WASDE - 672 - 8 June 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 2856.60 3651.76 499.42 2876.92 774.84 2025/26 (Est.) 3011.38 3786.22 552.43 2975.43 810.79 2026/27 (Proj.) May 2945.53 3749.89 523.69 2972.93 776.96 Jun 2952.37 3763.16 524.91 2982.57 780.59 Wheat 2024/25 799.31 1069.44 210.46 809.91 259.53 2025/26 (Est.) 844.36 1103.88 226.70 823.94 279.95 2026/27 (Proj.) May 819.06 1098.27 211.70 823.23 275.04 Jun 820.06 1100.01 211.95 824.59 275.42 Coarse Grains 5/ 2024/25 1515.26 1860.60 227.44 1536.25 324.36 2025/26 (Est.) 1622.29 1946.64 265.36 1611.96 334.69 2026/27 (Proj.) May 1588.65 1917.49 248.98 1608.31 309.18 Jun 1594.49 1929.17 249.95 1616.80 312.37 Rice, milled 2024/25 542.03 721.71 61.51 530.76 190.95 2025/26 (Est.) 544.74 735.70 60.38 539.53 196.16 2026/27 (Proj.) May 537.82 734.12 63.01 541.39 192.74 Jun 537.82 733.98 63.01 541.18 192.81 United States Total Grains 4/ 2024/25 452.42 528.32 100.66 360.32 67.34 2025/26 (Est.) 508.41 582.78 117.76 380.63 84.40 2026/27 (Proj.) May 467.99 559.85 109.05 376.29 74.50 Jun 467.51 559.42 109.05 376.29 74.08 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.) May 42.49 71.74 21.09 29.91 20.74 Jun 42.01 71.25 21.09 29.91 20.25 Coarse Grains 5/ 2024/25 391.51 441.58 75.31 323.90 42.37 2025/26 (Est.) 447.83 492.46 90.45 344.79 57.22 2026/27 (Proj.) May 419.94 479.37 85.45 341.49 52.43 Jun 419.94 479.41 85.45 341.50 52.47 Rice, milled 2024/25 7.05 9.88 2.87 5.30 1.71 2025/26 (Est.) 6.56 9.65 2.54 5.37 1.74 2026/27 (Proj.) May 5.56 8.74 2.51 4.89 1.34 Jun 5.56 8.76 2.51 4.89 1.36 ================================================================================ WASDE - 672 - 9 June 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 2404.18 3123.43 398.76 2516.60 707.50 2025/26 (Est.) 2502.98 3203.44 434.67 2594.80 726.40 2026/27 (Proj.) May 2477.54 3190.04 414.64 2596.63 702.46 Jun 2484.86 3203.74 415.86 2606.27 706.52 Wheat 2024/25 745.46 992.58 187.99 778.79 236.27 2025/26 (Est.) 790.35 1023.21 201.93 793.47 254.51 2026/27 (Proj.) May 776.57 1026.54 190.61 793.32 254.31 Jun 778.06 1028.76 190.86 794.68 255.17 Coarse Grains 5/ 2024/25 1123.75 1419.02 152.14 1212.34 281.99 2025/26 (Est.) 1174.45 1454.18 174.91 1267.16 277.46 2026/27 (Proj.) May 1168.71 1438.12 163.53 1266.82 256.76 Jun 1174.55 1449.76 164.50 1275.31 259.90 Rice, milled 2024/25 534.98 711.83 58.64 525.46 189.24 2025/26 (Est.) 538.18 726.05 57.84 534.17 194.43 2026/27 (Proj.) May 532.26 725.38 60.50 536.50 191.39 Jun 532.26 725.23 60.50 536.29 191.45 ================================================================================ 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.) 122.66 197.17 44.38 120.11 76.63 2026/27 (Proj.) May 116.04 193.31 43.34 121.69 71.84 Jun 116.04 192.67 43.32 121.76 71.13 United States 2024/25 14.41 17.56 11.90 1.70 4.00 2025/26 (Est.) 13.90 17.90 12.20 1.55 4.20 2026/27 (Proj.) May 13.30 17.71 12.30 1.60 3.90 Jun 13.30 17.51 12.30 1.60 3.70 Foreign 4/ 2024/25 104.93 175.23 30.53 117.41 70.52 2025/26 (Est.) 108.76 179.27 32.18 118.56 72.43 2026/27 (Proj.) May 102.74 175.60 31.04 120.09 67.94 Jun 102.74 175.17 31.02 120.16 67.43 ================================================================================ WASDE - 672 - 10 June 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 2024/25 686.71 822.84 213.06 568.91 144.43 2025/26 (Est.) 700.65 845.08 214.70 587.46 146.57 2026/27 (Proj.) May 718.10 864.10 217.01 606.62 146.73 Jun 718.18 864.69 217.03 606.74 146.99 Oilmeals 2024/25 392.49 411.44 114.34 382.21 22.51 2025/26 (Est.) 405.27 427.78 116.43 399.66 24.02 2026/27 (Proj.) May 412.68 436.19 119.01 405.41 24.93 Jun 412.52 436.27 118.91 405.59 25.04 Vegetable Oils 2024/25 230.72 261.48 88.48 224.00 30.07 2025/26 (Est.) 237.76 267.83 88.65 231.00 30.18 2026/27 (Proj.) May 244.07 274.07 91.59 237.56 30.33 Jun 244.13 274.31 91.80 237.59 30.41 United States Oilseeds 2024/25 128.60 140.69 52.29 70.43 10.23 2025/26 (Est.) 126.17 137.59 42.27 76.00 11.24 2026/27 (Proj.) May 130.38 142.81 45.48 78.86 10.34 Jun 130.38 142.82 45.48 78.86 10.34 Oilmeals 2024/25 55.27 60.70 16.78 43.48 0.45 2025/26 (Est.) 59.52 65.16 18.35 46.32 0.50 2026/27 (Proj.) May 61.11 66.79 19.78 46.52 0.49 Jun 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.) 15.34 22.54 0.62 20.76 1.16 2026/27 (Proj.) May 16.17 24.78 0.33 23.27 1.18 Jun 16.17 24.77 0.32 23.28 1.17 Foreign 3/ Oilseeds 2024/25 558.11 682.15 160.78 498.48 134.19 2025/26 (Est.) 574.47 707.50 172.43 511.47 135.33 2026/27 (Proj.) May 587.72 721.29 171.53 527.76 136.39 Jun 587.81 721.88 171.55 527.88 136.66 Oilmeals 2024/25 337.22 350.74 97.56 338.73 22.06 2025/26 (Est.) 345.75 362.62 98.08 353.35 23.52 2026/27 (Proj.) May 351.57 369.39 99.22 358.90 24.44 Jun 351.41 369.48 99.12 359.07 24.55 Vegetable Oils 2024/25 216.23 240.04 87.20 204.94 28.97 2025/26 (Est.) 222.42 245.30 88.03 210.24 29.03 2026/27 (Proj.) May 227.90 249.29 91.26 214.28 29.16 Jun 227.96 249.54 91.48 214.32 29.24 ================================================================================ WASDE - 672 - 11 June 2026 U.S. Wheat Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Acres Area Planted 46.3 45.3 43.8* 43.8* Area Harvested 38.6 37.2 32.9* 32.9* Bushels Yield per Harvested Acre 51.2 53.3 47.5* 47.0* Million Bushels Beginning Stocks 696 855 935 935 Production 1979 1985 1561 1543 Imports 149 125 140 140 Supply, Total 2824 2964 2636 2618 Food 969 960 960 960 Seed 61 60 59 59 Feed and Residual 113 100 80 80 Domestic, Total 1143 1120 1099 1099 Exports 826 910 775 775 Use, Total 1969 2030 1874 1874 Ending Stocks 855 935 762 744 Avg.FarmPrice ($/bu) 2/ 5.52 5.05 6.50 6.00 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2025/26 (Est.) Beginning Stocks 402 218 127 80 28 855 Production 804 458 353 283 86 1985 Imports 6 60 4 7 48 125 Supply, Total 3/ 1212 736 484 370 162 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 Jun 453 222 131 91 38 935 May 453 224 131 91 36 935 ================================================================================ WASDE - 672 - 12 June 2026 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Acres FEED GRAINS Area Planted 101.8 110.1 106.2* 106.2* Area Harvested 91.4 100.0 95.4* 95.4* Metric Tons Yield per Harvested Acre 4.28 4.48 4.40 4.40 Million Metric Tons Beginning Stocks 47.9 42.3 57.2 57.2 Production 391.1 447.5 419.7 419.7 Imports 2.0 2.1 2.1 2.1 Supply, Total 441.0 492.0 478.9 478.9 Feed and Residual 144.0 161.7 158.2 158.2 Food, Seed & Industrial 179.3 182.6 182.8 182.8 Domestic, Total 323.3 344.3 341.0 341.0 Exports 75.3 90.4 85.4 85.4 Use, Total 398.6 434.8 426.5 426.5 Ending Stocks 42.3 57.2 52.4 52.4 Million Acres CORN Area Planted 90.9 98.8 95.3* 95.3* Area Harvested 83.0 91.3 87.4* 87.4* Bushels Yield per Harvested Acre 179.3 186.5 183.0* 183.0* Million Bushels Beginning Stocks 1763 1551 2142 2145 Production 14892 17021 15995 15995 Imports 22 28 25 25 Supply, Total 16677 18600 18162 18165 Feed and Residual 5454 6200 6100 6100 Food,Seed& Industrial 2/ 6814 6930 6955 6955 Ethanol & by-products 3/ 5436 5575 5600 5600 Domestic, Total 12267 13130 13055 13055 Exports 2858 3325 3150 3150 Use, Total 15126 16455 16205 16205 Ending Stocks 1551 2145 1957 1960 Avg.FarmPrice ($/bu) 4/ 4.24 4.15 4.40 4.40 ================================================================================ WASDE - 672 - 13 June 2026 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 6.6 6.1* 6.1* AreaHarvested(mil.acres) 5.6 6.0 5.3* 5.3* Yield (bushels/acre) 61.3 72.6 69.2* 69.2* Beginning Stocks 33 40 37 37 Production 344 437 367 367 Imports 0 0 0 0 Supply, Total 377 477 404 404 Feed and Residual 140 100 70 70 Food, Seed & Industrial 98 115 95 95 Total Domestic 239 215 165 165 Exports 98 225 205 205 Use, Total 336 440 370 370 Ending Stocks 40 37 34 34 Avg.FarmPrice ($/bu) 2/ 4.07 3.55 4.10 4.10 BARLEY AreaPlanted (mil. acres) 2.4 2.3 2.4* 2.4* AreaHarvested(mil.acres) 1.9 1.8 1.9* 1.9* Yield (bushels/acre) 76.6 80.0 78.4* 78.4* Beginning Stocks 78 69 63 62 Production 144 141 149 149 Imports 9 7 8 8 Supply, Total 232 217 220 219 Feed and Residual 36 30 30 30 Food, Seed & Industrial 118 115 115 115 Total Domestic 154 145 145 145 Exports 9 10 9 9 Use, Total 162 155 154 154 Ending Stocks 69 62 66 65 Avg.FarmPrice ($/bu) 2/ 6.31 5.45 5.60 5.60 OATS AreaPlanted (mil. acres) 2.2 2.4 2.4* 2.4* AreaHarvested(mil.acres) 0.9 0.9 0.8* 0.8* Yield (bushels/acre) 76.4 73.8 68.8* 68.8* Beginning Stocks 36 28 30 29 Production 68 70 55 55 Imports 71 72 72 72 Supply, Total 176 170 157 156 Feed and Residual 64 55 45 45 Food, Seed & Industrial 81 82 83 83 Total Domestic 145 137 128 128 Exports 2 4 2 2 Use, Total 148 141 130 130 Ending Stocks 28 29 27 26 Avg.FarmPrice ($/bu) 2/ 3.35 3.25 3.35 3.35 ================================================================================ WASDE - 672 - 14 June 2026 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Acres TOTAL RICE Area Planted 2.92 2.81 2.32* 2.32* Area Harvested 2.87 2.74 2.27* 2.27* Pounds Yield per Harvested Acre 7753 7544 7732* 7732* Million Hundredweight Beginning Stocks 2/ 39.8 53.9 54.3 54.8 Production 222.6 206.7 175.2 175.2 Imports 49.3 43.2 45.8 45.8 Supply, Total 311.7 303.8 275.3 275.8 Domestic & Residual 3/ 167.3 169.0 154.0 154.0 Exports, Total 4/ 90.5 80.0 79.0 79.0 Rough 28.9 19.0 19.0 19.0 Milled (rough equiv.) 61.7 61.0 60.0 60.0 Use, Total 257.8 249.0 233.0 233.0 Ending Stocks 53.9 54.8 42.3 42.8 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 15.10 12.50 13.50 13.50 LONG GRAIN RICE Harvested Acres (mil.) 2.26 2.08 Yield (pounds/acre) 7626 7359 Beginning Stocks 19.3 37.3 39.6 40.6 Imports 42.7 37.0 39.0 39.0 Production 172.0 153.3 122.5 122.5 Supply, Total 7/ 234.0 227.6 201.1 202.1 Domestic & Residual 3/ 135.8 137.0 123.0 123.0 Exports 8/ 60.8 50.0 50.0 50.0 Use, Total 196.6 187.0 173.0 173.0 Ending Stocks 37.3 40.6 28.1 29.1 Avg.FarmPrice($/cwt) 6/ 14.00 10.40 12.00 12.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.62 0.66 Yield (pounds/acre) 8219 8130 Beginning Stocks 18.9 13.7 11.9 11.4 Imports 6.6 6.2 6.8 6.8 Production 50.6 53.4 52.7 52.7 Supply, Total 7/ 74.9 73.4 71.4 70.9 Domestic & Residual 3/ 31.5 32.0 31.0 31.0 Exports 8/ 29.7 30.0 29.0 29.0 Use, Total 61.2 62.0 60.0 60.0 Ending Stocks 13.7 11.4 11.4 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.60 17.90 17.90 California 10/ 18.70 20.30 20.00 20.00 Other States 1/ 15.00 14.90 13.50 13.50 ================================================================================ WASDE - 672 - 15 June 2026 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Acres SOYBEANS Area Planted 87.3 81.2 84.7* 84.7* Area Harvested 86.2 80.4 83.7* 83.7* Bushels Yield per Harvested Acre 50.7 53.0 53.0* 53.0* Million Bushels Beginning Stocks 342 325 340 340 Production 4374 4262 4435 4435 Imports 29 25 25 25 Supply, Total 4746 4612 4800 4800 Crushings 2445 2650 2750 2750 Exports 1882 1510 1630 1630 Seed 70 73 72 72 Residual 23 39 38 38 Use, Total 4421 4272 4490 4490 Ending Stocks 325 340 310 310 Avg.FarmPrice ($/bu) 2/ 10.00 10.40 11.40 11.40 Million Pounds SOYBEAN OIL Beginning Stocks 1551 1747 1857 1837 Production 4/ 29218 30855 32590 32590 Imports 362 315 600 600 Supply, Total 31131 32917 35047 35027 Domestic Disappearance 26891 30030 32750 32750 Biofuel 3/ 11758 14550 17800 17800 Food, Feed & other Industrial 15133 15480 14950 14950 Exports 2492 1050 400 400 Use, Total 29384 31080 33150 33150 Ending stocks 1747 1837 1897 1877 Avg. Price (c/lb) 2/ 47.59 64.00 70.00 70.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 453 398 450 450 Production 4/ 58443 63052 65025 65025 Imports 807 825 800 800 Supply, Total 59704 64275 66275 66275 Domestic Disappearance 41041 43825 44125 44125 Exports 18265 20000 21700 21700 Use, Total 59305 63825 65825 65825 Ending Stocks 398 450 450 450 Avg. Price ($/s.t.) 2/ 299.77 315.00 310.00 310.00 ================================================================================ WASDE - 672 - 16 June 2026 U.S. Sugar Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2220 2490 1992 1851 Production 2/ 9397 9223 8810 9063 Beet Sugar 5370 5009 4722 4939 Cane Sugar 4027 4214 4088 4125 Florida 1932 1983 1942 1979 Louisiana 2095 2232 2146 2146 Texas 0 0 0 0 Imports 3393 2653 3260 3260 TRQ 3/ 1534 1316 1422 1422 Other Program 4/ 373 300 300 300 Non-program 1485 1037 1538 1538 Mexico 504 220 1046 1046 High-tier tariff/other 980 817 492 492 Total Supply 15009 14366 14062 14174 Exports 111 25 25 25 Deliveries 12450 12490 12364 12490 Food 12340 12385 12259 12385 Other 5/ 111 105 105 105 Miscellaneous -41 0 0 0 Total Use 12520 12515 12389 12515 Ending Stocks 2490 1851 1673 1660 Stocks to Use Ratio 19.9 14.8 13.5 13.3 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2025/26 Est. May 1123 5179 52 4297 989 1068 Jun 1123 5236 52 4297 938 1176 2026/27 Proj. May 1068 5142 28 4226 895 1117 Jun 1176 5283 28 4226 1198 1063 ================================================================================ WASDE - 672 - 17 June 2026 U.S. Cotton Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item May Jun ================================================================================ Million Acres Planted 11.18 9.28 9.64* 9.64* Harvested 7.76 7.83 7.38* 7.38* Pounds Yield per Harvested Acre 892 852 866* 866* Million 480 Pound Bales Beginning Stocks 3.15 4.00 4.40 4.20 Production 14.41 13.90 13.30 13.30 Imports 0.00 0.01 0.01 0.01 Supply, Total 17.56 17.90 17.71 17.51 Domestic Use 1.70 1.55 1.60 1.60 Exports, Total 11.90 12.20 12.30 12.30 Use, Total 13.60 13.75 13.90 13.90 Unaccounted 2/ -0.04 -0.05 -0.10 -0.10 Ending Stocks 4.00 4.20 3.90 3.70 Avg. Farm Price 3/ 63.2 63.0 73.0 73.0 ================================================================================ WASDE - 672 - 18 June 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/ 270.14 799.31 201.18 157.38 809.91 210.46 259.53 World Less China 135.61 659.21 197.01 124.38 659.91 209.45 131.75 United States 18.95 53.85 4.05 3.07 31.12 22.48 23.26 Total Foreign 251.18 745.46 197.13 154.31 778.79 187.99 236.27 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/ 177.55 211.37 121.07 51.60 327.10 16.27 166.61 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 40.38 0.68 12.61 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/ 259.53 844.36 220.93 168.41 823.94 226.70 279.95 World Less China 131.75 704.29 214.93 135.41 673.94 225.70 157.10 United States 23.26 54.01 3.40 2.72 30.47 24.77 25.44 Total Foreign 236.27 790.35 217.53 165.69 793.47 201.93 254.51 Major Exporters 4/ 33.35 363.37 8.24 83.10 191.85 166.50 46.61 Argentina 2.60 27.92 0.01 0.80 7.90 18.50 4.13 Australia 3.99 35.99 0.23 6.00 9.60 25.00 5.61 Canada 4.18 39.96 0.60 3.50 8.85 30.00 5.88 European Union 5/ 11.27 145.11 7.00 51.00 115.50 31.00 16.88 Russia 10.59 90.30 0.30 18.00 41.20 48.00 11.99 Ukraine 0.73 24.10 0.10 3.80 8.80 14.00 2.13 Major Importers 6/ 166.61 205.53 140.00 53.27 332.84 15.25 164.06 Bangladesh 0.78 1.05 7.80 0.30 8.00 0.00 1.63 Brazil 2.69 7.87 6.45 0.75 12.45 1.85 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 35.90 1.65 47.85 2.16 13.70 Nigeria 0.60 0.13 5.70 0.00 5.80 0.40 0.23 Sel. Mideast 8/ 12.61 19.35 21.55 2.89 40.86 0.83 11.83 Southeast Asia 9/ 4.03 0.00 33.85 11.25 31.45 1.42 5.01 Selected Other India 11.80 117.95 0.13 6.00 107.64 0.24 22.00 Kazakhstan 3.33 19.33 0.98 4.00 9.15 11.50 2.98 United Kingdom 2.69 12.30 3.50 7.50 15.30 0.50 2.69 ================================================================================ WASDE - 672 - 19 June 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/ May 279.21 819.06 207.31 160.92 823.23 211.70 275.04 Jun 279.95 820.06 207.29 162.21 824.59 211.95 275.42 World Less China May 156.37 678.06 201.31 129.92 675.23 210.70 154.20 Jun 157.10 679.06 201.29 131.21 676.59 210.95 154.58 United States May 25.44 42.49 3.81 2.18 29.91 21.09 20.74 Jun 25.44 42.01 3.81 2.18 29.91 21.09 20.25 Total Foreign May 253.78 776.57 203.50 158.75 793.32 190.61 254.31 Jun 254.51 778.06 203.48 160.04 794.68 190.86 255.17 Major Exporters 4/ May 49.13 331.00 7.75 78.95 188.10 156.50 43.27 Jun 46.61 331.50 7.75 79.95 189.10 156.50 40.26 Argentina May 4.13 21.00 0.01 0.25 7.45 14.50 3.19 Jun 4.13 21.00 0.01 0.25 7.45 14.50 3.19 Australia May 5.12 30.00 0.24 5.00 8.65 23.00 3.71 Jun 5.61 28.00 0.24 5.00 8.65 22.00 3.19 Canada May 5.88 35.00 0.60 3.50 8.85 28.00 4.63 Jun 5.88 35.00 0.60 3.50 8.85 28.00 4.63 European Union 5/ May 16.88 136.00 6.50 49.00 113.75 31.00 14.63 Jun 16.88 136.00 6.50 49.00 113.75 31.00 14.63 Russia May 13.49 86.00 0.30 17.00 40.20 47.00 12.59 Jun 11.99 88.00 0.30 18.00 41.20 47.00 12.09 Ukraine May 3.63 23.00 0.10 4.20 9.20 13.00 4.53 Jun 2.13 23.50 0.10 4.20 9.20 14.00 2.53 Major Importers 6/ May 161.12 219.60 129.73 50.93 333.60 15.20 161.65 Jun 164.06 220.90 129.53 51.43 333.85 15.20 165.44 Bangladesh May 1.63 1.05 7.70 0.31 8.71 0.00 1.67 Jun 1.63 1.05 7.70 0.31 8.71 0.00 1.67 Brazil May 2.71 6.70 7.20 0.80 12.50 2.00 2.11 Jun 2.71 6.70 7.20 0.80 12.50 2.00 2.11 China May 122.85 141.00 6.00 31.00 148.00 1.00 120.85 Jun 122.85 141.00 6.00 31.00 148.00 1.00 120.85 Japan May 1.22 1.13 5.55 0.75 6.35 0.34 1.21 Jun 1.22 1.13 5.55 0.75 6.35 0.34 1.21 N. Africa 7/ May 11.16 23.10 29.00 1.68 48.68 2.45 12.14 Jun 13.70 23.10 29.60 1.98 49.18 2.45 14.78 Nigeria May 0.33 0.14 6.50 0.00 6.10 0.40 0.47 Jun 0.23 0.14 6.20 0.00 5.80 0.40 0.37 Sel. Mideast 8/ May 11.63 23.24 19.58 2.95 41.42 0.68 12.35 Jun 11.83 23.24 19.58 2.95 41.57 0.68 12.40 Southeast Asia 9/ May 5.19 0.00 31.60 10.25 30.75 1.44 4.60 Jun 5.01 0.00 31.60 10.25 30.75 1.44 4.42 India May 22.00 121.00 0.10 7.50 111.10 2.00 30.00 Jun 22.00 121.00 0.10 7.50 111.10 2.00 30.00 Kazakhstan May 2.80 15.00 0.70 2.50 7.68 9.00 1.83 Jun 2.98 15.00 0.70 2.50 7.68 9.00 2.00 United Kingdom May 2.69 13.50 2.50 7.50 15.50 0.60 2.59 Jun 2.69 13.50 2.50 7.50 15.50 0.60 2.59 ================================================================================ WASDE - 672 - 20 June 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/ 345.34 1515.26 225.87 942.90 1536.25 227.44 324.36 World Less China 131.88 1211.79 207.63 693.15 1194.17 227.44 131.27 United States 47.87 391.51 2.19 144.12 323.90 75.31 42.37 Total Foreign 297.47 1123.75 223.68 798.78 1212.34 152.14 281.99 Major Exporters 4/ 21.41 332.34 5.07 140.59 203.90 125.39 29.53 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 42.14 12.44 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/ 324.36 1622.29 243.39 987.39 1611.96 265.36 334.69 World Less China 131.27 1312.10 217.19 729.36 1261.61 265.33 155.58 United States 42.37 447.83 2.27 161.71 344.79 90.45 57.22 Total Foreign 281.99 1174.45 241.12 825.68 1267.17 174.91 277.46 Major Exporters 4/ 29.53 360.32 5.02 144.03 213.84 147.13 33.90 Argentina 5.99 69.76 0.01 15.84 22.23 48.10 5.43 Australia 1.48 21.25 0.00 5.14 7.01 13.68 2.04 Brazil 12.44 145.10 2.75 70.53 104.26 43.09 12.95 Canada 3.48 29.41 2.04 15.73 24.06 6.91 3.95 Russia 1.41 39.35 0.10 22.13 30.70 8.53 1.63 Ukraine 1.35 37.22 0.02 7.22 10.38 23.70 4.51 Major Importers 5/ 34.98 234.18 164.50 295.52 384.57 12.26 36.84 European Union 6/ 13.51 143.48 19.77 111.83 151.19 10.75 14.82 Japan 1.52 0.25 16.86 13.40 17.11 0.00 1.51 Mexico 6.11 29.09 28.16 33.72 56.90 0.03 6.43 N. Afr & Mideast 7/ 6.96 29.73 50.77 70.26 79.15 0.92 7.40 Saudi Arabia 1.41 0.27 9.67 9.63 9.97 0.00 1.39 Southeast Asia 8/ 2.87 31.10 22.93 42.63 53.58 0.56 2.75 South Korea 2.15 0.16 11.61 9.44 11.78 0.00 2.14 Selected Other China 193.09 310.19 26.20 258.03 350.35 0.03 179.10 ================================================================================ WASDE - 672 - 21 June 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/ May 328.84 1588.65 238.57 994.99 1608.31 248.98 309.18 Jun 334.69 1594.49 239.73 998.37 1616.80 249.95 312.37 World Less China May 149.74 1272.70 213.92 734.47 1255.46 248.96 142.35 Jun 155.58 1278.54 215.03 737.82 1263.93 249.93 145.52 United States May 57.18 419.94 2.25 158.26 341.49 85.45 52.43 Jun 57.22 419.94 2.25 158.26 341.50 85.45 52.47 Total Foreign May 271.67 1168.71 236.32 836.73 1266.82 163.53 256.76 Jun 277.46 1174.55 237.48 840.10 1275.31 164.50 259.90 Major Exporters 4/ May 31.93 349.00 5.27 146.83 216.69 138.85 30.67 Jun 33.90 349.60 5.27 147.03 218.09 139.45 31.24 Argentina May 4.53 64.22 0.01 14.83 21.17 43.40 4.18 Jun 5.43 64.22 0.01 15.03 21.57 43.40 4.68 Australia May 2.04 18.05 0.00 5.80 7.68 10.18 2.23 Jun 2.04 18.45 0.00 6.00 7.88 10.28 2.33 Brazil May 12.22 147.21 2.90 72.25 106.08 44.11 12.14 Jun 12.95 147.21 2.90 72.25 107.08 44.11 11.87 Canada May 4.05 27.54 2.14 15.89 24.07 5.98 3.69 Jun 3.95 27.54 2.14 15.89 24.07 5.98 3.59 Russia May 2.23 38.87 0.10 22.80 31.22 7.98 2.01 Jun 1.63 38.87 0.10 22.60 31.02 7.98 1.61 Ukraine May 3.91 36.08 0.01 7.73 11.09 25.19 3.72 Jun 4.51 36.28 0.01 7.73 11.09 25.49 4.22 Major Importers 5/ May 37.39 237.48 162.39 299.39 389.51 11.01 36.74 Jun 36.84 238.13 163.39 300.79 390.96 10.81 36.59 European Union 6/ May 15.42 139.16 20.45 110.94 150.41 9.76 14.86 Jun 14.82 139.16 20.45 110.64 150.11 9.56 14.76 Japan May 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Jun 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Mexico May 6.63 29.35 28.00 34.85 58.58 0.02 5.37 Jun 6.43 29.35 28.70 35.55 59.18 0.02 5.27 N. Afr & Mideast 7/ May 7.15 36.93 47.11 72.99 82.09 0.66 8.44 Jun 7.40 37.58 47.21 73.79 83.04 0.66 8.49 Saudi Arabia May 1.39 0.27 9.01 8.96 9.30 0.00 1.36 Jun 1.39 0.27 9.01 8.96 9.30 0.00 1.36 Southeast Asia 8/ May 2.76 31.25 24.83 44.48 55.68 0.57 2.59 Jun 2.75 31.25 25.03 44.68 55.88 0.57 2.59 South Korea May 2.14 0.16 11.61 9.39 11.73 0.00 2.18 Jun 2.14 0.16 11.61 9.39 11.73 0.00 2.18 China May 179.10 315.95 24.65 260.53 352.85 0.03 166.83 Jun 179.10 315.95 24.70 260.55 352.88 0.03 166.85 ================================================================================ WASDE - 672 - 22 June 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/ 313.88 1233.20 186.14 783.99 1251.11 187.13 295.98 World Less China 102.69 938.29 184.32 549.99 935.11 187.13 104.05 United States 44.79 378.27 0.55 138.53 311.60 72.60 39.40 Total Foreign 269.09 854.93 185.59 645.46 939.50 114.53 256.57 Major Exporters 4/ 11.77 243.07 1.94 97.96 139.06 96.14 21.58 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 42.01 11.60 Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91 South Africa 0.65 17.27 0.11 6.16 13.06 2.05 2.93 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/ 295.98 1326.67 197.59 823.33 1319.29 217.00 303.36 World Less China 104.05 1025.43 191.59 584.33 998.29 216.98 125.21 United States 39.40 432.34 0.71 157.49 333.52 84.46 54.48 Total Foreign 256.57 894.33 196.88 665.84 985.77 132.54 248.88 Major Exporters 4/ 21.58 262.40 1.77 100.80 147.20 114.90 23.65 Argentina 5.30 61.00 0.01 14.00 18.60 43.00 4.71 Brazil 11.60 138.00 1.70 64.00 96.00 43.00 12.30 Russia 0.91 14.80 0.05 10.00 11.10 3.80 0.86 South Africa 2.93 17.70 0.00 7.30 14.50 3.10 3.03 Ukraine 0.84 30.90 0.01 5.50 7.00 22.00 2.75 Major Importers 5/ 19.91 119.76 112.50 168.65 230.05 2.49 19.63 Egypt 1.69 6.70 13.00 16.70 19.40 0.00 1.99 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 25.00 27.00 29.80 51.60 0.03 5.90 Southeast Asia 7/ 2.86 31.05 22.35 42.25 52.95 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 2.10 1.75 China 191.93 301.24 6.00 239.00 321.00 0.02 178.15 ================================================================================ WASDE - 672 - 23 June 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/ May 296.95 1295.38 198.59 829.26 1314.79 206.91 277.54 Jun 303.36 1300.38 199.63 832.56 1322.52 207.61 281.22 World Less China May 118.80 988.38 192.59 586.26 989.79 206.89 111.42 Jun 125.21 993.38 193.63 589.56 997.52 207.59 115.09 United States May 54.41 406.29 0.64 154.95 331.61 80.01 49.71 Jun 54.48 406.29 0.64 154.95 331.61 80.01 49.78 Total Foreign May 242.55 889.09 197.95 674.31 983.18 126.90 227.84 Jun 248.88 894.09 199.00 677.61 990.91 127.60 231.44 Major Exporters 4/ May 21.78 256.30 1.87 101.50 148.20 111.00 20.74 Jun 23.65 256.30 1.87 101.50 149.40 111.20 21.21 Argentina May 3.81 55.00 0.01 12.80 17.30 38.00 3.51 Jun 4.71 55.00 0.01 13.00 17.70 38.00 4.01 Brazil May 11.58 139.00 1.80 65.00 97.00 44.00 11.38 Jun 12.30 139.00 1.80 65.00 98.00 44.00 11.10 Russia May 1.06 15.80 0.05 10.80 12.00 4.00 0.91 Jun 0.86 15.80 0.05 10.60 11.80 4.00 0.91 South Africa May 2.59 16.50 0.00 7.40 14.70 2.00 2.39 Jun 3.03 16.50 0.00 7.40 14.70 2.20 2.63 Ukraine May 2.75 30.00 0.01 5.50 7.20 23.00 2.56 Jun 2.75 30.00 0.01 5.50 7.20 23.00 2.56 Major Importers 5/ May 19.64 120.52 115.20 171.95 234.00 2.49 18.87 Jun 19.63 120.52 116.50 173.45 235.40 2.49 18.77 Egypt May 1.79 7.00 12.80 16.80 19.50 0.00 2.09 Jun 1.99 7.00 13.20 17.40 20.10 0.00 2.09 European Union 6/ May 5.08 57.50 19.50 54.40 74.80 1.90 5.38 Jun 5.08 57.50 19.50 54.40 74.80 1.90 5.38 Japan May 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Jun 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Mexico May 6.10 24.60 27.00 30.50 52.80 0.02 4.88 Jun 5.90 24.60 27.70 31.20 53.40 0.02 4.78 Southeast Asia 7/ May 2.75 31.20 24.35 44.20 55.15 0.57 2.58 Jun 2.75 31.20 24.55 44.40 55.35 0.57 2.58 South Korea May 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Jun 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Canada May 1.65 14.50 2.00 8.80 14.70 1.90 1.55 Jun 1.75 14.50 2.00 8.80 14.70 1.90 1.65 China May 178.15 307.00 6.00 243.00 325.00 0.02 166.13 Jun 178.15 307.00 6.00 243.00 325.00 0.02 166.13 ================================================================================ WASDE - 672 - 24 June 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/ 179.68 542.03 57.98 530.76 61.51 190.95 World Less China 76.68 396.76 55.65 385.80 60.36 86.45 United States 1.27 7.05 1.57 5.30 2.87 1.71 Total Foreign 178.41 534.98 56.42 525.46 58.64 189.24 Major Exporters 4/ 49.81 219.50 3.60 170.16 46.45 56.30 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 4.20 5.13 1.81 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 1.43 1.93 3.22 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/ 190.95 544.74 57.07 539.53 60.38 196.16 World Less China 86.45 398.41 53.57 392.10 58.48 91.16 United States 1.71 6.56 1.37 5.37 2.54 1.74 Total Foreign 189.24 538.18 55.70 534.17 57.84 194.43 Major Exporters 4/ 56.30 222.32 3.78 174.32 45.40 62.68 Burma 0.95 12.00 0.01 9.30 2.60 1.05 India 48.00 154.02 0.00 125.52 23.50 53.00 Pakistan 1.81 9.40 0.02 4.40 4.40 2.43 Thailand 2.75 20.70 0.05 12.70 7.00 3.80 Vietnam 2.80 26.20 3.70 22.40 7.90 2.40 Major Importers 5/ 121.50 241.56 21.40 261.60 2.35 120.51 China 104.50 146.33 3.50 147.43 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 4.68 7.13 0.00 1.98 Selected Other Brazil 1.19 7.60 0.93 7.35 1.40 0.96 C. Amer & Carib 8/ 0.59 1.35 1.94 3.24 0.09 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 - 672 - 25 June 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/ May 196.31 537.82 59.77 541.39 63.01 192.74 Jun 196.16 537.82 59.70 541.18 63.01 192.81 World Less China May 91.31 390.82 56.47 396.29 60.81 84.74 Jun 91.16 390.82 56.40 396.08 60.81 84.81 United States May 1.72 5.56 1.45 4.89 2.51 1.34 Jun 1.74 5.56 1.45 4.89 2.51 1.36 Total Foreign May 194.58 532.26 58.31 536.50 60.50 191.39 Jun 194.43 532.26 58.24 536.29 60.50 191.45 Major Exporters 4/ May 62.78 217.00 4.08 176.80 47.60 59.45 Jun 62.68 217.00 4.08 176.70 47.60 59.45 Burma May 1.05 11.00 0.01 9.00 2.10 0.96 Jun 1.05 11.00 0.01 9.00 2.10 0.96 India May 53.00 150.00 0.00 128.00 25.00 50.00 Jun 53.00 150.00 0.00 128.00 25.00 50.00 Pakistan May 2.43 9.60 0.02 4.60 5.00 2.45 Jun 2.43 9.60 0.02 4.60 5.00 2.45 Thailand May 3.80 20.30 0.05 12.80 7.50 3.85 Jun 3.80 20.30 0.05 12.80 7.50 3.85 Vietnam May 2.50 26.10 4.00 22.40 8.00 2.20 Jun 2.40 26.10 4.00 22.30 8.00 2.20 Major Importers 5/ May 120.68 241.78 22.75 260.35 2.65 122.21 Jun 120.51 241.78 22.75 260.25 2.65 122.13 China May 105.00 147.00 3.30 145.10 2.20 108.00 Jun 105.00 147.00 3.30 145.10 2.20 108.00 European Union 6/ May 0.96 1.73 2.35 3.70 0.41 0.93 Jun 0.96 1.73 2.35 3.70 0.41 0.93 Indonesia May 4.58 33.60 0.50 35.00 0.00 3.68 Jun 4.58 33.60 0.50 35.00 0.00 3.68 Nigeria May 2.27 5.67 2.90 8.80 0.00 2.04 Jun 2.27 5.67 2.90 8.80 0.00 2.04 Philippines May 2.79 12.40 5.60 17.80 0.00 2.99 Jun 2.79 12.40 5.60 17.80 0.00 2.99 Sel. Mideast 7/ May 2.08 2.23 4.70 7.35 0.00 1.66 Jun 1.98 2.23 4.70 7.25 0.00 1.66 Brazil May 0.96 7.40 0.95 7.30 1.40 0.61 Jun 0.96 7.40 0.95 7.30 1.40 0.61 C. Amer & Carib 8/ May 0.56 1.33 2.06 3.32 0.08 0.56 Jun 0.56 1.33 2.06 3.32 0.08 0.56 Egypt May 0.41 4.20 0.20 4.15 0.20 0.46 Jun 0.41 4.20 0.20 4.15 0.20 0.46 Japan May 1.90 7.38 0.70 8.05 0.08 1.85 Jun 1.90 7.38 0.70 8.05 0.08 1.85 Mexico May 0.12 0.20 0.83 1.02 0.01 0.11 Jun 0.12 0.20 0.83 1.02 0.01 0.11 South Korea May 0.67 3.52 0.41 3.78 0.18 0.65 Jun 0.67 3.52 0.41 3.78 0.18 0.65 ================================================================================ WASDE - 672 - 26 June 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 74.52 122.66 43.76 120.11 44.38 -0.19 76.63 World Less China 39.68 86.86 36.76 79.11 44.30 -0.19 40.07 United States 4.00 13.90 0.01 1.55 12.20 -0.05 4.20 Total Foreign 70.52 108.76 43.75 118.56 32.18 -0.14 72.43 Major Exporters 4/ 25.97 59.79 5.75 36.25 28.76 -0.16 26.66 Central Asia 5/ 2.91 5.73 0.25 4.94 1.54 0.00 2.41 Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.07 0.00 1.23 S. Hemis. 7/ 11.73 25.75 0.15 4.46 21.78 -0.16 11.55 Australia 4.80 4.50 3/ 0.00 5.70 -0.16 3.76 Brazil 3.70 19.50 0.01 3.35 15.00 0.00 4.85 India 9.52 23.80 4.30 25.50 1.00 0.00 11.12 Major Importers 8/ 42.31 46.08 35.22 77.80 2.30 0.02 43.48 Mexico 0.31 0.57 0.65 1.20 0.10 0.02 0.21 China 34.84 35.80 7.00 41.00 0.08 0.00 36.56 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 0.95 0.00 1.08 Pakistan 2.30 5.30 4.50 10.00 0.05 0.00 2.05 Indonesia 0.41 3/ 1.90 1.90 0.02 0.00 0.40 Thailand 0.11 3/ 0.43 0.43 0.00 0.00 0.11 Bangladesh 1.71 0.15 7.40 7.60 0.00 0.00 1.67 Vietnam 1.02 3/ 7.80 7.80 0.00 0.00 1.02 ================================================================================ WASDE - 672 - 27 June 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 May 77.27 116.04 43.37 121.69 43.34 -0.20 71.84 Jun 76.63 116.04 43.34 121.76 43.32 -0.20 71.13 World Less China May 40.60 82.54 36.37 80.69 43.27 -0.20 35.75 Jun 40.07 82.54 36.34 80.26 43.24 -0.20 35.64 United States May 4.40 13.30 0.01 1.60 12.30 -0.10 3.90 Jun 4.20 13.30 0.01 1.60 12.30 -0.10 3.70 Total Foreign May 72.87 102.74 43.36 120.09 31.04 -0.10 67.94 Jun 72.43 102.74 43.34 120.16 31.02 -0.10 67.43 Major Exporters 4/ May 26.95 56.69 3.60 36.90 27.87 -0.10 22.57 Jun 26.66 56.69 4.10 36.90 27.85 -0.10 22.81 Central Asia 5/ May 2.46 5.46 0.25 4.94 1.40 0.00 1.84 Jun 2.41 5.46 0.25 4.94 1.37 0.00 1.81 Afr. Fr. Zone 6/ May 1.23 4.17 3/ 0.11 4.11 0.00 1.18 Jun 1.23 4.17 3/ 0.11 4.11 0.00 1.18 S. Hemis. 7/ May 11.90 22.60 0.15 4.51 20.54 -0.10 9.70 Jun 11.55 22.60 0.15 4.51 20.54 -0.10 9.35 Australia May 3.76 3.00 3/ 0.00 4.50 -0.10 2.36 Jun 3.76 3.00 3/ 0.00 4.50 -0.10 2.36 Brazil May 5.15 17.50 0.01 3.40 15.00 0.00 4.26 Jun 4.85 17.50 0.01 3.40 15.00 0.00 3.96 India May 11.02 24.00 2.00 26.00 1.50 0.00 9.52 Jun 11.12 24.00 2.50 26.00 1.50 0.00 10.12 Major Importers 8/ May 43.63 43.11 36.97 78.65 1.97 0.00 43.09 Jun 43.48 43.11 36.44 78.72 1.97 0.00 42.34 Mexico May 0.21 0.65 0.65 1.20 0.10 0.00 0.21 Jun 0.21 0.65 0.65 1.20 0.10 0.00 0.21 China May 36.66 33.50 7.00 41.00 0.08 0.00 36.09 Jun 36.56 33.50 7.00 41.50 0.08 0.00 35.49 European Union 9/ May 0.26 1.20 0.45 0.48 1.12 0.00 0.31 Jun 0.26 1.20 0.45 0.48 1.12 0.00 0.31 Turkey May 1.13 2.50 4.80 6.80 0.60 0.00 1.03 Jun 1.08 2.50 4.80 6.80 0.60 0.00 0.98 Pakistan May 2.05 5.10 5.30 10.40 0.05 0.00 2.00 Jun 2.05 5.10 5.00 10.20 0.05 0.00 1.90 Indonesia May 0.40 3/ 1.90 1.90 0.02 0.00 0.38 Jun 0.40 3/ 1.90 1.90 0.02 0.00 0.38 Thailand May 0.11 3/ 0.45 0.45 0.00 0.00 0.11 Jun 0.11 3/ 0.45 0.45 0.00 0.00 0.11 Bangladesh May 1.77 0.15 7.80 8.00 0.00 0.00 1.72 Jun 1.67 0.15 7.60 7.80 0.00 0.00 1.62 Vietnam May 0.92 3/ 8.00 7.80 0.00 0.00 1.12 Jun 1.02 3/ 8.00 7.80 0.00 0.00 1.22 ================================================================================ WASDE - 672 - 28 June 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/ 115.14 427.93 179.18 359.14 412.18 184.06 126.00 World Less China 71.82 407.28 71.18 255.64 284.78 183.99 81.51 United States 9.32 119.05 0.79 66.55 69.09 51.23 8.84 Total Foreign 105.82 308.88 178.39 292.59 343.09 132.84 117.16 Major Exporters 3/ 54.47 238.05 7.06 105.35 115.35 121.02 63.22 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/ 126.00 429.20 185.01 371.11 427.95 186.75 125.52 World Less China 81.51 408.30 73.01 263.11 295.05 186.63 81.15 United States 8.84 115.99 0.68 72.12 75.16 41.10 9.25 Total Foreign 117.16 313.21 184.33 298.98 352.78 145.65 116.27 Major Exporters 3/ 63.22 244.20 7.98 107.20 118.78 134.30 62.32 Argentina 24.67 50.00 7.05 42.00 48.90 9.00 23.82 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 24.71 146.49 137.79 170.78 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 10.89 5.79 11.22 0.01 1.25 Mexico 0.59 0.31 6.70 6.85 6.95 0.01 0.64 2026/27 Proj. World 2/ May 125.13 441.54 188.02 383.14 440.69 189.22 124.78 Jun 125.52 441.34 188.02 383.09 440.78 189.22 124.88 World Less China May 80.77 420.54 74.02 273.14 305.69 189.12 80.51 Jun 81.15 420.34 74.02 273.09 305.78 189.12 80.61 United States May 9.25 120.70 0.68 74.84 77.83 44.36 8.44 Jun 9.25 120.70 0.68 74.84 77.83 44.36 8.44 Total Foreign May 115.88 320.84 187.34 308.29 362.86 144.86 116.34 Jun 116.27 320.64 187.34 308.24 362.95 144.86 116.44 Major Exporters 3/ May 61.80 250.20 7.33 111.80 123.43 133.75 62.15 Jun 62.32 250.20 7.33 111.75 123.53 133.95 62.37 Argentina May 23.32 50.00 6.50 43.00 49.90 6.00 23.92 Jun 23.82 50.00 6.50 43.00 49.90 6.20 24.22 Brazil May 37.69 186.00 0.80 65.00 69.60 117.50 37.39 Jun 37.69 186.00 0.80 65.00 69.60 117.50 37.39 Paraguay May 0.48 11.10 0.02 3.60 3.73 7.35 0.52 Jun 0.48 11.10 0.02 3.60 3.73 7.35 0.52 Major Importers 4/ May 47.97 24.94 148.66 140.14 173.29 0.38 47.90 Jun 47.97 24.94 148.66 140.14 173.29 0.38 47.90 China May 44.37 21.00 114.00 110.00 135.00 0.10 44.27 Jun 44.37 21.00 114.00 110.00 135.00 0.10 44.27 European Union May 1.55 3.00 13.20 14.50 16.02 0.25 1.48 Jun 1.55 3.00 13.20 14.50 16.02 0.25 1.48 Southeast Asia 5/ May 1.25 0.38 11.56 6.29 11.84 0.02 1.34 Jun 1.25 0.38 11.56 6.29 11.84 0.02 1.34 Mexico May 0.64 0.32 6.75 6.95 7.05 0.01 0.65 Jun 0.64 0.32 6.75 6.95 7.05 0.01 0.65 ================================================================================ WASDE - 672 - 29 June 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 77.69 272.76 83.04 17.95 World Less China 13.52 199.77 77.64 191.91 82.02 17.00 United States 0.41 53.02 0.73 37.23 16.57 0.36 Total Foreign 13.90 228.72 76.96 235.53 66.47 17.59 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/ 17.95 291.31 80.58 286.35 84.33 19.15 World Less China 17.00 205.78 80.43 202.10 83.23 17.87 United States 0.36 57.20 0.75 39.76 18.14 0.41 Total Foreign 17.59 234.11 79.83 246.60 66.19 18.74 Major Exporters 3/ 6.51 87.64 0.31 32.53 54.85 7.08 Argentina 2.74 32.34 0.25 3.60 29.00 2.73 Brazil 3.47 47.48 0.01 21.80 25.00 4.16 India 0.30 7.82 0.05 7.13 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 84.25 1.10 1.28 2026/27 Proj. World 2/ May 18.89 300.41 84.00 295.14 88.23 19.93 Jun 19.15 300.15 84.10 295.21 88.13 20.06 World Less China May 17.61 213.29 83.90 209.29 87.03 18.48 Jun 17.87 213.03 84.00 209.26 87.03 18.61 United States May 0.41 58.99 0.73 40.03 19.69 0.41 Jun 0.41 58.99 0.73 40.03 19.69 0.41 Total Foreign May 18.48 241.42 83.28 255.11 68.55 19.52 Jun 18.74 241.16 83.37 255.18 68.45 19.65 Major Exporters 3/ May 6.82 91.34 0.11 33.75 57.30 7.22 Jun 7.08 91.12 0.23 33.75 57.30 7.38 Argentina May 2.47 33.33 0.00 3.65 29.40 2.75 Jun 2.73 33.11 0.12 3.65 29.40 2.91 Brazil May 4.16 50.01 0.01 23.00 26.90 4.28 Jun 4.16 50.01 0.01 23.00 26.90 4.28 India May 0.19 8.00 0.10 7.10 1.00 0.19 Jun 0.19 8.00 0.10 7.10 1.00 0.19 Major Importers 4/ May 3.35 23.65 46.58 69.22 0.89 3.47 Jun 3.35 23.65 46.58 69.22 0.89 3.47 European Union May 1.47 11.46 20.20 31.04 0.60 1.48 Jun 1.47 11.46 20.20 31.04 0.60 1.48 Mexico May 0.33 5.49 3.00 8.45 0.00 0.37 Jun 0.33 5.49 3.00 8.45 0.00 0.37 Southeast Asia 5/ May 1.43 4.90 21.65 26.20 0.29 1.50 Jun 1.43 4.90 21.65 26.20 0.29 1.50 China May 1.28 87.12 0.10 85.85 1.20 1.45 Jun 1.28 87.12 0.10 85.95 1.10 1.45 ================================================================================ WASDE - 672 - 30 June 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 72.09 12.97 71.17 14.32 6.04 World Less China 5.73 51.11 12.67 50.67 13.62 5.22 United States 0.79 14.00 0.14 13.62 0.48 0.83 Total Foreign 5.68 58.09 12.83 57.55 13.84 5.21 Major Exporters 3/ 1.25 24.42 0.87 15.82 9.50 1.22 Argentina 0.32 8.38 0.12 1.98 6.45 0.39 Brazil 0.21 12.54 0.10 11.05 1.60 0.20 European Union 0.63 2.81 0.65 2.71 0.85 0.54 Major Importers 4/ 2.75 24.43 6.78 30.67 0.90 2.40 China 0.75 20.97 0.30 20.50 0.70 0.82 India 1.58 1.76 4.45 6.59 0.02 1.18 North Africa 5/ 0.33 1.28 1.40 2.45 0.18 0.38 2026/27 Proj. World 2/ May 5.93 74.70 13.08 72.99 14.39 6.32 Jun 6.04 74.69 13.19 73.00 14.49 6.43 World Less China May 5.11 53.34 12.78 52.19 13.69 5.34 Jun 5.22 53.33 12.89 52.20 13.79 5.45 United States May 0.84 14.78 0.27 14.86 0.18 0.86 Jun 0.83 14.78 0.27 14.86 0.18 0.85 Total Foreign May 5.09 59.92 12.81 58.14 14.21 5.46 Jun 5.21 59.91 12.92 58.14 14.31 5.58 Major Exporters 3/ May 1.32 25.28 0.71 16.04 9.65 1.62 Jun 1.22 25.28 0.82 16.04 9.75 1.53 Argentina May 0.39 8.58 0.01 1.99 6.55 0.44 Jun 0.39 8.58 0.12 1.99 6.65 0.45 Brazil May 0.30 13.26 0.10 11.40 1.70 0.56 Jun 0.20 13.26 0.10 11.40 1.70 0.46 European Union May 0.54 2.76 0.60 2.56 0.80 0.54 Jun 0.54 2.76 0.60 2.56 0.80 0.54 Major Importers 4/ May 2.15 25.01 6.75 30.81 0.89 2.22 Jun 2.40 25.01 6.75 30.82 0.89 2.45 China May 0.82 21.36 0.30 20.80 0.70 0.98 Jun 0.82 21.36 0.30 20.80 0.70 0.98 India May 0.92 1.80 4.30 6.18 0.02 0.82 Jun 1.18 1.80 4.30 6.18 0.02 1.09 North Africa 5/ May 0.36 1.41 1.35 2.59 0.18 0.35 Jun 0.38 1.41 1.35 2.61 0.18 0.35 ================================================================================ WASDE - 672 - 31 June 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 6148 7050 13236 12002 1231 13368 26604 2232 58.6 II* 6190 6765 12990 12300 1215 13655 26645 2260 60.2 III* 6445 6770 13253 12675 1290 14105 27358 2300 59.0 IV* 6655 7410 14104 12400 1300 13835 27939 2325 58.6 MayProj. 25547 27985 53685 49146 5055 54751 108436 9120 235.4 JunProj. 25438 27995 53582 49377 5036 54963 108545 9117 236.4 2027 I* 6115 7095 13248 12100 1250 13485 26733 2300 59.0 MayProj. 25310 28255 53719 49600 5140 55295 109014 9330 236.0 JunProj. 25385 28290 53828 49700 5140 55395 109223 9320 237.0 ================================================================================ 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* 255.00 69.00 123.0 175.0 67.0 21.30 III* 252.00 71.00 122.0 150.0 80.0 21.20 IV* 255.00 62.00 121.0 150.0 120.0 21.70 MayProj. 249.66 68.38 121.9 160.0 97.6 21.25 JunProj. 250.16 66.63 121.4 161.2 98.1 20.70 2027 I* 250.00 62.00 120.0 130.0 110.0 21.40 MayProj. 254 67 124 130 110 20.95 JunProj. 254 65 122 130 108 20.90 ================================================================================ WASDE - 672 - 32 June 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. May 577 25616 6109 32301 2361 560 29380 60.0 Jun 577 25506 6109 32191 2341 565 29285 59.8 2027 Proj. May 560 25378 6000 31938 2335 550 29053 59.2 Jun 565 25453 6000 32018 2325 555 29138 59.4 Pork 2025 435 27593 1116 29145 6970 430 21745 49.3 2026 Proj. May 430 28001 1138 29569 7232 435 21902 49.6 Jun 430 28011 1148 29589 7252 425 21912 49.6 2027 Proj. May 435 28271 1175 29881 7330 440 22111 49.9 Jun 425 28306 1185 29916 7330 430 22156 50.0 TotalRed Meat5/ 2025 1058 53833 6959 61850 9554 1024 51273 110.1 2026 Proj. May 1024 53779 7637 62440 9601 1012 51827 110.9 Jun 1024 53676 7647 62347 9601 1007 51739 110.8 2027 Proj. May 1012 53812 7570 62395 9672 1008 51714 110.5 Jun 1007 53921 7580 62509 9662 1003 51843 110.8 Broiler 2025 761 47493 152 48406 6672 786 40948 102.9 2026 Proj. May 786 48620 141 49547 6599 785 42163 105.6 Jun 786 48848 135 49769 6619 775 42375 106.2 2027 Proj. May 785 49069 132 49986 6575 790 42621 106.5 Jun 775 49168 132 50075 6575 790 42710 106.8 Turkey 2025 219 4844 38 5101 425 175 4501 13.2 2026 Proj. May 175 5055 36 5265 429 185 4652 13.6 Jun 175 5036 36 5246 414 185 4648 13.6 2027 Proj. May 185 5140 36 5361 415 190 4756 13.8 Jun 185 5140 36 5361 415 190 4756 13.8 Total Poultry6/ 2025 985 52845 193 54023 7143 973 45907 117.4 2026 Proj. May 973 54225 178 55375 7070 981 47324 120.7 Jun 973 54434 172 55579 7075 971 47532 121.2 2027 Proj. May 982 54764 170 55916 7034 991 47891 121.9 Jun 972 54863 170 56005 7034 991 47980 122.1 RedMeat& Poultry 2025 2043 106679 7152 115873 16697 1997 97180 227.5 2026 Proj. May 1997 108003 7815 117815 16671 1993 99151 231.6 Jun 1997 108110 7819 117926 16676 1978 99272 232.0 2027 Proj. May 1994 108576 7740 118310 16706 1999 99605 232.4 Jun 1979 108784 7750 118513 16696 1994 99823 232.9 ================================================================================ WASDE - 672 - 33 June 2026 U.S. Egg Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity May Jun May Jun ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.1 14.2 17.1 17.1 22.0 22.0 Production 9076.2 8765.0 9119.8 9116.8 9330.0 9320.0 Imports 30.1 121.0 20.6 14.6 12.0 12.0 Total Supply 9129.4 8900.2 9157.6 9148.6 9364.0 9354.0 Use Exports 236.7 203.3 241.6 241.6 300.0 300.0 Hatching Use 1148.2 1267.8 1167.6 1167.6 1180.0 1180.0 Ending Stocks 14.2 17.1 22.0 22.0 22.0 22.0 Disappearance Total 7730.3 7412.0 7726.4 7717.4 7862.0 7852.0 Per Capita (number) 272.8 260.1 270.4 270.1 274.5 274.2 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity May Jun May Jun ================================================================================ Billion Pounds Milk Production 225.9 231.7 235.4 236.4 236.0 237.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 13.8 13.1 12.6 12.6 12.2 12.2 Marketings 224.9 230.7 234.4 235.4 235.0 236.0 Imports 9.1 7.4 7.8 7.8 8.1 8.1 Total Supply 247.8 251.1 254.9 255.9 255.3 256.3 FatBasisUse Exports 11.8 16.7 20.3 20.6 20.5 20.7 Ending Stocks 13.1 12.6 12.2 12.2 11.8 11.8 Domestic Use 222.9 221.7 222.4 223.0 223.1 223.8 Skim-solidBasisSupply BeginningStocks 9.8 9.1 9.2 9.2 9.1 9.2 Marketings 224.9 230.7 234.4 235.4 235.0 236.0 Imports 6.8 6.9 6.7 6.7 6.9 6.8 Total Supply 241.5 246.6 250.3 251.3 251.0 252.1 Skim-solidBasisUse Exports 48.9 48.2 49.3 49.4 49.8 49.3 Ending Stocks 9.1 9.2 9.1 9.2 8.8 8.8 Domestic Use 183.6 189.2 191.9 192.8 192.5 194.0 ================================================================================ WASDE - 672 - 34 June 2026 U.S. Dairy Prices ================================================================================ Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj. ity May Jun May Jun ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.8634 1.7878 1.650 1.610 1.715 1.710 Butter 2.8870 2.2202 1.725 1.740 1.820 1.820 Nonfat Dry Milk 1.2420 1.2348 1.770 1.700 1.575 1.575 Dry Whey 0.4913 0.5956 0.665 0.660 0.640 0.650 Milk Prices 2/ Dollars Per Cwt ClassIII 18.89 18.01 17.00 16.60 17.55 17.55 Class IV 20.75 17.38 19.95 19.35 18.60 18.60 All Milk 3/ 22.55 21.18 21.25 20.70 20.95 20.90 ================================================================================ WASDE - 672 - 35 June 2026 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 3.0 5.0 16.2 0.4 35.3 28 17 U.S. 6.1 10.3 2.7 0.0 8.4 26 19 Foreign 3.1 5.2 15.2 1.1 33.5 27 17 Exports World 5.8 9.8 6.4 0.0 19.2 30 14 U.S. 11.4 19.3 2.6 0.0 10.2 25 19 Foreign 6.3 10.6 5.7 0.6 19.8 32 12 Domestic Use World 2.1 3.6 10.3 0.3 27.7 28 17 U.S. 6.7 11.3 1.7 0.0 6.4 20 25 Foreign 2.2 3.6 10.2 0.6 28.6 30 14 Ending Stocks World 9.8 16.5 12.6 0.6 40.5 28 17 U.S. 17.9 30.1 3.3 0.1 14.9 26 19 Foreign 10.0 16.8 10.8 0.2 36.1 28 16 COARSE GRAINS 2/ Production World 3.5 5.9 27.0 0.6 103.3 24 21 U.S. 12.9 21.7 19.4 0.5 103.8 24 21 Foreign 2.6 4.4 14.6 0.4 45.6 22 22 Exports World 7.4 12.4 7.9 0.3 24.0 31 14 U.S. 28.1 47.3 8.5 0.1 30.8 21 24 Foreign 12.9 21.7 6.9 0.5 19.2 28 16 Domestic Use World 1.9 3.2 15.2 0.3 66.7 21 24 U.S. 5.3 8.9 7.5 0.1 37.0 28 17 Foreign 2.0 3.3 12.4 0.1 38.2 22 22 Ending Stocks World 19.8 33.4 25.4 0.5 170.1 29 16 U.S. 52.6 88.7 15.8 0.1 57.6 25 20 Foreign 16.5 27.7 15.3 0.1 155.2 32 12 RICE, milled Production World 2.3 3.8 6.9 0.3 21.8 29 16 U.S. 7.4 12.5 0.4 0.0 1.1 24 21 Foreign 2.3 3.9 6.8 0.4 21.9 28 16 Exports World 9.4 15.8 2.0 0.1 7.5 31 14 U.S. 12.6 21.1 0.3 0.0 1.0 20 22 Foreign 10.3 17.3 2.0 0.1 7.7 31 13 Domestic Use World 1.8 3.0 4.8 0.0 20.3 28 17 U.S. 8.2 13.9 0.2 0.0 0.6 20 23 Foreign 1.8 3.1 4.8 0.0 20.8 29 15 Ending Stocks World 13.8 23.3 7.8 0.2 26.7 32 13 U.S. 31.6 53.2 0.3 0.0 0.9 24 19 Foreign 14.9 25.1 8.0 0.4 26.4 32 12 ================================================================================ WASDE - 672 - 36 June 2026 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 12.1 0.1 36.2 8 14 U.S. 8.8 14.7 4.9 0.0 16.2 22 23 Foreign NA NA 9.0 0.2 37.0 8 13 Exports World NA NA 5.3 0.1 17.3 12 10 U.S. 15.2 25.5 3.6 0.3 14.0 24 21 Foreign NA NA 4.9 0.0 19.1 14 7 Domestic Use World NA NA 7.3 0.3 17.9 9 13 U.S. 5.8 9.8 1.8 0.0 7.2 26 19 Foreign NA NA 6.7 0.4 17.5 8 13 Ending Stocks World NA NA 7.8 0.1 26.2 9 13 U.S. 64.3 108.3 3.3 0.3 16.6 15 30 Foreign NA NA 6.1 0.3 19.1 10 11 COTTON Production World 5.8 9.7 4.1 0.0 16.4 24 20 U.S. 12.5 21.0 1.6 0.1 5.7 20 25 Foreign 5.8 9.7 3.2 0.2 12.4 25 19 Exports World 10.5 17.6 2.4 0.1 12.4 24 21 U.S. 27.7 46.6 1.4 0.1 4.0 24 21 Foreign 13.2 22.2 1.9 0.1 9.9 22 22 Domestic Use World 5.4 9.0 3.6 0.1 20.3 18 27 U.S. 10.7 18.1 0.5 0.0 1.4 18 26 Foreign 5.5 9.2 3.5 0.0 19.9 21 23 Ending Stocks World 16.5 27.8 6.7 0.5 19.9 28 17 U.S. 44.2 74.4 1.4 0.1 4.7 23 22 Foreign 15.8 26.6 5.8 0.3 19.2 29 15 ================================================================================ WASDE - 672 - 37 June 2026 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 15.2 25.6 755 7 4010 24 21 Exports 29.3 49.3 316 38 1150 23 22 Domestic Use 12.4 20.9 417 0 5888 27 17 Ending Stocks 61.8 104.1 576 17 2091 25 20 SORGHUM Production 24.3 40.9 82 0 228 22 22 Exports 56.0 94.3 54 0 195 20 24 Domestic Use 29.8 50.2 55 0 140 21 23 Ending Stocks 63.6 107.2 41 0 191 17 27 BARLEY Production 14.5 24.3 25 1 206 17 28 Exports 75.4 127.0 12 0 92 24 17 Domestic Use 11.3 19.0 27 0 95 20 23 Ending Stocks 22.6 38.0 21 1 79 18 27 OATS Production 23.9 40.3 27 1 231 10 35 Exports 103.5 174.4 1 0 8 14 12 Domestic Use 10.9 18.4 19 0 160 15 28 Ending Stocks 28.6 48.2 15 0 77 15 28 Thousand Short Tons SOYBEAN MEAL Production 5.3 9.0 1279 57 4919 28 17 Exports 16.4 27.7 959 50 2650 28 17 Domestic Use 4.5 7.5 889 24 4650 25 20 Ending Stocks 42.0 70.7 51 0 488 13 18 Million Pounds SOYBEAN OIL Production 5.1 8.5 630 18 2330 32 13 Exports 47.2 79.4 475 0 1800 25 19 Domestic Use 4.1 7.0 515 0 2100 27 17 Ending Stocks 35.4 59.7 432 0 1432 23 21 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.7 780 41 2727 24 8 Pork 3.2 5.3 519 14 1722 18 14 Broilers 2.2 3.8 643 38 1465 14 18 Turkeys 4.4 7.5 183 2 478 12 20 Million Dozen Eggs 2.3 4.0 140 2 675 19 13 Billion Pounds Milk 1.6 2.8 2.5 0.2 7.2 15 17 ================================================================================