WASDE - 657 - 8 February 2025 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2022/23 2762.00 3561.96 497.18 2770.43 791.53 2023/24 (Est.) 2820.02 3611.55 515.12 2818.11 793.44 2024/25 (Proj.) Jan 2820.40 3615.84 500.01 2854.91 760.93 Feb 2818.97 3612.41 493.17 2856.08 756.33 Wheat 2022/23 789.89 1063.85 221.75 789.58 274.27 2023/24 (Est.) 791.21 1065.48 221.22 797.99 267.49 2024/25 (Proj.) Jan 793.24 1060.71 212.00 801.89 258.82 Feb 793.79 1061.28 208.99 803.72 257.56 Coarse Grains 5/ 2022/23 1455.44 1797.24 220.35 1460.64 336.60 2023/24 (Est.) 1506.51 1843.11 237.02 1496.64 346.47 2024/25 (Proj.) Jan 1494.29 1842.77 230.10 1522.78 319.99 Feb 1492.52 1838.98 225.85 1521.84 317.14 Rice, milled 2022/23 516.67 700.87 55.09 520.21 180.66 2023/24 (Est.) 522.31 702.96 56.88 523.48 179.48 2024/25 (Proj.) Jan 532.87 712.36 57.91 530.24 182.13 Feb 532.67 712.15 58.32 530.52 181.63 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 458.90 520.32 86.80 365.43 68.09 2024/25 (Proj.) Jan 451.56 527.05 94.34 367.78 64.93 Feb 451.56 527.02 92.94 369.18 64.90 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.10 68.36 19.24 30.16 18.95 2024/25 (Proj.) Jan 53.65 76.14 23.13 31.30 21.71 Feb 53.65 76.14 23.13 31.39 21.62 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.88 442.67 64.45 330.35 47.87 2024/25 (Proj.) Jan 390.86 441.11 68.03 331.25 41.84 Feb 390.86 441.07 66.76 332.52 41.79 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.92 9.30 3.12 4.92 1.27 2024/25 (Proj.) Jan 7.05 9.80 3.18 5.24 1.38 Feb 7.05 9.81 3.05 5.27 1.49 ================================================================================ WASDE - 657 - 9 February 2025 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2022/23 2355.58 3090.62 429.34 2420.54 737.93 2023/24 (Est.) 2361.13 3091.23 428.32 2452.68 725.35 2024/25 (Proj.) Jan 2368.84 3088.79 405.68 2487.13 696.00 Feb 2367.41 3085.39 400.23 2486.90 691.43 Wheat 2022/23 744.99 997.29 201.02 759.25 258.77 2023/24 (Est.) 742.11 997.12 201.98 767.83 248.54 2024/25 (Proj.) Jan 739.59 984.56 188.86 770.59 237.10 Feb 740.14 985.14 185.86 772.33 235.95 Coarse Grains 5/ 2022/23 1098.99 1400.07 175.28 1145.68 299.46 2023/24 (Est.) 1103.63 1400.44 172.57 1166.30 298.59 2024/25 (Proj.) Jan 1103.44 1401.66 162.07 1191.54 278.15 Feb 1101.66 1397.91 159.09 1189.32 275.35 Rice, milled 2022/23 511.59 693.26 53.04 515.61 179.69 2023/24 (Est.) 515.38 693.66 53.77 518.56 178.22 2024/25 (Proj.) Jan 525.81 702.57 54.74 525.00 180.74 Feb 525.61 702.34 55.27 525.25 180.13 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2022/23 116.30 187.19 36.65 112.64 75.90 2023/24 (Est.) 112.98 188.88 44.61 114.78 73.71 2024/25 (Proj.) Jan 119.45 193.61 42.48 115.89 77.91 Feb 120.46 194.18 42.51 115.95 78.41 United States 2022/23 14.47 19.07 12.45 2.05 4.65 2023/24 (Est.) 12.07 16.72 11.75 1.85 3.15 2024/25 (Proj.) Jan 14.41 17.57 11.00 1.80 4.80 Feb 14.41 17.57 11.00 1.70 4.90 Foreign 4/ 2022/23 101.83 168.12 24.20 110.59 71.25 2023/24 (Est.) 100.92 172.16 32.86 112.93 70.56 2024/25 (Proj.) Jan 105.03 176.04 31.48 114.09 73.11 Feb 106.05 176.61 31.51 114.25 73.51 ================================================================================ WASDE - 657 - 10 February 2025 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2022/23 638.35 752.61 201.37 526.45 122.36 2023/24 (Est.) 657.10 779.46 205.61 545.94 132.46 2024/25 (Proj.) Jan 680.35 812.93 207.30 560.27 144.32 Feb 677.70 810.17 207.32 561.25 140.05 Oilmeals 2022/23 358.09 378.30 97.65 356.33 17.39 2023/24 (Est.) 372.63 390.01 106.24 366.17 18.92 2024/25 (Proj.) Jan 385.04 403.90 107.41 378.56 21.10 Feb 385.73 404.65 108.14 379.42 21.08 Vegetable Oils 2022/23 217.29 247.41 88.93 211.08 31.17 2023/24 (Est.) 221.69 252.85 85.99 217.50 30.83 2024/25 (Proj.) Jan 227.18 257.99 86.36 224.78 28.30 Feb 227.36 258.19 86.18 224.69 28.35 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.16 132.12 47.35 66.27 10.81 2024/25 (Proj.) Jan 128.48 140.44 50.78 69.79 11.74 Feb 128.48 140.41 50.80 69.72 11.74 Oilmeals 2022/23 49.93 54.59 13.39 40.78 0.41 2023/24 (Est.) 51.46 56.17 14.80 40.89 0.49 2024/25 (Proj.) Jan 54.08 58.92 15.98 42.44 0.50 Feb 54.10 58.94 15.98 42.46 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.61 21.60 0.42 20.17 1.02 2024/25 (Proj.) Jan 14.34 22.61 0.87 20.68 1.06 Feb 14.31 22.58 0.86 20.67 1.06 Foreign 3/ Oilseeds 2022/23 512.60 616.19 146.58 462.29 113.51 2023/24 (Est.) 534.93 647.34 158.27 479.67 121.65 2024/25 (Proj.) Jan 551.87 672.49 156.52 490.48 132.59 Feb 549.22 669.76 156.52 491.53 128.30 Oilmeals 2022/23 308.16 323.71 84.26 315.55 16.97 2023/24 (Est.) 321.17 333.84 91.44 325.28 18.43 2024/25 (Proj.) Jan 330.97 344.99 91.43 336.12 20.61 Feb 331.63 345.71 92.16 336.96 20.58 Vegetable Oils 2022/23 204.11 226.67 88.60 191.81 30.03 2023/24 (Est.) 208.08 231.25 85.57 197.33 29.81 2024/25 (Proj.) Jan 212.84 235.38 85.50 204.11 27.24 Feb 213.05 235.61 85.32 204.03 27.29 ================================================================================ WASDE - 657 - 11 February 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Acres Area Planted 45.8 49.6 46.1 46.1 Area Harvested 35.5 37.1 38.5 38.5 Bushels Yield per Harvested Acre 46.5 48.7 51.2 51.2 Million Bushels Beginning Stocks 674 570 696 696 Production 1650 1804 1971 1971 Imports 122 138 130 130 Supply, Total 2446 2512 2798 2798 Food 972 961 966 970 Seed 68 62 64 64 Feed and Residual 74 85 120 120 Domestic, Total 1114 1108 1150 1154 Exports 762 707 850 850 Use, Total 1876 1815 2000 2004 Ending Stocks 570 696 798 794 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 5.55 5.55 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 596 465 449 234 59 1804 Imports 18 63 6 6 45 138 Supply, Total 3/ 837 683 545 314 132 2512 Food 384 253 158 84 83 961 Seed 27 15 11 6 3 62 Feed and Residual 18 -10 91 -12 -2 85 Domestic Use 428 258 261 77 84 1108 Exports 134 235 158 152 27 707 Use, Total 563 493 419 229 111 1815 Ending Stocks, Total 274 190 126 85 21 696 2024/25 (Proj.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 5 70 5 5 45 130 Supply, Total 3/ 1050 763 473 366 146 2798 Food 386 260 155 85 84 970 Seed 27 16 13 6 3 64 Feed and Residual 45 20 70 -15 0 120 Domestic Use 458 296 238 76 87 1154 Exports 210 270 125 220 25 850 Use, Total 668 566 363 296 112 2004 Ending Stocks, Total Feb 382 197 111 70 35 794 Jan 384 198 110 70 36 798 ================================================================================ WASDE - 657 - 12 February 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.5 101.5 Area Harvested 86.6 96.0 91.3 91.3 Metric Tons Yield per Harvested Acre 4.11 4.19 4.28 4.28 Million Metric Tons Beginning Stocks 37.5 37.1 47.9 47.9 Production 356.1 402.6 390.5 390.5 Imports 2.9 2.3 2.1 2.1 Supply, Total 396.5 442.0 440.4 440.4 Feed and Residual 142.2 150.8 150.7 151.3 Food, Seed & Industrial 172.1 178.9 179.9 180.6 Domestic, Total 314.4 329.7 330.6 331.9 Exports 45.1 64.4 68.0 66.8 Use, Total 359.4 394.2 398.6 398.6 Ending Stocks 37.1 47.9 41.8 41.8 Million Acres CORN Area Planted 88.2 94.6 90.6 90.6 Area Harvested 78.7 86.5 82.9 82.9 Bushels Yield per Harvested Acre 173.4 177.3 179.3 179.3 Million Bushels Beginning Stocks 1377 1360 1763 1763 Production 13651 15341 14867 14867 Imports 39 28 25 25 Supply, Total 15066 16729 16655 16655 Feed and Residual 5486 5805 5775 5775 Food,Seed& Industrial 2/ 6558 6868 6890 6890 Ethanol & by-products 3/ 5176 5478 5500 5500 Domestic, Total 12044 12673 12665 12665 Exports 1662 2292 2450 2450 Use, Total 13706 14966 15115 15115 Ending Stocks 1360 1763 1540 1540 Avg.FarmPrice ($/bu) 4/ 6.54 4.55 4.25 4.35 ================================================================================ WASDE - 657 - 13 February 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.3 6.3 AreaHarvested(mil.acres) 4.6 6.1 5.6 5.6 Yield (bushels/acre) 41.1 52.0 61.3 61.3 Beginning Stocks 47 24 33 33 Production 188 318 344 344 Imports 0 0 0 0 Supply, Total 235 342 377 377 Feed and Residual 42 46 80 105 Food, Seed & Industrial 59 24 45 70 Total Domestic 102 70 125 175 Exports 109 239 220 170 Use, Total 211 309 345 345 Ending Stocks 24 33 32 32 Avg.FarmPrice ($/bu) 2/ 6.38 4.93 4.25 4.25 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.4 2.4 AreaHarvested(mil.acres) 2.4 2.6 1.9 1.9 Yield (bushels/acre) 71.7 72.3 76.7 76.7 Beginning Stocks 37 66 78 78 Production 174 186 144 144 Imports 23 13 12 10 Supply, Total 235 265 234 232 Feed and Residual 35 57 40 40 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 182 160 160 Exports 2 5 8 8 Use, Total 169 187 168 168 Ending Stocks 66 78 66 64 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.60 6.60 OATS AreaPlanted (mil. acres) 2.6 2.6 2.2 2.2 AreaHarvested(mil.acres) 0.9 0.8 0.9 0.9 Yield (bushels/acre) 65.5 68.6 76.5 76.5 Beginning Stocks 33 35 36 36 Production 58 57 68 68 Imports 84 74 70 70 Supply, Total 174 166 174 174 Feed and Residual 57 48 60 60 Food, Seed & Industrial 81 80 81 81 Total Domestic 137 128 141 141 Exports 2 2 2 2 Use, Total 139 130 143 143 Ending Stocks 35 36 31 31 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.40 3.40 ================================================================================ WASDE - 657 - 14 February 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.90 2.91 2.91 Area Harvested 2.17 2.85 2.87 2.87 Pounds Yield per Harvested Acre 7385 7641 7748 7748 Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.8 39.8 Production 160.0 218.0 222.1 222.1 Imports 39.9 44.6 46.5 47.0 Supply, Total 239.7 292.8 308.5 309.0 Domestic & Residual 3/ 144.8 154.9 165.0 166.0 Exports, Total 4/ 64.6 98.1 100.0 96.0 Rough 18.5 41.7 40.0 36.0 Milled (rough equiv.) 46.2 56.4 60.0 60.0 Use, Total 209.4 253.0 265.0 262.0 Ending Stocks 30.3 39.8 43.5 47.0 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.30 15.60 15.40 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 2.26 2.26 Yield (pounds/acre) 7225 7523 7625 7625 Beginning Stocks 24.6 21.2 19.3 19.3 Imports 31.9 37.3 39.0 40.0 Production 128.5 153.8 172.0 172.0 Supply, Total 7/ 185.0 212.3 230.3 231.3 Domestic & Residual 3/ 113.6 118.3 128.0 129.0 Exports 8/ 50.2 74.7 72.0 68.0 Use, Total 163.8 193.0 200.0 197.0 Ending Stocks 21.2 19.3 30.3 34.3 Avg.FarmPrice($/cwt) 6/ 16.70 15.90 14.30 14.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 0.61 0.61 Yield (pounds/acre) 8118 7938 8200 8200 Beginning Stocks 13.0 6.8 18.9 18.9 Imports 8.0 7.3 7.5 7.0 Production 31.6 64.1 50.1 50.1 Supply, Total 7/ 52.4 78.9 76.5 76.0 Domestic & Residual 3/ 31.1 36.6 37.0 37.0 Exports 8/ 14.4 23.3 28.0 28.0 Use, Total 45.6 60.0 65.0 65.0 Ending Stocks 6.8 18.9 11.5 11.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 21.60 20.30 20.70 California 10/ 40.90 22.30 22.00 22.50 Other States 1/ 18.20 17.20 14.80 14.80 ================================================================================ WASDE - 657 - 15 February 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 87.1 87.1 Area Harvested 86.2 82.3 86.1 86.1 Bushels Yield per Harvested Acre 49.6 50.6 50.7 50.7 Million Bushels Beginning Stocks 274 264 342 342 Production 4270 4162 4366 4366 Imports 25 21 20 20 Supply, Total 4569 4447 4729 4729 Crushings 2212 2287 2410 2410 Exports 1980 1695 1825 1825 Seed 75 78 78 78 Residual 39 45 36 36 Use, Total 4305 4105 4349 4349 Ending Stocks 264 342 380 380 Avg.FarmPrice ($/bu) 2/ 14.20 12.40 10.20 10.10 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1501 1501 Production 4/ 26227 27130 28680 28680 Imports 376 621 550 550 Supply, Total 28594 29357 30731 30731 Domestic Disappearance 26609 27240 27600 27600 Biofuel 3/ 12510 12989 13600 13600 Food, Feed & other Industrial 14099 14251 14000 14000 Exports 378 617 1600 1600 Use, Total 26987 27856 29200 29200 Ending stocks 1607 1501 1531 1531 Avg. Price (c/lb) 2/ 65.26 47.28 43.00 43.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 453 453 Production 4/ 52493 54145 56947 56947 Imports 634 687 675 675 Supply, Total 53438 55204 58075 58075 Domestic Disappearance 38521 38643 40225 40225 Exports 14547 16107 17400 17400 Use, Total 53067 54750 57625 57625 Ending Stocks 371 453 450 450 Avg. Price ($/s.t.) 2/ 451.91 384.11 310.00 310.00 ================================================================================ WASDE - 657 - 16 February 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 2123 2129 Production 2/ 9250 9311 9404 9370 Beet Sugar 5187 5172 5338 5353 Cane Sugar 4063 4139 4066 4017 Florida 1985 2077 2053 1997 Louisiana 2001 2022 2014 2020 Texas 76 40 0 0 Imports 3614 3811 2966 2893 TRQ 3/ 1862 1788 1629 1533 Other Program 4/ 141 272 200 200 Non-program 1611 1752 1138 1160 Mexico 1156 521 621 621 High-tier tariff/other 455 1231 517 539 Total Supply 14685 14965 14494 14393 Exports 82 249 100 100 Deliveries 12589 12506 12455 12380 Food 12473 12399 12350 12275 Other 5/ 116 106 105 105 Miscellaneous 171 81 0 0 Total Use 12843 12836 12555 12480 Ending Stocks 1843 2129 1939 1913 Stocks to Use Ratio 14.3 16.6 15.4 15.3 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Jan 835 4704 761 4436 446 1418 Feb 835 4704 761 4436 446 1418 2024/25 Proj. Jan 1418 5094 105 4630 1015 972 Feb 1418 4859 125 4583 857 962 ================================================================================ WASDE - 657 - 17 February 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jan Feb ================================================================================ Million Acres Planted 13.75 10.23 11.18 11.18 Harvested 7.29 6.44 8.27 8.27 Pounds Yield per Harvested Acre 953 899 836 836 Million 480 Pound Bales Beginning Stocks 4.60 4.65 3.15 3.15 Production 14.47 12.07 14.41 14.41 Imports 0.00 0.00 0.01 0.01 Supply, Total 19.07 16.72 17.57 17.57 Domestic Use 2.05 1.85 1.80 1.70 Exports, Total 12.45 11.75 11.00 11.00 Use, Total 14.50 13.60 12.80 12.70 Unaccounted 2/ -0.08 -0.03 -0.03 -0.03 Ending Stocks 4.65 3.15 4.80 4.90 Avg. Farm Price 3/ 84.8 76.1 65.0 63.5 ================================================================================ WASDE - 657 - 18 February 2025 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 273.96 789.89 213.31 152.82 789.58 221.75 274.27 World Less China 137.20 652.17 200.02 119.82 641.58 220.80 135.46 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 255.60 744.99 210.00 150.80 759.25 201.02 258.77 Major Exporters 4/ 41.53 335.89 13.36 73.90 180.94 162.31 47.55 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.83 4.37 Canada 4.17 34.81 0.55 3.15 8.29 25.62 5.63 European Union 5/ 13.63 134.49 12.23 45.00 109.00 35.08 16.27 Russia 12.09 92.00 0.30 18.00 41.00 49.00 14.39 Ukraine 6.27 21.50 0.08 3.00 7.80 17.12 2.93 Major Importers 6/ 172.98 206.13 133.96 50.69 320.46 15.13 177.48 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 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/ 12.72 17.26 29.68 1.67 46.72 0.77 12.17 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26 Southeast Asia 9/ 4.64 0.00 24.48 7.55 24.70 1.28 3.14 Selected Other India 19.50 104.00 0.04 6.50 108.67 5.38 9.50 Kazakhstan 1.48 16.40 4.00 1.80 6.80 10.87 4.21 United Kingdom 1.85 15.54 2.03 7.20 15.20 1.91 2.31 2023/24 Est. World 3/ 274.27 791.21 221.79 159.22 797.99 221.22 267.49 World Less China 135.46 654.62 208.16 122.22 644.49 220.18 132.99 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 258.77 742.11 218.03 156.91 767.83 201.98 248.54 Major Exporters 4/ 47.55 324.35 13.79 73.07 180.16 165.56 39.96 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.30 7.80 19.84 2.91 Canada 5.63 32.95 0.56 4.02 9.11 25.44 4.58 European Union 5/ 16.27 135.10 12.65 46.50 110.50 37.97 15.54 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 2.00 6.70 18.58 0.71 Major Importers 6/ 177.48 208.76 139.04 56.26 330.53 19.76 174.98 Bangladesh 0.83 1.10 6.70 0.25 7.55 0.00 1.08 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.64 37.00 153.50 1.04 134.50 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.17 16.37 31.32 1.63 46.78 2.00 11.09 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 12.26 20.81 20.07 3.13 39.74 0.65 12.74 Southeast Asia 9/ 3.14 0.00 30.60 9.90 27.96 1.30 4.47 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.21 12.11 2.50 2.50 7.55 7.83 3.45 United Kingdom 2.31 13.98 3.14 7.40 15.59 0.57 3.26 ================================================================================ WASDE - 657 - 19 February 2025 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jan 267.47 793.24 208.48 152.70 801.89 212.00 258.82 Feb 267.49 793.79 204.81 153.50 803.72 208.99 257.56 World Less China Jan 132.96 653.14 197.98 119.70 650.89 211.00 125.71 Feb 132.99 653.69 196.81 120.50 652.72 207.99 126.96 United States Jan 18.95 53.65 3.54 3.27 31.30 23.13 21.71 Feb 18.95 53.65 3.54 3.27 31.39 23.13 21.62 Total Foreign Jan 248.51 739.59 204.95 149.44 770.59 188.86 237.10 Feb 248.54 740.14 201.28 150.24 772.33 185.86 235.95 Major Exporters 4/ Jan 40.00 310.16 12.64 70.75 177.85 153.50 31.45 Feb 39.96 310.36 12.14 71.25 178.45 151.50 32.51 Argentina Jan 4.54 17.50 0.01 0.25 7.05 11.50 3.50 Feb 4.54 17.70 0.01 0.25 7.05 11.50 3.70 Australia Jan 2.91 32.00 0.20 4.00 7.50 25.00 2.61 Feb 2.91 32.00 0.20 4.00 7.50 25.00 2.61 Canada Jan 4.62 34.96 0.55 4.50 9.60 26.00 4.52 Feb 4.58 34.96 0.55 4.30 9.50 26.00 4.59 European Union 5/ Jan 15.54 121.30 11.50 44.50 108.75 29.00 10.59 Feb 15.54 121.30 11.00 45.00 109.25 28.00 10.59 Russia Jan 11.69 81.50 0.30 15.50 38.25 46.00 9.24 Feb 11.69 81.50 0.30 15.50 38.25 45.50 9.74 Ukraine Jan 0.71 22.90 0.08 2.00 6.70 16.00 0.99 Feb 0.71 22.90 0.08 2.20 6.90 15.50 1.29 Major Importers 6/ Jan 175.03 210.57 131.15 51.78 329.40 17.25 170.10 Feb 174.98 210.36 128.25 51.88 329.80 16.25 167.54 Bangladesh Jan 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Feb 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Brazil Jan 1.69 8.10 6.40 0.50 11.90 2.70 1.59 Feb 1.69 7.89 6.40 0.50 11.90 2.70 1.38 China Jan 134.50 140.10 10.50 33.00 151.00 1.00 133.10 Feb 134.50 140.10 8.00 33.00 151.00 1.00 130.60 Japan Jan 1.09 1.08 5.40 0.65 6.15 0.30 1.12 Feb 1.09 1.08 5.40 0.65 6.15 0.30 1.12 N. Africa 7/ Jan 11.09 16.01 32.40 1.45 46.70 2.10 10.70 Feb 11.09 16.01 32.50 1.45 46.80 2.10 10.70 Nigeria Jan 0.44 0.12 5.80 0.00 5.10 0.38 0.88 Feb 0.44 0.12 5.80 0.00 5.10 0.38 0.88 Sel. Mideast 8/ Jan 12.79 22.40 18.00 3.23 40.33 0.81 12.06 Feb 12.74 22.40 17.80 3.03 40.13 0.81 12.01 Southeast Asia 9/ Jan 4.47 0.00 30.05 10.00 28.78 1.28 4.47 Feb 4.47 0.00 30.25 10.20 28.98 1.28 4.47 India Jan 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Feb 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Kazakhstan Jan 3.45 18.00 0.50 3.00 8.10 10.00 3.85 Feb 3.45 18.58 0.50 3.20 8.30 10.00 4.22 United Kingdom Jan 3.26 11.05 3.20 6.50 14.50 0.50 2.51 Feb 3.26 11.05 3.50 6.60 14.80 0.50 2.51 ================================================================================ WASDE - 657 - 20 February 2025 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 341.80 1455.44 213.12 894.71 1460.64 220.35 336.60 World Less China 131.77 1169.55 180.50 664.26 1138.88 220.34 129.83 United States 37.48 356.45 3.24 142.36 314.97 45.06 37.14 Total Foreign 304.33 1098.99 209.88 752.34 1145.68 175.28 299.46 Major Exporters 4/ 30.45 332.36 4.55 138.87 190.93 145.87 30.57 Argentina 5.58 43.91 0.02 11.65 17.63 28.75 3.14 Australia 3.61 18.84 0.00 5.72 7.60 10.89 3.97 Brazil 4.57 143.49 1.98 67.35 84.99 54.28 10.77 Canada 3.71 30.54 2.16 17.12 24.73 7.96 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.60 8.92 29.92 3.95 Major Importers 5/ 38.35 229.52 135.96 272.76 353.83 13.00 37.01 European Union 6/ 18.65 133.10 25.49 111.39 149.60 11.10 16.53 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.94 33.88 20.27 32.88 52.75 0.05 5.30 N. Afr & Mideast 7/ 6.76 31.18 32.87 54.96 62.74 1.05 7.02 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.61 17.80 39.65 48.05 0.79 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.04 285.89 32.62 230.45 321.77 0.01 206.77 2023/24 Est. World 3/ 336.60 1506.51 242.24 927.15 1496.64 237.02 346.47 World Less China 129.83 1209.13 194.13 681.35 1157.94 237.01 132.91 United States 37.14 402.88 2.65 150.95 330.35 64.45 47.87 Total Foreign 299.46 1103.63 239.59 776.21 1166.30 172.57 298.59 Major Exporters 4/ 30.57 324.38 6.42 137.36 195.33 142.09 23.95 Argentina 3.14 58.37 0.02 11.92 18.03 39.32 4.18 Australia 3.97 14.44 0.00 5.25 7.13 9.68 1.61 Brazil 10.77 127.81 2.23 68.85 91.63 39.60 9.57 Canada 3.72 27.52 2.95 16.25 24.44 6.08 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.78 0.01 7.17 9.67 32.02 2.05 Major Importers 5/ 37.01 231.03 144.94 278.54 361.38 14.67 36.92 European Union 6/ 16.53 136.88 22.11 110.45 148.94 11.52 15.07 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.30 28.82 25.48 34.30 54.27 0.03 5.30 N. Afr & Mideast 7/ 7.02 34.01 37.52 59.77 68.16 2.52 7.88 Saudi Arabia 1.40 0.24 7.00 6.92 7.26 0.00 1.38 Southeast Asia 8/ 2.86 30.56 19.82 40.04 49.29 0.60 3.36 South Korea 1.91 0.16 11.67 9.30 11.78 0.00 1.96 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 ================================================================================ WASDE - 657 - 21 February 2025 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jan 348.48 1494.29 220.93 936.65 1522.78 230.10 319.99 Feb 346.47 1492.52 217.81 935.61 1521.84 225.85 317.14 World Less China Jan 134.93 1190.83 190.31 688.57 1182.40 230.08 112.75 Feb 132.91 1189.05 191.39 688.73 1182.66 225.83 112.90 United States Jan 47.87 390.86 2.38 150.83 331.25 68.03 41.84 Feb 47.87 390.86 2.34 151.47 332.52 66.76 41.79 Total Foreign Jan 300.61 1103.44 218.55 785.82 1191.54 162.07 278.15 Feb 298.59 1101.66 215.47 784.14 1189.32 159.09 275.35 Major Exporters 4/ Jan 25.83 321.57 4.98 140.20 199.24 137.08 16.07 Feb 23.95 319.66 4.98 138.68 198.07 134.41 16.12 Argentina Jan 5.23 60.29 0.01 14.23 20.44 41.20 3.88 Feb 4.18 59.39 0.01 12.73 18.94 40.70 3.93 Australia Jan 1.60 15.47 0.00 5.34 7.21 8.31 1.54 Feb 1.61 15.47 0.00 5.34 7.21 8.31 1.56 Brazil Jan 9.57 133.52 2.34 69.83 94.65 47.21 3.57 Feb 9.57 132.52 2.34 69.83 94.65 46.21 3.57 Canada Jan 3.68 27.52 2.35 16.74 24.75 5.73 3.07 Feb 3.68 27.52 2.35 16.33 24.64 5.73 3.18 Russia Jan 1.71 33.97 0.10 20.50 28.72 6.23 0.83 Feb 1.71 33.97 0.10 20.50 28.67 6.25 0.86 Ukraine Jan 2.89 33.24 0.02 6.61 9.10 25.58 1.47 Feb 2.05 33.24 0.02 6.90 9.40 24.59 1.33 Major Importers 5/ Jan 36.98 228.28 142.63 280.81 363.83 10.40 33.67 Feb 36.92 227.98 143.12 281.22 364.25 10.27 33.52 European Union 6/ Jan 15.13 136.11 21.05 110.64 149.25 9.04 14.00 Feb 15.07 136.11 21.02 110.84 149.45 8.81 13.95 Japan Jan 1.44 0.24 16.71 13.25 16.99 0.00 1.40 Feb 1.44 0.24 16.71 13.25 16.99 0.00 1.40 Mexico Jan 5.30 29.06 25.23 34.59 54.61 0.03 4.95 Feb 5.30 28.76 25.25 34.30 54.33 0.03 4.95 N. Afr & Mideast 7/ Jan 7.88 31.45 35.66 59.36 67.58 0.77 6.64 Feb 7.88 31.45 35.56 59.26 67.48 0.87 6.54 Saudi Arabia Jan 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Feb 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Southeast Asia 8/ Jan 3.36 30.91 20.41 41.90 51.25 0.56 2.86 Feb 3.36 30.91 21.01 42.50 51.85 0.56 2.85 South Korea Jan 1.96 0.16 11.60 9.33 11.82 0.00 1.91 Feb 1.96 0.16 11.60 9.33 11.82 0.00 1.91 China Jan 213.55 303.47 30.63 248.08 340.38 0.03 207.24 Feb 213.55 303.47 26.43 246.88 339.18 0.03 204.24 ================================================================================ WASDE - 657 - 22 February 2025 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 313.91 1163.33 173.40 735.11 1172.41 180.35 304.83 World Less China 104.77 886.13 154.69 517.11 873.41 180.34 98.79 United States 34.98 346.74 0.98 139.35 305.93 42.22 34.55 Total Foreign 278.94 816.59 172.42 595.76 866.48 138.13 270.28 Major Exporters 4/ 19.40 233.93 1.45 90.81 120.14 115.97 18.67 Argentina 4.75 37.00 0.02 10.00 14.20 25.24 2.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.61 13.24 3.44 2.41 Ukraine 7.80 27.00 0.02 3.80 4.70 27.12 3.00 Major Importers 5/ 23.45 118.65 95.26 157.41 211.61 5.04 20.72 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.36 52.38 23.19 55.50 74.70 4.20 8.02 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.18 28.08 19.39 27.50 46.00 0.05 4.59 Southeast Asia 7/ 3.30 30.56 16.25 38.31 46.46 0.79 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.11 9.55 14.90 2.87 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 304.83 1230.07 197.33 772.84 1219.09 193.25 315.81 World Less China 98.79 941.22 173.92 547.84 912.09 193.25 104.52 United States 34.55 389.67 0.72 147.47 321.92 58.23 44.79 Total Foreign 270.28 840.40 196.61 625.37 897.16 135.02 271.01 Major Exporters 4/ 18.67 234.50 2.18 93.50 128.10 112.69 14.56 Argentina 2.32 50.00 0.02 10.00 14.25 35.00 3.09 Brazil 10.04 122.00 1.30 63.50 85.00 39.50 8.84 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.40 0.80 6.90 13.70 2.10 0.81 Ukraine 3.00 32.50 0.01 4.00 4.95 29.49 1.07 Major Importers 5/ 20.72 123.29 103.33 166.05 221.80 5.02 20.52 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.87 19.83 58.30 78.10 4.39 7.24 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.59 23.50 24.76 29.50 48.10 0.03 4.72 Southeast Asia 7/ 2.85 30.51 19.29 39.70 48.70 0.60 3.35 South Korea 1.90 0.09 11.55 9.25 11.60 0.00 1.94 Selected Other Canada 1.63 15.42 2.81 9.79 15.80 2.07 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 ================================================================================ WASDE - 657 - 23 February 2025 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jan 317.46 1214.35 183.15 778.33 1238.47 191.41 293.34 Feb 315.81 1212.47 181.16 777.50 1237.96 189.23 290.31 World Less China Jan 106.18 919.43 170.15 547.33 925.47 191.39 87.16 Feb 104.52 917.55 171.16 546.50 924.96 189.21 87.13 United States Jan 44.79 377.63 0.64 146.69 321.71 62.23 39.12 Feb 44.79 377.63 0.64 146.69 321.71 62.23 39.12 Total Foreign Jan 272.67 836.71 182.52 631.64 916.76 129.18 254.22 Feb 271.01 834.84 180.52 630.81 916.26 127.00 251.19 Major Exporters 4/ Jan 16.06 234.75 1.58 95.60 132.25 112.10 8.04 Feb 14.56 232.75 1.58 94.20 130.95 109.90 8.04 Argentina Jan 4.09 51.00 0.01 12.00 16.30 36.00 2.79 Feb 3.09 50.00 0.01 10.00 14.30 36.00 2.79 Brazil Jan 8.84 127.00 1.50 64.00 87.50 47.00 2.84 Feb 8.84 126.00 1.50 64.00 87.50 46.00 2.84 Russia Jan 0.76 13.25 0.05 9.30 10.40 3.30 0.36 Feb 0.76 13.25 0.05 9.30 10.40 3.30 0.36 South Africa Jan 0.81 17.00 0.00 6.80 13.60 2.80 1.41 Feb 0.81 17.00 0.00 6.90 13.80 2.60 1.41 Ukraine Jan 1.57 26.50 0.02 3.50 4.45 23.00 0.64 Feb 1.07 26.50 0.02 4.00 4.95 22.00 0.64 Major Importers 5/ Jan 20.57 119.77 103.30 165.80 221.70 3.09 18.85 Feb 20.52 119.77 103.90 166.40 222.30 3.09 18.79 Egypt Jan 1.43 7.00 8.20 12.80 15.30 0.00 1.33 Feb 1.43 7.00 8.20 12.80 15.30 0.00 1.33 European Union 6/ Jan 7.29 58.00 19.50 56.00 75.70 2.50 6.59 Feb 7.24 58.00 19.50 56.00 75.70 2.50 6.54 Japan Jan 1.30 0.02 15.30 12.00 15.35 0.00 1.27 Feb 1.30 0.02 15.30 12.00 15.35 0.00 1.27 Mexico Jan 4.72 23.70 24.50 29.80 48.50 0.03 4.39 Feb 4.72 23.70 24.50 29.80 48.50 0.03 4.39 Southeast Asia 7/ Jan 3.35 30.86 19.60 41.30 50.40 0.56 2.85 Feb 3.35 30.86 20.20 41.90 51.00 0.56 2.85 South Korea Jan 1.94 0.10 11.50 9.30 11.65 0.00 1.89 Feb 1.94 0.10 11.50 9.30 11.65 0.00 1.89 Canada Jan 2.00 15.35 2.20 10.00 15.60 2.10 1.84 Feb 2.00 15.35 2.20 9.60 15.50 2.10 1.94 China Jan 211.29 294.92 13.00 231.00 313.00 0.02 206.18 Feb 211.29 294.92 10.00 231.00 313.00 0.02 203.18 ================================================================================ WASDE - 657 - 24 February 2025 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2022/23 World 3/ 184.19 516.67 57.33 520.21 55.09 180.66 World Less China 71.19 370.73 52.94 365.22 53.36 74.06 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.93 511.59 56.06 515.61 53.04 179.69 Major Exporters 4/ 45.49 202.93 3.31 163.34 42.54 45.85 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.32 0.01 3.93 3.76 2.02 Thailand 4.43 20.91 0.05 12.30 8.74 4.35 Vietnam 3.61 27.14 3.25 22.40 8.23 3.37 Major Importers 5/ 125.49 238.82 23.42 263.79 2.16 121.77 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.32 3.30 0.39 0.83 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.41 2.28 7.50 0.00 2.23 Philippines 3.10 12.63 3.75 16.10 0.00 3.38 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.51 1.53 1.98 3.35 0.05 0.62 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.88 0.06 1.43 2023/24 Est. World 3/ 180.66 522.31 53.39 523.48 56.88 179.48 World Less China 74.06 377.69 51.86 375.36 55.25 76.48 United States 0.96 6.92 1.42 4.92 3.12 1.27 Total Foreign 179.69 515.38 51.97 518.56 53.77 178.22 Major Exporters 4/ 45.85 205.89 3.91 164.90 42.69 48.07 Burma 1.11 11.90 0.00 9.80 2.80 0.41 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.02 9.87 0.01 4.00 6.54 1.35 Thailand 4.35 20.00 0.10 12.30 9.89 2.26 Vietnam 3.37 26.30 3.80 22.40 9.04 2.04 Major Importers 5/ 121.77 237.33 20.71 258.64 2.02 119.14 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.44 2.11 3.25 0.36 0.76 Indonesia 4.70 33.02 4.60 36.20 0.00 6.12 Nigeria 2.23 5.61 1.89 7.55 0.00 2.17 Philippines 3.38 12.33 4.50 16.60 0.00 3.60 Sel. Mideast 7/ 1.27 2.02 4.61 6.58 0.00 1.32 Selected Other Brazil 0.62 7.20 1.00 7.15 1.00 0.67 C. Amer & Carib 8/ 0.62 1.51 1.85 3.24 0.06 0.68 Egypt 0.60 3.78 0.18 4.05 0.01 0.51 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.09 0.15 0.85 0.99 0.01 0.09 South Korea 1.43 3.70 0.40 4.15 0.13 1.25 ================================================================================ WASDE - 657 - 25 February 2025 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jan 179.50 532.87 54.06 530.24 57.91 182.13 Feb 179.48 532.67 54.86 530.52 58.32 181.63 World Less China Jan 76.50 387.59 52.36 384.77 56.91 78.63 Feb 76.48 387.39 52.76 384.65 57.32 78.13 United States Jan 1.27 7.05 1.48 5.24 3.18 1.38 Feb 1.27 7.05 1.49 5.27 3.05 1.49 Total Foreign Jan 178.23 525.81 52.59 525.00 54.74 180.74 Feb 178.22 525.61 53.37 525.25 55.27 180.13 Major Exporters 4/ Jan 48.08 213.45 3.51 169.80 43.70 51.54 Feb 48.07 213.45 3.51 169.80 44.20 51.02 Burma Jan 0.51 11.85 0.01 10.00 1.50 0.87 Feb 0.41 11.85 0.01 10.00 1.50 0.77 India Jan 42.00 145.00 0.00 121.00 21.50 44.50 Feb 42.00 145.00 0.00 121.00 22.00 44.00 Pakistan Jan 1.35 10.00 0.00 4.10 5.70 1.55 Feb 1.35 10.00 0.00 4.10 5.70 1.55 Thailand Jan 2.15 20.10 0.10 12.30 7.50 2.55 Feb 2.26 20.10 0.10 12.30 7.50 2.66 Vietnam Jan 2.07 26.50 3.40 22.40 7.50 2.07 Feb 2.04 26.50 3.40 22.40 7.50 2.04 Major Importers 5/ Jan 118.90 238.35 19.50 257.60 1.45 117.70 Feb 119.14 238.35 20.00 258.10 1.45 117.95 China Jan 103.00 145.28 1.70 145.48 1.00 103.50 Feb 103.00 145.28 2.10 145.88 1.00 103.50 European Union 6/ Jan 0.76 1.67 2.20 3.35 0.40 0.88 Feb 0.76 1.67 2.20 3.35 0.40 0.88 Indonesia Jan 5.87 34.00 1.00 36.60 0.00 4.27 Feb 6.12 34.00 1.00 36.70 0.00 4.42 Nigeria Jan 2.17 5.23 2.40 7.60 0.00 2.20 Feb 2.17 5.23 2.40 7.60 0.00 2.20 Philippines Jan 3.60 12.00 5.30 17.20 0.00 3.70 Feb 3.60 12.00 5.30 17.20 0.00 3.70 Sel. Mideast 7/ Jan 1.32 2.28 4.70 6.93 0.00 1.37 Feb 1.32 2.28 4.70 6.93 0.00 1.37 Brazil Jan 0.67 8.00 0.90 7.25 1.30 1.02 Feb 0.67 8.00 0.90 7.25 1.30 1.02 C. Amer & Carib 8/ Jan 0.68 1.51 2.04 3.43 0.06 0.75 Feb 0.68 1.51 2.04 3.43 0.06 0.74 Egypt Jan 0.51 3.90 0.20 4.10 0.01 0.50 Feb 0.51 3.90 0.18 4.10 0.01 0.48 Japan Jan 1.60 7.35 0.69 8.00 0.09 1.55 Feb 1.60 7.35 0.72 8.00 0.09 1.58 Mexico Jan 0.10 0.16 0.86 1.01 0.01 0.11 Feb 0.09 0.16 0.86 1.01 0.01 0.10 South Korea Jan 1.25 3.59 0.44 3.95 0.13 1.20 Feb 1.25 3.59 0.44 3.95 0.17 1.15 ================================================================================ WASDE - 657 - 26 February 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2022/23 World 70.88 116.30 37.74 112.64 36.65 -0.27 75.90 World Less China 36.72 85.55 31.51 74.94 36.55 -0.27 42.55 United States 4.60 14.47 3/ 2.05 12.45 -0.08 4.65 Total Foreign 66.28 101.83 37.74 110.59 24.20 -0.19 71.25 Major Exporters 4/ 21.76 55.72 2.47 32.81 20.05 -0.20 27.28 Central Asia 5/ 2.73 5.50 0.10 3.53 1.12 0.00 3.69 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.50 1.10 0.00 10.82 Major Importers 8/ 42.77 42.93 32.86 73.77 3.01 0.02 41.77 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 34.17 30.75 6.23 37.70 0.09 0.00 33.36 European Union 9/ 0.30 1.64 0.52 0.56 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 2023/24 Est. World 75.90 112.98 44.01 114.78 44.61 -0.21 73.71 World Less China 42.55 85.63 29.03 75.88 44.54 -0.21 37.00 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.25 100.92 44.00 112.93 32.86 -0.18 70.56 Major Exporters 4/ 27.28 57.96 1.58 34.35 28.29 -0.18 24.35 Central Asia 5/ 3.69 5.03 0.05 3.89 1.67 0.00 3.20 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.34 22.03 0.15 4.22 19.25 -0.18 10.22 Australia 4.78 5.00 3/ 0.01 5.74 -0.18 4.20 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.62 39.96 74.50 2.99 0.00 43.87 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.90 0.06 0.00 36.72 European Union 9/ 0.39 1.04 0.48 0.51 1.14 0.00 0.26 Turkey 2.63 3.20 3.57 6.60 1.39 0.00 1.41 Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85 Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40 Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09 Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71 Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03 ================================================================================ WASDE - 657 - 27 February 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2024/25 Proj. World Jan 74.16 119.45 42.45 115.89 42.48 -0.22 77.91 Feb 73.71 120.46 42.47 115.95 42.51 -0.22 78.41 World Less China Jan 37.05 89.45 34.45 78.39 42.38 -0.22 40.39 Feb 37.00 89.46 35.17 78.45 42.41 -0.22 40.99 United States Jan 3.15 14.41 0.01 1.80 11.00 -0.03 4.80 Feb 3.15 14.41 0.01 1.70 11.00 -0.03 4.90 Total Foreign Jan 71.01 105.03 42.45 114.09 31.48 -0.19 73.11 Feb 70.56 106.05 42.47 114.25 31.51 -0.19 73.51 Major Exporters 4/ Jan 24.40 60.22 3.37 35.17 27.42 -0.19 25.60 Feb 24.35 60.23 3.37 34.67 27.44 -0.19 26.04 Central Asia 5/ Jan 3.25 5.17 0.10 4.07 1.39 0.00 3.07 Feb 3.20 5.14 0.10 4.07 1.41 0.00 2.96 Afr. Fr. Zone 6/ Jan 1.29 4.71 3/ 0.10 4.58 0.00 1.33 Feb 1.29 4.71 3/ 0.10 4.58 0.00 1.33 S. Hemis. 7/ Jan 10.22 24.76 0.15 4.36 19.56 -0.19 11.40 Feb 10.22 24.81 0.15 4.36 19.56 -0.19 11.45 Australia Jan 4.20 5.40 3/ 0.01 5.50 -0.19 4.28 Feb 4.20 5.40 3/ 0.01 5.50 -0.19 4.28 Brazil Jan 3.11 16.90 0.01 3.30 12.80 0.00 3.92 Feb 3.11 17.00 0.01 3.30 12.80 0.00 4.02 India Jan 9.30 25.00 2.60 26.00 1.40 0.00 9.50 Feb 9.30 25.00 2.60 25.50 1.40 0.00 10.00 Major Importers 8/ Jan 44.27 41.44 36.33 74.56 2.32 0.00 45.16 Feb 43.87 42.44 36.28 75.11 2.37 0.00 45.11 Mexico Jan 0.24 0.83 0.83 1.50 0.15 0.00 0.24 Feb 0.24 0.83 0.78 1.45 0.15 0.00 0.24 China Jan 37.12 30.00 8.00 37.50 0.10 0.00 37.52 Feb 36.72 31.00 7.30 37.50 0.10 0.00 37.42 European Union 9/ Jan 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Feb 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Turkey Jan 1.41 4.00 4.20 7.00 0.80 0.00 1.81 Feb 1.41 4.00 4.20 7.00 0.85 0.00 1.76 Pakistan Jan 1.85 5.20 4.80 9.90 0.05 0.00 1.90 Feb 1.85 5.20 5.00 10.00 0.05 0.00 2.00 Indonesia Jan 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Feb 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Jan 0.09 3/ 0.43 0.44 0.00 0.00 0.08 Feb 0.09 3/ 0.43 0.44 0.00 0.00 0.08 Bangladesh Jan 1.71 0.15 7.80 7.90 0.00 0.00 1.76 Feb 1.71 0.15 8.00 8.10 0.00 0.00 1.76 Vietnam Jan 1.03 3/ 7.10 7.10 0.00 0.00 1.04 Feb 1.03 3/ 7.40 7.40 0.00 0.00 1.04 ================================================================================ WASDE - 657 - 28 February 2025 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2022/23 World 2/ 92.90 378.16 168.60 315.62 366.67 171.75 101.24 World Less China 67.76 357.88 64.10 219.62 249.17 171.66 68.90 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.43 261.94 167.94 255.42 303.38 117.88 94.05 Major Exporters 3/ 51.49 197.95 9.25 87.23 97.45 106.96 54.28 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.25 0.01 3.45 3.58 6.50 0.37 Major Importers 4/ 27.78 23.80 135.63 123.45 152.37 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.13 14.30 15.87 0.23 1.08 Southeast Asia 5/ 0.64 0.49 8.23 3.90 8.66 0.01 0.68 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 101.24 394.97 178.11 331.24 384.31 177.51 112.49 World Less China 68.90 374.13 66.11 232.24 262.51 177.44 69.18 United States 7.19 113.27 0.57 62.24 65.58 46.13 9.32 Total Foreign 94.05 281.69 177.55 269.00 318.73 131.38 103.18 Major Exporters 3/ 54.28 215.50 8.68 94.38 105.73 120.22 52.51 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 153.00 0.87 54.70 58.55 104.17 27.97 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 34.51 24.69 144.12 126.75 157.27 0.35 45.71 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.08 2.95 13.46 14.50 16.12 0.25 1.12 Southeast Asia 5/ 0.68 0.47 9.10 4.37 9.40 0.02 0.84 Mexico 0.22 0.19 6.46 6.53 6.59 0.01 0.27 2024/25 Proj. World 2/ Jan 112.38 424.26 179.24 349.29 405.53 181.97 128.37 Feb 112.49 420.76 179.24 349.89 406.18 181.98 124.34 World Less China Jan 69.07 403.61 70.24 246.29 278.63 181.87 82.41 Feb 69.18 400.11 70.24 246.89 279.28 181.88 78.38 United States Jan 9.32 118.84 0.54 65.59 68.70 49.67 10.34 Feb 9.32 118.84 0.54 65.59 68.70 49.67 10.34 Total Foreign Jan 103.06 305.42 178.69 283.70 336.84 132.31 118.03 Feb 103.18 301.93 178.69 284.30 337.48 132.31 114.00 Major Exporters 3/ Jan 52.41 235.30 6.18 99.60 111.63 120.10 62.17 Feb 52.51 231.80 6.18 100.20 112.23 120.10 58.17 Argentina Jan 24.05 52.00 6.00 41.00 48.60 4.50 28.95 Feb 24.05 49.00 6.00 41.00 48.60 4.50 25.95 Brazil Jan 27.97 169.00 0.15 55.00 59.10 105.50 32.52 Feb 27.97 169.00 0.15 56.00 60.10 105.50 31.52 Paraguay Jan 0.19 11.20 0.02 3.50 3.68 7.30 0.43 Feb 0.29 10.70 0.02 3.10 3.28 7.30 0.43 Major Importers 4/ Jan 45.67 24.42 143.52 132.22 164.07 0.42 49.12 Feb 45.71 24.42 143.52 132.22 164.11 0.42 49.12 China Jan 43.31 20.65 109.00 103.00 126.90 0.10 45.96 Feb 43.31 20.65 109.00 103.00 126.90 0.10 45.96 European Union Jan 1.12 2.85 14.60 15.20 16.97 0.30 1.30 Feb 1.12 2.85 14.60 15.20 16.97 0.30 1.30 Southeast Asia 5/ Jan 0.80 0.46 9.87 4.83 9.91 0.01 1.20 Feb 0.84 0.46 9.87 4.83 9.96 0.01 1.19 Mexico Jan 0.27 0.21 6.70 6.65 6.71 0.00 0.47 Feb 0.27 0.21 6.70 6.65 6.71 0.00 0.47 ================================================================================ WASDE - 657 - 29 February 2025 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 16.46 247.91 63.29 247.32 67.06 13.28 World Less China 15.75 171.88 63.25 172.27 66.27 12.34 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 16.18 200.29 62.71 212.38 53.86 12.94 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.97 5.65 Argentina 2.80 23.65 0.07 3.45 20.76 2.30 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.25 21.55 36.68 57.95 0.98 1.55 European Union 0.60 11.30 16.00 26.74 0.74 0.41 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.41 3.04 17.47 20.73 0.24 0.96 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.28 260.10 69.67 254.29 74.42 14.34 World Less China 12.34 181.69 69.64 177.14 72.99 13.54 United States 0.34 49.12 0.62 35.06 14.61 0.41 Total Foreign 12.94 210.98 69.05 219.23 59.81 13.93 Major Exporters 3/ 5.65 79.69 0.05 30.53 49.58 5.28 Argentina 2.30 28.54 0.00 3.45 24.89 2.49 Brazil 3.15 42.12 0.02 20.00 22.72 2.57 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.55 21.79 38.45 58.69 0.87 2.23 European Union 0.41 11.46 16.54 26.94 0.65 0.81 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.96 3.41 18.16 21.09 0.22 1.22 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Proj. World 2/ Jan 14.32 274.11 72.21 267.98 75.67 16.99 Feb 14.34 274.58 73.01 268.75 76.32 16.85 World Less China Jan 13.52 192.54 72.16 187.43 74.67 16.12 Feb 13.54 193.00 72.96 188.20 75.32 15.98 United States Jan 0.41 51.66 0.61 36.49 15.79 0.41 Feb 0.41 51.66 0.61 36.49 15.79 0.41 Total Foreign Jan 13.90 222.45 71.59 231.48 59.89 16.58 Feb 13.93 222.92 72.39 232.26 60.54 16.45 Major Exporters 3/ Jan 5.28 83.13 0.07 32.25 50.10 6.13 Feb 5.28 83.90 0.07 32.25 51.10 5.90 Argentina Jan 2.49 31.98 0.01 3.53 28.00 2.96 Feb 2.49 31.98 0.01 3.53 28.00 2.96 Brazil Jan 2.57 42.35 0.01 21.00 21.00 2.93 Feb 2.57 43.12 0.01 21.00 22.00 2.70 India Jan 0.22 8.80 0.05 7.73 1.10 0.25 Feb 0.22 8.80 0.05 7.73 1.10 0.25 Major Importers 4/ Jan 2.23 22.93 40.33 61.61 1.19 2.68 Feb 2.23 22.93 40.33 61.61 1.19 2.69 European Union Jan 0.81 12.01 16.60 27.69 0.90 0.82 Feb 0.81 12.01 16.60 27.69 0.90 0.82 Mexico Jan 0.16 5.26 2.20 7.33 0.00 0.28 Feb 0.16 5.26 2.20 7.33 0.00 0.28 Southeast Asia 5/ Jan 1.21 3.77 19.73 22.90 0.29 1.51 Feb 1.22 3.77 19.73 22.90 0.29 1.52 China Jan 0.79 81.58 0.05 80.55 1.00 0.87 Feb 0.79 81.58 0.05 80.55 1.00 0.87 ================================================================================ WASDE - 657 - 30 February 2025 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 5.14 59.67 10.89 58.90 11.75 5.05 World Less China 4.76 42.47 10.50 41.90 11.64 4.18 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.24 47.77 10.72 46.83 11.58 4.33 Major Exporters 3/ 2.05 19.94 0.67 12.91 8.26 1.49 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.56 2.72 0.64 2.41 0.92 0.60 Major Importers 4/ 0.83 20.09 6.28 25.34 0.19 1.69 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/ 0.24 0.74 1.24 1.95 0.07 0.20 2023/24 Est. World 2/ 5.05 62.80 10.58 61.22 11.82 5.40 World Less China 4.18 45.06 10.20 43.07 11.72 4.66 United States 0.73 12.31 0.28 12.36 0.28 0.68 Total Foreign 4.33 50.49 10.30 48.86 11.54 4.72 Major Exporters 3/ 1.49 21.52 0.68 13.87 8.04 1.78 Argentina 0.32 7.25 0.00 1.71 5.53 0.33 Brazil 0.49 10.94 0.08 9.45 1.35 0.71 European Union 0.60 2.76 0.59 2.63 0.66 0.66 Major Importers 4/ 1.69 21.07 5.33 26.12 0.26 1.71 China 0.87 17.74 0.38 18.15 0.10 0.74 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.20 0.93 1.07 1.86 0.14 0.19 2024/25 Proj. World 2/ Jan 5.35 66.25 12.13 65.74 12.88 5.11 Feb 5.40 66.37 12.13 65.94 12.85 5.11 World Less China Jan 4.61 47.79 11.63 46.84 12.78 4.41 Feb 4.66 47.91 11.63 47.04 12.75 4.41 United States Jan 0.68 13.01 0.25 12.52 0.73 0.69 Feb 0.68 13.01 0.25 12.52 0.73 0.69 Total Foreign Jan 4.67 53.24 11.88 53.22 12.15 4.42 Feb 4.72 53.36 11.88 53.42 12.12 4.42 Major Exporters 3/ Jan 1.73 22.68 0.70 14.82 8.88 1.41 Feb 1.78 22.80 0.70 15.02 8.85 1.41 Argentina Jan 0.33 8.13 0.01 2.36 5.80 0.30 Feb 0.33 8.13 0.01 2.36 5.80 0.30 Brazil Jan 0.71 11.00 0.04 9.73 1.55 0.48 Feb 0.71 11.20 0.04 9.93 1.55 0.48 European Union Jan 0.66 2.89 0.65 2.66 0.95 0.59 Feb 0.66 2.89 0.65 2.66 0.95 0.59 Major Importers 4/ Jan 1.71 21.93 6.20 28.12 0.21 1.52 Feb 1.71 21.93 6.20 28.12 0.21 1.52 China Jan 0.74 18.46 0.50 18.90 0.10 0.70 Feb 0.74 18.46 0.50 18.90 0.10 0.70 India Jan 0.75 1.98 3.80 6.00 0.02 0.51 Feb 0.75 1.98 3.80 6.00 0.02 0.51 North Africa 5/ Jan 0.19 1.10 1.25 2.20 0.08 0.27 Feb 0.19 1.10 1.25 2.20 0.08 0.27 ================================================================================ WASDE - 657 - 31 February 2025 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2023 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2266 57.0 II 6766 6714 13523 11654 1306 13105 26628 2240 57.4 III 6780 6775 13597 12003 1282 13435 27032 2249 56.1 IV 6883 7207 14133 11901 1264 13295 27428 2272 55.5 Jan Est. 26985 27788 54947 46987 5117 52669 107616 9006 225.8 Feb Est. 26988 27790 54951 46988 5121 52669 107620 9027 225.9 2025 I* 6600 7125 13768 11675 1215 13025 26793 2150 56.6 II* 6710 6875 13628 11825 1230 13195 26823 2195 57.8 III* 6645 7010 13698 12125 1250 13525 27223 2280 56.5 IV* 6610 7520 14173 12000 1275 13420 27593 2335 56.1 JanProj. 25790 28510 54473 47625 5100 53310 107783 9140 227.2 FebProj. 26565 28530 55266 47625 4970 53165 108431 8960 226.9 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II 188.42 65.53 132.1 95.7 227.1 21.77 III 189.26 63.71 127.4 93.3 317.2 23.97 IV 189.75 62.03 130.0 93.6 409.5 24.23 Jan Est. 187.12 61.56 129.4 93.6 303.1 22.60 Feb Est. 187.12 61.56 129.4 93.7 303.1 22.61 2025 I* 205.00 62.00 131.0 90.0 725.0 23.50 II* 200.00 66.00 134.0 96.0 425.0 22.30 III* 198.00 70.00 131.0 98.0 300.0 21.90 IV* 200.00 56.00 131.0 102.0 325.0 22.80 JanProj. 196.0 63.0 132.0 99.0 294.0 23.05 FebProj. 201.0 64.0 132.0 97.0 444.0 22.60 ================================================================================ WASDE - 657 - 32 February 2025 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2023 723 27034 3725 31482 3038 638 27807 58.1 2024 Est. Jan 638 27052 4618 32307 2995 620 28692 59.6 Feb 638 27055 4635 32328 3003 607 28717 59.7 2025 Proj. Jan 620 25857 4770 31247 2595 580 28072 58.0 Feb 607 26632 4770 32009 2795 590 28624 59.1 Pork 2023 504 27318 1142 28965 6824 471 21670 50.2 2024 Est. Jan 471 27803 1147 29422 7108 435 21879 50.4 Feb 471 27805 1148 29424 7115 440 21869 50.4 2025 Proj. Jan 435 28525 1140 30100 7325 430 22345 51.2 Feb 440 28545 1170 30156 7295 430 22431 51.4 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 109.5 2024 Est. Jan 1130 55039 6127 62295 10108 1079 51109 111.4 Feb 1130 55043 6148 62321 10123 1068 51130 111.4 2025 Proj. Jan 1079 54564 6275 61918 9925 1031 50962 110.6 Feb 1068 55357 6305 62730 10095 1041 51594 111.9 Broiler 2023 892 45890 131 46914 7260 835 38819 99.5 2024 Est. Jan 835 46484 147 47466 6737 785 39945 101.8 Feb 835 46485 150 47470 6724 763 39983 101.9 2025 Proj. Jan 785 47115 140 48040 6735 790 40515 102.7 Feb 763 47115 140 48018 6605 760 40653 103.1 Turkey 2023 190 5457 35 5682 490 243 4949 14.8 2024 Est. Jan 243 5117 37 5398 487 210 4701 14.0 Feb 243 5121 37 5401 486 220 4694 13.9 2025 Proj. Jan 210 5100 40 5350 495 210 4645 13.7 Feb 220 4970 40 5230 465 210 4555 13.4 Total Poultry6/ 2023 1087 51934 170 53192 7770 1085 44337 115.9 2024 Est. Jan 1085 52165 189 53439 7244 1000 45196 117.4 Feb 1085 52165 190 53441 7231 988 45222 117.5 2025 Proj. Jan 1000 52800 186 53985 7246 1006 45733 118.1 Feb 988 52655 184 53826 7084 976 45766 118.2 RedMeat& Poultry 2023 2343 106474 5323 114140 17637 2215 94287 225.4 2024 Est. Jan 2215 107204 6316 115735 17352 2078 96305 228.8 Feb 2215 107208 6338 115762 17354 2056 96352 228.9 2025 Proj. Jan 2078 107364 6461 115903 17171 2037 96695 228.7 Feb 2056 108012 6489 116557 17179 2017 97361 230.1 ================================================================================ WASDE - 657 - 33 February 2025 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024 Est. 2024 Est. 2025Proj. 2025Proj. Commodity Jan Feb Jan Feb ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 19.0 14.3 Production 9116.6 9142.4 9005.6 9027.3 9140.0 8960.0 Imports 26.0 27.5 29.1 29.8 30.0 32.0 Total Supply 9161.7 9188.6 9057.8 9080.2 9189.0 9006.3 Use Exports 226.6 250.5 233.5 234.4 243.0 209.0 Hatching Use 1117.3 1112.5 1142.3 1144.1 1135.0 1135.0 Ending Stocks 18.8 23.1 19.0 14.3 22.0 20.0 Disappearance Total 7799.1 7802.6 7663.0 7687.5 7789.0 7642.3 Per Capita (number) 280.6 279.3 272.9 273.8 275.9 270.7 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024 Est. 2024 Est. 2025Proj. 2025Proj. Commodity Jan Feb Jan Feb ================================================================================ Billion Pounds Milk Production 226.4 226.4 225.8 225.9 227.2 226.9 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.2 13.2 Marketings 225.4 225.4 224.8 224.9 226.2 225.9 Imports 7.1 7.4 9.5 9.1 9.3 8.9 Total Supply 246.8 247.1 248.0 247.8 248.8 248.0 FatBasisUse Exports 12.8 10.5 11.8 11.8 11.9 11.8 Ending Stocks 14.4 13.8 13.2 13.2 13.1 13.2 Domestic Use 219.6 222.9 223.0 222.7 223.8 223.0 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 9.9 10.0 Marketings 225.4 225.4 224.8 224.9 226.2 225.9 Imports 6.7 6.3 6.8 6.8 7.3 7.2 Total Supply 243.2 243.3 241.5 241.6 243.4 243.0 Skim-solidBasisUse Exports 52.9 49.9 49.1 48.8 49.1 48.7 Ending Stocks 11.7 9.9 9.9 10.0 10.3 10.3 Domestic Use 178.7 183.6 182.4 182.8 184.1 184.0 ================================================================================ WASDE - 657 - 34 February 2025 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Est. 2024 Est. 2025 Proj. 2025 Proj. ity Jan Feb Jan Feb ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.8634 1.8634 1.865 1.880 Butter 2.8665 2.6170 2.8870 2.8870 2.695 2.645 Nonfat Dry Milk 1.6851 1.1856 1.2420 1.2420 1.340 1.295 Dry Whey 0.6057 0.3618 0.4913 0.4913 0.640 0.605 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 18.89 18.89 19.70 19.10 Class IV 24.47 19.12 20.75 20.75 20.80 19.70 All Milk 3/ 25.34 20.34 22.60 22.61 23.05 22.60 ================================================================================ WASDE - 657 - 35 February 2025 Reliability of February Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 0.6 0.9 2.6 0.0 7.3 33 10 U.S. 0.2 0.3 0.1 0.0 0.3 19 12 Foreign 0.6 1.1 2.6 0.0 7.3 33 10 Exports World 4.6 7.8 5.1 0.1 18.8 32 11 U.S. 3.9 6.5 1.0 0.0 3.0 20 22 Foreign 5.6 9.4 5.0 0.5 18.4 36 7 Domestic Use World 1.0 1.7 4.8 0.1 15.6 21 22 U.S. 3.7 6.3 0.9 0.0 2.4 13 29 Foreign 1.0 1.8 4.6 0.1 15.1 25 18 Ending Stocks World 4.5 7.6 6.0 0.1 18.2 29 14 U.S. 8.1 13.6 1.3 0.0 4.5 31 12 Foreign 4.9 8.3 5.3 0.2 17.0 27 16 COARSE GRAINS 2/ Production World 1.3 2.1 10.9 0.0 36.3 34 9 U.S. 0.2 0.3 0.2 0.0 1.8 18 12 Foreign 1.8 3.0 11.0 0.0 36.3 32 10 Exports World 5.6 9.4 5.6 0.5 27.7 31 12 U.S. 10.3 17.4 4.1 0.1 12.2 23 20 Foreign 9.3 15.7 5.8 0.1 23.4 29 14 Domestic Use World 1.0 1.8 7.6 0.0 31.3 23 20 U.S. 2.8 4.7 3.9 0.0 17.3 17 25 Foreign 1.2 2.1 7.7 0.5 33.0 26 17 Ending Stocks World 10.4 17.5 14.0 0.2 139.8 37 6 U.S. 14.0 23.6 5.1 0.0 18.5 22 21 Foreign 12.8 21.6 12.2 0.8 144.0 38 5 RICE, milled Production World 1.5 2.6 4.6 0.1 14.0 34 9 U.S. 1.4 2.3 0.0 0.0 0.3 12 6 Foreign 1.6 2.6 4.6 0.1 14.0 34 9 Exports World 8.3 13.9 1.7 0.0 5.2 32 11 U.S. 7.5 12.6 0.2 0.0 0.6 22 19 Foreign 9.2 15.4 1.6 0.0 5.3 31 12 Domestic Use World 1.2 2.1 3.4 0.2 13.3 28 15 U.S. 6.9 11.7 0.2 0.0 0.5 18 25 Foreign 1.3 2.1 3.4 0.1 13.0 28 15 Ending Stocks World 8.8 14.8 5.3 0.2 27.0 34 9 U.S. 18.2 30.6 0.2 0.0 0.5 22 20 Foreign 9.0 15.2 5.3 0.0 26.9 34 8 ================================================================================ WASDE - 657 - 36 February 2025 Reliability of February Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 2.7 4.5 4.6 0.4 15.3 23 20 U.S. 1.3 2.2 0.7 0.0 3.2 18 19 Foreign 4.4 7.5 4.5 0.3 14.9 25 18 Exports World 6.0 10.2 3.4 0.1 13.2 28 15 U.S. 7.0 11.8 1.7 0.1 6.7 28 15 Foreign 14.9 25.0 3.2 0.0 17.2 21 22 Domestic Use World 2.2 3.7 3.4 0.0 12.3 22 21 U.S. 2.9 4.9 1.1 0.0 3.0 27 16 Foreign 2.6 4.4 3.0 0.0 12.5 22 21 Ending Stocks World 13.6 22.8 4.1 0.0 19.3 24 19 U.S. 39.4 66.4 1.9 0.1 6.9 15 28 Foreign 14.8 25.0 3.8 0.2 19.1 27 16 COTTON Production World 2.3 3.9 1.8 0.0 5.4 31 12 U.S. 1.1 1.9 0.1 0.0 0.4 14 28 Foreign 2.8 4.7 1.8 0.1 5.7 31 12 Exports World 5.9 9.9 1.6 0.0 7.9 26 17 U.S. 9.7 16.3 0.7 0.0 2.2 23 19 Foreign 7.7 13.0 1.4 0.1 7.2 25 18 Domestic Use World 3.5 5.9 2.3 0.3 17.0 23 20 U.S. 7.5 12.6 0.2 0.0 0.9 23 17 Foreign 3.5 5.8 2.2 0.3 16.1 24 19 Ending Stocks World 9.6 16.1 4.0 0.0 17.5 25 17 U.S. 20.7 34.9 0.8 0.0 2.1 15 28 Foreign 10.3 17.4 3.9 0.1 15.6 27 16 ================================================================================ WASDE - 657 - 37 February 2025 Reliability of United States February Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 0.2 0.3 7 0 72 2 7 Exports 10.9 18.4 149 9 388 21 22 Domestic Use 2.7 4.5 135 6 474 19 24 Ending Stocks 15.9 26.7 204 8 838 24 19 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.0 26.9 26 0 97 26 15 Domestic Use 15.8 26.7 30 1 178 18 25 Ending Stocks 40.6 68.3 22 1 148 15 28 BARLEY Production 0.9 1.6 1 0 11 22 4 Exports 32.6 54.9 6 0 35 15 23 Domestic Use 7.2 12.2 15 0 70 20 21 Ending Stocks 13.4 22.6 12 0 52 26 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 47.9 80.7 1 0 3 9 8 Domestic Use 5.1 8.5 10 0 36 15 27 Ending Stocks 16.1 27.1 11 1 47 25 18 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.9 835 9 3117 29 14 Exports 9.1 15.3 643 1 2626 32 11 Domestic Use 2.6 4.3 598 7 2066 25 18 Ending Stocks 33.6 56.5 65 0 253 18 23 Million Pounds SOYBEAN OIL Production 2.8 4.7 384 7 1242 28 15 Exports 27.7 46.6 317 25 1027 24 19 Domestic Use 2.9 4.9 376 0 1261 27 15 Ending Stocks 19.0 32.0 280 25 1131 24 19 ANIMAL PROD. 3/ Million Pounds Beef 2.8 4.7 584 9 1613 28 14 Pork 2.9 4.9 385 10 1717 23 19 Broilers 1.6 2.7 371 0 1225 26 15 Turkeys 3.1 5.2 130 2 465 19 23 Million Dozen Eggs 2.0 3.4 116 4 525 23 19 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.7 21 21 ================================================================================