WASDE - 648 - 8 May 2024 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 2754.69 3552.88 495.63 2771.22 781.67 2023/24 (Est.) 2807.19 3588.85 507.57 2816.56 772.29 2024/25 (Proj.) Apr NA NA NA NA NA May 2838.41 3610.70 502.69 2841.53 769.17 Wheat 2022/23 789.19 1062.36 220.66 791.94 270.42 2023/24 (Est.) 787.72 1058.13 215.65 800.34 257.80 2024/25 (Proj.) Apr NA NA NA NA NA May 798.19 1055.98 216.00 802.37 253.61 Coarse Grains 5/ 2022/23 1449.72 1791.07 220.35 1459.01 332.05 2023/24 (Est.) 1502.13 1834.18 238.68 1494.60 339.58 2024/25 (Proj.) Apr NA NA NA NA NA May 1512.62 1852.20 232.92 1512.76 339.45 Rice, milled 2022/23 515.78 699.46 54.62 520.26 179.20 2023/24 (Est.) 517.34 696.54 53.24 521.63 174.91 2024/25 (Proj.) Apr NA NA NA NA NA May 527.61 702.52 53.76 526.40 176.12 United States Total Grains 4/ 2022/23 406.43 471.36 67.73 350.03 53.60 2023/24 (Est.) 459.13 520.48 83.54 362.85 74.09 2024/25 (Proj.) Apr NA NA NA NA NA May 449.32 530.61 86.85 365.07 78.69 Wheat 2022/23 44.90 66.57 20.65 30.42 15.50 2023/24 (Est.) 49.31 68.63 19.60 30.32 18.71 2024/25 (Proj.) Apr NA NA NA NA NA May 50.56 72.54 21.09 30.59 20.85 Coarse Grains 5/ 2022/23 356.45 397.18 45.04 315.00 37.14 2023/24 (Est.) 402.89 442.59 60.96 327.54 54.08 2024/25 (Proj.) Apr NA NA NA NA NA May 391.77 448.37 62.59 329.40 56.39 Rice, milled 2022/23 5.08 7.61 2.04 4.61 0.96 2023/24 (Est.) 6.93 9.27 2.99 4.99 1.30 2024/25 (Proj.) Apr NA NA NA NA NA May 6.99 9.70 3.18 5.08 1.45 ================================================================================ WASDE - 648 - 9 May 2024 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 2348.26 3081.53 427.90 2421.19 728.07 2023/24 (Est.) 2348.06 3068.37 424.03 2453.71 698.20 2024/25 (Proj.) Apr NA NA NA NA NA May 2389.09 3080.10 415.83 2476.46 690.49 Wheat 2022/23 744.30 995.79 200.01 761.52 254.91 2023/24 (Est.) 738.40 989.51 196.06 770.02 239.08 2024/25 (Proj.) Apr NA NA NA NA NA May 747.63 983.45 194.91 771.78 232.76 Coarse Grains 5/ 2022/23 1093.27 1393.89 175.31 1144.01 294.92 2023/24 (Est.) 1099.24 1391.60 177.72 1167.05 285.50 2024/25 (Proj.) Apr NA NA NA NA NA May 1120.85 1403.84 170.34 1183.36 283.06 Rice, milled 2022/23 510.70 691.85 52.58 515.66 178.24 2023/24 (Est.) 510.41 687.27 50.25 516.64 173.61 2024/25 (Proj.) Apr NA NA NA NA NA May 520.61 692.82 50.59 521.32 174.67 ================================================================================ 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 2022/23 116.31 190.81 37.11 111.67 80.42 2023/24 (Est.) 113.57 193.98 44.48 113.36 80.48 2024/25 (Proj.) Apr NA NA NA NA NA May 119.05 199.52 44.98 116.86 83.01 United States 2022/23 14.47 18.52 12.77 2.05 4.25 2023/24 (Est.) 12.07 16.32 12.30 1.80 2.40 2024/25 (Proj.) Apr NA NA NA NA NA May 16.00 18.41 13.00 1.90 3.70 Foreign 4/ 2022/23 101.84 172.29 24.34 109.62 76.17 2023/24 (Est.) 101.50 177.66 32.18 111.56 78.08 2024/25 (Proj.) Apr NA NA NA NA NA May 103.05 181.12 31.98 114.96 79.31 ================================================================================ WASDE - 648 - 10 May 2024 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 2022/23 637.72 749.21 201.67 525.47 118.92 2023/24 (Est.) 658.14 777.06 198.29 543.56 128.39 2024/25 (Proj.) Apr NA NA NA NA NA May 687.06 815.45 206.84 560.84 144.84 Oilmeals 2022/23 357.49 377.40 97.81 355.42 17.01 2023/24 (Est.) 370.84 387.85 103.48 365.21 18.41 2024/25 (Proj.) Apr NA NA NA NA NA May 384.14 402.55 106.98 377.39 20.67 Vegetable Oils 2022/23 218.33 248.17 88.90 211.26 31.86 2023/24 (Est.) 223.80 255.66 88.33 218.86 31.80 2024/25 (Proj.) Apr NA NA NA NA NA May 228.28 260.08 88.27 224.91 29.91 United States Oilseeds 2022/23 125.75 136.42 55.12 64.16 8.85 2023/24 (Est.) 122.24 132.33 47.49 66.68 10.80 2024/25 (Proj.) Apr NA NA NA NA NA May 131.16 143.05 50.83 70.32 13.76 Oilmeals 2022/23 49.94 54.60 13.50 40.69 0.41 2023/24 (Est.) 51.58 56.18 14.53 41.20 0.44 2024/25 (Proj.) Apr NA NA NA NA NA May 54.24 58.97 15.90 42.58 0.50 Vegetable Oils 2022/23 13.18 20.75 0.33 19.28 1.14 2023/24 (Est.) 13.58 21.51 0.31 20.06 1.15 2024/25 (Proj.) Apr NA NA NA NA NA May 14.29 22.54 0.37 20.93 1.24 Foreign 3/ Oilseeds 2022/23 511.97 612.79 146.55 461.30 110.07 2023/24 (Est.) 535.90 644.73 150.80 476.88 117.59 2024/25 (Proj.) Apr NA NA NA NA NA May 555.90 672.40 156.01 490.52 131.08 Oilmeals 2022/23 307.55 322.80 84.32 314.74 16.59 2023/24 (Est.) 319.27 331.67 88.95 324.01 17.97 2024/25 (Proj.) Apr NA NA NA NA NA May 329.90 343.58 91.08 334.81 20.17 Vegetable Oils 2022/23 205.15 227.42 88.57 191.98 30.73 2023/24 (Est.) 210.22 234.15 88.02 198.80 30.65 2024/25 (Proj.) Apr NA NA NA NA NA May 213.99 237.54 87.89 203.98 28.67 ================================================================================ WASDE - 648 - 11 May 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Acres Area Planted 45.8 49.6 NA 47.5* Area Harvested 35.5 37.3 NA 38.0* Bushels Yield per Harvested Acre 46.5 48.6 NA 48.9* Million Bushels Beginning Stocks 674 570 NA 688 Production 1650 1812 NA 1858 Imports 122 140 NA 120 Supply, Total 2446 2522 NA 2665 Food 973 960 NA 962 Seed 68 64 NA 62 Feed and Residual 77 90 NA 100 Domestic, Total 1118 1114 NA 1124 Exports 759 720 NA 775 Use, Total 1876 1834 NA 1899 Ending Stocks 570 688 NA 766 Avg.FarmPrice ($/bu) 2/ 8.83 7.10 NA 6.00 ================================================================================ 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 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 18 65 7 6 44 140 Supply, Total 3/ 842 688 546 315 131 2522 Food 382 253 158 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 25 -10 90 -10 -5 90 Domestic Use 434 259 260 80 81 1114 Exports 138 240 160 155 27 720 Use, Total 572 499 420 235 108 1834 Ending Stocks, Total May 270 189 126 80 23 688 Apr 277 197 119 80 25 698 ================================================================================ WASDE - 648 - 12 May 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 NA 101.3* Area Harvested 86.6 96.0 NA 90.5* Metric Tons Yield per Harvested Acre 4.11 4.19 NA 4.33 Million Metric Tons Beginning Stocks 37.5 37.1 NA 54.1 Production 356.1 402.6 NA 391.5 Imports 2.9 2.2 NA 2.2 Supply, Total 396.5 442.0 NA 447.8 Feed and Residual 142.3 148.3 NA 149.8 Food, Seed & Industrial 172.1 178.7 NA 179.1 Domestic, Total 314.4 327.0 NA 328.9 Exports 45.0 61.0 NA 62.6 Use, Total 359.4 387.9 NA 391.4 Ending Stocks 37.1 54.1 NA 56.4 Million Acres CORN Area Planted 88.2 94.6 NA 90.0* Area Harvested 78.7 86.5 NA 82.1* Bushels Yield per Harvested Acre 173.4 177.3 NA 181.0* Million Bushels Beginning Stocks 1377 1360 NA 2022 Production 13651 15342 NA 14860 Imports 39 25 NA 25 Supply, Total 15066 16727 NA 16907 Feed and Residual 5486 5700 NA 5750 Food,Seed& Industrial 2/ 6558 6855 NA 6855 Ethanol & by-products 3/ 5176 5450 NA 5450 Domestic, Total 12045 12555 NA 12605 Exports 1661 2150 NA 2200 Use, Total 13706 14705 NA 14805 Ending Stocks 1360 2022 NA 2102 Avg.FarmPrice ($/bu) 4/ 6.54 4.65 NA 4.40 ================================================================================ WASDE - 648 - 13 May 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 NA 6.4* AreaHarvested(mil.acres) 4.6 6.1 NA 5.6* Yield (bushels/acre) 41.1 52.0 NA 69.3* Beginning Stocks 47 24 NA 22 Production 188 318 NA 388 Imports 0 0 NA 0 Supply, Total 235 342 NA 410 Feed and Residual 42 50 NA 70 Food, Seed & Industrial 59 25 NA 45 Total Domestic 102 75 NA 115 Exports 109 245 NA 260 Use, Total 211 320 NA 375 Ending Stocks 24 22 NA 35 Avg.FarmPrice ($/bu) 2/ 5.94 4.90 NA 4.40 BARLEY AreaPlanted (mil. acres) 2.9 3.1 NA 2.6* AreaHarvested(mil.acres) 2.4 2.6 NA 2.1* Yield (bushels/acre) 71.7 72.4 NA 76.7* Beginning Stocks 37 66 NA 76 Production 174 185 NA 161 Imports 24 14 NA 14 Supply, Total 235 265 NA 251 Feed and Residual 35 60 NA 50 Food, Seed & Industrial 132 125 NA 120 Total Domestic 167 185 NA 170 Exports 2 4 NA 3 Use, Total 169 189 NA 173 Ending Stocks 66 76 NA 78 Avg.FarmPrice ($/bu) 2/ 7.40 7.35 NA 6.30 OATS AreaPlanted (mil. acres) 2.6 2.6 NA 2.3* AreaHarvested(mil.acres) 0.9 0.8 NA 0.7* Yield (bushels/acre) 65.5 68.6 NA 67.1* Beginning Stocks 33 35 NA 34 Production 58 57 NA 47 Imports 84 75 NA 75 Supply, Total 174 167 NA 156 Feed and Residual 57 50 NA 45 Food, Seed & Industrial 81 81 NA 82 Total Domestic 138 131 NA 127 Exports 2 2 NA 2 Use, Total 140 133 NA 129 Ending Stocks 35 34 NA 27 Avg.FarmPrice ($/bu) 2/ 4.57 3.90 NA 3.60 ================================================================================ WASDE - 648 - 14 May 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 NA 2.93* Area Harvested 2.17 2.85 NA 2.88* Pounds Yield per Harvested Acre 7385 7649 NA 7635* Million Hundredweight Beginning Stocks 2/ 39.7 30.3 NA 40.8 Production 160.0 218.3 NA 220.2 Imports 39.9 43.3 NA 44.5 Supply, Total 239.7 291.8 NA 305.5 Domestic & Residual 3/ 145.1 157.0 NA 160.0 Exports, Total 4/ 64.3 94.0 NA 100.0 Rough 18.1 43.0 NA 44.0 Milled (rough equiv.) 46.2 51.0 NA 56.0 Use, Total 209.4 251.0 NA 260.0 Ending Stocks 30.3 40.8 NA 45.5 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 18.00 NA 15.60 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 Yield (pounds/acre) 7225 7524 Beginning Stocks 24.6 21.2 NA 18.0 Imports 31.9 36.0 NA 37.0 Production 128.5 153.9 NA 169.3 Supply, Total 7/ 185.0 211.0 NA 224.3 Domestic & Residual 3/ 114.0 120.0 NA 123.0 Exports 8/ 49.8 73.0 NA 75.0 Use, Total 163.8 193.0 NA 198.0 Ending Stocks 21.2 18.0 NA 26.3 Avg.FarmPrice($/cwt) 6/ 16.70 16.10 NA 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 NA 20.5 Imports 8.0 7.3 NA 7.5 Production 31.6 64.4 NA 50.9 Supply, Total 7/ 52.4 78.5 NA 78.9 Domestic & Residual 3/ 31.1 37.0 NA 37.0 Exports 8/ 14.5 21.0 NA 25.0 Use, Total 45.6 58.0 NA 62.0 Ending Stocks 6.8 20.5 NA 16.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 25.00 NA 19.80 California 10/ 40.90 29.00 NA 22.00 Other States 1/ 18.20 17.90 NA 15.00 ================================================================================ WASDE - 648 - 15 May 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 NA 86.5* Area Harvested 86.2 82.4 NA 85.6* Bushels Yield per Harvested Acre 49.6 50.6 NA 52.0* Million Bushels Beginning Stocks 274 264 NA 340 Production 4270 4165 NA 4450 Imports 25 25 NA 15 Supply, Total 4569 4454 NA 4805 Crushings 2212 2300 NA 2425 Exports 1992 1700 NA 1825 Seed 75 77 NA 78 Residual 27 37 NA 32 Use, Total 4305 4114 NA 4360 Ending Stocks 264 340 NA 445 Avg.FarmPrice ($/bu) 2/ 14.20 12.55 NA 11.20 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 NA 1677 Production 4/ 26227 27070 NA 28515 Imports 376 550 NA 450 Supply, Total 28594 29227 NA 30642 Domestic Disappearance 26609 27200 NA 28300 Biofuel 3/ 12491 13000 NA 14000 Food, Feed & other Industrial 14118 14200 NA 14300 Exports 378 350 NA 500 Use, Total 26987 27550 NA 28800 Ending stocks 1607 1677 NA 1842 Avg. Price (c/lb) 2/ 65.26 48.00 NA 42.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 NA 400 Production 4/ 52493 54254 NA 57075 Imports 632 600 NA 600 Supply, Total 53436 55225 NA 58075 Domestic Disappearance 38402 39025 NA 40325 Exports 14664 15800 NA 17300 Use, Total 53065 54825 NA 57625 Ending Stocks 371 400 NA 450 Avg. Price ($/s.t.) 2/ 451.91 380.00 NA 330.00 ================================================================================ WASDE - 648 - 16 May 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2023/24 Est. 2024/25 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 1843 1758 Production 2/ 9250 9215 9131 9232 Beet Sugar 5187 5144 5095 5111 Cane Sugar 4063 4071 4036 4121 Florida 1985 2095 2060 2036 Louisiana 2001 1936 1936 2085 Texas 76 40 40 0 Imports 3614 3417 3438 3028 TRQ 3/ 1862 1775 1798 1415 Other Program 4/ 141 288 288 200 Non-program 1611 1354 1352 1413 Mexico 1156 499 497 1197 High-tier tariff/other 455 855 855 216 Total Supply 14685 14474 14411 14019 Exports 82 198 198 100 Deliveries 12589 12555 12455 12455 Food 12473 12450 12350 12350 Other 5/ 116 105 105 105 Miscellaneous 171 0 0 0 Total Use 12843 12753 12653 12555 Ending Stocks 1843 1722 1758 1464 Stocks to Use Ratio 14.3 13.5 13.9 11.7 ================================================================================ 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. Apr 835 4572 575 4618 471 894 May 835 4649 575 4618 569 872 2024/25 Proj. Apr NA NA NA NA NA NA May 872 5189 525 4661 1024 900 ================================================================================ WASDE - 648 - 17 May 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Apr May ================================================================================ Million Acres Planted 13.75 10.23 NA 10.67* Harvested 7.29 6.44 NA 9.13* Pounds Yield per Harvested Acre 953 899 NA 842* Million 480 Pound Bales Beginning Stocks 4.05 4.25 NA 2.40 Production 14.47 12.07 NA 16.00 Imports 0.00 0.01 NA 0.01 Supply, Total 18.52 16.32 NA 18.41 Domestic Use 2.05 1.80 NA 1.90 Exports, Total 12.77 12.30 NA 13.00 Use, Total 14.82 14.10 NA 14.90 Unaccounted 2/ -0.55 -0.18 NA -0.20 Ending Stocks 4.25 2.40 NA 3.70 Avg. Farm Price 3/ 84.8 76.0 NA 74.0 ================================================================================ WASDE - 648 - 18 May 2024 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/ 273.16 789.19 212.06 154.91 791.94 220.66 270.42 World Less China 136.41 651.47 198.78 121.91 643.94 219.71 131.60 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.81 744.30 208.75 152.82 761.52 200.01 254.91 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.35 161.28 44.93 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 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.25 48.00 14.14 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 172.92 206.07 134.01 50.69 320.41 15.13 177.46 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 17.24 29.68 1.67 46.62 0.77 12.25 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/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. World 3/ 270.42 787.72 213.74 160.08 800.34 215.65 257.80 World Less China 131.60 651.13 202.24 123.08 646.84 214.75 125.29 United States 15.50 49.31 3.81 2.45 30.32 19.60 18.71 Total Foreign 254.91 738.40 209.93 157.63 770.02 196.06 239.08 Major Exporters 4/ 44.93 322.51 14.73 76.25 184.05 159.50 38.62 Argentina 3.97 15.91 0.05 0.25 7.05 9.00 3.88 Australia 4.37 26.00 0.20 3.50 7.00 20.50 3.07 Canada 3.51 31.95 0.60 4.50 9.70 24.00 2.37 European Union 5/ 16.04 134.15 13.50 47.50 112.00 35.00 16.69 Russia 14.14 91.50 0.30 18.00 41.00 53.50 11.44 Ukraine 2.90 23.00 0.08 2.50 7.30 17.50 1.18 Major Importers 6/ 177.46 207.34 130.67 54.97 328.07 18.48 168.92 Bangladesh 0.83 1.10 6.30 0.25 7.15 0.00 1.08 Brazil 1.80 8.10 5.70 0.60 12.00 2.70 0.90 China 138.82 136.59 11.50 37.00 153.50 0.90 132.51 Japan 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ 12.25 16.37 30.10 1.75 46.75 1.50 10.47 Nigeria 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ 12.26 20.77 19.77 3.02 39.52 0.76 12.52 Southeast Asia 9/ 3.59 0.00 27.80 8.20 25.75 1.12 4.52 Selected Other India 9.50 110.55 0.12 6.75 112.34 0.33 7.50 Kazakhstan 3.27 12.11 2.50 1.30 6.25 9.50 2.13 United Kingdom 2.50 13.98 2.60 7.10 15.25 0.70 3.13 ================================================================================ WASDE - 648 - 19 May 2024 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/ Apr NA NA NA NA NA NA NA May 257.80 798.19 209.42 151.76 802.37 216.00 253.61 World Less China Apr NA NA NA NA NA NA NA May 125.29 658.19 198.42 118.76 652.37 215.10 121.01 United States Apr NA NA NA NA NA NA NA May 18.71 50.56 3.27 2.72 30.59 21.09 20.85 Total Foreign Apr NA NA NA NA NA NA NA May 239.08 747.63 206.16 149.04 771.78 194.91 232.76 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 38.62 321.00 12.14 73.75 181.55 158.50 31.71 Argentina Apr NA NA NA NA NA NA NA May 3.88 17.00 0.01 0.25 7.05 11.50 2.34 Australia Apr NA NA NA NA NA NA NA May 3.07 29.00 0.20 3.50 7.00 22.50 2.77 Canada Apr NA NA NA NA NA NA NA May 2.37 34.00 0.55 4.00 9.30 24.50 3.12 European Union 5/ Apr NA NA NA NA NA NA NA May 16.69 132.00 11.00 46.50 111.25 34.00 14.44 Russia Apr NA NA NA NA NA NA NA May 11.44 88.00 0.30 17.00 39.75 52.00 7.99 Ukraine Apr NA NA NA NA NA NA NA May 1.18 21.00 0.08 2.50 7.20 14.00 1.06 Major Importers 6/ Apr NA NA NA NA NA NA NA May 168.92 212.43 131.32 50.53 325.80 17.91 168.97 Bangladesh Apr NA NA NA NA NA NA NA May 1.08 1.10 6.40 0.25 7.45 0.00 1.13 Brazil Apr NA NA NA NA NA NA NA May 0.90 9.50 5.50 0.50 11.90 3.00 1.00 China Apr NA NA NA NA NA NA NA May 132.51 140.00 11.00 33.00 150.00 0.90 132.61 Japan Apr NA NA NA NA NA NA NA May 1.13 1.16 5.30 0.65 6.10 0.30 1.19 N. Africa 7/ Apr NA NA NA NA NA NA NA May 10.47 16.00 31.50 1.65 47.00 1.10 9.87 Nigeria Apr NA NA NA NA NA NA NA May 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 12.52 22.09 19.42 3.03 40.11 0.81 13.12 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.52 0.00 26.90 8.05 25.95 1.14 4.33 India Apr NA NA NA NA NA NA NA May 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Kazakhstan Apr NA NA NA NA NA NA NA May 2.13 14.50 2.00 1.50 6.45 10.50 1.68 United Kingdom Apr NA NA NA NA NA NA NA May 3.13 11.20 3.00 6.00 14.00 0.60 2.73 ================================================================================ WASDE - 648 - 20 May 2024 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/ 341.35 1449.72 213.13 891.84 1459.01 220.35 332.05 World Less China 131.33 1164.01 180.51 661.59 1137.45 220.34 125.29 United States 37.48 356.45 3.25 142.39 315.00 45.04 37.14 Total Foreign 303.88 1093.27 209.87 749.45 1144.01 175.31 294.92 Major Exporters 4/ 30.35 331.29 4.60 139.31 190.91 145.91 29.42 Argentina 5.58 42.84 0.02 11.65 17.58 28.75 2.11 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92 Brazil 4.47 143.49 1.98 67.35 84.99 54.28 10.67 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.08 29.92 3.79 Major Importers 5/ 38.36 229.17 135.95 272.95 354.46 13.07 35.94 European Union 6/ 18.81 132.96 25.51 111.78 150.44 11.11 15.72 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.12 32.85 54.91 62.69 1.06 6.85 Saudi Arabia 1.41 0.25 7.61 7.51 7.85 0.00 1.41 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. World 3/ 332.05 1502.13 225.54 913.86 1494.60 238.68 339.58 World Less China 125.29 1204.99 184.44 672.86 1161.30 238.65 127.90 United States 37.14 402.89 2.56 148.42 327.54 60.96 54.08 Total Foreign 294.92 1099.24 222.98 765.44 1167.05 177.72 285.50 Major Exporters 4/ 29.42 326.26 5.70 139.40 191.58 149.57 20.24 Argentina 2.11 61.28 0.02 12.21 18.47 42.50 2.43 Australia 3.92 14.34 0.00 5.86 7.74 8.66 1.86 Brazil 10.67 128.15 1.88 68.64 86.18 50.14 4.38 Canada 3.72 27.16 3.30 17.40 25.34 5.80 3.03 Russia 2.32 42.54 0.10 21.94 31.04 11.80 2.12 Ukraine 3.79 38.28 0.02 6.77 9.40 28.45 4.24 Major Importers 5/ 35.94 229.42 139.16 275.89 359.23 13.63 31.66 European Union 6/ 15.72 135.96 23.15 110.40 150.07 10.50 14.27 Japan 1.45 0.25 17.01 13.32 17.22 0.00 1.49 Mexico 5.20 28.42 21.90 32.78 52.73 0.05 2.74 N. Afr & Mideast 7/ 6.85 33.32 36.09 59.45 67.73 2.52 6.01 Saudi Arabia 1.41 0.24 6.11 6.02 6.36 0.00 1.40 Southeast Asia 8/ 2.86 30.96 18.51 40.05 48.50 0.56 3.26 South Korea 1.91 0.16 11.71 9.34 11.83 0.00 1.96 Selected Other China 206.77 297.14 41.10 241.00 333.30 0.03 211.68 ================================================================================ WASDE - 648 - 21 May 2024 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/ Apr NA NA NA NA NA NA NA May 339.58 1512.62 225.14 936.85 1512.76 232.92 339.45 World Less China Apr NA NA NA NA NA NA NA May 127.90 1212.32 183.69 689.20 1172.81 232.90 125.99 United States Apr NA NA NA NA NA NA NA May 54.08 391.77 2.51 149.86 329.40 62.59 56.39 Total Foreign Apr NA NA NA NA NA NA NA May 285.50 1120.85 222.63 786.99 1183.36 170.34 283.06 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 20.24 329.33 4.58 140.54 193.05 143.36 17.75 Argentina Apr NA NA NA NA NA NA NA May 2.43 59.99 0.01 12.43 18.84 40.70 2.89 Australia Apr NA NA NA NA NA NA NA May 1.86 14.87 0.00 5.49 7.36 7.61 1.76 Brazil Apr NA NA NA NA NA NA NA May 4.38 133.76 2.02 70.05 87.59 49.09 3.49 Canada Apr NA NA NA NA NA NA NA May 3.03 28.68 2.29 17.40 25.45 5.73 2.82 Russia Apr NA NA NA NA NA NA NA May 2.12 41.53 0.10 21.96 31.13 10.65 1.97 Ukraine Apr NA NA NA NA NA NA NA May 4.24 32.97 0.02 6.16 8.58 26.36 2.29 Major Importers 5/ Apr NA NA NA NA NA NA NA May 31.66 243.12 140.25 285.70 369.49 13.30 32.25 European Union 6/ Apr NA NA NA NA NA NA NA May 14.27 148.19 19.49 114.79 154.68 11.97 15.30 Japan Apr NA NA NA NA NA NA NA May 1.49 0.26 16.91 13.45 17.20 0.00 1.47 Mexico Apr NA NA NA NA NA NA NA May 2.74 30.36 22.58 33.00 53.00 0.05 2.62 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.01 32.29 38.04 61.54 69.76 0.72 5.87 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.40 0.24 7.61 7.52 7.86 0.00 1.39 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.26 31.51 19.06 41.35 50.20 0.56 3.05 South Korea Apr NA NA NA NA NA NA NA May 1.96 0.16 11.80 9.43 11.92 0.00 2.00 China Apr NA NA NA NA NA NA NA May 211.68 300.30 41.45 247.65 339.95 0.03 213.46 ================================================================================ WASDE - 648 - 22 May 2024 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/ 313.59 1157.88 173.46 732.08 1170.56 180.36 300.91 World Less China 104.46 880.68 154.75 514.08 871.56 180.35 94.87 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 278.62 811.14 172.48 592.71 864.61 138.17 266.36 Major Exporters 4/ 19.40 232.93 1.49 91.30 120.10 116.03 17.69 Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32 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 0.07 6.90 13.00 3.50 2.62 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.59 118.42 95.26 157.25 211.95 5.10 20.21 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.21 55.50 75.20 4.20 7.61 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 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 2.13 9.59 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 300.91 1228.09 185.75 760.25 1215.92 197.38 313.08 World Less China 94.87 939.25 162.75 535.25 908.92 197.36 102.22 United States 34.55 389.69 0.64 144.79 318.91 54.61 51.36 Total Foreign 266.36 838.40 185.11 615.46 897.01 142.77 261.72 Major Exporters 4/ 17.69 236.60 1.53 93.60 122.90 121.80 11.12 Argentina 1.32 53.00 0.02 10.40 14.80 38.00 1.54 Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84 Russia 0.91 16.60 0.05 9.90 11.00 5.60 0.96 South Africa 2.62 14.00 0.15 6.40 12.70 2.20 1.87 Ukraine 2.80 31.00 0.02 3.90 4.90 26.00 2.91 Major Importers 5/ 20.21 122.62 99.00 163.25 218.80 4.81 18.21 Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41 European Union 6/ 7.61 61.00 21.00 57.70 77.90 4.20 7.51 Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico 4.50 23.30 21.10 28.00 46.60 0.05 2.25 Southeast Asia 7/ 2.85 30.91 17.70 39.45 47.65 0.56 3.25 South Korea 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada 1.63 15.08 3.20 11.00 16.50 1.80 1.60 China 206.04 288.84 23.00 225.00 307.00 0.02 210.86 ================================================================================ WASDE - 648 - 23 May 2024 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/ Apr NA NA NA NA NA NA NA May 313.08 1219.93 184.37 774.03 1220.75 191.10 312.27 World Less China Apr NA NA NA NA NA NA NA May 102.22 927.93 161.37 543.03 907.75 191.08 99.42 United States Apr NA NA NA NA NA NA NA May 51.36 377.46 0.64 146.06 320.18 55.88 53.39 Total Foreign Apr NA NA NA NA NA NA NA May 261.72 842.47 183.74 627.98 900.57 135.21 258.88 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 11.12 238.00 1.58 94.50 124.05 117.40 9.25 Argentina Apr NA NA NA NA NA NA NA May 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Brazil Apr NA NA NA NA NA NA NA May 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Russia Apr NA NA NA NA NA NA NA May 0.96 16.00 0.05 9.80 10.90 5.20 0.91 South Africa Apr NA NA NA NA NA NA NA May 1.87 17.00 0.00 6.90 13.40 3.20 2.27 Ukraine Apr NA NA NA NA NA NA NA May 2.91 27.00 0.02 3.50 4.45 24.00 1.48 Major Importers 5/ Apr NA NA NA NA NA NA NA May 18.21 129.07 97.95 166.45 222.55 4.81 17.87 Egypt Apr NA NA NA NA NA NA NA May 1.41 7.60 8.00 13.10 15.60 0.00 1.41 European Union 6/ Apr NA NA NA NA NA NA NA May 7.51 64.80 18.00 58.20 78.60 4.20 7.51 Japan Apr NA NA NA NA NA NA NA May 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Apr NA NA NA NA NA NA NA May 2.25 25.00 21.80 28.20 46.90 0.05 2.10 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.25 31.46 18.25 40.75 49.35 0.56 3.05 South Korea Apr NA NA NA NA NA NA NA May 1.94 0.10 11.70 9.40 11.75 0.00 1.99 Canada Apr NA NA NA NA NA NA NA May 1.60 15.00 2.20 10.00 15.50 1.70 1.60 China Apr NA NA NA NA NA NA NA May 210.86 292.00 23.00 231.00 313.00 0.02 212.84 ================================================================================ WASDE - 648 - 24 May 2024 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/ 183.68 515.78 56.64 520.26 54.62 179.20 World Less China 70.68 369.84 52.26 365.27 52.89 72.60 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.42 510.70 55.38 515.66 52.58 178.24 Major Exporters 4/ 44.44 202.70 2.81 163.11 42.54 44.31 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 7.30 0.01 3.90 3.76 2.03 Thailand 4.13 20.91 0.05 12.60 8.74 3.75 Vietnam 2.86 26.94 2.75 21.90 8.23 2.42 Major Importers 5/ 125.49 238.77 23.40 263.89 2.16 121.60 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.49 1.97 3.34 0.05 0.65 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 3.95 0.06 1.35 2023/24 Est. World 3/ 179.20 517.34 50.46 521.63 53.24 174.91 World Less China 72.60 372.72 48.86 373.41 51.64 71.91 United States 0.96 6.93 1.38 4.99 2.99 1.30 Total Foreign 178.24 510.41 49.08 516.64 50.25 173.61 Major Exporters 4/ 44.31 201.95 2.86 165.20 39.90 44.01 Burma 1.11 11.95 0.00 10.10 2.00 0.96 India 35.00 134.00 0.00 116.50 16.00 36.50 Pakistan 2.03 9.00 0.01 4.00 5.50 1.53 Thailand 3.75 20.00 0.10 12.60 8.40 2.85 Vietnam 2.42 27.00 2.75 22.00 8.00 2.17 Major Importers 5/ 121.60 237.20 19.25 258.37 2.00 117.68 China 106.60 144.62 1.60 148.22 1.60 103.00 European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68 Indonesia 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria 2.18 5.36 1.80 7.50 0.00 1.83 Philippines 3.48 12.50 4.20 16.60 0.00 3.58 Sel. Mideast 7/ 1.27 2.02 4.60 6.55 0.00 1.34 Selected Other Brazil 0.62 7.24 1.20 7.10 1.30 0.66 C. Amer & Carib 8/ 0.65 1.51 1.72 3.17 0.03 0.68 Egypt 0.60 3.78 0.35 4.10 0.01 0.63 Japan 1.81 7.27 0.69 8.00 0.08 1.69 Mexico 0.09 0.15 0.83 0.98 0.01 0.08 South Korea 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 648 - 25 May 2024 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/ Apr NA NA NA NA NA NA May 174.91 527.61 49.97 526.40 53.76 176.12 World Less China Apr NA NA NA NA NA NA May 71.91 381.61 48.47 381.40 52.26 72.12 United States Apr NA NA NA NA NA NA May 1.30 6.99 1.41 5.08 3.18 1.45 Total Foreign Apr NA NA NA NA NA NA May 173.61 520.61 48.56 521.32 50.59 174.67 Major Exporters 4/ Apr NA NA NA NA NA NA May 44.01 206.70 3.06 169.00 40.00 44.77 Burma Apr NA NA NA NA NA NA May 0.96 12.10 0.01 10.20 1.80 1.07 India Apr NA NA NA NA NA NA May 36.50 138.00 0.00 120.00 18.00 36.50 Pakistan Apr NA NA NA NA NA NA May 1.53 9.50 0.00 4.10 5.20 1.73 Thailand Apr NA NA NA NA NA NA May 2.85 20.10 0.10 12.60 7.50 2.95 Vietnam Apr NA NA NA NA NA NA May 2.17 27.00 2.95 22.10 7.50 2.52 Major Importers 5/ Apr NA NA NA NA NA NA May 117.68 241.47 17.55 257.10 1.95 117.66 China Apr NA NA NA NA NA NA May 103.00 146.00 1.50 145.00 1.50 104.00 European Union 6/ Apr NA NA NA NA NA NA May 0.68 1.72 2.20 3.35 0.40 0.85 Indonesia Apr NA NA NA NA NA NA May 5.22 34.00 1.50 36.50 0.00 4.22 Nigeria Apr NA NA NA NA NA NA May 1.83 5.48 2.00 7.60 0.00 1.71 Philippines Apr NA NA NA NA NA NA May 3.58 12.70 4.20 17.10 0.00 3.38 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.34 2.28 4.70 6.85 0.00 1.46 Brazil Apr NA NA NA NA NA NA May 0.66 7.50 1.00 6.95 1.30 0.91 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.68 1.55 1.84 3.31 0.03 0.72 Egypt Apr NA NA NA NA NA NA May 0.63 3.60 0.40 4.15 0.01 0.47 Japan Apr NA NA NA NA NA NA May 1.69 7.20 0.69 7.95 0.08 1.55 Mexico Apr NA NA NA NA NA NA May 0.08 0.16 0.84 0.99 0.01 0.08 South Korea Apr NA NA NA NA NA NA May 1.48 3.60 0.44 3.90 0.13 1.49 ================================================================================ WASDE - 648 - 26 May 2024 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 74.50 116.31 37.65 111.67 37.11 -0.73 80.42 World Less China 36.44 85.61 31.42 74.17 37.01 -0.73 43.02 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 70.45 101.84 37.65 109.62 24.34 -0.19 76.17 Major Exporters 4/ 21.44 55.76 2.38 32.34 20.06 -0.20 27.38 Central Asia 5/ 2.43 5.54 0.01 3.55 1.13 0.00 3.30 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 24.00 1.10 0.00 11.32 Major Importers 8/ 46.67 42.88 32.86 73.57 3.01 0.02 45.83 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.56 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 80.42 113.57 43.98 113.36 44.48 -0.35 80.48 World Less China 43.02 86.07 29.18 74.86 44.41 -0.35 39.35 United States 4.25 12.07 0.01 1.80 12.30 -0.18 2.40 Total Foreign 76.17 101.50 43.97 111.56 32.18 -0.18 78.08 Major Exporters 4/ 27.38 58.61 1.66 33.62 27.65 -0.18 26.56 Central Asia 5/ 3.30 5.20 0.01 3.89 1.38 0.00 3.24 Afr. Fr. Zone 6/ 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ 11.34 21.97 0.15 4.26 19.27 -0.18 10.12 Australia 4.78 5.00 3/ 0.01 6.00 -0.18 3.95 Brazil 4.01 14.57 0.01 3.20 12.10 0.00 3.29 India 11.32 26.00 1.00 24.70 2.10 0.00 11.52 Major Importers 8/ 45.83 39.51 39.73 74.08 2.78 0.00 48.21 Mexico 0.38 0.90 0.60 1.40 0.23 0.00 0.25 China 37.40 27.50 14.80 38.50 0.08 0.00 41.13 European Union 9/ 0.39 1.05 0.52 0.55 0.95 0.00 0.46 Turkey 2.63 3.20 3.70 6.70 1.40 0.00 1.43 Pakistan 1.53 6.70 2.80 9.30 0.10 0.00 1.63 Indonesia 0.36 3/ 1.90 1.85 0.02 0.00 0.40 Thailand 0.14 3/ 0.43 0.47 0.00 0.00 0.10 Bangladesh 1.73 0.16 7.40 7.70 0.00 0.00 1.59 Vietnam 1.05 3/ 6.80 6.80 0.00 0.00 1.05 ================================================================================ WASDE - 648 - 27 May 2024 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 Apr NA NA NA NA NA NA NA May 80.48 119.05 44.95 116.86 44.98 -0.37 83.01 World Less China Apr NA NA NA NA NA NA NA May 39.35 92.05 32.95 77.86 44.88 -0.37 41.98 United States Apr NA NA NA NA NA NA NA May 2.40 16.00 0.01 1.90 13.00 -0.20 3.70 Total Foreign Apr NA NA NA NA NA NA NA May 78.08 103.05 44.94 114.96 31.98 -0.18 79.31 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.56 59.83 2.22 34.43 27.77 -0.18 26.59 Central Asia 5/ Apr NA NA NA NA NA NA NA May 3.24 5.19 0.03 4.10 1.31 0.00 3.05 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.33 5.12 3/ 0.10 4.90 0.00 1.45 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 10.12 24.05 0.15 4.36 19.13 -0.18 11.00 Australia Apr NA NA NA NA NA NA NA May 3.95 5.00 3/ 0.01 5.30 -0.18 3.81 Brazil Apr NA NA NA NA NA NA NA May 3.29 16.70 0.01 3.30 12.50 0.00 4.20 India Apr NA NA NA NA NA NA NA May 11.52 25.00 1.50 25.20 2.00 0.00 10.82 Major Importers 8/ Apr NA NA NA NA NA NA NA May 48.21 39.82 40.02 76.57 2.42 0.00 49.06 Mexico Apr NA NA NA NA NA NA NA May 0.25 0.80 0.90 1.50 0.20 0.00 0.25 China Apr NA NA NA NA NA NA NA May 41.13 27.00 12.00 39.00 0.10 0.00 41.03 European Union 9/ Apr NA NA NA NA NA NA NA May 0.46 1.36 0.55 0.57 1.25 0.00 0.55 Turkey Apr NA NA NA NA NA NA NA May 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Pakistan Apr NA NA NA NA NA NA NA May 1.63 6.50 3.70 9.80 0.05 0.00 1.98 Indonesia Apr NA NA NA NA NA NA NA May 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Apr NA NA NA NA NA NA NA May 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Bangladesh Apr NA NA NA NA NA NA NA May 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Vietnam Apr NA NA NA NA NA NA NA May 1.05 3/ 7.00 7.00 0.00 0.00 1.05 ================================================================================ WASDE - 648 - 28 May 2024 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/ 92.56 378.20 167.86 315.34 366.04 172.05 100.53 World Less China 67.41 357.92 63.36 219.34 248.54 171.96 68.19 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 85.09 261.98 167.19 255.14 303.09 117.84 93.34 Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09 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 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 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 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 100.53 396.95 170.30 329.97 383.53 172.47 111.78 World Less China 68.19 376.11 65.30 230.97 261.83 172.37 75.40 United States 7.19 113.34 0.68 62.60 65.69 46.27 9.26 Total Foreign 93.34 283.60 169.62 267.38 317.84 126.20 102.53 Major Exporters 3/ 54.09 217.70 6.98 93.10 104.50 115.90 58.37 Argentina 17.00 50.00 6.50 35.50 42.75 4.60 26.15 Brazil 36.82 154.00 0.45 54.00 57.85 102.00 31.42 Paraguay 0.17 10.50 0.02 3.50 3.65 6.50 0.54 Major Importers 4/ 34.51 24.73 138.54 127.60 158.08 0.42 39.28 China 32.34 20.84 105.00 99.00 121.70 0.10 36.38 European Union 1.10 2.98 14.30 14.90 16.62 0.30 1.46 Southeast Asia 5/ 0.67 0.47 9.34 4.59 9.52 0.01 0.95 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. World 2/ Apr NA NA NA NA NA NA NA May 111.78 422.26 176.40 345.87 401.74 180.20 128.50 World Less China Apr NA NA NA NA NA NA NA May 75.40 401.56 67.40 242.87 274.94 180.10 89.32 United States Apr NA NA NA NA NA NA NA May 9.26 121.11 0.41 66.00 68.99 49.67 12.11 Total Foreign Apr NA NA NA NA NA NA NA May 102.53 301.15 175.99 279.88 332.75 130.53 116.39 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 58.37 233.80 5.68 97.75 109.78 120.10 67.97 Argentina Apr NA NA NA NA NA NA NA May 26.15 51.00 5.50 40.00 47.60 5.50 29.55 Brazil Apr NA NA NA NA NA NA NA May 31.42 169.00 0.15 54.00 58.10 105.00 37.47 Paraguay Apr NA NA NA NA NA NA NA May 0.54 10.70 0.02 3.65 3.83 6.80 0.63 Major Importers 4/ Apr NA NA NA NA NA NA NA May 39.28 24.62 143.36 132.35 164.28 0.42 42.56 China Apr NA NA NA NA NA NA NA May 36.38 20.70 109.00 103.00 126.80 0.10 39.18 European Union Apr NA NA NA NA NA NA NA May 1.46 3.05 14.30 15.20 17.02 0.30 1.49 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 0.95 0.46 10.01 5.00 10.16 0.01 1.24 Mexico Apr NA NA NA NA NA NA NA May 0.26 0.16 6.70 6.65 6.71 0.00 0.41 ================================================================================ WASDE - 648 - 29 May 2024 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/ 16.23 247.75 62.98 246.66 67.18 13.11 World Less China 15.52 171.72 62.94 171.61 66.39 12.18 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 15.95 200.13 62.40 211.83 53.88 12.78 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 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/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.11 258.93 67.59 254.44 71.01 14.19 World Less China 12.18 180.53 67.54 177.09 70.01 13.15 United States 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign 12.78 209.72 67.05 219.03 56.68 13.83 Major Exporters 3/ 5.66 77.99 0.07 31.25 46.90 5.57 Argentina 2.31 27.69 0.01 3.48 24.40 2.14 Brazil 3.15 41.58 0.01 20.60 21.10 3.04 India 0.20 8.72 0.05 7.17 1.40 0.40 Major Importers 4/ 1.68 22.45 38.10 59.07 0.99 2.17 European Union 0.49 11.77 15.80 26.74 0.70 0.61 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.58 18.63 21.62 0.29 1.30 China 0.94 78.41 0.05 77.35 1.00 1.05 2024/25 Proj. World 2/ Apr NA NA NA NA NA NA May 14.19 271.31 70.94 265.64 74.51 16.29 World Less China Apr NA NA NA NA NA NA May 13.15 189.74 70.89 185.19 73.51 15.07 United States Apr NA NA NA NA NA NA May 0.36 51.78 0.54 36.58 15.69 0.41 Total Foreign Apr NA NA NA NA NA NA May 13.83 219.54 70.39 229.05 58.82 15.88 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.57 81.58 0.07 32.38 49.00 5.85 Argentina Apr NA NA NA NA NA NA May 2.14 31.20 0.01 3.55 27.30 2.50 Brazil Apr NA NA NA NA NA NA May 3.04 41.58 0.01 21.20 20.50 2.93 India Apr NA NA NA NA NA NA May 0.40 8.80 0.05 7.63 1.20 0.42 Major Importers 4/ Apr NA NA NA NA NA NA May 2.17 23.04 39.70 61.19 1.19 2.53 European Union Apr NA NA NA NA NA NA May 0.61 12.01 16.20 27.24 0.90 0.68 Mexico Apr NA NA NA NA NA NA May 0.19 5.26 2.20 7.40 0.00 0.24 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.30 3.90 19.55 22.94 0.29 1.53 China Apr NA NA NA NA NA NA May 1.05 81.58 0.05 80.45 1.00 1.22 ================================================================================ WASDE - 648 - 30 May 2024 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/ 5.10 59.60 10.96 58.94 11.71 5.01 World Less China 4.72 42.39 10.56 41.94 11.60 4.13 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.70 10.79 46.87 11.54 4.28 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 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 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 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 1.28 1.98 0.08 0.19 2023/24 Est. World 2/ 5.01 62.41 10.61 61.36 11.35 5.31 World Less China 4.13 44.67 10.21 43.46 11.25 4.29 United States 0.73 12.28 0.25 12.34 0.16 0.76 Total Foreign 4.28 50.13 10.36 49.03 11.20 4.54 Major Exporters 3/ 1.46 21.31 0.54 13.73 8.04 1.53 Argentina 0.32 7.01 0.00 2.25 4.80 0.28 Brazil 0.49 10.80 0.04 8.95 1.80 0.58 European Union 0.56 2.83 0.50 2.46 0.80 0.64 Major Importers 4/ 1.68 20.96 5.40 26.13 0.18 1.74 China 0.87 17.74 0.40 17.90 0.10 1.02 India 0.60 1.96 3.00 5.15 0.02 0.39 North Africa 5/ 0.19 0.90 1.30 2.08 0.05 0.27 2024/25 Proj. World 2/ Apr NA NA NA NA NA NA May 5.31 65.39 11.14 64.54 12.01 5.28 World Less China Apr NA NA NA NA NA NA May 4.29 46.93 10.74 45.74 11.91 4.31 United States Apr NA NA NA NA NA NA May 0.76 12.93 0.20 12.84 0.23 0.84 Total Foreign Apr NA NA NA NA NA NA May 4.54 52.46 10.93 51.71 11.78 4.45 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.53 22.28 0.49 14.27 8.56 1.48 Argentina Apr NA NA NA NA NA NA May 0.28 7.90 0.00 2.36 5.50 0.32 Brazil Apr NA NA NA NA NA NA May 0.58 10.80 0.04 9.43 1.40 0.60 European Union Apr NA NA NA NA NA NA May 0.64 2.89 0.45 2.41 1.05 0.52 Major Importers 4/ Apr NA NA NA NA NA NA May 1.74 21.87 5.80 27.64 0.21 1.56 China Apr NA NA NA NA NA NA May 1.02 18.46 0.40 18.80 0.10 0.97 India Apr NA NA NA NA NA NA May 0.39 1.98 3.50 5.60 0.02 0.26 North Africa 5/ Apr NA NA NA NA NA NA May 0.27 1.04 1.25 2.20 0.08 0.29 ================================================================================ WASDE - 648 - 31 May 2024 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 II 6712 6593 13351 11546 1410 13106 26457 2272 58.0 III 6622 6490 13153 11681 1355 13195 26348 2311 56.0 IV 6810 7148 14003 11611 1343 13090 27094 2352 55.5 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2265 56.9 II* 6820 6690 13555 11725 1310 13180 26735 2260 57.9 III* 6630 6820 13496 11850 1310 13305 26801 2320 56.4 IV* 6585 7460 14093 11800 1325 13265 27358 2385 56.1 AprProj. 26455 28090 54727 47100 5375 53048 107775 9223 226.3 MayProj. 26595 28064 54842 46805 5214 52584 107426 9230 227.3 2025 I* 6280 7180 13505 11800 1300 13245 26750 2365 57.2 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 25120 28400 53698 47550 5320 53450 107148 9480 229.3 ================================================================================ 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 2023 II 179.02 56.69 139.3 156.2 135.8 19.17 III 184.27 69.27 115.3 132.5 135.8 19.27 IV 177.93 53.58 118.5 100.8 182.2 21.17 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 20.65 II* 184.00 68.00 132.0 93.0 190.0 21.20 III* 182.00 71.00 124.0 98.0 170.0 21.25 IV* 187.00 56.00 124.0 98.0 175.0 21.75 AprProj. 185.01 62.99 129.2 104.3 203.4 20.90 MayProj. 183.51 62.49 127.0 95.3 198.4 21.20 2025 I* 185.00 59.00 124.0 95.0 160.0 21.10 AprProj. NA NA NA NA NA NA MayProj. 188 60 126 105 156 20.90 ================================================================================ WASDE - 648 - 32 May 2024 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 3727 31485 3038 638 27809 58.1 2024 Proj. Apr 638 26523 4175 31336 2805 585 27946 58.1 May 638 26662 4171 31470 2818 585 28067 58.3 2025 Proj. Apr NA NA NA NA NA NA NA NA May 585 25187 4225 29997 2500 570 26927 55.6 Pork 2023 504 27318 1143 28965 6818 471 21676 50.2 2024 Proj. Apr 471 28105 1205 29782 7340 435 22007 50.7 May 471 28079 1203 29754 7262 445 22047 50.8 2025 Proj. Apr NA NA NA NA NA NA NA NA May 445 28415 1230 30090 7615 450 22025 50.4 TotalRed Meat5/ 2023 1256 54540 5154 60950 9861 1130 49959 109.5 2024 Proj. Apr 1130 54820 5700 61650 10150 1042 50459 110.1 May 1130 54934 5693 61758 10084 1052 50622 110.4 2025 Proj. Apr NA NA NA NA NA NA NA NA May 1052 53790 5790 60631 10120 1041 49471 107.3 Broiler 2023 892 45890 131 46914 7265 835 38814 99.5 2024 Proj. Apr 835 46596 178 47609 7060 800 39749 101.3 May 835 46304 178 47317 6889 800 39628 101.0 2025 Proj. Apr NA NA NA NA NA NA NA NA May 800 47041 200 48041 7025 800 40216 101.8 Turkey 2023 190 5457 43 5689 489 243 4957 14.8 2024 Proj. Apr 243 5375 31 5649 520 200 4929 14.6 May 243 5214 31 5488 510 200 4778 14.2 2025 Proj. Apr NA NA NA NA NA NA NA NA May 200 5320 40 5560 515 200 4845 14.3 Total Poultry6/ 2023 1087 51934 178 53200 7774 1085 44341 115.9 2024 Proj. Apr 1085 52543 212 53840 7605 1006 45229 117.6 May 1085 52083 211 53379 7427 1006 44946 116.8 2025 Proj. Apr NA NA NA NA NA NA NA NA May 1006 52941 246 54193 7568 1006 45619 117.8 RedMeat& Poultry 2023 2343 106474 5332 114149 17635 2215 94300 225.4 2024 Proj. Apr 2215 107364 5912 115491 17755 2048 95688 227.7 May 2215 107017 5905 115137 17512 2058 95567 227.2 2025 Proj. Apr NA NA NA NA NA NA NA NA May 2058 106730 6036 114824 17688 2047 95089 225.1 ================================================================================ WASDE - 648 - 33 May 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 NA 23.0 Production 9116.6 9142.4 9223.0 9229.9 NA 9480.0 Imports 26.0 27.6 26.0 23.3 NA 24.0 Total Supply 9161.7 9188.7 9272.1 9276.3 NA 9527.0 Use Exports 226.5 250.4 246.0 260.5 NA 269.0 Hatching Use 1117.9 1111.8 1125.0 1132.2 NA 1135.0 Ending Stocks 18.8 23.1 23.0 23.0 NA 23.0 Disappearance Total 7798.6 7803.4 7878.1 7860.6 NA 8100.0 Per Capita (number) 280.5 279.3 280.6 279.9 NA 286.5 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 226.4 226.4 226.3 227.3 NA 229.3 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 NA 13.2 Marketings 225.4 225.4 225.3 226.3 NA 228.3 Imports 7.1 7.4 8.0 8.2 NA 8.1 Total Supply 246.8 247.1 247.1 248.3 NA 249.6 FatBasisUse Exports 13.4 10.6 11.3 11.0 NA 11.2 Ending Stocks 14.4 13.8 12.8 13.2 NA 13.0 Domestic Use 219.1 222.8 223.0 224.2 NA 225.3 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 NA 9.7 Marketings 225.4 225.4 225.3 226.3 NA 228.3 Imports 6.7 6.3 6.8 7.0 NA 6.9 Total Supply 243.2 243.3 242.0 243.2 NA 244.9 Skim-solidBasisUse Exports 52.9 49.9 49.7 49.3 NA 50.2 Ending Stocks 11.7 9.9 9.4 9.7 NA 9.5 Domestic Use 178.7 183.5 182.9 184.2 NA 185.2 ================================================================================ WASDE - 648 - 34 May 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.620 1.695 NA 1.665 Butter 2.8665 2.6170 2.925 2.935 NA 2.915 Nonfat Dry Milk 1.6851 1.1856 1.180 1.160 NA 1.140 Dry Whey 0.6057 0.3618 0.425 0.400 NA 0.375 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 16.20 16.75 NA 16.30 Class IV 24.47 19.12 20.40 20.25 NA 19.95 All Milk 3/ 25.34 20.34 20.90 21.20 NA 20.90 ================================================================================ WASDE - 648 - 35 May 2024 Reliability of May 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 3.0 5.0 15.7 1.7 35.0 25 18 U.S. 6.8 11.5 3.0 0.0 9.8 22 21 Foreign 3.1 5.3 14.7 1.6 32.9 24 19 Exports World 5.8 9.7 6.0 0.1 17.6 29 14 U.S. 12.0 20.3 2.8 0.0 10.2 23 18 Foreign 6.7 11.3 5.7 0.4 17.8 31 12 Domestic Use World 2.2 3.6 10.4 0.3 28.3 28 15 U.S. 7.0 11.7 1.7 0.1 6.4 21 22 Foreign 2.1 3.6 10.0 0.2 28.0 29 14 Ending Stocks World 9.6 16.2 12.0 0.2 35.9 24 19 U.S. 20.1 33.9 3.5 0.1 14.1 23 20 Foreign 9.8 16.4 10.4 1.4 31.0 24 19 COARSE GRAINS 2/ Production World 3.6 6.0 26.1 1.1 103.6 20 23 U.S. 13.5 22.7 20.7 0.9 103.8 23 20 Foreign 2.6 4.4 14.2 0.2 42.8 20 23 Exports World 7.3 12.3 7.7 1.2 20.9 30 13 U.S. 26.9 45.4 8.3 0.1 29.5 20 23 Foreign 13.0 21.9 6.3 0.3 20.8 30 13 Domestic Use World 2.0 3.3 15.2 0.4 68.4 22 21 U.S. 5.7 9.6 7.8 0.2 38.4 26 17 Foreign 2.0 3.4 12.3 0.2 32.8 21 22 Ending Stocks World 20.3 34.2 24.8 2.6 155.8 26 17 U.S. 56.1 94.5 16.4 0.9 57.6 19 24 Foreign 17.7 29.8 14.1 0.0 145.0 29 14 RICE, milled Production World 2.3 3.9 6.8 0.0 21.8 25 18 U.S. 8.2 13.8 0.4 0.0 1.1 23 20 Foreign 2.3 3.9 6.7 0.4 22.0 25 18 Exports World 9.5 16.0 1.9 0.1 7.5 31 12 U.S. 12.8 21.5 0.3 0.0 1.0 20 18 Foreign 10.2 17.2 1.8 0.2 7.1 31 12 Domestic Use World 1.8 3.0 4.6 0.0 19.4 28 15 U.S. 9.2 15.4 0.2 0.0 0.7 17 25 Foreign 1.8 3.1 4.6 0.2 20.0 29 14 Ending Stocks World 13.8 23.2 6.9 0.1 26.7 29 14 U.S. 34.8 58.7 0.3 0.0 0.9 22 19 Foreign 15.0 25.3 7.0 0.1 26.3 29 14 ================================================================================ WASDE - 648 - 36 May 2024 Reliability of May 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 NA NA 13.4 0.4 34.8 7 8 U.S. 8.9 14.9 4.9 0.0 16.1 22 21 Foreign NA NA 8.7 0.2 35.6 8 7 Exports World NA NA 5.9 0.4 17.6 11 4 U.S. 15.3 25.7 3.5 0.0 11.3 22 20 Foreign NA NA 5.0 0.7 18.7 12 3 Domestic Use World NA NA 7.8 1.2 18.9 6 9 U.S. 6.0 10.1 1.9 0.2 7.5 25 18 Foreign NA NA 7.3 0.2 18.6 6 9 Ending Stocks World NA NA 8.9 0.7 20.7 7 8 U.S. 69.8 117.5 3.4 0.2 13.3 15 28 Foreign NA NA 6.3 0.1 15.7 9 6 COTTON Production World 6.0 10.1 4.3 0.1 16.7 24 19 U.S. 12.6 21.3 1.7 0.1 5.5 20 23 Foreign 6.0 10.1 3.2 0.1 12.2 23 20 Exports World 10.4 17.5 2.3 0.1 12.4 25 18 U.S. 28.3 47.6 1.4 0.1 3.9 24 19 Foreign 13.2 22.2 1.8 0.1 10.4 24 19 Domestic Use World 5.0 8.5 3.5 0.1 17.2 17 26 U.S. 11.0 18.6 0.5 0.0 1.4 18 24 Foreign 5.1 8.5 3.4 0.0 16.6 19 24 Ending Stocks World 17.2 28.9 6.7 1.0 18.1 27 16 U.S. 43.9 74.0 1.5 0.0 4.3 20 23 Foreign 16.3 27.5 5.7 0.1 17.2 27 16 ================================================================================ WASDE - 648 - 37 May 2024 Reliability of United States May 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 14.3 24.0 740 8 4010 19 24 Exports 27.9 47.1 302 0 1100 20 21 Domestic Use 6.0 10.2 306 11 1538 27 16 Ending Stocks 66.4 111.9 591 18 2091 19 24 SORGHUM Production 24.8 41.8 84 0 228 21 21 Exports 47.8 80.6 50 0 195 21 21 Domestic Use 28.2 47.6 54 0 162 18 24 Ending Stocks 67.6 113.8 44 1 238 17 26 BARLEY Production 14.7 24.7 26 1 206 17 26 Exports 76.8 129.3 13 0 92 22 17 Domestic Use 11.3 19.0 27 0 95 20 22 Ending Stocks 22.7 38.2 22 0 78 18 24 OATS Production 24.8 41.7 29 1 231 9 34 Exports 105.4 177.5 1 0 8 10 12 Domestic Use 10.9 18.3 19 0 160 13 29 Ending Stocks 34.0 57.3 16 0 77 14 25 Thousand Short Tons SOYBEAN MEAL Production 5.4 9.1 1234 0 5344 26 16 Exports 16.9 28.5 945 0 2750 25 17 Domestic Use 4.3 7.2 826 24 4950 23 20 Ending Stocks 40.8 68.7 56 0 388 12 19 Million Pounds SOYBEAN OIL Production 5.1 8.6 615 18 2500 29 14 Exports 44.8 75.4 478 25 1700 24 19 Domestic Use 3.9 6.6 466 8 1800 26 17 Ending Stocks 35.0 59.0 437 24 1702 26 17 ANIMAL PROD. 3/ Million Pounds Beef 3.8 6.5 737 40 2727 21 9 Pork 3.2 5.4 522 5 1722 18 11 Broilers 2.3 4.0 675 75 1640 13 17 Turkeys 4.0 6.7 172 2 500 12 18 Million Dozen Eggs 2.0 3.4 130 2 400 17 13 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 17 ================================================================================