WASDE - 670 - 8 April 2026 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/ 2023/24 2822.69 3615.88 515.23 2819.16 796.72 2024/25 (Est.) 2852.86 3649.58 499.34 2874.25 775.33 2025/26 (Proj.) Mar 2976.53 3751.90 537.18 2959.64 792.27 Apr 2983.76 3759.09 537.15 2957.49 801.60 Wheat 2023/24 791.53 1066.22 222.23 796.58 269.65 2024/25 (Est.) 799.33 1068.97 210.46 809.88 259.09 2025/26 (Proj.) Mar 842.12 1101.75 222.16 824.80 276.96 Apr 844.15 1103.24 221.88 820.12 283.12 Coarse Grains 5/ 2023/24 1507.22 1844.67 236.25 1497.93 346.73 2024/25 (Est.) 1511.96 1858.69 227.40 1533.97 324.72 2025/26 (Proj.) Mar 1593.13 1917.66 253.07 1593.88 323.77 Apr 1598.26 1922.98 253.82 1596.80 326.18 Rice, milled 2023/24 523.93 704.99 56.75 524.65 180.34 2024/25 (Est.) 541.57 721.91 61.49 530.39 191.52 2025/26 (Proj.) Mar 541.28 732.50 61.95 540.96 191.54 Apr 541.35 732.87 61.45 540.57 192.31 United States Total Grains 4/ 2023/24 458.90 520.30 85.72 366.49 68.09 2024/25 (Est.) 452.42 528.32 100.66 360.32 67.34 2025/26 (Proj.) Mar 508.41 582.72 116.98 381.87 83.87 Apr 508.41 582.85 116.88 381.88 84.09 Wheat 2023/24 49.10 68.35 19.21 30.18 18.95 2024/25 (Est.) 53.85 76.86 22.48 31.12 23.26 2025/26 (Proj.) Mar 54.01 80.54 24.49 30.71 25.34 Apr 54.01 80.67 24.49 30.66 25.52 Coarse Grains 5/ 2023/24 402.88 442.66 63.37 331.42 47.87 2024/25 (Est.) 391.51 441.58 75.31 323.90 42.37 2025/26 (Proj.) Mar 447.83 492.45 89.78 345.74 56.93 Apr 447.83 492.45 89.78 345.85 56.82 Rice, milled 2023/24 6.92 9.29 3.15 4.88 1.27 2024/25 (Est.) 7.05 9.88 2.87 5.30 1.71 2025/26 (Proj.) Mar 6.56 9.73 2.70 5.43 1.60 Apr 6.56 9.73 2.60 5.37 1.76 ================================================================================ WASDE - 670 - 9 April 2026 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/ 2023/24 2363.79 3095.58 429.51 2452.68 728.63 2024/25 (Est.) 2400.44 3121.26 398.68 2513.92 707.99 2025/26 (Proj.) Mar 2468.12 3169.19 420.20 2577.76 708.40 Apr 2475.36 3176.24 420.27 2575.61 717.51 Wheat 2023/24 742.44 997.87 203.02 766.39 250.69 2024/25 (Est.) 745.48 992.11 187.98 778.76 235.83 2025/26 (Proj.) Mar 788.11 1021.22 197.66 794.09 251.62 Apr 790.14 1022.57 197.39 789.46 257.60 Coarse Grains 5/ 2023/24 1104.34 1402.00 172.88 1166.51 298.86 2024/25 (Est.) 1120.45 1417.11 152.09 1210.07 282.36 2025/26 (Proj.) Mar 1145.30 1425.20 163.29 1248.14 266.84 Apr 1150.43 1430.53 164.04 1250.96 269.36 Rice, milled 2023/24 517.01 695.70 53.61 519.77 179.08 2024/25 (Est.) 534.52 712.03 58.61 525.09 189.81 2025/26 (Proj.) Mar 534.71 722.77 59.25 535.53 189.94 Apr 534.79 723.15 58.85 535.20 190.55 ================================================================================ 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 2023/24 112.23 188.09 44.06 114.99 73.30 2024/25 (Est.) 119.34 192.65 42.40 119.44 74.07 2025/26 (Proj.) Mar 120.99 194.75 43.91 118.58 76.39 Apr 121.87 195.94 43.72 119.14 77.04 United States 2023/24 12.07 16.72 11.75 1.85 3.15 2024/25 (Est.) 14.41 17.57 11.90 1.70 4.00 2025/26 (Proj.) Mar 13.92 17.92 12.00 1.60 4.40 Apr 13.92 17.92 12.00 1.60 4.40 Foreign 4/ 2023/24 100.17 171.38 32.31 113.14 70.15 2024/25 (Est.) 104.93 175.08 30.50 117.74 70.07 2025/26 (Proj.) Mar 107.08 176.83 31.91 116.98 71.99 Apr 107.95 178.01 31.72 117.54 72.64 ================================================================================ WASDE - 670 - 10 April 2026 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 2023/24 657.49 780.53 205.21 543.67 136.11 2024/25 (Est.) 686.76 822.86 213.34 568.80 143.16 2025/26 (Proj.) Mar 697.54 839.75 214.99 582.28 146.58 Apr 698.21 841.37 214.98 584.61 145.91 Oilmeals 2023/24 371.55 389.87 105.84 366.30 19.27 2024/25 (Est.) 392.82 412.10 114.43 382.28 23.05 2025/26 (Proj.) Mar 402.12 425.34 115.71 396.77 24.04 Apr 403.62 426.67 116.02 398.11 24.08 Vegetable Oils 2023/24 222.26 254.70 86.22 218.03 30.81 2024/25 (Est.) 230.20 261.01 88.49 223.17 30.01 2025/26 (Proj.) Mar 235.86 265.79 87.77 228.98 30.65 Apr 236.49 266.50 87.90 229.44 30.74 United States Oilseeds 2023/24 122.16 132.12 47.49 66.22 10.81 2024/25 (Est.) 128.60 140.69 52.29 70.43 10.23 2025/26 (Proj.) Mar 126.24 137.65 43.99 73.91 11.39 Apr 126.24 137.65 43.03 74.80 11.49 Oilmeals 2023/24 51.43 56.13 14.75 40.90 0.49 2024/25 (Est.) 55.27 60.70 16.78 43.48 0.45 2025/26 (Proj.) Mar 57.68 62.80 17.81 44.49 0.50 Apr 58.39 63.73 17.81 45.42 0.50 Vegetable Oils 2023/24 13.59 21.59 0.42 20.13 1.04 2024/25 (Est.) 14.49 21.44 1.28 19.05 1.10 2025/26 (Proj.) Mar 14.89 22.27 0.70 20.40 1.18 Apr 15.07 22.24 0.69 20.35 1.20 Foreign 3/ Oilseeds 2023/24 535.33 648.41 157.73 477.44 125.29 2024/25 (Est.) 558.16 682.17 161.06 498.37 132.93 2025/26 (Proj.) Mar 571.30 702.10 171.00 508.37 135.20 Apr 571.97 703.72 171.95 509.81 134.42 Oilmeals 2023/24 320.13 333.73 91.09 325.40 18.79 2024/25 (Est.) 337.56 351.39 97.65 338.80 22.61 2025/26 (Proj.) Mar 344.44 362.54 97.89 352.29 23.55 Apr 345.23 362.95 98.21 352.69 23.58 Vegetable Oils 2023/24 208.67 233.12 85.80 197.89 29.77 2024/25 (Est.) 215.72 239.57 87.21 204.12 28.91 2025/26 (Proj.) Mar 220.97 243.52 87.07 208.58 29.47 Apr 221.43 244.26 87.21 209.09 29.54 ================================================================================ WASDE - 670 - 11 April 2026 U.S. Wheat Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Acres Area Planted 49.6 46.3 45.3 45.3 Area Harvested 37.1 38.6 37.2 37.2 Bushels Yield per Harvested Acre 48.7 51.2 53.3 53.3 Million Bushels Beginning Stocks 570 696 855 855 Production 1804 1979 1985 1985 Imports 138 149 120 125 Supply, Total 2511 2824 2959 2964 Food 961 969 967 967 Seed 62 61 61 60 Feed and Residual 86 113 100 100 Domestic, Total 1109 1143 1128 1127 Exports 706 826 900 900 Use, Total 1815 1969 2028 2027 Ending Stocks 696 855 931 938 Avg.FarmPrice ($/bu) 2/ 6.96 5.52 4.95 5.00 ================================================================================ 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 2024/25 (Est.) Beginning Stocks 274 190 126 85 21 696 Production 773 505 344 276 80 1979 Imports 6 79 5 7 51 149 Supply, Total 3/ 1054 774 476 368 152 2824 Food 387 258 153 84 88 969 Seed 26 15 12 6 3 61 Feed and Residual 25 33 66 -25 15 113 Domestic Use 438 305 231 65 105 1143 Exports 215 251 118 223 19 826 Use, Total 652 556 349 288 124 1969 Ending Stocks, Total 402 218 127 80 28 855 2025/26 (Proj.) Beginning Stocks 402 218 127 80 28 855 Production 804 458 353 283 86 1985 Imports 6 65 4 6 44 125 Supply, Total 3/ 1212 741 484 369 158 2964 Food 390 255 152 84 86 967 Seed 26 14 11 6 3 60 Feed and Residual 30 10 65 -10 5 100 Domestic Use 446 279 228 80 94 1127 Exports 320 230 120 200 30 900 Use, Total 766 509 348 280 124 2027 Ending Stocks, Total Apr 447 232 136 89 34 938 Mar 450 231 141 78 31 931 ================================================================================ WASDE - 670 - 12 April 2026 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Acres FEED GRAINS Area Planted 107.5 101.8 110.1 110.1 Area Harvested 96.0 91.4 100.0 100.0 Metric Tons Yield per Harvested Acre 4.19 4.28 4.48 4.48 Million Metric Tons Beginning Stocks 37.1 47.9 42.3 42.3 Production 402.6 391.1 447.5 447.5 Imports 2.3 2.0 2.1 2.1 Supply, Total 442.0 441.0 491.9 491.9 Feed and Residual 151.5 144.0 161.6 161.7 Food, Seed & Industrial 179.3 179.3 183.7 183.7 Domestic, Total 330.8 323.3 345.2 345.3 Exports 63.4 75.3 89.8 89.8 Use, Total 394.2 398.6 435.0 435.1 Ending Stocks 47.9 42.3 56.9 56.8 Million Acres CORN Area Planted 94.6 90.9 98.8 98.8 Area Harvested 86.5 83.0 91.3 91.3 Bushels Yield per Harvested Acre 177.3 179.3 186.5 186.5 Million Bushels Beginning Stocks 1360 1763 1551 1551 Production 15341 14892 17021 17021 Imports 28 22 25 25 Supply, Total 16729 16677 18597 18597 Feed and Residual 5831 5454 6200 6200 Food,Seed& Industrial 2/ 6880 6813 6970 6970 Ethanol & by-products 3/ 5489 5436 5600 5600 Domestic, Total 12711 12267 13170 13170 Exports 2255 2858 3300 3300 Use, Total 14966 15126 16470 16470 Ending Stocks 1763 1551 2127 2127 Avg.FarmPrice ($/bu) 4/ 4.55 4.24 4.10 4.15 ================================================================================ WASDE - 670 - 13 April 2026 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.2 6.3 6.6 6.6 AreaHarvested(mil.acres) 6.1 5.6 6.0 6.0 Yield (bushels/acre) 52.0 61.3 72.6 72.6 Beginning Stocks 24 33 40 40 Production 318 344 437 437 Imports 0 0 0 0 Supply, Total 342 377 477 477 Feed and Residual 51 140 100 100 Food, Seed & Industrial 24 98 115 115 Total Domestic 75 239 215 215 Exports 234 98 225 225 Use, Total 309 336 440 440 Ending Stocks 33 40 37 37 Avg.FarmPrice ($/bu) 2/ 4.93 4.07 3.55 3.55 BARLEY AreaPlanted (mil. acres) 3.1 2.4 2.3 2.3 AreaHarvested(mil.acres) 2.6 1.9 1.8 1.8 Yield (bushels/acre) 72.3 76.6 80.0 80.0 Beginning Stocks 66 78 69 69 Production 186 144 141 141 Imports 13 9 8 8 Supply, Total 265 232 218 218 Feed and Residual 56 36 25 30 Food, Seed & Industrial 126 118 115 115 Total Domestic 182 154 140 145 Exports 5 9 9 9 Use, Total 187 162 149 154 Ending Stocks 78 69 69 64 Avg.FarmPrice ($/bu) 2/ 7.39 6.31 5.45 5.45 OATS AreaPlanted (mil. acres) 2.6 2.2 2.4 2.4 AreaHarvested(mil.acres) 0.8 0.9 0.9 0.9 Yield (bushels/acre) 68.6 76.4 73.8 73.8 Beginning Stocks 35 36 28 28 Production 57 68 70 70 Imports 74 71 72 72 Supply, Total 166 176 170 170 Feed and Residual 47 64 55 55 Food, Seed & Industrial 80 81 82 82 Total Domestic 127 145 137 137 Exports 2 2 3 3 Use, Total 129 148 140 140 Ending Stocks 36 28 30 30 Avg.FarmPrice ($/bu) 2/ 3.92 3.35 3.20 3.25 ================================================================================ WASDE - 670 - 14 April 2026 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Acres TOTAL RICE Area Planted 2.90 2.92 2.81 2.81 Area Harvested 2.85 2.87 2.74 2.74 Pounds Yield per Harvested Acre 7641 7753 7544 7544 Million Hundredweight Beginning Stocks 2/ 30.3 39.8 53.9 53.9 Production 218.0 222.6 206.7 206.7 Imports 44.4 49.3 45.7 45.7 Supply, Total 292.6 311.7 306.3 306.3 Domestic & Residual 3/ 153.7 167.3 171.0 169.0 Exports, Total 4/ 99.0 90.5 85.0 82.0 Rough 42.5 28.9 21.0 19.0 Milled (rough equiv.) 56.5 61.7 64.0 63.0 Use, Total 252.8 257.8 256.0 251.0 Ending Stocks 39.8 53.9 50.3 55.3 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 17.30 15.10 12.10 12.10 LONG GRAIN RICE Harvested Acres (mil.) 2.05 2.26 2.08 2.08 Yield (pounds/acre) 7523 7626 7359 7359 Beginning Stocks 21.2 19.3 37.3 37.3 Imports 37.2 42.7 39.0 39.0 Production 153.8 172.0 153.3 153.3 Supply, Total 7/ 212.2 234.0 229.6 229.6 Domestic & Residual 3/ 117.8 135.8 139.0 137.0 Exports 8/ 75.1 60.8 54.0 51.0 Use, Total 192.9 196.6 193.0 188.0 Ending Stocks 19.3 37.3 36.6 41.6 Avg.FarmPrice($/cwt) 6/ 15.90 14.00 10.50 10.40 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.81 0.62 0.66 0.66 Yield (pounds/acre) 7938 8219 8130 8130 Beginning Stocks 6.8 18.9 13.7 13.7 Imports 7.2 6.6 6.7 6.7 Production 64.1 50.6 53.4 53.4 Supply, Total 7/ 78.8 74.9 73.9 73.9 Domestic & Residual 3/ 35.9 31.5 32.0 32.0 Exports 8/ 23.9 29.7 31.0 31.0 Use, Total 59.9 61.2 63.0 63.0 Ending Stocks 18.9 13.7 10.9 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 21.60 18.50 18.10 18.30 California 10/ 22.30 18.70 20.00 20.00 Other States 1/ 17.20 15.00 14.20 14.70 ================================================================================ WASDE - 670 - 15 April 2026 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Acres SOYBEANS Area Planted 83.6 87.3 81.2 81.2 Area Harvested 82.3 86.2 80.4 80.4 Bushels Yield per Harvested Acre 50.6 50.7 53.0 53.0 Million Bushels Beginning Stocks 264 342 325 325 Production 4162 4374 4262 4262 Imports 21 29 25 25 Supply, Total 4447 4746 4612 4612 Crushings 2285 2445 2575 2610 Exports 1700 1882 1575 1540 Seed 75 70 73 73 Residual 44 23 39 39 Use, Total 4105 4421 4262 4262 Ending Stocks 342 325 350 350 Avg.FarmPrice ($/bu) 2/ 12.40 10.00 10.20 10.30 Million Pounds SOYBEAN OIL Beginning Stocks 1607 1551 1747 1747 Production 4/ 27093 29218 29920 30330 Imports 621 362 365 315 Supply, Total 29321 31131 32032 32392 Domestic Disappearance 27153 26891 29050 29350 Biofuel 3/ 12995 11758 14000 14000 Food, Feed & other Industrial 14158 15133 15050 15350 Exports 617 2492 1200 1200 Use, Total 27770 29384 30250 30550 Ending stocks 1551 1747 1782 1842 Avg. Price (c/lb) 2/ 47.28 47.59 55.00 59.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 371 453 398 398 Production 4/ 54106 58443 61077 61877 Imports 687 807 800 800 Supply, Total 55164 59704 62275 63075 Domestic Disappearance 38657 41041 42425 43225 Exports 16054 18265 19400 19400 Use, Total 54711 59305 61825 62625 Ending Stocks 453 398 450 450 Avg. Price ($/s.t.) 2/ 384.11 299.77 300.00 310.00 ================================================================================ WASDE - 670 - 16 April 2026 U.S. Sugar Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1843 2220 2490 2490 Production 2/ 9313 9397 9280 9268 Beet Sugar 5172 5370 5093 5060 Cane Sugar 4141 4027 4187 4207 Florida 2079 1932 1956 1976 Louisiana 2022 2095 2232 2232 Texas 40 0 0 0 Imports 3840 3393 2427 2512 TRQ 3/ 1788 1534 1316 1316 Other Program 4/ 300 373 250 300 Non-program 1752 1485 861 896 Mexico 521 504 220 220 High-tier tariff/other 1231 980 642 676 Total Supply 14995 15009 14197 14269 Exports 249 111 50 25 Deliveries 12443 12450 12270 12364 Food 12336 12340 12165 12259 Other 5/ 106 111 105 105 Miscellaneous 83 -41 0 0 Total Use 12775 12520 12320 12389 Ending Stocks 2220 2490 1878 1880 Stocks to Use Ratio 17.4 19.9 15.2 15.2 ================================================================================ 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 2024/25 Est. Mar 1418 4771 167 4210 1023 1123 Apr 1418 4771 167 4210 1023 1123 2025/26 Proj. Mar 1123 5024 52 4297 834 1068 Apr 1123 5125 52 4297 935 1068 ================================================================================ WASDE - 670 - 17 April 2026 U.S. Cotton Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Mar Apr ================================================================================ Million Acres Planted 10.23 11.18 9.28 9.28 Harvested 6.44 7.81 7.80 7.80 Pounds Yield per Harvested Acre 899 886 856 856 Million 480 Pound Bales Beginning Stocks 4.65 3.15 4.00 4.00 Production 12.07 14.41 13.92 13.92 Imports 0.00 0.00 0.01 0.01 Supply, Total 16.72 17.57 17.92 17.92 Domestic Use 1.85 1.70 1.60 1.60 Exports, Total 11.75 11.90 12.00 12.00 Use, Total 13.60 13.60 13.60 13.60 Unaccounted 2/ -0.03 -0.03 -0.08 -0.08 Ending Stocks 3.15 4.00 4.40 4.40 Avg. Farm Price 3/ 76.1 63.2 60.0 61.0 ================================================================================ WASDE - 670 - 18 April 2026 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 274.69 791.53 223.23 159.14 796.58 222.23 269.65 World Less China 135.87 654.94 209.61 122.14 643.08 221.22 135.12 United States 15.50 49.10 3.75 2.33 30.18 19.21 18.95 Total Foreign 259.19 742.44 219.48 156.81 766.40 203.02 250.69 Major Exporters 4/ 47.63 325.10 13.79 72.96 179.69 165.59 41.23 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.80 8.30 19.84 2.41 Canada 5.71 33.41 0.56 3.81 8.94 25.44 5.29 European Union 5/ 16.27 135.38 12.65 46.50 110.50 38.00 15.79 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 1.60 5.90 18.58 1.51 Major Importers 6/ 178.80 208.72 139.44 56.54 329.63 19.75 177.58 Bangladesh 0.83 1.10 6.65 0.20 7.30 0.00 1.28 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.63 37.00 153.50 1.01 134.52 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.07 16.37 31.58 1.63 46.48 2.00 11.54 Nigeria 0.37 0.12 5.11 0.00 4.80 0.35 0.45 Sel. Mideast 8/ 11.74 20.77 20.34 3.23 39.72 0.65 12.47 Southeast Asia 9/ 3.17 0.00 30.56 9.85 27.86 1.32 4.56 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 2024/25 Est. World 3/ 269.65 799.33 201.05 156.34 809.88 210.46 259.09 World Less China 135.12 659.23 196.88 123.34 659.88 209.44 131.32 United States 18.95 53.85 4.05 3.07 31.12 22.48 23.26 Total Foreign 250.69 745.48 196.99 153.26 778.76 187.98 235.83 Major Exporters 4/ 41.23 314.61 11.86 73.96 181.37 152.97 33.36 Argentina 4.54 18.51 0.01 0.25 7.15 13.31 2.60 Australia 2.41 34.11 0.22 5.60 9.10 23.65 3.99 Canada 5.29 35.94 0.61 3.01 8.32 29.34 4.18 European Union 5/ 15.79 121.06 10.64 44.50 108.50 27.92 11.08 Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59 Ukraine 1.51 23.40 0.07 3.60 8.30 15.75 0.93 Major Importers 6/ 177.58 211.37 120.99 51.55 328.17 16.27 165.48 Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78 Brazil 1.69 7.89 7.20 0.70 12.20 1.89 2.69 China 134.52 140.10 4.17 33.00 150.00 1.02 127.78 Japan 1.09 1.07 5.57 0.73 6.28 0.34 1.12 N. Africa 7/ 11.54 15.84 31.68 1.35 46.15 2.51 10.39 Nigeria 0.45 0.13 6.23 0.00 6.10 0.38 0.32 Sel. Mideast 8/ 12.47 23.56 17.65 2.99 40.23 0.68 12.76 Southeast Asia 9/ 4.56 0.00 29.17 9.60 28.43 1.45 3.86 Selected Other India 7.50 113.29 0.16 6.00 108.96 0.19 11.80 Kazakhstan 3.45 18.58 0.50 3.20 8.30 10.19 4.03 United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69 ================================================================================ WASDE - 670 - 19 April 2026 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 ================================================================================ 2025/26 Proj. World 3/ Mar 259.63 842.12 218.02 165.46 824.80 222.16 276.96 Apr 259.09 844.15 217.62 165.15 820.12 221.88 283.12 World Less China Mar 131.86 702.05 212.02 134.46 676.80 221.16 152.11 Apr 131.32 704.08 211.62 134.15 672.12 220.88 158.28 United States Mar 23.26 54.01 3.27 2.72 30.71 24.49 25.34 Apr 23.26 54.01 3.40 2.72 30.66 24.49 25.52 Total Foreign Mar 236.37 788.11 214.76 162.74 794.09 197.66 251.62 Apr 235.83 790.14 214.22 162.43 789.46 197.39 257.60 Major Exporters 4/ Mar 33.96 361.26 7.24 83.50 192.15 163.00 47.30 Apr 33.36 363.28 7.24 83.60 192.35 162.50 49.03 Argentina Mar 2.60 27.80 0.01 0.50 7.60 19.50 3.31 Apr 2.60 27.92 0.01 0.50 7.60 19.50 3.43 Australia Mar 3.99 36.00 0.23 5.50 9.10 27.00 4.12 Apr 3.99 36.00 0.23 5.50 9.10 26.50 4.62 Canada Mar 4.18 39.96 0.60 4.50 9.85 29.00 5.89 Apr 4.18 39.96 0.60 4.50 9.85 29.00 5.89 European Union 5/ Mar 11.67 144.00 6.00 51.00 115.50 30.50 15.67 Apr 11.08 145.11 6.00 51.00 115.50 30.50 16.18 Russia Mar 10.59 89.50 0.30 18.50 41.70 43.50 15.19 Apr 10.59 90.30 0.30 18.50 41.70 44.50 14.99 Ukraine Mar 0.93 24.00 0.10 3.50 8.40 13.50 3.13 Apr 0.93 24.00 0.10 3.60 8.60 12.50 3.93 Major Importers 6/ Mar 165.34 206.30 139.60 50.62 331.32 15.76 164.17 Apr 165.48 206.18 139.58 50.82 331.29 15.60 164.36 Bangladesh Mar 0.78 1.00 7.40 0.30 8.20 0.00 0.98 Apr 0.78 1.00 7.60 0.30 8.10 0.00 1.28 Brazil Mar 2.69 8.00 7.10 0.75 12.35 2.30 3.14 Apr 2.69 7.87 6.80 0.75 12.35 2.10 2.91 China Mar 127.78 140.07 6.00 31.00 148.00 1.00 124.85 Apr 127.78 140.07 6.00 31.00 148.00 1.00 124.85 Japan Mar 1.13 0.99 5.65 0.73 6.28 0.34 1.15 Apr 1.12 1.06 5.75 0.78 6.38 0.34 1.22 N. Africa 7/ Mar 10.39 17.45 33.70 1.45 47.55 2.12 11.87 Apr 10.39 17.42 33.40 1.35 47.30 2.12 11.79 Nigeria Mar 0.31 0.13 6.40 0.00 6.10 0.40 0.34 Apr 0.32 0.13 6.20 0.00 6.00 0.40 0.25 Sel. Mideast 8/ Mar 12.66 19.38 21.15 2.79 40.59 0.96 11.64 Apr 12.76 19.35 21.13 2.84 40.61 0.95 11.68 Southeast Asia 9/ Mar 3.81 0.00 33.40 10.75 30.80 1.44 4.97 Apr 3.86 0.00 34.10 11.15 31.30 1.45 5.21 India Mar 11.80 117.95 0.20 6.50 112.51 0.25 17.19 Apr 11.80 117.95 0.20 6.00 107.70 0.25 22.00 Kazakhstan Mar 4.03 19.33 0.70 3.50 8.65 10.50 4.90 Apr 4.03 19.33 0.70 3.50 8.65 11.00 4.40 United Kingdom Mar 2.69 11.96 3.50 7.10 15.30 0.60 2.24 Apr 2.69 11.96 3.50 7.10 15.30 0.60 2.24 ================================================================================ WASDE - 670 - 20 April 2026 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 ================================================================================ 2023/24 World 3/ 337.44 1507.22 242.67 924.62 1497.93 236.25 346.73 World Less China 130.69 1209.84 194.64 678.82 1159.23 236.25 133.27 United States 37.14 402.88 2.64 151.70 331.42 63.37 47.87 Total Foreign 300.31 1104.34 240.02 772.93 1166.51 172.88 298.86 Major Exporters 4/ 30.63 322.81 6.87 137.86 195.57 142.33 22.41 Argentina 3.13 59.98 0.01 12.88 18.94 40.58 3.61 Australia 3.97 14.48 0.00 5.09 6.97 9.66 1.83 Brazil 10.61 124.81 2.64 67.85 90.63 38.36 9.07 Canada 3.95 27.52 2.95 16.19 24.35 6.16 3.91 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.53 0.01 7.77 10.20 32.02 1.27 Major Importers 5/ 37.36 231.42 144.62 272.34 360.30 14.66 38.43 European Union 6/ 16.53 137.04 22.07 110.01 148.91 11.52 15.22 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.45 Mexico 5.61 28.93 24.95 30.50 53.17 0.02 6.29 N. Afr & Mideast 7/ 7.02 34.01 37.77 59.62 68.01 2.52 8.28 Saudi Arabia 1.40 0.27 7.00 6.92 7.25 0.00 1.41 Southeast Asia 8/ 2.89 30.67 19.82 38.24 49.59 0.60 3.19 South Korea 1.91 0.16 11.67 9.30 11.68 0.00 2.06 Selected Other China 206.75 297.38 48.03 245.80 338.70 0.01 213.46 2024/25 Est. World 3/ 346.73 1511.96 226.00 944.23 1533.97 227.40 324.72 World Less China 133.27 1208.49 207.76 694.48 1191.90 227.39 131.64 United States 47.87 391.51 2.19 144.14 323.90 75.31 42.37 Total Foreign 298.86 1120.45 223.81 800.09 1210.07 152.09 282.36 Major Exporters 4/ 22.41 333.34 5.09 142.11 205.45 125.37 30.02 Argentina 3.61 58.46 0.01 14.67 20.88 33.79 7.41 Australia 1.83 17.70 0.00 4.88 6.75 11.38 1.40 Brazil 9.07 143.59 2.83 72.00 100.93 42.21 12.35 Canada 3.91 27.52 1.87 14.85 22.92 6.90 3.48 Russia 1.71 34.78 0.10 20.43 28.40 6.77 1.41 Ukraine 1.27 33.47 0.02 8.23 10.96 22.35 1.45 Major Importers 5/ 38.43 228.41 154.92 286.38 374.90 11.29 35.57 European Union 6/ 15.22 137.22 20.17 110.28 149.19 9.16 14.26 Japan 1.45 0.20 16.72 13.16 16.85 0.00 1.52 Mexico 6.29 28.27 27.06 32.55 55.48 0.03 6.12 N. Afr & Mideast 7/ 8.28 30.98 45.27 67.38 76.09 1.56 6.88 Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41 Southeast Asia 8/ 3.19 31.19 21.27 40.87 52.22 0.55 2.88 South Korea 2.06 0.16 11.56 9.40 11.74 0.00 2.05 Selected Other China 213.46 303.47 18.24 249.75 342.08 0.01 193.09 ================================================================================ WASDE - 670 - 21 April 2026 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 ================================================================================ 2025/26 Proj. World 3/ Mar 324.52 1593.13 237.29 980.03 1593.88 253.07 323.77 Apr 324.72 1598.26 237.44 981.94 1596.80 253.82 326.18 World Less China Mar 131.44 1282.94 209.94 722.85 1244.38 253.05 142.67 Apr 131.64 1288.07 210.24 724.91 1247.45 253.79 145.08 United States Mar 42.37 447.83 2.25 161.64 345.74 89.78 56.93 Apr 42.37 447.83 2.25 161.75 345.85 89.78 56.82 Total Foreign Mar 282.16 1145.30 235.04 818.39 1248.15 163.29 266.84 Apr 282.36 1150.43 235.18 820.19 1250.96 164.04 269.36 Major Exporters 4/ Mar 29.72 343.90 5.02 145.33 212.96 138.26 27.41 Apr 30.02 344.93 5.02 145.63 213.31 138.96 27.70 Argentina Mar 7.47 61.32 0.01 14.34 20.63 42.40 5.77 Apr 7.41 61.26 0.01 14.34 20.63 42.30 5.74 Australia Mar 1.39 20.95 0.00 5.74 7.61 12.38 2.35 Apr 1.40 20.95 0.00 5.74 7.61 12.68 2.06 Brazil Mar 12.19 139.10 2.65 72.13 104.26 43.09 6.60 Apr 12.35 139.10 2.75 72.13 104.26 43.09 6.86 Canada Mar 3.48 29.41 2.12 15.93 24.36 6.34 4.30 Apr 3.48 29.41 2.02 15.83 24.21 6.44 4.25 Russia Mar 1.41 39.05 0.10 22.43 31.00 7.33 2.23 Apr 1.41 39.35 0.10 22.43 31.00 7.63 2.23 Ukraine Mar 1.40 37.02 0.01 7.52 10.17 24.51 3.75 Apr 1.45 37.02 0.02 7.72 10.38 24.30 3.81 Major Importers 5/ Mar 35.73 234.18 157.99 291.60 379.97 11.20 36.73 Apr 35.57 236.04 157.88 291.58 380.60 11.40 37.49 European Union 6/ Mar 14.50 141.31 20.77 112.65 151.59 9.79 15.20 Apr 14.26 143.48 20.77 113.43 152.72 9.89 15.90 Japan Mar 1.53 0.25 16.91 13.45 17.16 0.00 1.53 Apr 1.52 0.25 16.86 13.40 17.11 0.00 1.51 Mexico Mar 6.12 30.89 27.55 34.55 57.83 0.03 6.70 Apr 6.12 30.39 27.50 34.05 57.33 0.03 6.65 N. Afr & Mideast 7/ Mar 6.81 30.12 44.77 65.53 74.13 0.82 6.75 Apr 6.88 30.23 45.04 65.62 74.41 0.92 6.82 Saudi Arabia Mar 1.41 0.27 8.87 8.83 9.17 0.00 1.39 Apr 1.41 0.27 8.87 8.83 9.17 0.00 1.39 Southeast Asia 8/ Mar 2.88 31.08 22.88 42.68 53.53 0.57 2.75 Apr 2.88 31.16 22.60 42.35 53.30 0.57 2.78 South Korea Mar 2.05 0.16 11.61 9.39 11.78 0.00 2.04 Apr 2.05 0.16 11.61 9.39 11.78 0.00 2.04 China Mar 193.09 310.19 27.35 257.18 349.50 0.03 181.10 Apr 193.09 310.19 27.20 257.03 349.35 0.03 181.10 ================================================================================ WASDE - 670 - 22 April 2026 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 305.36 1231.13 197.60 769.93 1221.24 192.65 315.25 World Less China 99.34 942.29 174.27 544.93 914.24 192.65 104.06 United States 34.55 389.67 0.72 148.11 322.87 57.28 44.79 Total Foreign 270.81 841.46 196.88 621.81 898.37 135.38 270.46 Major Exporters 4/ 18.51 233.13 2.72 94.24 128.72 112.88 12.76 Argentina 2.32 51.60 0.01 11.00 15.20 36.26 2.48 Brazil 9.88 119.00 1.72 62.50 84.00 38.26 8.33 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.43 0.94 7.04 13.84 2.27 0.65 Ukraine 3.00 32.50 0.01 4.60 5.48 29.49 0.54 Major Importers 5/ 21.04 123.52 102.77 160.25 220.90 5.01 21.41 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.95 19.81 58.10 78.10 4.39 7.29 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.88 23.55 24.22 25.70 47.00 0.02 5.63 Southeast Asia 7/ 2.88 30.62 19.29 37.90 49.00 0.60 3.19 South Korea 1.90 0.09 11.55 9.25 11.50 0.00 2.04 Selected Other Canada 1.63 15.42 2.81 9.70 15.72 2.15 2.00 China 206.02 288.84 23.33 225.00 307.00 0.00 211.19 2024/25 Est. World 3/ 315.25 1231.38 186.20 785.29 1250.35 187.15 296.28 World Less China 104.06 936.46 184.38 551.29 934.35 187.14 104.35 United States 44.79 378.27 0.55 138.55 311.60 72.60 39.40 Total Foreign 270.46 853.11 185.65 646.74 938.74 114.54 256.88 Major Exporters 4/ 12.76 244.07 1.94 99.40 140.50 96.11 22.16 Argentina 2.48 50.00 0.01 12.30 16.70 29.07 6.72 Brazil 8.33 136.00 1.76 65.00 92.50 42.08 11.52 Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91 South Africa 0.65 17.27 0.11 7.00 14.00 1.95 2.09 Ukraine 0.54 26.80 0.02 5.30 6.40 20.02 0.94 Major Importers 5/ 21.41 121.06 107.30 164.90 226.31 3.33 20.13 Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69 European Union 6/ 7.29 59.59 18.76 56.30 76.70 2.76 6.18 Japan 1.30 0.02 15.46 12.10 15.40 0.00 1.37 Mexico 5.63 23.10 25.93 27.50 49.10 0.03 5.53 Southeast Asia 7/ 3.19 31.14 20.80 40.60 51.71 0.55 2.88 South Korea 2.04 0.09 11.44 9.35 11.55 0.00 2.03 Selected Other Canada 2.00 15.35 1.69 8.58 14.44 3.00 1.58 China 211.19 294.92 1.82 234.00 316.00 0.00 191.93 ================================================================================ WASDE - 670 - 23 April 2026 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 ================================================================================ 2025/26 Proj. World 3/ Mar 295.82 1297.44 192.72 814.50 1300.51 206.85 292.75 Apr 296.28 1301.07 193.10 815.75 1302.55 207.29 294.81 World Less China Mar 103.89 996.20 184.72 575.50 979.51 206.83 112.60 Apr 104.35 999.83 185.10 576.75 981.55 207.27 114.66 United States Mar 39.40 432.34 0.64 157.49 334.53 83.82 54.02 Apr 39.40 432.34 0.64 157.49 334.53 83.82 54.02 Total Foreign Mar 256.42 865.09 192.08 657.01 965.97 123.02 238.72 Apr 256.88 868.73 192.46 658.26 968.01 123.46 240.78 Major Exporters 4/ Mar 21.82 245.70 1.67 100.60 144.90 107.20 17.09 Apr 22.16 246.80 1.77 100.90 145.30 107.80 17.63 Argentina Mar 6.78 52.00 0.01 12.30 16.70 37.00 5.09 Apr 6.72 52.00 0.01 12.30 16.70 37.00 5.02 Brazil Mar 11.36 132.00 1.60 65.50 96.00 43.00 5.96 Apr 11.52 132.00 1.70 65.50 96.00 43.00 6.22 Russia Mar 0.91 14.50 0.05 10.30 11.40 3.00 1.06 Apr 0.91 14.80 0.05 10.30 11.40 3.30 1.06 South Africa Mar 1.94 16.50 0.00 7.10 14.20 2.20 2.04 Apr 2.09 17.30 0.00 7.30 14.50 2.50 2.39 Ukraine Mar 0.84 30.70 0.01 5.40 6.60 22.00 2.95 Apr 0.94 30.70 0.01 5.50 6.70 22.00 2.95 Major Importers 5/ Mar 20.15 120.59 110.05 167.15 228.10 2.40 20.29 Apr 20.13 120.52 109.85 166.50 227.75 2.40 20.36 Egypt Mar 1.69 6.70 10.50 14.50 17.10 0.00 1.79 Apr 1.69 6.70 10.50 14.50 17.10 0.00 1.79 European Union 6/ Mar 6.21 56.95 19.50 54.90 75.00 1.80 5.86 Apr 6.18 56.80 19.50 54.50 74.80 1.80 5.88 Japan Mar 1.37 0.02 15.50 12.20 15.50 0.00 1.39 Apr 1.37 0.02 15.50 12.20 15.50 0.00 1.39 Mexico Mar 5.53 25.70 26.30 29.50 51.40 0.03 6.10 Apr 5.53 25.70 26.30 29.50 51.40 0.03 6.10 Southeast Asia 7/ Mar 2.88 31.03 22.20 42.20 52.80 0.57 2.74 Apr 2.88 31.11 22.00 41.95 52.65 0.57 2.77 South Korea Mar 2.03 0.09 11.50 9.35 11.60 0.00 2.02 Apr 2.03 0.09 11.50 9.35 11.60 0.00 2.02 Canada Mar 1.58 14.87 2.00 8.70 14.60 2.20 1.65 Apr 1.58 14.87 1.90 8.60 14.50 2.20 1.65 China Mar 191.93 301.24 8.00 239.00 321.00 0.02 180.15 Apr 191.93 301.24 8.00 239.00 321.00 0.02 180.15 ================================================================================ WASDE - 670 - 24 April 2026 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 ================================================================================ 2023/24 World 3/ 181.06 523.93 53.82 524.65 56.75 180.34 World Less China 74.46 379.31 52.29 376.54 55.12 77.34 United States 0.96 6.92 1.41 4.88 3.15 1.27 Total Foreign 180.10 517.01 52.41 519.77 53.61 179.08 Major Exporters 4/ 46.57 207.19 3.77 165.10 42.62 49.81 Burma 1.55 12.30 0.01 9.90 2.75 1.22 India 35.00 137.83 0.00 116.40 14.42 42.00 Pakistan 2.04 9.87 0.02 4.00 6.53 1.40 Thailand 4.35 20.00 0.05 12.30 9.89 2.21 Vietnam 3.62 27.20 3.70 22.50 9.04 2.99 Major Importers 5/ 121.40 237.27 21.06 259.54 2.01 118.18 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.37 2.11 3.25 0.36 0.70 Indonesia 4.70 33.02 4.65 36.20 0.00 6.17 Nigeria 1.92 5.61 1.89 8.00 0.00 1.41 Philippines 3.38 12.33 4.50 16.80 0.00 3.40 Sel. Mideast 7/ 1.27 2.02 4.90 6.78 0.00 1.41 Selected Other Brazil 0.62 7.20 0.96 7.10 0.97 0.71 C. Amer & Carib 8/ 0.60 1.28 1.87 3.15 0.06 0.54 Egypt 0.60 3.78 0.18 4.05 0.06 0.46 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.12 0.15 0.85 0.99 0.02 0.12 South Korea 1.43 3.70 0.40 4.19 0.13 1.21 2024/25 Est. World 3/ 180.34 541.57 58.03 530.39 61.49 191.52 World Less China 77.34 396.30 55.70 385.44 60.33 87.02 United States 1.27 7.05 1.57 5.30 2.87 1.71 Total Foreign 179.08 534.52 56.47 525.10 58.61 189.81 Major Exporters 4/ 49.81 219.21 3.60 169.97 46.45 56.20 Burma 1.22 11.90 0.01 9.60 2.57 0.95 India 42.00 150.00 0.00 121.17 22.83 48.00 Pakistan 1.40 9.72 0.02 4.10 5.13 1.91 Thailand 2.21 20.84 0.05 12.50 7.86 2.75 Vietnam 2.99 26.75 3.53 22.60 8.06 2.60 Major Importers 5/ 118.18 239.53 23.22 257.81 1.51 121.61 China 103.00 145.28 2.34 144.96 1.15 104.50 European Union 6/ 0.70 1.60 2.53 3.50 0.34 0.99 Indonesia 6.17 34.10 0.81 35.50 0.00 5.58 Nigeria 1.41 5.77 3.30 8.30 0.00 2.18 Philippines 3.40 12.37 5.42 17.40 0.00 3.79 Sel. Mideast 7/ 1.41 2.28 5.57 7.05 0.00 2.21 Selected Other Brazil 0.71 8.68 0.93 7.35 1.30 1.66 C. Amer & Carib 8/ 0.54 1.43 1.88 3.17 0.09 0.59 Egypt 0.46 3.90 0.16 4.05 0.15 0.31 Japan 1.60 7.29 0.84 8.05 0.05 1.63 Mexico 0.12 0.16 0.89 1.00 0.03 0.15 South Korea 1.21 3.59 0.33 4.18 0.19 0.75 ================================================================================ WASDE - 670 - 25 April 2026 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 ================================================================================ 2025/26 Proj. World 3/ Mar 191.22 541.28 59.00 540.96 61.95 191.54 Apr 191.52 541.35 58.81 540.57 61.45 192.31 World Less China Mar 86.72 394.95 55.90 393.93 60.05 86.54 Apr 87.02 395.02 55.61 393.44 59.55 87.31 United States Mar 1.71 6.56 1.45 5.43 2.70 1.60 Apr 1.71 6.56 1.45 5.37 2.60 1.76 Total Foreign Mar 189.51 534.71 57.55 535.53 59.25 189.94 Apr 189.81 534.79 57.35 535.20 58.85 190.55 Major Exporters 4/ Mar 56.20 219.80 3.98 175.95 46.60 57.43 Apr 56.20 220.10 3.98 176.10 46.20 57.98 Burma Mar 0.95 12.00 0.01 9.40 2.60 0.95 Apr 0.95 12.00 0.01 9.40 2.60 0.95 India Mar 48.00 152.00 0.00 127.00 24.00 49.00 Apr 48.00 152.00 0.00 127.00 24.00 49.00 Pakistan Mar 1.91 9.40 0.02 4.20 5.10 2.03 Apr 1.91 9.40 0.02 4.30 4.70 2.33 Thailand Mar 2.75 20.40 0.05 12.65 7.00 3.55 Apr 2.75 20.70 0.05 12.70 7.00 3.80 Vietnam Mar 2.60 26.00 3.90 22.70 7.90 1.90 Apr 2.60 26.00 3.90 22.70 7.90 1.90 Major Importers 5/ Mar 121.05 240.85 22.25 261.13 2.34 120.68 Apr 121.61 240.75 21.98 261.25 2.35 120.74 China Mar 104.50 146.33 3.10 147.03 1.90 105.00 Apr 104.50 146.33 3.20 147.13 1.90 105.00 European Union 6/ Mar 0.99 1.77 2.30 3.60 0.40 1.06 Apr 0.99 1.77 2.30 3.60 0.40 1.06 Indonesia Mar 5.59 33.60 0.80 35.30 0.00 4.69 Apr 5.58 33.60 0.80 35.30 0.00 4.68 Nigeria Mar 2.18 5.54 2.90 8.50 0.00 2.12 Apr 2.18 5.54 2.90 8.50 0.00 2.12 Philippines Mar 3.79 12.30 4.40 17.60 0.00 2.89 Apr 3.79 12.20 4.40 17.60 0.00 2.79 Sel. Mideast 7/ Mar 1.63 2.23 5.05 7.25 0.00 1.66 Apr 2.21 2.23 4.88 7.18 0.00 2.13 Brazil Mar 1.66 7.60 0.85 7.35 1.35 1.41 Apr 1.66 7.60 0.90 7.35 1.35 1.46 C. Amer & Carib 8/ Mar 0.59 1.42 2.04 3.33 0.08 0.63 Apr 0.59 1.42 1.96 3.26 0.08 0.63 Egypt Mar 0.31 4.20 0.18 4.15 0.15 0.39 Apr 0.31 4.20 0.18 4.15 0.15 0.39 Japan Mar 1.55 7.54 0.80 8.13 0.09 1.67 Apr 1.63 7.48 0.80 7.95 0.07 1.90 Mexico Mar 0.15 0.19 0.85 1.02 0.01 0.16 Apr 0.15 0.19 0.80 1.01 0.01 0.12 South Korea Mar 0.75 3.54 0.41 3.85 0.18 0.67 Apr 0.75 3.54 0.41 3.85 0.18 0.67 ================================================================================ WASDE - 670 - 26 April 2026 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 World 75.86 112.23 44.05 114.99 44.06 -0.21 73.30 World Less China 42.50 84.88 29.08 76.09 44.00 -0.21 36.59 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.21 100.17 44.05 113.14 32.31 -0.18 70.15 Major Exporters 4/ 27.24 57.93 1.63 34.60 28.25 -0.18 24.12 Central Asia 5/ 3.62 5.00 0.05 3.90 1.65 0.00 3.13 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.37 22.03 0.15 4.44 19.24 -0.18 10.04 Australia 4.81 5.00 3/ 0.00 5.76 -0.18 4.22 Brazil 3.93 14.57 0.01 3.37 12.31 0.00 2.83 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.78 39.61 39.95 74.49 2.99 0.00 43.86 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.97 38.90 0.06 0.00 36.71 European Union 9/ 0.40 1.04 0.47 0.51 1.14 0.00 0.27 Turkey 2.63 3.19 3.57 6.60 1.39 0.00 1.40 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 2024/25 Est. World 73.30 119.34 43.04 119.44 42.40 -0.22 74.07 World Less China 36.59 87.34 37.85 80.44 42.34 -0.22 39.23 United States 3.15 14.41 3/ 1.70 11.90 -0.03 4.00 Total Foreign 70.15 104.93 43.03 117.74 30.50 -0.19 70.07 Major Exporters 4/ 24.12 58.82 4.29 35.20 26.52 -0.19 25.69 Central Asia 5/ 3.13 5.09 0.10 3.94 1.47 0.00 2.91 Afr. Fr. Zone 6/ 1.29 4.44 3/ 0.10 4.27 0.00 1.37 S. Hemis. 7/ 10.04 24.70 0.15 4.49 19.13 -0.19 11.45 Australia 4.22 5.60 3/ 0.00 5.21 -0.19 4.80 Brazil 2.83 17.00 3/ 3.39 13.02 0.00 3.42 India 9.30 24.00 3.04 25.50 1.33 0.00 9.52 Major Importers 8/ 43.86 43.35 35.92 78.00 3.01 0.00 42.11 Mexico 0.24 1.00 0.60 1.35 0.18 0.00 0.31 China 36.71 32.00 5.19 39.00 0.06 0.00 34.84 European Union 9/ 0.27 1.24 0.41 0.46 1.26 0.00 0.20 Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28 Pakistan 1.85 5.00 6.10 10.80 0.05 0.00 2.10 Indonesia 0.40 3/ 1.98 1.95 0.02 0.00 0.41 Thailand 0.09 3/ 0.51 0.50 0.00 0.00 0.11 Bangladesh 1.71 0.15 8.05 8.20 0.00 0.00 1.71 Vietnam 1.03 3/ 7.98 8.00 0.00 0.00 1.02 ================================================================================ WASDE - 670 - 27 April 2026 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2025/26 Proj. World Mar 73.76 120.99 43.91 118.58 43.91 -0.22 76.39 Apr 74.07 121.87 43.75 119.14 43.72 -0.22 77.04 World Less China Mar 38.92 85.49 38.31 79.08 43.84 -0.22 40.02 Apr 39.23 86.07 37.75 79.14 43.65 -0.22 40.48 United States Mar 4.00 13.92 0.01 1.60 12.00 -0.08 4.40 Apr 4.00 13.92 0.01 1.60 12.00 -0.08 4.40 Total Foreign Mar 69.76 107.08 43.90 116.98 31.91 -0.14 71.99 Apr 70.07 107.95 43.74 117.54 31.72 -0.14 72.64 Major Exporters 4/ Mar 25.37 58.76 5.45 34.83 28.51 -0.16 26.41 Apr 25.69 58.99 5.65 35.33 28.39 -0.16 26.77 Central Asia 5/ Mar 2.91 4.81 0.20 3.94 1.42 0.00 2.57 Apr 2.91 4.81 0.20 3.94 1.47 0.00 2.51 Afr. Fr. Zone 6/ Mar 1.37 4.03 3/ 0.11 4.07 0.00 1.23 Apr 1.37 4.03 3/ 0.11 4.07 0.00 1.23 S. Hemis. 7/ Mar 11.44 26.01 0.15 4.51 21.28 -0.16 11.96 Apr 11.45 25.93 0.15 4.51 21.28 -0.16 11.89 Australia Mar 4.79 4.50 3/ 0.00 5.70 -0.16 3.75 Apr 4.80 4.50 3/ 0.00 5.70 -0.16 3.76 Brazil Mar 3.42 19.50 0.01 3.40 14.50 0.00 5.02 Apr 3.42 19.50 0.01 3.40 14.50 0.00 5.02 India Mar 9.22 23.50 4.00 25.00 1.40 0.00 10.32 Apr 9.52 23.80 4.20 25.50 1.20 0.00 10.82 Major Importers 8/ Mar 42.11 45.42 35.62 77.60 2.29 0.02 43.24 Apr 42.11 46.08 35.32 77.70 2.25 0.02 43.54 Mexico Mar 0.31 0.57 0.65 1.20 0.10 0.02 0.21 Apr 0.31 0.57 0.65 1.20 0.10 0.02 0.21 China Mar 34.84 35.50 5.60 39.50 0.08 0.00 36.36 Apr 34.84 35.80 6.00 40.00 0.08 0.00 36.56 European Union 9/ Mar 0.20 1.20 0.45 0.48 1.14 0.00 0.22 Apr 0.20 1.20 0.45 0.48 1.10 0.00 0.27 Turkey Mar 1.28 3.00 4.50 6.80 0.90 0.00 1.08 Apr 1.28 3.05 4.50 6.80 0.90 0.00 1.13 Pakistan Mar 2.10 5.00 5.50 10.60 0.05 0.00 1.95 Apr 2.10 5.30 5.20 10.60 0.05 0.00 1.95 Indonesia Mar 0.41 3/ 1.90 1.90 0.02 0.00 0.40 Apr 0.41 3/ 1.90 1.90 0.02 0.00 0.40 Thailand Mar 0.11 3/ 0.48 0.48 0.00 0.00 0.11 Apr 0.11 3/ 0.48 0.48 0.00 0.00 0.11 Bangladesh Mar 1.71 0.15 7.90 8.00 0.00 0.00 1.77 Apr 1.71 0.15 7.70 7.80 0.00 0.00 1.77 Vietnam Mar 1.02 3/ 8.00 8.00 0.00 0.00 1.02 Apr 1.02 3/ 7.80 7.80 0.00 0.00 1.02 ================================================================================ WASDE - 670 - 28 April 2026 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2023/24 World 2/ 101.82 396.40 178.54 331.25 383.87 177.76 115.13 World Less China 69.48 375.56 66.54 232.25 262.07 177.69 71.81 United States 7.19 113.27 0.57 62.20 65.44 46.27 9.32 Total Foreign 94.63 283.13 177.97 269.05 318.43 131.50 105.81 Major Exporters 3/ 54.28 217.00 8.67 94.14 105.49 120.00 54.46 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 154.50 0.87 54.41 58.26 104.17 29.76 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 35.02 24.57 144.20 126.74 157.23 0.35 46.22 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.26 2.81 13.55 14.50 16.07 0.25 1.30 Southeast Asia 5/ 0.68 0.47 9.09 4.35 9.40 0.02 0.83 Mexico 0.56 0.20 6.46 6.53 6.60 0.01 0.61 2024/25 Est. World 2/ 115.13 428.15 179.19 359.25 413.46 184.21 124.81 World Less China 71.81 407.50 71.19 255.75 286.06 184.13 80.32 United States 9.32 119.05 0.79 66.55 69.09 51.23 8.84 Total Foreign 105.81 309.11 178.40 292.70 344.37 132.98 115.97 Major Exporters 3/ 54.46 238.01 7.07 105.30 116.40 121.12 62.02 Argentina 24.05 51.11 6.32 43.24 50.04 7.87 23.57 Brazil 29.76 172.50 0.73 58.16 62.16 103.14 37.69 Paraguay 0.29 10.20 0.00 3.70 3.80 6.41 0.29 Major Importers 4/ 46.22 24.54 142.49 133.17 164.83 0.42 48.00 China 43.31 20.65 108.00 103.50 127.40 0.07 44.49 European Union 1.30 2.91 14.71 15.40 17.02 0.33 1.57 Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.18 0.01 1.18 Mexico 0.61 0.28 6.43 6.65 6.74 0.00 0.59 2025/26 Proj. World 2/ Mar 123.84 427.18 185.61 367.96 424.16 187.17 125.31 Apr 124.81 427.41 185.63 369.35 425.88 187.17 124.79 World Less China Mar 79.35 406.28 73.61 259.96 291.26 187.07 80.92 Apr 80.32 406.51 73.63 261.35 292.98 187.07 80.40 United States Mar 8.84 115.99 0.68 70.08 73.13 42.86 9.52 Apr 8.84 115.99 0.68 71.03 74.07 41.91 9.52 Total Foreign Mar 115.00 311.19 184.93 297.88 351.03 144.30 115.79 Apr 115.97 311.42 184.95 298.32 351.80 145.26 115.27 Major Exporters 3/ Mar 61.14 242.60 8.03 105.77 117.35 132.85 61.58 Apr 62.02 242.60 8.23 106.27 117.85 133.90 61.11 Argentina Mar 23.57 48.00 7.50 41.00 47.90 8.25 22.92 Apr 23.57 48.00 7.30 41.00 47.90 8.25 22.72 Brazil Mar 36.81 180.00 0.50 61.00 65.40 114.00 37.91 Apr 37.69 180.00 0.90 61.50 65.90 115.00 37.69 Paraguay Mar 0.29 11.50 0.02 3.60 3.73 7.70 0.38 Apr 0.29 12.00 0.02 3.60 3.73 8.20 0.38 Major Importers 4/ Mar 48.06 24.63 146.74 137.95 170.90 0.43 48.11 Apr 48.00 24.71 146.74 138.00 171.00 0.43 48.02 China Mar 44.49 20.90 112.00 108.00 132.90 0.10 44.39 Apr 44.49 20.90 112.00 108.00 132.90 0.10 44.39 European Union Mar 1.60 2.79 14.00 15.00 16.52 0.30 1.57 Apr 1.57 2.85 14.00 15.00 16.57 0.30 1.55 Southeast Asia 5/ Mar 1.18 0.42 10.94 5.80 11.24 0.02 1.27 Apr 1.18 0.42 10.94 5.80 11.24 0.02 1.28 Mexico Mar 0.59 0.28 6.70 6.80 6.89 0.01 0.68 Apr 0.59 0.31 6.70 6.85 6.95 0.01 0.64 ================================================================================ WASDE - 670 - 29 April 2026 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 14.19 260.04 69.61 255.07 74.14 14.62 World Less China 13.25 181.63 69.57 177.92 72.71 13.83 United States 0.34 49.08 0.62 35.07 14.56 0.41 Total Foreign 13.85 210.96 68.98 220.00 59.58 14.21 Major Exporters 3/ 6.31 79.43 0.05 30.58 49.58 5.64 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 3.82 41.86 0.02 20.00 22.72 2.97 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.68 21.78 38.42 58.68 0.87 2.32 European Union 0.51 11.46 16.56 27.04 0.65 0.84 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.98 3.39 18.10 21.04 0.22 1.21 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Est. World 2/ 14.62 282.05 77.72 272.89 83.07 18.44 World Less China 13.83 200.08 77.67 192.04 82.05 17.49 United States 0.41 53.02 0.73 37.23 16.57 0.36 Total Foreign 14.21 229.03 76.98 235.66 66.50 18.08 Major Exporters 3/ 5.64 86.91 0.29 31.03 54.95 6.86 Argentina 2.44 33.72 0.28 3.53 29.78 3.14 Brazil 2.97 44.38 0.01 20.50 23.39 3.47 India 0.22 8.80 0.01 7.00 1.78 0.25 Major Importers 4/ 2.32 23.31 44.01 65.10 1.05 3.48 European Union 0.84 12.17 20.61 31.24 0.65 1.72 Mexico 0.16 5.26 2.35 7.45 0.00 0.31 Southeast Asia 5/ 1.21 3.99 19.44 22.91 0.40 1.33 China 0.79 81.97 0.05 80.85 1.02 0.94 2025/26 Proj. World 2/ Mar 18.59 289.07 80.40 284.74 83.99 19.33 Apr 18.44 290.14 80.46 285.65 84.06 19.32 World Less China Mar 17.64 203.54 80.30 200.59 82.79 18.10 Apr 17.49 204.61 80.36 201.50 82.86 18.09 United States Mar 0.36 55.41 0.73 38.49 17.60 0.41 Apr 0.36 56.13 0.73 39.21 17.60 0.41 Total Foreign Mar 18.22 233.66 79.68 246.25 66.39 18.92 Apr 18.08 234.01 79.73 246.44 66.46 18.91 Major Exporters 3/ Mar 6.95 86.49 0.43 31.78 55.35 6.74 Apr 6.86 86.88 0.33 31.88 55.35 6.85 Argentina Mar 3.14 31.98 0.17 3.60 29.00 2.69 Apr 3.14 31.98 0.17 3.60 29.00 2.69 Brazil Mar 3.55 47.09 0.01 21.30 25.50 3.86 Apr 3.47 47.48 0.01 21.50 25.50 3.96 India Mar 0.25 7.42 0.25 6.88 0.85 0.20 Apr 0.25 7.42 0.15 6.78 0.85 0.20 Major Importers 4/ Mar 3.51 23.51 44.05 66.72 0.88 3.46 Apr 3.48 23.55 44.05 66.77 0.88 3.42 European Union Mar 1.76 11.85 19.45 30.94 0.60 1.52 Apr 1.72 11.85 19.45 30.94 0.60 1.48 Mexico Mar 0.31 5.37 2.55 7.90 0.00 0.33 Apr 0.31 5.41 2.55 7.94 0.00 0.33 Southeast Asia 5/ Mar 1.33 4.52 20.35 24.42 0.28 1.50 Apr 1.33 4.52 20.35 24.42 0.28 1.50 China Mar 0.94 85.54 0.10 84.15 1.20 1.23 Apr 0.94 85.54 0.10 84.15 1.20 1.23 ================================================================================ WASDE - 670 - 30 April 2026 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 5.90 64.01 10.62 62.98 11.81 5.74 World Less China 4.89 45.20 10.24 44.08 11.70 4.54 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 5.17 51.72 10.34 50.67 11.53 5.04 Major Exporters 3/ 2.00 21.63 0.68 14.68 8.04 1.59 Argentina 0.72 7.25 0.00 1.77 5.53 0.67 Brazil 0.59 11.06 0.08 10.20 1.35 0.18 European Union 0.60 2.76 0.59 2.63 0.66 0.66 Major Importers 4/ 1.93 22.16 5.49 27.08 0.26 2.23 China 1.01 18.81 0.38 18.90 0.10 1.20 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.30 0.96 1.15 2.00 0.14 0.27 2024/25 Est. World 2/ 5.74 70.09 14.18 68.35 15.21 6.45 World Less China 4.54 49.99 13.88 47.85 14.89 5.67 United States 0.70 13.25 0.16 12.20 1.13 0.79 Total Foreign 5.04 56.84 14.01 56.15 14.08 5.66 Major Exporters 3/ 1.59 24.10 0.95 15.47 9.92 1.25 Argentina 0.67 8.63 0.11 1.98 7.10 0.32 Brazil 0.18 11.84 0.09 10.41 1.49 0.21 European Union 0.66 2.93 0.76 3.01 0.71 0.63 Major Importers 4/ 2.23 23.63 8.00 30.61 0.51 2.73 China 1.20 20.10 0.30 20.50 0.32 0.78 India 0.75 1.98 5.47 6.65 0.03 1.53 North Africa 5/ 0.27 1.21 1.29 2.27 0.17 0.33 2025/26 Proj. World 2/ Mar 6.41 71.40 12.78 70.49 13.90 6.20 Apr 6.45 71.71 12.77 70.77 13.90 6.26 World Less China Mar 5.63 50.43 12.48 49.99 13.40 5.15 Apr 5.67 50.74 12.47 50.27 13.40 5.21 United States Mar 0.79 13.57 0.17 13.18 0.54 0.81 Apr 0.79 13.76 0.14 13.31 0.54 0.84 Total Foreign Mar 5.62 57.83 12.62 57.32 13.35 5.40 Apr 5.66 57.95 12.63 57.46 13.36 5.42 Major Exporters 3/ Mar 1.24 24.15 0.80 15.72 9.10 1.37 Apr 1.25 24.25 0.82 15.82 9.10 1.41 Argentina Mar 0.32 8.18 0.05 1.98 6.15 0.42 Apr 0.32 8.18 0.07 1.98 6.15 0.44 Brazil Mar 0.19 12.44 0.10 10.95 1.50 0.28 Apr 0.21 12.54 0.10 11.05 1.50 0.30 European Union Mar 0.63 2.85 0.65 2.71 0.85 0.58 Apr 0.63 2.85 0.65 2.71 0.85 0.57 Major Importers 4/ Mar 2.71 24.32 6.62 30.64 0.70 2.31 Apr 2.73 24.33 6.62 30.66 0.70 2.33 China Mar 0.78 20.97 0.30 20.50 0.50 1.05 Apr 0.78 20.97 0.30 20.50 0.50 1.05 India Mar 1.53 1.67 4.25 6.57 0.02 0.86 Apr 1.53 1.67 4.25 6.57 0.02 0.86 North Africa 5/ Mar 0.34 1.29 1.37 2.50 0.18 0.33 Apr 0.33 1.28 1.37 2.44 0.18 0.36 ================================================================================ WASDE - 670 - 31 April 2026 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 2024 Annual 26984 27789 54947 46995 5121 52679 107626 9076 225.9 2025 I 6543 6956 13540 11571 1146 12835 26376 2148 56.9 II 6453 6706 13201 11885 1181 13192 26393 2153 58.8 III 6359 6614 13010 12432 1275 13850 26860 2217 58.2 IV 6646 7301 13986 12118 1242 13482 27468 2248 57.8 Mar Est. 26001 27577 53737 48006 4844 53359 107097 8765 231.7 Apr Est. 26001 27577 53737 48006 4844 53359 107097 8765 231.7 2026 I 6150 7055 13245 11900 1190 13220 26465 2240 58.5 II* 6450 6800 13288 12200 1215 13555 26843 2285 59.8 III* 6520 6750 13309 12500 1260 13900 27209 2325 58.7 IV* 6670 7370 14079 12300 1290 13725 27804 2350 58.2 MarProj. 25810 28275 54241 48700 4930 54175 108416 9155 234.7 AprProj. 25790 27975 53921 48900 4955 54400 108321 9200 235.3 ================================================================================ 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 2024 Annual 187.12 63.41 129.4 93.7 303.1 22.55 2025 I 205.02 63.59 130.8 94.8 675.3 23.23 II 225.22 69.69 135.9 119.3 344.4 21.20 III 239.62 77.05 121.9 156.8 283.0 20.70 IV 227.62 64.87 110.5 172.2 192.0 19.57 Mar Est. 224.37 68.80 124.8 135.8 373.7 21.17 Apr Est. 224.37 68.80 124.8 135.8 373.7 21.17 2026 I 238.65 64.50 119.5 170.0 125.2 18.30 II* 241.00 72.00 125.0 155.0 80.0 21.50 III* 242.00 75.00 125.0 150.0 85.0 21.10 IV* 245.00 65.00 125.0 150.0 120.0 21.10 MarProj. 242.0 70.0 124.0 156.0 118.0 19.70 AprProj. 242.0 69.0 124.0 156.0 103.0 20.50 ================================================================================ WASDE - 670 - 32 April 2026 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 2024 638 27051 4635 32324 3007 602 28714 59.1 2025 Est. Mar 602 26067 5471 32140 2577 577 28986 59.3 Apr 602 26067 5471 32140 2577 577 28986 59.3 2026 Proj. Mar 577 25877 5675 32128 2395 560 29173 59.6 Apr 577 25857 5790 32223 2365 550 29308 59.8 Pork 2024 471 27804 1148 29422 7125 435 21862 49.9 2025 Est. Mar 435 27592 1116 29143 6970 430 21743 49.3 Apr 435 27592 1116 29143 6970 430 21743 49.3 2026 Proj. Mar 430 28289 1145 29864 7185 430 22249 50.3 Apr 430 27989 1150 29569 7200 430 21939 49.6 TotalRed Meat5/ 2024 1130 55038 6148 62316 10137 1058 51121 110.4 2025 Est. Mar 1058 53828 6959 61845 9554 1024 51268 110.1 Apr 1058 53828 6959 61845 9554 1024 51268 110.1 2026 Proj. Mar 1024 54332 7210 62566 9586 1008 51972 111.3 Apr 1024 54012 7327 62363 9572 997 51794 110.9 Broiler 2024 835 46492 150 47477 6680 761 40035 101.1 2025 Est. Mar 761 47493 152 48406 6672 786 40948 102.9 Apr 761 47493 152 48406 6672 786 40948 102.9 2026 Proj. Mar 786 48179 132 49097 6670 785 41642 104.3 Apr 786 48377 131 49294 6595 785 41914 105.0 Turkey 2024 243 5121 37 5401 486 219 4697 13.8 2025 Est. Mar 219 4844 38 5101 425 175 4501 13.2 Apr 219 4844 38 5101 425 175 4501 13.2 2026 Proj. Mar 175 4930 40 5145 400 190 4555 13.3 Apr 175 4955 40 5170 430 185 4555 13.3 Total Poultry6/ 2024 1085 52175 190 53451 7187 985 45279 116.5 2025 Est. Mar 985 52845 193 54023 7143 973 45907 117.4 Apr 985 52845 193 54023 7143 973 45907 117.4 2026 Proj. Mar 973 53653 174 54800 7118 984 46698 119.1 Apr 973 53876 173 55022 7077 979 46966 119.7 RedMeat& Poultry 2024 2215 107214 6338 115767 17324 2043 96400 226.9 2025 Est. Mar 2043 106673 7152 115868 16697 1997 97175 227.4 Apr 2043 106673 7152 115868 16697 1997 97175 227.4 2026 Proj. Mar 1997 107985 7384 117366 16704 1992 98670 230.4 Apr 1997 107888 7500 117385 16649 1976 98760 230.6 ================================================================================ WASDE - 670 - 33 April 2026 U.S. Egg Supply and Use ================================================================================ 2023 2024 2025 Est. 2025 Est. 2026Proj. 2026Proj. Commodity Mar Apr Mar Apr ================================================================================ Million Dozen Eggs Supply BeginningStocks 18.8 23.1 14.2 14.2 17.1 17.1 Production 9151.2 9076.2 8765.0 8765.0 9155.0 9200.0 Imports 27.5 30.1 121.0 121.0 40.0 21.0 Total Supply 9197.4 9129.4 8900.2 8900.2 9212.1 9238.1 Use Exports 250.5 236.7 203.3 203.3 260.0 240.0 Hatching Use 1120.4 1148.2 1163.8 1163.8 1170.0 1165.0 Ending Stocks 23.1 14.2 17.1 17.1 21.0 21.0 Disappearance Total 7803.5 7730.3 7516.0 7516.0 7761.1 7812.1 Per Capita (number) 277.8 272.8 263.8 263.8 271.6 273.4 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2023 2024 2025 Est. 2025 Est. 2026Proj. 2026Proj. Commodity Mar Apr Mar Apr ================================================================================ Billion Pounds Milk Production 226.3 225.9 231.7 231.7 234.7 235.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.4 13.8 13.1 13.1 12.6 12.6 Marketings 225.3 224.9 230.7 230.7 233.7 234.3 Imports 7.4 9.1 7.4 7.4 8.2 7.7 Total Supply 247.1 247.8 251.1 251.1 254.5 254.6 FatBasisUse Exports 10.5 11.8 16.7 16.7 18.0 19.5 Ending Stocks 13.8 13.1 12.6 12.6 13.1 12.9 Domestic Use 222.8 222.9 221.7 221.7 223.4 222.2 Skim-solidBasisSupply BeginningStocks 11.7 9.8 9.4 9.4 9.2 9.2 Marketings 225.3 224.9 230.7 230.7 233.7 234.3 Imports 6.3 6.8 6.9 6.9 7.0 6.8 Total Supply 243.3 241.5 247.0 247.0 249.8 250.3 Skim-solidBasisUse Exports 49.9 48.9 48.2 48.2 48.3 49.0 Ending Stocks 9.8 9.4 9.2 9.2 9.0 9.2 Domestic Use 183.6 183.3 189.6 189.6 192.6 192.1 ================================================================================ WASDE - 670 - 34 April 2026 U.S. Dairy Prices ================================================================================ Commod- 2023 2024 2025 Est. 2025 Est. 2026 Proj. 2026 Proj. ity Mar Apr Mar Apr ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.7593 1.8634 1.7878 1.7878 1.615 1.645 Butter 2.6170 2.8870 2.2202 2.2202 1.870 1.815 Nonfat Dry Milk 1.1856 1.2420 1.2348 1.2348 1.390 1.575 Dry Whey 0.3618 0.4913 0.5956 0.5956 0.660 0.660 Milk Prices 2/ Dollars Per Cwt ClassIII 17.02 18.89 18.01 18.01 16.65 16.90 Class IV 19.12 20.75 17.38 17.38 17.15 18.60 All Milk 3/ 20.34 22.55 21.17 21.17 19.70 20.50 ================================================================================ WASDE - 670 - 35 April 2026 Reliability of April 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 0.5 0.8 2.0 0.1 6.8 30 14 U.S. 0.2 0.3 0.1 0.0 0.3 20 12 Foreign 0.5 0.9 2.0 0.2 6.8 30 14 Exports World 3.8 6.4 4.3 0.4 14.3 35 9 U.S. 2.4 4.1 0.6 0.0 2.1 19 24 Foreign 4.9 8.2 4.3 0.1 13.3 35 9 Domestic Use World 0.7 1.2 3.4 0.1 9.4 20 24 U.S. 3.0 5.1 0.7 0.0 2.2 16 28 Foreign 0.7 1.2 3.2 0.0 9.6 20 23 Ending Stocks World 3.1 5.2 4.1 0.0 14.5 31 12 U.S. 7.8 13.1 0.9 0.0 4.1 27 17 Foreign 3.4 5.7 3.6 0.0 12.6 32 11 COARSE GRAINS 2/ Production World 1.0 1.7 9.1 0.3 42.1 35 9 U.S. 0.2 0.3 0.2 0.0 1.8 18 12 Foreign 1.5 2.4 9.1 0.3 42.1 35 9 Exports World 4.5 7.5 4.8 0.1 21.8 31 13 U.S. 6.7 11.3 2.9 0.0 7.2 25 19 Foreign 7.1 12.0 4.9 0.3 21.2 32 12 Domestic Use World 0.9 1.4 6.6 0.0 20.3 21 23 U.S. 2.2 3.8 3.3 0.1 16.8 17 27 Foreign 1.0 1.7 6.5 0.2 22.7 26 18 Ending Stocks World 9.2 15.5 11.7 0.2 144.9 37 7 U.S. 11.0 18.4 3.6 0.0 12.1 21 23 Foreign 11.6 19.5 10.4 0.5 144.9 38 6 RICE, milled Production World 1.2 2.1 3.4 0.0 13.3 36 8 U.S. 1.3 2.1 0.0 0.0 0.2 11 5 Foreign 1.3 2.1 3.4 0.0 13.3 36 8 Exports World 7.6 12.8 1.5 0.1 4.5 34 10 U.S. 6.2 10.5 0.1 0.0 0.5 20 21 Foreign 8.4 14.2 1.5 0.0 4.4 34 10 Domestic Use World 1.0 1.7 3.0 0.0 13.7 31 12 U.S. 6.7 11.4 0.2 0.0 0.5 16 27 Foreign 1.0 1.8 2.9 0.1 13.4 32 12 Ending Stocks World 7.8 13.1 4.5 0.1 26.1 31 13 U.S. 18.0 30.4 0.2 0.0 0.4 26 18 Foreign 8.1 13.6 4.5 0.1 26.1 30 14 ================================================================================ WASDE - 670 - 36 April 2026 Reliability of April 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 1.6 2.7 2.6 0.2 7.9 26 18 U.S. 1.3 2.2 0.7 0.0 3.2 19 18 Foreign 2.6 4.4 2.4 0.0 8.1 28 16 Exports World 4.9 8.2 2.8 0.1 13.2 28 16 U.S. 5.3 9.0 1.4 0.0 6.3 29 15 Foreign 10.9 18.4 2.6 0.2 15.9 25 19 Domestic Use World 1.7 2.9 2.7 0.0 10.3 24 20 U.S. 2.2 3.6 0.8 0.1 2.4 27 17 Foreign 2.1 3.5 2.3 0.0 10.4 22 22 Ending Stocks World 10.9 18.3 3.4 0.0 13.2 26 18 U.S. 33.8 57.0 1.7 0.1 6.8 18 26 Foreign 11.9 20.1 3.1 0.0 12.8 28 16 COTTON Production World 1.6 2.7 1.2 0.0 5.2 31 12 U.S. 0.4 0.6 0.0 0.0 0.2 17 18 Foreign 1.9 3.2 1.2 0.0 5.1 30 13 Exports World 4.2 7.1 1.1 0.1 4.2 28 16 U.S. 4.7 8.0 0.4 0.0 1.4 20 21 Foreign 5.5 9.2 1.0 0.1 3.9 26 18 Domestic Use World 2.2 3.7 1.7 0.0 8.5 26 18 U.S. 6.1 10.3 0.2 0.0 0.8 20 18 Foreign 2.2 3.7 1.6 0.2 7.8 26 18 Ending Stocks World 7.1 11.9 3.2 0.0 9.0 27 17 U.S. 14.4 24.2 0.5 0.0 1.6 19 25 Foreign 7.6 12.7 3.1 0.1 9.1 25 19 ================================================================================ WASDE - 670 - 37 April 2026 Reliability of United States April 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 6.9 11.6 106 13 280 22 22 Domestic Use 2.1 3.6 116 5 474 18 26 Ending Stocks 12.5 21.0 143 3 470 21 23 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.5 19.4 19 0 72 28 15 Domestic Use 9.9 16.6 21 0 158 17 25 Ending Stocks 37.3 62.7 20 0 148 19 24 BARLEY Production 0.9 1.6 1 0 11 22 4 Exports 16.3 27.4 3 0 13 13 25 Domestic Use 5.4 9.0 10 0 64 20 21 Ending Stocks 12.2 20.5 11 0 52 27 16 OATS Production 0.4 0.6 0 0 2 5 4 Exports 32.2 54.3 0 0 3 7 7 Domestic Use 3.8 6.5 8 0 26 13 28 Ending Stocks 14.0 23.5 9 1 30 29 15 Thousand Short Tons SOYBEAN MEAL Production 2.6 4.3 794 4 2667 32 12 Exports 7.7 13.0 560 25 2326 34 10 Domestic Use 2.1 3.6 504 100 2066 29 15 Ending Stocks 33.1 55.7 66 0 253 17 24 Million Pounds SOYBEAN OIL Production 2.5 4.2 377 15 1058 33 11 Exports 18.1 30.4 229 0 777 29 14 Domestic Use 1.9 3.2 249 0 576 25 18 Ending Stocks 17.0 28.6 237 5 753 28 16 ANIMAL PROD. 3/ Million Pounds Beef 2.3 3.9 480 19 1388 28 16 Pork 2.1 3.5 307 10 983 24 20 Broilers 1.3 2.2 311 6 1006 29 15 Turkeys 2.6 4.5 107 3 398 19 25 Million Dozen Eggs 1.6 2.7 94 4 433 28 16 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 21 22 ================================================================================