WASDE - 654 - 8 November 2024 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2022/23 2761.07 3560.48 496.88 2770.57 789.92 2023/24 (Est.) 2817.24 3607.15 515.49 2817.29 789.87 2024/25 (Proj.) Oct 2824.63 3613.69 502.52 2841.44 772.26 Nov 2828.25 3618.12 500.47 2848.05 770.06 Wheat 2022/23 789.56 1063.07 221.75 789.48 273.59 2023/24 (Est.) 790.42 1064.01 221.31 797.75 266.25 2024/25 (Proj.) Oct 794.08 1060.26 215.82 802.54 257.72 Nov 794.73 1060.98 214.67 803.41 257.57 Coarse Grains 5/ 2022/23 1454.83 1796.68 220.34 1460.69 335.99 2023/24 (Est.) 1504.63 1840.62 239.34 1496.30 344.32 2024/25 (Proj.) Oct 1500.11 1843.18 230.24 1510.83 332.35 Nov 1499.71 1844.03 228.88 1514.19 329.85 Rice, milled 2022/23 516.69 700.73 54.80 520.39 180.34 2023/24 (Est.) 522.18 702.52 54.85 523.23 179.29 2024/25 (Proj.) Oct 530.44 710.26 56.47 528.07 182.19 Nov 533.81 713.10 56.92 530.46 182.65 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 458.91 520.33 86.80 365.58 67.95 2024/25 (Proj.) Oct 459.04 534.04 90.45 366.48 77.11 Nov 457.91 533.05 90.42 366.92 75.72 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.10 68.36 19.24 30.16 18.95 2024/25 (Proj.) Oct 53.65 75.73 22.45 31.19 22.09 Nov 53.65 75.87 22.45 31.24 22.17 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.88 442.67 64.45 330.48 47.74 2024/25 (Proj.) Oct 398.41 448.60 64.79 330.24 53.57 Nov 397.28 447.47 64.79 330.62 52.06 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.93 9.31 3.12 4.94 1.25 2024/25 (Proj.) Oct 6.98 9.71 3.21 5.05 1.45 Nov 6.98 9.71 3.18 5.05 1.48 ================================================================================ WASDE - 654 - 9 November 2024 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2022/23 2354.64 3089.14 429.04 2420.67 736.32 2023/24 (Est.) 2358.33 3086.82 428.69 2451.70 721.92 2024/25 (Proj.) Oct 2365.59 3079.65 412.08 2474.96 695.14 Nov 2370.34 3085.07 410.05 2481.14 694.34 Wheat 2022/23 744.66 996.51 201.02 759.15 258.09 2023/24 (Est.) 741.32 995.65 202.07 767.59 247.30 2024/25 (Proj.) Oct 740.43 984.52 193.36 771.35 235.62 Nov 741.08 985.11 192.21 772.17 235.40 Coarse Grains 5/ 2022/23 1098.38 1399.51 175.27 1145.72 298.85 2023/24 (Est.) 1101.75 1397.95 174.89 1165.82 296.58 2024/25 (Proj.) Oct 1101.70 1394.57 165.45 1180.59 278.78 Nov 1102.43 1396.56 164.09 1183.56 277.78 Rice, milled 2022/23 511.60 693.12 52.74 515.80 179.38 2023/24 (Est.) 515.25 693.22 51.74 518.29 178.04 2024/25 (Proj.) Oct 523.46 700.55 53.26 523.02 180.74 Nov 526.83 703.40 53.75 525.41 181.16 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2022/23 116.18 187.07 36.65 112.64 75.78 2023/24 (Est.) 113.03 188.81 44.61 113.83 74.59 2024/25 (Proj.) Oct 116.64 191.84 42.47 115.74 76.33 Nov 116.18 190.77 42.18 115.22 75.75 United States 2022/23 14.47 19.07 12.45 2.05 4.65 2023/24 (Est.) 12.07 16.72 11.75 1.85 3.15 2024/25 (Proj.) Oct 14.20 17.36 11.50 1.80 4.10 Nov 14.19 17.35 11.30 1.80 4.30 Foreign 4/ 2022/23 101.71 168.00 24.20 110.59 71.13 2023/24 (Est.) 100.96 172.09 32.86 111.98 71.44 2024/25 (Proj.) Oct 102.44 174.48 30.97 113.94 72.23 Nov 101.99 173.42 30.88 113.42 71.45 ================================================================================ WASDE - 654 - 10 November 2024 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2022/23 637.80 749.95 201.37 525.12 120.27 2023/24 (Est.) 657.84 778.11 204.35 546.10 131.67 2024/25 (Proj.) Oct 687.32 818.67 207.59 557.69 150.85 Nov 682.22 813.89 207.39 556.94 147.67 Oilmeals 2022/23 357.24 377.38 97.65 355.56 17.38 2023/24 (Est.) 372.75 390.13 106.58 365.98 18.89 2024/25 (Proj.) Oct 382.97 401.37 106.19 376.81 20.00 Nov 382.53 401.42 106.07 376.87 20.32 Vegetable Oils 2022/23 216.78 246.86 88.86 210.96 30.62 2023/24 (Est.) 222.76 253.38 86.08 217.92 30.10 2024/25 (Proj.) Oct 227.12 257.41 86.55 223.47 28.80 Nov 227.02 257.12 86.67 223.86 28.33 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.16 132.12 47.35 66.32 10.80 2024/25 (Proj.) Oct 134.40 146.17 51.43 70.26 16.35 Nov 131.15 142.94 50.79 69.83 14.22 Oilmeals 2022/23 49.94 54.60 13.39 40.79 0.41 2023/24 (Est.) 51.49 56.18 14.81 40.88 0.49 2024/25 (Proj.) Oct 54.23 58.96 16.08 42.38 0.50 Nov 53.93 58.77 15.99 42.29 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.63 21.63 0.42 20.19 1.02 2024/25 (Proj.) Oct 14.29 22.59 0.43 20.96 1.20 Nov 14.21 22.45 0.43 20.94 1.07 Foreign 3/ Oilseeds 2022/23 512.05 613.54 146.59 460.96 111.42 2023/24 (Est.) 535.68 645.99 157.00 479.78 120.87 2024/25 (Proj.) Oct 552.92 672.50 156.17 487.44 134.51 Nov 551.07 670.94 156.60 487.10 133.45 Oilmeals 2022/23 307.30 322.78 84.25 314.76 16.97 2023/24 (Est.) 321.26 333.95 91.77 325.09 18.40 2024/25 (Proj.) Oct 328.74 342.41 90.11 334.43 19.51 Nov 328.60 342.65 90.08 334.58 19.83 Vegetable Oils 2022/23 203.60 226.12 88.52 191.69 29.48 2023/24 (Est.) 209.13 231.75 85.66 197.73 29.08 2024/25 (Proj.) Oct 212.82 234.82 86.12 202.52 27.60 Nov 212.81 234.67 86.24 202.91 27.26 ================================================================================ WASDE - 654 - 11 November 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Acres Area Planted 45.8 49.6 46.1 46.1 Area Harvested 35.5 37.1 38.5 38.5 Bushels Yield per Harvested Acre 46.5 48.7 51.2 51.2 Million Bushels Beginning Stocks 674 570 696 696 Production 1650 1804 1971 1971 Imports 122 138 115 120 Supply, Total 2446 2512 2783 2788 Food 972 961 964 966 Seed 68 62 62 62 Feed and Residual 74 85 120 120 Domestic, Total 1114 1108 1146 1148 Exports 762 707 825 825 Use, Total 1876 1815 1971 1973 Ending Stocks 570 696 812 815 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 5.70 5.60 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 596 465 449 234 59 1804 Imports 18 63 6 6 45 138 Supply, Total 3/ 837 683 545 314 132 2512 Food 384 253 158 84 83 961 Seed 27 15 11 6 3 62 Feed and Residual 18 -10 91 -12 -2 85 Domestic Use 428 258 261 77 84 1108 Exports 134 235 158 152 27 707 Use, Total 563 493 419 229 111 1815 Ending Stocks, Total 274 190 126 85 21 696 2024/25 (Proj.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 5 60 5 5 45 120 Supply, Total 3/ 1050 753 473 366 146 2788 Food 384 259 155 85 83 966 Seed 26 16 13 6 3 62 Feed and Residual 50 15 70 -15 0 120 Domestic Use 460 290 238 76 86 1148 Exports 220 265 120 195 25 825 Use, Total 680 555 358 271 111 1973 Ending Stocks, Total Nov 370 198 116 95 36 815 Oct 371 194 121 95 31 812 ================================================================================ WASDE - 654 - 12 November 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.6 101.6 Area Harvested 86.6 96.0 90.7 90.7 Metric Tons Yield per Harvested Acre 4.11 4.19 4.39 4.37 Million Metric Tons Beginning Stocks 37.5 37.1 47.7 47.7 Production 356.1 402.6 398.0 396.9 Imports 2.9 2.3 2.2 2.2 Supply, Total 396.5 442.0 447.9 446.8 Feed and Residual 142.2 150.9 151.4 151.8 Food, Seed & Industrial 172.1 179.0 178.2 178.2 Domestic, Total 314.4 329.9 329.6 330.0 Exports 45.1 64.4 64.8 64.8 Use, Total 359.4 394.3 394.4 394.8 Ending Stocks 37.1 47.7 53.5 52.0 Million Acres CORN Area Planted 88.2 94.6 90.7 90.7 Area Harvested 78.7 86.5 82.7 82.7 Bushels Yield per Harvested Acre 173.4 177.3 183.8 183.1 Million Bushels Beginning Stocks 1377 1360 1760 1760 Production 13651 15341 15203 15143 Imports 39 28 25 25 Supply, Total 15066 16729 16989 16928 Feed and Residual 5486 5807 5825 5825 Food,Seed& Industrial 2/ 6558 6869 6840 6840 Ethanol & by-products 3/ 5176 5478 5450 5450 Domestic, Total 12044 12676 12665 12665 Exports 1662 2292 2325 2325 Use, Total 13706 14969 14990 14990 Ending Stocks 1360 1760 1999 1938 Avg.FarmPrice ($/bu) 4/ 6.54 4.55 4.10 4.10 ================================================================================ WASDE - 654 - 13 November 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.3 6.3 AreaHarvested(mil.acres) 4.6 6.1 5.3 5.3 Yield (bushels/acre) 41.1 52.0 57.7 60.8 Beginning Stocks 47 24 31 31 Production 188 318 305 321 Imports 0 0 0 0 Supply, Total 235 342 335 351 Feed and Residual 42 48 60 75 Food, Seed & Industrial 59 24 25 25 Total Domestic 102 72 85 100 Exports 109 239 220 220 Use, Total 211 311 305 320 Ending Stocks 24 31 30 31 Avg.FarmPrice ($/bu) 2/ 6.38 4.93 4.10 4.10 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.4 2.4 AreaHarvested(mil.acres) 2.4 2.6 1.9 1.9 Yield (bushels/acre) 71.7 72.3 76.7 76.7 Beginning Stocks 37 66 78 78 Production 174 186 144 144 Imports 23 13 12 12 Supply, Total 235 265 234 234 Feed and Residual 35 57 40 40 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 182 160 160 Exports 2 5 5 5 Use, Total 169 187 165 165 Ending Stocks 66 78 69 69 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.50 6.60 OATS AreaPlanted (mil. acres) 2.6 2.6 2.2 2.2 AreaHarvested(mil.acres) 0.9 0.8 0.9 0.9 Yield (bushels/acre) 65.5 68.6 76.5 76.5 Beginning Stocks 33 35 36 36 Production 58 57 68 68 Imports 84 74 74 74 Supply, Total 174 166 178 178 Feed and Residual 57 48 60 60 Food, Seed & Industrial 81 80 81 81 Total Domestic 137 128 141 141 Exports 2 2 2 2 Use, Total 139 130 143 143 Ending Stocks 35 36 35 35 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.50 3.50 ================================================================================ WASDE - 654 - 14 November 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 2.94 2.94 Area Harvested 2.17 2.85 2.90 2.90 Pounds Yield per Harvested Acre 7385 7649 7590 7590 Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.4 39.4 Production 160.0 218.3 219.8 219.8 Imports 39.9 44.6 46.5 46.5 Supply, Total 239.7 293.1 305.7 305.7 Domestic & Residual 3/ 144.8 155.7 159.0 159.0 Exports, Total 4/ 64.6 98.1 101.0 100.0 Rough 18.5 41.7 44.0 42.0 Milled (rough equiv.) 46.2 56.4 57.0 58.0 Use, Total 209.4 253.8 260.0 259.0 Ending Stocks 30.3 39.4 45.7 46.7 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.20 15.60 15.60 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 Yield (pounds/acre) 7225 7524 Beginning Stocks 24.6 21.2 19.3 19.3 Imports 31.9 37.3 39.0 39.0 Production 128.5 153.9 166.8 166.8 Supply, Total 7/ 185.0 212.4 225.1 225.1 Domestic & Residual 3/ 113.6 118.3 122.0 122.0 Exports 8/ 50.2 74.7 76.0 74.0 Use, Total 163.8 193.0 198.0 196.0 Ending Stocks 21.2 19.3 27.1 29.1 Avg.FarmPrice($/cwt) 6/ 16.70 15.90 14.50 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 18.4 18.4 Imports 8.0 7.3 7.5 7.5 Production 31.6 64.4 53.0 53.0 Supply, Total 7/ 52.4 79.2 78.9 78.9 Domestic & Residual 3/ 31.1 37.4 37.0 37.0 Exports 8/ 14.4 23.3 25.0 26.0 Use, Total 45.6 60.7 62.0 63.0 Ending Stocks 6.8 18.4 16.9 15.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 21.30 19.60 19.60 California 10/ 40.90 22.00 22.00 22.00 Other States 1/ 18.20 17.20 14.50 14.50 ================================================================================ WASDE - 654 - 15 November 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 87.1 87.1 Area Harvested 86.2 82.3 86.3 86.3 Bushels Yield per Harvested Acre 49.6 50.6 53.1 51.7 Million Bushels Beginning Stocks 274 264 342 342 Production 4270 4162 4582 4461 Imports 25 21 15 15 Supply, Total 4569 4447 4939 4818 Crushings 2212 2287 2425 2410 Exports 1980 1695 1850 1825 Seed 75 78 78 78 Residual 39 45 36 35 Use, Total 4305 4105 4389 4348 Ending Stocks 264 342 550 470 Avg.FarmPrice ($/bu) 2/ 14.20 12.40 10.80 10.80 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1622 1501 Production 4/ 26227 27130 28515 28335 Imports 376 621 450 500 Supply, Total 28594 29357 30587 30336 Domestic Disappearance 26609 27240 28200 28200 Biofuel 3/ 12510 13000 14000 14000 Food, Feed & other Industrial 14099 14240 14200 14200 Exports 378 617 600 600 Use, Total 26987 27856 28800 28800 Ending stocks 1607 1501 1787 1536 Avg. Price (c/lb) 2/ 65.26 47.28 42.00 43.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 400 453 Production 4/ 52493 54145 57075 56747 Imports 634 687 600 675 Supply, Total 53438 55204 58075 57875 Domestic Disappearance 38521 38643 40125 40025 Exports 14547 16107 17500 17400 Use, Total 53067 54750 57625 57425 Ending Stocks 371 453 450 450 Avg. Price ($/s.t.) 2/ 451.91 384.11 320.00 320.00 ================================================================================ WASDE - 654 - 16 November 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 2231 2162 Production 2/ 9250 9368 9495 9276 Beet Sugar 5187 5236 5347 5210 Cane Sugar 4063 4133 4148 4066 Florida 1985 2077 2053 2053 Louisiana 2001 2016 2095 2014 Texas 76 40 0 0 Imports 3614 3765 2568 2581 TRQ 3/ 1862 1788 1628 1628 Other Program 4/ 141 225 200 200 Non-program 1611 1752 740 753 Mexico 1156 521 395 395 High-tier tariff/other 455 1231 345 358 Total Supply 14685 14976 14293 14019 Exports 82 249 100 100 Deliveries 12589 12460 12405 12455 Food 12473 12354 12300 12350 Other 5/ 116 106 105 105 Miscellaneous 171 105 0 0 Total Use 12843 12814 12505 12555 Ending Stocks 1843 2162 1788 1464 Stocks to Use Ratio 14.3 16.9 14.3 11.7 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Oct 835 4704 854 4532 446 1414 Nov 835 4704 761 4436 446 1418 2024/25 Proj. Oct 1414 5094 25 4630 932 972 Nov 1418 5094 96 4630 1006 972 ================================================================================ WASDE - 654 - 17 November 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Oct Nov ================================================================================ Million Acres Planted 13.75 10.23 11.17 11.17 Harvested 7.29 6.44 8.63 8.63 Pounds Yield per Harvested Acre 953 899 789 789 Million 480 Pound Bales Beginning Stocks 4.60 4.65 3.15 3.15 Production 14.47 12.07 14.20 14.19 Imports 0.00 0.00 0.01 0.01 Supply, Total 19.07 16.72 17.36 17.35 Domestic Use 2.05 1.85 1.80 1.80 Exports, Total 12.45 11.75 11.50 11.30 Use, Total 14.50 13.60 13.30 13.10 Unaccounted 2/ -0.08 -0.03 -0.04 -0.05 Ending Stocks 4.65 3.15 4.10 4.30 Avg. Farm Price 3/ 84.8 76.1 66.0 66.0 ================================================================================ WASDE - 654 - 18 November 2024 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 273.51 789.56 213.26 152.67 789.48 221.75 273.59 World Less China 136.75 651.83 199.98 119.67 641.48 220.81 134.77 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 255.16 744.66 209.95 150.65 759.15 201.02 258.09 Major Exporters 4/ 41.53 335.69 13.33 73.90 180.94 162.30 47.32 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 4.17 34.81 0.55 3.15 8.29 25.62 5.63 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 18.00 41.00 49.00 14.39 Ukraine 6.27 21.50 0.08 3.00 7.80 17.12 2.93 Major Importers 6/ 172.98 206.11 133.96 50.74 320.51 15.13 177.40 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.24 29.68 1.67 46.72 0.77 12.15 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26 Southeast Asia 9/ 4.64 0.00 24.48 7.60 24.75 1.28 3.09 Selected Other India 19.50 104.00 0.04 6.50 108.67 5.38 9.50 Kazakhstan 1.49 16.40 4.00 1.80 6.80 10.87 4.22 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. World 3/ 273.59 790.42 221.83 158.60 797.75 221.31 266.25 World Less China 134.77 653.83 208.19 121.60 644.25 220.27 131.75 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 258.09 741.32 218.07 156.29 767.59 202.07 247.30 Major Exporters 4/ 47.32 324.20 13.76 72.82 180.42 165.52 39.34 Argentina 3.97 15.85 0.00 0.25 7.05 8.20 4.57 Australia 4.37 25.96 0.22 4.00 7.50 20.00 3.05 Canada 5.63 32.95 0.56 4.07 9.17 25.38 4.58 European Union 5/ 16.04 134.94 12.63 46.50 111.00 37.87 14.74 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/ 177.40 208.72 139.00 56.06 330.38 19.77 174.98 Bangladesh 0.83 1.10 6.80 0.25 7.65 0.00 1.08 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/ 12.15 16.37 31.27 1.63 46.73 2.00 11.07 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 12.26 20.77 19.98 3.13 39.69 0.66 12.67 Southeast Asia 9/ 3.09 0.00 30.60 9.70 27.81 1.30 4.57 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.22 12.11 2.50 2.50 7.50 8.00 3.33 United Kingdom 2.50 13.98 3.12 7.20 15.40 0.56 3.63 ================================================================================ WASDE - 654 - 19 November 2024 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Oct 266.18 794.08 210.77 151.80 802.54 215.82 257.72 Nov 266.25 794.73 210.01 152.90 803.41 214.67 257.57 World Less China Oct 131.68 654.08 198.77 118.80 651.54 214.82 123.21 Nov 131.75 654.73 198.51 119.90 652.41 213.67 123.57 United States Oct 18.95 53.65 3.13 3.27 31.19 22.45 22.09 Nov 18.95 53.65 3.27 3.27 31.24 22.45 22.17 Total Foreign Oct 247.22 740.43 207.64 148.54 771.35 193.36 235.62 Nov 247.30 741.08 206.75 149.64 772.17 192.21 235.40 Major Exporters 4/ Oct 39.26 312.90 12.64 71.25 178.35 156.50 29.95 Nov 39.34 311.50 12.64 70.75 177.85 156.50 29.13 Argentina Oct 4.57 18.00 0.01 0.25 7.05 11.50 4.03 Nov 4.57 17.50 0.01 0.25 7.05 11.50 3.53 Australia Oct 3.05 32.00 0.20 4.00 7.50 25.00 2.75 Nov 3.05 32.00 0.20 4.00 7.50 25.00 2.75 Canada Oct 4.58 35.00 0.55 4.50 9.60 26.00 4.53 Nov 4.58 35.00 0.55 4.50 9.60 26.00 4.53 European Union 5/ Oct 14.66 123.00 11.50 44.50 108.75 30.00 10.41 Nov 14.74 122.60 11.50 44.50 108.75 30.00 10.09 Russia Oct 11.69 82.00 0.30 16.00 38.75 48.00 7.24 Nov 11.69 81.50 0.30 15.50 38.25 48.00 7.24 Ukraine Oct 0.71 22.90 0.08 2.00 6.70 16.00 0.99 Nov 0.71 22.90 0.08 2.00 6.70 16.00 0.99 Major Importers 6/ Oct 174.95 211.07 133.15 51.33 329.15 18.05 171.97 Nov 174.98 210.87 132.85 51.93 329.75 17.45 171.50 Bangladesh Oct 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Nov 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Brazil Oct 1.69 9.00 6.00 0.50 11.90 3.00 1.79 Nov 1.69 8.50 6.00 0.50 11.90 2.90 1.39 China Oct 134.50 140.00 12.00 33.00 151.00 1.00 134.50 Nov 134.50 140.00 11.50 33.00 151.00 1.00 134.00 Japan Oct 1.09 1.08 5.40 0.65 6.15 0.30 1.12 Nov 1.09 1.08 5.40 0.65 6.15 0.30 1.12 N. Africa 7/ Oct 11.03 16.02 31.90 1.45 46.70 1.60 10.65 Nov 11.07 16.02 32.40 1.45 46.70 2.10 10.69 Nigeria Oct 0.44 0.12 5.50 0.00 5.00 0.38 0.68 Nov 0.44 0.12 5.50 0.00 5.00 0.38 0.68 Sel. Mideast 8/ Oct 12.67 22.09 18.50 3.13 40.38 0.81 12.07 Nov 12.67 22.39 18.40 3.23 40.48 0.81 12.17 Southeast Asia 9/ Oct 4.57 0.00 29.75 9.65 28.38 1.28 4.67 Nov 4.57 0.00 30.05 9.95 28.68 1.28 4.67 India Oct 7.50 113.29 0.30 6.00 112.29 0.30 8.50 Nov 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Kazakhstan Oct 3.33 16.00 1.00 2.00 7.00 10.50 2.83 Nov 3.33 18.00 0.50 3.00 8.10 10.00 3.73 United Kingdom Oct 3.63 10.85 3.20 6.50 14.50 0.50 2.68 Nov 3.63 11.05 3.20 6.50 14.50 0.50 2.88 ================================================================================ WASDE - 654 - 20 November 2024 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 341.85 1454.83 213.10 894.76 1460.69 220.34 335.99 World Less China 131.83 1169.13 180.48 664.51 1139.12 220.33 129.22 United States 37.48 356.45 3.24 142.37 314.97 45.06 37.14 Total Foreign 304.37 1098.38 209.86 752.39 1145.72 175.28 298.85 Major Exporters 4/ 30.42 332.35 4.57 139.01 191.07 145.86 30.41 Argentina 5.58 43.91 0.02 11.65 17.58 28.75 3.19 Australia 3.61 18.84 0.00 5.72 7.60 10.89 3.97 Brazil 4.54 143.48 1.98 67.35 84.99 54.28 10.72 Canada 3.71 30.54 2.18 17.15 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.08 29.92 3.79 Major Importers 5/ 38.50 229.27 135.95 273.05 354.09 13.00 36.62 European Union 6/ 18.81 133.06 25.49 111.88 150.07 11.10 16.17 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.94 33.88 20.27 32.88 52.75 0.05 5.30 N. Afr & Mideast 7/ 6.76 31.12 32.85 54.91 62.69 1.05 6.99 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. World 3/ 335.99 1504.63 241.27 925.12 1496.30 239.34 344.32 World Less China 129.22 1207.49 193.17 679.56 1157.84 239.33 130.77 United States 37.14 402.88 2.65 151.04 330.48 64.45 47.74 Total Foreign 298.85 1101.75 238.62 774.08 1165.82 174.89 296.58 Major Exporters 4/ 30.41 324.63 5.93 137.03 193.84 144.52 22.61 Argentina 3.19 58.37 0.02 12.87 18.98 37.40 5.20 Australia 3.97 14.44 0.00 5.45 7.33 9.48 1.61 Brazil 10.72 128.06 2.11 68.53 90.26 44.10 6.53 Canada 3.72 27.52 2.95 16.22 24.40 6.11 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.79 39.78 0.02 6.17 8.67 32.14 2.78 Major Importers 5/ 36.62 229.88 144.65 277.56 360.14 14.68 36.33 European Union 6/ 16.17 136.42 21.73 109.49 148.15 11.53 14.65 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.30 28.82 25.48 34.30 54.27 0.03 5.30 N. Afr & Mideast 7/ 6.99 33.32 37.63 59.25 67.59 2.52 7.83 Saudi Arabia 1.40 0.24 7.00 6.92 7.26 0.00 1.38 Southeast Asia 8/ 2.86 30.56 19.80 40.55 49.39 0.60 3.24 South Korea 1.91 0.16 11.67 9.30 11.78 0.00 1.96 Selected Other China 206.77 297.14 48.11 245.56 338.46 0.01 213.55 ================================================================================ WASDE - 654 - 21 November 2024 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Oct 343.07 1500.11 223.32 934.57 1510.83 230.24 332.35 Nov 344.32 1499.71 221.91 935.49 1514.19 228.88 329.85 World Less China Oct 129.59 1199.81 185.69 685.95 1169.80 230.21 121.99 Nov 130.77 1199.41 187.28 686.87 1173.16 228.86 122.42 United States Oct 47.74 398.41 2.45 151.61 330.24 64.79 53.57 Nov 47.74 397.28 2.45 151.99 330.62 64.79 52.06 Total Foreign Oct 295.32 1101.70 220.86 782.97 1180.59 165.45 278.78 Nov 296.58 1102.43 219.46 783.51 1183.56 164.09 277.78 Major Exporters 4/ Oct 23.01 321.94 4.73 138.76 193.28 140.44 15.96 Nov 22.61 320.94 4.83 138.41 194.34 138.23 15.81 Argentina Oct 5.41 60.29 0.01 14.23 20.44 41.20 4.06 Nov 5.20 60.29 0.01 14.23 20.44 41.20 3.85 Australia Oct 1.60 16.27 0.00 5.34 7.21 9.11 1.55 Nov 1.61 16.27 0.00 5.34 7.21 9.11 1.55 Brazil Oct 6.52 133.53 2.12 68.93 89.56 49.09 3.52 Nov 6.53 133.53 2.22 68.93 90.66 48.09 3.53 Canada Oct 3.63 26.33 2.35 16.40 24.20 5.34 2.77 Nov 3.68 26.33 2.35 16.15 23.96 5.33 3.07 Russia Oct 1.71 35.50 0.10 20.88 29.35 7.00 0.96 Nov 1.71 34.50 0.10 20.78 29.25 6.20 0.86 Ukraine Oct 2.78 32.42 0.02 5.91 8.39 25.48 1.36 Nov 2.78 32.42 0.02 6.01 8.49 25.48 1.26 Major Importers 5/ Oct 35.40 232.13 139.49 280.80 363.46 11.34 32.21 Nov 36.33 230.93 141.29 280.95 363.71 11.34 33.51 European Union 6/ Oct 14.65 137.86 20.54 110.79 149.56 9.98 13.51 Nov 14.65 137.56 20.54 110.49 149.26 9.98 13.51 Japan Oct 1.46 0.24 16.91 13.45 17.19 0.00 1.42 Nov 1.44 0.24 16.91 13.45 17.19 0.00 1.40 Mexico Oct 4.55 30.36 23.20 34.08 54.08 0.03 4.00 Nov 5.30 29.86 24.70 34.78 54.78 0.03 5.05 N. Afr & Mideast 7/ Oct 7.69 31.85 35.06 59.21 67.43 0.77 6.41 Nov 7.83 31.45 34.86 58.56 66.78 0.77 6.60 Saudi Arabia Oct 1.36 0.24 7.61 7.52 7.86 0.00 1.35 Nov 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Southeast Asia 8/ Oct 3.17 31.31 19.51 41.60 50.45 0.56 2.97 Nov 3.24 31.31 20.41 42.40 51.35 0.56 3.03 South Korea Oct 1.96 0.16 11.90 9.53 12.02 0.00 2.00 Nov 1.96 0.16 11.90 9.53 12.02 0.00 2.01 China Oct 213.48 300.30 37.63 248.63 341.03 0.03 210.36 Nov 213.55 300.30 34.63 248.63 341.03 0.03 207.42 ================================================================================ WASDE - 654 - 22 November 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 314.02 1162.99 173.39 735.13 1172.43 180.34 304.59 World Less China 104.88 885.79 154.68 517.13 873.43 180.33 98.55 United States 34.98 346.74 0.98 139.35 305.93 42.22 34.55 Total Foreign 279.05 816.26 172.41 595.78 866.50 138.12 270.03 Major Exporters 4/ 19.40 233.93 1.45 91.01 120.34 115.97 18.47 Argentina 4.75 37.00 0.02 10.00 14.20 25.24 2.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.61 13.24 3.44 2.41 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.60 118.45 95.26 157.35 211.55 5.05 20.72 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.33 23.19 55.60 74.80 4.20 8.03 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.18 28.08 19.39 27.50 46.00 0.05 4.59 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 304.59 1229.11 196.20 771.18 1219.48 195.65 314.22 World Less China 98.55 940.27 172.79 546.18 912.48 195.65 102.93 United States 34.55 389.67 0.72 147.51 322.00 58.23 44.72 Total Foreign 270.03 839.45 195.48 623.68 897.49 137.42 269.50 Major Exporters 4/ 18.47 234.50 1.88 93.10 126.70 115.20 12.95 Argentina 2.32 50.00 0.02 11.00 15.25 33.00 4.09 Brazil 10.04 122.00 1.30 63.00 83.50 44.00 5.84 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.40 0.50 6.70 13.50 2.00 0.81 Ukraine 2.80 32.50 0.02 3.30 4.25 29.60 1.46 Major Importers 5/ 20.72 122.87 102.76 165.35 220.70 5.03 20.62 Egypt 1.51 7.20 8.00 12.80 15.30 0.00 1.41 European Union 6/ 8.03 61.45 19.50 57.30 77.10 4.40 7.48 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.59 23.50 24.76 29.50 48.10 0.03 4.72 Southeast Asia 7/ 2.85 30.51 19.07 40.00 48.60 0.60 3.23 South Korea 1.90 0.09 11.55 9.25 11.60 0.00 1.94 Selected Other Canada 1.63 15.42 2.81 9.76 15.78 2.09 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 ================================================================================ WASDE - 654 - 23 November 2024 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Oct 312.65 1217.19 183.84 774.27 1223.32 190.50 306.52 Nov 314.22 1219.40 183.41 776.50 1229.48 189.83 304.14 World Less China Oct 101.29 925.19 164.84 543.27 910.32 190.48 97.18 Nov 102.93 927.40 167.41 545.50 916.48 189.81 97.87 United States Oct 44.72 386.18 0.64 147.96 321.71 59.06 50.77 Nov 44.72 384.64 0.64 147.96 321.71 59.06 49.23 Total Foreign Oct 267.93 831.01 183.21 626.31 901.62 131.45 255.75 Nov 269.50 834.76 182.77 628.54 907.78 130.77 254.91 Major Exporters 4/ Oct 13.20 234.20 1.58 94.10 126.45 114.50 8.03 Nov 12.95 234.20 1.58 94.00 127.65 113.10 7.98 Argentina Oct 4.09 51.00 0.01 12.00 16.30 36.00 2.79 Nov 4.09 51.00 0.01 12.00 16.30 36.00 2.79 Brazil Oct 5.84 127.00 1.50 63.00 82.50 49.00 2.84 Nov 5.84 127.00 1.50 63.00 83.50 48.00 2.84 Russia Oct 0.76 13.00 0.05 9.10 10.20 3.30 0.31 Nov 0.76 13.00 0.05 9.10 10.20 3.30 0.31 South Africa Oct 1.06 17.00 0.00 6.90 13.40 3.20 1.46 Nov 0.81 17.00 0.00 6.80 13.60 2.80 1.41 Ukraine Oct 1.46 26.20 0.02 3.10 4.05 23.00 0.63 Nov 1.46 26.20 0.02 3.10 4.05 23.00 0.63 Major Importers 5/ Oct 19.82 122.47 100.40 164.90 220.40 3.89 18.39 Nov 20.62 121.77 102.80 166.20 221.80 3.89 19.50 Egypt Oct 1.41 7.00 8.20 12.80 15.30 0.00 1.31 Nov 1.41 7.00 8.20 12.80 15.30 0.00 1.31 European Union 6/ Oct 7.48 59.00 19.00 55.50 75.30 3.30 6.88 Nov 7.48 58.80 19.00 55.30 75.10 3.30 6.88 Japan Oct 1.31 0.02 15.50 12.20 15.55 0.00 1.28 Nov 1.30 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Oct 3.96 25.00 22.50 29.30 48.00 0.03 3.43 Nov 4.72 24.50 24.00 30.00 48.70 0.03 4.49 Southeast Asia 7/ Oct 3.16 31.26 18.70 41.00 49.60 0.56 2.96 Nov 3.23 31.26 19.60 41.80 50.50 0.56 3.02 South Korea Oct 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Nov 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Canada Oct 1.85 15.20 2.20 10.20 15.70 1.90 1.65 Nov 2.00 15.20 2.20 10.00 15.60 1.90 1.90 China Oct 211.36 292.00 19.00 231.00 313.00 0.02 209.34 Nov 211.29 292.00 16.00 231.00 313.00 0.02 206.27 ================================================================================ WASDE - 654 - 24 November 2024 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2022/23 World 3/ 184.05 516.69 56.93 520.39 54.80 180.34 World Less China 71.05 370.74 52.54 365.40 53.06 73.74 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.79 511.60 55.66 515.80 52.74 179.38 Major Exporters 4/ 45.19 202.93 2.91 163.24 42.54 45.25 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.32 0.01 3.93 3.76 2.02 Thailand 4.13 20.91 0.05 12.40 8.74 3.95 Vietnam 3.61 27.14 2.85 22.20 8.23 3.17 Major Importers 5/ 125.49 238.82 23.42 263.79 2.16 121.76 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.32 3.30 0.39 0.82 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.41 2.28 7.50 0.00 2.23 Philippines 3.10 12.63 3.75 16.10 0.00 3.38 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.51 1.53 1.98 3.35 0.05 0.62 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.88 0.06 1.43 2023/24 Est. World 3/ 180.34 522.18 51.94 523.23 54.85 179.29 World Less China 73.74 377.56 50.42 375.12 53.22 76.29 United States 0.96 6.93 1.42 4.94 3.12 1.25 Total Foreign 179.38 515.25 50.53 518.29 51.74 178.04 Major Exporters 4/ 45.25 205.89 3.31 165.15 41.13 48.18 Burma 1.11 11.90 0.00 10.10 2.20 0.71 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.02 9.87 0.01 4.00 6.30 1.60 Thailand 3.95 20.00 0.10 12.40 9.30 2.35 Vietnam 3.17 26.30 3.20 22.25 8.90 1.52 Major Importers 5/ 121.76 237.28 19.77 258.37 2.02 118.42 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.82 1.38 2.10 3.25 0.36 0.70 Indonesia 4.70 33.02 3.80 36.00 0.00 5.52 Nigeria 2.23 5.61 1.80 7.50 0.00 2.14 Philippines 3.38 12.33 4.50 16.60 0.00 3.60 Sel. Mideast 7/ 1.27 2.02 4.56 6.55 0.00 1.29 Selected Other Brazil 0.62 7.20 1.10 7.20 1.00 0.72 C. Amer & Carib 8/ 0.62 1.51 1.87 3.26 0.05 0.69 Egypt 0.60 3.78 0.18 4.05 0.01 0.51 Japan 1.81 7.30 0.73 8.15 0.09 1.60 Mexico 0.09 0.15 0.87 0.99 0.01 0.11 South Korea 1.43 3.70 0.39 4.18 0.13 1.21 ================================================================================ WASDE - 654 - 25 November 2024 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Oct 179.82 530.44 52.92 528.07 56.47 182.19 Nov 179.29 533.81 53.77 530.46 56.92 182.65 World Less China Oct 76.82 384.44 51.22 382.77 55.07 78.19 Nov 76.29 387.81 52.07 384.76 55.92 78.65 United States Oct 1.25 6.98 1.48 5.05 3.21 1.45 Nov 1.25 6.98 1.48 5.05 3.18 1.48 Total Foreign Oct 178.57 523.46 51.44 523.02 53.26 180.74 Nov 178.04 526.83 52.30 525.41 53.75 181.16 Major Exporters 4/ Oct 48.50 210.70 3.06 169.00 42.80 50.46 Nov 48.18 213.45 3.21 169.93 43.55 51.36 Burma Oct 0.81 12.10 0.01 10.20 1.80 0.92 Nov 0.71 11.85 0.01 10.10 1.70 0.77 India Oct 42.00 142.00 0.00 120.00 21.00 43.00 Nov 42.00 145.00 0.00 121.00 21.50 44.50 Pakistan Oct 1.60 10.00 0.00 4.10 5.50 2.00 Nov 1.60 10.00 0.00 4.10 5.50 2.00 Thailand Oct 2.55 20.10 0.10 12.60 7.30 2.85 Nov 2.35 20.10 0.10 12.40 7.50 2.65 Vietnam Oct 1.55 26.50 2.95 22.10 7.20 1.70 Nov 1.52 26.50 3.10 22.33 7.35 1.45 Major Importers 5/ Oct 118.34 240.12 18.90 257.25 1.85 118.26 Nov 118.42 239.62 19.65 258.00 1.45 118.25 China Oct 103.00 146.00 1.70 145.30 1.40 104.00 Nov 103.00 146.00 1.70 145.70 1.00 104.00 European Union 6/ Oct 0.68 1.72 2.20 3.35 0.40 0.85 Nov 0.70 1.72 2.20 3.35 0.40 0.86 Indonesia Oct 5.52 34.00 1.50 36.50 0.00 4.52 Nov 5.52 34.00 1.50 36.50 0.00 4.52 Nigeria Oct 2.08 5.23 2.10 7.60 0.00 1.81 Nov 2.14 5.23 2.10 7.60 0.00 1.86 Philippines Oct 3.60 12.30 4.90 17.10 0.00 3.70 Nov 3.60 12.30 5.00 17.20 0.00 3.70 Sel. Mideast 7/ Oct 1.29 2.28 4.60 6.75 0.00 1.41 Nov 1.29 2.28 4.65 6.90 0.00 1.32 Brazil Oct 0.72 7.50 0.90 7.20 1.10 0.82 Nov 0.72 7.50 0.90 7.20 1.10 0.82 C. Amer & Carib 8/ Oct 0.69 1.54 1.88 3.37 0.05 0.70 Nov 0.69 1.54 1.98 3.40 0.06 0.75 Egypt Oct 0.55 3.90 0.25 4.10 0.01 0.60 Nov 0.51 3.90 0.25 4.10 0.01 0.55 Japan Oct 1.56 7.35 0.69 8.00 0.09 1.51 Nov 1.60 7.35 0.69 8.00 0.09 1.55 Mexico Oct 0.11 0.16 0.86 1.01 0.01 0.12 Nov 0.11 0.16 0.86 1.01 0.01 0.12 South Korea Oct 1.25 3.60 0.44 3.90 0.13 1.26 Nov 1.21 3.66 0.44 3.95 0.13 1.24 ================================================================================ WASDE - 654 - 26 November 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2022/23 World 70.88 116.18 37.74 112.64 36.65 -0.27 75.78 World Less China 36.72 85.43 31.51 74.94 36.55 -0.27 42.43 United States 4.60 14.47 3/ 2.05 12.45 -0.08 4.65 Total Foreign 66.28 101.71 37.74 110.59 24.20 -0.19 71.13 Major Exporters 4/ 21.76 55.60 2.47 32.81 20.05 -0.20 27.16 Central Asia 5/ 2.73 5.38 0.10 3.53 1.12 0.00 3.57 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.50 1.10 0.00 10.82 Major Importers 8/ 42.77 42.93 32.86 73.77 3.01 0.02 41.77 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 34.17 30.75 6.23 37.70 0.09 0.00 33.36 European Union 9/ 0.30 1.64 0.52 0.56 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 2023/24 Est. World 75.78 113.03 44.01 113.83 44.61 -0.21 74.59 World Less China 42.43 85.68 29.03 75.33 44.54 -0.21 37.47 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.13 100.96 44.00 111.98 32.86 -0.18 71.44 Major Exporters 4/ 27.16 58.03 1.58 33.80 28.29 -0.18 24.86 Central Asia 5/ 3.57 5.10 0.05 3.84 1.67 0.00 3.21 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.34 22.03 0.15 4.22 19.25 -0.18 10.22 Australia 4.78 5.00 3/ 0.01 5.74 -0.18 4.20 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.00 2.31 0.00 9.80 Major Importers 8/ 41.77 39.62 39.96 74.10 2.99 0.00 44.27 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.50 0.06 0.00 37.12 European Union 9/ 0.39 1.04 0.48 0.51 1.14 0.00 0.26 Turkey 2.63 3.20 3.57 6.60 1.39 0.00 1.41 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 ================================================================================ WASDE - 654 - 27 November 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2024/25 Proj. World Oct 75.20 116.64 42.48 115.74 42.47 -0.22 76.33 Nov 74.59 116.18 42.15 115.22 42.18 -0.23 75.75 World Less China Oct 38.08 88.44 33.48 77.74 42.40 -0.22 40.08 Nov 37.47 87.98 33.15 77.22 42.10 -0.23 39.51 United States Oct 3.15 14.20 0.01 1.80 11.50 -0.04 4.10 Nov 3.15 14.19 0.01 1.80 11.30 -0.05 4.30 Total Foreign Oct 72.05 102.44 42.47 113.94 30.97 -0.18 72.23 Nov 71.44 101.99 42.15 113.42 30.88 -0.18 71.45 Major Exporters 4/ Oct 25.36 58.75 3.00 34.66 26.76 -0.18 25.86 Nov 24.86 58.67 3.07 34.65 26.79 -0.18 25.34 Central Asia 5/ Oct 3.32 5.27 0.03 4.08 1.39 0.00 3.15 Nov 3.21 5.17 0.10 4.07 1.39 0.00 3.03 Afr. Fr. Zone 6/ Oct 1.29 4.81 3/ 0.10 4.65 0.00 1.36 Nov 1.29 4.81 3/ 0.10 4.65 0.00 1.36 S. Hemis. 7/ Oct 10.22 24.11 0.15 4.34 18.96 -0.18 11.36 Nov 10.22 24.11 0.15 4.34 18.96 -0.18 11.36 Australia Oct 4.20 5.00 3/ 0.01 5.40 -0.18 3.97 Nov 4.20 5.00 3/ 0.01 5.40 -0.18 3.97 Brazil Oct 3.11 16.80 0.01 3.30 12.30 0.00 4.32 Nov 3.11 16.80 0.01 3.30 12.30 0.00 4.32 India Oct 10.20 24.00 2.30 25.50 1.30 0.00 9.70 Nov 9.80 24.00 2.30 25.50 1.30 0.00 9.30 Major Importers 8/ Oct 44.27 40.20 36.81 74.99 2.37 0.00 43.93 Nov 44.27 39.94 36.41 74.49 2.35 0.00 43.78 Mexico Oct 0.24 0.83 0.93 1.55 0.20 0.00 0.24 Nov 0.24 0.83 0.93 1.55 0.20 0.00 0.24 China Oct 37.12 28.20 9.00 38.00 0.08 0.00 36.24 Nov 37.12 28.20 9.00 38.00 0.08 0.00 36.24 European Union 9/ Oct 0.26 1.32 0.54 0.56 1.22 0.00 0.33 Nov 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Turkey Oct 1.41 4.00 4.70 7.50 0.80 0.00 1.81 Nov 1.41 4.00 4.30 7.10 0.80 0.00 1.81 Pakistan Oct 1.85 5.70 4.00 9.60 0.05 0.00 1.90 Nov 1.85 5.50 4.00 9.50 0.05 0.00 1.80 Indonesia Oct 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Nov 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Oct 0.09 3/ 0.40 0.42 0.00 0.00 0.08 Nov 0.09 3/ 0.40 0.42 0.00 0.00 0.08 Bangladesh Oct 1.71 0.16 7.70 7.80 0.00 0.00 1.77 Nov 1.71 0.15 7.70 7.80 0.00 0.00 1.76 Vietnam Oct 1.03 3/ 6.90 6.90 0.00 0.00 1.04 Nov 1.03 3/ 6.90 6.90 0.00 0.00 1.04 ================================================================================ WASDE - 654 - 28 November 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2022/23 World 2/ 92.64 378.60 167.89 315.29 366.36 171.75 101.01 World Less China 67.49 358.32 63.39 219.29 248.86 171.66 68.67 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.17 262.38 167.22 255.09 303.07 117.88 93.82 Major Exporters 3/ 51.49 197.95 9.25 87.23 97.45 106.96 54.29 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.25 0.01 3.45 3.58 6.50 0.37 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 101.01 394.73 177.90 331.13 384.18 177.04 112.42 World Less China 68.67 373.89 65.90 232.13 262.38 176.97 69.11 United States 7.19 113.27 0.57 62.24 65.59 46.13 9.31 Total Foreign 93.82 281.46 177.33 268.88 318.59 130.91 103.11 Major Exporters 3/ 54.29 215.41 8.68 94.75 106.10 119.79 52.49 Argentina 17.00 48.21 7.79 36.55 43.80 5.11 24.08 Brazil 36.82 153.00 0.87 54.70 58.55 104.17 27.96 Paraguay 0.37 11.00 0.02 3.40 3.50 7.70 0.19 Major Importers 4/ 34.51 24.69 144.13 126.77 157.27 0.34 45.72 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.10 2.95 13.60 14.50 16.12 0.25 1.28 Southeast Asia 5/ 0.67 0.47 9.04 4.44 9.46 0.01 0.71 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. World 2/ Oct 112.37 428.92 177.61 346.38 402.72 181.53 134.65 Nov 112.42 425.40 177.91 346.15 402.28 181.71 131.74 World Less China Oct 69.06 408.22 68.61 243.38 275.82 181.43 88.64 Nov 69.11 404.70 68.91 243.15 275.38 181.61 85.73 United States Oct 9.31 124.70 0.41 66.00 69.10 50.35 14.97 Nov 9.31 121.42 0.41 65.59 68.67 49.67 12.80 Total Foreign Oct 103.06 304.22 177.20 280.38 333.62 131.18 119.68 Nov 103.11 303.99 177.50 280.56 333.61 132.04 118.95 Major Exporters 3/ Oct 52.86 234.30 6.18 97.60 109.63 119.60 64.11 Nov 52.49 234.30 6.18 97.60 109.63 120.10 63.25 Argentina Oct 24.45 51.00 6.00 40.00 47.60 4.50 29.35 Nov 24.08 51.00 6.00 40.00 47.60 4.50 28.98 Brazil Oct 27.96 169.00 0.15 54.00 58.10 105.00 34.01 Nov 27.96 169.00 0.15 54.00 58.10 105.50 33.51 Paraguay Oct 0.19 11.20 0.02 3.50 3.68 7.30 0.43 Nov 0.19 11.20 0.02 3.50 3.68 7.30 0.43 Major Importers 4/ Oct 45.83 24.47 143.54 132.16 164.06 0.42 49.36 Nov 45.72 24.52 143.54 132.14 163.99 0.42 49.38 China Oct 43.31 20.70 109.00 103.00 126.90 0.10 46.01 Nov 43.31 20.70 109.00 103.00 126.90 0.10 46.01 European Union Oct 1.37 2.90 14.60 15.20 17.02 0.30 1.55 Nov 1.28 2.90 14.60 15.20 16.97 0.30 1.51 Southeast Asia 5/ Oct 0.70 0.46 9.89 4.75 9.84 0.01 1.19 Nov 0.71 0.46 9.89 4.75 9.84 0.01 1.20 Mexico Oct 0.26 0.16 6.70 6.65 6.71 0.00 0.41 Nov 0.26 0.21 6.70 6.65 6.71 0.00 0.46 ================================================================================ WASDE - 654 - 29 November 2024 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 16.45 247.66 63.36 247.01 67.07 13.38 World Less China 15.74 171.62 63.32 171.96 66.27 12.45 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 16.16 200.03 62.78 212.06 53.87 13.05 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.38 260.00 69.79 254.08 74.70 14.40 World Less China 12.45 181.59 69.76 176.93 73.27 13.60 United States 0.34 49.12 0.62 35.06 14.61 0.41 Total Foreign 13.05 210.88 69.17 219.02 60.09 13.98 Major Exporters 3/ 5.66 79.67 0.07 30.60 49.52 5.27 Argentina 2.31 28.51 0.00 3.45 24.89 2.48 Brazil 3.15 42.12 0.02 20.00 22.73 2.56 India 0.20 9.04 0.05 7.15 1.90 0.24 Major Importers 4/ 1.68 21.81 37.97 58.44 0.97 2.05 European Union 0.49 11.46 16.50 26.94 0.70 0.80 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.46 17.58 20.77 0.27 1.01 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Proj. World 2/ Oct 14.07 271.65 71.19 266.09 74.76 16.06 Nov 14.40 271.49 71.26 266.18 74.67 16.29 World Less China Oct 13.30 190.07 71.14 185.54 73.76 15.21 Nov 13.60 189.91 71.21 185.63 73.67 15.42 United States Oct 0.36 51.78 0.54 36.40 15.88 0.41 Nov 0.41 51.48 0.61 36.31 15.79 0.41 Total Foreign Oct 13.70 219.87 70.65 229.69 58.89 15.65 Nov 13.98 220.01 70.65 229.87 58.89 15.88 Major Exporters 3/ Oct 4.81 81.58 0.07 32.05 49.10 5.31 Nov 5.27 81.58 0.07 32.08 49.10 5.75 Argentina Oct 2.02 31.20 0.01 3.53 27.30 2.40 Nov 2.48 31.20 0.01 3.53 27.30 2.87 Brazil Oct 2.56 41.58 0.01 21.00 20.50 2.65 Nov 2.56 41.58 0.01 21.00 20.50 2.65 India Oct 0.24 8.80 0.05 7.53 1.30 0.26 Nov 0.24 8.80 0.05 7.55 1.30 0.24 Major Importers 4/ Oct 2.18 22.89 39.58 61.03 1.19 2.43 Nov 2.05 22.88 39.63 60.92 1.19 2.44 European Union Oct 0.70 12.01 16.20 27.34 0.90 0.66 Nov 0.80 12.01 16.20 27.44 0.90 0.66 Mexico Oct 0.19 5.26 2.20 7.43 0.00 0.22 Nov 0.19 5.26 2.20 7.43 0.00 0.22 Southeast Asia 5/ Oct 1.21 3.71 19.43 22.58 0.29 1.48 Nov 1.01 3.71 19.43 22.37 0.29 1.49 China Oct 0.77 81.58 0.05 80.55 1.00 0.84 Nov 0.79 81.58 0.05 80.55 1.00 0.87 ================================================================================ WASDE - 654 - 30 November 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 5.10 59.61 10.81 58.79 11.71 5.03 World Less China 4.71 42.41 10.42 41.79 11.60 4.15 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.19 47.72 10.64 46.72 11.54 4.30 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.09 6.28 25.34 0.19 1.69 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.24 1.95 0.07 0.20 2023/24 Est. World 2/ 5.03 62.78 10.35 61.18 11.87 5.10 World Less China 4.15 45.04 9.96 43.03 11.76 4.36 United States 0.73 12.31 0.28 12.36 0.28 0.68 Total Foreign 4.30 50.47 10.06 48.82 11.59 4.42 Major Exporters 3/ 1.46 21.59 0.66 13.72 8.16 1.83 Argentina 0.32 7.24 0.00 1.71 5.53 0.32 Brazil 0.49 10.94 0.08 9.35 1.35 0.81 European Union 0.56 2.76 0.58 2.58 0.65 0.66 Major Importers 4/ 1.69 21.07 5.22 26.21 0.26 1.51 China 0.87 17.74 0.38 18.15 0.10 0.74 India 0.60 2.03 3.20 5.28 0.02 0.54 North Africa 5/ 0.20 0.93 1.06 1.85 0.14 0.20 2024/25 Proj. World 2/ Oct 5.26 65.54 11.09 64.69 12.00 5.20 Nov 5.10 65.49 11.21 64.73 12.10 4.97 World Less China Oct 4.47 47.08 10.69 45.89 11.90 4.46 Nov 4.36 47.03 10.81 45.93 12.00 4.27 United States Oct 0.74 12.93 0.20 12.79 0.27 0.81 Nov 0.68 12.85 0.23 12.79 0.27 0.70 Total Foreign Oct 4.53 52.61 10.88 51.90 11.72 4.39 Nov 4.42 52.63 10.98 51.94 11.82 4.27 Major Exporters 3/ Oct 1.71 22.29 0.57 14.44 8.43 1.69 Nov 1.83 22.28 0.57 14.49 8.53 1.65 Argentina Oct 0.25 7.94 0.00 2.36 5.50 0.33 Nov 0.32 7.93 0.00 2.36 5.60 0.29 Brazil Oct 0.81 10.80 0.04 9.53 1.40 0.73 Nov 0.81 10.80 0.04 9.53 1.40 0.73 European Union Oct 0.61 2.89 0.53 2.48 0.95 0.60 Nov 0.66 2.89 0.53 2.53 0.95 0.60 Major Importers 4/ Oct 1.61 21.90 5.80 27.77 0.21 1.34 Nov 1.51 21.90 5.90 27.79 0.21 1.32 China Oct 0.79 18.46 0.40 18.80 0.10 0.75 Nov 0.74 18.46 0.40 18.80 0.10 0.70 India Oct 0.54 1.98 3.50 5.73 0.02 0.28 Nov 0.54 1.98 3.60 5.78 0.02 0.33 North Africa 5/ Oct 0.25 1.07 1.25 2.23 0.08 0.28 Nov 0.20 1.07 1.25 2.20 0.08 0.25 ================================================================================ WASDE - 654 - 31 November 2024 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2023 IV 6810 7148 14003 11611 1343 13090 27094 2352 55.5 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2266 57.0 II 6766 6714 13523 11654 1306 13105 26628 2240 57.4 III 6780 6775 13597 12001 1282 13430 27026 2254 56.0 IV* 6920 7275 14238 12100 1265 13505 27743 2300 55.6 OctProj. 27000 27948 55125 47084 5110 52759 107884 9061 225.8 NovProj. 27025 27858 55056 47184 5122 52874 107930 9060 226.0 2025 I* 6625 7030 13699 11725 1265 13135 26834 2335 56.7 II* 6745 6820 13609 11825 1290 13260 26869 2340 58.0 III* 6505 6970 13517 12200 1300 13650 27167 2360 56.5 OctProj. 25925 28515 54615 47825 5165 53575 108190 9445 227.7 NovProj. 26280 28400 54854 47850 5165 53600 108454 9430 227.7 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 IV 177.93 53.58 118.5 100.8 182.2 21.17 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II 188.42 65.53 132.1 95.7 227.1 21.77 III 189.26 63.71 127.4 93.3 317.2 23.97 IV* 188.00 60.00 130.0 95.0 340.0 24.90 OctProj. 186.18 59.80 129.1 93.8 269.5 22.80 NovProj. 186.68 61.05 129.4 94.0 285.7 22.75 2025 I* 188.00 58.00 132.0 94.0 250.0 23.30 II* 187.00 62.00 133.0 96.0 200.0 22.50 III* 186.00 63.00 127.0 103.0 170.0 22.20 OctProj. 187 58 129 100 188 22.75 NovProj. 188 59 130 100 200 22.85 ================================================================================ WASDE - 654 - 32 November 2024 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2023 723 27034 3725 31482 3038 638 27807 58.1 2024 Proj. Oct 638 27067 4383 32088 2955 610 28523 59.2 Nov 638 27092 4508 32237 2960 610 28667 59.5 2025 Proj. Oct 610 25992 4425 31027 2600 570 27857 57.5 Nov 610 26347 4515 31472 2700 580 28192 58.2 Pork 2023 504 27318 1142 28965 6824 471 21670 50.2 2024 Proj. Oct 471 27963 1188 29623 7152 445 22026 50.7 Nov 471 27873 1167 29512 7153 445 21914 50.5 2025 Proj. Oct 445 28530 1205 30180 7395 445 22340 51.2 Nov 445 28415 1190 30050 7355 445 22250 51.0 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 109.5 2024 Proj. Oct 1130 55217 5929 62276 10112 1077 51087 111.4 Nov 1130 55148 6032 62310 10118 1081 51111 111.4 2025 Proj. Oct 1077 54707 5965 61748 10000 1036 50713 110.1 Nov 1081 54946 6060 62086 10060 1046 50981 110.6 Broiler 2023 892 45890 131 46914 7260 835 38819 99.5 2024 Proj. Oct 835 46580 148 47563 6721 800 40042 102.1 Nov 835 46679 149 47663 6717 780 40167 102.4 2025 Proj. Oct 800 47313 160 48273 6810 805 40658 103.1 Nov 780 47338 140 48258 6780 790 40688 103.1 Turkey 2023 190 5457 35 5682 490 243 4949 14.8 2024 Proj. Oct 243 5110 36 5389 504 200 4685 13.9 Nov 243 5122 37 5403 502 200 4701 13.9 2025 Proj. Oct 200 5165 32 5397 530 210 4657 13.7 Nov 200 5165 32 5397 530 210 4657 13.7 Total Poultry6/ 2023 1087 51934 170 53192 7770 1085 44337 115.9 2024 Proj. Oct 1085 52255 188 53528 7246 1005 45277 117.6 Nov 1085 52368 191 53644 7241 985 45419 118.0 2025 Proj. Oct 1005 53063 198 54266 7360 1021 45885 118.5 Nov 985 53087 178 54250 7330 1006 45914 118.6 RedMeat& Poultry 2023 2343 106474 5323 114140 17637 2215 94287 225.4 2024 Proj. Oct 2215 107471 6117 115804 17358 2082 96364 229.0 Nov 2215 107516 6223 115954 17359 2065 96530 229.4 2025 Proj. Oct 2082 107769 6163 116014 17360 2057 96597 228.5 Nov 2065 108033 6238 116336 17390 2052 96895 229.2 ================================================================================ WASDE - 654 - 33 November 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Oct Nov Oct Nov ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 21.0 19.5 Production 9116.6 9142.4 9061.2 9060.2 9445.0 9430.0 Imports 26.0 27.5 27.4 28.6 30.0 30.0 Total Supply 9161.7 9188.6 9111.7 9111.9 9496.0 9479.5 Use Exports 226.6 250.5 245.7 246.5 264.0 264.0 Hatching Use 1117.3 1112.5 1148.6 1147.2 1135.0 1135.0 Ending Stocks 18.8 23.1 21.0 19.5 22.0 22.0 Disappearance Total 7799.1 7802.6 7696.4 7698.6 8075.0 8058.5 Per Capita (number) 280.6 279.3 274.1 274.1 286.0 285.4 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Oct Nov Oct Nov ================================================================================ Billion Pounds Milk Production 226.4 226.4 225.8 226.0 227.7 227.7 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.6 13.8 Marketings 225.4 225.4 224.8 225.0 226.7 226.7 Imports 7.1 7.4 9.3 9.3 8.8 9.0 Total Supply 246.8 247.1 247.9 248.0 249.1 249.5 FatBasisUse Exports 12.8 10.5 11.6 11.6 11.4 11.6 Ending Stocks 14.4 13.8 13.6 13.8 13.6 13.6 Domestic Use 219.6 222.9 222.7 222.6 224.1 224.2 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 9.5 9.7 Marketings 225.4 225.4 224.8 225.0 226.7 226.7 Imports 6.7 6.3 6.9 6.9 7.3 7.3 Total Supply 243.2 243.3 241.6 241.8 243.5 243.7 Skim-solidBasisUse Exports 52.9 49.9 49.2 49.5 49.5 49.9 Ending Stocks 11.7 9.9 9.5 9.7 10.0 9.9 Domestic Use 178.7 183.6 183.0 182.6 184.0 183.9 ================================================================================ WASDE - 654 - 34 November 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity Oct Nov Oct Nov ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.885 1.885 1.880 1.895 Butter 2.8665 2.6170 2.925 2.895 2.785 2.755 Nonfat Dry Milk 1.6851 1.1856 1.230 1.240 1.250 1.260 Dry Whey 0.6057 0.3618 0.480 0.485 0.490 0.520 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 19.05 19.05 18.95 19.30 Class IV 24.47 19.12 20.80 20.75 20.35 20.30 All Milk 3/ 25.34 20.34 22.80 22.75 22.75 22.85 ================================================================================ WASDE - 654 - 35 November 2024 Reliability of November 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 1.1 1.9 5.4 0.1 18.1 32 11 U.S. 0.4 0.7 0.2 0.0 1.2 21 14 Foreign 1.3 2.2 5.4 0.0 18.2 32 11 Exports World 5.6 9.5 6.5 0.2 19.2 35 8 U.S. 7.2 12.1 1.8 0.2 8.6 20 23 Foreign 6.8 11.5 6.3 0.3 17.2 38 5 Domestic Use World 1.4 2.3 6.3 0.0 28.5 27 15 U.S. 5.8 9.7 1.5 0.1 3.6 12 31 Foreign 1.5 2.4 6.5 0.5 28.7 30 13 Ending Stocks World 6.1 10.3 8.1 0.2 32.1 32 11 U.S. 10.9 18.4 1.9 0.2 7.0 28 15 Foreign 6.3 10.6 7.0 0.6 31.2 31 12 COARSE GRAINS 2/ Production World 1.5 2.6 13.0 0.2 47.3 32 11 U.S. 1.3 2.2 2.6 0.0 9.9 20 23 Foreign 2.1 3.6 12.8 0.2 48.8 31 12 Exports World 6.4 10.8 6.3 0.1 29.7 29 14 U.S. 16.0 26.9 5.9 0.4 14.7 22 21 Foreign 11.8 19.8 7.0 0.3 23.5 29 14 Domestic Use World 1.3 2.2 10.5 0.2 41.9 25 18 U.S. 3.5 5.8 5.0 0.2 17.2 21 22 Foreign 1.5 2.6 9.5 0.2 42.2 27 16 Ending Stocks World 11.7 19.8 11.8 0.3 39.6 35 8 U.S. 20.3 34.2 7.6 0.6 23.9 23 20 Foreign 15.3 25.8 10.7 0.2 31.1 38 5 RICE, milled Production World 2.0 3.4 5.8 0.1 16.8 36 7 U.S. 2.8 4.7 0.1 0.0 0.5 20 20 Foreign 2.0 3.5 5.8 0.2 16.9 36 7 Exports World 9.0 15.2 2.0 0.1 6.0 34 9 U.S. 9.4 15.8 0.2 0.0 0.7 21 19 Foreign 10.3 17.3 2.0 0.0 6.1 32 11 Domestic Use World 1.6 2.7 4.0 0.1 17.5 35 8 U.S. 8.1 13.6 0.2 0.0 0.6 23 20 Foreign 1.6 2.8 4.0 0.0 17.7 36 7 Ending Stocks World 10.2 17.2 5.5 0.1 24.6 35 8 U.S. 22.2 37.5 0.2 0.0 0.8 23 20 Foreign 10.6 17.8 5.5 0.1 24.4 35 8 ================================================================================ WASDE - 654 - 36 November 2024 Reliability of November 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 4.0 6.8 6.7 0.0 28.3 24 19 U.S. 2.1 3.5 1.2 0.1 4.7 19 24 Foreign 6.6 11.1 6.5 0.0 29.4 21 22 Exports World 7.2 12.1 4.1 0.0 17.9 27 16 U.S. 9.6 16.2 2.4 0.1 7.1 26 17 Foreign 17.6 29.6 3.8 0.1 20.8 22 21 Domestic Use World 2.9 4.9 4.6 0.0 16.5 24 19 U.S. 3.5 5.9 1.3 0.0 3.8 28 15 Foreign 3.5 6.0 4.3 0.2 14.9 24 19 Ending Stocks World 15.5 26.2 4.6 0.0 18.4 22 21 U.S. 46.4 78.1 2.2 0.1 7.3 13 30 Foreign 16.5 27.8 4.1 0.1 18.2 23 20 COTTON Production World 3.5 5.9 2.5 0.1 9.3 25 18 U.S. 4.1 7.0 0.5 0.0 2.5 20 22 Foreign 4.0 6.8 2.4 0.1 8.9 26 17 Exports World 8.1 13.7 2.2 0.1 10.3 27 16 U.S. 16.3 27.5 1.0 0.1 3.2 25 18 Foreign 10.8 18.2 1.7 0.0 8.9 22 20 Domestic Use World 4.6 7.7 3.2 0.0 19.4 19 23 U.S. 9.5 16.1 0.3 0.0 1.1 20 23 Foreign 4.5 7.7 3.1 0.0 18.6 20 23 Ending Stocks World 11.9 20.0 5.2 0.3 18.4 25 18 U.S. 36.2 60.9 1.2 0.1 4.1 16 27 Foreign 12.6 21.1 5.0 0.0 17.3 27 16 ================================================================================ WASDE - 654 - 37 November 2024 Reliability of United States November 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 1.3 2.3 97 0 396 21 21 Exports 16.4 27.6 208 9 575 20 23 Domestic Use 3.7 6.2 193 3 574 26 17 Ending Stocks 23.0 38.7 298 17 986 21 22 SORGHUM Production 5.6 9.4 15 1 53 21 22 Exports 21.9 36.9 33 0 123 24 18 Domestic Use 20.1 33.9 34 0 127 19 23 Ending Stocks 46.7 78.7 23 0 104 16 26 BARLEY Production 1.5 2.6 3 0 24 21 10 Exports 50.2 84.5 9 0 37 17 21 Domestic Use 8.2 13.8 17 0 70 17 25 Ending Stocks 15.0 25.2 13 0 38 26 15 OATS Production 1.1 1.8 2 0 18 8 9 Exports 68.0 114.6 1 0 7 11 10 Domestic Use 5.4 9.1 11 1 39 16 27 Ending Stocks 19.9 33.5 13 1 52 28 15 Thousand Short Tons SOYBEAN MEAL Production 3.5 5.8 1007 14 3250 27 16 Exports 11.0 18.6 720 0 3600 24 16 Domestic Use 3.3 5.5 744 30 2350 20 23 Ending Stocks 26.7 45.0 40 0 249 15 13 Million Pounds SOYBEAN OIL Production 3.7 6.2 498 40 2240 30 13 Exports 48.5 81.7 393 0 1425 23 19 Domestic Use 3.7 6.2 466 0 1828 27 15 Ending Stocks 22.2 37.4 323 0 1077 23 19 ANIMAL PROD. 3/ Million Pounds Beef 3.7 6.2 778 92 2461 29 13 Pork 3.0 5.1 412 2 1592 22 20 Broilers 1.8 3.0 403 17 1394 26 16 Turkeys 3.9 6.5 151 2 496 21 21 Million Dozen Eggs 2.2 3.7 130 2 513 26 16 Billion Pounds Milk 1.5 2.5 1.9 0.1 6.0 20 22 ================================================================================