WASDE - 671 - 8 May 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/ 2024/25 2854.44 3649.43 499.50 2876.56 772.87 2025/26 (Est.) 2993.48 3766.35 544.74 2961.99 804.36 2026/27 (Proj.) Apr NA NA NA NA NA May 2945.53 3749.89 523.69 2972.93 776.96 Wheat 2024/25 799.31 1069.16 210.47 810.27 258.89 2025/26 (Est.) 843.84 1102.73 223.68 823.52 279.21 2026/27 (Proj.) Apr NA NA NA NA NA May 819.06 1098.27 211.70 823.23 275.04 Coarse Grains 5/ 2024/25 1513.11 1858.56 227.52 1535.63 322.93 2025/26 (Est.) 1606.82 1929.75 260.78 1600.90 328.84 2026/27 (Proj.) Apr NA NA NA NA NA May 1588.65 1917.49 248.98 1608.31 309.18 Rice, milled 2024/25 542.02 721.71 61.52 530.66 191.05 2025/26 (Est.) 542.82 733.87 60.28 537.56 196.31 2026/27 (Proj.) Apr NA NA NA NA NA May 537.82 734.12 63.01 541.39 192.74 United States Total Grains 4/ 2024/25 452.42 528.32 100.66 360.32 67.34 2025/26 (Est.) 508.41 582.72 117.12 381.26 84.34 2026/27 (Proj.) Apr NA NA NA NA NA May 467.99 559.85 109.05 376.29 74.50 Wheat 2024/25 53.85 76.86 22.48 31.12 23.26 2025/26 (Est.) 54.01 80.67 24.77 30.47 25.44 2026/27 (Proj.) Apr NA NA NA NA NA May 42.49 71.74 21.09 29.91 20.74 Coarse Grains 5/ 2024/25 391.51 441.58 75.31 323.90 42.37 2025/26 (Est.) 447.83 492.38 89.78 345.42 57.18 2026/27 (Proj.) Apr NA NA NA NA NA May 419.94 479.37 85.45 341.49 52.43 Rice, milled 2024/25 7.05 9.88 2.87 5.30 1.71 2025/26 (Est.) 6.56 9.66 2.57 5.37 1.72 2026/27 (Proj.) Apr NA NA NA NA NA May 5.56 8.74 2.51 4.89 1.34 ================================================================================ WASDE - 671 - 9 May 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/ 2024/25 2402.02 3121.10 398.84 2516.24 705.53 2025/26 (Est.) 2485.08 3183.63 427.62 2580.73 720.02 2026/27 (Proj.) Apr NA NA NA NA NA May 2477.54 3190.04 414.64 2596.63 702.46 Wheat 2024/25 745.46 992.30 187.99 779.15 235.63 2025/26 (Est.) 789.83 1022.06 198.91 793.05 253.78 2026/27 (Proj.) Apr NA NA NA NA NA May 776.57 1026.54 190.61 793.32 254.31 Coarse Grains 5/ 2024/25 1121.59 1416.98 152.21 1211.73 280.56 2025/26 (Est.) 1158.99 1437.37 171.00 1255.49 271.67 2026/27 (Proj.) Apr NA NA NA NA NA May 1168.71 1438.12 163.53 1266.82 256.76 Rice, milled 2024/25 534.97 711.82 58.64 525.36 189.34 2025/26 (Est.) 536.26 724.21 57.71 532.20 194.58 2026/27 (Proj.) Apr NA NA NA NA NA May 532.26 725.38 60.50 536.50 191.39 ================================================================================ 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 2024/25 119.34 192.79 42.43 119.11 74.52 2025/26 (Est.) 122.64 197.16 43.78 120.13 77.27 2026/27 (Proj.) Apr NA NA NA NA NA May 116.04 193.31 43.34 121.69 71.84 United States 2024/25 14.41 17.56 11.90 1.70 4.00 2025/26 (Est.) 13.90 17.90 12.00 1.60 4.40 2026/27 (Proj.) Apr NA NA NA NA NA May 13.30 17.71 12.30 1.60 3.90 Foreign 4/ 2024/25 104.93 175.23 30.53 117.41 70.52 2025/26 (Est.) 108.74 179.25 31.78 118.53 72.87 2026/27 (Proj.) Apr NA NA NA NA NA May 102.74 175.60 31.04 120.09 67.94 ================================================================================ WASDE - 671 - 10 May 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 2024/25 686.65 822.78 213.17 568.84 144.32 2025/26 (Est.) 698.51 842.85 214.31 585.48 146.07 2026/27 (Proj.) Apr NA NA NA NA NA May 718.10 864.10 217.01 606.62 146.73 Oilmeals 2024/25 392.48 411.43 114.34 382.22 22.51 2025/26 (Est.) 404.10 426.61 115.85 398.54 23.76 2026/27 (Proj.) Apr NA NA NA NA NA May 412.68 436.19 119.01 405.41 24.93 Vegetable Oils 2024/25 230.71 261.47 88.48 223.99 30.07 2025/26 (Est.) 237.31 267.38 88.43 230.65 30.01 2026/27 (Proj.) Apr NA NA NA NA NA May 244.07 274.07 91.59 237.56 30.33 United States Oilseeds 2024/25 128.60 140.69 52.29 70.43 10.23 2025/26 (Est.) 126.17 137.58 42.78 75.39 11.24 2026/27 (Proj.) Apr NA NA NA NA NA May 130.38 142.81 45.48 78.86 10.34 Oilmeals 2024/25 55.27 60.70 16.78 43.48 0.45 2025/26 (Est.) 59.11 64.64 18.17 45.98 0.50 2026/27 (Proj.) Apr NA NA NA NA NA May 61.11 66.79 19.78 46.52 0.49 Vegetable Oils 2024/25 14.49 21.44 1.28 19.05 1.10 2025/26 (Est.) 15.25 22.41 0.69 20.55 1.17 2026/27 (Proj.) Apr NA NA NA NA NA May 16.17 24.78 0.33 23.27 1.18 Foreign 3/ Oilseeds 2024/25 558.06 682.09 160.88 498.41 134.09 2025/26 (Est.) 572.34 705.26 171.52 510.10 134.83 2026/27 (Proj.) Apr NA NA NA NA NA May 587.72 721.29 171.53 527.76 136.39 Oilmeals 2024/25 337.21 350.73 97.56 338.74 22.06 2025/26 (Est.) 344.99 361.96 97.68 352.56 23.27 2026/27 (Proj.) Apr NA NA NA NA NA May 351.57 369.39 99.22 358.90 24.44 Vegetable Oils 2024/25 216.22 240.03 87.20 204.94 28.96 2025/26 (Est.) 222.06 244.97 87.74 210.10 28.84 2026/27 (Proj.) Apr NA NA NA NA NA May 227.90 249.29 91.26 214.28 29.16 ================================================================================ WASDE - 671 - 11 May 2026 U.S. Wheat Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Acres Area Planted 46.3 45.3 NA 43.8* Area Harvested 38.6 37.2 NA 32.9* Bushels Yield per Harvested Acre 51.2 53.3 NA 47.5* Million Bushels Beginning Stocks 696 855 NA 935 Production 1979 1985 NA 1561 Imports 149 125 NA 140 Supply, Total 2824 2964 NA 2636 Food 969 960 NA 960 Seed 61 60 NA 59 Feed and Residual 113 100 NA 80 Domestic, Total 1143 1120 NA 1099 Exports 826 910 NA 775 Use, Total 1969 2030 NA 1874 Ending Stocks 855 935 NA 762 Avg.FarmPrice ($/bu) 2/ 5.52 5.00 NA 6.50 ================================================================================ 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 2025/26 (Est.) Beginning Stocks 402 218 127 80 28 855 Production 804 458 353 283 86 1985 Imports 6 62 4 7 46 125 Supply, Total 3/ 1212 738 484 370 160 2964 Food 384 255 152 83 86 960 Seed 26 14 11 6 3 60 Feed and Residual 30 10 65 -10 5 100 Domestic Use 440 279 228 79 94 1120 Exports 320 235 125 200 30 910 Use, Total 760 514 353 279 124 2030 Ending Stocks, Total May 453 224 131 91 36 935 Apr 447 232 136 89 34 938 ================================================================================ WASDE - 671 - 12 May 2026 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 101.8 110.1 NA 106.2* Area Harvested 91.4 100.0 NA 95.4* Metric Tons Yield per Harvested Acre 4.28 4.48 NA 4.40 Million Metric Tons Beginning Stocks 47.9 42.3 NA 57.2 Production 391.1 447.5 NA 419.7 Imports 2.0 2.0 NA 2.1 Supply, Total 441.0 491.9 NA 478.9 Feed and Residual 144.0 161.7 NA 158.2 Food, Seed & Industrial 179.3 183.3 NA 182.8 Domestic, Total 323.3 345.0 NA 341.0 Exports 75.3 89.8 NA 85.4 Use, Total 398.6 434.7 NA 426.5 Ending Stocks 42.3 57.2 NA 52.4 Million Acres CORN Area Planted 90.9 98.8 NA 95.3* Area Harvested 83.0 91.3 NA 87.4* Bushels Yield per Harvested Acre 179.3 186.5 NA 183.0* Million Bushels Beginning Stocks 1763 1551 NA 2142 Production 14892 17021 NA 15995 Imports 22 25 NA 25 Supply, Total 16677 18597 NA 18162 Feed and Residual 5454 6200 NA 6100 Food,Seed& Industrial 2/ 6814 6955 NA 6955 Ethanol & by-products 3/ 5436 5600 NA 5600 Domestic, Total 12267 13155 NA 13055 Exports 2858 3300 NA 3150 Use, Total 15126 16455 NA 16205 Ending Stocks 1551 2142 NA 1957 Avg.FarmPrice ($/bu) 4/ 4.24 4.15 NA 4.40 ================================================================================ WASDE - 671 - 13 May 2026 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 6.6 NA 6.1* AreaHarvested(mil.acres) 5.6 6.0 NA 5.3* Yield (bushels/acre) 61.3 72.6 NA 69.2* Beginning Stocks 33 40 NA 37 Production 344 437 NA 367 Imports 0 0 NA 0 Supply, Total 377 477 NA 404 Feed and Residual 140 100 NA 70 Food, Seed & Industrial 98 115 NA 95 Total Domestic 239 215 NA 165 Exports 98 225 NA 205 Use, Total 336 440 NA 370 Ending Stocks 40 37 NA 34 Avg.FarmPrice ($/bu) 2/ 4.07 3.55 NA 4.10 BARLEY AreaPlanted (mil. acres) 2.4 2.3 NA 2.4* AreaHarvested(mil.acres) 1.9 1.8 NA 1.9* Yield (bushels/acre) 76.6 80.0 NA 78.4* Beginning Stocks 78 69 NA 63 Production 144 141 NA 149 Imports 9 7 NA 8 Supply, Total 232 217 NA 220 Feed and Residual 36 30 NA 30 Food, Seed & Industrial 118 115 NA 115 Total Domestic 154 145 NA 145 Exports 9 9 NA 9 Use, Total 162 154 NA 154 Ending Stocks 69 63 NA 66 Avg.FarmPrice ($/bu) 2/ 6.31 5.45 NA 5.60 OATS AreaPlanted (mil. acres) 2.2 2.4 NA 2.4* AreaHarvested(mil.acres) 0.9 0.9 NA 0.8* Yield (bushels/acre) 76.4 73.8 NA 68.8* Beginning Stocks 36 28 NA 30 Production 68 70 NA 55 Imports 71 72 NA 72 Supply, Total 176 170 NA 157 Feed and Residual 64 55 NA 45 Food, Seed & Industrial 81 82 NA 83 Total Domestic 145 137 NA 128 Exports 2 3 NA 2 Use, Total 148 140 NA 130 Ending Stocks 28 30 NA 27 Avg.FarmPrice ($/bu) 2/ 3.35 3.25 NA 3.35 ================================================================================ WASDE - 671 - 14 May 2026 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Acres TOTAL RICE Area Planted 2.92 2.81 NA 2.32* Area Harvested 2.87 2.74 NA 2.27* Pounds Yield per Harvested Acre 7753 7544 NA 7732* Million Hundredweight Beginning Stocks 2/ 39.8 53.9 NA 54.3 Production 222.6 206.7 NA 175.2 Imports 49.3 43.7 NA 45.8 Supply, Total 311.7 304.3 NA 275.3 Domestic & Residual 3/ 167.3 169.0 NA 154.0 Exports, Total 4/ 90.5 81.0 NA 79.0 Rough 28.9 19.0 NA 19.0 Milled (rough equiv.) 61.7 62.0 NA 60.0 Use, Total 257.8 250.0 NA 233.0 Ending Stocks 53.9 54.3 NA 42.3 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 15.10 12.10 NA 13.50 LONG GRAIN RICE Harvested Acres (mil.) 2.26 2.08 Yield (pounds/acre) 7626 7359 Beginning Stocks 19.3 37.3 NA 39.6 Imports 42.7 37.0 NA 39.0 Production 172.0 153.3 NA 122.5 Supply, Total 7/ 234.0 227.6 NA 201.1 Domestic & Residual 3/ 135.8 137.0 NA 123.0 Exports 8/ 60.8 51.0 NA 50.0 Use, Total 196.6 188.0 NA 173.0 Ending Stocks 37.3 39.6 NA 28.1 Avg.FarmPrice($/cwt) 6/ 14.00 10.40 NA 12.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.62 0.66 Yield (pounds/acre) 8219 8130 Beginning Stocks 18.9 13.7 NA 11.9 Imports 6.6 6.7 NA 6.8 Production 50.6 53.4 NA 52.7 Supply, Total 7/ 74.9 73.9 NA 71.4 Domestic & Residual 3/ 31.5 32.0 NA 31.0 Exports 8/ 29.7 30.0 NA 29.0 Use, Total 61.2 62.0 NA 60.0 Ending Stocks 13.7 11.9 NA 11.4 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.50 NA 17.90 California 10/ 18.70 20.30 NA 20.00 Other States 1/ 15.00 14.70 NA 13.50 ================================================================================ WASDE - 671 - 15 May 2026 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 87.3 81.2 NA 84.7* Area Harvested 86.2 80.4 NA 83.7* Bushels Yield per Harvested Acre 50.7 53.0 NA 53.0* Million Bushels Beginning Stocks 342 325 NA 340 Production 4374 4262 NA 4435 Imports 29 25 NA 25 Supply, Total 4746 4612 NA 4800 Crushings 2445 2630 NA 2750 Exports 1882 1530 NA 1630 Seed 70 73 NA 72 Residual 23 39 NA 38 Use, Total 4421 4272 NA 4490 Ending Stocks 325 340 NA 310 Avg.FarmPrice ($/bu) 2/ 10.00 10.40 NA 11.40 Million Pounds SOYBEAN OIL Beginning Stocks 1551 1747 NA 1857 Production 4/ 29218 30675 NA 32590 Imports 362 315 NA 600 Supply, Total 31131 32737 NA 35047 Domestic Disappearance 26891 29680 NA 32750 Biofuel 3/ 11758 14200 NA 17800 Food, Feed & other Industrial 15133 15480 NA 14950 Exports 2492 1200 NA 400 Use, Total 29384 30880 NA 33150 Ending stocks 1747 1857 NA 1897 Avg. Price (c/lb) 2/ 47.59 63.00 NA 70.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 453 398 NA 450 Production 4/ 58443 62627 NA 65025 Imports 807 800 NA 800 Supply, Total 59704 63825 NA 66275 Domestic Disappearance 41041 43575 NA 44125 Exports 18265 19800 NA 21700 Use, Total 59305 63375 NA 65825 Ending Stocks 398 450 NA 450 Avg. Price ($/s.t.) 2/ 299.77 315.00 NA 310.00 ================================================================================ WASDE - 671 - 16 May 2026 U.S. Sugar Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2025/26 Est. 2026/27 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2220 2490 2490 1992 Production 2/ 9397 9268 9239 8810 Beet Sugar 5370 5060 5021 4722 Cane Sugar 4027 4207 4218 4088 Florida 1932 1976 1987 1942 Louisiana 2095 2232 2232 2146 Texas 0 0 0 0 Imports 3393 2512 2653 3260 TRQ 3/ 1534 1316 1316 1422 Other Program 4/ 373 300 300 300 Non-program 1485 896 1037 1538 Mexico 504 220 220 1046 High-tier tariff/other 980 676 817 492 Total Supply 15009 14269 14381 14062 Exports 111 25 25 25 Deliveries 12450 12364 12364 12364 Food 12340 12259 12259 12259 Other 5/ 111 105 105 105 Miscellaneous -41 0 0 0 Total Use 12520 12389 12389 12389 Ending Stocks 2490 1880 1992 1673 Stocks to Use Ratio 19.9 15.2 16.1 13.5 ================================================================================ 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 2025/26 Est. Apr 1123 5125 52 4297 935 1068 May 1123 5179 52 4297 989 1068 2026/27 Proj. Apr NA NA NA NA NA NA May 1068 5142 28 4226 895 1117 ================================================================================ WASDE - 671 - 17 May 2026 U.S. Cotton Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Apr May ================================================================================ Million Acres Planted 11.18 9.28 NA 9.64** Harvested 7.76 7.83 NA 7.38** Pounds Yield per Harvested Acre 892 852 NA 866** Million 480 Pound Bales Beginning Stocks 3.15 4.00 NA 4.40 Production 14.41 13.90 NA 13.30 Imports 0.00 0.01 NA 0.01 Supply, Total 17.56 17.90 NA 17.71 Domestic Use 1.70 1.60 NA 1.60 Exports, Total 11.90 12.00 NA 12.30 Use, Total 13.60 13.60 NA 13.90 Unaccounted 2/ -0.04 -0.10 NA -0.10 Ending Stocks 4.00 4.40 NA 3.90 Avg. Farm Price 3/ 63.2 63.0 NA 73.0 ================================================================================ WASDE - 671 - 18 May 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 ================================================================================ 2024/25 World 3/ 269.86 799.31 201.21 157.50 810.27 210.47 258.89 World Less China 135.33 659.21 197.04 124.50 660.27 209.45 131.11 United States 18.95 53.85 4.05 3.07 31.12 22.48 23.26 Total Foreign 250.90 745.46 197.16 154.43 779.15 187.99 235.63 Major Exporters 4/ 41.36 314.61 11.93 73.96 181.56 152.99 33.35 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 8.31 29.35 4.18 European Union 5/ 15.92 121.06 10.72 44.50 108.50 27.92 11.27 Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59 Ukraine 1.51 23.40 0.07 3.60 8.50 15.75 0.73 Major Importers 6/ 177.35 211.37 121.07 51.70 327.50 16.27 166.01 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 6.31 0.00 5.90 0.38 0.60 Sel. Mideast 8/ 12.47 23.56 17.65 2.99 40.18 0.68 12.81 Southeast Asia 9/ 4.56 0.00 29.17 9.40 28.26 1.45 4.03 Selected Other India 7.50 113.29 0.16 6.00 108.96 0.19 11.80 Kazakhstan 3.45 18.58 0.50 3.90 9.00 10.19 3.33 United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69 2025/26 Est. World 3/ 258.89 843.84 218.34 168.09 823.52 223.68 279.21 World Less China 131.11 703.77 212.34 135.09 673.52 222.68 156.37 United States 23.26 54.01 3.40 2.72 30.47 24.77 25.44 Total Foreign 235.63 789.83 214.94 165.37 793.05 198.91 253.78 Major Exporters 4/ 33.35 363.38 7.74 83.10 191.85 163.50 49.13 Argentina 2.60 27.92 0.01 0.80 7.90 18.50 4.13 Australia 3.99 36.00 0.23 5.50 9.10 26.00 5.12 Canada 4.18 39.96 0.60 3.50 8.85 30.00 5.88 European Union 5/ 11.27 145.11 6.50 51.00 115.50 30.50 16.88 Russia 10.59 90.30 0.30 18.50 41.70 46.00 13.49 Ukraine 0.73 24.10 0.10 3.80 8.80 12.50 3.63 Major Importers 6/ 166.01 205.53 138.25 53.07 333.19 15.49 161.12 Bangladesh 0.78 1.05 7.80 0.30 8.00 0.00 1.63 Brazil 2.69 7.87 6.60 0.75 12.35 2.10 2.71 China 127.78 140.07 6.00 33.00 150.00 1.00 122.85 Japan 1.12 1.06 5.75 0.78 6.38 0.34 1.22 N. Africa 7/ 10.39 17.42 33.00 1.35 47.50 2.15 11.16 Nigeria 0.60 0.13 6.00 0.00 6.00 0.40 0.33 Sel. Mideast 8/ 12.81 19.35 20.95 2.89 40.66 0.83 11.63 Southeast Asia 9/ 4.03 0.00 34.15 11.35 31.55 1.44 5.19 Selected Other India 11.80 117.95 0.20 6.00 107.70 0.25 22.00 Kazakhstan 3.33 19.33 0.80 4.00 9.15 11.50 2.80 United Kingdom 2.69 12.30 3.50 7.50 15.30 0.50 2.69 ================================================================================ WASDE - 671 - 19 May 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 ================================================================================ 2026/27 Proj. World 3/ Apr NA NA NA NA NA NA NA May 279.21 819.06 207.31 160.92 823.23 211.70 275.04 World Less China Apr NA NA NA NA NA NA NA May 156.37 678.06 201.31 129.92 675.23 210.70 154.20 United States Apr NA NA NA NA NA NA NA May 25.44 42.49 3.81 2.18 29.91 21.09 20.74 Total Foreign Apr NA NA NA NA NA NA NA May 253.78 776.57 203.50 158.75 793.32 190.61 254.31 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 49.13 331.00 7.75 78.95 188.10 156.50 43.27 Argentina Apr NA NA NA NA NA NA NA May 4.13 21.00 0.01 0.25 7.45 14.50 3.19 Australia Apr NA NA NA NA NA NA NA May 5.12 30.00 0.24 5.00 8.65 23.00 3.71 Canada Apr NA NA NA NA NA NA NA May 5.88 35.00 0.60 3.50 8.85 28.00 4.63 European Union 5/ Apr NA NA NA NA NA NA NA May 16.88 136.00 6.50 49.00 113.75 31.00 14.63 Russia Apr NA NA NA NA NA NA NA May 13.49 86.00 0.30 17.00 40.20 47.00 12.59 Ukraine Apr NA NA NA NA NA NA NA May 3.63 23.00 0.10 4.20 9.20 13.00 4.53 Major Importers 6/ Apr NA NA NA NA NA NA NA May 161.12 219.60 129.73 50.93 333.60 15.20 161.65 Bangladesh Apr NA NA NA NA NA NA NA May 1.63 1.05 7.70 0.31 8.71 0.00 1.67 Brazil Apr NA NA NA NA NA NA NA May 2.71 6.70 7.20 0.80 12.50 2.00 2.11 China Apr NA NA NA NA NA NA NA May 122.85 141.00 6.00 31.00 148.00 1.00 120.85 Japan Apr NA NA NA NA NA NA NA May 1.22 1.13 5.55 0.75 6.35 0.34 1.21 N. Africa 7/ Apr NA NA NA NA NA NA NA May 11.16 23.10 29.00 1.68 48.68 2.45 12.14 Nigeria Apr NA NA NA NA NA NA NA May 0.33 0.14 6.50 0.00 6.10 0.40 0.47 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 11.63 23.24 19.58 2.95 41.42 0.68 12.35 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.19 0.00 31.60 10.25 30.75 1.44 4.60 India Apr NA NA NA NA NA NA NA May 22.00 121.00 0.10 7.50 111.10 2.00 30.00 Kazakhstan Apr NA NA NA NA NA NA NA May 2.80 15.00 0.70 2.50 7.68 9.00 1.83 United Kingdom Apr NA NA NA NA NA NA NA May 2.69 13.50 2.50 7.50 15.50 0.60 2.59 ================================================================================ WASDE - 671 - 20 May 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 ================================================================================ 2024/25 World 3/ 345.45 1513.11 225.73 943.26 1535.63 227.52 322.93 World Less China 131.99 1209.64 207.49 693.51 1193.56 227.52 129.84 United States 47.87 391.51 2.19 144.12 323.90 75.31 42.37 Total Foreign 297.58 1121.59 223.54 799.14 1211.73 152.21 280.56 Major Exporters 4/ 21.41 332.34 5.09 141.43 204.82 125.57 28.45 Argentina 3.60 57.46 0.01 15.07 21.28 33.79 5.99 Australia 1.83 17.70 0.00 4.80 6.67 11.37 1.48 Brazil 8.09 143.59 2.83 71.00 99.93 42.37 12.21 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 11.06 22.35 1.35 Major Importers 5/ 38.48 228.40 155.15 286.27 375.76 11.29 34.98 European Union 6/ 15.22 137.22 20.17 110.25 149.94 9.16 13.51 Japan 1.45 0.20 16.72 13.16 16.85 0.00 1.52 Mexico 6.28 28.27 27.06 32.55 55.48 0.03 6.11 N. Afr & Mideast 7/ 8.35 30.98 45.50 67.40 76.30 1.56 6.96 Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41 Southeast Asia 8/ 3.18 31.18 21.27 40.87 52.22 0.54 2.87 South Korea 2.06 0.16 11.56 9.30 11.64 0.00 2.15 Selected Other China 213.46 303.47 18.24 249.75 342.08 0.01 193.09 2025/26 Est. World 3/ 322.93 1606.82 240.93 983.74 1600.90 260.78 328.84 World Less China 129.84 1296.63 215.23 726.21 1251.05 260.76 149.74 United States 42.37 447.83 2.18 161.70 345.42 89.78 57.18 Total Foreign 280.56 1158.99 238.74 822.04 1255.49 171.00 271.67 Major Exporters 4/ 28.45 355.32 5.04 142.63 210.96 145.93 31.93 Argentina 5.99 68.06 0.01 14.94 21.33 48.20 4.53 Australia 1.48 20.95 0.00 5.34 7.21 13.18 2.04 Brazil 12.21 142.10 2.75 69.53 101.76 43.09 12.22 Canada 3.48 29.41 2.04 15.73 24.06 6.81 4.05 Russia 1.41 39.35 0.10 22.43 31.00 7.63 2.23 Ukraine 1.35 37.22 0.02 7.22 10.38 24.30 3.91 Major Importers 5/ 34.98 235.48 162.55 295.02 384.17 11.45 37.39 European Union 6/ 13.51 143.48 19.77 112.03 151.39 9.95 15.42 Japan 1.52 0.25 16.86 13.40 17.11 0.00 1.51 Mexico 6.11 30.39 27.46 34.02 57.30 0.03 6.63 N. Afr & Mideast 7/ 6.96 29.73 49.27 69.01 77.90 0.92 7.15 Saudi Arabia 1.41 0.27 9.67 9.63 9.97 0.00 1.39 Southeast Asia 8/ 2.87 31.10 23.18 42.88 53.83 0.56 2.76 South Korea 2.15 0.16 11.61 9.44 11.78 0.00 2.14 Selected Other China 193.09 310.19 25.70 257.53 349.85 0.03 179.10 ================================================================================ WASDE - 671 - 21 May 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 ================================================================================ 2026/27 Proj. World 3/ Apr NA NA NA NA NA NA NA May 328.84 1588.65 238.57 994.99 1608.31 248.98 309.18 World Less China Apr NA NA NA NA NA NA NA May 149.74 1272.70 213.92 734.47 1255.46 248.96 142.35 United States Apr NA NA NA NA NA NA NA May 57.18 419.94 2.25 158.26 341.49 85.45 52.43 Total Foreign Apr NA NA NA NA NA NA NA May 271.67 1168.71 236.32 836.73 1266.82 163.53 256.76 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 31.93 349.00 5.27 146.83 216.69 138.85 30.67 Argentina Apr NA NA NA NA NA NA NA May 4.53 64.22 0.01 14.83 21.17 43.40 4.18 Australia Apr NA NA NA NA NA NA NA May 2.04 18.05 0.00 5.80 7.68 10.18 2.23 Brazil Apr NA NA NA NA NA NA NA May 12.22 147.21 2.90 72.25 106.08 44.11 12.14 Canada Apr NA NA NA NA NA NA NA May 4.05 27.54 2.14 15.89 24.07 5.98 3.69 Russia Apr NA NA NA NA NA NA NA May 2.23 38.87 0.10 22.80 31.22 7.98 2.01 Ukraine Apr NA NA NA NA NA NA NA May 3.91 36.08 0.01 7.73 11.09 25.19 3.72 Major Importers 5/ Apr NA NA NA NA NA NA NA May 37.39 237.48 162.39 299.39 389.51 11.01 36.74 European Union 6/ Apr NA NA NA NA NA NA NA May 15.42 139.16 20.45 110.94 150.41 9.76 14.86 Japan Apr NA NA NA NA NA NA NA May 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Mexico Apr NA NA NA NA NA NA NA May 6.63 29.35 28.00 34.85 58.58 0.02 5.37 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 7.15 36.93 47.11 72.99 82.09 0.66 8.44 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.39 0.27 9.01 8.96 9.30 0.00 1.36 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 2.76 31.25 24.83 44.48 55.68 0.57 2.59 South Korea Apr NA NA NA NA NA NA NA May 2.14 0.16 11.61 9.39 11.73 0.00 2.18 China Apr NA NA NA NA NA NA NA May 179.10 315.95 24.65 260.53 352.85 0.03 166.83 ================================================================================ WASDE - 671 - 22 May 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 ================================================================================ 2024/25 World 3/ 313.98 1232.07 186.11 784.33 1251.26 187.32 294.80 World Less China 102.79 937.16 184.28 550.33 935.26 187.31 102.87 United States 44.79 378.27 0.55 138.53 311.60 72.60 39.40 Total Foreign 269.19 853.81 185.56 645.80 939.66 114.71 255.39 Major Exporters 4/ 11.77 243.07 1.94 98.80 139.95 96.32 20.51 Argentina 2.46 49.00 0.01 12.70 17.10 29.07 5.30 Brazil 7.35 136.00 1.76 64.00 91.50 42.24 11.38 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 13.95 2.00 2.09 Ukraine 0.54 26.80 0.02 5.30 6.50 20.02 0.84 Major Importers 5/ 21.40 121.05 107.30 164.50 226.50 3.33 19.91 Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69 European Union 6/ 7.29 59.59 18.76 56.00 77.00 2.76 5.88 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/ 3.17 31.13 20.80 40.60 51.70 0.54 2.86 South Korea 2.04 0.09 11.44 9.25 11.45 0.00 2.13 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 2025/26 Est. World 3/ 294.80 1312.68 195.86 819.20 1310.53 213.61 296.95 World Less China 102.87 1011.44 189.86 580.20 989.53 213.59 118.80 United States 39.40 432.34 0.64 157.49 334.15 83.82 54.41 Total Foreign 255.39 880.34 195.23 661.71 976.37 129.79 242.55 Major Exporters 4/ 20.51 257.40 1.77 99.10 143.90 114.00 21.78 Argentina 5.30 59.00 0.01 13.00 17.50 43.00 3.81 Brazil 11.38 135.00 1.70 63.00 93.50 43.00 11.58 Russia 0.91 14.80 0.05 10.30 11.40 3.30 1.06 South Africa 2.09 17.70 0.00 7.30 14.50 2.70 2.59 Ukraine 0.84 30.90 0.01 5.50 7.00 22.00 2.75 Major Importers 5/ 19.91 120.46 111.55 168.30 229.80 2.49 19.64 Egypt 1.69 6.70 12.50 16.40 19.10 0.00 1.79 European Union 6/ 5.88 56.80 18.50 53.70 74.20 1.90 5.08 Japan 1.37 0.02 15.50 12.20 15.50 0.00 1.39 Mexico 5.53 25.70 26.30 29.50 51.40 0.03 6.10 Southeast Asia 7/ 2.86 31.05 22.60 42.50 53.20 0.56 2.75 South Korea 2.13 0.09 11.50 9.40 11.60 0.00 2.12 Selected Other Canada 1.58 14.87 1.90 8.60 14.50 2.20 1.65 China 191.93 301.24 6.00 239.00 321.00 0.02 178.15 ================================================================================ WASDE - 671 - 23 May 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 ================================================================================ 2026/27 Proj. World 3/ Apr NA NA NA NA NA NA NA May 296.95 1295.38 198.59 829.26 1314.79 206.91 277.54 World Less China Apr NA NA NA NA NA NA NA May 118.80 988.38 192.59 586.26 989.79 206.89 111.42 United States Apr NA NA NA NA NA NA NA May 54.41 406.29 0.64 154.95 331.61 80.01 49.71 Total Foreign Apr NA NA NA NA NA NA NA May 242.55 889.09 197.95 674.31 983.18 126.90 227.84 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 21.78 256.30 1.87 101.50 148.20 111.00 20.74 Argentina Apr NA NA NA NA NA NA NA May 3.81 55.00 0.01 12.80 17.30 38.00 3.51 Brazil Apr NA NA NA NA NA NA NA May 11.58 139.00 1.80 65.00 97.00 44.00 11.38 Russia Apr NA NA NA NA NA NA NA May 1.06 15.80 0.05 10.80 12.00 4.00 0.91 South Africa Apr NA NA NA NA NA NA NA May 2.59 16.50 0.00 7.40 14.70 2.00 2.39 Ukraine Apr NA NA NA NA NA NA NA May 2.75 30.00 0.01 5.50 7.20 23.00 2.56 Major Importers 5/ Apr NA NA NA NA NA NA NA May 19.64 120.52 115.20 171.95 234.00 2.49 18.87 Egypt Apr NA NA NA NA NA NA NA May 1.79 7.00 12.80 16.80 19.50 0.00 2.09 European Union 6/ Apr NA NA NA NA NA NA NA May 5.08 57.50 19.50 54.40 74.80 1.90 5.38 Japan Apr NA NA NA NA NA NA NA May 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Mexico Apr NA NA NA NA NA NA NA May 6.10 24.60 27.00 30.50 52.80 0.02 4.88 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 2.75 31.20 24.35 44.20 55.15 0.57 2.58 South Korea Apr NA NA NA NA NA NA NA May 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Canada Apr NA NA NA NA NA NA NA May 1.65 14.50 2.00 8.80 14.70 1.90 1.55 China Apr NA NA NA NA NA NA NA May 178.15 307.00 6.00 243.00 325.00 0.02 166.13 ================================================================================ WASDE - 671 - 24 May 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 ================================================================================ 2024/25 World 3/ 179.68 542.02 57.98 530.66 61.52 191.05 World Less China 76.68 396.75 55.64 385.70 60.36 86.55 United States 1.27 7.05 1.57 5.30 2.87 1.71 Total Foreign 178.42 534.97 56.41 525.36 58.64 189.34 Major Exporters 4/ 49.81 219.50 3.60 170.06 46.45 56.40 Burma 1.22 11.90 0.01 9.60 2.57 0.95 India 42.00 150.18 0.00 121.36 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 26.85 3.53 22.50 8.06 2.80 Major Importers 5/ 118.08 239.52 23.22 257.81 1.51 121.50 China 103.00 145.28 2.34 144.96 1.15 104.50 European Union 6/ 0.60 1.60 2.53 3.50 0.34 0.89 Indonesia 6.17 34.10 0.81 35.50 0.00 5.58 Nigeria 1.41 5.75 3.30 8.30 0.00 2.16 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 0.34 8.68 0.95 7.40 1.37 1.19 C. Amer & Carib 8/ 0.54 1.42 1.93 3.21 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 2025/26 Est. World 3/ 191.05 542.82 57.19 537.56 60.28 196.31 World Less China 86.55 396.49 53.89 390.34 58.38 91.31 United States 1.71 6.56 1.39 5.37 2.57 1.72 Total Foreign 189.34 536.26 55.80 532.20 57.71 194.58 Major Exporters 4/ 56.40 220.30 3.98 172.90 45.00 62.78 Burma 0.95 12.00 0.01 9.30 2.60 1.05 India 48.00 152.00 0.00 124.00 23.00 53.00 Pakistan 1.91 9.40 0.02 4.40 4.50 2.43 Thailand 2.75 20.70 0.05 12.70 7.00 3.80 Vietnam 2.80 26.20 3.90 22.50 7.90 2.50 Major Importers 5/ 121.50 241.56 21.48 261.50 2.35 120.68 China 104.50 146.33 3.30 147.23 1.90 105.00 European Union 6/ 0.89 1.77 2.30 3.60 0.40 0.96 Indonesia 5.58 33.80 0.50 35.30 0.00 4.58 Nigeria 2.16 5.90 2.80 8.60 0.00 2.27 Philippines 3.79 12.20 4.40 17.60 0.00 2.79 Sel. Mideast 7/ 2.21 2.23 4.88 7.23 0.00 2.08 Selected Other Brazil 1.19 7.60 0.93 7.35 1.40 0.96 C. Amer & Carib 8/ 0.59 1.35 1.93 3.23 0.08 0.56 Egypt 0.31 4.20 0.18 4.10 0.18 0.41 Japan 1.63 7.48 0.80 7.95 0.07 1.90 Mexico 0.15 0.19 0.80 1.01 0.01 0.12 South Korea 0.75 3.54 0.41 3.85 0.18 0.67 ================================================================================ WASDE - 671 - 25 May 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 ================================================================================ 2026/27 Proj. World 3/ Apr NA NA NA NA NA NA May 196.31 537.82 59.77 541.39 63.01 192.74 World Less China Apr NA NA NA NA NA NA May 91.31 390.82 56.47 396.29 60.81 84.74 United States Apr NA NA NA NA NA NA May 1.72 5.56 1.45 4.89 2.51 1.34 Total Foreign Apr NA NA NA NA NA NA May 194.58 532.26 58.31 536.50 60.50 191.39 Major Exporters 4/ Apr NA NA NA NA NA NA May 62.78 217.00 4.08 176.80 47.60 59.45 Burma Apr NA NA NA NA NA NA May 1.05 11.00 0.01 9.00 2.10 0.96 India Apr NA NA NA NA NA NA May 53.00 150.00 0.00 128.00 25.00 50.00 Pakistan Apr NA NA NA NA NA NA May 2.43 9.60 0.02 4.60 5.00 2.45 Thailand Apr NA NA NA NA NA NA May 3.80 20.30 0.05 12.80 7.50 3.85 Vietnam Apr NA NA NA NA NA NA May 2.50 26.10 4.00 22.40 8.00 2.20 Major Importers 5/ Apr NA NA NA NA NA NA May 120.68 241.78 22.75 260.35 2.65 122.21 China Apr NA NA NA NA NA NA May 105.00 147.00 3.30 145.10 2.20 108.00 European Union 6/ Apr NA NA NA NA NA NA May 0.96 1.73 2.35 3.70 0.41 0.93 Indonesia Apr NA NA NA NA NA NA May 4.58 33.60 0.50 35.00 0.00 3.68 Nigeria Apr NA NA NA NA NA NA May 2.27 5.67 2.90 8.80 0.00 2.04 Philippines Apr NA NA NA NA NA NA May 2.79 12.40 5.60 17.80 0.00 2.99 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 2.08 2.23 4.70 7.35 0.00 1.66 Brazil Apr NA NA NA NA NA NA May 0.96 7.40 0.95 7.30 1.40 0.61 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.56 1.33 2.06 3.32 0.08 0.56 Egypt Apr NA NA NA NA NA NA May 0.41 4.20 0.20 4.15 0.20 0.46 Japan Apr NA NA NA NA NA NA May 1.90 7.38 0.70 8.05 0.08 1.85 Mexico Apr NA NA NA NA NA NA May 0.12 0.20 0.83 1.02 0.01 0.11 South Korea Apr NA NA NA NA NA NA May 0.67 3.52 0.41 3.78 0.18 0.65 ================================================================================ WASDE - 671 - 26 May 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 ================================================================================ 2024/25 World 73.45 119.34 43.03 119.11 42.43 -0.23 74.52 World Less China 36.74 87.34 37.85 80.11 42.37 -0.23 39.68 United States 3.15 14.41 3/ 1.70 11.90 -0.04 4.00 Total Foreign 70.30 104.93 43.03 117.41 30.53 -0.19 70.52 Major Exporters 4/ 24.27 58.82 4.29 35.07 26.52 -0.19 25.97 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/ 10.19 24.70 0.15 4.36 19.13 -0.19 11.73 Australia 4.22 5.60 3/ 0.00 5.21 -0.19 4.80 Brazil 2.97 17.00 3/ 3.26 13.02 0.00 3.70 India 9.30 24.00 3.04 25.50 1.33 0.00 9.52 Major Importers 8/ 43.86 43.35 35.91 77.80 3.01 0.00 42.31 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 1.27 0.00 0.19 Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28 Pakistan 1.85 5.00 6.10 10.60 0.05 0.00 2.30 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 2025/26 Est. World 74.52 122.64 43.78 120.13 43.78 -0.24 77.27 World Less China 39.68 86.84 37.18 79.63 43.70 -0.24 40.60 United States 4.00 13.90 0.01 1.60 12.00 -0.10 4.40 Total Foreign 70.52 108.74 43.78 118.53 31.78 -0.14 72.87 Major Exporters 4/ 25.97 59.78 5.70 36.25 28.41 -0.16 26.95 Central Asia 5/ 2.91 5.73 0.25 4.94 1.49 0.00 2.46 Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.07 0.00 1.23 S. Hemis. 7/ 11.73 25.80 0.15 4.46 21.48 -0.16 11.90 Australia 4.80 4.50 3/ 0.00 5.70 -0.16 3.76 Brazil 3.70 19.50 0.01 3.35 14.70 0.00 5.15 India 9.52 23.80 4.20 25.50 1.00 0.00 11.02 Major Importers 8/ 42.31 46.08 35.30 77.77 2.25 0.02 43.63 Mexico 0.31 0.57 0.65 1.20 0.10 0.02 0.21 China 34.84 35.80 6.60 40.50 0.08 0.00 36.66 European Union 9/ 0.19 1.20 0.45 0.48 1.10 0.00 0.26 Turkey 1.28 3.05 4.50 6.80 0.90 0.00 1.13 Pakistan 2.30 5.30 4.80 10.30 0.05 0.00 2.05 Indonesia 0.41 3/ 1.90 1.90 0.02 0.00 0.40 Thailand 0.11 3/ 0.48 0.48 0.00 0.00 0.11 Bangladesh 1.71 0.15 7.70 7.80 0.00 0.00 1.77 Vietnam 1.02 3/ 7.60 7.70 0.00 0.00 0.92 ================================================================================ WASDE - 671 - 27 May 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 ================================================================================ 2026/27 Proj. World Apr NA NA NA NA NA NA NA May 77.27 116.04 43.37 121.69 43.34 -0.20 71.84 World Less China Apr NA NA NA NA NA NA NA May 40.60 82.54 36.37 80.69 43.27 -0.20 35.75 United States Apr NA NA NA NA NA NA NA May 4.40 13.30 0.01 1.60 12.30 -0.10 3.90 Total Foreign Apr NA NA NA NA NA NA NA May 72.87 102.74 43.36 120.09 31.04 -0.10 67.94 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.95 56.69 3.60 36.90 27.87 -0.10 22.57 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.46 5.46 0.25 4.94 1.40 0.00 1.84 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.23 4.17 3/ 0.11 4.11 0.00 1.18 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 11.90 22.60 0.15 4.51 20.54 -0.10 9.70 Australia Apr NA NA NA NA NA NA NA May 3.76 3.00 3/ 0.00 4.50 -0.10 2.36 Brazil Apr NA NA NA NA NA NA NA May 5.15 17.50 0.01 3.40 15.00 0.00 4.26 India Apr NA NA NA NA NA NA NA May 11.02 24.00 2.00 26.00 1.50 0.00 9.52 Major Importers 8/ Apr NA NA NA NA NA NA NA May 43.63 43.11 36.97 78.65 1.97 0.00 43.09 Mexico Apr NA NA NA NA NA NA NA May 0.21 0.65 0.65 1.20 0.10 0.00 0.21 China Apr NA NA NA NA NA NA NA May 36.66 33.50 7.00 41.00 0.08 0.00 36.09 European Union 9/ Apr NA NA NA NA NA NA NA May 0.26 1.20 0.45 0.48 1.12 0.00 0.31 Turkey Apr NA NA NA NA NA NA NA May 1.13 2.50 4.80 6.80 0.60 0.00 1.03 Pakistan Apr NA NA NA NA NA NA NA May 2.05 5.10 5.30 10.40 0.05 0.00 2.00 Indonesia Apr NA NA NA NA NA NA NA May 0.40 3/ 1.90 1.90 0.02 0.00 0.38 Thailand Apr NA NA NA NA NA NA NA May 0.11 3/ 0.45 0.45 0.00 0.00 0.11 Bangladesh Apr NA NA NA NA NA NA NA May 1.77 0.15 7.80 8.00 0.00 0.00 1.72 Vietnam Apr NA NA NA NA NA NA NA May 0.92 3/ 8.00 7.80 0.00 0.00 1.12 ================================================================================ WASDE - 671 - 28 May 2026 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2024/25 World 2/ 115.13 427.89 179.19 359.09 412.13 184.17 125.91 World Less China 71.82 407.24 71.19 255.59 284.73 184.10 81.42 United States 9.32 119.05 0.79 66.55 69.09 51.23 8.84 Total Foreign 105.81 308.84 178.40 292.54 343.04 132.94 117.07 Major Exporters 3/ 54.47 238.01 7.07 105.30 115.30 121.12 63.12 Argentina 24.05 51.11 6.32 43.24 48.94 7.87 24.67 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 24.54 142.49 133.17 164.84 0.42 47.99 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 Est. World 2/ 125.91 427.60 184.77 369.53 426.58 186.57 125.13 World Less China 81.42 406.70 72.77 261.53 293.68 186.45 80.77 United States 8.84 115.99 0.68 71.58 74.62 41.64 9.25 Total Foreign 117.07 311.61 184.09 297.95 351.96 144.93 115.88 Major Exporters 3/ 63.12 242.70 8.23 106.77 118.35 133.90 61.80 Argentina 24.67 48.00 7.30 41.50 48.40 8.25 23.32 Brazil 37.69 180.00 0.90 61.50 65.90 115.00 37.69 Paraguay 0.29 12.10 0.02 3.60 3.73 8.20 0.48 Major Importers 4/ 47.99 24.71 146.50 137.79 170.79 0.44 47.97 China 44.49 20.90 112.00 108.00 132.90 0.12 44.37 European Union 1.57 2.85 13.80 14.80 16.37 0.30 1.55 Southeast Asia 5/ 1.18 0.41 10.90 5.79 11.23 0.01 1.25 Mexico 0.59 0.31 6.70 6.85 6.95 0.01 0.64 2026/27 Proj. World 2/ Apr NA NA NA NA NA NA NA May 125.13 441.54 188.02 383.14 440.69 189.22 124.78 World Less China Apr NA NA NA NA NA NA NA May 80.77 420.54 74.02 273.14 305.69 189.12 80.51 United States Apr NA NA NA NA NA NA NA May 9.25 120.70 0.68 74.84 77.83 44.36 8.44 Total Foreign Apr NA NA NA NA NA NA NA May 115.88 320.84 187.34 308.29 362.86 144.86 116.34 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 61.80 250.20 7.33 111.80 123.43 133.75 62.15 Argentina Apr NA NA NA NA NA NA NA May 23.32 50.00 6.50 43.00 49.90 6.00 23.92 Brazil Apr NA NA NA NA NA NA NA May 37.69 186.00 0.80 65.00 69.60 117.50 37.39 Paraguay Apr NA NA NA NA NA NA NA May 0.48 11.10 0.02 3.60 3.73 7.35 0.52 Major Importers 4/ Apr NA NA NA NA NA NA NA May 47.97 24.94 148.66 140.14 173.29 0.38 47.90 China Apr NA NA NA NA NA NA NA May 44.37 21.00 114.00 110.00 135.00 0.10 44.27 European Union Apr NA NA NA NA NA NA NA May 1.55 3.00 13.20 14.50 16.02 0.25 1.48 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 1.25 0.38 11.56 6.29 11.84 0.02 1.34 Mexico Apr NA NA NA NA NA NA NA May 0.64 0.32 6.75 6.95 7.05 0.01 0.65 ================================================================================ WASDE - 671 - 29 May 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 ================================================================================ 2024/25 World 2/ 14.31 281.74 77.71 272.78 83.04 17.94 World Less China 13.52 199.77 77.66 191.93 82.02 17.00 United States 0.41 53.02 0.73 37.23 16.57 0.36 Total Foreign 13.90 228.72 76.98 235.55 66.47 17.58 Major Exporters 3/ 5.45 86.93 0.29 31.21 54.95 6.51 Argentina 2.26 33.51 0.28 3.53 29.78 2.74 Brazil 2.97 44.38 0.01 20.50 23.39 3.47 India 0.22 9.04 0.01 7.19 1.78 0.30 Major Importers 4/ 2.30 23.31 44.01 65.11 1.05 3.46 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/ 1.19 3.99 19.44 22.91 0.40 1.31 China 0.79 81.97 0.05 80.85 1.02 0.94 2025/26 Est. World 2/ 17.94 290.33 80.14 285.57 83.95 18.89 World Less China 17.00 204.79 79.99 201.42 82.75 17.61 United States 0.36 56.81 0.73 39.53 17.96 0.41 Total Foreign 17.58 233.51 79.41 246.04 65.99 18.48 Major Exporters 3/ 6.51 87.06 0.33 32.23 54.85 6.82 Argentina 2.74 32.16 0.17 3.60 29.00 2.47 Brazil 3.47 47.48 0.01 21.80 25.00 4.16 India 0.30 7.42 0.15 6.83 0.85 0.19 Major Importers 4/ 3.46 23.38 44.45 67.05 0.89 3.35 European Union 1.72 11.69 19.60 30.94 0.60 1.47 Mexico 0.31 5.41 2.70 8.09 0.00 0.33 Southeast Asia 5/ 1.31 4.51 20.45 24.55 0.29 1.43 China 0.94 85.54 0.15 84.15 1.20 1.28 2026/27 Proj. World 2/ Apr NA NA NA NA NA NA May 18.89 300.41 84.00 295.14 88.23 19.93 World Less China Apr NA NA NA NA NA NA May 17.61 213.29 83.90 209.29 87.03 18.48 United States Apr NA NA NA NA NA NA May 0.41 58.99 0.73 40.03 19.69 0.41 Total Foreign Apr NA NA NA NA NA NA May 18.48 241.42 83.28 255.11 68.55 19.52 Major Exporters 3/ Apr NA NA NA NA NA NA May 6.82 91.34 0.11 33.75 57.30 7.22 Argentina Apr NA NA NA NA NA NA May 2.47 33.33 0.00 3.65 29.40 2.75 Brazil Apr NA NA NA NA NA NA May 4.16 50.01 0.01 23.00 26.90 4.28 India Apr NA NA NA NA NA NA May 0.19 8.00 0.10 7.10 1.00 0.19 Major Importers 4/ Apr NA NA NA NA NA NA May 3.35 23.65 46.58 69.22 0.89 3.47 European Union Apr NA NA NA NA NA NA May 1.47 11.46 20.20 31.04 0.60 1.48 Mexico Apr NA NA NA NA NA NA May 0.33 5.49 3.00 8.45 0.00 0.37 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.43 4.90 21.65 26.20 0.29 1.50 China Apr NA NA NA NA NA NA May 1.28 87.12 0.10 85.85 1.20 1.45 ================================================================================ WASDE - 671 - 30 May 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 ================================================================================ 2024/25 World 2/ 5.68 70.06 14.30 68.32 15.26 6.47 World Less China 4.52 49.96 14.00 47.82 14.94 5.73 United States 0.70 13.25 0.16 12.20 1.13 0.79 Total Foreign 4.98 56.81 14.13 56.12 14.13 5.68 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/ 2.18 23.68 8.00 30.59 0.51 2.75 China 1.17 20.10 0.30 20.50 0.32 0.75 India 0.75 2.03 5.47 6.65 0.03 1.58 North Africa 5/ 0.24 1.21 1.29 2.24 0.17 0.33 2025/26 Est. World 2/ 6.47 71.81 12.78 71.01 14.13 5.93 World Less China 5.73 50.84 12.48 50.51 13.43 5.11 United States 0.79 13.91 0.14 13.46 0.54 0.84 Total Foreign 5.68 57.90 12.64 57.55 13.58 5.09 Major Exporters 3/ 1.25 24.32 0.82 15.82 9.25 1.32 Argentina 0.32 8.28 0.07 1.98 6.30 0.39 Brazil 0.21 12.54 0.10 11.05 1.50 0.30 European Union 0.63 2.81 0.65 2.71 0.85 0.54 Major Importers 4/ 2.75 24.33 6.63 30.66 0.90 2.15 China 0.75 20.97 0.30 20.50 0.70 0.82 India 1.58 1.67 4.25 6.57 0.02 0.92 North Africa 5/ 0.33 1.28 1.38 2.44 0.18 0.36 2026/27 Proj. World 2/ Apr NA NA NA NA NA NA May 5.93 74.70 13.08 72.99 14.39 6.32 World Less China Apr NA NA NA NA NA NA May 5.11 53.34 12.78 52.19 13.69 5.34 United States Apr NA NA NA NA NA NA May 0.84 14.78 0.27 14.86 0.18 0.86 Total Foreign Apr NA NA NA NA NA NA May 5.09 59.92 12.81 58.14 14.21 5.46 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.32 25.28 0.71 16.04 9.65 1.62 Argentina Apr NA NA NA NA NA NA May 0.39 8.58 0.01 1.99 6.55 0.44 Brazil Apr NA NA NA NA NA NA May 0.30 13.26 0.10 11.40 1.70 0.56 European Union Apr NA NA NA NA NA NA May 0.54 2.76 0.60 2.56 0.80 0.54 Major Importers 4/ Apr NA NA NA NA NA NA May 2.15 25.01 6.75 30.81 0.89 2.22 China Apr NA NA NA NA NA NA May 0.82 21.36 0.30 20.80 0.70 0.98 India Apr NA NA NA NA NA NA May 0.92 1.80 4.30 6.18 0.02 0.82 North Africa 5/ Apr NA NA NA NA NA NA May 0.36 1.41 1.35 2.59 0.18 0.35 ================================================================================ WASDE - 671 - 31 May 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 2025 II 6452 6706 13200 11885 1181 13192 26392 2153 58.8 III 6360 6614 13012 12432 1275 13850 26861 2217 58.2 IV 6647 7301 13986 12118 1242 13482 27469 2248 57.8 Annual 26003 27578 53740 48006 4844 53359 107099 8765 231.7 2026 I 6147 7050 13236 11996 1225 13356 26592 2230 58.5 II* 6280 6775 13092 12250 1240 13630 26722 2265 59.8 III* 6485 6750 13274 12600 1290 14030 27304 2300 58.8 IV* 6635 7410 14084 12300 1300 13735 27819 2325 58.3 AprProj. 25790 27975 53921 48900 4955 54400 108321 9200 235.3 MayProj. 25547 27985 53685 49146 5055 54751 108436 9120 235.4 2027 I* 6045 7095 13178 12100 1250 13485 26663 2310 58.7 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 25310 28255 53719 49600 5140 55295 109014 9330 236.0 ================================================================================ 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 2025 II 225.22 69.69 135.9 119.3 344.4 21.27 III 239.62 77.05 121.9 156.8 283.0 20.70 IV 227.62 64.87 110.5 172.2 192.0 19.50 Annual 224.37 68.80 124.8 135.8 373.7 21.18 2026 I 238.65 64.50 119.5 169.9 125.2 18.50 II* 253.00 71.00 122.0 170.0 65.0 22.00 III* 252.00 74.00 123.0 150.0 80.0 22.10 IV* 255.00 64.00 123.0 150.0 120.0 22.30 AprProj. 241.66 69.13 123.6 156.3 102.6 20.50 MayProj. 249.66 68.38 121.9 160.0 97.6 21.25 2027 I* 250.00 63.00 120.0 130.0 115.0 21.50 AprProj. NA NA NA NA NA NA MayProj. 254 67 124 130 110 20.95 ================================================================================ WASDE - 671 - 32 May 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 2025 602 26071 5471 32143 2577 577 28990 59.3 2026 Proj. Apr 577 25857 5790 32223 2365 550 29308 59.8 May 577 25616 6109 32301 2361 560 29380 60.0 2027 Proj. Apr NA NA NA NA NA NA NA NA May 560 25378 6000 31938 2335 550 29053 59.2 Pork 2025 435 27593 1116 29145 6970 430 21745 49.3 2026 Proj. Apr 430 27989 1150 29569 7200 430 21939 49.6 May 430 28001 1138 29569 7232 435 21902 49.6 2027 Proj. Apr NA NA NA NA NA NA NA NA May 435 28271 1175 29881 7330 440 22111 49.9 TotalRed Meat5/ 2025 1058 53833 6959 61850 9554 1024 51273 110.1 2026 Proj. Apr 1024 54012 7327 62363 9572 997 51794 110.9 May 1024 53779 7637 62440 9601 1012 51827 110.9 2027 Proj. Apr NA NA NA NA NA NA NA NA May 1012 53812 7570 62395 9672 1008 51714 110.5 Broiler 2025 761 47493 152 48406 6672 786 40948 102.9 2026 Proj. Apr 786 48377 131 49294 6595 785 41914 105.0 May 786 48620 141 49547 6599 785 42163 105.6 2027 Proj. Apr NA NA NA NA NA NA NA NA May 785 49069 132 49986 6575 790 42621 106.5 Turkey 2025 219 4844 38 5101 425 175 4501 13.2 2026 Proj. Apr 175 4955 40 5170 430 185 4555 13.3 May 175 5055 36 5265 429 185 4652 13.6 2027 Proj. Apr NA NA NA NA NA NA NA NA May 185 5140 36 5361 415 190 4756 13.8 Total Poultry6/ 2025 985 52845 193 54023 7143 973 45907 117.4 2026 Proj. Apr 973 53876 173 55022 7077 979 46966 119.7 May 973 54225 178 55375 7070 981 47324 120.7 2027 Proj. Apr NA NA NA NA NA NA NA NA May 982 54764 170 55916 7034 991 47891 121.9 RedMeat& Poultry 2025 2043 106679 7152 115873 16697 1997 97180 227.5 2026 Proj. Apr 1997 107888 7500 117385 16649 1976 98760 230.6 May 1997 108003 7815 117815 16671 1993 99151 231.6 2027 Proj. Apr NA NA NA NA NA NA NA NA May 1994 108576 7740 118310 16706 1999 99605 232.4 ================================================================================ WASDE - 671 - 33 May 2026 U.S. Egg Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.1 14.2 17.1 17.1 NA 22.0 Production 9076.2 8765.0 9200.0 9119.8 NA 9330.0 Imports 30.1 121.0 21.0 20.6 NA 12.0 Total Supply 9129.4 8900.2 9238.1 9157.6 NA 9364.0 Use Exports 236.7 203.3 240.0 241.6 NA 300.0 Hatching Use 1148.2 1267.8 1165.0 1167.6 NA 1180.0 Ending Stocks 14.2 17.1 21.0 22.0 NA 22.0 Disappearance Total 7730.3 7412.0 7812.1 7726.4 NA 7862.0 Per Capita (number) 272.8 260.1 273.4 270.4 NA 274.5 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 225.9 231.7 235.3 235.4 NA 236.0 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 FatBasisSupply BeginningStocks 13.8 13.1 12.6 12.6 NA 12.2 Marketings 224.9 230.7 234.3 234.4 NA 235.0 Imports 9.1 7.4 7.7 7.8 NA 8.1 Total Supply 247.8 251.1 254.6 254.9 NA 255.3 FatBasisUse Exports 11.8 16.7 19.5 20.3 NA 20.5 Ending Stocks 13.1 12.6 12.9 12.2 NA 11.8 Domestic Use 222.9 221.7 222.2 222.4 NA 223.1 Skim-solidBasisSupply BeginningStocks 9.8 9.1 9.2 9.2 NA 9.1 Marketings 224.9 230.7 234.3 234.4 NA 235.0 Imports 6.8 6.9 6.8 6.7 NA 6.9 Total Supply 241.5 246.6 250.3 250.3 NA 251.0 Skim-solidBasisUse Exports 48.9 48.2 49.0 49.3 NA 49.8 Ending Stocks 9.1 9.2 9.2 9.1 NA 8.8 Domestic Use 183.6 189.2 192.1 191.9 NA 192.5 ================================================================================ WASDE - 671 - 34 May 2026 U.S. Dairy Prices ================================================================================ Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.8634 1.7878 1.645 1.650 NA 1.715 Butter 2.8870 2.2202 1.815 1.725 NA 1.820 Nonfat Dry Milk 1.2420 1.2348 1.575 1.770 NA 1.575 Dry Whey 0.4913 0.5956 0.660 0.665 NA 0.640 Milk Prices 2/ Dollars Per Cwt ClassIII 18.89 18.01 16.90 17.00 NA 17.55 Class IV 20.75 17.38 18.60 19.95 NA 18.60 All Milk 3/ 22.55 21.18 20.50 21.25 NA 20.95 ================================================================================ WASDE - 671 - 35 May 2026 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 15.9 1.3 35.6 26 19 U.S. 6.7 11.4 3.0 0.0 9.8 24 21 Foreign 3.1 5.3 14.9 1.6 33.9 25 20 Exports World 5.7 9.6 6.2 0.1 17.6 30 15 U.S. 11.9 20.0 2.8 0.0 10.2 25 18 Foreign 6.6 11.1 5.8 0.4 17.8 32 13 Domestic Use World 2.1 3.6 10.3 0.3 28.3 30 15 U.S. 6.8 11.5 1.6 0.1 6.4 22 23 Foreign 2.1 3.6 9.9 0.2 28.0 31 14 Ending Stocks World 9.5 16.0 12.0 0.2 35.9 26 19 U.S. 19.7 33.2 3.4 0.1 14.1 25 20 Foreign 9.6 16.2 10.4 1.4 31.0 26 19 COARSE GRAINS 2/ Production World 3.5 5.9 26.4 1.1 103.6 21 24 U.S. 13.2 22.2 20.5 0.9 103.8 24 21 Foreign 2.6 4.4 14.3 0.2 42.8 21 24 Exports World 7.2 12.2 7.9 1.2 20.9 31 14 U.S. 26.5 44.6 8.4 0.1 29.5 22 23 Foreign 12.8 21.5 6.4 0.3 20.8 31 14 Domestic Use World 2.0 3.3 15.6 0.4 68.4 24 21 U.S. 5.6 9.4 7.8 0.2 38.4 28 17 Foreign 2.0 3.4 12.5 0.2 32.8 23 22 Ending Stocks World 19.9 33.5 24.7 2.6 155.8 27 18 U.S. 55.2 93.0 16.2 0.9 57.6 20 25 Foreign 17.3 29.2 13.9 0.0 145.0 30 15 RICE, milled Production World 2.3 3.8 6.7 0.0 21.8 27 18 U.S. 8.1 13.6 0.4 0.0 1.1 24 21 Foreign 2.3 3.9 6.7 0.4 22.0 27 18 Exports World 9.4 15.9 2.0 0.1 7.5 33 12 U.S. 12.7 21.4 0.3 0.0 1.0 20 20 Foreign 10.2 17.1 1.9 0.2 7.1 33 12 Domestic Use World 1.8 3.0 4.6 0.0 19.4 30 15 U.S. 9.0 15.1 0.2 0.0 0.7 18 26 Foreign 1.8 3.0 4.5 0.2 20.0 31 14 Ending Stocks World 13.5 22.7 7.0 0.1 26.7 31 14 U.S. 34.1 57.5 0.3 0.0 0.9 23 20 Foreign 14.7 24.7 7.0 0.1 26.3 31 14 ================================================================================ WASDE - 671 - 36 May 2026 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 11.9 0.4 34.8 8 9 U.S. 8.7 14.6 4.8 0.0 16.1 22 23 Foreign NA NA 7.8 0.2 35.6 10 7 Exports World NA NA 5.4 0.4 17.6 12 5 U.S. 15.1 25.5 3.5 0.0 11.3 22 21 Foreign NA NA 4.8 0.7 18.7 14 3 Domestic Use World NA NA 7.5 1.2 18.9 8 9 U.S. 5.9 9.9 1.9 0.0 7.5 26 19 Foreign NA NA 7.0 0.2 18.6 7 10 Ending Stocks World NA NA 8.2 0.5 20.7 8 9 U.S. 68.3 115.0 3.3 0.2 13.3 16 29 Foreign NA NA 5.9 0.1 15.7 9 8 COTTON Production World 5.9 10.0 4.3 0.1 16.7 26 19 U.S. 12.5 21.0 1.7 0.1 5.5 20 25 Foreign 5.9 10.0 3.3 0.1 12.2 25 20 Exports World 10.2 17.2 2.3 0.1 12.4 25 20 U.S. 27.8 46.8 1.4 0.1 3.9 24 21 Foreign 12.9 21.7 1.7 0.1 10.4 24 21 Domestic Use World 4.9 8.3 3.4 0.1 17.2 18 27 U.S. 11.0 18.5 0.5 0.0 1.4 18 26 Foreign 4.9 8.3 3.3 0.0 16.6 20 25 Ending Stocks World 16.8 28.3 6.6 1.0 18.1 27 18 U.S. 43.2 72.7 1.4 0.0 4.3 21 24 Foreign 16.0 26.9 5.6 0.1 17.2 27 18 ================================================================================ WASDE - 671 - 37 May 2026 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 14.0 23.6 734 7 4010 21 24 Exports 27.5 46.4 310 0 1100 22 21 Domestic Use 5.9 10.0 301 11 1538 29 16 Ending Stocks 65.3 110.0 586 18 2091 20 25 SORGHUM Production 24.4 41.1 83 0 228 22 22 Exports 52.5 88.4 52 0 195 21 23 Domestic Use 28.9 48.6 55 0 162 20 24 Ending Stocks 66.3 111.6 43 1 238 18 27 BARLEY Production 14.5 24.3 25 1 206 17 28 Exports 75.9 127.9 12 0 92 24 17 Domestic Use 11.1 18.8 26 0 95 20 23 Ending Stocks 22.4 37.7 21 0 78 18 26 OATS Production 25.1 42.3 28 1 231 11 34 Exports 103.3 174.0 1 0 8 12 12 Domestic Use 11.0 18.5 19 0 160 15 29 Ending Stocks 33.4 56.3 15 0 77 15 26 Thousand Short Tons SOYBEAN MEAL Production 5.3 8.9 1255 0 5344 28 16 Exports 16.6 27.9 936 0 2750 27 17 Domestic Use 4.2 7.1 836 24 4950 25 20 Ending Stocks 39.9 67.2 54 0 388 12 20 Million Pounds SOYBEAN OIL Production 5.0 8.5 615 18 2500 31 14 Exports 45.7 77.0 508 25 1800 25 20 Domestic Use 3.9 6.6 503 8 1800 27 18 Ending Stocks 34.6 58.2 433 24 1702 27 18 ANIMAL PROD. 3/ Million Pounds Beef 3.9 6.6 761 40 2727 23 9 Pork 3.1 5.3 511 5 1722 18 13 Broilers 2.3 3.9 665 75 1640 15 17 Turkeys 4.2 7.0 177 2 500 12 20 Million Dozen Eggs 2.3 4.0 146 2 650 17 15 Billion Pounds Milk 1.6 2.8 2.6 0.2 7.4 14 18 ================================================================================