,859 1,781 1,785 Texas 140 169 150 150 Imports 3,244 3,366 3,560 2,776 TRQ 3/ 1,611 1,727 1,539 1,539 Other Program 4/ 419 325 350 350 Other 5/ 1,213 1,314 1,670 887 Mexico 1,201 1,269 1,655 842 Total Su pply 14,267 14,497 14,751 14,177 Exports 95 170 85 85 Deliveries 12,258 12,255 12,405 12,405 Food 6/ 12,102 12,100 12,250 12,250 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12,391 12,425 12,490 12,490 Ending S tocks 1,876 2,072 2,261 1,687 Stocks to Use Ratio 15.1 16.7 18.1 13.5 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (239) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and h igh-tier tariff sugar and syrups not otherwise specified -- for 2017/18 (45) and 2018/19 (45). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 265; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Aug 1,002 6,009 190 4,727 1,228 1,247 2017/18 Est. Sep 1,002 6,010 190 4,727 1,207 1,268 2018/19 Proj. Aug 1,247 6,025 115 4,952 1,427 1,008 2018/19 Proj. Sep 1,268 6,025 115 4,952 995 1,461 1/ HFCS consumption by Mexico (1,000 metric tons, dry basi s): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,608; Oct - Jul 2016/17 = 1,259; Oct - Jul 2017/18 = 1,320; Projected 2018/19 = 1,608. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (390 est); 2018/19 (390). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (0), 2018/19 (0). September 2018 WASDE - 581 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Aug Sep Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 13.52 14.04 Harvested 9.51 11.10 10.14 10.55 Fil ler Pounds Yield per Harvested Acre 867 905 911 895 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.40 4.30 Production 17.17 20.92 19.24 19.68 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 23.64 23.99 Domestic Use 3.25 3.23 3.40 3.40 Exports, Total 14.92 15.85 15.50 15.70 Use, Total 18.17 19.07 18.90 19.10 Unaccounted 2/ 0.06 0.30 0.14 0.19 Ending Stocks 2.75 4.30 4.60 4.70 Avg. Farm Price 3/ 68.0 68.0 70.00 - 80.00 70.00 - 80.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. September 2018 WASDE - 581 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.21 752.08 179.11 147.07 739.20 183.34 257.09 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.66 689.25 175.89 142.70 707.34 154.74 224.96 Major Exporters 4/ 25.34 227.73 5.95 65.87 151.40 84.05 23.56 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.29 199.18 96.35 36.28 277.46 5.48 154.89 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 257.09 758.27 179.59 144.38 741.01 181.40 274.36 United States 32.13 47.37 4.28 1.32 29.32 24.52 29.95 Total Foreign 224.96 710.90 175.30 143.06 711.69 156.87 244.41 Major Export ers 4/ 23.56 220.97 6.43 66.11 152.38 71.73 26.84 Argentina 0.25 18.00 0.01 0.05 5.55 12.00 0.70 Australia 5.72 21.30 0.15 3.80 7.28 14.50 5.40 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.68 5.82 58.00 130.40 23.28 14.56 Major Importers 6/ 154.89 202.76 93.87 32.41 277.64 6.52 167.35 Brazil 2.26 4.26 7.00 0.50 12.00 0.25 1.27 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.28 5.11 38.86 0.78 12.62 N. Africa 8/ 13.89 19.25 27.44 2.25 45.13 0.82 14.63 Pakistan 4.35 26.67 0.01 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.61 0.00 26.02 8.94 25.39 1.05 5.19 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.15 142.22 8.24 31.71 82.86 68.80 19.95 Russia 10.83 84.99 0.47 21.00 44.00 41.42 10.87 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, an d reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2018 WASDE - 581 - 19 World Wheat Sup ply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 273.07 729.63 181.68 138.45 743.74 183.87 258.96 Sep 274.36 733.00 179.12 140.74 746.06 181.39 261.29 United States Aug 29.95 51.08 3.67 3.27 31.35 27.90 25.45 Sep 29.95 51.08 3.67 3.27 31.35 27.90 25.45 Total Foreign Aug 243.13 678.55 178.01 135.19 712.39 155.97 233.51 Sep 244.41 681.92 175.44 137.48 714.71 153.50 235.85 Major Exporters 4/ Aug 25.67 211.50 6.11 61.10 147.20 77.70 18.38 Sep 26.84 208.50 6.61 61.20 147.30 75.20 19.45 Argentina Aug 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Sep 0.70 19.50 0.01 0.10 5.70 14.20 0.31 Australia Aug 4.90 22.00 0.15 4.60 8.10 16.00 2.95 Sep 5.40 20.00 0.15 4.10 7.60 14.00 3.95 Canada Aug 5.96 32.50 0.45 4.40 9.40 24.50 5.01 Sep 6.18 31.50 0.45 4.00 9.00 24.00 5.13 European Union 5/ Aug 14.12 137.50 5.50 52.00 124.00 23.00 10.12 Sep 14.56 137.50 6.00 53.00 125.00 23.00 10.06 Major Importers 6/ Aug 167.70 202.62 95.22 35.25 284.92 6.86 173.77 Sep 167.35 202.66 93.31 35.29 284.72 6.76 171.84 Brazil Aug 1.27 4.70 7.50 0.50 12.10 0.30 1.07 Sep 1.27 4.70 7.50 0.50 12.10 0.30 1.07 China Aug 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Sep 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Sel. Mideast 7/ Aug 12.62 18.86 18.46 4.81 39.08 1.14 9.73 Sep 12.62 18.86 17.80 4.81 39.09 1.04 9.15 N. Afr ica 8/ Aug 14.58 21.10 25.95 2.25 45.95 0.69 14.99 Sep 14.63 21.10 25.90 2.25 45.90 0.69 15.05 Pakistan Aug 4.83 26.30 0.01 1.20 25.30 1.20 4.64 Sep 4.83 26.30 0.01 1.20 25.30 1.20 4.64 Southeast Asia 9/ Aug 5.47 0.00 27.40 8.54 26.29 1.07 5.51 Sep 5.19 0.00 26.20 8.54 26.09 1.07 4.23 Selected Other India Aug 13.20 97.00 0.50 5.00 98.00 0.40 12.30 Sep 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Aug 18.52 122.54 8.91 26.36 76.64 61.03 12.31 Sep 19.95 126.04 8.71 28.56 79.34 61.03 14.33 Russia Aug 9.22 68.00 0.60 16.00 38.00 35.00 4.82 Sep 10.87 71.00 0.50 18.00 40.50 35.00 6.87 Kazakhstan Aug 2.83 14.50 0.06 2.00 6.80 8.50 2.09 Sep 2.83 15.00 0.06 2.20 7.00 8.50 2.39 Ukraine Aug 1.41 25.50 0.03 3.00 9.20 16.50 1.24 Sep 1.24 25.50 0.03 3.00 9.20 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World i mports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexi co, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Tha iland, and Vietnam. September 2018 WASDE - 581 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 248.08 1,369.93 172.79 800.47 1,355.87 198.59 262.14 United States 48.11 402.61 3.43 144.75 327.53 64.46 62.17 Total Foreign 199.97 967.32 169.37 655.72 1,028.35 134.13 199.97 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.45 77.85 33.37 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 9.99 2.68 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.98 4.85 5.56 Major Importers 5/ 45.03 241.16 120.78 275.29 357.91 11.05 38.02 European Union 6/ 15.52 152.95 15.61 119.87 160.84 8.09 15.16 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.49 24.90 34.15 54.69 62.49 0.16 6.89 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.96 42.94 1.27 3.19 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.32 92.74 0.76 41.04 56.36 36.53 6.92 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Stocks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 262.14 1,315.05 185.57 815.86 1,353.63 185.23 223.56 United States 62.17 384.26 3.03 141.96 327.71 66.96 54.79 Total Foreign 199.97 930.80 182.54 673.91 1,025 .92 118.28 168.77 Major Exporters 4/ 33.37 176.54 3.26 93.43 125.51 64.02 23.64 Argentina 6.70 39.33 0.01 10.89 16.42 26.11 3.51 Australia 2.68 11.91 0.00 3.29 5.16 7.77 1.66 Brazil 14.49 84.79 1.55 57.51 67.96 22.01 10.86 Canada 5.56 26.24 1.58 15.28 23.04 5.82 4.52 Major Importers 5/ 38.02 245.08 131.40 282.75 366.55 10.22 37.72 European Union 6/ 15.16 152.97 18.98 121.15 162.67 7.87 16.57 Japan 1.68 0.19 17.07 13.31 17.31 0.00 1.64 Mexico 6.01 32.51 16.45 29.30 48.31 1.30 5.36 N. Afr & Mideast 7/ 6.89 29.41 38.21 58.74 66.65 0.16 7.70 Saudi Arabia 2.56 0.36 12.10 12.64 13.20 0.00 1.82 Southeast Asia 8/ 3.19 29.37 14.38 35.86 43.92 0.90 2.12 South Korea 1.85 0.20 10.00 7.61 10.13 0.00 1.92 Selected Other China 101.95 223.39 17.00 179.22 262.08 0.08 80.18 FSU-12 6.92 88.80 0.75 39.22 54.28 36.27 5.92 Russia 2.07 41.71 0.14 21.67 31.12 11.27 1.54 Ukraine 3.00 34.07 0.05 8.02 11.40 23.00 2.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adju sted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indon esia, Malaysia, Philippines, Thailand, and Vietnam. September 2018 WASDE - 581 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 222.70 1,342.13 190.02 830.83 1,381.73 197.87 183.11 Sep 223.56 1,347.19 191.52 833.05 1,386.00 199.90 184.75 United States Aug 55.30 384.67 3.55 144.24 332.75 64.28 46.47 Sep 54.79 390.7 9 3.44 145.40 334.55 65.55 48.92 Total Foreign Aug 167.41 957.47 186.48 686.59 1,048.97 133.59 136.64 Sep 168.77 956.40 188.09 687.65 1,051.45 134.35 135.83 Major Exporters 4/ Aug 24.61 200.27 2.00 94.48 127.48 75.02 24.38 Sep 23.64 198.47 2.27 94.48 127.38 74.32 22.68 Argentina Aug 4.62 48.85 0.01 10.90 16.55 30.31 6.62 Sep 3.51 48.85 0.01 11.40 16.95 30.31 5.11 Australia Aug 1.66 12.35 0.00 2.74 4.59 8.27 1.16 Sep 1.66 11.51 0.00 2.54 4.39 7.67 1.12 Brazil Aug 10.86 97.49 1.25 58.59 70.04 29.02 10.54 Sep 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Canada Aug 4.31 27.53 0.61 15.58 23.04 5.42 3.99 Sep 4.52 27.03 0.61 15.28 22.74 5.42 4.00 Major Importers 5/ Aug 36.75 242.58 135.63 291.01 374.42 10.42 30.12 Sep 37.72 240.91 136.83 291.35 374.90 9.92 30.65 European Union 6/ Aug 15.79 150.43 18.86 123.25 164.32 7.96 12.80 Sep 16.57 148.63 20.96 124.55 165.62 7.46 13.08 Japan Aug 1.64 0.19 16.87 13.42 17.41 0.00 1.28 Sep 1.64 0.19 16.77 13.22 17.21 0.00 1.38 Mexico Aug 5.36 31.89 18.31 31.62 50.84 1.50 3.22 Sep 5.36 31.69 18.31 31.62 50.84 1.50 3.02 N. Afr & Mideast 7/ Aug 7.39 30.07 38.24 60.74 68.70 0.20 6.80 Sep 7.70 30.40 38.04 60.51 68.48 0.20 7.45 Saudi Arabia Aug 1.82 0.34 13.21 13.35 13.88 0.00 1.50 Sep 1.82 0.34 12.61 12.95 13.48 0.00 1.30 Southeast Asia 8/ Aug 2.22 29.39 15.66 36.38 44.31 0.77 2.20 Sep 2.12 29.39 15.66 36.26 44.31 0.77 2.09 South Korea Aug 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Sep 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Selected Other China Aug 80.18 232.81 16.90 184.35 270.43 0.07 59.39 Sep 80.18 232.81 16.90 184.35 270.43 0.07 59.39 FSU-12 Aug 5.87 89.67 0.72 36.61 50.98 40.03 5.24 Sep 5.92 90.56 0.68 36.40 50.77 41.43 4.95 Russia Aug 1.60 35.98 0.18 18.88 27.83 8.84 1.09 Sep 1.54 36.48 0.18 18.88 27.83 9.34 1.03 Ukraine Aug 2.70 40.10 0.04 7.70 10.89 29.16 2.78 Sep 2.72 39.70 0.04 7.50 10.69 29.46 2.30 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in worl d imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. September 2018 WASDE - 581 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.98 1,078.56 135.56 633.14 1,060.71 160.05 227.83 United States 44.12 384.78 1.45 138.95 313.83 58.27 58.25 Total Foreign 165.86 693.78 134.11 494.19 746.88 101.78 169.58 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argent ina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.45 124.91 80.41 147.96 201.01 5.00 21.75 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.71 61.89 15.02 55.00 74.00 2.19 7.44 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.96 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 227.83 1,033.64 147.55 652.62 1,067.32 146.17 194.15 United States 58.25 370.96 1.02 138.44 317.77 61.60 50.86 Total Foreign 169.58 662.68 146.54 514.18 749.56 84.57 143.29 Major Exporters 4/ 22.99 127.80 1.01 69.40 88.70 47.30 15.79 Argentina 5.27 32.00 0.01 8.00 11.90 23.00 2.38 Brazil 14.02 82.00 1.00 55.00 64.50 22.00 10.52 South Africa 3.70 13.80 0.00 6.40 12.30 2.30 2.90 Major Importers 5/ 21.75 124.94 86.80 153.70 207.55 3.90 22.04 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.44 62.28 18.00 57.00 76.50 1.70 9.51 Japan 1.32 0.00 15.20 11.60 15.20 0.00 1.32 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.18 29.32 14.10 35.80 43.60 0.89 2.11 South Korea 1.83 0.08 9.80 7.50 9.80 0.00 1.91 Selected Other 0.00 Canada 2.57 14.10 1.50 8.40 14.00 1.80 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.07 42.07 0.44 16.04 18.74 24.26 2.58 Ukraine 1.55 24.12 0.05 4.50 5.80 18.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in tr ansit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand , and Vietnam. September 2018 WASDE - 581 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Aug 193.33 1,061.05 152.32 671.40 1,098.89 159.61 155.49 Sep 194.15 1,069.00 153.98 676.92 1,106.12 161.71 157.03 United States Aug 51.50 370.51 1.27 140.34 320.82 59.69 42.77 Sep 50.86 376.62 1.27 141.61 322.72 60.96 45.06 Total Fo reign Aug 141.83 690.54 151.05 531.06 778.08 99.92 112.72 Sep 143.29 692.38 152.71 535.31 783.40 100.75 111.97 Major Exporters 4/ Aug 16.90 149.00 0.71 70.60 91.10 58.00 17.51 Sep 15.79 148.50 1.01 71.10 91.50 57.90 15.90 Argentina Aug 3.49 41.00 0.01 8.00 12.00 27.00 5.49 Sep 2.38 41.00 0.01 8.50 12.40 27.00 3.98 Brazil Aug 10.52 94.50 0.70 56.00 66.50 29.00 10.22 Sep 10.52 94.50 1.00 56.00 66.50 29.00 10.52 South Africa Aug 2.90 13.50 0.00 6.60 12.60 2.00 1.80 Sep 2.90 13.00 0.00 6.60 12.60 1.90 1.40 Major Importers 5/ Aug 20.85 121.69 88.10 158.10 211.75 3.77 15.12 Sep 22.04 122.69 90.10 162.00 215.65 3.77 15.42 Egypt Aug 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Sep 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ Aug 8.21 59.80 18.00 60.00 79.00 1.50 5.51 Sep 9.51 60.80 19.50 63.50 82.50 1.50 5.81 Japan Aug 1.32 0.00 14.50 11.20 14.80 0.00 1.02 Sep 1.32 0.00 15.00 11.60 15.20 0.00 1.12 Mexico Aug 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Sep 4.82 26.00 16.20 25.00 43.20 1.50 2.32 Southeast Asia 7/ Aug 2.21 29.34 15.50 36.20 44.10 0.76 2.19 Sep 2.11 29.34 15.50 36.20 44.10 0.76 2.08 South Korea Aug 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Sep 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Selected Other Canada Aug 2.37 14.80 0.50 8.50 13.90 1.55 2.22 Sep 2.37 14.30 0.50 8.30 13.70 1.45 2.02 China Aug 79.55 225.00 5.00 174.00 251.00 0.05 58.50 Sep 79.55 225.00 5.00 174.00 251.00 0.05 58.50 FSU-12 Aug 2.58 47.70 0.39 16.34 19.04 28.95 2.68 Sep 2.58 47.76 0.35 16.20 18.90 29.45 2.34 Ukraine Aug 1.39 31.00 0.03 5.00 6.30 24.50 1.61 Sep 1.41 31.00 0.03 4.90 6.20 25.00 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in so me countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. Septemb er 2018 WASDE - 581 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 132.82 486.89 41.29 482.71 47.21 137.00 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 131.35 479.78 40.54 478.48 43.57 135.54 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.02 65.90 11.90 77.41 1.18 9.24 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.52 1.67 1.77 3.36 0.04 0.56 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.65 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 137.00 491.57 47.91 482.94 48.12 145.63 United State s 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 135.54 485.91 47.05 478.67 45.36 144.70 Major Exporters 4/ 27.12 169.72 0.65 135.13 34.60 27.77 India 20.55 112.91 0.00 98.66 12.80 22.00 Pakistan 1.37 7.50 0.00 3.20 4.30 1.37 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.94 0.40 22.10 7.00 1.21 Major Importers 5/ 9.24 66.56 13.92 78.32 1.24 10.16 Brazil 0.48 8.21 0.68 8.03 0.85 0.48 European Union 6/ 1.18 2.04 1.90 3.65 0.36 1.11 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.24 1.30 13.15 0.00 2.39 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 10.00 3.10 0.66 C. Amer & Carib 8/ 0.56 1.68 1.74 3.33 0.04 0.60 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.79 0.69 8.65 0.05 2.26 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.41 4.88 0.06 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domes tic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4 / India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle E ast, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2018 WASDE - 581 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Aug 143.82 487.57 46.66 487.81 49.26 143.57 Sep 145.63 487.16 46.74 488.39 49.51 144.40 United States Aug 1.10 6.70 0.86 4.16 3.11 1.39 Sep 0.93 6.97 0.86 4.22 3.11 1.42 Total Foreign Aug 142.71 480.87 45.81 483.65 46.14 142.19 Sep 144.70 480.19 45.88 484.17 46.39 142.98 Major Exporters 4/ Aug 26.17 166.67 0.65 133.90 34.80 24.78 Sep 27.77 167.67 0.65 134.90 35.30 25.88 India Aug 20.40 109.00 0.00 98.00 12.50 18.90 Sep 22.00 110.00 0.00 99.00 13.00 20.00 Pakistan Aug 1.37 7.40 0.00 3.30 4.30 1.17 Sep 1.37 7.40 0.00 3.30 4.30 1.17 Thailand Aug 3.19 21.20 0.25 10.20 11.00 3.44 Sep 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam Aug 1.21 29.07 0.40 22.40 7.00 1.28 Sep 1.21 29.07 0.40 22.40 7.00 1.28 Major Importers 5/ Aug 9.76 66.65 13.90 79.35 1.08 9.88 Sep 10.16 66.60 13.80 79.10 1.13 10.32 Brazil Aug 0.38 8.02 0.70 8.05 0.70 0.35 Sep 0.48 8.02 0.65 8.05 0.75 0.36 European Union 6/ Aug 1.11 2.00 2.00 3.68 0.35 1.08 Sep 1.11 2.00 2.00 3.68 0.35 1.08 Indonesia Aug 3.91 37.30 1.20 38.20 0.00 4.21 Sep 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria Aug 0.94 3.78 3.00 6.90 0.00 0.82 Sep 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Aug 2.40 12.35 1.10 13.40 0.00 2.45 Sep 2.39 12.30 1.20 13.35 0.00 2.54 Sel. Mideast 7/ Aug 0.76 1.74 3.95 5.78 0.00 0.67 Sep 0.76 1.74 3.95 5.78 0.00 0.67 Selected Other Burma Aug 0.56 13.40 0.01 9.90 3.50 0.57 Sep 0.66 13.40 0.01 10.10 3.20 0.77 C. Amer & Carib 8/ Aug 0.60 1.72 1.92 3.56 0.03 0.65 Sep 0.60 1.72 1.92 3.56 0.03 0.66 China Aug 93.99 142.20 5.50 144.00 1.70 95.99 Sep 93.99 140.80 5.50 143.50 1.70 95.09 Egypt Aug 1.33 3.30 0.40 4.40 0.02 0.61 Sep 1.33 3.30 0.40 4.40 0.02 0.61 Japan Aug 2.26 7.60 0.69 8.40 0.05 2.10 Sep 2.26 7.79 0.69 8.59 0.05 2.10 Mexico Aug 0.19 0.18 0.88 0.94 0.09 0.22 Sep 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Aug 1.23 3.73 0.41 4.48 0.05 0.84 Sep 1.23 3.73 0.41 4.48 0.05 0.84 1/ Aggregate of local marketing years. 2/ Total f oreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, P akistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. September 2018 WASDE - 581 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 93.44 106.63 37.69 116.12 37.65 0.21 83.79 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 89.64 89.46 37.69 112.87 22.73 0.15 81.04 Major Exporters 4/ 22.68 50.69 3.63 32.26 19.52 0.01 25.21 Central Asia 5/ 2.35 5.99 3/ 2.82 3.34 0.00 2.17 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.04 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.35 4.55 0.00 10.78 Major Importers 8/ 65.26 35.86 31.91 76.66 2.03 0.14 54.20 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.25 1.31 0.69 0.71 1.33 0.05 0.17 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 83.79 123.48 40.92 123.22 40.71 0.47 83.79 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 81.04 102.56 40.91 120.00 24.86 0.17 79.49 Major Exporters 4/ 25.21 56.67 2.49 33.42 21.44 0.02 29.49 Central Asia 5/ 2.17 6.60 3/ 3.49 2.57 0.00 2.71 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.84 0.00 2.25 S. Hemis 7/ 10.06 15.39 0.24 4.46 8.52 0.01 12.70 Australia 2.19 4.70 3/ 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 10.78 29.00 1.70 24.70 5.20 0.00 11.58 Major Import ers 8/ 54.20 42.94 35.80 82.50 2.35 0.15 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.65 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.17 1.54 0.73 0.76 1.37 0.06 0.25 Turkey 1.58 4.00 4.02 7.30 0.33 0.00 1.98 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2018 WASDE - 581 - 27 World Cotton Supply and Use 1/ (Million 4 80-Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Aug 84.51 120.53 41.80 127.62 41.82 0.30 77.10 Sep 83.79 121.97 41.79 127.94 41.80 0.35 77.46 United States Aug 4.40 19.24 0.01 3.40 15.50 0.14 4.60 Sep 4.30 19.68 0.01 3.40 15.70 0.19 4.70 Total Foreign Aug 80.11 101.29 41.79 124.22 26.32 0.16 72.50 Sep 79.49 102.29 41.79 124.54 26.10 0.16 72.76 filler filler filler filler filler filler filler Major Exporters 4/ Aug 30.28 55.34 2.22 34.42 22.39 0.02 31.01 Sep 29.49 55.33 2.22 34.72 22.14 0.02 30.16 Central Asia 5/ Aug 2.77 5.90 3/ 3.71 2.38 0.00 2.58 Sep 2.71 5.85 3/ 3.71 2.38 0.00 2.48 Afr. Fr. Zone 6/ Aug 2.22 5.28 3/ 0.14 4.97 0.00 2.39 Sep 2.25 5.28 3/ 0.14 4.97 0.00 2.42 S. Hemis 7/ Aug 12.61 14.92 0.22 4.69 10.20 0.01 12.86 Sep 12.70 14.96 0.22 4.69 10.04 0.01 13.14 Australia Aug 2.86 3.55 3/ 0.04 4.30 0.00 2.07 Sep 2.94 3.00 3/ 0.04 3.90 0.00 2.01 Brazil Aug 8.63 9.50 0.08 3.60 5.30 0.00 9.31 Sep 8.66 10.00 0.08 3.60 5.50 0.00 9.63 India Aug 12.43 28.70 1.50 25.20 4.50 0.00 12.93 Sep 11.58 28.70 1.50 25.50 4.40 0.00 11.88 filler filler filler filler filler filler filler Major Importers 8/ Aug 47.74 42.95 37.09 85.74 2.66 0.14 39.25 Sep 47.95 43.95 37.09 85.74 2.71 0.14 40.41 Mexico Aug 0.65 1.75 0.90 1.90 0.55 0.03 0.83 Sep 0.65 1.75 0.90 1.90 0.55 0.03 0.83 China Aug 37.79 26.50 7.00 42.50 0.15 0.00 28.64 Sep 38.02 27.50 7.00 42.50 0.15 0.00 29.87 European Union 9/ Aug 0.25 1.56 0.70 0.75 1.45 0.05 0.26 Sep 0.25 1.56 0.70 0.75 1.45 0.05 0.26 Turkey Aug 1.95 4.50 3.50 7.50 0.33 0.00 2.13 Sep 1.98 4.50 3.50 7.50 0.38 0.00 2.10 Pakistan Aug 2.87 8.50 2.50 11.00 0.18 0.03 2.67 Sep 2.83 8.50 2.50 11.00 0.18 0.03 2.63 Indonesia Aug 0.62 3/ 3.75 3.65 0.01 0.00 0.72 Sep 0.62 3/ 3.75 3.65 0.01 0.00 0.71 Thailand Aug 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Sep 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Bangladesh Aug 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Sep 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Aug 1.19 3/ 7.70 7.50 0.00 0.00 1.39 Sep 1.19 3/ 7.70 7.50 0.00 0.00 1.39 1/ Marketing year beginning Au gust 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference betw een implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and U zbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. September 2018 WASDE - 581 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Producti on Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.42 348.12 144.35 287.20 328.86 147.36 96.68 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.07 231.20 143.75 235.46 273.15 88.40 88.47 Major Exporter s 3/ 52.29 183.15 1.98 87.54 95.54 79.52 62.37 Argentina 33.65 55.00 1.67 43.30 47.83 7.03 35.47 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 19.75 16.79 122.6 1 113.10 135.87 0.39 22.90 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 96.68 336.82 151.86 293.69 337.00 153.62 94.74 United States 8.21 119.52 0.60 55.93 59.62 57.97 10.74 Total Foreign 88.47 217.30 151.26 237.76 277.38 95.65 84.00 Major Exporters 3/ 62.37 168.63 4.10 84.48 92.71 86.30 56.09 Argentina 35.47 37.80 3.90 37.70 42.40 2.10 32.67 Brazil 26.46 119.50 0.19 43.00 46.45 76.70 23.00 Paraguay 0.44 10.00 0.01 3.70 3.78 6.25 0.41 Major Importers 4/ 22.90 18.24 124.40 115.81 140.03 0.46 25.04 China 20.39 14.20 94.00 90.00 106.00 0.14 22.46 European Union 1.13 2.67 14.50 14.90 16.55 0.28 1.47 Japan 0.22 0.25 3.25 2.35 3.51 0.00 0.21 Mexico 0.16 0.43 4.60 5.00 5.04 0.00 0.16 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Aug 95.61 367.10 154.83 308.67 353.64 157.96 105.94 Sep 94.74 369.32 154.12 308.20 353.01 156.90 108.26 United States Aug 11.69 124.81 0.68 56.06 59.76 56.06 21.35 Sep 10.74 127.73 0.68 56.34 60.08 56.06 23.00 Total Foreign Aug 83.92 242.30 154.15 252.60 293.88 101.90 84.59 Sep 84.00 241.59 153.44 251.87 292.93 100.84 85.27 Major Expor ters 3/ Aug 55.28 190.30 2.66 89.73 98.32 91.82 58.10 Sep 56.09 189.80 2.58 89.73 98.24 91.32 58.91 Argentina Aug 30.80 57.00 2.22 43.00 47.92 8.00 34.10 Sep 32.67 57.00 2.22 43.00 47.92 8.00 35.97 Brazil Aug 24.15 120.50 0.43 42.70 46.28 75.00 23.80 Sep 23.00 120.50 0.35 42.70 46.20 75.00 22.65 Paraguay Aug 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Sep 0.41 9.80 0.01 3.95 4.03 5.90 0.29 Major Importers 4/ Aug 25.77 18.69 128.26 123.16 148.75 0.45 23.52 Sep 25.04 19.06 127.22 121.96 147.49 0.45 23.38 China Aug 23.48 14.50 95.00 95.00 112.10 0.10 20.78 Sep 22.46 15.00 94.00 93.50 110.60 0.10 20.76 European Union Aug 1.07 2.78 15.80 16.30 17.95 0.30 1.40 Sep 1.47 2.70 15.80 16.60 18.25 0.30 1.42 Japan Aug 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Sep 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Aug 0.16 0.49 4.75 5.20 5.24 0.00 0.16 Sep 0.16 0.43 4.75 5.20 5.24 0.00 0.10 1/ Data based on local marketing years except Argentina and B razil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports . Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). September 2018 WASDE - 581 - 29 World Soybean Meal Supply a nd Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.20 225.38 60.54 221.88 64.48 12.76 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 12.96 184.75 60.23 191.57 53.97 12.40 Major Exporters 3/ 7.07 71.76 0.05 24.65 47.09 7.13 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.86 2.01 0.48 Major Importers 4/ 2.11 16.08 36.62 52.49 0.53 1.78 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.07 18.73 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.76 230.91 60.34 228.77 64.61 10.62 United States 0.36 44.36 0.45 31.75 13.06 0.36 Total Foreign 12.40 186.55 59.89 197.02 51.55 10.26 Major Exporters 3/ 7.13 68.01 0.05 25.48 44.05 5.66 Argentina 3.34 28.63 0.00 3.00 26.20 2.77 Brazi l 3.32 33.30 0.03 17.50 16.35 2.80 India 0.48 6.08 0.02 4.98 1.50 0.10 Major Importers 4/ 1.78 16.32 36.78 52.88 0.63 1.37 European Union 0.46 11.77 18.50 30.04 0.39 0.30 Southeast Asia 5/ 1.22 2.78 16.63 19.37 0.24 1.01 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Aug 10.57 242.71 62.46 239.69 65.43 10.62 Sep 10.62 242.38 62.15 238.73 65.69 10.74 United States Aug 0.36 44.18 0.32 32.39 12.11 0.36 Sep 0.36 44.41 0.32 32.48 12.25 0.36 Total Foreign Aug 10.21 198.53 62.14 207.30 53.32 10.26 Sep 10.26 197.97 61.83 206.26 53.44 10.37 Major Exporters 3/ Aug 5.61 73.35 0.04 26.96 46.20 5.84 Sep 5.66 73.35 0.05 26.97 46.20 5.89 Argentina Aug 2.69 33.05 0.00 3.20 29.80 2.74 Sep 2.77 33.05 0.00 3.22 29.80 2.80 Brazil Aug 2.80 33.10 0.03 18.13 15.00 2.80 Sep 2.80 33.10 0.03 18.13 15.00 2.80 India Aug 0.12 7.20 0.01 5.63 1.40 0.31 Sep 0.10 7.20 0.02 5.62 1.40 0.29 Major Importers 4/ Aug 1.50 17.99 36.97 54.58 0.50 1.38 Sep 1.37 18.23 36.95 54.73 0.50 1.33 European Union Aug 0.31 12.88 18.50 31.14 0.30 0.25 Sep 0.30 13.11 18.50 31.34 0.30 0.27 Southeast Asia 5/ Aug 1.13 3.34 16.82 20.02 0.20 1.07 Sep 1.01 3.35 16.80 19.97 0.20 0.99 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing year s and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. September 2018 WASDE - 581 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.66 53.68 10.84 53.34 11.24 3.60 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.89 43.65 10.70 44.33 10.09 2.82 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.46 0.72 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 Euro pean Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.60 54.78 9.66 54.56 10.08 3.39 United States 0.78 10.73 0.16 9.57 1.11 0.98 Total Foreign 2.82 44.06 9.50 44.99 8.97 2.42 Major Exporters 3/ 0.72 18.42 0.31 12.52 6.28 0.66 Argentina 0.28 7.34 0.00 3.41 3.85 0.37 Brazil 0.29 8.25 0.06 6.89 1.60 0.12 European Union 0.15 2.83 0.25 2.23 0.83 0.18 Major Importers 4/ 1.08 18.21 5.04 23.30 0.21 0.81 China 0.54 16.13 0.45 16.55 0.14 0.43 India 0.43 1.37 3.00 4.55 0.00 0.25 North Africa 5/ 0.11 0.71 1.59 2.20 0.08 0.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Aug 3.40 57.58 10.67 57.15 11.09 3.41 Sep 3.39 57.51 10.59 56.75 11.14 3.61 United States Aug 0.99 10.79 0.14 9.98 1.00 0.94 Sep 0.98 10.85 0.14 9.98 1.00 0.98 Total Foreign Aug 2.41 46.79 10.53 47.17 10.09 2.47 Sep 2.42 46.67 10.45 46.77 10.14 2.63 Major Exporters 3/ Aug 0.71 19.65 0.26 12.65 7.33 0.65 Sep 0.66 19.71 0.26 12.64 7.38 0.62 Argentina Aug 0.37 8.36 0.00 3.42 5.10 0.21 Sep 0.37 8.36 0.00 3.42 5.10 0.21 Brazil Aug 0.17 8.20 0.06 6.98 1.28 0.17 Sep 0.12 8.20 0.06 6.97 1.28 0.13 European Union Aug 0.18 3.10 0.20 2.26 0.95 0.27 Sep 0.18 3.15 0.20 2.26 1.00 0.27 Major Importers 4/ Aug 0.80 19.35 5.81 24.82 0.22 0.92 Sep 0.81 19.12 5.76 24.42 0.22 1.05 China Aug 0.43 17.02 0.70 17.60 0.13 0.43 Sep 0.43 16.76 0.70 17.30 0.13 0.46 India Aug 0.25 1.62 3.40 4.90 0.01 0.36 Sep 0.25 1.62 3.40 4.80 0.01 0.46 North Africa 5/ Aug 0.12 0.71 1.71 2.32 0.09 0.13 Sep 0.13 0.75 1.66 2.32 0.09 0.13 1/ Data based on local marketing years ex cept for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. September 2018 WASDE - 581 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 III 6,736 6,240 13,029 10,551 1,479 12,167 25,197 2,204 53.5 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III* 6,775 6,480 13,309 10,850 1,475 12,468 25,777 2,252 53.8 IV* 7,130 7,225 14,411 10,700 1,525 12,362 26,773 2,295 53.8 Annual Aug Proj. 27,094 26,710 54,026 42,615 5,939 49,092 103,117 8,983 217.9 Sep Proj. 27,094 26,675 53,992 42,620 5,929 49,093 103,084 8,963 217.8 2019 I* 6,515 6,890 13,459 10,600 1,475 12,202 25,661 2,240 55.0 II* 6,975 6,690 13,720 10,870 1,480 12,491 26,211 2,265 56.7 Annual Aug Proj. 27,720 27,875 55,812 43,420 5,970 49,936 105,748 9,130 220.9 Sep Proj. 27,720 27,875 55,812 43,420 5,985 49,951 105,763 9,130 221.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 III 112.46 55.59 94.9 96.9 102.1 17.73 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III* 108-111 43-44 93-94 80-81 124-127 16.05 -16.25 IV* 108-114 31-33 82-86 83-87 132-138 17.40 -17.90 Annual Aug Proj. 115-117 44-45 99-101 81-83 141-144 16.10 -16.30 Sep Proj. 115-117 43-44 96-98 80-82 140-142 16.30 -16.50 2019 I* 116-126 36-38 90-98 74-80 115-125 17.10 -17.90 II* 118-128 41-45 100-108 79-85 110-120 16.50 -17.50 Annual Aug Proj. 113-122 39-42 96-104 84-91 119-129 16.45 -17.45 Sep Proj. 113-122 39-42 92-100 81-88 119-129 16.75 -17.75 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. September 2018 WASDE - 581 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Aug 649 27,157 3,037 30,842 3,124 680 27,038 57.7 Sep 649 27,157 3,037 30,842 3,164 685 26,993 57.6 2019 Proj. Aug 680 27,783 3,140 31,603 3,205 690 27,708 58.7 Sep 685 27,783 3,140 31,608 3,245 690 27,673 58.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Aug 554 26,723 1,129 28,407 5,969 550 21,888 51.7 Sep 554 26,688 1,099 28,342 5,989 550 21,803 51.5 2019 Proj. Aug 550 27,889 1,165 29,604 6,095 585 22,924 53.9 Sep 550 27,889 1,075 29,51 4 6,115 585 22,814 53.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Aug 1,246 54,113 4,434 59,793 9,100 1,285 49,409 110.7 Sep 1,246 54,079 4,404 59,729 9,160 1,297 49,273 110.4 2019 Proj. Aug 1,285 55,900 4,584 61,769 9,308 1,330 51,131 113.9 Sep 1,297 55,900 4,494 61,691 9,368 1,337 50,986 113.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Aug 856 42,159 126 43,141 6,869 860 35,412 92.7 Sep 856 42,164 126 43,146 6,869 860 35,417 92.7 2019 Proj. Aug 860 42,955 129 43,944 7,045 860 36,039 93.7 Sep 860 42,955 129 43,944 7,045 860 36,039 93.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Aug 310 5,939 25 6,273 630 300 5,343 16.3 Sep 310 5,929 25 6,263 630 300 5,333 16.2 2019 Proj. Aug 300 5,970 28 6,298 640 310 5,348 16.2 Sep 300 5,985 28 6,313 640 310 5,363 16.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,951 7,544 1,170 40,236 108.5 2018 Proj. Aug 1,170 48,635 154 49,959 7,592 1,164 41,204 110.3 Sep 1,170 48,636 154 49,960 7,592 1,165 41,204 110.3 2019 Proj. Aug 1,164 49,471 161 50,796 7,801 1,177 41,818 111.2 Sep 1,165 49,486 161 50,812 7,801 1,177 41,834 111.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Aug 2,416 102,748 4,588 109,753 16,691 2,449 90,613 221.0 Sep 2,416 102,715 4,558 109,690 16,751 2,462 90,476 220.7 2019 Proj. Aug 2,449 105,370 4,745 112,564 17,109 2,507 92,948 225.1 Sep 2,462 105,385 4,655 112,502 17,169 2,514 92,819 224.8 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and b roilers; certified ready -to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. September 2018 WASDE - 581 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Aug Sep Aug Sep Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 75.0 75.0 Production 8,578.7 8,807.8 8,982.6 8,962.6 9,130.0 9,130.0 Imports 129.5 34.2 22.1 22.1 27.0 27.0 Total Supply 8,781.8 8,984.1 9,092.2 9,072.2 9,232.0 9,232.0 Use Exports 304.2 354.9 336.4 336.4 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,065.6 1,065.4 1,085.0 1,085.0 Ending Stocks 142.2 87.5 75.0 75.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,615.2 7,595.4 7,727.0 7,727.0 Per Capita (number) 271.6 276.3 278.4 277.7 280.7 280.7 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Aug Sep Aug Sep Milk Billion Pounds Production 212.4 215.5 217.9 217.8 220.9 221.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.5 13.5 Marketings 211.4 214.5 216.9 216.8 219.9 220.0 Imports 6.9 6.0 6.0 6.2 5.6 6.0 Total Cml. Supply 230.7 233.2 236.3 236.5 239.0 239.5 Fat Basis Use Commercial Exports 8.4 9.2 10.4 10.3 9.9 9.8 Ending Commercial Stocks 12.7 13.4 13.5 13.5 12.5 12.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.3 Domestic Commercial Use 209.6 210.5 212.4 212.6 216.6 216.9 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.5 11.0 Marketings 211.4 214.5 216.9 216.8 219.9 220.0 Imports 6.5 6.1 5.6 5.7 5.5 5.6 Total Cml. Supply 227.1 230.1 234.3 234.3 235.9 236.5 Skim -solid Basis Use Commercial Exports 39.1 40.7 45.4 44.7 44.8 44.1 Ending Commercial Stocks 9.5 11.8 10.5 11.0 10.5 10.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.2 Domestic Commercial Use 178.5 177.6 178.4 178.6 180.6 181.5 Total Note: Totals may not add due to rounding. September 20 18 WASDE - 581 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Aug Sep Aug Sep Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.550 - 1.570 1.570 - 1.590 1.590 - 1.690 1.590 - 1.690 Butter 2.0777 2.3303 2.265 - 2.305 2.220 - 2.260 2.220 - 2.350 2.205 - 2.335 Nonfat Dry Milk 0.8292 0.8666 0.755 - 0.775 0.785 - 0.805 0.755 - 0.825 0.825 - 0.895 Dry Whey 0.2875 0.4437 0.295 - 0.315 0.320 - 0.340 0.300 - 0.330 0.350 - 0.380 Fil ler Dolla rs Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.50 - 14.70 14.85 - 15.05 14.95 - 15.95 15.20 - 16.20 Class IV 13.77 15.16 13.95 - 14.25 14.00 - 14.30 13.75 - 14.85 14.30 - 15.40 All Milk 3/ 16.30 17.65 16.10 - 16.30 16.30 - 16.50 16.45 - 17.45 16.75 - 17.75 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . September 2018 WASDE - 581 - 35 Reliability of September Projections 1/ Note: Tables on pages 35 -37 present a record of the September projection and the final Estimate. Using world wheat production as an example, the "root mean squ are error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2 perc ent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.4 percent. The average differ ence between the September projection and the final estimate is 9.1 million tons, ranging from 0.9 million to 30.7 million tons. The September projection has been below the estimate 25 times and above 12 times . Differences between forecast and final es timate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.0 3.4 9.1 0.9 30.7 25 12 U.S. 1.9 3.2 0.9 0.0 2.5 15 22 Foreign 2.3 3.9 9.1 1.0 30.9 26 11 Exports World 5.9 10.1 6.3 0.3 22.0 29 8 U.S. 10.4 17.7 2.6 0.2 10.0 17 20 Foreign 7.4 12.6 6.0 0.2 21.4 28 9 Domestic Use World 1.7 2.8 7.0 0.2 23.4 21 16 U.S. 7.4 12.6 2.0 0.0 5.5 12 25 Foreign 1.7 2.8 7.1 0.1 21.0 25 12 Ending Stocks World 8.2 13.9 9.8 1.5 29.6 29 8 U.S. 14.6 24.7 2.7 0.5 12.4 21 16 Foreign 9.0 15.3 8.6 0.5 27.1 28 9 COARSE GRAINS 2/ Production World 2.1 3.6 16.7 0.2 50.6 28 9 U.S. 4.2 7.2 7.7 0.2 26.0 25 12 Foreign 2.4 4.1 14.8 1.0 42.8 27 10 Exports World 7.2 12.2 7.0 0.1 25.2 26 11 U.S. 19.8 33.6 7.3 0.4 19.1 16 21 Foreign 13.8 23.5 7.7 0.7 20.9 24 13 Domestic Use World 1.6 2.7 11.9 0.4 39.0 22 15 U.S. 3.7 6.3 6.2 0.1 15.8 24 13 Foreign 1.7 3.0 10.4 0.4 37.6 24 13 Ending Stocks World 12.3 20.9 15.8 1.7 43.2 28 9 U.S. 23.4 39.7 8.4 0.1 32.2 15 22 Foreign 14.4 24.5 12.0 0.7 41.6 30 7 RICE, milled Production World 2.3 3.9 6.2 0.4 24.1 28 9 U.S. 4.4 7.5 0.2 0.0 0.5 20 16 Foreign 2.4 4.0 6.3 0.3 24.4 28 9 Exports World 9.2 15.6 1.6 0.1 6.8 27 10 U.S. 11.5 19.6 0.2 0.0 0.9 19 16 Foreign 10.3 17.5 1.6 0.1 6.8 27 10 Domestic Use World 1.8 3.1 4.3 0.4 22.7 29 8 U.S. 6.9 11.7 0.2 0.0 0.5 16 20 Foreign 1.9 3.2 4.3 0.2 23.1 29 8 Ending Stocks World 12.4 21.0 5.8 0.5 21.4 31 6 U.S. 23.0 39.0 0.2 0.0 0.9 20 17 Foreign 13.5 23.0 5.9 0.2 21.4 31 6 1/ Footnotes at end of table. CONTINUED September 2018 WASDE - 581 - 36 Reliability of September Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.7 7.9 7.2 0.4 27.4 23 14 U.S. 5.1 8.7 3.0 0.2 10.4 21 16 Foreign 7.6 13.0 6.8 0.9 29.1 18 19 Exports World 7.3 12.5 3.4 0.2 12.5 25 12 U.S. 12.1 20.6 2.8 0.1 7.3 23 14 Foreign 18.0 30.5 2.9 0.0 10.5 16 21 Domestic Use World 3.4 5.7 4.7 0.0 15.1 24 13 U.S. 4.6 7.7 1.7 0.1 4.5 24 13 Foreign 4.1 7.0 4.6 0.0 11.2 24 13 Ending Stocks World 18.1 30.7 5.4 0.2 24.8 21 16 U.S. 38.6 65.5 2.1 0.1 6.6 11 26 Foreign 20.1 34.1 4.9 0.0 24.7 22 14 COTTON Million 480 -Pound Bales Production World 4.8 8.1 3.2 0.1 12.6 23 14 U.S. 6.1 10.3 0.8 0.0 2.4 19 17 Foreign 5.4 9.2 2.9 0.0 11.3 24 13 Exports World 9.4 16.0 2.3 0.0 10.1 23 14 U.S. 21.1 35.8 1.2 0.1 3.4 21 16 Foreign 12.2 20.7 1.8 0.1 8.8 20 17 Domestic Use World 3.9 6.6 2.9 0.1 13.1 15 22 U.S. 8.3 14.0 0.4 0.0 1.3 17 18 Foreign 4.0 6.8 2.8 0.0 12.3 16 20 Ending Stocks World 14.4 24.5 5.4 0.2 15.9 25 12 U.S. 36.4 61.7 1.4 0.1 5.1 15 22 Foreign 14.9 25.2 5.0 0.2 16.0 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. September 2018 WASDE - 581 - 37 Reliability of United States September Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 4.5 7.6 289 15 885 25 12 Exports 20.7 35.1 264 46 725 16 21 Domestic Use 4.1 6.9 245 0 565 24 12 Ending Stocks 26.7 45.3 314 2 1,321 15 22 SORGHUM Production 6.2 10.5 24 0 81 16 20 Exports 26.6 45.2 39 0 150 19 17 Domestic Use 24.4 41.4 38 0 120 18 17 Ending Stocks 48.4 82.2 33 1 155 11 26 BARLEY Production 4.9 8.3 11 1 36 15 22 Exports 66.1 112.1 13 0 82 15 18 Domestic Use 10.0 17.0 23 0 72 12 23 Ending St ocks 17.9 30.3 19 0 70 19 17 OATS Production 9.3 15.8 12 0 44 6 30 Exports 99.0 168.1 1 0 8 10 14 Domestic Use 6.5 11.0 14 1 39 11 26 Ending Stocks 23.5 39.9 15 2 47 19 18 SOYBEAN MEAL Thousand Short Tons Production 4.4 7.5 1,343 93 4,200 25 12 Exports 14.7 25.0 930 34 4,100 21 16 Domestic Use 3.7 6.3 795 26 3,200 23 14 Ending Stocks 40.5 68.7 53 0 368 13 13 SOYBEAN OIL Million Pounds Production 4.7 7.9 638 26 2,635 23 14 Exports 34.5 58.5 431 0 1,675 20 16 Domestic Use 4.2 7.1 475 86 2,150 24 13 Ending Stocks 30.7 52.1 436 60 1,357 21 16 ANIMAL PROD. Million Pounds Beef 4.1 6.9 810 32 2,486 26 10 Pork 3.0 5.1 403 5 1,356 22 14 Broilers 2.1 3.6 521 49 1,379 22 14 Turkeys 3.8 6.4 145 2 444 21 15 Million Dozen Eggs 1.9 3.2 107 4 414 24 12 Billion Pounds Milk 1.7 2.8 1.9 0.0 7.2 20 12 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1994 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2017. WASDE -581-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government ag encies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodi ty/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonl ine/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2. 20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE N otification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -581 – September 12, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, s exual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’ s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 550 Approved by the Worl d Agricultural Outlook Board February 9, 2016 WHEAT: U.S. 2015/16 wheat expor ts are lowered 25-million-bus hels this month to 775 million. U.S. exports are lowe red on increased inte rnational competitio n, especially from Canada. This export total is t he lowest since 1971/72. U.S. wheat ending stocks are raised 25 million bushels and are the largest since 2009/10. Global wheat supplies for 2015/ 16 are raised 2.1 million tons primar ily on increased beginning stocks and slig htly larger production . The largest change to beginning stocks is a 2.0-million-ton increase for China, which is raised on a multi-year revision in total use. World beginning stocks are raised 1. 7 million tons. World wheat production remain s record high and is raised 0.4 million tons le d by a 0.5-million-ton increase for Argentina and a 0.3-million- ton increase for Ukraine. Kazakh stan is lowered 0.3 million tons . Foreign trade is raised 2.3 million tons led by a 1.5-million- ton increase for Canada exports on a fa st pace to date. Argentina and Turkey exports are each raised 0.5 million t ons. Imports are raised 0.5 million tons for Ethiopia on in creased needs stemming from the drought, and 0.3 million tons each for China and South Korea. World wheat consumption for 20 15/16 is lowered 4.7 million to ns led by a 4.0-million-ton decrease for China as government policies reduce the food and feed uses of wheat in favor of other grains. India consum ption is lowered 2. 9 million tons on gov ernment stocks data that was larger than expected. With wheat supp lies increasing and total usage decreasing, global ending stocks are raised 6.8 million tons to a record 238.9 million tons. COARSE GRAINS: U.S. feed grain endi ng stocks for 2015/16 ar e projected higher this month with corn imports raised and exports lowered. Corn imports are pr ojected 10 million bushels higher based on recent impo rts of corn into so utheastern U.S. feed markets. Corn exports are projected 50 million bushels lower as larger supplies of South American corn further increase competition for U.S. exports. Partly offsetting is a 25 -million-bushel increase in projected U.S. corn use for ethanol based on the strong pace of ethanol production during January, as indicated by week ly Energy Information Admini stration (EIA) data, and higher forecast gasoline consumptio n. Corn ending stocks fo r 2015/16 are raised 35 million bushels. The projected range for the corn season-average farm price is narrowed 5 cents on both ends to $3.35 to $3.85 per bushel. Global coarse grain supplies for 2015/16 are projected 1.3 million tons highe r. Higher Brazil and Argentina corn production more than offset lower corn beginning st ocks in these same countries and lower pr oduction elsewhere. Brazil and Argentina 2015/16 beginning stocks are lowered with higher 2014/15 ex ports. Brazil corn production fo r 2015/16 is raised 2.5 million tons based on higher first- crop yields and indica tions that strong do mestic corn prices, reflecting the devalued local currency, will increase se cond-crop plantings. Argentina corn production is increased 1. 4 million tons on higher area. Argentina corn production is revised WASDE-550-2 higher for 2014/15, also on higher area. South Af rica corn prod uction for 2015 /16 is lowered 1.0 million tons, as cont inued historic drought conditions further reduce crop prospects despite some stabilizing rain during the month of January. Indonesia corn production is reduced 0.5 million tons. Other coarse grain production changes are mo stly offsetting with sorghum lowered for Mexico, rye raised for EU, and barley increa sed for Argentina. Global coarse grain consumpt ion for 2015/16 is raised 0. 9 million tons with foreign consumption up 0.2 million tons. The largest change this month is a 2.0-million-ton increase in China corn feed use as relative internal market prices are expected to support greater corn feeding at the expense of wheat. Corn use is also increased for Mexico, India and Turkey. Partially offsetting are corn feeding reductions for Brazil and Argentina. Sorghum feed use is lowered for Mexico. Global coarse grain imports for 2015/16 are raised 4.3 million tons with co rn imports higher for South Africa, Iran, India, Indonesia, Mexico, and Turkey . Corn exports are raised for Brazil, Argentina, and South Africa, but lowere d for the United States . Barley exports are raised for Argentina and Kazakhstan, with higher imports fo r Saudi Arabia. Global coarse grain ending stocks for 2015 /16 are slightly higher, as larger barley and rye stocks more than offset a small reduction for corn. RICE: There are no changes to this month’s 2015/16 U.S. rice supply and use projections. The all rice price is lowered $0.40 per cwt at the high end and $0.20 at the low end to a range of $12.50 to $13.30. The long-grain pr ice is lowered $0.20 per cwt at the midpoint and the medium/short-grain price is lowered $0.6 0 per cwt at the midpoint. The price changes are made based on reported pr ices to date and expectations regardin g prices for the remainder of the market year. Global rice supplies for 2015/16 are reduced 1.0 milli on tons on decrease d production and lower beginning stocks. The la rgest production change is a 0.5-million-ton decline for Thailand on the lack of water available. Brazil is down 0.1 m illion tons on updated government statistics, while crop estimates are lowere d for Nicaragua an d other Central American countries to reflect drought c onditions. Beginning stocks are lowered 0.4 million tons primarily due to Vietnam. Global 2015/16 exports are lowered 0. 5 million tons led by 0.3-million-ton reductions each fo r Thailand and Vietna m, both on lower exportable supplies. Global imports are reduced 0.2 m illion tons with the biggest reductio n 150,000 tons for Iran. World rice consumption for 2015/16 is lowered 0.6 million tons, but rema ins a record at 483.7 million tons. The larges t reduction is for Thail and, which is lowered 0. 3 million tons on a smaller crop. With the reduction in global supp lies greater than the re duction in total use, world ending stocks are lowered 0. 4 million tons to 89.3 million, the smallest since 2007/08. OILSEEDS: U.S. soybean ending sto cks for 2015/16 are projected at 450 million bushels, up 10 million from last month du e to a lower crush. Soybean production, trade, and other uses remain unchanged. Crush is reduced 10 million bushel s to 1,880 million reflecting a lower soybean meal export foreca st. Meal exports are reduced on slugg ish shipments and sales as well as greater expec ted competition from Argent ina where larger projected soybean supplies boost soybean meal exports. Lower U.S. soybean meal exports are partly offset by increased domestic so ybean meal use which is raised to reflect rela tively strong October-December disappearance. Soybean oil stocks are projected lowe r as reduced WASDE-550-3 production more than offsets larg er imports and a higher extraction rate. Soybean oil imports are raised on large sh ipments from Canada. The 2015/16 season-average soybean price range pr ojection is unchange d at $8.05 to $9.55 per bushel. Soybean meal and o il price projections are also un changed at $270 to $310 per short ton and 28.5 to 31.5 cents per pound , respectively. Global oilseed production for 2015/16 is projected at 527.4 million tons, up slight ly from last month as an increase in soybean production more th an offsets lower fo recasts for peanuts and sunflowerseed. Soybean production in Argentina is proj ected up 1.5 millio n tons to 58.5 million on a higher yield pr ojection. The revised yield forecast is in line with an adjustment to last year’s yield and is also supported by beneficial rain that has improved crop prospects. Peanut production in I ndia is reduced this month on lo wer area. Global sunflowerseed production is projected lo wer as a decrease for Russ ia more than offsets higher production in Ukraine. Global 2015/16 soybean and product supply and use chang es include incr eased soybean crush for Argentina an d Canada, increased soybean meal and oil exports for Argentina, increased soybean oil ex ports for Canada, and reduc ed soybean meal expor ts for India. In addition to the United States, higher soybean meal disappearan ce is projected for India where soybean meal substitute s for lower peanut meal disa ppearance. Soybean meal disappearance is also ra ised for Canada. Global oilseed stocks are proj ected at 91.2 million tons, up 0.3 million. Higher soybean stocks in Argentina, t he United States, and Turkey, more than offset lower rapeseed stocks in t he EU and Canada. SUGAR: U.S. sugar producti on for 2015/16 is projected at 8.849 million short tons, raw value (STRV). Production of Fl orida cane sugar is increased 62,539 STRV to 2.136 million based on a larger suga rcane crop reported by the National Agricultural Stat istics Service (NASS). Beet sugar production is reduced by 147,594 STRV to 5.010 million due to lower expected sucrose recovery from sliced sugarbeets. U.S. cane sugar refine rs are expected to impor t more sugar in 2015/16 under the USDA re- export import program to take advantage of th e large margin betwe en domestic and world raw sugar prices. The increas e is projected at 61,524 STRV , implying total imports of 300,000. Refiners have mo re than sufficient room on their license balances for this quantity of imports. Deliveries for human c onsumption in 2015/16 ar e unchanged. Sugar de liveries are running slightly ahead of the same corresponding period last ye ar but there are significant differences. Strong deliveries of sugar sold by U.S. cane sugar refineries are up 2.8 percent year-over-year. There is a stronger pace of dire ct consumption imports reflecting a pick-up in refined sugar imports fr om Mexico, and a continuing weak ness in beet sugar deliveries to consumers that are down 9.5 percent year-over-year. U.S. ending stocks for 2015/16 are projected at 1. 565 million STRV, implying an ending stocks-to-use rati o of 12.8 percent. WASDE-550-4 For the 2015/16 Mexico deliver ies for human consumption are reduced 43,953 metric tons (MT) to 4.344 million, re flecting c hanges by the Comite Nacional Pa ra El Desarrollo Sustentable de la Caña de Azucar (CONADESUCA). LIVESTOCK, POULTRY, AND DAIRY: The 2016 forecast of to tal red meat and poultry production is raised from last month as higher forecast pork and broiler production more than offsets reduced forecasts for beef and turkey. USDA’s Cattle report, releas ed January 29, estimated that the cattle invent ory continued to incr ease and pointed to a higher level of cattle outside feedlots on Janu ary 1, 2016. However, with lo wer year-over placements in fourth-quarter of 2015 and only modest increases expected in first-half 2016 placements, marketings and fed catt le slaughter forecasts fo r 2016 are reduced. Pa rtly offsetting the lower fed cattle slaughter is higher expected cow slaughter and an increa se in cattle carcass weights as the pace of marketings is slowed. Po rk production is raised as slaughter during January was above expectati ons. Broiler production is higher as recent hatchery data shows faster-than-expected growth in chicks placed and bird weights continue to increase. Turkey production is reduced on hatchery data. Egg producti on is raised on incr eased hatching egg production. Estima tes of 2015 meat and eg g production are adjusted to reflect December data. Beef and pork import and export forecasts fo r 2016 are unchanged from last month. The broiler export forecast is lowered as South Korea reinstated its ban on imports of uncooked U.S. poultry following the discovery of HPAI in Indiana in mid-January. Turkey exports are unchanged. The egg expor t forecast is unchanged, but the import forecast is raised. Meat and egg trade estimates for 2015 are updated based on data for December. Cattle prices for 2016 are rais ed from last month on higher expected pr ices in the first quarter. First quarter hog prices are lowered fr om last month as supp lies are expected to support higher slaughter levels; ho wever, the forecast of the an nual price is unchanged. Broiler prices are lowered from last month on weaker prices to date. The turkey price is unchanged. Egg prices are raised in the first quarter, but lowe red in the seco nd with the annual average price lowere d from last month. The milk production foreca st for 2016 is ra ised from last month as th e cow herd is adjusted slightly to reflect the January 1 dairy cow inventor y reported in USDA’s Cattle report and milk per cow is raised fo r the first quarter. Begi nning stocks are raised fr om last month as cheese stocks at the end of 2015 were high. Both fat basis and skim-so lids exports fo r 2016 are reduced from last mont h reflecting continued pressure on cheese, nonfat dry milk (NDM), whey, and lactose exports , due to large global supplies and a relative ly strong dollar. Imports are unchanged from last mont h. For 2015, production, trad e, and stock estimates are updated based on data through December. Product price forecasts fo r NDM and whey are forecast lowe r as U.S. prices continue to reflect weakness in international markets. The butter price forecast is raised as domestic demand remains strong. The cheese price foreca st is unchanged from la st month, although the range is narrowed. The Cla ss III price is lowe red on lower whey pric es. The Class IV price is down as a lower NDM pric e more than offsets a hi gher butter price. The all milk price is forecast at $15.30 to $16.00 per cwt. WASDE-550-5 COTTON: A 5-percent re duction in exports is raising projected 2015/ 16 U.S. cotton ending stocks this month. The produc tion and domestic mill use fo recasts are unch anged. Exports are reduced 500,000 bales to 9.5 million, reflecting cont inued sluggish export sales, attributable mainly to sharply lo wer imports by China relative to last season. Ending stocks are now projected at 3.6 million bales, or 27.5 percent of to tal use. The forecast range for the marketing year average price received by producers of 58 to 61 cents per pound is raised 1 cent on the lower end, with the mid-poi nt now forecast at 59.5 cents. The world 2015/16 cotton forecasts incl ude lower expectations of consumption and trade relative to last month. C onsumption and imports are reduced for China, based on continued sluggish demand, and fo r Pakistan, where a slower pace of imports indicates reduced demand. World consumption is lo wered 1.3 million bales, which al so includes r eductions for India and Brazil. With global imports nearly 1.0 milli on bales below last month, exports are reduced for Brazil, Indi a, and Pakistan, in addi tion to the United Stat es. Global stocks are now forecast at just over 104 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-550-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-550-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 February 2016 WASDE - 550 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2474.81 2925.88 372.04 2413.29 512.59 2014/15 (Est.) 2501.50 3014.09 391.90 2454.09 560.01 filler filler filler filler filler 2015/16 (Proj.) Jan 2467.46 3027.19 361.22 2460.67 566.52 2015/16 (Proj.) Feb 2469.55 3029.56 365.02 2456.23 573.33 filler filler filler filler filler Wheat 2013/14 715.35 892.39 165.91 698.36 194.03 2014/15 (Est.) 725.91 919.94 164.42 705.43 214.51 filler filler filler filler filler 2015/16 (Proj.) Jan 735.39 948.18 161.56 716.14 232.04 2015/16 (Proj.) Feb 735.77 950.28 163.13 711.41 238.87 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.02 1444.55 164.38 1233.37 211.18 2014/15 (Est.) 1297.45 1508.63 183.76 1266.59 242.03 filler filler filler filler filler 2015/16 (Proj.) Jan 1261.95 1505.04 157.49 1260.26 244.79 2015/16 (Proj.) Feb 1264.28 1506.32 160.27 1261.14 245.18 filler filler filler filler filler Rice, milled 2013/14 478.43 588.94 41.76 481.56 107.38 2014/15 (Est.) 478.14 585.52 43.71 482.06 103.46 filler filler filler filler filler 2015/16 (Proj.) Jan 470.12 573.97 42.16 484.27 89.70 2015/16 (Proj.) Feb 469.50 572.96 41.62 483.68 89.28 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40 2014/15 (Est.) 439.49 499.16 83.13 347.06 68.98 filler filler filler filler filler 2015/16 (Proj.) Jan 428.85 505.22 76.75 351.12 77.36 2015/16 (Proj.) Feb 428.85 505.51 74.80 351.77 78.95 filler filler filler filler filler Wheat 2013/14 58.11 82.35 32.00 34.29 16.07 2014/15 (Est.) 55.15 75.28 23.25 31.55 20.48 filler filler filler filler filler 2015/16 (Proj.) Jan 55.84 79.58 21.77 32.20 25.61 2015/16 (Proj.) Feb 55.84 79.58 21.09 32.20 26.29 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31 2014/15 (Est.) 377.23 414.96 56.67 311.35 46.95 filler filler filler filler filler 2015/16 (Proj.) Jan 366.90 417.22 51.73 315.07 50.41 2015/16 (Proj.) Feb 366.90 417.50 50.46 315.72 51.32 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03 2014/15 (Est.) 7.11 8.91 3.21 4.16 1.55 filler filler filler filler filler 2015/16 (Proj.) Jan 6.11 8.42 3.24 3.85 1.33 2015/16 (Proj.) Feb 6.11 8.42 3.24 3.85 1.33 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). February 2016 WASDE - 550 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,043.50 2,441.67 282.55 2,069.97 461.19 2014/15 (Est.) 2,062.02 2,514.94 308.77 2,107.03 491.03 filler filler filler filler filler 2015/16 (Proj.) Jan 2,038.61 2,521.97 284.48 2,109.55 489.17 2015/16 (Proj.) Feb 2,040.70 2,524.05 290.23 2,104.46 494.38 filler filler filler filler filler Wheat 2013/14 657.25 810.04 133.91 664.07 177.97 2014/15 (Est.) 670.76 844.66 141.17 673.88 194.04 filler filler filler filler filler 2015/16 (Proj.) Jan 679.55 868.59 139.79 683.94 206.42 2015/16 (Proj.) Feb 679.93 870.70 142.04 679.22 212.57 filler filler filler filler filler Coarse Grains 5/ 2013/14 913.94 1,050.70 109.89 928.32 176.86 2014/15 (Est.) 920.22 1,093.67 127.10 955.25 195.09 filler filler filler filler filler 2015/16 (Proj.) Jan 895.05 1,087.83 105.76 945.19 194.37 2015/16 (Proj.) Feb 897.38 1,088.81 109.81 945.42 193.86 filler filler filler filler filler Rice, milled 2013/14 472.31 580.94 38.75 477.58 106.36 2014/15 (Est.) 471.03 576.61 40.50 477.91 101.91 filler filler filler filler filler 2015/16 (Proj.) Jan 464.01 565.55 38.93 480.42 88.37 2015/16 (Proj.) Feb 463.39 564.54 38.38 479.82 87.96 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.41 212.15 40.81 109.92 103.07 2014/15 (Est.) 119.15 222.22 35.38 110.30 112.17 filler filler filler filler filler 2015/16 (Proj.) Jan 101.56 213.62 36.05 110.94 102.86 2015/16 (Proj.) Feb 101.38 213.55 35.11 109.60 104.08 filler filler filler filler filler United States 2013/14 12.91 16.72 10.53 3.55 2.35 2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70 filler filler filler filler filler 2015/16 (Proj.) Jan 12.94 16.65 10.00 3.60 3.10 2015/16 (Proj.) Feb 12.94 16.65 9.50 3.60 3.60 filler filler filler filler filler Foreign 4/ 2013/14 107.50 195.43 30.28 106.37 100.72 2014/15 (Est.) 102.83 203.54 24.13 106.73 108.47 filler filler filler filler filler 2015/16 (Proj.) Jan 88.61 196.97 26.05 107.34 99.76 2015/16 (Proj.) Feb 88.44 196.90 25.61 106.00 100.48 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average. February 2016 WASDE - 550 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 504.44 572.50 133.50 418.25 77.85 2014/15 (Est.) 535.99 613.84 146.53 439.75 90.81 filler filler filler filler filler 2015/16 (Proj.) Jan 526.93 618.47 147.95 446.90 90.91 2015/16 (Proj.) Feb 527.37 618.18 148.12 446.44 91.20 filler filler filler filler filler Oilmeals 2013/14 282.34 293.72 82.19 276.87 13.03 2014/15 (Est.) 300.46 313.49 85.05 293.59 14.87 filler filler filler filler filler 2015/16 (Proj.) Jan 306.96 321.71 88.18 304.12 13.48 2015/16 (Proj.) Feb 307.00 321.87 88.13 304.51 13.32 filler filler filler filler filler Vegetable Oils 2013/14 170.65 188.92 70.01 166.07 19.37 2014/15 (Est.) 176.25 195.62 75.68 170.71 19.16 filler filler filler filler filler 2015/16 (Proj.) Jan 179.25 198.23 76.42 177.06 16.67 2015/16 (Proj.) Feb 178.62 197.77 76.54 176.96 16.47 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95 2014/15 (Est.) 116.03 121.82 51.14 55.14 6.76 filler filler filler filler filler 2015/16 (Proj.) Jan 116.17 124.36 46.85 55.54 13.93 2015/16 (Proj.) Feb 116.17 124.36 46.85 55.27 14.21 filler filler filler filler filler Oilmeals 2013/14 39.39 43.50 10.77 32.44 0.29 2014/15 (Est.) 43.29 47.44 12.18 34.97 0.29 filler filler filler filler filler 2015/16 (Proj.) Jan 42.96 47.24 10.91 36.00 0.34 2015/16 (Proj.) Feb 42.69 46.97 10.46 36.18 0.34 filler filler filler filler filler Vegetable Oils 2013/14 10.42 15.58 1.12 13.50 0.97 2014/15 (Est.) 10.96 16.15 1.17 13.78 1.19 filler filler filler filler filler 2015/16 (Proj.) Jan 11.23 16.69 1.31 14.04 1.34 2015/16 (Proj.) Feb 11.19 16.71 1.32 14.03 1.37 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 405.42 464.66 87.95 366.79 73.90 2014/15 (Est.) 419.96 492.02 95.40 384.62 84.05 filler filler filler filler filler 2015/16 (Proj.) Jan 410.76 494.11 101.10 391.36 76.97 2015/16 (Proj.) Feb 411.20 493.82 101.26 391.18 77.00 filler filler filler filler filler Oilmeals 2013/14 242.96 250.22 71.42 244.43 12.74 2014/15 (Est.) 257.17 266.05 72.87 258.63 14.57 filler filler filler filler filler 2015/16 (Proj.) Jan 264.01 274.47 77.27 268.12 13.15 2015/16 (Proj.) Feb 264.31 274.90 77.68 268.34 12.98 filler filler filler filler filler Vegetable Oils 2013/14 160.23 173.33 68.90 152.57 18.40 2014/15 (Est.) 165.29 179.47 74.51 156.93 17.96 filler filler filler filler filler 2015/16 (Proj.) Jan 168.03 181.54 75.10 163.02 15.33 2015/16 (Proj.) Feb 167.43 181.06 75.22 162.93 15.10 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. February 2016 WASDE - 550 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Million Acres Area Planted 56.2 56.8 54.6 54.6 Area Harvested 45.3 46.4 47.1 47.1 Bushels Yield per Harvested Acre 47.1 43.7 43.6 43.6 Million Bushels Beginning Stocks 718 590 752 752 Production 2,135 2,026 2,052 2,052 Imports 173 149 120 120 Supply, Total 3,026 2,766 2,924 2,924 Food 955 958 967 967 Seed 77 79 66 66 Feed and Residual 228 122 150 150 Domestic, Total 1,260 1,159 1,183 1,183 Exports 1,176 854 800 775 Use, Total 2,436 2,014 1,983 1,958 Ending Stocks 590 752 941 966 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.90 - 5.10 4.90 - 5.10 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 739 556 455 224 54 2,026 Supply, Total 3/ 985 791 581 283 126 2,766 Domestic Use 423 308 294 71 63 1,159 Exports 269 270 133 146 37 854 Use, Total 692 579 427 216 100 2,014 Ending Stocks, Total 294 212 154 67 26 752 2015/16 (Proj.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,129 821 533 295 146 2,924 Domestic Use 479 288 238 100 78 1,183 Exports 220 255 125 140 35 775 Use, Total 699 543 363 240 113 1,958 Ending Stocks, Total Feb 429 278 170 55 34 966 Ending Stocks, Total Jan 425 268 165 54 29 941 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. February 2016 WASDE - 550 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Million Acres Area Planted 109.9 103.5 103.1 103.1 Area Harvested 98.1 93.1 93.0 93.0 Metric Tons Yield per Harvested Acre 3.74 4.05 3.94 3.94 Million Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9 Production 366.9 377.1 366.6 366.6 Imports 3.0 3.2 3.2 3.4 Supply, Total 393.4 414.5 416.7 417.0 Feed and Residual 133.5 139.3 140.7 140.7 Food, Seed & Industrial 171.1 171.6 173.9 174.5 Domestic, Total 304.6 310.9 314.6 315.2 Exports 54.5 56.7 51.7 50.5 Use, Total 359.1 367.6 366.3 365.7 Ending Stocks 34.3 46.9 50.4 51.3 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Million Acres Area Planted 95.4 90.6 88.0 88.0 Area Harvested 87.5 83.1 80.7 80.7 Bushels Yield per Harvested Acre 158.1 171.0 168.4 168.4 Million Bushels Beginning Stocks 821 1,232 1,731 1,731 Production 13,829 14,216 13,601 13,601 Imports 36 32 40 50 Supply, Total 14,686 15,479 15,372 15,382 Feed and Residual 5,040 5,315 5,300 5,300 Food, Seed & Industrial 2/ 6,493 6,568 6,570 6,595 Ethanol & by-products 3/ 5,124 5,209 5,200 5,225 Domestic, Total 11,534 11,883 11,870 11,895 Exports 1,920 1,864 1,700 1,650 Use, Total 13,454 13,748 13,570 13,545 Ending Stocks 1,232 1,731 1,802 1,837 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.30 - 3.90 3.35 - 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pr ice received by farmers. February 2016 WASDE - 550 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 8.5 8.5 Area Harvested (mil. acres) 6.6 6.4 7.9 7.9 Yield (bushels/acre) 59.6 67.6 76.0 76.0 Beginning Stocks 15 34 18 18 Production 392 433 597 597 Imports 0055 Supply, Total 408 467 620 620 Feed and Residual 93 80 130 130 Food, Seed & Industrial 70 15 100 100 Total Domestic 162 96 230 230 Exports 211 353 325 325 Use, Total 374 449 555 555 Ending Stocks 34 18 65 65 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.05 - 3.55 3.10 - 3.50 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 3.6 3.6 Area Harvested (mil. acres) 3.0 2.5 3.1 3.1 Yield (bushels/acre) 71.3 72.7 68.9 68.9 Beginning Stocks 80 82 79 79 Production 217 182 214 214 Imports 19 24 17 18 Supply, Total 316 287 310 311 Feed and Residual 66 43 50 50 Food, Seed & Industrial 153 151 153 153 Total Domestic 219 194 203 203 Exports 14 14 12 12 Use, Total 234 209 215 215 Ending Stocks 82 79 95 96 Avg. Farm Price ($/bu) 2/ 6.06 5.30 5.00 - 5.50 5.30 - 5.70 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.3 1.3 Yield (bushels/acre) 64.1 67.9 70.2 70.2 Beginning Stocks 36 25 54 54 Production 65 70 90 90 Imports 97 107 95 95 Supply, Total 198 202 238 238 Feed and Residual 98 70 100 100 Food, Seed & Industrial 73 77 77 77 Total Domestic 172 147 177 177 Exports 2222 Use, Total 173 149 179 179 Ending Stocks 25 54 59 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.30 2.10 - 2.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. February 2016 WASDE - 550 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Million Acres Area Planted 2.49 2.95 2.61 2.61 Area Harvested 2.47 2.93 2.58 2.58 Filler Pounds Yield per Harvested Acre 7,694 7,576 7,470 7,470 Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5 Production 190.0 222.2 192.3 192.3 Imports 23.1 24.7 24.0 24.0 Supply, Total 249.5 278.7 264.9 264.9 Domestic & Residual 3/ 124.4 129.9 121.0 121.0 Exports, Total 4/ 93.3 100.3 102.0 102.0 Rough 28.0 34.0 35.0 35.0 Milled (rough equiv.) 65.3 66.3 67.0 67.0 Use, Total 217.7 230.2 223.0 223.0 Ending Stocks 31.8 48.5 41.9 41.9 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.40 12.70 - 13.70 12.50 - 13.30 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Harvested Acres (mil.) 1.77 2.20 1.84 1.84 Yield (pounds/acre) 7,464 7,407 7,218 7,218 Beginning Stocks 21.9 16.2 26.5 26.5 Production 131.9 162.7 133.0 133.0 Supply, Total 7/ 173.3 200.0 180.0 180.0 Domestic & Residual 3/ 95.3 102.7 88.0 88.0 Exports 8/ 61.9 70.8 69.0 69.0 Use, Total 157.1 173.5 157.0 157.0 Ending Stocks 16.2 26.5 23.0 23.0 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 11.00 - 12.00 11.00 - 11.60 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Harvested Acres (mil.) 0.70 0.74 0.73 0.73 Yield (pounds/acre) 8,270 8,080 8,103 8,103 Beginning Stocks 12.2 13.3 20.2 20.2 Production 58.1 59.6 59.3 59.3 Supply, Total 7/ 73.8 76.8 83.0 83.0 Domestic & Residual 3/ 29.1 27.1 33.0 33.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 56.7 66.0 66.0 Ending Stocks 13.3 20.2 17.0 17.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 18.30 16.60 - 17.60 16.10 - 16.90 California 10/ 20.70 21.60 20.00 - 21.00 19.00 - 20.00 Other States 1/ 15.70 14.40 11.50 - 12.50 11.70 - 12.30 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain season- average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. February 2016 WASDE - 550 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.3 82.7 82.7 Area Harvested 76.3 82.6 81.8 81.8 Filler Bushels Yield per Harvested Acre 44.0 47.5 48.0 48.0 Million Bushels Beginning Stocks 141 92 191 191 Production 3,358 3,927 3,930 3,930 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,150 4,150 Crushings 1,734 1,873 1,890 1,880 Exports 1,638 1,843 1,690 1,690 Seed 97 96 92 92 Residual 10 49 39 39 Use, Total 3,478 3,862 3,711 3,701 Ending Stocks 92 191 440 450 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.05 - 9.55 8.05 - 9.55 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,655 1,165 1,820 1,820 Production 4/ 20,130 21,399 21,925 21,845 Imports 165 264 265 300 Supply, Total 21,950 22,828 24,010 23,965 Domestic Disappearance 18,908 18,994 19,600 19,600 Biodiesel 3/ 5,010 5,037 5,500 5,500 Food, Feed & other Industrial 13,898 13,958 14,100 14,100 Exports 1,877 2,014 2,300 2,300 Use, Total 20,785 21,008 21,900 21,900 Ending stocks 1,165 1,820 2,110 2,065 Avg. Price (c/lb) 2/ 38.23 31.60 28.50 - 31.50 28.50 - 31.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. January February Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 260 260 Production 4/ 40,685 45,062 44,715 44,415 Imports 383 333 325 325 Supply, Total 41,343 45,645 45,300 45,000 Domestic Disappearance 29,547 32,235 33,300 33,500 Exports 11,546 13,150 11,700 11,200 Use, Total 41,093 45,384 45,000 44,700 Ending Stocks 250 260 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 270.00 - 310.00 270.00 - 310.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,903 millio n bushels for 2014/15 and 1,880 million bushels for 2015/16. February 2016 WASDE - 550 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,768 1,768 Production 2/ 8,462 8,649 8,934 8,849 Beet Sugar 4,794 4,893 5,158 5,010 Cane Sugar 3,667 3,756 3,776 3,839 Florida 1,763 1,975 2,073 2,136 Hawaii 168 146 165 165 Louisiana 1,591 1,513 1,423 1,423 Texas 145 123 115 115 Imports 3,742 3,553 3,100 3,162 TRQ 3/ 1,302 1,536 1,514 1,514 Other Program 4/ 305 471 238 300 Other 5/ 2,135 1,546 1,348 1,348 Mexico 2,130 1,532 1,333 1,333 Total Supply 14,361 14,012 13,802 13,778 Exports 306 185 123 123 Deliveries 12,246 12,060 12,090 12,090 Food 6/ 11,819 11,929 11,955 11,955 Other 7/ 427 131 135 135 Miscellaneous 0000 Total Use 12,552 12,245 12,213 12,213 Ending Stocks 1,810 1,768 1,588 1,565 Stocks to Use Ratio 14.4 14.4 13.0 12.8 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (69). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Jan 831 5,985 128 4,691 1,442 811 2014/15 Est. Feb 831 5,985 128 4,691 1,442 811 2015/16 Proj. Jan 811 6,056 90 4,725 1,150 1,081 2015/16 Proj. Feb 811 6,056 90 4,681 1,150 1,125 1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 979; Oct-Dec 2014/15 = 229, Oct-Dec 2015/16 = 231 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (337 est), 2015/16 (337 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0). February 2016 WASDE - 550 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Jan Feb Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 8.58 8.58 Harvested 7.54 9.35 8.08 8.08 Filler Pounds Yield per Harvested Acre 821 838 769 769 Million 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70 Production 12.91 16.32 12.94 12.94 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 16.65 16.65 Domestic Use 3.55 3.58 3.60 3.60 Exports, Total 10.53 11.25 10.00 9.50 Use, Total 14.08 14.82 13.60 13.10 Unaccounted 2/ 0.29 0.16 -0.05 -0.05 Ending Stocks 2.35 3.70 3.10 3.60 Avg. Farm Price 3/ 77.9 61.3 57.00 - 61.00 58.00 - 61.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2016 WASDE - 550 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 177.04 715.35 158.36 126.68 698.36 165.91 194.03 United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.50 657.25 153.65 120.48 664.07 133.91 177.97 Major Exporters 4/ 20.80 217.92 4.58 56.90 139.71 76.17 27.42 Argentina 0 . 2 9 1 0 . 5 00 . 0 00 . 1 06 . 0 52 . 2 52 . 4 9 Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56 Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.58 3.98 49.00 117.30 32.03 9.94 Major Importers 6/ 83.45 194.31 87.36 28.30 259.78 5.19 100.15 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 16.00 116.50 0.89 65.27 Sel. Mideast 7/ 8.94 18.96 20.69 4.92 36.07 0.50 12.02 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.45 24.21 0.40 0.60 24.10 0.75 2.21 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55 Selected Other India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 14.29 103.87 7.41 22.65 72.75 37.15 15.67 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2 . 9 4 1 3 . 9 40 . 0 12 . 0 06 . 8 08 . 1 01 . 9 9 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 194.03 725.91 158.80 132.06 705.43 164.42 214.51 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 177.97 670.76 154.73 128.73 673.88 141.17 194.04 Major Exporters 4/ 27.42 222.11 6.65 62.69 146.47 81.64 28.08 Argentina 2 . 4 9 1 2 . 5 00 . 0 40 . 3 06 . 3 55 . 5 03 . 1 8 Australia 4.56 23.67 0.16 4.10 7.50 16.61 4.27 Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.94 156.53 5.98 54.50 123.50 35.42 13.52 Major Importers 6/ 100.15 196.99 84.72 29.78 262.14 7.65 112.07 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.02 17.37 21.26 4.45 36.10 1.52 13.03 N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35 Pakistan 2.21 25.98 0.75 1.00 24.50 0.70 3.74 Southeast Asia 9/ 3.55 0.00 19.91 4.76 18.52 0.96 3.98 Selected Other India 17.83 95.85 0.05 4.50 93.13 3.40 17.20 FSU-12 15.67 112.73 7.67 24.65 75.86 40.22 20.00 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2016 WASDE - 550 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 212.79 735.39 159.67 137.98 716.14 161.56 232.04 Feb 214.51 735.77 161.27 135.14 711.41 163.13 238.87 United States Jan 20.48 55.84 3.27 4.08 32.20 21.77 25.61 Feb 20.48 55.84 3.27 4.08 32.20 21.09 26.29 Total Foreign Jan 192.31 679.55 156.40 133.90 683.94 139.79 206.42 Feb 194.04 679.93 158.00 131.06 679.22 142.04 212.57 Major Exporters 4/ Jan 28.09 222.08 6.67 64.90 148.33 77.00 31.51 Feb 28.08 222.58 6.67 64.90 148.33 79.00 29.99 Argentina Jan 3.18 10.50 0.03 0.10 6.15 6.00 1.56 Feb 3.18 11.00 0.03 0.30 6.35 6.50 1.36 Australia Jan 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Feb 4.27 26.00 0.15 4.00 7.43 18.00 5.00 Canada Jan 7.11 27.60 0.49 3.80 9.00 20.50 5.69 Feb 7.11 27.60 0.49 3.60 8.80 22.00 4.39 European Union 5/ Jan 13.53 157.98 6.00 57.00 125.75 32.50 19.26 Feb 13.52 157.98 6.00 57.00 125.75 32.50 19.25 Major Importers 6/ Jan 110.32 203.82 85.47 30.42 268.07 6.81 124.74 Feb 112.07 203.82 86.07 27.62 264.29 6.81 130.86 Brazil Jan 0.87 5.60 6.30 0.40 10.40 1.30 1.07 Feb 0.87 5.54 6.50 0.60 10.60 1.30 1.01 China Jan 74.11 130.19 2.00 15.00 118.00 1.00 87.30 Feb 76.11 130.19 2.30 12.00 114.00 1.00 93.60 Sel. Mideast 7/ Jan 13.03 17.86 20.65 4.85 37.49 0.83 13.21 Feb 13.03 17.86 20.65 4.85 37.49 0.83 13.21 N. Africa 8/ Jan 12.35 20.00 25.60 2.68 44.33 0.65 12.97 Feb 12.35 20.00 25.80 2.68 44.33 0.65 13.17 Pakistan Jan 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Feb 3.74 25.48 0.10 1.00 24.60 0.70 4.02 Southeast Asia 9/ Jan 4.23 0.00 20.63 5.59 19.85 0.96 4.04 Feb 3.98 0.00 20.63 5.59 19.88 0.96 3.77 Selected Other India Jan 17.20 88.94 0.50 4.80 93.94 0.80 11.90 Feb 17.20 88.94 0.50 4.50 91.04 0.80 14.80 FSU-12 Jan 20.00 117.53 7.34 26.03 78.31 46.36 20.21 Feb 20.00 117.53 7.49 26.03 78.31 46.36 20.35 Russia Jan 6.28 61.00 0.35 14.00 37.00 23.50 7.13 Feb 6.28 61.00 0.50 14.00 37.00 23.50 7.28 Kazakhstan Jan 3.25 14.00 0.08 2.10 6.90 6.50 3.92 Feb 3.25 13.75 0.08 2.10 6.90 6.50 3.67 Ukraine Jan 5.18 27.00 0.05 4.50 12.50 15.50 4.23 Feb 5.18 27.25 0.05 4.50 12.50 15.50 4.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2016 WASDE - 550 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 163.52 1,281.02 156.19 733.20 1,233.37 164.38 211.18 United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 139.99 913.94 152.97 599.50 928.32 109.89 176.86 Major Exporters 4/ 16.75 174.69 1.81 81.24 111.25 56.45 25.54 Argentina 2.47 35.67 0.00 8.84 13.70 21.27 3.17 Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05 Brazil 9.56 82.60 1.11 48.28 58.03 20.98 14.26 Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.50 249.67 113.02 259.15 341.61 10.98 43.61 European Union 6/ 13.08 158.92 16.27 122.36 164.11 8.63 15.53 Japan 0.98 0.19 17.50 12.91 17.67 0.00 1.00 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 9.93 31.09 30.66 50.38 57.94 0.30 13.44 Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other China 68.38 225.41 12.45 157.78 223.55 0.03 82.65 FSU-12 5.04 87.75 0.78 40.02 55.68 30.77 7.11 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 40.02 0.08 12.27 15.98 22.77 3.69 2014/15 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 211.18 1,297.45 168.17 748.28 1,266.59 183.76 242.03 United States 34.31 377.23 3.42 139.47 311.35 56.67 46.95 Total Foreign 176.86 920.22 164.76 608.82 955.25 127.10 195.09 Major Exporters 4/ 25.54 166.56 4.40 81.46 111.78 65.72 19.00 Argentina 3.17 34.03 0.01 8.87 14.03 21.11 2.07 Australia 1.05 11.65 0.00 2.69 4.36 7.18 1.16 Brazil 14.26 87.60 1.10 50.20 60.00 33.05 9.92 Canada 4.65 21.99 1.71 13.82 21.29 3.71 3.34 Major Importers 5/ 43.61 257.42 108.24 262.23 345.31 15.94 48.01 European Union 6/ 15.53 170.64 9.08 121.48 163.27 14.00 17.99 Japan 1.00 0.17 16.73 12.35 16.99 0.00 0.91 Mexico 3.58 32.39 11.55 24.40 41.93 0.79 4.81 N. Afr & Mideast 7/ 13.44 26.89 34.03 51.65 59.61 0.10 14.66 Saudi Arabia 3.89 0.36 11.25 11.15 11.63 0.00 3.88 Southeast Asia 8/ 3.90 26.66 11.40 29.29 37.29 1.05 3.62 South Korea 1.88 0.21 10.25 8.08 10.47 0.00 1.88 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.11 91.77 0.82 41.97 58.00 33.86 7.85 Russia 1.80 40.39 0.09 20.88 31.14 8.67 2.47 Ukraine 3.69 39.39 0.03 11.62 15.23 24.33 3.54 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. February 2016 WASDE - 550 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 243.09 1,261.95 161.30 759.76 1,260.26 157.49 244.79 Feb 242.03 1,264.28 165.64 761.66 1,261.14 160.27 245.18 United States Jan 46.95 366.90 3.37 140.95 315.07 51.73 50.41 Feb 46.95 366.90 3.66 140.96 315.72 50.46 51.32 Total Foreign Jan 196.15 895.05 157.94 618.81 945.19 105.76 194.37 Feb 195.09 897.38 161.99 620.70 945.42 109.81 193.86 Major Exporters 4/ Jan 19.88 164.42 3.67 84.37 114.89 56.47 16.61 Feb 19.00 167.50 5.19 83.50 113.88 60.24 17.58 Argentina Jan 2.37 33.46 0.01 9.42 14.78 19.11 1.95 Feb 2.07 35.06 0.01 9.22 14.58 20.11 2.45 Australia Jan 1.16 12.68 0.00 3.44 5.12 7.43 1.30 Feb 1.16 12.68 0.00 3.44 5.12 7.43 1.30 Brazil Jan 10.39 84.08 1.00 52.09 61.87 25.52 8.09 Feb 9.92 86.58 1.00 51.09 60.89 28.04 8.57 Canada Jan 3.34 25.66 1.06 14.30 21.80 4.20 4.06 Feb 3.34 25.66 1.06 14.45 21.95 4.05 4.06 Major Importers 5/ Jan 48.18 244.06 110.76 265.97 349.11 11.83 42.06 Feb 48.01 243.38 112.63 266.49 349.61 11.88 42.53 European Union 6/ Jan 17.99 150.68 16.39 119.55 161.45 9.92 13.70 Feb 17.99 150.98 16.39 119.55 161.45 9.97 13.95 Japan Jan 0.95 0.17 17.08 12.57 17.23 0.00 0.97 Feb 0.91 0.18 17.03 12.47 17.11 0.00 1.01 Mexico Jan 4.81 31.33 11.75 25.22 42.82 1.00 4.07 Feb 4.81 30.78 12.05 25.22 42.82 1.00 3.82 N. Afr & Mideast 7/ Jan 14.66 33.08 29.12 54.65 62.66 0.27 13.93 Feb 14.66 33.18 29.94 54.97 62.98 0.27 14.53 Saudi Arabia Jan 3.88 0.25 11.53 11.45 11.85 0.00 3.80 Feb 3.88 0.25 12.03 11.75 12.15 0.00 4.00 Southeast Asia 8/ Jan 3.62 28.21 10.62 30.46 38.47 0.64 3.35 Feb 3.62 27.71 10.92 30.46 38.47 0.64 3.15 South Korea Jan 1.94 0.20 10.09 8.04 10.32 0.00 1.92 Feb 1.88 0.20 10.09 8.04 10.32 0.00 1.85 Selected Other China Jan 102.02 231.58 16.75 163.13 235.48 0.08 114.80 Feb 102.02 231.58 16.75 165.13 237.48 0.08 112.80 FSU-12 Jan 7.86 81.98 0.82 40.83 56.16 28.41 6.08 Feb 7.85 82.26 0.82 40.88 56.22 28.64 6.06 Russia Jan 2.47 37.32 0.16 20.87 30.42 7.59 1.93 Feb 2.47 37.32 0.16 20.87 30.42 7.59 1.93 Ukraine Jan 3.54 33.25 0.06 10.38 13.93 20.13 2.79 Feb 3.54 33.25 0.06 10.43 14.00 20.19 2.65 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. February 2016 WASDE - 550 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 132.75 991.38 123.95 570.33 949.34 131.10 174.79 United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 111.89 640.11 123.04 442.31 656.37 82.32 143.50 Major Exporters 4/ 11.12 120.93 0.86 57.30 75.30 40.03 17.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 9.15 80.00 0.79 46.00 55.00 20.97 13.97 South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.25 120.24 76.07 133.46 185.52 4.44 18.60 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.64 15.95 58.00 76.50 2.41 6.83 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 150.00 208.00 0.02 81.32 FSU-12 2.00 46.92 0.44 18.36 21.13 24.81 3.42 Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.79 1,008.99 123.14 582.25 977.61 139.69 206.18 United States 31.29 361.09 0.80 135.01 301.85 47.36 43.97 Total Foreign 143.50 647.90 122.34 447.24 675.75 92.33 162.21 Major Exporters 4/ 17.58 122.80 2.01 59.60 77.60 52.15 12.63 Argentina 1.41 27.00 0.01 5.80 9.10 18.50 0.81 Brazil 13.97 85.00 0.60 48.00 57.00 33.00 9.57 South Africa 2.20 10.80 1.40 5.80 11.50 0.65 2.25 Major Importers 5/ 18.60 134.00 67.86 140.14 192.53 5.87 22.06 Egypt 2.40 5.96 7.83 11.50 13.90 0.01 2.27 European Union 6/ 6.83 75.79 8.76 59.50 78.00 4.03 9.35 Japan 0.55 0.00 14.66 10.40 14.70 0.00 0.50 Mexico 2.69 25.48 11.27 17.70 34.45 0.78 4.21 Southeast Asia 7/ 3.89 26.61 11.36 29.20 37.20 1.05 3.62 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.42 43.73 0.49 18.68 21.40 23.18 3.06 Ukraine 2.45 28.45 0.03 8.00 9.40 19.66 1.87 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. February 2016 WASDE - 550 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jan 207.23 967.93 124.59 594.85 966.22 116.71 208.94 Feb 206.18 970.08 128.30 596.65 967.45 119.40 208.81 United States Jan 43.97 345.49 1.02 134.63 301.51 43.18 45.78 Feb 43.97 345.49 1.27 134.63 302.15 41.91 46.67 Total Foreign Jan 163.25 622.45 123.58 460.22 664.71 73.53 163.16 Feb 162.21 624.59 127.03 462.03 665.31 77.49 162.14 Major Exporters 4/ Jan 13.53 115.10 2.11 61.30 79.50 41.70 9.54 Feb 12.63 118.00 3.61 60.20 78.20 45.60 10.44 Argentina Jan 1.11 25.60 0.01 6.30 9.80 16.00 0.92 Feb 0.81 27.00 0.01 6.00 9.50 17.00 1.32 Brazil Jan 10.07 81.50 0.60 50.00 59.00 25.50 7.67 Feb 9.57 84.00 0.60 49.00 58.00 28.00 8.17 South Africa Jan 2.35 8.00 1.50 5.00 10.70 0.20 0.95 Feb 2.25 7.00 3.00 5.20 10.70 0.60 0.95 Major Importers 5/ Jan 22.19 115.62 74.40 139.90 192.23 2.65 17.34 Feb 22.06 115.09 75.00 140.30 192.63 2.65 16.88 Egypt Jan 2.27 6.00 8.00 12.10 14.50 0.01 1.76 Feb 2.27 6.00 8.00 12.10 14.50 0.01 1.76 European Union 6/ Jan 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Feb 9.35 57.75 16.00 57.50 76.00 1.00 6.10 Japan Jan 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Feb 0.50 0.00 14.70 10.40 14.70 0.00 0.50 Mexico Jan 4.21 23.50 11.00 17.50 34.30 1.00 3.41 Feb 4.21 23.50 11.30 17.90 34.70 1.00 3.31 Southeast Asia 7/ Jan 3.62 28.16 10.60 30.40 38.40 0.64 3.34 Feb 3.62 27.66 10.90 30.40 38.40 0.64 3.14 South Korea Jan 1.92 0.08 10.00 8.00 10.10 0.00 1.90 Feb 1.86 0.08 10.00 8.00 10.10 0.00 1.84 Selected Other Canada Jan 1.40 13.60 1.00 8.00 13.35 1.00 1.65 Feb 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China Jan 100.46 224.58 2.50 150.00 214.00 0.05 113.49 Feb 100.46 224.58 2.50 152.00 216.00 0.05 111.49 FSU-12 Jan 3.07 39.91 0.49 18.64 21.51 19.43 2.53 Feb 3.06 39.94 0.49 18.66 21.53 19.50 2.47 Ukraine Jan 1.87 23.50 0.05 7.00 8.40 15.50 1.52 Feb 1.87 23.30 0.05 7.00 8.40 15.50 1.32 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. February 2016 WASDE - 550 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 110.51 478.43 38.38 481.56 41.76 107.38 United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.36 472.31 37.64 477.58 38.75 106.36 Major Exporters 4/ 39.41 162.07 0.63 134.66 30.64 36.81 India 25.44 106.65 0.00 99.18 10.15 22.76 Pakistan 0.30 6.80 0.03 2.60 3.20 1.33 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.42 76.99 1.10 11.15 Brazil 0.53 8.30 0.53 7.90 0.82 0.64 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.47 1.77 1.41 3.17 0.01 0.47 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 107.38 478.14 40.53 482.06 43.71 103.46 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 106.36 471.03 39.75 477.91 40.50 101.91 Major Exporters 4/ 36.81 158.79 0.73 133.90 32.26 30.17 India 22.76 104.80 0.00 98.00 11.87 17.69 Pakistan 1.33 7.01 0.03 2.80 4.00 1.56 Thailand 11.72 18.75 0.30 11.00 9.78 10.00 Vietnam 1.00 28.23 0.40 22.10 6.61 0.93 Major Importers 5/ 11.15 64.00 14.14 77.21 1.30 10.77 Brazil 0.64 8.47 0.45 7.90 1.00 0.65 European Union 6/ 1.16 1.90 1.70 3.27 0.27 1.23 Indonesia 5.50 35.56 1.19 38.30 0.00 3.95 Nigeria 0.66 2.84 3.50 5.80 0.00 1.19 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.87 6.08 0.00 1.06 Selected Other 0.00 Burma 0.37 12.60 0.00 10.65 1.75 0.57 C. Amer & Carib 8/ 0.47 1.77 1.62 3.37 0.01 0.47 China 46.81 144.56 4.32 147.60 0.43 47.66 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.11 7.84 0.64 8.31 0.08 3.20 Mexico 0.15 0.18 0.70 0.87 0.00 0.15 South Korea 0.90 4.24 0.47 4.42 0.00 1.19 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. February 2016 WASDE - 550 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jan 103.85 470.12 39.89 484.27 42.16 89.70 Feb 103.46 469.50 39.66 483.68 41.62 89.28 United States Jan 1.55 6.11 0.76 3.85 3.24 1.33 Feb 1.55 6.11 0.76 3.85 3.24 1.33 Total Foreign Jan 102.30 464.01 39.12 480.42 38.93 88.37 Feb 101.91 463.39 38.90 479.82 38.38 87.96 Major Exporters 4/ Jan 30.66 151.50 0.72 134.20 30.70 17.98 Feb 30.17 151.00 0.72 133.90 30.10 17.89 India Jan 17.69 100.00 0.00 98.00 8.50 11.19 Feb 17.69 100.00 0.00 98.00 8.50 11.19 Pakistan Jan 1.56 6.90 0.02 2.80 4.60 1.08 Feb 1.56 6.90 0.02 2.80 4.60 1.08 Thailand Jan 10.07 16.40 0.30 11.50 10.30 4.97 Feb 10.00 15.90 0.30 11.20 10.00 5.00 Vietnam Jan 1.33 28.20 0.40 21.90 7.30 0.73 Feb 0.93 28.20 0.40 21.90 7.00 0.63 Major Importers 5/ Jan 10.69 63.81 14.21 77.46 1.23 10.01 Feb 10.77 63.71 13.84 77.35 1.16 9.81 Brazil Jan 0.65 8.00 0.70 7.90 0.90 0.55 Feb 0.65 7.91 0.70 7.90 0.83 0.53 European Union 6/ Jan 1.23 2.01 1.50 3.28 0.28 1.18 Feb 1.23 2.01 1.50 3.28 0.28 1.18 Indonesia Jan 3.86 36.30 2.00 38.30 0.00 3.86 Feb 3.95 36.30 1.90 38.30 0.00 3.85 Nigeria Jan 1.19 2.71 2.50 5.85 0.00 0.55 Feb 1.19 2.71 2.50 5.85 0.00 0.55 Philippines Jan 2.21 11.50 2.00 13.25 0.00 2.46 Feb 2.21 11.50 2.00 13.25 0.00 2.46 Sel. Mideast 7/ Jan 1.06 1.89 4.35 6.22 0.00 1.09 Feb 1.06 1.89 4.10 6.13 0.00 0.93 Selected Other Burma Jan 0.57 12.20 0.00 10.65 1.80 0.32 Feb 0.57 12.20 0.00 10.65 1.80 0.32 C. Amer & Carib 8/ Jan 0.48 1.67 1.64 3.33 0.01 0.44 Feb 0.47 1.61 1.69 3.33 0.01 0.43 China Jan 47.66 145.77 4.70 150.00 0.45 47.68 Feb 47.66 145.77 4.70 150.00 0.45 47.68 Egypt Jan 0.92 4.00 0.03 4.00 0.40 0.54 Feb 0.92 4.00 0.03 4.00 0.40 0.54 Japan Jan 3.21 7.90 0.70 8.38 0.08 3.36 Feb 3.20 7.90 0.70 8.38 0.08 3.35 Mexico Jan 0.15 0.14 0.70 0.87 0.00 0.11 Feb 0.15 0.13 0.70 0.87 0.00 0.11 South Korea Jan 1.14 4.33 0.47 4.36 0.00 1.58 Feb 1.19 4.33 0.47 4.39 0.00 1.59 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. February 2016 WASDE - 550 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 91.74 120.41 41.28 109.92 40.81 -0.38 103.07 United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 87.94 107.50 41.27 106.37 30.28 -0.68 100.72 Major Exporters 4/ 27.37 57.03 1.36 32.00 26.58 -0.83 28.01 Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41 Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39 S. Hemis 7/ 9.73 14.04 0.29 5.26 7.74 -0.34 11.40 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.80 31.00 0.68 23.25 9.26 -0.50 11.46 Major Importers 8/ 58.77 47.23 37.58 69.96 2.64 0.15 70.84 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50 Thailand 0.24 3 / 1.55 1.53 0.00 0.03 0.24 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 103.07 119.15 35.71 110.30 35.38 0.09 112.17 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.72 102.83 35.70 106.73 24.13 -0.07 108.47 Major Exporters 4/ 28.01 52.65 1.73 32.50 20.65 -0.23 29.47 Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45 Afr. Fr. Zone 6/ 1.39 5.12 3 / 0.14 4.33 0.00 2.03 S. Hemis 7/ 11.40 11.02 0.17 4.55 7.05 -0.24 11.22 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.50 3.91 -0.15 7.43 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.84 46.94 31.82 69.86 2.57 0.15 77.02 Mexico 0.58 1.37 0.83 1.85 0.17 0.03 0.74 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.64 0.86 0.87 1.62 0.03 0.50 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.84 10.60 0.45 0.03 2.84 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. February 2016 WASDE - 550 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Jan 112.07 101.56 36.07 110.94 36.05 -0.15 102.86 Feb 112.17 101.38 35.08 109.60 35.11 -0.15 104.08 United States Jan 3.70 12.94 0.01 3.60 10.00 -0.05 3.10 Feb 3.70 12.94 0.01 3.60 9.50 -0.05 3.60 Total Foreign Jan 108.37 88.61 36.06 107.34 26.05 -0.11 99.76 Feb 108.47 88.44 35.07 106.00 25.61 -0.11 100.48 filler filler filler filler filler filler filler Major Exporters 4/ Jan 29.37 49.64 1.65 32.87 22.90 -0.23 25.12 Feb 29.47 49.52 1.56 32.23 22.60 -0.23 25.95 Central Asia 5/ Jan 2.45 5.65 3 / 2.51 3.80 0.00 1.79 Feb 2.45 5.65 3 / 2.51 3.80 0.00 1.79 Afr. Fr. Zone 6/ Jan 2.03 4.91 3 / 0.14 5.21 0.00 1.58 Feb 2.03 4.85 3 / 0.14 5.16 0.00 1.58 S. Hemis 7/ Jan 11.12 10.47 0.20 4.41 7.79 -0.24 9.82 Feb 11.22 10.61 0.21 4.27 7.64 -0.24 10.36 Australia Jan 1.78 2.40 3 / 0.04 2.75 -0.10 1.49 Feb 1.78 2.40 3 / 0.04 2.75 -0.10 1.49 Brazil Jan 7.33 6.50 0.05 3.35 4.30 -0.15 6.38 Feb 7.43 6.70 0.05 3.20 4.20 -0.15 6.93 India Jan 13.49 28.00 1.00 25.00 5.80 0.00 11.69 Feb 13.49 27.80 0.90 24.50 5.70 0.00 11.99 filler filler filler filler filler filler filler Major Importers 8/ Jan 77.02 35.94 32.15 70.02 2.18 0.12 72.79 Feb 77.02 35.94 31.25 69.32 2.08 0.12 72.69 Mexico Jan 0.74 0.95 0.98 1.90 0.15 0.03 0.59 Feb 0.74 0.95 0.98 1.90 0.15 0.03 0.59 China Jan 67.92 23.80 5.50 32.50 0.20 0.00 64.52 Feb 67.92 23.80 5.00 32.00 0.20 0.00 64.52 European Union 9/ Jan 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Feb 0.50 1.20 0.86 0.88 1.22 0.03 0.44 Turkey Jan 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Feb 1.60 2.65 3.80 6.40 0.25 0.00 1.40 Pakistan Jan 2.84 7.20 2.70 10.00 0.35 0.03 2.36 Feb 2.84 7.20 2.30 9.80 0.25 0.03 2.26 Indonesia Jan 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Feb 0.60 0.01 3.10 3.15 0.01 0.00 0.55 Thailand Jan 0.22 3 / 1.48 1.45 0.00 0.03 0.22 Feb 0.22 3 / 1.48 1.45 0.00 0.03 0.22 Bangladesh Jan 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Feb 1.28 0.13 5.75 5.85 0.00 0.01 1.30 Vietnam Jan 0.70 3 / 5.20 5.10 0.00 0.00 0.80 Feb 0.70 3 / 5.20 5.10 0.00 0.00 0.80 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2016 WASDE - 550 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.22 282.86 111.78 241.31 275.73 112.70 62.43 United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.39 191.48 109.83 194.12 225.64 68.13 59.92 Major Exporters 3/ 36.48 151.69 0.63 76.47 83.98 62.67 42.15 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.36 86.70 0.61 36.86 39.81 46.83 16.02 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.48 96.52 91.39 108.77 0.34 15.21 China 12.38 11.95 70.36 68.85 80.60 0.22 13.88 European Union 0.30 1.21 13.29 13.44 14.22 0.06 0.53 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 62.43 318.80 122.23 262.67 300.50 125.88 77.08 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.92 211.92 121.33 211.69 245.57 75.71 71.89 Major Exporters 3/ 42.15 168.81 0.33 84.01 92.14 68.41 50.74 Argentina 26.05 61.40 0.00 40.24 45.22 10.57 31.66 Brazil 16.02 96.20 0.31 39.93 42.90 50.61 19.01 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.21 15.40 105.35 98.73 117.28 0.29 18.38 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.53 1.81 13.39 14.20 15.04 0.12 0.58 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.36 3.82 4.18 4.21 0.00 0.08 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Jan 76.93 319.01 127.16 275.35 314.04 129.79 79.28 Feb 77.08 320.51 127.19 275.86 314.52 129.85 80.42 United States Jan 5.19 106.95 0.82 51.44 55.00 45.99 11.96 Feb 5.19 106.95 0.82 51.17 54.73 45.99 12.23 Total Foreign Jan 71.75 212.05 126.34 223.91 259.04 83.79 67.32 Feb 71.89 213.55 126.38 224.69 259.79 83.85 68.19 Major Exporters 3/ Jan 50.74 168.91 0.32 87.15 95.38 76.25 48.34 Feb 50.74 170.41 0.32 87.80 96.03 76.25 49.19 Argentina Jan 31.66 57.00 0.00 42.85 47.90 11.80 28.96 Feb 31.66 58.50 0.00 43.50 48.56 11.80 29.80 Brazil Jan 19.01 100.00 0.30 40.00 43.00 57.00 19.31 Feb 19.01 100.00 0.30 40.00 43.00 57.00 19.31 Paraguay Jan 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Feb 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Jan 18.38 15.48 108.38 105.91 125.41 0.33 16.50 Feb 18.38 15.48 108.38 105.91 125.41 0.33 16.50 China Jan 17.03 12.00 80.50 80.70 94.15 0.20 15.18 Feb 17.03 12.00 80.50 80.70 94.15 0.20 15.18 European Union Jan 0.58 2.05 13.70 14.80 15.67 0.10 0.56 Feb 0.58 2.05 13.70 14.80 15.67 0.10 0.56 Japan Jan 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Feb 0.22 0.22 2.90 2.02 3.10 0.00 0.24 Mexico Jan 0.08 0.36 4.05 4.35 4.39 0.00 0.10 Feb 0.08 0.36 4.05 4.35 4.39 0.00 0.10 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). February 2016 WASDE - 550 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.46 189.53 57.93 186.27 60.16 10.49 United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.21 152.62 57.58 159.47 49.68 10.26 Major Exporters 3/ 6.64 63.07 0.03 20.69 41.66 7.39 Argentina 3.25 27.89 0.00 2.10 24.97 4.07 Brazil 3.10 28.54 0.03 14.65 13.95 3.07 India 0.29 6.64 0.01 3.94 2.74 0.25 Major Importers 4/ 1.08 14.55 33.84 47.65 0.36 1.47 European Union 0.20 10.61 18.14 28.39 0.30 0.26 Southeast Asia 5/ 0.79 2.44 13.72 15.88 0.06 1.02 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.49 207.17 60.12 201.98 63.58 12.22 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 10.26 166.29 59.82 172.74 51.65 11.98 Major Exporters 3/ 7.39 67.42 0.03 22.16 44.01 8.67 Argentina 4.07 30.93 0.00 2.30 28.55 4.16 Brazil 3.07 30.89 0.02 15.25 14.39 4.34 India 0.25 5.60 0.01 4.61 1.07 0.18 Major Importers 4/ 1.47 15.75 35.69 51.17 0.44 1.31 European Union 0.26 11.22 19.26 30.14 0.36 0.24 Southeast Asia 5/ 1.02 2.91 14.73 17.65 0.08 0.94 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 12.19 216.92 63.84 215.19 66.27 11.48 Feb 12.22 217.02 63.89 215.63 66.21 11.29 United States Jan 0.24 40.56 0.30 30.21 10.61 0.27 Feb 0.24 40.29 0.30 30.39 10.16 0.27 Total Foreign Jan 11.95 176.35 63.54 184.98 55.65 11.21 Feb 11.98 176.73 63.60 185.24 56.05 11.02 Major Exporters 3/ Jan 8.67 69.52 0.03 23.03 47.10 8.09 Feb 8.67 69.80 0.03 23.11 47.50 7.88 Argentina Jan 4.16 33.40 0.00 2.50 31.25 3.81 Feb 4.16 33.68 0.00 2.48 31.75 3.60 Brazil Jan 4.34 30.96 0.02 15.55 15.60 4.17 Feb 4.34 30.96 0.02 15.55 15.60 4.17 India Jan 0.18 5.16 0.01 4.98 0.25 0.11 Feb 0.18 5.16 0.01 5.08 0.15 0.11 Major Importers 4/ Jan 1.34 16.39 38.20 54.18 0.48 1.27 Feb 1.31 16.39 38.20 54.18 0.48 1.24 European Union Jan 0.24 11.69 20.30 31.64 0.40 0.18 Feb 0.24 11.69 20.30 31.64 0.40 0.18 Southeast Asia 5/ Jan 0.94 3.18 16.05 19.18 0.08 0.91 Feb 0.94 3.18 16.05 19.18 0.08 0.91 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. February 2016 WASDE - 550 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.86 45.02 9.27 45.18 9.42 3.55 United States 0.75 9.13 0.08 8.58 0.85 0.53 Total Foreign 3.11 35.89 9.19 36.60 8.57 3.02 Major Exporters 3/ 0.86 16.41 0.34 10.40 6.23 0.97 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.35 Major Importers 4/ 1.42 14.22 4.59 18.70 0.21 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.15 0.41 1.41 1.74 0.11 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.55 48.99 10.06 47.98 11.01 3.62 United States 0.53 9.71 0.12 8.62 0.91 0.83 Total Foreign 3.02 39.29 9.94 39.36 10.09 2.79 Major Exporters 3/ 0.97 18.05 0.29 10.88 7.61 0.81 Argentina 0.24 7.69 0.02 2.60 5.09 0.25 Brazil 0.39 7.66 0.01 6.28 1.51 0.27 European Union 0.35 2.70 0.25 2.00 1.01 0.29 Major Importers 4/ 1.33 15.06 5.22 20.22 0.18 1.22 China 0.96 13.35 0.77 14.13 0.11 0.85 India 0.26 1.25 2.80 4.05 0.00 0.25 North Africa 5/ 0.12 0.47 1.65 2.04 0.07 0.13 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jan 3.60 51.46 10.94 50.57 11.80 3.63 Feb 3.62 51.58 11.06 50.74 11.87 3.64 United States Jan 0.83 9.95 0.12 8.89 1.04 0.96 Feb 0.83 9.91 0.14 8.89 1.04 0.94 Total Foreign Jan 2.78 41.51 10.82 41.68 10.75 2.68 Feb 2.79 41.67 10.92 41.85 10.83 2.71 Major Exporters 3/ Jan 0.81 18.64 0.18 10.81 8.07 0.75 Feb 0.81 18.78 0.18 10.87 8.15 0.75 Argentina Jan 0.25 8.15 0.02 2.44 5.68 0.30 Feb 0.25 8.29 0.02 2.50 5.76 0.30 Brazil Jan 0.27 7.68 0.01 6.37 1.39 0.21 Feb 0.27 7.68 0.01 6.37 1.39 0.21 European Union Jan 0.29 2.81 0.15 2.00 1.00 0.25 Feb 0.29 2.81 0.15 2.00 1.00 0.25 Major Importers 4/ Jan 1.22 16.10 6.03 21.93 0.21 1.22 Feb 1.22 16.10 6.13 22.03 0.21 1.22 China Jan 0.85 14.46 0.85 15.23 0.08 0.85 Feb 0.85 14.46 0.85 15.23 0.08 0.85 India Jan 0.25 1.15 3.55 4.70 0.00 0.25 Feb 0.25 1.15 3.65 4.80 0.00 0.25 North Africa 5/ Jan 0.13 0.50 1.63 2.00 0.13 0.12 Feb 0.13 0.50 1.63 2.00 0.13 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. February 2016 WASDE - 550 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,717 1,429 11,273 23,156 2,059 51.9 II 5,855 5,925 11,839 10,020 1,389 11,541 23,380 1,968 53.7 III 6,066 5,957 12,080 10,373 1,352 11,858 23,938 1,908 51.7 IV 6,105 6,456 12,620 9,932 1,458 11,521 24,141 1,961 51.2 Annual Jan Est. 23,700 24,488 48,420 40,085 5, 610 46,212 94,632 7,905 208.4 Feb Est. 23,690 24,499 48,422 40,042 5, 628 46,193 94,615 7,896 208.5 2016 I* 5,885 6,275 12,219 10,025 1,360 11,510 23,729 1,995 52.9 II* 6,115 5,935 12,107 10,200 1,475 11,815 23,922 2,020 54.0 III* 6,365 6,170 12,591 10,500 1,525 12,165 24,756 2,050 52.5 IV* 6,215 6,650 12,925 10,300 1,585 12,020 24,945 2,115 52.4 Annual Jan Proj. 24,605 24,960 49,794 40,950 6, 020 47,510 97,304 8,171 211.8 Feb Proj. 24,580 25,030 49,842 41,025 5, 945 47,510 97,352 8,180 211.9 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II 158.11 53.20 104.2 108.5 170.3 16.70 III 144.22 54.59 83.7 126.4 235.7 16.93 IV 127.71 44.66 77.2 130.1 174.1 17.70 Annual Jan Est. 148.12 50.23 90.5 116.2 181.8 17.08 Feb Est. 148.12 50.23 90.5 116.2 181.8 17.08 2016 I* 131-135 43-45 84-86 113-117 136-140 15.50-15.80 II* 135-143 50-54 83-89 112-118 126-134 14.60-15.20 III* 132-144 50-54 86-94 106-114 144-156 15.35-16.25 IV* 133-145 39-43 85-93 111-121 158-172 15.80-16.80 Annual Jan Proj. 132-142 46-49 85-91 110-118 141-151 15.35-16.15 Feb Proj. 133-142 46-49 85-90 110-118 141-150 15.30-16.00 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. February 2016 WASDE - 550 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1 2015 Est. Jan 591 23,765 3,372 27,728 2,263 690 24,775 54.0 Feb 591 23,755 3,370 27,716 2,266 685 24,765 53.9 2016 Proj. Jan 690 24,669 2,845 28,204 2,475 600 25,129 54.4 Feb 685 24,644 2,845 28,174 2,475 600 25,099 54.3 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4 2015 Est. Jan 560 24,506 1,106 26,172 4,946 625 20,601 49.7 Feb 560 24,517 1,111 26,188 4,941 589 20,658 49.9 2016 Proj. Jan 625 24,978 1,000 26,603 5,125 600 20,878 50.1 Feb 589 25,048 1,000 26,637 5,125 600 20,912 50.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7 2015 Est. Jan 1,191 48,513 4,685 54,389 7,214 1,357 45,817 104.9 Feb 1,191 48,515 4,695 54,401 7,212 1,321 45,868 105.0 2016 Proj. Jan 1,357 49,887 4,037 55,281 7,611 1,240 46,430 105.7 Feb 1,321 49,935 4,040 55,296 7,611 1,240 46,445 105.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3 2015 Est. Jan 680 39,656 126 40,463 6,326 850 33,287 89.0 Feb 680 39,614 130 40,424 6,319 833 33,272 88.9 2016 Proj. Jan 850 40,512 116 41,478 6,850 690 33,938 90.2 Feb 833 40,586 123 41,542 6,765 690 34,087 90.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 28 6,021 805 193 5,022 15.7 2015 Est. Jan 193 5,610 43 5,846 532 210 5,104 15.9 Feb 193 5,628 45 5,866 533 200 5,133 16.0 2016 Proj. Jan 210 6,020 38 6,268 690 250 5,328 16.5 Feb 200 5,945 43 6,188 690 250 5,248 16.2 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 147 45,473 8,216 877 36,380 100.3 2015 Est. Jan 877 45,783 171 46,830 7,003 1,071 38,757 106.0 Feb 877 45,764 177 46,818 6,997 1,041 38,780 106.1 2016 Proj. Jan 1,071 47,071 156 48,298 7,678 948 39,672 107.9 Feb 1,041 47,070 167 48,278 7,593 948 39,737 108.0 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,293 15,652 2,067 80,574 202.0 2015 Est. Jan 2,067 94,296 4,856 101,219 14,217 2,428 84,574 210.9 Feb 2,067 94,279 4,872 101,218 14,209 2,362 84,648 211.1 2016 Proj. Jan 2,428 96,958 4,193 103,579 15,289 2,188 86,102 213.6 Feb 2,362 97,005 4,207 103,574 15,204 2,188 86,182 213.8 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2016 WASDE - 550 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 26.0 31.1 Production 8,144.6 8,334.8 7,905.0 7,896.0 8,171.0 8,180.0 Imports 16.9 34.7 105.9 123.3 76.0 120.0 Total Supply 8,182.3 8,392.4 8,034.2 8,042.6 8,273.0 8,331.1 Use Exports 371.8 393.8 318.2 317.6 330.0 330.0 Hatching Use 964.8 980.7 993.1 995.3 1,005.0 1,015.0 Ending Stocks 23.0 23.3 26.0 31.1 24.0 26.0 Disappearance Total 6,822.6 6,994.6 6,696.9 6,698.6 6,914.0 6,960.1 Per Capita (number) 258.4 263.0 250.1 250.1 256.6 258.3 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Jan Feb Jan Feb Milk Billion Pounds Production 201.2 206.0 208.4 208.5 211.8 211.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.8 13.3 Marketings 200.3 205.1 207.4 207.5 210.8 210.9 Imports 3.7 4.3 5.8 5.7 5.9 5.9 Total Cml. Supply 216.2 220.6 224.5 224.4 229.6 230.1 Fat Basis Use Commercial Exports 12.4 12.4 8.7 8.8 8.6 8.3 Ending Commercial Stocks 11.2 11.2 12.8 13.3 12.0 12.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 192.6 196.9 203.0 202.4 209.0 209.6 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 14.0 13.8 Marketings 200.3 205.1 207.4 207.5 210.8 210.9 Imports 5.3 5.6 6.0 5.9 6.2 6.2 Total Cml. Supply 217.9 222.4 226.5 226.6 231.0 230.9 Skim-solid Basis Use Commercial Exports 38.6 39.1 37.3 37.3 37.7 37.0 Ending Commercial Stocks 11.7 13.1 14.0 13.8 14.0 14.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 167.7 170.2 175.2 175.4 179.3 179.8 Total Note: Totals may not add due to rounding. February 2016 WASDE - 550 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Est. 2015 Est. 2016 Proj. 2016 Proj. Jan Feb Jan Feb Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.6454 1.6454 1.545- 1.625 1.550- 1.620 Butter 1.5451 2.1361 2.0670 2.0670 1.890- 2.000 1.990- 2.090 Nonfat Dry Milk 1.7066 1.7682 0.9016 0.9016 0.865- 0.925 0.775- 0.835 Dry Whey 0.5902 0.6538 0.3804 0.3804 0.240- 0.270 0.230- 0.260 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 15.80 15.80 14.05- 14.85 14.05- 14.75 Class IV 19.05 22.09 14.35 14.35 13.35- 14.25 13.00- 13.80 All Milk 3/ 20.05 23.97 17.08 17.08 15.35- 16.15 15.30- 16.00 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. February 2016 WASDE - 550 - 35 Reliability of February Projections 1/ Note: Tables on pages 35-37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimat e by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The average difference betw een the February projection and the final estimate is 2.4 mill ion tons, ranging from 0 million to 7.3 million tons. The February projection has been below the estimate 26 times and above 8 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 0.6 1.0 2.4 0.0 7.3 26 8 U.S. 0.1 0.2 0.0 0.0 0.3 14 9 Forei gn 0.7 1.1 2.4 0.0 7.3 26 8 Exports Worl d 4.9 8.3 4.8 0.1 18.8 26 8 U.S. 4.0 6.7 1.0 0.0 3.0 18 16 Forei gn 5.9 10.1 4.6 0.5 18.4 29 5 Domestic Use Worl d 1.1 1.8 4.9 0.1 15.6 15 19 U.S. 3.8 6.5 0.9 0.0 2.4 12 21 Forei gn 1.1 1.8 4.7 0.1 15.1 18 16 Endin g Stocks Worl d 4.7 8.1 5.6 0.1 18.2 22 12 U.S. 8.7 14.7 1.3 0.0 4.5 22 12 Forei gn 5.3 9.0 4.9 0.3 17.0 21 13 COARSE GRAINS 2/ Production Worl d 1.2 2.0 9.5 0.0 26.0 28 6 U.S. 0.2 0.3 0.1 0.0 1.3 15 7 Forei gn 1.7 2.9 9.6 0.0 26.0 26 7 Exports Worl d 6.0 10.2 5.5 0.5 27.7 27 7 U.S. 10.3 17.5 3.8 0.1 12.2 16 18 Forei gn 9.7 16.5 5.1 0.1 23.4 25 9 Domestic Use Worl d 1.0 1.8 6.9 0.1 28.9 17 17 U.S. 3.0 5.2 4.0 0.2 17.3 13 21 Forei gn 1.2 2.0 6.6 0.5 22.2 22 12 Endin g Stocks Worl d 9.7 16.4 12.2 0.2 29.9 29 5 U.S. 14.4 24.4 5.2 0.0 18.5 19 15 Forei gn 12.0 20.3 9.6 0.8 28.2 29 5 RICE , milled Production Worl d 1.6 2.7 4.3 0.1 14.0 26 8 U.S. 1.6 2.6 0.1 0.0 0.3 12 6 Forei gn 1.6 2.8 4.3 0.1 14.0 26 8 Exports Worl d 8.7 14.8 1.4 0.0 5.2 27 7 U.S. 7.4 12.6 0.2 0.0 0.6 17 15 Forei gn 9.7 16.5 1.4 0.0 5.0 26 8 Domestic Use Worl d 1.3 2.1 3.2 0.2 12.8 22 12 U.S. 7.1 12.0 0.2 0.0 0.4 14 20 Forei gn 1.3 2.2 3.2 0.1 13.0 22 12 Endin g Stocks Worl d 8.3 14.1 3.7 0.2 13.9 27 7 U.S. 19.8 33.7 0.2 0.0 0.5 19 15 Forei gn 8.5 14.5 3.7 0.0 13.8 27 6 1/ Footnotes at end of table. CONTINUED February 2016 WASDE - 550 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.7 3.9 0.4 15.3 21 13 U.S. 1.4 2.3 0.6 0.0 2.5 15 13 Foreign 4.7 7.9 4.0 0.3 14.8 22 12 Exports World 6.4 10.8 2.7 0.1 12.0 22 12 U.S. 7.2 12.1 1.5 0.2 4.3 22 12 Foreign 16.2 27.6 2.4 0.0 11.6 16 18 Domestic Use World 2.3 3.9 3.1 0.0 10.9 19 15 U.S. 3.1 5.3 1.1 0.0 3.0 24 10 Foreign 2.8 4.7 2.7 0.0 12.5 19 15 Ending Stocks World 14.7 24.9 3.7 0.0 19.3 19 15 U.S. 36.2 61.4 1.8 0.1 5.3 10 24 Foreign 16.0 27.1 3.1 0.2 14.2 21 13 COTTON Million 480-Pound Bales Production World 2.3 3.9 1.7 0.0 5.4 25 9 U.S. 1.0 1.7 0.1 0.0 0.3 13 20 Foreign 2.8 4.8 1.7 0.1 5.7 25 9 Exports World 5.8 9.8 1.5 0.1 7.9 21 13 U.S. 10.3 17.4 0.6 0.0 2.1 19 14 Foreign 7.3 12.5 1.2 0.1 7.2 21 13 Domestic Use World 2.3 3.9 1.7 0.3 6.5 17 17 U.S. 4.6 7.8 0.2 0.0 0.9 22 11 Foreign 2.4 4.0 1.6 0.4 6.3 18 16 Ending Stocks World 9.7 16.4 3.3 0.0 8.9 22 11 U.S. 16.3 27.7 0.7 0.0 2.1 10 24 Foreign 10.6 18.0 3.2 0.1 9.3 23 11 1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. February 2016 WASDE - 550 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0 . 2 0 . 330 4 122 Exports 10.8 18.4 136 9 384 14 20 Domestic Use 3.0 5.0 139 7 474 15 19 Ending Stocks 16.4 27.8 206 8 838 21 13 SORGHUM Production 0 . 2 0 . 300402 Exports 15.4 26.2 27 0 97 22 10 Domestic Use 14.7 24.9 32 1 178 14 20 Ending Stocks 41.5 70.4 25 1 148 12 22 BARLEY Production 0.7 1.2 1 0 11 14 4 Exports 20.5 34.7 7 0 35 12 19 Domestic Use 6.0 10.1 15 0 70 15 17 Ending Stocks 12.0 20.4 13 0 52 22 11 OATS Production 0 . 3 0 . 600244 Exports 5 3 . 0 8 9 . 910368 Domestic Use 4 . 5 7 . 71 1 13 61 51 9 Ending Stocks 17.2 29.2 12 1 47 19 15 SOYBEAN MEAL Thousand Short Tons Production 3.0 5.1 830 35 2,340 26 8 Exports 9.5 16.0 590 50 2,250 26 8 Domestic Use 2.7 4.5 568 7 2,066 21 13 Ending Stocks 36.1 61.2 63 0 214 14 18 SOYBEAN OIL Million Pounds Production 2.9 5.0 390 7 1,173 24 10 Exports 22.4 38.0 275 25 1,025 19 15 Domestic Use 3.0 5.2 357 0 1,261 22 11 Ending Stocks 19.6 33.2 282 25 1,131 20 14 ANIMAL PROD. 3/ Million Pounds Beef 2.9 5.0 592 9 1,613 22 11 Pork 3.1 5.3 376 10 1,717 22 11 Broilers 1.7 2.8 360 16 1,011 21 12 Turkeys 2.9 5.0 123 2 465 18 15 Million Dozen Eggs 1.8 3.0 89 6 525 19 14 Billion Pounds Milk 1.4 2.3 1.6 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate pub lished by NASS for 1983-2014. WASDE-550-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-550 – February 9, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 583 Approved by the World Agricultural Outlook Board November 8, 2018 Note: This month’s China supply and demand estimates for corn, peanuts, rapeseed, rice, soybeans, and wheat incorporate historical revisions to area and production published by China’s National Bureau of Statistics (NBS). The revisions are based on the results of China’s Third National Agricultural Census. WHEAT: Supplies for the 2018/19 U.S. wheat crop are unchanged this month, and total use is raised 7 million bushels on higher seed use that reflects increased projected 2019/20 wheat planted area. Small offsetting by -class changes are made for wheat imports and exports. Food use is unchanged based on the latest NASS Flour Milling Products report, issued November 1. Projected ending stocks are lowered 7 million bus hels to 949 million. The season- average farm price is unchanged at the midpoint of $5.10 per bushel and the range is narrowed to $4.90 to $5.30. Global 2018/19 wheat supplies are raised 6.7 million tons on both increased production and beginning stocks. The vast majority of this change stems from the updated production data released by China ’s NBS, which made significant production changes from 2007/08 through 2017/18. In addition, China’ s 2018/19 production forecast is raised with both higher harvested area and yield, based on the NBS revisions. Total 2018/19 global production is raised 2.6 million tons, but is down 1.9 million tons excluding the China revision. Australia’ s crop is lowered 1.0 million tons to 17.5 million on continued drought. Morocco, Pakistan, and Ukraine are lowered 0.9, 0.8, and 0.5 million tons, respectively. A 0.9 -million- ton production increase for Algeria is partly offsetting. Global exports are lowered 1.6 million tons with almost all of that from Australia reflecting the smaller crop. Australia exports are lowered 1.5 million tons to 11.5 million, the lowest total since 2007/08. Global use is raised 0.2 million t ons, but includes a 1.0- million-ton increase for China reflecting higher feed and residual use and larger supplies. With supplies rising more than use, global ending stocks are raised 6.5 million tons to 266.7 million. However, stocks outside of China are down 0.9 million tons. COARSE GRAINS: This month’s 2018/19 U.S. corn outlook is for lower production, reduced feed and residual use and exports, and smaller ending stocks. Corn production is forecast at 14.626 billion bushels, down 152 million from last month on a reduced yield forecast. Feed and residual use is lowered 50 million bushels based on a smaller crop and higher prices. Exports are reduced 25 million bushels based on expectations of increased competition from Ukraine. With supply falling more than use, corn ending stocks are down 77 million bushels from last month. The season- average corn price received by producers is raised 10 cents to a midpoint of $3.60 per bushel. Production, domestic consumption, and ending stocks of corn for China are revised beginning with the 2007/08 marketing year. A detailed breakout of the corn balance sheet revisions is available via at the Foreign Agricultural Service PS&D website and the WASDE historical revisions web page. WASDE- 583-2 China’s NBS does not publish estimates of corn stocks or consumption. USDA’s estimates of corn stocks are based on official production estimates by NBS, trade data as reported by China Customs, and other related utilization data. For the time period encompassing the 2007/08 to 2017/18 marketing years, NBS increased corn total production by an unprecedented 266 million metric tons. USDA r aises estimates of domestic disappearance, resulting in higher stock levels that sum to an additional 149 million tons of endi ng stocks for the 2018/19 marketing year. Changes to feed and residual disappearance attempt to account for, among other factors, the expected impact of the variation in soybean meal equivalent protein consumption, corn prices, availability of other energy substitutes, and residual statistical error. Importantly, USDA’s estimates of China’s coarse grain imports do not change with this revision, and thus still reflect the reality that coarse grain imports, in addition to other energy substitutes, surged during a time period when the country was accumulating large stocks of corn. Global coarse grain production for 2018/19 is forecast 29.9 million tons higher to 1,373.3 million, with a greater corn production forecast for China accounting for a large portion of the increase. Aside from China, corn production is forecast higher for Ukraine, Argentina, Kenya, Moldova, and Russia. EU corn production is lowered, mostly reflecting reductions for Hungary, Poland, and Germany. Corn exports are raised for Ukraine, Argentina, and Moldova. Imports are raised for the EU, Vietnam, and Iran. Barley imports are raised for Saudi Arabia, with higher exports projected for Russia and Ukraine. Not including China, foreign corn ending stocks are higher than last mont h, mostly reflecting increases for Argentina, Iran, Paraguay, and Vietnam. RICE : This month’ s outlook for 2018/19 U.S. rice is for fractionally higher supplies, reduced exports, and higher ending stocks. The NASS November Crop Production report indicated 2018/19 rice production is lowered slightly from the previous forecast to 218.3 million cwt with California accounting for the entire reduction. The average all rice yield is reduced 17 pounds to 7,522 pounds per acre. Despite lower production, supplies still increased as imports are forecast up 1.0 million cwt to a record of 28.0 million on higher medium - and short -grain imports into Puerto Rico. The all rice export forecast is lowered 2.0 million cwt to 96.0 million with all of the reduction in long- grain on continued strong competition in Western Hemisphere markets from South American suppliers. All rice ending stocks are increased 2.5 million cwt to 46.7 million and are 59 percent higher than 2017/18. The projected 2018/19 all rice season- average farm price (SAFP) is raised this month $0.30 per cwt at the midpoint to a range of $11.50 to $12.50, as a higher projected medium - and short -grain SAFP more than offsets a lower long -grain SAFP. Global 2018/19 rice supplies are increased by 17.7 million tons to 651.4 million, mostly due to revisions for China. USDA incorporated China’ s NBS rice production revisions from 2007/08 through 2017/18, which consequently raised its supplies over this multi -year period. The cumulative increas es in Ch ina’s ending stocks result in the large upward adjustment in 2018/19 global supplies. Additionally, China’ s 2018/19 production forecast is raised on larger harvested area, reflecting the NBS revisions for prior years. Global consumption is fractionally lower at 488.4 million tons as reductions in Bangladesh, Afghanistan, and Pakistan are not completely offset by increases in other countries. World trade is lowered 0.6 million tons to 48.9 million on reduced exports for India, Argentina, and the United States. Global ending stocks are raised 17.8 million tons to a record 163.0 million with China now accounting for 69 percent of 2018/19 world stocks, compared to 66 percent last month. OILSEEDS: The U.S. soybean outlook is for lower production, reduced exports, and increased ending stocks. Soybean production is forecast at 4,600 million bushels, down 90 million on lower WASDE- 583-3 yields. The soybean yield is projected at 52.1 bushels per acre, down 1.0 bushel mainly on reductions for Iowa and Illinois. Soybean exports are reduced 160 million bushels to 1,900 million with lower imports projected for China. The forecast protein consumption growth rate for China is reduced, which is reflected in the limited number of U.S. export sales this fall. Although sales to China are minimal, strong sales to other markets are expected to continue, which is likely to result in a larger share of U.S. exports in the second half of the marketing year. With lower exports and slightly higher crush, soybean ending stocks are projected at 955 million bushels , up 70 million. The U.S. season- average soybean price range is forecast at $7.60 to $9.60 per bushel, unchanged at the midpoint. Soybean meal and soybean oil price forecasts are also unchanged at $290 to $330 per short ton and 28.0 to 32.0 cents per pound, respectively. The 2018/19 global oilseed outlook includes lower production, exports, and increased stocks compared to last month. Lower production of soybeans, cottonseed, peanuts, and rapeseed is partly offset with a higher forecast for sunflowerseed. Reduced global peanut and rapeseed production is largely driven by historical revisions issued by China’s NBS. Global soybean production is reduced 2.0 million tons with lower production for the United States and A rgentina partly offset by increases for China, India, and Ukraine. Global soybean exports are reduced 2.0 million tons to 155.4 million. Lower U.S. exports are partly offset by a 2- million- ton increase for Brazil and higher shipments out of Ukraine and Russia. With limited U.S. commitments to China so far this marketing year, China’ s soybean imports are lowered 4 million tons to 90 million. China’ s crush is also lowered, but protein meal consumption growth is expected to remain positive with support from available foreign exportable supplies. South America is expected to capture more of China’ s soybean market while the United States is likely to capture more market share in the rest of the world, particularly in the second half of the marketing year when those imports typically trend higher. Global oilseed stocks are up 2.4 million tons to 126.2 million mainly on higher stocks of soybeans and sunflowerseed. Global soybean stocks are up 2.0 million tons to 112.1 million, with higher stocks in Argentina, India, and the United States that are partly offset by lower stocks in China and Brazil. SUGAR : Changes to U.S. sugar supply and use for 2017/18 are made based on full year data from the Farm Service Agency ’s Sweetener Market Data and U.S. Census trade data. Sugar production is increased 44,294 short tons, raw value (S TRV) to 9.293 million based on stronger - than- expected production in the month of September for both beet sugar and Louisiana cane sugar. Imports are reduced by 38,139 STRV on lower -than- expected shipments from Mexico that are partially offset by an increase in high-tier tariff imports. Total deliveries are reduced by 69,569 STRV, reflecting decreases for human consumption, product re- exports, and non- human uses. U.S. beet sugar production for 2018/19 is reduced by 261,953 STRV to 4.974 million based on a 4.9- percent reduction in the NASS forecast of sugarbeet production in the November Crop Production Report . Louisiana cane sugar production is increased by 14,945 STRV to 1.841 million, based on a higher NASS forecast of sugarcane production partially offset by lower sucrose recovery forecast by processors. Deliveries for human consumption are reduced by 75,000 STRV to 12.175 million in line with the reduction for 2017/18. Ending stocks for 2018/19 are projected at 1.404 milli on STRV, implying an ending stocks -to-use ratio of 11.3 percent. Mexico sugar exports for 2017/18 are estimated at 1.099 million metric tons (MT), a reduction of 48,345 from last month. Exports are comprised of 1.047 million MT to the United States under export licenses and of combined exports of 51,985 MT to non- U.S. destinations and to the U.S. WASDE- 583-4 re-export import program. Deliveries for human consumption are reduced by 108,397 MT to 4.228 million reflecting full -year CONADESUCA reporting. Partially offsetting are deliveries to IMMEX totaling 481,594 MT for the year, an increase of 91,594. Ending stocks are estimated at 1.394 million MT of which 297,157 are required to be exported in 2018/19 before December 31 per provisions administered by the Fideicomiso Maestro para la Exportación de Excedentes de los Ingenios (FIMAE). Mexico sugar exports for 2018/19 are projected to decrease 53,201 MT reflecting lower inventories held under FIMAE provisions than reported last month by CONADESUCA. In line with 2017/18 changes, deliveries for human consumption for 2018/19 are decreased to 4.413 million MT and deliveries for IMMEX are increased to 480,000 MT. Ending stocks are residually projected at 1.613 million MT, implying a high stocks -to-consumption ratio of 36.3 percent. LIVESTOCK, POULTRY, AND DAIRY : The forecast for 2018 total red meat and poultry production is lowered from last month as lower beef, pork, and turkey production more than offsets higher broiler production. Beef production is reduced from the previous month on a slower expected marketing pace for fed cattle in the fourth quarter . The pork production forecast is reduced on lower expected fourth- quarter hog slaughter and lighter carcass weights. The broiler production forecast is raised as higher reported third- quarter slaughter more than offsets small declines in fourth -quarter production. The turkey production forecast is reduced on third - quarter slaughter data; no change is made to the outlying quarter. The 2018 egg production forecast is unchanged from last month. For 2019, the total red meat and poultry forecast is reduced from the previous month on lower expected beef, pork, and turkey production. Beef production is reduced on lower expected steer and heifer slaughter in the first half of 2019. Pork production is reduced on lower expected first - quarter hog slaughter and slightly lighter carcass weights. Turkey production is lowered as the sector continues to adjust to relatively weak prices . The 2019 egg and broiler production forecasts are unchanged from the previous month. Beef import forecasts for 2018 and 2019 are reduced from the previous month on decreased shipments of processing beef from Australia. Beef export forecasts for 2018 and 2019 are raised from the previous month on continued firm global demand for U.S. beef. The 2018 pork import and export forecasts are reduced fractionally on third- quarter trade data. The 2018 broiler import and export forecasts are raised on recent trade data. The 2018 turkey export forecast is reduced on slow global demand. No change is made to the 2019 turkey export forecast. Cattle and hog price forecasts are raised for 2018 and the first quarter of 2019. The 2018 broiler price forecast is raised from the previous month on current prices, but no change is made to the 2019 price forecast. The 2018 turkey price forecast is lowered from last month, but no change is made to 2019 forecast . The 2018 and 2019 egg price forecasts are unchanged from the previous month. The milk production forecasts for 2018 and 2019 are reduced from the previous month on lower cow numbers; however, stronger growth in milk per cow is expected to partially offset smaller dairy cow numbers. The 2018 fat basis import forecast is unchanged from the previous month, but is reduced for 2019 on lower imports of milk protein concentrates . Fat basis export forecasts for 2018 and 2019 are unchanged from last month. The skim -solids basis import forecasts for 2018 and 2019 are reduced primarily on lower expected imports of milk protein concentrates and casein. The 2018 and 2019 skim -solids basis export forecasts are unchanged. For 2018, the cheese and butter price forecasts are lowered from last month on recent price weakness, but the nonfat dry milk (NDM) price forecast is unchanged. The whey price forecast WASDE- 583-5 is raised from the previous month. For 2019, cheese and butter price forecasts are lowered from the previous month, but NDM and whey price forecasts are raised. The 2018 and 2019 Class III price forecasts are lowered from the last month on lower cheese prices. The 2018 and 2019 Class IV prices are reduced from last month on lower fore cast butter prices. The 2018 all milk price forecast is lowered to $16.20 to $16.30 per cwt and the 2019 all milk price is forecast lower at $16.70 to $17.60 per cwt. COTTON : This month’ s 2018/19 U.S. balance sheet shows lower production, consumption, exports , and ending stocks. Production is reduced 1.35 million bales due mainly to decreases in the Southeast, reflecting the impact of adverse weather. Domestic mill use is reduced 100,000 bales and exports are reduced 500,000 bales. Projected ending stocks in 2018/19 are 700,000 bales lower this month, at 4.3 million bales or 24 percent of use. The mark eting -year-average price received by producers is forecast between 71.0 and 77.0 cents per pound, with a midpoint of 74.0 cents , 1 cent above last mont h. This month’ s 2018/19 world supply and demand forecasts include lower beginning stocks, production, consumption, trade, and ending stocks. Historical revisions to Benin’ s exports resulted in a 375,000- bale decrease in 2018/19 beginning stocks there, ac counting for much of this month’ s 500,000- bale decline in global beginning stocks. Forecast global production is reduced 2.3 million bales as smaller expected crops in the United States, India, Pakistan, and Turkmenistan offset an increase in Benin. Consumption is reduced 875,000 bales, with smaller expected mill use in India, Pakistan, Turkey, Brazil, Indonesia, and the United States. Global ending stocks are 1.8 million bales lower this month, at 73 million bales or 57 percent of mill use. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : STEPHEN CENSKY SECRETARY O F AGRICULTURE DESIGNATE WASDE- 583-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E- mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm, FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E- mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E- mail: [email protected] Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shay le Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise , AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E- mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on Dec 11. In 2019, the WASDE report will be released on Jan 11, Feb 8, Mar 8, Apr 9, May 10, Jun 11, July 11, Aug 12, Sep 12, Oct 10, Nov 8, and Dec 10. WASDE- 583-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 November 2018 WASDE - 583 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 2660.45 3396.69 429.19 2602.20 794.49 2017/18 (Est.) 2614.47 3408.96 414.77 2599.45 809.51 filler filler filler filler filler 2018/19 (Proj.) Oct 2562.05 3210.06 429.43 2618.75 591.31 2018/19 (Proj.) Nov 2597.49 3407.00 428.84 2643.08 763.91 filler filler filler filler filler Wheat 2016/17 756.51 1000.86 183.35 739.83 261.04 2017/18 (Est.) 763.06 1024.09 181.25 745.09 279.00 filler filler filler filler filler 2018/19 (Proj.) Oct 730.92 1005.78 180.40 745.60 260.18 2018/19 (Proj.) Nov 733.51 1012.51 178.79 745.80 266.71 filler filler filler filler filler Coarse Grains 5/ 2016/17 1413.75 1763.27 198.59 1378.76 384.51 2017/18 (Est.) 1357.09 1741.60 185.70 1371.80 369.80 filler filler filler filler filler 2018/19 (Proj.) Oct 1343.37 1570.61 199.52 1384.68 185.93 2018/19 (Proj.) Nov 1373.28 1743.08 201.14 1408.90 334.18 filler filler filler filler filler Rice, milled 2016/17 490.19 632.56 47.25 483.62 148.95 2017/18 (Est.) 494.31 643.26 47.82 482.55 160.71 filler filler filler filler filler 2018/19 (Proj.) Oct 487.76 633.68 49.51 488.47 145.21 2018/19 (Proj.) Nov 490.70 651.41 48.91 488.39 163.02 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2016/17 472.56 556.09 96.71 363.62 95.76 2017/18 (Est.) 437.26 541.09 94.58 357.75 88.76 filler filler filler filler filler 2018/19 (Proj.) Oct 447.67 544.54 97.83 369.84 76.86 2018/19 (Proj.) Nov 443.33 540.28 95.86 369.57 74.85 filler filler filler filler filler Wheat 2016/17 62.83 92.60 28.60 31.86 32.13 2017/18 (Est.) 47.35 83.76 24.52 29.33 29.91 filler filler filler filler filler 2018/19 (Proj.) Oct 51.29 85.00 27.90 31.08 26.03 2018/19 (Proj.) Nov 51.29 85.00 27.90 31.27 25.84 filler filler filler filler filler Coarse Grains 5/ 2016/17 402.61 454.15 64.46 327.53 62.17 2017/18 (Est.) 384.26 449.36 67.30 324.14 57.92 filler filler filler filler filler 2018/19 (Proj.) Oct 389.44 450.80 66.82 334.54 49.43 2018/19 (Proj.) Nov 385.12 446.52 64.92 334.08 47.53 filler filler filler filler filler Rice, milled 2016/17 7.12 9.34 3.65 4.23 1.46 2017/18 (Est.) 5.66 7.98 2.76 4.28 0.93 filler filler filler filler filler 2018/19 (Proj.) Oct 6.95 8.74 3.11 4.22 1.40 2018/19 (Proj.) Nov 6.93 8.75 3.05 4.22 1.48 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2018 WASDE - 583 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2016/17 2,187.88 2,840.61 332.48 2,238.58 698.73 2017/18 (Est.) 2,177.21 2,867.86 320.19 2,241.70 720.75 filler filler filler filler filler 2018/19 (Proj.) Oct 2,114.38 2,665.53 331.60 2,248.91 514.45 2018/19 (Proj.) Nov 2,154.15 2,866.71 332.98 2,273.51 689.07 filler filler filler filler filler Wheat 2016/17 693.68 908.27 154.74 707.96 228.91 2017/18 (Est.) 715.71 940.33 156.72 715.76 249.09 filler filler filler filler filler 2018/19 (Proj.) Oct 679.64 920.77 152.50 714.52 234.15 2018/19 (Proj.) Nov 682.23 927.51 150.89 714.53 240.88 filler filler filler filler filler Coarse Grains 5/ 2016/17 1,011.14 1,309.11 134.13 1,051.23 322.34 2017/18 (Est.) 972.84 1,292.24 118.41 1,047.66 311.88 filler filler filler filler filler 2018/19 (Proj.) Oct 953.93 1,119.81 132.70 1,050.14 136.50 2018/19 (Proj.) Nov 988.16 1,296.55 136.23 1,074.81 286.65 filler filler filler filler filler Rice, milled 2016/17 483.07 623.23 43.61 479.39 147.48 2017/18 (Est.) 488.66 635.29 45.06 478.27 159.78 filler filler filler filler filler 2018/19 (Proj.) Oct 480.81 624.94 46.40 484.25 143.81 2018/19 (Proj.) Nov 483.77 642.65 45.86 484.16 161.54 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2016/17 106.66 196.99 37.90 116.17 80.40 2017/18 (Est.) 123.70 204.10 40.94 123.28 80.39 filler filler filler filler filler 2018/19 (Proj.) Oct 121.66 202.55 41.45 127.76 74.45 2018/19 (Proj.) Nov 119.39 199.78 41.13 126.88 72.61 filler filler filler filler filler United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.85 3.23 4.30 filler filler filler filler filler 2018/19 (Proj.) Oct 19.76 24.07 15.50 3.40 5.00 2018/19 (Proj.) Nov 18.41 22.71 15.00 3.30 4.30 filler filler filler filler filler Foreign 4/ 2016/17 89.49 176.01 22.99 112.92 77.65 2017/18 (Est.) 102.77 180.42 25.09 120.05 76.09 filler filler filler filler filler 2018/19 (Proj.) Oct 101.89 178.48 25.95 124.36 69.45 2018/19 (Proj.) Nov 100.98 177.06 26.13 123.58 68.31 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2018 WASDE - 583 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2016/17 572.50 666.90 170.47 467.29 111.25 2017/18 (Est.) 574.19 685.44 176.84 482.40 115.56 filler filler filler filler filler 2018/19 (Proj.) Oct 603.95 716.12 181.73 500.06 123.81 2018/19 (Proj.) Nov 599.57 715.13 179.51 497.85 126.20 filler filler filler filler filler Oilmeals 2016/17 319.58 336.51 88.18 316.82 16.31 2017/18 (Est.) 329.98 346.29 88.00 327.14 15.58 filler filler filler filler filler 2018/19 (Proj.) Oct 342.47 357.89 89.70 339.21 15.41 2018/19 (Proj.) Nov 341.06 356.64 90.14 337.34 15.64 filler filler filler filler filler Vegetable Oils 2016/17 188.34 209.56 81.28 183.17 20.00 2017/18 (Est.) 196.59 216.59 79.65 190.51 20.51 filler filler filler filler filler 2018/19 (Proj.) Oct 203.33 223.87 83.75 196.83 20.96 2018/19 (Proj.) Nov 202.69 223.20 83.91 196.30 20.96 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 126.93 135.31 60.08 56.26 9.60 2017/18 (Est.) 131.49 142.51 59.19 60.17 13.83 filler filler filler filler filler 2018/19 (Proj.) Oct 138.38 153.58 57.20 60.85 25.91 2018/19 (Proj.) Nov 135.45 150.64 52.85 61.05 27.66 filler filler filler filler filler Oilmeals 2016/17 43.11 47.31 10.83 36.08 0.41 2017/18 (Est.) 47.02 51.18 13.75 36.86 0.56 filler filler filler filler filler 2018/19 (Proj.) Oct 46.92 51.13 12.62 38.09 0.42 2018/19 (Proj.) Nov 47.07 51.42 12.84 38.12 0.46 filler filler filler filler filler Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 12.11 18.13 1.35 15.54 1.24 filler filler filler filler filler 2018/19 (Proj.) Oct 12.27 18.69 1.25 16.04 1.40 2018/19 (Proj.) Nov 12.32 18.52 1.25 15.96 1.31 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2016/17 445.57 531.59 110.39 411.03 101.65 2017/18 (Est.) 442.70 542.93 117.65 422.22 101.73 filler filler filler filler filler 2018/19 (Proj.) Oct 465.57 562.55 124.53 439.20 97.89 2018/19 (Proj.) Nov 464.13 564.49 126.66 436.80 98.54 filler filler filler filler filler Oilmeals 2016/17 276.47 289.20 77.36 280.74 15.90 2017/18 (Est.) 282.95 295.11 74.25 290.28 15.02 filler filler filler filler filler 2018/19 (Proj.) Oct 295.55 306.77 77.08 301.12 14.99 2018/19 (Proj.) Nov 293.99 305.22 77.30 299.22 15.17 filler filler filler filler filler Vegetable Oils 2016/17 176.91 192.19 79.86 168.45 18.77 2017/18 (Est.) 184.48 198.46 78.30 174.97 19.27 filler filler filler filler filler 2018/19 (Proj.) Oct 191.07 205.18 82.50 180.79 19.56 2018/19 (Proj.) Nov 190.37 204.69 82.67 180.34 19.66 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2018 WASDE - 583 - 11 U.S. Wheat Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Million Acres Area Planted 50.1 46.0 47.8 47.8 Area Harvested 43.9 37.5 39.6 39.6 Bushels Yield per Harvested Acre 52.7 46.3 47.6 47.6 Million Bushels Beginning Stocks 976 1,181 1,099 1,099 Production 2,309 1,740 1,884 1,884 Imports 118 157 140 140 Supply, Total 3,402 3,078 3,123 3,123 Food 949 964 970 970 Seed 61 63 62 69 Feed and Residual 161 50 110 110 Domestic, Total 1,171 1,078 1,142 1,149 Exports 1,051 901 1,025 1,025 Use, Total 2,222 1,979 2,167 2,174 Ending Stocks 1,181 1,099 956 949 Avg. Farm Price ($/bu) 2/ 3.89 4.72 4.80 - 5.40 4.90 - 5.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 384 292 258 55 1,740 Supply, Total 3/ 1,346 707 511 371 142 3,078 Domestic Use 394 288 216 90 90 1,078 Exports 371 228 91 193 18 901 Use, Total 765 516 306 284 107 1,979 Ending Stocks, Total 581 191 205 87 35 1,099 2018/19 (Proj.) Beginning Stocks 581 191 205 87 35 1,099 Production 662 587 286 272 77 1,884 Supply, Total 3/ 1,246 850 499 366 162 3,123 Domestic Use 460 295 210 96 88 1,149 Exports 360 295 120 220 30 1,025 Use, Total 820 590 330 316 118 2,174 Ending Stocks, Total Nov 426 260 169 50 44 949 Ending Stocks, Total Oct 424 261 170 57 44 956 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. November 2018 WASDE - 583 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Million Acres Area Planted 106.6 100.9 100.2 100.2 Area Harvested 96.5 90.5 89.7 89.7 Metric Tons Yield per Harvested Acre 4.17 4.24 4.34 4.29 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 57.9 Production 402.3 384.0 389.2 384.9 Imports 3.3 2.7 3.2 3.2 Supply, Total 453.6 448.9 450.4 446.0 Feed and Residual 144.6 138.4 145.3 144.8 Food, Seed & Industrial 182.4 185.3 188.8 188.8 Domestic, Total 327.0 323.7 334.1 333.6 Exports 64.5 67.3 66.8 64.9 Use, Total 391.5 391.0 400.9 398.5 Ending Stocks 62.1 57.9 49.4 47.5 CORN 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Million Acres Area Planted 94.0 90.2 89.1 89.1 Area Harvested 86.7 82.7 81.8 81.8 Bushels Yield per Harvested Acre 174.6 176.6 180.7 178.9 Million Bushels Beginning Stocks 1,737 2,293 2,140 2,140 Production 15,148 14,604 14,778 14,626 Imports 57 36 50 50 Supply, Total 16,942 16,934 16,968 16,816 Feed and Residual 5,470 5,298 5,550 5,500 Food, Seed & Industrial 2/ 6,885 7,058 7,130 7,130 Ethanol & by -products 3/ 5,432 5,605 5,650 5,650 Domestic, Total 12,355 12,355 12,680 12,630 Exports 2,294 2,438 2,475 2,450 Use, Total 14,649 14,793 15,155 15,080 Ending Stocks 2,293 2,140 1,813 1,736 Avg. Farm Price ($/bu) 4/ 3.36 3.36 3.00 - 4.00 3.20 - 4.00 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average pric e received by farmers. November 2018 WASDE - 583 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 6.7 5.6 5.8 5.8 Area Harvested (mil. acres) 6.2 5.0 5.1 5.1 Yield (bushels/acre) 77.9 72.1 75.0 71.4 Beginning Stocks 37 33 35 35 Production 480 364 382 364 Imports 2 2 0 0 Supply, Total 519 399 417 399 Feed and Residual 133 100 105 135 Food, Seed & Industrial 115 59 125 125 Total Domestic 247 159 230 260 Exports 238 205 150 100 Use, Total 485 364 380 360 Ending Stocks 33 35 37 39 Avg. Farm Price ($/bu) 2/ 2.79 3.22 2.80 - 3.80 3.00 - 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.5 2.5 2.5 Area Harvested (mil. acres) 2.6 2.0 2.0 2.0 Yield (bushels/acre) 77.9 72.6 77.4 77.4 Beginning Stocks 102 106 94 94 Production 200 142 153 153 Imports 10 9 15 15 Supply, Total 312 257 263 263 Feed and Residual 39 1 15 15 Food, Seed & Industrial 162 157 155 155 Total Domestic 201 158 170 170 Exports 4 5 5 5 Use, Total 205 163 175 175 Ending Stocks 106 94 88 88 Avg. Farm Price ($/bu) 2/ 4.96 4.47 4.15 - 5.15 4.15 - 5.15 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.8 2.6 2.7 2.7 Area Harvested (mil. acres) 1.0 0.8 0.9 0.9 Yield (bushels/acre) 66.0 61.7 64.9 64.9 Beginning Stocks 57 50 41 41 Production 65 49 56 56 Imports 90 89 95 95 Supply, Total 212 189 192 192 Feed and Residual 82 68 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 146 154 154 Exports 3 2 2 2 Use, Total 161 148 156 156 Ending Stocks 50 41 36 36 Avg. Farm Price ($/bu) 2/ 2.06 2.59 2.40 - 3.00 2.40 - 3.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. November 2018 WASDE - 583 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Million Acres Area Planted 3.15 2.46 2.94 2.94 Area Harvested 3.10 2.37 2.90 2.90 Fil ler Pounds Yield per Harvested Acre 7,237 7,507 7,539 7,522 Million Hundredweight Beginning Stocks 2/ 46.5 46.0 29.4 29.4 Production 224.1 178.2 218.8 218.3 Imports 23.5 26.9 27.0 28.0 Supply, Total 294.1 251.2 275.2 275.7 Domestic & Residual 3/ 133.2 134.8 133.0 133.0 Exports, Total 4/ 114.8 87.0 98.0 96.0 Rough 40.4 28.6 33.0 32.0 Milled (rough equiv.) 74.4 58.4 65.0 64.0 Use, Total 248.0 221.8 231.0 229.0 Ending Stocks 46.0 29.4 44.2 46.7 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 10.40 12.70 11.20 - 12.20 11.50 - 12.50 Total LONG -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6,927 7,314 Beginning Stocks 22.7 31.0 20.3 20.3 Production 166.5 127.9 159.0 158.6 Supply, Total 7/ 209.4 182.2 202.8 202.4 Domestic & Residual 3/ 101.8 98.6 103.0 103.0 Exports 8/ 76.6 63.3 69.0 67.0 Use, Total 178.4 161.9 172.0 170.0 Ending Stocks 31.0 20.3 30.8 32.4 Avg. Farm Price ($/cwt) 6/ 9.61 11.50 10.30 - 11.30 10.20 - 11.20 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8,311 8,048 Beginning Stocks 20.9 11.5 7.6 7.6 Production 57.7 50.4 59.8 59.7 Supply, Total 7/ 81.1 67.5 71.0 71.8 Domestic & Residual 3/ 31.4 36.2 30.0 30.0 Exports 8/ 38.2 23.7 29.0 29.0 Use, Total 69.6 59.9 59.0 59.0 Ending Stocks 11.5 7.6 12.0 12.8 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 16.20 14.20 - 15.20 15.60 - 16.60 California 10/ 14.10 18.70 15.80 - 16.80 17.30 - 18.30 Other States 1/ 10.10 11.70 10.60 - 11.60 11.60 - 12.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -3.5; 2017/18 -1.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and endin g stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farm ers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. November 2018 WASDE - 583 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 83.4 90.1 89.1 89.1 Area Harvested 82.7 89.5 88.3 88.3 Fil ler Bushels Yield per Harvested Acre 52.0 49.3 53.1 52.1 Million Bushels Beginning Stocks 197 302 438 438 Production 4,296 4,411 4,690 4,600 Imports 22 22 25 25 Supply, Total 4,515 4,734 5,153 5,063 Crushings 1,901 2,055 2,070 2,080 Exports 2,166 2,129 2,060 1,900 Seed 105 104 103 96 Residual 41 8 34 32 Use, Total 4,214 4,296 4,268 4,107 Ending Stocks 302 438 885 955 Avg. Farm Price ($/bu) 2/ 9.47 9.33 7.35 - 9.85 7.60 - 9.60 Total SOYBEAN OIL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,687 1,711 2,206 1,990 Production 4/ 22,123 23,767 23,910 24,025 Imports 319 335 300 300 Supply, Total 24,129 25,814 26,416 26,315 Domestic Disappearance 19,862 21,376 22,100 22,200 Biodiesel 3/ 6,200 7,150 7,800 7,800 Food, Feed & other Industrial 13,662 14,226 14,300 14,400 Exports 2,556 2,447 2,200 2,200 Use, Total 22,418 23,824 24,300 24,400 Ending stocks 1,711 1,990 2,116 1,915 Avg. Price (c/lb) 2/ 32.48 30.04 28.00 - 32.00 28.00 - 32.00 Total SOYBEAN MEAL 2016/17 2017/18 E st. 2018/19 Proj. 2018/19 Proj. October November Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 264 401 400 553 Production 4/ 44,787 49,216 48,950 49,147 Imports 350 495 350 350 Supply, Total 45,400 50,112 49,700 50,050 Domestic Disappearance 33,420 34,733 35,800 35,850 Exports 11,580 14,826 13,500 13,750 Use, Total 45,000 49,559 49,300 49,600 Ending Stocks 401 553 400 450 Avg. Price ($/s.t.) 2/ 316.88 345.02 290.00 - 330.00 290.00 - 330.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only bio diesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,079 mill ion bushels for 2017/18 and 2,080 million bushels for 2018/19. November 2018 WASDE - 583 - 16 U.S. Sugar Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 2,054 1,876 2,014 1,993 Production 2/ 8,969 9,293 9,262 9,015 Beet Sugar 5,103 5,279 5,236 4,974 Cane Sugar 3,866 4,014 4,026 4,041 Florida 2,055 1,983 2,050 2,050 Hawaii 43 0 0 0 Louisiana 1,628 1,862 1,826 1,841 Texas 140 169 150 150 Imports 3,244 3,277 2,801 2,801 TRQ 3/ 1,611 1,663 1,564 1,564 Other Program 4/ 419 326 350 350 Other 5/ 1,213 1,287 887 887 Mexico 1,201 1,223 842 842 Total Supply 14,267 14,445 14,077 13,809 Exports 95 170 85 85 Deliveries 12,258 12,185 12,405 12,320 Food 6/ 12,102 12,048 12,250 12,175 Other 7/ 156 137 155 145 Miscellaneous 38 97 0 0 Total Use 12,391 12,453 12,490 12,405 Ending Stocks 1,876 1,993 1,587 1,404 Stocks to Use Ratio 15.1 16.0 12.7 11.3 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2017/18 and 2018/19 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (280) and for 2018/19 (99). 4/ Composed of sugar under the re - export and polyhydric alcohol programs. 5/ Imports from Mexico; and high- tier tariff sugar and syrups not otherwise specified -- for 2017/18 (64) and 2018/19 (45). 6/ After 2014/15, SMD deliveries for domestic human food use and for miscellaneous uses reported separately. 7/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE -reported deliveries: 2016/17 -- 389; estimated 2017/18 -- 269; projected 2018/19 -- 346. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2017/18 Est. Oct 1,002 6,010 190 4,727 1,147 1,328 2017/18 Est. Nov 1,002 6,010 220 4,739 1,099 1,395 2018/19 Proj. Oct 1,328 6,025 115 4,952 1,081 1,435 2018/19 Proj. Nov 1,395 6,025 115 4,893 1,028 1,613 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct -Sep 2016/17 = 1,522, Estimated 2017/18 = 1,593; Projected 2018/19 = 1,593. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2017/18 (482 est); 2018/19 (480). Other Deliveries/Ending Year Statistical Adjustments: 2017/18 (29), 2018/19 (0). November 2018 WASDE - 583 - 17 U.S. Cotton Supply and Use 1/ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Oct Nov Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 10.07 12.61 14.04 14.04 Harvested 9.51 11.10 10.53 10.37 Fil ler Pounds Yield per Harvested Acre 867 905 901 852 Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.30 4.30 Production 17.17 20.92 19.76 18.41 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.98 23.68 24.07 22.71 Domestic Use 3.25 3.23 3.40 3.30 Exports, Total 14.92 15.85 15.50 15.00 Use, Total 18.17 19.07 18.90 18.30 Unaccounted 2/ 0.06 0.30 0.17 0.11 Ending Stocks 2.75 4.30 5.00 4.30 Avg. Farm Price 3/ 68.0 68.6 69.00 - 77.00 71.00 - 77.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. November 2018 WASDE - 583 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 244.36 756.51 179.00 147.57 739.83 183.35 261.04 United States 26.55 62.83 3.21 4.37 31.86 28.60 32.13 Total Foreign 217.80 693.68 175.79 143.20 707.96 154.74 228.91 Major Exporters 4/ 25.34 227.73 5.95 65.87 151.40 84.05 23.56 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.82 10.80 20.16 6.86 European Union 5/ 15.49 145.37 5.30 56.00 128.00 27.43 10.73 Major Importers 6/ 142.25 203.61 96.34 36.78 277.96 5.48 158.76 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.00 133.27 4.41 17.00 119.00 0.75 114.93 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.30 2.35 44.55 0.57 13.89 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.89 9.89 25.47 1.02 5.60 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.98 130.09 7.24 27.62 78.65 54.42 21.23 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 261.04 763.06 179.40 148.65 745.09 181.25 279.00 United States 32.13 47.35 4.28 1.36 29.33 24.52 29.91 Total Foreign 228.91 715.71 175.11 147.29 715.76 156.72 249.09 Major Exporters 4/ 23.56 221.05 6.43 66.31 152.78 71.24 27.01 Argentina 0.25 18.50 0.01 0.05 5.75 12.00 1.00 Australia 5.72 21.30 0.15 4.00 7.48 14.00 5.70 Canada 6.86 29.98 0.45 4.26 9.16 21.95 6.18 European Union 5/ 10.73 151.26 5.82 58.00 130.40 23.29 14.13 Major Importers 6/ 158.76 207.31 93.73 36.45 281.67 6.50 171.62 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 4.00 17.50 121.00 1.00 131.26 Sel. Mideast 7/ 15.65 18.33 18.27 5.11 38.86 0.78 12.61 N. Africa 8/ 13.89 19.25 27.45 2.25 45.13 0.83 14.63 Pakistan 4.35 26.67 0.00 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.60 0.00 25.87 8.94 25.39 1.04 5.03 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.23 142.35 8.22 31.71 82.81 69.12 19.86 Russia 10.83 84.99 0.47 21.00 44.00 41.42 10.87 Kazakhstan 3.36 14.80 0.10 2.10 6.90 9.00 2.37 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 274.85 730.92 177.78 140.26 745.60 180.40 260.18 Nov 279.00 733.51 175.81 140.96 745.80 178.79 266.71 United States Oct 29.91 51.29 3.81 2.99 31.08 27.90 26.03 Nov 29.91 51.29 3.81 2.99 31.27 27.90 25.84 Total Foreign Oct 244.95 679.64 173.97 137.27 714.52 152.50 234.15 Nov 249.09 682.23 172.00 137.97 714.53 150.89 240.88 Major Exporters 4/ Oct 27.13 207.00 6.61 61.30 147.50 74.20 19.04 Nov 27.01 206.10 7.11 62.10 148.30 72.70 19.22 Argentina Oct 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Nov 1.00 19.50 0.01 0.10 5.80 14.20 0.51 Australia Oct 5.40 18.50 0.15 4.20 7.70 13.00 3.35 Nov 5.70 17.50 0.15 5.00 8.50 11.50 3.35 Canada Oct 6.18 31.50 0.45 4.00 9.00 24.00 5.13 Nov 6.18 31.50 0.45 4.00 9.00 24.00 5.13 European Union 5/ Oct 14.55 137.50 6.00 53.00 125.00 23.00 10.05 Nov 14.13 137.60 6.50 53.00 125.00 23.00 10.23 Major Importers 6/ Oct 167.14 202.73 93.21 35.28 284.66 6.76 171.65 Nov 171.62 206.61 91.41 35.68 284.76 6.55 178.33 Brazil Oct 1.27 4.70 7.50 0.50 12.10 0.30 1.07 Nov 1.31 4.80 7.50 0.50 12.10 0.30 1.21 China Oct 126.82 128.00 4.50 17.00 122.00 1.20 136.12 Nov 131.26 132.50 4.00 18.00 123.00 1.20 143.57 Sel. Mideast 7/ Oct 12.61 18.86 17.80 4.81 39.09 1.04 9.14 Nov 12.61 18.86 17.80 4.81 39.09 1.04 9.14 N. Africa 8/ Oct 14.63 21.10 25.90 2.25 45.90 0.69 15.05 Nov 14.63 21.18 25.70 2.25 45.90 0.69 14.93 Pakistan Oct 4.83 26.30 0.01 1.20 25.30 1.20 4.63 Nov 4.83 25.50 0.01 1.20 25.30 1.00 4.03 Southeast Asia 9/ Oct 5.03 0.00 26.10 8.54 26.04 1.07 4.02 Nov 5.03 0.00 25.00 7.94 25.14 1.06 3.83 Selected Other India Oct 13.20 99.70 0.20 5.00 98.00 0.50 14.60 Nov 13.20 99.70 0.20 5.00 98.00 0.50 14.60 FSU-12 Oct 20.23 125.04 8.26 28.26 79.14 61.03 13.36 Nov 19.86 124.48 8.16 27.76 78.44 61.03 13.04 Russia Oct 10.87 70.00 0.50 18.00 40.50 35.00 5.87 Nov 10.87 70.00 0.50 18.00 40.50 35.00 5.87 Kazakhstan Oct 2.83 15.00 0.06 2.20 7.00 8.50 2.39 Nov 2.37 15.00 0.06 2.20 7.00 8.50 1.93 Ukraine Oct 1.24 25.50 0.03 2.90 9.20 16.50 1.06 Nov 1.24 25.00 0.03 2.40 8.70 16.50 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 349.52 1,413.75 172.57 823.03 1,378.76 198.59 384.51 United States 48.11 402.61 3.43 144.74 327.53 64.46 62.17 Total Foreign 301.41 1,011.14 169.14 678.30 1,051.23 134.13 322.34 Major Exporters 4/ 18.07 212.15 2.45 90.23 121.44 77.86 33.37 Argentina 3.27 48.57 0.01 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 9.99 2.68 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.79 14.26 21.97 4.85 5.56 Major Importers 5/ 45.26 241.04 120.75 275.11 357.93 11.05 38.06 European Union 6/ 15.74 152.83 15.56 119.87 160.84 8.09 15.20 Japan 1.76 0.18 17.00 13.26 17.25 0.00 1.69 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.49 24.90 34.17 54.69 62.49 0.16 6.92 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.37 29.35 13.68 34.97 42.94 1.27 3.19 South Korea 1.95 0.20 9.31 7.07 9.64 0.00 1.81 Selected Other China 213.33 270.93 16.06 196.90 275.95 0.11 224.25 FSU-12 6.32 92.74 0.76 41.04 56.36 36.53 6.92 Russia 1.67 40.77 0.28 22.48 32.08 8.57 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 384.51 1,357.09 187.43 833.46 1,371.80 185.70 369.80 United States 62.17 384.26 2.94 138.48 324.14 67.30 57.92 Total Foreign 322.34 972.84 184.49 694.98 1,047.66 118.41 311.88 Major Exporters 4/ 33.37 176.26 3.51 93.59 125.80 63.97 23.37 Argentina 6.70 39.32 0.01 10.88 16.41 26.11 3.51 Australia 2.68 11.91 0.00 3.29 5.16 7.77 1.67 Brazil 14.49 84.79 1.60 57.51 68.01 22.01 10.86 Canada 5.56 26.24 1.77 15.45 23.28 5.78 4.51 Major Importers 5/ 38.06 245.16 133.32 283.87 367.70 10.32 38.51 European Union 6/ 15.20 152.49 18.93 121.15 162.67 7.87 16.09 Japan 1.69 0.19 17.58 13.75 17.75 0.00 1.71 Mexico 6.01 33.07 16.45 29.20 48.21 1.30 6.02 N. Afr & Mideast 7/ 6.92 29.41 39.17 59.61 67.52 0.16 7.81 Saudi Arabia 2.56 0.36 12.10 12.34 12.90 0.00 2.12 Southeast Asia 8/ 3.19 29.37 14.67 35.87 43.96 1.00 2.27 South Korea 1.81 0.20 10.20 7.81 10.33 0.00 1.88 Selected Other China 224.25 266.57 16.54 199.22 284.08 0.06 223.22 FSU-12 6.92 88.79 0.76 39.12 54.18 36.47 5.82 Russia 2.07 41.71 0.14 21.57 31.02 11.47 1.44 Ukraine 3.00 34.07 0.05 8.02 11.40 23.00 2.72 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 227.24 1,343.37 190.87 831.96 1,384.68 199.52 185.93 Nov 369.80 1,373.28 192.47 851.04 1,408.90 201.14 334.18 United States Oct 57.92 389.44 3.44 145.39 334.54 66.82 49.43 Nov 57.92 385.12 3.49 144.93 334.08 64.92 47.53 Total Foreign Oct 169.32 953.93 187.44 686.57 1,050.14 132.70 136.50 Nov 311.88 988.16 188.98 706.12 1,074.82 136.23 286.65 Major Exporters 4/ Oct 23.36 198.46 2.27 94.37 127.28 74.47 22.34 Nov 23.37 199.49 2.27 94.39 127.30 75.37 22.46 Argentina Oct 3.51 48.85 0.01 11.39 16.95 30.31 5.11 Nov 3.51 50.35 0.01 11.39 16.95 31.31 5.61 Australia Oct 1.66 11.30 0.00 2.44 4.29 7.67 1.01 Nov 1.67 11.10 0.00 2.44 4.29 7.57 0.91 Brazil Oct 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Nov 10.86 97.49 1.55 58.59 70.04 29.02 10.84 Canada Oct 4.51 27.23 0.61 15.28 22.74 5.57 4.04 Nov 4.51 26.95 0.61 15.30 22.76 5.57 3.74 Major Importers 5/ Oct 38.71 241.01 136.13 290.90 374.35 9.71 31.78 Nov 38.51 239.93 137.84 290.61 374.06 9.71 32.50 European Union 6/ Oct 16.53 148.43 20.86 124.35 165.32 7.25 13.24 Nov 16.09 146.69 22.36 124.10 165.07 7.25 12.82 Japan Oct 1.64 0.18 16.77 13.22 17.21 0.00 1.38 Nov 1.71 0.18 16.77 13.22 17.21 0.00 1.45 Mexico Oct 6.02 31.69 18.31 31.62 50.84 1.50 3.68 Nov 6.02 31.49 17.31 30.62 49.84 1.50 3.48 N. Afr & Mideast 7/ Oct 7.87 30.80 37.44 60.36 68.33 0.20 7.58 Nov 7.81 31.66 37.75 60.72 68.69 0.20 8.33 Saudi Arabia Oct 1.82 0.34 12.61 12.95 13.48 0.00 1.30 Nov 2.12 0.34 13.01 13.25 13.78 0.00 1.70 Southeast Asia 8/ Oct 2.32 29.29 15.66 36.16 44.21 0.77 2.29 Nov 2.27 29.29 16.16 36.46 44.51 0.77 2.44 South Korea Oct 1.92 0.20 10.39 8.11 10.62 0.00 1.89 Nov 1.88 0.20 10.39 8.11 10.62 0.00 1.86 Selected Other China Oct 80.27 232.81 16.90 184.45 270.53 0.07 59.38 Nov 223.22 263.81 16.90 204.45 295.53 0.07 208.33 FSU-12 Oct 5.83 88.56 0.68 36.20 50.57 39.63 4.87 Nov 5.82 91.40 0.79 36.37 50.74 42.26 5.01 Russia Oct 1.44 34.48 0.18 18.68 27.63 7.54 0.93 Nov 1.44 34.73 0.18 18.68 27.63 7.74 0.98 Ukraine Oct 2.72 39.70 0.04 7.50 10.69 29.46 2.30 Nov 2.72 42.20 0.04 7.70 10.89 31.66 2.40 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 311.42 1,122.45 135.53 655.95 1,083.60 160.05 350.27 United States 44.12 384.78 1.45 138.94 313.83 58.27 58.25 Total Foreign 267.30 737.67 134.08 517.01 769.78 101.78 292.02 Major Exporters 4/ 9.31 157.05 0.87 65.96 84.36 59.88 22.99 Argentina 1.45 41.00 0.01 7.50 11.20 25.99 5.27 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.00 7.46 12.66 2.29 3.70 Major Importers 5/ 22.67 124.90 80.35 147.78 201.04 5.00 21.88 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.93 61.88 14.97 55.00 74.00 2.19 7.60 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.36 29.30 13.48 34.90 42.70 1.26 3.18 South Korea 1.94 0.08 9.22 7.03 9.44 0.00 1.80 Selected Other 0.00 Canada 2.45 13.89 0.71 7.50 12.95 1.52 2.57 China 212.02 263.61 2.46 185.00 255.00 0.08 223.02 FSU-12 2.60 47.79 0.35 17.67 20.51 27.16 3.07 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 350.27 1,076.23 149.25 669.93 1,085.58 146.80 340.92 United States 58.25 370.96 0.92 134.57 313.83 61.94 54.37 Total Foreign 292.02 705.27 148.33 535.36 771.75 84.87 286.55 Major Exporters 4/ 22.99 127.53 1.01 69.40 88.70 47.30 15.52 Argentina 5.27 32.00 0.01 8.00 11.90 23.00 2.38 Brazil 14.02 82.00 1.00 55.00 64.50 22.00 10.52 South Africa 3.70 13.53 0.00 6.40 12.30 2.30 2.62 Major Importers 5/ 21.88 125.42 87.72 154.30 208.15 4.00 22.87 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.60 62.10 18.00 57.00 76.50 1.70 9.50 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.42 27.45 16.20 24.30 42.30 1.30 5.47 Southeast Asia 7/ 3.18 29.32 14.35 35.80 43.60 0.99 2.26 South Korea 1.80 0.07 10.01 7.70 10.00 0.00 1.88 Selected Other 0.00 Canada 2.57 14.10 1.70 8.40 14.07 1.94 2.37 China 223.02 259.07 3.47 187.00 263.00 0.02 222.54 FSU-12 3.07 42.07 0.46 15.94 18.64 24.46 2.50 Ukraine 1.55 24.12 0.05 4.50 5.80 18.50 1.41 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Oct 198.21 1,068.31 154.83 676.92 1,107.17 162.97 159.35 Nov 340.92 1,098.95 157.16 696.67 1,132.36 165.64 307.51 United States Oct 54.37 375.37 1.27 140.98 322.09 62.87 46.06 Nov 54.37 371.52 1.27 139.71 320.82 62.23 44.10 Total Foreign Oct 143.84 692.93 153.56 535.94 785.08 100.10 113.29 Nov 286.55 727.44 155.89 556.96 811.54 103.41 263.41 Major Exporters 4/ Oct 15.52 148.50 1.01 71.10 91.50 57.90 15.62 Nov 15.52 150.00 1.01 71.10 91.50 58.90 16.12 Argentina Oct 2.38 41.00 0.01 8.50 12.40 27.00 3.98 Nov 2.38 42.50 0.01 8.50 12.40 28.00 4.48 Brazil Oct 10.52 94.50 1.00 56.00 66.50 29.00 10.52 Nov 10.52 94.50 1.00 56.00 66.50 29.00 10.52 South Africa Oct 2.62 13.00 0.00 6.60 12.60 1.90 1.12 Nov 2.62 13.00 0.00 6.60 12.60 1.90 1.12 Major Importers 5/ Oct 22.89 123.19 90.60 162.50 216.15 3.77 16.76 Nov 22.87 121.69 92.60 162.80 216.45 3.77 16.94 Egypt Oct 1.78 6.80 9.70 13.70 16.20 0.01 2.07 Nov 1.78 6.80 9.70 13.70 16.20 0.01 2.07 European Union 6/ Oct 9.51 61.00 19.50 63.50 82.50 1.50 6.01 Nov 9.50 59.50 21.00 63.50 82.50 1.50 6.00 Japan Oct 1.32 0.00 15.00 11.60 15.20 0.00 1.12 Nov 1.39 0.00 15.00 11.60 15.20 0.00 1.20 Mexico Oct 5.47 26.00 16.70 25.50 43.70 1.50 2.97 Nov 5.47 26.00 16.70 25.50 43.70 1.50 2.97 Southeast Asia 7/ Oct 2.31 29.24 15.50 36.10 44.00 0.76 2.28 Nov 2.26 29.24 16.00 36.40 44.30 0.76 2.43 South Korea Oct 1.91 0.08 10.20 8.00 10.30 0.00 1.88 Nov 1.88 0.08 10.20 8.00 10.30 0.00 1.85 Selected Other Canada Oct 2.37 14.50 0.50 8.30 13.70 1.60 2.07 Nov 2.37 14.50 0.50 8.30 13.70 1.60 2.07 China Oct 79.55 225.00 5.00 174.00 251.00 0.05 58.50 Nov 222.54 256.00 5.00 194.00 276.00 0.05 207.49 FSU-12 Oct 2.50 46.76 0.35 16.20 18.90 28.45 2.26 Nov 2.50 49.80 0.45 16.89 19.59 30.75 2.41 Ukraine Oct 1.41 31.00 0.03 4.90 6.20 25.00 1.23 Nov 1.41 33.50 0.03 5.30 6.60 27.00 1.33 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2018 WASDE - 583 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 142.37 490.19 41.29 483.62 47.25 148.95 United States 1.48 7.12 0.75 4.23 3.65 1.46 Total Foreign 140.90 483.07 40.54 479.39 43.61 147.48 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.04 65.91 11.90 77.41 1.22 9.23 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 European Union 6/ 1.18 2.09 1.84 3.60 0.32 1.19 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.12 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.54 1.72 1.77 3.36 0.04 0.63 China 88.00 147.77 5.30 141.76 0.81 98.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.93 0.71 8.73 0.05 2.41 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.65 0.00 1.78 2017/18 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 148.95 494.31 47.87 482.55 47.82 160.71 United States 1.46 5.66 0.85 4.28 2.76 0.93 Total Foreign 147.48 488.66 47.01 478.27 45.06 159.78 Major Exporters 4/ 27.12 169.20 0.65 134.83 34.20 27.94 India 20.55 112.91 0.00 98.66 12.20 22.60 Pakistan 1.37 7.45 0.00 3.20 4.30 1.32 Thailand 4.24 20.37 0.25 11.17 10.70 2.99 Vietnam 0.97 28.47 0.40 21.80 7.00 1.04 Major Importers 5/ 9.23 66.53 14.12 78.57 1.33 9.97 Brazil 0.48 8.21 0.68 8.03 0.90 0.43 European Union 6/ 1.19 2.00 2.00 3.70 0.35 1.14 Indonesia 2.92 37.00 2.10 38.10 0.00 3.91 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.88 1.93 3.70 5.75 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 10.10 3.00 0.66 C. Amer & Carib 8/ 0.63 1.72 1.66 3.36 0.04 0.62 China 98.50 148.87 5.50 142.49 1.39 109.00 Egypt 1.43 4.30 0.08 4.20 0.05 1.55 Japan 2.41 7.79 0.69 8.66 0.06 2.17 Mexico 0.17 0.18 0.85 0.92 0.10 0.19 South Korea 1.78 3.97 0.40 4.88 0.06 1.21 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2018 WASDE - 583 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2018/19 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Oct 145.92 487.76 46.74 488.47 49.51 145.21 Nov 160.71 490.70 46.32 488.39 48.91 163.02 United States Oct 0.93 6.95 0.86 4.22 3.11 1.40 Nov 0.93 6.93 0.89 4.22 3.05 1.48 Total Foreign Oct 144.99 480.81 45.88 484.25 46.40 143.81 Nov 159.78 483.77 45.44 484.16 45.86 161.54 Major Exporters 4/ Oct 27.59 168.67 0.65 135.60 35.25 26.06 Nov 27.94 168.67 0.65 135.55 34.75 26.96 India Oct 22.00 111.00 0.00 100.00 13.00 20.00 Nov 22.60 111.00 0.00 100.00 12.50 21.10 Pakistan Oct 1.37 7.40 0.00 3.30 4.25 1.22 Nov 1.32 7.40 0.00 3.25 4.25 1.22 Thailand Oct 3.19 21.20 0.25 10.20 11.00 3.44 Nov 2.99 21.20 0.25 10.20 11.00 3.24 Vietnam Oct 1.04 29.07 0.40 22.10 7.00 1.41 Nov 1.04 29.07 0.40 22.10 7.00 1.41 Major Importers 5/ Oct 9.99 66.59 14.45 79.30 1.29 10.44 Nov 9.97 66.55 14.50 79.40 1.29 10.33 Brazil Oct 0.43 8.16 0.65 8.03 0.85 0.37 Nov 0.43 8.16 0.65 8.03 0.85 0.37 European Union 6/ Oct 1.16 2.00 2.00 3.75 0.35 1.06 Nov 1.14 1.96 2.05 3.75 0.35 1.06 Indonesia Oct 3.91 37.30 1.20 38.20 0.00 4.21 Nov 3.91 37.30 1.20 38.30 0.00 4.11 Nigeria Oct 0.94 3.78 3.00 6.90 0.00 0.82 Nov 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Oct 2.29 12.15 1.80 13.50 0.00 2.74 Nov 2.29 12.15 1.80 13.50 0.00 2.74 Sel. Mideast 7/ Oct 0.76 1.74 4.00 5.78 0.00 0.72 Nov 0.76 1.74 4.00 5.78 0.00 0.72 Selected Other Burma Oct 0.66 13.12 0.01 10.10 3.00 0.69 Nov 0.66 13.12 0.01 10.10 3.00 0.69 C. Amer & Carib 8/ Oct 0.64 1.75 1.92 3.59 0.03 0.69 Nov 0.62 1.75 1.91 3.56 0.03 0.68 China Oct 94.50 140.80 5.00 142.50 1.80 96.00 Nov 109.00 143.58 5.00 142.78 1.80 113.00 Egypt Oct 1.55 2.80 0.40 4.10 0.02 0.63 Nov 1.55 2.80 0.40 4.10 0.02 0.63 Japan Oct 2.17 7.70 0.69 8.60 0.07 1.88 Nov 2.17 7.70 0.69 8.60 0.07 1.88 Mexico Oct 0.19 0.18 0.88 0.94 0.09 0.22 Nov 0.19 0.18 0.88 0.94 0.09 0.22 South Korea Oct 1.23 3.73 0.41 4.48 0.05 0.84 Nov 1.21 3.88 0.41 4.67 0.05 0.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. November 2018 WASDE - 583 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2016/17 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 90.33 106.66 37.70 116.17 37.90 0.21 80.40 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 86.53 89.49 37.69 112.92 22.99 0.15 77.65 Major Exporters 4/ 19.55 50.72 3.63 32.27 19.78 0.01 21.86 Central Asia 5/ 2.35 5.99 3/ 2.83 3.32 0.00 2.18 Afr. Fr. Zone 6/ 1.16 5.12 3/ 0.14 4.60 0.01 1.53 S. Hemis 7/ 8.76 12.25 0.37 4.29 7.04 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 7.04 27.00 2.74 24.35 4.55 0.00 7.88 Major Importers 8/ 65.27 35.86 31.91 76.71 2.03 0.14 54.17 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 56.70 22.75 5.03 38.50 0.06 0.00 45.92 European Union 9/ 0.26 1.31 0.69 0.71 1.33 0.05 0.18 Turkey 1.53 3.20 3.68 6.55 0.33 0.00 1.53 Pakistan 2.62 7.70 2.45 10.30 0.13 0.03 2.32 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 80.40 123.70 40.98 123.28 40.94 0.47 80.39 United States 2.75 20.92 3/ 3.23 15.85 0.30 4.30 Total Foreign 77.65 102.77 40.98 120.05 25.09 0.17 76.09 Major Exporters 4/ 21.86 56.88 2.47 33.42 21.68 0.02 26.10 Central Asia 5/ 2.18 6.51 3/ 3.49 2.54 0.00 2.66 Afr. Fr. Zone 6/ 1.53 5.49 3/ 0.14 5.09 0.00 1.80 S. Hemis 7/ 10.06 15.42 0.25 4.45 8.55 0.01 12.72 Australia 2.19 4.70 3/ 0.04 3.92 0.00 2.94 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.70 5.18 0.00 8.68 Major Importers 8/ 54.17 42.95 35.86 82.58 2.34 0.15 47.91 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.73 41.00 0.13 0.00 38.02 European Union 9/ 0.18 1.54 0.73 0.76 1.37 0.06 0.27 Turkey 1.53 4.00 4.02 7.35 0.33 0.00 1.88 Pakistan 2.32 8.20 3.30 10.80 0.16 0.03 2.83 Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand 0.20 3/ 1.15 1.15 0.00 0.03 0.18 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cot e d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includ es intra -EU trade. November 2018 WASDE - 583 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2018/19 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Oct 80.89 121.66 41.44 127.76 41.45 0.33 74.45 Nov 80.39 119.39 41.11 126.88 41.13 0.27 72.61 United States Oct 4.30 19.76 0.01 3.40 15.50 0.17 5.00 Nov 4.30 18.41 0.01 3.30 15.00 0.11 4.30 Total Foreign Oct 76.59 101.89 41.43 124.36 25.95 0.16 69.45 Nov 76.09 100.98 41.11 123.58 26.13 0.16 68.31 filler filler filler filler filler filler filler Major Exporters 4/ Oct 26.61 54.86 2.22 34.70 21.77 0.02 27.21 Nov 26.10 54.44 2.22 34.45 21.97 0.02 26.31 Central Asia 5/ Oct 2.72 5.85 3/ 3.71 2.39 0.00 2.48 Nov 2.66 5.67 3/ 3.76 2.11 0.00 2.46 Afr. Fr. Zone 6/ Oct 2.25 5.28 3/ 0.14 4.97 0.00 2.42 Nov 1.80 5.73 3/ 0.14 5.35 0.00 2.05 S. Hemis 7/ Oct 12.71 14.46 0.22 4.67 9.66 0.01 13.05 Nov 12.72 14.46 0.22 4.57 9.86 0.01 12.95 Australia Oct 2.94 2.50 3/ 0.04 3.60 0.00 1.81 Nov 2.94 2.50 3/ 0.04 3.70 0.00 1.71 Brazil Oct 8.66 10.00 0.08 3.60 5.40 0.00 9.73 Nov 8.66 10.00 0.08 3.50 5.50 0.00 9.73 India Oct 8.68 28.70 1.50 25.50 4.40 0.00 8.98 Nov 8.68 28.00 1.50 25.30 4.30 0.00 8.58 filler filler filler filler filler filler filler Major Importers 8/ Oct 47.89 44.02 36.72 85.56 2.86 0.14 40.07 Nov 47.91 43.53 36.40 85.04 2.84 0.14 39.82 Mexico Oct 0.66 1.73 0.90 1.90 0.60 0.03 0.76 Nov 0.66 1.73 0.90 1.90 0.60 0.03 0.76 China Oct 38.02 27.50 7.00 42.50 0.15 0.00 29.87 Nov 38.02 27.50 7.00 42.50 0.15 0.00 29.87 European Union 9/ Oct 0.26 1.66 0.71 0.75 1.53 0.05 0.29 Nov 0.27 1.66 0.71 0.75 1.53 0.05 0.32 Turkey Oct 1.88 4.50 3.10 7.30 0.40 0.00 1.78 Nov 1.88 4.50 2.90 7.10 0.40 0.00 1.78 Pakistan Oct 2.83 8.50 2.50 11.00 0.18 0.03 2.63 Nov 2.83 8.00 2.60 10.80 0.15 0.03 2.46 Indonesia Oct 0.62 3/ 3.75 3.65 0.01 0.00 0.71 Nov 0.62 3/ 3.65 3.55 0.01 0.00 0.71 Thailand Oct 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Nov 0.18 3/ 1.13 1.10 0.00 0.03 0.18 Bangladesh Oct 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Nov 1.86 0.14 8.10 8.00 0.00 0.01 2.08 Vietnam Oct 1.19 3/ 7.70 7.50 0.00 0.00 1.39 Nov 1.19 3/ 7.60 7.50 0.00 0.00 1.29 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Incl udes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. November 2018 WASDE - 583 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 80.86 348.95 144.35 287.22 329.37 147.39 97.39 United States 5.35 116.92 0.61 51.74 55.71 58.96 8.21 Total Foreign 75.50 232.03 143.75 235.48 273.66 88.43 89.18 Major Exporters 3/ 52.49 183.15 1.98 87.55 95.40 79.52 62.71 Argentina 33.65 55.00 1.67 43.31 47.83 7.03 35.46 Brazil 18.76 114.60 0.25 40.41 43.66 63.14 26.81 Paraguay 0.03 10.34 0.01 3.75 3.81 6.13 0.44 Major Importers 4/ 19.98 17.54 122.61 113.10 136.57 0.39 23.17 China 17.14 13.64 93.50 88.00 103.50 0.11 20.66 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 97.39 338.57 153.68 294.87 336.76 153.19 99.69 United States 8.21 120.04 0.59 55.93 58.97 57.95 11.92 Total Foreign 89.18 218.53 153.08 238.94 277.78 95.25 87.77 Major Exporters 3/ 62.71 168.74 4.96 85.36 92.58 85.81 58.03 Argentina 35.46 37.80 4.77 36.98 41.68 2.11 34.24 Brazil 26.81 119.80 0.18 44.60 47.04 76.19 23.55 Paraguay 0.44 9.81 0.01 3.70 3.77 6.25 0.23 Major Importers 4/ 23.17 19.24 125.34 116.16 140.68 0.48 26.59 China 20.66 15.20 94.13 90.00 106.30 0.15 23.54 European Union 1.13 2.67 15.00 15.00 16.65 0.28 1.87 Japan 0.22 0.25 3.26 2.35 3.51 0.00 0.22 Mexico 0.16 0.43 4.87 5.25 5.29 0.00 0.18 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Oct 96.65 369.48 154.32 308.20 353.01 157.40 110.04 Nov 99.69 367.50 152.27 307.60 351.94 155.44 112.08 United States Oct 11.92 127.63 0.68 56.34 60.08 56.06 24.09 Nov 11.92 125.18 0.68 56.61 60.08 51.71 26.00 Total Foreign Oct 84.73 241.85 153.64 251.87 292.92 101.34 85.96 Nov 87.77 242.32 151.59 251.00 291.86 103.73 86.09 Major Exporters 3/ Oct 56.41 189.80 2.58 89.73 98.23 91.32 59.23 Nov 58.03 188.30 4.41 89.73 98.03 93.32 59.38 Argentina Oct 32.97 57.00 2.22 43.00 47.92 8.00 36.27 Nov 34.24 55.50 4.20 43.00 47.92 8.00 38.02 Brazil Oct 23.20 120.50 0.35 42.70 46.20 75.00 22.85 Nov 23.55 120.50 0.20 42.70 46.00 77.00 21.25 Paraguay Oct 0.23 9.80 0.01 3.95 4.03 5.90 0.11 Nov 0.23 9.80 0.01 3.95 4.03 5.90 0.11 Major Importers 4/ Oct 25.44 18.97 127.37 121.96 147.49 0.45 23.84 Nov 26.59 19.97 123.42 121.03 146.56 0.45 22.96 China Oct 22.46 15.00 94.00 93.50 110.60 0.10 20.76 Nov 23.54 16.00 90.00 92.50 109.60 0.10 19.84 European Union Oct 1.87 2.70 15.80 16.60 18.25 0.30 1.82 Nov 1.87 2.70 15.80 16.60 18.25 0.30 1.82 Japan Oct 0.21 0.26 3.30 2.35 3.52 0.00 0.26 Nov 0.22 0.26 3.30 2.35 3.52 0.00 0.26 Mexico Oct 0.16 0.34 4.90 5.20 5.24 0.00 0.16 Nov 0.18 0.34 5.00 5.30 5.34 0.00 0.18 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). November 2018 WASDE - 583 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.21 225.39 60.49 221.74 64.48 12.87 United States 0.24 40.63 0.32 30.32 10.51 0.36 Total Foreign 12.97 184.76 60.17 191.42 53.97 12.51 Major Exporters 3/ 7.07 71.76 0.05 24.55 47.09 7.24 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.28 0.04 16.94 13.76 3.32 India 0.13 7.20 0.01 4.75 2.01 0.58 Major Importers 4/ 2.11 16.08 36.56 52.44 0.53 1.78 European Union 0.84 11.38 18.87 30.29 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.07 18.73 0.20 1.22 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 12.87 232.02 60.12 228.45 64.27 12.30 United States 0.36 44.65 0.45 31.51 13.45 0.50 Total Foreign 12.51 187.37 59.67 196.94 50.82 11.80 Major Exporters 3/ 7.24 68.67 0.03 25.45 43.32 7.17 Argentina 3.34 28.01 0.00 3.00 25.35 3.00 Brazil 3.32 34.50 0.02 17.70 16.07 4.07 India 0.58 6.16 0.02 4.75 1.90 0.11 Major Importers 4/ 1.78 16.40 36.79 52.92 0.65 1.41 European Union 0.46 11.85 18.40 30.04 0.40 0.27 Southeast Asia 5/ 1.22 2.78 16.67 19.37 0.25 1.05 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 11.99 242.38 62.15 238.82 65.69 12.01 Nov 12.30 241.88 62.23 238.09 66.21 12.10 United States Oct 0.36 44.41 0.32 32.48 12.25 0.36 Nov 0.50 44.59 0.32 32.52 12.47 0.41 Total Foreign Oct 11.63 197.97 61.83 206.35 53.44 11.65 Nov 11.80 197.29 61.91 205.57 53.74 11.69 Major Exporters 3/ Oct 7.12 73.35 0.05 27.06 46.20 7.26 Nov 7.17 73.51 0.04 26.97 46.53 7.23 Argentina Oct 3.34 33.05 0.00 3.19 29.80 3.40 Nov 3.00 33.05 0.00 3.19 29.80 3.07 Brazil Oct 3.58 33.10 0.03 18.13 15.00 3.58 Nov 4.07 33.10 0.03 18.13 15.23 3.84 India Oct 0.21 7.20 0.02 5.74 1.40 0.28 Nov 0.11 7.36 0.02 5.65 1.50 0.33 Major Importers 4/ Oct 1.33 18.23 36.95 54.73 0.50 1.28 Nov 1.41 18.22 37.12 54.85 0.53 1.37 European Union Oct 0.26 13.11 18.50 31.34 0.30 0.23 Nov 0.27 13.11 18.50 31.34 0.30 0.24 Southeast Asia 5/ Oct 1.01 3.35 16.80 19.97 0.20 0.99 Nov 1.05 3.33 16.85 19.97 0.23 1.03 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. November 2018 WASDE - 583 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2016/17 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.79 53.68 10.84 53.34 11.25 3.73 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 3.02 43.65 10.69 44.33 10.09 2.95 Major Exporters 3/ 0.71 18.89 0.35 11.76 7.46 0.72 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.29 7.76 0.06 6.57 1.24 0.29 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.29 17.89 5.81 23.58 0.21 1.21 China 0.66 15.77 0.71 16.35 0.12 0.67 India 0.47 1.62 3.53 5.20 0.00 0.42 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.73 55.17 9.77 54.60 10.36 3.70 United States 0.78 10.78 0.15 9.70 1.11 0.90 Total Foreign 2.95 44.39 9.62 44.91 9.25 2.80 Major Exporters 3/ 0.72 18.72 0.33 12.32 6.54 0.90 Argentina 0.28 7.31 0.00 3.16 4.13 0.31 Brazil 0.29 8.56 0.05 6.94 1.51 0.45 European Union 0.15 2.85 0.28 2.23 0.90 0.15 Major Importers 4/ 1.21 18.22 5.10 23.37 0.22 0.94 China 0.67 16.13 0.51 16.55 0.14 0.62 India 0.42 1.39 3.00 4.62 0.00 0.19 North Africa 5/ 0.11 0.71 1.59 2.20 0.08 0.13 2018/19 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Oct 3.36 57.54 10.59 56.71 11.14 3.64 Nov 3.70 57.44 10.69 56.98 11.21 3.64 United States Oct 1.00 10.85 0.14 10.02 1.00 0.96 Nov 0.90 10.90 0.14 10.07 1.00 0.87 Total Foreign Oct 2.36 46.70 10.45 46.69 10.14 2.68 Nov 2.80 46.54 10.56 46.91 10.21 2.77 Major Exporters 3/ Oct 0.68 19.74 0.26 12.56 7.38 0.74 Nov 0.90 19.74 0.25 12.57 7.45 0.88 Argentina Oct 0.26 8.39 0.00 3.27 5.10 0.28 Nov 0.31 8.39 0.00 3.28 5.10 0.32 Brazil Oct 0.27 8.20 0.06 7.04 1.28 0.21 Nov 0.45 8.20 0.05 7.04 1.35 0.31 European Union Oct 0.15 3.15 0.20 2.26 1.00 0.25 Nov 0.15 3.15 0.20 2.26 1.00 0.25 Major Importers 4/ Oct 0.76 19.12 5.76 24.42 0.22 1.00 Nov 0.94 18.98 5.86 24.62 0.22 0.93 China Oct 0.43 16.76 0.70 17.30 0.13 0.46 Nov 0.62 16.58 0.80 17.40 0.13 0.47 India Oct 0.20 1.62 3.40 4.80 0.01 0.41 Nov 0.19 1.66 3.40 4.90 0.01 0.34 North Africa 5/ Oct 0.13 0.75 1.66 2.32 0.09 0.13 Nov 0.13 0.75 1.66 2.32 0.09 0.13 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. November 2018 WASDE - 583 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2017 IV 6,742 6,796 13,595 10,472 1,533 12,139 25,734 2,235 53.1 Annual 26,187 25,584 51,991 41,662 5,981 48,178 100,169 8,808 215.5 2018 I 6,465 6,645 13,167 10,385 1,452 11,962 25,129 2,186 54.4 II 6,724 6,325 13,105 10,685 1,477 12,301 25,406 2,230 55.8 III 6,820 6,315 13,191 10,929 1,431 12,502 25,693 2,265 54.0 IV* 6,905 7,035 13,997 10,650 1,515 12,302 26,299 2,320 53.8 Annual Oct Proj. 26,944 26,425 53,594 42,570 5,899 49,014 102,607 9,001 218.1 Nov Proj. 26,914 26,320 53,459 42,649 5,875 49,067 102,526 9,001 217.9 2019 I* 6,590 6,850 13,496 10,575 1,465 12,167 25,663 2,240 55.0 II* 6,975 6,605 13,637 10,845 1,460 12,446 26,083 2,265 56.6 III* 7,170 6,760 13,984 11,050 1,460 12,652 26,636 2,290 54.8 Annual Oct Proj. 27,910 27,810 55,944 43,370 5,985 49,901 105,845 9,140 221.4 Nov Proj. 27,810 27,715 55,749 43,370 5,905 49,821 105,570 9,140 220.9 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2017 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II 116.72 47.91 115.1 79.6 124.4 16.10 III 110.83 43.90 93.7 80.4 120.8 16.05 IV* 112-116 40-42 84-86 83-85 138-142 17.05 -17.35 Annual Oct Proj. 116.29 45.23 97.1 81.1 141.2 16.35 -16.45 Nov Proj. 116.79 45.48 97.4 80.8 141.2 16.20 -16.30 2019 I* 118-126 39-41 91-97 75-79 116-124 16.80 -17.40 II* 118-128 41-45 100-108 79-85 110-120 16.50 -17.40 III* 109-119 43-47 91-99 84-90 120-130 16.55 -17.55 Annual Oct Proj. 113-122 40-43 92-99 81-88 119-129 16.85 -17.75 Nov Proj. 114-122 40-43 92-99 81-88 119-128 16.70 -17.60 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. November 2018 WASDE - 583 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2017 757 26,250 2,993 30,000 2,860 649 26,492 56.9 2018 Proj. Oct 649 27,007 3,027 30,682 3,164 685 26,833 57.2 Nov 649 26,977 3,014 30,639 3,190 685 26,764 57.0 2019 Proj. Oct 685 27,973 3,100 31,758 3,245 690 27,823 58.8 Nov 685 27,873 3,060 31,618 3,265 690 27,663 58.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2017 507 25,598 1,116 27,221 5,632 554 21,035 50.1 2018 Proj. Oct 554 26,438 1,064 28,057 5,989 550 21,518 50.8 Nov 554 26,333 1,059 27,947 5,984 525 21,438 50.6 2019 Proj. Oct 550 27,824 1,060 29,434 6,200 585 22,649 53.1 Nov 525 27,729 1,060 29,314 6,200 560 22,554 52.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2017 1,304 52,078 4,361 57,744 8,497 1,246 48,000 108.2 2018 Proj. Oct 1,246 53,681 4,367 59,294 9,160 1,289 48,846 109.3 Nov 1,246 53,547 4,346 59,139 9,180 1,259 48,700 109.0 2019 Proj. Oct 1,289 56,032 4,439 61,760 9,453 1,327 50,980 113.2 Nov 1,259 55,837 4,399 61,495 9,473 1,299 50,723 112.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2017 778 41,217 126 42,120 6,791 856 34,473 90.8 2018 Proj. Oct 856 42,115 135 43,105 6,869 885 35,351 92.4 Nov 856 42,193 137 43,186 6,916 950 35,320 92.4 2019 Proj. Oct 885 42,906 137 43,928 7,045 870 36,013 93.4 Nov 950 42,906 137 43,993 7,045 895 36,053 93.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2017 279 5,981 25 6,284 622 310 5,352 16.4 2018 Proj. Oct 310 5,899 25 6,233 595 300 5,338 16.3 Nov 310 5,875 21 6,205 586 300 5,319 16.2 2019 Proj. Oct 300 5,985 28 6,313 585 310 5,418 16.4 Nov 300 5,905 20 6,225 585 310 5,330 16.1 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2017 1,065 47,732 154 48,950 7,544 1,170 40,236 108.5 2018 Proj. Oct 1,170 48,557 163 49,891 7,556 1,190 41,144 110.1 Nov 1,170 48,610 160 49,940 7,591 1,255 41,095 109.9 2019 Proj. Oct 1,190 49,436 169 50,795 7,746 1,187 41,862 111.1 Nov 1,255 49,356 161 50,772 7,734 1,212 41,826 110.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2017 2,369 99,810 4,515 106,694 16,041 2,416 88,237 216.8 2018 Proj. Oct 2,416 102,239 4,530 109,185 16,716 2,479 89,990 219.4 Nov 2,416 102,157 4,506 109,079 16,771 2,514 89,794 219.0 2019 Proj. Oct 2,479 105,468 4,608 112,555 17,199 2,514 92,842 224.3 Nov 2,514 105,193 4,560 112,267 17,207 2,511 92,549 223.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2018 WASDE - 583 - 33 U.S. Egg Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 73.6 142.2 87.5 87.5 75.0 70.0 Production 8,578.7 8,807.8 9,000.6 9,000.6 9,140.0 9,140.0 Imports 129.5 34.2 22.1 21.6 27.0 27.0 Total Supply 8,781.8 8,984.1 9,110.2 9,109.7 9,242.0 9,237.0 Use Exports 304.2 354.9 336.4 334.1 340.0 340.0 Hatching Use 1,009.6 1,034.9 1,060.4 1,054.2 1,085.0 1,085.0 Ending Stocks 142.2 87.5 75.0 70.0 80.0 80.0 Disappearance Total 7,325.8 7,506.9 7,638.4 7,651.4 7,737.0 7,732.0 Per Capita (number) 271.6 276.3 279.0 279.5 280.3 280.1 Total U.S. Milk Supply and Use Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 212.4 215.5 218.1 217.9 221.4 220.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.3 12.7 13.4 13.4 13.5 13.9 Marketings 211.4 214.5 217.1 216.9 220.4 219.9 Imports 6.9 6.0 6.3 6.3 6.3 6.2 Total Cml. Supply 230.7 233.2 236.8 236.7 240.1 240.0 Fat Basis Use Commercial Exports 8.4 9.2 10.5 10.5 9.8 9.8 Ending Commercial Stocks 12.7 13.4 13.5 13.9 12.5 12.6 CCC Donations 0.0 0.0 0.0 0.0 0.3 0.3 Domestic Commercial Use 209.6 210.5 212.9 212.3 217.5 217.3 Skim -solid Basis Supply Beg. Commercial Stocks 9.2 9.5 11.8 11.8 10.8 10.7 Marketings 211.4 214.5 217.1 216.9 220.4 219.9 Imports 6.5 6.1 5.6 5.4 5.5 5.3 Total Cml. Supply 227.1 230.1 234.5 234.1 236.7 235.9 Skim -solid Basis Use Commercial Exports 39.1 40.7 45.1 45.1 44.1 44.1 Ending Commercial Stocks 9.5 11.8 10.8 10.7 10.8 10.5 CCC Donations 0.0 0.0 0.0 0.0 0.2 0.2 Domestic Commercial Use 178.5 177.6 178.6 178.2 181.6 181.2 Total Note: Totals may not add due to rounding. November 2018 WASDE - 583 - 34 U.S. Dairy Prices Commodity 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Per Pound Cheese 1.6050 1.6344 1.570 - 1.580 1.535 - 1.545 1.575 - 1.665 1.560 - 1.650 Butter 2.0777 2.3303 2.245 - 2.275 2.240 - 2.270 2.215 - 2.335 2.200 - 2.320 Nonfat Dry Milk 0.8292 0.8666 0.785 - 0.805 0.785 - 0.805 0.825 - 0.895 0.830 - 0.900 Dry Whey 0.2875 0.4437 0.330 - 0.340 0.335 - 0.345 0.385 - 0.415 0.390 - 0.420 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 14.87 16.17 14.85 - 14.95 14.60 - 14.70 15.30 - 16.20 15.15 - 16.05 Class IV 13.77 15.16 14.15 - 14.35 14.10 - 14.30 14.35 - 15.35 14.35 - 15.35 All Milk 3/ 16.30 17.65 16.35 - 16.45 16.20 - 16.30 16.85 - 17.75 16.70 - 17.60 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . November 2018 WASDE - 583 - 35 Reliability of November Projections 1/ Note: Tables on pages 35 -37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.1 percent. The average difference between the Nov ember projection and the final estimate is 5.5 million tons, ranging from 0.1 million to 18.1 million tons. The November projection has been below the estimate 28 times and above 9 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 1.2 2.1 5.5 0.1 18.1 28 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 13 Foreign 1.4 2.3 5.5 0.0 18.2 28 9 Exports World 5.7 9.7 6.0 0.2 19.2 31 6 U.S. 7.5 12.7 2.0 0.2 8.6 17 20 Foreign 7.0 11.9 5.9 0.3 17.2 33 4 Domestic Use World 1.3 2.3 5.7 0.0 18.8 23 13 U.S. 6.1 10.3 1.6 0.1 3.6 11 26 Foreign 1.4 2.4 5.9 0.5 21.1 26 11 Ending Stocks World 6.2 10.6 7.8 0.9 23.1 28 9 U.S. 11.4 19.3 2.0 0.2 7.0 23 14 Foreign 6.4 10.9 6.5 0.8 22.7 28 9 COARSE GRAINS 2/ Production World 1.6 2.7 12.9 0.2 47.3 28 9 U.S. 1.3 2.2 2.3 0.0 7.5 19 18 Foreign 2.2 3.8 12.9 0.2 48.8 28 9 Exports World 6.8 11.6 6.7 0.1 29.7 25 12 U.S. 16.0 27.2 5.9 0.4 14.7 19 18 Foreign 12.5 21.2 7.0 0.3 23.5 24 13 Domestic Use World 1.4 2.3 10.8 0.2 41.9 21 16 U.S. 3.7 6.3 5.2 0.2 17.2 18 19 Foreign 1.6 2.7 9.6 0.3 42.2 24 13 Ending Stocks World 12.6 21.4 12.9 0.3 39.6 30 7 U.S. 20.5 34.8 7.7 0.6 23.9 20 17 Foreign 16.5 28.0 11.2 0.2 31.1 33 4 RICE, milled Production World 2.1 3.6 5.8 0.1 16.8 31 6 U.S. 2.9 4.9 0.1 0.0 0.5 18 16 Foreign 2.2 3.7 5.8 0.2 16.9 31 6 Exports World 9.2 15.7 1.7 0.1 6.0 30 7 U.S. 9.6 16.3 0.2 0.0 0.7 20 14 Foreign 10.6 17.9 1.7 0.0 6.0 28 9 Domestic Use World 1.7 2.9 4.1 0.1 17.5 30 7 U.S. 8.4 14.2 0.2 0.0 0.6 18 19 Foreign 1.7 3.0 4.1 0.0 17.7 31 6 Ending Stocks World 10.9 18.5 5.4 0.1 24.6 30 7 U.S. 23.1 39.3 0.2 0.0 0.8 22 15 Foreign 11.3 19.2 5.5 0.1 24.4 30 7 1/ Footnotes at end of table. CONTINUED November 2018 WASDE - 583 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.8 6.0 0.1 25.1 22 15 U.S. 2.1 3.6 1.1 0.1 4.2 15 22 Foreign 6.7 11.3 5.9 0.0 26.4 20 17 Exports World 7.3 12.4 3.3 0.0 13.4 24 13 U.S. 10.2 17.2 2.4 0.1 7.1 24 13 Foreign 18.4 31.2 2.8 0.1 11.7 19 18 Domestic Use World 2.9 4.9 4.0 0.0 14.2 22 15 U.S. 3.7 6.3 1.3 0.0 3.8 25 12 Foreign 3.6 6.1 3.8 0.2 12.8 22 15 Ending Stocks World 16.5 28.0 4.5 0.0 18.4 21 16 U.S. 49.3 83.7 2.3 0.1 7.3 9 28 Foreign 17.6 29.8 4.0 0.1 18.2 22 15 COTTON Million 480 -Pound Bales Production World 3.6 6.2 2.6 0.1 9.3 24 13 U.S. 3.0 5.1 0.4 0.0 1.0 19 17 Foreign 4.2 7.2 2.5 0.1 8.9 24 13 Exports World 7.9 13.4 2.0 0.1 10.3 24 13 U.S. 17.4 29.5 1.1 0.1 3.2 23 14 Foreign 10.3 17.5 1.5 0.0 8.9 19 17 Domestic Use World 3.4 5.7 2.5 0.0 11.1 18 18 U.S. 7.2 12.3 0.3 0.0 1.1 19 18 Foreign 3.4 5.8 2.4 0.0 10.6 19 18 Ending Stocks World 12.0 20.4 4.7 0.3 14.6 23 14 U.S. 32.2 54.7 1.2 0.1 3.5 12 25 Foreign 12.9 21.8 4.5 0.0 15.1 25 12 1/ Marketing years 1981/82 through 2017/18 for grains, soybeans and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2018 WASDE - 583 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 1.3 2.2 86 0 250 19 17 Exports 16.6 28.1 207 9 575 18 19 Domestic Use 3.9 6.7 200 3 574 22 15 Ending Stocks 23.3 39.6 302 17 986 18 19 SORGHUM Production 4.2 7.1 15 1 53 19 18 Exports 19.9 33.7 32 0 123 21 15 Domestic Use 18.6 31.6 34 0 127 18 18 Ending Stocks 47.4 80.4 25 2 104 13 24 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 39.5 67.0 9 0 37 14 19 Domestic Use 7.8 13.2 17 0 70 13 23 Ending Stocks 13.9 23.6 13 0 38 25 10 OATS Production 1.1 1.9 2 0 18 7 9 Exports 72.9 123.8 1 0 7 9 10 Domestic Use 5.5 9.3 12 1 39 15 22 Ending Stocks 21.0 35.6 14 1 52 24 13 SOYBEAN MEAL Thousand Short Tons Production 3.7 6.2 1,092 14 3,250 24 13 Exports 11.8 20.0 746 0 3,600 20 14 Domestic Use 3.4 5.8 729 30 2,350 17 20 Ending Stocks 28.7 48.7 46 0 249 14 13 SOYBEAN OIL Million Pounds Production 4.0 6.7 530 40 2,240 26 11 Exports 28.8 48.9 351 0 1,425 20 16 Domestic Use 3.8 6.5 454 56 1,828 24 13 Ending Stocks 23.6 40.1 349 0 1,077 19 17 ANIMAL PROD. Million Pounds Beef 3.8 6.4 775 92 2,461 25 11 Pork 3.2 5.5 421 2 1,592 21 15 Broilers 1.9 3.2 410 17 1,394 22 14 Turkeys 3.4 5.8 136 2 444 21 15 Million Dozen Eggs 2.0 3.3 107 2 513 25 11 Billion Pounds Milk 1.5 2.6 1.7 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2017/18 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2016/17, and for 2017/18 the last month’s estimate. Calendar years 1982 through 2017 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1 982-2017. WASDE -583-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -583 – November 8, 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 541 Approved by the World Agricultural Outlook Board May 12, 2015 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2015/16. Also presented are the first ca lendar-year 2016 projections of U.S. livestock, poultry, and dairy products. Because spring planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are hi ghly tentative. Forecasts for U.S. winter wheat area, yield, and production are from the May 12 Crop Production report. For other U.S. crops, the March 31 Prospective Plantings report is used for planted acreage. Methods us ed to project 2015/16 harvested acreage and yield are noted in each table.   WHEAT: U.S. wheat supplies for 2015/16 are projected up 6 percent from 2014/15 on higher beginning stocks and production. All wheat production is projected at 2,087 million bushels, up 3 percent. The all wheat yield is projected at 43.5 bushel s per acre, down slightly from the previous year. The survey-based forecast for 2015/16 all winter wheat production is up 7 percent with both higher yields and harvested area. A decline in Soft Red Winter wheat harvested area is more than offset by increased Hard Red Winter (HRW) wheat harvested area. This year’s HRW yield is above last year’s low level, but drought and winterkill have adversely affected the crop again. White Winter wheat production is projected up 10 percent from last year mainly on higher yields. Spring wheat production for 2015/16 is projected to decline 5 percent on an assumed return to trend yields from last year’s near-record level, more than offsetting a slight increase in harvested area. Total U.S. wheat use for 2015/16 is projected up 4 per cent from the previous year on higher exports, feed and residual use, and food use. The 2015/16 exports are projected at 925 million bushels, up 65 million bushels from the previous year’s low level but still below the 5 year-average. Large supplies in several major competing countries will continue to limit U.S. exports. Feed and residual use is projected up 20 million bushels on increased supplies. U.S. ending stocks are projected to rise 84 million bushels to 793 million, the highest since t he 2010/11 crop year. The all wheat season-average farm price is projected at $4.50 to $5.50 per bushel. Global wheat supplies are projected to rise fractionally from 2014/15 as increased beginning stocks more than offset a slight decline in production from the previous year’s record. Total wheat production is projected at 718.9 million tons, the second highest total on record. Foreign production is down 9.2 million tons with reductions for EU, India, Russia, and Ukraine more than offsetting increases for China, Turkey, Morocco, Australia, Iran, and Syria. Global wheat consumption for 2015/16 is projected slightly higher than in 2014/15 with higher food use more than offsetting a reduction in world wheat feeding. Global import demand for 2015/16 is lower with the largest reductions coming from Turkey, Iran, Morocco, and Syria all on greatly improved crop prospec ts. Exports are lower for Canada, India, EU, Russia, and Ukraine, but higher for Argentina and Australia. Global ending stocks for 2014/15 are projected at 203.3 million tons, up 2.4 million from 2014/15. COARSE GRAINS: U.S. feed grain supplies for 2015/16 are projected to slightly exceed the record level of 2014/15 as larger beginning stocks more than offset lower expected production. Corn production is projected at 13.6 billion bushels, down 586 million from the record 2014/15 crop with a lower forecast area and yield. The U.S. corn yield is projected at 166.8 bushels per acre, down 4.2 bushels from the 2014/15 record based on a weather adjusted yield trend that assumes normal summer weather. The 2015 yield outlook is not raised, despite the rapid pace of late-April and early-WASDE-541-2 May planting, as more than 90 percent of the variability in the corn yield is determined by July precipitation and temperatures in the Midwest, which are unknowable at this time. Corn supplies for 2015/16 are projected at a record 15.5 billion bushels, up just slightly from 2014/15. U.S. corn use for 2015/16 is projected at a record 13.8 billion bushels, 1 percent higher than this month’s revised projection for 2014/15. Feed and residual use for 2015/16 is projected 50 million bushels higher with animal numbers up from 2014/15. Corn used to produce ethanol in 2015/16 is expected to be unchanged as projected gasoline consumption during the 2015/16 marketing year is nearly identical to 2014/15. Corn use in other food, seed, and industrial categories in 2015/16 is projected slightly higher than this month’s lower forecast for 2014/15. Exports for 2015/16 are projected 75 million bushels higher on the year with the 2014/15 projection raised 25 million bushels this month. More competitive prices and growth in world demand support gains in U.S. exports for 2015/16, but large foreign supplies limit growth in the U.S. share of global trade. Corn ending stocks for 2015/16 are projected at 1.7 billion bushels, down 105 million from the 2014/15 projection. The season-average 2015/16 farm price is projected at $3.20 to $3.80 per bushel, down 15 cents at the midpoint from this month’s lowered outlook for 2014/15. Available opportunities for forward pricing the 2015 crop have been at substantially lower levels than the pre-planting bids offered for the 2014 crop. Global coarse grain supplies for 2015/16 are projected at a record 1,505.1 million tons, up 9.6 million tons from 2014/15 with the increase mainly reflecting larger corn beginning stocks and production for China. Global corn production for 2015/16 is projected at 989.8 million tons, down from the 2014/15 record, largely reflecting the smaller projected U.S. crop. Declines in 2015/16 corn production are also expected for EU, Brazil, Ukraine, and Mexico. In addition to China, where corn production is projected up 12.3 million tons, corn production is expected higher for South Africa, India, Canada, Russia, and Argentina. Global corn consumption for 2015/16 is projected at a record 990.4 million tons, 13.0 million tons higher than in 2014/15, with notable increases for China, Brazil, Saudi Arabia, Argentina, Egypt, Canada, India, Indonesia, Iran, and Mexico. Corn imports for 2015/16 are projected higher year-to-year for EU, Saudi Arabia, Egypt, South Korea, and Mexico. Corn exports are lowered for Ukraine, Brazil, and EU, but raised for South Africa, Argentina, and India compared with 2014/15. Global corn ending stocks for 2015/16 are projected at 191.9 million tons, down 0.6 million from 2014/15. RICE: U.S. 2015/16 all rice supplies are forecast up 3 percent from 2014/15 and total use is up 2 percent. This will lead to an 11 percent increase in 2015/16 ending stocks projected at 47.4 million cwt. Beginning stocks for 2015/16 are forecast at 42.9 million cwt. Projected 2015/16 imports at a record 24.5 million cwt. U.S. rice production for 2015/16 is projected at 219.0 million cwt. Long-grain production is projected at 162.0 million cwt, and combined medium- and short-grain production at 57.0 million. All rice harvested area is estimated at 2.90 million acres. Long-grain harvested area is 2.19 million acres. Combined medium- and short-grain harvested area is 0.71 million acres. The drought-induced drop in California medium- and short-grain area has attracted more acres of medium-grain rice in the Delta where plantings in 2015 are projected up 3 percent. U.S. all rice average yield is projected at 7,562 pounds per acre, nearly the same as last year. U.S. 2015/16 all rice total use is projected at 239.0 million cwt with domestic and residual use at 131.0 million and exports at 108.0 million. Long-grain rice exports are projected at 76.0 million cwt, and medium- and short-grain rice exports at 32.0 million. U.S. all rice ending stocks for 2015/16 are projected at 47.4 million cwt with long-grain endi ng stocks at 34.1 million cwt, and medium- and short- grain rice stocks at 11.0 million. The U.S. 2015/16 long-grain rice season-average farm price is projected at $10.00 to $11.00 per cwt, compared to a revised $11.80 to $12.20 for the previ ous year. The medium- and short-grain price is projected at $17.80 to $18.80 per cwt, compared to a revised $17.80 to $18.20 for the year earlier. The 2015/16 all rice price is projected at $12.30 to $13.30 per cwt, compared to a revised $13.20 to $13.60 WASDE-541-3 per cwt for 2014/15. The California medium- and short- grain price is expected to strengthen slightly, and the Other States price is unchanged from 2014/15. Global 2015/16 total rice ending stocks are expected to drop 6.9 million tons to 91.5 million tons with a stocks-to-use ratio of 18.7 percent, the lowest since 2006/07. World rice production is projected at a record 482.1 million tons. Global consumption is projected at a record 489.0 million tons. Global exports in 2015/16 are projected at 42.4 million tons. Exports in 2015/16 will be down from the previous year for India and Pakistan, but up for Burma, Cambodia, and the United States. Thailand’s exports are unchanged at 11.0 million tons. Larger 2015/16 imports are projected for China and the Middle East. Global 2015/16 ending stocks are projected at 91.5 million tons, the lowest stocks since 2007/08. The global stocks-to-use ratio at 18.7 percent is the lowest since 2006/07. The largest year-to-year stocks reductions occur in India, Thailand, Indonesia, and China. OILSEEDS: U.S. oilseed production for 2015/16 is projected at 114.1 million tons, down 2.6 percent from 2014/15 mainly on lower soybean production. Soybean production is projected at 3,850 million bushels, down 119 million from the 2014 crop with record harvested area more than offset by lower yields. Harvested area is projected at 83.7 million acres based on a 5-year average harvested-to-planted ratio and planted area of 84.6 million acres. The soybean yield is projected at a trend level of 46.0 bushels per acre, down 1.8 bushels from last year’s record. Supplies are projected at 4,230 million bushels, up 3.4 percent from 2014/15 with increased beginning stocks more than offsetting lower production. The U.S. soybean crush for 2015/16 is projected at 1,825 billion bushels, up 20 million from 2014/15. U.S. soybean meal use is projected to increase 3.2 percent in line with expected gains in U.S. meat production. Despite lower prices, soybean meal expor ts are projected to decline with increased exports from South America and India accounting for most of the gains in global soybean meal trade. Soybean exports are projected at 1,775 million bushels, down 25 million from 2014/15 despite record supplies. Competition from record supplies in South America is expected to limit U.S. exports during the first half of the 2015/16 marketing year. With larger supplies and lower use, U.S. ending stocks for 2015/16 are projected at 500 million bushels, up 150 million from 2014/15. The U.S. season-average soybean price for 2015/16 will decline to $8.25 to $9.75 per bushel compared with $10.05 in 2014/15. Soybean meal prices are forecast at $305 to $345 per short ton compared with $365 in 2014/15. Soybean oil prices are forecast at 29.5 to 32.5 cents per pound compared with 32.0 cents in 2014/15. Global oilseed production for 2015/16 is projected at 531.2 million tons, slightly below 2014/15. Global soybean production is projected at 317.3 million tons, almost unchanged from 2014/15 with gains for Brazil, India, Paraguay, and Ukraine offset by reductions for the United States, Argentina, and China. The Argentina soybean crop is projected at 57.0 milli on tons, down 1.5 million from 2014/15 with higher area but lower yields. The Brazil soybean crop is projected at a record 97.0 million tons, up 2.5 million on higher area. China soybean production is projected at 11.5 million tons, down 0.85 million as producers shift to more profitable crops. Total oilseed supplies are up 2.8 percent from 2014/15. With crush projected to increase 2.3 percent, global oilseed ending stocks are projected at 107.4 million tons, up 8.3 million from the revised 2014/15 stock estimate. Global protein meal consumption is projected to increase 3.4 percent in 2015/16. Protein meal consumption is projected to increase 3.0 percent in China, accounting for 24 percent of global protein consumption gains. Global soybean exports are pr ojected at 122 million tons, up 3.8 percent from 2014/15. China soybean imports are projected at 77.5 million tons, up 4 million from the revised 2014/15 projection. Global vegetable oil consumption is projected to increase 3.6 percent in 2015/16 led by increases for China, India, and Indonesia. SUGAR: Total production for 2015/16 is forecast at 8.450 million short tons, raw value (STRV), a decrease of 76,000 from 2014/15. Beet sugar production for the 2015/16 August-July period will total about 4.900 million STRV, but fiscal year 2015/16 production is forecast at 4.770 million as 11 percent WASDE-541-4 of the 2015/16 sugarbeet crop will be harvested in August-September and thus will be accounted for in the estimate of the fiscal year 2014/15 crop. Cane sugar production is forecast at 3.680 million STRV, down 85,000 as production yields return to trend and area remains about the same as 2014/15. U.S. 2015/16 imports are forecast at 3.810 million STRV. Tariff-rate quota imports are forecast at statutory levels consistent with international agreements. Shortfall is forecast at 99,208 STRV, the same as estimated for 2014/15. The additional specialty sugar TRQ has not been established and is set at zero. Imports from Mexico are fore cast at 2.116 million STRV. Deliveries for human consumption are forecast at 11.985 million STRV, 126,000 higher than 2014/15. Ending stocks are forecast at 1.547 million STRV, implying an ending stocks-to-use ratio of 12.6 percent. Mexico 2015/16 sugar production is forecast at 6.000 million metric tons (MT), the same as 2014/15 but assuming about 20,000 fewer hectares to be harvested and a greater sugar yield per harvested hectare. Exports to the United States for 2015/16 are forecast at 1.811 million MT, based on the terms of the Agreement Suspending the Countervailing Duty Investigations on Sugar from Mexico (“Target Quantity of U.S. Needs”). Although the U.S. additional specialty sugar TRQ has not been established, for purposes of the U.S. Needs calculation, it is assumed at the same level as in 2014/15. Deliveries for human consumption for 2015/16 are forecast at 4.250 million MT, the same as in 2014/15. Ending stocks are forecast residually at 667,604 MT, implying a lower than historical average stocks-to-consumption ratio of 15.7 percent. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. red meat and poultry production in 2016 is projected to be above 2015. Beef production is forecast higher as gains in the 2014 and 2015 calf crops support year-over-year increases in cattle placements in late 2015 and early 2016. Marketings of fed cattle are forecast to increase during 2016, while carcass weights are expected to reflect incentives to keep cattle weights high. Pork production is expected to increase as pig crops expand; reflecting moderate increases in farrowings during late 2015 and early 2016 and a continued recovery in growth in pigs per litter. Broiler and turkey production are forecast higher as the more rapid expansion in production which began in late 2014 continues. Egg production for 2016 is forecast to expand as producers respond to favorable egg prices and moderate feed costs. The total red meat and poultry production forecast for 2015 is raised from last month on higher beef, pork, and broiler production. Beef production is raised on heavier dressed weights. Pork production is forecast higher as the pace of slaughter in the second quarter remains heavy and supplies of slaughter hogs in the second part of the year are expected to remain ample. Broiler production is raised from last month as producers continue to expand egg sets and chicks placed. Turkey production is lowered from last month as previously forecast production grow th is expected to be limited. Egg production for 2015 is lowered as recent discoveries of HPAI will constrain production growth. Red meat and poultry exports are expected to incr ease in 2016 with expanding production. Imports of beef and pork are expected to decline. For 2015, export forecasts for beef, pork, and broiler meat are raised from last month on March export data and larger production forecasts. Beef imports are forecast higher on strong processing-grade beef demand and tight supplies of domestic processing beef. Pork imports are lowered with expected increases in production. For 2016, fed cattle prices are forecast near 2015 levels as supplies increase but demand for fed cattle remains robust. Hog prices are forecast to be lower than 2015 as hog supplies increase. However, broiler and turkey prices are forecast higher despite increased production as demand improves and beef supplies remain tight. Egg prices are forecast higher on firm demand. The fed cattle price forecast for 2015 is lowered from last month. H og prices are reduced slightly. Broiler prices are forecast higher as demand remains strong. Turkey prices are raised based on current strength in prices and reduced production. Egg prices are unchanged. WASDE-541-5 Milk production for 2016 is forecast higher as impr oved forage availability and moderate feed costs are expected to support gains in milk per cow. Cow numbers are forecast slightly higher. Commercial exports on both a fat and skim-solids basis are forecast higher with a resumption of normal trade patterns. Imports are forecast lower as dom estic production increases and demand from competing importers is higher. With stronger domestic demand and export, cheese, nonfat dry milk (NDM) and whey prices are forecast higher, but butter prices are forecast lower as strong NDM demand is expected to support relatively high levels of butter production. Both Class III and Class IV prices are forecast higher. The all milk price is forecast at $17.45 to $18.45 per cwt for 2016. Forecast milk production in 2015 is forecast lower than last month as drought in the West impacts milk per cow and growth in the cow herd is expected to be slower. Fat and skim-solids imports are raised on strong demand for imported cheeses. Fat basis exports are raised on better-than-expected March exports. Skim-solids exports are higher based on higher NDM and lactose shipments. Cheese, NDM, and whey prices are forecast lower on weaker demand, but the butter price forecast is raised on strong demand. The Class III price is lowered on weaker cheese and whey prices. The Class IV price is lower as the stronger butter price is more than offset by the reduced prices for NDM. The milk price is forecast to average $17.10 to $17.60 per cwt. COTTON: The U.S. cotton 2015/16 projections include marginally higher supply and disappearance compared with 2014/15, resulting in ending stocks and prices on par with the preceding year. The increase in beginning stocks of nearly 2.0 million bales is mostly offset by an 11-percent decrease in production, due mainly to reduced planted area . Harvested acres and yields are based on historical averages by region, with adjustments to the Southwest to reflect favorable moisture conditions. Domestic mill use is projected higher while exports are at the prior year’s 10.7 million bales. The marketing year average price received by producers is projected to range from 50 to 70 cents per pound, with the midpoint of 60 cents, unchanged from the current season. World 2015/16 cotton projections show a decline in global stocks for the first time since 2009/10. As with the U.S. estimates, higher beginning stocks compared with last season are about offset by sharply lower world production, as most of the world’s cotton-producing countries respond to lower prices. World consumption is raised 3.5 percent due mainly to positive world economic growth and the lagged effect of falling cotton prices during 2014/15. World trade is reduced marginally, as a sharp drop of 1.7 million bales in China’s imports is mostly offset by increases in other countries. China’s lower production and imports, combined with a consumption increase of nearly 3 percent, are projected to reduce ending stocks by about 3.0 million bales, accounting for more than three-fourths of the decline in world stocks. Despite this reduction, world stocks of 106.3 million bales would still be the second highest on record. For 2014/15, U.S. production is raised marginally, based on lower harvested area and higher yields, reflecting the season final report. Slightly higher world ending stocks incorporate a number of current and historical data adjustments, resulting in increases for Argentina, China, and Benin, partially offset by decreases for India, Malaysia, and Brazil. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, David Stallings, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE WASDE-541-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Phil Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. In 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-541-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 May 2015 WASDE - 541 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2013/14 2476.07 2931.35 372.08 2423.27 508.08 2014/15 (Est.) 2486.92 2995.00 370.66 2467.80 527.20 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 2478.35 3005.54 357.78 2486.28 519.26 filler filler filler filler filler Wheat 2013/14 716.82 893.73 165.92 703.76 189.98 2014/15 (Est.) 726.45 916.43 163.70 715.46 200.97 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 718.93 919.90 156.95 716.59 203.32 filler filler filler filler filler Coarse Grains 5/ 2013/14 1281.36 1449.09 164.43 1238.30 210.78 2014/15 (Est.) 1284.78 1495.57 163.28 1267.76 227.81 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 1277.31 1505.12 158.44 1280.71 224.41 filler filler filler filler filler Rice, milled 2013/14 477.89 588.53 41.73 481.21 107.32 2014/15 (Est.) 475.69 583.01 43.68 484.59 98.41 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 482.10 580.52 42.40 488.98 91.54 filler filler filler filler filler United States Output Total Supp lyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2013/14 431.31 484.09 89.42 343.27 51.40 2014/15 (Est.) 439.32 498.81 82.34 346.10 70.37 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 426.58 504.67 85.63 348.96 70.08 filler filler filler filler filler Wheat 2013/14 58.11 82.23 32.01 34.15 16.07 2014/15 (Est.) 55.13 75.28 23.41 32.57 19.31 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 56.81 79.93 25.17 33.18 21.58 filler filler filler filler filler Coarse Grains 5/ 2013/14 367.09 393.85 54.42 305.11 34.31 2014/15 (Est.) 377.12 414.68 55.58 309.41 49.69 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 362.81 415.64 57.03 311.61 47.00 filler filler filler filler filler Rice, milled 2013/14 6.12 8.01 2.99 4.00 1.03 2014/15 (Est.) 7.07 8.86 3.36 4.13 1.37 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 6.95 9.10 3.43 4.17 1.50 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2015 WASDE - 541 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2013/14 2,044.76 2,447.26 282.66 2,080.00 456.68 2014/15 (Est.) 2,047.60 2,496.19 288.33 2,121.71 456.83 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 2,051.77 2,500.88 272.15 2,137.32 449.18 filler filler filler filler filler Wheat 2013/14 658.72 811.50 133.90 669.60 173.91 2014/15 (Est.) 671.32 841.15 140.30 682.89 181.67 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 662.12 839.97 131.77 683.41 181.74 filler filler filler filler filler Coarse Grains 5/ 2013/14 914.27 1,055.24 110.01 933.19 176.47 2014/15 (Est.) 907.66 1,080.89 107.70 958.35 178.12 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 914.50 1,089.49 101.41 969.10 177.41 filler filler filler filler filler Rice, milled 2013/14 471.77 580.52 38.74 477.21 106.30 2014/15 (Est.) 468.62 574.15 40.32 480.47 97.04 filler filler filler filler filler 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 475.15 571.42 38.97 484.81 90.03 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2013/14 120.43 210.91 40.02 109.05 102.43 2014/15 (Est.) 119.28 221.71 33.81 111.45 110.25 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 111.25 221.51 33.66 115.29 106.29 United States 2013/14 12.91 16.72 10.53 3.55 2.45 2014/15 (Est.) 16.32 18.78 10.70 3.65 4.40 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 14.50 18.91 10.70 3.80 4.40 Foreign 4/ 2013/14 107.52 194.19 29.49 105.50 99.98 2014/15 (Est.) 102.96 202.93 23.11 107.80 105.85 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 96.75 202.60 22.96 111.49 101.89 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatme nt of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by region, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on the previous 3-year average by region, with the Southwest adjusted to the 10-year average. May 2015 WASDE - 541 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2013/14 505.71 574.01 133.72 418.85 78.16 2014/15 (Est.) 534.67 612.83 137.24 432.60 99.10 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 531.16 630.26 140.67 442.65 107.43 Oilmeals 2013/14 282.09 293.33 82.01 276.83 12.88 2014/15 (Est.) 294.40 307.27 85.90 288.64 13.50 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 302.25 315.76 88.91 298.57 12.99 Vegetable Oils 2013/14 171.31 189.09 70.02 166.88 18.69 2014/15 (Est.) 175.09 193.78 70.41 173.53 17.14 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 181.12 198.26 73.22 179.72 15.79 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 99.02 107.95 45.79 51.47 3.95 2014/15 (Est.) 117.17 122.97 50.03 53.38 10.95 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 114.08 126.88 49.31 54.10 15.11 Oilmeals 2013/14 39.41 43.48 10.78 32.41 0.29 2014/15 (Est.) 41.88 45.95 11.90 33.72 0.34 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 41.89 45.98 10.96 34.69 0.34 Vegetable Oils 2013/14 10.44 15.62 1.12 13.53 0.98 2014/15 (Est.) 10.68 15.66 1.12 13.56 0.98 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 10.96 16.03 1.22 13.78 1.03 filler filler filler filler filler Foreign 3/ Outpu tTotal Sup ply TradeTotal Use 2 / Endin g Stock s Oilseeds 2013/14 406.69 466.06 87.93 367.38 74.21 2014/15 (Est.) 417.50 489.86 87.21 379.23 88.15 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 417.08 503.38 91.36 388.55 92.32 Oilmeals 2013/14 242.68 249.86 71.23 244.43 12.58 2014/15 (Est.) 252.51 261.32 74.00 254.93 13.17 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 260.37 269.78 77.95 263.88 12.65 Vegetable Oils 2013/14 160.87 173.47 68.90 153.35 17.72 2014/15 (Est.) 164.41 178.13 69.29 159.97 16.16 2015/16 (Proj.) Apr NA NA NA NA NA 2015/16 (Proj.) May 170.16 182.23 72.00 165.94 14.76 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2015 WASDE - 541 - 11 U.S. Wheat Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Million Acres Area Planted 56.2 56.8 NA 55.4 * Area Harvested 45.3 46.4 NA 48.0 * Bushels Yield per Harvested Acre 47.1 43.7 NA 43.5 * Million Bushels Beginning Stocks 718 590 NA 709 Production 2,135 2,026 NA 2,087 Imports 169 150 NA 140 Supply, Total 3,021 2,766 NA 2,937 Food 955 960 NA 967 Seed 77 77 NA 72 Feed and Residual 223 160 NA 180 Domestic, Total 1,255 1,197 NA 1,219 Exports 1,176 860 NA 925 Use, Total 2,431 2,057 NA 2,144 Ending Stocks 590 709 NA 793 Avg. Farm Price ($/bu) 2/ 6.87 6.00 NA 4.50 - 5.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio nBushels 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 985 795 583 284 120 2,766 Domestic Use 435 313 275 100 74 1,197 Exports 270 280 135 145 30 860 Use, Total 705 593 410 245 104 2,057 Ending Stocks, Total May 280 202 174 38 16 709 Ending Stocks, Total Apr 272 190 169 38 16 684 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * Planted acres repor ted in the March 31, 2015, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-year harvested-to-planted ratios by state and 1985- 2014 yield trends by state (except for Arizona, California, a nd Idaho Durum). Winter wheat harvested acres and yield reported in the May 12, 2015,"Crop Production." ****************************************************************************** Wheat-by-class projections for 2015/16 will first be published in the July 10, 2015, WASDE. ****************************************************************************** May 2015 WASDE - 541 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Million Acres Area Planted 109.9 103.4 NA 103.3 * Area Harvested 98.1 93.0 NA 92.3 * Metric Tons Yield per Harvested Acre 3.74 4.05 NA 3.93 Million Metric Tons Beginning Stocks 23.5 34.3 NA 49.7 Production 366.9 376.9 NA 362.6 Imports 3.0 3.0 NA 2.9 Supply, Total 393.4 414.3 NA 415.2 Feed and Residual 133.3 137.9 NA 139.7 Food, Seed & Industrial 171.4 171.1 NA 171.5 Domestic, Total 304.7 309.0 NA 311.2 Exports 54.4 55.6 NA 57.0 Use, Total 359.1 364.6 NA 368.2 Ending Stocks 34.3 49.7 NA 47.0 CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Million Acres Area Planted 95.4 90.6 NA 89.2 * Area Harvested 87.5 83.1 NA 81.7 * Bushels Yield per Harvested Acre 158.1 171.0 NA 166.8 * Million Bushels Beginning Stocks 821 1,232 NA 1,851 Production 13,829 14,216 NA 13,630 Imports 36 25 NA 25 Supply, Total 14,686 15,472 NA 15,506 Feed and Residual 5,034 5,250 NA 5,300 Food, Seed & Industrial 2/ 6,503 6,547 NA 6,560 Ethanol & by-products 3/ 5,134 5,200 NA 5,200 Domestic, Total 11,537 11,797 NA 11,860 Exports 1,917 1,825 NA 1,900 Use, Total 13,454 13,622 NA 13,760 Ending Stocks 1,232 1,851 NA 1,746 Avg. Farm Price ($/bu) 4/ 4.46 3.55 - 3.75 NA 3.20 - 3.80 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * Planted acres reported in the March 31, 2015, "Prospective Plantings." For corn, harvested acres projected based on historical abandonm ent and use for silage. Projected yield based on a weather adjusted trend model that assumes normal mid-May planting progr ess and summer weather. The trend yield is not adjusted for this year's rapid planting pace as more than 90 percent of yield variability is determined by July weather. (For an explanation of the yield trend model see Westcott and Jewis on, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g- 01.aspx.) May 2015 WASDE - 541 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 8.1 7.1 NA 7.9 * Area Harvested (mil. acres) 6.6 6.4 NA 6.7 * Yield (bushels/acre) 59.6 67.6 NA 64.9 * Beginning Stocks 15 34 NA 17 Production 392 433 NA 435 Imports 00 N A0 Supply, Total 408 467 NA 452 Feed and Residual 92 85 NA 85 Food, Seed & Industrial 70 15 NA 15 Total Domestic 162 100 NA 100 Exports 212 350 NA 335 Use, Total 374 450 NA 435 Ending Stocks 34 17 NA 17 Avg. Farm Price ($/bu) 2/ 4.28 3.90 - 4.10 NA 3.40 - 4.20 Filler Filler Filler Filler Filler BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.5 3.0 NA 3.3 * Area Harvested (mil. acres) 3.0 2.4 NA 2.8 * Yield (bushels/acre) 71.3 72.4 NA 70.7 * Beginning Stocks 80 82 NA 78 Production 217 177 NA 198 Imports 19 24 NA 25 Supply, Total 316 283 NA 301 Feed and Residual 65 40 NA 60 Food, Seed & Industrial 155 152 NA 153 Total Domestic 219 192 NA 213 Exports 14 14 NA 10 Use, Total 234 205 NA 223 Ending Stocks 82 78 NA 78 Avg. Farm Price ($/bu) 2/ 6.06 5.30 NA 4.10 - 4.90 Filler Filler Filler Filler Filler OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 2.7 NA 2.9 * Area Harvested (mil. acres) 1.0 1.0 NA 1.1 * Yield (bushels/acre) 64.1 67.7 NA 65.5 * Beginning Stocks 36 25 NA 38 Production 65 70 NA 72 Imports 97 107 NA 100 Supply, Total 198 201 NA 210 Feed and Residual 97 85 NA 95 Food, Seed & Industrial 75 77 NA 77 Total Domestic 172 162 NA 172 Exports 22 N A2 Use, Total 173 164 NA 174 Ending Stocks 25 38 NA 36 Avg. Farm Price ($/bu) 2/ 3.75 3.20 NA 2.00 - 2.60 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted av erage price received by farmers. * Plan ted acres reported in the March 31, 2015, "Prospective Plantings." Harvested area - For sorghum, ha rvested acres are based on the 10-year Olympic average harvested-to-planted ratio, 2005-2014. For barley and oats, ha rvested acres are based on the 5-year average harvested-to- planted ratios, 2010-2014. Yield - For sorghum the projected yield is based on the average for 1990-2014 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990-2014 trends. Yields shown reflect production rounding. May 2015 WASDE - 541 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Million Acres Area Planted 2.49 2.94 NA 2.92 * Area Harvested 2.47 2.92 NA 2.90 * Filler Pounds Yield per Harvested Acre 7,694 7,572 NA 7,562 * Million Hundredweight Beginning Stocks 2/ 36.4 31.8 NA 42.9 Production 190.0 221.0 NA 219.0 Imports 23.1 24.0 NA 24.5 Supply, Total 249.5 276.9 NA 286.4 Domestic & Residual 3/ 124.9 129.0 NA 131.0 Exports, Total 4/ 92.7 105.0 NA 108.0 Rough 28.6 36.0 NA 36.0 Milled (rough equiv.) 64.1 69.0 NA 72.0 Use, Total 217.6 234.0 NA 239.0 Ending Stocks 31.8 42.9 NA 47.4 Avg. Milling Yield (%) 5/ 71.00 70.50 NA 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.20 - 13.60 NA 12.30 - 13.30 Total LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 NA 28.1 Production 131.9 162.4 NA 162.0 Supply, Total 7/ 173.3 199.1 NA 211.1 Domestic & Residual 3/ 95.3 98.0 NA 101.0 Exports 8/ 61.8 73.0 NA 76.0 Use, Total 157.1 171.0 NA 177.0 Ending Stocks 16.2 28.1 NA 34.1 Avg. Farm Price ($/cwt) 6/ 15.40 11.80 - 12.20 NA 10.00 - 11.00 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 NA 12.5 Production 58.1 58.7 NA 57.0 Supply, Total 7/ 73.8 75.5 NA 73.0 Domestic & Residual 3/ 29.6 31.0 NA 30.0 Exports 8/ 30.9 32.0 NA 32.0 Use, Total 60.5 63.0 NA 62.0 Ending Stocks 13.3 12.5 NA 11.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.80 - 18.20 NA 17.80 - 18.80 California 10/ 20.70 19.80 - 20.20 NA 20.00 - 21.00 Other States 1/ 15.70 14.80 - 15.20 NA 14.50 - 15.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.3; 2014/15-2.3; 2015/16-2.3. 3/ Residual includes unre ported use, processing losses, and estimating erro rs. Use by type may not add to total rice us e because of the difference in brokens between beginning and ending stocks. 4/ Include s rough rice and milled rice exports. Milled ri ce exports are converted to an equivale nt rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agen cy (FSA) warehouse stored loan data for l ong, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympi c average-- 2010/11-2014/15. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflect s rice that is marketed through price pools in Californ ia. The pool price is not final until all the ri ce in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly pr ices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketin g year beginning October 1. * Planted ac res reported in March 31, 2015, "Prospective Plantings." Harvested acres are estimated using the average ha rvested-to-planted ratios by ri ce class, 2010-2014. Projected y ield is based on linear trend analysis by rice class for the period 1990/91 to 2014/15. May 2015 WASDE - 541 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Filler Filler Filler Filler Filler Million Acres Area Planted 76.8 83.7 NA 84.6 * Area Harvested 76.3 83.1 NA 83.7 * Filler Bushels Yield per Harvested Acre 44.0 47.8 NA 46.0 * Million Bushels Beginning Stocks 141 92 NA 350 Production 3,358 3,969 NA 3,850 Imports 72 30 NA 30 Supply, Total 3,570 4,091 NA 4,230 Crushings 1,734 1,805 NA 1,825 Exports 1,647 1,800 NA 1,775 Seed 97 98 NA 92 Residual 03 8 N A3 8 Use, Total 3,478 3,741 NA 3,729 Ending Stocks 92 350 NA 500 Avg. Farm Price ($/bu) 2/ 13.00 10.05 NA 8.25 - 9.75 Total SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,705 1,165 NA 1,240 Production 4/ 20,130 20,625 NA 21,095 Imports 165 200 NA 175 Supply, Total 22,000 21,990 NA 22,510 Domestic Disappearance 18,958 18,850 NA 19,100 Biodiesel 3/ 5,010 4,800 NA 5,000 Food, Feed & other Industrial 13,949 14,050 NA 14,100 Exports 1,877 1,900 NA 2,000 Use, Total 20,835 20,750 NA 21,100 Ending stocks 1,165 1,240 NA 1,410 Avg. Price (c/lb) 2/ 38.23 32.00 NA 29.50 - 32.50 Total SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. April May Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 NA 300 Production 4/ 40,685 43,400 NA 43,325 Imports 336 350 NA 325 Supply, Total 41,296 44,000 NA 43,950 Domestic Disappearance 29,496 30,900 NA 31,900 Exports 11,550 12,800 NA 11,750 Use, Total 41,046 43,700 NA 43,650 Ending Stocks 250 300 NA 300 Avg. Price ($/s.t.) 2/ 489.94 365.00 NA 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Mark eting year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices : soybeans, marketing year weight ed average price received by farm ers; oil, simple average of c rude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur . 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energ y Information Administration. 4/ Based on an October year crush of 1,825 million bushels for 2014/15 and 1,825 million bus hels for 2015/16. *Planted acres are reported in the March 31, 2015, “Prospective Plantings.” Harvested acres are based on the 5-year average harvested-to-planted ratio. The projected yield is ba sed on a weather adjusted trend model and assumes normal summer weather. (See Westcott and Jewison, Weather Effects on Expected Co rn and Soybean Yields, USDA-E RS, Feed Outlook No. (FDS-13G-01), July 2013, www. ers.usda.gov/publications/fds -feed-outlook/fd s-13g-01.aspx.) May 2015 WASDE - 541 - 16 U.S. Sugar Supply and Use 1/ 2013/14 2014/15 Est. 2014/15 Est. 2015/16 Proj. Apr May May Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 2,158 1,810 1,810 1,607 Production 2/ 8,462 8,645 8,527 8,450 Beet Sugar 4,794 4,870 4,762 4,770 Cane Sugar 3,667 3,775 3,765 3,680 Florida 1,763 1,950 1,975 1,825 Hawaii 168 180 180 190 Louisiana 1,591 1,520 1,520 1,535 Texas 145 125 90 130 Imports 3,742 3,464 3,464 3,810 TRQ 3/ 1,302 1,528 1,528 1,369 Other Program 4/ 305 400 400 315 Other 5/ 2,135 1,536 1,536 2,126 Mexico 2,130 1,526 1,526 2,116 Total Supply 14,361 13,919 13,801 13,867 Exports 306 225 200 200 Deliveries 12,246 11,994 11,994 12,120 Food 6/ 11,819 11,859 11,859 11,985 Other 7/ 427 135 135 135 Miscellaneous 0000 Total Use 12,552 12,219 12,194 12,320 Ending Stocks 1,810 1,700 1,607 1,547 Stocks to Use Ratio 14.4 13.9 13.2 12.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfa ll (99). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and othe r (0). For 2014/15, other high-tier (10) and other (0). For 2015 /16, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexpor t, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2014/15 Est. Apr 831 6,050 174 4,574 1,506 975 2014/15 Est. May 831 6,000 155 4,574 1,506 907 2015/16 Proj. Apr NA NA NA NA NA NA 2015/16 Proj. May 907 6,000 155 4,574 1,821 668 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Mar 2013/14 = 428, Oct-Mar 2014/15 = 444 . Footnote source: Comite Nacional para el Desarollo Sustenta ble de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0). May 2015 WASDE - 541 - 17 U.S. Cotton Supply and Use 1/ 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj. Apr May Filler Filler Filler Filler Filler Area Million Acres Planted 10.41 11.04 NA 9.55 * Harvested 7.54 9.35 NA 8.60 * Filler Pounds Yield per Harvested Acre 821 838 NA 809 * Million 480 Pound Bales Beginning Stocks 3.80 2.45 NA 4.40 Production 12.91 16.32 NA 14.50 Imports 0.01 0.01 NA 0.01 Supply, Total 16.72 18.78 NA 18.91 Domestic Use 3.55 3.65 NA 3.80 Exports, Total 10.53 10.70 NA 10.70 Use, Total 14.08 14.35 NA 14.50 Unaccounted 2/ 0.19 0.03 NA 0.01 Ending Stocks 2.45 4.40 NA 4.40 Avg. Farm Price 3/ 77.9 60.0 NA 50.0 - 70.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Pla nted area from March 31 Prospective Plantings. Harvested area based on the previous 10-year average abandonment by regi on, with the Southwest estimated at 15 percent due to favorable moisture. Yield per harvested acre based on th e previous 3-year average yields by region, with the Southwest adjusted to the 10-year average. May 2015 WASDE - 541 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 176.91 716.82 158.21 132.22 703.76 165.92 189.98 United States 19.54 58.11 4.59 6.06 34.15 32.01 16.07 Total Foreign 157.37 658.72 153.62 126.16 669.60 133.90 173.91 Major Exporters 4/ 20.83 219.37 4.58 57.40 139.51 76.17 29.10 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49 Australia 4.67 26.93 0.15 3.60 6.95 18.62 6.19 Canada 5.05 37.53 0.45 4.20 9.41 23.27 10.35 European Union 5/ 10.82 144.42 3.97 49.50 117.10 32.03 10.07 Major Importers 6/ 83.60 194.10 87.36 33.30 264.91 5.19 94.97 Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.93 18.96 20.69 4.92 36.10 0.49 11.99 N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55 Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17 Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.86 0.89 3.45 Selected Other 0.00 India 24.20 93.51 0.03 4.80 93.85 6.05 17.83 FSU-12 13.92 103.87 7.41 22.75 72.98 37.15 15.08 Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 2014/15 Est. Beginning Stocks Produ ction ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 189.98 726.45 159.97 141.37 715.46 163.70 200.97 United States 16.07 55.13 4.08 4.35 32.57 23.41 19.31 Total Foreign 173.91 671.32 155.89 137.02 682.89 140.30 181.67 Major Exporters 4/ 29.10 222.25 6.47 64.60 147.98 80.50 29.34 Argentina 2.49 12.50 0.04 0.30 6.35 5.50 3.18 Australia 6.19 24.00 0.15 3.80 7.20 17.00 6.14 Canada 10.35 29.30 0.48 6.00 11.33 23.50 5.30 European Union 5/ 10.07 156.45 5.80 54.50 123.10 34.50 14.72 Major Importers 6/ 94.97 196.51 85.24 36.13 269.88 8.24 98.60 Brazil 1.89 6.00 6.40 0.30 11.30 1.80 1.19 China 60.27 126.17 1.50 23.00 124.00 1.00 62.94 Sel. Mideast 7/ 11.99 17.42 22.84 5.05 36.56 1.53 14.15 N. Africa 8/ 13.55 16.90 24.65 2.28 42.70 0.55 11.85 Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22 Southeast Asia 9/ 3.45 0.00 18.70 3.81 17.77 0.89 3.49 Selected Other 0.00 India 17.83 95.85 0.05 4.50 93.83 3.40 16.50 FSU-12 15.08 112.73 7.71 24.63 75.93 39.56 20.04 Russia 5.18 59.08 0.35 13.00 35.50 21.50 7.61 Kazakhstan 1.99 13.00 0.60 2.00 6.80 6.00 2.78 Ukraine 3.67 24.75 0.05 4.00 12.00 11.50 4.97 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2015 WASDE - 541 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 200.97 718.93 153.61 136.06 716.59 156.95 203.32 United States Apr NA NA NA NA NA NA NA May 19.31 56.81 3.81 4.90 33.18 25.17 21.58 Total Foreign Apr NA NA NA NA NA NA NA May 181.67 662.12 149.80 131.16 683.41 131.77 181.74 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 29.34 217.29 5.64 63.00 146.68 78.70 26.89 Argentina Apr NA NA NA NA NA NA NA May 3.18 12.00 0.03 0.10 6.15 7.20 1.86 Australia Apr NA NA NA NA NA NA NA May 6.14 26.00 0.15 3.90 7.33 18.50 6.46 Canada Apr NA NA NA NA NA NA NA May 5.30 29.00 0.46 4.50 9.70 20.50 4.56 European Union 5/ Apr NA NA NA NA NA NA NA May 14.72 150.29 5.00 54.50 123.50 32.50 14.01 Major Importers 6/ Apr NA NA NA NA NA NA NA May 98.60 203.80 81.75 32.82 269.40 6.84 107.91 Brazil Apr NA NA NA NA NA NA NA May 1.19 6.50 6.50 0.60 11.60 1.00 1.59 China Apr NA NA NA NA NA NA NA May 62.94 130.00 1.20 20.00 121.50 1.00 71.64 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 14.15 17.89 21.05 4.55 37.00 0.83 15.26 N. Africa 8/ Apr NA NA NA NA NA NA NA May 11.85 19.91 24.10 2.68 43.93 0.55 11.39 Pakistan Apr NA NA NA NA NA NA NA May 3.22 25.00 0.10 1.00 24.60 1.00 2.72 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 3.49 0.00 18.60 3.34 17.63 0.89 3.58 Selected Other India Apr NA NA NA NA NA NA NA May 16.50 90.00 0.50 4.80 94.60 0.50 11.90 FSU-12 Apr NA NA NA NA NA NA NA May 20.04 103.38 7.27 23.13 75.44 36.91 18.34 Russia Apr NA NA NA NA NA NA NA May 7.61 53.50 0.35 12.50 35.50 20.00 5.96 Kazakhstan Apr NA NA NA NA NA NA NA May 2.78 12.50 0.40 2.00 6.80 6.00 2.88 Ukraine Apr NA NA NA NA NA NA NA May 4.97 22.00 0.05 3.50 11.70 10.50 4.82 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2015 WASDE - 541 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 167.72 1,281.36 155.94 736. 20 1,238.30 164.43 210.78 United States 23.53 367.09 3.23 133.47 305.11 54.42 34.31 Total Foreign 144.19 914.27 152.71 602.73 933.19 110.01 176.47 Major Exporters 4/ 21.81 175.04 1.76 81.41 111.55 56.49 30.56 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27 Australia 0.85 12.45 0.00 3.69 5.36 6.92 1.02 Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26 Canada 3.08 28.75 0.54 15.19 22.45 5.29 4.63 Major Importers 5/ 33.82 250.19 112.99 258.47 341.03 10.97 45.00 European Union 6/ 13.08 159.02 16.24 122.36 164.11 8.63 15.61 Japan 0.98 0.19 17.50 12.78 17.64 0.00 1.03 Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58 N. Afr & Mideast 7/ 10.24 31.49 30.66 50.43 57.99 0.30 14.10 Saudi Arabia 3.39 0.36 11.69 10.53 10.95 0.00 4.49 Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90 South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.80 40.07 55.93 30.85 6.67 Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.34 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 210.78 1,284.78 156.07 762. 51 1,267.76 163.28 227.81 United States 34.31 377.12 3.24 138.07 309.41 55.58 49.69 Total Foreign 176.47 907.66 152.83 624.44 958.35 107.70 178.12 Major Exporters 4/ 30.56 157.88 2.80 81.90 112.39 52.62 26.23 Argentina 3.27 32.02 0.01 9.17 14.43 18.01 2.85 Australia 1.02 11.54 0.00 3.41 5.09 6.63 0.84 Brazil 19.26 80.60 1.13 50.20 59.93 23.54 17.52 Canada 4.63 21.92 1.56 13.80 21.15 3.70 3.25 Major Importers 5/ 45.00 255.92 104.56 261.67 345.36 13.30 46.82 European Union 6/ 15.61 168.28 8.28 120.78 163.07 11.90 17.20 Japan 1.03 0.17 17.79 13.08 17.94 0.00 1.05 Mexico 3.58 31.94 10.30 24.42 41.94 0.51 3.38 N. Afr & Mideast 7/ 14.10 26.88 32.51 51.48 59.44 0.11 13.93 Saudi Arabia 4.49 0.36 11.65 11.45 11.93 0.00 4.57 Southeast Asia 8/ 3.90 27.97 10.04 28.29 36.29 0.80 4.82 South Korea 1.88 0.21 9.69 8.05 10.32 0.00 1.46 Selected Other 0.00 China 78.26 222.17 19.65 173.10 239.15 0.05 80.88 FSU-12 6.67 91.45 0.84 43.73 59.99 31.07 7.90 Russia 1.80 40.39 0.16 21.78 32.14 7.61 2.59 Ukraine 3.34 39.35 0.06 12.65 16.39 22.69 3.66 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. May 2015 WASDE - 541 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 227.81 1,277.31 155.20 774. 93 1,280.71 158.44 224.41 United States Apr NA NA NA NA NA NA NA May 49.69 362.81 3.13 139.91 311.61 57.03 47.00 Total Foreign Apr NA NA NA NA NA NA NA May 178.12 914.50 152.07 635.02 969.10 101.41 177.41 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.23 161.52 2.85 85.76 116.35 53.37 20.88 Argentina Apr NA NA NA NA NA NA NA May 2.85 33.75 0.01 9.58 15.04 19.31 2.26 Australia Apr NA NA NA NA NA NA NA May 0.84 12.28 0.00 3.89 5.57 6.73 0.83 Brazil Apr NA NA NA NA NA NA NA May 17.52 77.58 1.20 52.09 61.84 22.02 12.44 Canada Apr NA NA NA NA NA NA NA May 3.25 23.85 1.54 14.58 21.91 3.80 2.93 Major Importers 5/ Apr NA NA NA NA NA NA NA May 46.82 254.16 104.17 266.79 350.65 11.62 42.87 European Union 6/ Apr NA NA NA NA NA NA NA May 17.20 159.82 12.26 120.73 163.13 10.31 15.85 Japan Apr NA NA NA NA NA NA NA May 1.05 0.17 17.59 12.88 17.74 0.00 1.07 Mexico Apr NA NA NA NA NA NA NA May 3.38 31.98 10.63 24.97 42.54 0.50 2.94 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 13.93 32.49 28.87 54.33 62.29 0.17 12.84 Saudi Arabia Apr NA NA NA NA NA NA NA May 4.57 0.25 11.03 11.75 12.15 0.00 3.69 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 4.82 29.11 9.32 29.76 37.87 0.64 4.74 South Korea Apr NA NA NA NA NA NA NA May 1.46 0.20 10.09 8.14 10.42 0.00 1.33 Selected Other China Apr NA NA NA NA NA NA NA May 80.88 234.50 19.15 174.03 242.38 0.08 92.08 FSU-12 Apr NA NA NA NA NA NA NA May 7.90 82.16 0.82 43.33 59.61 24.99 6.27 Russia Apr NA NA NA NA NA NA NA May 2.59 37.30 0.16 21.35 31.80 6.11 2.14 Ukraine Apr NA NA NA NA NA NA NA May 3.66 33.33 0.06 12.40 16.01 18.18 2.86 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. May 2015 WASDE - 541 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 136.51 990.64 123.76 573.72 953.35 131.07 173.80 United States 20.86 351.27 0.91 127.87 293.05 48.70 31.29 Total Foreign 115.66 639.36 122.85 445.85 660.30 82.36 142.51 Major Exporters 4/ 16.12 120.98 0.80 57.20 75.30 40.07 22.53 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41 Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97 South Africa 0.66 14.98 0.01 5.40 11.50 2.00 2.15 Major Importers 5/ 12.27 120.27 76.03 133.36 185.52 4.44 18.62 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.66 15.92 58.00 76.50 2.40 6.82 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69 Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89 South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86 Selected Other 0.00 Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.46 18.57 21.34 24.81 3.22 Ukraine 1.19 30.90 0.07 8.50 9.90 20.00 2.25 2014/15 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 173.80 996.12 115.45 597.22 977.42 121.03 192.50 United States 31.29 361.09 0.64 133.36 299.65 46.36 47.02 Total Foreign 142.51 635.03 114.81 463.87 677.77 74.67 145.49 Major Exporters 4/ 22.53 113.80 0.83 59.30 77.60 39.20 20.36 Argentina 1.41 24.50 0.01 6.10 9.40 15.00 1.51 Brazil 18.97 78.00 0.80 48.00 57.00 23.50 17.27 South Africa 2.15 11.30 0.03 5.20 11.20 0.70 1.58 Major Importers 5/ 18.62 131.73 64.70 138.00 190.98 4.30 19.78 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.82 73.67 8.00 58.50 77.50 3.00 7.99 Japan 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico 2.69 24.00 10.00 16.80 33.55 0.50 2.64 Southeast Asia 7/ 3.89 27.91 10.00 28.20 36.20 0.79 4.81 South Korea 1.86 0.08 9.60 8.00 10.10 0.00 1.44 Selected Other 0.00 Canada 1.60 11.50 1.50 7.50 12.80 0.50 1.30 China 77.32 215.67 3.00 158.00 216.00 0.03 79.96 FSU-12 3.22 43.47 0.47 20.22 23.04 20.72 3.40 Ukraine 2.25 28.45 0.05 9.00 10.40 18.00 2.35 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. May 2015 WASDE - 541 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NA NA May 192.50 989.83 118.76 610.32 990.40 120.90 191.94 United States Apr NA NA NA NA NA NA NA May 47.02 346.22 0.64 134.63 301.26 48.26 44.35 Total Foreign Apr NA NA NA NA NA NA NA May 145.49 643.61 118.12 475.70 689.14 72.64 147.59 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 20.36 113.50 0.83 62.00 80.40 39.00 15.29 Argentina Apr NA NA NA NA NA NA NA May 1.51 25.00 0.01 6.50 10.00 15.50 1.02 Brazil Apr NA NA NA NA NA NA NA May 17.27 75.00 0.80 50.00 59.00 22.00 12.07 South Africa Apr NA NA NA NA NA NA NA May 1.58 13.50 0.03 5.50 11.40 1.50 2.20 Major Importers 5/ Apr NA NA NA NA NA NA NA May 19.78 127.11 69.10 141.45 194.58 3.65 17.77 filler filler filler filler filler filler filler Egypt Apr NA NA NA NA NA NA NA May 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Apr NA NA NA NA NA NA NA May 7.99 68.34 12.00 59.50 78.50 2.50 7.33 Japan Apr NA NA NA NA NA NA NA May 0.55 0.00 15.20 10.70 15.20 0.00 0.55 Mexico Apr NA NA NA NA NA NA NA May 2.64 23.50 10.30 17.15 33.95 0.50 1.99 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 4.81 29.06 9.30 29.70 37.80 0.64 4.74 South Korea Apr NA NA NA NA NA NA NA May 1.44 0.08 10.00 8.10 10.20 0.00 1.32 Selected Other Canada Apr NA NA NA NA NA NA NA May 1.30 12.30 1.50 8.00 13.35 0.50 1.25 China Apr NA NA NA NA NA NA NA May 79.96 228.00 3.00 160.00 220.00 0.05 90.91 FSU-12 Apr NA NA NA NA NA NA NA May 3.40 41.66 0.49 20.54 23.41 18.68 3.46 Ukraine Apr NA NA NA NA NA NA NA May 2.35 26.00 0.05 9.00 10.40 16.00 2.00 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2015 WASDE - 541 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 110.64 477.89 38.36 481.21 41.73 107.32 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 109.48 471.77 37.63 477.21 38.74 106.30 Major Exporters 4/ 39.61 161.86 0.63 134.66 30.64 36.81 India 25.44 106.54 0.00 99.18 10.15 22.65 Pakistan 0.50 6.70 0.03 2.60 3.20 1.43 Thailand 12.81 20.46 0.30 10.88 10.97 11.72 Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.30 12.43 76.99 1.10 11.15 Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.92 1.53 3.25 0.24 1.15 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70 Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.69 0.37 C. Amer & Carib 8/ 0.52 1.72 1.42 3.17 0.01 0.48 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.42 0.00 0.90 2014/15 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 107.32 475.69 41.00 484.59 43.68 98.41 United States 1.03 7.07 0.76 4.13 3.36 1.37 Total Foreign 106.30 468.62 40.24 480.47 40.32 97.04 Major Exporters 4/ 36.81 156.20 0.73 135.15 31.70 26.88 India 22.65 102.50 0.00 99.35 10.20 15.60 Pakistan 1.43 6.90 0.03 2.80 3.80 1.76 Thailand 11.72 18.75 0.30 11.10 11.00 8.67 Vietnam 1.00 28.05 0.40 21.90 6.70 0.85 Major Importers 5/ 11.15 64.81 14.64 78.39 1.28 10.93 Brazil 0.66 8.30 0.60 7.90 1.00 0.66 European Union 6/ 1.15 1.88 1.55 3.27 0.25 1.07 Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 12.20 1.60 13.20 0.00 2.30 Sel. Mideast 7/ 1.29 1.95 4.21 6.26 0.00 1.19 Selected Other 0.00 Burma 0.37 12.60 0.00 10.70 1.85 0.42 C. Amer & Carib 8/ 0.48 1.75 1.54 3.29 0.01 0.46 China 46.81 144.50 4.40 148.40 0.40 46.91 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.70 8.31 0.08 3.26 Mexico 0.15 0.16 0.78 0.89 0.00 0.19 South Korea 0.90 4.24 0.47 4.45 0.00 1.16 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. May 2015 WASDE - 541 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2015/16 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 98.41 482.10 39.55 488.98 42.40 91.54 United States Apr NA NA NA NA NA NA filler filler filler filler filler filler May 1.37 6.95 0.78 4.17 3.43 1.50 Total Foreign Apr NA NA NA NA NA NA filler filler filler filler filler filler May 97.04 475.15 38.77 484.81 38.97 90.03 Major Exporters 4/ Apr NA NA NA NA NA NA May 26.88 158.90 0.82 135.85 30.00 20.75 India Apr NA NA NA NA NA NA May 15.60 104.00 0.00 99.50 8.50 11.60 filler filler filler filler filler filler Pakistan Apr NA NA NA NA NA NA May 1.76 6.90 0.02 2.95 3.80 1.93 Thailand Apr NA NA NA NA NA NA May 8.67 19.80 0.30 11.40 11.00 6.37 Vietnam Apr NA NA NA NA NA NA May 0.85 28.20 0.50 22.00 6.70 0.85 Major Importers 5/ Apr NA NA NA NA NA NA May 10.93 65.34 13.47 78.20 1.18 10.35 Brazil Apr NA NA NA NA NA NA filler filler filler filler filler filler May 0.66 8.30 0.70 7.95 0.90 0.81 European Union 6/ Apr NA NA NA NA NA NA May 1.07 1.90 1.55 3.28 0.23 1.00 Indonesia Apr NA NA NA NA NA NA May 4.45 36.65 1.10 38.65 0.00 3.55 Nigeria Apr NA NA NA NA NA NA May 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Apr NA NA NA NA NA NA May 2.30 12.40 1.30 13.25 0.00 2.75 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.19 1.98 4.45 6.35 0.00 1.27 Selected Other Burma Apr NA NA NA NA NA NA May 0.42 12.80 0.00 10.80 2.00 0.42 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.46 1.74 1.56 3.31 0.01 0.44 China Apr NA NA NA NA NA NA May 46.91 146.00 4.70 151.00 0.40 46.21 Egypt Apr NA NA NA NA NA NA May 0.91 4.60 0.03 4.00 0.40 1.13 Japan Apr NA NA NA NA NA NA May 3.26 7.90 0.70 8.38 0.08 3.41 Mexico Apr NA NA NA NA NA NA May 0.19 0.17 0.79 0.91 0.00 0.23 South Korea Apr NA NA NA NA NA NA May 1.16 4.10 0.41 4.36 0.00 1.31 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. May 2015 WASDE - 541 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2013/14 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 90.48 120.43 40.08 109.05 40.02 -0.51 102.43 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.68 107.52 40.07 105.50 29.49 -0.71 99.98 Major Exporters 4/ 26.16 57.00 1.36 32.16 25.79 -0.83 27.40 Central Asia 5/ 2.75 6.55 3 / 2.36 4.26 0.00 2.69 Afr. Fr. Zone 6/ 1.30 4.36 3 / 0.15 4.13 0.00 1.38 S. Hemis 7/ 9.73 14.06 0.29 5.30 7.76 -0.34 11.35 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 12.05 31.00 0.68 23.35 9.26 -0.50 11.62 Major Importers 8/ 58.70 47.23 36.38 68.83 2.64 0.12 70.72 Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50 2014/15 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 102.43 119.28 33.74 111.45 33.81 -0.08 110.25 United States 2.45 16.32 0.01 3.65 10.70 0.03 4.40 Total Foreign 99.98 102.96 33.73 107.80 23.11 -0.11 105.85 Major Exporters 4/ 27.40 52.89 1.63 32.88 19.56 -0.23 29.70 Central Asia 5/ 2.69 6.16 3 / 2.41 3.59 0.00 2.85 Afr. Fr. Zone 6/ 1.38 4.82 3 / 0.14 4.12 0.00 1.94 S. Hemis 7/ 11.35 11.08 0.18 4.98 7.62 -0.24 10.25 Australia 1.81 2.20 3 / 0.04 2.80 -0.10 1.27 Brazil 7.67 7.00 0.05 3.90 4.00 -0.15 6.97 India 11.62 30.00 1.10 24.50 3.90 0.00 14.32 Major Importers 8/ 70.72 46.94 29.84 70.43 2.63 0.12 74.33 Mexico 0.58 1.37 0.83 1.85 0.16 0.03 0.74 China 62.71 30.00 7.70 35.00 0.08 0.00 65.33 European Union 9/ 0.53 1.63 0.87 0.87 1.45 0.03 0.67 Turkey 1.36 3.20 3.55 6.20 0.28 0.00 1.63 Pakistan 2.48 10.60 0.80 10.75 0.55 0.03 2.55 Indonesia 0.60 0.02 3.35 3.30 0.01 0.00 0.66 Thailand 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh 1.02 0.12 4.50 4.45 0.00 0.01 1.18 Vietnam 0.50 0.01 4.10 3.85 0.00 0.00 0.75 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2015 WASDE - 541 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2015/16 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Apr NA NA NA NA NA NA NA May 110.25 111.25 33.65 115.29 33.66 -0.10 106.29 United States Apr NA NA NA NA NA NA NA May 4.40 14.50 0.01 3.80 10.70 0.01 4.40 Total Foreign Apr NA NA NA NA NA NA NA May 105.85 96.75 33.64 111.49 22.96 -0.11 101.89 filler filler filler filler filler filler filler Major Exporters 4/ Apr NA NA NA NA NA NA NA May 29.70 51.22 1.64 34.35 19.72 -0.23 28.71 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.85 6.11 3 / 2.56 3.60 0.00 2.81 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.94 4.47 3 / 0.14 4.42 0.00 1.85 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 10.25 10.53 0.29 5.09 6.41 -0.24 9.79 Australia Apr NA NA NA NA NA NA NA May 1.27 2.00 3 / 0.04 2.00 -0.10 1.34 Brazil Apr NA NA NA NA NA NA NA May 6.97 6.75 0.15 4.00 3.60 -0.15 6.42 India Apr NA NA NA NA NA NA NA May 14.32 29.50 0.90 25.75 5.00 0.00 13.97 filler filler filler filler filler filler filler Major Importers 8/ Apr NA NA NA NA NA NA NA May 74.33 42.46 29.66 72.56 2.38 0.12 71.39 Mexico Apr NA NA NA NA NA NA NA May 0.74 1.05 1.00 1.90 0.15 0.03 0.72 China Apr NA NA NA NA NA NA NA May 65.33 27.00 6.00 36.00 0.05 0.00 62.28 European Union 9/ Apr NA NA NA NA NA NA NA May 0.67 1.46 0.85 0.88 1.43 0.03 0.64 Turkey Apr NA NA NA NA NA NA NA May 1.63 2.80 3.60 6.30 0.23 0.00 1.50 Pakistan Apr NA NA NA NA NA NA NA May 2.55 10.00 1.70 11.10 0.50 0.03 2.63 Indonesia Apr NA NA NA NA NA NA NA May 0.66 0.02 3.50 3.40 0.01 0.00 0.78 Thailand Apr NA NA NA NA NA NA NA May 0.21 3 / 1.53 1.50 0.00 0.03 0.21 Bangladesh Apr NA NA NA NA NA NA NA May 1.18 0.13 4.60 4.70 0.00 0.01 1.20 Vietnam Apr NA NA NA NA NA NA NA May 0.75 3 / 4.20 4.10 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Para guay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2015 WASDE - 541 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 56.47 283.25 111.25 240.61 274.64 112.94 63.40 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 52.64 191.86 109.30 193.42 224.79 68.12 60.90 Major Exporters 3/ 36.45 151.80 0.61 75.95 83.47 62.71 42.68 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.13 8.20 0.01 3.35 3.45 4.80 0.08 Major Importers 4/ 13.33 14.72 96.22 91.35 108.52 0.30 15.44 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.40 14.16 0.06 0.28 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23 Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 63.40 317.25 114.15 254.48 291.76 117.50 85.54 United States 2.50 108.01 0.82 49.12 52.83 48.99 9.51 Total Foreign 60.90 209.24 113.33 205.36 238.93 68.51 76.03 Major Exporters 3/ 42.68 165.00 0.31 81.00 89.27 61.73 56.99 Argentina 26.05 58.50 0.00 39.60 44.60 8.00 31.95 Brazil 16.53 94.50 0.30 37.60 40.75 45.65 24.93 Paraguay 0.08 8.50 0.01 3.60 3.70 4.80 0.09 Major Importers 4/ 15.44 15.45 99.69 96.97 114.78 0.31 15.48 China 14.43 12.35 73.50 73.85 85.70 0.20 14.38 European Union 0.28 1.69 12.75 13.55 14.37 0.08 0.27 Japan 0.23 0.23 2.85 1.97 3.04 0.00 0.26 Mexico 0.12 0.36 4.00 4.25 4.29 0.00 0.18 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Expo r ts Endin g Stock s World 2/ Apr NA NA NA NA NA NA NA May 85.54 317.30 119.63 266.22 304.28 121.98 96.22 United States Apr NA NA NA NA NA NA NA May 9.51 104.78 0.82 49.67 53.19 48.31 13.61 Total Foreign Apr NA NA NA NA NA NA NA May 76.03 212.52 118.81 216.56 251.09 73.67 82.61 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 56.99 166.30 0.56 85.30 93.75 66.13 63.97 Argentina Apr NA NA NA NA NA NA NA May 31.95 57.00 0.00 42.50 47.60 8.50 32.85 Brazil Apr NA NA NA NA NA NA NA May 24.93 97.00 0.55 38.50 41.73 49.75 31.00 Paraguay Apr NA NA NA NA NA NA NA May 0.09 8.80 0.01 4.10 4.20 4.60 0.10 Major Importers 4/ Apr NA NA NA NA NA NA NA May 15.48 14.81 104.15 100.66 118.97 0.38 15.08 China Apr NA NA NA NA NA NA NA May 14.38 11.50 77.50 77.10 89.25 0.25 13.88 European Union Apr NA NA NA NA NA NA NA May 0.27 1.90 12.80 13.70 14.53 0.10 0.34 Japan Apr NA NA NA NA NA NA NA May 0.26 0.22 2.85 1.97 3.05 0.00 0.28 Mexico Apr NA NA NA NA NA NA NA May 0.18 0.36 4.05 4.35 4.39 0.00 0.20 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). May 2015 WASDE - 541 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.72 189.01 57.94 185.90 60.00 10.77 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.47 152.10 57.64 159.14 49.52 10.54 Major Exporters 3/ 7.19 62.61 0.03 20.35 41.66 7.82 Argentina 3.74 27.89 0.00 1.80 24.97 4.86 Brazil 3.10 28.08 0.03 14.50 13.95 2.76 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 0.90 14.52 33.88 47.67 0.36 1.27 European Union 0.12 10.59 18.18 28.44 0.30 0.14 Southeast Asia 5/ 0.69 2.44 13.72 15.85 0.06 0.95 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 10.77 200.92 60.50 196.68 64.07 11.44 United States 0.23 39.37 0.32 28.03 11.61 0.27 Total Foreign 10.54 161.55 60.18 168.65 52.46 11.16 Major Exporters 3/ 7.82 65.71 0.03 21.35 44.29 7.93 Argentina 4.86 30.58 0.00 2.11 28.99 4.35 Brazil 2.76 29.13 0.03 14.78 13.95 3.18 India 0.20 6.00 0.01 4.46 1.35 0.40 Major Importers 4/ 1.27 14.82 36.08 50.09 0.46 1.62 European Union 0.14 10.70 19.30 29.44 0.39 0.31 Southeast Asia 5/ 0.95 2.63 14.83 17.25 0.07 1.08 2015/16 Proj. Beginnin g Stock s Pro duction Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 11.44 209.80 63.77 207.13 66.81 11.06 United States Apr NA NA NA NA NA NA May 0.27 39.30 0.30 28.94 10.66 0.27 Total Foreign Apr NA NA NA NA NA NA May 11.16 170.49 63.48 178.19 56.15 10.79 Major Exporters 3/ Apr NA NA NA NA NA NA May 7.93 70.12 0.03 22.66 47.88 7.55 Argentina Apr NA NA NA NA NA NA May 4.35 32.96 0.00 2.30 31.00 4.01 Brazil Apr NA NA NA NA NA NA May 3.18 29.80 0.03 15.25 14.48 3.28 India Apr NA NA NA NA NA NA May 0.40 7.36 0.01 5.11 2.40 0.26 Major Importers 4/ Apr NA NA NA NA NA NA May 1.62 15.10 38.15 52.77 0.48 1.62 European Union Apr NA NA NA NA NA NA May 0.31 10.80 20.10 30.49 0.40 0.32 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.08 2.80 16.10 18.87 0.08 1.04 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. May 2015 WASDE - 541 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2013/14 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.75 44.89 9.35 45.33 9.37 3.30 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.76 9.28 36.73 8.52 2.77 Major Exporters 3/ 0.86 16.29 0.33 10.47 6.24 0.77 Argentina 0.26 6.79 0.01 2.73 4.09 0.24 Brazil 0.40 6.96 0.00 5.77 1.38 0.22 European Union 0.20 2.55 0.33 1.98 0.77 0.32 Major Importers 4/ 1.41 14.22 4.59 18.67 0.22 1.33 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.41 1.40 1.71 0.13 0.12 2014/15 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.30 47.39 9.40 47.06 9.77 3.26 United States 0.53 9.36 0.09 8.55 0.86 0.56 Total Foreign 2.77 38.03 9.31 38.51 8.91 2.70 Major Exporters 3/ 0.77 17.29 0.32 11.01 6.50 0.88 Argentina 0.24 7.50 0.02 2.90 4.53 0.33 Brazil 0.22 7.22 0.00 6.04 1.17 0.22 European Union 0.32 2.58 0.30 2.07 0.80 0.33 Major Importers 4/ 1.33 15.01 4.44 19.46 0.23 1.08 China 0.96 13.23 1.00 14.28 0.10 0.80 India 0.26 1.33 2.00 3.40 0.00 0.19 North Africa 5/ 0.12 0.45 1.44 1.78 0.13 0.09 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 3.26 49.64 10.19 48.94 10.63 3.53 United States Apr NA NA NA NA NA NA May 0.56 9.57 0.08 8.66 0.91 0.64 Total Foreign Apr NA NA NA NA NA NA May 2.70 40.07 10.11 40.27 9.72 2.89 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.88 18.04 0.21 11.04 7.15 0.94 Argentina Apr NA NA NA NA NA NA May 0.33 8.05 0.01 2.96 5.10 0.33 Brazil Apr NA NA NA NA NA NA May 0.22 7.39 0.00 6.12 1.25 0.24 European Union Apr NA NA NA NA NA NA May 0.33 2.60 0.20 1.96 0.80 0.37 Major Importers 4/ Apr NA NA NA NA NA NA May 1.08 15.92 5.25 20.87 0.22 1.15 China Apr NA NA NA NA NA NA May 0.80 13.81 1.30 15.03 0.08 0.80 India Apr NA NA NA NA NA NA May 0.19 1.63 2.45 4.00 0.00 0.27 North Africa 5/ Apr NA NA NA NA NA NA May 0.09 0.48 1.50 1.84 0.14 0.08 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. May 2015 WASDE - 541 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2014 II 6,184 5,504 11,754 9,618 1, 428 11,180 22,934 2,066 52.9 III 6,179 5,424 11,663 9,835 1, 478 11,448 23,111 2,099 51.2 IV 6,021 6,131 12,212 9,814 1, 517 11,459 23,671 2,139 51.0 Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0 2015 I 5,664 6,161 11,883 9,711 1, 429 11,267 23,150 2,058 51.9 II* 6,265 5,825 12,148 10,050 1, 450 11,640 23,788 2,030 53.5 III* 6,230 5,905 12,193 10,250 1, 525 11,915 24,108 2,090 51.5 IV* 6,115 6,505 12,682 10,150 1, 575 11,855 24,537 2,145 51.7 Annual Apr Proj. 24,210 24,240 48,684 40,025 6, 025 46,600 95,284 8,410 210.0 May Proj. 24,274 24,396 48,906 40,161 5, 979 46,677 95,583 8,323 208.6 2016 I* 5,780 6,115 11,951 9,975 1, 480 11,585 23,536 2,102 53.1 Annual Apr Proj. NA NA NA NA NA NA NA NA NA May Proj. 24,505 24,700 49,438 40,975 6, 210 47,740 97,178 8,525 213.6 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2014 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.40 IV 165.60 66.74 102.8 113.9 162.7 22.77 Annual 154.56 76.03 104.9 107.6 142.3 23.97 2015 I 162.43 48.47 97.0 99.6 146.9 17.00 II* 160-164 49-51 103-107 103-107 123-127 16.40-16.70 III* 157-167 50-54 99-105 104-110 116-124 17.20-17.80 IV* 156-170 43-47 96-104 108-116 133-145 17.90-18.80 Annual Apr Proj. 160-167 48-51 97-101 101-107 130-136 17.10-17.60 May Proj. 159-166 48-50 99-103 104-108 130-136 17.10-17.60 2016 I* 155-167 45-49 97-105 98-106 138-150 17.25-18.25 Annual Apr Proj. NA NA NA NA NA NA May Proj. 156-169 44-48 99-107 104-113 128-139 17.45-18.45 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. May 2015 WASDE - 541 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2014 584 24,320 2,947 27,850 2,573 591 24,686 54.2 2015 Proj. Apr 591 24,281 2,910 27,782 2,420 560 24,802 54.1 May 591 24,339 3,116 28,046 2,461 560 25,025 54.6 2016 Proj. Apr NA NA NA NA NA NA NA NA May 560 24,569 2,820 27,949 2,510 560 24,879 53.9 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2014 618 22,861 1,007 24,486 4,858 559 19,069 46.4 2015 Proj. Apr 559 24,253 1,225 26,037 4,750 610 20,677 50.0 May 559 24,414 1,178 26,151 4,865 610 20,676 50.0 2016 Proj. Apr NA NA NA NA NA NA NA NA May 610 24,718 1,020 26,348 5,125 610 20,613 49.5 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2014 1,230 47,441 4,149 52,820 7,438 1,190 44,192 101.9 2015 Proj. Apr 1,190 48,779 4,326 54,295 7,180 1,212 45,903 105.2 May 1,190 49,000 4,487 54,676 7,335 1,209 46,132 105.7 2016 Proj. Apr NA NA NA NA NA NA NA NA May 1,209 49,531 4,030 54,770 7,646 1,208 45,916 104.5 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2014 669 38,137 117 38,923 7,304 680 30,939 83.4 2015 Proj. Apr 680 39,597 116 40,393 6,680 700 33,013 88.3 May 680 39,731 117 40,529 6,804 725 33,000 88.3 2016 Proj. Apr NA NA NA NA NA NA NA NA May 725 40,537 116 41,378 7,215 685 33,478 89.0 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2014 237 5,756 29 6,022 804 193 5,024 15.8 2015 Proj. Apr 193 6,025 28 6,246 720 300 5,226 16.3 May 193 5,979 29 6,201 724 300 5,177 16.1 2016 Proj. Apr NA NA NA NA NA NA NA NA May 300 6,210 28 6,538 790 275 5,473 16.9 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2014 912 44,414 148 45,474 8,218 876 36,379 100.5 2015 Proj. Apr 876 46,171 146 47,193 7,525 1,005 38,663 105.9 May 876 46,247 147 47,270 7,657 1,030 38,583 105.7 2016 Proj. Apr NA NA NA NA NA NA NA NA May 1,030 47,301 146 48,477 8,137 965 39,375 107.2 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,656 2,066 80,572 202.3 2015 Proj. Apr 2,066 94,950 4,472 101,488 14,705 2,217 84,566 211.1 May 2,066 95,247 4,634 101,946 14,992 2,239 84,716 211.4 2016 Proj. Apr NA NA NA NA NA NA NA NA May 2,239 96,832 4,176 103,247 15,783 2,173 85,291 211.7 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2015 WASDE - 541 - 33 U.S. Egg Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Apr May Apr May Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 NA 24.0 Production 8,144.6 8,334.8 8,410.0 8,323.0 NA 8,525.0 Imports 16.9 32.8 32.0 31.4 NA 44.0 Total Supply 8,182.3 8,390.6 8,465.3 8,377.7 NA 8,593.0 Use Exports 371.9 395.4 405.0 389.3 NA 396.0 Hatching Use 964.8 980.7 1,000.0 1,001.4 NA 1,012.0 Ending Stocks 23.0 23.3 23.0 24.0 NA 25.0 Disappearance Total 6,822.6 6,991.2 7,037.3 6,963.0 NA 7,160.0 Per Capita (number) 258.7 263.3 263.0 260.3 NA 265.8 Total U.S. Milk Supply and Use Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Apr May Apr May Milk Billion Pounds Production 201.2 206.0 210.0 208.6 NA 213.6 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 12.2 11.2 11.2 11.2 NA 11.3 Marketings 200.3 205.1 209.0 207.6 NA 212.6 Imports 3.7 4.3 4.4 4.8 NA 4.3 Total Cml. Supply 216.2 220.6 224.6 223.6 NA 228.3 Fat Basis Use Commercial Exports 12.4 12.5 10.7 10.8 NA 11.5 Ending Commercial Stocks 11.2 11.2 11.4 11.3 NA 11.8 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 192.6 196.9 202.5 201.5 NA 205.0 Skim-solid Basis Supply Beg. Commercial Stocks 12.4 11.7 13.1 13.1 NA 12.5 Marketings 200.3 205.1 209.0 207.6 NA 212.6 Imports 5.3 5.6 5.5 5.7 NA 5.6 Total Cml. Supply 217.9 222.3 227.6 226.4 NA 230.7 Skim-solid Basis Use Commercial Exports 38.5 39.2 36.5 37.8 NA 39.1 Ending Commercial Stocks 11.7 13.1 12.9 12.5 NA 12.9 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 167.7 170.1 178.2 176.2 NA 178.8 Total Note: Totals may not add due to rounding. May 2015 WASDE - 541 - 34 U.S. Dairy Prices Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj. Apr May Apr May Product Prices 1/ Dollars Pe r Pound Cheese 1.7683 2.1551 1.625- 1.6751.615- 1.665NA 1.610- 1.710 Butter 1.5451 2.1361 1.705- 1.7851.810- 1.890NA 1.725- 1.855 Nonfat Dry Milk 1.7066 1.7682 1.090- 1.1301.025- 1.065NA 1.215- 1.285 Dry Whey 0.5902 0.6538 0.490- 0.5200.475- 0.505NA 0.515- 0.545 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.99 22.34 16.20- 16.7016.05- 16.55NA 16.20- 17.20 Class IV 19.05 22.09 14.45- 15.0514.35- 14.95NA 15.60- 16.70 All Milk 3/ 20.05 23.97 17.10- 17.6017.10- 17.60NA 17.45- 18.45 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. May 2015 WASDE - 541 - 35 Note: Tables on pages 35-37 present a record of the May projecti on and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The aver age difference between the May projection and the final estimate is 16.3 million tons, ranging from 1.7 million to 35.0 million tons. The May projection has been below the estimate 20 times and above 14 times. Reliability of May Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 3.2 5.4 16.3 1.7 35.0 20 14 U.S. 6.6 11.3 3.0 0.0 9.8 18 16 Forei gn 3.4 5.7 15.0 1.6 32.9 19 15 Exports Worl d 6.1 10.3 5.8 0.1 17.6 23 11 U.S. 12.4 21.1 3.1 0.0 10.2 19 14 Forei gn 7.0 11.9 5.3 0.4 17.8 24 10 Domestic Use Worl d 2.2 3.7 9.7 0.3 28.0 22 12 U.S. 7.5 12.7 1.9 0.2 6.4 17 17 Forei gn 2.2 3.7 9.2 0.2 24.7 23 11 Ending Stocks Worl d 10.4 17.6 12.1 0.3 34.1 21 13 U.S. 21.4 36.3 3.6 0.1 14.1 18 16 Forei gn 10.5 17.9 10.2 2.5 28.3 20 14 COARSE GRAINS 2/ Production Worl d 3.9 6.6 26.8 1.1 103.6 16 18 U.S. 14.8 25.1 21.6 0.9 103.8 17 17 Forei gn 2.8 4.8 14.1 0.2 42.8 15 19 Exports Worl d 7.8 13.3 7.5 1.3 17.9 23 11 U.S. 28.8 48.8 8.4 0.1 29.5 14 20 Forei gn 14.3 24.3 6.5 0.3 20.8 23 11 Domestic Use Worl d 2.1 3.5 14.9 0.4 68.4 17 17 U.S. 6.3 10.7 8.4 0.2 38.4 21 13 Forei gn 2.0 3.5 11.2 0.5 32.8 17 17 Ending Stocks Worl d 21.1 35.8 22.9 2.6 71.4 20 14 U.S. 58.5 99.2 18.1 1.3 57.6 15 19 Forei gn 17.8 30.2 11.6 0.0 33.8 22 12 RICE, milled Production Worl d 2.5 4.2 7.0 0.0 21.8 20 14 U.S. 7.1 12.0 0.3 0.0 1.0 20 14 Forei gn 2.5 4.3 7.0 0.4 22.0 20 14 Exports Worl d 9.9 16.9 1.6 0.1 7.5 26 8 U.S. 12.2 20.7 0.3 0.0 1.0 19 11 Forei gn 10.7 18.1 1.5 0.2 7.1 26 8 Domestic Use Worl d 2.0 3.4 5.0 0.0 19.4 24 10 U.S. 9.6 16.3 0.2 0.0 0.6 13 20 Forei gn 2.0 3.4 5.0 0.2 20.0 25 9 Ending Stocks Worl d 14.6 24.8 5.2 0.1 17.0 23 11 U.S. 34.3 58.2 0.3 0.0 0.9 19 13 Forei gn 16.1 27.3 5.2 0.1 16.7 23 11 1/ Footnotes at end of table. CONTINUED May 2015 WASDE - 541 - 36 Reliability of May Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 11.4 1.4 23.1 3 3 U.S. 9.0 15.3 4.4 0.0 12.0 16 18 Foreign NA NA 8.3 1.3 16.9 5 1 Exports World NA NA 5.9 0.6 10.6 5 1 U.S. 16.2 27.4 3.1 0.0 6.8 19 14 Foreign NA NA 2.7 0.7 4.8 4 2 Domestic Use World NA NA 6.3 1.2 9.5 3 3 U.S. 6.7 11.3 2.1 0.1 7.5 20 14 Foreign NA NA 5.3 0.2 10.0 3 3 Ending Stocks World NA NA 6.7 4.6 11.1 3 3 U.S. 62.5 106.1 2.9 0.2 8.4 10 24 Foreign NA NA 5.9 1.0 12.2 4 2 COTTON Million 480-Pound Bales Production World 6.2 10.5 4.2 0.1 16.7 21 13 U.S. 11.2 19.0 1.6 0.1 5.5 17 17 Foreign 6.3 10.7 3.3 0.1 12.2 20 14 Exports World 10.7 18.1 2.2 0.1 12.4 18 16 U.S. 31.1 52.8 1.4 0.1 3.8 21 13 Foreign 13.8 23.5 1.7 0.1 10.4 18 16 Domestic Use World 4.6 7.8 3.0 0.1 17.2 13 21 U.S. 9.8 16.6 0.6 0.0 1.4 17 16 Foreign 4.6 7.8 2.9 0.0 16.5 15 19 Ending Stocks World 18.7 31.7 6.6 1.0 18.1 24 10 U.S. 45.3 76.8 1.6 0.0 4.3 16 18 Foreign 17.7 30.1 5.5 0.1 17.2 24 10 1/ Marketing years 1981/82 through 2014/15 for grains, soyb eans (U.S. only), and cotton. Marketing years 2009/10 through 2013/14 for global and foreign soybeans. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2015 WASDE - 541 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 15.7 26.7 767 8 4,010 14 20 Exports 30.0 50.8 299 0 1,100 15 18 Domestic Use 6.7 11.4 334 15 1,538 22 12 Ending Stocks 70.3 119.3 652 41 2,091 15 19 SORGHUM Production 20.7 35.1 89 0 228 14 19 Exports 34.0 57.7 47 0 190 16 17 Domestic Use 24.0 40.8 53 0 162 13 20 Ending Stocks 73.4 124.6 52 1 238 12 22 BARLEY Production 14.9 25.2 29 1 206 12 22 Exports 74.2 125.9 15 0 92 17 14 Domestic Use 11.9 20.1 31 0 95 16 17 Ending Stocks 21.7 36.8 24 0 78 15 18 OATS Production 26.0 44.1 34 1 231 8 26 Exports 118.3 200. 71088 1 2 Domestic Use 11.3 19.2 22 5 160 13 21 Ending Stocks 33.8 57.3 18 0 77 10 21 SOYBEAN MEAL Thousand Short Tons Production 6.0 10.1 1,382 0 5,344 20 13 Exports 18.8 32.0 1,042 0 2,750 21 12 Domestic Use 4.7 7.9 872 24 4,950 16 18 Ending Stocks 44.8 76.0 59 0 388 11 15 SOYBEAN OIL Million Pounds Production 5.6 9.5 655 18 2,500 23 11 Exports 37.3 63.3 513 25 1,700 19 15 Domestic Use 4.1 6.9 444 8 1,800 20 14 Ending Stocks 38.3 65.1 476 25 1,702 20 14 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.2 800 40 2,727 14 7 Pork 3.5 6.1 550 61 1,722 13 7 Broilers 2.6 4.5 732 80 1,640 9 12 Turkeys 4.2 7.2 177 2 500 12 9 Million Dozen Eggs 1.4 2.5 83 2 230 13 8 Billion Pounds Milk 1.7 2.9 2.3 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month’s estimate. Calendar years 1982 through 2014 for meats, eggs, and milk. Final for an imal products is defined as the latest annual production estimate published by NASS for 1982-2014. WASDE-541-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-541 – May 12, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 553 Approved by the Worl d Agricultural Outlook Board May 10, 2016 Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2016/17. Also presented are the first ca lendar-year 2017 projections of U.S. livestock, poultry, and dairy products. Due to sp ring planting still underway in the Northern Hemisphere and being several months away in the Southern Hemisphere, these projections are highly t entative. Forecasts for U.S. winter wheat area, yield, and production are from the May 10 Crop Production report. For other U.S. crops, the March 31 Prospective Plantings report is used for planted acreage. Methods used to project 2016/17 harvested acreage and yield are noted in each table.   WHEAT: U.S. wheat supplies for 2016/17 are projected up 6 percent from 2015/16 on higher beginning stocks and imports. All wheat producti on is projected at 1,998 million bushels, down 3 percent. The year- to-year decrease is due to a sharp reduction in planted area that more than offsets increased yields. The all wheat yield is projected at 46.7 bushels per acre , up 7 percent from the previous year. The survey- based forecast for 2016/17 winter wheat production is up with higher yields more than offsetting reduced harvested area. Winter wheat has benefited from excellent spring growing conditions and yields are projected higher for Hard Red Winter, Soft Red Wi nter, and White Winter. Spring wheat and Durum production for 2016/17 is projected to decline 16 percent on lower area, as well as a return to trend yield, which is below last year’s level. Total U.S. wheat use for 2016/17 is projected up 7 perc ent from the previous year on higher exports, feed and residual use, and food use. The 2016/17 exports are projected at 875 million bushels, up 95 million bushels from the previous year’s low level but sti ll well below average. Large supplies in several major competing countries will continue to limit U.S. export s. Feed and residual use is projected up 30 million bushels on increased supplies. U.S. ending stocks are projected to rise 51 million bushels from the elevated 2015/16 total to 1,029 million, the highest since the 1987/88 crop year. The all wheat season- average farm price is projected at $3.70 to $4.50 per bushe l; the mid-point of this range is the lowest in 11 years. Global wheat supplies are projected to rise 2 perc ent from 2015/16 as increased beginning stocks more than offset a decline in production from the previous year’s record. Total wheat production is projected at 727.0 million tons, the second highest total on reco rd. Large crops are expected in most key competing countries and favorable spring growing conditions sugge st that yields will be well above trend in the EU, Russia, and Ukraine. Global wheat c onsumption for 2016/17 is projected slightly higher than in 2015/16 with higher food use more than offsetting a reduct ion in world wheat feeding. Global import demand for 2016/17 is down from last year’s record, but still very large. Global ending stocks for 2016/17 are projected at a record 257.3 million tons, up 14.4 million from 2015/16. COARSE GRAINS: U.S. feed grain supplies for 2016/17 are projected up 4 percent from the 2015/16 record with increases in both beginning stocks and produ ction. Corn production for 2016/17 is projected at 14.4 billion bushels, up 829 mi llion from 2015/16 and 214 million higher than the previous record in 2014/15. A 5.6-million-acre increase in corn plantings more than offsets a small reduction in yield. The U.S. corn yield is projected at 168.0 bushels per ac re, down 0.4 bushels from 2015/16. Corn supplies for 2016/17 are projected at a record 16.3 billion bus hels, up 886 million from 2015/16, which more than offsets projected declines fo r sorghum, barley, and oats. U.S. corn use for 2016/17 is projected at a record 14.1 billion bushels, 4 percent higher than for 2015/16. Feed and residual use for 2016/17 is projected 300 mi llion bushels higher with higher production, lower expected prices, and further expansion in animal num bers in 2016/17. Corn used to produce ethanol is projected 50 million bushels higher than in 2015/16 wi th a reduction in sorghum use for ethanol and higher WASDE-553-2 expected ethanol blending. Exports for 2016/17 ar e projected 175 million bushels higher than this month’s upwardly revised projection for 2015/16. More competitive prices and reduced supplies and competition from Brazil support gains in U.S. expor ts for 2016/17 and 2015/16. U.S. corn ending stocks for 2016/17 are projected at 2.2 billion bushels, up 350 million from the 2015/16 projection. If realized, stocks would be the highest since the mid-1980s; howev er, the stocks-to-use ratio remains far lower than in those years when domestic support policies ball ooned stocks to more than 50 percent of annual usage. The season-average 2016/17 farm price is projected at $3.05 to $3.65 per bushel, down 25 cents at the midpoint from this month’s slightly higher outlook for 2015/16. Global coarse grain supplies for 2016/17 are project ed at a record 1,543.2 million tons, up 41.0 million tons from 2015/16 with nearly half of the increase on larger U.S. beginning stocks and production. Global corn production for 2016/17 is projected at 1,011.1 mil lion tons, up 42.2 million from 2015/16, and just short of the record 1,013.5 million in 2014/15. In a ddition to the projected 21.1-million-ton U.S. increase, 2016/17 corn production is also higher for most of th e world’s major producing countries with production rebounds for South Africa and EU, and higher area in Argentina, Russia, and Ukraine. Brazil corn production for 2016/17 is 1.0 million tons higher than this month’s lowered outlook for 2015/16 as area is expected to decline slightly, but yields rise from those now expected for the 2015/16 crop. Partly offsetting these increases for 2016/17 is a 6.6-milli on-ton reduction for China corn, as changes in support policies and lower domestic prices reduce incentives for corn planting. Global corn consumption for 2016/17 is projected at a record 1,011.9 million tons, 43.0 million tons higher than in 2015/16. The largest increases are for China with consumption projected up 9.5 million tons and the United States with consumption pr ojected up 9.2 million tons. Sma ller increases are projected for EU, Argentina, Brazil, India, Russia, Vi etnam, Mexico, and South Korea. Global corn exports for 2016/17 are higher with incr eases for Argentina, EU, and Ukraine more than offsetting a reduction for Brazil. Corn imports fo r 2016/17 are lower with declines for South Africa, EU, Vietnam, and China partly offset by increases for Mexi co, Turkey, Egypt, Iran, and South Korea. Much of the imbalance in global marketing year imports and ex ports is driven by the timing of Brazil and Argentina exports and the South Africa change from a net impor ter to a net exporter. The 2016/17 local marketing years for these Southern Hemisphere exporting countries do not start until 2017, while the local marketing years for many major importers begin in October 2016. Corn shipments by Southern Hemisphere exporters between October 2015 and February 2016 were strong, appearing as 2014/15 exports, but accounted for as 2015/16 imports. Reduced 2015/16 Braz il second-crop corn limits export prospects between October 2016 and February 2017. As a result , global imports decline in 2016/17 at the same time that U.S. exports expand. Global 2016/17 corn ending stocks are projected at 207.0 million tons, down slightly from the 207.9 million for 2015/16. Lower stocks in China, EU, and Brazil more than offset the projected U.S. increase. RICE: U.S. 2016/17 all rice production is forecast at 231.0 million cwt, up 38.7 million cwt from the previous year and the largest since 2010/11. The increase reflects larger area and a higher yield. Long- grain harvested area is forecast at 2.4 million acres, up 32 percent from the previous year and the largest in six years. Combined medium- and short-grain harvest ed area is forecast at 0.6 million acres, down 17 percent from 2015/16 due to a sharp reduction in southern medium-grain planted area. The yield increase for both classes of rice reflects a return to trend. Total U.S. 2016/17 all rice supplies are forecast to increase 13 percent from the previous year. Long grain supplies are up, while medium- and short-grain supplies are down. U.S. 2016/17 total use is projected at 248.0 million cwt, up 12 percent fr om the previous year with both domestic and residual use and exports projected higher. Long-grain exports for 2016/17 are forecast at 81.0 million cwt, up 12 mill ion from the previous year and the largest in more than a decade. Combined medium- and short-grain exports are forecast at 32.0 million cwt, up 1.0 million cwt from 2015/16. Despite increased domestic use and exports, 2016/17 all rice ending stocks are forecast to rise 7.0 million cwt to 50.4 million. Long-grain stocks are forecast at 38.0 mil lion cwt, up 15.5 million cwt from the previous year and the largest since 1985/86. Combined medium- and short-grain ending stocks are forecast down 8.5 million cwt to 10.5 million. The 2016/17 all rice seas on-average price is forecast at $11.30 to $12.30 per cwt; down $0.60 at the midpoint the previous year. WASDE-553-3 Global 2016/17 rice production is forecast at a record 480.7 million tons and tota l supply at 587.1 million tons, up 2.3 million from the previous year. Total gl obal rice consumption is fore cast at 480.5 million tons, up 2.1 million tons from the previous year’s revised level and a record. Reductions in historical domestic use estimates are made for several countries, most im portantly for China and Thailand, that led to lower global domestic use and increased ending stocks. Worl d exports are forecast at 40.7 million tons, down 0.7 million tons from 2015/16 and the second consecut ive decline. Thailand and India show the largest year-over-year export reductions. Global ending sto cks of 106.7 million tons are up fractionally from 2015/16. OILSEEDS: U.S. oilseed production for 2016/17 is project ed at 112.9 million tons, down 3.1 million from 2015/16 mainly on lower soybean production. Producti on forecasts are also lower for sunflowerseed, canola, and peanuts, but higher for cottonseed. Soybean pr oduction is projected at 3,800 million bushels, down 129 million from the 2015 crop on lower harvested area and trend yields. Supplies are projected at 4,230 million bushels, up 1.9 perc ent from 2015/16 with higher beginning stocks more than offsetting lower production. The U.S. soybean crush for 2016/17 is projected at 1, 915 million bushels, up 35 million from 2015/16. Domestic soybean meal disappearance is projected to increase with expected gains in U.S. meat production. With limited gains for competing exporter s, U.S. soybean meal exports are projected at 12.0 million short tons, up 0.5 million from 2015/16. Soy bean exports are forecast at 1,885 million bushels, up 145 million from the revised 2015/16 projection. Sharpl y reduced stocks in South America this fall will limit competition during the first half of the marketin g year. In addition, limited soybean production gains are projected for the 2016/17 South American harvest in early 2017. With forecasted global soybean import growth of 3.8 percent, the U.S. soybean export share is projected at 37 percent, up slightly from 2015/16 and near the 5-year average. U.S. ending stocks for 2016/17 are forecast at 305 million bushels, down 95 million from the revised 2015/16 projection . The 2016/17 U.S. season-average soybean price range is forecast at $8.35 to $9.85 per bushel com pared with $8.85 per bushel in 2015/16. Soybean meal prices are forecast at $300 to $340 per short ton, compared with $310 per ton for 2015/16. Soybean oil prices are forecast at 30.5 to 33.5 cents per pound compared with 30.0 cents for 2015/16. Global oilseed production for 2016/17 is projected at 533.8 million tons, up 2.1 percent from 2015/16. Global soybean production is projected at 324.2 million tons, up 8.3 millio n with gains for India, Brazil, Ukraine, and Argentina, partly offset by lower U.S. production. The Brazil soybean crop is projected at 103.0 million tons, up 4.0 million on higher area and yi elds. China soybean production is projected higher on increased harvested area as policy changes reduce incentives to plant corn. The Argentina soybean crop is projected at 57.0 million tons, up 0.5 million from the revise d 2015/16 crop. The 2015/16 crop is projected at 56.5 million tons, down 2. 5 million mainly on lower area result ing from flooding in April. Total global oilseed supplies are up less th an 1 percent from 2015/16. With crush projected to increase 2.3 percent, global oilseed ending stocks are projected at 76.9 million tons, down 9.5 percent from 2015/16. Global protein meal consumption is projected to increase 3.2 percent in 2016/17. Protein meal consumption is projected to increase 3.7 percent in China which accounts for 32 percent of global protein consumption gains. Global soybean exports are proj ected at 138.3 million tons, up 4.3 percent from 2015/16. China soybean imports are projected at 87.0 million tons, up 4.0 mil lion from 2015/16. Global vegetable oil consumption is projected at 183.8 millio n tons, up 3.0 percent in 2016/17 led by increases for India, China, and Indonesia. Global vegetable oil ending stocks are projected at 16.9 million tons, down 7.9 percent from 2015/16. SUGAR: Beet sugar production for the 2016/17 October-S eptember fiscal year is projected at 5.090 million short tons, raw value (STRV). Early planti ng of the 2016/17 sugarbeet crop implies above-average yields and a larger proportion of the crop harvested in August and September prior to the start of the coming fiscal year. The estimate for 2015/16 beet s ugar production is raised to 5.064 million STRV. Cane sugar production for 2016/17 is projected at 3. 620 million STRV. Projections for Florida and Louisiana assume trend yields and the same area harvest ed as the previous year. Production in Texas is projected the same as 2015/16, and Hawaii is projec ted at 40,000 STRV for the 3 months of processing before the mill closure at the end of the calendar year. WASDE-553-4 Sugar imports for 2016/17 are projected at 3.479 millio n STRV. Total TRQ imports are projected at 1.531 million STRV, the sum of the WTO TRQs less a shortf all projected at 99,208, as well as imports under several Free Trade Agreements with sugar import prov isions. Re-export imports are projected at 175,000 STRV, imports from Mexico at 1.758 million, and high-tier tariff imports at 15,000. Deliveries for human consumption for 2016/17 are projec ted at 12.080 million STRV, an increase of 0.7 percent relative to 2015/16. The estimate of 2015/16 deliveries is increased by 45,000 STRV to 12.0 million based on share-to-date analysis of deliverie s of sugar processed in the United States and expected direct consumption imports. Mexico sugar production for 2016/17 is projected at 6.1 million metric tons (MT), slightly below the estimate of 6.184 million for 2015/16. Sugar deliver ies for human consumption are projected at 4.398 million MT, slightly above 2015/16. Sugar deliverie s for Mexico’s sugar-containing products export program (IMMEX) are projected at 254,717 MT, the same level now projected for 2015/16 after Mexico cut off duty-free imports from the United States that benefitted from the U.S. re-export import program. Exports to the United States are projected at 1.505 million MT, as per the limit set in the December 2014 Countervailing Duty Suspension Agreement. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. red meat and poultry production in 2017 is projected to be above 2016. Beef production is forecast higher as larger 2015 and 2016 calf crops are expected to support year-over-year increases in cattle placement s in late 2016 and early 2017. Marketings of fed cattle are forecast higher during 2017 while carcass weights are expected to increase with good forage conditions and lower feed costs. Pork production is expected to increase with larger hog supplies and heavier carcass weights. A modest expansion of farrowings is expected during the latter part of 2016 and early 2017, and continued growth in pigs per litter wi ll support larger pig crops. Broiler production is forecast higher as the industry continues its current expansion path. Turkey production will continue to increase during 2017, but not at the rate of growth expected for 2016 when the sector is rebuilding following the outbreak of Highly Pathogenic Avian Influenza (HPAI) in 2015. Egg production for 2017 is forecast to expand as the egg sector continues to recover from the effects of HPAI. The total red meat and poultry production forecast for 2016 is lowered from last month as production forecasts for beef, and poultry are reduced. Pork is raised on the pace of slaughter, but beef production is reduced on lowered first-half carcass weights. Broiler production is adjusted to reflect first quarter data. Turkey production is reduced on a slower expected pa ce of recovery from HPAI. Egg production for 2016 is raised on higher expected first-half production. Red meat and poultry exports are expected to increase in 2017 with expanding production and moderating prices; conversely, imports of beef are expec ted to decline. For 2016, the beef trade forecast is adjusted to reflect March trade data; no change is made to the forecast. The pork export forecast is adjusted to reflect March data; imports are reduced on th e slow pace of trade to date. Broiler exports are forecast weaker on a slower expected pace of recovery in the first half of the year. Turkey exports are adjusted for March data. For 2017, prices of fed cattle, hogs, broilers, and tu rkeys are all forecast below 2016 as supplies of meat are forecast higher. Egg prices are forecast higher on firm demand. As for 2016, the fed cattle price forecast is lowered from last month as prices have w eakened and cattle supplies remain relatively large. The annual average hog price is unchanged from last month. Broiler and turkey prices are forecast higher as prices remain strong with slower expected grow th in production. Egg prices are lowered. Milk production for 2017 is forecast higher as improv ed forage availability and continued favorable feed costs are expected to support gains in milk per cow. Cow numbers are expected to remain near 2016 levels. Commercial exports on both a fat and skim- solids basis are forecast higher as expected tighter world supplies and increasing demand lead to expanded export opportunities. Imports are forecast lower as domestic production increases. With stronger domestic and export demand, cheese, nonfat dry milk (NDM), and whey prices are forecast higher but butter prices are forecast lower. The Class III price is forecast higher on stronger cheese and whey prices, and the Class IV price is forecast higher as a weaker butter price is more than offset by the higher NDM price. The all milk price is forecast higher than 2016 at $15.25 to $16.25 per cwt. WASDE-553-5 Milk production in 2016 is forecast higher than last month, as the cow inventory is expected to expand slightly and growth in milk per cow during the first half of the year is forecast higher. Imports are raised on both a fat and skim-solids basis; exports on a fa t basis are raised but are unchanged on a skim-solids basis. Cheese, butter, and NDM prices are foreca st lower on weaker demand and larger supplies, but whey prices are raised. Both Class III and Class IV prices are reduced. The milk price is forecast lower at $14.60 to $15.10 per cwt. COTTON: A projected 2016/17 U.S. cotton crop of 14.8 million bales is expected to boost next season’s ending stocks well above the beginning level. Production is anticipated to rise 15 percent from 2015/16, based on 9.6 million planted acres as indicated in Prospective Plantings , combined with below-average abandonment, due to relatively favorable moisture, and average yields. Domestic mill use is projected stable at 3.6 million bales, while exports are expected to rise to 10.5 million, on higher available supplies and more marketable qualities. Ending stocks are projecte d at 4.7 million bales, or one-third of total use. The preliminary range for the marketing year average pr ice received by producers is 47.0 to 67.0 cents per pound. For 2015/16, U.S. cotton production is increased margina lly. The export forecast is reduced to 9.0 million bales, reflecting lower-than-anticipated export sales to date, with ending stocks raised accordingly. The world 2016/17 cotton projections show a decline in stocks of more than 6.0 million bales, as consumption exceeds production for the second cons ecutive season. Global production is expected to rise nearly 5 percent, despite marginally lower area, as yields recover from weather and pest pressures that affected crops in 2015/16. Production is forecast to rise mainly in Pakistan, the United States, India, and Turkey, partially offset by a 1.3-million-bale reducti on for China. Global consumption is projected to rise 1.6 percent, as prices overall remain low and mi lls in China gain access to domestic cotton at more competitive prices. Projected world trade is lower ed slightly from 2015/16 as increased production, especially in Pakistan, reduces reliance on imports. E nding stocks are projected at 96.5 million bales, 87 percent of world consumption. Falling China stocks exceed the projected global decline while stocks outside of China show a slight increase. Despite the projected decrease, China stocks are equivalent to nearly 170 percent of China’s total disappearance. Approved by the Secretary of Agriculture and the Chairm an of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was pr epared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE WASDE-553-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Susan Proper, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-553-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 May 2016 WASDE - 553 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2509.91 3030.03 393.78 2455.04 574.99 2015/16 (Est.) 2462.69 3037.68 372.01 2443.81 593.87 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 2506.33 3100.20 375.05 2495.22 604.99 filler filler filler filler filler Wheat 2014/15 726.94 921.13 164.14 704.59 216.54 2015/16 (Est.) 734.05 950.59 166.87 707.68 242.91 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 726.99 969.90 163.92 712.56 257.34 filler filler filler filler filler Coarse Grains 5/ 2014/15 1304.25 1515.83 185.64 1271.76 244.07 2015/16 (Est.) 1258.15 1502.22 163.76 1257.68 244.54 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 1298.63 1543.17 170.48 1302.14 241.03 filler filler filler filler filler Rice, milled 2014/15 478.72 593.06 44.00 478.68 114.38 2015/16 (Est.) 470.49 584.87 41.38 478.44 106.43 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 480.71 587.14 40.66 480.53 106.61 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.16 83.13 347.06 68.98 2015/16 (Est.) 428.85 505.58 76.54 350.57 78.47 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 443.96 530.07 81.61 360.04 88.41 filler filler filler filler filler Wheat 2014/15 55.15 75.28 23.25 31.55 20.48 2015/16 (Est.) 55.84 79.58 21.23 31.74 26.61 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 54.37 84.52 23.81 32.71 27.99 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.96 56.67 311.35 46.95 2015/16 (Est.) 366.90 417.59 52.14 314.98 50.48 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 382.26 436.08 54.21 323.04 58.82 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.21 4.16 1.55 2015/16 (Est.) 6.11 8.41 3.18 3.85 1.38 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 7.34 9.47 3.59 4.29 1.60 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). May 2016 WASDE - 553 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,070.42 2,530.87 310.66 2,107.98 506.02 2015/16 (Est.) 2,033.84 2,532.10 295.47 2,093.24 515.41 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 2,062.37 2,570.13 293.44 2,135.17 516.58 filler filler filler filler filler Wheat 2014/15 671.80 845.85 140.90 673.03 196.06 2015/16 (Est.) 678.21 871.01 145.64 675.94 216.29 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 672.63 885.38 140.10 679.84 229.35 filler filler filler filler filler Coarse Grains 5/ 2014/15 927.01 1,100.87 128.97 960.42 197.12 2015/16 (Est.) 891.25 1,084.64 111.63 942.71 194.06 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 916.37 1,107.09 116.27 979.09 182.21 filler filler filler filler filler Rice, milled 2014/15 471.62 584.15 40.79 474.53 112.83 2015/16 (Est.) 464.38 576.46 38.20 474.59 105.05 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 473.38 577.66 37.07 476.24 105.01 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.07 222.31 35.35 110.12 112.45 2015/16 (Est.) 99.55 212.00 34.17 109.03 102.84 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 104.36 207.20 33.11 110.78 96.48 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.70 2015/16 (Est.) 12.89 16.63 9.00 3.60 4.00 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 14.80 18.81 10.50 3.60 4.70 filler filler filler filler filler Foreign 4/ 2014/15 102.75 203.63 24.11 106.55 108.75 2015/16 (Est.) 86.66 195.37 25.17 105.43 98.84 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 89.56 188.39 22.61 107.18 91.78 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 12 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region. May 2016 WASDE - 553 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.98 614.51 146.98 439.88 92.25 2015/16 (Est.) 522.66 614.91 151.24 450.23 84.95 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 533.82 618.77 156.08 460.66 76.89 filler filler filler filler filler Oilmeals 2014/15 299.63 313.74 85.25 294.48 15.75 2015/16 (Est.) 309.10 324.85 89.26 307.00 15.09 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 317.04 332.13 92.40 316.70 13.37 filler filler filler filler filler Vegetable Oils 2014/15 177.13 198.27 76.59 172.36 20.16 2015/16 (Est.) 179.82 199.98 76.52 178.52 18.31 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 185.49 203.79 78.43 183.85 16.87 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.82 51.14 55.11 6.76 2015/16 (Est.) 116.05 124.06 48.19 54.95 12.81 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 112.92 127.00 52.35 56.27 10.20 filler filler filler filler filler Oilmeals 2014/15 43.27 47.42 12.18 34.95 0.29 2015/16 (Est.) 42.52 47.06 10.73 36.00 0.34 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 43.64 48.28 11.19 36.75 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.13 1.17 13.75 1.21 2015/16 (Est.) 11.12 16.79 1.17 14.12 1.50 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 11.30 17.18 1.33 14.56 1.29 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.95 492.69 95.84 384.78 85.49 2015/16 (Est.) 406.61 490.85 103.06 395.27 72.14 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 420.90 491.77 103.74 404.39 66.69 filler filler filler filler filler Oilmeals 2014/15 256.36 266.32 73.07 259.53 15.46 2015/16 (Est.) 266.58 277.79 78.54 271.01 14.76 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 273.40 283.85 81.22 279.95 13.04 filler filler filler filler filler Vegetable Oils 2014/15 166.20 182.14 75.41 158.61 18.95 2015/16 (Est.) 168.70 183.19 75.34 164.40 16.81 filler filler filler filler filler 2016/17 (Proj.) Apr NA NA NA NAN A 2016/17 (Proj.) May 174.19 186.61 77.10 169.28 15.58 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. May 2016 WASDE - 553 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Million Acres Area Planted 56.8 54.6 NA 49.6 * Area Harvested 46.4 47.1 NA 42.8 * Bushels Yield per Harvested Acre 43.7 43.6 NA 46.7 * Million Bushels Beginning Stocks 590 752 NA 978 Production 2,026 2,052 NA 1,998 Imports 149 120 NA 130 Supply, Total 2,766 2,924 NA 3,106 Food 958 960 NA 963 Seed 79 66 NA 69 Feed and Residual 122 140 NA 170 Domestic, Total 1,159 1,166 NA 1,202 Exports 854 780 NA 875 Use, Total 2,014 1,946 NA 2,077 Ending Stocks 752 978 NA 1,029 Avg. Farm Price ($/bu) 2/ 5.99 4.90 NA 4.50 - 3.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio nBushels 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 831 532 293 141 2,924 Domestic Use 471 283 233 100 78 1,166 Exports 230 250 120 145 35 780 Use, Total 701 533 353 245 113 1,946 Ending Stocks, Total May 425 298 179 48 28 978 Ending Stocks, Total Apr 427 296 178 47 28 976 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. * Planted acre s reported in the March 31, 20 16, "Prospective Plantings." Harvested acres and yield for other spring wheat and Durum are projected using 10-y ear harvested-to-planted ratios by state and 1985-2015 yield trends by state (except for Arizona, California, and Idaho Durum). Winter wheat harvested acres and yield reported in the May 10, 2016,"Crop Production." ****************************************************************************** Wheat-by-class projections for 2016/17 will first be published in the July 12, 2016, WASDE. ****************************************************************************** May 2016 WASDE - 553 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Million Acres Area Planted 103.5 103.1 NA 106.7 * Area Harvested 93.1 93.0 NA 95.9 * Metric Tons Yield per Harvested Acre 4.05 3.94 NA 3.98 Million Metric Tons Beginning Stocks 34.3 46.9 NA 50.4 Production 377.1 366.6 NA 382.1 Imports 3.2 3.5 NA 3.1 Supply, Total 414.5 417.1 NA 435.6 Feed and Residual 139.5 139.0 NA 146.2 Food, Seed & Industrial 171.4 175.5 NA 176.4 Domestic, Total 310.9 314.5 NA 322.6 Exports 56.7 52.1 NA 54.2 Use, Total 367.6 366.6 NA 376.8 Ending Stocks 46.9 50.4 NA 58.8 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Million Acres Area Planted 90.6 88.0 NA 93.6 * Area Harvested 83.1 80.7 NA 85.9 * Bushels Yield per Harvested Acre 171.0 168.4 NA 168.0 * Million Bushels Beginning Stocks 1,232 1,731 NA 1,803 Production 14,216 13,601 NA 14,430 Imports 32 55 NA 40 Supply, Total 15,479 15,387 NA 16,273 Feed and Residual 5,323 5,250 NA 5,550 Food, Seed & Industrial 2/ 6,560 6,610 NA 6,670 Ethanol & by-products 3/ 5,200 5,250 NA 5,300 Domestic, Total 11,883 11,860 NA 12,220 Exports 1,864 1,725 NA 1,900 Use, Total 13,748 13,585 NA 14,120 Ending Stocks 1,731 1,803 NA 2,153 Avg. Farm Price ($/bu) 4/ 3.70 3.50 - 3.70 NA 3.05 - 3.65 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * Planted acres reported in the March 31, 2016, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and use for silage. Projected yield based on a weather adjusted trend model that assumes normal mid-May planting progress and summer weather. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Ex pected Corn and Soybean Yiel ds, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g-01.aspx.) May 2016 WASDE - 553 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 NA 7.2 * Area Harvested (mil. acres) 6.4 7.9 NA 6.3 * Yield (bushels/acre) 67.6 76.0 NA 65.0 * Beginning Stocks 34 18 NA 65 Production 433 597 NA 407 Imports 05 N A1 Supply, Total 467 620 NA 473 Feed and Residual 81 115 NA 100 Food, Seed & Industrial 15 125 NA 100 Total Domestic 96 240 NA 200 Exports 353 315 NA 220 Use, Total 449 555 NA 420 Ending Stocks 18 65 NA 53 Avg. Farm Price ($/bu) 2/ 4.03 3.15 - 3.35 NA 2.85 - 3.45 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 NA 3.1 * Area Harvested (mil. acres) 2.5 3.1 NA 2.7 * Yield (bushels/acre) 72.7 68.9 NA 71.0 * Beginning Stocks 82 79 NA 97 Production 182 214 NA 193 Imports 24 20 NA 20 Supply, Total 287 313 NA 310 Feed and Residual 43 50 NA 50 Food, Seed & Industrial 151 153 NA 153 Total Domestic 194 203 NA 203 Exports 14 13 NA 15 Use, Total 209 216 NA 218 Ending Stocks 79 97 NA 92 Avg. Farm Price ($/bu) 2/ 5.30 5.50 NA 4.30 - 5.10 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 NA 2.8 * Area Harvested (mil. acres) 1.0 1.3 NA 1.0 * Yield (bushels/acre) 67.9 70.2 NA 66.0 * Beginning Stocks 25 54 NA 60 Production 70 90 NA 68 Imports 107 90 NA 95 Supply, Total 202 233 NA 223 Feed and Residual 70 95 NA 90 Food, Seed & Industrial 77 77 NA 78 Total Domestic 147 172 NA 168 Exports 22 N A2 Use, Total 149 174 NA 170 Ending Stocks 54 60 NA 53 Avg. Farm Price ($/bu) 2/ 3.21 2.15 NA 1.70 - 2.10 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; J une 1 for barley and oats. 2 / Marketing-year weighted average price received by farmers. * Planted acres reported in the March 31, 2016, "Prospective Planti ngs." Harvested area - For sorghum, harvested acr es are based on the average harvested-to-planted ratio for 2010-2015, excluding the 2011 low. For barley and oats, harvested acres are based on the 5-year av erage harvested-to-planted ratios, 2011-2015. Yield - For sorgh um the projected yield is based on the average for 1990-2015 excluding year s that are more than 1 standa rd deviation from the mean for the period. For barley and oats , projected yields are based on the 1990-2015 tr ends. Yields shown reflect production rounding. May 2016 WASDE - 553 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Million Acres Area Planted 2.95 2.61 NA 3.06 * Area Harvested 2.93 2.58 NA 3.03 * Filler Pounds Yield per Harvested Acre 7,576 7,470 NA 7,618 * Million Hundredweight Beginning Stocks 2/ 31.8 48.5 NA 43.4 Production 222.2 192.3 NA 231.0 Imports 24.7 23.5 NA 24.0 Supply, Total 278.7 264.4 NA 298.4 Domestic & Residual 3/ 129.9 121.0 NA 135.0 Exports, Total 4/ 100.3 100.0 NA 113.0 Rough 34.0 33.0 NA 35.0 Milled (rough equiv.) 66.3 67.0 NA 78.0 Use, Total 230.2 221.0 NA 248.0 Ending Stocks 48.5 43.4 NA 50.4 Avg. Milling Yield (%) 5/ 70.50 70.00 NA 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.20 - 12.60 NA 11.30 - 12.30 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 NA 22.5 Production 162.7 133.0 NA 181.0 Supply, Total 7/ 200.0 179.5 NA 224.0 Domestic & Residual 3/ 102.7 88.0 NA 105.0 Exports 8/ 70.8 69.0 NA 81.0 Use, Total 173.5 157.0 NA 186.0 Ending Stocks 26.5 22.5 NA 38.0 Avg. Farm Price ($/cwt) 6/ 11.90 10.80 - 11.20 NA 9.50 - 10.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 NA 19.0 Production 59.6 59.3 NA 50.0 Supply, Total 7/ 76.8 83.0 NA 72.5 Domestic & Residual 3/ 27.1 33.0 NA 30.0 Exports 8/ 29.5 31.0 NA 32.0 Use, Total 56.7 64.0 NA 62.0 Ending Stocks 20.2 19.0 NA 10.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.40 - 16.00 NA 15.40 - 16.40 California 10/ 21.60 17.90 - 18.50 NA 17.50 - 18.50 Other States 1/ 14.40 11.10 - 11.70 NA 10.50 - 11.50 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-2.3; 2015/16-1.9; 2016/17-1.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * Planted acres reported in March 31, 2016, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-planted ratios by rice class, 2011-2015. Projected yield is based on linear trend analysis by rice class f or the period 1990/91 to 2015/16. May 2016 WASDE - 553 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 NA 82.2 * Area Harvested 82.6 81.8 NA 81.4 * Filler Bushels Yield per Harvested Acre 47.5 48.0 NA 46.7 * Million Bushels Beginning Stocks 92 191 NA 400 Production 3,927 3,929 NA 3,800 Imports 33 30 NA 30 Supply, Total 4,052 4,150 NA 4,230 Crushings 1,873 1,880 NA 1,915 Exports 1,843 1,740 NA 1,885 Seed 96 95 NA 95 Residual 49 34 NA 30 Use, Total 3,862 3,750 NA 3,925 Ending Stocks 191 400 NA 305 Avg. Farm Price ($/bu) 2/ 10.10 8.85 NA 8.35 - 9.85 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 NA 2,355 Production 4/ 21,399 21,900 NA 22,120 Imports 264 300 NA 250 Supply, Total 22,828 24,055 NA 24,725 Domestic Disappearance 18,959 19,600 NA 20,300 Biodiesel 3/ 5,037 5,500 NA 5,800 Food, Feed & other Industrial 13,923 14,100 NA 14,500 Exports 2,014 2,100 NA 2,400 Use, Total 20,973 21,700 NA 22,700 Ending stocks 1,855 2,355 NA 2,025 Avg. Price (c/lb) 2/ 31.60 30.00 NA 30.50 - 33.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. April May Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 NA 300 Production 4/ 45,062 44,440 NA 45,475 Imports 333 400 NA 325 Supply, Total 45,645 45,100 NA 46,100 Domestic Disappearance 32,235 33,300 NA 33,800 Exports 13,150 11,500 NA 12,000 Use, Total 45,384 44,800 NA 45,800 Ending Stocks 260 300 NA 300 Avg. Price ($/s.t.) 2/ 368.49 310.00 NA 300.00 - 340.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted aver age price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent pr otein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 1,880 million bushels for 2015/ 16 and 1,915 million bushels f or 2016/17. *Planted acres are reported in the March 31, 2016, Prospective Plantings . Harvested acres are based on the 5-year harvested-to-planted ratio. The projected yield is based on a weather-adjusted trend model and assumes normal summer weather. May 2016 WASDE - 553 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2015/16 Est. 2016/17 Proj. Apr May May Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,809 1,815 1,743 Production 2/ 8,656 8,792 8,933 8,710 Beet Sugar 4,893 4,998 5,064 5,090 Cane Sugar 3,763 3,794 3,869 3,620 Florida 1,981 2,091 2,166 1,970 Hawaii 146 165 165 40 Louisiana 1,513 1,423 1,423 1,495 Texas 123 115 115 115 Imports 3,553 3,209 3,231 3,479 TRQ 3/ 1,536 1,595 1,617 1,531 Other Program 4/ 471 300 300 175 Other 5/ 1,546 1,314 1,314 1,773 Mexico 1,532 1,299 1,299 1,758 Total Supply 14,019 13,809 13,978 13,932 Exports 185 100 100 50 Deliveries 12,019 12,090 12,135 12,225 Food 6/ 11,888 11,955 12,000 12,080 Other 7/ 131 135 135 145 Miscellaneous 0000 Total Use 12,204 12,190 12,235 12,275 Ending Stocks 1,815 1,619 1,743 1,657 Stocks to Use Ratio 14.9 13.3 14.2 13.5 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (28). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Apr 811 6,056 70 4,656 1,121 1,160 2015/16 Est. May 811 6,184 70 4,586 1,121 1,358 2016/17 Proj. Apr NA NA NA NA NA NA 2016/17 Proj. May 1,358 6,100 10 4,652 1,515 1,301 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-Mar 2014/15 = 676, Oct- Mar 2015/16 = 680 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (255 est), 2016/17 (255 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). May 2016 WASDE - 553 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Apr May Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 NA 9.56 * Harvested 9.35 8.07 NA 8.80 * Filler Pounds Yield per Harvested Acre 838 766 NA 807 * Million 480 Pound Bales Beginning Stocks 2.35 3.70 NA 4.00 Production 16.32 12.89 NA 14.80 Imports 0.01 0.04 NA 0.01 Supply, Total 18.68 16.63 NA 18.81 Domestic Use 3.58 3.60 NA 3.60 Exports, Total 11.25 9.00 NA 10.50 Use, Total 14.82 12.60 NA 14.10 Unaccounted 2/ 0.16 0.03 NA 0.01 Ending Stocks 3.70 4.00 NA 4.70 Avg. Farm Price 3/ 61.3 58.0 NA 47.00 - 67.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 31, 2016 Prospective Plantings. Harvested area based on 10-year average abandonment by regi on, with the Southwest adjusted to 12 percent to reflect favorable moisture conditions. Yield per harvested acr e based on 3-year average yields by region. May 2016 WASDE - 553 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.18 726.94 158.84 130.82 704.59 164.14 216.54 United States 16.07 55.15 4.07 3.33 31.55 23.25 20.48 Total Foreign 178.12 671.80 154.77 127.49 673.04 140.90 196.06 Major Exporters 4/ 27.39 223.32 6.66 61.85 146.13 81.47 29.78 Argentina 2 . 4 9 1 4 . 0 00 . 0 40 . 3 06 . 3 55 . 3 04 . 8 7 Australia 4.56 23.08 0.16 3.80 7.20 16.59 4.00 Canada 10.41 29.42 0.49 3.75 9.08 24.16 7.08 European Union 5/ 9.94 156.83 5.98 54.00 123.50 35.42 13.82 Major Importers 6/ 100.19 197.40 84.75 29.88 262.21 7.64 112.49 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.13 17.66 21.26 4.45 36.10 1.52 13.44 N. Africa 8/ 13.80 17.01 25.23 2.48 42.65 0.61 12.78 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.73 112.74 7.68 24.65 75.86 40.20 20.08 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 216.54 734.05 164.50 133.89 707.68 166.87 242.91 United States 20.48 55.84 3.27 3.81 31.74 21.23 26.61 Total Foreign 196.06 678.21 161.23 130.08 675.94 145.64 216.29 Major Exporters 4/ 29.78 223.41 7.14 66.50 150.98 80.00 29.35 Argentina 4 . 8 7 1 1 . 3 00 . 0 10 . 1 06 . 1 58 . 5 01 . 5 3 Australia 4.00 24.50 0.15 3.80 7.23 16.50 4.93 Canada 7.08 27.60 0.49 3.60 8.80 22.50 3.86 European Union 5/ 13.82 160.01 6.50 59.00 128.80 32.50 19.03 Major Importers 6/ 112.49 204.32 87.22 25.86 261.49 6.62 135.93 Brazil 0.87 5.54 6.00 0.30 10.20 1.30 0.91 China 76.11 130.19 3.00 10.50 112.00 1.00 96.30 Sel. Mideast 7/ 13.44 18.82 18.97 4.60 37.19 0.54 13.51 N. Africa 8/ 12.78 19.91 27.30 2.28 43.53 0.85 15.62 Pakistan 3.72 25.10 0.03 0.80 24.40 0.60 3.85 Southeast Asia 9/ 3.82 0.00 21.83 6.49 20.78 0.96 3.91 Selected Other India 17.20 86.53 0.50 4.20 88.73 1.00 14.50 FSU-12 20.08 117.60 7.84 25.73 78.03 48.33 19.16 Russia 6.29 61.04 0.80 14.00 37.00 24.50 6.63 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 82 . 1 06 . 9 07 . 5 02 . 6 7 Ukraine 5.18 27.27 0.05 4.50 12.50 15.50 4.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2016 WASDE - 553 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NAN A May 242.91 726.99 160.16 131.06 712.56 163.92 257.34 United States Apr NA NA NA NA NA NAN A May 26.61 54.37 3.54 4.63 32.71 23.81 27.99 Total Foreign Apr NA NA NA NA NA NAN A May 216.29 672.63 156.62 126.44 679.84 140.10 229.35 Major Exporters 4/ Apr NA NA NA NA NA NAN A May 29.35 224.50 6.14 64.20 149.36 80.50 30.13 Argentina Apr NA NA NA NA NA NAN A May 1.53 14.50 0.01 0.10 6.30 8.50 1.23 Australia Apr NA NA NA NA NA NAN A May 4.93 25.00 0.15 4.00 7.46 17.00 5.62 Canada Apr NA NA NA NA NA NAN A May 3.86 28.50 0.49 3.60 8.80 20.00 4.05 European Union 5/ Apr NA NA NA NA NA NAN A May 19.03 156.50 5.50 56.50 126.80 35.00 19.23 Major Importers 6/ Apr NA NA NA NA NA NAN A May 135.93 199.84 85.08 23.79 261.14 6.48 153.23 Brazil Apr NA NA NA NA NA NAN A May 0.91 5.50 5.80 0.30 10.10 1.00 1.11 China Apr NA NA NA NA NA NAN A May 96.30 130.00 3.20 9.50 110.50 1.00 118.00 Sel. Mideast 7/ Apr NA NA NA NA NA NAN A May 13.51 19.41 16.83 4.60 37.97 0.54 11.24 N. Africa 8/ Apr NA NA NA NA NA NAN A May 15.62 14.70 27.90 1.78 44.00 0.84 13.38 Pakistan Apr NA NA NA NA NA NAN A May 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Southeast Asia 9/ Apr NA NA NA NA NA NAN A May 3.91 0.00 21.43 5.92 20.60 0.93 3.81 Selected Other India Apr NA NA NA NA NA NAN A May 14.50 88.00 1.00 4.50 91.95 0.40 11.15 FSU-12 Apr NA NA NA NA NA NAN A May 19.16 115.83 7.47 26.33 78.97 43.63 19.87 Russia Apr NA NA NA NA NA NAN A May 6.63 63.00 0.50 14.50 37.50 24.50 8.13 Kazakhstan Apr NA NA NA NA NA NAN A May 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Ukraine Apr NA NA NA NA NA NAN A May 4.50 24.00 0.05 4.50 12.50 11.50 4.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. May 2016 WASDE - 553 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.59 1,304.25 169.99 752.60 1,271.76 185.64 244.07 United States 34.31 377.23 3.42 139.68 311.35 56.67 46.95 Total Foreign 177.27 927.01 166.58 612.92 960.42 128.97 197.12 Major Exporters 4/ 25.54 168.15 4.74 82.31 112.65 67.52 18.27 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.05 11.65 0.00 2.98 4.66 7.19 0.84 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.81 21.29 3.72 3.34 Major Importers 5/ 44.41 257.87 109.70 264.47 346.40 15.95 49.63 European Union 6/ 15.57 170.76 8.97 121.33 162.50 13.99 18.81 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.17 51.63 59.55 0.09 14.71 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.82 30.69 38.70 1.07 3.90 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 244.07 1,258.15 171.91 764.54 1,257.68 163.76 244.54 United States 46.95 366.90 3.74 139.23 314.98 52.14 50.48 Total Foreign 197.12 891.25 168.17 625.31 942.71 111.63 194.06 Major Exporters 4/ 18.27 164.16 6.36 83.73 113.96 59.44 15.38 Argentina 3.29 35.43 0.01 9.17 14.33 21.41 2.99 Australia 0.84 12.58 0.00 3.39 5.07 7.18 1.18 Brazil 8.21 83.46 1.50 51.09 60.87 26.04 6.27 Canada 3.34 25.66 1.13 14.45 21.95 4.10 4.07 Major Importers 5/ 49.63 243.94 117.86 268.62 350.40 13.74 47.28 European Union 6/ 18.81 151.25 15.50 116.92 157.68 11.79 16.08 Japan 1.71 0.18 16.67 12.81 16.80 0.00 1.76 Mexico 4.86 30.54 12.98 25.32 43.12 1.00 4.26 N. Afr & Mideast 7/ 14.71 33.78 30.01 55.19 63.20 0.27 15.03 Saudi Arabia 3.50 0.24 13.01 12.45 12.85 0.00 3.90 Southeast Asia 8/ 3.90 27.69 15.32 34.06 42.17 0.69 4.05 South Korea 1.89 0.19 10.09 7.89 10.32 0.00 1.85 Selected Other China 102.02 231.78 16.50 167.08 239.43 0.05 110.83 FSU-12 7.44 82.51 0.70 40.58 55.82 29.90 4.92 Russia 2.43 37.43 0.11 20.65 30.14 8.27 1.56 Ukraine 3.29 33.39 0.06 10.65 14.23 20.52 1.99 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. May 2016 WASDE - 553 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NAN A May 244.54 1,298.63 164.90 786.56 1,302.14 170.48 241.03 United States Apr NA NA NA NA NA NAN A May 50.48 382.26 3.34 146.37 323.04 54.21 58.82 Total Foreign Apr NA NA NA NA NA NAN A May 194.06 916.37 161.55 640.19 979.09 116.27 182.21 Major Exporters 4/ Apr NA NA NA NA NA NAN A May 15.38 178.51 2.70 85.88 116.87 63.39 16.33 Argentina Apr NA NA NA NA NA NAN A May 2.99 41.89 0.01 9.78 15.44 26.21 3.24 Australia Apr NA NA NA NA NA NAN A May 1.18 12.36 0.00 3.32 4.99 7.18 1.38 Brazil Apr NA NA NA NA NA NAN A May 6.27 84.61 1.00 52.15 61.93 24.03 5.93 Canada Apr NA NA NA NA NA NAN A May 4.07 26.07 1.07 14.92 22.53 4.45 4.22 Major Importers 5/ Apr NA NA NA NA NA NAN A May 47.28 246.90 118.93 274.93 356.70 13.71 42.70 European Union 6/ Apr NA NA NA NA NA NAN A May 16.08 157.71 13.36 119.75 160.50 12.06 14.59 Japan Apr NA NA NA NA NA NAN A May 1.76 0.17 16.52 12.64 16.63 0.00 1.82 Mexico Apr NA NA NA NA NA NAN A May 4.26 31.23 14.48 26.77 44.67 0.80 4.49 N. Afr & Mideast 7/ Apr NA NA NA NA NA NAN A May 15.03 28.41 32.67 54.96 62.92 0.17 13.02 Saudi Arabia Apr NA NA NA NA NA NAN A May 3.90 0.24 13.01 13.23 13.63 0.00 3.52 Southeast Asia 8/ Apr NA NA NA NA NA NAN A May 4.05 28.86 14.12 35.31 43.32 0.69 3.03 South Korea Apr NA NA NA NA NA NAN A May 1.85 0.21 10.59 8.29 10.77 0.00 1.88 Selected Other China Apr NA NA NA NA NA NAN A May 110.83 225.70 12.20 170.90 246.15 0.03 102.55 FSU-12 Apr NA NA NA NA NA NAN A May 4.92 86.73 0.71 41.70 57.08 30.20 5.09 Russia Apr NA NA NA NA NA NAN A May 1.56 39.38 0.11 21.13 30.78 8.61 1.65 Ukraine Apr NA NA NA NA NA NAN A May 1.99 34.93 0.06 10.95 14.43 20.33 2.21 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. May 2016 WASDE - 553 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.21 1,013.46 125.01 585.71 980.80 141.67 207.88 United States 31.29 361.09 0.80 135.22 301.85 47.36 43.97 Total Foreign 143.92 652.37 124.21 450.49 678.94 94.31 163.90 Major Exporters 4/ 17.58 124.33 2.31 60.10 78.10 54.05 12.07 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.98 6.10 11.80 0.69 2.32 Major Importers 5/ 19.40 134.18 69.18 142.14 193.71 5.88 23.17 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.78 8.65 59.50 77.88 4.03 9.41 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.78 30.60 38.60 1.07 3.89 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 207.88 968.86 132.66 600.82 968.86 121.33 207.87 United States 43.97 345.49 1.40 133.36 301.25 43.82 45.79 Total Foreign 163.90 623.37 131.26 467.47 667.61 77.52 162.08 Major Exporters 4/ 12.07 114.50 4.61 60.50 78.30 44.70 8.17 Argentina 1.91 27.00 0.01 6.00 9.30 18.00 1.61 Brazil 7.84 81.00 1.10 49.00 58.00 26.00 5.94 South Africa 2.32 6.50 3.50 5.50 11.00 0.70 0.62 Major Importers 5/ 23.17 115.77 79.45 143.60 194.99 3.09 20.31 Egypt 2.30 6.00 8.25 12.10 14.50 0.01 2.04 European Union 6/ 9.41 57.98 15.00 56.00 74.01 1.40 6.98 Japan 1.35 0.00 14.70 11.00 14.60 0.00 1.45 Mexico 4.12 24.00 12.00 18.70 35.50 1.00 3.62 Southeast Asia 7/ 3.89 27.64 15.30 34.00 42.10 0.68 4.05 South Korea 1.86 0.08 10.00 7.85 10.10 0.00 1.84 Selected Other 0.00 Canada 1.40 13.60 1.00 8.00 13.40 1.00 1.60 China 100.46 224.58 2.00 153.50 217.50 0.02 109.52 FSU-12 3.02 40.15 0.44 18.46 21.18 20.42 2.01 Ukraine 1.82 23.33 0.05 7.00 8.40 16.00 0.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. May 2016 WASDE - 553 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Apr NA NA NA NA NA NAN A May 207.87 1,011.07 128.70 623.43 1,011.90 132.89 207.04 United States Apr NA NA NA NA NA NAN A May 45.79 366.54 1.02 140.98 310.40 48.26 54.68 Total Foreign Apr NA NA NA NA NA NAN A May 162.08 644.53 127.69 482.46 701.49 84.63 152.36 Major Exporters 4/ Apr NA NA NA NA NA NAN A May 8.17 129.00 1.11 62.20 80.70 48.50 9.08 Argentina Apr NA NA NA NA NA NAN A May 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Brazil Apr NA NA NA NA NA NAN A May 5.94 82.00 0.60 50.00 59.00 24.00 5.54 South Africa Apr NA NA NA NA NA NAN A May 0.62 13.00 0.50 5.60 11.30 1.50 1.32 Major Importers 5/ Apr NA NA NA NA NA NAN A May 20.31 122.74 78.45 147.55 198.78 4.49 18.24 Egypt Apr NA NA NA NA NA NAN A May 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ Apr NA NA NA NA NA NAN A May 6.98 64.28 13.00 57.50 75.30 3.00 5.95 Japan Apr NA NA NA NA NA NAN A May 1.45 0.00 14.50 10.80 14.40 0.00 1.55 Mexico Apr NA NA NA NA NA NAN A May 3.62 23.50 13.50 19.15 36.05 0.80 3.77 Southeast Asia 7/ Apr NA NA NA NA NA NAN A May 4.05 28.81 14.10 35.25 43.25 0.68 3.03 South Korea Apr NA NA NA NA NA NAN A May 1.84 0.08 10.50 8.25 10.55 0.00 1.86 Selected Other Canada Apr NA NA NA NA NA NAN A May 1.60 13.75 1.00 8.10 13.60 1.20 1.55 China Apr NA NA NA NA NA NAN A May 109.52 218.00 1.00 160.00 227.00 0.02 101.50 FSU-12 Apr NA NA NA NA NA NAN A May 2.01 44.16 0.42 19.49 22.27 21.97 2.36 Ukraine Apr NA NA NA NA NA NAN A May 0.80 26.00 0.05 7.30 8.70 17.00 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. May 2016 WASDE - 553 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 114.34 478.72 40.96 478.68 44.00 114.38 United States 1.03 7.11 0.78 4.16 3.21 1.55 Total Foreign 113.32 471.62 40.17 474.53 40.79 112.83 Major Exporters 4/ 37.28 159.30 0.73 133.53 32.62 31.15 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 1.33 6.90 0.03 2.70 4.00 1.56 Thailand 11.90 18.75 0.30 10.60 9.78 10.57 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.35 64.06 13.66 77.20 1.23 10.64 Brazil 0.64 8.47 0.38 7.91 0.93 0.64 European Union 6/ 1.16 1.96 1.70 3.32 0.27 1.24 Indonesia 5.50 35.56 1.20 38.30 0.00 3.96 Nigeria 0.86 2.84 3.00 5.70 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.29 1.98 3.96 6.10 0.00 1.12 Selected Other 0.00 Burma 0.37 12.60 0.00 10.50 1.74 0.74 C. Amer & Carib 8/ 0.47 1.81 1.60 3.36 0.01 0.50 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.60 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.15 0.18 0.69 0.86 0.00 0.15 South Korea 0.90 4.24 0.47 4.35 0.00 1.25 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.38 470.49 39.84 478.44 41.38 106.43 United States 1.55 6.11 0.75 3.85 3.18 1.38 Total Foreign 112.83 464.38 39.10 474.59 38.20 105.05 Major Exporters 4/ 31.15 153.60 0.72 133.90 30.20 21.37 India 17.77 103.00 0.00 98.50 9.00 13.27 Pakistan 1.56 6.70 0.02 2.75 4.40 1.13 Thailand 10.57 15.80 0.30 10.80 9.80 6.07 Vietnam 1.26 28.10 0.40 21.85 7.00 0.91 Major Importers 5/ 10.64 62.74 14.29 77.04 1.13 9.50 Brazil 0.64 7.60 0.80 7.84 0.75 0.45 European Union 6/ 1.24 2.06 1.60 3.38 0.28 1.23 Indonesia 3.96 35.30 2.00 38.10 0.00 3.16 Nigeria 0.99 2.71 2.50 5.40 0.00 0.80 Philippines 2.21 11.35 2.00 13.25 0.00 2.31 Sel. Mideast 7/ 1.12 1.89 4.05 6.13 0.00 0.94 Selected Other 0.00 Burma 0.74 12.20 0.00 10.60 1.80 0.54 C. Amer & Carib 8/ 0.50 1.63 1.72 3.34 0.02 0.49 China 57.44 145.77 5.00 146.00 0.35 61.86 Egypt 0.92 4.00 0.04 3.80 0.25 0.90 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.15 0.15 0.70 0.87 0.00 0.13 South Korea 1.25 4.33 0.47 4.37 0.00 1.67 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. May 2016 WASDE - 553 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Apr NA NA NA NA NA NA May 106.43 480.71 38.59 480.53 40.66 106.61 United States Apr NA NA NA NA NA NA May 1.38 7.34 0.76 4.29 3.59 1.60 Total Foreign Apr NA NA NA NA NA NA May 105.05 473.38 37.82 476.24 37.07 105.01 Major Exporters 4/ Apr NA NA NA NA NA NA May 21.37 157.40 0.67 134.30 28.75 16.39 India Apr NA NA NA NA NA NA May 13.27 105.00 0.00 98.60 8.50 11.17 Pakistan Apr NA NA NA NA NA NA May 1.13 6.90 0.02 2.80 4.25 1.00 Thailand Apr NA NA NA NA NA NA May 6.07 17.00 0.25 11.10 9.00 3.22 Vietnam Apr NA NA NA NA NA NA May 0.91 28.50 0.40 21.80 7.00 1.01 Major Importers 5/ Apr NA NA NA NA NA NA May 9.50 65.78 12.40 77.37 1.21 9.10 Brazil Apr NA NA NA NA NA NA May 0.45 8.50 0.60 8.00 0.80 0.75 European Union 6/ Apr NA NA NA NA NA NA May 1.23 2.03 1.60 3.42 0.26 1.18 Indonesia Apr NA NA NA NA NA NA May 3.16 36.60 1.25 38.10 0.00 2.91 Nigeria Apr NA NA NA NA NA NA May 0.80 2.70 2.10 5.20 0.00 0.40 Philippines Apr NA NA NA NA NA NA May 2.31 12.00 1.50 13.30 0.00 2.51 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.94 2.01 4.10 6.15 0.00 0.89 Selected Other Burma Apr NA NA NA NA NA NA May 0.54 12.50 0.00 10.70 1.85 0.49 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.49 1.72 1.71 3.44 0.02 0.46 China Apr NA NA NA NA NA NA May 61.86 146.50 5.00 145.00 0.30 68.06 Egypt Apr NA NA NA NA NA NA May 0.90 4.00 0.04 3.90 0.25 0.79 Japan Apr NA NA NA NA NA NA May 2.49 7.68 0.70 8.70 0.09 2.09 Mexico Apr NA NA NA NA NA NA May 0.13 0.17 0.75 0.88 0.00 0.17 South Korea Apr NA NA NA NA NA NA May 1.67 4.00 0.41 4.33 0.00 1.74 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. May 2016 WASDE - 553 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.23 119.07 35.73 110.12 35.35 0.11 112.45 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.88 102.75 35.72 106.55 24.11 -0.05 108.75 Major Exporters 4/ 28.36 52.62 1.74 32.34 20.62 -0.23 29.99 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.18 4.46 7.05 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 69.86 2.57 0.17 76.92 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.45 0.03 2.95 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 112.45 99.55 33.98 109.03 34.17 -0.06 102.84 United States 3 . 7 0 1 2 . 8 90 . 0 43 . 6 09 . 0 00 . 0 34 . 0 0 Total Foreign 108.75 86.66 33.94 105.43 25.17 -0.09 98.84 Major Exporters 4/ 29.99 48.08 1.53 32.14 22.27 -0.23 25.41 Central Asia 5/ 2.90 5.65 3 / 2.45 4.01 0.00 2.09 Afr. Fr. Zone 6/ 2.00 4.54 3 / 0.14 4.77 0.00 1.63 S. Hemis 7/ 11.32 10.49 0.23 4.27 7.44 -0.24 10.56 Australia 1.78 2.50 3 / 0.04 2.60 -0.10 1.74 Brazil 7.53 6.50 0.05 3.20 4.30 -0.15 6.73 India 13.49 26.80 0.85 24.50 5.75 0.00 10.89 Major Importers 8/ 76.92 35.77 30.30 69.09 2.01 0.14 71.75 Mexico 0.69 0.91 0.98 1.90 0.15 0.03 0.50 China 67.92 23.80 4.25 32.50 0.15 0.00 63.32 European Union 9/ 0.33 1.28 0.86 0.87 1.22 0.05 0.33 Turkey 1.60 2.65 3.90 6.35 0.23 0.00 1.57 Pakistan 2.95 7.00 3.10 10.25 0.25 0.03 2.53 Indonesia 0.60 0.01 2.80 2.83 0.01 0.00 0.57 Thailand 0.22 3 / 1.35 1.33 0.00 0.03 0.22 Bangladesh 1.28 0.12 5.60 5.70 0.00 0.01 1.29 Vietnam 0.70 3 / 4.80 4.70 0.00 0.00 0.80 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. May 2016 WASDE - 553 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Apr NA NA NA NA NA NAN A May 102.84 104.36 33.10 110.78 33.11 -0.08 96.48 United States Apr NA NA NA NA NA NAN A May 4.00 14.80 0.01 3.60 10.50 0.01 4.70 Total Foreign Apr NA NA NA NA NA NAN A May 98.84 89.56 33.09 107.18 22.61 -0.09 91.78 filler filler filler filler filler filler filler Major Exporters 4/ Apr NA NA NA NA NA NAN A May 25.41 49.69 1.33 31.95 19.66 -0.23 25.04 Central Asia 5/ Apr NA NA NA NA NA NAN A May 2.09 5.86 3 / 2.48 3.49 0.00 1.99 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NAN A May 1.63 4.62 3 / 0.14 4.51 0.00 1.60 S. Hemis 7/ Apr NA NA NA NA NA NAN A May 10.56 10.61 0.23 4.18 7.53 -0.24 9.92 Australia Apr NA NA NA NA NA NAN A May 1.74 2.60 3 / 0.04 2.70 -0.10 1.71 Brazil Apr NA NA NA NA NA NAN A May 6.73 6.40 0.05 3.10 4.00 -0.15 6.23 India Apr NA NA NA NA NA NAN A May 10.89 28.00 0.70 24.50 3.80 0.00 11.29 filler filler filler filler filler filler filler Major Importers 8/ Apr NA NA NA NA NA NAN A May 71.75 36.96 29.56 70.95 2.07 0.14 65.11 Mexico Apr NA NA NA NA NA NAN A May 0.50 0.87 1.15 1.90 0.10 0.03 0.50 China Apr NA NA NA NA NA NAN A May 63.32 22.50 4.50 33.50 0.10 0.00 56.72 European Union 9/ Apr NA NA NA NA NA NAN A May 0.33 1.46 0.85 0.86 1.34 0.05 0.38 Turkey Apr NA NA NA NA NA NAN A May 1.57 3.00 3.55 6.40 0.28 0.00 1.45 Pakistan Apr NA NA NA NA NA NAN A May 2.53 9.00 1.70 10.50 0.25 0.03 2.45 Indonesia Apr NA NA NA NA NA NAN A May 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Thailand Apr NA NA NA NA NA NAN A May 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Bangladesh Apr NA NA NA NA NA NAN A May 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Vietnam Apr NA NA NA NA NA NAN A May 0.80 3 / 5.20 5.10 0.00 0.00 0.91 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. May 2016 WASDE - 553 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 62.01 319.73 123.39 263.31 300.90 126.15 78.08 United States 2.50 106.88 0.90 50.98 54.93 50.17 5.19 Total Foreign 59.51 212.85 122.48 212.34 245.97 75.99 72.89 Major Exporters 3/ 41.43 169.99 0.32 84.52 91.77 68.70 51.27 Argentina 25.27 61.40 0.00 40.24 44.40 10.57 31.70 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.10 0.01 3.65 3.69 4.49 0.06 Major Importers 4/ 15.29 15.39 105.26 97.91 117.11 0.29 18.54 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.39 13.60 15.07 0.12 0.66 Japan 0.23 0.23 3.00 2.15 3.24 0.00 0.22 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.08 315.86 131.08 279.41 318.17 132.58 74.25 United States 5.19 106.93 0.82 51.17 54.70 47.36 10.89 Total Foreign 72.89 208.92 130.26 228.24 263.48 85.23 63.37 Major Exporters 3/ 51.27 166.70 0.36 90.03 97.49 77.60 43.24 Argentina 31.70 56.50 0.05 45.70 50.05 11.40 26.80 Brazil 19.50 99.00 0.30 40.00 43.00 59.50 16.30 Paraguay 0.06 8.80 0.01 4.10 4.14 4.60 0.13 Major Importers 4/ 18.54 15.39 110.38 105.84 126.09 0.33 17.88 China 17.03 11.80 83.00 81.80 95.25 0.15 16.43 European Union 0.66 2.20 13.20 13.80 15.32 0.15 0.59 Japan 0.22 0.24 3.10 2.20 3.32 0.00 0.24 Mexico 0.07 0.33 3.95 4.25 4.29 0.00 0.06 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA NA May 74.25 324.20 136.02 288.39 327.96 138.31 68.21 United States Apr NA NA NA NA NA NA NA May 10.89 103.42 0.82 52.12 55.53 51.30 8.29 Total Foreign Apr NA NA NA NA NA NA NA May 63.36 220.78 135.21 236.27 272.43 87.00 59.92 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 43.24 172.00 0.36 88.75 96.42 78.29 40.89 Argentina Apr NA NA NA NA NA NA NA May 26.80 57.00 0.05 44.30 48.75 10.65 24.45 Brazil Apr NA NA NA NA NA NA NA May 16.30 103.00 0.30 40.00 43.10 60.20 16.30 Paraguay Apr NA NA NA NA NA NA NA May 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Major Importers 4/ Apr NA NA NA NA NA NA NA May 17.88 16.03 114.18 110.82 131.62 0.34 16.14 China Apr NA NA NA NA NA NA NA May 16.43 12.20 87.00 87.00 100.80 0.15 14.68 European Union Apr NA NA NA NA NA NA NA May 0.59 2.40 12.60 13.30 14.87 0.15 0.57 Japan Apr NA NA NA NA NA NA NA May 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Mexico Apr NA NA NA NA NA NA NA May 0.06 0.37 4.00 4.28 4.33 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). May 2016 WASDE - 553 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 11.24 207.23 59.99 201.97 63.65 12.85 United States 0.23 40.88 0.30 29.24 11.93 0.24 Total Foreign 11.02 166.35 59.69 172.72 51.72 12.61 Major Exporters 3/ 7.73 67.67 0.03 22.29 44.04 9.10 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.25 14.39 4.75 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.54 15.04 35.81 50.54 0.43 1.43 European Union 0.25 10.74 19.25 29.64 0.36 0.25 Southeast Asia 5/ 1.10 2.67 14.86 17.49 0.07 1.08 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.85 219.26 64.63 216.81 67.25 12.67 United States 0.24 40.32 0.36 30.21 10.43 0.27 Total Foreign 12.61 178.94 64.26 186.60 56.82 12.40 Major Exporters 3/ 9.10 71.25 0.03 23.22 48.50 8.65 Argentina 4.13 35.33 0.00 2.40 32.80 4.25 Brazil 4.75 30.96 0.02 15.80 15.60 4.33 India 0.23 4.96 0.01 5.02 0.10 0.07 Major Importers 4/ 1.43 15.48 38.68 53.91 0.46 1.21 European Union 0.25 10.90 20.70 31.24 0.40 0.21 Southeast Asia 5/ 1.08 2.91 16.13 19.17 0.06 0.89 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 12.67 226.77 67.74 226.41 69.87 10.91 United States Apr NA NA NA NA NA NA May 0.27 41.25 0.30 30.66 10.89 0.27 Total Foreign Apr NA NA NA NA NA NA May 12.40 185.52 67.45 195.75 58.98 10.63 Major Exporters 3/ Apr NA NA NA NA NA NA May 8.65 72.65 0.02 23.85 50.40 7.08 Argentina Apr NA NA NA NA NA NA May 4.25 34.37 0.00 2.48 32.80 3.35 Brazil Apr NA NA NA NA NA NA May 4.33 31.00 0.02 16.20 15.80 3.35 India Apr NA NA NA NA NA NA May 0.07 7.28 0.00 5.17 1.80 0.38 Major Importers 4/ Apr NA NA NA NA NA NA May 1.21 15.27 41.20 55.96 0.45 1.26 European Union Apr NA NA NA NA NA NA May 0.21 10.51 21.70 31.79 0.40 0.22 Southeast Asia 5/ Apr NA NA NA NA NA NA May 0.89 3.10 17.60 20.59 0.05 0.94 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. May 2016 WASDE - 553 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.61 49.04 10.08 47.96 11.10 3.67 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.08 39.33 9.96 39.36 10.19 2.83 Major Exporters 3/ 0.99 18.03 0.29 10.75 7.61 0.94 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.30 1.51 0.35 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.33 15.02 5.21 20.28 0.18 1.10 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.20 2.80 4.05 0.00 0.20 North Africa 5/ 0.12 0.47 1.64 2.03 0.07 0.13 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stocks World 2/ 3.67 52.23 11.32 51.15 12.18 3.89 United States 0.84 9.93 0.14 8.89 0.95 1.07 Total Foreign 2.83 42.29 11.18 42.26 11.23 2.82 Major Exporters 3/ 0.94 19.07 0.27 10.86 8.52 0.91 Argentina 0.35 8.77 0.01 2.51 6.13 0.50 Brazil 0.35 7.68 0.01 6.40 1.39 0.25 European Union 0.24 2.62 0.25 1.95 1.00 0.16 Major Importers 4/ 1.10 16.23 6.18 22.25 0.19 1.07 China 0.78 14.66 0.82 15.45 0.11 0.69 India 0.20 1.10 3.70 4.75 0.00 0.25 North Africa 5/ 0.13 0.47 1.66 2.05 0.08 0.13 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Apr NA NA NA NA NA NA May 3.89 53.63 11.07 53.08 11.85 3.67 United States Apr NA NA NA NA NA NA May 1 . 0 7 1 0 . 0 30 . 1 19 . 2 11 . 0 90 . 9 2 Total Foreign Apr NA NA NA NA NA NA May 2.82 43.60 10.96 43.88 10.76 2.75 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.91 18.59 0.27 10.97 8.00 0.80 Argentina Apr NA NA NA NA NA NA May 0.50 8.38 0.01 2.52 5.98 0.39 Brazil Apr NA NA NA NA NA NA May 0.25 7.68 0.01 6.50 1.22 0.22 European Union Apr NA NA NA NA NA NA May 0.16 2.53 0.25 1.95 0.80 0.19 Major Importers 4/ Apr NA NA NA NA NA NA May 1.07 17.76 5.76 23.22 0.19 1.17 China Apr NA NA NA NA NA NA May 0.69 15.59 0.82 16.20 0.11 0.79 India Apr NA NA NA NA NA NA May 0.25 1.61 3.30 4.90 0.00 0.26 North Africa 5/ Apr NA NA NA NA NA NA May 0.13 0.56 1.64 2.12 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. May 2016 WASDE - 553 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 II 5,856 5,925 11,840 10,021 1,389 11,542 23,382 1,991 53.7 III 6,068 5,958 12,083 10,372 1,352 11,857 23,940 1,929 51.7 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,980 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,977 208.6 2016 I 5,935 6,230 12,222 10,038 1,434 11,607 23,828 2,041 53.0 II* 6,085 5,965 12,108 10,200 1,450 11,790 23,898 2,060 54.4 III* 6,455 6,170 12,681 10,500 1,500 12,140 24,821 2,085 52.5 IV* 6,335 6,625 13,020 10,300 1,575 12,010 25,030 2,150 52.4 Annual Apr Proj. 24,825 24,970 50,027 41,100 6, 010 47,650 97,677 8,305 211.8 May Proj. 24,810 24,990 50,031 41,038 5, 959 47,547 97,577 8,336 212.4 2017 I* 6,050 6,290 12,398 10,250 1,450 11,830 24,228 2,070 53.3 Annual Apr Proj. NA NA NA NAN AN AN AN AN A May Proj. 25,790 25,640 51,666 42,050 6,125 48,730 100,396 8,475 215.2 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 II 158.11 53.20 104.2 108.5 170.3 16.77 III 144.22 54.59 83.7 126.4 235.7 16.97 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II* 123-127 49-51 89-91 116-120 77-79 14.25-14.55 III* 118-126 50-54 86-92 110-116 84-90 13.95-14.55 IV* 119-129 41-45 85-93 113-123 101-109 14.65-15.55 Annual Apr Proj. 131-137 46-48 84-88 111-117 100-104 15.00-15.50 May Proj. 124-129 46-48 86-90 114-118 96-100 14.60-15.10 2017 I* 118-128 40-44 82-88 107-115 96-104 14.95-15.95 Annual Apr Proj. NA NA NA NAN AN A May Proj. 118-128 42-46 84-91 111-120 108-118 15.25-16.25 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. May 2016 WASDE - 553 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,370 27,721 2,266 683 24,771 53.9 2016 Proj. Apr 683 24,889 2,900 28,472 2,455 630 25,387 55.0 May 683 24,874 2,893 28,450 2,464 630 25,356 54.7 2017 Proj. Apr NA NA NA NA NA NA NA NA May 630 25,854 2,550 29,034 2,580 600 25,854 55.4 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,111 26,187 4,941 590 20,656 49.8 2016 Proj. Apr 590 24,988 1,180 26,758 5,200 625 20,933 50.2 May 590 25,006 1,158 26,753 5,198 600 20,955 50.1 2017 Proj. Apr NA NA NA NA NA NA NA NA May 600 25,656 1,160 27,416 5,300 610 21,506 51.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,695 54,404 7,212 1,320 45,872 104.9 2016 Proj. Apr 1,320 50,120 4,283 55,723 7,663 1,296 46,764 106.4 May 1,320 50,120 4,293 55,734 7,670 1,271 46,793 106.2 2017 Proj. Apr NA NA NA NA NA NA NA NA May 1,271 51,756 3,898 56,925 7,890 1,251 47,784 107.5 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 130 40,430 6,319 832 33,279 88.9 2016 Proj. Apr 832 40,660 123 41,616 6,740 665 34,211 90.9 May 832 40,599 132 41,563 6,723 655 34,185 90.6 2017 Proj. Apr NA NA NA NA NA NA NA NA May 655 41,600 132 42,387 6,905 715 34,767 91.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. Apr 201 6,010 43 6,254 610 225 5,419 16.8 May 201 5,959 44 6,204 605 250 5,349 16.5 2017 Proj. Apr NA NA NA NA NA NA NA NA May 250 6,125 40 6,415 670 250 5,495 16.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,822 6,997 1,041 38,785 106.0 2016 Proj. Apr 1,041 47,210 169 48,420 7,486 899 40,035 108.9 May 1,041 47,107 179 48,327 7,466 914 39,947 108.3 2017 Proj. Apr NA NA NA NA NA NA NA NA May 914 48,279 174 49,367 7,715 974 40,678 109.4 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,872 101,227 14,209 2,361 84,657 210.9 2016 Proj. Apr 2,361 97,330 4,452 104,143 15,149 2,195 86,799 215.3 May 2,361 97,227 4,472 104,061 15,136 2,185 86,740 214.5 2017 Proj. Apr NA NA NA NA NA NA NA NA May 2,185 100,035 4,072 106,292 15,605 2,225 88,462 217.0 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. May 2016 WASDE - 553 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Apr May Ap r May Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 NA 25.0 Production 8,431.4 7,977.3 8,305.0 8,336.0 NA 8,475.0 Imports 34.7 123.3 110.0 113.6 NA 60.0 Total Supply 8,489.1 8,123.9 8,446.1 8,480.7 NA 8,560.0 Use Exports 393.8 317.6 315.0 315.8 NA 355.0 Hatching Use 980.6 995.6 1,015.0 1,017.3 NA 1,040.0 Ending Stocks 23.3 31.1 26.0 25.0 NA 25.0 Disappearance Total 7,091.4 6,779.6 7,090.1 7,122.6 NA 7,140.0 Per Capita (number) 266.6 252.9 263.2 263.6 NA 262.1 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Apr May Ap r May Milk Billion Pounds Production 206.1 208.6 211.8 212.4 NA 215.2 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 NA 12.9 Marketings 205.1 207.7 210.9 211.4 NA 214.2 Imports 4.3 5.7 7.5 7.7 NA 7.0 Total Cml. Supply 220.6 224.6 231.7 232.4 NA 234.1 Fat Basis Use Commercial Exports 12.4 8.8 8.4 8.9 NA 9.1 Ending Commercial Stocks 11.2 13.3 12.7 12.9 NA 12.0 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 196.9 202.5 210.6 210.7 NA 213.0 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 NA 14.1 Marketings 205.1 207.7 210.9 211.4 NA 214.2 Imports 5.6 5.9 6.2 6.4 NA 6.2 Total Cml. Supply 222.4 226.7 230.9 231.7 NA 234.5 Skim-solid Basis Use Commercial Exports 39.1 37.3 36.2 36.2 NA 37.6 Ending Commercial Stocks 13.1 13.9 14.1 14.1 NA 13.7 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 170.2 175.5 180.6 181.3 NA 183.2 Total Note: Totals may not add due to rounding. May 2016 WASDE - 553 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Apr May Apr May Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.510- 1.5601.455- 1.505NA 1.540- 1.640 Butter 2.1361 2.0670 2.005- 2.0851.985- 2.065NA 1.880- 2.010 Nonfat Dry Milk 1.7682 0.9016 0.760- 0.8000.740- 0.780NA 0.855- 0.925 Dry Whey 0.6538 0.3804 0.230- 0.2600.235- 0.265NA 0.255- 0.285 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 13.65- 14.1513.15- 13.65NA 14.05- 15.05 Class IV 22.09 14.35 12.90- 13.5012.65- 13.25NA 13.15- 14.25 All Milk 3/ 23.97 17.12 15.00- 15.5014.60- 15.10NA 15.25- 16.25 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. May 2016 WASDE - 553 - 35 Reliability of May Projections 1/ Note: Tables on pages 35-37 present a record of the May projecti on and the final Estimate. Using world wheat production as an e xample, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The averag e difference between the May proj ection and the final estimate is 16.2 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 21 times and above 14 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 3.2 5.4 16.2 1.7 35.0 21 14 U.S. 6.5 11.1 2.9 0.0 9.8 18 17 Forei gn 3.3 5.7 15.0 1.6 32.9 20 15 Exports Worl d 6.0 10.2 5.8 0.1 17.6 24 11 U.S. 12.7 21.5 3.1 0.0 10.2 19 15 Forei gn 7.0 11.9 5.4 0.4 17.8 25 10 Domestic Use Worl d 2.2 3.7 9.7 0.3 28.0 22 13 U.S. 7.4 12.6 1.8 0.2 6.4 17 18 Forei gn 2.1 3.6 9.1 0.2 24.7 23 12 Endin g Stocks Worl d 10.5 17.9 12.7 0.3 35.9 22 13 U.S. 21.3 36.2 3.6 0.1 14.1 19 16 Forei gn 10.7 18.1 10.8 2.5 31.0 21 14 COARSE GRAINS 2/ Production Worl d 3.8 6.5 26.5 1.1 103.6 16 19 U.S. 14.6 24.8 21.1 0.9 103.8 18 17 Forei gn 2.8 4.8 14.3 0.2 42.8 15 20 Exports Worl d 7.7 13.1 7.5 1.3 17.9 24 11 U.S. 28.4 48.3 8.3 0.1 29.5 14 21 Forei gn 14.2 24.2 6.7 0.3 20.8 24 11 Domestic Use Worl d 2.1 3.5 15.1 0.4 68.4 17 18 U.S. 6.2 10.5 8.3 0.2 38.4 22 13 Forei gn 2.1 3.5 11.5 0.5 32.8 17 18 Endin g Stocks Worl d 20.9 35.4 22.8 2.6 71.4 21 14 U.S. 57.7 97.8 17.7 1.3 57.6 16 19 Forei gn 17.6 29.9 11.8 0.0 33.9 23 12 RICE , milled Production Worl d 2.5 4.2 7.1 0.0 21.8 20 15 U.S. 7.4 12.5 0.3 0.0 1.0 20 15 Forei gn 2.5 4.3 7.1 0.4 22.0 20 15 Exports Worl d 9.8 16.7 1.6 0.1 7.5 26 9 U.S. 12.1 20.5 0.3 0.0 1.0 19 12 Forei gn 10.5 17.9 1.5 0.2 7.1 26 9 Domestic Use Worl d 2.0 3.3 5.0 0.0 19.4 24 11 U.S. 9.6 16.2 0.2 0.0 0.6 13 21 Forei gn 2.0 3.4 5.0 0.2 20.0 25 10 Endin g Stocks Worl d 14.4 24.5 5.1 0.1 17.0 23 12 U.S. 33.8 57.4 0.3 0.0 0.9 19 14 Forei gn 15.9 26.9 5.1 0.1 16.7 23 12 1/ Footnotes at end of table. CONTINUED May 2016 WASDE - 553 - 36 Reliability of May Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World NA NA 1 0 . 2 1 . 5 2 3 . 143 U.S. 8.9 15.1 4.3 0.0 12.0 17 18 Foreign NA NA 7 . 2 0 . 7 1 6 . 961 Exports World NA NA 6 . 6 0 . 6 1 0 . 661 U.S. 15.9 27.1 3.0 0.0 6.8 19 15 Foreign NA NA 4 . 1 0 . 7 1 2 . 352 Domestic Use World NA NA 7 . 2 1 . 2 1 2 . 143 U.S. 6.6 11.2 2.1 0.2 7.5 21 14 Foreign NA NA 6 . 1 0 . 2 1 0 . 843 Ending Stocks World NA NA 8 . 2 4 . 6 1 7 . 234 U.S. 61.7 104.7 2.8 0.2 8.4 10 25 Foreign NA NA 7 . 3 1 . 0 1 5 . 743 COTTON Million 480-Pound Bales Production World 6.4 10.9 4.4 0.1 16.7 21 14 U.S. 11.2 19.0 1.6 0.1 5.5 17 18 Foreign 6.5 11.1 3.5 0.1 12.2 20 15 Exports World 10.5 17.8 2.2 0.1 12.4 19 16 U.S. 30.7 52.2 1.4 0.1 3.9 21 14 Foreign 13.7 23.3 1.7 0.1 10.4 19 16 Domestic Use World 4.6 7.8 3.1 0.1 17.2 13 22 U.S. 9.7 16.5 0.5 0.0 1.4 17 17 Foreign 4.6 7.9 3.0 0.0 16.6 15 20 Ending Stocks World 18.4 31.3 6.5 1.0 18.1 24 11 U.S. 44.8 76.1 1.5 0.0 4.3 16 19 Foreign 17.5 29.7 5.5 0.1 17.2 24 11 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans (U.S. only), and cotton. Marketing years 2009/10 through 2015/16 for global and foreign soybeans. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. May 2016 WASDE - 553 - 37 Reliability of United States May Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 15.5 26.3 746 8 4,010 14 21 Exports 29.6 50.3 298 0 1,100 15 19 Domestic Use 6.6 11.2 325 11 1,538 23 12 Ending Stocks 69.3 117.6 637 41 2,091 16 19 SORGHUM Production 20.9 35.5 91 0 228 15 19 Exports 33.5 56.9 46 0 190 16 18 Domestic Use 25.7 43.5 56 0 162 14 20 Ending Stocks 73.4 124.6 52 1 238 13 22 BARLEY Production 14.7 24.9 29 1 206 13 22 Exports 73.3 124.4 15 0 92 18 14 Domestic Use 11.7 19.9 31 0 95 16 18 Ending Stocks 21.6 36.7 23 0 78 16 18 OATS Production 25.8 43.8 33 1 231 9 26 Exports 1 1 6 . 6 1 9 7 . 81088 1 2 Domestic Use 11.1 18.9 22 1 160 13 22 Ending Stocks 34.1 57.9 18 0 77 11 21 SOYBEAN MEAL Thousand Short Tons Production 5.9 10.0 1,367 0 5,344 21 13 Exports 18.6 31.5 1,028 0 2,750 21 13 Domestic Use 4.6 7.9 887 24 4,950 17 18 Ending Stocks 44.2 74.9 57 0 388 11 15 SOYBEAN OIL Million Pounds Production 5.6 9.4 654 18 2,500 24 11 Exports 36.8 62.4 501 25 1,700 20 15 Domestic Use 4.0 6.8 445 8 1,800 21 14 Ending Stocks 38.3 64.9 485 25 1,702 21 14 ANIMAL PROD. 3/ Million Pounds Beef 4.1 7.0 778 40 2,727 15 7 Pork 3.5 6.0 537 61 1,722 14 7 Broilers 2.5 4.4 705 80 1,640 10 12 Turkeys 4.2 7.2 178 2 500 12 10 Million Dozen Eggs 1.5 2.6 89 2 230 13 9 Billion Pounds Milk 1.6 2.8 2.2 0.0 6.7 11 9 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2014. WASDE-553-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 . WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-553 – May 10, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 646 Approved by the World Agricultural Outlook Board March 8, 2024 WHEAT: The outlook for 2023/24 U.S. wheat this month is for unchanged supplies and domestic use, lower exports, and higher ending stocks. Exports are reduced 15 million bushels to 710 million with reductions for Soft Red Winter and Hard Red Winter. Ending stocks are raised by an equivalent amount to 673 million bushels and are 18 percent higher than last year. The season -average farm price is reduced $0.05 per bushel to $7.15. The global wheat outlook for 2023/24 is for larger supplies, consumption, and trade with reduced stocks. Supplies are projected to increas e 0.8 million tons to 1,057.8 million, primarily on higher government production estimates for Australia, Russia, and Argentina partially offset by reductions for the EU and Serbia. Global consumption is raised 1.5 million tons to 799.0 million, mainly on higher feed and residual use for the EU, Kazakhstan, and Indonesia. World trade is raised 1.4 million tons to 212.1 million on higher exports by Ukraine, Australia, and Turkey. Projected 2023/24 global ending stocks are lowered 0.6 million tons to 258.8 million, the lowest since 2015/16. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is unchanged relative to last month. The season -average corn price received by producers is lowered to $4.75 per bushel based on observed prices to date. Global coarse grain production for 2023/24 is forecast 2.7 million tons lower to 1,507.4 million. This month’s foreign coarse grain outlook is for reduced production, larger trade, and smaller ending stocks relative to last month. Foreign corn production is forecast lower with declines for South Africa, Ukraine, Mexico, Venezuela, and Russia that are partly offset by increases for Argentina and Syria. South Africa is down reflecting lower yield prospects. Mexico is cut based on expectations of lower winter corn area. Ukraine and Russia are reduced based on reported harvest results to date. Argentina is raised based on higher expected area. Foreign barley production is down, with reductions for Iraq and Syria that are partly offset by an increase for Australia. Major global trade changes include higher corn exports for Ukraine and Argentina but reductions for South Africa and India. Corn imports are lowered for the EU, Saudi Arabia, Israel, and South Korea but raised for Mexico, Venezuela, and Indonesia. Barley exports are raised for Australia. Foreign corn ending stocks are lower, mostly reflecting a decline for Ukraine that is partly offset by an increase for Brazil. Global corn ending stocks, at 319.6 million tons, are down 2.4 million. RICE : The outlook for 2023/24 U.S. rice this month is for unchanged supplies and domestic use, larger exports, and smaller ending stocks. All rice exports are raised 1.0 WASDE- 646-2 million cwt to 88.0 million with a 3.0 million increase in long- grain and a decline of 2.0 million for medium - and short- grain. Projected ending stocks are reduced 1.0 million cwt to 41.5 million but are still 37 percent larger than last year. The all rice season -average farm price is raised this month by $0.40 per cwt to $18.80 on increases for all classes of rice based on NASS prices reported to date and expectations for cash and futures prices for the remainder of 2023/24. The long- grain price is raised $0.10 per cwt to $16.10, the Other States medium - and short- grain price is raised $0.50 per cwt to $18.00, and the California medium - and short- grain price is raised $2.00 per cwt to $32.00. The 2023/24 global outlook this month is for larger supplies, trade, and ending stocks but fractionally lower consumption. Supplies are raised 2.5 million tons to 692.6 million, primarily on higher beginning stocks for Pakistan and increased production for India. Production in India is raised 2.0 million tons to 134.0 million, on additional harvested area indicated in the Second Advance Estimates of Production of Food Grains report. For Pakistan, beginning stocks are raised following a revision to the 2022/23 crop, up 1.8 million tons to 7.3 million, as updated official data shows a higher yield than previously estimated. Global trade for 2023/24 is raised 1.0 million tons to 52.6 million on increases for several major exporters, including Pakistan, Cambodia, Thailand, and Vietnam. Projected world ending stocks are forecast 2.5 million tons higher than last month to 169.7 million, most notably for India, Pakistan, and Indonesia, though ending stocks are still forecast lower than the prior year. OILSEEDS: The outlook for U.S. soybean supply and use for 2023/24 is unchanged this month. While soybean crush is unchanged, the soybean meal extraction rate is increased slightly, and higher soybean meal exports are mostly offset by lower domestic use. The U.S. season- average soybean price and the soybean meal price forecasts are unchanged for 2023/24. The soybean oil price is reduced 2 cents to 49 cents per pound. Global 2023/24 oilseed production is reduced 0.7 million tons to 658.7 million, on lower soybean and sunflowerseed production partly offset by higher rapeseed. Sunflowerseed production is reduced on lower output for South Africa. Rapeseed production is increased on higher output for India, Russia, and Ukraine. Global soybean production is reduced 1.4 million tons on lower production for Brazil and South Africa. Global 2023/24 soybean supply and demand forecasts include lower beginning stocks, lower production, lower crush, higher exports, and lower ending stocks compared to last month. Beginning stocks are lowered 1.4 million tons mainly on historical crush and import revisions for China. Soybean crush for China is raised for 2020/21 to 2022/23 based on a review of in- country estimates and supplies. Soybean imports for China for 2022/23 are also raised to reflect shipping data by major exporters. Global soybean production for 2023/24 is reduced on lower production for Brazil and South Africa. Soybean production for Brazil is lowered 1.0 million tons to 155 million on harvest results in Parana and poor weather conditions in São Paulo offset by favor able conditions in the north and Rio Grande do Sul. South African soybean production is lowered 0.4 million to 2.1 million on lower yield prospects. Global crush is reduced for Brazil and South Africa on lower supplies, and lower for Ukraine on higher soybean exports. Global soybean exports are raised 3.0 million tons on higher shipments to date WASDE- 646-3 from Brazil and Ukraine. Soybean imports are raised on higher imports for China, which are now 0.5 million tons higher than the prior marketing year’s revised estimate. Global soybean ending stocks are lowered 1.8 million tons to 114.3 million on lower stocks for Brazil that are partly offset by higher Chinese stocks. SUGAR: Mexico production for 2023/24 is projected at 4.747 million metric tons (MT), a decrease of 127,518 from last month and also 476,766 lower than last year. The sugarcane harvest in Mexico continues to lag at levels unprecedented in recent times. All relevan t production parameters (yields and recovery) through March 2 are several deviations below 10 -year averages with no improvement being seen as time advances. Interim analysis based on the latest CONADESUCA data implies a full -season national sugarcane yield of 61.9 MT/hectare which is lower than last month and sucrose recovery of 9.97 percent, also lower than last month and at a record low. Eastern growing regions less affected by drought , like in the Northeast and Pacific regions , have had unexpectedly low sucrose recovery levels, likely due to the high cost of fertilizers for a second year in a row. At this point, harvested area presents the most uncertainty as many fields may not yield enough sugarcane to be worth harvesting. The pace of harvested area will be closely monitored each succeeding harvest week. The production of low polarity sugar for export to the United States is projected at 9.0 percent of total production. Most low polarity sugar is produced in the eastern regions with low sucrose recovery. Some analysis suggests a switching from the production of low polarity sugar to estandar sugar that commands a higher price in the domestic market. Assuming that all projected low polarity sugar is exported to the U.S. market and, like last year , constitutes 75 percent of the total exported; exports to the United States are projected at 569,698 MT. Exports to other countries are unchanged at 25,000 MT and total exports at 594,698 MT are down 114,054 from last month. Deliveries are decreased by 55,217 MT to 4.593 million on the pace to date and imports are residually projected at 494,098 MT, down 52,440 from last month. U.S. sugar production for 2023/24 is decreased by 109,050 short tons, raw value (STRV) on lower beet sugar production only partially offset by increases in cane sugar production. Beet sugar production is down 155,761 STRV on higher beet pile shrink mostly due to warmer -than-average temperatures in the Red River Valley and Michigan and on lower sucrose recovery reported in aggregate by beet processors. Cane sugar production is projected higher by 46,711 STRV on higher production in Florida mostly offsetting a small reduction in Texas. USDA increased the raw sugar TRQ by 137,789 STRV citing the authority given to the Secretary of Agriculture under the Additional U.S. Note 5 of HTS Chapter 17 instead of the more usual legislative authority granted by the U.S. Congress. This increase is mostly offset by reduced imports from Mexico. There is no change to high- tier tariff imports: they remain at a record 715,000 STRV. There were no changes to use. Ending stocks are residually projected at 1.701 million for an ending stocks- to-use ratio of 13.38 percent, down from 14.20 last month. LIVESTOCK, POULTRY, AND DAIRY : Historical red meat, poultry, and egg supply and use estimates are adjusted to reflect revisions in slaughter, inventory, cold storage, and production data. WASDE- 646-4 For 2024, total red meat and poultry production forecasts are raised from last month with higher beef, pork, and broiler production more than offsetting lower turkey production. The beef production forecast is raised as lower expected slaughter in the first quarter is more than offset by higher slaughter for outlying quarters. The pork production forecast is raised based on a more rapid pace of slaughter in the first quarter, partially offset by lower weights. USDA will release the Quarterly Hogs and Pi gs report on March 28, providing a further indication of hog supplies for slaughter in the second half of the year. Broiler production is raised on placement and slaughter data for the first quarter and expectations that lower feed costs will support higher production later in the year. Turkey production is lowered for the first half of the year on the most recent production and hatchery data. Egg production is lowered for the first quarter based on the most recent hatchery data. The beef import forecast for 2024 is raised based on recent trade data but exports are unchanged. Pork exports are raised based on the latest trade data and continued strength in shipments to several key markets. The broiler export forecast is lowered based on recent data and expectations of weakness in demand in Asia. Turkey exports are raised based on the latest trade data. Egg trade forecasts are unchanged. For 2024, cattle prices are raised for all quarters based on recent prices and firm demand for fed cattle. Hog prices are raised for the second and third quarters, based on current demand strength. Broiler prices are unchanged from the previous month. Turkey prices are raised for the first quarter based on recent data and lower expected production. Egg prices are lowered for the first quarter based on recent data. Milk supply and use estimates for 2023 are adjusted to reflect revisions in production and cold storage data. For 2024, milk production is lowered due to a smaller dairy cow inventory and slower growth in output per cow. On a fat basis, the domestic use forecast is unchanged from last month. Fat -basis imports are raised on higher imports of a number of products. Fat-basis export s are lowered primarily on lower expected cheese and butter shipments. On a skim -solids basis, the domestic use forecast is raised. Import forecasts are raised, while exports , primarily of cheese, nonfat/skim milk powder, and whey , are lowered. For 2024, the butter price forecast is raised on recent data and strong demand. The cheese price is also raised on recent price strength. Nonfat dry milk (NDM) and whey price forecasts are both lowered based on recent prices. Class III prices are projected higher based on higher cheese prices, while Class IV prices are lower, as the lower NDM price more than offsets the higher butter price. The all milk price is projected higher at $21.25 per cwt. COTTON : This month’s 2023/24 U.S. cotton forecasts show lower production and ending stocks relative to last month. Production is reduced 334,000 bales to 12.1 million, based on the March 8 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 2024 Crop Production report. Ending stocks are 300,000 bales lower this month at 2.5 million. At 18 percent, stocks as a share of use are projected their lowest since 2020/21. The projected marketing year average WASDE- 646-5 price received by upland producers of 77.0 cents per pound is unchanged from last month. The global cotton supply and demand estimates for 2023/24 show higher production, consumption, and trade, but lower ending stocks. World production is 130,000 bales higher as lower U.S. and Argentine crops are more than offset by a 500,000- bale increase in India. Global consumption is almost 500,000 bales higher as gains for China and India more than offset lower estimates for Turkey and a number of smaller countries. World trade is about 400,000 bales higher as China’s 2023/24 imports are raised 900,000 bales, more than offsetting lower estimates for Turkey and several smaller countries. Exports are projected higher for India, Australia, and Turkey. Ending stocks are marginally lower, down 353,000 bales to 83.3 million. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 646-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Aaron Ates , ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair, WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Mildred Haley, ERS; Mason Grahame, FAS; Jacob Vuillemin, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS . Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Adriana Valcu- Lisman, ERS; Jeffery Dwyer, FAS. In 2024 the WASDE report will be released on Apr 11, May 10, Jun 12, Jul 12, Aug 12, Sep 12, Oct 11, Nov 8, and Dec 10. WASDE- 646-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 March 2024 WASDE - 646 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2793.65 3588.62 513.28 2794.81 793.81 2022/23 (Est.) 2749.77 3543.57 494.72 2763.94 779.64 filler filler filler filler filler 2023/24 (Proj.) Feb 2809.56 3587.20 503.23 2812.11 775.09 2023/24 (Proj.) Mar 2809.49 3589.13 507.86 2814.47 774.66 filler filler filler filler filler Wheat 2021/22 780.05 1063.91 202.77 791.16 272.75 2022/23 (Est.) 789.17 1061.93 220.17 790.83 271.10 filler filler filler filler filler 2023/24 (Proj.) Feb 785.74 1056.96 210.69 797.52 259.44 2023/24 (Proj.) Mar 786.70 1057.80 212.13 798.98 258.83 filler filler filler filler filler Coarse Grains 5/ 2021/22 1500.50 1824.14 253.62 1485.85 338.29 2022/23 (Est.) 1446.02 1784.31 220.29 1452.96 331.36 filler filler filler filler filler 2023/24 (Proj.) Feb 1510.08 1840.17 240.92 1491.70 348.47 2023/24 (Proj.) Mar 1507.41 1838.76 243.15 1492.63 346.14 filler filler filler filler filler Rice, milled 2021/22 513.10 700.56 56.90 517.80 182.76 2022/23 (Est.) 514.57 697.34 54.25 520.16 177.18 filler filler filler filler filler 2023/24 (Proj.) Feb 513.74 690.08 51.62 522.90 167.18 2023/24 (Proj.) Mar 515.39 692.57 52.58 522.87 169.70 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 filler filler filler filler filler 2023/24 (Proj.) Feb 459.13 520.66 82.03 361.40 77.23 2023/24 (Proj.) Mar 459.13 520.63 81.81 361.26 77.57 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 filler filler filler filler filler 2023/24 (Proj.) Feb 49.31 68.76 19.73 31.14 17.90 2023/24 (Proj.) Mar 49.31 68.76 19.32 31.14 18.30 filler filler filler filler filler Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 filler filler filler filler filler 2023/24 (Proj.) Feb 402.89 442.65 59.54 325.12 57.99 2023/24 (Proj.) Mar 402.89 442.62 59.69 324.99 57.94 filler filler filler filler filler Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 filler filler filler filler filler 2023/24 (Proj.) Feb 6.93 9.26 2.76 5.14 1.35 2023/24 (Proj.) Mar 6.93 9.26 2.79 5.14 1.32 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). March 2024 WASDE - 646 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,346.48 3,076.64 418.45 2,434.75 736.72 2022/23 (Est.) 2,343.34 3,072.22 426.98 2,413.91 726.04 filler filler filler filler filler 2023/24 (Proj.) Feb 2,350.42 3,066.54 421.19 2,450.71 697.86 2023/24 (Proj.) Mar 2,350.36 3,068.50 426.06 2,453.20 697.10 filler filler filler filler filler Wheat 2021/22 735.25 993.49 181.11 760.75 254.40 2022/23 (Est.) 744.28 995.36 199.52 760.40 255.60 filler filler filler filler filler 2023/24 (Proj.) Feb 736.43 988.19 190.96 766.38 241.54 2023/24 (Proj.) Mar 737.39 989.04 192.81 767.84 240.52 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,104.20 1,391.24 183.10 1,160.94 300.82 2022/23 (Est.) 1,089.57 1,387.14 175.25 1,137.96 294.22 filler filler filler filler filler 2023/24 (Proj.) Feb 1,107.19 1,397.52 181.38 1,166.58 290.48 2023/24 (Proj.) Mar 1,104.52 1,396.15 183.46 1,167.64 288.19 filler filler filler filler filler Rice, milled 2021/22 507.03 691.91 54.25 513.06 181.50 2022/23 (Est.) 509.49 689.73 52.21 515.55 176.22 filler filler filler filler filler 2023/24 (Proj.) Feb 506.80 680.82 48.85 517.75 165.83 2023/24 (Proj.) Mar 508.46 683.31 49.79 517.72 168.38 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 114.49 192.16 43.19 116.11 76.42 2022/23 (Est.) 116.26 192.68 36.96 111.16 82.97 filler filler filler filler filler 2023/24 (Proj.) Feb 112.82 195.79 42.87 112.46 83.70 2023/24 (Proj.) Mar 112.96 195.92 43.26 112.94 83.34 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 filler filler filler filler filler 2023/24 (Proj.) Feb 12.43 16.69 12.30 1.75 2.80 2023/24 (Proj.) Mar 12.10 16.36 12.30 1.75 2.50 filler filler filler filler filler Foreign 4/ 2021/22 96.96 171.48 28.71 113.56 72.37 2022/23 (Est.) 101.79 174.16 24.20 109.11 78.72 filler filler filler filler filler 2023/24 (Proj.) Feb 100.39 179.10 30.57 110.71 80.90 2023/24 (Proj.) Mar 100.86 179.57 30.96 111.19 80.84 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. March 2024 WASDE - 646 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.75 725.70 179.44 512.35 113.14 2022/23 (Est.) 637.28 750.42 202.13 524.69 120.76 filler filler filler filler filler 2023/24 (Proj.) Feb 659.40 781.76 197.13 541.85 133.37 2023/24 (Proj.) Mar 658.68 779.44 199.63 541.25 131.36 filler filler filler filler filler Oilmeals 2021/22 351.19 371.13 96.38 348.35 20.53 2022/23 (Est.) 357.23 377.76 97.22 355.85 17.56 filler filler filler filler filler 2023/24 (Proj.) Feb 369.79 387.42 101.51 364.17 19.28 2023/24 (Proj.) Mar 369.37 386.93 101.85 364.42 18.83 filler filler filler filler filler Vegetable Oils 2021/22 208.15 237.17 79.66 202.77 29.30 2022/23 (Est.) 217.81 247.11 88.65 210.40 31.36 filler filler filler filler filler 2023/24 (Proj.) Feb 222.83 254.24 89.60 217.98 31.13 2023/24 (Proj.) Mar 222.85 254.21 88.99 218.16 30.85 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.16 8.85 filler filler filler filler filler 2023/24 (Proj.) Feb 122.37 132.70 47.97 66.59 10.14 2023/24 (Proj.) Mar 122.37 132.65 48.05 66.66 10.10 filler filler filler filler filler Oilmeals 2021/22 49.23 53.19 12.46 40.38 0.35 2022/23 (Est.) 49.94 54.60 13.50 40.69 0.41 filler filler filler filler filler 2023/24 (Proj.) Feb 51.45 56.09 14.09 41.56 0.44 2023/24 (Proj.) Mar 51.56 56.21 14.54 41.23 0.44 filler filler filler filler filler Vegetable Oils 2021/22 13.05 19.61 1.05 17.27 1.30 2022/23 (Est.) 13.18 20.75 0.33 19.28 1.14 filler filler filler filler filler 2023/24 (Proj.) Feb 13.54 21.27 0.30 19.86 1.11 2023/24 (Proj.) Mar 13.55 21.35 0.29 19.94 1.11 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.43 584.56 119.88 448.49 104.00 2022/23 (Est.) 511.52 614.00 147.02 460.52 111.92 filler filler filler filler filler 2023/24 (Proj.) Feb 537.03 649.07 149.16 475.26 123.23 2023/24 (Proj.) Mar 536.31 646.79 151.58 474.59 121.26 filler filler filler filler filler Oilmeals 2021/22 301.96 317.94 83.92 307.97 20.18 2022/23 (Est.) 307.29 323.17 83.73 315.17 17.14 filler filler filler filler filler 2023/24 (Proj.) Feb 318.34 331.33 87.43 322.60 18.83 2023/24 (Proj.) Mar 317.81 330.72 87.31 323.20 18.39 filler filler filler filler filler Vegetable Oils 2021/22 195.10 217.55 78.61 185.50 28.00 2022/23 (Est.) 204.63 226.36 88.32 191.13 30.23 filler filler filler filler filler 2023/24 (Proj.) Feb 209.29 232.97 89.30 198.12 30.02 2023/24 (Proj.) Mar 209.29 232.86 88.70 198.22 29.74 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. March 2024 WASDE - 646 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 570 570 Production 1,646 1,650 1,812 1,812 Imports 96 122 145 145 Supply, Total 2,588 2,446 2,527 2,527 Food 971 973 960 960 Seed 58 68 64 64 Feed and Residual 88 77 120 120 Domestic, Total 1,117 1,118 1,144 1,144 Exports 796 759 725 710 Use, Total 1,913 1,876 1,869 1,854 Ending Stocks 674 570 658 673 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.20 7.15 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2,446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1,118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1,876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1,812 Imports 23 65 8 5 44 145 Supply, Total 3/ 847 688 547 314 131 2,527 Food 378 255 160 84 83 960 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 281 263 85 85 1,144 Exports 135 230 165 155 25 710 Use, Total 565 511 428 240 110 1,854 Ending Stocks, Total Mar 282 177 119 74 21 673 Ending Stocks, Total Feb 279 177 111 74 17 658 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. March 2024 WASDE - 646 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Million Acres Area Planted 105.5 100.0 107.5 107.5 Area Harvested 94.1 86.6 96.0 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.19 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.1 37.1 Production 396.0 356.1 402.6 402.6 Imports 2.3 2.9 2.3 2.3 Supply, Total 432.4 396.5 442.0 442.0 Feed and Residual 147.4 142.3 147.5 147.5 Food, Seed & Industrial 177.0 172.1 177.0 176.9 Domestic, Total 324.4 314.4 324.6 324.4 Exports 70.5 45.0 59.5 59.7 Use, Total 394.9 359.4 384.1 384.1 Ending Stocks 37.5 37.1 58.0 57.9 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Million Acres Area Planted 92.9 88.2 94.6 94.6 Area Harvested 85.0 78.7 86.5 86.5 Bushels Yield per Harvested Acre 176.7 173.4 177.3 177.3 Million Bushels Beginning Stocks 1,235 1,377 1,360 1,360 Production 15,018 13,651 15,342 15,342 Imports 24 39 25 25 Supply, Total 16,277 15,066 16,727 16,727 Feed and Residual 5,671 5,487 5,675 5,675 Food, Seed & Industrial 2/ 6,757 6,558 6,780 6,780 Ethanol & by -products 3/ 5,320 5,176 5,375 5,375 Domestic, Total 12,427 12,045 12,455 12,455 Exports 2,472 1,661 2,100 2,100 Use, Total 14,900 13,706 14,555 14,555 Ending Stocks 1,377 1,360 2,172 2,172 Avg. Farm Price ($/bu) 4/ 6.00 6.54 4.80 4.75 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing- year weighted average price received by farmers. March 2024 WASDE - 646 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 7.2 7.2 Area Harvested (mil. acres) 6.5 4.6 6.1 6.1 Yield (bushels/acre) 69.0 41.1 52.0 52.0 Beginning Stocks 20 47 24 24 Production 448 188 318 318 Imports 0 0 0 0 Supply, Total 468 235 342 342 Feed and Residual 80 42 45 45 Food, Seed & Industrial 45 59 35 30 Total Domestic 125 102 80 75 Exports 296 109 240 245 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg. Farm Price ($/bu) 2/ 5.94 5.94 4.85 4.85 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.1 3.1 Area Harvested (mil. acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 14 15 Supply, Total 207 235 265 266 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 4 Use, Total 170 169 188 189 Ending Stocks 37 66 77 77 Avg. Farm Price ($/bu) 2/ 5.31 7.40 7.50 7.40 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.6 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 80 77 Supply, Total 159 174 172 169 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 39 36 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.70 3.80 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. March 2024 WASDE - 646 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Million Acres Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Fil ler Pounds Yield per Harvested Acre 7,710 7,385 7,649 7,649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 43.0 43.0 Supply, Total 272.5 239.7 291.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 87.0 88.0 Rough 28.2 18.1 33.0 36.0 Milled (rough equiv.) 55.3 46.2 54.0 52.0 Use, Total 232.8 209.4 249.0 250.0 Ending Stocks 39.7 30.3 42.5 41.5 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.80 18.40 18.80 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Harvested Acres (mil.) 1.93 1.78 2.05 2.05 Yield (pounds/acre) 7,471 7,225 7,524 7,524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 36.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 211.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 125.0 Exports 8/ 62.0 49.8 63.0 66.0 Use, Total 179.7 163.8 188.0 191.0 Ending Stocks 24.6 21.2 23.0 20.0 Avg. Farm Price ($/cwt) 6/ 13.60 16.70 16.00 16.10 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8,546 8,118 7,963 7,963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 24.0 22.0 Use, Total 53.1 45.6 61.0 59.0 Ending Stocks 13.0 6.8 17.2 19.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 26.00 27.50 California 10/ 31.90 40.90 30.00 32.00 Other States 1/ 13.90 18.20 17.50 18.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. March 2024 WASDE - 646 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.4 82.4 Fil ler Bushels Yield per Harvested Acre 51.7 49.6 50.6 50.6 Million Bushels Beginning Stocks 257 274 264 264 Production 4,464 4,270 4,165 4,165 Imports 16 25 30 30 Supply, Total 4,737 4,569 4,459 4,459 Crushings 2,204 2,212 2,300 2,300 Exports 2,152 1,992 1,720 1,720 Seed 102 97 102 102 Residual 5 4 22 22 Use, Total 4,463 4,305 4,144 4,144 Ending Stocks 274 264 315 315 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.65 12.65 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,602 1,607 Production 4/ 26,155 26,227 27,025 27,025 Imports 303 376 450 450 Supply, Total 28,589 28,594 29,077 29,082 Domestic Disappearance 24,827 26,609 27,200 27,200 Biofuel 3/ 10,379 12,491 13,000 13,000 Food, Feed & other Industrial 14,449 14,118 14,200 14,200 Exports 1,771 378 300 300 Use, Total 26,598 26,987 27,500 27,500 Ending stocks 1,991 1,607 1,577 1,582 Avg. Price (c/lb) 2/ 72.98 65.26 51.00 49.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. February March Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 371 371 Production 4/ 51,814 52,493 54,154 54,254 Imports 655 632 600 600 Supply, Total 52,810 53,436 55,125 55,225 Domestic Disappearance 38,959 38,402 39,425 39,025 Exports 13,540 14,664 15,300 15,800 Use, Total 52,499 53,065 54,725 54,825 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,219 million bushels for 2022/23 and 2,300 million bushels for 2023/24. March 2024 WASDE - 646 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,843 1,843 Production 2/ 9,157 9,250 9,352 9,243 Beet Sugar 5,155 5,187 5,327 5,172 Cane Sugar 4,002 4,063 4,024 4,071 Florida 1,934 1,985 2,045 2,095 Louisiana 1,944 2,001 1,935 1,936 Texas 124 76 44 40 Imports 3,646 3,614 3,326 3,331 TRQ 3/ 1,579 1,862 1,612 1,750 Other Program 4/ 298 141 200 200 Non-program 1,769 1,611 1,514 1,381 Mexico 1,379 1,156 799 666 High -tier tariff/other 390 455 715 715 Total Supply 14,508 14,685 14,520 14,416 Exports 29 82 160 160 Deliveries 12,578 12,589 12,555 12,555 Food 12,470 12,473 12,450 12,450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12,688 12,843 12,715 12,715 Ending Stocks 1,820 1,843 1,805 1,701 Stocks to Use Ratio 14.3 14.3 14.2 13.4 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ short fall (161) and for 2023/24 (92). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries fo r livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 304; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Feb 964 5,224 285 4,627 1,011 835 2022/23 Est. Mar 964 5,224 285 4,627 1,011 835 2023/24 Proj. Feb 835 4,875 547 4,648 709 900 2023/24 Proj. Mar 835 4,747 494 4,593 595 889 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,392; Projected 2023/24 = 1,407; Estimated Oct.2023 -Jan. 2024 = 464; Estimated Oct. -Jan. 2023 = 456. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (405 est =387 dom.+18 import); 2023/24 (400 proj = 375 dom.+25 import). Statistical Adjustments: 2022/23 (29), 2023/24 (0). March 2024 WASDE - 646 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Feb Mar Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 7.06 7.06 Fil ler Pounds Yield per Harvested Acre 820 953 845 822 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.43 12.10 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.69 16.36 Domestic Use 2.55 2.05 1.75 1.75 Exports, Total 14.48 12.77 12.30 12.30 Use, Total 17.03 14.82 14.05 14.05 Unaccounted 2/ -0.40 -0.55 -0.16 -0.20 Ending Stocks 4.05 4.25 2.80 2.50 Avg. Farm Price 3/ 91.4 84.8 77.0 77.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ C ents per pound for upland cotton. March 2024 WASDE - 646 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.86 780.05 199.93 160.19 791.16 202.77 272.75 World Less China 144.74 643.11 190.36 125.19 643.16 201.89 135.99 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.86 735.25 197.31 157.79 760.75 181.11 254.40 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.06 204.04 130.32 54.87 323.89 15.28 172.25 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.85 21.28 26.61 1.87 47.02 0.41 12.31 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.75 789.17 211.26 153.97 790.83 220.17 271.10 World Less China 135.99 651.45 197.98 120.97 642.83 219.23 132.28 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.40 744.28 207.94 151.88 760.40 199.52 255.60 Major Exporters 4/ 41.21 335.12 13.21 74.76 182.15 160.78 46.61 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.25 206.12 133.35 50.89 320.40 15.13 176.18 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.31 17.24 29.12 1.67 46.42 0.77 11.48 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.43 24.60 3.68 39.53 0.65 11.76 Southeast Asia 9/ 4.64 0.00 24.54 7.55 24.35 1.28 3.55 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancie s in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines , Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2024 WASDE - 646 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 271.21 785.74 209.89 160.46 797.52 210.69 259.44 Mar 271.10 786.70 211.21 162.06 798.98 212.13 258.83 World Less China Feb 132.40 649.15 197.89 123.46 644.02 209.79 126.43 Mar 132.28 650.11 200.21 125.06 645.48 211.23 126.82 United States Feb 15.50 49.31 3.95 3.27 31.14 19.73 17.90 Mar 15.50 49.31 3.95 3.27 31.14 19.32 18.30 Total Foreign Feb 255.71 736.43 205.95 157.19 766.38 190.96 241.54 Mar 255.60 737.39 207.27 158.80 767.84 192.81 240.52 Major Exporters 4/ Feb 46.76 321.35 13.19 76.20 183.90 156.50 40.90 Mar 46.61 322.40 14.23 76.90 184.60 158.00 40.65 Argentina Feb 4.07 15.50 0.01 0.20 6.70 10.50 2.38 Mar 4.07 15.90 0.05 0.20 6.70 10.50 2.82 Australia Feb 4.37 25.50 0.20 3.50 7.00 19.50 3.57 Mar 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Canada Feb 3.66 31.95 0.60 3.50 8.70 24.00 3.51 Mar 3.51 31.95 0.60 3.50 8.70 24.00 3.37 European Union 5/ Feb 16.52 134.00 12.00 46.00 110.50 36.50 15.52 Mar 16.52 133.65 13.00 47.00 111.50 36.50 15.17 Russia Feb 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Mar 14.64 91.50 0.30 20.00 43.00 51.00 12.44 Ukraine Feb 3.50 23.40 0.08 3.00 8.00 15.00 3.98 Mar 3.50 23.40 0.08 2.70 7.70 16.00 3.28 Major Importers 6/ Feb 176.18 207.54 129.92 54.87 327.69 16.80 169.16 Mar 176.18 207.54 130.32 55.52 328.54 17.10 168.41 Bangladesh Feb 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Mar 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Feb 1.82 8.10 5.60 0.80 12.20 2.20 1.12 Mar 1.82 8.10 5.60 0.80 12.20 2.20 1.12 China Feb 138.82 136.59 12.00 37.00 153.50 0.90 133.01 Mar 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Japan Feb 1.14 1.12 5.30 0.65 6.15 0.30 1.11 Mar 1.14 1.12 5.30 0.65 6.15 0.30 1.11 N. Africa 7/ Feb 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Mar 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Nigeria Feb 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Mar 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Feb 11.56 20.77 22.12 3.52 40.24 0.88 13.34 Mar 11.76 20.77 21.62 3.52 40.04 0.88 13.24 Southeast Asia 9/ Feb 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Mar 3.55 0.00 26.90 7.75 25.20 1.12 4.13 Selected Other India Feb 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Mar 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Kazakhstan Feb 3.27 12.11 2.00 1.00 5.95 10.00 1.43 Mar 3.27 12.11 2.50 1.30 6.25 10.00 1.63 United Kingdom Feb 2.50 14.00 2.10 7.30 15.40 0.80 2.40 Mar 2.50 14.00 2.40 7.30 15.50 0.80 2.60 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman . 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2024 WASDE - 646 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 323.64 1,500.50 230.11 906.29 1,485.85 253.62 338.29 World Less China 115.95 1,219.51 188.61 678.26 1,165.63 253.61 128.35 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.63 1,104.20 227.52 758.80 1,160.94 183.10 300.82 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.88 149.16 27.43 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.41 32.93 8.84 Major Importers 5/ 36.21 248.14 138.72 285.13 369.55 15.34 38.17 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.16 28.95 40.50 60.61 69.30 0.69 6.63 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.69 280.99 41.50 228.03 320.23 0.01 209.94 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 338.29 1,446.02 213.16 888.21 1,452.96 220.29 331.36 World Less China 128.35 1,161.52 180.54 658.96 1,132.51 220.28 124.76 United States 37.48 356.45 3.25 142.41 315.00 45.04 37.14 Total Foreign 300.82 1,089.57 209.90 745.80 1,137.96 175.25 294.22 Major Exporters 4/ 27.43 329.40 4.50 137.01 185.18 145.91 30.24 Argentina 2.63 42.84 0.02 9.10 15.03 28.51 1.95 Australia 3.61 18.84 0.00 5.72 7.60 10.98 3.87 Brazil 4.50 141.60 1.95 67.55 81.69 54.32 12.04 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.16 29.92 3.71 Major Importers 5/ 38.17 229.79 136.17 273.64 356.50 13.08 34.55 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.31 33.13 55.67 63.65 1.07 6.35 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.94 284.50 32.62 229.25 320.45 0.01 206.60 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grai n in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Afr ica and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2024 WASDE - 646 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 330.09 1,510.08 229.22 915.15 1,491.70 240.92 348.47 Mar 331.36 1,507.41 229.40 914.29 1,492.63 243.15 346.14 World Less China Feb 123.36 1,212.94 189.77 675.70 1,161.00 240.89 135.87 Mar 124.76 1,210.26 189.55 674.44 1,161.53 243.12 133.67 United States Feb 37.14 402.89 2.63 147.65 325.12 59.54 57.99 Mar 37.14 402.89 2.60 147.64 324.99 59.69 57.94 Total Foreign Feb 292.95 1,107.19 226.59 767.50 1,166.58 181.38 290.48 Mar 294.22 1,104.52 226.81 766.65 1,167.64 183.46 288.19 Major Exporters 4/ Feb 29.02 331.04 5.20 139.55 189.05 151.31 24.91 Mar 30.24 330.30 5.31 139.87 189.15 153.86 22.84 Argentina Feb 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Mar 1.95 64.28 0.02 11.61 17.77 46.50 1.97 Australia Feb 3.87 13.34 0.00 5.61 7.49 7.66 2.07 Mar 3.87 14.34 0.00 5.61 7.49 8.36 2.37 Brazil Feb 10.84 129.33 1.73 68.28 83.31 52.06 6.52 Mar 12.04 129.33 1.73 69.28 84.31 52.06 6.72 Canada Feb 3.72 27.16 3.25 17.06 25.00 5.93 3.19 Mar 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Russia Feb 2.32 42.94 0.10 22.79 31.94 11.39 2.04 Mar 2.32 42.54 0.10 22.39 31.54 11.39 2.04 Ukraine Feb 3.71 37.62 0.02 6.81 9.31 25.37 6.68 Mar 3.71 36.62 0.02 6.81 9.31 26.87 4.18 Major Importers 5/ Feb 34.54 230.11 144.08 280.29 364.11 13.55 31.07 Mar 34.55 228.78 143.58 278.63 362.58 13.40 30.93 European Union 6/ Feb 14.68 134.78 25.10 110.15 150.25 10.66 13.65 Mar 14.68 134.78 24.10 109.15 149.25 10.66 13.65 Japan Feb 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mar 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Feb 5.20 30.36 20.33 32.48 52.48 0.20 3.20 Mar 5.20 29.19 21.43 32.78 52.73 0.05 3.03 N. Afr & Mideast 7/ Feb 6.34 33.53 37.79 61.63 69.83 2.07 5.75 Mar 6.35 33.36 37.89 61.37 69.74 2.07 5.79 Saudi Arabia Feb 1.41 0.15 8.41 8.22 8.56 0.00 1.41 Mar 1.41 0.15 7.71 7.52 7.86 0.00 1.41 Southeast Asia 8/ Feb 3.04 30.81 18.86 40.40 48.95 0.61 3.13 Mar 3.04 30.81 19.06 40.60 49.15 0.61 3.13 South Korea Feb 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Mar 1.91 0.16 11.71 9.34 11.83 0.00 1.95 Selected Other China Feb 206.73 297.14 39.45 239.45 330.70 0.03 212.60 Mar 206.60 297.14 39.85 239.85 331.10 0.03 212.47 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philip pines, Thailand, and Vietnam. March 2024 WASDE - 646 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.94 1,215.97 184.45 743.28 1,198.27 206.39 310.65 World Less China 87.24 943.42 162.56 534.28 907.27 206.38 101.51 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.50 183.83 599.25 882.60 143.58 275.67 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.65 1,157.53 172.58 729.58 1,166.56 180.19 301.62 World Less China 101.51 880.33 153.87 511.58 867.56 180.18 95.58 United States 34.98 346.74 0.98 139.37 305.95 42.20 34.55 Total Foreign 275.67 810.79 171.60 590.21 860.61 137.99 267.07 Major Exporters 4/ 16.45 232.93 1.39 90.90 116.20 115.92 18.64 Argentina 1.80 36.00 0.02 7.50 11.70 25.00 1.11 Brazil 3.97 137.00 1.30 63.50 76.50 54.30 11.47 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 7.00 13.10 3.60 2.35 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2024 WASDE - 646 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Feb 300.25 1,232.57 189.82 761.75 1,210.76 200.82 322.06 Mar 301.62 1,230.24 189.48 761.62 1,212.24 202.27 319.63 World Less China Feb 94.21 943.73 166.82 536.75 904.76 200.80 110.20 Mar 95.58 941.40 166.48 536.62 906.24 202.25 107.76 United States Feb 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Mar 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Total Foreign Feb 265.70 842.88 189.18 617.60 894.39 147.47 266.89 Mar 267.07 840.55 188.85 617.46 895.86 148.92 264.46 Major Exporters 4/ Feb 17.44 243.30 1.29 95.10 121.80 124.70 15.53 Mar 18.64 241.60 1.29 95.30 121.70 126.70 13.13 Argentina Feb 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Mar 1.11 56.00 0.02 9.80 14.10 42.00 1.03 Brazil Feb 10.27 124.00 1.20 63.50 77.50 52.00 5.97 Mar 11.47 124.00 1.20 64.50 78.50 52.00 6.17 Russia Feb 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Mar 0.91 16.60 0.05 10.10 11.20 5.30 1.06 South Africa Feb 2.35 16.80 0.00 7.30 13.60 3.40 2.15 Mar 2.35 15.50 0.00 6.90 12.90 2.90 2.05 Ukraine Feb 2.80 30.50 0.02 4.00 5.00 23.00 5.32 Mar 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Major Importers 5/ Feb 19.98 123.24 100.95 164.70 221.05 5.01 18.11 Mar 19.98 122.24 100.95 164.00 220.35 4.86 17.96 Egypt Feb 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Mar 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Feb 7.23 60.10 23.00 58.00 78.90 4.20 7.23 Mar 7.23 60.10 22.00 57.00 77.90 4.20 7.23 Japan Feb 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mar 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Feb 4.50 25.00 19.60 27.70 46.30 0.20 2.60 Mar 4.50 24.00 20.60 28.00 46.60 0.05 2.45 Southeast Asia 7/ Feb 3.03 30.76 17.95 39.70 48.00 0.61 3.13 Mar 3.03 30.76 18.15 39.90 48.20 0.61 3.13 South Korea Feb 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Mar 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada Feb 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Mar 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Feb 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Mar 206.04 288.84 23.00 225.00 306.00 0.02 211.86 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. March 2024 WASDE - 646 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.47 513.10 54.45 517.80 56.90 182.76 World Less China 70.97 364.11 48.51 361.44 54.82 69.76 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.08 507.03 53.26 513.06 54.25 181.50 Major Exporters 4/ 47.22 197.74 1.76 158.75 43.91 44.06 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.79 9.32 0.01 3.90 4.82 2.40 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.40 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.76 514.57 55.18 520.16 54.25 177.18 World Less China 69.76 368.63 50.79 365.16 52.52 70.58 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 181.50 509.49 53.91 515.55 52.21 176.22 Major Exporters 4/ 44.06 202.70 1.86 162.51 42.55 43.57 Burma 0.88 11.80 0.01 10.20 1.58 0.91 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.40 7.30 0.01 3.90 3.76 2.04 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.66 26.94 1.80 21.40 8.23 1.77 Major Importers 5/ 125.49 238.73 23.40 263.94 2.16 121.51 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.31 3.35 0.39 0.81 Indonesia 2.90 34.00 3.50 35.70 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.00 7.00 1.20 0.52 C. Amer & Carib 8/ 0.57 1.54 1.96 3.38 0.05 0.64 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2024 WASDE - 646 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Feb 176.35 513.74 49.23 522.90 51.62 167.18 Mar 177.18 515.39 50.07 522.87 52.58 169.70 World Less China Feb 69.75 369.12 47.13 372.98 49.62 65.78 Mar 70.58 370.77 47.97 372.95 50.58 68.30 United States Feb 0.96 6.93 1.37 5.14 2.76 1.35 Mar 0.96 6.93 1.37 5.14 2.79 1.32 Total Foreign Feb 175.38 506.80 47.87 517.75 48.85 165.83 Mar 176.22 508.46 48.71 517.72 49.79 168.38 Major Exporters 4/ Feb 42.37 199.95 1.51 165.60 38.70 39.53 Mar 43.57 201.95 1.71 165.80 39.50 41.93 Burma Feb 0.91 11.95 0.00 10.25 1.80 0.81 Mar 0.91 11.95 0.00 10.25 1.80 0.81 India Feb 35.00 132.00 0.00 118.00 16.00 33.00 Mar 35.00 134.00 0.00 118.00 16.00 35.00 Pakistan Feb 0.84 9.00 0.01 3.65 5.10 1.10 Mar 2.04 9.00 0.01 3.95 5.50 1.60 Thailand Feb 3.85 20.00 0.10 12.50 8.20 3.25 Mar 3.85 20.00 0.10 12.40 8.40 3.15 Vietnam Feb 1.77 27.00 1.40 21.20 7.60 1.37 Mar 1.77 27.00 1.60 21.20 7.80 1.37 Major Importers 5/ Feb 121.52 236.72 19.80 260.32 2.46 115.27 Mar 121.51 236.52 20.50 260.22 2.42 115.89 China Feb 106.60 144.62 2.10 149.92 2.00 101.40 Mar 106.60 144.62 2.10 149.92 2.00 101.40 European Union 6/ Feb 0.81 1.43 2.40 3.40 0.40 0.84 Mar 0.81 1.43 2.20 3.30 0.36 0.78 Indonesia Feb 4.70 33.50 2.90 36.00 0.00 5.10 Mar 4.70 33.50 3.50 36.10 0.00 5.60 Nigeria Feb 2.18 5.23 1.90 7.60 0.00 1.70 Mar 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Feb 3.48 12.50 3.90 16.50 0.00 3.38 Mar 3.48 12.30 4.20 16.50 0.00 3.48 Sel. Mideast 7/ Feb 1.28 2.02 4.65 6.75 0.00 1.20 Mar 1.27 2.02 4.65 6.65 0.00 1.29 Selected Other Brazil Feb 0.70 7.48 0.90 7.00 1.30 0.78 Mar 0.52 7.48 0.90 7.00 1.30 0.60 C. Amer & Carib 8/ Feb 0.64 1.52 1.82 3.31 0.04 0.64 Mar 0.64 1.52 1.77 3.26 0.03 0.63 Egypt Feb 0.60 3.78 0.35 4.10 0.01 0.63 Mar 0.60 3.78 0.35 4.10 0.01 0.63 Japan Feb 1.77 7.30 0.69 8.06 0.12 1.57 Mar 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Feb 0.09 0.15 0.83 0.98 0.01 0.08 Mar 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Feb 1.35 3.70 0.46 3.93 0.10 1.48 Mar 1.35 3.70 0.46 3.93 0.10 1.48 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. March 2024 WASDE - 646 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 77.67 114.49 42.96 116.11 43.19 -0.60 76.42 World Less China 40.38 87.69 35.12 82.36 43.07 -0.60 38.36 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.96 42.96 113.56 28.71 -0.20 72.37 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.46 -0.20 23.32 Central Asia 5/ 3.07 5.03 0.06 4.24 1.47 0.00 2.46 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.71 0.19 4.38 12.47 -0.19 11.00 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 76.42 116.26 37.69 111.16 36.96 -0.72 82.97 World Less China 38.36 85.56 31.46 73.66 36.87 -0.72 45.56 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.37 101.79 37.69 109.11 24.20 -0.18 78.72 Major Exporters 4/ 23.32 55.83 2.40 31.94 19.92 -0.19 29.89 Central Asia 5/ 2.46 5.64 0.03 3.56 1.12 0.00 3.44 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 S. Hemis. 7/ 11.00 19.32 0.14 4.21 13.37 -0.19 13.08 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. March 2024 WASDE - 646 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Feb 82.97 112.82 42.88 112.46 42.87 -0.36 83.70 Mar 82.97 112.96 43.23 112.94 43.26 -0.40 83.34 World Less China Feb 45.56 85.32 30.88 75.46 42.82 -0.36 43.84 Mar 45.56 85.46 30.33 75.44 43.21 -0.40 43.09 United States Feb 4.25 12.43 0.01 1.75 12.30 -0.16 2.80 Mar 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 filler filler filler filler filler filler filler Total Foreign Feb 78.72 100.39 42.87 110.71 30.57 -0.20 80.90 Mar 78.72 100.86 43.23 111.19 30.96 -0.20 80.84 Major Exporters 4/ Feb 29.89 57.45 1.74 32.82 26.07 -0.20 30.39 Mar 29.89 57.91 1.73 33.13 26.36 -0.20 30.24 Central Asia 5/ Feb 3.44 5.18 0.08 3.99 1.38 0.00 3.34 Mar 3.44 5.24 0.08 4.00 1.32 0.00 3.45 Afr. Fr. Zone 6/ Feb 1.19 4.93 3/ 0.10 4.63 0.00 1.39 Mar 1.19 4.93 3/ 0.10 4.58 0.00 1.44 S. Hemis. 7/ Feb 13.08 21.86 0.17 4.36 18.14 -0.20 12.81 Mar 13.08 21.76 0.16 4.36 18.14 -0.20 12.70 Australia Feb 4.77 4.80 3/ 0.01 5.65 -0.20 4.11 Mar 4.77 4.80 3/ 0.01 5.75 -0.20 4.01 filler filler filler filler filler filler filler Brazil Feb 5.76 14.56 0.02 3.30 11.20 0.00 5.84 Mar 5.76 14.56 0.01 3.30 11.20 0.00 5.83 India Feb 11.82 25.00 1.00 23.70 1.60 0.00 12.52 Mar 11.82 25.50 1.00 24.00 2.00 0.00 12.32 Major Importers 8/ Feb 45.87 39.54 38.60 74.04 2.68 0.00 47.29 Mar 45.87 39.54 38.99 74.23 2.78 0.00 47.39 Mexico Feb 0.43 0.93 0.70 1.50 0.25 0.00 0.30 Mar 0.43 0.93 0.70 1.50 0.25 0.00 0.30 China Feb 37.40 27.50 12.00 37.00 0.05 0.00 39.85 Mar 37.40 27.50 12.90 37.50 0.05 0.00 40.25 European Union 9/ Feb 0.39 1.05 0.56 0.59 1.13 0.00 0.29 Mar 0.39 1.05 0.55 0.57 1.13 0.00 0.29 Turkey Feb 2.63 3.20 4.00 7.20 1.15 0.00 1.48 Mar 2.63 3.20 3.80 7.00 1.25 0.00 1.38 Pakistan Feb 1.53 6.70 3.60 9.80 0.08 0.00 1.95 Mar 1.53 6.70 3.40 9.80 0.08 0.00 1.75 Indonesia Feb 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Mar 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Feb 0.14 3/ 0.53 0.53 0.00 0.00 0.14 Mar 0.14 3/ 0.50 0.50 0.00 0.00 0.14 Bangladesh Feb 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Mar 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Feb 1.05 3/ 6.80 6.80 0.00 0.00 1.05 Mar 1.05 3/ 6.80 6.80 0.00 0.00 1.05 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on suppl y less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso , Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. March 2024 WASDE - 646 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 98.27 360.41 155.31 316.60 365.84 154.22 93.93 World Less China 69.41 344.02 65.01 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 91.27 238.91 154.88 256.62 302.95 95.65 86.46 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 32.24 20.29 122.51 118.84 146.62 0.42 28.00 China 28.86 16.40 90.30 90.00 110.30 0.10 25.15 European Union 1.56 2.83 14.54 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 93.93 378.06 168.03 315.18 365.90 171.96 102.15 World Less China 68.78 357.77 63.53 219.18 248.40 171.87 69.81 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 86.46 261.83 167.36 254.98 302.95 117.75 94.96 Major Exporters 3/ 51.93 197.75 9.26 86.91 97.18 106.99 54.78 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 162.00 0.15 53.10 56.90 95.51 37.35 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 28.00 23.74 135.66 123.47 152.41 0.33 34.66 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.68 2.55 13.14 14.30 15.88 0.23 1.26 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Feb 103.57 398.21 167.85 329.29 383.03 170.57 116.03 Mar 102.15 396.85 170.78 328.19 381.90 173.61 114.27 World Less China Feb 69.78 377.37 65.85 231.29 262.53 170.47 80.00 Mar 69.81 376.01 65.78 230.19 261.40 173.51 76.69 United States Feb 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Mar 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Total Foreign Feb 96.38 284.87 167.03 266.70 317.06 123.76 107.46 Mar 94.96 283.51 169.96 265.60 315.93 126.80 105.70 Major Exporters 3/ Feb 54.78 219.20 6.58 92.85 104.14 113.30 63.12 Mar 54.78 218.20 6.58 92.10 103.39 116.30 59.87 Argentina Feb 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Mar 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Feb 37.35 156.00 0.45 53.75 57.50 100.00 36.30 Mar 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Paraguay Feb 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Mar 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Major Importers 4/ Feb 36.08 24.76 135.34 126.63 157.04 0.42 38.72 Mar 34.66 24.76 138.29 126.60 157.01 0.42 40.29 China Feb 33.79 20.84 102.00 98.00 120.50 0.10 36.03 Mar 32.34 20.84 105.00 98.00 120.50 0.10 37.58 European Union Feb 1.22 3.06 13.80 14.90 16.49 0.30 1.29 Mar 1.26 3.06 13.80 14.90 16.49 0.30 1.33 Southeast Asia 5/ Feb 0.67 0.47 9.64 4.63 9.81 0.02 0.95 Mar 0.67 0.47 9.59 4.59 9.78 0.01 0.94 Mexico Feb 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Mar 0.22 0.14 6.40 6.48 6.54 0.00 0.22 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. March 2024 WASDE - 646 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 16.30 248.42 67.15 246.12 68.83 16.92 World Less China 15.34 177.14 67.10 175.02 68.34 16.21 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.99 201.41 66.56 210.77 56.54 16.64 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.00 22.60 38.39 59.60 1.12 2.28 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.18 3.47 18.33 21.28 0.33 1.37 China 0.96 71.28 0.06 71.10 0.48 0.71 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 16.92 247.82 62.67 246.50 67.21 13.70 World Less China 16.21 171.78 62.63 171.45 66.42 12.77 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.64 200.19 62.10 211.66 53.91 13.37 Major Exporters 3/ 7.10 73.03 0.10 30.33 43.96 5.95 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.54 57.82 0.98 1.58 European Union 0.66 11.30 16.01 26.79 0.74 0.44 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.32 20.55 0.24 0.96 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 13.64 258.52 66.77 253.72 70.05 15.15 Mar 13.70 257.76 66.95 253.49 70.03 14.89 World Less China Feb 12.76 180.90 66.72 176.97 69.05 14.36 Mar 12.77 180.15 66.90 176.74 69.03 14.04 United States Feb 0.34 49.13 0.54 35.77 13.88 0.36 Mar 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign Feb 13.30 209.39 66.22 217.96 56.17 14.79 Mar 13.37 208.55 66.41 218.09 55.70 14.53 Major Exporters 3/ Feb 5.92 77.75 0.07 31.33 46.10 6.31 Mar 5.95 77.17 0.07 31.23 45.90 6.06 Argentina Feb 2.36 27.69 0.01 3.48 24.40 2.19 Mar 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Feb 3.39 41.66 0.01 20.70 20.50 3.86 Mar 3.39 41.08 0.01 20.70 20.10 3.68 India Feb 0.17 8.40 0.05 7.16 1.20 0.27 Mar 0.20 8.40 0.05 7.05 1.40 0.20 Major Importers 4/ Feb 1.57 22.48 37.95 58.99 1.01 2.00 Mar 1.58 22.45 38.05 59.10 0.99 1.99 European Union Feb 0.44 11.77 15.80 26.84 0.70 0.46 Mar 0.44 11.77 15.80 26.84 0.70 0.46 Mexico Feb 0.15 5.12 2.05 7.13 0.00 0.19 Mar 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Feb 0.94 3.61 18.50 21.46 0.31 1.29 Mar 0.96 3.58 18.60 21.57 0.29 1.28 China Feb 0.88 77.62 0.05 76.75 1.00 0.79 Mar 0.94 77.62 0.05 76.75 1.00 0.85 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. March 2024 WASDE - 646 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.59 59.65 11.53 59.61 12.32 4.82 World Less China 4.41 43.52 11.24 42.51 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.62 47.78 11.39 48.35 11.52 3.92 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.84 19.28 6.64 26.56 0.28 0.92 China 1.18 16.13 0.29 17.10 0.11 0.39 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.82 59.35 10.67 58.30 11.64 4.91 World Less China 4.44 42.15 10.28 41.30 11.53 4.03 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.92 47.46 10.50 46.23 11.47 4.18 Major Exporters 3/ 1.50 19.59 0.65 12.15 8.27 1.32 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.92 0.61 Major Importers 4/ 0.92 20.18 6.33 25.52 0.20 1.72 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.23 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Feb 4.94 61.89 10.75 60.72 11.52 5.34 Mar 4.91 61.68 10.78 60.86 11.50 5.01 World Less China Feb 4.02 44.33 10.35 43.02 11.32 4.35 Mar 4.03 44.12 10.38 43.06 11.30 4.18 United States Feb 0.73 12.26 0.20 12.34 0.14 0.72 Mar 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Feb 4.21 49.63 10.54 48.39 11.38 4.62 Mar 4.18 49.43 10.58 48.52 11.37 4.29 Major Exporters 3/ Feb 1.32 20.86 0.43 13.25 8.10 1.25 Mar 1.32 20.72 0.43 13.25 8.10 1.10 Argentina Feb 0.33 7.01 0.00 2.25 4.75 0.34 Mar 0.33 7.01 0.00 2.25 4.80 0.29 Brazil Feb 0.30 10.35 0.03 8.43 1.85 0.40 Mar 0.30 10.21 0.03 8.43 1.75 0.36 European Union Feb 0.61 2.83 0.40 2.51 0.90 0.44 Mar 0.61 2.83 0.40 2.51 0.90 0.44 Major Importers 4/ Feb 1.77 20.79 5.87 26.18 0.28 1.97 Mar 1.72 20.79 5.87 26.28 0.28 1.82 China Feb 0.92 17.56 0.40 17.70 0.20 0.98 Mar 0.87 17.56 0.40 17.80 0.20 0.84 India Feb 0.60 1.89 3.30 5.15 0.02 0.62 Mar 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Feb 0.24 1.01 1.44 2.34 0.05 0.30 Mar 0.23 1.01 1.44 2.34 0.05 0.29 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. March 2024 WASDE - 646 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 Annual 28,291 26,996 55,471 46,207 5,222 51,999 107,470 9,117 226.4 2023 I 6,821 7,071 13,937 11,549 1,349 13,040 26,977 2,208 56.8 II 6,710 6,593 13,348 11,546 1,410 13,106 26,454 2,272 58.0 III 6,621 6,488 13,151 11,681 1,355 13,195 26,346 2,311 56.0 IV 6,812 7,149 14,006 11,611 1,343 13,090 27,097 2,352 55.5 Annual Feb Est. 26,963 27,301 54,442 46,383 5,455 52,416 106,858 9,187 226.6 Mar Est. 26,963 27,301 54,442 46,387 5,457 52,431 106,873 9,142 226.4 2024 I* 6,600 7,160 13,804 11,600 1,300 13,043 26,847 2,258 57.0 II* 6,685 6,625 13,355 11,675 1,310 13,130 26,485 2,300 57.8 III* 6,535 6,765 13,345 11,850 1,360 13,355 26,700 2,345 56.4 IV* 6,505 7,360 13,912 11,750 1,400 13,290 27,202 2,390 56.1 Annual Feb Proj. 26,185 27,880 54,246 46,775 5,395 52,740 106,986 9,305 228.2 Mar Proj. 26,325 27,910 54,415 46,875 5,370 52,818 107,233 9,293 227.3 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.30 Annual Feb Est. 175.54 58.59 124.4 140.1 192.4 20.48 Mar Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I* 179.00 55.00 128.0 97.0 250.0 20.85 II* 183.00 65.00 131.0 105.0 160.0 21.10 III* 182.00 67.00 125.0 115.0 145.0 20.90 IV* 186.00 56.00 125.0 116.0 165.0 22.10 Annual Feb Proj. 180.0 60.0 127.0 107.0 183.0 20.95 Mar Proj. 183.0 61.0 127.0 108.0 180.0 21.25 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. March 2024 WASDE - 646 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Est. Feb 723 27,032 3,727 31,483 3,038 644 27,801 58.0 Mar 723 27,032 3,727 31,483 3,038 638 27,807 58.1 2024 Proj. Feb 644 26,253 4,125 31,022 2,785 615 27,622 57.4 Mar 638 26,393 4,175 31,206 2,785 615 27,806 57.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Est. Feb 504 27,316 1,143 28,963 6,818 471 21,674 50.2 Mar 504 27,316 1,143 28,963 6,818 471 21,674 50.2 2024 Proj. Feb 471 27,895 1,195 29,561 7,080 475 22,006 50.7 Mar 471 27,925 1,185 29,582 7,130 465 21,987 50.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Est. Feb 1,256 54,535 5,154 60,945 9,861 1,136 49,948 109.5 Mar 1,256 54,535 5,154 60,945 9,861 1,130 49,954 109.5 2024 Proj. Feb 1,136 54,339 5,625 61,100 9,870 1,116 50,114 109.3 Mar 1,130 54,508 5,671 61,309 9,920 1,101 50,288 109.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,713 176 46,594 7,290 892 38,412 98.9 2023 Est. Feb 892 45,886 131 46,910 7,265 845 38,800 99.4 Mar 892 45,890 131 46,914 7,265 835 38,814 99.5 2024 Proj. Feb 845 46,275 215 47,334 7,215 860 39,259 100.1 Mar 835 46,373 215 47,423 7,165 860 39,398 100.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Est. Feb 190 5,455 43 5,687 489 244 4,954 14.8 Mar 190 5,457 43 5,689 489 243 4,957 14.8 2024 Proj. Feb 244 5,395 64 5,703 515 195 4,993 14.8 Mar 243 5,370 51 5,664 520 195 4,949 14.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,504 268 52,646 7,716 1,087 43,843 115.2 2023 Est. Feb 1,087 51,920 178 53,185 7,774 1,096 44,315 115.9 Mar 1,087 51,934 178 53,200 7,774 1,085 44,341 115.9 2024 Proj. Feb 1,096 52,239 285 53,620 7,748 1,061 44,811 116.6 Mar 1,085 52,316 272 53,673 7,703 1,061 44,909 116.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,068 5,361 114,450 17,611 2,343 94,496 226.8 2023 Est. Feb 2,343 106,455 5,332 114,130 17,635 2,232 94,263 225.3 Mar 2,343 106,470 5,332 114,145 17,635 2,215 94,295 225.4 2024 Proj. Feb 2,232 106,578 5,910 114,720 17,618 2,177 94,925 225.9 Mar 2,215 106,824 5,943 114,982 17,623 2,162 95,197 226.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. March 2024 WASDE - 646 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Feb Mar Feb Mar Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 23.1 23.1 Production 9,402.0 9,116.6 9,186.5 9,142.4 9,305.0 9,293.0 Imports 18.2 26.0 27.6 27.6 26.0 26.0 Total Supply 9,444.7 9,161.7 9,232.8 9,188.7 9,354.1 9,342.1 Use Exports 392.1 226.5 250.4 250.4 241.0 241.0 Hatching Use 1,103.9 1,117.9 1,111.8 1,111.8 1,125.0 1,125.0 Ending Stocks 19.1 18.8 23.1 23.1 22.0 22.0 Disappearance Total 7,929.5 7,798.6 7,847.6 7,803.4 7,966.1 7,954.1 Per Capita (number) 286.3 280.5 280.9 279.3 283.7 283.3 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Feb Mar Feb Mar Milk Billion Pounds Production 226.2 226.4 226.6 226.4 228.2 227.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 13.8 13.8 Marketings 225.2 225.4 225.6 225.4 227.2 226.3 Imports 6.5 7.1 7.4 7.4 7.4 7.7 Total Supply 247.4 246.8 247.3 247.1 248.3 247.7 Fat Basis Use Exports 11.5 13.4 10.6 10.6 11.7 11.1 Ending Stocks 14.3 14.4 13.8 13.8 12.0 11.9 Domestic Use 221.5 219.1 223.0 222.8 224.7 224.7 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 9.9 9.9 Marketings 225.2 225.4 225.6 225.4 227.2 226.3 Imports 5.8 6.7 6.3 6.3 6.4 6.7 Total Supply 241.9 243.2 243.5 243.3 243.5 242.8 Skim -solid Basis Use Exports 50.6 52.9 49.9 49.9 51.9 50.0 Ending Stocks 11.1 11.7 9.9 9.9 9.5 9.4 Domestic Use 180.1 178.7 183.7 183.5 182.0 183.4 Total Note: Totals may not add due to rounding. March 2024 WASDE - 646 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. Feb Mar Feb Mar Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.7593 1.7593 1.690 1.710 Butter 1.7325 2.8665 2.6170 2.6170 2.770 2.800 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.235 1.210 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.480 0.450 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 17.02 17.02 17.10 17.15 Class IV 16.09 24.47 19.12 19.12 20.20 20.10 All Milk 3/ 18.53 25.34 20.48 20.48 20.95 21.25 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. March 2024 WASDE - 646 - 35 Reliability of March Projections 1/ Note: Tables on pages 35 -37 present a record of the March projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.9 percent. Th e average difference between the March projection and the final estimate is 2.3 million tons, ranging from 0 million to 8 million tons. The March projection has been below the estimate 31 times and above 11 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.9 2.3 0.0 8.0 31 11 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.0 2.3 0.1 8.0 31 11 Exports World 4.2 7.0 4.4 0.0 17.0 34 8 U.S. 3.1 5.2 0.8 0.0 2.4 22 19 Foreign 5.1 8.5 4.2 0.1 16.0 32 10 Domestic Use World 0.9 1.5 4.4 0.2 12.2 18 24 U.S. 3.7 6.2 0.9 0.0 2.4 15 27 Foreign 0.9 1.5 4.2 0.1 11.5 23 19 Ending Stocks World 4.1 6.9 5.7 0.2 14.1 29 13 U.S. 7.9 13.3 1.1 0.0 4.5 27 15 Foreign 4.4 7.4 5.0 0.0 13.5 28 13 COARSE GRAINS 2/ Production World 1.2 2.0 10.5 0.5 35.1 35 7 U.S. 0.2 0.3 0.2 0.0 1.8 17 11 Foreign 1.7 2.8 10.6 0.5 35.1 35 7 Exports World 5.1 8.5 5.3 0.0 24.2 29 13 U.S. 8.2 13.8 3.4 0.0 9.1 20 22 Foreign 8.2 13.8 5.2 0.1 21.5 28 14 Domestic Use World 0.9 1.6 7.1 0.1 24.2 24 18 U.S. 2.8 4.7 3.9 0.2 17.3 16 26 Foreign 1.1 1.9 7.0 0.4 24.6 28 14 Ending Stocks World 10.1 16.9 13.5 0.6 143.8 37 5 U.S. 13.2 22.2 4.5 0.1 15.3 24 18 Foreign 12.3 20.8 11.4 0.5 142.1 38 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 31 11 U.S. 1.2 2.0 0.0 0.0 0.2 11 6 Foreign 1.3 2.2 3.5 0.1 13.8 31 11 Exports World 7.9 13.3 1.6 0.1 5.3 32 10 U.S. 7.1 11.9 0.2 0.0 0.5 20 19 Foreign 8.8 14.9 1.6 0.1 4.9 31 11 Domestic Use World 1.1 1.9 3.3 0.2 13.9 28 14 U.S. 6.9 11.6 0.2 0.0 0.5 17 24 Foreign 1.1 1.9 3.2 0.2 13.5 28 14 Ending Stocks World 8.3 14.0 4.9 0.5 25.8 29 13 U.S. 18.4 30.9 0.2 0.0 0.4 22 18 Foreign 8.6 14.5 5.0 0.3 25.7 29 13 1/ Footnotes at end of table. CONTINUED March 2024 WASDE - 646 - 36 Reliability of March Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.2 3.6 3.4 0.1 12.4 22 20 U.S. 1.3 2.3 0.7 0.0 3.2 18 17 Foreign 3.6 6.0 3.3 0.1 12.6 23 19 Exports World 5.4 9.2 3.0 0.0 12.8 27 14 U.S. 6.3 10.7 1.7 0.1 6.7 29 13 Foreign 14.0 23.6 2.8 0.1 16.8 20 22 Domestic Use World 2.0 3.4 3.1 0.0 11.4 20 22 U.S. 2.9 4.9 1.1 0.0 3.0 26 15 Foreign 2.4 4.0 2.6 0.1 12.8 19 23 Ending Stocks World 12.8 21.6 4.0 0.1 16.4 23 19 U.S. 39.2 66.0 2.0 0.1 7.2 13 29 Foreign 13.7 23.1 3.6 0.1 17.1 28 14 COTTON Million 480 -Pound Bales Production World 1.8 3.0 1.4 0.0 5.2 25 15 U.S. 1.0 1.6 0.1 0.0 0.3 14 27 Foreign 2.2 3.7 1.4 0.0 5.3 25 16 Exports World 5.3 8.9 1.4 0.0 6.5 22 19 U.S. 6.4 10.8 0.5 0.0 1.7 19 22 Foreign 6.9 11.6 1.2 0.0 5.8 24 18 Domestic Use World 3.3 5.6 2.0 0.0 16.1 21 21 U.S. 7.2 12.0 0.2 0.0 0.9 20 19 Foreign 4.1 6.8 2.2 0.1 15.3 22 20 Ending Stocks World 8.7 14.7 3.6 0.2 16.2 25 17 U.S. 17.7 29.8 0.6 0.0 2.2 15 27 Foreign 9.4 15.8 3.5 0.0 14.0 27 15 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. March 2024 WASDE - 646 - 37 Reliability of United States March Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 6 0 72 1 6 Exports 8.4 14.2 122 13 310 19 23 Domestic Use 2.7 4.6 137 9 474 17 25 Ending Stocks 14.7 24.8 173 3 713 25 17 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.3 24.0 25 0 90 26 14 Domestic Use 15.3 25.8 30 1 178 17 25 Ending Stocks 40.4 68.1 22 1 148 16 26 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 29.5 49.6 5 0 20 14 24 Domestic Use 7.1 12.0 14 0 70 19 21 Ending Stocks 14.5 24.5 13 1 53 25 17 OATS Production 0.4 0.7 0 0 2 5 4 Exports 33.3 56.1 1 0 3 7 6 Domestic Use 5.2 8.8 10 0 36 15 26 Ending Stocks 16.6 28.0 11 0 47 25 16 SOYBEAN MEAL Thousand Short Tons Production 2.9 4.9 881 46 2,917 29 13 Exports 8.6 14.5 608 1 2,426 33 9 Domestic Use 2.5 4.2 583 41 2,066 28 14 Ending Stocks 33.8 56.9 65 0 253 17 23 SOYBEAN OIL Million Pounds Production 2.8 4.7 406 7 1,173 30 12 Exports 20.4 34.3 273 0 877 25 16 Domestic Use 2.4 4.0 317 9 760 26 16 Ending Stocks 17.7 29.7 256 17 721 24 18 ANIMAL PROD. Million Pounds Beef 2.5 4.3 532 77 1,613 26 15 Pork 2.8 4.7 362 5 1,667 23 18 Broilers 1.6 2.7 373 16 1,501 23 18 Turkeys 3.0 5.1 125 3 447 18 23 Million Dozen Eggs 1.9 3.1 101 3 534 23 18 Billion Pounds Milk 1.3 2.1 1.6 0.1 5.2 23 18 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 646-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -646 – March 8, 2024 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 576 Approved by the World Agricultural Outlook Board April 10, 2018 WHEAT: Projected 2017/18 U.S. wheat ending stocks are raised this month by 30 million bushels to 1,064 million, all on lower feed and residual use. The NASS Grain Stocks report, issued March 29, implied less feed and residual usage for the third quarter (Decembe r-February) than previously estimated. This report also showed record U.S. corn stocks on March 1, which are expected to continue displacing wheat for feed use for the remainder of 2017/18. No other supply or use categories are changed this month. Based on NASS prices and marketings reported to date along with price expectations for the rest of 2017/18, the season -average farm price is unchanged at the range of $4.60 to $4.70 per bushel. World 2017/18 wheat supplies increased this month by nearly 3.0 m illion tons as production is raised to a new record of 759.8 million, mainly on Morocco’s higher production estimate as it recovered from a severe drought in 2016/17. Global supplies also increased with a multi- year reduction in Iran’s food, seed, and ind ustrial use, which raised carry -in stocks by nearly 2.0 million tons. Projected global 2017/18 trade is virtually unchanged on increased exports from Russia, Kazakhstan, and Argentina nearly offsetting lower exports from the EU and other exporters. Russia’s exports are raised 1.0 million tons to 38.5 million, which surpasses last year’s record exports by more than 10 million. Russia continues to displace the EU and other exporters in several markets. Imports are lowered for Morocco, Brazil, and Colombi a while increased for Algeria, Ethiopia, Japan, Kenya, Turkey, and the Philippines. Projected 2017/18 world consumption is higher, primarily on increases in the EU and Indonesia, which more than offset reductions in Iran, India, and the U nited States. Ho wever, the increase in global supplies still exceeds the additional consumption as 2017/18 global ending stocks are 2.3 million tons higher this month at 271.2 million, a new record. COARSE GRAINS: This month’s 2017/18 U.S. corn outlook is for reduced feed and residual use, slightly lower food, seed, and industrial (FSI) use, and increased ending stocks. FSI is lowered 5 million bushels, as a 10 -million -bushel reduction in the amount of corn used for glucose and dextrose is partially offset by a 5 -million-bushel increase in corn used for starch. Projected feed and residual use is lowered 50 million bushels to 5,500 million bushels based on indicated disappearance during the first half of the marketing year in the March 29 Grain Stocks report . With supply unchanged and total use declining, ending stocks are raised 55 million bushels. The projected range for the WASDE- 576-2 season -average corn price received by producers is unchanged at the midpoint with the range narrowed to $3.20 to $3.50 per bushel. Global coarse grain production for 2017/18 is forecast 7.0 million tons lower than last month to 1,315.0 million. This month’s foreign coarse grain outlook is for lower production, consumption, trade, and stocks relative to last month. Argentina corn production is down based on reductions to both harvested area and yield. Yield results have been below expectations, while dry conditions are expected to increase the amount of corn harvested for forage or grazed. Brazil corn production is reduced reflecting expectations of lower second -crop corn area. If realized, the combined corn production of Argentina and Brazil for 2017/18 would be 14.5 million tons below the record reached in 2016/17. Other coarse grain production changes of note for 2017/18 includ e lower barley production for Belarus and reduced corn production for Paraguay, with corn production increases for Mexico and South Africa. Major global trade changes for 2017/18 include lower projected corn exports for Brazil and Argentina, with reduce d export competition from these countries expected to impact the first half of the 2018/19 marketing year in the United States. Corn imports are lowered for Iran, Malaysia, Taiwan, Mexico, and Chile, with partially offsetting increases for Bangladesh and Turkey. Foreign corn ending stocks are lowered 2.8 million tons from last month, with the largest declines for Argentina, Paraguay, and Brazil. RICE: U.S. 2017/18 rice ending stocks are raised 4.1 million cwt to 33.3 million, mostly on decreased export s. These ending stock level s still remain below the 5- year average. The 4.0- million-cwt decrease in exports is divided evenly between long -grain and medium - and short -grain. Rough and milled rice exports are also lowered by 3.0 and 1.0 million cwt, respectively. The export reduction reflects a slow pace to date as well as increased competition in core Western Hemisphere export markets. The all -rice season average farm price is raised $0.10 per cwt at the midpoint to a range of $12.40 to $12.80. This i ncreased price is all due to higher projected medium - and short -grain prices. Global 2017/18 rice production is raised 1.2 million tons to a new r ecord led by 0.3- million -ton increases each for Brazil, Burma, Pakistan, and the Philippines. Global rice exports are raised 0.8 million tons with a 0.3-million -ton increase for Thailand and 0.2 - million -ton increases each for Burma, India, and Pakistan. Imports are raised 0.5 million tons for Indonesia and 0.3 million tons for Bangladesh. Global domestic use is reduced fractionally. With supplies increasing and total use decreasing, world ending stocks are raised 1.4 million tons to 144.4 million and are the second highest stocks on record. OILSEEDS: U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and lower ending stocks. Soybean crush is projected at a record 1,970 million bushels, up 10 million reflecting higher soybean meal prices which are supp orting crush margins. Seed use is reduced in line with the WASDE- 576-3 plantings indicated in the March 29 Prospective Plantings report. With exports unchanged, soybean ending stocks are projected at 550 million bushels, down 5 million. Soybean oil changes include increased production, exports, and ending stocks. Soybean oil used for biodiesel is reduced this month reflecting lo wer-than -expected use through the first four months of the marketing year. The season-average soybean price is forecast at $9.10 to $9.5 0, unchanged at the midpoint. The s oybean oil price is projected at 30.5 to 32.5 cents per pound, also unchanged at th e midpoint. Soybean meal prices are projected at $340 to $360 per short ton, up $10.00 at the midpoint. The 2017/18 global oilseed supply and demand forecasts include lower production, exports, crush, and ending stocks compared to last month. Global oil seed production is lowered 5.7 million tons to 568.8 million, with a 6.1 -million -ton reduction for soybean production and slightly higher projections for rapeseed, sunflowerseed, copra, and palm kernel. Lower soybean production for Argentina, India, and U ruguay is partly offset by higher production for Brazil. Soybean production for Brazil is forecast at a record 115.0 million tons, up 2.0 million on higher projected yields for Mato Grosso, Mato Grosso do Sul, and Parana due to beneficial rainfall during the growing season. For Argentina, production is lowered 7 .0 million tons to 40 .0 million on reduced harvested area and yield, reflecting dry conditions during January through March. With reduced production, soybean crush for Argentina is lowered 1.8 mil lion tons to 41.2 million, resulting in lower soybean meal and oil supplies traded globally. Other oilseed production changes include reduced sunflower and peanut production for Argentina, higher sunflowerseed production for the European Union, and increa sed rapeseed production for Belarus. Global oilseed trade for 2017/18 is projected at 174.1 million tons, down 0.6 million on lower soybean, peanut, and rapeseed shipments. Soybean exports are reduced 0.2 million tons as higher exports for Brazil, Russia, and Ukraine are offset by lower exports for Argentina and Uruguay. Peanut and rapeseed exports are lowered for Senegal and the European Union, respectively. Global soybean ending stocks are lowered 3.6 million tons to 90.8 million with reductions mainl y for Argentina, Brazil, and the E U. SUGAR: U.S. beet sugar production is decreased 80,000 short ton s raw value (STRV), to 5.139 million based on reduced sucrose recovery. Florida cane sugar production is reduced by 19,287 STRV to 1.973 million based on the latest processor report s. High-tier tariff imports for 2017/18 are increased by 5,000 STRV to 15,000 based on pace to date. Ending stocks for 2017/18 are residually projected at 1.859 million STRV, implying a stocks-to -use ratio of 14.7 percent, dow n from last month’s 15.5 percent. The Mexico sugar supply and use balance is unchanged from last month. LIVESTOCK, POULTRY, AND DAIRY : The 2018 forecast for total red meat and poultry production is lowered from last month as forecasts for all major meats are reduced. The beef production forecast is reduced from the previous month on lower first-half slaughter and l ighter weights, but this decline is partly offset by higher WASDE- 576-4 expected third -quarter slaughter. Pork production is raised for the first quarter based on estimated production data, but lowered for outlying quarters on a slower pace of slaughter and l ighter carcass weights. The USDA Quarterly Hogs and Pigs report of March 29, estimated producers farrowed 2 pe rcent more sows during December to February and indicated intentions to farrow abo ut 2 percent more sows in March to May. These hogs will be ready for slaughter in the second half of 2018. Broiler and turkey production is reduced on recent hatchery data. First-quarter egg production is reduced on recent production data but no change is made to the outlying quarters. For 2018, beef imports and exports are unchanged from last month. The pork import forecast is unchanged. Pork exports are reduced on weaker expected exports to China although exports to other markets are expected to increase. No change is made to broiler or turkey exports. Cattle and hog price forecasts are reduced from last month as demand for cattle and hogs has softened and supplies are expected to be large in the c oming quarters. The broiler price forecast is raised from last month as stronger demand in the first quarter is expected to carry into subsequent quarters. Turkey prices are reduced through the year on the continued slow recovery in demand. Egg price fo recasts are raised on robust demand. The milk production forecast for 2018 is unchanged from last month. The 2018 import forecast is reduced slightly on a fat basis, but is unchanged on a skim -solids basis. Exports on fat basis are unchanged from last month, but skim- solids-basis exports are raised on stronger sales of nonfat dry milk and skim milk powder, and lactose . The annual product price forecast for cheese is unchanged at the midpoint although the range is narrowed. Butter prices are expected t o increase more slowly in the second half of the year and the price forecast is reduced. The nonfat dry milk (NDM) price is reduced slightly on current prices. The annual whey price forecast is lowered on larger supplies and weaker demand . The Class III price is lowered on the lower whey price forecast while the Class IV price is down on lower NDM and butter price forecasts. The all milk price forecast is lowe red to $15.60 to $16.10 per cwt. COTTON: The 2017/18 U.S. cotton supply and demand forecasts show higher exports and lower ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is raised 200,000 bales, to 15.0 million, based on the pace of rece nt sales and shipments. Ending stocks are now forecast at 5.3 million bales, equivalent to 29 percent of total disappearance. The marketing year price received by producers is projected to average 68 cents per pound, a reduction of 1 cent from last month. Lower global beginning stocks this month result in lower projected 2017/18 ending stocks despite higher world production and lower consumption. World beginning stocks are 900,000 bales lower this month, largely attributable to historical revisions for Brazil and Australia. World production is about 250,000 bales higher as a larger Brazilian WASDE- 576-5 crop more than offsets a decline for Sudan. Consumption is about 400,000 bales lower as lower consumption in India, Indonesia, and some smaller countries more tha n offsets Vietnam’s increase. Ending stocks for 2017/18 are nearly 600,000 bales lower in total this month as reductions for Brazil, Sudan, the United States, and Australia more than offset an increase for Pakistan. Approved by the Secretary of Agriculture and t he Chairman of the World Agricultural Outlook Board, Seth D. Meyer , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY : WARREN PRESTON SECRETARY OF AGRICULTURE DESIGNATE WASDE- 576-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers , ICEC Chair, WAOB, E -mail: wchambers @oce.usda.gov Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FSA . Rice: William Chambers , ICEC Chair, WAOB, E-mail: wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Trego, FAS; Sherrie Grimm , FSA. Feed Grains: Michael Jewison , ICEC Chair, WAOB, E-mail: [email protected] Tom Capehart, ERS; Yoonhee Macke , FAS; Thomas Gajnak , FSA . Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Mark Ash, ERS; Bill George, FAS; Susan Proper, FSA . Cotton: Stephen MacDonald, ICEC Chair, WAOB, E -mail: [email protected] Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman , FSA . Sugar: Stephen Haley , ICEC Chair, WAOB, E -mail: shaley @oce.usda.gov Michael McConnell, ERS; Ro n Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann- Powell, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Larry Haller, AMS; Sean Ramos, ERS; Claire Mezoughem , FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E -mail: [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2018, the WASDE report will be released on May 10, Jun 12, Jul 12, Aug 10, Sep 12, Oct 11, Nov 8, and Dec 11. WASDE- 576-7 T A B L E OF C O N T E N T S Page Highlights ................................ ................................ ................................ ............. 1 Interagency Commodity Estimates Committees ................................ .................... 6 World & U.S. Supply & Use for Grains ................................ ................................ .. 8 World & U.S. Supply & Use for Cotton ................................ ................................ .. 9 World & U.S. Supply & Use for Oilseeds ................................ ............................ 10 U.S. Wheat Supply & Use ................................ ................................ .................. 11 U.S. Wheat Supply & Use by Class ................................ ................................ .... 11 U.S. Feed Grain & Corn Supply & Use ................................ ............................... 12 U.S. Sorghum, Barley & Oats Supply & Use ................................ ....................... 13 U.S. Rice Supply & Use ................................ ................................ ..................... 14 U.S. Soybeans & Products Supply & Use ................................ ........................... 15 U.S. Sugar Supply & Use ................................ ................................ ................... 16 Mexico Sugar Supply and Use ................................ ................................ ........... 16 U.S. Cotton Supply & Use ................................ ................................ .................. 17 World Wheat Supply & Use ................................ ................................ ................ 18 World Coarse Grains Supply & Use ................................ ................................ .... 20 World Corn Supply & Use ................................ ................................ .................. 22 World Rice Supply & Use ................................ ................................ ................... 24 World Cotton S upply & Use ................................ ................................ ................ 26 World Soybean Supply & Use ................................ ................................ ............ 28 World Soybean Meal Supply & Use ................................ ................................ .... 29 World Soybean Oil Supply & Use ................................ ................................ ....... 30 U.S. Quarterly Animal Product Production ................................ .......................... 31 U.S. Quarterly Prices for Animal Products ................................ .......................... 31 U.S. Meats Supply and Use ................................ ................................ ............... 32 U.S. Egg Supply & Use ................................ ................................ ...................... 33 U.S. Milk Supply and Use ................................ ................................ .................. 33 U.S. Dairy Prices ................................ ................................ ............................... 34 Reliability Tables ................................ ................................ ................................ 35 Related USDA Reports ................................ ................................ ...................... 38 Metric Conversion Factors ................................ ................................ ................. 38 Electronic Access and Subscriptions ...................................................................... 40 April 2018 WASDE - 576 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 2467.34 3061.08 376.64 2434.11 626.97 2016/17 (Est.) 2601.76 3228.73 428.99 2573.39 655.34 filler filler filler filler filler 2017/18 (Proj.) Mar 2567.01 3221.28 422.93 2583.31 637.97 2017/18 (Proj.) Apr 2562.23 3217.57 420.66 2577.05 640.52 filler filler filler filler filler Wheat 2015/16 735.21 953.90 172.84 711.16 242.74 2016/17 (Est.) 750.68 993.42 183.28 738.83 254.60 filler filler filler filler filler 2017/18 (Proj.) Mar 758.79 1011.39 182.03 742.50 268.89 2017/18 (Proj.) Apr 759.75 1014.35 182.01 743.13 271.22 filler filler filler filler filler Coarse Grains 5/ 2015/16 1259.19 1506.36 163.46 1254.86 251.50 2016/17 (Est.) 1364.92 1616.42 198.32 1352.78 263.64 filler filler filler filler filler 2017/18 (Proj.) Mar 1321.96 1586.34 193.56 1360.32 226.02 2017/18 (Proj.) Apr 1315.01 1578.65 190.51 1353.78 224.88 filler filler filler filler filler Rice, milled 2015/16 472.94 600.83 40.34 468.09 132.74 2016/17 (Est.) 486.15 618.89 47.39 481.78 137.11 filler filler filler filler filler 2017/18 (Proj.) Mar 486.26 623.55 47.34 480.49 143.06 2017/18 (Proj.) Apr 487.46 624.57 48.14 480.15 144.43 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 filler filler filler filler filler 2017/18 (Proj.) Mar 437.29 541.46 91.26 364.86 85.34 2017/18 (Proj.) Apr 437.29 541.30 91.13 362.22 87.95 filler filler filler filler filler Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 filler filler filler filler filler 2017/18 (Proj.) Mar 47.37 83.72 25.17 30.40 28.15 2017/18 (Proj.) Apr 47.37 83.72 25.17 29.58 28.96 filler filler filler filler filler Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 filler filler filler filler filler 2017/18 (Proj.) Mar 384.26 449.83 62.91 330.65 56.27 2017/18 (Proj.) Apr 384.26 449.67 62.91 328.83 57.93 filler filler filler filler filler Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 filler filler filler filler filler 2017/18 (Proj.) Mar 5.66 7.91 3.18 3.81 0.93 2017/18 (Proj.) Apr 5.66 7.92 3.05 3.81 1.06 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). April 2018 WASDE - 576 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2015/16 2,038.08 2,555.08 294.89 2,086.00 550.83 2016/17 (Est.) 2,129.20 2,672.64 332.07 2,209.98 559.58 filler filler filler filler filler 2017/18 (Proj.) Mar 2,129.73 2,679.82 331.68 2,218.45 552.63 2017/18 (Proj.) Apr 2,124.94 2,676.27 329.54 2,214.82 552.57 filler filler filler filler filler Wheat 2015/16 679.09 874.24 151.67 679.22 216.19 2016/17 (Est.) 687.85 900.82 154.57 707.07 222.46 filler filler filler filler filler 2017/18 (Proj.) Mar 711.42 927.67 156.86 712.10 240.74 2017/18 (Proj.) Apr 712.38 930.63 156.84 713.54 242.26 filler filler filler filler filler Coarse Grains 5/ 2015/16 892.19 1,088.47 106.28 942.26 203.39 2016/17 (Est.) 962.31 1,162.27 133.82 1,025.30 201.48 filler filler filler filler filler 2017/18 (Proj.) Mar 937.71 1,136.51 130.66 1,029.67 169.75 2017/18 (Proj.) Apr 930.76 1,128.99 127.61 1,024.95 166.95 filler filler filler filler filler Rice, milled 2015/16 466.81 592.38 36.95 464.51 131.26 2016/17 (Est.) 479.03 609.55 43.69 477.61 135.65 filler filler filler filler filler 2017/18 (Proj.) Mar 480.60 615.64 44.16 476.67 142.14 2017/18 (Proj.) Apr 481.80 616.65 45.09 476.33 143.37 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats , rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2015/16 96.20 206.96 34.97 112.29 94.91 2016/17 (Est.) 106.76 201.67 37.53 114.78 86.80 filler filler filler filler filler 2017/18 (Proj.) Mar 121.94 209.64 38.83 120.79 88.85 2017/18 (Proj.) Apr 122.18 208.98 39.06 120.39 88.29 filler filler filler filler filler United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 filler filler filler filler filler 2017/18 (Proj.) Mar 21.03 23.79 14.80 3.35 5.50 2017/18 (Proj.) Apr 21.03 23.79 15.00 3.35 5.30 filler filler filler filler filler Foreign 4/ 2015/16 83.31 190.39 25.82 108.84 91.11 2016/17 (Est.) 89.59 180.69 22.61 111.53 84.05 filler filler filler filler filler 2017/18 (Proj.) Mar 100.91 185.85 24.03 117.44 83.35 2017/18 (Proj.) Apr 101.15 185.19 24.06 117.04 82.99 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. April 2018 WASDE - 576 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2015/16 521.53 614.95 153.34 446.19 91.03 2016/17 (Est.) 574.94 665.97 170.69 470.72 108.75 filler filler filler filler filler 2017/18 (Proj.) Mar 574.50 683.14 174.66 489.19 107.30 2017/18 (Proj.) Apr 568.81 677.57 174.09 488.66 103.84 filler filler filler filler filler Oilmeals 2015/16 306.26 323.90 86.83 303.26 16.87 2016/17 (Est.) 321.53 338.40 88.39 318.83 16.13 filler filler filler filler filler 2017/18 (Proj.) Mar 335.29 350.96 90.84 332.11 14.67 2017/18 (Proj.) Apr 334.27 350.40 89.36 331.45 15.14 filler filler filler filler filler Vegetable Oils 2015/16 176.88 201.45 73.53 177.46 21.11 2016/17 (Est.) 189.28 210.38 81.18 184.45 19.99 filler filler filler filler filler 2017/18 (Proj.) Mar 197.78 217.73 81.03 191.63 21.21 2017/18 (Proj.) Apr 198.23 218.23 80.94 191.60 21.22 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.26 9.60 filler filler filler filler filler 2017/18 (Proj.) Mar 131.31 142.33 57.46 57.78 16.92 2017/18 (Proj.) Apr 131.31 142.33 57.46 58.05 16.81 filler filler filler filler filler Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.11 47.31 10.83 36.07 0.41 filler filler filler filler filler 2017/18 (Proj.) Mar 44.46 48.57 11.59 36.66 0.33 2017/18 (Proj.) Apr 44.69 48.85 11.68 36.84 0.33 filler filler filler filler filler Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.43 17.37 1.42 14.72 1.23 filler filler filler filler filler 2017/18 (Proj.) Mar 11.64 17.76 1.10 15.45 1.20 2017/18 (Proj.) Apr 11.69 17.88 1.15 15.44 1.31 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Sto c ks Oilseeds 2015/16 405.65 491.19 99.38 391.14 84.16 2016/17 (Est.) 448.00 530.66 110.41 414.47 99.15 filler filler filler filler filler 2017/18 (Proj.) Mar 443.19 540.81 117.20 431.41 90.39 2017/18 (Proj.) Apr 437.51 535.24 116.63 430.61 87.03 filler filler filler filler filler Oilmeals 2015/16 263.48 276.76 75.65 267.57 16.60 2016/17 (Est.) 278.42 291.10 77.56 282.76 15.72 filler filler filler filler filler 2017/18 (Proj.) Mar 290.83 302.38 79.25 295.45 14.34 2017/18 (Proj.) Apr 289.59 301.55 77.68 294.61 14.81 filler filler filler filler filler Vegetable Oils 2015/16 165.67 184.43 72.28 162.88 19.90 2016/17 (Est.) 177.84 193.02 79.76 169.73 18.76 filler filler filler filler filler 2017/18 (Proj.) Mar 186.14 199.98 79.93 176.18 20.01 2017/18 (Proj.) Apr 186.54 200.34 79.79 176.17 19.91 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. April 2018 WASDE - 576 - 11 U.S. Wheat Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1,181 1,181 Production 2,062 2,309 1,741 1,741 Imports 113 118 155 155 Supply, Total 2,927 3,402 3,076 3,076 Food 957 949 955 955 Seed 67 61 62 62 Feed and Residual 149 156 100 70 Domestic, Total 1,174 1,167 1,117 1,087 Exports 778 1,055 925 925 Use, Total 1,951 2,222 2,042 2,012 Ending Stocks 976 1,181 1,034 1,064 Avg. Farm Price ($/bu) 2/ 4.89 3.89 4.60 - 4.70 4.60 - 4.70 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 491 345 286 104 2,309 Supply, Total 3/ 1,533 805 535 368 162 3,402 Domestic Use 489 249 228 99 101 1,167 Exports 455 321 92 163 24 1,055 Use, Total 943 570 320 263 126 2,222 Ending Stocks, Total 589 235 215 105 36 1,181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1,181 Production 750 385 292 258 55 1,741 Supply, Total 3/ 1,347 694 524 370 141 3,076 Domestic Use 432 269 209 94 83 1,087 Exports 370 235 90 210 20 925 Use, Total 802 504 299 304 103 2,012 Ending Stocks, Total Apr 545 190 225 66 38 1,064 Ending Stocks, Total Mar 510 185 228 76 35 1,034 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. April 2018 WASDE - 576 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Million Acres Area Planted 103.2 106.6 100.9 100.9 Area Harvested 93.0 96.5 90.5 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.24 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.1 62.1 Production 366.7 402.3 384.0 384.0 Imports 3.7 3.3 3.2 3.0 Supply, Total 417.4 453.6 449.4 449.2 Feed and Residual 135.2 144.6 145.3 143.8 Food, Seed & Industrial 176.9 182.4 184.9 184.6 Domestic, Total 312.1 327.0 330.2 328.4 Exports 57.2 64.5 62.9 62.9 Use, Total 369.3 391.5 393.1 391.3 Ending Stocks 48.1 62.1 56.3 57.9 CORN 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Million Acres Area Planted 88.0 94.0 90.2 90.2 Area Harvested 80.8 86.7 82.7 82.7 Bushels Yield per Harvested Acre 168.4 174.6 176.6 176.6 Million Bushels Beginning Stocks 1,731 1,737 2,293 2,293 Production 13,602 15,148 14,604 14,604 Imports 68 57 50 50 Supply, Total 15,401 16,942 16,947 16,947 Feed and Residual 5,114 5,472 5,550 5,500 Food, Seed & Industrial 2/ 6,648 6,883 7,045 7,040 Ethanol & by -products 3/ 5,224 5,432 5,575 5,575 Domestic, Total 11,763 12,356 12,595 12,540 Exports 1,901 2,293 2,225 2,225 Use, Total 13,664 14,649 14,820 14,765 Ending Stocks 1,737 2,293 2,127 2,182 Avg. Farm Price ($/bu) 4/ 3.61 3.36 3.15 - 3.55 3.20 - 3.50 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data -products/feed -grains -database.aspx. 3/ Corn processed in ethanol plan ts to produce ethanol and by -products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing - year weighted average price received by farmers. April 2018 WASDE - 576 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 8.5 6.7 5.6 5.6 Area Harvested (mil. acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 72.1 72.1 Beginning Stocks 18 37 33 33 Production 597 480 364 364 Imports 5 2 2 2 Supply, Total 620 519 399 399 Feed and Residual 107 130 80 80 Food, Seed & Industrial 137 115 50 45 Total Domestic 244 245 130 125 Exports 340 241 245 245 Use, Total 583 485 375 370 Ending Stocks 37 33 24 29 Avg. Farm Price ($/bu) 2/ 3.31 2.79 2.95 - 3.35 3.05 - 3.35 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.6 3.1 2.5 2.5 Area Harvested (mil. acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 10 Supply, Total 315 312 263 258 Feed and Residual 44 39 35 25 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 187 Exports 11 4 6 6 Use, Total 213 205 203 193 Ending Stocks 102 106 60 65 Avg. Farm Price ($/bu) 2/ 5.52 4.96 4.20 - 4.70 4.30 - 4.70 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 3.1 2.8 2.6 2.6 Area Harvested (mil. acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 90 87 Supply, Total 229 212 190 187 Feed and Residual 94 82 90 85 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 163 Exports 2 3 2 2 Use, Total 172 162 170 165 Ending Stocks 57 50 20 22 Avg. Farm Price ($/bu) 2/ 2.12 2.06 2.55 - 2.75 2.50 - 2.60 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. April 2018 WASDE - 576 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Million Acres Area Planted 2.63 3.15 2.46 2.46 Area Harvested 2.59 3.10 2.37 2.37 Fil ler Pounds Yield per Harvested Acre 7,472 7,237 7,507 7,507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.2 178.2 Imports 24.1 23.5 24.9 25.0 Supply, Total 265.8 294.1 249.2 249.3 Domestic & Residual 3/ 112.4 131.4 120.0 120.0 Exports, Total 4/ 107.0 116.7 100.0 96.0 Rough 39.3 42.5 34.0 31.0 Milled (rough equiv.) 67.7 74.2 66.0 65.0 Use, Total 219.3 248.0 220.0 216.0 Ending Stocks 46.5 46.0 29.2 33.3 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.20 10.40 12.10 - 12.90 12.40 - 12.80 Total LONG -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Harvested Acres (mil.) 1.85 2.40 1.75 1.75 Yield (pounds/acre) 7,219 6,927 7,314 7,314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 127.9 127.9 Supply, Total 7/ 180.7 209.4 180.4 180.4 Domestic & Residual 3/ 82.1 99.7 93.0 92.0 Exports 8/ 75.9 78.7 71.0 69.0 Use, Total 158.0 178.4 164.0 161.0 Ending Stocks 22.7 31.0 16.4 19.4 Avg. Farm Price ($/cwt) 6/ 11.20 9.61 11.40 - 12.00 11.50 - 11.90 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Harvested Acres (mil.) 0.74 0.69 0.63 0.63 Yield (pounds/acre) 8,107 8,311 8,048 8,048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 50.4 50.4 Supply, Total 7/ 82.2 81.1 65.3 65.4 Domestic & Residual 3/ 30.3 31.7 27.0 28.0 Exports 8/ 31.0 37.9 29.0 27.0 Use, Total 61.3 69.6 56.0 55.0 Ending Stocks 20.9 11.5 9.3 10.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 13.10 14.60 - 15.40 14.90 - 15.50 California 10/ 18.10 14.10 15.50 - 16.50 16.10 - 16.90 Other States 1/ 11.20 10.10 11.60 - 12.20 11.90 - 12.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17 -2.9; 2017/18 -2.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may no t add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al qua ntity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. April 2018 WASDE - 576 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 82.7 83.4 90.1 90.1 Area Harvested 81.7 82.7 89.5 89.5 Fil ler Bushels Yield per Harvested Acre 48.0 52.0 49.1 49.1 Million Bushels Beginning Stocks 191 197 302 302 Production 3,926 4,296 4,392 4,392 Imports 24 22 25 25 Supply, Total 4,140 4,515 4,718 4,718 Crushings 1,886 1,901 1,960 1,970 Exports 1,942 2,174 2,065 2,065 Seed 97 105 106 103 Residual 18 34 33 30 Use, Total 3,944 4,213 4,163 4,168 Ending Stocks 197 302 555 550 Avg. Farm Price ($/bu) 2/ 8.95 9.47 9.00 - 9.60 9.10 - 9.50 Total SOYBEAN OIL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,855 1,687 1,711 1,711 Production 4/ 21,950 22,123 22,640 22,755 Imports 287 319 300 300 Supply, Total 24,092 24,129 24,651 24,766 Domestic Disappearance 20,162 19,862 21,000 20,800 Biodiesel 3/ 5,670 6,200 7,200 7,000 Food, Feed & other Industrial 14,492 13,661 13,800 13,800 Exports 2,243 2,556 1,900 2,000 Use, Total 22,405 22,418 22,900 22,800 Ending stocks 1,687 1,711 1,751 1,966 Avg. Price (c/lb) 2/ 29.86 32.48 30.00 - 33.00 30.50 - 32.50 Total SOYBEAN MEAL 2015/16 2016/17 E st. 2017/18 Proj. 2017/18 Proj. March April Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 260 264 401 401 Production 4/ 44,672 44,787 46,299 46,549 Imports 403 349 300 400 Supply, Total 45,336 45,400 47,000 47,350 Domestic Disappearance 33,118 33,399 34,300 34,550 Exports 11,954 11,601 12,400 12,500 Use, Total 45,072 45,000 46,700 47,050 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 325.00 - 355.00 340.00 - 360.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average o f crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,908 mill ion bushels for 2016/17 and 1,970 million bushels for 2017/18. April 2018 WASDE - 576 - 16 U.S. Sugar Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,815 2,054 1,876 1,876 Production 2/ 8,989 8,969 9,240 9,140 Beet Sugar 5,119 5,103 5,219 5,139 Cane Sugar 3,870 3,866 4,021 4,001 Florida 2,173 2,055 1,992 1,973 Hawaii 152 43 0 0 Louisiana 1,428 1,628 1,859 1,859 Texas 116 140 170 170 Imports 3,341 3,244 3,467 3,472 TRQ 3/ 1,620 1,611 1,788 1,788 Other Program 4/ 396 419 400 400 Other 5/ 1,325 1,213 1,279 1,284 Mexico 1,309 1,201 1,269 1,269 Total Supply 14,145 14,267 14,583 14,489 Exports 74 95 150 150 Deliveries 12,051 12,258 12,480 12,480 Food 6/ 11,881 12,102 12,325 12,325 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12,091 12,391 12,630 12,630 Ending Stocks 2,054 1,876 1,953 1,859 Stocks to Use Ratio 17.0 15.1 15.5 14.7 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2016/17 and 2017/18 are based on Crop Production and processor projections where appropriate. 3/ For 2017/18, WTO raw sugar TRQ shortfall (183). For 2016/17, WTO raw sugar TRQ shortfall is undefined because of 13th month rollover into 2017/18. 4/ Includes sugar unde r the re -export and polyhydric alcohol programs. 5/ For 2015/16, other high- tier (16) and other (0). For 2016/17, other high- tier (12) and other (0). For 2017/18, other high- tier (10) and other (0). 6/For 2014/15, combines SMD deliveries for domestic hum an food use and SMD miscellaneous uses. 7/ Transfers to sugar -containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2016/17 Est. Mar 1,037 5,957 93 4,851 1,234 1,002 2016/17 Est. Apr 1,037 5,957 93 4,851 1,234 1,002 2017/18 Proj. Mar 1,002 6,050 170 4,886 1,347 989 2017/18 Proj. Apr 1,002 6,050 170 4,886 1,347 989 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Estimated Oct -Sep 2016/17 = 1,522, projected 2017/18 = 1,608; Oct - Feb 2016/17 = 578, Oct - Feb 2017/18 = 630. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2016/17 (397 est), 2017/18 (390 proj). Other Deliveries/Ending Year Statistical Adjustments: 2015/16 ( -10), 2016/17 ( -61), 2017/18 (0). April 2018 WASDE - 576 - 17 U.S. Cotton Supply and Use 1/ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Mar Apr Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 8.58 10.07 12.61 12.61 Harvested 8.07 9.51 11.35 11.35 Fil ler Pounds Yield per Harvested Acre 766 867 889 889 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.03 21.03 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 23.79 23.79 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.80 15.00 Use, Total 12.60 18.17 18.15 18.35 Unaccounted 2/ 0.17 0.06 0.14 0.14 Ending Stocks 3.80 2.75 5.50 5.30 Avg. Farm Price 3/ 61.2 68.0 68.00 - 70.00 67.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. April 2018 WASDE - 576 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 218.69 735.21 170.19 136.55 711.16 172.84 242.74 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 198.22 679.09 167.12 132.48 679.22 151.67 216.19 Major Exporters 4/ 29.27 221.65 7.59 65.65 150.59 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.51 2.75 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 114.14 205.41 92.35 27.99 264.14 6.42 141.35 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 14.45 19.91 19.19 4.85 37.27 0.55 15.73 N. Africa 8/ 13.22 19.98 27.80 2.33 43.67 0.70 16.63 Pakistan 3.71 25.09 0.02 0.80 24.40 0.60 3.82 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 242.74 750.68 179.21 147.17 738.83 183.28 254.60 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 216.19 687.85 176.00 142.91 707.07 154.57 222.46 Major Exporters 4/ 25.41 225.74 5.94 65.39 150.92 83.95 22.22 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.50 5.44 10.42 20.16 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 141.35 200.07 96.41 36.70 278.15 5.49 154.20 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 15.73 20.14 18.11 4.97 38.52 0.53 14.93 N. Africa 8/ 16.63 14.08 28.36 2.35 44.57 0.57 13.92 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.47 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 252.60 758.79 181.75 144.57 742.50 182.03 268.89 Apr 254.60 759.75 181.81 145.71 743.13 182.01 271.22 United States Mar 32.13 47.37 4.22 2.72 30.40 25.17 28.15 Apr 32.13 47.37 4.22 1.91 29.58 25.17 28.96 Total Foreign Mar 220.47 711.42 177.53 141.85 712.10 156.86 240.74 Apr 222.46 712.38 177.60 143.81 713.54 156.84 242.26 Major Exporters 4/ Mar 22.22 221.10 6.16 64.00 149.75 76.00 23.73 Apr 22.22 221.10 6.16 65.50 151.60 75.30 22.58 Argentina Mar 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Apr 0.25 18.00 0.01 0.10 5.20 12.80 0.26 Australia Mar 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Apr 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Mar 6.84 30.00 0.50 3.50 8.70 22.50 6.14 Apr 6.84 30.00 0.50 3.50 8.70 22.50 6.14 European Union 5/ Mar 10.77 151.60 5.50 57.00 128.75 25.00 14.12 Apr 10.77 151.60 5.50 58.50 130.90 24.00 12.97 Major Importers 6/ Mar 152.30 202.53 96.13 31.93 278.99 7.01 164.97 Apr 154.20 203.36 95.48 32.80 279.03 6.83 167.18 Brazil Mar 2.26 4.26 7.80 0.50 12.10 0.60 1.62 Apr 2.26 4.26 7.30 0.50 12.00 0.30 1.52 China Mar 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Apr 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ Mar 13.03 19.42 18.25 5.36 40.57 0.94 9.19 Apr 14.93 19.33 18.20 5.36 39.67 1.01 11.78 N. Africa 8/ Mar 13.92 18.15 27.85 2.18 45.08 0.74 14.11 Apr 13.92 18.99 27.35 2.25 45.08 0.79 14.41 Pakistan Mar 4.35 26.50 0.03 1.00 25.00 1.20 4.68 Apr 4.35 26.60 0.03 1.00 25.00 1.20 4.78 Southeast Asia 9/ Mar 5.61 0.00 27.20 8.39 25.14 1.07 6.60 Apr 5.61 0.00 27.40 9.14 26.09 1.07 5.85 Selected Other India Mar 9.80 98.51 1.50 5.00 98.00 0.50 11.31 Apr 9.80 98.51 1.50 5.00 97.31 0.50 12.00 FSU-12 Mar 21.11 142.75 8.08 32.60 84.09 63.36 24.48 Apr 21.11 142.77 7.94 32.65 84.13 64.83 22.85 Russia Mar 10.83 84.99 0.50 21.50 45.00 37.50 13.82 Apr 10.83 84.99 0.40 21.50 45.00 38.50 12.72 Kazakhstan Mar 3.36 14.80 0.05 2.10 6.90 7.50 3.82 Apr 3.36 14.80 0.06 2.10 6.90 8.00 3.33 Ukraine Mar 1.77 26.98 0.03 3.50 9.90 17.20 1.68 Apr 1.77 26.98 0.03 3.50 9.90 17.20 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, K uwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 247.17 1,259.19 181.13 766.99 1,254.86 163.46 251.50 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.22 892.19 177.19 631.62 942.26 106.28 203.39 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.98 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.95 271.75 353.48 15.71 50.00 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.14 33.06 41.07 0.93 4.31 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.49 17.50 166.47 238.79 0.03 112.09 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 251.50 1,364.93 172.59 799.04 1,352.78 198.32 263.64 United States 48.11 402.61 3.43 144.75 327.48 64.50 62.17 Total Foreign 203.39 962.31 169.16 654.29 1,025.30 133.82 201.48 Major Exporters 4/ 17.63 210.68 2.66 89.54 121.69 77.77 31.51 Argentina 3.18 48.57 0.00 10.77 16.04 29.11 6.60 Australia 1.50 16.63 0.00 4.29 6.16 10.03 1.94 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.00 242.26 120.79 276.17 358.38 11.03 43.64 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 15.59 26.21 34.14 55.38 63.20 0.16 12.59 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.50 34.96 42.77 1.27 3.16 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.15 0.76 40.70 55.97 36.58 6.61 Russia 1.66 40.77 0.28 22.58 32.13 8.56 2.02 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Afri ca and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 264.38 1,321.96 185.32 818.70 1,360.32 193.56 226.02 Apr 263.64 1,315.01 184.91 814.08 1,353.78 190.51 224.88 United States Mar 62.17 384.26 3.40 145.42 330.65 62.91 56.27 Apr 62.17 384.26 3.24 143.85 328.83 62.91 57.93 Total Foreign Mar 202.21 937.71 181.92 673.28 1,029.67 130.66 169.75 Apr 201.48 930.76 181.67 670.23 1,024.95 127.61 166.95 Major Exporters 4/ Mar 31.42 191.30 2.53 91.42 123.67 75.81 25.77 Apr 31.51 185.33 2.43 90.09 121.97 72.91 24.39 Argentina Mar 6.85 43.45 0.01 10.72 16.38 27.61 6.32 Apr 6.60 39.79 0.01 9.39 14.72 26.71 4.97 Australia Mar 1.94 10.90 0.00 2.99 4.86 6.93 1.05 Apr 1.94 10.90 0.00 2.99 4.86 6.93 1.05 Brazil Mar 14.49 97.29 0.95 55.44 65.89 35.02 11.82 Apr 14.49 94.79 0.95 55.44 65.89 33.02 11.32 Canada Mar 4.91 26.21 1.26 15.89 23.65 4.55 4.18 Apr 4.91 26.21 1.26 15.89 23.65 4.55 4.18 Major Importers 5/ Mar 43.67 244.08 132.26 285.78 368.20 10.75 41.06 Apr 43.64 244.26 131.60 284.84 368.14 10.79 40.57 European Union 6/ Mar 15.11 151.64 16.91 120.38 161.00 8.51 14.16 Apr 15.11 151.64 16.91 119.68 161.00 8.51 14.16 Japan Mar 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Apr 1.68 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Mar 6.02 32.08 16.90 29.37 48.34 1.30 5.36 Apr 6.01 32.38 16.53 29.38 48.31 1.30 5.30 N. Afr & Mideast 7/ Mar 12.59 29.99 40.14 61.63 69.63 0.12 12.97 Apr 12.59 29.99 40.83 62.33 70.33 0.12 12.97 Saudi Arabia Mar 2.56 0.36 12.51 13.05 13.61 0.00 1.82 Apr 2.56 0.36 12.51 13.05 13.61 0.00 1.82 Southeast Asia 8/ Mar 3.17 29.54 14.72 36.26 43.86 0.83 2.73 Apr 3.16 29.43 14.22 35.66 43.46 0.87 2.48 South Korea Mar 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Apr 1.85 0.20 9.79 7.54 10.03 0.00 1.82 Selected Other China Mar 101.95 223.39 17.10 179.12 261.98 0.08 80.38 Apr 101.95 223.39 17.30 179.32 262.18 0.08 80.38 FSU-12 Mar 6.61 89.47 0.72 39.67 54.75 36.79 5.26 Apr 6.61 88.76 0.72 38.72 53.80 36.99 5.30 Russia Mar 2.02 41.71 0.11 22.57 32.12 10.06 1.67 Apr 2.02 41.71 0.11 22.47 32.02 10.16 1.67 Ukraine Mar 3.00 34.07 0.03 6.69 10.00 25.11 1.99 Apr 3.00 34.07 0.03 6.69 10.00 25.11 1.99 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World import s and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 209.73 972.21 139.23 601.58 968.01 119.74 213.93 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.75 626.70 137.51 471.67 669.22 71.45 169.81 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.63 144.80 196.29 4.44 22.40 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.13 33.00 41.00 0.93 4.30 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Feed Dom estic Total 2/ Exports Ending Sto c ks World 3/ 213.93 1,075.49 135.64 632.05 1,058.53 159.78 230.90 United States 44.12 384.78 1.45 139.01 313.86 58.24 58.25 Total Foreign 169.81 690.72 134.19 493.05 744.67 101.54 172.64 Major Exporters 4/ 9.32 157.05 0.87 65.63 84.83 59.79 22.63 Argentina 1.46 41.00 0.00 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.01 7.13 13.13 2.20 3.33 Major Importers 5/ 22.40 124.51 80.62 147.96 200.71 4.98 21.84 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.30 29.35 13.48 34.90 42.70 1.26 3.16 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.27 0.35 17.30 20.08 27.15 2.97 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting dis crepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra- trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Mar 231.86 1,041.74 147.65 653.85 1,074.43 155.93 199.17 Apr 230.90 1,036.07 146.56 650.03 1,069.19 152.57 197.78 United States Mar 58.25 370.96 1.27 140.98 319.93 56.52 54.04 Apr 58.25 370.96 1.27 139.71 318.53 56.52 55.44 Total Foreign Mar 173.60 670.78 146.38 512.87 754.50 99.42 145.13 Apr 172.64 665.11 145.29 510.32 750.66 96.06 142.35 Major Exporters 4/ Mar 22.78 143.50 0.51 66.80 86.20 61.70 18.88 Apr 22.63 138.20 0.41 65.80 85.00 58.70 17.53 Argentina Mar 5.76 36.00 0.01 7.50 11.50 25.00 5.27 Apr 5.28 33.00 0.01 6.50 10.30 24.00 3.98 Brazil Mar 14.02 94.50 0.40 53.00 62.50 35.00 11.42 Apr 14.02 92.00 0.40 53.00 62.50 33.00 10.92 South Africa Mar 3.00 13.00 0.10 6.30 12.20 1.70 2.20 Apr 3.33 13.20 0.00 6.30 12.20 1.70 2.63 Major Importers 5/ Mar 21.86 123.29 86.60 154.35 207.30 4.13 20.31 Apr 21.84 123.47 85.30 152.70 206.55 4.17 19.89 Egypt Mar 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Apr 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Mar 7.54 61.14 16.20 57.00 75.80 2.00 7.08 Apr 7.54 61.14 16.20 56.30 75.80 2.00 7.08 Japan Mar 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Apr 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Mar 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Apr 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ Mar 3.17 29.49 14.70 36.20 43.80 0.82 2.73 Apr 3.16 29.38 14.20 35.60 43.40 0.86 2.48 South Korea Mar 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Apr 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other Canada Mar 2.04 14.10 1.20 8.60 14.20 1.30 1.84 Apr 2.04 14.10 1.20 8.60 14.20 1.30 1.84 China Mar 100.71 215.89 4.00 167.00 241.00 0.05 79.55 Apr 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 Mar 2.97 42.03 0.45 15.28 17.96 25.26 2.23 Apr 2.97 41.93 0.45 15.18 17.86 25.26 2.23 Ukraine Mar 1.55 24.12 0.03 3.50 4.80 20.00 0.89 Apr 1.55 24.12 0.03 3.50 4.80 20.00 0.89 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2018 WASDE - 576 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 127.89 472.94 38.33 468.09 40.34 132.74 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.33 466.81 37.56 464.51 36.95 131.26 Major Exporters 4/ 31.64 154.59 0.61 127.97 29.40 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.31 6.80 0.01 2.80 4.20 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.48 1.90 3.29 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. Beginning Sto c ks Production Imports Total /2 Dom estic Exports Ending Sto c ks World 3/ 132.74 486.15 41.16 481.78 47.39 137.11 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.26 479.03 40.41 477.61 43.69 135.65 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.48 27.04 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 9.82 65.94 11.94 77.11 1.15 9.44 Brazil 0.31 8.38 0.60 8.00 0.80 0.49 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 36.86 0.30 37.50 0.00 3.17 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 3.97 5.73 0.00 1.00 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.67 1.80 3.39 0.03 0.55 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU -28. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2018 WASDE - 576 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2017/18 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Mar 137.29 486.26 46.61 480.49 47.34 143.06 Apr 137.11 487.46 47.55 480.15 48.14 144.42 United States Mar 1.46 5.66 0.79 3.81 3.18 0.93 Apr 1.46 5.66 0.79 3.81 3.05 1.06 Total Foreign Mar 135.82 480.60 45.82 476.68 44.16 142.14 Apr 135.65 481.80 46.75 476.34 45.09 143.37 Major Exporters 4/ Mar 27.04 166.05 0.65 134.45 33.70 25.59 Apr 27.04 166.32 0.65 134.02 34.40 25.59 India Mar 20.55 110.00 0.00 97.55 13.00 20.00 Apr 20.55 110.00 0.00 97.35 13.20 20.00 Pakistan Mar 1.28 7.20 0.00 3.30 3.80 1.38 Apr 1.28 7.50 0.00 3.40 4.00 1.38 Thailand Mar 4.24 20.40 0.25 11.50 10.20 3.19 Apr 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam Mar 0.97 28.45 0.40 22.10 6.70 1.02 Apr 0.97 28.45 0.40 22.10 6.70 1.02 Major Importers 5/ Mar 9.64 65.92 13.00 77.67 0.91 9.97 Apr 9.44 66.50 13.45 77.72 1.01 10.65 Brazil Mar 0.64 7.82 0.70 8.03 0.60 0.54 Apr 0.49 8.08 0.70 8.10 0.70 0.47 European Union 6/ Mar 1.12 2.09 1.90 3.75 0.28 1.08 Apr 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Mar 3.17 37.00 0.80 37.40 0.00 3.56 Apr 3.17 37.00 1.30 37.40 0.00 4.06 Nigeria Mar 1.35 3.65 2.60 6.40 0.00 1.21 Apr 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Mar 2.00 11.97 1.30 12.90 0.00 2.37 Apr 2.00 12.30 1.40 13.00 0.00 2.70 Sel. Mideast 7/ Mar 1.05 1.96 3.85 5.95 0.00 0.90 Apr 1.00 1.96 3.70 5.83 0.00 0.83 Selected Other Burma Mar 0.55 12.95 0.01 10.00 3.30 0.21 Apr 0.55 13.20 0.01 9.90 3.50 0.36 C. Amer & Carib 8/ Mar 0.55 1.71 1.89 3.51 0.03 0.61 Apr 0.55 1.71 1.89 3.51 0.03 0.60 China Mar 86.50 145.99 5.50 142.70 1.30 93.99 Apr 86.50 145.99 5.50 142.70 1.30 93.99 Egypt Mar 1.47 4.30 0.05 4.40 0.10 1.32 Apr 1.43 4.30 0.05 4.40 0.05 1.33 Japan Mar 2.46 7.60 0.69 8.45 0.06 2.24 Apr 2.49 7.59 0.69 8.45 0.05 2.27 Mexico Mar 0.17 0.19 0.85 0.92 0.09 0.20 Apr 0.17 0.19 0.86 0.92 0.09 0.21 South Korea Mar 1.73 3.97 0.41 4.87 0.01 1.23 Apr 1.73 3.97 0.41 4.87 0.01 1.23 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Ph ilippines, selected Middle East, and the EU -28. 6/ Trade excludes int ra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2018 WASDE - 576 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2015/16 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 110.76 96.20 35.42 112.29 34.97 0.20 94.91 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.11 83.31 35.39 108.84 25.82 0.04 91.11 Major Exporters 4/ 29.42 46.55 1.77 32.48 22.71 -0.05 22.61 Central Asia 5/ 3.16 5.97 3/ 2.63 4.16 0.00 2.34 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.35 9.97 0.25 4.22 7.67 -0.06 8.74 Australia 1.82 2.85 3/ 0.04 2.83 -0.08 1.88 Brazil 7.08 5.90 0.09 3.10 4.31 0.00 5.66 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Use Exports Loss /2 Ending Sto c ks World 94.91 106.76 37.60 114.78 37.53 0.16 86.80 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.11 89.59 37.59 111.53 22.61 0.10 84.05 Major Exporters 4/ 22.61 50.75 3.63 31.97 19.37 0.01 25.65 Central Asia 5/ 2.34 5.99 3/ 2.89 2.99 0.00 2.44 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 8.74 12.31 0.37 4.29 7.05 -0.02 10.10 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.66 7.00 0.19 3.20 2.79 0.00 6.86 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cot e d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includ es intra -EU trade. April 2018 WASDE - 576 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Mar 87.70 121.94 38.83 120.79 38.83 0.00 88.85 Apr 86.80 122.18 39.05 120.39 39.06 0.30 88.29 United States Mar 2.75 21.03 0.01 3.35 14.80 0.14 5.50 Apr 2.75 21.03 0.01 3.35 15.00 0.14 5.30 Total Foreign Mar 84.95 100.91 38.82 117.44 24.03 -0.14 83.35 Apr 84.05 101.15 39.04 117.04 24.06 0.16 82.99 filler filler filler filler filler filler filler Major Exporters 4/ Mar 26.55 54.53 2.46 32.94 20.33 -0.28 30.56 Apr 25.65 55.22 2.41 32.64 20.51 0.02 30.12 Central Asia 5/ Mar 2.39 6.20 3/ 3.20 2.68 0.00 2.71 Apr 2.44 6.20 3/ 3.20 2.76 0.00 2.68 Afr. Fr. Zone 6/ Mar 1.77 5.16 3/ 0.13 4.19 0.00 2.62 Apr 1.77 5.16 3/ 0.13 4.19 0.00 2.62 S. Hemis 7/ Mar 11.05 14.21 0.26 4.47 8.99 -0.29 12.36 Apr 10.10 14.90 0.21 4.47 8.79 0.01 11.95 Australia Mar 2.39 4.70 3/ 0.04 4.40 -0.15 2.81 Apr 2.19 4.70 3/ 0.04 4.20 0.00 2.66 Brazil Mar 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 Apr 6.86 8.70 0.05 3.40 4.20 0.00 8.01 India Mar 11.13 28.50 1.70 24.50 4.20 0.00 12.63 Apr 11.13 28.50 1.70 24.20 4.50 0.00 12.63 filler filler filler filler filler filler filler Major Importers 8/ Mar 56.78 42.89 33.87 80.39 2.37 0.09 50.70 Apr 56.78 42.90 34.12 80.34 2.37 0.09 51.01 Mexico Mar 0.44 1.54 0.88 1.85 0.30 0.03 0.68 Apr 0.44 1.54 0.98 1.85 0.35 0.03 0.73 China Mar 48.42 27.50 5.10 40.00 0.05 0.00 40.97 Apr 48.42 27.50 5.10 40.00 0.05 0.00 40.97 European Union 9/ Mar 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Apr 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Mar 1.58 4.00 3.80 7.10 0.35 0.00 1.93 Apr 1.58 4.00 3.80 7.10 0.35 0.00 1.93 Pakistan Mar 2.27 8.20 2.70 10.40 0.25 0.03 2.49 Apr 2.27 8.20 2.90 10.40 0.20 0.03 2.74 Indonesia Mar 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Apr 0.62 3/ 3.40 3.35 0.01 0.00 0.67 Thailand Mar 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Apr 0.20 3/ 1.00 1.00 0.00 0.03 0.18 Bangladesh Mar 1.66 0.13 7.40 7.30 0.00 0.01 1.87 Apr 1.66 0.14 7.40 7.30 0.00 0.01 1.88 Vietnam Mar 0.88 3/ 6.70 6.45 0.00 0.00 1.14 Apr 0.88 3/ 6.80 6.55 0.00 0.00 1.14 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3 / Less than 5,000 bales. 4/ Incl udes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. April 2018 WASDE - 576 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 77.90 313.77 133.33 275.15 313.94 132.56 78.50 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.71 206.91 132.69 223.82 259.47 79.70 73.14 Major Exporters 3/ 50.88 164.73 1.12 86.89 94.65 71.88 50.19 Argentina 31.70 56.80 0.68 43.27 47.65 9.92 31.60 Brazil 19.08 96.50 0.41 39.75 43.05 54.38 18.56 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ 78.50 350.76 144.33 288.23 329.41 147.46 96.72 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 73.14 233.84 143.72 236.48 273.90 88.30 88.51 Major Exporters 3/ 50.19 185.78 1.94 88.13 96.14 79.42 62.36 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.10 0.25 40.90 44.30 63.14 25.47 Paraguay 0.03 10.67 0.01 3.85 3.92 6.13 0.66 Major Importers 4/ 19.73 16.75 122.60 113.20 135.89 0.39 22.81 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.42 14.40 16.04 0.22 1.10 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.22 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Crush Dom estic Total Exports Ending Sto c ks World 2/ Mar 96.65 340.86 151.27 300.86 343.78 150.60 94.40 Apr 96.72 334.81 151.71 299.22 342.03 150.40 90.80 United States Mar 8.21 119.52 0.68 53.34 57.11 56.20 15.10 Apr 8.21 119.52 0.68 53.62 57.23 56.20 14.97 Total Foreign Mar 88.44 221.34 150.59 247.52 286.67 94.40 79.30 Apr 88.51 215.29 151.03 245.61 284.80 94.20 75.83 Major Exporters 3/ Mar 62.36 171.40 2.61 89.78 97.99 85.20 53.18 Apr 62.36 165.90 2.61 88.00 96.22 84.70 49.95 Argentina Mar 36.22 47.00 2.40 43.00 47.62 6.80 31.20 Apr 36.22 40.00 2.40 41.23 45.85 4.20 28.58 Brazil Mar 25.47 113.00 0.20 43.00 46.50 70.50 21.67 Apr 25.47 115.00 0.20 43.00 46.50 73.10 21.07 Paraguay Mar 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Apr 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Major Importers 4/ Mar 22.82 18.20 127.30 120.75 144.73 0.50 23.09 Apr 22.81 18.13 127.45 120.95 144.93 0.50 22.95 China Mar 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Apr 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Mar 1.14 2.50 14.00 14.50 16.15 0.30 1.19 Apr 1.10 2.50 14.00 14.60 16.25 0.30 1.05 Japan Mar 0.21 0.26 3.25 2.35 3.51 0.00 0.21 Apr 0.22 0.26 3.25 2.35 3.52 0.00 0.21 Mexico Mar 0.15 0.48 4.25 4.72 4.76 0.00 0.12 Apr 0.15 0.48 4.40 4.87 4.91 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). April 2018 WASDE - 576 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 13.88 215.96 61.75 213.08 65.43 13.09 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.64 175.44 61.38 183.03 54.58 12.85 Major Exporters 3/ 8.39 68.36 0.07 23.60 46.15 7.07 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.47 15.41 2.71 India 0.55 4.40 0.05 4.46 0.41 0.13 Major Importers 4/ 2.25 16.42 36.47 52.37 0.51 2.26 European Union 0.86 11.81 19.21 30.74 0.30 0.83 Southeast Asia 5/ 1.28 2.89 15.54 18.17 0.21 1.33 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 13.09 225.81 60.57 222.34 64.64 12.48 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.85 185.18 60.25 192.05 54.12 12.11 Major Exporters 3/ 7.07 71.74 0.05 24.50 47.10 7.26 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.66 0.04 16.94 13.76 3.70 India 0.13 6.80 0.01 4.71 2.01 0.22 Major Importers 4/ 2.26 16.16 36.57 52.81 0.53 1.64 European Union 0.83 11.38 18.89 30.44 0.33 0.33 Southeast Asia 5/ 1.33 2.98 16.06 18.95 0.20 1.21 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Mar 12.11 236.70 63.26 233.66 66.69 11.71 Apr 12.48 235.12 61.80 232.19 65.39 11.82 United States Mar 0.36 42.00 0.27 31.12 11.25 0.27 Apr 0.36 42.23 0.36 31.34 11.34 0.27 Total Foreign Mar 11.75 194.70 62.98 202.55 55.44 11.43 Apr 12.11 192.89 61.44 200.84 54.05 11.55 Major Exporters 3/ Mar 7.41 73.70 0.04 26.53 47.75 6.87 Apr 7.26 71.64 0.04 25.48 46.55 6.91 Argentina Mar 3.33 33.28 0.00 3.00 30.80 2.81 Apr 3.34 31.60 0.00 2.90 29.50 2.54 Brazil Mar 3.60 33.40 0.03 17.98 15.25 3.80 Apr 3.70 33.40 0.03 17.48 15.45 4.20 India Mar 0.48 7.02 0.01 5.55 1.70 0.26 Apr 0.22 6.64 0.01 5.10 1.60 0.17 Major Importers 4/ Mar 1.25 16.48 37.53 53.29 0.51 1.45 Apr 1.64 16.52 37.13 53.26 0.51 1.52 European Union Mar 0.23 11.46 19.20 30.34 0.30 0.24 Apr 0.33 11.53 18.90 30.19 0.30 0.27 Southeast Asia 5/ Mar 0.98 3.25 16.63 19.48 0.21 1.17 Apr 1.21 3.21 16.58 19.59 0.21 1.20 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Ja pan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. April 2018 WASDE - 576 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2015/16 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 4.31 51.56 11.64 52.07 11.77 3.67 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.47 41.60 11.51 42.93 10.75 2.90 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.39 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.92 6.85 22.90 0.17 1.27 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 0.99 4.27 5.20 0.00 0.58 North Africa 5/ 0.27 0.32 2.00 2.35 0.07 0.17 2016/17 Est. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ 3.67 53.86 10.90 53.66 11.29 3.48 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.90 43.83 10.76 44.65 10.13 2.70 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.46 0.77 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.27 17.89 5.81 23.68 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.58 1.62 3.53 5.30 0.00 0.43 North Africa 5/ 0.17 0.50 1.56 2.03 0.09 0.11 2017/18 Proj. Beginning Sto c ks Production Imports Dom estic Total Exports Ending Sto c ks World 2/ Mar 3.39 56.16 10.75 56.28 10.89 3.14 Apr 3.48 55.74 10.26 55.75 10.61 3.12 United States Mar 0.78 10.27 0.14 9.53 0.86 0.79 Apr 0.78 10.32 0.14 9.44 0.91 0.89 Total Foreign Mar 2.62 45.89 10.62 46.75 10.02 2.35 Apr 2.70 45.42 10.12 46.32 9.70 2.22 Major Exporters 3/ Mar 0.77 19.41 0.31 12.46 7.39 0.64 Apr 0.77 18.97 0.31 12.42 7.00 0.64 Argentina Mar 0.31 8.40 0.00 3.39 5.12 0.20 Apr 0.31 7.95 0.00 3.29 4.75 0.22 Brazil Mar 0.32 8.25 0.06 6.92 1.45 0.26 Apr 0.32 8.25 0.06 6.92 1.45 0.26 European Union Mar 0.15 2.76 0.25 2.16 0.82 0.18 Apr 0.15 2.77 0.25 2.22 0.80 0.16 Major Importers 4/ Mar 0.96 19.18 5.66 24.75 0.18 0.87 Apr 1.08 19.10 5.46 24.52 0.28 0.84 China Mar 0.54 17.02 0.48 17.40 0.10 0.54 Apr 0.54 17.02 0.45 17.25 0.20 0.56 India Mar 0.30 1.58 3.55 5.20 0.00 0.22 Apr 0.43 1.49 3.35 5.10 0.00 0.17 North Africa 5/ Mar 0.12 0.58 1.63 2.15 0.08 0.11 Apr 0.11 0.58 1.66 2.17 0.08 0.11 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa . 5/ Algeria, Egypt, Morocco, and Tunisia. April 2018 WASDE - 576 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2016 Annual 25,221 24,941 50,387 40,696 5,981 47,226 97,613 8,579 212.4 2017 I 6,300 6,409 12,764 10,233 1,488 11,849 24,613 2,182 53.6 II 6,404 6,137 12,595 10,407 1,482 12,023 24,618 2,187 55.3 III 6,731 6,239 13,023 10,551 1,479 12,167 25,190 2,204 53.5 IV 6,738 6,796 13,591 10,472 1,533 12,139 25,729 2,235 53.1 Annual Mar Est. 26,173 25,581 51,972 41,662 5,981 48,178 100,151 8,808 215.5 Apr Est. 26,173 25,581 51,972 41,662 5,981 48,178 100,151 8,808 215.5 2018 I 6,475 6,655 13,187 10,400 1,465 11,990 25,177 2,190 54.4 II* 7,055 6,425 13,532 10,575 1,455 12,170 25,702 2,215 56.2 III* 7,020 6,540 13,613 10,750 1,485 12,375 25,988 2,240 54.2 IV* 7,085 7,185 14,326 10,625 1,540 12,300 26,626 2,285 54.2 Annual Mar Proj. 27,685 26,910 54,811 42,600 5,975 49,115 103,926 8,935 219.0 Apr Proj. 27,635 26,805 54,658 42,350 5,945 48,835 103,493 8,930 219.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.73 Annual Mar Est. 121.52 50.48 93.5 96.1 100.9 17.63 Apr Est. 121.52 50.48 93.5 96.1 100.9 17.63 2018 I 126.60 49.12 95.7 79.4 179.6 15.50 -15.60 II* 114-118 47-49 101-105 76-80 132-138 15.25 -15.65 III* 106-114 45-49 90-96 82-88 116-124 15.35 -16.05 IV* 108-118 37-41 86-94 91-99 125-135 16.25 -17.25 Annual Mar Proj. 116-123 47-50 89-94 86-91 127-134 15.75 -16.35 Apr Proj. 114-119 45-47 93-98 82-86 138-144 15.60 -16.10 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. April 2018 WASDE - 576 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2016 683 25,288 3,015 28,986 2,556 757 25,673 55.5 2017 Est. Mar 757 26,240 2,994 29,990 2,862 649 26,480 56.9 Apr 757 26,240 2,994 29,990 2,862 649 26,480 56.9 2018 Proj. Mar 649 27,752 3,040 31,441 3,025 700 27,716 59.1 Apr 649 27,702 3,040 31,391 3,025 680 27,686 59.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2016 590 24,956 1,091 26,637 5,239 507 20,891 50.1 2017 Est. Mar 507 25,597 1,116 27,220 5,632 554 21,034 50.1 Apr 507 25,597 1,116 27,220 5,632 554 21,034 50.1 2018 Proj. Mar 554 26,926 1,065 28,545 5,925 635 21,985 52.0 Apr 554 26,821 1,065 28,440 5,900 610 21,930 51.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2016 1,320 50,480 4,322 56,123 7,801 1,304 47,018 106.8 2017 Est. Mar 1,304 52,065 4,362 57,731 8,500 1,246 47,985 108.2 Apr 1,304 52,065 4,362 57,731 8,500 1,246 47,985 108.2 2018 Proj. Mar 1,246 54,904 4,359 60,509 8,958 1,377 50,174 112.4 Apr 1,246 54,751 4,359 60,356 8,933 1,338 50,085 112.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2016 832 40,261 131 41,224 6,644 778 33,802 89.7 2017 Est. Mar 778 41,217 126 42,120 6,780 856 34,484 90.9 Apr 778 41,217 126 42,120 6,780 856 34,484 90.9 2018 Proj. Mar 856 42,144 130 43,130 6,950 830 35,350 92.5 Apr 856 41,897 130 42,883 6,950 830 35,103 91.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2016 201 5,981 50 6,232 569 279 5,384 16.6 2017 Est. Mar 279 5,981 24 6,284 621 310 5,353 16.4 Apr 279 5,981 24 6,284 621 310 5,353 16.4 2018 Proj. Mar 310 5,975 28 6,313 635 310 5,368 16.4 Apr 310 5,945 28 6,283 645 310 5,328 16.2 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2016 1,041 46,790 184 48,015 7,372 1,065 39,578 107.6 2017 Est. Mar 1,065 47,732 154 48,950 7,531 1,170 40,248 108.6 Apr 1,065 47,732 154 48,950 7,531 1,170 40,248 108.6 2018 Proj. Mar 1,170 48,659 162 49,991 7,730 1,148 41,113 110.1 Apr 1,170 48,381 162 49,713 7,720 1,148 40,845 109.4 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2016 2,361 97,270 4,506 104,137 15,173 2,369 86,596 214.4 2017 Est. Mar 2,369 99,797 4,515 106,682 16,032 2,416 88,234 216.8 Apr 2,369 99,797 4,515 106,682 16,032 2,416 88,234 216.8 2018 Proj. Mar 2,416 103,563 4,521 110,500 16,688 2,525 91,287 222.4 Apr 2,416 103,132 4,521 110,069 16,653 2,486 90,930 221.5 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. April 2018 WASDE - 576 - 33 U.S. Egg Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Mar Apr Mar Apr Eggs Million Dozen Supply Beginning Stocks 23.3 31.1 27.1 27.1 22.9 22.9 Production 8,052.5 8,578.7 8,807.8 8,807.8 8,935.0 8,930.0 Imports 123.5 121.9 32.3 32.3 32.0 32.0 Total Supply 8,199.3 8,731.7 8,867.2 8,867.2 8,989.9 8,984.9 Use Exports 313.6 279.0 321.1 321.1 320.0 320.0 Hatching Use 995.6 1,009.6 1,034.5 1,034.5 1,050.0 1,050.0 Ending Stocks 31.1 27.1 22.9 22.9 27.0 27.0 Disappearance Total 6,858.9 7,416.0 7,488.7 7,488.7 7,592.9 7,587.9 Per Capita (number) 256.2 274.9 275.7 275.7 277.6 277.4 Total U.S. Milk Supply and Use Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Mar Apr Mar Apr Milk Billion Pounds Production 208.6 212.4 215.5 215.5 219.0 219.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.5 12.3 12.7 12.7 13.5 13.5 Marketings 207.6 211.4 214.5 214.5 218.0 218.0 Imports 5.8 7.0 6.0 6.0 5.7 5.6 Total Cml. Supply 223.9 230.8 233.2 233.2 237.2 237.1 Fat Basis Use Commercial Exports 8.5 8.4 9.3 9.3 9.6 9.6 Ending Commercial Stocks 12.3 12.7 13.5 13.5 12.8 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.6 210.4 210.4 214.8 214.7 Skim -solid Basis Supply Beg. Commercial Stocks 9.4 9.2 9.5 9.5 11.8 11.8 Marketings 207.6 211.4 214.5 214.5 218.0 218.0 Imports 6.0 6.5 6.1 6.1 5.9 5.9 Total Cml. Supply 223.1 227.1 230.0 230.0 235.7 235.7 Skim -solid Basis Use Commercial Exports 37.3 39.0 40.8 40.8 42.8 43.4 Ending Commercial Stocks 9.2 9.5 11.8 11.8 11.3 11.5 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.5 177.5 181.6 180.9 Total Note: Totals may not add due to rounding. April 2018 WASDE - 576 - 34 U.S. Dairy Prices Commodity 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. Mar Apr Mar Apr Product Prices 1/ Dollars Per Pound Cheese 1.6454 1.6050 1.6344 1.6344 1.545 - 1.605 1.550 - 1.600 Butter 2.0670 2.0777 2.3303 2.3303 2.210 - 2.300 2.210 - 2.290 Nonfat Dry Milk 0.9016 0.8292 0.8666 0.8666 0.700 - 0.750 0.700 - 0.740 Dry Whey 0.3804 0.2875 0.4437 0.4437 0.265 - 0.295 0.240 - 0.270 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 15.80 14.87 16.17 16.17 14.30 - 14.90 14.20 - 14.70 Class IV 14.35 13.77 15.16 15.16 13.25 - 13.95 13.25 - 13.85 All Milk 3/ 17.13 16.30 17.63 17.63 15.75 - 16.35 15.60 - 16.10 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated pla nts for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . April 2018 WASDE - 576 - 35 Reliability of April Projections 1/ Note: Tables on pages 35 -37 present a record of the April projection and the final Estimate. Using world wheat production as an example, the "root mea n square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between the April proje ction and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 24 times and above 12 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 24 12 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.6 1.0 2.0 0.2 6.8 24 12 Exports World 4.0 6.8 4.2 0.4 14.3 29 7 U.S. 2.6 4.4 0.6 0.0 2.1 16 19 Foreign 5.2 8.7 4.2 0.3 13.3 29 7 Domestic Use World 0.8 1.3 3.6 0.1 9.4 16 20 U.S. 3.3 5.6 0.8 0.0 2.2 14 22 Foreign 0.8 1.3 3.3 0.0 9.6 16 19 Ending Stocks World 3.3 5.5 3.9 0.0 14.5 25 10 U.S. 8.5 14.4 0.9 0.0 4.1 24 12 Foreign 3.6 6.1 3.4 0.0 12.6 26 9 COARSE GRAINS 2/ Production World 0.9 1.6 7.9 0.3 19.2 29 7 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Foreign 1.3 2.3 7.9 0.3 19.2 29 7 Exports World 4.8 8.1 4.7 0.1 21.8 26 10 U.S. 6.6 11.3 2.7 0.0 7.2 20 16 Foreign 7.4 12.6 4.2 0.3 21.2 28 8 Domestic Use World 0.8 1.4 5.7 0.0 20.3 15 21 U.S. 2.4 4.1 3.3 0.1 16.8 13 23 Foreign 1.0 1.7 5.4 0.2 21.9 21 15 Ending Stocks World 7.7 13.1 9.4 0.2 27.0 31 5 U.S. 11.5 19.6 3.8 0.1 12.1 18 18 Foreign 10.2 17.2 7.6 0.5 24.2 30 6 RICE, milled Production World 1.3 2.2 3.4 0.2 13.3 30 6 U.S. 1.4 2.4 0.0 0.0 0.2 11 5 Foreign 1.3 2.2 3.4 0.1 13.3 30 6 Exports World 8.1 13.8 1.5 0.1 4.5 29 7 U.S. 6.3 10.7 0.1 0.0 0.5 17 16 Foreign 9.0 15.3 1.4 0.0 4.4 29 7 Domestic Use World 1.1 1.8 2.9 0.1 13.7 26 10 U.S. 6.9 11.8 0.2 0.0 0.5 12 23 Foreign 1.1 1.8 2.9 0.2 13.4 26 10 Ending Stocks World 8.3 14.1 4.0 0.1 26.1 25 11 U.S. 19.1 32.3 0.2 0.0 0.4 22 14 Foreign 8.7 14.7 4.0 0.1 26.1 24 12 1/ Footnotes at end of table. CONTINUED April 2018 WASDE - 576 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 1.7 2.9 2.5 0.2 7.9 21 15 U.S. 1.3 2.3 0.6 0.0 2.5 15 14 Foreign 2.8 4.8 2.4 0.0 8.1 22 14 Exports World 5.1 8.7 2.4 0.1 10.3 23 13 U.S. 5.6 9.6 1.3 0.0 6.3 26 10 Foreign 11.8 20.1 2.2 0.2 8.8 20 16 Domestic Use World 1.8 3.0 2.4 0.0 10.3 20 16 U.S. 2.2 3.8 0.8 0.1 2.4 24 12 Foreign 2.2 3.7 2.1 0.0 10.4 18 18 Ending Stocks World 11.6 19.8 3.1 0.3 12.0 20 16 U.S. 35.7 60.6 1.7 0.1 6.8 12 24 Foreign 12.8 21.7 2.7 0.0 12.8 23 13 COTTON Million 480 -Pound Bales Production World 1.6 2.8 1.1 0.0 5.2 27 8 U.S. 0.3 0.5 0.0 0.0 0.2 16 12 Foreign 2.0 3.3 1.1 0.0 5.1 26 9 Exports World 4.2 7.1 1.0 0.1 4.2 23 13 U.S. 4.7 8.1 0.4 0.0 1.4 15 18 Foreign 5.3 9.0 0.9 0.1 3.9 23 13 Domestic Use World 1.6 2.7 1.2 0.0 4.6 21 15 U.S. 3.1 5.3 0.2 0.0 0.6 18 14 Foreign 1.6 2.7 1.2 0.2 4.5 21 15 Ending Stocks World 6.9 11.7 2.6 0.0 8.2 24 12 U.S. 13.7 23.3 0.4 0.0 1.6 14 22 Foreign 7.5 12.6 2.5 0.1 8.0 22 14 1/ Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2016/17. 2/ Includes corn, sorghum, barley, oat s, rye, millet, and mixed grain. April 2018 WASDE - 576 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 38 1 2 Exports 6.6 11.2 95 13 248 17 19 Domestic Use 2.3 3.8 112 5 474 14 22 Ending Stocks 13.2 22.4 151 3 470 18 18 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.7 19.9 20 0 72 25 10 Domestic Use 9.3 15.8 23 0 158 14 20 Ending Stocks 39.5 67.0 22 0 148 15 20 BARLEY Production 0.8 1.3 1 0 11 16 4 Exports 14.2 24.0 4 0 13 10 22 Domestic Use 4.2 7.1 10 0 64 15 18 Ending Stocks 10.8 18.3 12 0 52 24 11 OATS Production 0.3 0.6 0 0 2 4 4 Exports 34.2 58.0 1 0 3 6 6 Domestic Use 3.6 6.1 8 0 26 12 22 Ending Stocks 12.6 21.4 9 1 30 22 14 SOYBEAN MEAL Thousand Short Tons Production 2.6 4.4 792 35 2,153 28 8 Exports 7.9 13.4 505 25 1,700 29 7 Domestic Use 2.2 3.8 506 100 2,066 24 12 Ending Stocks 35.3 59.8 66 0 214 14 20 SOYBEAN OIL Million Pounds Production 2.6 4.5 380 15 1,058 28 8 Exports 15.4 26.1 208 0 650 24 11 Domestic Use 2.0 3.3 247 0 562 21 14 Ending Stocks 17.8 30.3 251 5 753 23 13 ANIMAL PROD. Million Pounds Beef 2.4 4.0 490 19 1,388 24 12 Pork 2.2 3.7 290 10 983 23 13 Broilers 1.3 2.2 278 6 675 24 12 Turkeys 2.6 4.4 102 3 398 19 17 Million Dozen Eggs 1.6 2.7 87 10 433 25 11 Billion Pounds Milk 1.2 2.0 1.3 0.0 5.2 17 14 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2016/17 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2016/17. Calendar years 1982 through 2016 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2016. WASDE -576-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde. Supply and Dema nd Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data f or grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report ar e provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202- 720-5447 or [email protected] World Agricultural Supply and Demand Estimates WASDE -576 – April 10 , 2018 WASDE Briefing Slides : The briefing slides which accompany today’s WASDE report will be available at http://www.usda.gov/oce/commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e -mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the “Reports by E -Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 639 Approved by the World Agricultural Outlook Board August 11, 2023 WHEAT: The outlook for 2023/24 U.S. wheat this month is for decreased supplies, slightly lower domestic use, reduced exports, and higher stocks. Supplies are reduced as wheat production is forecast at 1,734 million bushels, down 5 million from last month as lower Other Spring and White wheat production is partially offset by increases for Hard Red Winter (HRW), Soft Red Winter, and Durum. The all wheat yield is 45.8 bushels per acre, down 0.3 bushels from last month. Domestic use is lowered 3 million bushels, all on food use, based on the NASS Flour Millings Products report, issued August 1. Wheat exports are reduced 25 million bushels to 700 million, on the weak sales and shipment pace to date for HRW, where all the reduction is made. Projected 2023/24 ending stoc ks are raised 23 million bushels to 615 million but remain well below the 5 -year average of 846 million. The 2023/24 season -average farm price is unchanged at $7.50 per bushel. The global wheat outlook for 2023/24 is for reduced supplies, lower consumption, decreased trade, and lower stocks. Supplies are projected to decline 4.3 million tons to 1,061.7 million as reduced production for the EU, China, and Canada is only partially offset by increases for Ukraine and Kazakhstan. The EU is lowered 3.0 mil lion tons to 135.0 million, primarily due to reductions for Spain, Lithuania, and Romania. China is reduced 3.0 million tons to 137.0 million, based on the National Bureau of Statistics summer grain production forecast. Canada is decreased 2.0 million tons to 33.0 million on worsening drought conditions in the Prairie Provinces. Ukraine is increased 3.5 million tons to 21.0 million on higher area harvested and yields with the forecast yield the second highest on record. Kazakhstan is raised 1.0 million tons to 15.0 million on higher area reported by Kazakhstan’s Bureau of National Statistics. Global consumption is reduced 3.4 million tons to 796.1 million, mainly on lower feed and residual use for the EU and reduced food, seed, and industrial use by China. World trade is decreased 2.2 million tons to 209.4 million on reduced exports by Canada and the United States. Despite higher production, Ukraine’s exports are unchanged at 10.5 million tons with the expiration of the Black Sea Grain Initiative. Projected 2023/24 global ending stocks are lowered 0.9 million tons to 265.6 million, the lowest since 2015/16. COARSE GRAINS: This month’s 2023/24 U.S. corn outlook is for reduced supplies, lower domestic use, smaller exports, and tighter ending stocks. Projected beginning stocks for 2023/24 are 55 million bushels higher based on a lower use forecast for 2022/23, reflecting reductions in corn used for exports, glucose and dextrose, and starch. Corn production for 2023/24 is forecast at 15.1 billion bushels, down 209 million from the July projection and if realized, would be the second highest on record behind 2016/17. The season’s first survey -based corn yield forecast, at 175.1 bushels per acre, is 2.4 bushels lower than last month’s projection. Today’s Crop Production report indicates that among the major producing States, yields are forecast above a year ago in Indiana, Iowa, Nebraska, Ohio, and South Dakota. Yields in Illinois, Minnesota, and Missouri are forecast below a year ago. Total U.S. corn use for 2023/24 is cut 95 million bushels to 14.4 billion. Feed and residual use is lowered 25 million bushels based on a smaller crop. Corn used for glucose and dextrose and starch is projected lower based on observed use during 2022/23. Exports for 2023/24 are cut 50 mill ion bushels to 2.1 billion. With supply declining more than use, ending stocks are lowered 60 million WASDE- 639-2 bushels to 2.2 billion. The season -average corn price received by producers is raised 10 cents to $4.90 per bushel. This month’s 2023/24 foreign coarse grain outlook is for lower production, reduced trade, and smaller ending stocks relative to last month. Foreign corn production is down, with cuts to the EU, China, and Russia partially offset by increases for Ukraine and Canada. EU corn production is sharply lower with reductions to both area and yield. The largest declines are for Hungary, Romania, Germany, and Italy. China corn production is reduced as excessive wetness in key producing provinces in Northeast China and on the North China Plain reduces yield prospects. Corn production for Ukraine is higher with increases to both area and yiel d as timely rainfall and a lack of extreme heat during July boost yield expectations. Russia corn production is reduced based on lower area. Foreign barley production is cut on declines for the EU, Canada, and Russia. Major global coarse grain trade changes for 2023/24 include lower corn exports for the United States and the EU. Ukraine corn exports are unchanged with the expiration of the Black Sea Grain Initiative. Corn imports are raise d for Canada and Zimbabwe but lowered for Egypt, Vietnam , and Algeria. Barley exports are cut for Canada and the EU. Barley imports are raised for the EU but lowered for China and Iran. Foreign corn ending stocks are down 1.6 million tons to 255.1 million, reflect ing declines for China, Zambia, and Russia that are partly offset by increases for Ukraine and South Africa. RICE : The outlook for U.S. rice in 2023/24 is for increased supplies and ending stocks compared with last month and no other changes. The initial survey -based production forecast for the 2023/24 crop increases production from the previous forecast by 2.6 million cwt to 203.6 million, all on higher yields. The average all rice yield is forecast at 7,699 pounds per acre, up 100 pounds. Long -grain production is forecast at 146.8 million cwt and combined medium - and short -grain production at 56.8 million cwt. Medium - and short -grain production is up 76 percent from a year earlier and the largest in four years. Projected all rice ending stocks are raised to 31.2 million cwt, up 1.6 million from last month. The 2023/24 long- grain season -average farm price (SAFP) forecas t is increased $1.00 per cwt to $15.50 per cwt, which raises the all rice SAFP by $0.70 to $17.70 per cwt. The medium- and short -grain SAFP forecast is unchanged at $24.80 per cwt. Updates to the 2023/24 global rice outlook result in slightly increased s upplies, decreased consumption, lowered exports, and raised stocks compared with last month. Rice supplies are raised 0.4 million tons to 694.7 million, primarily on larger beginning stocks for India that are only partly offset by smaller stocks for Vietnam. World production is forecast up slightly month- to-month and 8.1 million tons larger than in 2022/23. Global exports are decreased 3.4 million tons to 53.0 million following a n immediate ban imposed by the Government of India for milled rice exports that are neither basmati nor parboiled. India’s exports are forecast 4.0 million tons lower to 19.0 million and only partly offset by increases for Pakistan, Brazil, and Vietnam . World use is forecast down 1.0 million tons to 523.0 million, as fewer imports by many countries in Asia and Sub -Saharan Africa reduce consumption . Projected 2023/24 world ending stocks are raised 1.3 million tons to 171.8 million . The forecast for India’s ending stocks is 4.0 million tons higher than last month and partly offset by lower ending stocks for several exporters including China, Vietnam, and Pakistan. OILSEEDS: U.S. soybean supply and use changes for 2023/24 include higher beginning stocks and lower product ion and exports. Beginning stocks are raised on higher 2022/23 imports. Soybean production for 2023/24 is forecast at 4.2 billion bushels, down 95 million on lower yields. Harvested area is forecast at 82.7 million acres, unchanged from July. The first sur vey-based soybean yield forecast of 50.9 bushels per acre is reduced 1.1 bushels from last month. Soybean supplies for 2023/24 are projected at 4.5 billion bushels, down 2 percent from last year. With soybean exports down 25 million bushels on lower supplies and crush unchanged, ending stocks are forecast at 245 million bushels, down 55 million from last month. WASDE- 639-3 The U.S. season- average soybean price for 2023/24 is forecast at $12.70 per bushel, up $0.30 from last month. The soybean meal price is forecast at $380 per short ton, up 5 dollars. The soybean oil price forecast is 62 cents per pound, up 2 cents. The 2023/24 foreign oilseed supply and demand forecast includes lower exports, reduced crush, and higher ending stocks. Foreign oilseed production is nearly unchanged at 539.7 million tons as higher sunflowerseed and peanut production are mostly offset by lower rapeseed output. Ukraine and Russia sunflowerseed production is forecast higher as timely rain in July improved yield potential. Conversely, Canada’s canola crop is lowered 1.3 million tons to 19.0 million as drought intensified in the southwestern Prairies during July. EU sunflowerseed production is also reduced on lower production for Romania, Spain, and France. Global soybean exports are reduced 0.5 million tons to 168.8 million on lower U.S. exports. Soybean crush and imports are reduced for Bangladesh, Egypt, and Pakistan, in line with downward revisions in the prior marketing year. Global soybean ending stocks are reduced 1.6 million tons to 1 19.4 million mainly on lower U.S. stocks. SUGAR : Mexico sugar supply for 2022/23 is increased by 125,000 metric tons (MT) to 6,388,512 on an increase in imports. Sugar stocks have decreased substantially in both May and June driving domestic prices to his torically high levels and incentivizing high -tier tariff imports. Official trade data showing sugar exports to Mexico are currently at 112,531 MT through May with 4 months to go in 2022/23. Relatively low Mexico production of low polarity sugar at 730,207 MT limits total exports under license to 1,043,153 under Suspension Agreement provisions that requiring low polarity exports to be at least 70 percent of the total. Exports apart from those under license are at 21,860 MT. Ending stocks are unchanged providing enough sugar to supply domestic needs for 2.3 months. Deliveries into IMMEX are increased by 86,613 MT to 359,113. U.S. sugar supply for 2022/23 is raised by 148,289 short tons, raw value (STRV) on increased imports only partially offset by lower beet sugar production while use is lowered 25,000. The resulting 173,289- STRV stock increase pushes the total to 2,013,900 for an ending stocks -to-use ratio of 15.84 percent. Re -export imports are increased by 75,000 STRV to 200,000 after a large inflow reported by Customs and Border Protection (CBP) in July. Greater sugar supply availability in Mexico results in an import increase of 43,175 STRV. Calendar year TRQ imports for FTA countries are up 36,381 STRV on imports expected in the fourth quarter (the first quarter of 2023/24) entering earlier than expected. High- tier tariff imports are increased by 40,000 STRV to 390,000 on a large raw sugar entry of about 15,000 MT recorded by CBP in early August and on a further increase in the expected pace of refined sugar imports for the remainder of the fiscal year. Some reliable sources indicate that more raw sugar high- tier tariff imports are possible, but these will only be incorporated into the sugar WASDE after reported by CBP. The raw sugar TRQ shortfall is increased due to analysis made subsequent to USTR’s allocation of the TRQ after last month’s WASDE. U.S. 2022/23 beet sugar production is estimated 10,929- STRV lower (5,135,692) on processors’ revised estimates of their beet sugar from sliced beets in the SMD. Use for 2022/23 is reduced by 25,000 STRV to 12,715,000 on an observed slowing of the pace of deliveries for human consumption. Deliveries for human consumption from domestic processors/refiners are running about 1- percent lower year over year. Beet deliveries continue to lag the previous year by about 6.5 to 7.0 percent while cane deliveries have been largely compensating , but at a declining rate since May. The extent of the decrease is limited to 25,000 STRV after consideration of two factors. First, some sources indicate that the cane deliveries could regain their momentum for the remainder of the fiscal year. Second, refined high -tier tariff imports that augment direct consumption are forecast higher and may be presenting a lower -price alternative to deliveries of the domestically processed product. WASDE- 639-4 U.S. sugar supply for 2023/24 is increased by 222,848 STRV on increased beginning stocks, production, and imports. Sugar production is projected 4,197 STRV higher. Compared with last month’s WASDE, NASS forecasts an unchanged sugarbeet area harvested but a larger sugarbeet yield of 30.93 tons/acre implying a beet sugar increase of 51,302 STRV to 5,073,061. Recent dryness in Louisiana has resulted in lower processors’ forecasts of cane sugar production. It is now projected at 2,053,899 STRV, a reduction of 38,101. The Texas cane processor has lowered its forecast of sugar production by 9,004 STRV to a remarkably low total of 41,967. Access to water needed for irrigation is restricted and responsible for the poor production prospects. Imports are higher on a 75,000- STRV increase in re- export imports matching the increase in 2022/23 and a 10,000- STRV increase in high- tier tariff refined imports. Realloca tion of expected FTA imports to 2022/23 reduces the total import increase to 45,362 STRV. There are no changes to use components this month. Ending stocks are projected at 1,942,108 STRV for stocks -to-use ratio of 15.24 percent. LIVESTOCK, POULTRY, AND DA IRY: The forecast for 2023 red meat and poultry production is reduced from last month on lowered beef, pork, and broiler forecasts. Beef production is lowered on lower steer and heifer slaughter and lighter dressed weights although cow slaughter is increas ed. Pork production reflects lighter dressed weights although slaughter is raised slightly . Broiler production is reduced on lower expected eggs set and continued relatively low hatchability . Turkey production is raised on slaughter data and hatchery data. Egg production is lower as hatchery data has indicated lower -than-previously -expected flock productivity and slower additions of pullets to the laying flock. For 2024, the red meat and poultry production forecast is raised on higher beef and turkey production which more than offsets lower broiler production. Beef production is raised, reflecting higher expected placements in late 2023 and early 2024. These cattle are expected to be slaughtered during 2024 . Cow slaughter is also raised for the first part of 2024. Turkey production is raised slightly for early 2024. Pork production is unchanged from last month . Growth in broiler production is slowed with lower prices expected to reduce producer margins. The slower pace of egg production growth in 2023 is expected to carry into early 2024. Beef imports for 2023 are adjusted to reflect recent trade data but no change is made to the forecasts for second -half 2023 or 2024. The beef export forecast is unchanged for 2023. Exports are raised for 2024 from last month on higher expected supplies of beef. Pork imports and exports are adjusted to reflect June data, but no change is made to the forecasts for the remainder of 2023 or 2024. Broiler exports are reduced f or 2023 and 2024 on lower expected production . Turkey exports are raised on lower expected prices. Cattle price forecasts for 2023 and 2024 are raised on continued firm packer demand. The 2023 hog price forecast is raised on current price strength, but no changes are made to 2024 . The broiler price forecasts for 2023 and 2024 are lowered. Turkey price forecasts for 2023 and 2024 are lowered on current prices and expectations of continued weak demand . Egg price forecasts are unchanged. The milk production forecasts for 2023 and 2024 are lowered from last month . The cow inventory is lowered for both years based on the July 1 dairy cow inventory and heifer retention data provided in the recent Cattle report, as well as the average cow inventory data in the latest Milk Production report. Output per cow is reduced for 2023 but unchanged for 2024. Fat and skim -solids bases imports for 2023 are lowered from last month on weaker expected imports of cheese and butter . For exports, the 2023 fat basis export forecast is lowered due to lower exports of cheese , butter and butterfat products , and whole milk powder . The skim -solids export forecast is lower due primarily to weaker sales of whey products . Exports for 2024 are also reduced on both a fat basis and a skim- solids basis reflecting lower expected sales of butter, cheese, whey, and lactose. Imports for 2024 are reduced slightly on both fat and skim -solids bases, with weaker expected imports of cheese, butter, and casein. WASDE- 639-5 Forecasts for 2023 butter and cheese prices are raised from the previous month based on recent price strength . Whey price forecasts are lowered for 2023, as global demand remains weak . The forecast for nonfat dry milk (NDM) is raised slightly for 2023. The Class III price is raised as the higher cheese price more than offsets lower whey . The 2023 Class IV price forecast is raised due to higher butter and NDM prices . The all milk price for 2023 is raised to $19.95 per cwt . For 2024, butter and cheese price forecasts are raised with the strength in prices carrying over from the previous year . Whey prices are lowered, while the NDM forecast is unchanged . The Class III price is raised as stronger cheese prices more than offset lower whey prices . The Class IV price is raised based on higher butter prices . The all milk price is raised to $19.35 per cwt. COTTON : In this month’s 2023/24 U.S. cotton projections, beginning stocks are larger, and a 2.5 - million -bale decrease in production results in lower exports, domestic use, and ending stocks. Beginning stocks are larger as this month’s 2022/23 ending stocks are increased 450,000 bales reflecting slightly lower exports and July 29 warehouse inventory levels in the AMS Bales Made Available for Shipment report. NASS’s first survey -based estimate of production for 2023/24 is 14.0 million bales , down 2.5 million, with the crop reduced by higher projected abandonment and reduced yield in the Southwest. Exports are projected 1.3- million bales lower than in July due to reduced U.S. supply and increased competition from Brazil and Australia. Ending stocks are 700,000 bales lower, at 3.1 million bales. The U.S. season -average price for upland cotton is forecast 3 cents higher this month at 79 cents per pound. Global 2023/24 production is forecast 2.7 million bales lower this month, and consumption is 500,000 bales higher, resulting in a decrease in projected ending stocks of 2.9 million bales. In addition to the U.S. crop change, world production is reduced an additional 200,000 bales as extreme heat in Uzbekistan reduced yield prospects. World trade is 400,000 bales higher this month, with increases in imports by China and Turkey. Projected exports are also higher this month as increases for Brazil and Australia offset declines for the United States and Benin. Consumption in 2023/24 is projected higher than a month ago in China and Turkey, and lower in Indonesia. Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720 -6030 . This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: SETH MEYER SECRETARY OF AGRICULTURE DESIGNATE WASDE- 639-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report . The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Mark Simone, ICEC Chair, WAOB, [email protected] Andrew Sowell, ERS; Amy Gaito , FAS; Bruce McWilliams, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Adolfo Escoto , FAS ; Kent Lanclos, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC. Oilseeds: Joanna Hitchner , ICEC Chair (Acting) , WAOB, [email protected] Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC. In 2023 the WASDE report will be released on Sep 12, Oct 12, Nov 9, and Dec 8. WASDE- 639-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Suppl y & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Wheat Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electronic Access and Subscriptions ...................................................................... 40 August 2023 WASDE - 639 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 2799.00 3593.38 513.65 2800.64 792.73 2022/23 (Est.) 2746.10 3538.83 490.51 2770.59 768.24 filler filler filler filler filler 2023/24 (Proj.) Jul 2830.81 3597.10 506.37 2820.44 776.67 2023/24 (Proj.) Aug 2811.58 3579.82 498.07 2805.64 774.18 filler filler filler filler filler Wheat 2021/22 781.03 1065.11 202.85 792.50 272.60 2022/23 (Est.) 789.97 1062.57 218.56 794.27 268.31 filler filler filler filler filler 2023/24 (Proj.) Jul 796.67 1065.98 211.62 799.45 266.53 2023/24 (Proj.) Aug 793.37 1061.68 209.39 796.07 265.61 filler filler filler filler filler Coarse Grains 5/ 2021/22 1504.09 1827.05 253.89 1489.38 337.67 2022/23 (Est.) 1443.31 1780.97 217.39 1454.83 326.14 filler filler filler filler filler 2023/24 (Proj.) Jul 1513.38 1836.80 238.32 1497.08 339.72 2023/24 (Proj.) Aug 1497.26 1823.41 235.69 1486.62 336.79 filler filler filler filler filler Rice, milled 2021/22 513.88 701.22 56.90 518.76 182.46 2022/23 (Est.) 512.82 695.28 54.56 521.50 173.79 filler filler filler filler filler 2023/24 (Proj.) Jul 520.77 694.33 56.43 523.91 170.42 2023/24 (Proj.) Aug 520.94 694.73 52.99 522.95 171.78 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.46 474.01 66.57 351.47 55.97 filler filler filler filler filler 2023/24 (Proj.) Jul 458.24 520.19 82.19 360.57 77.42 2023/24 (Proj.) Aug 452.48 515.79 80.24 358.97 76.58 filler filler filler filler filler Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.23 20.65 30.79 15.79 filler filler filler filler filler 2023/24 (Proj.) Jul 47.33 66.66 19.73 30.81 16.12 2023/24 (Proj.) Aug 47.20 66.52 19.05 30.73 16.75 filler filler filler filler filler Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.47 399.21 43.89 315.92 39.40 filler filler filler filler filler 2023/24 (Proj.) Jul 404.53 445.13 59.92 324.84 60.37 2023/24 (Proj.) Aug 398.82 440.82 58.65 323.32 58.85 filler filler filler filler filler Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.58 2.03 4.76 0.78 filler filler filler filler filler 2023/24 (Proj.) Jul 6.38 8.40 2.54 4.92 0.94 2023/24 (Proj.) Aug 6.47 8.45 2.54 4.92 0.99 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2023 WASDE - 639 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grains 4/ 2021/22 2,350.40 3,079.97 418.83 2,439.91 734.88 2022/23 (Est.) 2,337.64 3,064.82 423.93 2,419.12 712.27 filler filler filler filler filler 2023/24 (Proj.) Jul 2,372.57 3,076.92 424.18 2,459.86 699.24 2023/24 (Proj.) Aug 2,359.10 3,064.02 417.83 2,446.67 697.59 filler filler filler filler filler Wheat 2021/22 736.22 994.68 181.20 762.74 253.60 2022/23 (Est.) 745.07 995.35 197.91 763.47 252.52 filler filler filler filler filler 2023/24 (Proj.) Jul 749.34 999.32 191.89 768.64 250.41 2023/24 (Proj.) Aug 746.18 995.16 190.34 765.34 248.87 filler filler filler filler filler Coarse Grains 5/ 2021/22 1,106.38 1,392.73 183.38 1,163.16 300.09 2022/23 (Est.) 1,084.84 1,381.77 173.50 1,138.91 286.75 filler filler filler filler filler 2023/24 (Proj.) Jul 1,108.85 1,391.67 178.40 1,172.23 279.36 2023/24 (Proj.) Aug 1,098.45 1,382.59 177.04 1,163.30 277.94 filler filler filler filler filler Rice, milled 2021/22 507.80 692.55 54.25 514.01 181.20 2022/23 (Est.) 507.73 687.71 52.53 516.73 173.01 filler filler filler filler filler 2023/24 (Proj.) Jul 514.39 685.92 53.89 518.99 169.48 2023/24 (Proj.) Aug 514.48 686.27 50.45 518.03 170.78 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2021/22 115.66 201.92 43.20 116.00 85.64 2022/23 (Est.) 118.29 203.93 37.05 110.48 94.13 filler filler filler filler filler 2023/24 (Proj.) Jul 116.84 210.79 43.51 116.45 94.52 2023/24 (Proj.) Aug 114.12 208.25 43.86 116.94 91.60 filler filler filler filler filler United States 2021/22 17.52 20.68 14.48 2.55 3.75 2022/23 (Est.) 14.47 18.22 12.80 2.05 3.70 filler filler filler filler filler 2023/24 (Proj.) Jul 16.50 19.76 13.75 2.20 3.80 2023/24 (Proj.) Aug 13.99 17.70 12.50 2.15 3.10 filler filler filler filler filler Foreign 4/ 2021/22 98.14 181.24 28.72 113.45 81.89 2022/23 (Est.) 103.82 185.71 24.25 108.43 90.43 filler filler filler filler filler 2023/24 (Proj.) Jul 100.34 191.04 29.76 114.25 90.72 2023/24 (Proj.) Aug 100.12 190.55 31.36 114.79 88.50 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal t o world minus United States. See global cotton tables for treatment of export/import imbalances. August 2023 WASDE - 639 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 611.43 727.21 178.87 510.97 117.88 2022/23 (Est.) 629.11 746.99 199.52 520.17 121.69 filler filler filler filler filler 2023/24 (Proj.) Jul 667.32 788.29 197.90 541.83 138.17 2023/24 (Proj.) Aug 663.70 785.40 196.37 541.24 136.69 filler filler filler filler filler Oilmeals 2021/22 349.86 368.81 96.29 347.00 19.54 2022/23 (Est.) 354.38 373.93 96.53 354.23 15.95 filler filler filler filler filler 2023/24 (Proj.) Jul 370.24 386.12 99.47 364.50 18.02 2023/24 (Proj.) Aug 369.69 385.65 100.08 363.56 18.35 filler filler filler filler filler Vegetable Oils 2021/22 207.93 236.42 79.48 202.65 28.82 2022/23 (Est.) 216.18 244.99 87.53 210.30 30.22 filler filler filler filler filler 2023/24 (Proj.) Jul 223.27 253.50 88.46 218.05 30.55 2023/24 (Proj.) Aug 223.35 253.57 88.93 217.69 31.05 filler filler filler filler filler United States Output Total Supply Trade Total Use 2 / Ending Stocks Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.93 136.73 54.79 64.60 8.74 filler filler filler filler filler 2023/24 (Proj.) Jul 127.65 137.52 51.50 66.93 9.96 2023/24 (Proj.) Aug 124.01 134.23 50.66 66.74 8.32 filler filler filler filler filler Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.10 54.64 13.11 41.12 0.40 filler filler filler filler filler 2023/24 (Proj.) Jul 51.62 56.21 13.67 42.08 0.45 2023/24 (Proj.) Aug 51.53 56.07 13.84 41.78 0.45 filler filler filler filler filler Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.28 20.57 0.35 18.97 1.25 filler filler filler filler filler 2023/24 (Proj.) Jul 13.65 21.33 0.38 19.72 1.23 2023/24 (Proj.) Aug 13.62 21.30 0.35 19.73 1.21 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2021/22 480.08 586.04 119.31 447.10 108.73 2022/23 (Est.) 503.19 610.26 144.73 455.57 112.96 filler filler filler filler filler 2023/24 (Proj.) Jul 539.67 650.77 146.41 474.90 128.21 2023/24 (Proj.) Aug 539.70 651.17 145.71 474.50 128.37 filler filler filler filler filler Oilmeals 2021/22 300.59 315.58 83.83 306.58 19.19 2022/23 (Est.) 304.28 319.29 83.42 313.11 15.55 filler filler filler filler filler 2023/24 (Proj.) Jul 318.62 329.91 85.80 322.42 17.57 2023/24 (Proj.) Aug 318.17 329.58 86.24 321.78 17.90 filler filler filler filler filler Vegetable Oils 2021/22 194.88 216.80 78.44 185.34 27.55 2022/23 (Est.) 202.90 224.42 87.17 191.32 28.98 filler filler filler filler filler 2023/24 (Proj.) Jul 209.62 232.17 88.08 198.33 29.32 2023/24 (Proj.) Aug 209.73 232.27 88.58 197.96 29.84 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct. -Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2023 WASDE - 639 - 11 U.S. Wheat Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Million Acres Area Planted 46.7 45.7 49.6 49.8 Area Harvested 37.1 35.5 37.7 37.9 Bushels Yield per Harvested Acre 44.3 46.5 46.1 45.8 Million Bushels Beginning Stocks 845 698 580 580 Production 1,646 1,650 1,739 1,734 Imports 96 122 130 130 Supply, Total 2,588 2,470 2,449 2,444 Food 971 973 977 974 Seed 58 69 65 65 Feed and Residual 64 90 90 90 Domestic, Total 1,093 1,131 1,132 1,129 Exports 796 759 725 700 Use, Total 1,889 1,890 1,857 1,829 Ending Stocks 698 580 592 615 Avg. Farm Price ($/bu) 2/ 7.63 8.83 7.50 7.50 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1,650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2,470 Food 374 266 163 85 85 973 Seed 29 17 15 5 2 69 Feed and Residual 53 -7 65 -20 0 90 Domestic Use 455 276 242 71 88 1,131 Exports 224 214 107 190 23 759 Use, Total 679 490 349 261 111 1,890 Ending Stocks, Total 232 158 90 72 28 580 2023/24 (Proj.) Beginning Stocks 232 158 90 72 28 580 Production 585 413 440 239 57 1,734 Imports 15 55 5 5 50 130 Supply, Total 3/ 832 626 535 316 135 2,444 Food 374 260 170 85 85 974 Seed 27 18 12 6 2 65 Feed and Residual 20 -5 80 -5 0 90 Domestic Use 421 273 262 86 87 1,129 Exports 165 205 135 170 25 700 Use, Total 586 478 397 256 112 1,829 Ending Stocks, Total Aug 246 148 138 60 23 615 Ending Stocks, Total Jul 227 155 129 61 20 592 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing -year weighted average price received by farmers. 3/ Includes imports. August 2023 WASDE - 639 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Million Acres Area Planted 105.8 100.4 106.8 * 106.6 Area Harvested 94.4 87.1 95.6 * 95.5 Metric Tons Yield per Harvested Acre 4.21 4.11 4.23 4.17 Million Metric Tons Beginning Stocks 34.0 37.6 38.0 39.4 Production 397.5 358.2 404.2 398.5 Imports 2.3 2.9 2.3 2.3 Supply, Total 433.8 398.6 444.5 440.1 Feed and Residual 148.5 141.2 147.6 146.8 Food, Seed & Industrial 177.2 174.1 176.6 175.9 Domestic, Total 325.7 315.3 324.2 322.7 Exports 70.5 43.9 59.9 58.6 Use, Total 396.2 359.2 384.1 381.3 Ending Stocks 37.6 39.4 60.3 58.8 CORN 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Million Acres Area Planted 93.3 88.6 94.1 * 94.1 Area Harvested 85.3 79.2 86.3 * 86.3 Bushels Yield per Harvested Acre 176.7 173.3 177.5 * 175.1 Million Bushels Beginning Stocks 1,235 1,377 1,402 1,457 Production 15,074 13,730 15,320 15,111 Imports 24 35 25 25 Supply, Total 16,333 15,142 16,747 16,592 Feed and Residual 5,719 5,425 5,650 5,625 Food, Seed & Industrial 2/ 6,764 6,635 6,735 6,715 Ethanol & by -products 3/ 5,326 5,225 5,300 5,300 Domestic, Total 12,483 12,060 12,385 12,340 Exports 2,472 1,625 2,100 2,050 Use, Total 14,956 13,685 14,485 14,390 Ending Stocks 1,377 1,457 2,262 2,202 Avg. Farm Price ($/bu) 4/ 6.00 6.60 4.80 4.90 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. * For July, corn planted and harvested area as reported in the June 30, 2023, "Acreage." The yield projection is based on a weather -adjusted trend, estimated using the 1988 -2022 time period, assuming normal planting progress but lo wered to reflect extreme dryness during June. August 2023 WASDE - 639 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 7.3 6.3 6.8 * 6.8 Area Harvested (mil. acres) 6.5 4.6 5.9 * 5.9 Yield (bushels/acre) 69.0 41.1 69.2 * 66.2 Beginning Stocks 20 47 25 25 Production 448 188 411 393 Imports 0 0 0 0 Supply, Total 468 235 436 418 Feed and Residual 80 50 90 75 Food, Seed & Industrial 45 60 55 55 Total Domestic 125 110 145 130 Exports 296 100 255 255 Use, Total 421 210 400 385 Ending Stocks 47 25 36 33 Avg. Farm Price ($/bu) 2/ 5.94 6.75 4.80 4.90 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.7 2.9 3.4 * 3.2 Area Harvested (mil. acres) 2.0 2.4 2.5 * 2.4 Yield (bushels/acre) 60.3 71.7 70.1 * 75.1 Beginning Stocks 71 42 56 56 Production 120 174 177 180 Imports 15 24 14 14 Supply, Total 206 240 248 250 Feed and Residual 17 51 40 50 Food, Seed & Industrial 139 131 135 125 Total Domestic 157 182 175 175 Exports 7 2 3 3 Use, Total 164 184 178 178 Ending Stocks 42 56 70 72 Avg. Farm Price ($/bu) 2/ 5.31 7.40 6.10 6.75 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.6 2.5 * 2.6 Area Harvested (mil. acres) 0.7 0.9 0.8 * 0.8 Yield (bushels/acre) 61.3 64.8 62.8 * 61.5 Beginning Stocks 38 33 35 35 Production 40 58 50 49 Imports 81 84 80 80 Supply, Total 159 174 165 164 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 32 31 Avg. Farm Price ($/bu) 2/ 4.55 4.57 3.30 3.30 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. * For July sorghum planted and harvested acres reported in the June 30, 2023, "Acreage." The yield is the median yield for 2003- 2022. Barley and oats area planted, area harvested, yield, and production as reported in the July 12, 2023, "Crop Production." August 2023 WASDE - 639 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Million Acres Area Planted 2.53 2.22 2.69 * 2.69 Area Harvested 2.49 2.17 2.65 * 2.65 Fil ler Pounds Yield per Harvested Acre 7,709 7,383 7,599 * 7,699 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 25.6 24.6 Production 191.6 160.4 201.0 203.6 Imports 37.8 38.5 38.0 38.0 Supply, Total 273.0 238.6 264.6 266.2 Domestic & Residual 3/ 149.8 150.0 155.0 155.0 Exports, Total 4/ 83.5 64.0 80.0 80.0 Rough 28.2 19.0 23.0 23.0 Milled (rough equiv.) 55.3 45.0 57.0 57.0 Use, Total 233.3 214.0 235.0 235.0 Ending Stocks 39.7 24.6 29.6 31.2 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.10 19.40 17.00 17.70 Total LONG -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7,471 7,224 Beginning Stocks 29.7 24.6 15.8 16.8 Imports 30.7 31.0 31.0 31.0 Production 144.6 128.2 144.8 146.8 Supply, Total 7/ 205.0 183.8 191.6 194.6 Domestic & Residual 3/ 118.3 117.0 121.0 121.0 Exports 8/ 62.0 50.0 54.0 54.0 Use, Total 180.3 167.0 175.0 175.0 Ending Stocks 24.6 16.8 16.6 19.6 Avg. Farm Price ($/cwt) 6/ 13.60 16.90 14.50 15.50 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8,549 8,094 Beginning Stocks 11.5 13.0 7.8 5.8 Imports 7.1 7.5 7.0 7.0 Production 47.0 32.2 56.2 56.8 Supply, Total 7/ 66.0 52.8 71.0 69.6 Domestic & Residual 3/ 31.5 33.0 34.0 34.0 Exports 8/ 21.5 14.0 26.0 26.0 Use, Total 53.0 47.0 60.0 60.0 Ending Stocks 13.0 5.8 11.0 9.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 24.80 24.80 California 10/ 31.90 36.00 29.00 29.00 Other States 1/ 13.90 18.20 16.00 16.00 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2019/20 -1.0; 2020/21-2.5;2021/2 2-2.0. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Mille d rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing -year weighted average price received by farme rs. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short- grain season -average - farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the f inal price may differ. 10/ Marketing year beginning October 1. * For June --Planted acres reported in March 31, 2023, "Prospective P lantings." Harvested acres are estimated using long run harvested -to-planted ratios by rice class. For July --Planted and harvested area are reported in June 30, 2023 "Acreage" report. Projected yield is based on by -class trend analysis and planted area. August 2023 WASDE - 639 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Million Acres Area Planted 87.2 87.5 83.5 * 83.5 Area Harvested 86.3 86.3 82.7 * 82.7 Fil ler Bushels Yield per Harvested Acre 51.7 49.5 52.0 * 50.9 Million Bushels Beginning Stocks 257 274 255 260 Production 4,465 4,276 4,300 4,205 Imports 16 30 20 30 Supply, Total 4,738 4,581 4,575 4,496 Crushings 2,204 2,220 2,300 2,300 Exports 2,152 1,980 1,850 1,825 Seed 102 97 101 101 Residual 6 23 25 25 Use, Total 4,464 4,320 4,276 4,251 Ending Stocks 274 260 300 245 Avg. Farm Price ($/bu) 2/ 13.30 14.20 12.40 12.70 Total SOYBEAN OIL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 2,131 1,991 1,936 1,881 Production 4/ 26,155 26,265 27,025 27,025 Imports 303 375 375 375 Supply, Total 28,589 28,631 29,336 29,281 Domestic Disappearance 24,827 26,350 27,050 27,050 Biofuel 3/ 10,348 11,700 12,500 12,500 Food, Feed & other Industrial 14,479 14,650 14,550 14,550 Exports 1,771 400 450 400 Use, Total 26,598 26,750 27,500 27,450 Ending stocks 1,991 1,881 1,836 1,831 Avg. Price (c/lb) 2/ 72.98 65.00 60.00 62.00 Total SOYBEAN MEAL 2021/22 2022/23 E st. 2023/24 Proj. 2023/24 Proj. July August Fil ler 1 2 3 4 Thousand Short Tons Beginning Stocks 341 311 350 350 Production 4/ 51,814 52,564 54,175 54,175 Imports 655 625 650 600 Supply, Total 52,810 53,500 55,175 55,125 Domestic Disappearance 38,959 38,950 39,975 39,725 Exports 13,540 14,200 14,800 15,000 Use, Total 52,499 53,150 54,775 54,725 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 455.00 375.00 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,220 million bushels for 2022/23 and 2,300 million bushels for 2023/24. *Planted and harvested acres are from the June 30, 2023 Acreage report. The yield is based on a weather -adjusted trend model. August 2023 WASDE - 639 - 16 U.S. Sugar Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,705 1,820 1,841 2,014 Production 2/ 9,157 9,231 9,199 9,203 Beet Sugar 5,155 5,136 5,022 5,073 Cane Sugar 4,002 4,095 4,177 4,130 Florida 1,934 1,983 2,034 2,034 Louisiana 1,944 2,034 2,092 2,054 Texas 124 78 51 42 Imports 3,646 3,678 3,420 3,465 TRQ 3/ 1,579 1,869 1,644 1,604 Other Program 4/ 298 200 125 200 Non-program 1,769 1,609 1,651 1,661 Mexico 1,379 1,219 1,486 1,486 High -tier tariff/other 390 390 165 175 Total Supply 14,508 14,729 14,459 14,682 Exports 29 35 35 35 Deliveries 12,578 12,680 12,705 12,705 Food 12,470 12,575 12,600 12,600 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12,688 12,715 12,740 12,740 Ending Stocks 1,820 2,014 1,719 1,942 Stocks to Use Ratio 14.3 15.8 13.5 15.2 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2022/23 and 2023/24 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2022/23, WTO raw sugar TRQ shortfall (168) and for 2023/24 (94). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar -containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE - reported deliveries: 2021/22 -- 303; estimated 2022/23 -- 299; projected 2023/24 -- 291 Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2022/23 Est. Jul 964 5,224 75 4,357 1,027 880 2022/23 Est. Aug 964 5,224 200 4,444 1,065 880 2023/24 Proj. Jul 880 5,900 45 4,589 1,348 888 2023/24 Proj. Aug 880 5,900 45 4,589 1,348 888 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2021/22 = 1,320; Estimated 2022/23 = 1,407; Projected 2023/24 = 1,407; Estimated Oct. - June 2023 =1,025; Estimated Oct. - June 2022 = 966. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2022/23 (359 est =334 dom.+25 import); 2023/24 (450 proj = 425 d om.+25 import). Statistical Adjustments: 2022/23 (0), 2023/24 (0). August 2023 WASDE - 639 - 17 U.S. Cotton Supply and Use 1/ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Jul Aug Fil ler Fil ler Fil ler Fil ler Fil ler Area Million Acres Planted 11.22 13.76 11.09 ** 11.09 Harvested 10.27 7.31 9.53 ** 8.62 Fil ler Pounds Yield per Harvested Acre 819 950 831 ** 779 Million 480 Pound Bales Beginning Stocks 3.15 3.75 3.25 3.70 Production 17.52 14.47 16.50 13.99 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.22 19.76 17.70 Domestic Use 2.55 2.05 2.20 2.15 Exports, Total 14.48 12.80 13.75 12.50 Use, Total 17.03 14.85 15.95 14.65 Unaccounted 2/ -0.10 -0.33 0.01 -0.05 Ending Stocks 3.75 3.70 3.80 3.10 Avg. Farm Price 3/ 91.4 82.0 76.0 79.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area as reported in June 30, 2023 Acreage report. Yield based on 5-year average yields by region. Harvested area based on 10- year average abandonment by region, with the Southwest adjusted to reflect conditions to date. August 2023 WASDE - 639 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 284.08 781.03 199.39 161.13 792.50 202.85 272.60 World Less China 144.96 644.08 189.82 126.13 644.50 201.98 135.85 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.08 736.22 196.77 159.38 762.74 181.20 253.60 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.53 204.00 130.33 54.68 323.57 15.31 172.99 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 272.60 789.97 211.04 156.70 794.27 218.56 268.31 World Less China 135.85 652.25 197.75 123.70 646.27 217.61 129.49 United States 19.01 44.90 3.32 2.46 30.79 20.65 15.79 Total Foreign 253.60 745.07 207.72 154.24 763.47 197.91 252.52 Major Exporters 4/ 39.72 333.70 13.34 75.45 183.20 160.30 43.25 Argentina 1.93 12.55 0.01 0.05 6.55 5.00 2.93 Australia 3.45 39.69 0.20 4.50 8.00 32.50 2.84 Canada 3.66 33.82 0.55 4.50 10.00 25.50 2.54 European Union 5/ 13.32 134.14 12.20 44.00 108.00 34.50 17.16 Russia 12.09 92.00 0.30 19.00 42.25 46.00 16.14 Ukraine 5.27 21.50 0.08 3.40 8.40 16.80 1.65 Major Importers 6/ 172.99 205.95 134.14 51.20 321.22 15.22 176.65 Bangladesh 1.31 1.10 5.20 0.20 6.70 0.00 0.91 Brazil 1.18 10.60 5.00 0.55 11.95 2.70 2.13 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.04 5.45 0.75 6.35 0.29 1.03 N. Africa 7/ 12.88 17.33 29.29 1.67 46.42 0.82 12.26 Nigeria 0.62 0.11 4.75 0.00 4.75 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 24.80 3.68 39.82 0.58 11.43 Southeast Asia 9/ 4.62 0.00 24.26 7.55 24.30 1.38 3.21 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 2.00 2.30 7.40 9.50 3.00 United Kingdom 1.85 15.54 1.95 7.00 15.00 1.85 2.49 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2023 WASDE - 639 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 269.31 796.67 207.96 157.13 799.45 211.62 266.53 Aug 268.31 793.37 207.39 156.63 796.07 209.39 265.61 World Less China Jul 130.28 656.67 195.96 121.13 646.45 210.72 129.40 Aug 129.49 656.37 195.39 120.63 644.07 208.49 130.69 United States Jul 15.79 47.33 3.54 2.45 30.81 19.73 16.12 Aug 15.79 47.20 3.54 2.45 30.73 19.05 16.75 Total Foreign Jul 253.52 749.34 204.42 154.68 768.64 191.89 250.41 Aug 252.52 746.18 203.85 154.18 765.35 190.34 248.87 Major Exporters 4/ Jul 44.23 322.00 8.17 74.80 182.00 156.50 35.90 Aug 43.25 320.50 8.19 73.80 181.00 155.00 35.94 Argentina Jul 2.93 17.50 0.01 0.10 6.60 12.00 1.84 Aug 2.93 17.50 0.01 0.10 6.60 12.00 1.84 Australia Jul 2.84 29.00 0.20 4.20 7.70 21.50 2.84 Aug 2.84 29.00 0.20 4.20 7.70 21.50 2.84 Canada Jul 2.54 35.00 0.60 4.00 9.10 26.50 2.54 Aug 2.54 33.00 0.60 4.00 9.10 24.50 2.54 European Union 5/ Jul 17.66 138.00 7.00 45.00 109.50 38.50 14.66 Aug 17.16 135.00 7.00 43.00 107.50 38.50 13.16 Russia Jul 16.64 85.00 0.30 19.00 42.00 47.50 12.44 Aug 16.14 85.00 0.30 19.00 42.00 48.00 11.44 Ukraine Jul 1.63 17.50 0.06 2.50 7.10 10.50 1.59 Aug 1.65 21.00 0.08 3.50 8.10 10.50 4.13 Major Importers 6/ Jul 176.76 211.16 134.62 54.05 328.78 16.35 177.41 Aug 176.65 208.46 133.82 54.20 327.88 16.35 174.70 Bangladesh Jul 0.91 1.10 5.80 0.25 6.75 0.00 1.06 Aug 0.91 1.10 5.80 0.25 6.75 0.00 1.06 Brazil Jul 2.03 10.00 5.60 0.55 12.05 3.50 2.08 Aug 2.13 10.30 5.60 0.60 12.10 3.50 2.43 China Jul 139.03 140.00 12.00 36.00 153.00 0.90 137.13 Aug 138.82 137.00 12.00 36.00 152.00 0.90 134.92 Japan Jul 1.27 1.17 5.60 0.75 6.35 0.30 1.39 Aug 1.03 1.17 5.60 0.75 6.35 0.30 1.15 N. Africa 7/ Jul 12.09 16.73 31.40 1.75 47.65 0.60 11.97 Aug 12.26 16.73 31.60 1.75 47.70 0.60 12.29 Nigeria Jul 0.33 0.12 5.50 0.00 5.20 0.50 0.25 Aug 0.33 0.12 5.30 0.00 5.00 0.50 0.25 Sel. Mideast 8/ Jul 11.14 19.18 23.02 3.60 40.40 0.58 12.36 Aug 11.43 19.18 23.22 3.60 40.50 0.58 12.75 Southeast Asia 9/ Jul 3.53 0.00 26.00 7.45 24.33 1.13 4.08 Aug 3.21 0.00 25.50 7.45 24.33 1.13 3.26 Selected Other India Jul 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Aug 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan Jul 3.00 14.00 2.00 1.60 6.80 9.50 2.70 Aug 3.00 15.00 2.00 2.00 7.30 9.50 3.20 United Kingdom Jul 2.49 15.50 1.70 7.30 15.40 1.90 2.39 Aug 2.49 15.50 1.70 7.30 15.40 1.90 2.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesi a, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yem en, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2023 WASDE - 639 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 322.96 1,504.09 230.09 908.70 1,489.38 253.89 337.67 World Less China 115.50 1,223.24 188.60 680.87 1,169.35 253.89 127.90 United States 34.01 397.71 2.59 148.59 326.22 70.52 37.58 Total Foreign 288.95 1,106.38 227.50 760.11 1,163.16 183.38 300.09 Major Exporters 4/ 19.41 332.81 9.77 139.36 185.63 149.23 27.13 Argentina 2.06 59.16 0.01 12.72 18.44 40.29 2.49 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.43 13.56 32.93 8.69 Major Importers 5/ 36.03 248.21 138.71 285.52 369.86 15.33 37.76 European Union 6/ 14.50 154.81 21.30 117.68 158.47 13.76 18.38 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.22 30.90 17.31 41.11 49.48 0.64 3.31 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 337.67 1,443.31 212.78 891.41 1,454.83 217.39 326.14 World Less China 127.90 1,157.81 181.33 661.79 1,134.01 217.34 120.30 United States 37.58 358.47 3.16 141.36 315.92 43.89 39.40 Total Foreign 300.09 1,084.84 209.62 750.05 1,138.92 173.50 286.75 Major Exporters 4/ 27.13 327.01 4.17 138.86 187.65 144.41 26.25 Argentina 2.49 42.71 0.01 10.75 16.66 26.00 2.54 Australia 3.61 18.67 0.00 6.42 8.30 10.48 3.51 Brazil 4.50 139.60 1.57 66.55 80.14 56.03 9.50 Canada 3.71 30.54 2.36 16.86 25.33 7.19 4.09 Russia 1.85 44.13 0.10 24.18 33.65 10.12 2.32 Ukraine 8.69 33.93 0.00 6.70 9.67 30.80 2.15 Major Importers 5/ 37.76 228.26 137.31 276.09 358.68 12.56 32.08 European Union 6/ 18.38 132.96 26.85 113.26 153.08 10.73 14.38 Japan 1.56 0.25 16.52 13.10 16.80 0.00 1.52 Mexico 3.93 32.35 18.05 31.35 50.80 0.20 3.33 N. Afr & Mideast 7/ 6.43 31.39 33.20 56.10 64.13 0.76 6.14 Saudi Arabia 1.41 0.14 8.41 8.41 8.75 0.00 1.21 Southeast Asia 8/ 3.31 30.93 18.18 40.00 48.50 0.87 3.05 South Korea 2.07 0.16 11.74 9.55 12.06 0.00 1.91 Selected Other China 209.77 285.50 31.45 229.63 320.83 0.05 205.85 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. August 2023 WASDE - 639 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 323.42 1,513.38 227.48 924.33 1,497.08 238.32 339.72 Aug 326.14 1,497.26 226.10 914.21 1,486.62 235.69 336.79 World Less China Jul 117.57 1,225.08 187.78 686.63 1,168.13 238.29 134.85 Aug 120.30 1,211.96 186.70 676.81 1,157.97 235.66 134.92 United States Jul 38.00 404.53 2.60 147.78 324.84 59.92 60.37 Aug 39.40 398.82 2.60 146.99 323.32 58.65 58.85 Total Foreign Jul 285.42 1,108.85 224.88 776.54 1,172.23 178.40 279.36 Aug 286.75 1,098.45 223.50 767.22 1,163.30 177.04 277.94 Major Exporters 4/ Jul 25.22 330.97 3.69 140.53 189.68 148.45 21.75 Aug 26.25 330.10 4.09 138.79 188.14 148.20 24.10 Argentina Jul 2.57 63.38 0.01 11.51 17.62 45.70 2.63 Aug 2.54 63.38 0.01 11.51 17.62 45.70 2.61 Australia Jul 3.51 13.74 0.00 5.76 7.64 7.61 2.00 Aug 3.51 13.74 0.00 5.76 7.64 7.61 2.00 Brazil Jul 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Aug 9.50 134.33 1.70 68.28 83.31 55.03 7.19 Canada Jul 4.48 28.43 1.85 16.99 24.63 6.48 3.64 Aug 4.09 27.91 2.25 16.57 24.51 6.18 3.55 Russia Jul 2.32 42.25 0.10 24.10 33.50 8.91 2.27 Aug 2.32 39.40 0.10 21.85 31.15 8.91 1.77 Ukraine Jul 2.16 31.47 0.00 7.45 10.03 21.33 2.27 Aug 2.15 33.97 0.00 7.41 9.99 21.37 4.77 Major Importers 5/ Jul 30.89 242.41 143.83 290.21 373.43 13.48 30.22 Aug 32.08 235.46 142.13 283.31 367.11 12.28 30.30 European Union 6/ Jul 13.11 143.30 25.48 117.21 156.88 11.80 13.21 Aug 14.38 136.45 25.98 112.61 152.86 10.59 13.35 Japan Jul 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Aug 1.52 0.25 17.01 13.34 17.24 0.00 1.54 Mexico Jul 3.28 33.24 18.78 32.55 52.37 0.30 2.63 Aug 3.33 33.24 18.78 32.55 52.37 0.30 2.68 N. Afr & Mideast 7/ Jul 6.20 33.92 37.87 63.08 71.28 0.77 5.95 Aug 6.14 33.92 36.17 61.38 69.58 0.77 5.88 Saudi Arabia Jul 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Aug 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Southeast Asia 8/ Jul 3.07 31.31 19.31 41.35 49.90 0.61 3.17 Aug 3.05 31.21 18.81 40.75 49.30 0.61 3.14 South Korea Jul 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Aug 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Selected Other China Jul 205.85 288.30 39.70 237.70 328.95 0.03 204.87 Aug 205.85 285.30 39.40 237.40 328.65 0.03 201.87 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailan d, and Vietnam. August 2023 WASDE - 639 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 292.88 1,218.71 184.44 745.45 1,201.36 206.59 310.24 World Less China 87.18 946.16 162.55 536.45 910.36 206.59 101.10 United States 31.36 382.89 0.62 145.27 317.09 62.80 34.98 Total Foreign 261.52 835.82 183.82 600.18 884.27 143.79 275.26 Major Exporters 4/ 9.04 238.99 2.67 94.06 117.16 117.60 15.94 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.63 136.75 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.52 19.74 60.00 81.70 6.03 11.36 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.30 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2 / Exports Ending Stocks World 3/ 310.24 1,151.78 173.84 730.14 1,164.10 177.50 297.92 World Less China 101.10 874.58 155.84 512.14 865.10 177.48 92.60 United States 34.98 348.75 0.89 137.80 306.34 41.28 37.00 Total Foreign 275.26 803.03 172.95 592.34 857.77 136.23 260.92 Major Exporters 4/ 15.94 228.83 1.06 91.20 116.00 115.20 14.63 Argentina 1.50 34.00 0.01 8.00 12.00 22.00 1.51 Brazil 3.97 135.00 1.00 62.50 75.00 56.00 8.97 Russia 0.93 15.83 0.05 9.40 10.50 5.40 0.91 South Africa 1.95 17.00 0.00 7.30 13.30 3.80 1.85 Ukraine 7.59 27.00 0.00 4.00 5.20 28.00 1.39 Major Importers 5/ 23.47 117.23 94.27 156.70 211.90 4.87 18.20 Egypt 1.56 7.44 5.00 10.00 12.50 0.00 1.50 European Union 6/ 11.36 52.23 24.50 56.50 77.10 3.80 7.19 Japan 1.36 0.01 15.00 11.70 15.00 0.00 1.37 Mexico 3.16 26.50 17.20 26.00 44.00 0.20 2.66 Southeast Asia 7/ 3.30 30.88 16.67 38.70 46.95 0.87 3.04 South Korea 2.06 0.09 11.60 9.50 11.85 0.00 1.90 Selected Other Canada 2.75 14.54 2.30 9.40 15.20 2.20 2.19 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2023 WASDE - 639 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jul 296.30 1,224.47 188.40 762.09 1,206.65 198.26 314.12 Aug 297.92 1,213.50 187.11 756.69 1,200.37 196.19 311.05 World Less China Jul 90.98 944.47 165.40 539.09 902.65 198.24 109.82 Aug 92.60 936.50 164.11 533.69 896.37 196.17 109.75 United States Jul 35.60 389.15 0.64 143.52 314.59 53.34 57.45 Aug 37.00 383.83 0.64 142.88 313.45 52.07 55.94 Total Foreign Jul 260.69 835.32 187.77 618.57 892.05 144.92 256.67 Aug 260.92 829.67 186.47 613.81 886.92 144.12 255.11 Major Exporters 4/ Jul 13.19 241.10 1.26 94.40 120.70 122.60 12.24 Aug 14.63 241.90 1.26 94.10 120.40 122.60 14.79 Argentina Jul 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Aug 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Brazil Jul 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Aug 8.97 129.00 1.20 63.50 77.50 55.00 6.67 Russia Jul 0.91 16.30 0.05 10.80 11.90 4.20 1.16 Aug 0.91 14.60 0.05 9.50 10.60 4.20 0.76 South Africa Jul 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Aug 1.85 16.80 0.00 7.30 13.30 3.40 1.95 Ukraine Jul 1.39 25.00 0.00 4.50 5.50 19.50 1.39 Aug 1.39 27.50 0.00 4.50 5.50 19.50 3.89 Major Importers 5/ Jul 18.15 129.85 100.85 168.80 225.05 5.91 17.88 Aug 18.20 126.05 99.35 164.70 220.85 5.01 17.74 Egypt Jul 1.50 7.60 8.50 13.70 16.20 0.00 1.40 Aug 1.50 7.60 7.50 12.70 15.20 0.00 1.40 European Union 6/ Jul 7.08 63.40 24.00 61.10 82.10 5.00 7.38 Aug 7.19 59.70 24.00 58.60 79.50 4.10 7.29 Japan Jul 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Aug 1.37 0.01 15.50 12.00 15.50 0.00 1.39 Mexico Jul 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Aug 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Southeast Asia 7/ Jul 3.06 31.26 18.45 40.70 49.00 0.61 3.16 Aug 3.04 31.16 17.95 40.10 48.40 0.61 3.14 South Korea Jul 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Aug 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Selected Other Canada Jul 2.49 15.00 1.80 10.00 15.30 1.80 2.19 Aug 2.19 15.30 2.20 10.10 15.70 1.80 2.19 China Jul 205.32 280.00 23.00 223.00 304.00 0.02 204.30 Aug 205.32 277.00 23.00 223.00 304.00 0.02 201.30 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports an d exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2023 WASDE - 639 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 187.34 513.88 54.42 518.76 56.90 182.46 World Less China 70.84 364.89 48.47 362.40 54.82 69.46 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 185.95 507.80 53.22 514.01 54.25 181.20 Major Exporters 4/ 46.82 197.74 1.76 158.90 43.91 43.51 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.80 7.68 3.43 Vietnam 2.64 26.67 1.70 21.50 7.05 2.46 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks World 3/ 182.46 512.82 53.56 521.50 54.56 173.79 World Less China 69.46 366.88 49.18 366.50 52.82 67.19 United States 1.26 5.09 1.22 4.76 2.03 0.78 Total Foreign 181.20 507.73 52.34 516.73 52.53 173.01 Major Exporters 4/ 43.51 200.50 1.56 161.15 42.95 41.47 Burma 0.98 11.80 0.00 10.25 1.85 0.68 India 34.00 136.00 0.00 113.00 21.00 36.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.43 20.20 0.05 12.80 8.50 2.38 Vietnam 2.46 27.00 1.50 21.50 7.90 1.56 Major Importers 5/ 125.55 238.75 21.76 263.79 2.17 120.09 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.50 3.50 0.40 0.85 Indonesia 2.90 34.00 1.85 35.30 0.00 3.45 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 7.00 0.90 6.90 1.20 0.70 C. Amer & Carib 8/ 0.57 1.50 1.90 3.34 0.05 0.58 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.38 4.00 0.06 1.42 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2023 WASDE - 639 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2023/24 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jul 173.56 520.77 54.15 523.91 56.43 170.42 Aug 173.79 520.94 50.64 522.95 52.99 171.78 World Less China Jul 66.76 371.77 49.15 371.91 54.43 63.62 Aug 67.19 371.94 46.64 370.95 50.99 66.18 United States Jul 0.81 6.38 1.21 4.92 2.54 0.94 Aug 0.78 6.47 1.21 4.92 2.54 0.99 Total Foreign Jul 172.75 514.39 52.94 518.99 53.89 169.48 Aug 173.01 514.48 49.44 518.03 50.45 170.78 Major Exporters 4/ Jul 40.97 202.20 1.76 162.25 44.30 38.38 Aug 41.47 202.20 1.46 163.00 40.80 41.33 Burma Jul 0.68 12.50 0.00 10.30 2.10 0.79 Aug 0.68 12.50 0.00 10.30 2.10 0.79 India Jul 35.00 134.00 0.00 114.00 23.00 32.00 Aug 36.00 134.00 0.00 115.00 19.00 36.00 Pakistan Jul 0.86 9.00 0.01 3.75 4.50 1.61 Aug 0.86 9.00 0.01 3.70 4.90 1.26 Thailand Jul 2.38 19.70 0.05 12.50 7.50 2.13 Aug 2.38 19.70 0.05 12.50 7.50 2.13 Vietnam Jul 2.06 27.00 1.70 21.70 7.20 1.86 Aug 1.56 27.00 1.40 21.50 7.30 1.16 Major Importers 5/ Jul 120.26 242.99 21.40 262.45 2.46 119.74 Aug 120.09 242.95 19.95 262.10 2.46 118.44 China Jul 106.80 149.00 5.00 152.00 2.00 106.80 Aug 106.60 149.00 4.00 152.00 2.00 105.60 European Union 6/ Jul 0.80 1.46 2.65 3.65 0.40 0.86 Aug 0.85 1.43 2.40 3.50 0.40 0.77 Indonesia Jul 3.35 34.45 0.70 35.20 0.00 3.30 Aug 3.45 34.45 0.70 35.20 0.00 3.40 Nigeria Jul 2.00 5.23 2.20 7.60 0.00 1.83 Aug 2.00 5.23 2.20 7.60 0.00 1.83 Philippines Jul 3.50 12.60 3.80 16.50 0.00 3.40 Aug 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Jul 1.39 2.12 4.50 6.65 0.00 1.36 Aug 1.39 2.12 4.50 6.65 0.00 1.36 Selected Other Brazil Jul 0.60 6.80 0.95 6.80 0.90 0.65 Aug 0.70 6.80 0.95 6.80 1.00 0.65 C. Amer & Carib 8/ Jul 0.58 1.52 1.83 3.30 0.04 0.59 Aug 0.58 1.52 1.83 3.30 0.04 0.59 Egypt Jul 0.66 3.78 0.40 4.10 0.01 0.73 Aug 0.66 3.78 0.35 4.10 0.01 0.68 Japan Jul 1.80 7.45 0.69 8.20 0.12 1.61 Aug 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Jul 0.09 0.17 0.85 1.00 0.01 0.10 Aug 0.09 0.17 0.85 1.00 0.01 0.10 South Korea Jul 1.42 3.60 0.42 4.00 0.06 1.39 Aug 1.42 3.60 0.42 4.00 0.06 1.39 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports a nd exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance d ue to differences in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philip pines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. August 2023 WASDE - 639 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2021/22 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World 86.26 115.66 42.62 116.00 43.20 -0.30 85.64 World Less China 48.47 88.86 34.78 82.25 43.08 -0.30 47.07 United States 3.15 17.52 0.01 2.55 14.48 -0.10 3.75 Total Foreign 83.11 98.14 42.62 113.45 28.72 -0.20 81.89 Major Exporters 4/ 32.85 55.44 1.60 34.29 24.45 -0.20 31.35 Central Asia 5/ 3.03 5.12 0.06 4.28 1.50 0.00 2.43 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.44 -0.01 1.13 S. Hemis. 7/ 15.83 19.53 0.19 4.46 12.42 -0.19 18.86 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.95 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks World 85.64 118.29 37.23 110.48 37.05 -0.51 94.13 World Less China 47.07 87.59 31.03 73.48 36.95 -0.51 55.77 United States 3.75 14.47 3/ 2.05 12.80 -0.33 3.70 Total Foreign 81.89 103.82 37.22 108.43 24.25 -0.18 90.43 Major Exporters 4/ 31.35 57.81 2.25 32.17 20.00 -0.19 39.43 Central Asia 5/ 2.43 5.73 0.03 3.84 1.06 0.00 3.29 Afr. Fr. Zone 6/ 1.13 4.02 3/ 0.10 3.92 0.00 1.13 S. Hemis. 7/ 18.86 21.50 0.14 4.28 13.42 -0.19 23.00 Australia 4.96 5.80 3/ 0.01 6.20 -0.19 4.74 Brazil 11.84 13.90 0.01 3.20 6.66 0.00 15.89 India 8.60 26.00 1.75 23.50 1.15 0.00 11.70 Major Importers 8/ 48.11 42.88 32.50 72.47 2.93 0.01 48.09 Mexico 0.37 1.58 0.70 1.75 0.40 0.00 0.50 China 38.56 30.70 6.20 37.00 0.10 0.00 38.36 European Union 9/ 0.30 1.64 0.53 0.55 1.50 0.00 0.42 Turkey 2.77 4.90 4.20 7.50 0.83 0.01 3.53 Pakistan 1.93 3.90 4.40 8.60 0.08 0.00 1.55 Indonesia 0.46 3/ 1.60 1.70 0.02 0.00 0.35 Thailand 0.15 3/ 0.70 0.70 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.80 7.30 0.00 0.00 1.98 Vietnam 1.02 3/ 6.45 6.45 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra -EU trade. August 2023 WASDE - 639 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2023/24 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jul 93.95 116.84 43.49 116.45 43.51 -0.20 94.52 Aug 94.13 114.12 43.88 116.94 43.86 -0.25 91.60 World Less China Jul 54.96 89.84 33.74 79.45 43.41 -0.20 55.88 Aug 55.77 87.12 33.88 79.44 43.76 -0.25 53.83 United States Jul 3.25 16.50 0.01 2.20 13.75 0.01 3.80 Aug 3.70 13.99 0.01 2.15 12.50 -0.05 3.10 filler filler filler filler filler filler filler Total Foreign Jul 90.70 100.34 43.48 114.25 29.76 -0.20 90.72 Aug 90.43 100.12 43.88 114.79 31.36 -0.20 88.50 Major Exporters 4/ Jul 39.01 57.29 2.12 33.75 25.70 -0.20 39.17 Aug 39.43 57.07 2.17 33.71 27.28 -0.20 37.88 Central Asia 5/ Jul 3.22 5.41 0.10 4.27 1.40 0.00 3.05 Aug 3.29 5.19 0.10 4.19 1.38 0.00 3.01 Afr. Fr. Zone 6/ Jul 1.43 5.32 3/ 0.10 5.10 0.00 1.55 Aug 1.13 5.32 3/ 0.10 5.00 0.00 1.36 S. Hemis. 7/ Jul 22.42 20.48 0.17 4.35 16.58 -0.20 22.34 Aug 23.00 20.48 0.17 4.40 18.23 -0.20 21.22 Australia Jul 4.34 5.40 3/ 0.01 5.80 -0.20 4.13 Aug 4.74 5.40 3/ 0.01 5.90 -0.20 4.43 filler filler filler filler filler filler filler Brazil Jul 15.85 13.25 0.02 3.30 9.75 0.00 16.07 Aug 15.89 13.25 0.02 3.30 11.25 0.00 14.61 India Jul 11.60 25.50 1.50 24.50 2.20 0.00 11.90 Aug 11.70 25.50 1.50 24.50 2.20 0.00 12.00 Major Importers 8/ Jul 48.80 39.91 38.96 76.49 2.53 0.00 48.65 Aug 48.09 39.91 39.24 77.00 2.54 0.00 47.70 Mexico Jul 0.65 1.28 1.00 1.95 0.40 0.00 0.57 Aug 0.50 1.28 1.00 1.95 0.40 0.00 0.42 China Jul 38.99 27.00 9.75 37.00 0.10 0.00 38.64 Aug 38.36 27.00 10.00 37.50 0.10 0.00 37.76 European Union 9/ Jul 0.46 1.48 0.57 0.62 1.46 0.00 0.43 Aug 0.42 1.48 0.59 0.61 1.47 0.00 0.41 Turkey Jul 3.61 3.50 4.30 7.90 0.50 0.00 3.01 Aug 3.53 3.50 4.40 8.00 0.50 0.00 2.93 Pakistan Jul 1.50 6.50 4.20 10.00 0.05 0.00 2.15 Aug 1.55 6.50 4.20 10.00 0.05 0.00 2.20 Indonesia Jul 0.35 3/ 2.40 2.30 0.01 0.00 0.45 Aug 0.35 3/ 2.30 2.20 0.01 0.00 0.45 Thailand Jul 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Aug 0.15 3/ 0.74 0.74 0.00 0.00 0.16 Bangladesh Jul 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Aug 1.98 0.16 8.00 8.00 0.00 0.00 2.14 Vietnam Jul 1.03 3/ 7.00 7.00 0.00 0.00 1.03 Aug 1.03 3/ 7.00 7.00 0.00 0.00 1.03 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States , reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzstan, T ajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In additi on to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2023 WASDE - 639 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 100.24 360.15 156.59 314.45 363.96 153.89 99.14 World Less China 69.39 343.75 65.04 226.55 255.56 153.79 68.82 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.25 238.62 156.16 254.47 301.04 95.32 91.67 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.78 116.74 144.65 0.42 33.23 China 30.86 16.40 91.56 87.90 108.39 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.14 369.74 166.43 311.55 363.27 168.95 103.09 World Less China 68.82 349.46 66.43 219.55 249.57 168.83 66.32 United States 7.47 116.38 0.82 60.42 63.69 53.89 7.08 Total Foreign 91.67 253.36 165.62 251.13 299.58 115.07 96.00 Major Exporters 3/ 51.93 190.75 9.46 86.38 96.68 104.48 50.98 Argentina 23.90 25.00 9.20 30.25 36.50 3.90 17.70 Brazil 27.60 156.00 0.15 53.00 56.80 94.00 32.95 Paraguay 0.18 9.05 0.01 3.05 3.18 5.80 0.26 Major Importers 4/ 33.23 23.74 133.01 120.41 149.86 0.39 39.72 China 30.32 20.28 100.00 92.00 113.70 0.13 36.77 European Union 1.68 2.55 13.90 14.70 16.28 0.25 1.61 Southeast Asia 5/ 0.69 0.49 9.21 4.61 9.66 0.02 0.71 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ Jul 102.90 405.31 166.57 330.25 384.51 169.29 120.98 Aug 103.09 402.79 166.25 329.53 383.94 168.77 119.40 World Less China Jul 66.13 384.81 67.57 235.25 266.51 169.19 82.81 Aug 66.32 382.29 67.25 234.53 265.94 168.67 81.23 United States Jul 6.95 117.03 0.54 62.60 66.01 50.35 8.16 Aug 7.08 114.45 0.82 62.60 66.01 49.67 6.67 Total Foreign Jul 95.95 288.28 166.03 267.66 318.50 118.94 112.83 Aug 96.00 288.33 165.43 266.94 317.93 119.11 112.73 Major Exporters 3/ Jul 50.90 223.90 6.18 95.60 106.54 109.40 65.04 Aug 50.98 223.90 6.18 95.60 106.54 109.50 65.03 Argentina Jul 17.55 48.00 5.70 36.25 42.95 4.60 23.70 Aug 17.70 48.00 5.70 36.25 42.95 4.60 23.85 Brazil Jul 33.05 163.00 0.45 55.75 59.70 96.50 40.30 Aug 32.95 163.00 0.45 55.75 59.70 96.50 40.20 Paraguay Jul 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Aug 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Major Importers 4/ Jul 39.72 24.68 133.09 124.41 155.38 0.42 41.69 Aug 39.72 24.48 133.19 124.41 155.38 0.42 41.59 China Jul 36.77 20.50 99.00 95.00 118.00 0.10 38.17 Aug 36.77 20.50 99.00 95.00 118.00 0.10 38.17 European Union Jul 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Aug 1.61 3.02 14.10 15.15 16.74 0.30 1.68 Southeast Asia 5/ Jul 0.71 0.47 10.24 5.16 10.41 0.02 1.00 Aug 0.71 0.47 10.24 5.16 10.41 0.02 1.00 Mexico Jul 0.33 0.24 6.40 6.50 6.56 0.00 0.41 Aug 0.33 0.24 6.40 6.50 6.56 0.00 0.41 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and impo rts. Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2023 WASDE - 639 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 15.33 246.70 67.18 244.50 68.84 15.86 World Less China 15.33 177.08 67.12 175.31 68.35 15.86 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.02 199.69 66.58 209.16 56.56 15.58 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 15.86 244.84 63.26 245.21 66.48 12.28 World Less China 15.86 171.98 63.22 173.11 65.68 12.28 United States 0.28 47.69 0.57 35.34 12.88 0.32 Total Foreign 15.58 197.16 62.69 209.88 53.60 11.96 Major Exporters 3/ 6.84 72.83 0.14 29.99 44.50 5.32 Argentina 2.80 23.60 0.08 3.35 21.20 1.92 Brazil 3.62 41.07 0.02 20.00 21.50 3.21 India 0.42 8.16 0.05 6.64 1.80 0.19 Major Importers 4/ 2.34 22.31 37.07 58.91 1.01 1.78 European Union 0.60 11.61 16.00 27.04 0.70 0.47 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.60 17.65 21.39 0.30 1.09 China 0.00 72.86 0.04 72.10 0.80 0.00 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jul 12.14 259.23 67.04 254.19 70.07 14.14 Aug 12.28 258.66 67.21 253.60 70.27 14.28 World Less China Jul 12.14 183.99 66.99 179.40 69.57 14.14 Aug 12.28 183.42 67.16 178.81 69.77 14.28 United States Jul 0.32 49.15 0.59 36.27 13.43 0.36 Aug 0.32 49.15 0.54 36.04 13.61 0.36 Total Foreign Jul 11.82 210.08 66.45 217.92 56.65 13.77 Aug 11.96 209.51 66.67 217.56 56.66 13.92 Major Exporters 3/ Jul 5.13 79.40 0.12 31.22 47.40 6.03 Aug 5.32 79.40 0.12 31.22 47.40 6.22 Argentina Jul 1.72 28.28 0.01 3.45 24.50 2.06 Aug 1.92 28.28 0.01 3.45 24.50 2.25 Brazil Jul 3.21 43.21 0.01 20.70 22.00 3.73 Aug 3.21 43.21 0.01 20.70 22.00 3.73 India Jul 0.19 7.92 0.10 7.07 0.90 0.24 Aug 0.19 7.92 0.10 7.07 0.90 0.24 Major Importers 4/ Jul 1.76 23.08 37.88 59.83 1.02 1.88 Aug 1.78 23.08 37.90 59.87 1.02 1.88 European Union Jul 0.47 11.97 15.75 26.99 0.70 0.49 Aug 0.47 11.97 15.75 26.99 0.70 0.49 Mexico Jul 0.18 5.14 2.00 7.10 0.02 0.20 Aug 0.18 5.14 2.00 7.10 0.02 0.20 Southeast Asia 5/ Jul 1.07 4.02 18.53 22.19 0.31 1.12 Aug 1.09 4.02 18.55 22.23 0.31 1.12 China Jul 0.00 75.24 0.05 74.79 0.50 0.00 Aug 0.00 75.24 0.05 74.79 0.50 0.00 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysi a, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. August 2023 WASDE - 639 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2021/22 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 5.42 59.26 11.54 59.24 12.26 4.72 World Less China 4.38 43.51 11.25 42.54 12.14 4.46 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.45 47.40 11.40 47.98 11.45 3.82 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 4.72 58.67 10.49 57.63 11.32 4.93 World Less China 4.46 42.18 9.84 41.53 11.17 3.78 United States 0.90 11.91 0.17 11.95 0.18 0.85 Total Foreign 3.82 46.76 10.32 45.68 11.14 4.07 Major Exporters 3/ 1.49 19.56 0.53 12.19 8.24 1.15 Argentina 0.52 5.98 0.00 2.03 4.15 0.33 Brazil 0.41 10.21 0.08 7.78 2.60 0.31 European Union 0.55 2.79 0.45 2.33 0.98 0.49 Major Importers 4/ 0.78 19.45 6.14 24.44 0.22 1.72 China 0.26 16.49 0.65 16.10 0.15 1.15 India 0.19 1.84 3.55 5.23 0.02 0.33 North Africa 5/ 0.31 0.86 1.26 2.19 0.05 0.19 2023/24 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jul 4.72 62.07 10.68 60.56 11.62 5.29 Aug 4.93 61.96 10.70 60.59 11.61 5.40 World Less China Jul 3.86 45.05 10.28 43.46 11.52 4.21 Aug 3.78 44.94 10.30 43.39 11.51 4.12 United States Jul 0.88 12.26 0.17 12.27 0.20 0.83 Aug 0.85 12.26 0.17 12.27 0.18 0.83 Total Foreign Jul 3.84 49.81 10.51 48.29 11.42 4.46 Aug 4.07 49.70 10.53 48.32 11.43 4.57 Major Exporters 3/ Jul 1.19 21.44 0.43 13.41 8.44 1.20 Aug 1.15 21.44 0.43 13.41 8.44 1.16 Argentina Jul 0.36 7.16 0.00 2.55 4.55 0.42 Aug 0.33 7.16 0.00 2.55 4.55 0.38 Brazil Jul 0.31 10.73 0.03 8.53 2.20 0.35 Aug 0.31 10.73 0.03 8.53 2.20 0.35 European Union Jul 0.49 2.88 0.40 2.27 1.10 0.41 Aug 0.49 2.88 0.40 2.27 1.10 0.41 Major Importers 4/ Jul 1.43 20.18 5.85 25.51 0.18 1.76 Aug 1.72 20.11 5.88 25.58 0.18 1.94 China Jul 0.86 17.02 0.40 17.10 0.10 1.08 Aug 1.15 17.02 0.40 17.20 0.10 1.27 India Jul 0.33 1.78 3.20 4.98 0.02 0.31 Aug 0.33 1.78 3.30 5.05 0.02 0.34 North Africa 5/ Jul 0.19 0.97 1.45 2.32 0.05 0.24 Aug 0.19 0.97 1.45 2.32 0.05 0.24 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, a nd Tunisia. Totals may not add due to rounding. August 2023 WASDE - 639 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2022 III 7,144 6,534 13,723 11,896 1,264 13,312 27,035 2,259 56.4 IV 7,052 6,919 14,017 11,861 1,310 13,310 27,327 2,277 55.9 Annual 28,291 26,996 55,471 46,206 5,222 51,997 107,469 9,074 226.5 2023 I 6,821 7,071 13,937 11,549 1,348 13,039 26,976 2,209 56.9 II 6,710 6,593 13,348 11,527 1,410 13,085 26,433 2,290 58.0 III* 6,705 6,480 13,229 12,000 1,400 13,550 26,779 2,340 56.7 IV* 6,745 7,120 13,910 11,900 1,420 13,450 27,360 2,400 56.3 Annual Jul Proj. 27,161 27,371 54,712 47,099 5,453 53,114 107,826 9,284 228.4 Aug Proj. 26,981 27,264 54,424 46,976 5,578 53,124 107,548 9,239 227.9 2024 I* 6,335 6,895 13,275 11,710 1,400 13,250 26,525 2,355 57.7 II* 6,315 6,520 12,880 11,710 1,400 13,250 26,130 2,380 58.6 Annual Jul Proj. 24,700 27,335 52,215 47,820 5,640 54,015 106,230 9,615 230.6 Aug Proj. 25,165 27,335 52,678 47,470 5,650 53,675 106,353 9,525 230.5 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 158.9 135.8 19.30 III* 184.00 74.00 110.0 135.0 130.0 18.45 IV* 190.00 63.00 115.0 145.0 145.0 20.10 Annual Jul Proj. 175.3 57.9 128.4 163.7 181.7 19.55 Aug Proj. 178.5 62.2 122.2 152.4 181.7 19.95 2024 I* 188.00 63.00 120.0 152.0 155.0 20.20 II* 186.00 68.00 125.0 153.0 130.0 19.00 Annual Jul Proj. 184 65 129 164 144 19.10 Aug Proj. 186 65 121 154 144 19.35 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices rece ived by farmers for all milk. August 2023 WASDE - 639 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Imports Total Supply Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Pounds /4 Beef 2022 676 28,359 3,390 32,425 3,544 723 28,157 59.1 2023 Proj. Jul 723 27,229 3,521 31,473 3,214 645 27,614 57.6 Aug 723 27,049 3,512 31,285 3,214 640 27,431 57.3 2024 Proj. Jul 645 24,768 3,560 28,973 2,950 640 25,383 52.7 Aug 640 25,233 3,560 29,433 2,970 640 25,823 53.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2022 446 27,011 1,344 28,800 6,345 504 21,951 51.1 2023 Proj. Jul 504 27,386 1,074 28,964 6,913 510 21,541 49.8 Aug 504 27,279 1,080 28,863 6,926 490 21,448 49.6 2024 Proj. Jul 510 27,350 1,155 29,015 6,980 495 21,540 49.6 Aug 490 27,350 1,155 28,995 6,980 485 21,530 49.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Red Meat 5/ 2022 1,147 55,564 5,092 61,804 9,895 1,256 50,653 111.6 2023 Proj. Jul 1,256 54,806 4,914 60,975 10,133 1,187 49,655 108.8 Aug 1,256 54,517 4,898 60,670 10,144 1,162 49,365 108.2 2024 Proj. Jul 1,187 52,308 5,085 58,579 9,936 1,162 47,482 103.7 Aug 1,162 52,771 5,085 59,017 9,956 1,152 47,910 104.6 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2022 705 45,711 176 46,593 7,290 892 38,411 98.9 2023 Proj. Jul 892 46,595 85 47,572 7,383 870 39,320 100.7 Aug 892 46,473 115 47,480 7,293 880 39,308 100.7 2024 Proj. Jul 870 47,308 84 48,262 7,570 900 39,792 101.3 Aug 880 46,962 130 47,972 7,515 900 39,557 100.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2022 166 5,222 85 5,473 407 190 4,877 14.6 2023 Proj. Jul 190 5,453 50 5,693 410 200 5,083 15.2 Aug 190 5,578 50 5,817 435 200 5,183 15.5 2024 Proj. Jul 200 5,640 85 5,925 435 200 5,290 15.7 Aug 200 5,650 85 5,935 455 200 5,280 15.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2022 874 51,502 268 52,645 7,716 1,087 43,841 115.2 2023 Proj. Jul 1,087 52,610 138 53,835 7,813 1,075 44,946 117.5 Aug 1,087 52,621 167 53,875 7,747 1,085 45,043 117.8 2024 Proj. Jul 1,075 53,503 175 54,753 8,021 1,105 45,627 118.6 Aug 1,085 53,166 221 54,472 7,986 1,105 45,381 118.0 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2022 2,021 107,067 5,361 114,449 17,611 2,343 94,494 226.8 2023 Proj. Jul 2,343 107,415 5,051 114,809 17,946 2,262 94,602 226.3 Aug 2,343 107,138 5,065 114,546 17,892 2,247 94,408 226.0 2024 Proj. Jul 2,262 105,811 5,260 113,332 17,957 2,267 93,108 222.3 Aug 2,247 105,937 5,306 113,490 17,942 2,257 93,292 222.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready- to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2023 WASDE - 639 - 33 U.S. Egg Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 24.5 19.1 18.8 18.8 22.5 20.0 Production 9,297.9 9,073.8 9,284.1 9,238.9 9,615.0 9,525.0 Imports 18.2 26.0 29.6 27.1 19.0 19.0 Total Supply 9,340.6 9,118.9 9,332.5 9,284.7 9,656.5 9,564.0 Use Exports 392.1 226.5 285.3 277.2 265.0 265.0 Hatching Use 1,103.9 1,116.4 1,126.4 1,128.3 1,145.0 1,145.0 Ending Stocks 19.1 18.8 22.5 20.0 19.5 19.5 Disappearance Total 7,825.4 7,757.2 7,898.3 7,859.3 8,227.0 8,134.5 Per Capita (number) 282.5 279.0 282.6 281.2 292.7 289.4 Total U.S. Milk Supply and Use Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 226.3 226.5 228.4 227.9 230.6 230.5 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beginning Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 227.4 226.9 229.6 229.5 Imports 6.5 7.1 7.8 7.5 7.6 7.5 Total Supply 247.4 246.9 249.6 248.8 251.8 251.6 Fat Basis Use Exports 11.5 13.4 11.6 11.1 12.6 12.4 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.6 219.1 223.4 223.1 224.6 224.6 Skim -solid Basis Supply Beginning Stocks 10.9 11.1 11.7 11.7 12.0 12.0 Marketings 225.3 225.5 227.4 226.9 229.6 229.5 Imports 5.8 6.7 6.5 6.5 6.9 6.8 Total Supply 241.9 243.3 245.6 245.1 248.5 248.3 Skim -solid Basis Use Exports 50.6 52.9 50.9 50.5 53.8 53.3 Ending Stocks 11.1 11.7 12.0 12.0 12.1 12.1 Domestic Use 180.2 178.7 182.6 182.6 182.7 182.9 Total Dairy domestic use for 2020 includes additional milk marketed but not processed. Note: Totals may not add due to rounding. August 2023 WASDE - 639 - 34 U.S. Dairy Prices Commodity 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Per Pound Cheese 1.6755 2.1122 1.675 1.775 1.690 1.755 Butter 1.7325 2.8665 2.435 2.495 2.345 2.430 Nonfat Dry Milk 1.2693 1.6851 1.170 1.175 1.125 1.125 Dry Whey 0.5744 0.6057 0.350 0.325 0.315 0.305 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 17.08 21.96 16.05 16.90 15.95 16.55 Class IV 16.09 24.47 18.20 18.50 17.45 17.80 All Milk 3/ 18.53 25.34 19.55 19.95 19.10 19.35 All prices are January -December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. August 2023 WASDE - 639 - 35 Reliability of August Projections 1/ Note: Tables on pages 35 -37 present a record of the August projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below t he final estimate by more than 2.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 3.7 percent. The average difference between the August projection and the final estimate is 10.4 million tons, ranging from 0.2 million to 32.1 million tons. The August projection has been below the estimate 29 times and above 13 times. Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 2.2 3.7 10.4 0.2 32.1 29 13 U.S. 2.6 4.4 1.1 0.0 4.2 16 26 Foreign 2.5 4.1 10.3 0.6 31.1 29 13 Exports World 5.7 9.6 6.3 0.4 19.1 32 10 U.S. 10.7 18.1 2.5 0.0 10.0 18 23 Foreign 7.1 11.9 6.2 0.3 20.5 31 11 Domestic Use World 1.9 3.2 8.4 0.2 34.8 23 19 U.S. 7.3 12.3 1.9 0.0 5.5 14 28 Foreign 1.9 3.2 8.2 0.2 34.6 26 16 Ending Stocks World 8.9 15.0 11.1 0.3 31.2 32 10 U.S. 14.8 24.9 2.8 0.5 12.6 26 16 Foreign 9.5 16.1 9.6 0.1 28.7 32 10 COARSE GRAINS 2/ Production World 2.4 4.0 19.0 0.4 53.7 31 11 U.S. 6.0 10.1 10.2 0.0 31.4 25 17 Foreign 2.4 4.1 14.6 0.7 58.4 28 14 Exports World 6.9 11.7 6.9 0.1 23.8 29 13 U.S. 21.7 36.6 7.8 0.4 22.0 18 24 Foreign 13.7 23.1 7.6 1.4 19.9 28 14 Domestic Use World 1.6 2.7 12.9 0.2 36.8 23 19 U.S. 4.0 6.8 6.8 0.2 17.0 23 19 Foreign 1.8 3.0 11.4 1.1 39.2 26 16 Ending Stocks World 15.9 26.8 21.4 0.1 171.8 32 10 U.S. 35.3 59.4 10.4 0.3 43.5 22 20 Foreign 16.4 27.6 15.2 0.2 154.8 33 9 RICE, milled Production World 2.2 3.7 6.3 0.1 24.4 28 14 U.S. 5.6 9.5 0.3 0.0 0.7 21 21 Foreign 2.3 3.8 6.3 0.4 24.7 29 13 Exports World 9.2 15.4 1.9 0.0 6.9 30 12 U.S. 11.9 20.0 0.2 0.0 1.0 19 21 Foreign 10.2 17.1 1.9 0.1 6.8 29 13 Domestic Use World 1.8 3.0 4.3 0.1 23.5 32 10 U.S. 8.2 13.7 0.2 0.0 0.5 20 22 Foreign 1.8 3.1 4.3 0.0 24.0 31 11 Ending Stocks World 12.0 20.2 6.6 0.1 27.3 32 10 U.S. 29.9 50.3 0.2 0.0 1.0 25 16 Foreign 12.9 21.8 6.6 0.1 27.1 32 10 1/ Footnotes at end of table. CONTINUED August 2023 WASDE - 639 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.1 8.2 0.3 30.9 22 20 U.S. 6.0 10.1 3.5 0.0 11.1 22 19 Foreign 7.6 12.9 7.4 1.1 33.5 20 22 Exports World 7.0 11.8 3.6 0.0 18.2 26 15 U.S. 12.1 20.4 3.1 0.0 9.8 24 17 Foreign 18.9 31.9 3.5 0.0 21.3 21 21 Domestic Use World 3.5 5.9 5.3 0.0 15.9 25 17 U.S. 4.8 8.2 1.7 0.0 4.6 25 17 Foreign 4.0 6.8 4.9 0.6 15.4 24 18 Ending Stocks World 16.1 27.1 4.7 0.1 23.5 21 21 U.S. 69.7 117.4 2.9 0.3 12.9 15 27 Foreign 18.2 30.7 4.6 0.2 21.3 25 17 COTTON Million 480 -Pound Bales Production World 4.9 8.2 3.4 0.0 13.2 22 19 U.S. 8.6 14.4 1.1 0.0 3.9 21 20 Foreign 5.2 8.8 2.9 0.0 10.9 21 20 Exports World 10.0 16.9 2.6 0.1 10.2 19 23 U.S. 20.8 35.0 1.2 0.0 3.2 22 20 Foreign 13.2 22.3 2.0 0.1 8.5 21 21 Domestic Use World 5.2 8.7 3.7 0.3 20.7 16 26 U.S. 10.0 16.8 0.4 0.0 1.3 19 20 Foreign 5.2 8.8 3.6 0.3 20.1 17 25 Ending Stocks World 14.8 24.9 6.0 0.2 18.5 28 14 U.S. 44.6 75.1 1.4 0.0 5.1 16 25 Foreign 14.9 25.0 5.3 0.1 18.6 30 12 1/ Marketing years 1981/82 through 2022/23 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2021/22, and for 2022/23 the last mon th’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2023 WASDE - 639 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 6.4 10.8 381 1 1,096 24 18 Exports 22.3 37.6 281 12 750 18 24 Domestic Use 4.4 7.4 273 10 590 25 17 Ending Stocks 40.2 67.7 385 12 1,674 21 21 SORGHUM Production 11.2 18.8 33 1 108 22 20 Exports 40.4 68.0 46 1 160 20 22 Domestic Use 27.8 46.8 43 0 130 20 20 Ending Stocks 56.5 95.2 35 1 201 17 25 BARLEY Production 6.3 10.6 15 1 67 16 26 Exports 74.8 125.9 12 0 82 19 19 Domestic Use 10.3 17.4 23 0 82 15 26 Ending Stocks 19.2 32.4 20 0 94 19 22 OATS Production 9.7 16.4 13 0 57 8 33 Exports 92.3 155.5 1 0 8 10 12 Domestic Use 7.0 11.8 14 1 39 11 31 Ending Stocks 23.0 38.8 14 0 40 19 22 SOYBEAN MEAL Thousand Short Tons Production 4.8 8.1 1,274 32 3,669 28 14 Exports 15.2 25.6 904 0 3,500 25 16 Domestic Use 3.9 6.6 781 0 3,800 25 16 Ending Stocks 41.8 70.4 55 0 428 13 17 SOYBEAN OIL Million Pounds Production 4.8 8.1 624 11 2,290 28 14 Exports 50.6 85.3 432 0 1,575 19 20 Domestic Use 4.2 7.1 507 8 2,200 27 15 Ending Stocks 32.0 53.8 457 0 1,472 23 18 ANIMAL PROD. Million Pounds Beef 4.0 6.7 801 110 2,536 28 13 Pork 2.9 5.0 406 10 1,375 23 18 Broilers 2.2 3.7 577 5 1,424 22 19 Turkeys 3.8 6.5 153 2 458 21 20 Million Dozen Eggs 2.0 3.3 120 4 420 25 16 Billion Pounds Milk 1.7 2.8 2.2 0.1 7.0 22 19 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2022/23 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate followin g the marketing year for 1981/82 through 2022/23. Calendar years 1982 through 2022 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982 -2022. WASDE- 639-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies . In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultu ral Service . For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural Service . IPAD is locate d at https://ipad.fas.usda.gov/ . Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE -related notifications b y email Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at [email protected] World Agricultural Supply and Demand Estimates WASDE -639 – August 11, 2023 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C . 20250- 9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

O C W W m M H l m m p G p f 2 u r p u C i i a 2 c c e a h f f t p G m c r V ISSN: 1554-9 Office of the Chief Econo m WASDE - 5 5 WHEAT: P million on a Milling Pro d Hard Red W owered 1 0 million bus million-bu s price is un c Global wh e production for Ukrain e 2016/17 e x unfavorabl e raised 0.8 partially of f use, endin g COARSE G ncreased f s forecast acre incre a 2015/16 is concomita n corn used f ethanol F S available a http://www faster than for the sea to $3.00 to prices. Global coa million. T h consumpti o revisions a Vietnam. C 089 mist 59 Projected 2 a reductio n ducts repo Winter (H R 0 million, a n hels with 5 hel decre a changed. eat supplie increase a e on expec xports are l e precipit a million ton s fset by red g stocks a r GRAINS: food, seed at 15.226 ase in yiel d raised thi s nt reductio for ethano l SI is raised t the Econ .ers.usda. g use, corn son-avera g $3.60 pe r rse grain p his month’ s on, increa s re made t o Corn prod u W an Agri Farm Approve d 2016/17 U. n in food u s ort and exp RW) use is nd Durum 5-million-b u ases for b o s for 2016 / and higher tations of l lowered 0. tion at ha r s led by in c uced food re raised 0 This mont and indu s billion bus d to 175.3 b s month b a ns are ma d l is project e 60 million omic Res e gov/data-p ending st o ge corn pr i bushel, b a production s 2016/17 f sed trade, a o several c uction is ra World nd D icultural Ma r m Service A g d by the Wo r S. ending se. The f o ectations f raised 10 is lowered ushel incr e oth Soft R e /17 are rai beginnin g ower food 5 million t o rvest dam a creases in use in Uk r 0.9 million t h’s 2016/1 strial (FSI) hels, up 1 6 bushels p e ased on up de in feed ed 25 milli o bushels. A earch Ser v roducts/fe e ocks are r a ice receiv e ased on hi g for 2016/1 foreign co a and lower countries t h ised for U kd Agr ema rketing Ser v gency rld Agricultu stocks ar e od use ch a for the re m million bu s 5 million. eases for b d Winter a sed 1.7 m i g stocks. T use more ons prima r aged crop q feed use f raine. As g tons and r e 7 U.S. co r use and s l 68 million f er acre. N o dated usa g and resid u on bushel s A detailed vice Feed G ed-grains- d aised 83 m ed by prod u gher-than - 7 is forec a arse grain o stocks rel a his month, kraine, ba sricult nd E vice ral Outlook e raised 5 m ange refle c mainder of t shels, Har d Total exp o oth HRW a and Durum illion tons o The larges t than offs e rily on red u quality. Gl for Ukrain e global sup p emain rec o rn outlook i lightly hig h from last m on-ethanol ge estima t ual use for s higher fr o breakout o Grains Dat a database. a illion bush ucers is ra -expected o ast 4.9 mill outlook is f ative to la s including E sed on ne atural Estim Economi c Foreign A Board million bus cts the lat e the marke t d Red Spr i orts are u n and HRS o . The sea on a 0.3- m t beginnin g etting high e uced Cana d obal use f o e, Canada , plies are ri ord large. is for larg e her prices. month on a FSI from 2 tes. With s those ye a om last m o of the cor n abase: aspx. Wit h els. The p aised 5 ce n observed e ion tons h i for greate r st month. H Egypt, Tu n ar-record ySup mates c Research S Agricultural S Novembe hels to 1,1 est NASS F t year. By ing (HRS) nchanged a offsetting 5 son-avera g million-ton g stocks c h er feeding. dian expo r or 2016/1 7 , and Rus s sing faste r er producti o Corn pro d 1.9-bush e 2013/14 t o stocks kno ars. For 2 0 onth, while n FSI esti m h supply ri s projected r a nts on both early-seas o igher to 1, 3 r productio Historical nisia, and ields repo rply s Service Service r 9, 2016 43 Flour class, is at 975 5- ge farm hange is Global rts as 7 is sia but r than on, duction el per o wn, 016/17, non- mates is sing ange ends on 319.7 n and rted by WASDE-559-2 the government through early November. Ru ssia corn production is higher this month with a projected record yield, based on harvest re sults to date. Partly offsetting are corn production reductions for Vietnam and Bolivia. Corn exports are projected higher for Ukra ine and Russia. Notable month-to-month increases in corn imports are forecast for Iran and Saudi Arabi a. Partly offsetting are reductions in imports for Indonesia and South Korea. Policy restrictions are expected to limit corn imports by Indonesi a, while South Korea’s corn pur chase pace has moderated. Foreign corn ending stocks for 2016/17 are lowered 0.7 m illion tons, with the largest stock declines projected for Vietnam and Indo nesia, partly offset by increases expected for Ukraine and Russia. RICE: The 2016/17 U.S. rice crop is reduced 1.2 million cw t to 234.8 million on lower yields. Ending stocks are lo wered by the same amount. Th e average yield forecast is reduced 39 pounds per acre to 7,493. Arkansas and Miss ouri were the only states to have reductions. The long-gra in crop is reduced 0.9 million cwt to 176.1 million but still the largest since the 2010/11 record. Medi um- and short-grain production is down 0.3 million cwt to 58.7 million. Total exports are unchanged, but rough ex ports are raised 1.0 million cwt, which is offset by a 1.0-million-cwt reduction in milled exports. The all rice marketing year average price received by producers is lowered $0.10 per cwt at the midpoint to a range of $10.10 to $11.10 on lower Southe rn medium-grain prices. Global rice supplies for 2016/17 are raised 1. 3 million tons on a 0. 5-million-ton increase in production and higher be ginning stocks. The increase d beginning stocks are largely on reduced 2015/16 Indian domestic use. Tr ade for 2016/17 is cu t 0.2 million tons and domestic use is up 0.2 million to ns. With supplies rising fa ster than total use, world ending stocks are raised 1.0 million tons. OILSEEDS: U.S. oilseed prod uction for 2016/ 17 is projected at 12 8.7 million metric tons, up 2.5 million from last month on increa sed soybean and cotton seed production. Soybean production is forecast at 4,361 million bushels, up 92 million on higher yields. The soybean yield is projected at a record 52 .5 bushels per acre, up 1.1 bushels mainly on production gains for Minnesota, North Dakota, and Kansas. Despite increased supplies, soybean crush is reduced 20 millio n bushels to 1,930 m illion mostly due to reduced soybean meal export pr ospects. Sales are lagging year-earlier levels to several markets including Mexico, Canada, Thailand , and the EU. Domestic soybean meal consumption is reduced slightly, in line wit h changes in the 2015/ 16 balance sheet. Soybean exports are projected at 2,050 million bushels, up 25 million with increased supplies. Soybean ending stoc ks are projected at 4 80 million bushels, up 85 million from the previous forecast. Soybean and product pr ice forecasts for 2016/17 are ra ised this month. The U.S. season-average soybean price range is proj ected at $8.45 to $9 .95 per bushel, up 15 cents on both ends of the range reflecting reported early-season producer prices. Soybean meal prices are projec ted at $305 to $345 per short t on, up $5.00 on both ends. Soybean oil prices are projecte d at 32.5 to 35.5 cents per pound, up 2 cents on both ends. WASDE-559-3 Global oilseed production fo r 2016/17 is projec ted at 551.2 million tons, up 3. 1 million from last month led by hig her soybean production. Glo bal soybean production is projected at 336.1 million tons , up 2.9 million with larger crops in the United States, Russia, and Mexico. Smaller global producti on increases in cott onseed, peanuts, and rapeseed are partly offset by a reduction in sunflowerseed. Global cottonseed production is raised 0.3 million t ons to 39.1 million with increased production in In dia partly offset by a reduction for Argentina. Gl obal rapeseed and peanu t production are ra ised to 67.8 and 41.8 million tons, res pectively, on increased pr oduction projected fo r China. Global sunflowerseed production is re duced 0.3 million tons to 43.7 million on lower forecasts for Bolivia and the EU. Global oilseed trade for 2016/1 7 is projected at 15 9.7 million tons, up 0. 5 million from last month. Increased soybean exports from the United States, Russia, and Ukraine and increased rapeseed exports fr om the EU account for most of the increase. Global oilseed ending stocks are projec ted at 92.9 million tons, up 4. 7 million from last month. Soybean stocks account for most of the change with in creases for the United States, China, and Argentina. SUGAR: The projection of beet sugar produc tion from the 2016 sugarbeet crop is decreased slightly as reductions of area ha rvested and recovery of fset an increase in sugarbeet yield. Fiscal year 2016/17 beet sugar production is further decreased by 94,649 short tons, raw value (S TRV) because of earlier-than-forecast harvesting taking place in September, consequently increasing the 2015/16 beet suga r production total by that same amount. C ane sugar production fo r 2016/17 is increase d by 1,121 STRV as an increase in Florida is almost offset by a reduction in Loui siana. Cane sugar production for 2015/16 decrea sed by 13,136 STRV based on the complete fiscal year Sweetener Market Data (SMD). Imports for 2015/16 are reduced by 23,330 ST RV. Imports from Mexico as reported by the U.S. Census Bureau accounted for 22,80 7 STRV of the decrease. However, USDA assesses that imports from Mexico totaling 12,476 STRV did ent er under the 2015/16 Mexico Export Limit but were recorded by Census in the first week of October. Therefore, this amount is reflected as an addition to projected imports from Mexico for 2016/17. Deliveries for human consumption for 2015/16 are reduced by 45,296 STRV to 11.905 million. Almost all of the decrease is attri butable to revisions to beet sugar deliveries data previously submitted for the 11 months prior to September. Deliveries for human consumption in 20 16/17 are reduced by 50, 000 STRV to 12.000 milli on in line with the downward adjustment for 2015/16. Ending stocks for 2015/1 6 reported in SMD are 2.055 million STRV and ending stocks for 2016/17 are projected residually at 1.897 million STRV, implying ending stocks-to-use ratios of 17.0 percent for 2015/ 16 and 15.6 percent for 2016/17. The 2015/16 Mexico sugar s upply and use balance is re vised with final year data reported by CONADESUCA, except for exports to the United States th at are set to equal WASDE-559-4 U.S. reporting of sugar imports from Mexico . Projected Mexico sweetener consumption for 2016/17 assumes high fruc tose corn syrup consumption at 1.482 million metric tons (MT), the same as 2015/16, and sugar deliveries for human co nsumption at 4.454 million. Exports to the United States for 2016/17 are incr eased by 10,677 MT corresponding to the October entry of th e 2015/16 Export Limit amount. Th e ending stock total for 2016/17 is forecast at 1.238 million MT, an amount projected to meet s ugar supply requirements of domestic consumption and exports to the U.S. market for the first three months of the following marketing year. Exports for 2016/17 to non-U.S. destinations are projected residually at 454,111 MT. LIVESTOCK, POULTRY, AND DAIRY: The 2016 forecast of total red meat and poultry production is increased from la st month as higher fourth quarter beef and pork production forecasts more than offset reduct ions in broiler and turkey pr oduction. Beef production is increased on the pace of slaughter and heavie r carcass weights. Pork production for 2016 is raised based on the current rate of slaughter. Broiler production is lowered based on September slaughter da ta. Turkey production is reduced based on the pace of slaughter. For 2017, higher forecast beef production more than offsets lower pork and broiler production. Turkey production is un changed. The increase in beef production reflects slaughter of cattle plac ed in late-2016 and early-2017 as well as slightly higher carcass weights. Pork production is lowe red on slower expected gains in carcass weights. Broiler production for 2017 is lowered from last month on slower second-half growth. Table egg production is slig htly reduced for bo th 2016 and 2017. The beef import forecast in 2016 is lower ed due to expected tight ness in supplies from Oceania. Beef exports are expected to dec line modestly in 2016 ba sed on recent trade data. Beef imports and exports are unchange d for 2017. U.S. pork imports for 2016 and 2017 were lowered as increases in domest ic pork production and lower prices are expected to limit demand for imports. Pork ex ports in 2016 are lowered from last month on recent trade data. Exports are raised in 2017 on lower hog prices which are expected to make U.S. product more competitive. Broi ler exports are raised for 2016 and 2017 on strong demand in a numbe r of countries. Cattle prices are forecast lower for the rema inder of 2016 and for 2017. Large supplies of fed cattle are currently weighing on prices and are expected to ca rry into next year. Hog prices are lowered for 2016 and early 2017 on supply pressure. However late-2017 prices are expected to reflect demand from new slaughter facilities. Broiler prices are lowered for 2016 and 2017 as supplies of broilers an d competing meats pressure the markets. Milk production forecasts fo r 2016 and 2017 are lowered from last month as recent data indicated that the U.S. cow inventory increas ed less rapidly than previously expected. However, output per cow is rais ed from last month. The ski m-solids basis import forecast for 2016 is lowered, reflecting recent trade data, but the 2017 fa t and skim-solid basis forecasts are unchanged. Fat basis exports are lowered for 2016 and 2017 on slower sales of cheese and whole milk powder. On a skim-solids basis, exports for 2016 are forecast lower on weaker sales of milk pr otein concentrates and whey, but are unchanged for 2017. WASDE-559-5 Cheese and whey price forecast s for 2016 are raised on cu rrent price strength. The forecasts for butter and nonfat dry milk (NDM) are lowered as supplies remain large. For 2017, large supplies of butter are expected to continue to pressure pr ices, but prices of cheese, whey and NDM are expecte d to strengthen. The Class I II price forecast is raised for both 2016 and 20 17 on higher cheese and whey prices. Howeve r, lower butter prices are expected to more th an offset higher NDM prices and Class IV prices for both years are lowered from last month. All milk prices are forecast higher at $16.00 to $16.10 per cwt for 2016 and $16.30 to $17.20 per cwt for 2017. COTTON: This month’s 2016/17 U.S. cotton estima tes include slightly higher production and ending stocks, as a larger Texas crop is partially offset by decreases for the Southeast. Domestic mill us e and exports are un changed. U.S. e nding stocks are now estimated at 4.5 million bales, equivalent to 29 percent of total disappearance. The forecast range for the marketi ng year average price received by producers of 63.0 to 71.0 cents per pound is raised on bo th ends. The midpoint of 67 cents per pound- 6 cents above the revised 2015/16 average price of 61.2 cents- reflects activity to date. The world 2016/17 cotton estimates show larger production and ending stocks, due mainly to a 500,000-bale incr ease for the India crop. Fo recast world consumption is virtually unchanged. World tr ade is raised slightly on a hi gher India export forecast. World stocks are now projected at 88.3 million bales. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE N D E INTE Note: The W Demand Est i Estimates C o Wheat: Jennife r Rice: W Nathan Feed G r Tom C a Oilsee d Mark A s Cotton:Darryl E Sugar: Michael Meat A n Sherry W Poultry Larry H a Dairy: S Carolyn In 2 In 2 ApERAGE N World Agric u imates (WA ommittees ( William C r Bond, ER William Ch a Childs, E R rains: Mich apehart, E R ds: Keith M sh, ERS; B i Carol Sk e Earnest, A M Stephen H McConnel nimals: Sh Wise, AMS : Shayle S aller, AMS; Shayle Sh a Liebrand, 2016, the W 2017, the W pr. 11, May NCY C O ultural Outlo o SDE) repor t (ICECs) tha t hambers, I S; Andrew ambers, IC E RS; Rachel hael Jewis o RS; Yoonh e Menzie, IC E ill George, elly, ICEC C MS; Leslie M Haley, ICE C l, ERS; Ro hayle Sha g ; Mildred H Shagam, I C Sean Ra m agam, ICE C AMS; Jerr y WASDE re p WASDE re p 10, Jun. 9, WA OMMODI ok Board re v t. The Boa r t prepare th e CEC Chai r Sowell, F A EC Chair, W Trego, FA S on, ICEC C ee Macke, F EC Chair, W FAS; Sus a Chair, WA O Meyer, ER S C Chair, W A n Lord, F A gam, ICEC Haley, ERS ; CEC Chair, mos, ERS; C C Chair, W y Cessna, E port will be port will be Jul. 12, A u ASDE-559-6 TY EST views and a p rd’s analyst s e monthly r e r, WAOB, E AS; Mark S WAOB, E-m S; Mark Si m Chair, WAO FAS; Susa n WAOB, E-m an Prope r, F OB, E-mail : S; James J AOB, E-ma AS; Barbar a Chair, WA O ; Claire M e WAOB, E-m Claire Mez o AOB, E-ma ERS; Paul released o released o ug. 10, Se p IMATE S approves th e s chair the I n eport. E-mail : wc h imone, FS A mail: wcha mone, FS A OB, E-mail : n Prope r, F mail: kmen z FSA. : cskelly @ ohnson, F A ail: shaley @ a Fecso, F S OB, E-mai l ezoughem, mail: ssh a oughem, F ail: sshag a Kiendl, FA on Dec. 9. on Jan. 12, p. 12, Oct. 1 S COM M e World Agr i nteragency hambers@ A. mbers @o c A. mjewison @ FSA. [email protected] s @oce.usda. g AS; Sherri e @oce.usd a SA. l: sshaga m FAS; Dale agam@oce FAS; Milton [email protected] s S; Milton M Feb. 9, M a 12, Nov. 9, MITTEE S icultural Su p Commodity oce.usda. g ce.usda.g o @oce.usda. g sda.gov gov e Grimm, F a.gov [email protected] d Leuck, F S .usda.gov Madison, F sda.gov Madison, F S ar. 9, Dec. 12 S pply and gov ov gov SA. da.gov SA. FSA. SA. WASDE-559-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 November 2016 WASDE - 559 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2513.07 3032.83 393.74 2455.86 576.97 2015/16 (Est.) 2456.05 3033.01 375.66 2430.34 602.67 filler filler filler filler filler 2016/17 (Proj.) Oct 2542.49 3144.10 397.63 2525.77 618.33 2016/17 (Proj.) Nov 2548.16 3150.84 397.45 2529.41 621.43 filler filler filler filler filler Wheat 2014/15 728.26 922.94 164.42 705.74 217.20 2015/16 (Est.) 735.48 952.68 172.19 711.65 241.03 filler filler filler filler filler 2016/17 (Proj.) Oct 744.44 984.10 174.68 735.73 248.37 2016/17 (Proj.) Nov 744.72 985.75 174.23 736.52 249.23 filler filler filler filler filler Coarse Grains 5/ 2014/15 1306.13 1517.19 185.74 1272.00 245.19 2015/16 (Est.) 1248.46 1493.65 163.75 1248.32 245.33 filler filler filler filler filler 2016/17 (Proj.) Oct 1314.79 1561.15 181.73 1311.88 249.26 2016/17 (Proj.) Nov 1319.65 1564.98 182.23 1314.50 250.47 filler filler filler filler filler Rice, milled 2014/15 478.69 592.69 43.58 478.12 114.57 2015/16 (Est.) 472.11 586.68 39.72 470.37 116.31 filler filler filler filler filler 2016/17 (Proj.) Oct 483.26 598.86 41.22 478.16 120.70 2016/17 (Proj.) Nov 483.80 600.11 40.99 478.38 121.72 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 429.21 505.96 81.59 348.21 76.16 filler filler filler filler filler 2016/17 (Proj.) Oct 470.30 554.12 93.21 365.09 95.82 2016/17 (Proj.) Nov 474.42 558.24 93.21 367.12 97.92 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 56.12 79.67 21.09 32.02 26.55 filler filler filler filler filler 2016/17 (Proj.) Oct 62.86 92.82 26.54 35.30 30.98 2016/17 (Proj.) Nov 62.86 92.82 26.54 35.16 31.12 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 366.99 417.87 57.07 312.67 48.13 filler filler filler filler filler 2016/17 (Proj.) Oct 399.95 451.59 63.12 325.57 62.90 2016/17 (Proj.) Nov 404.11 455.75 63.12 327.73 64.90 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.11 8.43 3.42 3.53 1.48 filler filler filler filler filler 2016/17 (Proj.) Oct 7.49 9.72 3.56 4.22 1.94 2016/17 (Proj.) Nov 7.45 9.68 3.56 4.22 1.90 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). November 2016 WASDE - 559 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,073.59 2,533.60 310.46 2,108.89 507.99 2015/16 (Est.) 2,026.83 2,527.05 294.08 2,082.12 526.51 filler filler filler filler filler 2016/17 (Proj.) Oct 2,072.19 2,589.98 304.42 2,160.68 522.52 2016/17 (Proj.) Nov 2,073.74 2,592.60 304.24 2,162.29 523.52 filler filler filler filler filler Wheat 2014/15 673.11 847.61 140.90 674.40 196.73 2015/16 (Est.) 679.36 873.02 151.10 679.63 214.48 filler filler filler filler filler 2016/17 (Proj.) Oct 681.58 891.28 148.15 700.43 217.39 2016/17 (Proj.) Nov 681.86 892.94 147.70 701.36 218.12 filler filler filler filler filler Coarse Grains 5/ 2014/15 928.89 1,102.21 129.04 960.66 198.25 2015/16 (Est.) 881.47 1,075.79 106.68 935.66 197.20 filler filler filler filler filler 2016/17 (Proj.) Oct 914.84 1,109.55 118.61 986.31 186.36 2016/17 (Proj.) Nov 915.54 1,109.23 119.11 986.77 185.57 filler filler filler filler filler Rice, milled 2014/15 471.59 583.78 40.52 473.82 113.02 2015/16 (Est.) 466.00 578.25 36.30 466.84 114.84 filler filler filler filler filler 2016/17 (Proj.) Oct 475.77 589.14 37.67 473.93 118.77 2016/17 (Proj.) Nov 476.34 590.43 37.44 474.16 119.83 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.19 222.50 35.31 111.12 111.62 2015/16 (Est.) 96.51 208.13 35.14 111.27 96.91 filler filler filler filler filler 2016/17 (Proj.) Oct 102.69 199.29 34.87 112.03 87.35 2016/17 (Proj.) Nov 103.28 200.19 35.21 111.99 88.31 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.65 2015/16 (Est.) 12.89 16.57 9.15 3.45 3.80 filler filler filler filler filler 2016/17 (Proj.) Oct 16.03 19.84 12.00 3.50 4.30 2016/17 (Proj.) Nov 16.16 19.97 12.00 3.50 4.50 filler filler filler filler filler Foreign 4/ 2014/15 102.87 203.82 24.07 107.55 107.97 2015/16 (Est.) 83.62 191.55 25.98 107.82 93.11 filler filler filler filler filler 2016/17 (Proj.) Oct 86.66 179.45 22.87 108.53 83.05 2016/17 (Proj.) Nov 87.12 180.21 23.21 108.49 83.81 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. November 2016 WASDE - 559 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.87 614.52 147.05 439.37 93.26 2015/16 (Est.) 522.07 615.33 153.17 448.03 88.93 filler filler filler filler filler 2016/17 (Proj.) Oct 548.10 635.05 159.24 463.86 88.13 2016/17 (Proj.) Nov 551.23 640.15 159.74 463.56 92.87 filler filler filler filler filler Oilmeals 2014/15 299.41 313.11 85.46 294.30 15.09 2015/16 (Est.) 306.81 321.90 86.82 304.99 13.92 filler filler filler filler filler 2016/17 (Proj.) Oct 318.20 332.29 92.24 316.49 12.32 2016/17 (Proj.) Nov 317.91 331.83 91.66 316.36 11.96 filler filler filler filler filler Vegetable Oils 2014/15 176.98 200.29 76.54 171.46 22.98 2015/16 (Est.) 177.11 200.09 74.69 177.68 19.45 filler filler filler filler filler 2016/17 (Proj.) Oct 185.85 204.89 78.65 183.42 18.04 2016/17 (Proj.) Nov 185.72 205.17 78.58 183.50 18.07 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.11 6.76 2015/16 (Est.) 115.88 123.76 53.79 55.08 6.88 filler filler filler filler filler 2016/17 (Proj.) Oct 126.16 134.64 56.28 57.58 12.32 2016/17 (Proj.) Nov 128.68 137.22 56.96 57.09 14.63 filler filler filler filler filler Oilmeals 2014/15 43.27 47.44 12.15 35.00 0.29 2015/16 (Est.) 42.85 47.21 11.21 35.69 0.30 filler filler filler filler filler 2016/17 (Proj.) Oct 44.61 48.97 11.49 37.14 0.34 2016/17 (Proj.) Nov 44.24 48.56 11.23 37.00 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.14 1.17 13.68 1.29 2015/16 (Est.) 11.20 17.03 1.25 14.52 1.25 filler filler filler filler filler 2016/17 (Proj.) Oct 11.61 17.25 1.28 14.82 1.15 2016/17 (Proj.) Nov 11.54 17.28 1.24 14.81 1.24 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.84 492.69 95.94 384.26 86.50 2015/16 (Est.) 406.19 491.57 99.38 392.95 82.05 filler filler filler filler filler 2016/17 (Proj.) Oct 421.94 500.41 102.96 406.28 75.81 2016/17 (Proj.) Nov 422.55 502.94 102.77 406.47 78.24 filler filler filler filler filler Oilmeals 2014/15 256.14 265.68 73.32 259.31 14.80 2015/16 (Est.) 263.96 274.69 75.61 269.30 13.62 filler filler filler filler filler 2016/17 (Proj.) Oct 273.60 283.32 80.75 279.35 11.98 2016/17 (Proj.) Nov 273.67 283.26 80.43 279.36 11.62 filler filler filler filler filler Vegetable Oils 2014/15 166.04 184.15 75.36 157.78 21.69 2015/16 (Est.) 165.91 183.06 73.45 163.15 18.20 filler filler filler filler filler 2016/17 (Proj.) Oct 174.24 187.64 77.37 168.60 16.89 2016/17 (Proj.) Nov 174.18 187.89 77.35 168.69 16.83 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. November 2016 WASDE - 559 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Million Acres Area Planted 56.8 55.0 50.2 50.2 Area Harvested 46.4 47.3 43.9 43.9 Bushels Yield per Harvested Acre 43.7 43.6 52.6 52.6 Million Bushels Beginning Stocks 590 752 976 976 Production 2,026 2,062 2,310 2,310 Imports 151 113 125 125 Supply, Total 2,768 2,927 3,410 3,410 Food 958 957 968 963 Seed 79 67 69 69 Feed and Residual 114 152 260 260 Domestic, Total 1,151 1,176 1,297 1,292 Exports 864 775 975 975 Use, Total 2,015 1,952 2,272 2,267 Ending Stocks 752 976 1,138 1,143 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.50 - 3.90 3.50 - 3.90 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 830 568 359 221 84 2,062 Supply, Total 3/ 1,130 828 531 294 143 2,927 Domestic Use 458 304 255 73 86 1,176 Exports 226 252 120 147 29 775 Use, Total 685 556 375 220 116 1,952 Ending Stocks, Total 446 272 157 74 28 976 2016/17 (Proj.) Beginning Stocks 446 272 157 74 28 976 Production 1,082 493 345 286 104 2,310 Supply, Total 3/ 1,534 807 534 367 168 3,410 Domestic Use 556 302 249 102 83 1,292 Exports 390 295 90 170 30 975 Use, Total 946 597 339 272 113 2,267 Ending Stocks, Total Nov 588 210 195 95 55 1,143 Ending Stocks, Total Oct 601 207 188 95 47 1,138 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. November 2016 WASDE - 559 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Million Acres Area Planted 103.5 103.2 107.1 107.1 Area Harvested 93.1 93.0 96.4 96.4 Metric Tons Yield per Harvested Acre 4.05 3.94 4.14 4.19 Million Metric Tons Beginning Stocks 34.3 46.9 48.1 48.1 Production 377.1 366.7 399.6 403.8 Imports 3.2 3.7 3.3 3.3 Supply, Total 414.6 417.3 451.0 455.2 Feed and Residual 138.5 135.6 148.6 148.6 Food, Seed & Industrial 172.5 176.6 176.4 178.6 Domestic, Total 310.9 312.1 325.0 327.2 Exports 56.7 57.1 63.1 63.1 Use, Total 367.6 369.2 388.1 390.3 Ending Stocks 46.9 48.1 62.9 64.9 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Million Acres Area Planted 90.6 88.0 94.5 94.5 Area Harvested 83.1 80.7 86.8 86.8 Bushels Yield per Harvested Acre 171.0 168.4 173.4 175.3 Million Bushels Beginning Stocks 1,232 1,731 1,738 1,738 Production 14,216 13,601 15,057 15,226 Imports 32 67 50 50 Supply, Total 15,479 15,400 16,845 17,013 Feed and Residual 5,280 5,130 5,650 5,650 Food, Seed & Industrial 2/ 6,601 6,635 6,650 6,735 Ethanol & by-products 3/ 5,200 5,206 5,275 5,300 Domestic, Total 11,881 11,764 12,300 12,385 Exports 1,867 1,898 2,225 2,225 Use, Total 13,748 13,662 14,525 14,610 Ending Stocks 1,731 1,738 2,320 2,403 Avg. Farm Price ($/bu) 4/ 3.70 3.61 2.95 - 3.55 3.00 - 3.60 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average pric e received by farmers. November 2016 WASDE - 559 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 6.8 6.8 Area Harvested (mil. acres) 6.4 7.9 6.0 6.0 Yield (bushels/acre) 67.6 76.0 77.2 76.5 Beginning Stocks 34 18 37 37 Production 433 597 467 462 Imports 0511 Supply, Total 467 620 504 500 Feed and Residual 82 103 90 90 Food, Seed & Industrial 15 142 120 120 Total Domestic 97 245 210 210 Exports 352 339 250 250 Use, Total 449 583 460 460 Ending Stocks 18 37 44 40 Avg. Farm Price ($/bu) 2/ 4.03 3.31 2.80 - 3.40 2.80 - 3.40 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.1 3.1 Area Harvested (mil. acres) 2.5 3.2 2.6 2.6 Yield (bushels/acre) 72.7 69.1 77.9 77.9 Beginning Stocks 82 79 102 102 Production 182 218 199 199 Imports 24 19 20 20 Supply, Total 287 315 321 321 Feed and Residual 43 50 60 60 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 202 213 213 Exports 14 11 10 10 Use, Total 209 213 223 223 Ending Stocks 79 102 98 98 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.50 - 5.30 4.55 - 5.15 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 2.8 2.8 Area Harvested (mil. acres) 1.0 1.3 1.0 1.0 Yield (bushels/acre) 67.9 70.2 66.0 66.0 Beginning Stocks 25 54 57 57 Production 70 90 65 65 Imports 1 0 98 69 09 0 Supply, Total 204 229 212 212 Feed and Residual 71 93 85 85 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 163 163 Exports 2222 Use, Total 150 172 165 165 Ending Stocks 54 57 47 47 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.60 - 2.00 1.70 - 2.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. November 2016 WASDE - 559 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Million Acres Area Planted 2.95 2.61 3.18 3.18 Area Harvested 2.93 2.58 3.13 3.13 Filler Pounds Yield per Harvested Acre 7,576 7,470 7,532 7,493 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 46.5 46.5 Production 222.2 192.3 236.0 234.8 Imports 24.6 24.1 23.5 23.5 Supply, Total 278.7 265.0 306.0 304.7 Domestic & Residual 3/ 134.4 110.8 133.0 133.0 Exports, Total 4/ 95.7 107.7 112.0 112.0 Rough 31.8 38.2 40.0 41.0 Milled (rough equiv.) 63.9 69.6 72.0 71.0 Use, Total 230.2 218.5 245.0 245.0 Ending Stocks 48.5 46.5 61.0 59.7 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.10 10.20 - 11.20 10.10 - 11.10 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 22.7 22.7 Production 162.7 133.0 177.0 176.1 Supply, Total 7/ 200.6 180.4 220.2 219.3 Domestic & Residual 3/ 106.2 81.1 103.0 103.0 Exports 8/ 68.0 76.5 79.0 79.0 Use, Total 174.2 157.7 182.0 182.0 Ending Stocks 26.5 22.7 38.2 37.3 Avg. Farm Price ($/cwt) 6/ 11.90 11.10 9.20 - 10.20 9.20 - 10.20 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 20.9 20.9 Production 59.6 59.3 59.0 58.7 Supply, Total 7/ 76.1 81.8 82.9 82.6 Domestic & Residual 3/ 28.3 29.6 30.0 30.0 Exports 8/ 27.7 31.2 33.0 33.0 Use, Total 56.0 60.9 63.0 63.0 Ending Stocks 20.2 20.9 19.9 19.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.30 13.00 - 14.00 12.90 - 13.90 California 10/ 21.60 18.30 14.50 - 15.50 14.50 - 15.50 Other States 1/ 14.40 11.20 9.50 - 10.50 9.20 - 10.20 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-1.9; 2015/16-2.9; 2016/17-2.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. November 2016 WASDE - 559 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Filler Filler Filler Filler Filler Million Acres Area Planted 83.3 82.7 83.7 83.7 Area Harvested 82.6 81.7 83.0 83.0 Filler Bushels Yield per Harvested Acre 47.5 48.0 51.4 52.5 Million Bushels Beginning Stocks 92 191 197 197 Production 3,927 3,926 4,269 4,361 Imports 33 24 30 30 Supply, Total 4,052 4,140 4,496 4,588 Crushings 1,873 1,886 1,950 1,930 Exports 1,842 1,936 2,025 2,050 Seed 96 97 95 95 Residual 50 24 31 32 Use, Total 3,862 3,943 4,101 4,108 Ending Stocks 191 197 395 480 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.30 - 9.80 8.45 - 9.95 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 1,750 1,718 Production 4/ 21,399 21,950 22,525 22,290 Imports 264 288 250 250 Supply, Total 22,828 24,093 24,525 24,258 Domestic Disappearance 18,959 20,135 20,550 20,450 Biodiesel 3/ 5,039 5,675 5,950 5,950 Food, Feed & other Industrial 13,920 14,460 14,600 14,500 Exports 2,014 2,240 2,250 2,150 Use, Total 20,973 22,375 22,800 22,600 Ending stocks 1,855 1,718 1,725 1,658 Avg. Price (c/lb) 2/ 31.60 29.86 30.50 - 33.50 32.50 - 35.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Octobe r Novembe r Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 264 Production 4/ 45,062 44,672 46,275 45,811 Imports 333 403 325 325 Supply, Total 45,645 45,335 46,900 46,400 Domestic Disappearance 32,277 33,108 34,300 34,100 Exports 13,108 11,963 12,300 12,000 Use, Total 45,384 45,071 46,600 46,100 Ending Stocks 260 264 300 300 Avg. Price ($/s.t.) 2/ 368.49 324.56 300.00 - 340.00 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,890 millio n bushels for 2015/16 and 1,930 million bushels for 2016/17. November 2016 WASDE - 559 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,887 2,055 Production 2/ 8,656 8,989 9,427 9,331 Beet Sugar 4,893 5,119 5,468 5,371 Cane Sugar 3,763 3,870 3,959 3,960 Florida 1,981 2,173 2,108 2,142 Hawaii 146 152 40 40 Louisiana 1,513 1,428 1,676 1,644 Texas 123 116 135 135 Imports 3,553 3,341 2,678 2,691 TRQ 3/ 1,536 1,620 1,533 1,533 Other Program 4/ 471 396 125 125 Other 5/ 1,546 1,325 1,020 1,033 Mexico 1,532 1,309 1,005 1,018 Total Supply 14,019 14,145 13,992 14,077 Exports 1 8 57 42 52 5 Deliveries 12,019 12,075 12,205 12,155 Food 6/ 11,888 11,905 12,050 12,000 Other 7/ 131 170 155 155 Miscellaneous 0- 5 8 0 0 Total Use 12,204 12,090 12,230 12,180 Ending Stocks 1,815 2,055 1,762 1,897 Stocks to Use Ratio 14.9 17.0 14.4 15.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TR Q shortfall (125) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (16) and other (0). For 2016/17, other high-tier (15) and other (0). 6/For 2014/15, combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Oct 811 6,117 70 4,761 1,190 1,047 2015/16 Est. Nov 811 6,117 70 4,754 1,207 1,037 2016/17 Proj. Oct 1,047 6,300 10 4,828 1,282 1,248 2016/17 Proj. Nov 1,037 6,300 10 4,784 1,325 1,238 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-Sep 2015/16 = 1,482 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Statistical Adjustment: 2015/16 (37), 2016/17 (0). November 2016 WASDE - 559 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Oct Nov Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.15 10.15 Harvested 9.35 8.07 9.66 9.66 Filler Pounds Yield per Harvested Acre 838 766 797 803 Million 480 Pound Bales Beginning Stocks 2.35 3.65 3.80 3.80 Production 16.32 12.89 16.03 16.16 Imports 0.01 0.03 0.01 0.01 Supply, Total 18.68 16.57 19.84 19.97 Domestic Use 3.58 3.45 3.50 3.50 Exports, Total 11.25 9.15 12.00 12.00 Use, Total 14.82 12.60 15.50 15.50 Unaccounted 2/ 0.21 0.17 0.04 -0.03 Ending Stocks 3.65 3.80 4.30 4.50 Avg. Farm Price 3/ 61.3 61.2 59.00 - 69.00 63.00 - 71.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. November 2016 WASDE - 559 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 194.69 728.26 159.11 131.80 705.74 164.42 217.20 United States 16.07 55.15 4.12 3.09 31.33 23.52 20.48 Total Foreign 178.62 673.11 154.99 128.71 674.41 140.90 196.73 Major Exporters 4/ 27.39 224.18 6.66 62.87 147.32 81.47 29.44 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.77 9.10 24.16 7.05 European Union 5/ 9.94 156.92 5.98 55.00 124.68 35.42 12.74 Major Importers 6/ 100.66 197.40 84.96 29.88 262.34 7.64 113.05 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.37 17.66 21.27 4.45 36.15 1.52 13.64 N. Africa 8/ 14.03 17.01 25.43 2.48 42.73 0.61 13.14 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.10 3.41 17.22 FSU-12 15.64 112.74 7.68 24.65 75.36 40.21 20.49 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 11.50 11.27 5.68 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 217.20 735.48 169.94 138.44 711.65 172.19 241.03 United States 20.48 56.12 3.07 4.13 32.02 21.09 26.55 Total Foreign 196.73 679.36 166.86 134.31 679.63 151.10 214.48 Major Exporters 4/ 29.44 223.41 7.56 67.63 151.94 82.04 26.42 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 2 05 . 9 09 . 1 01 . 1 1 Australia 4.84 24.50 0.15 3.80 7.23 16.12 6.14 Canada 7.05 27.59 0.49 2.63 7.83 22.13 5.17 European Union 5/ 12.74 160.01 6.92 61.00 130.98 34.68 14.01 Major Importers 6/ 113.05 204.29 92.22 27.61 263.47 6.45 139.64 Brazil 0.87 5.54 6.75 0.50 10.50 1.06 1.60 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.64 18.80 19.14 4.60 37.20 0.55 13.82 N. Africa 8/ 13.14 19.91 27.78 2.28 43.65 0.72 16.47 Pakistan 3.72 25.10 0.01 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.55 8.04 22.33 0.97 5.08 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.49 118.24 7.37 26.90 78.21 51.48 16.41 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 72 . 1 06 . 9 07 . 6 02 . 5 6 Ukraine 5.68 27.27 0.03 5.20 12.30 17.43 3.25 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2016 WASDE - 559 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 239.66 744.44 169.91 144.94 735.73 174.68 248.37 Nov 241.03 744.72 169.94 146.89 736.52 174.23 249.23 United States Oct 26.55 62.86 3.40 7.08 35.30 26.54 30.98 Nov 26.55 62.86 3.40 7.08 35.16 26.54 31.12 Total Foreign Oct 213.11 681.58 166.51 137.87 700.43 148.15 217.39 Nov 214.48 681.86 166.54 139.81 701.36 147.70 218.12 Major Exporters 4/ Oct 26.30 217.42 7.64 66.10 151.66 75.50 24.20 Nov 26.42 217.77 7.14 66.60 152.16 75.00 24.18 Argentina Oct 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Nov 1.11 14.40 0.01 0.10 6.30 8.00 1.21 Australia Oct 6.26 28.30 0.15 4.00 7.46 20.50 6.75 Nov 6.14 28.30 0.15 4.00 7.46 20.50 6.63 Canada Oct 5.17 31.50 0.49 4.00 9.20 22.00 5.95 Nov 5.17 31.50 0.49 4.50 9.70 21.50 5.95 European Union 5/ Oct 14.01 143.22 7.00 58.00 128.70 25.00 10.53 Nov 14.01 143.57 6.50 58.00 128.70 25.00 10.38 Major Importers 6/ Oct 139.13 197.91 86.88 31.42 270.68 7.34 145.90 Nov 139.64 197.91 87.38 31.67 271.24 7.34 146.35 Brazil Oct 1.60 6.34 6.00 0.50 10.60 1.50 1.84 Nov 1.60 6.34 6.20 0.50 10.80 1.50 1.84 China Oct 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Nov 97.04 128.00 3.50 15.00 117.00 0.80 110.74 Sel. Mideast 7/ Oct 13.74 19.41 17.36 4.61 38.25 0.55 11.71 Nov 13.82 19.41 17.36 4.61 38.29 0.55 11.75 N. Africa 8/ Oct 16.04 14.13 28.10 2.28 44.80 0.84 12.63 Nov 16.47 14.13 28.10 2.28 44.88 0.84 12.98 Pakistan Oct 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Nov 3.83 25.30 0.03 0.80 24.50 0.90 3.75 Southeast Asia 9/ Oct 5.08 0.00 21.50 7.24 21.96 0.99 3.64 Nov 5.08 0.00 21.80 7.49 22.21 0.99 3.69 Selected Other India Oct 14.50 90.00 3.00 4.50 96.10 0.40 11.00 Nov 14.54 90.00 3.00 4.50 96.14 0.40 11.00 FSU-12 Oct 15.67 131.43 7.55 27.10 79.62 54.64 20.39 Nov 16.41 131.43 7.52 28.30 79.92 54.64 20.80 Russia Oct 5.60 72.00 0.50 15.50 38.50 30.00 9.60 Nov 5.60 72.00 0.50 16.00 39.00 30.00 9.10 Kazakhstan Oct 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Nov 2.56 16.50 0.06 2.20 7.00 8.50 3.62 Ukraine Oct 2.55 27.00 0.05 4.00 12.00 15.50 2.10 Nov 3.25 27.00 0.03 4.70 11.80 15.50 2.97 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. November 2016 WASDE - 559 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.07 1,306.13 169.81 751.92 1,272.00 185.74 245.19 United States 34.31 377.23 3.44 138.62 311.34 56.70 46.95 Total Foreign 176.76 928.89 166.37 613.31 960.66 129.04 198.24 Major Exporters 4/ 25.53 169.11 4.70 82.70 112.73 67.56 19.04 Argentina 3.17 35.73 0.00 9.07 14.23 21.45 3.22 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.87 21.30 3.72 3.33 Major Importers 5/ 43.82 257.82 109.65 264.43 346.36 15.95 48.99 European Union 6/ 15.57 170.85 8.97 121.38 162.56 13.99 18.85 Japan 1.74 0.17 16.73 12.94 16.90 0.00 1.74 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.42 26.74 34.07 51.65 59.61 0.09 14.54 Saudi Arabia 3.72 0.29 11.26 11.43 11.91 0.00 3.36 Southeast Asia 8/ 3.62 26.77 12.87 30.69 38.70 1.07 3.50 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.66 222.75 25.70 158.80 229.06 0.02 102.03 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 245.19 1,248.46 179.94 761.56 1,248.32 163.75 245.33 United States 46.95 366.99 3.93 135.85 312.67 57.07 48.13 Total Foreign 198.25 881.47 176.01 625.71 935.66 106.68 197.20 Major Exporters 4/ 19.04 153.53 7.51 82.49 112.16 52.55 15.36 Argentina 3.22 37.94 0.01 9.36 14.42 24.11 2.64 Australia 1.53 12.44 0.00 4.19 5.87 6.50 1.60 Brazil 8.21 69.13 2.81 48.64 57.99 16.54 5.62 Canada 3.33 25.66 1.50 14.52 21.97 4.60 3.93 Major Importers 5/ 48.99 245.27 123.14 270.73 352.86 15.01 49.51 European Union 6/ 18.85 151.82 13.87 116.27 157.00 12.97 14.56 Japan 1.74 0.18 17.07 13.29 17.26 0.00 1.73 Mexico 4.86 32.19 14.70 26.42 44.22 1.00 6.53 N. Afr & Mideast 7/ 14.54 33.75 32.88 56.71 65.05 0.15 15.98 Saudi Arabia 3.36 0.17 14.61 13.55 13.95 0.00 4.19 Southeast Asia 8/ 3.50 26.89 15.19 32.56 40.67 0.90 4.02 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 102.03 231.83 17.50 166.95 239.00 0.03 112.34 FSU-12 7.44 82.12 0.54 39.72 54.80 30.85 4.44 Russia 2.43 37.43 0.12 20.45 29.84 8.71 1.43 Ukraine 3.29 33.39 0.05 10.34 13.87 21.10 1.77 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. November 2016 WASDE - 559 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 246.36 1,314.79 170.77 790.33 1,311.88 181.73 249.26 Nov 245.33 1,319.65 171.22 790.63 1,314.50 182.23 250.47 United States Oct 48.13 399.95 3.51 148.89 325.57 63.12 62.90 Nov 48.13 404.11 3.51 148.89 327.73 63.12 64.90 Total Foreign Oct 198.23 914.84 167.26 641.44 986.31 118.61 186.36 Nov 197.20 915.54 167.70 641.73 986.78 119.11 185.57 Major Exporters 4/ Oct 15.63 182.52 3.30 85.82 116.74 66.89 17.81 Nov 15.36 182.52 3.30 85.72 116.64 66.99 17.55 Argentina Oct 2.80 44.14 0.01 10.08 15.64 28.01 3.30 Nov 2.64 44.14 0.01 9.98 15.54 28.11 3.14 Australia Oct 1.60 14.26 0.00 4.27 5.94 7.98 1.94 Nov 1.60 14.26 0.00 4.27 5.94 7.98 1.94 Brazil Oct 5.62 86.02 1.05 51.07 60.92 25.53 6.23 Nov 5.62 86.02 1.05 51.07 60.92 25.53 6.23 Canada Oct 3.91 24.57 1.59 14.70 22.26 3.85 3.97 Nov 3.93 24.57 1.59 14.70 22.26 3.85 3.98 Major Importers 5/ Oct 49.71 240.15 121.69 276.90 358.74 10.16 42.65 Nov 49.51 239.68 121.96 277.49 359.41 10.16 41.58 European Union 6/ Oct 14.56 151.80 14.08 119.66 160.48 8.26 11.71 Nov 14.56 151.96 14.08 119.66 160.48 8.26 11.87 Japan Oct 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Nov 1.73 0.17 16.87 13.19 17.18 0.00 1.59 Mexico Oct 6.59 31.83 14.78 27.92 45.82 0.80 6.57 Nov 6.53 31.83 14.78 27.92 45.82 0.80 6.52 N. Afr & Mideast 7/ Oct 16.04 27.52 33.72 56.34 64.40 0.17 12.71 Nov 15.98 27.52 34.22 57.01 65.05 0.17 12.50 Saudi Arabia Oct 4.40 0.24 14.01 14.13 14.53 0.00 4.12 Nov 4.19 0.17 14.21 14.23 14.63 0.00 3.94 Southeast Asia 8/ Oct 4.24 28.31 13.82 33.71 41.62 0.94 3.81 Nov 4.02 27.76 13.62 33.71 41.72 0.94 2.74 South Korea Oct 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Nov 1.95 0.20 9.89 7.64 10.12 0.00 1.92 Selected Other China Oct 112.22 223.70 13.70 170.00 245.15 0.03 104.44 Nov 112.34 223.70 13.70 170.00 245.15 0.03 104.56 FSU-12 Oct 4.62 88.88 0.66 41.39 56.79 32.67 4.70 Nov 4.44 90.43 0.66 41.30 56.76 33.15 5.62 Russia Oct 1.43 39.50 0.11 21.10 30.75 8.56 1.72 Nov 1.43 40.00 0.11 21.20 30.85 8.76 1.92 Ukraine Oct 1.77 37.05 0.06 10.77 14.28 22.93 1.67 Nov 1.77 38.10 0.06 10.73 14.30 23.21 2.42 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. November 2016 WASDE - 559 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 174.77 1,014.02 124.85 584.64 980.76 141.80 208.03 United States 31.29 361.09 0.80 134.11 301.79 47.42 43.97 Total Foreign 143.48 652.93 124.05 450.54 678.97 94.38 164.05 Major Exporters 4/ 17.58 124.33 2.30 60.15 77.95 54.12 12.14 Argentina 1.41 28.70 0.00 6.00 9.30 18.96 1.85 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.65 0.69 2.45 Major Importers 5/ 19.04 134.14 69.23 142.14 193.71 5.88 22.84 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.65 59.50 77.88 4.03 9.47 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.61 26.72 12.83 30.60 38.60 1.07 3.49 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.47 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.03 959.89 138.83 596.45 958.52 120.43 209.40 United States 43.97 345.49 1.71 130.30 298.83 48.20 44.14 Total Foreign 164.05 614.40 137.11 466.15 659.69 72.23 165.26 Major Exporters 4/ 12.14 103.90 5.31 58.50 75.80 37.80 7.74 Argentina 1.85 29.00 0.01 6.00 9.30 20.50 1.05 Brazil 7.84 67.00 2.30 46.80 55.30 16.50 5.34 South Africa 2.45 7.90 3.00 5.70 11.20 0.80 1.35 Major Importers 5/ 22.84 117.27 80.80 143.10 194.56 3.71 22.64 Egypt 2.30 6.00 8.60 12.35 14.75 0.01 2.14 European Union 6/ 9.47 58.48 13.40 54.70 72.71 1.80 6.84 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.12 25.80 13.80 20.10 36.90 1.00 5.82 Southeast Asia 7/ 3.49 26.84 15.18 32.50 40.60 0.90 4.01 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.60 1.33 7.70 13.10 1.74 1.49 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.02 39.85 0.38 17.97 20.58 21.04 1.63 Ukraine 1.82 23.33 0.03 6.70 8.00 16.50 0.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. November 2016 WASDE - 559 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Oct 210.05 1,025.69 133.65 624.25 1,018.93 143.79 216.81 Nov 209.40 1,030.53 134.09 624.85 1,021.74 144.23 218.19 United States Oct 44.14 382.48 1.27 143.52 312.43 56.52 58.94 Nov 44.14 386.75 1.27 143.52 314.59 56.52 61.05 Total Foreign Oct 165.91 643.22 132.38 480.73 706.50 87.28 157.88 Nov 165.26 643.78 132.82 481.34 707.14 87.71 157.14 Major Exporters 4/ Oct 7.90 133.00 1.11 61.40 79.80 52.00 10.21 Nov 7.74 133.00 1.11 61.40 79.80 52.00 10.05 Argentina Oct 1.11 36.50 0.01 6.80 10.50 25.00 2.12 Nov 1.05 36.50 0.01 6.80 10.50 25.00 2.06 Brazil Oct 5.34 83.50 0.60 49.00 58.00 25.50 5.94 Nov 5.34 83.50 0.60 49.00 58.00 25.50 5.94 South Africa Oct 1.45 13.00 0.50 5.60 11.30 1.50 2.15 Nov 1.35 13.00 0.50 5.60 11.30 1.50 2.05 Major Importers 5/ Oct 22.45 119.20 79.05 146.05 197.38 3.44 19.88 Nov 22.64 118.64 78.65 145.90 197.33 3.44 19.16 Egypt Oct 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Nov 2.14 6.00 8.75 12.65 15.05 0.01 1.83 European Union 6/ Oct 6.84 60.28 13.50 55.80 73.80 1.70 5.12 Nov 6.84 60.28 13.50 55.80 73.80 1.70 5.12 Japan Oct 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Nov 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico Oct 5.82 24.50 13.80 20.60 37.50 0.80 5.82 Nov 5.82 24.50 13.80 20.60 37.50 0.80 5.82 Southeast Asia 7/ Oct 4.23 28.26 13.80 33.65 41.55 0.93 3.81 Nov 4.01 27.71 13.60 33.65 41.65 0.93 2.74 South Korea Oct 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Nov 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other Canada Oct 1.49 12.50 1.50 7.80 13.30 0.70 1.49 Nov 1.49 12.50 1.50 7.80 13.30 0.70 1.49 China Oct 110.71 216.00 3.00 159.00 226.00 0.02 103.69 Nov 110.77 216.00 3.00 159.00 226.00 0.02 103.75 FSU-12 Oct 1.75 44.06 0.42 19.09 21.87 22.60 1.77 Nov 1.63 45.56 0.42 19.09 21.87 23.10 2.65 Ukraine Oct 0.68 26.00 0.05 6.90 8.30 17.70 0.73 Nov 0.68 27.00 0.05 6.90 8.30 18.00 1.43 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. November 2016 WASDE - 559 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 114.00 478.69 41.14 478.12 43.58 114.57 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.98 471.59 40.35 473.82 40.52 113.02 Major Exporters 4/ 36.78 159.30 0.73 133.34 32.42 31.04 India 22.80 105.48 0.00 98.24 12.24 17.80 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 12.00 18.75 0.30 10.50 9.78 10.77 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.47 64.06 13.59 77.15 1.23 10.74 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.96 1.71 3.35 0.27 1.21 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.96 2.84 2.60 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.77 1.56 3.33 0.01 0.46 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.17 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.57 472.11 38.02 470.37 39.72 116.31 United States 1.55 6.11 0.77 3.53 3.42 1.48 Total Foreign 113.02 466.00 37.25 466.84 36.30 114.84 Major Exporters 4/ 31.04 154.28 0.61 128.11 29.01 28.81 India 17.80 104.32 0.00 93.51 10.21 18.40 Pakistan 1.21 6.70 0.01 2.80 4.20 0.92 Thailand 10.77 15.80 0.30 9.80 9.20 7.87 Vietnam 1.26 27.46 0.30 22.00 5.40 1.62 Major Importers 5/ 10.74 63.25 12.54 76.57 0.97 8.99 Brazil 0.64 7.21 0.80 7.80 0.60 0.25 European Union 6/ 1.21 2.06 1.80 3.50 0.27 1.29 Indonesia 4.11 36.20 1.10 37.90 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.26 1.89 3.55 5.83 0.00 0.88 Selected Other 0.00 Burma 0.75 12.20 0.04 10.70 1.20 1.09 C. Amer & Carib 8/ 0.46 1.62 1.92 3.45 0.02 0.53 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.70 8.50 0.08 2.61 Mexico 0.17 0.15 0.68 0.89 0.00 0.11 South Korea 1.41 4.33 0.34 4.37 0.00 1.70 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. November 2016 WASDE - 559 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Oct 115.60 483.26 38.71 478.16 41.22 120.70 Nov 116.31 483.80 38.50 478.38 40.99 121.72 United States Oct 1.48 7.49 0.75 4.22 3.56 1.94 Nov 1.48 7.45 0.75 4.22 3.56 1.90 Total Foreign Oct 114.12 475.77 37.96 473.93 37.67 118.77 Nov 114.84 476.34 37.75 474.16 37.44 119.83 Major Exporters 4/ Oct 28.31 159.80 0.66 132.60 29.50 26.67 Nov 28.81 159.80 0.56 132.60 29.50 27.07 India Oct 17.80 106.50 0.00 97.00 10.00 17.30 Nov 18.40 106.50 0.00 97.00 10.00 17.90 Pakistan Oct 0.92 6.90 0.01 2.80 4.20 0.83 Nov 0.92 6.90 0.01 2.80 4.20 0.83 Thailand Oct 7.87 18.60 0.25 10.60 9.50 6.62 Nov 7.87 18.60 0.25 10.60 9.50 6.62 Vietnam Oct 1.72 27.80 0.40 22.20 5.80 1.92 Nov 1.62 27.80 0.30 22.20 5.80 1.72 Major Importers 5/ Oct 9.01 65.36 12.05 76.75 1.08 8.59 Nov 8.99 65.36 12.10 76.80 1.08 8.58 Brazil Oct 0.25 8.03 0.65 7.90 0.65 0.38 Nov 0.25 8.03 0.65 7.90 0.65 0.38 European Union 6/ Oct 1.31 2.03 1.75 3.50 0.28 1.30 Nov 1.29 2.03 1.80 3.55 0.28 1.29 Indonesia Oct 3.51 36.60 1.25 37.70 0.00 3.66 Nov 3.51 36.60 1.25 37.70 0.00 3.66 Nigeria Oct 0.60 2.70 2.00 5.00 0.00 0.30 Nov 0.60 2.70 2.00 5.00 0.00 0.30 Philippines Oct 1.96 12.00 1.20 13.30 0.00 1.86 Nov 1.96 12.00 1.20 13.30 0.00 1.86 Sel. Mideast 7/ Oct 0.88 2.06 3.65 5.90 0.00 0.69 Nov 0.88 2.06 3.65 5.90 0.00 0.69 Selected Other Burma Oct 0.89 12.50 0.00 10.85 1.70 0.84 Nov 1.09 12.50 0.00 10.90 1.50 1.19 C. Amer & Carib 8/ Oct 0.57 1.77 1.80 3.53 0.02 0.58 Nov 0.53 1.70 1.79 3.53 0.02 0.46 China Oct 63.74 146.50 5.00 144.00 0.30 70.94 Nov 63.74 146.50 5.00 144.00 0.30 70.94 Egypt Oct 0.92 4.55 0.30 4.00 0.30 1.48 Nov 0.92 4.55 0.30 4.00 0.30 1.48 Japan Oct 2.49 7.68 0.70 8.70 0.09 2.09 Nov 2.61 7.79 0.70 8.50 0.09 2.52 Mexico Oct 0.12 0.17 0.75 0.89 0.00 0.15 Nov 0.11 0.17 0.75 0.89 0.00 0.14 South Korea Oct 1.83 4.00 0.41 4.33 0.00 1.90 Nov 1.70 4.20 0.41 4.48 0.00 1.82 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. November 2016 WASDE - 559 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.31 119.19 35.72 111.12 35.31 0.16 111.62 United States 2.35 16.32 0.01 3.58 11.25 0.21 3.65 Total Foreign 100.96 102.87 35.70 107.55 24.07 -0.05 107.97 Major Exporters 4/ 28.43 52.72 1.74 32.33 20.52 -0.23 30.27 Central Asia 5/ 3.76 6.29 3 / 2.38 4.67 0.00 3.00 Afr. Fr. Zone 6/ 1.46 5.09 3 / 0.14 4.21 0.00 2.20 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.08 -0.24 11.30 Australia 1.81 2.30 3 / 0.04 2.40 -0.10 1.77 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.90 31.92 70.86 2.63 0.17 75.85 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 34.00 0.07 0.00 66.92 European Union 9/ 0.38 1.65 0.86 0.87 1.62 0.05 0.35 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.28 4.10 0.00 0.00 0.68 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 111.62 96.51 35.28 111.27 35.14 0.09 96.91 United States 3 . 6 5 1 2 . 8 90 . 0 33 . 4 59 . 1 50 . 1 73 . 8 0 Total Foreign 107.97 83.62 35.25 107.82 25.98 -0.08 93.11 Major Exporters 4/ 30.27 46.83 1.77 31.71 22.88 -0.22 24.50 Central Asia 5/ 3.00 5.97 3 / 2.37 4.36 0.00 2.25 Afr. Fr. Zone 6/ 2.20 4.19 3 / 0.14 4.82 0.00 1.42 S. Hemis 7/ 1 1 . 3 09 . 7 50 . 2 54 . 2 17 . 6 9 - 0 . 2 39 . 6 4 Australia 1.77 2.60 3 / 0.04 2.85 -0.10 1.58 Brazil 7.53 5.90 0.09 3.20 4.31 -0.15 6.16 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.85 33.98 31.17 71.93 2.06 0.14 66.86 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.29 0.81 0.82 1.31 0.05 0.27 Turkey 1.60 2.65 4.22 6.65 0.22 0.00 1.59 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 3.00 3.00 0.02 0.00 0.59 Thailand 0.22 3 / 1.28 1.25 0.00 0.03 0.22 Bangladesh 1.28 0.12 6.20 6.10 0.00 0.01 1.49 Vietnam 0.68 3 / 4.50 4.40 0.00 0.00 0.78 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. November 2016 WASDE - 559 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Oct 96.60 102.69 34.91 112.03 34.87 -0.04 87.35 Nov 96.91 103.28 35.21 111.99 35.21 -0.11 88.31 United States Oct 3.80 16.03 0.01 3.50 12.00 0.04 4.30 Nov 3.80 16.16 0.01 3.50 12.00 -0.03 4.50 Total Foreign Oct 92.80 86.66 34.90 108.53 22.87 -0.09 83.05 Nov 93.11 87.12 35.20 108.49 23.21 -0.09 83.81 filler filler filler filler filler filler filler Major Exporters 4/ Oct 24.24 49.32 2.30 31.39 19.99 -0.23 24.71 Nov 24.50 49.81 2.59 31.38 20.29 -0.23 25.45 Central Asia 5/ Oct 1.97 5.84 3 / 2.38 3.61 0.00 1.82 Nov 2.25 5.89 3 / 2.37 3.66 0.00 2.10 Afr. Fr. Zone 6/ Oct 1.42 4.84 3 / 0.14 4.74 0.00 1.38 Nov 1.42 4.88 3 / 0.14 4.71 0.00 1.45 S. Hemis 7/ Oct 9.67 11.78 0.27 4.21 7.50 -0.24 10.24 Nov 9.64 11.67 0.26 4.21 7.47 -0.24 10.14 Australia Oct 1.60 4.00 3 / 0.04 3.90 -0.10 1.76 Nov 1.58 4.00 3 / 0.04 3.90 -0.10 1.75 Brazil Oct 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 Nov 6.16 6.50 0.10 3.20 2.90 -0.15 6.81 India Oct 10.94 26.50 1.50 24.00 3.90 0.00 11.04 Nov 10.94 27.00 1.80 24.00 4.20 0.00 11.54 filler filler filler filler filler filler filler Major Importers 8/ Oct 66.82 34.46 30.28 72.87 1.87 0.14 56.68 Nov 66.86 34.46 30.28 72.87 1.88 0.14 56.72 Mexico Oct 0.57 0.65 1.28 1.85 0.10 0.03 0.52 Nov 0.57 0.65 1.28 1.85 0.10 0.03 0.52 China Oct 58.20 21.00 4.50 35.50 0.10 0.00 48.10 Nov 58.20 21.00 4.50 35.50 0.10 0.00 48.10 European Union 9/ Oct 0.26 1.23 0.80 0.81 1.14 0.05 0.29 Nov 0.27 1.23 0.80 0.81 1.15 0.05 0.29 Turkey Oct 1.58 3.20 3.70 6.75 0.28 0.00 1.46 Nov 1.59 3.20 3.70 6.75 0.28 0.00 1.47 Pakistan Oct 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Nov 2.62 8.25 2.20 10.20 0.25 0.03 2.59 Indonesia Oct 0.59 0.01 2.90 2.90 0.01 0.00 0.59 Nov 0.59 0.01 2.90 2.90 0.01 0.00 0.59 Thailand Oct 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Nov 0.22 3 / 1.23 1.20 0.00 0.03 0.22 Bangladesh Oct 1.49 0.12 6.30 6.40 0.00 0.01 1.50 Nov 1.49 0.12 6.30 6.40 0.00 0.01 1.50 Vietnam Oct 0.75 3 / 4.80 4.70 0.00 0.00 0.86 Nov 0.78 3 / 4.80 4.70 0.00 0.00 0.88 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. November 2016 WASDE - 559 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.90 319.78 123.87 263.24 300.73 126.22 78.60 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.40 212.90 122.97 212.26 245.78 76.08 73.41 Major Exporters 3/ 41.48 170.05 0.32 84.27 91.47 68.79 51.59 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.18 15.39 105.48 97.91 117.15 0.29 18.61 China 13.85 12.15 78.35 74.50 87.20 0.14 17.01 European Union 0.62 1.83 13.42 13.60 15.07 0.12 0.69 Japan 0.22 0.23 3.00 2.15 3.24 0.00 0.21 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.60 313.20 132.96 276.18 315.54 132.14 77.07 United States 5.19 106.86 0.64 51.34 54.63 52.69 5.36 Total Foreign 73.41 206.34 132.32 224.84 260.91 79.45 71.71 Major Exporters 3/ 51.59 164.30 1.10 86.98 94.94 71.43 50.61 Argentina 31.92 56.80 0.68 43.23 47.62 9.92 31.85 Brazil 19.50 96.50 0.41 39.90 43.40 54.38 18.63 Paraguay 0.12 9.00 0.01 3.70 3.74 5.30 0.08 Major Importers 4/ 18.61 15.43 112.54 106.80 127.47 0.32 18.79 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.69 2.26 14.60 14.80 16.38 0.15 1.02 Japan 0.21 0.24 3.19 2.28 3.43 0.00 0.21 Mexico 0.07 0.33 4.13 4.40 4.45 0.00 0.08 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Oct 75.45 333.22 136.22 288.49 328.75 138.78 77.36 Nov 77.07 336.09 136.21 288.17 328.69 139.16 81.53 United States Oct 5.36 116.18 0.82 53.07 56.51 55.11 10.74 Nov 5.36 118.69 0.82 52.53 56.00 55.79 13.08 Total Foreign Oct 70.08 217.04 135.41 235.42 272.24 83.67 66.62 Nov 71.71 217.40 135.40 235.65 272.69 83.37 68.45 Major Exporters 3/ Oct 50.12 171.17 0.66 88.80 96.95 76.10 48.90 Nov 50.61 171.17 0.66 88.80 96.95 75.70 49.79 Argentina Oct 31.40 57.00 0.30 44.30 48.75 9.65 30.30 Nov 31.85 57.00 0.30 44.30 48.75 9.25 31.15 Brazil Oct 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Nov 18.63 102.00 0.35 40.50 44.10 58.40 18.48 Paraguay Oct 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Nov 0.08 9.17 0.01 3.80 3.85 5.30 0.11 Major Importers 4/ Oct 17.76 16.35 114.00 111.26 132.54 0.33 15.24 Nov 18.79 16.41 114.09 111.39 132.84 0.33 16.12 China Oct 16.01 12.50 86.00 86.50 100.70 0.15 13.66 Nov 16.91 12.50 86.00 86.50 100.80 0.15 14.46 European Union Oct 1.02 2.42 13.00 13.80 15.39 0.15 0.89 Nov 1.02 2.42 13.00 13.80 15.39 0.15 0.89 Japan Oct 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Nov 0.21 0.24 3.10 2.20 3.36 0.00 0.19 Mexico Oct 0.08 0.37 4.20 4.50 4.55 0.00 0.10 Nov 0.08 0.43 4.30 4.65 4.70 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). November 2016 WASDE - 559 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 10.64 207.33 60.36 202.18 64.01 12.13 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.41 166.45 60.06 172.90 52.12 11.89 Major Exporters 3/ 7.15 67.67 0.03 22.84 44.04 7.96 Argentina 4.07 30.93 0.00 2.40 28.58 4.03 Brazil 2.48 31.30 0.02 15.70 14.39 3.71 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.44 15.04 35.94 50.15 0.70 1.57 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.10 2.67 15.08 17.25 0.34 1.26 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.13 216.61 62.24 214.41 65.58 10.99 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 11.89 176.09 61.87 184.38 54.73 10.75 Major Exporters 3/ 7.96 68.79 0.07 23.57 45.88 7.37 Argentina 4.03 33.15 0.00 2.63 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.23 4.76 0.05 4.75 0.15 0.14 Major Importers 4/ 1.57 16.52 36.43 52.90 0.68 0.94 European Union 0.25 11.69 19.30 30.79 0.30 0.15 Southeast Asia 5/ 1.26 3.11 15.41 18.66 0.38 0.74 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 11.37 226.68 66.46 225.52 69.40 9.58 Nov 10.99 226.48 65.81 225.20 68.82 9.26 United States Oct 0.27 41.98 0.30 31.12 11.16 0.27 Nov 0.24 41.56 0.30 30.94 10.89 0.27 Total Foreign Oct 11.10 184.70 66.16 194.41 58.25 9.31 Nov 10.75 184.93 65.51 194.26 57.94 8.98 Major Exporters 3/ Oct 7.49 71.78 0.02 24.05 49.50 5.74 Nov 7.37 71.78 0.02 24.50 49.10 5.58 Argentina Oct 4.35 34.35 0.00 2.48 32.80 3.42 Nov 4.23 34.35 0.00 2.78 32.70 3.10 Brazil Oct 3.01 31.35 0.02 16.60 15.80 1.98 Nov 3.01 31.35 0.02 16.75 15.50 2.13 India Oct 0.13 6.08 0.00 4.97 0.90 0.34 Nov 0.14 6.08 0.00 4.97 0.90 0.35 Major Importers 4/ Oct 1.09 15.83 40.55 55.55 0.73 1.20 Nov 0.94 15.82 40.20 55.05 0.73 1.18 European Union Oct 0.19 10.90 21.15 31.69 0.35 0.20 Nov 0.15 10.90 20.95 31.44 0.35 0.21 Southeast Asia 5/ Oct 0.76 3.27 17.50 20.29 0.38 0.86 Nov 0.74 3.25 17.45 20.19 0.38 0.88 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. November 2016 WASDE - 559 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.66 49.06 9.99 47.93 11.09 3.70 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.13 39.35 9.87 39.33 10.18 2.86 Major Exporters 3/ 0.99 18.03 0.29 10.72 7.61 0.98 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.27 1.51 0.38 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.32 15.02 5.21 20.31 0.18 1.08 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.21 2.80 4.06 0.00 0.20 North Africa 5/ 0.11 0.47 1.64 2.05 0.07 0.10 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.70 51.76 11.84 51.63 11.81 3.85 United States 0.84 9.96 0.13 9.13 1.02 0.78 Total Foreign 2.86 41.80 11.71 42.50 10.79 3.08 Major Exporters 3/ 0.98 18.90 0.39 11.02 8.20 1.05 Argentina 0.35 8.43 0.00 2.76 5.70 0.33 Brazil 0.38 7.66 0.07 6.27 1.55 0.29 European Union 0.24 2.81 0.33 2.00 0.95 0.43 Major Importers 4/ 1.08 15.95 6.97 22.69 0.17 1.13 China 0.78 14.57 0.59 15.25 0.10 0.59 India 0.20 1.06 4.36 5.20 0.00 0.42 North Africa 5/ 0.10 0.32 2.02 2.24 0.07 0.13 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Oct 3.70 53.70 11.09 53.19 11.73 3.58 Nov 3.85 53.65 11.39 53.61 11.73 3.56 United States Oct 0 . 7 9 1 0 . 2 20 . 1 19 . 3 21 . 0 20 . 7 8 Nov 0 . 7 8 1 0 . 1 10 . 1 19 . 2 80 . 9 80 . 7 5 Total Foreign Oct 2.91 43.49 10.98 43.87 10.71 2.80 Nov 3.08 43.54 11.28 44.33 10.76 2.81 Major Exporters 3/ Oct 0.91 18.81 0.30 11.09 8.01 0.92 Nov 1.05 18.81 0.29 11.17 8.06 0.92 Argentina Oct 0.29 8.44 0.01 2.82 5.61 0.31 Nov 0.33 8.44 0.00 2.82 5.61 0.34 Brazil Oct 0.29 7.75 0.04 6.32 1.50 0.26 Nov 0.29 7.75 0.04 6.32 1.50 0.26 European Union Oct 0.33 2.62 0.25 1.95 0.90 0.35 Nov 0.43 2.62 0.25 2.03 0.95 0.32 Major Importers 4/ Oct 1.06 17.41 6.05 23.29 0.19 1.04 Nov 1.13 17.41 6.46 23.74 0.19 1.07 China Oct 0.62 15.50 0.82 16.20 0.11 0.63 Nov 0.59 15.50 0.82 16.20 0.11 0.60 India Oct 0.36 1.35 3.60 5.00 0.00 0.31 Nov 0.42 1.35 4.00 5.40 0.00 0.37 North Africa 5/ Oct 0.09 0.55 1.63 2.09 0.08 0.10 Nov 0.13 0.55 1.64 2.14 0.08 0.11 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. November 2016 WASDE - 559 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,979 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,975 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,039 53.0 II 6,187 5,962 12,206 10,253 1,520 11,911 24,117 2,077 54.4 III 6,468 6,099 12,621 10,333 1,515 11,989 24,610 2,112 52.6 IV* 6,465 6,655 13,175 10,100 1,550 11,780 24,955 2,145 52.5 Annual Oct Proj. 24,967 24,912 50,104 40,742 6, 060 47,335 97,439 8,376 212.7 Nov Proj. 25,055 24,946 50,224 40,725 6, 020 47,289 97,513 8,373 212.5 2017 I* 6,140 6,440 12,637 10,150 1,445 11,725 24,362 2,115 53.7 II* 6,600 6,150 12,809 10,450 1,525 12,118 24,927 2,120 55.6 III* 6,730 6,385 13,171 10,600 1,550 12,292 25,463 2,130 53.8 Annual Oct Proj. 25,880 25,865 51,979 41,650 6,135 48,340 100,319 8,570 217.3 Nov Proj. 26,160 25,800 52,190 41,550 6,135 48,240 100,430 8,540 217.0 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV* 102-106 34-36 72-74 118-122 74-76 16.80-17.10 Annual Oct Proj. 121.94 46.15 83.8 118.5 85.3 15.80-15.90 Nov Proj. 119.94 45.65 83.1 118.0 84.0 16.00-16.10 2017 I* 102-108 36-38 76-80 108-114 68-72 16.65-17.25 II* 102-110 39-43 79-85 108-118 86-94 15.95-16.85 III* 102-110 43-47 79-85 113-123 93-101 16.35-17.35 Annual Oct Proj. 112-121 39-43 78-85 111-120 93-100 15.55-16.45 Nov Proj. 102-110 38-42 77-84 111-120 88-95 16.30-17.20 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. November 2016 WASDE - 559 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,371 27,721 2,265 683 24,773 53.9 2016 Proj. Oct 683 25,031 3,020 28,734 2,470 630 25,634 55.4 Nov 683 25,119 3,011 28,813 2,459 700 25,654 55.4 2017 Proj. Oct 630 25,944 2,680 29,254 2,630 600 26,024 55.8 Nov 700 26,224 2,680 29,604 2,630 600 26,374 56.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,116 26,191 5,009 590 20,593 49.7 2016 Proj. Oct 590 24,928 1,140 26,657 5,193 625 20,839 49.9 Nov 590 24,962 1,106 26,657 5,179 625 20,853 49.9 2017 Proj. Oct 625 25,881 1,160 27,666 5,400 635 21,631 51.4 Nov 625 25,816 1,095 27,536 5,440 635 21,461 51.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,700 54,410 7,279 1,320 45,810 104.8 2016 Proj. Oct 1,320 50,194 4,379 55,893 7,668 1,301 46,924 106.5 Nov 1,320 50,314 4,333 55,967 7,644 1,369 46,955 106.6 2017 Proj. Oct 1,301 52,069 4,028 57,398 8,038 1,280 48,080 108.4 Nov 1,369 52,280 3,963 57,612 8,078 1,279 48,255 108.7 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 131 40,431 6,321 832 33,277 88.9 2016 Proj. Oct 832 40,306 131 41,269 6,565 800 33,904 89.9 Nov 832 40,289 127 41,248 6,666 760 33,822 89.6 2017 Proj. Oct 800 41,204 132 42,136 6,895 715 34,526 90.9 Nov 760 41,105 132 41,997 6,925 715 34,357 90.4 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,866 529 201 5,136 16.0 2016 Proj. Oct 201 6,060 48 6,309 565 240 5,504 17.0 Nov 201 6,020 49 6,270 575 240 5,455 16.8 2017 Proj. Oct 240 6,135 40 6,415 630 250 5,535 17.0 Nov 240 6,135 40 6,415 630 250 5,535 17.0 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,823 6,995 1,041 38,787 106.0 2016 Proj. Oct 1,041 46,898 182 48,121 7,275 1,049 39,797 108.0 Nov 1,041 46,852 178 48,071 7,388 1,009 39,674 107.7 2017 Proj. Oct 1,049 47,894 174 49,117 7,665 974 40,478 109.1 Nov 1,009 47,795 174 48,978 7,695 974 40,309 108.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,877 101,232 14,273 2,361 84,598 210.8 2016 Proj. Oct 2,361 97,092 4,561 104,014 14,943 2,350 86,721 214.5 Nov 2,361 97,166 4,510 104,038 15,032 2,378 86,629 214.3 2017 Proj. Oct 2,350 99,963 4,202 106,515 15,703 2,254 88,558 217.5 Nov 2,378 100,075 4,137 106,590 15,773 2,253 88,564 217.4 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. November 2016 WASDE - 559 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Oct Nov Oct Nov Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.0 7,974.7 8,375.9 8,373.3 8,570.0 8,540.0 Imports 34.7 123.5 104.7 102.1 60.0 60.0 Total Supply 8,488.7 8,121.5 8,511.7 8,506.5 8,657.0 8,627.0 Use Exports 378.5 313.6 263.4 275.4 295.0 295.0 Hatching Use 980.6 995.6 1,012.0 1,007.3 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,106.2 6,781.2 7,209.3 7,196.8 7,295.0 7,265.0 Per Capita (number) 267.1 252.9 266.9 266.5 268.2 267.1 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Oct Nov Oct Nov Milk Billion Pounds Production 206.1 208.6 212.7 212.5 217.3 217.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.5 13.4 Marketings 205.1 207.7 211.7 211.5 216.4 216.0 Imports 4.3 5.7 7.2 7.2 7.1 7.1 Total Cml. Supply 220.6 224.6 232.2 232.0 236.9 236.4 Fat Basis Use Commercial Exports 12.4 8.8 9.0 8.7 9.1 8.9 Ending Commercial Stocks 11.2 13.3 13.5 13.4 12.8 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.7 209.9 215.0 214.7 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.5 13.5 Marketings 205.1 207.7 211.7 211.5 216.4 216.0 Imports 5.6 6.0 6.7 6.6 6.4 6.4 Total Cml. Supply 222.4 226.7 232.2 231.9 236.2 235.8 Skim-solid Basis Use Commercial Exports 39.0 37.3 38.5 38.4 39.7 39.7 Ending Commercial Stocks 13.1 13.9 13.5 13.5 13.2 13.2 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 180.2 180.0 183.3 182.9 Total Note: Totals may not add due to rounding. November 2016 WASDE - 559 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Oct Nov Oct Nov Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.550- 1.5601.590- 1.6001.510- 1.600 1.610- 1.700 Butter 2.1361 2.0670 2.040- 2.0702.035- 2.0651.855- 1.975 1.810- 1.930 Nonfat Dry Milk 1.7682 0.9016 0.825- 0.8450.820- 0.8400.925- 0.995 0.930- 1.000 Dry Whey 0.6538 0.3804 0.270- 0.2800.280- 0.2900.330- 0.360 0.360- 0.390 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 14.30- 14.4014.70- 14.8014.20- 15.10 15.30- 16.20 Class IV 22.09 14.35 13.60- 13.8013.55- 13.7513.70- 14.70 13.55- 14.55 All Milk 3/ 23.97 17.12 15.80- 15.9016.00- 16.1015.55- 16.45 16.30- 17.20 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. November 2016 WASDE - 559 - 35 Reliability of November Projections 1/ Note: Tables on pages 35-37 present a record of the November projection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1 .2 percent. Chances are 9 out of 10 (90% confidence level) that th e difference will not exceed 2.1 per cent. The aver age difference betw een the November projection and t he final estimate is 5.4 million tons, ranging from 0.1 million to 18.1 million tons. The November proj ection has been below the estimate 26 times and above 9 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 1.2 2.1 5.4 0.1 18.1 26 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 11 Forei gn 1.4 2.3 5.4 0.0 18.2 26 9 Exports Worl d 5.8 9.9 6.1 0.2 19.2 29 6 U.S. 7.4 12.5 1.9 0.2 8.6 16 19 Forei gn 7.2 12.2 5.9 0.3 17.2 31 4 Domestic Use Worl d 1.4 2.3 5.9 0.0 18.8 21 13 U.S. 5.9 10.0 1.6 0.1 3.6 11 24 Forei gn 1.4 2.4 6.0 0.5 21.1 24 11 Endin g Stocks Worl d 6.4 10.8 7.8 0.9 23.1 26 9 U.S. 11.4 19.3 2.0 0.2 7.0 21 14 Forei gn 6.6 11.2 6.6 0.8 22.7 26 9 COARSE GRAINS 2/ Production Worl d 1.5 2.6 12.1 0.2 29.0 27 8 U.S. 1.3 2.3 2.4 0.0 7.5 18 17 Forei gn 2.1 3.6 12.0 0.2 28.2 27 8 Exports Worl d 6.8 11.6 6.5 0.1 29.7 24 11 U.S. 16.2 27.4 5.8 0.4 14.7 17 18 Forei gn 12.5 21.2 6.5 0.3 23.5 23 12 Domestic Use Worl d 1.3 2.2 10.2 0.2 23.3 20 15 U.S. 3.8 6.4 5.3 0.2 17.2 18 17 Forei gn 1.5 2.5 8.8 0.3 26.5 22 13 Endin g Stocks Worl d 12.9 22.0 13.1 0.3 39.6 29 6 U.S. 20.9 35.6 7.8 0.6 23.9 20 15 Forei gn 16.9 28.7 11.3 0.2 31.1 31 4 RICE , milled Production Worl d 2.2 3.7 5.8 0.1 16.8 29 6 U.S. 2.9 4.9 0.1 0.0 0.5 18 15 Forei gn 2.2 3.7 5.8 0.2 16.9 29 6 Exports Worl d 9.3 15.8 1.6 0.1 6.0 28 7 U.S. 9.3 15.8 0.2 0.0 0.7 19 13 Forei gn 10.7 18.1 1.6 0.0 6.0 26 9 Domestic Use Worl d 1.8 3.0 4.2 0.1 17.5 28 7 U.S. 8.3 14.0 0.2 0.0 0.6 17 18 Forei gn 1.8 3.0 4.2 0.0 17.7 29 6 Endin g Stocks Worl d 11.0 18.6 5.1 0.1 24.6 28 7 U.S. 23.2 39.4 0.2 0.0 0.8 22 13 Forei gn 11.4 19.3 5.1 0.1 24.4 28 7 1/ Footnotes at end of table. CONTINUED November 2016 WASDE - 559 - 36 Reliability of November Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.0 6.9 5.6 0.1 25.1 21 14 U.S. 2.2 3.7 1.1 0.1 4.2 15 20 Foreign 6.7 11.4 5.5 0.0 26.4 19 16 Exports World 7.4 12.6 3.2 0.0 13.4 22 13 U.S. 10.4 17.6 2.3 0.1 7.1 23 12 Foreign 18.9 32.0 2.7 0.1 11.7 17 18 Domestic Use World 3.0 5.0 4.0 0.0 14.2 21 14 U.S. 3.7 6.3 1.3 0.0 3.8 24 11 Foreign 3.7 6.2 3.7 0.2 12.8 21 14 Ending Stocks World 16.8 28.5 4.3 0.0 18.4 20 15 U.S. 49.7 84.3 2.3 0.1 7.3 8 27 Foreign 17.7 30.1 3.6 0.1 12.8 21 14 COTTON Million 480-Pound Bales Production World 3.7 6.2 2.6 0.1 9.3 22 13 U.S. 2.9 4.9 0.4 0.0 0.9 18 16 Foreign 4.3 7.3 2.5 0.1 8.9 22 13 Exports World 8.0 13.5 2.0 0.1 10.3 22 13 U.S. 17.5 29.8 1.0 0.1 3.2 21 14 Foreign 10.6 18.0 1.6 0.0 8.9 18 16 Domestic Use World 3.4 5.8 2.5 0.0 11.1 16 18 U.S. 7.3 12.4 0.3 0.0 1.1 19 16 Foreign 3.5 5.9 2.4 0.0 10.6 17 18 Ending Stocks World 12.2 20.7 4.7 0.3 14.6 22 13 U.S. 30.5 51.8 1.1 0.1 3.5 12 23 Foreign 13.1 22.2 4.5 0.0 15.1 24 11 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. November 2016 WASDE - 559 - 37 Reliability of United States November Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 1.3 2.3 88 0 250 18 16 Exports 16.7 28.3 202 9 575 16 19 Domestic Use 4.0 6.8 206 3 574 22 13 Ending Stocks 23.8 40.4 307 17 986 18 17 SORGHUM Production 4 . 2 7 . 21 5 15 31 71 8 Exports 20.4 34.7 33 0 123 21 13 Domestic Use 19.0 32.2 35 0 127 17 17 Ending Stocks 48.0 81.4 25 2 104 12 23 BARLEY Production 1.5 2.6 4 0 24 14 10 Exports 31.7 53.7 10 0 37 14 18 Domestic Use 6.8 11.5 17 0 70 13 21 Ending Stocks 12.9 21.9 13 0 38 23 10 OATS Production 1 . 1 1 . 920 1 879 Exports 7 4 . 8 1 2 6 . 91078 1 0 Domestic Use 5 . 0 8 . 51 2 13 91 52 0 Ending Stocks 21.1 35.7 14 1 52 22 13 SOYBEAN MEAL Thousand Short Tons Production 3.6 6.1 1,032 14 3,250 23 12 Exports 11.7 19.9 701 0 3,600 19 13 Domestic Use 3.5 5.9 734 30 2,350 16 19 Ending Stocks 29.2 49.6 45 0 249 13 13 SOYBEAN OIL Million Pounds Production 4.0 6.7 516 40 2,240 25 10 Exports 29.4 49.9 350 0 1,425 18 16 Domestic Use 3.9 6.6 451 56 1,828 23 12 Ending Stocks 23.9 40.5 352 0 1,077 18 16 ANIMAL PROD. 3/ Million Pounds Beef 3.9 6.5 790 92 2,461 24 10 Pork 3.3 5.6 430 2 1,592 20 14 Broilers 1.9 3.3 422 17 1,394 21 13 Turkeys 3.5 5.9 137 2 444 21 13 Million Dozen Eggs 2.0 3.3 104 2 513 23 11 Billion Pounds Milk 1.6 2.7 1.8 0.0 6.0 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1982 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2015. WASDE-559-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 19 0 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-559 – November 9, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554 -9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 597 Approved by the World Agricultura l Outlook Board February 11, 2020 WHEAT: The outlook for 2019/20 U.S. wheat is for stable supplies, increased exports , and decreased ending stocks. The only supply or use category that was changed this month was a 25 million bushel increase in exports reflecting growing competitiveness in international markets . Ending stocks are cut by a corresponding amount and are now forecast to total 940 million bushels, a five -year low. Global wheat supplies are lowered fractionally on small and mostly offsetting changes to beginning stocks and production. World exports are increased 1.8 million tons led by a 1.0- million -ton increase for the EU on strong ship ments and more competitive prices. Kazakhstan is raised 0.8 million tons, also on a fast export pace. United States is increased 0.7 million tons and is projected to have the largest export s in three years. Partly offsetting are export reductions of 0.5 million tons for Canada and 0.3 million tons for Pakistan. World imports for 2019/20 are raised 1.9 million tons led by a 0.8- million -ton increase for China and a 0.7 -million -ton increase for Turkey, both on a strong pace to date. There are also several histor ical revisions for trade, consumption, and ending stocks reflecting updated export data, particularly for Pakistan. For the 2019/20 market year, global consumption and ending stocks are lowered fractionally though world ending stocks remain record large. COARSE GRAINS: This month’s 20 19/20 U.S. corn ou tlook is little changed relative to last month, with offsetting changes to exports and corn used for ethanol . Exports are lowered 50 million bushels, reflecting the slow pace of shipments through January . Offsetting is a 50 million bushel increase in corn used for ethanol, based on Grain Crushings and Co- Products Production data through December and the robust pace of weekly ethanol production data as reported by the Energy Information Administrati on during the month of January. With no other use changes , U.S. c orn ending stocks are unchanged from last month. The season - average corn price received by producers is also unchanged at $3.85 per bushel . Global coarse grain production for 2019 /20 is projected 0.9 million tons higher to 1,402.7 million. This month’s foreign coarse grain outlook is for larger production and consumption , and lower stocks relative to last month. Global corn production is raised 0.8 million tons , with increases for South Africa, Moldova, and Ukraine more than offsetting a reduction for Vietnam. For South Africa, production is higher as time ly rainfall during the month of January improve s yield prospects. Major global trade changes for 20 19/20 include higher projec ted corn exports for South Africa, Ukraine, and the EU , with a largely offsetting reduction for the United States . Corn imports are raised for Turkey and Brazil, with the latter reflecting larger -than-expected shipments to livestock production areas in the southern part of the country . Foreign corn ending stocks are down from last month, mostly reflecting reductions for Vietnam, Brazil, WASDE- 597-2 Paraguay, and the EU . Global corn ending stocks , at 2 96.8 million tons, are down 1.0 million from last month. RICE : This month’s outlook for 2019/20 U.S. rice is for increased imports , higher exports , and larger ending stocks. All rice imports are raised 2.4 million cwt to a record 32.5 million on an extremely fast pace so far in the market year. Long- grain imports are raised 1.5 million cwt consisting largely of fragrant varieti es from Asia. Combined medium - and short -grain imports are raised 0.9 million cwt on continued imports from China . Total rice exports are raised 1.0 million cwt (all long -grain) re flecting a strong pace of shipments so far in the market year and an abnor mally large outstanding sales balance. All rice ending stocks are raised 1.4 million cwt to 30.0 million and the season- average farm price is lowered $0.20 per cwt to $13.00 , still the highest price in 5 years. Global 2019/20 rice supplies are raised f ractionally with higher beginning stocks mostly offset by lower production. Global exports are lowered 0.8 million tons led by a 0.6- million -ton decrease for India reflecting a slow ing pace. Global imports are down 0.4 million tons and world consumption is down 0.9 million ; both reflecting several downward revisions . With supplies higher and consumption lower, global ending stocks are raised 1.0 million tons to a record high 1 78.1 million. OILSEEDS : This month’s 2019/ 20 U.S. soybean outlook is for increased exports and lower ending stocks. Soybean exports for 2019/ 20 are projected at 1.825 billion bushels, up 50 million from last month partly reflecting increased imports for China. With soybean crush unchanged, soybean ending stocks are reduced 50 m illion bushels to 425 million. The U.S. season -average soybean price for 2019/20 is forecast at $8. 75 per bushel, down 25 cents reflecting reported prices to date . The soybean oil price forecast is lowered 0.5 cents to 33.5 cents per pound. The soybe an meal price forecast is unchanged at $305.00 per short ton. This month’s 2019/20 global oilseed outlook includes higher production, trade, and stocks relative to last month. Global oilseed production is raised 2.2 million tons to 576.8 million, with higher soybean, sunflowerseed, and cottonseed production. Partly offsetting is lower palm kernel production. Soybean production for Brazil is increased 2 million tons to 125 million due to favorable weather in Mato Grosso as well as improved rainfall in southern and northeastern soybean areas. Sunflowerseed production is increased for Ukraine on a higher yield. Palm kernel and palm oil production are reduced for Malaysia and Indonesia on current production to date and dry weather conditions throughout t he past year. Global 2019/20 oilseed exports are raised mainly on a 2.4-million -ton increase to soybean trade. China’s soybean imports are increased 3 million tons to 88 million reflecting higher soybean crush. Correspondingly, soybean exports are incre ased for the United States, Brazil, and Ukraine. Global soybean ending stocks are 2.2 million tons higher than last month, with higher stocks for China and Brazil. SUGAR: Mexico sugar production for 2019/20 is projected at 5.672 million metric tons (MT) , a reduction of 99,994 from last month. This forecast matches the survey -based estimate made by CONADESUCA on February 5. Imports and domestic deliveries are un changed. Ending stocks are increased slightly to reflect 2.5 months of forecast domestic sugar use WASDE- 597-3 before the start of the 2020/21 sugarcane harvest. These changes of 101,388 MT flow through to a reduction of forecast exports. Exports outside of those shipments under license to the United States are reduced to 32,951 MT, an amount estimated by CONADESUCA that is equal to exports through January 26. Exports to the United States are reduced by 94,296 MT to 1.469 million. Total U.S. supply for 2019/20 is reduced by 33,694 short tons, raw value (STRV) on lower forecast imports . Imports from Mex ico are reduced 110,180 STRV to 1.717 million. TRQ imports are increased by 70,486 STRV to 1.674 million. This increase reflects the USTR reallocation of unused country -specific quota allocations for the fiscal year 2019/20 WTO raw sugar TRQ announced on February 6. The resulting raw sugar WTO shortfall is projected at 40,000 STRV. There are no changes to use. Ending stocks are projected at 1.516 million STRV, implying an ending stocks -to-use ratio of 12.36 percent, down from 12.69 percent last month. LIVESTOCK, POULTRY, AND DAIRY : The 20 20 forecast for total red meat and poultry production is raised from last month on higher forecast beef, pork, and broiler production . The beef production forecast is raised from the previous month on higher cattle s laughter and heavier cattle weights in the first half of the year . However, the forecasts for second half beef production is reduced on lower anticipated steer and heifer slaughter in the second half of the year . This reflects a smaller number of cattle outside feedlots implied by the January 1 Cattle report which results in lower placements during 2020 . Pork production is raised on higher expected hog slaughter and heavier carcass weights . Broiler production is raised on recent hatchery data which shows continued growth in the laying flock . The turkey production forecast is decreased as hatchery data points toward slower expected production growth. Forecast egg production is increased. Estimates of 2019 red meat , poultry , and egg production are adjust ed to reflect December data. For 2020, the beef export forecast is lowered slightly reflecting weakness in several markets , but no change is made to the beef import forecast. The p ork export forecast is raised from last month on expected robust global d emand. The t urkey export forecast is red uced from last month. Broiler and egg trade forecasts are unchanged for 2020. Livestock, poultry and egg trade estimates for 20 19 are adjusted to reflect December trade data. Fed-cattle prices for the first quarter of 2020 are lowered from last month on recent price s. Hog price forecasts are reduced from last month on increased production. Broiler, turkey , and egg price forecasts are raised from the previous month as demand remains strong. The milk production forecast for 20 20 is unchanged from last month. The 20 20 fat basis export and import forecasts are unchanged from the previous month. On a skim -solids basis, the import forecast is unchanged while the export forecast is raised on the strength of internat ional demand for nonfat dry milk/skim milk powder . Dairy s upply and use estimates for 2019 are adjusted to reflect December data. Annual p roduct price forecasts for cheese and butter are lowered from the previous month as demand remains relatively weak. The 2020 nonfat dry milk forecast is unchanged whil e the whey price forecast is raised from last month. The Class III price is reduced on the lower cheese price forecast while t he Class IV price is reduced, reflecting a lower butter price forecast . The 2020 all milk price forecast is reduced to $ 18.85 per cwt. WASDE- 597-4 COTTON : The U.S. cotton estimates for 2019/20 are unchanged, except for a 1 cent -per- pound reduction in the season -average upland farm price, to 62 cents , 8.3 cents lower than in 2018/19. The 2019/20 world cotton forecasts include a 2.5 -million -bale increase in ending stocks, driven by both larger production and lower consumption. A 1- million -bale decline in China’s expected consumption is the largest single change this month: consumption is l ower despite the positive impact of the U.S. -China trade agreement , due in part to the negative economic effects of the novel coronavirus outbreak . Consumption is also projected lower in Vietnam but higher in Pakistan and Turkey. Production in Brazil in 2018/19 is revised upward by 480,000 bales reflecting higher production in Mato Grosso. Pakistan, Brazil, and Tanzania production in 2019/20 is revised upward. Total production changes this month come to a 1.3- million -bale global increase, while total consumption changes net to a 1.2- million -bale reduction. Approved by the Secretary of Agriculture and t he Acting- Chairman of the World Agricultural Outlook Board, Mark Jekanowski , (202) 720 -6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: STEPHEN CENSKY SECRETARY OF AGRICULTURE DESIGNATE WASDE- 597-5 Join us on February 20 -21, 2020 for USDA’s 96th Outlook Forum USDA’s Oldest and Largest Annual Gathering Register today See the Forum's Program 'At a Glance' WASDE- 597-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, [email protected] Jennifer Bond, ERS; Andrew Sowell, F AS; Pete Riley, FPAC. Rice: William Chambers, ICEC Chair, WAOB, [email protected] Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected] Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC. Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected] Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC. Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected] Leslie Meyer, ERS; James J ohnson, FAS; Kent Lanclos , FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, F PAC. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected] Sherry Wise, AMS; Mildre d Haley, ERS; Lindsay Kuberka, FAS ; Georgi Gabrielyan, FPAC. Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected] Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS ; Georgi Gabrielyan, FPAC. Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected] Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC. In 2020, the WASDE report will be released on Mar 10, Apr 9, May 12, June 11, July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE- 597-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................. 1 Interagency Commodity Estimates Committees .................................................... 6 World & U.S. Supply & Use for Grains .................................................................. 8 World & U.S. Supply & Use for Cotton .................................................................. 9 World & U.S. Supply & Use for Oilseeds ............................................................ 10 U.S. Wheat Supply & Use .................................................................................. 11 U.S. Wheat Supply & Use by Class .................................................................... 11 U.S. Feed Grain & Corn Supply & Use ............................................................... 12 U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13 U.S. Rice Supply & Use ..................................................................................... 14 U.S. Soybeans & Products Supply & Use ........................................................... 15 U.S. Sugar Supply & Use ................................................................................... 16 Mexico Sugar Supply and Use ........................................................................... 16 U.S. Cotton Supply & Use .................................................................................. 17 World Whea t Supply & Use ................................................................................ 18 World Coarse Grains Supply & Use .................................................................... 20 World Corn Supply & Use .................................................................................. 22 World Rice Supply & Use ................................................................................... 24 World Cotton Supply & Use ................................................................................ 26 World Soybean Supply & Use ............................................................................ 28 World Soybean Meal Supply & Use .................................................................... 29 World Soybean Oil Supply & Use ....................................................................... 30 U.S. Quarterly Animal Product Production .......................................................... 31 U.S. Quarterly Prices for Animal Products .......................................................... 31 U.S. Meats Supply and Use ............................................................................... 32 U.S. Egg Supply & Use ...................................................................................... 33 U.S. Milk Supply and Use .................................................................................. 33 U.S. Dairy Prices ............................................................................................... 34 Reliability Tables ................................................................................................ 35 Related USDA Reports ...................................................................................... 38 Metric Conversion Factors ................................................................................. 38 Electroni c Access and Subscriptions ...................................................................... 40 February 2020 WASDE - 597 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Output Total Supply Trade 2/ Total Use 3/ Ending Stocks Total Grains 4/ 2017/18 2619.0 5 3417.27 414.92 2599.98 817.29 2018/19 (Est.) 2626.23 3443.52 429.78 2642.79 800.74 filler filler filler filler filler 2019/20 (Proj.) Jan 2662.86 3462.64 427.68 2669.81 792.83 2019/20 (Proj.) Feb 2662.87 3463.61 428.82 2670.86 792.75 filler filler filler filler filler Wheat 2017/18 762.88 1025.58 182.47 741.75 283.83 2018/19 (Est.) 731.45 1015.28 173.54 737.01 278.27 filler filler filler filler filler 2019/20 (Proj.) Jan 764.39 1042.45 181.07 754.37 288.08 2019/20 (Proj.) Feb 763.95 1042.22 182.82 754.19 288.03 filler filler filler filler filler Coarse Grains 5/ 2017/18 1361.34 1746.97 185.23 1376.07 370.90 2018/19 (Est.) 1395.60 1766.49 212.53 1419.03 347.47 filler filler filler filler filler 2019/20 (Proj .) Jan 1401.80 1749.14 201.03 1421. 44 327.70 2019/20 (Proj.) Feb 1402.70 1750.17 201.19 1423.54 326.63 filler filler filler filler filler Rice, milled 2017/18 494.83 644.73 47.22 482.16 162.57 2018/19 (Est.) 499.18 661.75 43.71 486.75 175.00 filler filler filler filler filler 2019/20 (Proj.) Jan 496.67 671.05 45.59 494.00 177.05 2019/20 (Proj.) Feb 496.22 671.22 44.81 493.13 178.09 filler filler filler filler filler United States Output Total Supply Trade 2/ Total Use 3/ Endin g Stocks Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76 2018/19 (Est.) 436.32 532.31 83.39 357.64 91.28 filler filler filler filler filler 2019/20 (Proj.) Jan 419.31 517.79 77.90 361.03 78.86 2019/20 (Proj.) Feb 419.31 517.87 77.37 362.43 78.08 filler filler filler filler filler Wheat 2017/18 47.38 83.81 24.66 29.25 29.91 2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39 filler filler filler filler filler 2019/20 (Proj.) Jan 52.26 84.50 26.54 31.71 26.26 2019 /20 (Proj.) Feb 52.26 84.50 27.22 31.71 25.58 filler filler filler filler filler Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92 2018/19 (Est.) 377.91 438.46 54.94 323.05 60.47 filler filler filler filler filler 2019/20 (Proj.) Jan 361.19 425.05 48.26 325.10 51.69 2019/20 (Proj.) Feb 361.19 425.05 47.01 326.50 51.54 filler filler filler filler filler Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93 2018/19 (Est.) 7.11 8.96 2.97 4.57 1.42 filler filler filler filler filler 2019/20 (Proj.) Jan 5.86 8.24 3.11 4.22 0.91 2019/20 (Proj.) Feb 5.86 8.32 3.14 4.22 0.95 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treat ment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. exclude s millet and mixed grains). February 2020 WASDE - 597 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Output Total Supply Trade 2/ Total Use Ending Stocks Total Grain s 4/ 2017/18 2,181.62 2,875.9 9 320.34 2,242.03 728.53 2018/19 (Est.) 2,189.91 2,911.22 346.38 2,285.15 709.46 filler filler filler filler filler 2019/20 (Proj.) Jan 2,243.55 2,944.85 349.78 2,308.79 713.97 2019/20 (Proj.) Feb 2,243.56 2,945 .74 351.46 2,308.43 714.67 filler filler filler filler filler Wheat 2017/18 715.50 941.77 157.82 712.50 253.93 2018/19 (Est.) 680.15 930.40 148.07 706.99 248.89 filler filler filler filler filler 2019/20 (Proj.) Jan 712.13 957.95 154.53 722.66 261.82 2019/20 (Proj.) Feb 711.69 957.72 155.61 722.48 262.45 filler filler filler filler filler Coarse Grains 5/ 2017/18 976.95 1,297.49 118.07 1,051.67 312.98 2018/19 (Est.) 1,017.69 1,328.03 157.58 1,095.98 287.00 filler filler filler filler filler 2019/20 (P roj.) Jan 1,040.61 1,324.10 152.77 1,096.34 276.01 2019/20 (Proj.) Feb 1,041.51 1,325.12 154.19 1,097.04 275.09 filler filler filler filler filler Rice, milled 2017/18 489.17 636.73 44.45 477.86 161.63 2018/19 (Es t.) 492.08 652.79 40.74 482.1 8 173.58 filler filler filler filler filler 2019/20 (Proj.) Jan 490.80 662.81 42.48 489.78 176.14 2019/20 (Proj.) Feb 490.35 662.90 41.66 488.90 177.14 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estima te. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oat s, rye, millet, and mixed grain s. World and U.S. Supply and Use for Cotton 1/ Million 480 -lb. Bales Output Total Supply Trade 2/ Total Use 3/ Ending Stocks World 2017/18 123.78 204.07 41.51 122.76 80.84 2018/19 (Est.) 118.60 199.44 41.35 120.19 79.99 filler filler filler filler filler 2019/20 (Proj.) Jan 120.48 200.01 43.85 120.22 79.59 2019/20 (Proj.) Feb 121.33 201.32 43.54 119.01 82.12 filler filler filler filler filler United States 2017/18 20.92 23.68 16.28 3.23 4.20 2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85 filler filler filler filler filler 2019/20 (Proj.) Jan 20.10 24.96 16.50 3.00 5.40 2019/20 (Proj.) Feb 20.10 24.96 16.50 3.00 5.40 filler filler filler filler filler Foreign 4/ 2017/18 102.86 180.39 25.24 119.54 76.64 2018/19 (Est.) 100.24 176.87 26.59 117.21 75.14 filler filler filler filler filler 2019/20 (Proj.) Jan 100.38 175.06 27.35 117.22 74.19 2019/20 (Proj.) Feb 101.23 176.36 27.04 116.01 76.72 filler filler filler filler filler 1/ Marketing y ear beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. February 2020 WASDE - 597 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 581.54 690.50 176.37 483.86 116.57 2018/19 (Est.) 597.23 713.81 170.63 489.19 129.16 filler filler filler filler filler 2019/20 (Proj.) Jan 574.63 703.17 171.60 496.69 112.32 2019/20 (Proj.) Feb 576.82 705.98 174.09 498.07 113.81 filler filler filler filler filler Oilmeals 2017/18 331.56 349.28 89.24 327.54 17.63 2018/19 (Est.) 333.06 350.69 93.69 330.67 16.57 filler filler filler filler filler 2019/20 (Proj.) Jan 338.88 354.55 94.38 337.05 15.28 2019/20 (Proj.) Feb 339.65 356.22 94.21 338.76 15.14 filler filler filler filler filler Vegetable O ils 2017/18 198.62 220.25 79.95 192.74 22.71 2018/19 (Est.) 203.19 225.90 85.30 201.13 21.68 filler filler filler filler filler 2019/20 (Proj.) Jan 206.50 227.93 88.46 204.69 19.58 2019/20 (Proj.) Feb 205.49 227.17 87.58 206.55 17.77 filler filler filler filler filler United States Output Total Supply Trade Total Use 2/ Ending Stocks Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83 2018/19 (Est.) 130.72 145.65 48.70 61.03 26.54 filler filler filler filler filler 2019/20 (Proj.) Jan 107.42 134.94 49.39 61.38 14.47 2019/20 (Proj.) Feb 107.42 134.94 50.77 61.38 13.10 filler filler filler filler filler Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56 2018/19 (Est.) 46.52 51.01 12.60 37.99 0.42 filler filler filler filler filler 2019/20 (Proj.) Jan 47.24 51.54 12.30 38.82 0.42 2019/20 (Proj.) Feb 47.21 51.56 12.29 38.87 0.40 filler filler filler filler filler Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24 2018/19 (Est.) 12.20 18.14 1.10 15.89 1.16 filler filler filler filler filler 2019/20 (Proj.) Jan 12.34 18.35 1.01 16.33 1.01 2019/20 (Proj.) Feb 12.29 18.32 1.10 16.18 1.04 filler filler filler filler filler Foreign 3/ Output Total Supply Trade Total Use 2/ Endin g Stocks Oilseeds 2017/18 450.06 548.00 117.06 423.69 102.74 2018/19 (Est.) 466.52 568.15 121.92 428.16 102.62 filler filler filler filler filler 2019/20 (Proj.) Jan 467.21 568.23 122.21 435.32 97.86 2019/20 (Proj.) Feb 469.40 571.04 123.32 436.69 100.70 filler filler filler filler filler Oilmeals 2017/18 284.54 298.11 76.23 289.93 17.07 2018/19 (Est.) 286.54 299.68 81.08 292.69 16.15 filler filler filler filler filler 2019/20 (Proj .) Jan 291.64 303.00 82.08 298.23 14.85 2019/20 (Proj.) Feb 292.43 304.66 81.92 299.89 14.74 filler filler filler filler filler Vegetable Oils 2017/18 186.51 202.12 78.60 177.20 21.47 2018/19 (Est.) 191.00 207.76 84.20 185.24 20.52 filler filler filler filler filler 2019 /20 (Proj.) Jan 194.15 209.59 87.45 188.36 18.57 2019/20 (Proj.) Feb 193.20 208.85 86.49 190.37 16.73 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct .-Sept. year. 2/ Crus h only for oi lseeds. 3/ Total Foreign is equal to World minus United States. February 2020 WASDE - 597 - 11 U.S. Wheat Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Milli on Acres Area Planted 46.1 47.8 45.2 45.2 Area Harvested 37.6 39.6 37.2 37.2 Bushels Yield per Harvested Acre 46.4 47.6 51.7 51.7 Million Bushels Beginning Stocks 1,181 1,099 1,080 1,080 Production 1,741 1,885 1,920 1,920 Imports 158 135 105 105 Supply, Total 3,080 3,119 3,105 3,105 Food 964 955 955 955 Seed 63 59 60 60 Feed and Residual 47 90 150 150 Domestic, Total 1,075 1,103 1,165 1,165 Exports 906 936 975 1,000 Use, Total 1,981 2,039 2,140 2,165 Ending S tocks 1,099 1,080 965 940 Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.55 4.55 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring Soft Red Winter White Durum Total Million Bushels 2018/19 (Est.) Beginning Stock s 581 191 205 87 35 1,099 Production 662 587 286 272 78 1,885 Supply, Total 3/ 1,248 846 495 365 165 3,119 Domestic Use 401 324 209 81 88 1,103 Exports 331 259 128 196 22 936 Use, Total 732 583 337 277 110 2,039 Ending Stocks, Total 516 263 158 88 55 1,080 2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080 Production 833 522 239 272 54 1,920 Supply, Total 3/ 1,354 835 402 365 149 3,105 Domestic Use 480 311 196 90 88 1,165 Exports 390 275 100 195 40 1,000 Use, Total 870 586 296 285 128 2,165 Ending Stocks, Total Feb 484 249 106 80 21 940 Ending Stocks, Total Jan 489 264 106 85 21 965 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2 / Marketing -year weighted average price received by farmers. 3/ Includes imports. February 2020 WASDE - 597 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Million Acres Area Planted 100.9 99.9 100.5 100.5 Area Harvested 90.5 89.2 89.2 89.2 Metric Tons Yield per Harvested Acre 4.24 4.24 4.05 4.05 Million Metric Tons Beginning Stocks 62.1 57.9 60.5 60.5 Production 384.1 377.7 360.9 360.9 Imports 2.7 2.3 3.1 3.1 Supply, Total 449.0 437.9 424.5 424.5 Feed and Residual 138.7 143.0 145.7 145.7 Food, Seed & Industrial 185.2 179.5 178.8 180.2 Domestic, Total 323.9 322.5 324.5 325.9 Exports 67.2 54.9 48.3 47.0 Use, T otal 391.1 377.5 372.8 372.9 Ending Stocks 57.9 60.5 51.7 51.5 CORN 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. January February Million Acres Area Planted 90.2 88.9 89.7 89.7 Area Harvested 82.7 81.3 81.5 81.5 Bushels Yield per Harv ested Acre 176.6 176.4 168.0 168.0 Million Bushels Beginning Stocks 2,293 2,140 2,221 2,221 Production 14,609 14,340 13,692 13,692 Imports 36 28 50 50 Supply, Total 16,939 16,509 15,962 15,962 Feed and Residual 5,304 5,432 5,525 5,525 Food, Seed & Indust rial 2/ 7,057 6,791 6,770 6,820 Ethanol & by -products 3/ 5,605 5,376 5,375 5,425 Domestic, Total 12,361 12,223 12,295 12,345 Exports 2,438 2,065 1,775 1,725 Use, Total 14,798 14,288 14,070 14,070 Ending Stocks 2,140 2,221 1,892 1,892 Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.85 3.85 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Ou tlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by- products including distillers' grains, corn gluten feed, corn glut en meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. February 2020 WASDE - 597 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2017/18 2018/19 Est. 2019/20 Proj . 2019/20 Proj. Jan Feb Million Bushels Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 5.6 5.7 5.3 5.3 Area Harvested (mil. acres) 5.0 5.1 4.7 4.7 Yield (bushels/acre) 71.7 72.1 73.0 73.0 Beginning Stocks 33 35 64 64 Production 362 365 341 341 Impor ts 2 0 0 0 Supply, Total 397 400 405 405 Feed and Residual 102 138 140 140 Food, Seed & Industrial 60 106 100 105 Total Domestic 162 244 240 245 Exports 200 93 120 120 Use, Total 362 336 360 365 Ending Stocks 35 64 45 40 Avg. Farm Price ($/bu) 2/ 3.22 3.26 3.40 3.35 Fil ler Fil ler Fil ler Fil ler Fil ler BARLEY 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.5 2.5 2.7 2.7 Area Harvested (mil. acres) 2.0 2.0 2.2 2.2 Yield (bushels/acre) 73.0 77.5 77.7 77.7 Beginning Stocks 106 94 87 87 Production 143 154 170 170 Imports 9 6 8 8 Supply, Total 259 254 264 264 Feed and Residual 7 15 25 25 Food, Seed & Industrial 152 148 146 146 Total Domes tic 159 162 171 171 Exports 5 5 4 5 Use, Total 164 167 175 176 Ending Stocks 94 87 89 88 Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.60 4.60 Fil ler Fil ler Fil ler Fil ler Fil ler OATS 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Pr oj. January Februar y Fil ler Fil ler Fil ler Fil ler Fil ler Area Planted (mil. acres) 2.6 2.7 2.8 2.8 Area Harvested (mil. acres) 0.8 0.9 0.8 0.8 Yield (bushels/acre) 61.7 64.9 64.3 64.3 Beginning Stocks 50 41 38 38 Production 50 56 53 53 Imports 89 87 95 95 Supply, Total 189 184 186 186 Feed and Residual 68 66 70 70 Food, Seed & Industrial 77 78 78 78 Total Domestic 146 144 148 148 Exports 2 2 2 2 Use, Total 148 146 150 150 Ending Stocks 41 38 36 36 Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing -year weighted average price received by farmers. February 202 0 WASDE - 597 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Million Acres Area Planted 2.46 2.95 2.54 2.54 Area Har vested 2.37 2.91 2.47 2.47 Fil ler Pounds Yield per Harvested Acre 7,507 7,692 7,471 7,471 Million Hundredweight Beginning Stocks 2/ 46.0 29.4 44.9 44.9 Production 178.2 223.8 184.7 184.7 Imports 27.5 29.0 30.1 32.5 Supply, Total 251.8 282.2 259.6 262.0 Domestic & Residual 3/ 135.4 143.8 133.0 133.0 Exports, Total 4/ 87.1 93.6 98.0 99.0 Rough 28.8 33.0 36.0 37.0 Milled (rough equiv.) 58.2 60.6 62.0 62.0 Use, Total 222.4 237.3 231.0 232.0 Ending St ocks 29.4 44.9 28.6 30.0 Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 12.90 12.60 13.20 13.00 Total LONG -GRAIN RICE 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. January February Harves ted Acres (mi l.) 1.75 2.18 1.73 1.73 Yield (pounds/acre) 7,314 7,517 7,261 7,261 Beginning Stocks 31.0 20.3 32.6 32.6 Production 127.9 163.6 125.6 125.6 Supply, Total 7/ 182.2 207.3 182.7 184.2 Domestic & Residual 3/ 98.6 109.0 99.0 99.0 Exports 8/ 63.2 65.7 70.0 71.0 Use, Total 161.9 174.7 169.0 170.0 Ending Stocks 20.3 32.6 13.7 14.2 Avg. Farm Price ($/cwt) 6/ 11.50 10.80 12.20 12.00 Fil ler Fil ler Fil ler Fil ler Fil ler MEDIUM & SHORT -GRAIN RICE 2017/18 2018/19 E s t. 2019/20 Pr oj. 2019/20 Proj. January February Harvested Acres (mil.) 0.63 0.73 0.74 0.74 Yield (pounds/acre) 8,048 8,209 7,960 7,960 Beginning Stocks 11.5 7.6 10.2 10.2 Production 50.4 60.3 59.1 59.1 Supply, Total 7/ 68.2 72.8 74.8 75.7 Dom estic & Residual 3/ 36.7 34.8 34.0 34.0 Exports 8/ 23.8 27.8 28.0 28.0 Use, Total 60.6 62.6 62.0 62.0 Ending Stocks 7.6 10.2 12.8 13.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 18.50 16.30 16.10 California 10/ 20.10 21.10 18.30 18.00 Other States 1/ 11.70 12.30 12.20 12.10 Fil ler Fil ler Fil ler Fil ler Fil ler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type und etermined ) not include d in estimates of ending stocks by type (in mil. cwt): 2015/16 -2.9; 2016/17-3.5; 2017/18 -3.5. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the diff erence in brokens betw een beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season -average- farm price (SAFP) largely reflects ric e that is marketed thr ough price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NAS S monthly prices and the final price may differ. For exampl e, the average differe nce between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15- 2017/18, with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning Oc tober 1. February 2020 WASDE - 597 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler Million Ac res Area Pl anted 90.2 89.2 76.1 76.1 Area Harvested 89.5 87.6 75.0 75.0 Fil ler Bushels Yield per Harvested Acre 49.3 50.6 47.4 47.4 Million Bushels Beginning Stocks 302 438 909 909 Production 4,412 4,428 3,558 3,558 Imports 22 14 15 15 Supply, Tota l 4,735 4,880 4,482 4,482 Crushings 2,055 2,092 2,105 2,105 Exports 2,134 1,748 1,775 1,825 Seed 104 88 96 96 Residual 5 43 32 32 Use, Total 4,297 3,971 4,008 4,058 Ending Stocks 438 909 475 425 Avg. Farm Price ($/bu) 2/ 9.33 8.48 9.00 8.75 Total SOYBEAN OIL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. January February Fil ler Fil ler Fil ler Fil ler Fil ler Million Pounds Beginning Stocks 1,711 1,995 1,776 1,775 Production 4/ 23,772 24,195 24,420 24,290 Imports 335 398 450 450 Supply, Total 25,819 26,589 26,646 26,515 Domestic Disappearance 21,380 22,872 23,500 23,100 Biodiesel 3/ 7,134 7,863 8,500 8,200 Food, Feed & other Industrial 14,247 15,009 15,000 14,900 Exports 2,443 1,941 1,700 1,900 Use, Tot al 23,823 24,813 25,200 25,000 Ending stocks 1,995 1,775 1,446 1,515 Avg. Price (c/lb) 2/ 30.04 28.26 34.00 33.50 Total SOYBEAN MEAL 2017/18 2018/19 E st. 2019/20 Proj. 2019/20 Proj. January February Fil ler 1 2 3 4 Thousand S hort Tons Beginning Stocks 401 555 402 402 Production 4/ 49,226 48,809 49,498 49,473 Imports 483 684 500 500 Supply, Total 50,109 50,048 50,400 50,375 Domestic Disappearance 35,537 36,092 36,800 36,800 Exports 14,016 13,554 13,200 13,20 0 Use, Total 49,554 49,646 50,000 50,000 Ending Stocks 555 402 400 375 Avg. Price ($/s.t.) 2/ 345.02 308.28 305.00 305.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginn ing Sept ember 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatu r. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,085 mill ion bushels for 2018/19 and 2,105 million bushels for 2019/20. February 2020 WASDE - 597 - 16 U.S. Sugar Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Fil ler Fil ler Fil ler Fil ler Fil ler 1,000 Short Tons, Raw Value Beginning Stocks 1,876 2,008 1,783 1,783 Production 2/ 9,293 8,999 8,158 8,158 Beet Sugar 5,279 4,939 4,444 4,444 Cane Sugar 4,014 4,060 3,713 3,713 Florida 1,983 2,005 2,069 2,069 Hawaii 0 0 0 0 Louisiana 1,862 1,907 1,513 1,513 Texas 169 147 131 131 Imports 3,277 3,070 3,881 3,841 TRQ 3/ 1,663 1,541 1,604 1,674 Other Program 4/ 326 438 350 350 Other 5/ 1,287 1,092 1,927 1,817 Mexico 1,223 1,000 1,827 1,717 Total Supply 14,445 14,077 13,821 13,781 Exports 170 35 35 35 Deliveries 12,185 12,231 12,230 12,230 Food 12,048 12,106 12,125 12,125 Other 6/ 137 126 105 105 Miscellaneous 82 28 0 0 Total Use 12,438 12,294 12,265 12,265 Ending Stocks 2,008 1,783 1,556 1,516 Stocks to Use Ratio 16.1 14.5 12.7 12.4 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and/or processor projection s/industry data where appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (56) and for 2019/20 (40). 4/ Composed of sugar under the re -export and polyhydric alcohol programs. 5/ Imports from Mexico; and high -tier tariff sugar and syrups not otherwis e specified -- for 2018/19 (91) and 2019/20 (100). 6/ Transfers accompanying deliveries for sugar - containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license tran sfers for SCP a nd POLY inclusive of WASDE -reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 374; projected 2019/20 -- 340. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Imports Domes tic 2/ Export s Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2018/19 Est. Jan 1,395 6,426 85 4,532 2,204 1,169 2018/19 Est. Feb 1,395 6,426 85 4,532 2,204 1,169 2019/20 Proj. Jan 1,169 5,772 89 4,492 1,603 934 2019/20 Proj. Feb 1,169 5,672 89 4,492 1,502 936 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated 2018/19 = 1,528; Projected 2019/20 = 1,520; Estimated Oct -Dec 2019/20 = 346, Oct -Dec 2018/19 = 335. Footnote source for e stimate: Com ite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (463 est); 2019/20 (4 35 proj). Oth er Deliveries/Ending Year Statistical Adjustments: 2018/19 ( -23), 2019/20 (0). February 2020 WASDE - 597 - 17 U.S. Cotton Supply and Use 1/ 2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj. Jan Feb Fil ler Fil le r Fil ler Fil ler Fil ler Area Million Acres Planted 12.72 14.10 13.74 13.74 Harvested 11.10 10.21 11.80 11.80 Fil ler Pounds Yield per Harvested Acre 905 864 817 817 Million 480 Pound Bales Beginning Stocks 2.75 4.20 4.85 4.85 Productio n 20.92 18.37 20.10 20.10 Imports 0.00 0.00 0.01 0.01 Supply, Total 23.68 22.57 24.96 24.96 Domestic Use 3.23 2.98 3.00 3.00 Exports, Total 16.28 14.76 16.50 16.50 Use, Total 19.50 17.74 19.50 19.50 Unaccounted 2/ -0.03 -0.02 0.06 0.06 Ending St ocks 4.20 4.85 5.40 5.40 Avg. Farm Price 3/ 68.6 70.3 63.0 62.0 Total Note: Reliability calculations at end of report. 1/ Upland and extra -long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflect s the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. February 2020 WASDE - 597 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2017/18 Begi nning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 262.70 762.88 180.86 146.32 741.75 182.47 283.83 World Less China 147.77 628.55 176.92 128.82 620.75 181.47 152.64 United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91 Total Foreign 230.57 715.50 176.56 145.04 712.50 157.82 253.93 Major Exporters 4/ 36.22 333.09 6.97 89.48 205.25 131.17 39.86 Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47 Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51 Canada 6.93 30.38 0.45 4.13 9.03 22.00 6.73 European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89 Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03 Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24 Major Impor ters 6/ 160.57 202.93 116.31 37.70 290.05 12.43 177.33 Bangladesh 1.76 1.15 6.47 0.25 7.15 0.00 2.23 Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31 China 114.93 134.33 3.94 17.50 121.00 1.00 131.20 Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18 N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.86 Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20 Sel. Mideast 8/ 16.65 18.36 18.46 4.10 37.92 0.90 14.65 Southeast Asia 9/ 5.68 0.00 26.37 8.99 25.44 1.11 5.51 Selected Other India 9.80 98.51 1.17 5.00 95.68 0.57 13.23 Kazakhstan 3.54 14.80 0.10 2.10 6.90 9.00 2.54 2018/19 Est. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 283.83 731.45 170.42 139.84 737.01 173.54 278.27 World Less China 152.64 600.02 167.28 119.84 612.01 172.54 138.51 United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39 Total Foreign 253.93 680.15 166.75 137.40 706.99 148.07 248.89 Major Ex porters 4/ 39.86 302.60 7.17 82.23 196.72 120.77 32.14 Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74 Australia 5.51 17.30 0.36 5.70 9.20 9.01 4.96 Canada 6.73 32.20 0.48 3.98 8.97 24.40 6.04 European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00 Russia 12.03 71.69 0.45 18.00 40.50 35.84 7.82 Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59 Major Importers 6/ 177.33 200.27 111.26 38.44 294.09 12.33 182.44 Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26 Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06 China 131.20 131.43 3.15 20.00 125.00 1.01 139.77 Japan 1.18 0.86 5.73 0.68 6.53 0.29 0.95 N. Africa 7/ 14.86 21.00 26.95 2.25 46.15 1.19 15.47 Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20 Sel. Mideast 8/ 14.65 18.37 17.23 3.55 37.90 0.58 11.77 Southeast Asia 9/ 5.51 0.00 26.37 8.14 25.34 1.10 5.44 Selected Other India 13.23 99.87 0.02 5.00 95.63 0.50 16.99 Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turke y, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, I raq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2020 WASDE - 597 - 19 World Wheat Supply and Use 1/ (Cont 'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 278.06 764.39 178.19 148.36 754.37 181.07 288.08 Feb 278.27 763.95 180.09 148.01 754.19 182.82 288.03 World Less China Jan 138.29 630.80 174.99 127.36 626.37 179.97 140.62 Feb 138.51 630.36 176.09 127.01 626.19 181.72 139.78 United States Jan 29.39 52.26 2.86 4.08 31.71 26.54 26.26 Feb 29.39 52.26 2.86 4.08 31.71 27.22 25.58 Total Foreign Jan 248.67 712.13 175.34 144.28 722.67 154.53 261.82 Feb 248.89 711.69 177.24 143.93 722.49 155.61 262.45 Major Exporters 4/ Jan 32.02 323.45 6.86 85.40 200.00 130.70 31.63 Feb 32.14 323.45 6.86 85.25 199.95 131.20 31.30 Argenti na Jan 1.74 19.00 0.01 0.05 6.05 13.00 1.70 Feb 1.74 19.00 0.01 0.05 6.15 13.00 1.60 Australia Jan 4.96 15.60 0.55 5.20 8.70 8.20 4.21 Feb 4.96 15.60 0.55 5.20 8.70 8.20 4.21 Canada Jan 5.92 32.35 0.45 4.35 9.35 24.00 5.37 Feb 6.04 32.35 0.45 4.70 9.70 23.50 5.64 European Union 5/ Jan 10.00 154.00 5.30 56.00 127.50 31.00 10.80 Feb 10.00 154.00 5.30 55.50 127.00 32.00 10.30 Russia Jan 7.82 73.50 0.48 17.00 39.50 34.00 8.29 Feb 7.82 73.50 0.48 17.00 39.50 34.00 8.29 Ukraine Jan 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Feb 1.59 29.00 0.08 2.80 8.90 20.50 1.26 Major Importers 6/ Jan 182.18 204.89 116.69 39.46 299.82 13.30 190.64 Feb 182.44 204.40 118.39 39.46 299.99 13.28 191.96 Bangladesh Jan 1.04 1.20 6.00 0.30 7.20 0.00 1.04 Feb 1.26 1.20 6.00 0.30 7.10 0.00 1.36 Brazil Jan 1.06 5.20 7.70 0.50 12.10 0.60 1.26 Feb 1.06 5.20 7.70 0.50 12.10 0.60 1.26 China Jan 139.77 133.59 3.20 21.00 128.00 1.10 147.46 Feb 139.77 133.59 4.00 21.00 128.00 1.10 148.26 Japan Jan 0.95 0.96 5.90 0.70 6.50 0.28 1.03 Feb 0.95 0.96 5.90 0.70 6.50 0.28 1.03 N. Africa 7/ Jan 15.46 18.87 27.40 2.25 46.75 0.99 13.99 Feb 15.47 18.47 27.40 2.25 46.75 0.99 13.61 Nigeri a Jan 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Feb 0.20 0.06 5.10 0.05 4.76 0.40 0.20 Sel. Mideast 8/ Jan 11.77 22.68 17.49 3.82 39.14 0.77 12.03 Feb 11.77 22.68 17.49 3.82 39.14 0.77 12.03 Southeast Asia 9/ Jan 4.92 0.00 26.80 7.84 25.62 1.07 5.04 Feb 5.44 0.00 27.00 7.84 25.69 1.04 5.71 Selected Other India Jan 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Feb 16.99 102.19 0.02 6.00 98.00 0.50 20.70 Kazakhstan Jan 1.68 11.50 0.13 1.80 6.60 5.20 1.51 Feb 1.68 11.50 0.30 1.60 6.40 6.00 1.08 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years , grain in tr ansit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra -trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeri a, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israe l, Jordan, Ku wait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2020 WASDE - 597 - 20 World Coarse Grain Supply and Use 1/ (Million Metric To ns) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 385.63 1,361.34 187.78 834.95 1,376.07 185.23 370.90 World Less China 162.13 1,095.62 171.35 637.40 1,093.47 185.16 147.92 United Stat es 62.17 384.39 2.93 138.85 324.40 67.16 57.92 Total Foreign 323.46 976.95 184.85 696.10 1,051.67 118.07 312.98 Major Exporters 4/ 38.41 252.15 3.66 125.39 169.42 97.68 27.12 Argentina 6.70 39.32 0.01 11.98 17.61 24.91 3.50 Austral ia 2.65 12.19 0.00 3.94 5.81 6.74 2.29 Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67 Canada 5.56 26.24 1.74 15.90 23.20 5.78 4.57 Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37 Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81 Major Importers 5/ 38.21 245.09 133.71 283.62 367.84 10.01 39.16 European Union 6/ 15.11 152.10 19.40 120.85 162.37 7.92 16.33 Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80 Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18 N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76 Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08 Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34 South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86 Selected Other China 223.49 265.72 16.43 197.55 282.60 0.06 222.98 2018/19 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 370.90 1,395.60 192.83 848.29 1,419.03 212.53 347.47 World Less China 147.92 1,131.09 182.29 652.84 1,131.66 212.46 136.87 United States 57.92 377.91 2.64 143.18 323.05 54.94 60.47 Total Foreign 312.98 1,017.69 190.19 705.10 1,095.98 157.58 287.00 Major Exporters 4/ 27.12 292.58 5.87 124.98 169.87 134.72 20.98 Argentina 3.50 59.22 0.01 12.48 18.34 39.57 4.82 Australia 2.29 10.93 0.00 4.69 6.76 4.13 2.35 Brazil 9.67 104.33 2.36 58.35 69.38 42.04 4.94 Canada 4.57 26.19 2.69 16.19 24.14 5.97 3.34 Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22 Ukraine 2.81 44.50 0.06 7.93 11.11 34.07 2.20 Major Importers 5/ 39.16 243.33 142.74 294.83 379.52 10.32 35.39 European Union 6/ 16.33 148.19 26.41 126.60 168.57 8.82 13.53 Japan 1.80 0.18 17.73 13.77 17.88 0.00 1.83 Mexico 6.18 33.40 17.41 31.27 50.51 0.72 5.76 N. Afr & Mideast 7/ 7.76 31.08 38.82 61.98 70.11 0.10 7.46 Saudi Arabia 2.08 0.29 10.17 10.65 11.10 0.00 1.45 Southeast Asia 8/ 2.34 29.90 16.64 37.49 45.52 0.68 2.68 South Korea 1.86 0.20 10.96 8.54 11.08 0.00 1.94 Selected Other China 222.98 264.51 10.54 195.45 287.37 0.07 210.59 1/ Aggregate of local marketing years. Coarse grains inclu de corn, sorg hum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Sout heast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2020 WASDE - 597 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 347.34 1,401.80 202.41 865.46 1,421.4 4 201.03 327.70 Feb 347.47 1,402.70 202.92 866.35 1,423.54 201.19 326.63 World Less China Jan 136.75 1,133.61 187.81 669.66 1,127.49 200.97 128.32 Feb 136.87 1,134.51 188.32 670.55 1,129.59 201.13 127.25 United States Jan 60.47 361.1 9 3.39 145.94 325.1 0 48.26 51.69 Feb 60.47 361.19 3.39 145.94 326.50 47.01 51.54 Total Foreign Jan 286.87 1,040.61 199.02 719.52 1,096.34 152.77 276.01 Feb 287.00 1,041.51 199.53 720.41 1,097.04 154.19 275.09 Major Exporters 4/ Jan 21.01 301.82 3.05 126.49 171.43 131.43 23.02 Feb 20.98 302.60 3.25 126.81 171.78 132.45 22.62 Argentina Jan 4.82 57.62 0.01 13.01 19.45 36.91 6.09 Feb 4.82 57.51 0.01 12.91 19.35 36.91 6.08 Australia Jan 2.38 9.96 0.00 4.12 6.09 4.15 2.11 Feb 2.35 9.96 0.00 4.12 6.09 4.15 2.07 Brazil Jan 4.94 104.35 1.70 58.87 70.00 36.01 4.98 Feb 4.94 104.35 1.90 59.37 70.50 36.01 4.68 Canada Jan 3.34 28.56 1.03 16.07 23.43 5.76 3.74 Feb 3.34 28.56 1.03 16.07 23.43 5.75 3.75 Russia Jan 1.22 40.77 0.09 20.44 28.94 11.47 1.67 Feb 1.22 40.77 0.09 20.44 28.94 11.47 1.67 Ukraine Jan 2.20 46.04 0.03 7.31 10.56 35.64 2.07 Feb 2.20 46.43 0.03 7.23 10.50 36.16 1.99 Major Importers 5/ Jan 35.11 254.31 147.04 303.66 389.36 10.81 36.29 Feb 35.39 254.16 147.35 304.06 389.86 11.20 35.83 European Union 6/ Jan 13.28 159.04 21.91 125.85 168.52 9.23 16.48 Feb 13.53 159.04 21.91 125.85 168.52 9.63 16.33 Japan Jan 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Feb 1.83 0.20 17.77 13.96 18.07 0.00 1.72 Mexico Jan 5.76 30.60 18.39 31.96 51.04 0.70 3.01 Feb 5.76 30.60 18.50 31.96 51.14 0.70 3.02 N. Afr & Mideast 7/ Jan 7.46 32.96 42.89 66.59 75.02 0.14 8.14 Feb 7.46 33.16 43.09 66.99 75.42 0.14 8.14 Saud i Arab ia Jan 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Feb 1.45 0.27 12.51 12.25 12.71 0.00 1.52 Southeast Asia 8/ Jan 2.65 30.96 18.27 39.97 48.12 0.74 3.03 Feb 2.68 30.61 18.27 39.97 48.12 0.73 2.70 South Korea Jan 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Feb 1.94 0.20 10.91 8.55 11.14 0.00 1.92 Selected Other China Jan 210.59 268.20 14.60 195.80 293.95 0.06 199.38 Feb 210.59 268.20 14.60 195.80 293.95 0.06 199.38 1/ Aggregate of local marketing yea rs. Coarse gr ains i nclude corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3 / World imports and exports may not balance du e to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle E ast, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 202 0 WASDE - 597 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 351.78 1,079.90 149.93 672.31 1,090.40 148.19 341.28 World Less China 128.76 820.83 146.47 485.31 827.40 148.17 118.75 United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37 Total Foreign 293.53 708.80 149.02 537.58 776.42 86.27 286.91 Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 72.26 16.02 Argentina 5.27 32.00 0.01 8.50 12.40 22.47 2.41 Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28 Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20 South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67 Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47 Major Importers 5/ 21.93 126.07 88.35 154.80 208.95 3.71 23.69 Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.85 European Union 6/ 7.60 62.01 18.47 57.00 76.50 1.75 9.82 Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39 Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65 Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33 South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85 Selected Other 0.00 Canada 2.57 14.10 1.67 8.84 13.99 1.94 2.42 China 223.02 259.07 3.46 187.00 263.00 0.02 222.53 2018/19 Est. Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ 341.28 1,122 .73 163.01 700.84 1,143. 54 181.63 320.47 World Less China 118.75 865.40 158.53 509.84 869.54 181.61 110.15 United States 54.37 364.26 0.71 137.98 310.47 52.46 56.41 Total Foreign 286.91 758.46 162.30 562.86 833.06 129.17 264.06 Major Exporters 4/ 16.02 211.02 2.38 84.00 105.95 112.19 11.28 Argentina 2.41 51.00 0.01 9.70 13.80 36.00 3.61 Brazil 9.28 101.00 1.70 55.40 65.40 42.00 4.58 Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38 South Africa 2.67 11.80 0.60 6.50 12.20 1.10 1.77 Ukraine 1.47 35.81 0.04 4.80 6.05 30.32 0.94 Major Importers 5/ 23.69 128.85 98.91 170.30 224.90 5.03 21.52 Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81 European Union 6/ 9.82 64.44 25.21 68.00 88.00 3.63 7.84 Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.44 Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09 Southeast Asia 7/ 2.33 29.85 16.26 37.40 45.10 0.68 2.66 South Korea 1.85 0.08 10.86 8.50 10.85 0.00 1.93 Selected Other 0.00 Canad a 2.42 13.89 2.63 9.37 15.16 1.80 1.98 China 222.53 257.33 4.48 191.00 274.00 0.02 210.32 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world impo rts and expor ts. 3/ Worl d imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japa n, Mexico, So utheast Asi a, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2020 WASDE - 597 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks World 3/ Jan 320.39 1,110.84 167.42 703.92 1,133.41 165.64 297.81 Feb 320.47 1,111.59 167.99 704.89 1,135.22 165.77 296.84 Worl d Less China Jan 110.07 850.07 160.42 513.92 854.41 165.62 98.74 Feb 110.15 850.82 160.99 514.89 856.22 165.75 97.77 United States Jan 56.41 347.78 1.27 140.34 312.31 45.09 48.07 Feb 56.41 347.78 1.27 140.34 313.58 43.82 48.07 Total Fore ign Jan 263.9 8 763.05 166.1 5 563.58 821.11 120.55 249.74 Feb 264.06 763.80 166.72 564.55 821.64 121.96 248.77 Major Exporters 4/ Jan 11.28 215.00 1.17 84.60 107.15 107.20 13.10 Feb 11.28 215.80 1.37 85.00 107.55 108.20 12.70 Argentina Jan 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Feb 3.61 50.00 0.01 10.30 15.00 33.50 5.12 Brazil Jan 4.58 101.00 1.00 56.00 66.00 36.00 4.58 Feb 4.58 101.00 1.20 56.50 66.50 36.00 4.28 Russia Jan 0.38 14.50 0.04 7.80 8.75 5.70 0.47 Feb 0.38 14.50 0.04 7.80 8.75 5.70 0.47 South Africa Jan 1.77 14.00 0.10 6.60 12.30 1.50 2.07 Feb 1.77 14.50 0.10 6.60 12.30 2.00 2.07 Ukraine Jan 0.94 35.50 0.02 3.90 5.10 30.50 0.86 Feb 0.94 35.80 0.02 3.80 5.00 31.00 0.76 Major Impo rters 5/ Jan 21.29 127.47 97.40 168.00 223.05 3.84 19.27 Feb 21.52 127.12 97.40 168.00 223.05 4.24 18.75 Egypt Jan 1.81 6.40 9.90 14.20 16.70 0.01 1.40 Feb 1.81 6.40 9.90 14.20 16.70 0.01 1.40 European Union 6/ Jan 7.63 65.00 21.00 62.00 82.50 2.40 8.73 Feb 7.84 65.00 21.00 62.00 82.50 2.80 8.54 Japan Jan 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Feb 1.44 0.00 16.00 12.40 16.10 0.00 1.34 Mexico Jan 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Feb 5.09 25.00 17.50 26.50 44.50 0.70 2.39 Southeast Asia 7/ Jan 2.64 30.91 17.90 39.90 47.70 0.73 3.02 Feb 2.66 30.56 17.90 39.90 47.70 0.73 2.69 South Korea Jan 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Feb 1.93 0.08 10.80 8.50 10.90 0.00 1.91 Selected Other Canada Jan 1.98 13.40 1.00 8.30 13.50 1.30 1.58 Feb 1.98 13.40 1.00 8.30 13.50 1.30 1.58 China Jan 210.32 260.77 7.00 190.00 279.00 0.02 199.07 Feb 210.32 260.77 7.00 190.00 279.00 0.02 199.07 1/ Aggregate of lo cal marketing years. 2/ Tot al foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra -trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. February 2 020 WASDE - 597 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ 149.90 494.83 46.57 482.16 47.22 162.57 World Les s China 51.40 345.95 41.07 339.65 45.85 53.57 United States 1.46 5.66 0.87 4.30 2.76 0.93 Total Foreign 148.44 489.17 45.70 477.86 44.45 161.63 Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88 Burma 0.55 13.20 0.01 10.20 2.75 0.81 India 20.55 112.76 0.00 98.67 12.04 22.60 Pakistan 1.34 7.50 0.00 3.40 4.01 1.42 Thailand 4.24 20.58 0.25 11.00 11.06 3.01 Vietnam 0.97 27.66 0.50 21.50 6.59 1.03 Major Importers 5/ 108.69 241.11 21.35 248.11 1.80 121.25 China 98.50 148.87 5.50 142.51 1.36 109.00 European Union 6/ 1.19 2.03 2.01 3.70 0.35 1.18 Indonesia 2.92 37.00 2.35 38.10 0.00 4.16 Nigeria 1.86 4.73 2.00 6.90 0.00 1.69 Philippines 2.00 12.24 1.30 13.25 0.00 2.29 Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91 Selected Other 0.00 Brazil 0.63 8.20 0.56 7.75 1.15 0.49 C. Amer & Carib 8/ 0.68 1.64 1.66 3.28 0.04 0.67 Egypt 1.43 4.30 0.09 4.20 0.05 1.56 Japan 2.41 7.79 0.69 8.60 0.06 2.22 Mexico 0.17 0.18 0.81 0.92 0.10 0.15 South Korea 2.00 3.97 0.40 4.75 0.06 1.56 2018/19 Est. Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stock s World 3/ 162.57 499.18 43.14 486.75 43.71 175.00 World Less China 53.57 350.69 40.14 344.03 40.94 60.00 United States 0.93 7.11 0.92 4.57 2.97 1.42 Total Foreign 161.63 492.08 42.22 482.18 40.74 173.58 Major Exporters 4/ 28.88 185.00 0.66 145.95 31.83 36.76 Burma 0.81 13.18 0.01 10.40 2.50 1.10 India 22.60 116.42 0.00 99.10 10.42 29.50 Pakistan 1.42 7.30 0.00 3.30 4.50 0.92 Thailand 3.01 20.34 0.25 11.80 7.56 4.24 Vietnam 1.03 27.77 0.40 21.35 6.85 1.00 Major Importers 5/ 121.25 241.89 16.65 249.64 3.18 126.97 China 109.00 148.49 3.00 142.72 2.77 115.00 European Union 6/ 1.18 1.96 2.15 3.80 0.30 1.18 Indonesia 4.16 36.70 0.50 38.10 0.00 3.26 Nigeria 1.69 4.79 1.90 7.00 0.00 1.38 Philippines 2.29 11.73 3.60 14.10 0.00 3.52 Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80 Selected Other 0.00 Brazil 0.49 7.14 0.90 7.47 0.83 0.23 C. Amer & Carib 8/ 0.67 1.68 1.77 3.42 0.04 0.66 Egypt 1.56 2.80 0.81 4.15 0.02 1.00 Japan 2.22 7.66 0.63 8.50 0.06 1.95 Mexico 0.15 0.19 0.74 0.92 0.03 0.14 South Korea 1.56 3.87 0.29 4.59 0.10 1.02 1/ Aggregate of local mark eting years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma, India, Pa kistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, I raq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ar abia. 8/ Central Am erican and Caribbean countries. February 2020 WASDE - 597 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2019/20 Proj. Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks World 3/ Jan 174.39 496.67 43.10 494.00 45.59 177.05 Feb 175.00 496.22 42.68 493.13 44.81 178.09 World Less China Jan 59.97 349.94 40.70 351.00 42.29 59.80 Feb 60.00 349.49 40.28 350.20 41.61 60.09 United States Jan 1.42 5.86 0.96 4.22 3.11 0.91 Feb 1.42 5.86 1.03 4.22 3.14 0.95 Total Foreign Jan 172.96 490.80 42.14 489.78 42.48 176.14 Feb 173.58 490.35 41.65 488.90 41.66 177.14 Major Exporters 4/ Jan 36.42 182.60 0.66 149.35 33.30 37.03 Feb 36.76 182.60 0.66 149.55 32.70 37.77 Burma Jan 1.10 13.30 0.01 10.55 2.60 1.26 Feb 1.10 13.30 0.01 10.55 2.60 1.26 India Jan 29.50 115.00 0.00 102.50 11.80 30.20 Feb 29.50 115.00 0.00 102.50 11.20 30.80 Pakistan Jan 0.92 7.50 0.00 3.30 4.40 0.72 Feb 0.92 7.50 0.00 3.30 4.40 0.72 Thailand Jan 3.90 18.50 0.25 11.50 7.50 3.65 Feb 4.24 18.50 0.25 11.70 7.50 3.79 Vietnam Jan 1.00 28.30 0.40 21.50 7.00 1.20 Feb 1.00 28.30 0.40 21.50 7.00 1.20 Major Importers 5/ Jan 126.31 241.68 15.04 250.43 3.71 128.89 Feb 126.97 241.64 15.04 250.41 3.61 129.63 China Jan 114.42 146.73 2.40 143.00 3.30 117.25 Feb 115.00 146.73 2.40 142.93 3.20 118.00 European Union 6/ Jan 1.13 2.00 2.05 3.80 0.30 1.09 Feb 1.18 1.97 2.20 3.90 0.30 1.15 Indonesia Jan 3.26 36.50 1.00 37.70 0.00 3.06 Feb 3.26 36.50 1.00 37.70 0.00 3.06 Nigeria Jan 1.38 4.90 1.80 7.00 0.00 1.08 Feb 1.38 4.90 1.80 7.00 0.00 1.08 Philippines Jan 3.49 12.00 2.70 14.40 0.00 3.79 Feb 3.52 12.00 2.60 14.40 0.00 3.72 Sel. Mideast 7/ Jan 0.80 2.29 3.68 6.08 0.00 0.69 Feb 0.80 2.29 3.63 6.03 0.00 0.69 Selected Other Brazil Jan 0.23 7.14 1.10 7.50 0.60 0.37 Feb 0.23 7.14 1.10 7.50 0.60 0.37 C. Amer & Carib 8/ Jan 0.67 1.55 2.00 3.54 0.03 0.65 Feb 0.66 1.52 1.95 3.45 0.03 0.65 Egypt Jan 1.09 4.30 0.30 4.35 0.10 1.24 Feb 1.00 4.30 0.20 4.35 0.10 1.05 Japan Jan 2.01 7.80 0.69 8.40 0.07 2.03 Feb 1.95 7.80 0.69 8.40 0.07 1.97 Mexico Jan 0.15 0.20 0.79 0.93 0.02 0.19 Feb 0.14 0.18 0.79 0.93 0.01 0.16 South Korea Jan 1.02 3.74 0.41 4.40 0.06 0.72 Feb 1.02 3.74 0.41 4.40 0.06 0.72 1/ Aggregate of local market ing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differenc es in some co untries. 4/ Burma, India , Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra -trade. 7/ Selected Middle East includes Iran, Iraq, a nd Saudi Arabia. 8/ Centra l American and Caribbean countries. February 2020 WASDE - 597 - 26 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2017/18 Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stock s World 80.29 123.78 41.16 122.76 41.51 0.12 80.84 World Less China 34.37 96.28 35.45 81.76 41.38 0.12 42.84 United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20 Total Foreign 77.54 102.86 41.16 119.54 25.24 0.15 76.64 Major Exporters 4/ 21.90 57.10 2.47 32.75 21.86 0.02 26.84 Central Asia 5/ 2.18 6.50 3/ 3.38 2.63 0.00 2.67 Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70 S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.65 0.01 13.01 Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04 Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66 India 7.88 29.00 1.68 24.15 5.18 0.00 9.23 Major Importers 8/ 54.18 42.93 36.05 82.74 2.35 0.12 47.95 Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66 China 45.92 27.50 5.71 41.00 0.14 0.00 37.99 European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30 Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78 Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83 Indon esia 0.62 3/ 3.52 3.50 0.01 0.00 0.63 Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20 Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86 Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29 2018/19 Est. Beginning Stocks Productio n Imports Dom estic Use Exports Loss /2 Ending Stocks World 80.84 118.60 42.20 120.19 41.35 0.12 79.99 World Less China 42.84 90.85 32.56 80.69 41.14 0.12 44.32 United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85 Total Foreign 76.64 100.24 42.20 117.2 1 26.59 0.14 75.14 Major Exporters 4/ 26.84 54.62 2.50 32.99 22.37 0.02 28.57 Central Asia 5/ 2.67 5.44 3/ 3.80 2.01 0.00 2.31 Afr. Fr. Zone 6/ 1.70 5.42 3/ 0.14 5.55 0.00 1.44 S. Hemis. 7/ 13.01 17.32 0.18 4.39 10.86 0.01 15.24 Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57 Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26 India 9.23 25.80 1.80 24.00 3.51 0.00 9.31 Major Importers 8/ 47.95 42.65 37.16 80.06 2.99 0.11 44.60 Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77 China 37.99 27.75 9.64 39.50 0.21 0.00 35.67 European Union 9/ 0.30 1.72 0.64 0.69 1.72 0.03 0.23 Turkey 1.78 3.70 3.50 6.90 0.48 0.00 1.59 Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50 Indon esia 0.63 3/ 3.05 3.15 0.01 0.00 0.53 Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18 Bangladesh 1.86 0.14 6.90 7.30 0.00 0.01 1.58 Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated en ding stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Repub lic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regi ons listed, includes Jap an, Russia, S outh Korea, and Taiwan. 9/ Inclu des intra -EU trade. February 2020 WASDE - 597 - 27 World Cotton Supply and Use 1/ (Million 480 -Pound Bales) 2019/20 Proj. Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks World Jan 79.53 120.48 43.83 120.22 43.85 0.19 79.59 Feb 79.99 121.33 43.55 119.01 43.54 0.19 82.12 World Less China Jan 43.86 93.23 35.33 81.72 43.67 0.19 46.85 Feb 44.32 94.08 35.05 81.51 43.37 0.19 48.38 United States Jan 4.85 20.10 0.01 3.00 16.50 0.06 5.40 Feb 4.85 20.10 0.01 3.00 16.50 0.06 5.40 filler filler filler filler filler filler filler Total Foreign Jan 74.68 100.38 43.83 117.22 27.35 0.13 74.19 Feb 75.14 101.23 43.54 116.01 27.04 0.13 76.72 Major Exporters 4/ Jan 28.13 56.91 2.88 34.05 22.85 0.02 31.00 Feb 28.57 57.21 2.98 34.05 22.67 0.02 32.02 Central Asia 5/ Jan 2.31 5.86 3/ 4.34 1.69 0.00 2.14 Feb 2.31 5.86 3/ 4.34 1.69 0.00 2.14 Afr. Fr. Zone 6/ Jan 1.42 5.87 3/ 0.14 5.68 0.00 1.47 Feb 1.44 5.87 3/ 0.14 5.60 0.00 1.56 S. Hemis. 7/ Jan 14.81 15.19 0.18 4.38 11.39 0.01 14.41 Feb 15.24 15.49 0.18 4.38 11.49 0.01 15.04 Australia Jan 1.57 0.68 3/ 0.04 1.35 0.00 0.86 Feb 1.57 0.68 3/ 0.04 1.30 0.00 0.91 filler filler filler filler filler filler filler Brazil Jan 11.78 12.50 0.03 3.40 8.80 0.00 12.10 Feb 12.26 12.70 0.03 3.40 8.90 0.00 12.68 India Jan 9.31 29.50 2.20 24.50 3.80 0.00 12.71 Feb 9.31 29.50 2.30 24.50 3.60 0.00 13.01 Major Importers 8 / Jan 44.60 40.42 38.37 78.97 2.94 0.11 41.36 Feb 44.60 40.93 37.73 77.76 2.89 0.11 42.50 Mexico Jan 0.77 1.57 0.80 1.95 0.45 0.03 0.71 Feb 0.77 1.57 0.80 1.95 0.43 0.03 0.74 China Jan 35.67 27.25 8.50 38.50 0.18 0.00 32.75 Feb 35.67 27.25 8.50 37.50 0.18 0.00 33.75 European Union 9/ Jan 0.23 1.96 0.65 0.69 1.86 0.03 0.26 Feb 0.23 1.96 0.65 0.69 1.81 0.03 0.31 Turkey Jan 1.59 3.40 4.10 7.10 0.35 0.00 1.64 Feb 1.59 3.40 4.10 7.20 0.35 0.00 1.54 Pakistan Jan 2.50 6.10 4.30 10.60 0.10 0.03 2.17 Feb 2.50 6.60 4.20 10.80 0.10 0.03 2.37 Indonesia Jan 0.53 3/ 3.10 3.10 0.01 0.00 0.53 Feb 0.53 3/ 3.05 3.05 0.01 0.00 0.53 Thailand Jan 0.18 3/ 1.00 1.00 0.00 0.03 0.15 Feb 0.18 3/ 0.98 0.98 0.00 0.03 0.15 Bangladesh Jan 1.58 0.14 7.20 7.30 0.00 0.01 1.61 Feb 1.58 0.14 7.20 7.30 0.00 0.01 1.61 Vietnam Jan 1.19 3/ 7.10 7.10 0.00 0.00 1.19 Feb 1.19 3/ 6.80 6.80 0.00 0.00 1.19 1/ Marke ting year beginning August 1. Total s may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United S tates, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhst an, Kyrgyzst an, Tajikista n, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In a ddition to th e countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. February 2020 WASDE - 597 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stock s Production Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 94.83 342.09 153.26 294.64 338.07 153.07 99.05 World Less China 74.71 326.81 59.17 204.64 231.77 152.93 75.98 United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92 Total Foreign 86.62 222.02 152.67 238.71 279.20 94.99 87.12 Major Exporters 3/ 60.21 171.61 4.89 85.08 94.17 85.55 56.99 Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73 Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74 Paraguay 0.00 10.48 0.01 3.87 3.95 6.03 0.51 Major Importers 4/ 22.79 19.19 124.49 116.06 140.35 0.43 25.69 China 20.12 15.28 94.10 90.00 106.30 0.13 23.06 European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40 Southeast Asia 1.15 0.69 7.68 3.46 8.64 0.02 0.86 Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17 2018/19 Est. Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks World 2/ 99.05 358.65 145.43 298.12 343.63 148.2 7 111.22 World Less China 75.98 342.68 62.89 213.12 241.63 148.15 91.77 United States 11.92 120.52 0.38 56.94 60.52 47.56 24.74 Total Foreign 87.12 238.13 145.04 241.18 283.11 100.70 86.48 Major Exporters 3/ 56.99 183.98 6.56 87.07 96.37 91.35 59.81 Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89 Brazil 32.74 117.00 0.14 42.53 44.87 74.59 30.42 Paraguay 0.51 8.85 0.01 3.90 3.97 4.90 0.50 Major Importers 4/ 25.69 19.84 115.44 113.40 138.58 0.33 22.06 China 23.06 15.97 82.54 85.00 102.00 0.12 19.46 European Union 1.40 2.66 15.00 16.00 17.66 0.18 1.23 Southeast Asia 0.86 0.66 8.69 3.85 9.19 0.04 0.97 Mexico 0.17 0.34 5.91 6.15 6.20 0.00 0.22 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Crush Domestic Tota l Exports Ending Stocks World 2/ Jan 110.28 337.70 147.95 303.58 350.11 149.15 96.67 Feb 111.22 339.40 150.80 304.33 351.06 151.50 98.86 World Less China Jan 90.82 319.60 62.95 218.58 247.41 149.02 76.94 Feb 91.77 321.30 62.80 218.33 247.36 151.38 77.13 United States Jan 24.74 96.84 0.41 57.29 60.77 48.31 12.92 Feb 24.74 96.84 0.41 57.29 60.77 49.67 11.55 Total Foreign Jan 85.54 240.86 147.54 246.29 289.35 100.84 83.76 Feb 86.48 242.56 150.3 9 247.04 290.30 101.84 87.31 Major Exporters 3/ Jan 59.25 188.40 4.06 92.33 102.00 92.53 57.18 Feb 59.81 190.10 4.06 92.33 102.16 93.23 58.58 Argentina Jan 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Feb 28.89 53.00 3.90 44.60 51.70 8.20 25.89 Brazil Jan 30.26 123.00 0.15 43.75 46.24 76.00 31.17 Feb 30.42 125.00 0.15 43.75 46.40 77.00 32.17 Paraguay Jan 0.09 10.20 0.01 3.90 3.98 6.20 0.11 Feb 0.50 9.90 0.01 3.90 3.98 5.90 0.53 Major Importers 4/ Jan 21.91 21.83 118.84 113.59 139.69 0.42 22.47 Feb 22.06 21.83 121.84 114.59 140.74 0.42 24.57 China Jan 19.46 18.10 85.00 85.00 102.70 0.13 19.73 Feb 19.46 18.10 88.00 86.00 103.70 0.13 21.73 European Union Jan 1.08 2.60 15.20 15.90 17.56 0.25 1.07 Feb 1.23 2.60 15.20 15.90 17.61 0.25 1.17 South east Asia Jan 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Feb 0.97 0.64 9.29 4.06 9.61 0.04 1.25 Mexico Jan 0.22 0.24 6.00 6.20 6.25 0.00 0.20 Feb 0.22 0.24 6.00 6.20 6.25 0.00 0.20 1/ Da ta based on l ocal marketing years except Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, w orld supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia , Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to round ing. February 2020 WASDE - 597 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 14.15 232.47 60.12 228.52 64.85 13.37 World Less China 14.15 161.19 60.10 158.42 63.65 13.37 United States 0.36 44.66 0.44 32.24 12.72 0.50 Total Foreign 13.78 187.81 59.68 196.28 52.13 12.87 Major Exporters 3/ 7.30 68.86 0.03 25.05 44.16 6.99 Argentina 3.34 28.40 0.00 3.00 26.27 2.48 Brazil 3.32 34.30 0.02 17.31 16.03 4.30 India 0.65 6.16 0.01 4.74 1.86 0.22 Major Importers 4/ 1.84 20.48 38.70 58.81 0.66 1.55 European Union 0.49 11.81 18.35 30.04 0.40 0.21 Mexico 0.04 4.15 1.82 5.95 0.02 0.04 Southeast Asia 5/ 1.22 2.70 16.80 19.37 0.25 1.11 2018/19 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 13.37 233.83 63.33 230.29 67.33 12.91 World Less China 13.37 166.51 63.31 163.89 66.39 12.91 United States 0.50 44.28 0.62 32.74 12.30 0.37 Total Foreign 12.87 189.55 62.71 197.55 55.03 12.55 Major Exporters 3/ 6.99 71.84 0.07 26.03 47.01 5.87 Argentina 2.48 31.20 0.00 3.10 28.83 1.74 Brazil 4.30 32.96 0.02 17.65 15.97 3.66 India 0.22 7.68 0.05 5.28 2.20 0.47 Major Importers 4/ 1.55 22.31 39.67 60.59 0.60 2.34 European Union 0.21 12.64 18.70 30.44 0.37 0.74 Mexico 0.04 4.86 1.93 6.58 0.01 0.25 Southeast Asi a 5/ 1.11 3.00 17.41 20.12 0.22 1.20 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 12.32 238.60 64.64 235.81 67.80 11.94 Feb 12.91 239.17 64.63 237.25 67.80 11.66 Worl d Less China Jan 12.32 171.28 64.59 169.39 66.85 11.94 Feb 12.91 171.06 64.60 170.06 66.85 11.66 United States Jan 0.37 44.90 0.45 33.38 11.98 0.36 Feb 0.37 44.88 0.45 33.38 11.98 0.34 Total Foreign Jan 11.96 193.70 64.18 202.43 55.83 11.58 Feb 12.55 194.29 64.17 203.86 55.83 11.32 Major Exporters 3/ Jan 5.87 74.65 0.08 26.91 47.70 5.99 Feb 5.87 74.65 0.08 27.11 47.70 5.79 Argentina Jan 1.74 34.30 0.00 3.28 30.85 1.91 Feb 1.74 34.30 0.00 3.28 30.85 1.91 Brazil Jan 3.66 33.95 0.03 18.28 15.40 3.96 Feb 3.66 33.95 0.03 18.48 15.40 3.76 India Jan 0.47 6.40 0.05 5.35 1.45 0.12 Feb 0.47 6.40 0.05 5.35 1.45 0.12 Major Importers 4/ Jan 1.84 22.46 40.55 62.34 0.59 1.92 Feb 2.34 22.46 40.60 62.71 0.54 2.15 European Union Jan 0.41 12.56 19.00 31.19 0.35 0.42 Feb 0.74 12.56 19.00 31.34 0.30 0.66 Mexico Jan 0.20 4.90 1.98 6.88 0.01 0.20 Feb 0.25 4.90 1.98 6.93 0.01 0.20 Southeast Asia 5/ Jan 1.10 3.17 17.89 20.78 0.23 1.15 Feb 1.20 3.17 17.94 20.93 0.23 1.15 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags bet ween reported exports and imports. Therefo re, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ European Union, Southeast Asia, and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to ro unding. February 2020 WASDE - 597 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2017/18 Beginning Stocks Production Imports Domestic Total Exports Ending Stocks World 2/ 3.80 55.12 9.85 54.72 10.54 3.52 World Less China 3.13 39.00 9.37 38.22 10.32 2.95 United States 0.78 10.78 0.15 9.70 1.11 0.91 Total Foreign 3.02 44.34 9.70 45.02 9.43 2.61 Major Exporters 3/ 0.76 19.31 0.35 12.29 7.28 0.85 Argentina 0.28 7.24 0.00 3.08 4.16 0.27 Brazil 0.29 8.50 0.05 6.94 1.51 0.39 European Union 0.16 2.84 0.28 2.23 0.90 0.16 Major Importers 4/ 1.36 18.44 5.87 24.45 0.27 0.94 China 0.67 16.13 0.48 16.50 0.21 0.57 India 0.48 1.39 2.98 4.72 0.01 0.12 North Africa 5/ 0.12 0.70 1.54 2.14 0.06 0.16 2018/19 Est. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ 3.52 55.74 10.56 55.29 10.97 3.57 World Less China 2.95 40.51 9.78 39.40 10.77 3.07 United States 0.91 10.98 0.18 10.38 0.88 0.81 Total Foreign 2.61 44.77 10.38 44.91 10.08 2.77 Major Exporters 3/ 0.85 19.81 0.47 12.36 7.78 0.98 Argentina 0.27 7.91 0.00 2.57 5.26 0.35 Brazil 0.39 8.16 0.02 7.17 1.08 0.33 European Union 0.16 3.04 0.42 2.58 0.79 0.25 Major Importers 4/ 0.94 18.00 6.41 24.13 0.26 0.96 China 0.57 15.23 0.78 15.89 0.20 0.50 India 0.12 1.73 3.10 4.81 0.01 0.13 North Africa 5/ 0.16 0.75 1.49 2.21 0.06 0.13 2019/20 Proj. Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks World 2/ Jan 3.59 56.86 11.59 56.87 11.84 3.34 Feb 3.57 56.95 11.51 56.78 11.85 3.41 World Less China Jan 3.09 41.63 10.39 40.54 11.69 2.88 Feb 3.07 41.54 10.41 40.37 11.70 2.95 United States Jan 0.81 11.08 0.20 10.66 0.77 0.66 Feb 0.81 11.02 0.20 10.48 0.86 0.69 Total Foreign Jan 2.79 45.79 11.38 46.21 11.07 2.68 Feb 2.77 45.94 11.31 46.30 10.99 2.72 Major Exporters 3/ Jan 0.97 20.86 0.41 12.53 8.76 0.95 Feb 0.98 20.86 0.41 12.46 8.71 1.08 Argentina Jan 0.24 8.70 0.00 2.69 6.00 0.25 Feb 0.35 8.70 0.00 2.59 6.00 0.46 Brazil Jan 0.33 8.40 0.05 7.35 1.10 0.33 Feb 0.33 8.40 0.05 7.35 1.10 0.33 Europ ean Union Jan 0.40 3.02 0.35 2.46 0.95 0.37 Feb 0.25 3.02 0.35 2.46 0.90 0.27 Major Importers 4/ Jan 0.94 17.77 7.30 24.92 0.22 0.87 Feb 0.96 18.00 7.22 25.13 0.22 0.84 China Jan 0.50 15.23 1.20 16.33 0.15 0.46 Feb 0.50 15.41 1.10 16.40 0.15 0.46 India Jan 0.13 1.44 3.50 4.95 0.01 0.12 Feb 0.13 1.44 3.50 4.95 0.01 0.12 North Africa 5/ Jan 0.13 0.77 1.55 2.27 0.06 0.12 Feb 0.13 0.77 1.57 2.30 0.06 0.12 1/ Data based on local marketing years except for A rgentina and Brazil which are adjusted to an October -September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and European Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. February 2020 WASDE - 597 - 31 U.S. Quarterly Animal Product Prod uction 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Poultry 3/ Red Meat & Poultry Egg Milk Million Pounds Mil doz Bil lbs 2018 Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6 2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5 II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8 III 6,923 6,706 13,683 11,397 1,453 12,986 26,669 2,338 54.3 IV 7,000 7,478 14,534 11,163 1,467 12,760 27,294 2,412 53.8 Annual Jan Est. 27,151 27,639 55,011 43,839 5,849 50,203 105,214 9,380 218.3 Feb Est. 27,151 27,637 55,011 43,877 5,816 50,216 105,227 9,394 218.3 2020 I* 6,665 7,280 14,002 11,100 1,435 12,661 26,663 2,350 55.6 II* 7,160 6,865 14,078 11,450 1,440 13,027 27,105 2,380 56.8 III* 6,830 7,015 13,899 11,775 1,475 13,392 27,291 2,400 54.9 IV* 6,825 7,725 14,609 11,450 1,540 13,120 27,729 2,435 54.7 Annual Jan Proj. 27,440 28,645 56,309 45,400 5,910 51,845 108,154 9,515 222.0 Feb Proj. 27,480 28,885 56,588 45,775 5,890 52,200 108,788 9,565 222.0 * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & m utton. 3/ Broilers, tur keys and matu re chicken. U.S. Quarterly Prices for Animal Product s Year and Quarter Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2018 Annual 117.12 45.93 97.8 80.2 137.6 16.27 2019 I 125.27 40.67 94.0 82.8 107.3 16.97 II 118.79 57.95 97.7 85.5 69.7 17.93 III 108.16 50.08 82.0 90.8 81.9 18.97 IV 114.88 43.11 80.6 97.8 117.2 20.53 Annual Jan Est. 116.78 47.95 88.6 89.2 94.0 18.60 Feb Est. 116.78 47.95 88.6 89.2 94.0 18.60 2020 I* 123.00 44.00 89.0 98.0 98.0 18.95 II* 118.00 51.00 95.0 100.0 84.0 18.75 III* 112.00 54.00 86.0 101.0 100.0 18.70 IV* 114.00 46.00 78.0 103.0 115.0 19.05 Annual Jan Proj. 117.5 54.5 86.5 92.5 95.5 19.25 Feb Proj. 117.0 49.0 87.0 100.5 99.5 18.85 *Projection. 1/ Simple average of months. 2/ 5 -Area, Direct, Total all grades 3/ National Base, Live equiv 51 -52% lean. 4/ Wholesale, National Composite Weighted Average. 5/ 8 -16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. February 2020 WASDE - 597 - 32 U.S. Meats Supply and Use Item Beginning stocks Production 1/ Import s Total Suppl y Exports Ending Stocks Total Use Per Capita 2/ 3/ Million Poun ds /4 Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2 2019 Est. Jan 662 27,217 3,061 30,940 3,024 640 27,276 58.0 Feb 662 27,217 3,057 30,936 3,022 643 27,271 57.9 2020 Proj. Jan 640 27,506 2,880 31,026 3,305 640 27,081 57.2 Feb 643 27,546 2,880 31,069 3,300 640 27,129 57.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9 2019 Est. Jan 559 27,653 958 29,170 6,296 550 22,323 52.6 Feb 559 27,651 945 29,155 6,321 646 22,187 52.3 2020 Proj. Jan 550 28,659 885 30,094 7,100 580 22,414 52.5 Feb 646 28,899 835 30,380 7,375 675 22,330 52.3 Fil ler Fil ler Fil ler Fil ler Fil ler Fil le r Fil ler Fil ler Total Red Meat 5/ 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5 2019 Est. Jan 1,266 55,101 4,282 60,648 9,325 1,237 50,087 111.8 Feb 1,266 55,101 4,274 60,640 9,349 1,330 49,961 111.6 2020 Proj. Jan 1,237 56,399 4,010 61,645 10,412 1,268 49,966 110.9 Feb 1,330 56,678 3,972 61,980 10,682 1,357 49,941 110.9 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4 2019 Est. Jan 845 43,370 129 44,344 7,105 940 36,299 94.7 Feb 845 43,408 131 44,383 7,109 921 36,353 94.8 2020 Proj. Jan 940 44,914 134 45,988 7,425 945 37,618 97.5 Feb 921 45,285 134 46,340 7,425 915 38,000 98.5 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2 2019 Est. Jan 303 5,849 12 6,164 646 245 5,273 16.0 Feb 303 5,816 12 6,131 639 233 5,259 16.0 2020 Proj. Jan 245 5,910 12 6,167 680 260 5,227 15.8 Feb 233 5,890 12 6,135 660 245 5,230 15.8 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Total Poultry 6/ 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0 2019 Est. Jan 1,153 49,733 144 51,030 7,831 1,190 42,009 112.0 Feb 1,153 49,746 146 51,045 7,829 1,160 42,056 112.1 2020 Proj. Jan 1,190 51,35 9 149 52,698 8,185 1,211 43,302 114.7 Feb 1,160 51,710 149 53,018 8,165 1,166 43,687 115.7 Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Fil ler Red Meat & Poultry 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5 2019 Est. Jan 2,419 104,834 4,426 111,679 17,157 2,427 92,096 223.8 Feb 2,419 104,847 4,420 111,685 17,179 2,489 92,017 223.7 2020 Proj. Jan 2,427 107,758 4,159 114,343 18,597 2,479 93,268 225.6 Feb 2,489 108,388 4,121 114,998 18,847 2,523 93,628 226.5 1/ Total incl uding farm production for red meats and, for poultry, federally inspecte d plus non -federally inspected, less condemnations. 2/ Pounds, retail -weight basis for red meat and broilers; certified ready -to-cook weight for turkey. 3/ Population sour ce: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready -to-cook we ight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. February 2020 WASDE - 597 - 33 U.S. Egg Su pply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Jan Feb Jan Feb Eggs Million Dozen Supply Beginning Stocks 142.2 87.5 78.8 78.8 104.0 108.7 Production 8,942.7 9,114.6 9,379.6 9,394 .0 9,515.0 9,565.0 Imports 34.2 17.8 15.0 14.5 16.0 16.0 Total Sup ply 9,119.1 9,220.0 9,473.4 9,487.3 9,635.0 9,689.7 Use Exports 354.9 333.1 331.7 334.1 310.0 310.0 Hatching Use 1,035.2 1,057.5 1,079.9 1,079 .4 1,110.0 1,110.0 Ending Stocks 87.5 78.8 104.0 108.7 115.0 121.0 Disappearance Total 7,641.5 7,750.6 7,957.9 7,965.2 8,100.0 8,148.7 Per Capita (number) 281.8 284.0 289.9 290.1 293.3 295.1 Total U.S. Milk S upply and Use Commodity 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 P roj. Jan Feb Jan Feb Milk Billion Pounds Production 215.5 217.6 218.3 218.3 222.0 222.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.7 13.6 Marketings 214.5 216.6 217.3 217.3 221.0 221.0 Imports 6.0 6.3 7.1 7.0 6.3 6.3 Total Cml. Supply 233.2 236.3 238.1 238.0 241.0 241.0 Fat Basis Use Commercial Exports 9.2 10.4 9.1 9.1 9.4 9.4 Ending Comme rcial Stocks 13.4 13.8 13.7 13.6 13.4 13.4 CCC Donations 0.0 0.0 0.2 0.2 0.3 0.3 Domestic Commercial Use 210.6 212.1 215.0 215.1 218.0 217.9 Skim -solid Basis Supply Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.3 10.2 Marketings 214.5 216.6 217.3 217.3 221.0 221.0 Imports 6.1 5.5 5.8 5.8 5.5 5.5 Total Cml. Supply 230.1 233.8 233.7 233.8 236.8 236.7 Skim -solid Basis Use Commercial Exports 40.8 44.7 41.2 41.6 43.4 43.6 Ending Commercial Stocks 11.8 10.7 10.3 10.2 10.4 10.3 CCC Donati ons 0.0 0.0 0.2 0.2 0.1 0.1 Domestic Commercial Use 177.5 178.5 182.0 181.8 182.9 182.7 Total Note: Totals may not add due to rounding. February 2020 WASDE - 597 - 34 U.S. Dairy Prices Commodit y 2017 2018 2019 Est. 2019 Est. 2020 Proj. 2020 Proj. Jan Feb Jan Feb Product P rices 1/ Dollars Per Pound Cheese 1.6344 1.5377 1.7586 1.7586 1.835 1.790 Butter 2.3303 2.2572 2.2431 2.2431 1.960 1.910 Nonfat Dry Milk 0.8666 0.7945 1.0419 1.0419 1.255 1.255 Dry Whey 0.4437 0.3422 0.3799 0.3799 0.340 0.345 Fil ler Dollars Per Cwt Milk Prices 2/ Class III 16.17 14.61 16.96 16.96 17.35 16.95 Class IV 15.16 14.23 16.30 16.30 16.90 16.70 All Milk 3/ 17.65 16.27 18.60 18.60 19.25 18.85 1/ Simple average of monthly prices calculated by AMS from weekly aver age dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simp le average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation . February 2020 WASDE - 597 - 35 Reliability of February Projections 1/ Note: Tables on pages 35 -37 present a record of the February projection and the final Estimate. Using world wheat production as an example, the "roo t mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.6 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 1 percent. The aver age differenc e between the February projection and the final estimate is 2.5 million tons, ranging fro m 0 million to 7.3 million tons. The February projection has been below the estimate 28 times and above 10 times. Differences between forecas t and final e stimate 90 percent Years Commodity and Region Root mean square error confiden ce interval Average Smallest Largest Below Final Above Final WHEAT Percent Million Metric Tons Production World 0.6 1.0 2.5 0.0 7.3 28 10 U.S. 0.1 0.2 0.1 0.0 0.3 16 11 Foreign 0.7 1.1 2.5 0.0 7.3 28 10 Exports World 4.7 8.0 4.8 0.1 18.8 28 10 U.S. 4.0 6.9 1.0 0.0 3.0 19 18 Foreign 5.7 9.7 4.6 0.5 18.4 32 6 Domestic Use World 1.0 1.8 4.7 0.1 15.6 17 21 U.S. 3.8 6.5 0.9 0.0 2.4 12 25 Foreign 1.1 1.8 4.5 0.1 15.1 21 17 Ending Stocks World 4.6 7.8 5.8 0.1 18.2 26 12 U.S. 8.4 14.3 1.3 0.0 4.5 26 12 Foreign 5.1 8.7 5.1 0.3 17.0 25 13 COARSE GRAINS 2/ Production World 1.3 2.3 11.5 0.0 36.3 31 7 U.S. 0.2 0.3 0.1 0.0 1.3 18 7 Foreign 1.9 3.2 11.6 0.0 36.3 29 8 Exports World 5.9 10.1 5.9 0.5 27.7 30 8 U.S. 10.6 17.9 4.1 0.1 12.2 19 19 Foreign 9.8 16.7 6.0 0.1 23.4 27 11 Dome stic Use World 1.1 1.9 8.2 0.1 31.3 20 18 U.S. 2.9 4.9 3.9 0.0 17.3 13 24 Foreign 1.3 2.2 8.1 0.5 33.0 25 13 Ending Stocks World 11.1 18.8 15.1 0.2 139.8 33 5 U.S. 14.0 23.7 5.1 0.0 18.5 20 18 Foreign 13.6 23.1 12.8 0.8 144.0 33 5 RICE, milled Produc tion World 1.6 2.7 4.5 0.1 14.0 30 8 U.S. 1.5 2.5 0.1 0.0 0.3 12 6 Foreign 1.6 2.7 4.4 0.1 14.0 30 8 Exports World 8.5 14.5 1.6 0.0 5.2 29 9 U.S. 7.6 13.0 0.2 0.0 0.6 19 17 Foreign 9.5 16.1 1.5 0.0 5.0 28 10 Domestic Use World 1.3 2.2 3.3 0.2 13.3 24 14 U.S. 7.2 12.2 0.2 0.0 0.5 16 22 Foreign 1.3 2.2 3.3 0.1 13.0 24 14 Ending S tocks World 9.3 15.7 5.2 0.2 27.0 31 7 U.S. 19.0 32.2 0.2 0.0 0.5 20 17 Foreign 9.5 16.1 5.2 0.0 26.9 31 6 1/ Footnotes at end of table. CONTINUED February 2020 WASDE - 597 - 36 Reliability of February Projections (Continued) 1/ Differences between forecast and final estimate 90 pe rcent Years Commodity and Region Root mean square error confidence interval Average Smallest Largest Below Final Above Final SOYBEANS Percent Million Metric Tons Production World 2.7 4.7 4.3 0.4 15.3 22 16 U.S. 1.4 2.3 0.7 0.0 3.2 16 16 Foreign 4.6 7.8 4.4 0.3 14.9 24 14 Exports World 6.1 10.4 2.8 0.1 12.0 25 13 U.S. 7.2 12.3 1.8 0.2 6.7 25 13 Foreign 15.4 26.2 2.4 0.0 11.6 18 20 Domestic Use World 2.2 3.8 3.1 0.0 10.9 20 18 U.S. 3.0 5.1 1.1 0.0 3.0 26 12 Foreign 2.7 4.6 2.8 0.0 12.5 20 18 Ending Stocks World 14.1 24.0 3.9 0.0 19.3 22 16 U.S. 40.7 69.1 1.9 0.1 6.9 11 27 Foreign 15.5 26.4 3.5 0.2 19.1 25 13 COTTON Million 480 -Pound Bales Production World 2.4 4.0 1.7 0.0 5.4 28 10 U.S. 1.0 1.7 0.1 0.0 0.3 14 23 Foreign 2.8 4.8 1.7 0.1 5.7 28 10 Exports World 5.6 9.5 1.4 0.0 7.9 24 14 U.S. 10.1 17.2 0.7 0.0 2.2 21 16 Foreign 7.0 11.9 1.2 0.1 7.2 23 15 Domestic Use World 2.3 3.9 1.8 0.3 6.5 20 18 U.S. 4.6 7.9 0.2 0.0 0.9 22 15 Foreign 2.3 4.0 1.7 0.4 6.3 21 17 Ending Stocks World 9.4 16.0 3.5 0.0 8.9 23 14 U.S. 20.7 35.2 0.8 0.0 2.1 12 26 Foreign 10.3 17.4 3.4 0.1 9.3 25 13 1/ Marketing years 1981/82 through 2017/18 for grains, soybean s and cotton. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2017/18. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. Febru ary 2020 WASDE - 597 - 37 Reliability of United States February Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square error confidence interval Average Smallest Largest Below Final Above Final CORN Percent Million Bushels Production 0.2 0.3 2 0 41 2 2 Exports 11.2 19.0 150 9 388 17 21 Domestic Use 2.8 4.8 134 6 474 15 23 Ending Stocks 15.9 27.0 203 8 838 22 16 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 15.3 26.0 26 0 97 24 12 Domestic Use 14.7 24.9 30 1 178 17 21 Ending Stocks 41.5 70.4 24 1 148 13 25 BARLEY Production 0.7 1.3 1 0 11 17 4 Exports 21.0 35.7 6 0 35 12 21 Domestic Use 7.0 11.8 15 0 70 16 20 Ending Stocks 12.8 21.7 13 0 52 25 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 50.4 85.5 1 0 3 7 8 Domestic Use 5.2 8.8 11 1 36 15 23 Ending Stocks 16.9 28.7 12 1 47 22 16 SOYBEAN MEAL Thousan d Short Tons Production 3.0 5.1 858 35 3,117 28 10 Exports 9.5 16.0 622 1 2,626 29 9 Domestic Use 2.6 4.4 556 7 2,066 23 15 Ending Stocks 35.3 59.9 68 0 253 16 20 SOYBEAN OIL Million Pounds Production 2.9 4.9 399 7 1,242 26 12 Exports 21.8 37.0 281 25 1,025 21 17 Domestic Use 3.0 5.1 372 0 1,261 25 12 Ending S tocks 19.4 32.9 283 25 1,131 22 16 ANIMAL PROD. Million Pounds Beef 2.9 4.9 584 9 1,613 24 13 Pork 3.0 5.1 377 10 1,717 23 14 Broilers 1.6 2.7 354 16 1,011 24 13 Turkeys 2.8 4.8 118 2 465 19 18 Million Dozen Eggs 1.8 3.1 99 6 525 23 14 Billion Pounds Milk 1.3 2.2 1.4 0.0 5.7 18 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2018/19 for grains, soybeans, and cotton. Final for grains, soybeans, and c otton is defined as the first November estimate following the marketing year for 1981/82 through 2018/19. Calendar years 1982 through 2018 for meats, eggs, and milk. Final for anima l products is defined as the latest annual production estimat e published b y NASS for 1982 -2018. WASDE- 597-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other governmen t agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricult ural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/com modity/wasde. Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at https://apps.fas.usda.gov/psdonline/app/index.html . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Fore ign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECA D is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric -Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 2020 Agricultural Outlook Forum Program Thursday, February 20 8:10 a.m. 2020 Agricultural Economic & Foreign Trade Outlook – Chief Economist Robert Johansson 8:45 a.m. Keynote Address – Secretary of Agriculture Sonny Perdue 8:55 a.m. Fireside Chat – Secretary of Agriculture with John Hartnett 9:45 a.m. Coffee Break 10:15 a.m. Plenary Panel/Speakers --- Innovation as a Solution for Farmers 12:15 p.m. Network ing Lunch (75 Minutes) Salon A -E Food Price & Farm Income Outlooks U.S. Trade & The Global Market Place New Frontiers in Agriculture Managing Risk & Ensuring Sustainability Rural Economy 1:45 -3:15 p.m. Food Price Outlook Salon 4 Black Sea Grain Export Market Salon 1&2 Hemp Market Prospects Salon 3 Preparing for Disaster & Drought Resilience and Recovery Salon 5&6 Filling Infrastructure Gaps in Rural Communities to Spur Innovation Salon J&K 3:15-3:45 p.m. Coffee Break 3:45 -5:15 p.m. The State of the Farm Economy Salon 4 China at a Crossroad Salon 3 Data Changes Everything: Innovation Overcoming Challenges to Data Sharing, Estimates, and Access Salon 1&2 Mitigating Production Risk During Extreme Weather Conditions Salon 5&6 From Heirs Property to High-Tech: Economic Issues Facing Beginning, Minority, and Other Underserved Farmers and Ranchers Salon J&K `6:30 p.m. Dinner Speaker “Innovation Imperative” Friday, February 21 8:30-9:30 a.m. Morning get together : Feeding the World Through Innovation 9:30-10:00 a.m. Coffee Break Commodity Outlook U.S. Trade & The Global Market Place Science &Technology Managing Risk & Ensuring Sustainability Commodity Outlooks 10:00 -11:30 a.m. Grains and Oilseeds Outlook Salon 3 African Swine Fever Global Disruption and USDA Response Initiative Salon 5&6 Beyond the Impossible: Science Supporting Food Safety Policy Making and Consumers Salon 1&2 USDA’s Agriculture Innovation Agenda: Positioning the Sector for Success Salon 4 Sugar Outlook Salon J&K 12:00 -1:15 p.m. Luncheons (75 minutes) Cotton &Fiber Salon 1&2 Grains & Oilseeds Salon 3 Livestock & Poultry Salon 4 Specialty Crops Salon 5&6 Sugar & Sweeteners Salon J&K 1:45 -3:15 p.m. Cotton Outlook Salon 1&2 U.S. Agricultural Trade Agenda: Current Status and the Road Ahead Salon 3 New Food Technology: What's in a Name? Salon 4 Partnerships and Priorities on Water Conservation Salon J&K Livestock & Poultry Outlook Salon 5&6 3:15-3:30 p.m. Coffee Break 3:30 -5:00 p.m. Food and Nutrition Service : Serving America for 50 Years Salon 3 Preserving the Integrity of Agricultural Research, Innovation, and Trade Salon 4 Organic Outlook Salon 5&6 Food Loss and Waste A Multi -Billion Dollar Opportunity Salon J&K Dairy Outlook Salon 1&2 ADJOURN For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ To subscribe to receive WASDE -related notifications by email or text message visit https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223 . Previous WASDE reports are available at https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en For questions contact: Mirvat Sewadeh at 202 -720-5447 or [email protected] World Agricu ltural Supply and Demand Estimates WASDE -597 – February 11, 2020 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disabilit y, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326- W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250- 9410 or call ( 202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 556 Approved by the Worl d Agricultural Outlook Board August 12, 2016 WHEAT: Projected U.S. supplies for 2016/17 are raised on a larger crop that is partially offset by lower imports. U.S. wheat production is raised for all 5 major wheat classes. Projected imports are lowered 5 million bushels on larger supplies of U.S. spring wheat. All wheat exports for 2016/17 are projected 25 million bushels higher to 950 million on expectations of an improved competitive situation and a sharp reduction of EU wheat production, which is expected to benefit North American suppliers. Feed and residual use is raised 30 million bushels on the larger domestic crop. The increased use offsets th e higher supplies and ending stocks are slightly lower. The season-average farm price is lowered 5 cents on the low end and 15 cents on the high end to $3.35 to $4.05 per bushel. Global wheat supplies for 2016/17 are raised 2.3 m illion tons on a 4.9-million production increase that is partially offset by a decrease in beginning stocks. The Russia wheat crop is raised 7.0 million tons to 72.0 million on excellent growing conditions throughout the country and harvest reports showing very high yields. Ukraine and Kazakhstan are raised 2.0 million tons each, also on harvest reports and favorable weather. Austra lia and Canada production is raised 1.0 million tons each, on favorable growing conditions. These large production increases are partially offset by a 9.0-million-ton reduction in the EU, due to ex cessive rain in key growing regions, particularly in France. Unrelenting rain during flowering and grain fill damaged crop quality and sharply lowered yield prospects. French yields are project ed to be the lowest in nearly thirty years. For the EU as a whole, 2016/17 yields are projected to be the lowest since 2012/13. Global trade is raised 2.3 million tons on large r global supplies. Russia exports are raised 4.5 million tons to a record 30.0 million on the sharp production increase. Russia is projected to be the world’s largest wheat exporter for the first ti me. Ukraine exports are raised 2.0 million tons, and Australia, Canada, and Kazakhstan are each raised 1.0 million, all due to increased production. These increases are partially offset by a 7.0-million-ton reducti on in EU exports due to the sharply smaller crop. Argentina exports are also lowered 1.0 million tons on reduced production and lower beginning stocks. Global use is up 3.2 million tons led by a 1.0-million-ton increase in Russia feed use, a 0.8-million-ton in crease in U.S. feed use, and a 0.4-million-ton increase in Afghanistan food use. With total us e rising faster than supplies, world ending stocks are lowered 0.9 million tons but remain record large. COARSE GRAINS: Projected 2016/17 U.S. feed grain supplies are increased this month with higher forecast corn, sorghum, barley, and oats pr oduction. Corn production is forecast at a record 15.2 billion bushels, up 613 million from t he July projection. The season’s first survey- based corn yield forecast, at 175.1 bushels per acre, is up 7.1 bushels fr om last month’s trend- based projection and above the record 171.0 bushels in 2014/15. The Crop Production report indicates that nearly all Corn Belt states, with the exception of Minnesota and South Dakota, are forecast to have yields above a year ago. Sorghum production is forecast 55 million bushels higher with the forecast yield 8.4 bushels per acre above last month’s projection. WASDE-556-2 U.S. corn supplies for 2016/17 are projected at a record 16.9 billion bushels, up 1.5 billion from the prior year with the larger crop and small incr eases in beginning stocks and imports. Ending stocks for 2015/16 are raised 5 m illion bushels reflecting a larger import projection and offsetting usage changes. Imports are raised as the pace of organic corn imports through June has been above expectations. Corn use for ethanol production in 2015/16 is lowered 25 million bushels, based on the latest indications from the Grain Crushings and Co-Products Production report. An offsetting 25-million-bushel increase is made to corn exports s upported by the rece nt robust pace of shipments and sales. Total U.S. corn use for 2016/17 is projected 300 million bushels higher at a record 14.5 billion. Feed and residual use is raised 175 million bushels with the larger crop and lower expected prices. Exports are projected 125 million bushels higher, reflecting the rela tive competitiveness of U.S. corn on the world market and large new-cro p outstanding sales. Corn ending stocks for 2016/17 are projected 328 million bushels higher and, if realiz ed, would be the highest since 1987/88. The projected range for the season-average corn price received by producers is lowered 25 cents on both ends to $2.85 to $3.45 per bushel. This would be down 45 cents at the midpoint from the $3.55 to $3.65 per bushel range now expected for 2015/16. The all barley price is raised this month based on early indications of prices received by farmers for malting barley. Foreign coarse grain supplies for 2016/17 are projected 5.1 million tons higher this month with a 2.3-million-ton increase in beginning stocks and a 3. 0-million-ton increase in production. Foreign corn carryin is up, mostly reflecting lower 2015/16 corn feeding in Indonesia, Canada, and Ukraine as 2015/16 corn production increases for the EU and South Africa offset a further reduction for Brazil. Foreign corn production for 2016/17 is raised 2.1 million tons with increases for Argentina, India, and Mexico more than offsetting reductions for the EU and Canada. Corn area is raised in Argentina on an expected reduction in planted area for wheat and small grains. For India, corn area is increased as favorable ra infall has boosted plantings to date as reported in the latest government statistics. Abundant summer rainfall in Mexico boosts corn yield prospects, but persistent dryness in Ontario reduc es the outlook for production in Canada. EU corn production is lowered mostly on reductions for Spain and France. Global coarse grain consumption for 2016/17 is raised 8.9 million tons this month with higher corn use in the United States accounting for half of the increase. Outside the United States, corn feeding is raised for Mexico, Indi a, and the EU. Partly offsetting is a 1.0-million-ton reduction in corn feeding for Indonesia, where government import licensing policy is expected to reduce corn imports. Global coarse grain trade is raised reflecting increases for corn and to a lesser extent barley. Global 2016/17 coarse grain ending st ocks are projected 13.4 million tons higher reflecting larger corn and barley stocks. Global corn stocks are projected 12.4 million tons higher with the United States accounting for two-thirds of the increase. RICE: Total U.S. rice supplies for 2016/17 are lowe red 2.2 million cwt from last month to 307.7 million, still the highest on reco rd. Carryin is lowered 1.5 m illion cwt to 39.4 million due to 2015/16 revisions. The 2016/17 U.S. rice production forecast is lowered 0.7 million cwt to a record 244.3 million based on the first survey-based yield forecast of the 2016/17 crop. At 7,659 pounds per acre, the 2016/17 yield is down 21 pounds from the previous projection. With no revisions to the use side of the 2016/17 rice balance sheet, the lower supply forecast reduces the 2016/17 U.S. ending stocks 2.2 million cwt to 54.7 million, still the highest since 1985/86. For 2015/16, total U.S. exports are ra ised 1.5 million cwt to 104.5 mil lion, with long-gr ain accounting for all of the increase. The only price revision for 2015/16 is a 20-cent reduction in the season-average farm price for California medium- and short-grain rice to $18.00 per cwt. For 2016/17, the U.S. long-grain price WASDE-556-3 is lowered 50 cents on both the high and low ends of the range to $9.50 to $10.50 per cwt. The California 2016/17 medium- and short-grain price is lowered $1.00 on both ends to $14.50 to $15.50 per cwt. The other states medium- and short-grain 2016/17 price is lowered 50 cents on both ends to $10.00 to $11.00 per cwt. The 2016/17 global production forecast is lowered fractionally to 481 .1 million tons (milled basis), still the highest on record. Crop forecasts for 2016/17 are lowered for Afghanistan and Bolivia but raised for Iran. For 2015/16, the Indonesia crop estimate is increased, while Vietnam is lowered. Global consumption for 2016/17 is lowe red 1.8 million tons to 478.8 million, mostly due to a reduction for India. The 2016/17 global export forecast is raised slightly to 40.6 million tons, with stronger shipments from India offsetting weaker exports from Vietnam. The 2016/17 global ending stocks forecast is increased 6.5 million tons to 113.8 million, 2 percent above the previous year’s revised estimate. India accounts for most of the upward revision in the global ending stocks forecasts for both 2015/16 and 2016/17. OILSEEDS: U.S. oilseed production fo r 2016/17 is projected at 120. 2 million tons, up 4.8 million from last month due to a higher soybean production forecast. Soybean production for 2016/17 is forecast at 4,060 million bushels, up 180 million due to increased yields . Harvested area is forecast at 83.0 million acres, unchanged from the July projection. The first survey-based soybean yield forecast of 48.9 bushels per acre is 2.2 bushels above last month and 0.9 bushels above last year’s record. With higher production only partly offset by lower beginning stocks, soybean supplies for 2016/17 are pr ojected at a record 4,346 millio n bushels. Soybean crush is raised 15 million bushels based on expected higher domestic use and exports of soybean meal. Soybean exports are raised 30 m illion bushels to 1,950 million. Despite higher use, soybean ending stocks are proj ected at 330 million bushels, up 40 million from last month. The U.S. season-average soybean price for 2016/17 is forecast at $8.35 to $9.85 per bushel, down 40 cents on both ends of the range. Soybean meal prices are forecast at $305 to $345 per short ton, down 20 dollars at the midpoint. The soybean oil price forecast is unchanged at 29.5 to 32.5 cents per pound. U.S. changes for 2015/16 include increased soybean crush and exports, and lower ending stocks. The soybean crush is ra ised 10 million bushel s to 1,900 million re flecting increased domestic use and exports of soybean meal. Soybean exports are raised 85 million bushels to 1,880 million as unusually large ou tstanding old-crop sales are conf irmed by the latest shipment data. With increased use, 2015/ 16 ending stocks are projected at 255 million bushels, down 95 million from last month. Global oilseed production for 2016/ 17 is projected at 543.5 million tons, up 7.0 million from last month. Global soybean production is projected at a record 330.4 million tons, up 4.5 million. The U.S. production increase is partly offset by reductions for both India and Ukraine with the latest planting data for both countries indicating lower forecasts for harvested area. Rapeseed production is raised for Canada where abundant moisture and favorable temperatures in July helped to boost yield prospects. Partly offsetting is a reduction for EU rapeseed production on excessive moisture in key grow ing areas, particularly in France. Other changes include increased sunflowerseed production for Russia and Ukraine, increased peanut production for India and Senegal, increased cottonseed production for China, and reduced cottonseed production for India. For 2015/16 , global vegetable oil trade is expected to decline 1.5 million tons from last month due to lower palm oil production in Indonesia and Malaysia. WASDE-556-4 Global oilseed supplies for 2016/17 are raised 8.1 million tons with increased production and higher beginning stocks. With larger supplies onl y partly offset by increased crush, 2016/17 global oilseed stocks are projected at 80.6 million tons, up 4.5 million from last month. SUGAR: Sugar production for the fiscal year 2016/1 7 is increased 247,901 short tons, raw value (STRV) to 9.208 million resulting from new sugar crop forecasts made by NASS in the August Crop Production report. Beet sugar is increased 128,160 STRV based on higher sugar per acre implied by the NASS sugarbeet yield forecast alt hough area harvested is down slightly. Cane sugar production in Florida is increased by 47,786 STRV and in Louisiana by 71,955 based on higher sugar-per-acre yields implied by NASS sugarcane yield forecasts in both States. Beginning stocks for 2016/17 are increased by 35 ,012 STRV due to changes made to two import estimates for 2015/16 that flowed into the ending stock estimate. Re-export imports for 2015/16 are increased by 50,000 STRV to 350,000 based on pace to date. Partially offsetting is an increase in 2015/16 raw sugar tariff-rate quota shortfall of 14,988 STRV. The only other change for 2016/17 is a reduct ion in re-export imports of 50,000 STRV to 125,000. With no change expected for 2016/17 sugar exports, deliveries for re-export sugar-containing products, or polyhydric alcohol manufacturing, the imports for re-export reduction offsets the increase made for 2015/16. Ending stocks for 2016/17 incr ease to 1.887 million STRV, implying a stocks-to-use of 15.4 percent. Mexico sugar production for 2015/16 is estimated at 6.117 million metric tons (MT), a small reduction from last month based on final industry reporting. Deliveries for 2015/16 to the sugar- containing product export IMMEX program are increased by 75,283 MT to 330,000 based on increases in the pace of deliveries to the prog ram by domestic producers. Deliveries to IMMEX in 2016/17 are expected to match the level in 2015/16, thereby resulting in an increase of 75,283 MT as well. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production for 2016 is reduced from last month as increased beef and turkey production is more than offset by lower forecast pork and broiler production. Beef production is forecast higher on higher expected third quarter steer and heifer slaughter. However, second quarter production is adjusted lower to reflect June production data. Pork production for 2016 is lowered on expectations of slightly lighter carcass weights for the remainder of the year. Broiler production is lowered on slower expected growth in the fourth quarter. Turkey production is raised for 2016, largely on June production data. Production forecasts for 2017 red meat and poultry are raised as lower forecast feed prices are expected to encourage increased production. Table egg production is raised for 2016 on June production data; the 2017 forecast is unchanged. The beef import forecasts for 2016 and 2017 are raised in part due to expectations of increased imports from Brazil beginning in the later part of 2016. Beef exports for 2016 are lowered based on June trade data; no change is made to the 2017 forecast. Small adjustments are made to pork trade based on June data; no change is made to the forecasts. Broiler exports for 2016 are lowered due to a slower pace of exports in June; no change is made to 2017. No change is made to turkey exports. Cattle, hog, and broiler prices for second-half 2016 are reduced from last month on weakness in current prices. Prices for cattle, hogs and broilers for 2017 are reduced from last month as production is forecast higher; however, the annual price range for cattle is unchanged. Turkey WASDE-556-5 prices are raised for the third quarter of 2016 but are unchanged for 2017. Egg prices are lowered for 2016 and 2017. The milk production forecast for 2016 is lowered from last month as growth in milk per cow is reduced. However, the production forecast for 2017 is raised as higher forecast milk prices and lower feed costs in late 2016 and 2017 are expected to lead to a modest expansion in the cow inventory and more rapid growth in milk per co w. Fat basis exports are raised for 2016 on continued strength in whole milk powder (WMP) ex ports. The forecast for 2017 is unchanged. On a skim-solids basis, the export forecasts fo r 2016 and 2017 are raised on higher sales of WMP and whey products. Imports are raised for 2016 and 2017 as imports of fat-containing products has increased. Fat basis stocks are forecast higher as stocks of butter remain high, but on a skim-solids basis, stocks are reduced. Cheese, nonfat dry milk (NDM) and whey prices for 2016 are forecast higher as demand remains firm, but the forecast for butter price is reduce d as stocks remain larger than expected. The Class III price is raised, reflec ting higher cheese and whey prices, but the Class IV price is lowered as the lower butter price more than offs ets the higher NDM price. For 2017, prices of cheese, butter, and whey are in creased, but NDM is unchanged fr om last month. The Class III and Class IV price forecasts are raised on the stro nger component prices. The all milk prices are forecast higher at $16.25 to $16.45 per cwt for 2016 and $16.15 to $17.15 per cwt for 2017. COTTON: The 2016/17 U.S. cotton supply and demand estimates include marginally higher production and ending stocks, with the farm price projected 7 percent above last month. Production is forecast at 15.9 million bales based on NASS’s first survey of the 2016 crop. Domestic mill use and exports are unchanged fr om last month, raising ending stocks to 4.7 million bales, equivalent to 31 percent of total us e. The marketing year average price received by producers is projected to range from 57 to 69 cents per pound. The midpoint of 63 cents per pound is raised 4 cents from last month’s estima te based on recent price activity and tighter global cotton supplies. Projected world 2016/17 cotton ending stocks are down 2 percent this month, due to combination of lower beginning stocks and production. Be ginning stocks are reduced by 1.1 million bales, due mainly to revisions in China, India, and Australia. Production is reduced for China, India, Mexico, and Argentina, partially offset by an incr ease for Brazil. Global consumption and imports are estimated marginally lower, mainly reflecting reductions in Vietnam and Pakistan. Exports are reduced for Brazil. World ending stocks are lowered 1.7 million bales to 89.6 million. Stocks outside of the United States and China are projected at 36 percent of total use, similar to the estimated 2015/16 ratio. Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: ROBERT C. JOHANSSON SECRETARY OF AGRICULTURE DESIGNATE WASDE-556-6 INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: William Chambers, ICEC Chair, WAOB, E-mail : [email protected] Jennifer Bond, ERS; Teresa McKeiv ier, FAS; Mark Simone, FSA. Rice: William Chambers, ICEC Chair, WAOB, E-mail : wchambers @oce.usda.gov Nathan Childs, ERS; Rachel Tr ego, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Yoonhee Mack e, FAS; Susan Proper, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George , FAS; Susan Proper, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Sherrie Grimm, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Mildred Haley, ERS; Cl aire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Joa nna Hitchner, FAS; Milt on Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Roger Cryan, AMS; Jerry Cessna, ERS; Pa ul Kiendl, FAS; Milt on Madison, FSA. In 2016, the WASDE report will be released on Sep. 12, Oct. 12, Nov. 9, Dec. 9. WASDE-556-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds .............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use .................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use ..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use......................................................................... 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 August 2016 WASDE - 556 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World Outpu tTotal SupplyTrade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 2511.88 3031.15 393.72 2455.68 575.47 2015/16 (Est.) 2453.78 3029.25 375.05 2431.10 598.15 filler filler filler filler filler 2016/17 (Proj.) Jul 2522.15 3115.98 381.36 2512.88 603.10 2016/17 (Proj.) Aug 2547.09 3145.24 388.34 2523.14 622.10 filler filler filler filler filler Wheat 2014/15 727.87 921.71 164.42 705.63 216.09 2015/16 (Est.) 734.80 950.89 170.56 709.01 241.88 filler filler filler filler filler 2016/17 (Proj.) Jul 738.51 983.04 168.43 729.34 253.70 2016/17 (Proj.) Aug 743.44 985.32 170.70 732.50 252.82 filler filler filler filler filler Coarse Grains 5/ 2014/15 1305.30 1516.97 185.66 1271.87 245.09 2015/16 (Est.) 1248.16 1493.25 163.30 1248.49 244.76 filler filler filler filler filler 2016/17 (Proj.) Jul 1302.40 1545.02 172.40 1302.92 242.10 2016/17 (Proj.) Aug 1322.56 1567.33 176.99 1311.82 255.51 filler filler filler filler filler Rice, milled 2014/15 478.70 592.47 43.64 478.18 114.29 2015/16 (Est.) 470.82 585.11 41.19 473.60 111.51 filler filler filler filler filler 2016/17 (Proj.) Jul 481.23 587.93 40.53 480.63 107.30 2016/17 (Proj.) Aug 481.08 592.59 40.65 478.83 113.77 filler filler filler filler filler United States Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2014/15 439.49 499.23 83.28 346.98 68.98 2015/16 (Est.) 428.85 505.54 82.34 347.95 75.24 filler filler filler filler filler 2016/17 (Proj.) Jul 454.72 537.51 86.85 361.98 88.68 2016/17 (Proj.) Aug 473.44 556.18 91.47 367.63 97.08 filler filler filler filler filler Wheat 2014/15 55.15 75.33 23.52 31.33 20.48 2015/16 (Est.) 55.84 79.39 21.09 31.59 26.71 filler filler filler filler filler 2016/17 (Proj.) Jul 61.53 91.51 25.17 36.25 30.08 2016/17 (Proj.) Aug 63.16 92.99 25.86 37.20 29.93 filler filler filler filler filler Coarse Grains 5/ 2014/15 377.23 414.99 56.70 311.34 46.95 2015/16 (Est.) 366.90 417.73 57.93 312.51 47.29 filler filler filler filler filler 2016/17 (Proj.) Jul 385.40 436.16 58.02 321.35 56.79 2016/17 (Proj.) Aug 402.53 453.42 61.96 326.04 65.41 filler filler filler filler filler Rice, milled 2014/15 7.11 8.91 3.06 4.30 1.55 2015/16 (Est.) 6.11 8.42 3.32 3.85 1.25 filler filler filler filler filler 2016/17 (Proj.) Jul 7.78 9.84 3.65 4.38 1.81 2016/17 (Proj.) Aug 7.76 9.77 3.65 4.38 1.74 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). August 2016 WASDE - 556 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ Outpu tTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2014/15 2,072.39 2,531.92 310.44 2,108.70 506.49 2015/16 (Est.) 2,024.93 2,523.71 292.71 2,083.14 522.91 filler filler filler filler filler 2016/17 (Proj.) Jul 2,067.43 2,578.48 294.51 2,150.90 514.42 2016/17 (Proj.) Aug 2,073.65 2,589.06 296.87 2,155.51 525.02 filler filler filler filler filler Wheat 2014/15 672.73 846.38 140.90 674.29 195.61 2015/16 (Est.) 678.96 871.50 149.47 677.42 215.18 filler filler filler filler filler 2016/17 (Proj.) Jul 676.98 891.53 143.25 693.08 223.62 2016/17 (Proj.) Aug 680.29 892.33 144.85 695.30 222.89 filler filler filler filler filler Coarse Grains 5/ 2014/15 928.07 1,101.98 128.96 960.53 198.15 2015/16 (Est.) 881.26 1,075.53 105.37 935.98 197.47 filler filler filler filler filler 2016/17 (Proj.) Jul 917.00 1,108.85 114.38 981.57 185.30 2016/17 (Proj.) Aug 920.04 1,113.91 115.03 985.77 190.10 filler filler filler filler filler Rice, milled 2014/15 471.60 583.55 40.58 473.88 112.74 2015/16 (Est.) 464.71 576.69 37.87 469.75 110.26 filler filler filler filler filler 2016/17 (Proj.) Jul 473.45 578.09 36.88 476.25 105.50 2016/17 (Proj.) Aug 473.33 582.82 37.00 474.45 112.03 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales Outpu tTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2014/15 119.10 222.33 35.42 110.13 112.41 2015/16 (Est.) 96.93 209.33 34.94 110.19 99.18 filler filler filler filler filler 2016/17 (Proj.) Jul 102.55 202.82 34.36 111.60 91.29 2016/17 (Proj.) Aug 101.58 200.76 34.02 111.26 89.61 filler filler filler filler filler United States 2014/15 16.32 18.68 11.25 3.58 3.70 2015/16 (Est.) 12.89 16.62 9.20 3.50 3.90 filler filler filler filler filler 2016/17 (Proj.) Jul 15.80 19.71 11.50 3.60 4.60 2016/17 (Proj.) Aug 15.88 19.79 11.50 3.60 4.70 filler filler filler filler filler Foreign 4/ 2014/15 102.78 203.65 24.18 106.56 108.71 2015/16 (Est.) 84.04 192.71 25.74 106.69 95.28 filler filler filler filler filler 2016/17 (Proj.) Jul 86.75 183.11 22.86 108.00 86.69 2016/17 (Proj.) Aug 85.70 180.97 22.52 107.66 84.91 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. August 2016 WASDE - 556 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World Outpu tTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 536.81 614.64 146.95 439.31 93.08 2015/16 (Est.) 519.10 612.18 153.48 450.27 83.64 filler filler filler filler filler 2016/17 (Proj.) Jul 536.44 619.05 156.56 462.34 76.06 2016/17 (Proj.) Aug 543.46 627.11 158.56 464.72 80.49 filler filler filler filler filler Oilmeals 2014/15 299.54 313.58 85.40 294.46 15.31 2015/16 (Est.) 308.85 324.16 89.44 306.11 14.03 filler filler filler filler filler 2016/17 (Proj.) Jul 318.00 332.87 93.24 316.25 13.93 2016/17 (Proj.) Aug 319.37 333.39 93.44 316.26 13.10 filler filler filler filler filler Vegetable Oils 2014/15 177.21 200.15 76.60 171.92 22.41 2015/16 (Est.) 177.90 200.31 75.84 178.44 19.55 filler filler filler filler filler 2016/17 (Proj.) Jul 186.17 205.90 78.87 184.21 18.34 2016/17 (Proj.) Aug 186.92 206.47 78.88 184.43 18.13 filler filler filler filler filler United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2014/15 116.03 121.83 51.12 55.10 6.76 2015/16 (Est.) 116.05 123.97 52.24 55.46 9.12 filler filler filler filler filler 2016/17 (Proj.) Jul 115.38 128.04 53.29 56.57 9.86 2016/17 (Proj.) Aug 120.21 130.71 54.19 57.08 11.10 filler filler filler filler filler Oilmeals 2014/15 43.27 47.43 12.15 35.00 0.29 2015/16 (Est.) 42.98 47.39 11.04 36.02 0.34 filler filler filler filler filler 2016/17 (Proj.) Jul 43.87 48.50 11.38 36.79 0.34 2016/17 (Proj.) Aug 44.32 48.66 11.49 36.84 0.34 filler filler filler filler filler Vegetable Oils 2014/15 10.94 16.13 1.17 13.75 1.21 2015/16 (Est.) 11.21 16.84 1.30 14.24 1.30 filler filler filler filler filler 2016/17 (Proj.) Jul 11.36 17.25 1.35 14.67 1.23 2016/17 (Proj.) Aug 11.47 17.20 1.35 14.70 1.15 filler filler filler filler filler Foreign 3/ OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2014/15 420.79 492.81 95.84 384.21 86.33 2015/16 (Est.) 403.05 488.21 101.24 394.82 74.52 filler filler filler filler filler 2016/17 (Proj.) Jul 421.06 491.01 103.27 405.78 66.20 2016/17 (Proj.) Aug 423.26 496.39 104.37 407.63 69.39 filler filler filler filler filler Oilmeals 2014/15 256.27 266.14 73.25 259.47 15.02 2015/16 (Est.) 265.87 276.77 78.40 270.09 13.69 filler filler filler filler filler 2016/17 (Proj.) Jul 274.13 284.37 81.86 279.46 13.60 2016/17 (Proj.) Aug 275.05 284.73 81.95 279.42 12.77 filler filler filler filler filler Vegetable Oils 2014/15 166.27 184.02 75.42 158.17 21.20 2015/16 (Est.) 166.70 183.47 74.54 164.20 18.25 filler filler filler filler filler 2016/17 (Proj.) Jul 174.81 188.65 77.52 169.53 17.11 2016/17 (Proj.) Aug 175.45 189.27 77.54 169.73 16.98 filler filler filler filler filler 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. August 2016 WASDE - 556 - 11 U.S. Wheat Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Million Acres Area Planted 56.8 54.6 50.8 50.8 Area Harvested 46.4 47.1 44.1 44.1 Bushels Yield per Harvested Acre 43.7 43.6 51.3 52.6 Million Bushels Beginning Stocks 590 752 981 981 Production 2,026 2,052 2,261 2,321 Imports 151 113 120 115 Supply, Total 2,768 2,917 3,362 3,417 Food 958 957 963 968 Seed 79 68 69 69 Feed and Residual 114 135 300 330 Domestic, Total 1,151 1,161 1,332 1,367 Exports 864 775 925 950 Use, Total 2,015 1,936 2,257 2,317 Ending Stocks 752 981 1,105 1,100 Avg. Farm Price ($/bu) 2/ 5.99 4.89 3.40 - 4.20 3.35 - 4.05 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winte rHard Red SpringSoft Red Winte r White Durum Total Millio n Bushel s 2015/16 (Est.) Beginning Stocks 294 212 154 67 26 752 Production 827 564 359 219 82 2,052 Supply, Total 3/ 1,127 825 531 292 142 2,917 Domestic Use 455 295 255 72 85 1,161 Exports 226 252 120 147 29 775 Use, Total 681 547 375 219 114 1,936 Ending Stocks, Total 446 278 157 74 28 981 2016/17 (Proj.) Beginning Stocks 446 278 157 74 28 981 Production 1,048 531 372 278 92 2,321 Supply, Total 3/ 1,499 850 554 360 155 3,417 Domestic Use 581 322 274 102 88 1,367 Exports 340 290 125 155 40 950 Use, Total 921 612 399 257 128 2,317 Ending Stocks, Total Aug 578 238 155 103 27 1,100 Ending Stocks, Total Jul 578 254 152 89 33 1,105 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. August 2016 WASDE - 556 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Million Acres Area Planted 103.5 103.1 107.4 * 107.4 Area Harvested 93.1 93.0 96.7 * 96.7 Metric Tons Yield per Harvested Acre 4.05 3.94 3.98 4.16 Million Metric Tons Beginning Stocks 34.3 46.9 47.4 47.3 Production 377.1 366.6 385.1 402.2 Imports 3.2 3.7 3.1 3.4 Supply, Total 414.6 417.2 435.6 452.9 Feed and Residual 139.3 137.2 144.9 149.1 Food, Seed & Industrial 171.6 174.8 175.9 176.4 Domestic, Total 310.9 312.0 320.8 325.5 Exports 56.7 57.9 58.0 62.0 Use, Total 367.6 369.9 378.8 387.5 Ending Stocks 46.9 47.3 56.8 65.4 CORN 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Million Acres Area Planted 90.6 88.0 94.1 * 94.1 Area Harvested 83.1 80.7 86.6 * 86.6 Bushels Yield per Harvested Acre 171.0 168.4 168.0 * 175.1 Million Bushels Beginning Stocks 1,232 1,731 1,701 1,706 Production 14,216 13,601 14,540 15,153 Imports 32 65 40 50 Supply, Total 15,479 15,397 16,281 16,909 Feed and Residual 5,314 5,200 5,500 5,675 Food, Seed & Industrial 2/ 6,567 6,567 6,650 6,650 Ethanol & by-products 3/ 5,200 5,200 5,275 5,275 Domestic, Total 11,881 11,767 12,150 12,325 Exports 1,867 1,925 2,050 2,175 Use, Total 13,748 13,692 14,200 14,500 Ending Stocks 1,731 1,706 2,081 2,409 Avg. Farm Price ($/bu) 4/ 3.70 3.55 - 3.65 3.10 - 3.70 2.85 - 3.45 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by fa rmers. * For July, corn planted and harv ested area as reported in the June 30, 2016, "Acreage." Projected corn yiel d based on a weather adjusted trend model and assumes normal July growing conditions. (For an explanation of the yield trend model see Westcott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA-ERS, Feed Outlook No. (FDS-13G-01), July 2013, www.ers.usda.gov/publications/fds-feed-outlook/fds-13g-01.aspx.) August 2016 WASDE - 556 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 7.1 8.5 7.2 * 7.2 Area Harvested (mil. acres) 6.4 7.9 6.5 * 6.5 Yield (bushels/acre) 67.6 76.0 65.1 * 73.5 Beginning Stocks 34 18 45 35 Production 433 597 420 475 Imports 0511 Supply, Total 467 620 466 511 Feed and Residual 82 100 100 90 Food, Seed & Industrial 15 140 100 120 Total Domestic 97 240 200 210 Exports 352 345 220 250 Use, Total 449 585 420 460 Ending Stocks 18 35 46 51 Avg. Farm Price ($/bu) 2/ 4.03 3.25 - 3.35 2.85 - 3.45 2.70 - 3.30 Filler Filler Filler Filler Filler BARLEY 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.0 3.6 3.0 * 3.0 Area Harvested (mil. acres) 2.5 3.1 2.6 * 2.6 Yield (bushels/acre) 72.7 68.9 70.9 * 73.6 Beginning Stocks 82 79 102 102 Production 182 214 183 190 Imports 24 19 20 20 Supply, Total 287 311 305 312 Feed and Residual 43 46 50 50 Food, Seed & Industrial 151 153 153 153 Total Domestic 194 198 203 203 Exports 14 11 15 15 Use, Total 209 209 218 218 Ending Stocks 79 102 87 94 Avg. Farm Price ($/bu) 2/ 5.30 5.52 4.30 - 5.10 4.55 - 5.35 Filler Filler Filler Filler Filler OATS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.8 3.1 3.0 * 3.0 Area Harvested (mil. acres) 1.0 1.3 1.2 * 1.2 Yield (bushels/acre) 67.9 70.2 65.8 * 66.0 Beginning Stocks 25 54 57 57 Production 70 90 77 77 Imports 1 0 98 69 59 5 Supply, Total 204 229 228 229 Feed and Residual 71 93 90 90 Food, Seed & Industrial 77 77 78 78 Total Domestic 148 170 168 168 Exports 2222 Use, Total 150 172 170 170 Ending Stocks 54 57 58 59 Avg. Farm Price ($/bu) 2/ 3.21 2.12 1.75 - 2.15 1.60 - 2.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by fa rmers. * For July--Sorghum pl anted and harvested area as reported in the June 30, 2016, "Acreage." Sorghum yield base d on the average for 1990-2015 excluding years that are more than 1 standard deviation from the mean. Barley and oats ar ea planted, area harvested, yield, and production as reported in the July 12, 2016, "Crop Production." August 2016 WASDE - 556 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Million Acres Area Planted 2.95 2.61 3.21 * 3.21 Area Harvested 2.93 2.58 3.19 * 3.19 Filler Pounds Yield per Harvested Acre 7,576 7,470 7,680 * 7,659 Million Hundredweight Beginning Stocks 2/ 31.8 48.5 40.9 39.4 Production 222.2 192.3 245.0 244.3 Imports 24.7 24.0 24.0 24.0 Supply, Total 278.7 264.9 309.9 307.7 Domestic & Residual 3/ 134.5 121.0 138.0 138.0 Exports, Total 4/ 95.7 104.5 115.0 115.0 Rough 31.8 36.7 37.0 37.0 Milled (rough equiv.) 63.9 67.8 78.0 78.0 Use, Total 230.2 225.5 253.0 253.0 Ending Stocks 48.5 39.4 56.9 54.7 Avg. Milling Yield (%) 5/ 70.50 70.00 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 13.40 12.30 11.20 - 12.20 10.40 - 11.40 Total LONG-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Harvested Acres (mil.) 2.20 1.84 Yield (pounds/acre) 7,407 7,218 Beginning Stocks 16.2 26.5 21.0 19.5 Production 162.7 133.0 183.0 182.7 Supply, Total 7/ 200.7 180.2 224.5 222.7 Domestic & Residual 3/ 106.2 88.0 105.0 105.0 Exports 8/ 68.0 72.7 81.0 81.0 Use, Total 174.2 160.7 186.0 186.0 Ending Stocks 26.5 19.5 38.5 36.7 Avg. Farm Price ($/cwt) 6/ 11.90 11.00 10.00 - 11.00 9.50 - 10.50 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Harvested Acres (mil.) 0.74 0.73 Yield (pounds/acre) 8,080 8,103 Beginning Stocks 13.3 20.2 18.0 18.0 Production 59.6 59.3 62.0 61.6 Supply, Total 7/ 76.1 82.8 83.5 83.1 Domestic & Residual 3/ 28.3 33.0 33.0 33.0 Exports 8/ 27.7 31.8 34.0 34.0 Use, Total 56.0 64.8 67.0 67.0 Ending Stocks 20.2 18.0 16.5 16.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.30 15.40 14.00 - 15.00 13.10 - 14.10 California 10/ 21.60 18.00 15.50 - 16.50 14.50 - 15.50 Other States 1/ 14.40 11.30 10.50 - 11.50 10.00 - 11.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2014/15-2.3; 2015/16-1.9; 2016/17-1.9. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2014/15 and 2015/16 milling yield is based on the Farm Service Agenc y (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2016/17 milling yield is calculated using the previous five-year Olympic average-- 2011/12-2015/16. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short- grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.65 per cwt from 2008/09-2013/14, with a high of $3.50 per cwt in 2008/0 9 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1. * For July-- Planted and harvested area reported in June 30 "Acreage" report. Projected yield is based on linear trend analysis by rice class for the period 1990/91 to 2015/16. August 2016 WASDE - 556 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Filler Filler Filler Filler Filler Million Ac res Area Planted 83.3 82.7 83.7 * 83.7 Area Harvested 82.6 81.8 83.0 * 83.0 Filler Bushels Yield per Harvested Acre 47.5 48.0 46.7 * 48.9 Million Bushels Beginning Stocks 92 191 350 255 Production 3,927 3,929 3,880 4,060 Imports 33 25 30 30 Supply, Total 4,052 4,145 4,260 4,346 Crushings 1,873 1,900 1,925 1,940 Exports 1,842 1,880 1,920 1,950 Seed 96 97 95 95 Residual 50 12 30 31 Use, Total 3,862 3,889 3,970 4,016 Ending Stocks 191 255 290 330 Avg. Farm Price ($/bu) 2/ 10.10 8.95 8.75 - 10.25 8.35 - 9.85 Total SOYBEAN OIL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 1,165 1,855 2,275 1,950 Production 4/ 21,399 22,095 22,235 22,405 Imports 264 300 250 250 Supply, Total 22,828 24,250 24,760 24,605 Domestic Disappearance 18,959 19,900 20,450 20,450 Biodiesel 3/ 5,037 5,500 5,950 5,950 Food, Feed & other Industrial 13,922 14,400 14,500 14,500 Exports 2,014 2,400 2,400 2,400 Use, Total 20,973 22,300 22,850 22,850 Ending stocks 1,855 1,950 1,910 1,755 Avg. Price (c/lb) 2/ 31.60 29.50 29.50 - 32.50 29.50 - 32.50 Total SOYBEAN MEAL 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. July August Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 250 260 300 300 Production 4/ 45,062 44,915 45,675 46,075 Imports 333 425 325 325 Supply, Total 45,645 45,600 46,300 46,700 Domestic Disappearance 32,277 33,500 33,800 34,100 Exports 13,108 11,800 12,200 12,300 Use, Total 45,384 45,300 46,000 46,400 Ending Stocks 260 300 300 300 Avg. Price ($/s.t.) 2/ 368.49 325.00 325.00 - 365.00 305.00 - 345.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by f armers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodi esel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,900 millio n bushels for 2015/16 and 1,940 million bushels for 2016/17. *Planted and ha rvested acres are from the June 30, 2016 Acreage report. Th e projected yield is based on a weather-adjusted trend model. August 2016 WASDE - 556 - 16 U.S. Sugar Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,810 1,815 1,886 1,921 Production 2/ 8,656 8,925 8,961 9,208 Beet Sugar 4,893 5,049 5,192 5,320 Cane Sugar 3,763 3,877 3,769 3,889 Florida 1,981 2,173 1,990 2,038 Hawaii 146 165 40 40 Louisiana 1,513 1,423 1,604 1,676 Texas 123 116 135 135 Imports 3,553 3,410 3,068 3,018 TRQ 3/ 1,536 1,686 1,507 1,507 Other Program 4/ 471 350 175 125 Other 5/ 1,546 1,374 1,386 1,386 Mexico 1,532 1,359 1,371 1,371 Total Supply 14,019 14,151 13,914 14,147 Exports 1 8 57 52 52 5 Deliveries 12,019 12,155 12,235 12,235 Food 6/ 11,888 12,000 12,080 12,080 Other 7/ 131 155 155 155 Miscellaneous 0000 Total Use 12,204 12,230 12,260 12,260 Ending Stocks 1,815 1,921 1,654 1,887 Stocks to Use Ratio 14.9 15.7 13.5 15.4 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2015/16 and 2016/17 are based on Crop Production and processor projections where appropriate. 3/ For 2016/17, WTO raw sugar TRQ shortfall (99). For 2015/16, WTO raw sugar TRQ shortfall (90) 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2014/15, other high-tier (15) and other (0). For 2015/16, other high-tier (15) and other (0). For 2016/17, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ Exports Ending Stocks Sugar 1,000 Metric Tons, Actual Weight 2015/16 Est. Jul 811 6,119 70 4,685 1,213 1,101 2015/16 Est. Aug 811 6,117 70 4,761 1,213 1,024 2016/17 Proj. Jul 1,101 6,100 10 4,753 1,183 1,275 2016/17 Proj. Aug 1,024 6,100 10 4,828 1,183 1,123 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): Oct-Sep 2014/15 = 1,444; Oct-July 14/15 = 1,205, Oct- July 2015/16 = 1,213 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX) , and any residual statistical discrepancies. IMMEX: 2015/16 (330 est), 2016/17 (330 proj). Statistical Adjustment: 2014/15 (-54), 2015/16 (0), 2016/17 (0). August 2016 WASDE - 556 - 17 U.S. Cotton Supply and Use 1/ 2014/15 2015/16 Est. 2016/17 Proj. 2016/17 Proj. Jul Aug Filler Filler Filler Filler Filler Area Million Acres Planted 11.04 8.58 10.02 ** 10.02 Harvested 9.35 8.07 9.30 ** 9.53 Filler Pounds Yield per Harvested Acre 838 766 815 ** 800 Million 480 Pound Bales Beginning Stocks 2.35 3.70 3.90 3.90 Production 16.32 12.89 15.80 15.88 Imports 0.01 0.04 0.01 0.01 Supply, Total 18.68 16.62 19.71 19.79 Domestic Use 3.58 3.50 3.60 3.60 Exports, Total 11.25 9.20 11.50 11.50 Use, Total 14.82 12.70 15.10 15.10 Unaccounted 2/ 0.16 0.02 0.01 -0.01 Ending Stocks 3.70 3.90 4.60 4.70 Avg. Farm Price 3/ 61.3 58.0 52.00 - 66.00 57.00 - 69.00 Total Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. **Planted area as reported in the June 30 Acreage report. Harvested area based on 10-year average abandonment by region, with the Southwest adjusted to 10 percent to reflect favorable moisture conditions. Yield per harvested acre based on 3-year average yi elds by region, with the Southwest yield raised slightly to reflect favorable moisture conditions. August 2016 WASDE - 556 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 193.84 727.87 159.10 131.64 705.63 164.42 216.09 United States 16.07 55.15 4.12 3.11 31.33 23.52 20.48 Total Foreign 177.77 672.73 154.98 128.53 674.29 140.90 195.61 Major Exporters 4/ 27.39 224.18 6.66 62.85 147.33 81.47 29.43 Argentina 2 . 4 9 1 3 . 9 30 . 0 40 . 3 06 . 3 55 . 3 04 . 8 0 Australia 4.56 23.91 0.16 3.80 7.20 16.59 4.84 Canada 10.41 29.42 0.49 3.75 9.08 24.16 7.08 European Union 5/ 9.94 156.92 5.98 55.00 124.70 35.42 12.72 Major Importers 6/ 99.95 197.40 84.96 29.88 262.21 7.64 112.47 Brazil 1.89 6.00 5.37 0.30 10.70 1.69 0.87 China 65.27 126.21 1.93 16.00 116.50 0.80 76.11 Sel. Mideast 7/ 12.19 17.66 21.27 4.45 36.10 1.52 13.51 N. Africa 8/ 13.51 17.01 25.43 2.48 42.65 0.61 12.69 Pakistan 2.19 25.98 0.75 1.00 24.50 0.70 3.72 Southeast Asia 9/ 3.43 0.00 19.85 4.76 18.52 0.95 3.82 Selected Other India 17.83 95.85 0.05 4.50 93.12 3.41 17.20 FSU-12 15.62 112.74 7.68 24.65 75.86 40.21 19.97 Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.29 Kazakhstan 1 . 9 9 1 3 . 0 00 . 6 02 . 0 06 . 8 05 . 5 43 . 2 5 Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 216.09 734.80 169.11 135.74 709.01 170.56 241.88 United States 20.48 55.84 3.07 3.67 31.59 21.09 26.71 Total Foreign 195.61 678.96 166.04 132.07 677.42 149.47 215.18 Major Exporters 4/ 29.43 223.41 7.34 67.30 151.88 80.90 27.41 Argentina 4 . 8 0 1 1 . 3 00 . 0 10 . 1 06 . 1 59 . 1 00 . 8 6 Australia 4.84 24.50 0.15 3.80 7.23 16.00 6.26 Canada 7.08 27.60 0.49 3.40 8.60 22.00 4.56 European Union 5/ 12.72 160.01 6.70 60.00 129.90 33.80 15.73 Major Importers 6/ 112.47 204.29 91.39 26.91 262.51 6.24 139.40 Brazil 0.87 5.54 6.00 0.50 10.20 1.10 1.11 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.51 18.80 19.13 4.60 37.26 0.55 13.63 N. Africa 8/ 12.69 19.91 28.05 2.28 43.63 0.70 16.32 Pakistan 3.72 25.10 0.03 0.80 24.40 0.60 3.85 Southeast Asia 9/ 3.82 0.00 24.20 7.34 21.63 1.01 5.39 Selected Other India 17.20 86.53 0.47 4.20 88.64 1.06 14.50 FSU-12 19.97 117.72 7.55 25.70 77.91 51.21 16.13 Russia 6.29 61.04 0.80 14.00 37.00 25.50 5.63 Kazakhstan 3 . 2 5 1 3 . 7 50 . 0 82 . 1 06 . 9 07 . 6 02 . 5 7 Ukraine 5.18 27.27 0.05 4.50 12.50 17.20 2.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2016 WASDE - 556 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 244.52 738.51 164.20 144.42 729.34 168.43 253.70 Aug 241.88 743.44 166.66 146.54 732.50 170.70 252.82 United States Jul 26.71 61.53 3.27 8.17 36.25 25.17 30.08 Aug 26.71 63.16 3.13 8.98 37.20 25.86 29.93 Total Foreign Jul 217.82 676.98 160.93 136.25 693.09 143.25 223.62 Aug 215.18 680.29 163.53 137.56 695.30 144.85 222.89 Major Exporters 4/ Jul 30.38 226.00 6.14 66.70 151.86 81.00 29.66 Aug 27.41 218.40 6.64 66.70 151.86 75.00 25.59 Argentina Jul 1.23 15.00 0.01 0.10 6.30 9.00 0.93 Aug 0.86 14.40 0.01 0.10 6.30 8.00 0.96 Australia Jul 5.86 25.50 0.15 4.00 7.46 17.50 6.55 Aug 6.26 26.50 0.15 4.00 7.46 18.50 6.95 Canada Jul 4.56 29.00 0.49 3.60 8.80 20.50 4.75 Aug 4.56 30.00 0.49 3.60 8.80 21.50 4.75 European Union 5/ Jul 18.73 156.50 5.50 59.00 129.30 34.00 17.43 Aug 15.73 147.50 6.00 59.00 129.30 27.00 12.93 Major Importers 6/ Jul 138.31 199.01 86.43 30.29 268.69 6.41 148.65 Aug 139.40 199.01 87.45 30.62 269.58 6.44 149.84 Brazil Jul 1.11 5.30 6.00 0.30 10.10 1.00 1.31 Aug 1.11 5.30 6.00 0.30 10.10 1.00 1.31 China Jul 96.80 130.00 3.50 15.00 117.00 0.80 112.50 Aug 97.04 130.00 3.50 15.00 117.00 0.80 112.74 Sel. Mideast 7/ Jul 13.47 19.41 16.98 4.60 38.02 0.54 11.31 Aug 13.63 19.41 17.18 4.61 38.30 0.55 11.37 N. Africa 8/ Jul 16.07 14.20 27.90 1.78 44.00 0.84 13.33 Aug 16.32 14.20 28.45 1.78 44.25 0.84 13.88 Pakistan Jul 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Aug 3.85 25.30 0.03 0.80 24.50 0.70 3.97 Southeast Asia 9/ Jul 5.09 0.00 22.03 6.82 21.50 0.96 4.66 Aug 5.39 0.00 22.30 7.14 21.86 0.99 4.85 Selected Other India Jul 14.50 88.00 2.00 4.50 93.10 0.40 11.00 Aug 14.50 88.00 2.00 4.50 93.10 0.40 11.00 FSU-12 Jul 17.05 118.93 7.27 26.30 78.79 45.63 18.83 Aug 16.13 129.93 7.30 27.30 79.82 53.14 20.40 Russia Jul 6.13 65.00 0.50 14.50 37.50 25.50 8.63 Aug 5.63 72.00 0.50 15.50 38.50 30.00 9.63 Kazakhstan Jul 2.67 13.00 0.06 2.10 6.90 7.00 1.83 Aug 2.57 15.00 0.06 2.10 6.90 8.00 2.73 Ukraine Jul 3.00 25.00 0.05 4.50 12.50 12.50 3.05 Aug 2.80 27.00 0.05 4.50 12.50 14.50 2.85 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. August 2016 WASDE - 556 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 211.66 1,305.30 169.85 752.73 1,271.87 185.66 245.09 United States 34.31 377.23 3.44 139.49 311.34 56.70 46.95 Total Foreign 177.35 928.07 166.41 613.24 960.53 128.96 198.15 Major Exporters 4/ 25.53 169.11 4.66 82.63 112.79 67.50 19.01 Argentina 3.17 35.73 0.00 9.07 14.23 21.39 3.29 Australia 1.03 12.61 0.00 3.26 4.94 7.17 1.53 Brazil 14.26 87.67 0.82 50.25 60.02 34.51 8.21 Canada 4.65 21.99 1.71 13.81 21.29 3.72 3.34 Major Importers 5/ 44.41 257.97 109.70 264.52 346.46 15.95 49.67 European Union 6/ 15.57 170.86 8.97 121.38 162.56 13.99 18.85 Japan 1.74 0.17 16.73 12.94 16.93 0.00 1.71 Mexico 3.49 32.69 11.55 24.40 42.08 0.79 4.86 N. Afr & Mideast 7/ 13.46 26.73 34.17 51.63 59.55 0.09 14.71 Saudi Arabia 3.91 0.36 11.26 11.55 12.03 0.00 3.50 Southeast Asia 8/ 3.97 26.86 12.82 30.69 38.70 1.07 3.90 South Korea 1.87 0.24 10.25 8.08 10.47 0.00 1.89 Selected Other China 82.65 222.75 25.70 158.80 229.06 0.02 102.02 FSU-12 7.03 91.60 0.82 42.11 58.15 33.87 7.44 Russia 1.77 40.39 0.09 20.88 31.14 8.67 2.43 Ukraine 3.64 39.39 0.03 11.82 15.43 24.33 3.29 2015/16 Est. Beginning Stocks Productio n ImportsDomestic FeedDomesti c Total 2 / ExportsEnding Stocks World 3/ 245.09 1,248.16 176.45 762.08 1,248.49 163.30 244.76 United States 46.95 366.90 3.88 137.47 312.51 57.93 47.29 Total Foreign 198.15 881.26 172.57 624.61 935.98 105.37 197.47 Major Exporters 4/ 19.01 153.16 7.87 82.56 112.05 51.68 16.31 Argentina 3.29 36.91 0.01 9.27 14.33 22.11 3.76 Australia 1.53 12.44 0.00 3.86 5.54 6.83 1.60 Brazil 8.21 70.68 2.96 49.33 58.65 17.54 5.66 Canada 3.34 25.66 1.16 14.28 21.79 4.50 3.87 Major Importers 5/ 49.67 245.84 119.53 269.29 351.14 14.62 49.27 European Union 6/ 18.85 152.41 13.70 116.47 157.20 12.70 15.05 Japan 1.71 0.18 16.95 13.26 17.25 0.00 1.59 Mexico 4.86 31.39 14.48 25.72 43.52 1.00 6.21 N. Afr & Mideast 7/ 14.71 33.77 31.70 56.06 64.27 0.27 15.64 Saudi Arabia 3.50 0.24 13.61 12.95 13.35 0.00 4.00 Southeast Asia 8/ 3.90 27.59 14.32 32.66 40.67 0.66 4.48 South Korea 1.89 0.19 10.39 8.14 10.57 0.00 1.90 Selected Other China 102.02 231.78 17.51 167.34 239.39 0.05 111.88 FSU-12 7.44 82.76 0.70 40.25 55.29 30.89 4.71 Russia 2.43 37.43 0.11 20.45 29.84 8.77 1.36 Ukraine 3.29 33.39 0.06 10.35 13.83 20.99 1.92 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. August 2016 WASDE - 556 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 242.62 1,302.40 163.90 784.66 1,302.92 172.40 242.10 Aug 244.76 1,322.56 166.16 790.47 1,311.82 176.99 255.51 United States Jul 47.41 385.40 3.34 145.18 321.35 58.02 56.79 Aug 47.29 402.53 3.60 149.37 326.04 61.96 65.41 Total Foreign Jul 195.20 917.00 160.55 639.48 981.57 114.38 185.30 Aug 197.47 920.04 162.56 641.10 985.77 115.03 190.10 Major Exporters 4/ Jul 15.25 175.91 2.70 85.32 116.34 60.89 16.64 Aug 16.31 177.99 3.25 85.92 116.98 61.49 19.08 Argentina Jul 3.06 41.89 0.01 9.78 15.44 26.21 3.31 Aug 3.76 43.49 0.01 9.98 15.64 26.71 4.91 Australia Jul 1.50 13.16 0.00 3.87 5.54 7.38 1.74 Aug 1.60 13.66 0.00 4.17 5.84 7.48 1.94 Brazil Jul 5.62 82.96 1.00 51.44 61.24 22.03 6.31 Aug 5.66 82.96 1.00 51.44 61.27 22.03 6.32 Canada Jul 4.11 24.32 1.07 14.52 22.13 3.75 3.61 Aug 3.87 24.32 1.59 14.62 22.25 3.75 3.78 Major Importers 5/ Jul 47.67 248.68 117.66 275.71 357.48 13.51 43.02 Aug 49.27 245.93 118.69 275.51 357.48 12.01 44.40 European Union 6/ Jul 14.27 159.86 11.36 119.55 160.30 11.86 13.34 Aug 15.05 156.81 12.53 119.50 160.45 10.36 13.59 Japan Jul 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Aug 1.59 0.17 16.90 13.22 17.21 0.00 1.45 Mexico Jul 5.91 31.93 13.98 27.02 44.92 0.80 6.09 Aug 6.21 32.23 14.48 27.72 45.62 0.80 6.49 N. Afr & Mideast 7/ Jul 15.59 27.34 33.32 55.46 63.42 0.17 12.66 Aug 15.64 27.34 33.37 55.51 63.47 0.17 12.71 Saudi Arabia Jul 4.00 0.24 13.71 13.73 14.13 0.00 3.82 Aug 4.00 0.24 13.71 13.73 14.13 0.00 3.82 Southeast Asia 8/ Jul 4.05 28.86 14.12 34.91 42.92 0.69 3.43 Aug 4.48 28.86 13.32 33.91 41.92 0.69 4.06 South Korea Jul 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Aug 1.90 0.21 10.09 7.84 10.32 0.00 1.88 Selected Other China Jul 111.83 225.70 12.20 169.90 245.15 0.03 104.55 Aug 111.88 225.70 12.70 170.40 245.65 0.03 104.60 FSU-12 Jul 4.78 88.03 0.71 41.80 57.18 31.19 5.16 Aug 4.71 90.28 0.71 42.00 57.40 32.54 5.76 Russia Jul 1.36 39.38 0.11 21.13 30.78 8.61 1.45 Aug 1.36 40.50 0.11 21.20 30.85 9.36 1.75 Ukraine Jul 1.99 36.23 0.06 11.05 14.53 21.33 2.41 Aug 1.92 37.05 0.06 11.17 14.68 21.73 2.62 1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam. August 2016 WASDE - 556 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 175.30 1,013.62 124.90 585.57 980.66 141.74 208.26 United States 31.29 361.09 0.80 134.98 301.79 47.42 43.97 Total Foreign 144.01 652.53 124.10 450.59 678.87 94.32 164.29 Major Exporters 4/ 17.58 124.33 2.30 60.15 78.00 54.06 12.15 Argentina 1.41 28.70 0.00 6.00 9.30 18.90 1.91 Brazil 13.97 85.00 0.33 48.00 57.00 34.46 7.84 South Africa 2.20 10.63 1.96 6.15 11.70 0.69 2.40 Major Importers 5/ 19.40 134.24 69.18 142.14 193.71 5.88 23.24 Egypt 2.40 5.96 7.84 11.50 13.90 0.00 2.30 European Union 6/ 6.89 75.84 8.65 59.50 77.88 4.03 9.47 Japan 1.29 0.00 14.66 11.00 14.60 0.00 1.35 Mexico 2.60 25.48 11.27 17.70 34.45 0.78 4.12 Southeast Asia 7/ 3.97 26.81 12.78 30.60 38.60 1.07 3.89 South Korea 1.86 0.08 10.17 8.04 10.25 0.00 1.86 Selected Other 0.00 Canada 1.60 11.49 1.56 7.43 12.82 0.42 1.40 China 81.32 215.65 5.52 140.00 202.00 0.01 100.46 FSU-12 3.37 43.80 0.51 18.76 21.48 23.18 3.02 Ukraine 2.40 28.45 0.03 8.00 9.40 19.66 1.82 2015/16 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 208.26 959.73 135.55 597.01 958.64 119.69 209.34 United States 43.97 345.49 1.65 132.09 298.89 48.90 43.33 Total Foreign 164.29 614.24 133.90 464.92 659.75 70.79 166.02 Major Exporters 4/ 12.15 103.50 6.01 59.20 76.30 36.70 8.65 Argentina 1.91 28.00 0.01 6.00 9.30 18.50 2.11 Brazil 7.84 68.50 2.50 47.50 56.00 17.50 5.34 South Africa 2.40 7.00 3.50 5.70 11.00 0.70 1.20 Major Importers 5/ 23.24 117.77 79.10 142.65 193.94 3.46 22.71 Egypt 2.30 6.00 8.50 12.35 14.75 0.01 2.04 European Union 6/ 9.47 59.08 13.20 54.70 72.71 1.80 7.24 Japan 1.35 0.00 15.00 11.50 15.10 0.00 1.25 Mexico 4.12 25.00 13.50 19.40 36.20 1.00 5.42 Southeast Asia 7/ 3.89 27.54 14.30 32.60 40.60 0.65 4.48 South Korea 1.86 0.08 10.30 8.10 10.35 0.00 1.89 Selected Other 0.00 Canada 1.40 13.60 1.00 7.50 12.90 1.60 1.50 China 100.46 224.58 3.15 153.50 217.50 0.02 110.67 FSU-12 3.02 40.42 0.44 18.36 20.98 21.02 1.89 Ukraine 1.82 23.33 0.05 6.70 8.00 16.40 0.80 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam. August 2016 WASDE - 556 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Jul 206.90 1,010.74 126.55 618.51 1,009.25 133.37 208.39 Aug 209.34 1,028.40 128.03 623.58 1,016.93 137.25 220.81 United States Jul 43.20 369.33 1.02 139.71 308.62 52.07 52.85 Aug 43.33 384.92 1.27 144.15 313.07 55.25 61.20 Total Foreign Jul 163.70 641.41 125.54 478.81 700.63 81.30 155.54 Aug 166.02 643.48 126.76 479.43 703.86 82.00 159.62 Major Exporters 4/ Jul 7.67 127.00 1.11 61.20 79.70 46.50 9.57 Aug 8.65 129.50 1.11 61.40 79.90 47.50 11.86 Argentina Jul 1.61 34.00 0.01 6.60 10.40 23.00 2.22 Aug 2.11 36.50 0.01 6.80 10.60 24.00 4.02 Brazil Jul 5.34 80.00 0.60 49.00 58.00 22.00 5.94 Aug 5.34 80.00 0.60 49.00 58.00 22.00 5.94 South Africa Jul 0.71 13.00 0.50 5.60 11.30 1.50 1.41 Aug 1.20 13.00 0.50 5.60 11.30 1.50 1.90 Major Importers 5/ Jul 20.96 123.00 75.95 145.65 196.88 3.99 19.04 Aug 22.71 121.57 76.75 145.65 197.08 3.49 20.46 Egypt Jul 2.04 6.00 8.75 12.65 15.05 0.01 1.73 Aug 2.04 6.00 8.75 12.65 15.05 0.01 1.73 European Union 6/ Jul 6.28 63.83 11.00 55.50 73.30 2.50 5.31 Aug 7.24 62.10 12.00 55.70 73.70 2.00 5.64 Japan Jul 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Aug 1.25 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Jul 5.12 24.20 13.00 19.40 36.30 0.80 5.22 Aug 5.42 24.50 13.50 20.10 37.00 0.80 5.62 Southeast Asia 7/ Jul 4.05 28.81 14.10 34.85 42.85 0.68 3.43 Aug 4.48 28.81 13.30 33.85 41.85 0.68 4.06 South Korea Jul 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Aug 1.89 0.08 10.00 7.80 10.10 0.00 1.86 Selected Other Canada Jul 1.60 12.50 1.00 7.90 13.40 0.50 1.20 Aug 1.50 12.00 1.50 7.80 13.30 0.50 1.20 China Jul 110.62 218.00 1.00 159.00 226.00 0.02 103.60 Aug 110.67 218.00 1.00 159.00 226.00 0.02 103.65 FSU-12 Jul 1.89 44.16 0.42 19.49 22.27 21.97 2.24 Aug 1.89 44.16 0.42 19.49 22.27 21.97 2.24 Ukraine Jul 0.80 26.00 0.05 7.30 8.70 17.00 1.15 Aug 0.80 26.00 0.05 7.30 8.70 17.00 1.15 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and Vietnam. August 2016 WASDE - 556 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2014/15 Beginning StocksProductio n Imports Total /2 DomesticExports Ending Stocks World 3/ 113.77 478.70 41.17 478.18 43.64 114.29 United States 1.03 7.11 0.78 4.30 3.06 1.55 Total Foreign 112.74 471.60 40.38 473.88 40.58 112.74 Major Exporters 4/ 36.63 159.30 0.73 133.43 32.42 30.80 India 22.76 105.48 0.00 98.23 12.24 17.77 Pakistan 0.68 6.90 0.03 2.60 3.80 1.21 Thailand 11.90 18.75 0.30 10.60 9.78 10.57 Vietnam 1.30 28.17 0.40 22.00 6.61 1.26 Major Importers 5/ 11.37 64.06 13.69 77.15 1.23 10.74 Brazil 0.64 8.47 0.39 7.93 0.93 0.64 European Union 6/ 1.16 1.96 1.71 3.35 0.27 1.21 Indonesia 5.50 35.56 1.35 38.30 0.00 4.11 Nigeria 0.86 2.84 2.70 5.40 0.00 0.99 Philippines 1.70 11.92 1.80 13.20 0.00 2.21 Sel. Mideast 7/ 1.31 1.98 4.11 6.14 0.00 1.26 Selected Other 0.00 Burma 0.37 12.60 0.01 10.50 1.74 0.75 C. Amer & Carib 8/ 0.47 1.81 1.56 3.34 0.01 0.50 China 53.10 144.56 4.70 144.50 0.43 57.44 Egypt 0.61 4.53 0.03 4.00 0.25 0.92 Japan 3.01 7.85 0.64 8.60 0.07 2.82 Mexico 0.16 0.18 0.71 0.88 0.00 0.16 South Korea 0.90 4.24 0.47 4.20 0.00 1.41 2015/16 Est. Beginning Stocks Productio n ImportsTotal / 2 Domesti c ExportsEndin g Stock s World 3/ 114.29 470.82 38.82 473.60 41.19 111.51 United States 1.55 6.11 0.76 3.85 3.32 1.25 Total Foreign 112.74 464.71 38.06 469.75 37.87 110.26 Major Exporters 4/ 30.80 153.50 0.72 129.47 30.20 25.36 India 17.77 103.50 0.00 94.27 9.50 17.50 Pakistan 1.21 6.70 0.02 2.60 4.50 0.83 Thailand 10.57 15.80 0.30 10.80 9.80 6.07 Vietnam 1.26 27.50 0.40 21.80 6.40 0.96 Major Importers 5/ 10.74 63.17 13.19 76.92 0.96 9.22 Brazil 0.64 7.13 0.85 7.80 0.60 0.22 European Union 6/ 1.21 2.06 1.75 3.45 0.26 1.31 Indonesia 4.11 36.20 1.50 38.10 0.00 3.71 Nigeria 0.99 2.71 2.20 5.25 0.00 0.65 Philippines 2.21 11.35 1.60 13.20 0.00 1.96 Sel. Mideast 7/ 1.26 1.89 3.70 5.98 0.00 0.88 Selected Other 0.00 Burma 0.75 12.20 0.04 10.60 1.65 0.74 C. Amer & Carib 8/ 0.50 1.63 1.78 3.38 0.02 0.50 China 57.44 145.77 4.80 144.50 0.30 63.21 Egypt 0.92 4.00 0.08 3.95 0.20 0.85 Japan 2.82 7.65 0.70 8.60 0.08 2.49 Mexico 0.16 0.16 0.70 0.89 0.00 0.13 South Korea 1.41 4.33 0.47 4.37 0.00 1.83 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es. August 2016 WASDE - 556 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2016/17 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Jul 106.70 481.23 38.19 480.63 40.53 107.30 Aug 111.51 481.08 38.57 478.83 40.65 113.77 United States Jul 1.30 7.78 0.76 4.38 3.65 1.81 Aug 1.25 7.76 0.76 4.38 3.65 1.74 Total Foreign Jul 105.40 473.45 37.42 476.25 36.88 105.50 Aug 110.26 473.33 37.80 474.45 37.00 112.03 Major Exporters 4/ Jul 21.67 157.40 0.67 134.20 28.75 16.79 Aug 25.36 157.40 0.67 133.20 28.85 21.38 India Jul 13.77 105.00 0.00 98.60 8.50 11.67 Aug 17.50 105.00 0.00 97.50 8.80 16.20 Pakistan Jul 0.83 6.90 0.02 2.70 4.25 0.80 Aug 0.83 6.90 0.02 2.70 4.25 0.80 Thailand Jul 6.07 17.00 0.25 11.10 9.00 3.22 Aug 6.07 17.00 0.25 11.10 9.00 3.22 Vietnam Jul 1.01 28.50 0.40 21.80 7.00 1.11 Aug 0.96 28.50 0.40 21.90 6.80 1.16 Major Importers 5/ Jul 8.74 65.78 12.05 77.12 1.21 8.24 Aug 9.22 65.89 12.35 77.30 1.23 8.93 Brazil Jul 0.22 8.50 0.60 7.95 0.80 0.57 Aug 0.22 8.50 0.60 7.95 0.80 0.57 European Union 6/ Jul 1.23 2.03 1.60 3.42 0.26 1.18 Aug 1.31 2.03 1.75 3.50 0.28 1.30 Indonesia Jul 3.16 36.60 1.25 38.10 0.00 2.91 Aug 3.71 36.60 1.25 38.00 0.00 3.56 Nigeria Jul 0.65 2.70 2.00 5.10 0.00 0.25 Aug 0.65 2.70 2.00 5.10 0.00 0.25 Philippines Jul 1.96 12.00 1.50 13.30 0.00 2.16 Aug 1.96 12.00 1.50 13.30 0.00 2.16 Sel. Mideast 7/ Jul 0.91 2.01 3.85 6.05 0.00 0.71 Aug 0.88 2.11 3.70 6.00 0.00 0.69 Selected Other Burma Jul 0.69 12.50 0.00 10.70 1.75 0.74 Aug 0.74 12.50 0.00 10.70 1.75 0.79 C. Amer & Carib 8/ Jul 0.50 1.72 1.71 3.45 0.02 0.46 Aug 0.50 1.72 1.76 3.49 0.02 0.47 China Jul 62.41 146.50 5.00 145.00 0.30 68.61 Aug 63.21 146.50 5.00 144.50 0.30 69.91 Egypt Jul 0.85 4.00 0.04 3.95 0.20 0.74 Aug 0.85 4.00 0.04 3.95 0.20 0.74 Japan Jul 2.49 7.68 0.70 8.70 0.09 2.09 Aug 2.49 7.68 0.70 8.70 0.09 2.09 Mexico Jul 0.14 0.17 0.75 0.88 0.00 0.18 Aug 0.13 0.17 0.75 0.89 0.00 0.16 South Korea Jul 1.83 4.00 0.41 4.33 0.00 1.90 Aug 1.83 4.00 0.41 4.33 0.00 1.90 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/ Central American and Caribbean countries. August 2016 WASDE - 556 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 103.23 119.10 35.74 110.13 35.42 0.11 112.41 United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.88 102.78 35.73 106.56 24.18 -0.05 108.71 Major Exporters 4/ 28.36 52.63 1.74 32.33 20.63 -0.23 29.99 Central Asia 5/ 3.76 6.20 3 / 2.38 4.67 0.00 2.90 Afr. Fr. Zone 6/ 1.39 5.09 3 / 0.14 4.33 0.00 2.00 S. Hemis 7/ 11.40 11.02 0.18 4.45 7.06 -0.24 11.32 Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78 Brazil 7.67 7.00 0.02 3.40 3.91 -0.15 7.53 India 11.46 29.50 1.23 24.50 4.20 0.00 13.49 Major Importers 8/ 70.69 46.89 31.94 69.86 2.63 0.17 76.86 Mexico 0.58 1.32 0.83 1.85 0.17 0.03 0.69 China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.38 1.64 0.86 0.87 1.62 0.05 0.33 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60 Pakistan 2.48 10.60 0.95 10.60 0.51 0.03 2.89 Indonesia 0.50 0.01 3.35 3.25 0.01 0.00 0.60 Thailand 0.24 3 / 1.48 1.48 0.00 0.03 0.22 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28 Vietnam 0.50 3 / 4.30 4.10 0.00 0.00 0.70 2015/16 Est. Beginning Stocks Productio n ImportsDomestic Use ExportsLoss /2 Ending Stocks World 112.41 96.93 34.92 110.19 34.94 -0.06 99.18 United States 3 . 7 0 1 2 . 8 90 . 0 43 . 5 09 . 2 00 . 0 23 . 9 0 Total Foreign 108.71 84.04 34.89 106.69 25.74 -0.08 95.28 Major Exporters 4/ 29.99 47.22 1.72 31.83 22.64 -0.22 24.69 Central Asia 5/ 2.90 5.80 3 / 2.45 4.06 0.00 2.19 Afr. Fr. Zone 6/ 2.00 4.34 3 / 0.14 4.76 0.00 1.44 S. Hemis 7/ 11.32 10.09 0.25 4.22 7.72 -0.23 9.95 Australia 1.78 2.60 3 / 0.04 2.90 -0.10 1.54 Brazil 7.53 6.10 0.09 3.20 4.31 -0.15 6.36 India 13.49 26.40 1.03 24.25 5.80 0.00 10.86 Major Importers 8/ 76.86 33.97 30.78 70.65 2.05 0.14 68.78 Mexico 0.69 0.91 0.98 1.90 0.14 0.03 0.51 China 67.92 22.00 4.50 34.00 0.13 0.00 60.30 European Union 9/ 0.33 1.28 0.84 0.85 1.29 0.05 0.27 Turkey 1.60 2.65 4.30 6.65 0.23 0.00 1.67 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.90 2.90 0.02 0.00 0.59 Thailand 0.22 3 / 1.33 1.30 0.00 0.03 0.22 Bangladesh 1.28 0.12 5.70 5.80 0.00 0.01 1.29 Vietnam 0.70 3 / 4.45 4.40 0.00 0.00 0.75 1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade. August 2016 WASDE - 556 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2016/17 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2Ending Stocks World Jul 100.27 102.55 34.35 111.60 34.36 -0.08 91.29 Aug 99.18 101.58 34.05 111.26 34.02 -0.10 89.61 United States Jul 3.90 15.80 0.01 3.60 11.50 0.01 4.60 Aug 3.90 15.88 0.01 3.60 11.50 -0.01 4.70 Total Foreign Jul 96.37 86.75 34.34 108.00 22.86 -0.09 86.69 Aug 95.28 85.70 34.04 107.66 22.52 -0.09 84.91 filler filler filler filler filler filler filler Major Exporters 4/ Jul 25.49 49.11 1.85 31.55 20.11 -0.23 25.02 Aug 24.69 48.73 1.80 31.50 19.68 -0.23 24.26 Central Asia 5/ Jul 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Aug 2.19 5.81 3 / 2.48 3.59 0.00 1.94 Afr. Fr. Zone 6/ Jul 1.54 4.62 3 / 0.14 4.46 0.00 1.56 Aug 1.44 4.62 3 / 0.14 4.43 0.00 1.49 S. Hemis 7/ Jul 10.33 10.82 0.37 4.27 7.61 -0.24 9.87 Aug 9.95 10.95 0.27 4.22 7.21 -0.24 9.97 Australia Jul 1.84 2.80 3 / 0.04 2.80 -0.10 1.91 Aug 1.54 2.80 3 / 0.04 2.80 -0.10 1.61 Brazil Jul 6.48 6.40 0.20 3.20 4.00 -0.15 6.03 Aug 6.36 6.65 0.10 3.20 3.60 -0.15 6.46 India Jul 11.19 27.50 0.95 24.00 4.20 0.00 11.44 Aug 10.86 27.00 1.00 24.00 4.20 0.00 10.66 filler filler filler filler filler filler filler Major Importers 8/ Jul 69.19 34.73 30.23 72.11 1.87 0.14 60.02 Aug 68.78 34.06 29.96 71.87 1.83 0.14 58.96 Mexico Jul 0.50 0.87 1.15 1.90 0.10 0.03 0.50 Aug 0.51 0.70 1.28 1.90 0.10 0.03 0.46 China Jul 60.80 21.50 4.50 35.00 0.10 0.00 51.70 Aug 60.30 21.00 4.50 35.00 0.10 0.00 50.70 European Union 9/ Jul 0.34 1.23 0.82 0.83 1.19 0.05 0.33 Aug 0.27 1.23 0.83 0.84 1.14 0.05 0.29 Turkey Jul 1.57 3.00 3.80 6.60 0.28 0.00 1.50 Aug 1.67 3.00 3.80 6.60 0.28 0.00 1.60 Pakistan Jul 2.53 8.00 2.40 10.25 0.20 0.03 2.45 Aug 2.62 8.00 2.20 10.20 0.20 0.03 2.39 Indonesia Jul 0.57 0.01 2.75 2.75 0.01 0.00 0.57 Aug 0.59 0.01 2.80 2.80 0.01 0.00 0.59 Thailand Jul 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Aug 0.22 3 / 1.30 1.28 0.00 0.03 0.22 Bangladesh Jul 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Aug 1.29 0.12 5.90 6.00 0.00 0.01 1.30 Vietnam Jul 0.75 3 / 5.00 4.90 0.00 0.00 0.86 Aug 0.75 3 / 4.80 4.70 0.00 0.00 0.86 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan , Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. August 2016 WASDE - 556 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 61.96 319.78 123.74 263.26 300.90 126.13 78.46 United States 2.50 106.88 0.90 50.98 54.96 50.14 5.19 Total Foreign 59.46 212.90 122.84 212.29 245.94 75.99 73.27 Major Exporters 3/ 41.43 170.05 0.32 84.30 91.56 68.70 51.54 Argentina 25.27 61.40 0.00 40.02 44.18 10.57 31.92 Brazil 16.02 97.20 0.31 40.44 43.41 50.61 19.50 Paraguay 0.13 8.15 0.01 3.65 3.69 4.49 0.12 Major Importers 4/ 15.22 15.39 105.49 97.91 117.17 0.29 18.64 China 13.88 12.15 78.35 74.50 87.20 0.14 17.03 European Union 0.62 1.83 13.42 13.60 15.07 0.12 0.69 Japan 0.23 0.23 3.00 2.15 3.28 0.00 0.18 Mexico 0.12 0.35 3.82 4.18 4.21 0.00 0.07 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Crus hDomesti c Total Export s Endin g Stock s World 2/ 78.46 312.67 131.88 278.65 317.20 132.80 73.00 United States 5.19 106.93 0.68 51.71 54.69 51.17 6.95 Total Foreign 73.27 205.74 131.20 226.94 262.52 81.64 66.05 Major Exporters 3/ 51.54 164.00 1.06 89.28 96.74 73.60 46.26 Argentina 31.92 56.50 0.60 44.25 48.60 10.50 29.92 Brazil 19.50 96.50 0.45 40.70 43.70 56.60 16.15 Paraguay 0.12 9.00 0.01 4.10 4.14 4.80 0.18 Major Importers 4/ 18.64 15.25 110.93 106.29 126.99 0.36 17.46 China 17.03 11.60 83.00 81.80 95.50 0.15 15.98 European Union 0.69 2.26 13.60 14.00 15.58 0.15 0.82 Japan 0.18 0.24 3.25 2.40 3.55 0.00 0.12 Mexico 0.07 0.33 3.95 4.25 4.29 0.00 0.06 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus hDomesti c TotalExport s Endin g Stock s World 2/ Jul 72.17 325.95 136.02 289.23 328.78 138.26 67.10 Aug 73.00 330.41 136.62 289.89 329.82 138.97 71.24 United States Jul 9.54 105.60 0.82 52.39 55.79 52.25 7.90 Aug 6.95 110.50 0.82 52.80 56.22 53.07 8.97 Total Foreign Jul 62.63 220.35 135.21 236.84 272.99 86.00 59.20 Aug 66.05 219.91 135.81 237.09 273.59 85.90 62.27 Major Exporters 3/ Jul 42.61 172.00 0.36 89.25 96.93 77.79 40.26 Aug 46.26 172.17 0.56 89.25 96.93 77.99 44.08 Argentina Jul 27.02 57.00 0.05 44.30 48.75 10.65 24.67 Aug 29.92 57.00 0.30 44.30 48.75 10.65 27.82 Brazil Jul 15.45 103.00 0.30 40.50 43.60 59.70 15.45 Aug 16.15 103.00 0.25 40.50 43.60 59.70 16.10 Paraguay Jul 0.13 9.00 0.01 4.20 4.25 4.75 0.14 Aug 0.18 9.17 0.01 4.20 4.25 4.95 0.16 Major Importers 4/ Jul 17.68 16.08 114.18 110.82 131.64 0.34 15.97 Aug 17.46 16.07 114.58 111.32 132.59 0.34 15.19 China Jul 16.23 12.20 87.00 87.00 100.80 0.15 14.48 Aug 15.98 12.20 87.00 87.00 101.20 0.15 13.83 European Union Jul 0.59 2.45 12.60 13.30 14.87 0.15 0.62 Aug 0.82 2.44 13.00 13.80 15.39 0.15 0.72 Japan Jul 0.24 0.24 3.10 2.20 3.33 0.00 0.26 Aug 0.12 0.24 3.10 2.20 3.33 0.00 0.14 Mexico Jul 0.06 0.37 4.00 4.28 4.33 0.00 0.11 Aug 0.06 0.37 4.00 4.28 4.33 0.00 0.11 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan , Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand). August 2016 WASDE - 556 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 11.22 207.36 60.19 202.48 63.89 12.39 United States 0.23 40.88 0.30 29.28 11.89 0.24 Total Foreign 10.99 166.48 59.89 173.20 52.00 12.15 Major Exporters 3/ 7.73 67.67 0.03 22.89 44.04 8.50 Argentina 4.07 30.93 0.00 2.30 28.58 4.13 Brazil 3.07 31.30 0.02 15.85 14.39 4.15 India 0.59 5.44 0.01 4.74 1.07 0.23 Major Importers 4/ 1.51 15.04 35.94 50.28 0.70 1.52 European Union 0.25 10.74 19.16 29.54 0.36 0.25 Southeast Asia 5/ 1.07 2.67 15.08 17.33 0.34 1.17 2015/16 Est. Begi n ning Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 12.39 218.58 63.89 215.80 67.58 11.48 United States 0.24 40.75 0.39 30.39 10.71 0.27 Total Foreign 12.15 177.84 63.51 185.41 56.88 11.21 Major Exporters 3/ 8.50 70.25 0.03 22.90 48.11 7.77 Argentina 4.13 34.05 0.00 2.40 32.20 3.58 Brazil 4.15 31.50 0.02 15.80 15.80 4.07 India 0.23 4.70 0.01 4.70 0.11 0.13 Major Importers 4/ 1.52 15.84 37.85 53.49 0.72 1.00 European Union 0.25 11.06 20.40 31.14 0.35 0.22 Southeast Asia 5/ 1.17 2.96 15.70 18.82 0.37 0.64 2016/17 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Jul 12.14 227.34 67.62 225.46 70.40 11.23 Aug 11.48 227.89 67.07 225.50 70.34 10.60 United States Jul 0.27 41.44 0.30 30.66 11.07 0.27 Aug 0.27 41.80 0.30 30.94 11.16 0.27 Total Foreign Jul 11.86 185.90 67.33 194.80 59.33 10.96 Aug 11.21 186.10 66.78 194.57 59.18 10.33 Major Exporters 3/ Jul 8.44 72.98 0.02 23.50 50.40 7.55 Aug 7.77 72.74 0.02 23.40 50.30 6.83 Argentina Jul 4.25 34.35 0.00 2.48 32.80 3.33 Aug 3.58 34.35 0.00 2.48 32.80 2.65 Brazil Jul 4.07 31.35 0.02 15.85 15.80 3.79 Aug 4.07 31.35 0.02 15.85 15.80 3.79 India Jul 0.13 7.28 0.00 5.17 1.80 0.44 Aug 0.13 7.04 0.00 5.07 1.70 0.40 Major Importers 4/ Jul 0.98 15.27 41.20 55.56 0.73 1.16 Aug 1.00 15.66 40.65 55.45 0.68 1.18 European Union Jul 0.21 10.51 21.70 31.79 0.40 0.23 Aug 0.22 10.90 21.15 31.69 0.35 0.23 Southeast Asia 5/ Jul 0.65 3.10 17.60 20.19 0.33 0.83 Aug 0.64 3.10 17.60 20.19 0.33 0.81 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand. August 2016 WASDE - 556 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2014/15 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 3.63 49.06 10.08 48.04 11.10 3.63 United States 0.53 9.71 0.12 8.60 0.91 0.84 Total Foreign 3.10 39.36 9.96 39.44 10.19 2.79 Major Exporters 3/ 0.99 18.03 0.29 10.82 7.61 0.87 Argentina 0.24 7.69 0.02 2.50 5.09 0.35 Brazil 0.39 7.76 0.01 6.37 1.51 0.28 European Union 0.37 2.58 0.25 1.95 1.01 0.24 Major Importers 4/ 1.33 15.02 5.21 20.28 0.18 1.10 China 0.97 13.35 0.77 14.20 0.11 0.78 India 0.25 1.20 2.80 4.05 0.00 0.20 North Africa 5/ 0.12 0.47 1.64 2.03 0.07 0.13 2015/16 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.63 52.14 11.80 51.54 12.17 3.85 United States 0 . 8 4 1 0 . 0 20 . 1 49 . 0 31 . 0 90 . 8 8 Total Foreign 2.79 42.12 11.66 42.52 11.08 2.97 Major Exporters 3/ 0.87 19.03 0.36 11.02 8.40 0.84 Argentina 0.35 8.57 0.01 2.68 5.90 0.35 Brazil 0.28 7.80 0.05 6.39 1.50 0.24 European Union 0.24 2.66 0.30 1.95 1.00 0.25 Major Importers 4/ 1.10 16.13 6.68 22.51 0.19 1.21 China 0.78 14.66 0.82 15.45 0.11 0.69 India 0.20 1.04 4.00 4.89 0.00 0.34 North Africa 5/ 0.13 0.44 1.86 2.17 0.08 0.17 2016/17 Proj. Beginnin g Stock s Product i on Import s Domesti c TotalExport s Endin g Stock s World 2/ Jul 3.87 53.82 11.01 53.07 11.96 3.67 Aug 3.85 53.95 11.01 53.42 11.69 3.71 United States Jul 1 . 0 3 1 0 . 0 90 . 1 19 . 2 81 . 0 90 . 8 7 Aug 0 . 8 8 1 0 . 1 60 . 1 19 . 2 81 . 0 90 . 8 0 Total Foreign Jul 2.83 43.73 10.90 43.80 10.87 2.80 Aug 2.97 43.78 10.90 44.14 10.60 2.91 Major Exporters 3/ Jul 0.75 18.72 0.27 10.89 8.11 0.73 Aug 0.84 18.81 0.27 11.19 7.84 0.89 Argentina Jul 0.35 8.44 0.01 2.52 5.98 0.30 Aug 0.35 8.44 0.01 2.82 5.61 0.37 Brazil Jul 0.24 7.75 0.01 6.42 1.33 0.25 Aug 0.24 7.75 0.01 6.42 1.33 0.25 European Union Jul 0.16 2.53 0.25 1.95 0.80 0.19 Aug 0.25 2.62 0.25 1.95 0.90 0.28 Major Importers 4/ Jul 1.21 17.76 5.78 23.29 0.19 1.26 Aug 1.21 17.70 5.78 23.29 0.19 1.21 China Jul 0.69 15.59 0.82 16.20 0.11 0.79 Aug 0.69 15.59 0.82 16.20 0.11 0.79 India Jul 0.34 1.61 3.30 4.90 0.00 0.36 Aug 0.34 1.56 3.30 4.90 0.00 0.30 North Africa 5/ Jul 0.17 0.56 1.66 2.19 0.08 0.12 Aug 0.17 0.56 1.66 2.19 0.08 0.12 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. August 2016 WASDE - 556 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef PorkRed Mea t 2/Broile r Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2015 III 6,068 5,958 12,083 10,372 1,352 11,857 23,940 1,929 51.7 IV 6,109 6,457 12,625 9,937 1,458 11,526 24,150 1,980 51.3 Annual 23,698 24,501 48,432 40,048 5, 627 46,198 94,630 7,977 208.6 2016 I 5,935 6,230 12,222 10,039 1,435 11,609 23,830 2,041 53.0 II 6,187 5,962 12,206 10,247 1,520 11,904 24,110 2,078 54.4 III* 6,480 6,090 12,625 10,500 1,475 12,105 24,730 2,095 52.4 IV* 6,360 6,625 13,044 10,210 1,555 11,895 24,939 2,135 52.3 Annual Jul Proj. 24,945 25,000 50,171 41,064 5, 935 47,539 97,709 8,346 212.4 Aug Proj. 24,962 24,907 50,097 40,996 5, 985 47,513 97,610 8,349 212.1 2017 I* 6,050 6,260 12,368 10,250 1,445 11,825 24,193 2,080 53.4 II* 6,470 6,065 12,596 10,550 1,525 12,218 24,814 2,100 55.3 Annual Jul Proj. 25,785 25,455 51,476 42,020 6,115 48,690 100,166 8,515 215.6 Aug Proj. 25,800 25,510 51,546 42,060 6,135 48,750 100,296 8,515 215.8 * Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2015 III 144.22 54.59 83.7 126.4 235.7 16.97 IV 127.71 44.66 77.2 130.1 174.1 17.73 Annual 148.12 50.23 90.5 116.2 181.8 17.12 2016 I 134.81 44.63 84.6 114.7 121.5 15.70 II 127.68 53.71 93.0 116.5 67.9 14.77 III* 116-120 49-51 84-86 117-121 69-71 16.80-17.10 IV* 118-126 40-42 81-87 116-124 82-88 17.60-18.20 Annual Jul Proj. 125-129 48-50 88-91 115-119 97-100 15.55-15.85 Aug Proj. 124-127 47-48 86-88 116-119 85-87 16.25-16.45 2017 I* 117-127 40-44 83-89 107-115 77-83 16.10-17.00 II* 119-129 45-49 85-93 108-118 96-104 15.45-16.45 Annual Jul Proj. 118-128 43-46 85-93 111-120 105-114 15.70-16.70 Aug Proj. 118-128 42-45 85-92 111-120 94-102 16.15-17.15 *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by farmers for all milk. August 2016 WASDE - 556 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding Stocks Total UsePer Capita 2/ 3/ Million Pounds /4 Beef 2015 591 23,760 3,370 27,721 2,266 683 24,771 53.9 2016 Proj. Jul 683 25,009 2,908 28,600 2,469 630 25,501 55.1 Aug 683 25,026 2,955 28,664 2,450 630 25,584 55.3 2017 Proj. Jul 630 25,849 2,550 29,029 2,580 600 25,849 55.4 Aug 630 25,864 2,600 29,094 2,580 600 25,914 55.6 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2015 559 24,517 1,111 26,187 4,941 590 20,656 49.8 2016 Proj. Jul 590 25,016 1,153 26,758 5,208 600 20,950 50.2 Aug 590 24,923 1,150 26,662 5,218 625 20,819 49.8 2017 Proj. Jul 600 25,471 1,160 27,231 5,300 610 21,321 50.7 Aug 625 25,526 1,160 27,311 5,300 635 21,376 50.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2015 1,190 48,520 4,695 54,404 7,212 1,320 45,872 104.9 2016 Proj. Jul 1,320 50,260 4,294 55,875 7,684 1,281 46,910 106.5 Aug 1,320 50,187 4,336 55,843 7,675 1,301 46,867 106.4 2017 Proj. Jul 1,281 51,566 3,898 56,745 7,890 1,260 47,595 107.3 Aug 1,301 51,636 3,948 56,885 7,890 1,280 47,715 107.6 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2015 680 39,620 130 40,430 6,319 832 33,279 88.9 2016 Proj. Jul 832 40,625 132 41,589 6,753 695 34,141 90.5 Aug 832 40,557 131 41,521 6,675 775 34,071 90.3 2017 Proj. Jul 695 41,570 132 42,397 6,995 715 34,687 91.3 Aug 775 41,610 132 42,517 6,995 715 34,807 91.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2015 193 5,627 45 5,865 533 201 5,131 16.0 2016 Proj. Jul 201 5,935 48 6,184 605 240 5,339 16.5 Aug 201 5,985 48 6,234 605 240 5,389 16.6 2017 Proj. Jul 240 6,115 40 6,395 670 250 5,475 16.8 Aug 240 6,135 40 6,415 670 250 5,495 16.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2015 877 45,769 177 46,822 6,997 1,041 38,785 106.0 2016 Proj. Jul 1,041 47,099 183 48,323 7,501 944 39,878 108.2 Aug 1,041 47,073 182 48,296 7,425 1,024 39,847 108.1 2017 Proj. Jul 944 48,240 174 49,358 7,805 974 40,579 109.4 Aug 1,024 48,299 174 49,497 7,805 974 40,718 109.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2015 2,066 94,289 4,872 101,227 14,208 2,361 84,657 210.9 2016 Proj. Jul 2,361 97,359 4,477 104,197 15,185 2,225 86,787 214.7 Aug 2,361 97,260 4,518 104,139 15,100 2,325 86,714 214.5 2017 Proj. Jul 2,225 99,806 4,072 106,103 15,695 2,234 88,174 216.6 Aug 2,325 99,935 4,122 106,382 15,695 2,254 88,433 217.3 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. August 2016 WASDE - 556 - 33 U.S. Egg Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jul Aug Jul Aug Eggs Million Dozen Supply Beginning Stocks 23.0 23.3 31.1 31.1 27.0 27.0 Production 8,431.4 7,977.3 8,346.0 8,349.0 8,515.0 8,515.0 Imports 34.7 123.3 108.6 104.7 60.0 60.0 Total Supply 8,489.1 8,123.9 8,485.7 8,484.8 8,602.0 8,602.0 Use Exports 393.8 317.6 310.8 283.4 355.0 335.0 Hatching Use 980.6 995.6 1,017.5 1,016.8 1,040.0 1,040.0 Ending Stocks 23.3 31.1 27.0 27.0 27.0 27.0 Disappearance Total 7,091.4 6,779.6 7,130.4 7,157.6 7,180.0 7,200.0 Per Capita (number) 266.6 252.9 264.0 265.0 264.0 264.8 Total U.S. Milk Supply and Use Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jul Aug Jul Aug Milk Billion Pounds Production 206.1 208.6 212.4 212.1 215.6 215.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 11.2 11.2 13.3 13.3 13.5 13.7 Marketings 205.1 207.7 211.5 211.1 214.6 214.9 Imports 4.3 5.7 6.8 7.1 6.7 6.9 Total Cml. Supply 220.6 224.6 231.6 231.5 234.8 235.4 Fat Basis Use Commercial Exports 12.4 8.8 8.4 8.5 8.7 8.7 Ending Commercial Stocks 11.2 13.3 13.5 13.7 12.8 13.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 196.9 202.5 209.7 209.3 213.3 213.8 Skim-solid Basis Supply Beg. Commercial Stocks 11.7 13.1 13.9 13.9 13.8 13.6 Marketings 205.1 207.7 211.5 211.1 214.6 214.9 Imports 5.6 6.0 6.5 6.6 6.3 6.3 Total Cml. Supply 222.4 226.7 231.9 231.6 234.7 234.7 Skim-solid Basis Use Commercial Exports 39.0 37.3 36.4 37.1 37.3 37.4 Ending Commercial Stocks 13.1 13.9 13.8 13.6 13.8 13.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 170.3 175.5 181.7 180.9 183.6 184.0 Total Note: Totals may not add due to rounding. August 2016 WASDE - 556 - 34 U.S. Dairy Prices Commodity 2014 2015 2016 Proj. 2016 Proj. 2017 Proj. 2017 Proj. Jul Aug Jul Aug Product Prices 1/ Dollars Pe r Pound Cheese 2.1551 1.6454 1.515- 1.5451.610- 1.6301.565- 1.665 1.615- 1.715 Butter 2.1361 2.0670 2.155- 2.2152.140- 2.1801.940- 2.070 1.965- 2.095 Nonfat Dry Milk 1.7682 0.9016 0.785- 0.8150.795- 0.8150.865- 0.935 0.865- 0.935 Dry Whey 0.6538 0.3804 0.250- 0.2700.255- 0.2750.280- 0.310 0.285- 0.315 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 22.34 15.80 13.90- 14.2014.80- 15.0014.50- 15.50 15.00- 16.00 Class IV 22.09 14.35 13.80- 14.2013.75- 14.0513.50- 14.60 13.60- 14.70 All Milk 3/ 23.97 17.12 15.55- 15.8516.25- 16.4515.70- 16.70 16.15- 17.15 1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation. August 2016 WASDE - 556 - 35 Reliability of August Projections 1/ Note: Tables on pages 35-37 present a record of the August proj ection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 2.4 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 4 percent. Th e average difference between the August pro jection and the final estimate is 11 million tons, ranging from 0.2 million to 32.1 mill ion tons. The August projection has been below the estimate 2 3 times and above 12 times. Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percen t Million Metric Tons Production Worl d 2.4 4.0 11.0 0.2 32.1 23 12 U.S. 2.4 4.1 1.1 0.0 4.2 14 21 Forei gn 2.6 4.5 10.8 0.6 31.1 23 12 Exports Worl d 5.9 10.1 6.1 0.4 19.1 26 9 U.S. 11.2 19.1 2.7 0.0 10.0 16 18 Forei gn 7.4 12.6 6.0 0.3 20.5 25 10 Domestic Use Worl d 1.9 3.2 8.0 0.2 23.4 18 17 U.S. 7.0 11.9 1.9 0.0 4.5 12 23 Forei gn 1.8 3.1 7.6 0.2 22.0 21 14 Endin g Stocks Worl d 9.5 16.2 11.3 0.3 31.2 26 9 U.S. 15.6 26.6 3.0 0.5 12.6 21 14 Forei gn 10.3 17.4 9.9 0.2 28.7 26 9 COARSE GRAINS 2/ Production Worl d 2.4 4.0 17.5 0.4 51.0 26 9 U.S. 6.3 10.8 9.9 0.0 31.4 22 13 Forei gn 2.4 4.0 13.3 0.7 28.9 24 11 Exports Worl d 7.3 12.3 6.7 0.1 23.8 23 12 U.S. 21.5 36.4 7.5 0.4 19.7 14 21 Forei gn 14.6 24.8 7.2 1.4 18.1 23 12 Domestic Use Worl d 1.7 2.8 12.5 0.2 30.8 19 16 U.S. 4.3 7.3 7.1 0.5 17.0 21 14 Forei gn 1.8 3.0 10.4 1.1 30.3 21 14 Endin g Stocks Worl d 15.1 25.7 18.1 0.1 53.5 28 7 U.S. 29.4 49.9 10.3 0.3 43.5 18 17 Forei gn 15.5 26.3 12.5 0.2 42.5 28 7 RICE , milled Production Worl d 2.4 4.0 6.6 0.1 24.4 22 13 U.S. 5.2 8.8 0.2 0.0 0.6 19 16 Forei gn 2.4 4.1 6.5 0.4 24.7 23 12 Exports Worl d 9.2 15.7 1.5 0.0 6.9 25 10 U.S. 11.5 19.5 0.2 0.0 1.0 18 15 Forei gn 10.3 17.4 1.5 0.1 6.8 24 11 Domestic Use Worl d 1.9 3.3 4.4 0.1 23.5 26 9 U.S. 8.6 14.7 0.2 0.0 0.5 15 20 Forei gn 2.0 3.3 4.5 0.0 24.0 25 10 Endin g Stocks Worl d 12.5 21.2 5.3 0.1 15.9 27 8 U.S. 30.0 50.9 0.2 0.0 1.0 21 13 Forei gn 13.5 22.9 5.2 0.1 15.9 27 8 1/ Footnotes at end of table. CONTINUED August 2016 WASDE - 556 - 36 Reliability of August Projections (Continued) 1/ Differences between forecast and final estimate 90 percen t Years Commodity and Region Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 4.8 8.1 6.9 0.3 26.7 21 14 U.S. 6.3 10.6 3.4 0.0 11.1 19 15 Foreign 7.8 13.3 6.6 1.1 26.4 18 17 Exports World 7.3 12.3 3.1 0.2 11.6 23 12 U.S. 12.4 21.1 2.8 0.0 7.1 21 13 Foreign 20.2 34.3 2.7 0.0 9.4 16 19 Domestic Use World 3.7 6.2 5.0 0.0 15.9 23 12 U.S. 5.2 8.8 1.8 0.0 4.6 23 12 Foreign 4.2 7.1 4.3 0.6 11.3 22 13 Ending Stocks World 17.0 28.9 4.3 0.1 15.0 18 17 U.S. 47.0 79.7 2.6 0.3 7.3 11 24 Foreign 19.3 32.8 4.2 0.2 16.0 21 14 COTTON Million 480-Pound Bales Production World 5.1 8.7 3.4 0.0 13.2 19 15 U.S. 7.7 13.1 1.0 0.0 3.9 17 17 Foreign 5.6 9.4 3.1 0.0 10.9 19 15 Exports World 9.9 16.8 2.3 0.1 10.2 16 19 U.S. 22.2 37.7 1.1 0.0 3.2 18 17 Foreign 13.0 22.1 1.9 0.1 8.5 18 17 Domestic Use World 4.0 6.8 3.0 0.3 14.2 13 22 U.S. 9.1 15.4 0.5 0.0 1.3 18 15 Foreign 4.1 6.9 2.9 0.3 13.4 14 21 Ending Stocks World 15.5 26.3 5.7 0.2 14.2 24 11 U.S. 40.4 68.5 1.4 0.0 5.1 13 21 Foreign 15.7 26.6 5.0 0.1 14.0 26 9 1/ Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. August 2016 WASDE - 556 - 37 Reliability of United States August Projections 1/ Differences between forecast and final estimate 90 percen t Years Root mean square erro rconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 6.8 11.6 371 1 1,079 22 13 Exports 22.4 38.0 265 12 750 14 21 Domestic Use 4.7 8.0 288 10 590 22 13 Ending Stocks 35.0 59.3 378 12 1,674 17 18 SORGHUM Production 8.3 14.1 35 1 108 19 16 Exports 30.0 50.9 42 1 160 17 18 Domestic Use 26.9 45.7 43 0 130 16 17 Ending Stocks 56.0 95.0 39 4 201 13 22 BARLEY Production 6.4 10.8 16 1 67 12 23 Exports 50.6 85.9 14 0 82 16 17 Domestic Use 10.0 17.0 25 0 82 12 22 Ending Stocks 19.3 32.7 22 0 94 16 18 OATS Production 9.2 15.6 14 1 57 7 28 Exports 1 0 0 . 8 1 7 1 . 11088 1 2 Domestic Use 6.0 10.2 14 1 39 11 24 Ending Stocks 24.5 41.5 16 2 40 16 19 SOYBEAN MEAL Thousand Short Tons Production 5.2 8.8 1,371 32 3,669 25 10 Exports 16.5 28.0 978 50 3,500 22 13 Domestic Use 4.2 7.1 814 24 3,800 21 14 Ending Stocks 44.7 75.9 52 0 428 10 14 SOYBEAN OIL Million Pounds Production 5.2 8.8 675 11 2,290 23 12 Exports 34.3 58.1 416 0 1,575 16 17 Domestic Use 4.3 7.3 459 8 2,200 23 12 Ending Stocks 34.1 57.9 485 0 1,472 18 16 ANIMAL PROD. 3/ Million Pounds Beef 4.2 7.2 841 110 2,536 24 10 Pork 3.2 5.4 423 25 1,375 20 14 Broilers 2.3 3.9 580 49 1,338 19 15 Turkeys 3.9 6.6 145 2 458 21 13 Million Dozen Eggs 1.8 3.1 102 4 394 22 12 Billion Pounds Milk 1.7 2.9 2.1 0.0 7.0 19 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2015/16 for grains, soybeans, and cotton. Final for grains, so ybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2014/15, and for 2015/16 last month’s estimate. Calendar years 1983 through 2015 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1983-2015. WASDE-556-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 WASDE Notification System Subscribers are notified through GovDelivery when the monthly World Agricultural Supply and Demand Estimates (WASDE ) report is available. Previous WASDE reports are available at http://usda.mannlib.cornell.edu/MannUsd a/viewDocumentInfo.do?documentID=1194 For questions contact: Susan Carter at 202-720-5447 or [email protected] World Agricultural Suppl y and Demand Estimates WASDE-556 – August 12, 2016 WASDE Briefing Slides: The briefing slides wh ich accompany today’s WASDE report will be available at http://www.usda.gov/oce /commodity/wasde/ Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

January

WASDE-644

1554-9089

Global and U.S.

ISSN: 1554-9089 World Agricultural Supply and Demand Estimates Office of the Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service WASDE - 537 Approved by the World Agricultural Outlook Board January 12, 2015 WHEAT: Feed and residual use for 2014/15 is lowe red 30 million bushels reflecting disappearance for June-November as indicated by the December 1 stocks released in the Grain Stocks report. Seed use is lowered on the winter w heat planted area reported today in the Winter Wheat Seedings report. U.S. wheat supplies for 2014/15 are up s lightly on increased beginning stocks. Projected ending stocks are raised 33 million bushels. The 2014/15 season-average farm price is projected 10 cents higher on both ends to $5.90 to $6.30. Global wheat supplies for 2014/15 are raised 1.7 million tons with both increased production and beginning stocks. World wheat production remains record high and is raised 1.2 million tons led by a 1.1-million-ton increase for Ethiopia on improved weather conditions. EU is raised 0.1 million tons on updated government statistics. Global beginning stocks are up 0.5-million-tons almost exclusively on 2013/14 production revisions for EU. Global wheat trade for 2014/15 is raised with expor ts up 1.2 million tons on larger supplies and stronger demand in several importing countries. Ex ports are raised 1.0 million tons for EU and 0.7 million tons for Ukraine. The EU increase st ems from a fast shipment pace to date and expanded opportunities once Russia’s export duties take effe ct. The Ukraine increase also stems from expanded opportunities resulting from Russian export duties. Exports are raised 0.5 million tons each for Canada and Iran, and 0.2 million tons each for India and Kazakhstan; these changes are all on a fast shipment pace to date. Partly o ffsetting is a 2-million-ton export decrease for Russia on announced export duties that will take effect F ebruary 1. EU and Iran imports are each raised 0.5 million tons. Uzbekistan and United Arab Em irates are raised 0.2 and 0.1 million tons, respectively. Partly offsetting are a 0.5-milli on-ton reduction for Ethiopia imports and a 0.2-million- reduction for China. The Ethiopia reduction reflec ts a larger crop; all other import changes are on pace to date. Global wheat consumption for 2014/15 is up slightly mostly on increased feed use for Iran, Ethiopia, and Uzbekistan. A 0.2-million-ton increase for Ethiopia food use is offset by a 0.2-million-ton reduction for EU. Increased supplies are mostly offset by increased use with global ending stocks raised 1.1 million tons. COARSE GRAINS: U.S. feed grain supplies for 2014/15 ar e projected lower with a reduction in corn production more than offsetting an increase in sorghum. Harvested area for corn is increased slightly, but the national average yield is estimated 2.4 bushel per acre lower at 171.0 bushels per acre. Corn production is estimat ed 191 million bushels lower. Yield and production, however, both remain records. Sorghum produc tion is raised 25 million bushels with increases estimated for both harvested area and yield. Total projected corn use for 2014/15 is reduc ed 75 million bushels with lower feed and residual use only partly offset by an increase in corn used for ethanol production. Feed and residual use is lowered 100 million bushels with the smaller crop and reflecting September-November disappearance as indicated by the December 1 st ocks. Corn used to produce ethanol is raised WASDE-537-2 25 million bushels mostly offsetting a reduction in expected sorghum use for ethanol. Corn ending stocks are projected 121 million bushels lo wer. The projected range for the season- average corn farm price is raised 15 c ents on each end to $3.35 to $3.95 per bushel. Other 2014/15 U.S. feed grain changes reflect the continued strong pace of sorghum export sales and shipments to China and changes in feed and residual disappearance as indicated by the December 1 stocks. Sorghum exports are raised 40 million bushels. Domestic sorghum use is lowered 10 million bushels with a reduction in food, seed, and industrial use partly offset by higher feed and residual use. Barley feed and residual use is lowered 10 million bushels based on June-November disappearance as indicated by the December 1 stocks. The sorghum farm price range is raised 30 cents on each end to $3.50 to $4.10 per bushel and higher than the projected corn price because of t he large share of use coming from exports this year. The barley farm price range is raised 10 cents at the mi dpoint to $5.00 to $5.50 per bushel based on higher- than-expected prices for feed barle y reported to date. The oats farm price range is narrowed 5 cents on each end to $3.10 to $3.40 per bushel. Global coarse grain supplies for 2014/15 are projected 3.7 million tons lower as a result of this month’s reduction in the U.S. corn crop. Forei gn coarse grain supplies are raised slightly with higher corn production for India and EU and higher barley production for Ethiopia. India corn production is raised 1.0 million tons with higher-t han-expected plantings reported for its winter crop. EU corn production is raised 0.4 million tons with higher production reported for Spain, Croatia, Hungary, and Bulgaria. Offsetting thes e increases is a 0.4- million-ton reduction for Brazil sorghum with lower expected area. Global coarse grain consumption for 2014/15 is r educed slightly as lower domestic use in the United States is mostly offset by higher corn use for Ethiopia, EU, India, and Canada. Sorghum consumption is raised for China, but lowered fo r Brazil and Japan. Barley consumption is raised slightly with increases for Ethiopia and Iran. Gl obal coarse grain exports are up 1.3 million tons with most of the increase for sorghum. Sor ghum exports are raised for the United States and imports are raised for China but lowered for Japan. Barley exports are raised for Australia and Kazakhstan with imports raised for Iran and Tuni sia. Global coarse grain ending stocks for 2014/15 are lowered 3.3 million tons mostly on lower projected corn stocks in the United States. Corn ending stocks are also lowered for Argentina with an increase this month in 2013/14 exports. RICE: The U.S. 2014/15 rice crop is estimated at 221.0 million cwt, down fractionally from the previous estimate. Average yield is esti mated at 7,572 pounds per acre, down 25 pounds per acre. Harvested area is estimated at 2.919 m illion acres, up 9,000 acres from the previous estimate with most of the increase in Arkansas . Long-grain rice production is estimated at 162.4 million cwt, up 2.1 million from last month, and combined medium- and short-grain production is lowered 2.2 million to 58.7 million. All rice imports for 2014/15 are increased 1.0 million cwt to 22.0 million due primarily to a large shipment of long-grain broken rice from Vietnam reported in the November trade data released by the U.S. Census Bureau. The all rice 2014/15 domestic and residual us e projection is unchanged at 131.0 million as implied by the December 1 stocks. Long-grain and combined medium- and short-grain rice domestic and residual use are both unchanged from a month ago and projected at 99.0 million and 32.0 million, respectively. The all rice export projection is unc hanged at 103.0 million cwt; however, the long-grain export projection is raised 1.0 million cwt to 70.0 million and the combined medium- and short-grain forecast is lo wered to 33.0 million. The boost in the long- grain export projection is due primarily to increased exports of rough rice to Latin America as reported in the November trade data provided by the U.S. Census Bureau. The 2014/15 all rice WASDE-537-3 rough export projection is unchanged at 35.0 million cwt and the milled and brown rice component is unchanged at 68.0 million (rough rice equivalent basis). All rice ending stocks for 2014/15 are projected at 40.9 million cwt, up 1.0 m illion from last month, and an increase of 28 percent from a year ago. Long-grain rice ending stocks are forecast at 29.1 million cwt, up 2.1 million from last month. Combined medium- and short-grain rice ending stocks are projected at 9.5 million cwt, down 1.2 million from last month. The 2014/15 long-grain season-aver age farm price range is projec ted at $11.70 to $12.70 per cwt, down 30 cents per cwt on each end from last month. The combined medium- and short- grain farm price range is proj ected at $18.00 to $19.00 per cwt, down 50 cents per cwt on each end from a month ago. The all rice season-aver age farm price is forecast at $13.60 to $14.60 per cwt, down 40 cents per cwt on each end. The decrease in the price projections is due to lower-than-expected prices report ed in the December issue of Agricultural Prices released by USDA and price expectations the remainder of the marketing year. Global 2014/15 rice supply and use is changed very little from a month ago. Global rice production is projected at 475.5 m illion tons up 0.2 million from last month, but down 1.5 million from the record 2013/14 crop. The increase in the 2014/15 crop is primarily due to an increase for Paraguay which is partially offset by a dr op in Brazil. Global consumption for 2014/15 is increased 0.4 million tons to a record 483.3 milli on tons with small increases distributed among several countries. The export projection for 2014/ 15 is raised 0.7 million tons to a record 42.6 million due primarily to increases for Burma, Guyana, Paraguay, and Thailand. Imports are raised for Bolivia, Haiti, Syria, and the United States. Global rice ending stocks for 2014/15 are projected at 99.0 million tons, down 0.1 million fr om last month, and a decrease of 7.9 million from the prior year. Ending stocks projections are lowered for Brazil and Thailand, but increased for Bangladesh and the United States. OILSEEDS: U.S. oilseed production for 2014/15 is esti mated at 117.4 million tons, up 0.3 million from last month. Larger crops for soybeans , peanuts, and cottonseed are partly offset by reductions for sunflowerseed and canola. So ybean production is estimated at 3,969 million bushels, up 11 million bushels with lower harvested area more than offset with increased yields. Harvested area is estimated at 83.1 million acres, down 0.3 million from the previous forecast. The soybean yield is estimated at 47.8 bushels per acre, up 0.3 bushels from last month. Soybean exports are increased 10 million bushels to 1,770 million reflecting record exports during the first quarter of the marketing year . Soybean ending stocks for 2014/15 are projected at 410 million bushels, unchanged from last m onth. Soybean meal balance sheet changes include increased imports and domestic consum ption. Soybean oil balance sheet changes include reduced production on a lower extraction rate and lower domestic use for biodiesel. The 2014/15 U.S. season-average farm price for soybeans is projected at $9.45 to $10.95 per bushel, up 20 cents at the midpoint based on prices reported to date. The soybean oil price is forecast at 31 to 35 cents per pound, down 1 cent at the midpoint. The soybean meal price projection is unchanged at $340 to $380 per short ton. Global oilseed production for 2014/15 is projected at a record 532.4 million tons, up 1.6 million on increases for soybeans, sunflowerseed, rapes eed, and peanuts. Global soybean production is projected at 314.4 million tons, up 1.6 million on gains for Brazil and the United States. The Brazil soybean crop projection is ra ised 1.5 million tons to a record 95.5 million. The increase is based on higher projected yields for major producing states including Mato Grosso and Parana. Soybean production is reduced for India on lower yields reflecting late planting and a short monsoon season. Several years of historical revisions are also made for India soybean WASDE-537-4 production. Other changes include increased so ybean production for Bolivia, increased soybean and sunflowerseed production for EU, and r educed cottonseed production for India. Global oilseed trade for 2014/15 is projected at 135.7 million tons, up 0.4 million from last month. Increased soybean exports for the United Stat es and increased rapeseed export prospects for Canada account for most of the change. Global oilseed ending stocks are projected at 104.7 million tons, up 0.6 million on increased soybean stocks in Brazil which are partly offset by lower soybean stocks in EU and lower canola stocks in Canada. SUGAR: U.S. 2014/15 total sugar supply is decreas ed 9,412 short tons, raw value (STRV) from last month to 13.910 million. With no change to beginning stocks or production, the change in supply is attributable to a net reduction in impor ts. Imports from Mexico are decreased by 22,419 STRV to 1.602 million. This total is based on t he Target Quantity of U.S. Needs defined in the Agreement Suspending the Countervailing Duty Inve stigations on Sugar from Mexico, effective December 19, 2014. This agreement is assumed to be part of official U.S. government policy limiting sugar imports from Mexico. Imports entering under the Caribbean/Dominican Republic Free Trade Agreement are increased 13,007 STRV, in creasing total sugar tariff-rate quota (TRQ) imports to 1.492 million. Total imports are 3. 504 million STRV. There are no changes to total use. Ending stocks are calculated residually at 1.666 million STRV. The implied stocks-to-use ratio is 13.6 percent, slightly less than last month’s 13.7 percent. Mexico 2014/15 production is increased by 11,372 me tric tons (MT) to 6.151 million based on the first production estimate from Comité Nacional Para El Desarrollo Sustentable de la Caña de Azúcar (Conadesuca). The 2014/15 projec tion represents an increase over last year of 130,080 MT, or 2.2 percent. Exports are decreased by 19,187 MT to 1.696 million MT. The current projection is the sum of exports of 1.371 m illion MT to the United States, and 325,000 MT to other countries. Ending stocks are calculated residually at 954,559 MT, implying an ending stocks-to-consumption ratio of 22.7 percent. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production for 2015 is raised from last month on increased beef and pork pr oduction. Poultry production forecasts are unchanged. Beef production is raised on higher carcass weights. USDA’s Quarterly Hogs and Pigs report indicated farrowings increased 3 per cent in September-November 2014 and that producers intend to expand farrowings by 4 percent during December-May 2015. The report also showed that pigs per litter was record high for the September-November period; continued growth in pigs per litter is expected during 2015, resulting in greater availability of hogs for slaughter. However, the increase in the number of slaughter hogs may be partly offset by lower weights as hogs are marketed more rapidly. For 2014, the total meat production estimate is raised on higher pork and broiler production. Beef production is reduced on a slightly slower pace of slaughter. The forecasts for 2014 and 2015 beef imports are raised, but the export forecast is reduced for 2014. Pork exports for 2014 are reduced on the pace of shipments, but the forecast is unchanged for 2015. No change is made to imports. Broiler exports are reduced slightly for 2015. No change is made to the turkey export forecasts. The cattle price forecasts for 2015 are reduced from last month. The hog price forecast for 2015 is lowered on larger supplies. Broiler prices are lowered fo r 2015 as supplies of competing meats pressure prices. No change is made to tu rkey or egg prices. Pr ices for 2014 are adjusted to incorporate December data. WASDE-537-5 The milk production estimate for 2014 and the fore cast for 2015 are lowered from last month on slower growth in cow numbers and milk per cow. Skim-solids export forecasts are raised for 2014 and 2015 primarily on stronger sales of whey and nonfat dry milk. Fat basis exports are unchanged for 2014 but slightly higher in 2015. Ending stocks for 2014 are raised as domestic demand has been weaker than expected. Dairy product prices for 2015 ar e reduced as carry-in stocks are higher and supplies remain relatively large, especially in the first half of the year. However, demand is expected to strengthen later in the year with lower price leve ls, limiting further price declines. The Class III and Class IV prices for 2015 are lowered on weaker product prices. The all milk price is lowered to $17.75-18.55 per cwt for 2015. COTTON: The 2014/15 U.S. cotton estimates in clude slightly larger production and ending stocks. Production is raised 161,000 bales, as the cr op is estimated higher in all regions except the Southeast. Domestic mill use and exports are unchanged, resulting in estimated ending stocks of 4.7 million bales. The forecast range fo r the marketing-year average price received by producers of 59.5 to 63.5 cents per pound is narro wed 0.5 cents on both ends, with the midpoint unchanged at 61.5 cents. The 2014/15 world cotton estimates show small revisi ons from last month. Total world production is marginally higher, as increases for Pakistan, the United States, and Tanzania are mostly offset by a decrease for India. Global consumption is reduced nearly 400,000 bal es, as a decrease for China is partially offset by increases for S udan and Zimbabwe. China’s consumption is lowered as mills’ response to falling domes tic cotton prices continues to be sluggish and yarn imports to date remain high. World trade is reduced margi nally based on decreases in Pakistan’s imports and India’s exports. World ending stocks are now projected at 108.6 million bales. Approved by the Secretary of Agriculture and the Acting Chairperson of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MICHAEL T. SCUSE SECRETARY OF AGRICULTURE DESIGNATE WASDE-537-6 INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : [email protected] Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : [email protected] Nathan Childs, ERS; Yoonhee Macke, FAS; Mark Simone, FSA. Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : [email protected] Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : [email protected] Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : [email protected] Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA. Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : [email protected] Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Larry Haller, AMS; David Harvey, ERS; Clair e Mezoughem, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : [email protected] Uthra Raghunathan, AMS; Jerry Cessna, ERS; P aul Kiendl, FAS; Milton Madison, FSA. For 2015, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 10, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, Dec. 9. WASDE-537-7 T A B L E OF C O N T E N T S Page Highlights ............................................................................................................... 1 Interagency Commodity Estimates Committees ..................................................... 6 World & U.S. Supply & Use for Grains ................................................................... 8 World & U.S. Supply & Use for Cotton ................................................................... 9 World & U.S. Supply & Use for Oilseeds ............................................................. 10 U.S. Wheat Supply & Use .................................................................................... 11 U.S. Wheat Supply & Use by Class ..................................................................... 11 U.S. Feed Grain & Corn Supply & Use ................................................................ 12 U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13 U.S. Rice Supply & Use ....................................................................................... 14 U.S. Soybeans & Products Supply & Use ............................................................ 15 U.S. Sugar Supply & Use ..................................................................................... 16 Mexico Sugar Supply and Use ............................................................................. 16 U.S. Cotton Supply & Use .................................................................................... 17 World Wheat Supply & Use ................................................................................. 18 World Coarse Grains Supply & Use ..................................................................... 20 World Corn Supply & Use .................................................................................... 22 World Rice Supply & Use..................................................................................... 24 World Cotton Supply & Use ................................................................................. 26 World Soybean Supply & Use .............................................................................. 28 World Soybean Meal Supply & Use ..................................................................... 29 World Soybean Oil Supply & Use ........................................................................ 30 U.S. Quarterly Animal Product Production ........................................................... 31 U.S. Quarterly Prices for Animal Products ........................................................... 31 U.S. Meats Supply and Use ................................................................................. 32 U.S. Egg Supply & Use ........................................................................................ 33 U.S. Milk Supply and Use .................................................................................... 33 U.S. Dairy Prices ................................................................................................. 34 Reliability Tables ................................................................................................. 35 Related USDA Reports ........................................................................................ 38 Metric Conversion Factors ................................................................................... 38 Electronic Access and Subscriptions ....................................................................... 40 January 2015 WASDE - 537 - 8 World and U.S Supply and Use for Grains 1/ Million Metric Tons World OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks Total Grains 4/ 2012/13 2266.19 2737.60 299.49 2284.14 453.46 2013/14 (Est.) 2470.63 2924.09 371.86 2422.62 501.46 filler filler filler filler filler 2014/15 (Proj.) Dec 2472.73 2974.33 346.69 2453.15 521.17 2014/15 (Proj.) Jan 2471.19 2972.65 349.84 2453.76 518.90 filler filler filler filler filler Wheat 2012/13 658.04 854.17 137.36 679.75 174.42 2013/14 (Est.) 715.36 889.78 165.83 703.98 185.80 filler filler filler filler filler 2014/15 (Proj.) Dec 722.18 907.48 158.04 712.58 194.90 2014/15 (Proj.) Jan 723.38 909.18 159.19 713.19 196.00 filler filler filler filler filler Coarse Grains 5/ 2012/13 1136.27 1304.72 122.88 1135.76 168.96 2013/14 (Est.) 1278.31 1447.27 163.82 1238.46 208.81 filler filler filler filler filler 2014/15 (Proj.) Dec 1275.32 1484.84 146.74 1257.68 227.16 2014/15 (Proj.) Jan 1272.34 1481.14 148.07 1257.24 223.90 filler filler filler filler filler Rice, milled 2012/13 471.88 578.71 39.25 468.63 110.08 2013/14 (Est.) 476.96 587.04 42.20 480.18 106.86 filler filler filler filler filler 2014/15 (Proj.) Dec 475.24 582.01 41.91 482.89 99.12 2014/15 (Proj.) Jan 475.47 582.33 42.57 483.33 99.00 filler filler filler filler filler United States Output Total SupplyTrade 2 /Total Use 3/Ending Stocks Total Grains 4/ 2012/13 352.96 412.94 51.63 317.09 44.23 2013/14 (Est.) 431.31 484.09 89.42 343.27 51.40 filler filler filler filler filler 2014/15 (Proj.) Dec 443.57 503.96 79.02 352.20 72.75 2014/15 (Proj.) Jan 439.32 499.68 80.03 348.90 70.74 filler filler filler filler filler Wheat 2012/13 61.30 84.85 27.54 37.77 19.54 2013/14 (Est.) 58.11 82.23 32.01 34.15 16.07 filler filler filler filler filler 2014/15 (Proj.) Dec 55.13 76.07 25.17 33.09 17.81 2014/15 (Proj.) Jan 55.13 76.09 25.17 32.22 18.70 filler filler filler filler filler Coarse Grains 5/ 2012/13 285.31 319.77 20.70 275.54 23.53 2013/14 (Est.) 367.09 393.85 54.42 305.11 34.31 filler filler filler filler filler 2014/15 (Proj.) Dec 381.37 419.13 50.55 314.91 53.67 2014/15 (Proj.) Jan 377.12 414.79 51.56 312.49 50.74 filler filler filler filler filler Rice, milled 2012/13 6.35 8.32 3.39 3.78 1.16 2013/14 (Est.) 6.12 8.01 2.99 4.00 1.03 filler filler filler filler filler 2014/15 (Proj.) Dec 7.07 8.76 3.29 4.19 1.28 2014/15 (Proj.) Jan 7.07 8.79 3.29 4.19 1.31 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). January 2015 WASDE - 537 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Foreign 3/ OutputTotal Supply Trade 2 /Total UseEnding Stocks Total Grains 4/ 2012/13 1,913.23 2,324.66 247.86 1,967.05 409.24 2013/14 (Est.) 2,039.32 2,440.00 282.44 2,079.36 450.06 filler filler filler filler filler 2014/15 (Proj.) Dec 2,029.16 2,470.37 267.68 2,100.96 448.43 2014/15 (Proj.) Jan 2,031.87 2,472.98 269.81 2,104.86 448.15 filler filler filler filler filler Wheat 2012/13 596.74 769.32 109.82 641.98 154.88 2013/14 (Est.) 657.25 807.55 133.82 669.83 169.73 filler filler filler filler filler 2014/15 (Proj.) Dec 667.05 831.40 132.87 679.49 177.09 2014/15 (Proj.) Jan 668.26 833.09 134.02 680.96 177.30 filler filler filler filler filler Coarse Grains 5/ 2012/13 850.96 984.95 102.17 860.22 145.43 2013/14 (Est.) 911.22 1,053.42 109.40 933.35 174.49 filler filler filler filler filler 2014/15 (Proj.) Dec 893.95 1,065.71 96.19 942.77 173.49 2014/15 (Proj.) Jan 895.22 1,066.35 96.51 944.75 173.16 filler filler filler filler filler Rice, milled 2012/13 465.53 570.39 35.87 464.85 108.92 2013/14 (Est.) 470.84 579.03 39.22 476.18 105.84 filler filler filler filler filler 2014/15 (Proj.) Dec 468.17 573.25 38.62 478.70 97.84 2014/15 (Proj.) Jan 468.40 573.54 39.28 479.14 97.69 filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales OutputTotal Supply Trade 2 /Total Use 3 /Ending Stocks World 2012/13 123.58 197.39 46.76 107.78 89.97 2013/14 (Est.) 120.44 210.41 40.73 109.10 101.66 2014/15 (Proj.) Dec 118.98 220.62 34.29 112.60 108.08 2014/15 (Proj.) Jan 119.17 220.83 33.99 112.24 108.64 United States 2012/13 17.31 20.67 13.03 3.50 3.80 2013/14 (Est.) 12.91 16.72 10.53 3.55 2.45 2014/15 (Proj.) Dec 15.92 18.38 10.00 3.80 4.60 2014/15 (Proj.) Jan 16.08 18.54 10.00 3.80 4.70 Foreign 4/ 2012/13 106.27 176.72 33.74 104.28 86.17 2013/14 (Est.) 107.53 193.69 30.20 105.55 99.21 2014/15 (Proj.) Dec 103.06 202.23 24.29 108.80 103.48 2014/15 (Proj.) Jan 103.08 202.29 23.99 108.44 103.94 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. January 2015 WASDE - 537 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) World OutputTotal Supply TradeTotal Use 2 /Ending Stocks Oilseeds 2012/13 475.74 543.18 118.15 396.90 69.30 2013/14 (Est.) 504.22 573.53 133.86 417.73 80.37 2014/15 (Proj.) Dec 530.72 611.31 135.34 429.68 104.06 2014/15 (Proj.) Jan 532.37 612.74 135.72 431.03 104.69 Oilmeals 2012/13 268.64 280.96 78.09 264.37 11.19 2013/14 (Est.) 281.33 292.52 81.79 276.28 12.44 2014/15 (Proj.) Dec 291.52 303.96 85.57 286.50 12.96 2014/15 (Proj.) Jan 292.58 305.02 85.23 287.63 13.00 Vegetable Oils 2012/13 160.76 178.67 68.51 157.21 17.56 2013/14 (Est.) 170.39 187.95 68.93 165.60 18.27 2014/15 (Proj.) Dec 176.44 193.79 71.08 172.95 17.76 2014/15 (Proj.) Jan 176.06 194.33 70.90 173.53 18.09 United States Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 93.32 100.70 36.87 50.23 5.76 2013/14 (Est.) 99.02 107.95 45.79 51.47 3.95 2014/15 (Proj.) Dec 117.04 122.48 48.94 53.24 12.71 2014/15 (Proj.) Jan 117.34 122.74 49.20 53.17 12.71 Oilmeals 2012/13 38.69 42.42 10.49 31.61 0.31 2013/14 (Est.) 39.40 43.46 10.75 32.41 0.29 2014/15 (Proj.) Dec 41.58 45.47 11.90 33.23 0.34 2014/15 (Proj.) Jan 41.56 45.52 11.90 33.29 0.34 Vegetable Oils 2012/13 10.23 15.57 1.39 13.03 1.16 2013/14 (Est.) 10.44 15.62 1.12 13.53 0.98 2014/15 (Proj.) Dec 10.82 15.92 1.32 13.55 1.05 2014/15 (Proj.) Jan 10.73 15.83 1.30 13.49 1.04 filler filler filler filler filler Foreign 3/ Outpu tTotal Suppl y TradeTotal Use 2 / Endin g Stock s Oilseeds 2012/13 382.42 442.48 81.27 346.67 63.54 2013/14 (Est.) 405.21 465.58 88.07 366.27 76.42 2014/15 (Proj.) Dec 413.68 488.83 86.41 376.44 91.35 2014/15 (Proj.) Jan 415.02 489.99 86.52 377.85 91.98 Oilmeals 2012/13 229.96 238.54 67.61 232.75 10.88 2013/14 (Est.) 241.92 249.06 71.03 243.86 12.15 2014/15 (Proj.) Dec 249.93 258.49 73.67 253.27 12.63 2014/15 (Proj.) Jan 251.02 259.50 73.33 254.35 12.66 Vegetable Oils 2012/13 150.53 163.10 67.12 144.18 16.40 2013/14 (Est.) 159.95 172.33 67.81 152.08 17.29 2014/15 (Proj.) Dec 165.62 177.87 69.76 159.41 16.71 2014/15 (Proj.) Jan 165.33 178.50 69.59 160.05 17.05 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States. January 2015 WASDE - 537 - 11 U.S. Wheat Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Million Acres Area Planted 55.3 56.2 56.8 56.8 Area Harvested 48.8 45.3 46.4 46.4 Bushels Yield per Harvested Acre 46.2 47.1 43.7 43.7 Million Bushels Beginning Stocks 743 718 590 590 Production 2,252 2,135 2,026 2,026 Imports 123 169 180 180 Supply, Total 3,118 3,021 2,795 2,796 Food 945 952 960 960 Seed 73 77 76 74 Feed and Residual 370 226 180 150 Domestic, Total 1,388 1,255 1,216 1,184 Exports 1,012 1,176 925 925 Use, Total 2,400 2,431 2,141 2,109 Ending Stocks 718 590 654 687 CCC Inventory 0000 Free Stocks 718 590 654 687 Outstanding Loans 8 8 45 45 Avg. Farm Price ($/bu) 2/ 7.77 6.87 5.80 - 6.20 5.90 - 6.30 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red WinterHard Red SpringSoft Red Winter White Durum Total Millio n Bushel s 2013/14 (Est.) Beginning Stocks 343 165 124 63 23 718 Production 747 491 568 271 58 2,135 Supply, Total 3/ 1,109 733 713 341 125 3,021 Domestic Use 426 318 318 120 73 1,255 Exports 446 246 283 171 31 1,176 Use, Total 872 564 600 291 103 2,431 Ending Stocks, Total 237 169 113 50 22 590 2014/15 (Proj.) Beginning Stocks 237 169 113 50 22 590 Production 738 556 455 224 53 2,026 Supply, Total 3/ 986 805 583 283 140 2,796 Domestic Use 428 310 258 100 88 1,184 Exports 305 285 155 150 30 925 Use, Total 733 595 413 250 118 2,109 Ending Stocks, Total Jan 253 210 170 33 22 687 Ending Stocks, Total Dec 227 212 162 32 22 654 Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. January 2015 WASDE - 537 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Million Acres Area Planted 109.9 109.9 103.8 103.4 Area Harvested 96.6 98.1 92.7 93.0 Metric Tons Yield per Harvested Acre 2.95 3.74 4.11 4.05 Million Metric Tons Beginning Stocks 27.8 23.5 34.4 34.3 Production 285.1 366.9 381.2 376.9 Imports 6.4 3.0 3.1 3.1 Supply, Total 319.4 393.4 418.7 414.4 Feed and Residual 115.1 133.3 141.8 139.6 Food Seed & Industrial 160.1 171.4 172.8 172.5 Domestic, Total 275.2 304.7 314.5 312.1 Exports 20.7 54.4 50.5 51.6 Use, Total 295.8 359.1 365.1 363.6 Ending Stocks 23.5 34.3 53.7 50.7 CCC Inventory 0.0 0.0 0.0 0.0 Free Stocks 23.5 34.3 53.7 50.7 Outstanding Loans 0.8 2.0 5.9 5.9 CORN 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Million Acres Area Planted 97.3 95.4 90.9 90.6 Area Harvested 87.4 87.5 83.1 83.1 Bushels Yield per Harvested Acre 123.1 158.1 173.4 171.0 Million Bushels Beginning Stocks 989 821 1,236 1,232 Production 10,755 13,829 14,407 14,216 Imports 160 36 25 25 Supply, Total 11,904 14,686 15,668 15,472 Feed and Residual 4,315 5,036 5,375 5,275 Food, Seed & Industrial 2/ 6,038 6,501 6,545 6,570 Ethanol & by-products 3/ 4,641 5,134 5,150 5,175 Domestic, Total 10,353 11,537 11,920 11,845 Exports 730 1,917 1,750 1,750 Use, Total 11,083 13,454 13,670 13,595 Ending Stocks 821 1,232 1,998 1,877 CCC Inventory 0000 Free Stocks 821 1,232 1,998 1,877 Outstanding Loans 32 76 230 230 Avg. Farm Price ($/bu) 4/ 6.89 4.46 3.20 - 3.80 3.35 - 3.95 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-p roducts/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn glut en feed, corn gluten meal, and corn oil. 4/ Marketing- year weighted average price received by farmers. January 2015 WASDE - 537 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Million Bushels Filler Filler Filler Filler Filler Area Planted (mil. acres) 6.3 8.1 7.2 7.1 Area Harvested (mil. acres) 5.0 6.6 6.2 6.4 Yield (bushels/acre) 49.6 59.6 66.1 67.6 Beginning Stocks 23 15 34 34 Production 248 392 408 433 Imports 1 0000 Supply, Total 280 408 442 467 Feed and Residual 94 92 95 120 Food, Seed & Industrial 95 70 80 45 Total Domestic 189 162 175 165 Exports 76 212 230 270 Use, Total 265 374 405 435 Ending Stocks 15 34 37 32 Avg. Farm Price ($/bu) 2/ 6.33 4.28 3.20 - 3.80 3.50 - 4.10 Filler Filler Filler Filler Filler BARLEY 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 3.7 3.5 3.0 3.0 Area Harvested (mil. acres) 3.3 3.0 2.4 2.4 Yield (bushels/acre) 66.9 71.3 72.4 72.4 Beginning Stocks 60 80 82 82 Production 219 217 177 177 Imports 23 19 35 35 Supply, Total 302 316 294 294 Feed and Residual 66 65 60 50 Food, Seed & Industrial 147 155 154 152 Total Domestic 213 219 214 202 Exports 91 41 01 0 Use, Total 222 234 224 212 Ending Stocks 80 82 70 82 Avg. Farm Price ($/bu) 2/ 6.43 6.06 4.85 - 5.45 5.00 - 5.50 Filler Filler Filler Filler Filler OATS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.7 3.0 2.7 2.7 Area Harvested (mil. acres) 1.0 1.0 1.0 1.0 Yield (bushels/acre) 61.2 64.1 67.7 67.7 Beginning Stocks 55 36 25 25 Production 61 65 70 70 Imports 93 97 100 100 Supply, Total 209 198 194 194 Feed and Residual 96 97 85 85 Food, Seed & Industrial 76 75 77 77 Total Domestic 172 172 162 162 Exports 1222 Use, Total 173 173 164 164 Ending Stocks 36 25 30 30 Avg. Farm Price ($/bu) 2/ 3.89 3.75 3.05 - 3.45 3.10 - 3.40 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. January 2015 WASDE - 537 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Million Acres Area Planted 2.70 2.49 2.93 2.94 Area Harvested 2.68 2.47 2.91 2.92 Filler Pounds Yield per Harvested Acre 7,463 7,694 7,597 7,572 Million Hundredweight Beginning Stocks 2/ 41.1 36.4 31.8 31.8 Production 199.9 190.0 221.1 221.0 Imports 21.1 23.1 21.0 22.0 Supply, Total 262.1 249.5 273.9 274.9 Domestic & Residual 3/ 119.0 124.9 131.0 131.0 Exports, Total 4/ 106.6 92.7 103.0 103.0 Rough 34.1 28.6 35.0 35.0 Milled (rough equiv.) 72.5 64.1 68.0 68.0 Use, Total 225.7 217.6 234.0 234.0 Ending Stocks 36.4 31.8 39.9 40.9 Avg. Milling Yield (%) 5/ 70.00 71.00 70.50 70.50 Avg. Farm Price ($/cwt) 6/ 15.10 16.10 14.00 - 15.00 13.60 - 14.60 Total LONG-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Harvested Acres (mil.) 1.98 1.77 2.19 Yield (pounds/acre) 7,291 7,464 7,408 Beginning Stocks 24.3 21.9 16.2 16.2 Production 144.3 131.9 160.3 162.4 Supply, Total 7/ 187.3 173.3 195.0 198.1 Domestic & Residual 3/ 89.6 95.3 99.0 99.0 Exports 8/ 75.8 61.8 69.0 70.0 Use, Total 165.4 157.1 168.0 169.0 Ending Stocks 21.9 16.2 27.0 29.1 Avg. Farm Price ($/cwt) 6/ 14.50 15.40 12.00 - 13.00 11.70 - 12.70 Filler Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Harvested Acres (mil.) 0.70 0.70 0.73 Yield (pounds/acre) 7,951 8,270 8,068 Beginning Stocks 14.7 12.2 13.3 13.3 Production 55.7 58.1 60.8 58.7 Supply, Total 7/ 72.5 73.8 76.6 74.5 Domestic & Residual 3/ 29.4 29.6 32.0 32.0 Exports 8/ 30.8 30.9 34.0 33.0 Use, Total 60.3 60.5 66.0 65.0 Ending Stocks 12.2 13.3 10.6 9.5 Avg. Farm Price ($/cwt) 6/ 9/ 17.40 18.50 18.50 - 19.50 18.00 - 19.00 Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined ) not included in estimates of beginning stocks by type (in mil. cw t): 2012/13-2.1; 2013/14-2.3; 2014/15-2.3. 3/ Residua l includes unreported use, processing losses, and estimating errors. Us e by type may not add to total rice use because of the difference in brokens between beginni ng and ending stocks. 4/ Incl udes rough rice and milled rice expo rts. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i.e ., the total quantity of whole kernel and br oken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation for years prior to 2013/14. The 2013/14 milling yield is calculated using Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The year-to-year change in the FSA average all rice milling yield is applied to the WASDE reported 2012/13 milling yield to calculate the 2013/1 4 forecasted average milling yield. The 2014/15 milling yield is calculated using the previous five-year Olympic average-- 2009/10-2013/14. 6/ Marketing-year weighted average price receive d by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The medium/short-grai n season-average- farm pri ce (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP forecast and the final price has averaged $1.70 per cwt from 2008/09-2012/13, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. January 2015 WASDE - 537 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ SOYBEANS 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Filler Filler Filler Filler Filler Million Acres Area Planted 77.2 76.8 84.2 83.7 Area Harvested 76.1 76.3 83.4 83.1 Filler Bushels Yield per Harvested Acre 40.0 44.0 47.5 47.8 Million Bushels Beginning Stocks 169 141 92 92 Production 3,042 3,358 3,958 3,969 Imports 41 72 15 15 Supply, Total 3,252 3,570 4,065 4,076 Crushings 1,689 1,734 1,780 1,780 Exports 1,317 1,647 1,760 1,770 Seed 89 97 92 92 Residual 1 6 02 32 4 Use, Total 3,111 3,478 3,655 3,666 Ending Stocks 141 92 410 410 Avg. Farm Price ($/bu) 2/ 14.40 13.00 9.00 - 11.00 9.45 - 10.95 Total SOYBEAN OIL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Januar y Filler Filler Filler Filler Filler Million Pounds Beginning Stocks 2,540 1,705 1,165 1,165 Production 4/ 19,820 20,130 20,680 20,555 Imports 196 165 160 160 Supply, Total 22,555 22,000 22,005 21,880 Domestic Disappearance 18,687 18,958 18,450 18,350 Biodiesel 3/ 4,689 4,800 4,800 4,700 Food, Feed & other Industrial 13,998 14,158 13,650 13,650 Exports 2,164 1,877 2,100 2,100 Use, Total 20,850 20,835 20,550 20,450 Ending stocks 1,705 1,165 1,455 1,430 Avg. Price (c/lb) 2/ 47.13 38.23 32.00 - 36.00 31.00 - 35.00 Total SOYBEAN MEAL 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Decembe r Jan uary Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 300 275 250 250 Production 4/ 39,875 40,685 42,785 42,800 Imports 245 336 165 250 Supply, Total 40,420 41,296 43,200 43,300 Domestic Disappearance 28,969 29,496 30,100 30,200 Exports 11,176 11,550 12,800 12,800 Use, Total 40,145 41,046 42,900 43,000 Ending Stocks 275 250 300 300 Avg. Price ($/s.t.) 2/ 468.11 489.94 340.00 - 380.00 340.00 - 380.00 Total Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal , simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made fr om methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 1,725 million bushels for 2013 /14 and 1,800 million bushels for 2014/15. January 2015 WASDE - 537 - 16 U.S. Sugar Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Filler Filler Filler Filler Filler 1,000 Short Tons, Raw Value Beginning Stocks 1,979 2,158 1,796 1,796 Production 2/ 8,982 8,457 8,610 8,610 Beet Sugar 5,076 4,794 4,870 4,870 Cane Sugar 3,906 3,663 3,740 3,740 Florida 1,867 1,759 1,915 1,915 Hawaii 179 168 180 180 Louisiana 1,686 1,591 1,520 1,520 Texas 173 145 125 125 Imports 3,224 3,742 3,513 3,504 TRQ 3/ 957 1,302 1,479 1,492 Other Program 4/ 136 305 400 400 Other 5/ 2,131 2,135 1,634 1,612 Mexico 2,124 2,130 1,624 1,602 Total Supply 14,184 14,357 13,919 13,910 Exports 274 306 250 250 Deliveries 11,752 12,255 11,994 11,994 Food 6/ 11,487 11,828 11,859 11,859 Other 7/ 265 427 135 135 Miscellaneous 0000 Total Use 12,026 12,561 12,244 12,244 Ending Stocks 8/ 2,158 1,796 1,675 1,666 Stocks to Use Ratio 17.9 14.3 13.7 13.6 Total 1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2013/14 and 2014/15 are based on Crop Production and processor projec tions where appropriate. 3/ For 2014/15, WTO raw sugar TRQ shortfall (99). For 2013/14, WTO raw sugar TRQ shortfa ll (237). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2012/13, other high-tier (7) and other (0). For 2013/14, other high-tier (5) and other (0). For 2014/ 15, other high-tier (10) and other (0). 6/Combines SMD deliverie s for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol. 8/ For 2012/13, includes 316 ,415 short tons, raw value, of stocks held by the Commodity Credit Corporation. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ Beginning Stocks Production Imports Domestic 2/ ExportsEnding Stocks Sugar 1,000 Metric Tons, Actual Weight 2013/14 Est. Dec 1,460 6,021 131 4,271 2,511 831 2013/14 Est. Jan 1,460 6,021 131 4,271 2,511 831 2014/15 Proj. Dec 831 6,140 192 4,524 1,715 924 2014/15 Proj. Jan 831 6,151 192 4,524 1,696 955 1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2013/14 = 913, Oct-Nov 2013 = 159, Oct-Nov 2014 = 156 . Footnote source: Comite Nacional para el Desarollo Sustentabl e de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2013/14 (324 est), 2014/15 (324 proj). Statistical Adjustment: 2013/14 (-151), 2014/15 (0). January 2015 WASDE - 537 - 17 U.S. Cotton Supply and Use 1/ 2012/13 2013/14 Est. 2014/15 Proj. 2014/15 Proj. Dec Jan Filler Filler Filler Filler Filler Area Million Acres Planted 12.26 10.41 11.01 11.04 Harvested 9.32 7.54 9.88 9.71 Filler Pounds Yield per Harvested Acre 892 821 773 795 Million 480 Pound Bales Beginning Stocks 3.35 3.80 2.45 2.45 Production 17.31 12.91 15.92 16.08 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.67 16.72 18.38 18.54 Domestic Use 3.50 3.55 3.80 3.80 Exports, Total 13.03 10.53 10.00 10.00 Use, Total 16.53 14.08 13.80 13.80 Unaccounted 2/ 0.35 0.19 -0.02 0.04 Ending Stocks 3.80 2.45 4.60 4.70 Avg. Farm Price 3/ 72.5 77.9 59.0 - 64.0 59.5 - 63.5 Total Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. January 2015 WASDE - 537 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 196.13 658.04 144.22 137.09 679.75 137.36 174.42 United States 20.21 61.30 3.34 10.07 37.77 27.54 19.54 Total Foreign 175.91 596.74 140.87 127.03 641.98 109.82 154.88 Major Exporters 4/ 27.23 193.31 5.91 59.06 141.79 63.85 20.81 Argentina 0.73 9.30 0.00 0.30 6.20 3.55 0.29 Australia 7.05 22.86 0.14 3.40 6.74 18.66 4.65 Canada 5.93 27.21 0.48 4.36 9.60 18.97 5.05 European Union 5/ 13.52 133.95 5.28 51.00 119.25 22.68 10.82 Major Importers 6/ 87.64 187.29 79.47 35.39 265.08 6.47 82.84 Brazil 1.75 4.38 7.36 0.20 10.90 1.58 1.00 China 55.95 121.02 2.96 25.00 125.00 0.97 53.96 Sel. Mideast 7/ 5.14 17.18 20.86 2.75 34.33 0.69 8.16 N. Africa 8/ 14.09 17.32 22.06 2.38 41.42 0.61 11.44 Pakistan 4.02 23.30 0.05 0.60 23.90 0.85 2.62 Southeast Asia 9/ 4.65 0.00 15.76 2.84 15.81 0.77 3.84 Selected Other 0.00 India 19.95 94.88 0.02 3.40 83.82 6.82 24.20 FSU-12 26.01 77.80 7.23 21.53 71.73 25.38 13.94 Russia 10.90 37.72 1.17 11.90 33.55 11.29 4.95 Kazakhstan 6.18 9.84 0.01 2.00 6.80 6.29 2.94 Ukraine 5.36 15.76 0.05 3.10 11.40 7.19 2.58 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ Exports Ending Stocks World 3/ 174.42 715.36 156.74 130.30 703.98 165.83 185.80 United States 19.54 58.11 4.59 6.14 34.15 32.01 16.07 Total Foreign 154.88 657.25 152.16 124.16 669.83 133.82 169.73 Major Exporters 4/ 20.81 218.55 4.60 56.49 138.75 75.98 29.23 Argentina 0.29 10.50 0.02 0.10 6.05 2.20 2.56 Australia 4.65 27.01 0.15 3.60 6.95 18.62 6.24 Canada 5.05 37.53 0.45 4.79 10.00 23.24 9.80 European Union 5/ 10.82 143.51 3.98 48.00 115.75 31.93 10.64 Major Importers 6/ 82.84 194.06 87.32 32.40 265.85 5.28 93.09 Brazil 1.00 5.30 7.07 0.60 11.40 0.10 1.87 China 53.96 121.93 6.77 21.00 121.50 0.89 60.27 Sel. Mideast 7/ 8.16 18.92 20.69 3.72 37.04 0.58 10.15 N. Africa 8/ 11.44 19.72 25.24 2.68 42.42 0.50 13.48 Pakistan 2.62 24.00 0.39 0.60 24.10 0.75 2.16 Southeast Asia 9/ 3.84 0.00 16.40 2.46 15.84 0.88 3.53 Selected Other 0.00 India 24.20 93.51 0.03 4.80 94.01 5.90 17.83 FSU-12 13.94 103.87 7.39 22.85 73.08 37.10 15.02 Russia 4.95 52.09 0.80 12.50 34.10 18.53 5.21 Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99 Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2015 WASDE - 537 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 185.30 722.18 156.16 139.22 712.58 158.04 194.90 Jan 185.80 723.38 156.89 139.40 713.19 159.19 196.00 United States Dec 16.05 55.13 4.90 4.90 33.09 25.17 17.81 Jan 16.07 55.13 4.90 4.08 32.22 25.17 18.70 Total Foreign Dec 169.25 667.05 151.27 134.32 679.49 132.87 177.09 Jan 169.73 668.26 151.99 135.32 680.96 134.02 177.30 Major Exporters 4/ Dec 28.74 220.70 5.64 64.50 147.78 75.00 32.29 Jan 29.23 220.81 6.14 64.50 147.78 76.50 31.89 Argentina Dec 2.54 12.00 0.01 0.10 6.15 6.00 2.40 Jan 2.56 12.00 0.01 0.10 6.15 6.00 2.41 Australia Dec 6.24 24.00 0.15 3.40 6.80 17.50 6.09 Jan 6.24 24.00 0.15 3.40 6.80 17.50 6.09 Canada Dec 9.80 29.30 0.48 5.00 10.33 22.50 6.75 Jan 9.80 29.30 0.48 5.00 10.33 23.00 6.25 European Union 5/ Dec 10.16 155.40 5.00 56.00 124.50 29.00 17.06 Jan 10.64 155.51 5.50 56.00 124.50 30.00 17.14 Major Importers 6/ Dec 93.09 196.14 83.23 34.95 270.92 6.87 94.67 Jan 93.09 196.14 83.63 35.45 271.42 7.42 94.02 Brazil Dec 1.87 6.30 7.00 1.00 12.30 1.00 1.87 Jan 1.87 6.30 7.00 1.00 12.30 1.00 1.87 China Dec 60.27 126.00 1.70 23.00 124.00 1.00 62.97 Jan 60.27 126.00 1.50 23.00 124.00 1.00 62.77 Sel. Mideast 7/ Dec 10.15 17.53 22.48 4.17 38.06 1.03 11.07 Jan 10.15 17.53 23.08 4.67 38.56 1.53 10.67 N. Africa 8/ Dec 13.48 16.80 23.75 2.18 41.85 0.50 11.68 Jan 13.48 16.80 23.75 2.18 41.85 0.55 11.63 Pakistan Dec 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Jan 2.16 25.00 0.70 1.20 25.10 0.70 2.06 Southeast Asia 9/ Dec 3.53 0.00 17.00 2.51 16.36 0.84 3.34 Jan 3.53 0.00 17.00 2.51 16.36 0.84 3.34 Selected Other India Dec 17.83 95.91 0.05 4.50 94.19 3.30 16.30 Jan 17.83 95.91 0.05 4.50 93.99 3.50 16.30 FSU-12 Dec 15.02 111.60 6.99 24.28 75.06 38.84 19.70 Jan 15.02 111.60 7.29 24.48 75.29 37.74 20.88 Russia Dec 5.21 59.00 0.20 13.00 35.00 22.00 7.41 Jan 5.21 59.00 0.20 13.00 35.00 20.00 9.41 Kazakhstan Dec 1.99 12.50 0.20 1.90 6.70 5.80 2.19 Jan 1.99 12.50 0.20 1.90 6.70 6.00 1.99 Ukraine Dec 3.67 24.50 0.05 4.00 12.00 10.30 5.92 Jan 3.67 24.50 0.05 4.00 12.00 11.00 5.22 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and South east Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, a nd Oman. 8/ Algeria, Egypt, Li bya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2015 WASDE - 537 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ 168.46 1,136.27 128.77 668. 59 1,135.76 122.88 168.96 United States 27.82 285.31 6.64 115.21 275.54 20.70 23.53 Total Foreign 140.64 850.96 122.13 553.38 860.22 102.17 145.43 Major Exporters 4/ 19.38 170.21 1.97 76.93 105.23 62.11 24.22 Argentina 1.34 37.25 0.00 7.79 12.05 24.05 2.48 Australia 0.94 11.41 0.00 3.91 5.49 6.02 0.85 Brazil 9.82 84.25 1.27 47.05 55.80 24.98 14.56 Canada 3.39 24.43 0.51 12.97 20.26 4.99 3.08 Major Importers 5/ 38.90 227.34 92.11 238.36 317.44 8.10 32.81 European Union 6/ 15.60 145.89 11.85 113.68 153.10 7.36 12.88 Japan 1.09 0.18 17.74 13.22 18.03 0.00 0.98 Mexico 1.86 28.88 7.60 19.33 36.20 0.52 1.62 N. Afr & Mideast 7/ 12.56 26.48 23.53 45.85 53.03 0.13 9.41 Saudi Arabia 3.21 0.36 10.74 10.50 10.93 0.00 3.39 Southeast Asia 8/ 2.64 25.27 7.98 25.06 32.97 0.09 2.83 South Korea 1.54 0.21 8.27 6.53 8.71 0.00 1.31 Selected Other 0.00 China 60.36 212.19 5.60 146.05 209.67 0.11 68.38 FSU-12 6.16 68.22 0.73 35.55 50.21 19.87 5.04 Russia 1.81 28.66 0.34 16.40 25.13 4.30 1.38 Ukraine 2.42 29.53 0.05 10.93 14.66 15.00 2.33 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c FeedDomesti c Total 2 / Export s Endin g Stock s World 3/ 168.96 1,278.31 154.93 736. 30 1,238.46 163.82 208.81 United States 23.53 367.09 3.23 133.51 305.11 54.42 34.31 Total Foreign 145.43 911.22 151.70 602.79 933.35 109.40 174.49 Major Exporters 4/ 24.22 172.82 1.87 81.71 111.77 56.67 30.47 Argentina 2.48 34.47 0.01 8.74 13.50 20.11 3.35 Australia 0.85 12.37 0.00 3.79 5.46 6.84 0.91 Brazil 14.56 81.90 1.20 48.28 58.08 21.52 18.07 Canada 3.08 28.75 0.54 15.40 22.58 5.19 4.60 Major Importers 5/ 32.81 248.62 112.70 257.83 340.43 10.98 42.72 European Union 6/ 12.88 158.51 16.24 122.38 164.30 8.63 14.70 Japan 0.98 0.18 17.50 12.88 17.69 0.00 0.97 Mexico 1.62 32.10 11.32 23.62 40.89 0.50 3.66 N. Afr & Mideast 7/ 9.41 30.22 29.94 49.13 56.64 0.31 12.62 Saudi Arabia 3.39 0.36 12.10 10.93 11.35 0.00 4.50 Southeast Asia 8/ 2.83 26.94 10.54 26.86 34.96 1.55 3.80 South Korea 1.31 0.21 10.50 7.84 10.12 0.00 1.90 Selected Other 0.00 China 68.38 225.07 12.45 161.78 227.60 0.03 78.26 FSU-12 5.04 87.63 0.73 40.12 55.98 30.72 6.70 Russia 1.38 35.74 0.21 18.80 28.52 6.95 1.86 Ukraine 2.33 39.92 0.08 12.32 16.23 22.77 3.33 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The European Union, Me xico, Japan, selected North Africa and Midd le East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. January 2015 WASDE - 537 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 209.52 1,275.32 143.48 760. 28 1,257.68 146.74 227.16 Jan 208.81 1,272.34 145.16 758. 80 1,257.24 148.07 223.90 United States Dec 34.41 381.37 3.35 141.92 314.91 50.55 53.67 Jan 34.31 377.12 3.36 139.79 312.49 51.56 50.74 Total Foreign Dec 175.12 893.95 140.13 618.36 942.77 96.19 173.49 Jan 174.49 895.22 141.80 619.01 944.75 96.51 173.16 Major Exporters 4/ Dec 30.90 154.55 2.06 82.14 112.73 45.44 29.33 Jan 30.47 154.15 2.36 82.34 112.93 45.65 28.40 Argentina Dec 3.85 29.22 0.01 9.17 14.13 14.81 4.14 Jan 3.35 29.22 0.01 9.17 14.13 14.81 3.64 Australia Dec 0.63 11.21 0.00 4.11 5.79 5.40 0.65 Jan 0.91 11.21 0.00 4.21 5.89 5.60 0.63 Brazil Dec 18.28 78.11 1.21 50.08 59.90 19.51 18.18 Jan 18.07 77.71 1.21 49.78 59.60 19.52 17.87 Canada Dec 4.60 21.92 0.74 13.06 20.46 3.50 3.29 Jan 4.60 21.92 1.04 13.46 20.86 3.50 3.19 Major Importers 5/ Dec 43.03 252.83 101.12 261.99 345.45 10.88 40.64 Jan 42.72 253.20 101.32 261.69 345.15 10.90 41.19 European Union 6/ Dec 15.00 167.68 6.23 121.35 163.47 9.63 15.81 Jan 14.70 168.05 7.23 121.75 163.87 9.65 16.46 Japan Dec 0.97 0.18 17.99 13.38 18.19 0.00 0.95 Jan 0.97 0.18 17.79 13.18 17.99 0.00 0.95 Mexico Dec 3.66 31.34 11.20 24.42 41.94 0.50 3.76 Jan 3.66 31.34 11.20 24.42 41.94 0.50 3.76 N. Afr & Mideast 7/ Dec 12.62 25.19 31.37 51.07 58.83 0.11 10.23 Jan 12.62 25.19 30.77 50.57 58.33 0.11 10.13 Saudi Arabia Dec 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Jan 4.50 0.36 11.05 11.45 11.93 0.00 3.99 Southeast Asia 8/ Dec 3.80 27.74 9.24 27.99 36.19 0.64 3.95 Jan 3.80 27.74 9.24 27.99 36.19 0.64 3.95 South Korea Dec 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Jan 1.90 0.21 9.69 8.05 10.32 0.00 1.48 Selected Other China Dec 78.27 222.15 11.63 166.18 232.23 0.13 79.69 Jan 78.26 222.15 12.83 167.38 233.43 0.13 79.69 FSU-12 Dec 6.70 90.27 0.78 43.96 60.42 28.85 8.48 Jan 6.70 90.27 0.78 43.86 60.32 28.95 8.48 Russia Dec 1.86 41.00 0.18 22.10 32.60 7.41 3.02 Jan 1.86 41.00 0.18 22.10 32.60 7.41 3.02 Ukraine Dec 3.33 37.79 0.06 12.83 16.56 20.66 3.96 Jan 3.33 37.79 0.06 12.83 16.56 20.66 3.96 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use ad justed to reflect the differences in world imports and ex ports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Uni on, Mexico, Japan, selected No rth Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Al geria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tuni sia, and Turkey. 8/ Indonesia, Malaysia, Philippi nes, Thailand, and Vietnam. January 2015 WASDE - 537 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 /ExportsEnding Stocks World 3/ 134.43 868.00 99.42 517.67 864.49 95.16 137.94 United States 25.12 273.19 4.06 109.60 262.97 18.55 20.86 Total Foreign 109.31 594.80 95.36 408.07 601.52 76.61 117.08 Major Exporters 4/ 13.79 120.87 0.97 54.90 71.40 45.69 18.53 Argentina 0.90 27.00 0.00 5.30 7.90 18.69 1.32 Brazil 9.21 81.50 0.89 44.50 52.50 24.95 14.15 South Africa 3.68 12.37 0.08 5.10 11.00 2.06 3.06 Major Importers 5/ 15.36 111.65 56.87 119.58 168.81 2.82 12.26 Egypt 2.22 5.80 5.06 10.00 12.00 0.01 1.07 European Union 6/ 6.68 58.90 11.36 53.00 69.60 2.19 5.15 Japan 0.61 0.00 14.41 10.00 14.50 0.00 0.52 Mexico 1.32 21.59 5.68 11.00 27.00 0.52 1.06 Southeast Asia 7/ 2.64 25.22 7.96 25.00 32.90 0.09 2.82 South Korea 1.48 0.08 8.17 6.48 8.48 0.00 1.26 Selected Other 0.00 Canada 1.37 13.06 0.48 6.28 11.61 1.75 1.55 China 59.34 205.61 2.70 144.00 200.00 0.08 67.57 FSU-12 2.45 32.31 0.34 15.52 18.09 15.00 2.00 Ukraine 1.05 20.92 0.04 6.80 8.10 12.73 1.19 2013/14 Est. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2/ ExportsEnding Stocks World 3/ 137.94 987.69 122.15 573.24 953.40 130.64 172.23 United States 20.86 351.27 0.91 127.92 293.05 48.70 31.29 Total Foreign 117.08 636.41 121.24 445.33 660.35 81.93 140.93 Major Exporters 4/ 18.53 119.05 0.83 57.20 75.20 40.50 22.71 Argentina 1.32 25.00 0.01 5.80 8.70 16.00 1.62 Brazil 14.15 79.30 0.80 46.00 55.00 21.50 17.75 South Africa 3.06 14.75 0.03 5.40 11.50 3.00 3.34 Major Importers 5/ 12.26 120.09 75.83 133.50 185.63 4.45 18.10 Egypt 1.07 5.80 8.50 11.00 13.20 0.01 2.16 European Union 6/ 5.15 64.26 15.92 58.00 76.50 2.40 6.42 Japan 0.52 0.00 15.12 10.60 15.10 0.00 0.55 Mexico 1.06 22.96 10.95 15.20 31.70 0.50 2.77 Southeast Asia 7/ 2.82 26.89 10.53 26.80 34.90 1.53 3.80 South Korea 1.26 0.08 10.41 7.80 9.90 0.00 1.85 Selected Other 0.00 Canada 1.55 14.19 0.50 7.62 12.80 1.85 1.59 China 67.57 218.49 3.28 154.00 212.00 0.02 77.32 FSU-12 2.00 46.90 0.42 18.67 21.44 24.65 3.24 Ukraine 1.19 30.90 0.05 8.50 9.90 20.00 2.24 1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Mala ysia, Philippines, Thailand, and Vietnam. January 2015 WASDE - 537 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning Stocks Production ImportsDomestic FeedDomestic Total 2 / ExportsEnding Stocks World 3/ Dec 172.84 991.58 109.80 597.12 972.21 112.34 192.20 Jan 172.23 988.08 110.10 594.23 971.16 112.34 189.15 United States Dec 31.39 365.97 0.64 136.53 302.78 44.45 50.75 Jan 31.29 361.09 0.64 133.99 300.88 44.45 47.69 Total Foreign Dec 141.45 625.62 109.16 460.59 669.43 67.89 141.45 Jan 140.93 626.99 109.46 460.24 670.28 67.89 141.46 Major Exporters 4/ Dec 23.21 110.50 0.84 59.20 77.50 33.70 23.34 Jan 22.71 110.50 0.84 59.20 77.50 33.70 22.84 Argentina Dec 2.12 22.00 0.01 6.10 9.20 12.00 2.93 Jan 1.62 22.00 0.01 6.10 9.20 12.00 2.43 Brazil Dec 17.75 75.00 0.80 47.50 56.50 19.50 17.55 Jan 17.75 75.00 0.80 47.50 56.50 19.50 17.55 South Africa Dec 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Jan 3.34 13.50 0.03 5.60 11.80 2.20 2.86 Major Importers 5/ Dec 18.38 130.24 62.80 137.00 190.08 3.65 17.70 Jan 18.10 130.61 63.80 137.50 190.58 3.65 18.29 filler filler filler filler filler filler filler Egypt Dec 2.16 5.75 7.50 11.50 13.80 0.01 1.60 Jan 2.16 5.75 7.50 11.50 13.80 0.01 1.60 European Union 6/ Dec 6.71 73.59 6.00 58.00 77.00 2.50 6.80 Jan 6.42 73.96 7.00 58.50 77.50 2.50 7.38 Japan Dec 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Jan 0.55 0.00 15.40 10.90 15.40 0.00 0.55 Mexico Dec 2.77 23.00 10.90 16.50 33.25 0.50 2.92 Jan 2.77 23.00 10.90 16.50 33.25 0.50 2.92 Southeast Asia 7/ Dec 3.80 27.68 9.20 27.90 36.10 0.64 3.95 Jan 3.80 27.68 9.20 27.90 36.10 0.64 3.95 South Korea Dec 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Jan 1.85 0.08 9.60 8.00 10.10 0.00 1.42 Selected Other Canada Dec 1.59 11.50 0.70 6.60 12.00 0.50 1.29 Jan 1.59 11.50 1.00 7.00 12.40 0.50 1.19 China Dec 77.32 215.50 2.00 158.00 216.00 0.10 78.72 Jan 77.32 215.50 2.00 158.00 216.00 0.10 78.72 FSU-12 Dec 3.24 42.66 0.42 20.29 23.16 19.84 3.32 Jan 3.24 42.66 0.42 20.29 23.16 19.84 3.32 Ukraine Dec 2.24 27.00 0.05 9.00 10.40 16.50 2.39 Jan 2.24 27.00 0.05 9.00 10.40 16.50 2.39 1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Ar gentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast As ia. 6/ Trade excludes intra-tr ade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. January 2015 WASDE - 537 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ 106.83 471.88 36.41 468.63 39.25 110.08 United States 1.30 6.35 0.67 3.78 3.39 1.16 Total Foreign 105.53 465.53 35.74 464.86 35.87 108.92 Major Exporters 4/ 36.81 158.78 0.75 128.85 27.87 39.61 India 25.10 105.24 0.00 94.03 10.87 25.44 Pakistan 0.55 5.80 0.05 2.32 3.58 0.50 Thailand 9.33 20.20 0.60 10.60 6.72 12.81 Vietnam 1.83 27.54 0.10 21.90 6.70 0.86 Major Importers 5/ 12.93 62.61 13.13 75.45 1.07 12.15 Brazil 0.54 8.04 0.64 7.85 0.84 0.53 European Union 6/ 1.15 2.10 1.40 3.25 0.20 1.19 Indonesia 7.40 36.55 0.65 38.13 0.00 6.48 Nigeria 1.02 2.37 2.80 5.30 0.00 0.89 Philippines 1.51 11.43 1.40 12.85 0.00 1.49 Sel. Mideast 7/ 0.97 1.65 4.84 6.05 0.00 1.40 Selected Other 0.00 Burma 0.40 11.72 0.00 10.40 1.16 0.55 C. Amer & Carib 8/ 0.43 1.65 1.42 3.14 0.01 0.35 China 45.02 143.00 3.14 144.00 0.34 46.83 Egypt 0.49 4.68 0.02 4.05 0.70 0.43 Japan 2.75 7.76 0.69 8.25 0.20 2.74 Mexico 0.15 0.13 0.74 0.84 0.00 0.19 South Korea 0.76 4.01 0.51 4.49 0.00 0.78 2013/14 Est. Beginning Stocks Production ImportsTotal /2 Domestic ExportsEnding Stocks World 3/ 110.08 476.96 39.31 480.18 42.20 106.86 United States 1.16 6.12 0.73 4.00 2.99 1.03 Total Foreign 108.92 470.84 38.58 476.18 39.22 105.84 Major Exporters 4/ 39.61 161.86 0.63 134.69 31.00 36.42 India 25.44 106.54 0.00 99.18 10.30 22.50 Pakistan 0.50 6.70 0.03 2.63 3.90 0.70 Thailand 12.81 20.46 0.30 10.88 10.30 12.39 Vietnam 0.86 28.16 0.30 22.00 6.50 0.82 Major Importers 5/ 12.15 63.55 13.73 76.67 1.18 11.57 Brazil 0.53 8.30 0.70 7.90 0.90 0.73 European Union 6/ 1.19 1.97 1.53 3.25 0.25 1.19 Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.45 12.85 0.00 1.95 Sel. Mideast 7/ 1.40 1.83 4.45 6.30 0.00 1.38 Selected Other 0.00 Burma 0.55 11.96 0.00 10.45 1.55 0.51 C. Amer & Carib 8/ 0.35 1.72 1.59 3.29 0.01 0.35 China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.74 7.83 0.65 8.25 0.20 2.78 Mexico 0.19 0.13 0.69 0.86 0.00 0.15 South Korea 0.78 4.23 0.31 4.46 0.00 0.86 1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philipp ines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral American and Caribbean countries. January 2015 WASDE - 537 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) 2014/15 Proj. Beginning StocksProduction Imports Total /2 DomesticExports Ending Stocks World 3/ Dec 106.77 475.24 39.45 482.89 41.91 99.12 Jan 106.86 475.47 39.57 483.33 42.57 99.00 United States Dec 1.03 7.07 0.67 4.19 3.29 1.28 filler filler filler filler filler filler Jan 1.03 7.07 0.70 4.19 3.29 1.31 Total Foreign Dec 105.75 468.17 38.78 478.70 38.62 97.84 filler filler filler filler filler filler Jan 105.84 468.40 38.87 479.14 39.28 97.69 Major Exporters 4/ Dec 36.42 157.25 0.73 134.50 30.30 29.60 Jan 36.42 157.25 0.73 134.50 30.60 29.30 India Dec 22.50 102.00 0.00 99.00 8.70 16.80 Jan 22.50 102.00 0.00 99.00 8.70 16.80 filler filler filler filler filler filler Pakistan Dec 0.70 6.50 0.03 2.70 3.90 0.63 Jan 0.70 6.50 0.03 2.70 3.90 0.63 Thailand Dec 12.39 20.50 0.30 10.90 11.00 11.29 Jan 12.39 20.50 0.30 10.90 11.30 10.99 Vietnam Dec 0.82 28.25 0.40 21.90 6.70 0.87 Jan 0.82 28.25 0.40 21.90 6.70 0.87 Major Importers 5/ Dec 11.55 63.93 14.70 78.16 1.15 10.87 Jan 11.57 63.90 14.70 78.16 1.15 10.86 Brazil Dec 0.73 8.35 0.70 7.90 0.90 0.98 filler filler filler filler filler filler Jan 0.73 8.30 0.70 7.90 0.90 0.93 European Union 6/ Dec 1.19 1.95 1.50 3.26 0.22 1.16 Jan 1.19 1.97 1.50 3.26 0.22 1.18 Indonesia Dec 5.50 36.50 1.30 39.20 0.00 4.10 Jan 5.50 36.50 1.30 39.20 0.00 4.10 Nigeria Dec 0.66 2.55 3.50 6.10 0.00 0.61 Jan 0.66 2.55 3.50 6.10 0.00 0.61 Philippines Dec 1.95 12.20 1.60 13.20 0.00 2.55 Jan 1.95 12.20 1.60 13.20 0.00 2.55 Sel. Mideast 7/ Dec 1.36 1.85 4.48 6.38 0.00 1.31 Jan 1.38 1.85 4.48 6.38 0.00 1.34 Selected Other Burma Dec 0.56 12.15 0.00 10.90 1.40 0.41 Jan 0.51 12.15 0.00 10.70 1.55 0.41 C. Amer & Carib 8/ Dec 0.35 1.75 1.55 3.29 0.01 0.34 Jan 0.35 1.77 1.56 3.32 0.01 0.34 China Dec 46.81 144.50 4.00 148.00 0.40 46.91 Jan 46.81 144.50 4.00 148.00 0.40 46.91 Egypt Dec 0.60 4.50 0.03 4.00 0.50 0.63 Jan 0.60 4.50 0.03 4.00 0.50 0.63 Japan Dec 2.78 7.70 0.70 8.20 0.20 2.78 Jan 2.78 7.70 0.70 8.20 0.20 2.78 Mexico Dec 0.16 0.15 0.78 0.89 0.00 0.19 Jan 0.15 0.15 0.78 0.89 0.00 0.18 South Korea Dec 0.86 4.24 0.41 4.45 0.00 1.06 Jan 0.86 4.24 0.41 4.45 0.00 1.06 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. January 2015 WASDE - 537 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2012/13 Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World 73.81 123.58 46.30 107.78 46.76 -0.83 89.97 United States 3.35 17.31 0.01 3.50 13.03 0.35 3.80 Total Foreign 70.46 106.27 46.29 104.28 33.74 -1.18 86.17 Major Exporters 4/ 29.14 53.46 1.59 30.69 29.13 -1.32 25.68 Central Asia 5/ 3.09 7.27 3 / 2.33 5.32 0.00 2.71 Afr. Fr. Zone 6/ 1.12 4.25 3 / 0.17 4.14 0.00 1.07 S. Hemis 7/ 13.60 12.23 0.17 5.22 11.48 -0.33 9.62 Australia 3.81 4.60 3 / 0.04 6.17 -0.20 2.40 Brazil 7.99 6.00 0.07 4.10 4.31 -0.15 5.80 India 10.87 28.50 1.19 21.85 7.76 -1.00 11.95 Major Importers 8/ 39.19 49.63 41.97 69.26 2.71 0.14 58.69 Mexico 0.71 1.04 0.95 1.80 0.23 0.03 0.65 China 31.08 35.00 20.33 36.00 0.05 0.00 50.36 European Union 9/ 0.69 1.49 0.92 0.92 1.58 0.05 0.56 Turkey 1.24 2.65 3.69 6.05 0.22 0.00 1.32 Pakistan 2.84 9.30 1.80 10.75 0.45 0.03 2.71 Indonesia 0.53 0.03 3.14 3.05 0.01 0.00 0.64 Thailand 0.26 3 / 1.51 1.50 0.01 0.03 0.24 Bangladesh 0.87 0.11 3.90 3.90 0.00 0.01 0.97 Vietnam 0.32 0.02 2.41 2.25 0.00 0.00 0.49 2013/14 Est. Beginning Stocks Production ImportsDomestic Use ExportsLoss /2 Ending Stocks World 89.97 120.44 40.58 109.10 40.73 -0.49 101.66 United States 3.80 12.91 0.01 3.55 10.53 0.19 2.45 Total Foreign 86.17 107.53 40.57 105.55 30.20 -0.69 99.21 Major Exporters 4/ 25.68 57.01 1.31 32.28 25.91 -0.83 26.63 Central Asia 5/ 2.71 6.55 3 / 2.41 4.33 0.00 2.52 Afr. Fr. Zone 6/ 1.07 4.37 3 / 0.17 4.10 0.00 1.16 S. Hemis 7/ 9.62 14.06 0.23 5.35 7.83 -0.34 11.07 Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81 Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67 India 11.95 31.00 0.68 23.35 9.26 -0.50 11.52 Major Importers 8/ 58.69 47.23 36.31 68.81 2.55 0.14 70.73 Mexico 0.65 0.92 1.04 1.85 0.16 0.03 0.58 China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.56 1.60 0.87 0.90 1.51 0.05 0.56 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36 Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48 Indonesia 0.64 0.03 2.99 3.05 0.01 0.00 0.60 Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 0.97 0.12 4.10 4.15 0.00 0.01 1.02 Vietnam 0.49 0.02 3.20 3.20 0.00 0.00 0.51 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade. January 2015 WASDE - 537 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2014/15 Proj. Beginning StocksProduction Imports Domestic UseExports Loss /2 Ending Stocks World Dec 101.64 118.98 34.25 112.60 34.29 -0.10 108.08 Jan 101.66 119.17 33.99 112.24 33.99 -0.04 108.64 United States Dec 2.45 15.92 0.01 3.80 10.00 -0.02 4.60 Jan 2.45 16.08 0.01 3.80 10.00 0.04 4.70 Total Foreign Dec 99.19 103.06 34.24 108.80 24.29 -0.09 103.48 Jan 99.21 103.08 33.98 108.44 23.99 -0.09 103.94 filler filler filler filler filler filler filler Major Exporters 4/ Dec 26.56 53.71 1.61 32.54 20.04 -0.23 29.52 Jan 26.63 53.32 1.69 32.61 19.82 -0.23 29.43 Central Asia 5/ Dec 2.52 6.26 3 / 2.40 3.57 0.00 2.81 Jan 2.52 6.26 3 / 2.40 3.55 0.00 2.83 Afr. Fr. Zone 6/ Dec 1.17 4.70 3 / 0.15 4.05 0.00 1.67 Jan 1.16 4.71 3 / 0.16 4.10 0.00 1.61 S. Hemis 7/ Dec 10.99 10.93 0.16 5.09 7.15 -0.24 10.07 Jan 11.07 11.03 0.24 5.15 7.20 -0.24 10.22 Australia Dec 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Jan 1.81 2.20 3 / 0.04 3.00 -0.10 1.07 Brazil Dec 7.67 7.00 0.08 4.00 3.40 -0.15 7.49 Jan 7.67 7.00 0.15 4.00 3.40 -0.15 7.57 India Dec 11.52 31.00 1.10 24.00 5.00 0.00 14.62 Jan 11.52 30.50 1.10 24.00 4.70 0.00 14.42 filler filler filler filler filler filler filler Major Importers 8/ Dec 70.73 46.00 29.56 71.86 2.45 0.14 71.86 Jan 70.73 46.40 29.21 71.36 2.45 0.14 72.41 Mexico Dec 0.58 1.22 1.03 1.88 0.18 0.03 0.75 Jan 0.58 1.22 1.03 1.88 0.18 0.03 0.75 China Dec 62.71 30.00 7.00 37.00 0.05 0.00 62.66 Jan 62.71 30.00 7.00 36.50 0.05 0.00 63.16 European Union 9/ Dec 0.56 1.62 0.86 0.92 1.40 0.05 0.67 Jan 0.56 1.62 0.86 0.92 1.40 0.05 0.67 Turkey Dec 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Jan 1.36 3.20 3.60 6.40 0.23 0.00 1.53 Pakistan Dec 2.48 9.80 1.40 10.50 0.45 0.03 2.70 Jan 2.48 10.20 1.00 10.50 0.45 0.03 2.70 Indonesia Dec 0.60 0.03 3.10 3.10 0.01 0.00 0.62 Jan 0.60 0.03 3.15 3.10 0.01 0.00 0.67 Thailand Dec 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Jan 0.22 3 / 1.48 1.45 0.01 0.03 0.21 Bangladesh Dec 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Jan 1.02 0.12 4.45 4.35 0.00 0.01 1.23 Vietnam Dec 0.51 0.02 3.60 3.40 0.00 0.00 0.72 Jan 0.51 0.02 3.60 3.40 0.00 0.00 0.72 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade. January 2015 WASDE - 537 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic CrushDomestic TotalExports Ending Stocks World 2/ 54.22 268.77 95.89 230.19 261.20 100.53 57.15 United States 4.61 82.79 1.10 45.97 48.83 35.85 3.83 Total Foreign 49.61 185.97 94.79 184.22 212.36 64.69 53.32 Major Exporters 3/ 29.71 143.15 0.42 71.90 77.39 58.69 37.21 Argentina 16.30 49.30 0.00 33.61 36.05 7.74 21.81 Brazil 13.02 82.00 0.40 35.24 38.19 41.90 15.33 Paraguay 0.36 8.20 0.03 2.95 3.03 5.52 0.04 Major Importers 4/ 17.26 15.33 84.23 86.63 103.21 0.38 13.23 China 15.91 13.05 59.87 64.95 76.18 0.27 12.38 European Union 0.80 0.95 12.54 13.23 13.96 0.09 0.23 Japan 0.13 0.24 2.83 1.92 3.01 0.00 0.18 Mexico 0.13 0.25 3.41 3.65 3.69 0.00 0.10 2013/14 Est. Beginnin g Stock s Productio n Impo r tsDomesti c CrushDomesti c Total Export sEndin g Stock s World 2/ 57.15 283.74 110.51 240.32 272.40 112.83 66.16 United States 3.83 91.39 1.95 47.19 49.85 44.82 2.50 Total Foreign 53.32 192.35 108.56 193.12 222.56 68.01 63.66 Major Exporters 3/ 37.21 152.40 0.63 76.10 82.05 62.41 45.78 Argentina 21.81 54.00 0.00 36.18 38.97 7.84 29.00 Brazil 15.33 86.70 0.61 36.28 39.28 46.83 16.53 Paraguay 0.04 8.20 0.03 3.50 3.64 4.40 0.23 Major Importers 4/ 13.23 14.78 95.93 91.34 108.33 0.29 15.31 China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.23 1.23 12.99 13.59 14.17 0.06 0.22 Japan 0.18 0.20 2.89 1.94 3.05 0.00 0.23 Mexico 0.10 0.25 3.70 3.90 3.94 0.00 0.12 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c CrushDomesti c Total Export s Endin g Stock s World 2/ Dec 66.58 312.81 112.77 251.87 286.07 116.22 89.87 Jan 66.16 314.37 112.99 252.53 286.25 116.49 90.78 United States Dec 2.50 107.73 0.41 48.44 51.57 47.90 11.16 Jan 2.50 108.01 0.41 48.44 51.60 48.17 11.16 Total Foreign Dec 64.08 205.08 112.36 203.42 234.49 68.33 78.70 Jan 63.66 206.36 112.58 204.08 234.66 68.32 79.62 Major Exporters 3/ Dec 45.78 160.90 0.63 79.45 85.91 61.70 59.70 Jan 45.78 162.40 0.58 79.45 85.91 61.70 61.15 Argentina Dec 29.00 55.00 0.00 38.05 41.15 8.00 34.85 Jan 29.00 55.00 0.00 38.05 41.15 8.00 34.85 Brazil Dec 16.53 94.00 0.60 37.60 40.75 46.00 24.38 Jan 16.53 95.50 0.55 37.60 40.75 46.00 25.83 Paraguay Dec 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Jan 0.23 8.50 0.03 3.60 3.79 4.52 0.45 Major Importers 4/ Dec 15.76 14.75 100.15 96.87 114.34 0.39 15.93 Jan 15.31 14.89 100.25 97.67 114.89 0.38 15.18 China Dec 14.43 11.80 74.00 74.50 85.90 0.30 14.03 Jan 14.43 11.80 74.00 74.50 85.90 0.30 14.03 European Union Dec 0.67 1.58 12.75 12.80 13.83 0.07 1.09 Jan 0.22 1.72 12.75 13.60 14.28 0.06 0.34 Japan Dec 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Jan 0.23 0.21 2.90 1.97 3.07 0.00 0.27 Mexico Dec 0.12 0.29 3.95 4.20 4.24 0.00 0.12 Jan 0.12 0.29 3.95 4.20 4.24 0.00 0.12 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japa n, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Phil ippines, Vietnam, and Thailand). January 2015 WASDE - 537 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 9.85 181.29 53.85 177.49 57.84 9.66 United States 0.27 36.17 0.22 26.28 10.14 0.25 Total Foreign 9.58 145.11 53.63 151.21 47.70 9.41 Major Exporters 3/ 6.38 61.32 0.04 19.29 41.26 7.19 Argentina 2.92 26.09 0.00 1.60 23.67 3.74 Brazil 3.20 27.31 0.03 14.20 13.24 3.10 India 0.26 7.92 0.01 3.49 4.35 0.35 Major Importers 4/ 1.55 14.14 31.17 45.28 0.57 1.00 European Union 0.44 10.43 16.94 27.12 0.54 0.15 Southeast Asia 5/ 0.90 2.26 12.47 14.81 0.04 0.78 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 9.66 188.78 57.30 185.68 59.63 10.42 United States 0.25 36.91 0.31 26.76 10.48 0.23 Total Foreign 9.41 151.87 56.99 158.93 49.15 10.19 Major Exporters 3/ 7.19 62.57 0.03 20.25 41.65 7.89 Argentina 3.74 27.95 0.00 1.80 24.96 4.93 Brazil 3.10 27.98 0.03 14.40 13.95 2.76 India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.60 33.27 47.42 0.38 1.07 European Union 0.15 10.74 18.18 28.50 0.31 0.26 Southeast Asia 5/ 0.78 2.40 13.12 15.51 0.07 0.72 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 10.48 198.92 60.76 195.01 63.92 11.24 Jan 10.42 199.49 60.29 195.56 63.51 11.14 United States Dec 0.23 38.81 0.15 27.31 11.61 0.27 Jan 0.23 38.83 0.23 27.40 11.61 0.27 Total Foreign Dec 10.26 160.11 60.61 167.71 52.31 10.97 Jan 10.19 160.67 60.06 168.16 51.90 10.87 Major Exporters 3/ Dec 7.91 65.70 0.03 20.99 44.78 7.87 Jan 7.89 65.38 0.03 21.00 44.48 7.82 Argentina Dec 4.93 29.58 0.00 2.00 27.83 4.68 Jan 4.93 29.58 0.00 2.00 27.83 4.68 Brazil Dec 2.76 29.00 0.03 14.71 14.10 2.97 Jan 2.76 29.00 0.03 14.78 14.10 2.90 India Dec 0.22 7.12 0.01 4.28 2.85 0.22 Jan 0.20 6.80 0.01 4.22 2.55 0.24 Major Importers 4/ Dec 1.09 14.22 35.68 48.84 0.62 1.54 Jan 1.07 14.89 35.18 49.24 0.46 1.45 European Union Dec 0.29 10.08 19.80 29.04 0.55 0.57 Jan 0.26 10.75 19.30 29.44 0.39 0.48 Southeast Asia 5/ Dec 0.72 2.65 13.78 16.19 0.07 0.89 Jan 0.72 2.65 13.78 16.19 0.07 0.89 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ European Union, Southeast Asia , and Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. January 2015 WASDE - 537 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) 2012/13 Beginning StocksProduction Imports Domestic TotalExports Ending Stocks World 2/ 4.06 43.10 8.46 42.63 9.33 3.65 United States 1.15 8.99 0.09 8.48 0.98 0.77 Total Foreign 2.91 34.11 8.37 34.16 8.35 2.88 Major Exporters 3/ 1.07 15.64 0.40 9.72 6.51 0.88 Argentina 0.32 6.36 0.09 2.28 4.24 0.26 Brazil 0.42 6.76 0.01 5.53 1.25 0.40 European Union 0.33 2.51 0.30 1.91 1.01 0.22 Major Importers 4/ 1.07 13.79 3.88 17.18 0.16 1.41 China 0.62 11.63 1.41 12.55 0.08 1.02 India 0.36 1.75 1.09 2.95 0.00 0.25 North Africa 5/ 0.10 0.41 1.39 1.68 0.08 0.14 2013/14 Est. Beginnin g Stock s Productio n Import sDomesti c Total Export s Endin g Stock s World 2/ 3.65 44.86 9.20 45.27 9.23 3.21 United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.88 35.73 9.12 36.67 8.38 2.68 Major Exporters 3/ 0.88 16.34 0.33 10.47 6.24 0.84 Argentina 0.26 6.80 0.01 2.73 4.09 0.25 Brazil 0.40 6.96 0.00 5.77 1.38 0.22 European Union 0.22 2.58 0.32 1.98 0.77 0.37 Major Importers 4/ 1.41 14.23 4.48 18.61 0.20 1.31 China 1.02 12.34 1.35 13.66 0.09 0.96 India 0.25 1.48 1.83 3.30 0.00 0.26 North Africa 5/ 0.14 0.42 1.30 1.65 0.11 0.10 2014/15 Proj. Beginnin g Stock s Productio n Import s Domesti c TotalExport s Endin g Stock s World 2/ Dec 3.05 46.99 9.22 46.53 9.53 3.21 Jan 3.21 47.15 9.20 46.73 9.45 3.39 United States Dec 0.53 9.38 0.07 8.37 0.95 0.66 Jan 0.53 9.32 0.07 8.32 0.95 0.65 Total Foreign Dec 2.52 37.61 9.15 38.16 8.57 2.55 Jan 2.68 37.83 9.13 38.40 8.49 2.74 Major Exporters 3/ Dec 0.73 16.80 0.30 10.69 6.42 0.72 Jan 0.84 17.06 0.31 11.05 6.32 0.84 Argentina Dec 0.25 7.26 0.00 2.94 4.35 0.22 Jan 0.25 7.26 0.00 2.94 4.35 0.22 Brazil Dec 0.29 7.22 0.00 5.94 1.27 0.30 Jan 0.22 7.22 0.00 6.04 1.17 0.22 European Union Dec 0.19 2.33 0.30 1.81 0.80 0.20 Jan 0.37 2.58 0.31 2.07 0.80 0.40 Major Importers 4/ Dec 1.27 15.39 4.39 19.64 0.18 1.23 Jan 1.31 15.30 4.29 19.44 0.18 1.28 China Dec 0.96 13.34 1.10 14.36 0.08 0.96 Jan 0.96 13.34 1.00 14.26 0.08 0.96 India Dec 0.22 1.59 1.93 3.55 0.00 0.18 Jan 0.26 1.50 1.93 3.45 0.00 0.23 North Africa 5/ Dec 0.10 0.46 1.37 1.73 0.10 0.09 Jan 0.10 0.46 1.37 1.73 0.10 0.09 1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Eurpoean Union. 4/ China, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia. January 2015 WASDE - 537 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Mea t 2/Broiler Turkey Total Poultry 3 /Red Meat & PoultryEgg Milk Million Pounds Mil doz Bil lbs 2013 Annual 25,720 23,187 49,174 37,830 5, 805 44,159 93,333 8,046 201.2 2014 I 5,868 5,785 11,716 9,283 1, 332 10,739 22,455 2,006 51.0 II 6,183 5,504 11,754 9,618 1, 429 11,181 22,935 2,042 52.9 III 6,178 5,423 11,661 9,835 1, 478 11,448 23,109 2,074 51.2 IV 6,020 6,140 12,219 9,850 1, 500 11,480 23,699 2,110 50.9 Annual Dec Proj. 24,254 22,792 47,295 38,486 5, 739 44,748 92,043 8,237 206.2 Jan Est. 24,249 22,852 47,350 38,586 5, 739 44,848 92,198 8,232 206.0 2015 I* 5,685 5,935 11,682 9,550 1, 400 11,075 22,757 2,070 52.6 II* 6,225 5,735 12,019 9,970 1, 475 11,585 23,604 2,095 54.3 III* 5,955 5,845 11,858 10,130 1, 525 11,800 23,658 2,110 52.4 IV* 5,965 6,380 12,404 9,980 1, 525 11,640 24,044 2,155 52.4 Annual Dec Proj. 23,670 23,620 47,527 39,630 5, 925 46,100 93,627 8,430 212.2 Jan Proj. 23,830 23,895 47,963 39,630 5, 925 46,100 94,063 8,430 211.7 * Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products Year and Quarter Steers 2/Barrows and gilts 3/Broilers 4/Turkeys 5/Eggs 6/Milk 7/ Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t 2013 Annual 125.89 64.05 99.7 99.8 124.7 20.05 2014 I 146.34 68.69 98.4 100.7 142.7 24.53 II 147.82 85.40 113.7 105.6 134.6 24.23 III 158.49 83.30 104.6 110.2 129.3 24.37 IV 165.60 66.74 102.8 113.9 162.7 22.73 Annual Dec Proj. 155.29 76.22 105.3 108.0 143.0 24.05-24.15 Jan Est. 154.56 76.03 104.9 107.6 142.3 23.97 2015 I* 162-168 62-64 101-105 102-106 138-144 18.85-19.25 II* 160-172 64-68 101-109 100-108 117-125 16.55-17.25 III* 157-171 62-68 99-107 104-112 112-122 17.30-18.30 IV* 158-172 54-58 98-106 108-116 133-145 18.30-19.30 Annual Dec Proj. 160-172 63-68 100-108 103-111 125-134 18.45-19.25 Jan Proj. 159-171 60-65 100-107 103-111 125-134 17.75-18.55 *Projection. 1/ Simple average of months . 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. January 2015 WASDE - 537 - 32 U.S. Meats Supply and Use Item Beginning stocksProduction 1/ ImportsTotal Supply ExportsEnding StocksTotal UsePer Capita 2/ 3/ Million Pounds /4 Beef 2013 608 25,791 2,250 28,649 2,590 584 25,475 56.3 2014 Est. Dec 584 24,325 2,848 27,757 2,599 495 24,663 54.2 Jan 584 24,320 2,928 27,832 2,584 530 24,718 54.3 2015 Proj. Dec 495 23,741 2,700 26,936 2,525 485 23,926 52.2 Jan 530 23,901 2,770 27,201 2,525 485 24,191 52.7 Filler Filler Filler Filler Filler Filler Filler Filler Pork 2013 625 23,200 880 24,705 4,992 618 19,095 46.8 2014 Est. Dec 618 22,806 1,008 24,431 4,966 570 18,895 46.0 Jan 618 22,866 1,008 24,491 4,841 540 19,110 46.5 2015 Proj. Dec 570 23,633 910 25,113 5,250 605 19,258 46.6 Jan 540 23,908 910 25,358 5,250 605 19,503 47.1 Filler Filler Filler Filler Filler Filler Filler Filler Total Red Meat 5/ 2013 1,260 49,270 3,302 53,832 7,589 1,230 45,013 104.4 2014 Est. Dec 1,230 47,390 4,037 52,656 7,573 1,108 43,975 101.3 Jan 1,230 47,445 4,125 52,799 7,433 1,106 44,260 102.0 2015 Proj. Dec 1,108 47,622 3,776 52,506 7,784 1,133 43,589 99.8 Jan 1,106 48,058 3,862 53,026 7,784 1,123 44,119 101.0 Filler Filler Filler Filler Filler Filler Filler Filler Broiler 2013 651 37,425 122 38,199 7,345 669 30,184 81.9 2014 Est. Dec 669 38,074 114 38,857 7,319 610 30,928 83.4 Jan 669 38,173 114 38,956 7,319 675 30,961 83.4 2015 Proj. Dec 610 39,206 116 39,932 7,400 645 31,887 85.3 Jan 675 39,206 116 39,997 7,360 645 31,992 85.6 Filler Filler Filler Filler Filler Filler Filler Filler Turkey 2013 296 5,729 22 6,047 759 237 5,051 16.0 2014 Est. Dec 237 5,739 29 6,005 799 215 4,991 15.7 Jan 237 5,739 29 6,005 799 200 5,006 15.7 2015 Proj. Dec 215 5,925 28 6,168 820 275 5,073 15.8 Jan 200 5,925 28 6,153 820 275 5,058 15.8 Filler Filler Filler Filler Filler Filler Filler Filler Total Poultry 6/ 2013 949 43,677 146 44,772 8,213 912 35,647 99.2 2014 Est. Dec 912 44,336 146 45,393 8,224 830 36,339 100.3 Jan 912 44,435 146 45,492 8,228 880 36,384 100.5 2015 Proj. Dec 830 45,675 146 46,651 8,345 925 37,381 102.4 Jan 880 45,675 146 46,701 8,305 925 37,471 102.7 Filler Filler Filler Filler Filler Filler Filler Filler Red Meat & Poultry 2013 2,208 92,947 3,449 98,604 15,802 2,142 80,660 203.6 2014 Est. Dec 2,142 91,725 4,182 98,049 15,797 1,938 80,314 201.7 Jan 2,142 91,879 4,270 98,291 15,661 1,986 80,644 202.5 2015 Proj. Dec 1,938 93,297 3,922 99,157 16,129 2,058 80,970 202.3 Jan 1,986 93,733 4,008 99,727 16,089 2,048 81,590 203.7 1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Populati on source: Dept. of Commerce, Census Bureau . 4/ Carcass weight for red meats and cer tified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. January 2015 WASDE - 537 - 33 U.S. Egg Supply and Use Commodity 2012 2013 2014 Proj. 2014 Est. 2015 Proj. 2015 Proj. Dec Jan Dec Jan Eggs Million Dozen Supply Beginning Stocks 27.7 20.8 23.0 23.0 23.0 23.0 Production 7,876.5 8,046.2 8,237.0 8 ,232.0 8,430.0 8,430.0 Imports 18.5 16.9 35.2 35.2 40.0 40.0 Total Supply 7,922.7 8,083.9 8,295.2 8 ,290.2 8,493.0 8,493.0 Use Exports 301.7 371.9 371.6 381.6 375.0 375.0 Hatching Use 940.8 959.9 975.2 975.2 1,000.0 1,000.0 Ending Stocks 20.8 23.0 23.0 23.0 23.0 23.0 Disappearance Total 6,659.4 6,729.1 6,925.4 6 ,910.4 7,095.0 7,095.0 Per Capita (number) 254.3 255.2 260.7 260.2 265.2 265.2 Total U.S. Milk Supply and Use Commodity 2012 2013 2014 Proj. 2014 Est. 2015 Proj. 2015 Proj. Dec Jan Dec Jan Milk Billion Pounds Production 200.6 201.2 206.2 206.0 212.2 211.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply Beg. Commercial Stocks 10.9 12.2 11.2 11.2 11.1 11.3 Marketings 199.7 200.2 205.2 205.0 211.3 210.7 Imports 4.1 3.7 4.1 4.2 3.8 3.8 Total Cml. Supply 214.7 216.2 220.5 220.4 226.2 225.8 Fat Basis Use Commercial Exports 8.8 12.4 12.3 12.3 11.0 11.1 Ending Commercial Stocks 12.2 11.2 11.1 11.3 12.2 11.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 193.7 192.6 197.1 196.8 203.0 202.9 Skim-solid Basis Supply Beg. Commercial Stocks 11.8 12.4 11.6 11.6 11.9 13.1 Marketings 199.7 200.2 205.2 205.0 211.3 210.7 Imports 5.7 5.3 5.8 5.6 5.4 5.5 Total Cml. Supply 217.2 217.9 222.7 222.3 228.6 229.3 Skim-solid Basis Use Commercial Exports 33.3 38.5 38.7 39.1 37.4 37.6 Ending Commercial Stocks 12.4 11.6 11.9 13.1 12.6 12.9 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 171.5 167.7 172.1 170.1 178.6 178.8 Total Note: Totals may not add due to rounding. January 2015 WASDE - 537 - 34 U.S. Dairy Prices Commodity 2012 2013 2014 Proj. 2014 Est. 2015 Proj. 2015 Proj. Dec Jan Dec Jan Product Prices 1/ Dollars Pe r Pound Cheese 1.7076 1.7683 2.150- 2.1602.1551 1.625- 1.7051.590- 1.670 Butter 1.5943 1.5451 2.125- 2.1552.1361 1.665- 1.7751.600- 1.710 Nonfat Dry Milk 1.3279 1.7066 1.760- 1.7801.7682 1.340- 1.4001.270- 1.330 Dry Whey 0.5935 0.5902 0.650- 0.6600.6538 0.560- 0.5900.550- 0.580 Filler Dollars Pe r Cwt Milk Prices 2/ Class III 17.44 17.99 22.30- 22.4022.34 16.55- 17.3516.20- 17.00 Class IV 16.01 19.05 22.05- 22.2522.09 16.45- 17.3515.60- 16.50 All Milk 3/ 18.52 20.05 24.05- 24.1523.97 18.45- 19.2517.75- 18.55 1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation. January 2015 WASDE - 537 - 35 Note: Tables on pages 35-37 present a record of the January pr ojection and the final Estimate. Using world wheat production as an example, the "root mean square error" means that ch ances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 0.7 percent. Chances are 9 out of 10 (90% confidence level) that the differe nce will not exceed 1.2 percent. The average difference between the January projection and the final estimate is 3.2 million tons, ranging from 0.0 million to 8. 3 million tons. The January projection has been below the estimate 24 times and above 9 times. Reliability of January Projections 1/ Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final WHEAT Percent Million Metric Tons Production Worl d 0.7 1.2 3.2 0.0 8.3 24 9 U.S. 0.1 0.2 0.0 0.0 0.3 13 9 Forei gn 0.8 1.4 3.2 0.1 8.3 24 9 Exports Worl d 5.4 9.2 5.2 0.1 18.4 25 8 U.S. 4.9 8.3 1.3 0.1 3.9 19 14 Forei gn 6.5 11.0 4.9 0.3 18.0 27 6 Domestic Use Worl d 1.2 2.1 5.4 0.1 14.7 21 12 U.S. 4.7 8.0 1.1 0.0 3.0 11 21 Forei gn 1.3 2.1 5.4 0.6 14.8 22 11 Ending Stocks Worl d 5.0 8.4 5.6 0.2 18.1 22 11 U.S. 9.2 15.5 1.5 0.0 4.6 19 13 Forei gn 5.4 9.2 4.8 0.1 16.9 22 11 COARSE GRAINS 2/ Production Worl d 1.3 2.1 9.8 0.0 26.3 24 9 U.S. 0.4 0.7 0.3 0.0 4.6 14 7 Forei gn 1.8 3.0 9.7 0.0 26.3 23 10 Exports Worl d 6.0 10.2 5.3 0.2 20.6 24 9 U.S. 12.2 20.6 4.6 0.2 13.3 14 19 Forei gn 10.8 18.3 5.3 0.4 23.3 22 11 Domestic Use Worl d 1.1 1.9 7.5 0.0 29.0 17 16 U.S. 3.2 5.4 4.1 0.2 18.8 16 17 Forei gn 1.3 2.1 7.2 0.1 22.8 23 10 Ending Stocks Worl d 9.9 16.7 12.0 0.8 31.8 27 6 U.S. 16.0 27.1 6.0 0.0 24.3 19 13 Forei gn 12.7 21.5 9.6 0.1 29.6 26 7 RICE, milled Production Worl d 1.7 2.9 4.8 0.0 13.9 27 5 U.S. 1.8 3.0 0.1 0.0 0.3 13 7 Forei gn 1.7 2.9 4.8 0.1 13.9 28 5 Exports Worl d 9.4 15.9 1.6 0.0 6.6 25 8 U.S. 7.5 12.8 0.2 0.0 0.6 17 14 Forei gn 10.5 17.8 1.6 0.0 6.2 24 9 Domestic Use Worl d 1.3 2.3 3.3 0.0 12.3 24 9 U.S. 7.8 13.3 0.2 0.0 0.5 15 18 Forei gn 1.4 2.3 3.3 0.0 12.4 25 8 Ending Stocks Worl d 8.7 14.8 3.7 0.5 14.5 27 6 U.S. 21.6 36.7 0.2 0.0 0.6 18 14 Forei gn 9.0 15.2 3.7 0.2 14.0 27 6 1/ Footnotes at end of table. CONTINUED January 2015 WASDE - 537 - 36 Reliability of January Projections (Continued) Differences between forecast and final estimate 90 percent Years Commodity and Region Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final SOYBEANS Percent Million Metric Tons Production World 3.5 6.0 4.7 0.0 22.4 19 14 U.S. 1.5 2.5 0.7 0.0 2.5 15 13 Foreign 6.0 10.1 4.8 0.2 22.6 19 14 Exports World 7.0 11.8 2.7 0.1 12.2 20 13 U.S. 8.2 14.0 1.7 0.1 5.0 19 14 Foreign 18.3 31.1 2.5 0.0 11.8 15 18 Domestic Use World 2.6 4.5 3.3 0.1 11.1 18 15 U.S. 3.3 5.6 1.1 0.0 3.6 22 11 Foreign 3.3 5.6 3.1 0.3 12.7 18 15 Ending Stocks World 15.0 25.5 3.7 0.1 18.7 19 14 U.S. 33.5 56.8 1.7 0.1 4.9 8 25 Foreign 17.3 29.4 3.4 0.1 13.8 22 11 COTTON Million 480-Pound Bales Production World 2.6 4.3 1.9 0.0 5.4 22 10 U.S. 1.0 1.7 0.1 0.0 0.3 12 20 Foreign 3.1 5.3 1.9 0.0 5.7 24 8 Exports World 6.6 11.3 1.7 0.1 8.8 18 15 U.S. 11.2 19.0 0.7 0.0 2.7 21 12 Foreign 8.4 14.3 1.3 0.0 8.1 20 13 Domestic Use World 2.7 4.6 2.1 0.4 6.8 17 16 U.S. 5.6 9.6 0.3 0.0 0.9 20 12 Foreign 2.8 4.7 2.0 0.4 6.5 18 15 Ending Stocks World 10.4 17.7 3.7 0.1 11.3 22 11 U.S. 20.8 35.2 0.9 0.2 2.4 9 24 Foreign 11.2 19.0 3.6 0.2 11.6 23 10 1/ Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2013/14. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. January 2015 WASDE - 537 - 37 Reliability of United States January Projections 1/ Differences between forecast and final estimate 90 percent Years Root mean square errorconfidence interval Average Smalles t LargestBelow FinalAbove Final CORN Percent Million Bushels Production 0.4 0.8 12 0 148 4 2 Exports 12.7 21.5 164 9 467 13 20 Domestic Use 3.1 5.3 148 7 574 16 17 Ending Stocks 17.8 30.3 235 1 986 20 13 SORGHUM Production 1 . 1 1 . 920 5 313 Exports 16.0 27.2 27 0 97 22 9 Domestic Use 13.5 23.0 35 1 148 15 18 Ending Stocks 43.4 73.7 25 1 98 12 21 BARLEY Production 0.5 0.9 1 0 11 13 4 Exports 22.2 37.6 8 0 37 11 20 Domestic Use 6.2 10.5 15 0 70 13 17 Ending Stocks 12.0 20.4 11 1 52 21 12 OATS Production 0 . 4 0 . 600244 Exports 69.7 118. 31077 1 0 Domestic Use 4 . 4 7 . 51 1 13 91 71 6 Ending Stocks 16.6 28.1 13 1 47 19 14 SOYBEAN MEAL Thousand Short Tons Production 3.2 5.4 858 15 2,728 22 11 Exports 10.5 17.9 654 34 2,350 23 10 Domestic Use 2.8 4.7 612 34 2,066 17 16 Ending Stocks 35.8 60.7 63 0 214 13 18 SOYBEAN OIL Million Pounds Production 3.2 5.4 411 7 1,418 23 10 Exports 24.5 41.6 298 0 1,325 19 12 Domestic Use 3.6 6.0 410 25 1,628 21 12 Ending Stocks 20.7 35.1 291 25 1,206 21 12 ANIMAL PROD. 3/ Million Pounds Beef 3.6 6.1 751 9 2,111 22 10 Pork 3.2 5.5 397 5 1,717 18 14 Broilers 1.8 3.0 393 24 1,011 21 11 Turkeys 2.9 4.8 118 2 407 18 14 Million Dozen Eggs 1.5 2.6 83 4 177 20 12 Billion Pounds Milk 1.6 2.7 1.9 0.0 5.7 17 13 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2013/14 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14. Calendar years 1983 through 2013 for meats, eggs, and milk. Final for animal products is defined as th e latest annual production estimate published by NASS for 1983-2013. WASDE-537-38 Related USDA Reports The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde . Supply and Demand Database The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Foreign Production Assessments Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/. Metric Conversion Factors 1 Hectare = 2.4710 Acres 1 Kilogram = 2.20462 Pounds Metric-Ton Equivalent = Domestic Unit Factor Wheat & Soybeans Rice Corn, Sorghum, & Rye Barley Oats Sugar Cotton bushels cwt bushels bushels bushels short tons 480-lb bales .027216 .045359 .025401 .021772 .014515 .907185 .217720 UNITED STATES DEPARTMENT OF AGRICULTURE WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812 ___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL POSTAGE & FEES PAID USDA PERMIT NO. G-289 World Agricultural Supply and Demand Estimates WASDE-537 – January 12, 2015 Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/ . Get a free e-mail subscription to the WASDE and other USDA crop reports at http://usda.mannlib.cornell.edu . Select the “Reports by E-Mail” bar to sign up. Print Subscriptions: For print subscriptions, call the National Technical Information Service (NTIS) at 1-800- 999-6779 or 703-605-6220. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202- 720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.