WASDE - 661 - 8 June 2025 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2023/24 2822.60 3615.71 516.38 2820.01 795.71 2024/25 (Est.) 2845.18 3640.88 495.38 2875.69 765.20 2025/26 (Proj.) May 2896.76 3663.49 511.81 2907.35 756.14 Jun 2900.86 3666.06 514.42 2913.08 752.98 Wheat 2023/24 791.95 1066.72 222.28 797.76 268.96 2024/25 (Est.) 799.91 1068.88 205.91 804.90 263.98 2025/26 (Proj.) May 808.52 1073.73 212.99 808.00 265.73 Jun 808.59 1072.57 214.33 809.80 262.76 Coarse Grains 5/ 2023/24 1506.95 1844.48 237.29 1497.57 346.92 2024/25 (Est.) 1504.11 1851.03 227.56 1537.13 313.90 2025/26 (Proj.) May 1549.52 1865.94 238.02 1560.60 305.34 Jun 1550.70 1864.59 238.38 1562.20 302.39 Rice, milled 2023/24 523.70 704.51 56.80 524.68 179.83 2024/25 (Est.) 541.15 720.98 61.91 533.65 187.33 2025/26 (Proj.) May 538.71 723.82 60.81 538.75 185.07 Jun 541.58 728.90 61.71 541.07 187.83 United States Total Grains 4/ 2023/24 458.90 520.32 86.80 365.43 68.09 2024/25 (Est.) 451.56 527.62 95.42 369.97 62.22 2025/26 (Proj.) May 475.22 545.64 99.20 371.17 75.27 Jun 475.07 544.37 99.91 371.12 73.34 Wheat 2023/24 49.10 68.36 19.24 30.16 18.95 2024/25 (Est.) 53.65 76.69 22.32 31.48 22.90 2025/26 (Proj.) May 52.28 78.44 21.77 31.54 25.12 Jun 52.28 78.44 22.45 31.54 24.45 Coarse Grains 5/ 2023/24 402.88 442.67 64.45 330.35 47.87 2024/25 (Est.) 390.86 441.07 70.09 333.10 37.88 2025/26 (Proj.) May 415.98 457.25 74.44 334.17 48.64 Jun 415.98 456.07 74.44 334.21 47.42 Rice, milled 2023/24 6.92 9.30 3.12 4.92 1.27 2024/25 (Est.) 7.05 9.86 3.02 5.40 1.44 2025/26 (Proj.) May 6.96 9.95 2.99 5.46 1.51 Jun 6.81 9.86 3.02 5.37 1.48 ================================================================================ WASDE - 661 - 9 June 2025 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2023/24 2363.70 3095.39 429.57 2454.58 727.61 2024/25 (Est.) 2393.62 3113.27 399.95 2505.71 702.98 2025/26 (Proj.) May 2421.54 3117.85 412.61 2536.18 680.87 Jun 2425.80 3121.69 414.51 2541.96 679.64 Wheat 2023/24 742.86 998.36 203.04 767.59 250.01 2024/25 (Est.) 746.26 992.19 183.59 773.42 241.08 2025/26 (Proj.) May 756.24 995.29 191.21 776.45 240.61 Jun 756.31 994.13 191.87 778.26 238.32 Coarse Grains 5/ 2023/24 1104.07 1401.81 172.85 1167.22 299.04 2024/25 (Est.) 1113.26 1409.96 157.47 1204.03 276.01 2025/26 (Proj.) May 1133.54 1408.69 163.58 1226.44 256.70 Jun 1134.72 1408.52 163.94 1228.00 254.97 Rice, milled 2023/24 516.77 695.21 53.69 519.76 178.56 2024/25 (Est.) 534.10 711.12 58.89 528.26 185.88 2025/26 (Proj.) May 531.75 713.87 57.82 533.29 183.56 Jun 534.77 719.04 58.70 535.71 186.35 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2023/24 112.96 188.87 44.59 114.80 73.74 2024/25 (Est.) 119.93 193.66 42.61 116.55 77.29 2025/26 (Proj.) May 117.81 196.21 44.83 118.08 78.38 Jun 116.99 194.28 44.79 117.76 76.80 United States 2023/24 12.07 16.72 11.75 1.85 3.15 2024/25 (Est.) 14.41 17.57 11.50 1.70 4.40 2025/26 (Proj.) May 14.50 19.31 12.50 1.70 5.20 Jun 14.00 18.41 12.50 1.70 4.30 Foreign 4/ 2023/24 100.90 172.15 32.84 112.95 70.59 2024/25 (Est.) 105.51 176.10 31.11 114.85 72.89 2025/26 (Proj.) May 103.31 176.91 32.33 116.38 73.18 Jun 102.99 175.88 32.29 116.06 72.50 ================================================================================ WASDE - 661 - 10 June 2025 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2023/24 657.98 780.96 205.11 543.39 136.15 2024/25 (Est.) 677.27 813.42 209.22 561.54 142.18 2025/26 (Proj.) May 692.10 833.40 215.07 580.49 143.24 Jun 692.25 834.43 214.98 580.80 144.13 Oilmeals 2023/24 371.04 389.32 105.73 365.95 19.27 2024/25 (Est.) 387.25 406.52 111.23 379.72 22.21 2025/26 (Proj.) May 400.23 422.58 112.50 394.78 23.31 Jun 400.43 422.64 112.94 395.07 23.05 Vegetable Oils 2023/24 222.13 254.61 86.10 217.85 30.83 2024/25 (Est.) 228.51 259.33 85.74 224.04 29.83 2025/26 (Proj.) May 234.55 263.68 87.41 228.94 29.14 Jun 234.99 264.82 87.69 229.38 29.97 United States Oilseeds 2023/24 122.16 132.12 47.35 66.22 10.81 2024/25 (Est.) 128.35 140.33 51.47 69.77 10.88 2025/26 (Proj.) May 128.47 140.47 50.41 72.04 9.70 Jun 128.39 140.39 50.41 72.00 9.70 Oilmeals 2023/24 51.43 56.13 14.80 40.85 0.49 2024/25 (Est.) 54.32 59.37 15.99 42.88 0.50 2025/26 (Proj.) May 55.70 60.72 16.53 43.67 0.52 Jun 55.68 60.70 16.53 43.65 0.52 Vegetable Oils 2023/24 13.59 21.59 0.42 20.13 1.04 2024/25 (Est.) 14.31 21.59 1.32 19.26 1.02 2025/26 (Proj.) May 14.68 22.19 0.92 20.21 1.06 Jun 14.67 22.21 0.92 20.23 1.07 Foreign 3/ Oilseeds 2023/24 535.82 648.83 157.76 477.16 125.34 2024/25 (Est.) 548.92 673.09 157.75 491.77 131.31 2025/26 (Proj.) May 563.63 692.93 164.66 508.45 133.54 Jun 563.86 694.04 164.57 508.80 134.43 Oilmeals 2023/24 319.62 333.19 90.93 325.10 18.78 2024/25 (Est.) 332.93 347.15 95.23 336.84 21.72 2025/26 (Proj.) May 344.53 361.86 95.97 351.11 22.79 Jun 344.76 361.94 96.40 351.42 22.53 Vegetable Oils 2023/24 208.54 233.02 85.68 197.71 29.79 2024/25 (Est.) 214.20 237.74 84.43 204.78 28.81 2025/26 (Proj.) May 219.87 241.49 86.50 208.73 28.08 Jun 220.32 242.61 86.78 209.15 28.90 ================================================================================ WASDE - 661 - 11 June 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Acres Area Planted 49.6 46.1 45.4* 45.4* Area Harvested 37.1 38.5 37.2* 37.2* Bushels Yield per Harvested Acre 48.7 51.2 51.6* 51.6* Million Bushels Beginning Stocks 570 696 841 841 Production 1804 1971 1921 1921 Imports 138 150 120 120 Supply, Total 2512 2818 2882 2882 Food 961 975 977 977 Seed 62 62 62 62 Feed and Residual 85 120 120 120 Domestic, Total 1108 1157 1159 1159 Exports 707 820 800 825 Use, Total 1815 1977 1959 1984 Ending Stocks 696 841 923 898 Avg.FarmPrice ($/bu) 2/ 6.96 5.50 5.30 5.40 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2024/25 (Est.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 6 80 5 7 52 150 Supply, Total 3/ 1051 773 473 368 153 2818 Food 388 261 155 85 86 975 Seed 27 15 12 6 3 62 Feed and Residual 25 20 70 -10 15 120 Domestic Use 440 296 237 81 104 1157 Exports 210 250 120 220 20 820 Use, Total 650 546 357 301 124 1977 Ending Stocks, Total Jun 401 227 116 67 30 841 May 401 227 116 67 30 841 ================================================================================ WASDE - 661 - 12 June 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Acres FEED GRAINS Area Planted 107.5 101.5 106.4* 106.4* Area Harvested 96.0 91.3 95.7* 95.7* Metric Tons Yield per Harvested Acre 4.19 4.28 4.34 4.34 Million Metric Tons Beginning Stocks 37.1 47.9 39.1 37.9 Production 402.6 390.5 415.7 415.7 Imports 2.3 2.1 1.9 2.0 Supply, Total 442.0 440.4 456.7 455.6 Feed and Residual 150.8 152.0 153.4 153.4 Food, Seed & Industrial 178.9 180.5 180.3 180.4 Domestic, Total 329.7 332.5 333.7 333.7 Exports 64.4 70.1 74.4 74.4 Use, Total 394.2 402.6 408.1 408.2 Ending Stocks 47.9 37.9 48.6 47.4 Million Acres CORN Area Planted 94.6 90.6 95.3* 95.3* Area Harvested 86.5 82.9 87.4* 87.4* Bushels Yield per Harvested Acre 177.3 179.3 181.0* 181.0* Million Bushels Beginning Stocks 1360 1763 1415 1365 Production 15341 14867 15820 15820 Imports 28 25 25 25 Supply, Total 16729 16655 17260 17210 Feed and Residual 5805 5750 5900 5900 Food,Seed& Industrial 2/ 6868 6890 6885 6885 Ethanol & by-products 3/ 5478 5500 5500 5500 Domestic, Total 12673 12640 12785 12785 Exports 2292 2650 2675 2675 Use, Total 14966 15290 15460 15460 Ending Stocks 1763 1365 1800 1750 Avg.FarmPrice ($/bu) 4/ 4.55 4.35 4.20 4.20 ================================================================================ WASDE - 661 - 13 June 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.2 6.3 6.6* 6.6* AreaHarvested(mil.acres) 6.1 5.6 5.7* 5.7* Yield (bushels/acre) 52.0 61.3 68.8* 68.8* Beginning Stocks 24 33 52 52 Production 318 344 392 392 Imports 0 0 0 0 Supply, Total 342 377 444 444 Feed and Residual 46 155 85 85 Food, Seed & Industrial 24 70 70 70 Total Domestic 70 225 155 155 Exports 239 100 250 250 Use, Total 309 325 405 405 Ending Stocks 33 52 39 39 Avg.FarmPrice ($/bu) 2/ 4.93 4.10 4.00 4.00 BARLEY AreaPlanted (mil. acres) 3.1 2.4 2.3* 2.3* AreaHarvested(mil.acres) 2.6 1.9 1.9* 1.9* Yield (bushels/acre) 72.3 76.7 77.4* 77.4* Beginning Stocks 66 78 67 67 Production 186 144 147 147 Imports 13 9 9 9 Supply, Total 265 231 223 223 Feed and Residual 57 40 30 30 Food, Seed & Industrial 125 115 115 115 Total Domestic 182 155 145 145 Exports 5 9 5 5 Use, Total 187 164 150 150 Ending Stocks 78 67 73 73 Avg.FarmPrice ($/bu) 2/ 7.39 6.45 5.30 5.30 OATS AreaPlanted (mil. acres) 2.6 2.2 2.2* 2.2* AreaHarvested(mil.acres) 0.8 0.9 0.7* 0.7* Yield (bushels/acre) 68.6 76.5 68.6* 68.6* Beginning Stocks 35 36 29 29 Production 57 68 48 48 Imports 74 73 63 68 Supply, Total 166 177 140 145 Feed and Residual 48 65 35 35 Food, Seed & Industrial 80 81 80 82 Total Domestic 128 146 115 117 Exports 2 3 2 2 Use, Total 130 149 117 119 Ending Stocks 36 29 23 26 Avg.FarmPrice ($/bu) 2/ 3.92 3.35 3.10 3.10 ================================================================================ WASDE - 661 - 14 June 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Acres TOTAL RICE Area Planted 2.90 2.91 2.90* 2.83* Area Harvested 2.85 2.87 2.84* 2.77* Pounds Yield per Harvested Acre 7641 7748 7727* 7746* Million Hundredweight Beginning Stocks 2/ 30.3 39.8 45.0 45.5 Production 218.0 222.1 219.3 214.4 Imports 44.6 48.5 49.2 50.7 Supply, Total 292.8 310.5 313.5 310.6 Domestic & Residual 3/ 154.9 170.0 172.0 169.0 Exports, Total 4/ 98.1 95.0 94.0 95.0 Rough 41.7 29.5 33.0 31.0 Milled (rough equiv.) 56.4 65.5 61.0 64.0 Use, Total 253.0 265.0 266.0 264.0 Ending Stocks 39.8 45.5 47.5 46.6 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 17.30 15.20 13.20 13.50 LONG GRAIN RICE Harvested Acres (mil.) 2.05 2.26 Yield (pounds/acre) 7523 7625 Beginning Stocks 21.2 19.3 35.3 35.3 Imports 37.3 42.0 43.0 44.0 Production 153.8 172.0 167.2 159.7 Supply, Total 7/ 212.3 233.3 245.5 239.0 Domestic & Residual 3/ 118.9 133.0 140.0 137.0 Exports 8/ 74.1 65.0 68.0 68.0 Use, Total 193.0 198.0 208.0 205.0 Ending Stocks 19.3 35.3 37.5 34.0 Avg.FarmPrice($/cwt) 6/ 15.90 14.20 12.00 12.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.81 0.61 Yield (pounds/acre) 7938 8200 Beginning Stocks 6.8 18.9 8.0 8.5 Imports 7.3 6.5 6.2 6.7 Production 64.1 50.1 52.1 54.7 Supply, Total 7/ 78.9 75.5 66.3 69.9 Domestic & Residual 3/ 36.0 37.0 32.0 32.0 Exports 8/ 24.0 30.0 26.0 27.0 Use, Total 60.0 67.0 58.0 59.0 Ending Stocks 18.9 8.5 8.3 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 21.60 18.90 17.60 17.40 California 10/ 22.30 20.00 20.00 19.50 Other States 1/ 17.20 15.20 12.50 13.00 ================================================================================ WASDE - 661 - 15 June 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Acres SOYBEANS Area Planted 83.6 87.1 83.5* 83.5* Area Harvested 82.3 86.1 82.7* 82.7* Bushels Yield per Harvested Acre 50.6 50.7 52.5* 52.5* Million Bushels Beginning Stocks 264 342 350 350 Production 4162 4366 4340 4340 Imports 21 25 20 20 Supply, Total 4447 4734 4710 4710 Crushings 2285 2420 2490 2490 Exports 1695 1850 1815 1815 Seed 75 72 73 73 Residual 49 42 37 37 Use, Total 4105 4384 4415 4415 Ending Stocks 342 350 295 295 Avg.FarmPrice ($/bu) 2/ 12.40 9.95 10.25 10.25 Million Pounds SOYBEAN OIL Beginning Stocks 1607 1551 1451 1451 Production 4/ 27093 28800 29380 29380 Imports 621 500 300 300 Supply, Total 29321 30851 31131 31131 Domestic Disappearance 27153 26800 27900 27900 Biofuel 3/ 12989 12900 13900 13900 Food, Feed & other Industrial 14164 13900 14000 14000 Exports 617 2600 1700 1700 Use, Total 27770 29400 29600 29600 Ending stocks 1551 1451 1531 1531 Avg. Price (c/lb) 2/ 47.28 46.00 46.00 46.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 371 453 450 450 Production 4/ 54106 57297 58700 58700 Imports 687 675 650 650 Supply, Total 55164 58425 59800 59800 Domestic Disappearance 38604 40575 41325 41325 Exports 16107 17400 18000 18000 Use, Total 54711 57975 59325 59325 Ending Stocks 453 450 475 475 Avg. Price ($/s.t.) 2/ 384.11 300.00 310.00 310.00 ================================================================================ WASDE - 661 - 16 June 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1843 2131 2032 2045 Production 2/ 9313 9291 9285 9254 Beet Sugar 5172 5318 5180 5150 Cane Sugar 4141 3973 4105 4104 Florida 2079 1929 2017 2016 Louisiana 2022 2045 2088 2088 Texas 40 0 0 0 Imports 3840 2953 2475 2474 TRQ 3/ 1788 1533 1419 1419 Other Program 4/ 300 200 200 200 Non-program 1752 1220 855 855 Mexico 521 497 669 669 High-tier tariff/other 1231 724 186 186 Total Supply 14995 14375 13791 13773 Exports 249 100 100 100 Deliveries 12534 12230 12255 12230 Food 12428 12125 12150 12125 Other 5/ 106 105 105 105 Miscellaneous 81 0 0 0 Total Use 12864 12330 12355 12330 Ending Stocks 2131 2045 1436 1443 Stocks to Use Ratio 16.6 16.6 11.6 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 2024/25 Est. May 1418 4811 189 4614 723 1081 Jun 1418 4774 175 4553 743 1071 2025/26 Proj. May 1081 5094 142 4569 667 1081 Jun 1071 5094 142 4569 657 1081 ================================================================================ WASDE - 661 - 17 June 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item May Jun ================================================================================ Million Acres Planted 10.23 11.18 9.87* 9.87** Harvested 6.44 7.81 8.37* 8.19** Pounds Yield per Harvested Acre 899 886 832* 820** Million 480 Pound Bales Beginning Stocks 4.65 3.15 4.80 4.40 Production 12.07 14.41 14.50 14.00 Imports 0.00 0.01 0.01 0.01 Supply, Total 16.72 17.57 19.31 18.41 Domestic Use 1.85 1.70 1.70 1.70 Exports, Total 11.75 11.50 12.50 12.50 Use, Total 13.60 13.20 14.20 14.20 Unaccounted 2/ -0.03 -0.03 -0.10 -0.10 Ending Stocks 3.15 4.40 5.20 4.30 Avg. Farm Price 3/ 76.1 63.0 62.0 62.0 ================================================================================ WASDE - 661 - 18 June 2025 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 274.77 791.95 222.93 159.19 797.76 222.28 268.96 World Less China 135.95 655.36 209.29 122.19 644.26 221.24 134.46 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 259.27 742.86 219.17 156.89 767.59 203.04 250.01 Major Exporters 4/ 47.55 324.63 13.80 73.04 180.16 165.60 40.21 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.30 7.80 19.84 2.91 Canada 5.63 32.95 0.56 3.99 9.11 25.44 4.58 European Union 5/ 16.27 135.38 12.66 46.50 110.50 38.01 15.79 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 2.00 6.70 18.58 0.71 Major Importers 6/ 178.98 208.72 139.35 56.31 329.85 19.76 177.43 Bangladesh 0.83 1.10 6.70 0.25 7.45 0.00 1.18 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.64 37.00 153.50 1.04 134.50 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.17 16.37 31.38 1.63 46.58 2.00 11.35 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 11.86 20.77 20.33 3.23 39.76 0.65 12.53 Southeast Asia 9/ 3.14 0.00 30.60 9.85 27.96 1.30 4.47 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.21 12.11 2.50 2.50 7.55 7.83 3.45 United Kingdom 2.31 13.98 3.14 7.40 15.59 0.57 3.26 2024/25 Est. World 3/ 268.96 799.91 197.91 154.92 804.90 205.91 263.98 World Less China 134.46 659.81 193.91 121.92 654.90 204.91 136.38 United States 18.95 53.65 4.08 3.27 31.48 22.32 22.90 Total Foreign 250.01 746.26 193.83 151.66 773.42 183.59 241.08 Major Exporters 4/ 40.21 314.73 11.84 73.05 180.60 149.00 37.18 Argentina 4.54 18.54 0.01 0.25 7.15 11.00 4.94 Australia 2.91 34.11 0.20 4.50 8.00 25.00 4.22 Canada 4.58 34.96 0.55 3.80 9.00 27.00 4.09 European Union 5/ 15.79 122.12 10.70 45.50 109.75 26.50 12.36 Russia 11.69 81.60 0.30 17.00 40.00 43.50 10.09 Ukraine 0.71 23.40 0.08 2.00 6.70 16.00 1.49 Major Importers 6/ 177.43 211.60 120.03 51.02 326.95 15.89 166.21 Bangladesh 1.18 1.10 6.00 0.20 7.50 0.00 0.78 Brazil 1.69 7.89 6.50 0.60 12.10 2.10 1.88 China 134.50 140.10 4.00 33.00 150.00 1.00 127.60 Japan 1.09 1.08 5.45 0.70 6.20 0.33 1.10 N. Africa 7/ 11.35 16.04 31.90 1.35 46.20 2.44 10.65 Nigeria 0.44 0.13 6.25 0.00 5.75 0.38 0.68 Sel. Mideast 8/ 12.53 23.56 17.65 2.92 39.88 0.73 13.14 Southeast Asia 9/ 4.47 0.00 29.18 9.55 28.03 1.29 4.33 Selected Other India 7.50 113.29 0.16 6.00 108.76 0.19 12.00 Kazakhstan 3.45 18.58 0.50 3.20 8.30 10.00 4.22 United Kingdom 3.26 11.15 3.90 6.83 15.03 0.48 2.81 ================================================================================ WASDE - 661 - 19 June 2025 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ May 265.21 808.52 209.65 155.45 808.00 212.99 265.73 Jun 263.98 808.59 210.93 155.80 809.80 214.33 262.76 World Less China May 138.31 666.52 203.65 122.45 658.00 211.99 141.83 Jun 136.38 666.59 204.93 122.80 659.80 213.33 138.16 United States May 22.90 52.28 3.27 3.27 31.54 21.77 25.12 Jun 22.90 52.28 3.27 3.27 31.54 22.45 24.45 Total Foreign May 242.31 756.24 206.39 152.19 776.45 191.21 240.61 Jun 241.08 756.31 207.67 152.54 778.26 191.87 238.32 Major Exporters 4/ May 38.68 329.00 10.66 72.90 180.75 158.50 39.09 Jun 37.18 329.55 10.66 73.40 181.25 159.00 37.14 Argentina May 4.94 20.00 0.01 0.30 7.30 13.00 4.65 Jun 4.94 20.00 0.01 0.30 7.30 13.00 4.65 Australia May 4.22 31.00 0.20 4.60 8.10 23.00 4.32 Jun 4.22 31.00 0.20 4.60 8.10 23.00 4.32 Canada May 4.09 36.00 0.55 4.00 9.25 27.00 4.39 Jun 4.09 36.00 0.55 4.00 9.25 27.00 4.39 European Union 5/ May 12.36 136.00 9.50 46.50 111.00 34.00 12.86 Jun 12.36 136.55 9.50 46.50 111.00 34.50 12.91 Russia May 11.59 83.00 0.30 15.50 38.50 45.00 11.39 Jun 10.09 83.00 0.30 16.00 39.00 45.00 9.39 Ukraine May 1.49 23.00 0.10 2.00 6.60 16.50 1.49 Jun 1.49 23.00 0.10 2.00 6.60 16.50 1.49 Major Importers 6/ May 166.08 210.62 132.38 52.03 329.61 16.51 162.96 Jun 166.21 210.82 132.48 51.88 330.06 16.51 162.94 Bangladesh May 0.91 1.00 7.00 0.30 8.00 0.00 0.91 Jun 0.78 1.00 6.90 0.30 7.90 0.00 0.78 Brazil May 1.48 8.00 6.70 0.50 12.10 2.70 1.38 Jun 1.88 8.00 6.70 0.50 12.10 2.70 1.78 China May 126.90 142.00 6.00 33.00 150.00 1.00 123.90 Jun 127.60 142.00 6.00 33.00 150.00 1.00 124.60 Japan May 1.12 1.10 5.45 0.70 6.20 0.31 1.16 Jun 1.10 1.10 5.45 0.70 6.20 0.31 1.14 N. Africa 7/ May 11.15 17.15 32.45 1.35 46.65 2.13 11.98 Jun 10.65 17.55 32.25 1.35 46.55 2.13 11.78 Nigeria May 0.68 0.13 5.80 0.00 5.50 0.40 0.71 Jun 0.68 0.13 6.40 0.00 6.20 0.40 0.61 Sel. Mideast 8/ May 13.19 20.48 19.68 2.78 40.11 1.00 12.23 Jun 13.14 20.28 19.68 2.78 40.21 1.00 11.88 Southeast Asia 9/ May 4.28 0.00 30.80 10.60 29.40 1.34 4.34 Jun 4.33 0.00 30.60 10.45 29.25 1.34 4.34 India May 12.00 117.00 0.25 6.50 112.50 0.25 16.50 Jun 12.00 117.51 0.25 6.50 113.00 0.25 16.51 Kazakhstan May 4.22 14.50 0.50 2.50 7.65 8.00 3.57 Jun 4.22 14.50 0.50 2.50 7.65 8.00 3.57 United Kingdom May 2.71 13.00 3.00 7.20 15.50 0.60 2.61 Jun 2.81 12.80 3.00 7.20 15.50 0.60 2.51 ================================================================================ WASDE - 661 - 20 June 2025 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 337.53 1506.95 243.26 923.75 1497.57 237.29 346.92 World Less China 130.76 1209.57 195.16 677.95 1158.87 237.29 133.36 United States 37.14 402.88 2.65 150.94 330.35 64.45 47.87 Total Foreign 300.40 1104.07 240.61 772.81 1167.22 172.85 299.04 Major Exporters 4/ 30.57 322.45 6.86 137.52 195.24 142.25 22.40 Argentina 3.14 59.37 0.01 12.27 18.33 40.58 3.62 Australia 3.97 14.48 0.00 5.29 7.17 9.66 1.63 Brazil 10.77 124.81 2.64 67.85 90.63 38.37 9.22 Canada 3.72 27.52 2.95 16.27 24.44 6.08 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.78 0.01 7.77 10.20 32.02 1.52 Major Importers 5/ 37.42 231.30 145.18 273.23 360.69 14.67 38.54 European Union 6/ 16.53 137.04 22.11 110.21 148.71 11.52 15.46 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.68 28.83 25.48 30.80 53.37 0.03 6.58 N. Afr & Mideast 7/ 7.02 34.01 37.76 60.01 68.40 2.52 7.88 Saudi Arabia 1.40 0.27 7.00 6.92 7.25 0.00 1.41 Southeast Asia 8/ 2.89 30.65 19.82 38.24 49.59 0.60 3.18 South Korea 1.91 0.16 11.67 9.30 11.68 0.00 2.06 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 2024/25 Est. World 3/ 346.92 1504.11 220.55 942.45 1537.13 227.56 313.90 World Less China 133.36 1200.65 199.88 695.33 1197.71 227.54 115.65 United States 47.87 390.86 2.34 152.16 333.10 70.09 37.88 Total Foreign 299.04 1113.26 218.21 790.29 1204.03 157.47 276.01 Major Exporters 4/ 22.40 325.09 5.24 139.93 202.04 131.09 19.59 Argentina 3.62 59.10 0.01 13.79 20.10 38.70 3.92 Australia 1.63 17.34 0.00 5.34 7.21 9.85 1.90 Brazil 9.22 136.58 2.43 70.45 98.36 43.19 6.69 Canada 3.68 27.52 2.15 15.95 24.01 6.31 3.03 Russia 1.71 34.78 0.10 20.13 28.10 7.05 1.44 Ukraine 1.52 33.47 0.02 7.13 9.64 24.38 1.00 Major Importers 5/ 38.54 228.38 148.35 281.99 369.30 11.07 34.89 European Union 6/ 15.46 137.18 21.30 112.85 151.24 8.46 14.23 Japan 1.44 0.20 16.64 13.23 16.87 0.00 1.42 Mexico 6.58 28.47 25.93 31.93 54.61 0.03 6.34 N. Afr & Mideast 7/ 7.88 31.28 38.64 61.29 69.62 2.02 6.17 Saudi Arabia 1.41 0.27 8.71 8.62 8.96 0.00 1.43 Southeast Asia 8/ 3.18 30.71 21.06 40.25 51.61 0.56 2.77 South Korea 2.06 0.16 11.61 9.39 11.73 0.00 2.10 Selected Other China 213.55 303.47 20.68 247.13 339.43 0.03 198.25 ================================================================================ WASDE - 661 - 21 June 2025 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ May 316.42 1549.52 228.49 960.91 1560.60 238.02 305.34 Jun 313.90 1550.70 228.74 961.38 1562.20 238.38 302.39 World Less China May 117.18 1245.57 200.01 704.59 1211.98 237.99 122.32 Jun 115.65 1246.75 200.26 705.05 1213.58 238.35 120.37 United States May 39.15 415.98 2.12 153.40 334.17 74.44 48.64 Jun 37.88 415.98 2.21 153.42 334.21 74.44 47.42 Total Foreign May 277.27 1133.54 226.37 807.51 1226.44 163.58 256.70 Jun 276.01 1134.72 226.53 807.96 1228.00 163.94 254.97 Major Exporters 4/ May 20.12 334.62 5.32 142.08 205.53 137.12 17.42 Jun 19.59 334.82 5.37 141.98 205.43 137.48 16.88 Argentina May 3.62 61.42 0.01 13.34 19.63 41.70 3.72 Jun 3.92 61.62 0.01 13.34 19.63 41.90 4.02 Australia May 1.96 16.72 0.00 5.34 7.21 9.66 1.81 Jun 1.90 16.72 0.00 5.39 7.26 9.72 1.64 Brazil May 6.72 137.62 2.47 71.50 100.44 43.09 3.29 Jun 6.69 137.62 2.52 71.50 100.49 43.09 3.26 Canada May 3.43 27.06 2.59 16.30 24.21 5.59 3.28 Jun 3.03 27.06 2.59 16.15 24.01 5.69 2.98 Russia May 1.44 37.73 0.10 21.40 29.73 7.58 1.96 Jun 1.44 37.73 0.10 21.40 29.73 7.58 1.96 Ukraine May 1.00 37.04 0.01 6.98 9.42 27.58 1.05 Jun 1.00 37.04 0.01 6.98 9.42 27.58 1.05 Major Importers 5/ May 34.89 234.70 150.91 286.08 373.83 11.45 35.22 Jun 34.89 234.80 150.92 286.19 373.94 11.45 35.22 European Union 6/ May 14.23 141.03 21.73 113.90 152.79 10.09 14.11 Jun 14.23 141.33 21.73 114.20 153.09 10.09 14.11 Japan May 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Jun 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Mexico May 6.34 29.69 26.08 32.93 55.76 0.03 6.32 Jun 6.34 29.69 26.08 32.93 55.76 0.03 6.32 N. Afr & Mideast 7/ May 6.17 31.89 39.38 61.81 70.29 0.72 6.43 Jun 6.17 31.69 39.38 61.61 70.09 0.72 6.43 Saudi Arabia May 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Jun 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Southeast Asia 8/ May 2.77 31.31 22.18 41.68 52.53 0.61 3.12 Jun 2.77 31.31 22.18 41.68 52.53 0.61 3.12 South Korea May 2.10 0.16 11.60 9.38 11.77 0.00 2.10 Jun 2.10 0.16 11.61 9.39 11.78 0.00 2.10 China May 199.25 303.95 28.48 256.33 348.63 0.03 183.02 Jun 198.25 303.95 28.48 256.33 348.63 0.03 182.02 ================================================================================ WASDE - 661 - 22 June 2025 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 305.68 1230.52 198.19 769.23 1220.30 193.57 315.90 World Less China 99.64 941.68 174.78 544.23 913.30 193.57 104.61 United States 34.55 389.67 0.72 147.46 321.92 58.23 44.79 Total Foreign 271.13 840.86 197.47 621.77 898.38 135.34 271.11 Major Exporters 4/ 18.67 232.53 2.72 93.53 128.01 112.89 13.03 Argentina 2.32 51.00 0.01 10.40 14.60 36.26 2.48 Brazil 10.04 119.00 1.72 62.50 84.00 38.27 8.49 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.43 0.94 7.03 13.83 2.27 0.66 Ukraine 3.00 32.50 0.01 4.50 5.38 29.49 0.64 Major Importers 5/ 21.10 123.45 103.33 160.75 221.10 5.02 21.76 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.95 19.83 58.30 78.10 4.39 7.31 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.94 23.50 24.76 26.00 47.20 0.03 5.97 Southeast Asia 7/ 2.88 30.60 19.29 37.90 49.00 0.60 3.17 South Korea 1.90 0.09 11.55 9.25 11.50 0.00 2.04 Selected Other Canada 1.63 15.42 2.81 9.79 15.80 2.07 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 2024/25 Est. World 3/ 315.90 1223.33 183.04 784.16 1254.18 189.94 285.04 World Less China 104.61 928.41 176.04 550.16 938.18 189.92 87.86 United States 44.79 377.63 0.64 146.06 321.07 67.31 34.68 Total Foreign 271.11 845.69 182.41 638.10 933.11 122.63 250.36 Major Exporters 4/ 13.03 236.55 1.93 96.00 135.85 104.40 11.25 Argentina 2.48 50.00 0.01 10.80 15.20 34.50 2.78 Brazil 8.49 130.00 1.50 64.50 91.00 43.00 5.99 Russia 0.76 14.00 0.05 9.50 10.60 3.30 0.91 South Africa 0.66 15.75 0.35 7.00 13.90 1.60 1.26 Ukraine 0.64 26.80 0.02 4.20 5.15 22.00 0.31 Major Importers 5/ 21.76 120.48 104.95 164.00 224.26 2.99 19.95 Egypt 1.43 7.00 8.40 13.00 15.50 0.00 1.33 European Union 6/ 7.31 59.31 20.00 58.20 77.90 2.40 6.33 Japan 1.30 0.02 15.20 12.00 15.25 0.00 1.27 Mexico 5.97 23.30 25.00 27.20 48.50 0.03 5.74 Southeast Asia 7/ 3.17 30.66 20.45 39.85 50.96 0.56 2.76 South Korea 2.04 0.09 11.50 9.35 11.55 0.00 2.09 Selected Other Canada 2.00 15.35 2.00 9.40 15.10 2.60 1.64 China 211.29 294.92 7.00 234.00 316.00 0.02 197.18 ================================================================================ WASDE - 661 - 23 June 2025 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ May 287.29 1264.98 187.48 801.55 1274.43 195.81 277.84 Jun 285.04 1265.98 187.48 801.90 1275.79 195.82 275.24 World Less China May 89.10 969.98 177.48 562.55 953.43 195.79 95.68 Jun 87.86 970.98 177.48 562.90 954.79 195.80 94.07 United States May 35.95 401.85 0.64 149.87 324.75 67.95 45.73 Jun 34.68 401.85 0.64 149.87 324.75 67.95 44.46 Total Foreign May 251.34 863.14 186.85 651.69 949.67 127.86 232.12 Jun 250.36 864.14 186.85 652.04 951.03 127.87 230.78 Major Exporters 4/ May 11.18 246.00 1.67 99.20 140.23 109.50 9.12 Jun 11.25 246.00 1.67 99.20 140.23 109.50 9.19 Argentina May 2.38 53.00 0.01 11.20 15.60 37.00 2.79 Jun 2.78 53.00 0.01 11.20 15.60 37.00 3.19 Brazil May 5.98 131.00 1.60 65.50 93.00 43.00 2.58 Jun 5.99 131.00 1.60 65.50 93.00 43.00 2.59 Russia May 0.91 15.00 0.05 10.10 11.20 3.60 1.16 Jun 0.91 15.00 0.05 10.10 11.20 3.60 1.16 South Africa May 1.59 16.50 0.00 7.10 14.20 1.90 1.99 Jun 1.26 16.50 0.00 7.10 14.20 1.90 1.66 Ukraine May 0.31 30.50 0.01 5.30 6.23 24.00 0.60 Jun 0.31 30.50 0.01 5.30 6.23 24.00 0.60 Major Importers 5/ May 19.95 123.23 107.30 166.25 226.70 3.64 20.13 Jun 19.95 123.23 107.30 166.25 226.70 3.64 20.13 Egypt May 1.33 7.25 8.75 13.30 15.80 0.00 1.53 Jun 1.33 7.25 8.75 13.30 15.80 0.00 1.53 European Union 6/ May 6.33 60.00 20.50 57.70 77.80 3.00 6.03 Jun 6.33 60.00 20.50 57.70 77.80 3.00 6.03 Japan May 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Jun 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Mexico May 5.74 24.50 25.00 28.00 49.50 0.03 5.71 Jun 5.74 24.50 25.00 28.00 49.50 0.03 5.71 Southeast Asia 7/ May 2.76 31.26 21.50 41.20 51.80 0.61 3.11 Jun 2.76 31.26 21.50 41.20 51.80 0.61 3.11 South Korea May 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Jun 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Canada May 1.94 14.70 2.50 9.60 15.10 2.10 1.94 Jun 1.64 14.70 2.50 9.50 15.00 2.10 1.74 China May 198.18 295.00 10.00 239.00 321.00 0.02 182.16 Jun 197.18 295.00 10.00 239.00 321.00 0.02 181.16 ================================================================================ WASDE - 661 - 24 June 2025 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 World 3/ 180.81 523.70 53.38 524.68 56.80 179.83 World Less China 74.21 379.08 51.85 376.57 55.17 76.83 United States 0.96 6.92 1.42 4.92 3.12 1.27 Total Foreign 179.85 516.77 51.96 519.77 53.69 178.56 Major Exporters 4/ 46.11 207.19 3.77 165.20 42.67 49.21 Burma 1.11 12.30 0.01 10.00 2.80 0.62 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.03 9.87 0.01 4.00 6.53 1.39 Thailand 4.35 20.00 0.05 12.30 9.89 2.21 Vietnam 3.62 27.20 3.70 22.50 9.04 2.99 Major Importers 5/ 121.72 237.07 20.79 258.94 2.02 118.61 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.37 2.11 3.25 0.36 0.70 Indonesia 4.70 33.02 4.65 36.20 0.00 6.17 Nigeria 2.23 5.61 1.89 7.65 0.00 2.07 Philippines 3.38 12.33 4.50 16.80 0.00 3.40 Sel. Mideast 7/ 1.22 2.02 4.64 6.58 0.00 1.30 Selected Other Brazil 0.62 7.20 0.96 7.10 0.97 0.71 C. Amer & Carib 8/ 0.61 1.40 1.85 3.25 0.06 0.55 Egypt 0.60 3.78 0.18 4.05 0.06 0.45 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.12 0.16 0.85 0.99 0.02 0.12 South Korea 1.43 3.70 0.40 4.19 0.13 1.21 2024/25 Est. World 3/ 179.83 541.15 58.13 533.65 61.91 187.33 World Less China 76.83 395.88 55.88 387.63 60.91 83.83 United States 1.27 7.05 1.54 5.40 3.02 1.44 Total Foreign 178.56 534.10 56.59 528.26 58.89 185.88 Major Exporters 4/ 49.21 219.15 4.07 171.35 47.20 53.87 Burma 0.62 11.90 0.01 10.10 1.50 0.93 India 42.00 150.00 0.00 122.00 25.00 45.00 Pakistan 1.39 9.75 0.01 4.10 5.80 1.25 Thailand 2.21 20.55 0.05 12.50 7.00 3.31 Vietnam 2.99 26.95 4.00 22.65 7.90 3.39 Major Importers 5/ 118.61 239.66 21.95 258.58 1.44 120.20 China 103.00 145.28 2.25 146.03 1.00 103.50 European Union 6/ 0.70 1.60 2.35 3.40 0.40 0.84 Indonesia 6.17 34.60 0.60 35.90 0.00 5.47 Nigeria 2.07 5.77 2.90 7.90 0.00 2.84 Philippines 3.40 12.00 5.55 17.30 0.00 3.65 Sel. Mideast 7/ 1.30 2.28 5.00 6.95 0.00 1.62 Selected Other Brazil 0.71 8.20 0.85 7.20 1.28 1.29 C. Amer & Carib 8/ 0.55 1.51 2.05 3.41 0.08 0.63 Egypt 0.45 3.90 0.18 4.10 0.05 0.38 Japan 1.60 7.29 0.78 8.18 0.09 1.40 Mexico 0.12 0.17 0.88 1.01 0.02 0.14 South Korea 1.21 3.59 0.41 3.88 0.17 1.15 ================================================================================ WASDE - 661 - 25 June 2025 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2025/26 Proj. World 3/ May 185.11 538.71 58.59 538.75 60.81 185.07 Jun 187.33 541.58 58.87 541.07 61.71 187.83 World Less China May 81.61 392.71 56.24 392.75 59.96 80.07 Jun 83.83 395.58 56.42 395.02 60.81 82.83 United States May 1.43 6.96 1.56 5.46 2.99 1.51 Jun 1.44 6.81 1.61 5.37 3.02 1.48 Total Foreign May 183.68 531.75 57.02 533.29 57.82 183.56 Jun 185.88 534.77 57.26 535.71 58.70 186.35 Major Exporters 4/ May 52.24 216.50 4.16 174.80 46.10 51.99 Jun 53.87 219.50 4.17 176.30 46.90 54.33 Burma May 0.93 12.00 0.01 10.20 1.50 1.23 Jun 0.93 12.00 0.01 10.20 1.50 1.23 India May 43.50 148.00 0.00 125.00 24.00 42.50 Jun 45.00 151.00 0.00 126.50 25.00 44.50 Pakistan May 1.12 9.80 0.00 4.20 5.50 1.22 Jun 1.25 9.80 0.01 4.20 5.30 1.56 Thailand May 3.31 20.40 0.05 12.65 7.20 3.91 Jun 3.31 20.40 0.05 12.65 7.20 3.91 Vietnam May 3.39 26.30 4.10 22.75 7.90 3.14 Jun 3.39 26.30 4.10 22.75 7.90 3.14 Major Importers 5/ May 119.64 240.18 21.50 259.75 1.32 120.26 Jun 120.20 240.18 21.60 259.85 1.37 120.77 China May 103.50 146.00 2.35 146.00 0.85 105.00 Jun 103.50 146.00 2.45 146.05 0.90 105.00 European Union 6/ May 0.84 1.77 2.20 3.55 0.43 0.84 Jun 0.84 1.77 2.20 3.55 0.43 0.84 Indonesia May 5.47 33.60 0.80 35.50 0.00 4.37 Jun 5.47 33.60 0.80 35.50 0.00 4.37 Nigeria May 2.63 5.23 3.10 8.10 0.00 2.85 Jun 2.84 5.23 3.10 8.10 0.00 3.06 Philippines May 3.65 12.30 5.40 17.70 0.00 3.65 Jun 3.65 12.30 5.40 17.70 0.00 3.65 Sel. Mideast 7/ May 1.57 2.23 5.05 7.20 0.00 1.65 Jun 1.62 2.23 5.05 7.25 0.00 1.65 Brazil May 1.29 7.60 0.85 7.30 1.30 1.14 Jun 1.29 7.60 0.85 7.30 1.30 1.14 C. Amer & Carib 8/ May 0.63 1.52 2.05 3.49 0.08 0.63 Jun 0.63 1.52 2.04 3.48 0.08 0.63 Egypt May 0.38 3.90 0.18 4.15 0.05 0.25 Jun 0.38 3.90 0.18 4.15 0.05 0.25 Japan May 1.40 7.28 0.69 8.00 0.10 1.27 Jun 1.40 7.28 0.69 8.00 0.10 1.27 Mexico May 0.14 0.17 0.90 1.02 0.01 0.18 Jun 0.14 0.17 0.90 1.02 0.01 0.18 South Korea May 1.15 3.54 0.41 3.81 0.20 1.09 Jun 1.15 3.54 0.41 3.81 0.20 1.09 ================================================================================ WASDE - 661 - 26 June 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 World 75.90 112.96 44.05 114.80 44.59 -0.21 73.74 World Less China 42.55 85.61 29.08 75.90 44.53 -0.21 37.02 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.25 100.90 44.05 112.95 32.84 -0.18 70.59 Major Exporters 4/ 27.28 57.95 1.63 34.36 28.27 -0.18 24.40 Central Asia 5/ 3.66 5.02 0.05 3.89 1.66 0.00 3.18 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.30 S. Hemis. 7/ 11.37 22.03 0.15 4.21 19.25 -0.18 10.27 Australia 4.81 5.00 3/ 0.00 5.74 -0.18 4.24 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.61 39.96 74.49 2.99 0.00 43.86 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.90 0.06 0.00 36.72 European Union 9/ 0.39 1.04 0.47 0.51 1.13 0.00 0.26 Turkey 2.63 3.19 3.57 6.60 1.39 0.00 1.40 Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85 Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40 Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09 Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71 Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03 2024/25 Est. World 73.74 119.93 42.56 116.55 42.61 -0.22 77.29 World Less China 37.02 87.93 37.06 79.55 42.51 -0.22 40.17 United States 3.15 14.41 0.01 1.70 11.50 -0.03 4.40 Total Foreign 70.59 105.51 42.55 114.85 31.11 -0.19 72.89 Major Exporters 4/ 24.40 58.96 4.04 34.64 26.84 -0.19 26.12 Central Asia 5/ 3.18 5.09 0.10 4.06 1.44 0.00 2.87 Afr. Fr. Zone 6/ 1.30 4.61 3/ 0.10 4.40 0.00 1.41 S. Hemis. 7/ 10.27 24.67 0.14 4.35 19.21 -0.19 11.72 Australia 4.24 5.60 3/ 0.00 5.10 -0.19 4.93 Brazil 3.11 17.00 0.01 3.30 13.00 0.00 3.82 India 9.30 24.00 2.80 25.00 1.40 0.00 9.70 Major Importers 8/ 43.86 43.18 35.66 75.62 2.70 0.00 44.39 Mexico 0.24 0.83 0.65 1.35 0.15 0.00 0.22 China 36.72 32.00 5.50 37.00 0.10 0.00 37.12 European Union 9/ 0.26 1.24 0.47 0.52 1.17 0.00 0.29 Turkey 1.40 3.95 4.30 7.10 1.20 0.00 1.35 Pakistan 1.85 5.00 5.80 10.60 0.05 0.00 2.00 Indonesia 0.40 3/ 1.85 1.85 0.02 0.00 0.38 Thailand 0.09 3/ 0.48 0.48 0.00 0.00 0.09 Bangladesh 1.71 0.15 8.20 8.30 0.00 0.00 1.76 Vietnam 1.03 3/ 7.80 7.80 0.00 0.00 1.04 ================================================================================ WASDE - 661 - 27 June 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2025/26 Proj. World May 78.40 117.81 44.82 118.08 44.83 -0.25 78.38 Jun 77.29 116.99 44.82 117.76 44.79 -0.25 76.80 World Less China May 40.79 88.81 37.82 81.58 44.73 -0.25 41.36 Jun 40.17 86.99 38.32 81.26 44.69 -0.25 39.78 United States May 4.80 14.50 0.01 1.70 12.50 -0.10 5.20 Jun 4.40 14.00 0.01 1.70 12.50 -0.10 4.30 Total Foreign May 73.60 103.31 44.82 116.38 32.33 -0.15 73.18 Jun 72.89 102.99 44.81 116.06 32.29 -0.15 72.50 Major Exporters 4/ May 26.31 59.74 4.05 35.63 28.32 -0.15 26.30 Jun 26.12 58.72 4.45 35.52 28.23 -0.15 25.68 Central Asia 5/ May 2.89 5.12 0.20 4.09 1.46 0.00 2.67 Jun 2.87 5.10 0.20 4.08 1.44 0.00 2.65 Afr. Fr. Zone 6/ May 1.41 4.83 3/ 0.11 4.80 0.00 1.33 Jun 1.41 4.83 3/ 0.11 4.83 0.00 1.31 S. Hemis. 7/ May 11.62 24.81 0.15 4.56 20.21 -0.15 11.95 Jun 11.72 24.81 0.15 4.56 20.61 -0.15 11.65 Australia May 4.73 4.10 3/ 0.00 4.90 -0.15 4.08 Jun 4.93 4.10 3/ 0.00 5.00 -0.15 4.18 Brazil May 3.92 18.25 0.01 3.50 14.00 0.00 4.67 Jun 3.82 18.25 0.01 3.50 14.30 0.00 4.27 India May 10.00 24.50 3.00 26.00 1.50 0.00 10.00 Jun 9.70 23.50 3.00 25.50 1.00 0.00 9.70 Major Importers 8/ May 44.89 40.24 37.73 76.02 2.47 0.00 44.37 Jun 44.39 40.94 37.23 75.72 2.52 0.00 44.32 Mexico May 0.22 0.70 0.60 1.25 0.10 0.00 0.17 Jun 0.22 0.70 0.60 1.25 0.10 0.00 0.17 China May 37.62 29.00 7.00 36.50 0.10 0.00 37.02 Jun 37.12 30.00 6.50 36.50 0.10 0.00 37.02 European Union 9/ May 0.30 1.28 0.51 0.55 1.19 0.00 0.34 Jun 0.29 1.28 0.51 0.55 1.24 0.00 0.28 Turkey May 1.35 3.60 5.00 7.50 1.00 0.00 1.45 Jun 1.35 3.60 4.80 7.30 1.00 0.00 1.45 Pakistan May 2.00 5.50 5.00 10.60 0.05 0.00 1.85 Jun 2.00 5.20 5.30 10.60 0.05 0.00 1.85 Indonesia May 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Jun 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Thailand May 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Jun 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Bangladesh May 1.76 0.15 8.50 8.50 0.00 0.00 1.92 Jun 1.76 0.15 8.40 8.40 0.00 0.00 1.92 Vietnam May 1.04 3/ 8.00 8.00 0.00 0.00 1.04 Jun 1.04 3/ 8.00 8.00 0.00 0.00 1.04 ================================================================================ WASDE - 661 - 28 June 2025 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2023/24 World 2/ 101.78 396.93 178.12 331.03 383.85 177.67 115.31 World Less China 69.44 376.09 66.12 232.03 262.05 177.60 72.00 United States 7.19 113.27 0.57 62.20 65.58 46.13 9.32 Total Foreign 94.59 283.66 177.55 268.83 318.27 131.54 105.99 Major Exporters 3/ 54.28 217.00 8.67 94.14 105.49 120.00 54.46 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 154.50 0.87 54.41 58.26 104.17 29.76 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 35.03 24.57 144.11 126.74 157.15 0.35 46.20 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.26 2.81 13.46 14.50 16.00 0.25 1.28 Southeast Asia 5/ 0.68 0.47 9.09 4.35 9.40 0.02 0.83 Mexico 0.56 0.20 6.46 6.53 6.60 0.01 0.61 2024/25 Est. World 2/ 115.31 420.78 178.28 353.20 409.23 180.93 124.20 World Less China 72.00 400.13 70.28 250.20 282.33 180.85 79.22 United States 9.32 118.84 0.68 65.86 68.96 50.35 9.53 Total Foreign 105.99 301.94 177.60 287.34 340.27 130.58 114.68 Major Exporters 3/ 54.46 231.50 6.31 102.85 114.78 118.50 58.99 Argentina 24.05 49.00 6.00 42.60 50.10 4.20 24.75 Brazil 29.76 169.00 0.28 57.00 61.10 104.50 33.44 Paraguay 0.29 10.20 0.02 3.10 3.28 6.80 0.43 Major Importers 4/ 46.20 24.56 142.96 132.28 164.11 0.50 49.11 China 43.31 20.65 108.00 103.00 126.90 0.08 44.98 European Union 1.28 2.92 14.60 15.00 16.52 0.40 1.88 Southeast Asia 5/ 0.83 0.45 10.36 5.10 10.42 0.01 1.20 Mexico 0.61 0.27 6.70 6.65 6.74 0.01 0.84 2025/26 Proj. World 2/ May 123.18 426.82 186.82 366.46 424.05 188.43 124.33 Jun 124.20 426.82 186.86 366.59 424.15 188.43 125.30 World Less China May 79.22 405.82 74.82 258.46 291.05 188.33 80.47 Jun 79.22 405.82 74.86 258.59 291.15 188.33 80.42 United States May 9.53 118.12 0.54 67.77 70.76 49.40 8.03 Jun 9.53 118.12 0.54 67.77 70.76 49.40 8.03 Total Foreign May 113.65 308.70 186.28 298.70 353.29 139.04 116.30 Jun 114.68 308.70 186.32 298.82 353.39 139.04 117.27 Major Exporters 3/ May 58.86 237.60 7.38 104.27 116.42 127.00 60.42 Jun 58.99 237.60 7.38 104.27 116.42 127.00 60.55 Argentina May 24.75 48.50 7.20 43.00 50.50 4.50 25.45 Jun 24.75 48.50 7.20 43.00 50.50 4.50 25.45 Brazil May 33.31 175.00 0.15 58.00 62.30 112.00 34.16 Jun 33.44 175.00 0.15 58.00 62.30 112.00 34.29 Paraguay May 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Jun 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Major Importers 4/ May 48.19 24.89 147.60 138.76 171.76 0.43 48.48 Jun 49.11 24.89 147.60 138.76 171.76 0.43 49.40 China May 43.96 21.00 112.00 108.00 133.00 0.10 43.86 Jun 44.98 21.00 112.00 108.00 133.00 0.10 44.88 European Union May 1.98 2.95 14.30 15.30 16.82 0.30 2.11 Jun 1.88 2.95 14.30 15.30 16.82 0.30 2.01 Southeast Asia 5/ May 1.20 0.42 11.00 5.91 11.31 0.02 1.30 Jun 1.20 0.42 11.00 5.91 11.31 0.02 1.30 Mexico May 0.84 0.27 7.00 7.00 7.09 0.01 1.01 Jun 0.84 0.27 7.00 7.00 7.09 0.01 1.01 ================================================================================ WASDE - 661 - 29 June 2025 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 14.30 259.58 69.78 254.71 74.19 14.76 World Less China 13.36 181.17 69.75 177.56 72.76 13.96 United States 0.34 49.08 0.62 35.02 14.61 0.41 Total Foreign 13.96 210.49 69.16 219.69 59.58 14.35 Major Exporters 3/ 6.52 79.14 0.05 30.58 49.58 5.56 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 4.03 41.57 0.02 20.00 22.72 2.89 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.61 21.78 38.58 58.79 0.87 2.30 European Union 0.47 11.46 16.54 26.94 0.65 0.87 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.95 3.39 18.29 21.25 0.22 1.16 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Est. World 2/ 14.76 277.35 77.17 271.17 80.42 17.69 World Less China 13.96 195.78 77.12 190.72 79.42 16.72 United States 0.41 51.98 0.61 36.81 15.79 0.41 Total Foreign 14.35 225.38 76.56 234.36 64.64 17.29 Major Exporters 3/ 5.56 86.02 0.13 31.08 54.30 6.32 Argentina 2.44 33.23 0.07 3.50 29.50 2.74 Brazil 2.89 43.99 0.01 20.50 23.00 3.39 India 0.22 8.80 0.05 7.08 1.80 0.20 Major Importers 4/ 2.30 22.99 42.86 63.86 1.04 3.24 European Union 0.87 11.85 18.80 29.54 0.70 1.28 Mexico 0.16 5.26 2.30 7.43 0.00 0.28 Southeast Asia 5/ 1.16 3.98 20.13 23.39 0.34 1.53 China 0.79 81.58 0.05 80.45 1.00 0.97 2025/26 Proj. World 2/ May 17.66 287.63 77.40 283.37 80.93 18.39 Jun 17.69 287.73 77.70 283.52 81.23 18.37 World Less China May 16.69 202.09 77.35 199.22 79.73 17.19 Jun 16.72 202.19 77.65 199.37 80.03 17.16 United States May 0.41 53.25 0.59 37.49 16.33 0.43 Jun 0.41 53.25 0.59 37.49 16.33 0.43 Total Foreign May 17.25 234.38 76.81 245.88 64.60 17.96 Jun 17.29 234.48 77.11 246.03 64.90 17.94 Major Exporters 3/ May 6.32 87.40 0.07 33.10 54.30 6.38 Jun 6.32 87.40 0.07 32.75 54.60 6.44 Argentina May 2.68 33.54 0.01 3.60 30.00 2.63 Jun 2.74 33.54 0.01 3.60 30.00 2.69 Brazil May 3.39 44.78 0.01 21.50 23.20 3.47 Jun 3.39 44.78 0.01 21.50 23.20 3.47 India May 0.25 9.08 0.05 8.00 1.10 0.28 Jun 0.20 9.08 0.05 7.65 1.40 0.28 Major Importers 4/ May 3.14 24.14 41.60 64.64 0.88 3.36 Jun 3.24 24.14 41.80 64.94 0.88 3.36 European Union May 1.18 12.09 16.90 28.54 0.60 1.02 Jun 1.28 12.09 17.10 28.84 0.60 1.02 Mexico May 0.28 5.53 2.40 7.88 0.00 0.34 Jun 0.28 5.53 2.40 7.88 0.00 0.34 Southeast Asia 5/ May 1.53 4.60 20.50 24.51 0.28 1.85 Jun 1.53 4.60 20.50 24.51 0.28 1.85 China May 0.96 85.54 0.05 84.15 1.20 1.20 Jun 0.97 85.54 0.05 84.15 1.20 1.21 ================================================================================ WASDE - 661 - 30 June 2025 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 5.88 63.97 10.59 62.92 11.81 5.70 World Less China 4.86 45.16 10.21 44.02 11.71 4.50 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 5.15 51.68 10.31 50.60 11.53 5.00 Major Exporters 3/ 1.97 21.63 0.67 14.68 8.04 1.55 Argentina 0.72 7.25 0.00 1.77 5.53 0.67 Brazil 0.59 11.06 0.08 10.20 1.35 0.18 European Union 0.57 2.76 0.59 2.63 0.66 0.62 Major Importers 4/ 1.93 22.14 5.41 26.98 0.26 2.24 China 1.01 18.81 0.38 18.90 0.10 1.20 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.30 0.93 1.15 1.97 0.14 0.27 2024/25 Est. World 2/ 5.70 68.39 13.34 67.00 14.30 6.13 World Less China 4.50 48.82 13.09 47.00 14.10 5.31 United States 0.70 13.06 0.23 12.16 1.18 0.66 Total Foreign 5.00 55.32 13.12 54.84 13.12 5.47 Major Exporters 3/ 1.55 23.52 0.75 14.82 9.43 1.57 Argentina 0.67 8.50 0.03 1.98 6.55 0.67 Brazil 0.18 11.58 0.08 10.11 1.43 0.30 European Union 0.62 2.85 0.65 2.66 0.90 0.57 Major Importers 4/ 2.24 23.01 7.53 30.03 0.30 2.44 China 1.20 19.57 0.25 20.00 0.20 0.82 India 0.75 1.98 5.10 6.62 0.02 1.20 North Africa 5/ 0.27 1.06 1.33 2.23 0.08 0.34 2025/26 Proj. World 2/ May 6.06 70.77 12.58 69.22 13.74 6.45 Jun 6.13 70.79 12.58 69.26 13.74 6.50 World Less China May 5.30 50.25 12.18 48.42 13.64 5.67 Jun 5.31 50.27 12.18 48.46 13.64 5.67 United States May 0.66 13.33 0.14 12.66 0.77 0.69 Jun 0.66 13.33 0.14 12.66 0.77 0.69 Total Foreign May 5.40 57.44 12.45 56.57 12.97 5.76 Jun 5.47 57.47 12.45 56.61 12.97 5.81 Major Exporters 3/ May 1.56 23.86 0.70 15.11 9.34 1.67 Jun 1.57 23.86 0.70 15.12 9.34 1.67 Argentina May 0.65 8.58 0.01 1.97 6.60 0.67 Jun 0.67 8.58 0.01 1.98 6.60 0.67 Brazil May 0.30 11.79 0.04 10.35 1.40 0.37 Jun 0.30 11.79 0.04 10.35 1.40 0.37 European Union May 0.57 2.91 0.65 2.71 0.85 0.57 Jun 0.57 2.91 0.65 2.71 0.85 0.57 Major Importers 4/ May 2.38 24.26 7.07 30.98 0.25 2.49 Jun 2.44 24.26 7.07 30.98 0.25 2.55 China May 0.76 20.52 0.40 20.80 0.10 0.78 Jun 0.82 20.52 0.40 20.80 0.10 0.84 India May 1.20 2.04 4.60 6.55 0.02 1.28 Jun 1.20 2.04 4.60 6.55 0.02 1.28 North Africa 5/ May 0.34 1.26 1.32 2.44 0.13 0.36 Jun 0.34 1.26 1.32 2.44 0.13 0.36 ================================================================================ WASDE - 661 - 31 June 2025 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2024 II 6762 6713 13518 11654 1306 13106 26624 2234 57.3 III 6782 6776 13600 12004 1282 13435 27035 2245 56.1 IV 6882 7207 14133 11905 1264 13302 27435 2269 55.5 Annual 26984 27789 54947 46994 5121 52677 107625 9017 225.9 2025 I 6543 6956 13540 11565 1146 12829 26369 2114 56.8 II* 6510 6760 13313 11815 1190 13130 26443 2115 58.2 III* 6665 6880 13585 12125 1220 13480 27065 2185 56.7 IV* 6640 7400 14082 12075 1250 13455 27537 2235 56.2 MayProj. 26423 27996 54583 47512 4862 52897 107481 8795 227.3 JunProj. 26358 27996 54520 47580 4806 52894 107414 8649 227.8 2026 I* 6240 6980 13259 11800 1215 13145 26404 2225 57.0 MayProj. 25140 28370 53670 48100 5040 53685 107355 9320 227.9 JunProj. 25275 28370 53804 48100 5080 53725 107529 9175 228.2 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2024 II 188.42 67.33 132.1 95.7 227.1 21.73 III 189.26 65.67 127.4 93.3 317.2 23.97 IV 189.75 62.89 130.0 93.6 409.5 24.20 Annual 187.12 63.41 129.4 93.7 303.1 22.55 2025 I 205.02 63.59 130.8 94.8 675.3 23.23 II* 226.00 69.00 136.0 118.0 345.0 20.80 III* 226.00 74.00 134.0 125.0 285.0 21.40 IV* 229.00 63.00 134.0 126.0 315.0 22.40 MayProj. 214.51 65.65 133.2 107.0 406.3 21.60 JunProj. 221.51 67.40 133.7 116.0 405.1 21.95 2026 I* 227.00 63.00 134.0 115.0 250.0 21.60 MayProj. 223 64 135 110 216 21.15 JunProj. 229 64 136 121 216 21.30 ================================================================================ WASDE - 661 - 32 June 2025 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2024 638 27051 4635 32324 3003 602 28718 59.1 2025 Proj. May 602 26490 5072 32163 2663 585 28915 59.1 Jun 602 26425 5187 32213 2708 570 28935 59.2 2026 Proj. May 585 25207 4975 30767 2495 560 27712 56.4 Jun 570 25342 5025 30937 2470 550 27917 56.8 Pork 2024 471 27804 1148 29422 7115 435 21872 49.9 2025 Proj. May 435 28011 1090 29536 7058 425 22053 50.0 Jun 435 28011 1105 29551 6948 425 22178 50.3 2026 Proj. May 425 28384 1140 29949 7140 435 22374 50.5 Jun 425 28384 1140 29949 7000 435 22514 50.8 TotalRed Meat5/ 2024 1130 55038 6148 62316 10123 1058 51135 110.4 2025 Proj. May 1058 54674 6505 62237 9726 1031 51480 110.4 Jun 1058 54611 6635 62304 9662 1016 51626 110.8 2026 Proj. May 1031 53761 6460 61251 9640 1016 50595 108.2 Jun 1016 53895 6510 61421 9475 1006 50940 109.0 Broiler 2024 835 46491 150 47475 6724 761 39990 101.0 2025 Proj. May 761 47003 144 47908 6578 775 40555 101.8 Jun 761 47071 149 47981 6588 775 40618 101.9 2026 Proj. May 775 47585 140 48500 6670 780 41050 102.6 Jun 775 47585 140 48500 6670 780 41050 102.6 Turkey 2024 243 5121 37 5401 486 219 4696 13.8 2025 Proj. May 219 4862 31 5112 420 200 4491 13.1 Jun 219 4806 31 5056 405 195 4455 13.0 2026 Proj. May 200 5040 28 5268 435 210 4623 13.4 Jun 195 5080 28 5303 435 210 4658 13.5 Total Poultry6/ 2024 1085 52174 190 53449 7231 985 45234 116.4 2025 Proj. May 985 52388 176 53550 7023 980 45546 116.4 Jun 985 52384 181 53551 7023 975 45552 116.3 2026 Proj. May 980 53170 172 54322 7129 996 46197 117.5 Jun 975 53210 170 54355 7129 996 46230 117.6 RedMeat& Poultry 2024 2215 107212 6338 115765 17354 2043 96368 226.8 2025 Proj. May 2043 107063 6681 115787 16749 2011 97027 226.8 Jun 2043 106995 6816 115854 16685 1991 97178 227.1 2026 Proj. May 2011 106930 6632 115573 16769 2012 96792 225.8 Jun 1991 107105 6680 115775 16604 2002 97170 226.6 ================================================================================ WASDE - 661 - 33 June 2025 U.S. Egg Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity May Jun May Jun ================================================================================ Million Dozen Eggs Supply BeginningStocks 18.8 23.1 14.2 14.2 19.0 18.0 Production 9150.3 9016.6 8795.4 8649.5 9320.0 9175.0 Imports 27.5 30.1 103.7 123.7 80.0 70.0 Total Supply 9196.5 9069.8 8913.4 8787.4 9419.0 9263.0 Use Exports 250.5 234.4 202.2 187.2 220.0 220.0 Hatching Use 1120.4 1148.2 1157.6 1157.4 1160.0 1160.0 Ending Stocks 23.1 14.2 19.0 18.0 22.0 22.0 Disappearance Total 7802.5 7673.0 7534.5 7424.8 8017.0 7861.0 Per Capita (number) 277.7 270.6 264.1 260.3 279.8 274.4 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity May Jun May Jun ================================================================================ Billion Pounds Milk Production 226.3 225.9 227.3 227.8 227.9 228.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.4 13.8 13.1 13.1 12.6 12.1 Marketings 225.3 224.9 226.3 226.8 226.9 227.2 Imports 7.3 9.1 8.3 8.6 8.7 8.7 Total Supply 247.1 247.8 247.7 248.5 248.2 248.0 FatBasisUse Exports 10.5 11.8 12.2 13.6 11.8 12.4 Ending Stocks 13.8 13.1 12.6 12.1 12.2 12.1 Domestic Use 222.8 222.9 222.9 222.8 224.2 223.5 Skim-solidBasisSupply BeginningStocks 11.7 9.8 9.4 9.4 11.5 11.5 Marketings 225.3 224.9 226.3 226.8 226.9 227.2 Imports 6.3 6.8 6.7 6.8 6.8 7.1 Total Supply 243.3 241.5 242.4 243.1 245.2 245.8 Skim-solidBasisUse Exports 49.9 48.8 45.4 44.9 46.9 46.5 Ending Stocks 9.8 9.4 11.5 11.5 11.0 11.1 Domestic Use 183.6 183.3 185.6 186.7 187.4 188.2 ================================================================================ WASDE - 661 - 34 June 2025 U.S. Dairy Prices ================================================================================ Commod- 2023 2024 2025 Proj. 2025 Proj. 2026 Proj. 2026 Proj. ity May Jun May Jun ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.7593 1.8634 1.840 1.860 1.800 1.810 Butter 2.6170 2.8870 2.460 2.535 2.450 2.480 Nonfat Dry Milk 1.1856 1.2420 1.240 1.250 1.215 1.215 Dry Whey 0.3618 0.4913 0.535 0.565 0.470 0.510 Milk Prices 2/ Dollars Per Cwt ClassIII 17.02 18.89 18.70 18.65 17.50 17.80 Class IV 19.12 20.75 18.45 18.85 18.10 18.20 All Milk 3/ 20.34 22.55 21.60 21.95 21.15 21.30 ================================================================================ WASDE - 661 - 35 June 2025 Reliability of June 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 2.9 4.9 15.7 0.4 32.2 27 17 U.S. 6.2 10.4 2.8 0.0 8.4 25 19 Foreign 3.1 5.2 14.7 1.1 31.9 26 17 Exports World 5.9 9.9 6.3 0.0 19.2 29 14 U.S. 11.5 19.4 2.6 0.0 10.2 24 19 Foreign 6.4 10.7 5.7 0.6 19.8 31 12 Domestic Use World 2.2 3.6 10.3 0.3 27.7 27 17 U.S. 6.8 11.4 1.7 0.0 6.4 20 24 Foreign 2.2 3.6 10.1 0.6 28.6 29 14 Ending Stocks World 9.8 16.6 12.5 0.6 40.5 27 17 U.S. 18.1 30.4 3.3 0.1 14.9 25 19 Foreign 10.0 16.9 10.7 0.2 36.1 27 16 COARSE GRAINS 2/ Production World 3.5 5.9 26.3 0.6 103.3 23 21 U.S. 13.0 21.9 19.1 0.5 103.8 23 21 Foreign 2.7 4.5 14.4 0.4 45.6 21 22 Exports World 7.4 12.4 7.6 0.3 24.0 30 14 U.S. 28.3 47.6 8.4 0.1 30.8 20 24 Foreign 13.0 21.9 6.9 0.5 19.2 27 16 Domestic Use World 1.9 3.2 14.6 0.3 66.7 20 24 U.S. 5.3 9.0 7.4 0.1 37.0 27 17 Foreign 2.0 3.3 12.1 0.1 38.2 21 22 Ending Stocks World 20.0 33.7 25.4 0.5 170.1 28 16 U.S. 53.2 89.6 15.9 0.1 57.6 24 20 Foreign 16.6 28.0 15.2 0.1 155.2 31 12 RICE, milled Production World 2.3 3.9 7.0 0.3 21.8 28 16 U.S. 7.5 12.6 0.4 0.0 1.1 24 20 Foreign 2.3 3.9 6.9 0.4 21.9 27 16 Exports World 9.5 16.0 2.0 0.1 7.5 31 13 U.S. 12.4 20.9 0.3 0.0 1.0 20 21 Foreign 10.4 17.5 2.0 0.1 7.7 31 12 Domestic Use World 1.8 3.0 4.8 0.0 20.3 28 16 U.S. 8.3 14.0 0.2 0.0 0.6 20 23 Foreign 1.8 3.1 4.8 0.0 20.8 29 14 Ending Stocks World 14.0 23.5 7.8 0.2 26.7 31 13 U.S. 31.9 53.7 0.3 0.0 0.9 23 19 Foreign 15.1 25.4 8.0 0.4 26.4 31 12 ================================================================================ WASDE - 661 - 36 June 2025 Reliability of June 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 12.6 0.1 36.2 7 14 U.S. 8.8 14.9 4.9 0.0 16.2 22 22 Foreign NA NA 9.3 0.2 37.0 7 13 Exports World NA NA 5.5 0.1 17.3 12 9 U.S. 15.1 25.4 3.5 0.3 14.0 24 20 Foreign NA NA 4.8 0.0 19.1 13 7 Domestic Use World NA NA 7.6 0.3 17.9 8 13 U.S. 5.8 9.8 1.8 0.0 7.2 25 19 Foreign NA NA 7.0 0.4 17.5 8 12 Ending Stocks World NA NA 8.1 0.1 26.2 9 12 U.S. 65.0 109.5 3.3 0.3 16.6 14 30 Foreign NA NA 6.3 0.3 19.1 10 10 COTTON Production World 5.8 9.7 4.0 0.0 16.4 23 20 U.S. 12.6 21.2 1.6 0.1 5.7 20 24 Foreign 5.8 9.8 3.1 0.2 12.4 24 19 Exports World 10.6 17.8 2.4 0.1 12.4 24 20 U.S. 28.0 47.1 1.4 0.1 4.0 24 20 Foreign 13.3 22.4 1.9 0.1 9.9 22 21 Domestic Use World 5.4 9.1 3.6 0.1 20.3 17 27 U.S. 10.8 18.2 0.5 0.0 1.4 18 25 Foreign 5.5 9.3 3.5 0.0 19.9 20 23 Ending Stocks World 16.7 28.1 6.9 0.5 19.9 27 17 U.S. 44.7 75.3 1.4 0.1 4.7 22 22 Foreign 16.0 26.9 5.9 0.3 19.2 28 15 ================================================================================ WASDE - 661 - 37 June 2025 Reliability of United States June 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 15.3 25.8 745 7 4010 23 21 Exports 29.5 49.7 309 38 1150 22 22 Domestic Use 12.6 21.2 418 0 5888 26 17 Ending Stocks 62.4 105.1 580 17 2091 24 20 SORGHUM Production 24.5 41.3 83 0 228 21 22 Exports 56.6 95.4 54 0 195 20 23 Domestic Use 29.8 50.2 55 0 140 20 23 Ending Stocks 64.4 108.4 42 0 191 17 26 BARLEY Production 14.6 24.6 26 1 206 17 27 Exports 76.0 128.0 12 0 92 23 17 Domestic Use 11.4 19.2 27 0 95 20 23 Ending Stocks 22.7 38.2 21 1 79 18 26 OATS Production 23.7 39.9 27 1 231 9 35 Exports 104.6 176.1 1 0 8 13 12 Domestic Use 10.8 18.2 19 0 160 14 28 Ending Stocks 28.9 48.7 15 0 77 14 28 Thousand Short Tons SOYBEAN MEAL Production 5.3 9.0 1219 57 4919 27 17 Exports 16.6 27.9 940 50 2650 27 17 Domestic Use 4.4 7.5 858 24 4650 24 20 Ending Stocks 42.4 71.5 52 0 488 13 17 Million Pounds SOYBEAN OIL Production 5.1 8.5 615 18 2330 31 13 Exports 47.3 79.6 475 0 1800 25 18 Domestic Use 4.1 6.9 486 0 2100 26 17 Ending Stocks 35.7 60.2 435 0 1432 22 21 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 796 41 2727 23 8 Pork 3.2 5.4 523 14 1722 18 13 Broilers 2.2 3.8 630 38 1465 13 18 Turkeys 4.5 7.6 189 2 478 12 19 Million Dozen Eggs 2.4 4.0 143 2 675 19 12 Billion Pounds Milk 1.6 2.6 2.4 0.2 7.0 14 17 ================================================================================