WASDE - 660 - 8 May 2025 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2023/24 2822.56 3615.88 516.28 2819.71 796.17 2024/25 (Est.) 2839.48 3635.64 494.24 2868.91 766.74 2025/26 (Proj.) Apr NA NA NA NA NA May 2896.76 3663.49 511.81 2907.35 756.14 Wheat 2023/24 791.95 1066.93 222.22 797.82 269.11 2024/25 (Est.) 799.71 1068.83 206.12 803.62 265.21 2025/26 (Proj.) Apr NA NA NA NA NA May 808.52 1073.73 212.99 808.00 265.73 Coarse Grains 5/ 2023/24 1506.91 1844.44 237.28 1497.39 347.06 2024/25 (Est.) 1502.05 1849.10 226.71 1532.68 316.42 2025/26 (Proj.) Apr NA NA NA NA NA May 1549.52 1865.94 238.02 1560.60 305.34 Rice, milled 2023/24 523.70 704.50 56.78 524.51 180.00 2024/25 (Est.) 537.72 717.72 61.41 532.61 185.11 2025/26 (Proj.) Apr NA NA NA NA NA May 538.71 723.82 60.81 538.75 185.07 United States Total Grains 4/ 2023/24 458.90 520.32 86.80 365.43 68.09 2024/25 (Est.) 451.56 527.52 94.15 369.89 63.48 2025/26 (Proj.) Apr NA NA NA NA NA May 475.22 545.64 99.20 371.17 75.27 Wheat 2023/24 49.10 68.36 19.24 30.16 18.95 2024/25 (Est.) 53.65 76.69 22.32 31.48 22.90 2025/26 (Proj.) Apr NA NA NA NA NA May 52.28 78.44 21.77 31.54 25.12 Coarse Grains 5/ 2023/24 402.88 442.67 64.45 330.35 47.87 2024/25 (Est.) 390.86 440.99 68.82 333.01 39.15 2025/26 (Proj.) Apr NA NA NA NA NA May 415.98 457.25 74.44 334.17 48.64 Rice, milled 2023/24 6.92 9.30 3.12 4.92 1.27 2024/25 (Est.) 7.05 9.84 3.02 5.40 1.43 2025/26 (Proj.) Apr NA NA NA NA NA May 6.96 9.95 2.99 5.46 1.51 ================================================================================ WASDE - 660 - 9 May 2025 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2023/24 2363.66 3095.56 429.48 2454.28 728.08 2024/25 (Est.) 2387.92 3108.13 400.08 2499.02 703.26 2025/26 (Proj.) Apr NA NA NA NA NA May 2421.54 3117.85 412.61 2536.18 680.87 Wheat 2023/24 742.86 998.58 202.98 767.66 250.16 2024/25 (Est.) 746.06 992.14 183.80 772.14 242.31 2025/26 (Proj.) Apr NA NA NA NA NA May 756.24 995.29 191.21 776.45 240.61 Coarse Grains 5/ 2023/24 1104.03 1401.77 172.84 1167.04 299.19 2024/25 (Est.) 1111.19 1408.12 157.89 1199.67 277.27 2025/26 (Proj.) Apr NA NA NA NA NA May 1133.54 1408.69 163.58 1226.44 256.70 Rice, milled 2023/24 516.77 695.21 53.66 519.59 178.73 2024/25 (Est.) 530.67 707.87 58.39 527.21 183.68 2025/26 (Proj.) Apr NA NA NA NA NA May 531.75 713.87 57.82 533.29 183.56 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2023/24 112.97 188.90 44.59 114.81 73.77 2024/25 (Est.) 121.07 194.84 42.45 116.68 78.40 2025/26 (Proj.) Apr NA NA NA NA NA May 117.81 196.21 44.83 118.08 78.38 United States 2023/24 12.07 16.72 11.75 1.85 3.15 2024/25 (Est.) 14.41 17.57 11.10 1.70 4.80 2025/26 (Proj.) Apr NA NA NA NA NA May 14.50 19.31 12.50 1.70 5.20 Foreign 4/ 2023/24 100.91 172.19 32.84 112.96 70.62 2024/25 (Est.) 106.66 177.27 31.35 114.98 73.60 2025/26 (Proj.) Apr NA NA NA NA NA May 103.31 176.91 32.33 116.38 73.18 ================================================================================ WASDE - 660 - 10 May 2025 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2023/24 658.08 781.06 205.14 543.53 136.12 2024/25 (Est.) 677.16 813.28 208.25 562.07 141.30 2025/26 (Proj.) Apr NA NA NA NA NA May 692.10 833.40 215.07 580.49 143.24 Oilmeals 2023/24 371.15 389.43 105.74 366.04 19.28 2024/25 (Est.) 387.75 407.02 110.19 379.96 22.35 2025/26 (Proj.) Apr NA NA NA NA NA May 400.23 422.58 112.50 394.78 23.31 Vegetable Oils 2023/24 222.22 254.70 86.09 217.93 30.83 2024/25 (Est.) 227.77 258.60 85.01 224.01 29.13 2025/26 (Proj.) Apr NA NA NA NA NA May 234.55 263.68 87.41 228.94 29.14 United States Oilseeds 2023/24 122.16 132.12 47.35 66.22 10.81 2024/25 (Est.) 128.35 140.35 51.46 69.84 10.88 2025/26 (Proj.) Apr NA NA NA NA NA May 128.47 140.47 50.41 72.04 9.70 Oilmeals 2023/24 51.43 56.13 14.80 40.85 0.49 2024/25 (Est.) 54.34 59.33 15.99 42.85 0.50 2025/26 (Proj.) Apr NA NA NA NA NA May 55.70 60.72 16.53 43.67 0.52 Vegetable Oils 2023/24 13.59 21.59 0.42 20.13 1.04 2024/25 (Est.) 14.32 21.72 1.22 19.47 1.02 2025/26 (Proj.) Apr NA NA NA NA NA May 14.68 22.19 0.92 20.21 1.06 Foreign 3/ Oilseeds 2023/24 535.92 648.93 157.79 477.30 125.31 2024/25 (Est.) 548.81 672.94 156.79 492.22 130.42 2025/26 (Proj.) Apr NA NA NA NA NA May 563.63 692.93 164.66 508.45 133.54 Oilmeals 2023/24 319.72 333.29 90.94 325.19 18.79 2024/25 (Est.) 333.41 347.69 94.21 337.12 21.86 2025/26 (Proj.) Apr NA NA NA NA NA May 344.53 361.86 95.97 351.11 22.79 Vegetable Oils 2023/24 208.63 233.11 85.67 197.80 29.79 2024/25 (Est.) 213.45 236.88 83.78 204.54 28.11 2025/26 (Proj.) Apr NA NA NA NA NA May 219.87 241.49 86.50 208.73 28.08 ================================================================================ WASDE - 660 - 11 May 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Acres Area Planted 49.6 46.1 NA 45.4* Area Harvested 37.1 38.5 NA 37.2* Bushels Yield per Harvested Acre 48.7 51.2 NA 51.6* Million Bushels Beginning Stocks 570 696 NA 841 Production 1804 1971 NA 1921 Imports 138 150 NA 120 Supply, Total 2512 2818 NA 2882 Food 961 975 NA 977 Seed 62 62 NA 62 Feed and Residual 85 120 NA 120 Domestic, Total 1108 1157 NA 1159 Exports 707 820 NA 800 Use, Total 1815 1977 NA 1959 Ending Stocks 696 841 NA 923 Avg.FarmPrice ($/bu) 2/ 6.96 5.50 NA 5.30 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2024/25 (Est.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 6 80 5 7 52 150 Supply, Total 3/ 1051 773 473 368 153 2818 Food 388 261 155 85 86 975 Seed 27 15 12 6 3 62 Feed and Residual 25 20 70 -10 15 120 Domestic Use 440 296 237 81 104 1157 Exports 210 250 120 220 20 820 Use, Total 650 546 357 301 124 1977 Ending Stocks, Total May 401 227 116 67 30 841 Apr 408 223 116 67 32 846 ================================================================================ WASDE - 660 - 12 May 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 107.5 101.5 NA 106.4* Area Harvested 96.0 91.3 NA 95.7* Metric Tons Yield per Harvested Acre 4.19 4.28 NA 4.34 Million Metric Tons Beginning Stocks 37.1 47.9 NA 39.1 Production 402.6 390.5 NA 415.7 Imports 2.3 2.0 NA 1.9 Supply, Total 442.0 440.3 NA 456.7 Feed and Residual 150.8 151.9 NA 153.4 Food, Seed & Industrial 178.9 180.5 NA 180.3 Domestic, Total 329.7 332.4 NA 333.7 Exports 64.4 68.8 NA 74.4 Use, Total 394.2 401.2 NA 408.1 Ending Stocks 47.9 39.1 NA 48.6 Million Acres CORN Area Planted 94.6 90.6 NA 95.3* Area Harvested 86.5 82.9 NA 87.4* Bushels Yield per Harvested Acre 177.3 179.3 NA 181.0* Million Bushels Beginning Stocks 1360 1763 NA 1415 Production 15341 14867 NA 15820 Imports 28 25 NA 25 Supply, Total 16729 16655 NA 17260 Feed and Residual 5805 5750 NA 5900 Food,Seed& Industrial 2/ 6868 6890 NA 6885 Ethanol & by-products 3/ 5478 5500 NA 5500 Domestic, Total 12673 12640 NA 12785 Exports 2292 2600 NA 2675 Use, Total 14966 15240 NA 15460 Ending Stocks 1763 1415 NA 1800 Avg.FarmPrice ($/bu) 4/ 4.55 4.35 NA 4.20 ================================================================================ WASDE - 660 - 13 May 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.2 6.3 NA 6.6* AreaHarvested(mil.acres) 6.1 5.6 NA 5.7* Yield (bushels/acre) 52.0 61.3 NA 68.8* Beginning Stocks 24 33 NA 52 Production 318 344 NA 392 Imports 0 0 NA 0 Supply, Total 342 377 NA 444 Feed and Residual 46 155 NA 85 Food, Seed & Industrial 24 70 NA 70 Total Domestic 70 225 NA 155 Exports 239 100 NA 250 Use, Total 309 325 NA 405 Ending Stocks 33 52 NA 39 Avg.FarmPrice ($/bu) 2/ 4.93 4.10 NA 4.00 BARLEY AreaPlanted (mil. acres) 3.1 2.4 NA 2.3* AreaHarvested(mil.acres) 2.6 1.9 NA 1.9* Yield (bushels/acre) 72.3 76.7 NA 77.4* Beginning Stocks 66 78 NA 67 Production 186 144 NA 147 Imports 13 9 NA 9 Supply, Total 265 231 NA 223 Feed and Residual 57 40 NA 30 Food, Seed & Industrial 125 115 NA 115 Total Domestic 182 155 NA 145 Exports 5 9 NA 5 Use, Total 187 164 NA 150 Ending Stocks 78 67 NA 73 Avg.FarmPrice ($/bu) 2/ 7.39 6.50 NA 5.30 OATS AreaPlanted (mil. acres) 2.6 2.2 NA 2.2* AreaHarvested(mil.acres) 0.8 0.9 NA 0.7* Yield (bushels/acre) 68.6 76.5 NA 68.6* Beginning Stocks 35 36 NA 29 Production 57 68 NA 48 Imports 74 68 NA 63 Supply, Total 166 172 NA 140 Feed and Residual 48 60 NA 35 Food, Seed & Industrial 80 81 NA 80 Total Domestic 128 141 NA 115 Exports 2 3 NA 2 Use, Total 130 144 NA 117 Ending Stocks 36 29 NA 23 Avg.FarmPrice ($/bu) 2/ 3.92 3.40 NA 3.10 ================================================================================ WASDE - 660 - 14 May 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Acres TOTAL RICE Area Planted 2.90 2.91 NA 2.90* Area Harvested 2.85 2.87 NA 2.84* Pounds Yield per Harvested Acre 7641 7748 NA 7727* Million Hundredweight Beginning Stocks 2/ 30.3 39.8 NA 45.0 Production 218.0 222.1 NA 219.3 Imports 44.6 48.0 NA 49.2 Supply, Total 292.8 310.0 NA 313.5 Domestic & Residual 3/ 154.9 170.0 NA 172.0 Exports, Total 4/ 98.1 95.0 NA 94.0 Rough 41.7 30.5 NA 33.0 Milled (rough equiv.) 56.4 64.5 NA 61.0 Use, Total 253.0 265.0 NA 266.0 Ending Stocks 39.8 45.0 NA 47.5 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 17.30 15.20 NA 13.20 LONG GRAIN RICE Harvested Acres (mil.) 2.05 2.26 Yield (pounds/acre) 7523 7625 Beginning Stocks 21.2 19.3 NA 35.3 Imports 37.3 42.0 NA 43.0 Production 153.8 172.0 NA 167.2 Supply, Total 7/ 212.3 233.3 NA 245.5 Domestic & Residual 3/ 118.9 133.0 NA 140.0 Exports 8/ 74.1 65.0 NA 68.0 Use, Total 193.0 198.0 NA 208.0 Ending Stocks 19.3 35.3 NA 37.5 Avg.FarmPrice($/cwt) 6/ 15.90 14.20 NA 12.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.81 0.61 Yield (pounds/acre) 7938 8200 Beginning Stocks 6.8 18.9 NA 8.0 Imports 7.3 6.0 NA 6.2 Production 64.1 50.1 NA 52.1 Supply, Total 7/ 78.9 75.0 NA 66.3 Domestic & Residual 3/ 36.0 37.0 NA 32.0 Exports 8/ 24.0 30.0 NA 26.0 Use, Total 60.0 67.0 NA 58.0 Ending Stocks 18.9 8.0 NA 8.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 21.60 18.90 NA 17.60 California 10/ 22.30 20.00 NA 20.00 Other States 1/ 17.20 15.40 NA 12.50 ================================================================================ WASDE - 660 - 15 May 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 83.6 87.1 NA 83.5* Area Harvested 82.3 86.1 NA 82.7* Bushels Yield per Harvested Acre 50.6 50.7 NA 52.5* Million Bushels Beginning Stocks 264 342 NA 350 Production 4162 4366 NA 4340 Imports 21 25 NA 20 Supply, Total 4447 4734 NA 4710 Crushings 2285 2420 NA 2490 Exports 1695 1850 NA 1815 Seed 75 72 NA 73 Residual 49 42 NA 37 Use, Total 4105 4384 NA 4415 Ending Stocks 342 350 NA 295 Avg.FarmPrice ($/bu) 2/ 12.40 9.95 NA 10.25 Million Pounds SOYBEAN OIL Beginning Stocks 1607 1551 NA 1451 Production 4/ 27093 28800 NA 29380 Imports 621 500 NA 300 Supply, Total 29321 30851 NA 31131 Domestic Disappearance 27153 27000 NA 27900 Biofuel 3/ 12989 13100 NA 13900 Food, Feed & other Industrial 14164 13900 NA 14000 Exports 617 2400 NA 1700 Use, Total 27770 29400 NA 29600 Ending stocks 1551 1451 NA 1531 Avg. Price (c/lb) 2/ 47.28 45.00 NA 46.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 371 453 NA 450 Production 4/ 54106 57297 NA 58700 Imports 687 625 NA 650 Supply, Total 55164 58375 NA 59800 Domestic Disappearance 38604 40525 NA 41325 Exports 16107 17400 NA 18000 Use, Total 54711 57925 NA 59325 Ending Stocks 453 450 NA 475 Avg. Price ($/s.t.) 2/ 384.11 300.00 NA 310.00 ================================================================================ WASDE - 660 - 16 May 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2024/25 Est. 2025/26 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1843 2131 2131 2032 Production 2/ 9313 9369 9311 9285 Beet Sugar 5172 5391 5334 5180 Cane Sugar 4141 3978 3977 4105 Florida 2079 1930 1929 2017 Louisiana 2022 2049 2049 2088 Texas 40 0 0 0 Imports 3840 2961 2944 2475 TRQ 3/ 1788 1533 1533 1419 Other Program 4/ 300 200 200 200 Non-program 1752 1228 1212 855 Mexico 521 497 497 669 High-tier tariff/other 1231 731 715 186 Total Supply 14995 14461 14387 13791 Exports 249 100 100 100 Deliveries 12534 12345 12255 12255 Food 12428 12240 12150 12150 Other 5/ 106 105 105 105 Miscellaneous 81 0 0 0 Total Use 12864 12445 12355 12355 Ending Stocks 2131 2016 2032 1436 Stocks to Use Ratio 16.6 16.2 16.4 11.6 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2024/25 Est. Apr 1418 4859 189 4553 957 956 May 1418 4811 189 4614 723 1081 2025/26 Proj. Apr NA NA NA NA NA NA May 1081 5094 142 4569 667 1081 ================================================================================ WASDE - 660 - 17 May 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Apr May ================================================================================ Million Acres Planted 10.23 11.18 NA 9.87* Harvested 6.44 7.81 NA 8.37* Pounds Yield per Harvested Acre 899 886 NA 832* Million 480 Pound Bales Beginning Stocks 4.65 3.15 NA 4.80 Production 12.07 14.41 NA 14.50 Imports 0.00 0.01 NA 0.01 Supply, Total 16.72 17.57 NA 19.31 Domestic Use 1.85 1.70 NA 1.70 Exports, Total 11.75 11.10 NA 12.50 Use, Total 13.60 12.80 NA 14.20 Unaccounted 2/ -0.03 -0.03 NA -0.10 Ending Stocks 3.15 4.80 NA 5.20 Avg. Farm Price 3/ 76.1 63.0 NA 62.0 ================================================================================ WASDE - 660 - 18 May 2025 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 274.98 791.95 223.05 159.24 797.82 222.22 269.11 World Less China 136.16 655.36 209.42 122.24 644.32 221.18 134.61 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 259.48 742.86 219.29 156.94 767.66 202.98 250.16 Major Exporters 4/ 47.55 324.63 13.80 73.04 180.16 165.60 40.21 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.30 7.80 19.84 2.91 Canada 5.63 32.95 0.56 3.99 9.11 25.44 4.58 European Union 5/ 16.27 135.38 12.66 46.50 110.50 38.01 15.79 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 2.00 6.70 18.58 0.71 Major Importers 6/ 178.98 208.72 139.35 56.36 330.00 19.76 177.28 Bangladesh 0.83 1.10 6.70 0.25 7.55 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/ 12.17 16.37 31.38 1.63 46.58 2.00 11.35 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 11.86 20.77 20.33 3.23 39.76 0.65 12.53 Southeast Asia 9/ 3.14 0.00 30.60 9.90 28.01 1.30 4.42 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.21 12.11 2.50 2.50 7.55 7.83 3.45 United Kingdom 2.31 13.98 3.14 7.40 15.59 0.57 3.26 2024/25 Est. World 3/ 269.11 799.71 198.06 154.28 803.62 206.12 265.21 World Less China 134.61 659.61 194.76 121.28 653.62 205.12 138.31 United States 18.95 53.65 4.08 3.27 31.48 22.32 22.90 Total Foreign 250.16 746.06 193.98 151.02 772.14 183.80 242.31 Major Exporters 4/ 40.21 314.73 11.84 71.55 179.10 149.00 38.68 Argentina 4.54 18.54 0.01 0.25 7.15 11.00 4.94 Australia 2.91 34.11 0.20 4.50 8.00 25.00 4.22 Canada 4.58 34.96 0.55 3.80 9.00 27.00 4.09 European Union 5/ 15.79 122.12 10.70 45.50 109.75 26.50 12.36 Russia 11.69 81.60 0.30 15.50 38.50 43.50 11.59 Ukraine 0.71 23.40 0.08 2.00 6.70 16.00 1.49 Major Importers 6/ 177.28 211.60 121.33 51.94 327.88 16.25 166.08 Bangladesh 1.08 1.10 6.50 0.28 7.78 0.00 0.91 Brazil 1.69 7.89 6.50 0.60 12.10 2.50 1.48 China 134.50 140.10 3.30 33.00 150.00 1.00 126.90 Japan 1.09 1.08 5.45 0.70 6.20 0.30 1.12 N. Africa 7/ 11.35 16.04 32.50 1.35 46.30 2.44 11.15 Nigeria 0.44 0.13 5.80 0.00 5.30 0.38 0.68 Sel. Mideast 8/ 12.53 23.56 17.60 2.92 39.78 0.73 13.19 Southeast Asia 9/ 4.42 0.00 30.08 10.30 28.93 1.29 4.28 Selected Other India 7.50 113.29 0.15 6.00 108.76 0.18 12.00 Kazakhstan 3.45 18.58 0.50 3.20 8.30 10.00 4.22 United Kingdom 3.26 10.95 3.80 6.83 14.83 0.48 2.71 ================================================================================ WASDE - 660 - 19 May 2025 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ Apr NA NA NA NA NA NA NA May 265.21 808.52 209.65 155.45 808.00 212.99 265.73 World Less China Apr NA NA NA NA NA NA NA May 138.31 666.52 203.65 122.45 658.00 211.99 141.83 United States Apr NA NA NA NA NA NA NA May 22.90 52.28 3.27 3.27 31.54 21.77 25.12 Total Foreign Apr NA NA NA NA NA NA NA May 242.31 756.24 206.39 152.19 776.45 191.21 240.61 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 38.68 329.00 10.66 72.90 180.75 158.50 39.09 Argentina Apr NA NA NA NA NA NA NA May 4.94 20.00 0.01 0.30 7.30 13.00 4.65 Australia Apr NA NA NA NA NA NA NA May 4.22 31.00 0.20 4.60 8.10 23.00 4.32 Canada Apr NA NA NA NA NA NA NA May 4.09 36.00 0.55 4.00 9.25 27.00 4.39 European Union 5/ Apr NA NA NA NA NA NA NA May 12.36 136.00 9.50 46.50 111.00 34.00 12.86 Russia Apr NA NA NA NA NA NA NA May 11.59 83.00 0.30 15.50 38.50 45.00 11.39 Ukraine Apr NA NA NA NA NA NA NA May 1.49 23.00 0.10 2.00 6.60 16.50 1.49 Major Importers 6/ Apr NA NA NA NA NA NA NA May 166.08 210.62 132.38 52.03 329.61 16.51 162.96 Bangladesh Apr NA NA NA NA NA NA NA May 0.91 1.00 7.00 0.30 8.00 0.00 0.91 Brazil Apr NA NA NA NA NA NA NA May 1.48 8.00 6.70 0.50 12.10 2.70 1.38 China Apr NA NA NA NA NA NA NA May 126.90 142.00 6.00 33.00 150.00 1.00 123.90 Japan Apr NA NA NA NA NA NA NA May 1.12 1.10 5.45 0.70 6.20 0.31 1.16 N. Africa 7/ Apr NA NA NA NA NA NA NA May 11.15 17.15 32.45 1.35 46.65 2.13 11.98 Nigeria Apr NA NA NA NA NA NA NA May 0.68 0.13 5.80 0.00 5.50 0.40 0.71 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 13.19 20.48 19.68 2.78 40.11 1.00 12.23 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.28 0.00 30.80 10.60 29.40 1.34 4.34 India Apr NA NA NA NA NA NA NA May 12.00 117.00 0.25 6.50 112.50 0.25 16.50 Kazakhstan Apr NA NA NA NA NA NA NA May 4.22 14.50 0.50 2.50 7.65 8.00 3.57 United Kingdom Apr NA NA NA NA NA NA NA May 2.71 13.00 3.00 7.20 15.50 0.60 2.61 ================================================================================ WASDE - 660 - 20 May 2025 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 337.53 1506.91 243.32 923.60 1497.39 237.28 347.06 World Less China 130.76 1209.53 195.22 677.80 1158.69 237.28 133.50 United States 37.14 402.88 2.65 150.94 330.35 64.45 47.87 Total Foreign 300.40 1104.03 240.67 772.67 1167.04 172.84 299.19 Major Exporters 4/ 30.57 322.41 6.91 137.39 195.12 142.24 22.54 Argentina 3.14 59.37 0.01 12.27 18.33 40.58 3.62 Australia 3.97 14.44 0.00 5.29 7.17 9.66 1.59 Brazil 10.77 124.81 2.64 67.85 90.63 38.37 9.22 Canada 3.72 27.52 2.95 16.27 24.44 6.08 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.78 0.01 7.77 10.20 32.02 1.52 Major Importers 5/ 37.42 231.30 145.20 273.25 360.71 14.67 38.54 European Union 6/ 16.53 137.04 22.11 110.21 148.71 11.52 15.46 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.68 28.83 25.48 30.80 53.37 0.03 6.58 N. Afr & Mideast 7/ 7.02 34.01 37.78 60.03 68.41 2.52 7.88 Saudi Arabia 1.40 0.27 7.00 6.92 7.25 0.00 1.41 Southeast Asia 8/ 2.89 30.65 19.82 38.24 49.59 0.60 3.18 South Korea 1.91 0.16 11.67 9.30 11.68 0.00 2.06 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 2024/25 Est. World 3/ 347.06 1502.05 220.71 939.80 1532.68 226.71 316.42 World Less China 133.50 1198.58 198.76 692.40 1192.98 226.69 117.18 United States 47.87 390.86 2.26 152.07 333.01 68.82 39.15 Total Foreign 299.19 1111.19 218.45 787.73 1199.67 157.89 277.27 Major Exporters 4/ 22.54 325.30 5.39 139.02 201.24 131.87 20.12 Argentina 3.62 59.10 0.01 12.89 19.20 39.90 3.62 Australia 1.59 17.30 0.00 5.34 7.21 9.71 1.96 Brazil 9.22 136.58 2.39 70.35 98.26 43.21 6.72 Canada 3.68 27.52 2.35 16.15 24.31 5.81 3.43 Russia 1.71 34.78 0.10 20.13 28.10 7.05 1.44 Ukraine 1.52 33.47 0.02 7.03 9.54 24.48 1.00 Major Importers 5/ 38.54 228.38 147.57 281.31 368.72 10.87 34.89 European Union 6/ 15.46 137.18 21.25 112.80 151.19 8.46 14.23 Japan 1.44 0.20 16.74 13.23 16.97 0.00 1.42 Mexico 6.58 28.47 25.83 31.83 54.51 0.03 6.34 N. Afr & Mideast 7/ 7.88 31.28 38.32 61.17 69.50 1.82 6.17 Saudi Arabia 1.41 0.27 8.51 8.42 8.76 0.00 1.43 Southeast Asia 8/ 3.18 30.71 20.86 40.05 51.41 0.56 2.77 South Korea 2.06 0.16 11.60 9.38 11.72 0.00 2.10 Selected Other China 213.55 303.47 21.95 247.40 339.70 0.03 199.25 ================================================================================ WASDE - 660 - 21 May 2025 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ Apr NA NA NA NA NA NA NA May 316.42 1549.52 228.49 960.91 1560.60 238.02 305.34 World Less China Apr NA NA NA NA NA NA NA May 117.18 1245.57 200.01 704.59 1211.98 237.99 122.32 United States Apr NA NA NA NA NA NA NA May 39.15 415.98 2.12 153.40 334.17 74.44 48.64 Total Foreign Apr NA NA NA NA NA NA NA May 277.27 1133.54 226.37 807.51 1226.44 163.58 256.70 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 20.12 334.62 5.32 142.08 205.53 137.12 17.42 Argentina Apr NA NA NA NA NA NA NA May 3.62 61.42 0.01 13.34 19.63 41.70 3.72 Australia Apr NA NA NA NA NA NA NA May 1.96 16.72 0.00 5.34 7.21 9.66 1.81 Brazil Apr NA NA NA NA NA NA NA May 6.72 137.62 2.47 71.50 100.44 43.09 3.29 Canada Apr NA NA NA NA NA NA NA May 3.43 27.06 2.59 16.30 24.21 5.59 3.28 Russia Apr NA NA NA NA NA NA NA May 1.44 37.73 0.10 21.40 29.73 7.58 1.96 Ukraine Apr NA NA NA NA NA NA NA May 1.00 37.04 0.01 6.98 9.42 27.58 1.05 Major Importers 5/ Apr NA NA NA NA NA NA NA May 34.89 234.70 150.91 286.08 373.83 11.45 35.22 European Union 6/ Apr NA NA NA NA NA NA NA May 14.23 141.03 21.73 113.90 152.79 10.09 14.11 Japan Apr NA NA NA NA NA NA NA May 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Mexico Apr NA NA NA NA NA NA NA May 6.34 29.69 26.08 32.93 55.76 0.03 6.32 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.17 31.89 39.38 61.81 70.29 0.72 6.43 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 2.77 31.31 22.18 41.68 52.53 0.61 3.12 South Korea Apr NA NA NA NA NA NA NA May 2.10 0.16 11.60 9.38 11.77 0.00 2.10 China Apr NA NA NA NA NA NA NA May 199.25 303.95 28.48 256.33 348.63 0.03 183.02 ================================================================================ WASDE - 660 - 22 May 2025 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 305.68 1230.52 198.21 769.07 1220.13 193.55 316.07 World Less China 99.64 941.68 174.80 544.07 913.13 193.55 104.78 United States 34.55 389.67 0.72 147.46 321.92 58.23 44.79 Total Foreign 271.13 840.85 197.49 621.61 898.21 135.33 271.27 Major Exporters 4/ 18.67 232.53 2.75 93.40 127.88 112.87 13.20 Argentina 2.32 51.00 0.01 10.40 14.60 36.26 2.48 Brazil 10.04 119.00 1.72 62.50 84.00 38.28 8.48 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.43 0.96 6.90 13.70 2.25 0.84 Ukraine 3.00 32.50 0.01 4.50 5.38 29.49 0.64 Major Importers 5/ 21.10 123.45 103.33 160.75 221.10 5.02 21.76 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.95 19.83 58.30 78.10 4.39 7.31 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.94 23.50 24.76 26.00 47.20 0.03 5.97 Southeast Asia 7/ 2.88 30.60 19.29 37.90 49.00 0.60 3.17 South Korea 1.90 0.09 11.55 9.25 11.50 0.00 2.04 Selected Other Canada 1.63 15.42 2.81 9.79 15.80 2.07 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 2024/25 Est. World 3/ 316.07 1221.28 183.53 781.92 1250.06 189.35 287.29 World Less China 104.78 926.37 175.53 547.92 934.06 189.33 89.10 United States 44.79 377.63 0.64 146.06 321.07 66.04 35.95 Total Foreign 271.27 843.65 182.89 635.86 928.99 123.31 251.34 Major Exporters 4/ 13.20 236.80 1.93 95.40 135.25 105.50 11.18 Argentina 2.48 50.00 0.01 10.20 14.60 35.50 2.38 Brazil 8.48 130.00 1.50 64.50 91.00 43.00 5.98 Russia 0.76 14.00 0.05 9.50 10.60 3.30 0.91 South Africa 0.84 16.00 0.35 7.00 13.90 1.70 1.59 Ukraine 0.64 26.80 0.02 4.20 5.15 22.00 0.31 Major Importers 5/ 21.76 120.48 104.85 163.80 224.16 2.99 19.95 Egypt 1.43 7.00 8.40 13.00 15.50 0.00 1.33 European Union 6/ 7.31 59.31 20.00 58.20 77.90 2.40 6.33 Japan 1.30 0.02 15.30 12.00 15.35 0.00 1.27 Mexico 5.97 23.30 25.00 27.20 48.50 0.03 5.74 Southeast Asia 7/ 3.17 30.66 20.25 39.65 50.76 0.56 2.76 South Korea 2.04 0.09 11.50 9.35 11.55 0.00 2.09 Selected Other Canada 2.00 15.35 2.20 9.60 15.40 2.20 1.94 China 211.29 294.92 8.00 234.00 316.00 0.02 198.18 ================================================================================ WASDE - 660 - 23 May 2025 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2025/26 Proj. World 3/ Apr NA NA NA NA NA NA NA May 287.29 1264.98 187.48 801.55 1274.43 195.81 277.84 World Less China Apr NA NA NA NA NA NA NA May 89.10 969.98 177.48 562.55 953.43 195.79 95.68 United States Apr NA NA NA NA NA NA NA May 35.95 401.85 0.64 149.87 324.75 67.95 45.73 Total Foreign Apr NA NA NA NA NA NA NA May 251.34 863.14 186.85 651.69 949.67 127.86 232.12 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 11.18 246.00 1.67 99.20 140.23 109.50 9.12 Argentina Apr NA NA NA NA NA NA NA May 2.38 53.00 0.01 11.20 15.60 37.00 2.79 Brazil Apr NA NA NA NA NA NA NA May 5.98 131.00 1.60 65.50 93.00 43.00 2.58 Russia Apr NA NA NA NA NA NA NA May 0.91 15.00 0.05 10.10 11.20 3.60 1.16 South Africa Apr NA NA NA NA NA NA NA May 1.59 16.50 0.00 7.10 14.20 1.90 1.99 Ukraine Apr NA NA NA NA NA NA NA May 0.31 30.50 0.01 5.30 6.23 24.00 0.60 Major Importers 5/ Apr NA NA NA NA NA NA NA May 19.95 123.23 107.30 166.25 226.70 3.64 20.13 Egypt Apr NA NA NA NA NA NA NA May 1.33 7.25 8.75 13.30 15.80 0.00 1.53 European Union 6/ Apr NA NA NA NA NA NA NA May 6.33 60.00 20.50 57.70 77.80 3.00 6.03 Japan Apr NA NA NA NA NA NA NA May 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Mexico Apr NA NA NA NA NA NA NA May 5.74 24.50 25.00 28.00 49.50 0.03 5.71 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 2.76 31.26 21.50 41.20 51.80 0.61 3.11 South Korea Apr NA NA NA NA NA NA NA May 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Canada Apr NA NA NA NA NA NA NA May 1.94 14.70 2.50 9.60 15.10 2.10 1.94 China Apr NA NA NA NA NA NA NA May 198.18 295.00 10.00 239.00 321.00 0.02 182.16 ================================================================================ WASDE - 660 - 24 May 2025 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 World 3/ 180.81 523.70 53.37 524.51 56.78 180.00 World Less China 74.21 379.08 51.84 376.39 55.14 77.00 United States 0.96 6.92 1.42 4.92 3.12 1.27 Total Foreign 179.85 516.77 51.96 519.59 53.66 178.73 Major Exporters 4/ 46.10 207.19 3.76 165.20 42.67 49.19 Burma 1.11 12.30 0.01 10.00 2.80 0.62 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.02 9.87 0.01 4.00 6.53 1.37 Thailand 4.35 20.00 0.05 12.30 9.89 2.21 Vietnam 3.62 27.20 3.70 22.50 9.04 2.99 Major Importers 5/ 121.72 237.07 20.79 258.84 2.02 118.71 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.37 2.11 3.25 0.36 0.70 Indonesia 4.70 33.02 4.65 36.20 0.00 6.17 Nigeria 2.23 5.61 1.89 7.55 0.00 2.17 Philippines 3.38 12.33 4.50 16.80 0.00 3.40 Sel. Mideast 7/ 1.22 2.02 4.63 6.58 0.00 1.30 Selected Other Brazil 0.62 7.20 0.96 7.10 0.97 0.71 C. Amer & Carib 8/ 0.61 1.40 1.85 3.25 0.06 0.55 Egypt 0.60 3.78 0.18 4.05 0.06 0.45 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.12 0.16 0.85 0.99 0.02 0.12 South Korea 1.43 3.70 0.40 4.19 0.13 1.21 2024/25 Est. World 3/ 180.00 537.72 57.38 532.61 61.41 185.11 World Less China 77.00 392.44 55.28 386.63 60.51 81.61 United States 1.27 7.05 1.52 5.40 3.02 1.43 Total Foreign 178.73 530.67 55.86 527.21 58.39 183.68 Major Exporters 4/ 49.19 216.15 4.06 170.35 46.80 52.24 Burma 0.62 11.90 0.01 10.10 1.50 0.93 India 42.00 147.00 0.00 121.00 24.50 43.50 Pakistan 1.37 9.75 0.00 4.10 5.90 1.12 Thailand 2.21 20.55 0.05 12.50 7.00 3.31 Vietnam 2.99 26.95 4.00 22.65 7.90 3.39 Major Importers 5/ 118.71 239.25 21.35 258.33 1.34 119.64 China 103.00 145.28 2.10 145.98 0.90 103.50 European Union 6/ 0.70 1.60 2.35 3.40 0.40 0.84 Indonesia 6.17 34.60 0.60 35.90 0.00 5.47 Nigeria 2.17 5.36 2.90 7.80 0.00 2.63 Philippines 3.40 12.00 5.55 17.30 0.00 3.65 Sel. Mideast 7/ 1.30 2.28 4.95 6.95 0.00 1.57 Selected Other Brazil 0.71 8.20 0.85 7.20 1.28 1.29 C. Amer & Carib 8/ 0.55 1.51 2.07 3.43 0.08 0.63 Egypt 0.45 3.90 0.18 4.10 0.05 0.38 Japan 1.60 7.29 0.70 8.10 0.09 1.40 Mexico 0.12 0.17 0.88 1.01 0.02 0.14 South Korea 1.21 3.59 0.41 3.88 0.17 1.15 ================================================================================ WASDE - 660 - 25 May 2025 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2025/26 Proj. World 3/ Apr NA NA NA NA NA NA May 185.11 538.71 58.59 538.75 60.81 185.07 World Less China Apr NA NA NA NA NA NA May 81.61 392.71 56.24 392.75 59.96 80.07 United States Apr NA NA NA NA NA NA May 1.43 6.96 1.56 5.46 2.99 1.51 Total Foreign Apr NA NA NA NA NA NA May 183.68 531.75 57.02 533.29 57.82 183.56 Major Exporters 4/ Apr NA NA NA NA NA NA May 52.24 216.50 4.16 174.80 46.10 51.99 Burma Apr NA NA NA NA NA NA May 0.93 12.00 0.01 10.20 1.50 1.23 India Apr NA NA NA NA NA NA May 43.50 148.00 0.00 125.00 24.00 42.50 Pakistan Apr NA NA NA NA NA NA May 1.12 9.80 0.00 4.20 5.50 1.22 Thailand Apr NA NA NA NA NA NA May 3.31 20.40 0.05 12.65 7.20 3.91 Vietnam Apr NA NA NA NA NA NA May 3.39 26.30 4.10 22.75 7.90 3.14 Major Importers 5/ Apr NA NA NA NA NA NA May 119.64 240.18 21.50 259.75 1.32 120.26 China Apr NA NA NA NA NA NA May 103.50 146.00 2.35 146.00 0.85 105.00 European Union 6/ Apr NA NA NA NA NA NA May 0.84 1.77 2.20 3.55 0.43 0.84 Indonesia Apr NA NA NA NA NA NA May 5.47 33.60 0.80 35.50 0.00 4.37 Nigeria Apr NA NA NA NA NA NA May 2.63 5.23 3.10 8.10 0.00 2.85 Philippines Apr NA NA NA NA NA NA May 3.65 12.30 5.40 17.70 0.00 3.65 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.57 2.23 5.05 7.20 0.00 1.65 Brazil Apr NA NA NA NA NA NA May 1.29 7.60 0.85 7.30 1.30 1.14 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.63 1.52 2.05 3.49 0.08 0.63 Egypt Apr NA NA NA NA NA NA May 0.38 3.90 0.18 4.15 0.05 0.25 Japan Apr NA NA NA NA NA NA May 1.40 7.28 0.69 8.00 0.10 1.27 Mexico Apr NA NA NA NA NA NA May 0.14 0.17 0.90 1.02 0.01 0.18 South Korea Apr NA NA NA NA NA NA May 1.15 3.54 0.41 3.81 0.20 1.09 ================================================================================ WASDE - 660 - 26 May 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 World 75.93 112.97 44.05 114.81 44.59 -0.21 73.77 World Less China 42.58 85.62 29.08 75.91 44.53 -0.21 37.05 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.28 100.91 44.05 112.96 32.84 -0.18 70.62 Major Exporters 4/ 27.31 57.96 1.63 34.37 28.28 -0.18 24.43 Central Asia 5/ 3.69 5.03 0.05 3.89 1.67 0.00 3.20 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.30 S. Hemis. 7/ 11.37 22.03 0.15 4.21 19.25 -0.18 10.27 Australia 4.81 5.00 3/ 0.00 5.74 -0.18 4.24 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.61 39.96 74.49 2.99 0.00 43.86 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.90 0.06 0.00 36.72 European Union 9/ 0.39 1.04 0.47 0.51 1.13 0.00 0.26 Turkey 2.63 3.19 3.57 6.60 1.39 0.00 1.40 Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85 Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40 Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09 Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71 Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03 2024/25 Est. World 73.77 121.07 42.48 116.68 42.45 -0.22 78.40 World Less China 37.05 89.07 36.48 79.68 42.35 -0.22 40.79 United States 3.15 14.41 0.01 1.70 11.10 -0.03 4.80 Total Foreign 70.62 106.66 42.47 114.98 31.35 -0.19 73.60 Major Exporters 4/ 24.43 60.10 3.52 34.84 27.09 -0.19 26.31 Central Asia 5/ 3.20 5.14 0.10 4.07 1.49 0.00 2.89 Afr. Fr. Zone 6/ 1.30 4.61 3/ 0.10 4.40 0.00 1.41 S. Hemis. 7/ 10.27 24.77 0.14 4.35 19.41 -0.19 11.62 Australia 4.24 5.60 3/ 0.00 5.30 -0.19 4.73 Brazil 3.11 17.00 0.01 3.30 12.90 0.00 3.92 India 9.30 25.00 2.60 25.50 1.40 0.00 10.00 Major Importers 8/ 43.86 43.18 36.13 75.58 2.70 0.00 44.89 Mexico 0.24 0.83 0.65 1.35 0.15 0.00 0.22 China 36.72 32.00 6.00 37.00 0.10 0.00 37.62 European Union 9/ 0.26 1.24 0.49 0.52 1.17 0.00 0.30 Turkey 1.40 3.95 4.30 7.10 1.20 0.00 1.35 Pakistan 1.85 5.00 5.80 10.60 0.05 0.00 2.00 Indonesia 0.40 3/ 1.90 1.90 0.02 0.00 0.38 Thailand 0.09 3/ 0.48 0.48 0.00 0.00 0.09 Bangladesh 1.71 0.15 8.20 8.30 0.00 0.00 1.76 Vietnam 1.03 3/ 7.70 7.70 0.00 0.00 1.04 ================================================================================ WASDE - 660 - 27 May 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2025/26 Proj. World Apr NA NA NA NA NA NA NA May 78.40 117.81 44.82 118.08 44.83 -0.25 78.38 World Less China Apr NA NA NA NA NA NA NA May 40.79 88.81 37.82 81.58 44.73 -0.25 41.36 United States Apr NA NA NA NA NA NA NA May 4.80 14.50 0.01 1.70 12.50 -0.10 5.20 Total Foreign Apr NA NA NA NA NA NA NA May 73.60 103.31 44.82 116.38 32.33 -0.15 73.18 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 26.31 59.74 4.05 35.63 28.32 -0.15 26.30 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.89 5.12 0.20 4.09 1.46 0.00 2.67 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.41 4.83 3/ 0.11 4.80 0.00 1.33 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 11.62 24.81 0.15 4.56 20.21 -0.15 11.95 Australia Apr NA NA NA NA NA NA NA May 4.73 4.10 3/ 0.00 4.90 -0.15 4.08 Brazil Apr NA NA NA NA NA NA NA May 3.92 18.25 0.01 3.50 14.00 0.00 4.67 India Apr NA NA NA NA NA NA NA May 10.00 24.50 3.00 26.00 1.50 0.00 10.00 Major Importers 8/ Apr NA NA NA NA NA NA NA May 44.89 40.24 37.73 76.02 2.47 0.00 44.37 Mexico Apr NA NA NA NA NA NA NA May 0.22 0.70 0.60 1.25 0.10 0.00 0.17 China Apr NA NA NA NA NA NA NA May 37.62 29.00 7.00 36.50 0.10 0.00 37.02 European Union 9/ Apr NA NA NA NA NA NA NA May 0.30 1.28 0.51 0.55 1.19 0.00 0.34 Turkey Apr NA NA NA NA NA NA NA May 1.35 3.60 5.00 7.50 1.00 0.00 1.45 Pakistan Apr NA NA NA NA NA NA NA May 2.00 5.50 5.00 10.60 0.05 0.00 1.85 Indonesia Apr NA NA NA NA NA NA NA May 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Thailand Apr NA NA NA NA NA NA NA May 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Bangladesh Apr NA NA NA NA NA NA NA May 1.76 0.15 8.50 8.50 0.00 0.00 1.92 Vietnam Apr NA NA NA NA NA NA NA May 1.04 3/ 8.00 8.00 0.00 0.00 1.04 ================================================================================ WASDE - 660 - 28 May 2025 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2023/24 World 2/ 101.78 396.93 178.13 331.03 383.85 177.69 115.30 World Less China 69.44 376.09 66.13 232.03 262.05 177.62 71.99 United States 7.19 113.27 0.57 62.20 65.58 46.13 9.32 Total Foreign 94.59 283.66 177.57 268.83 318.27 131.56 105.98 Major Exporters 3/ 54.28 217.00 8.68 94.14 105.49 120.02 54.46 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 154.50 0.87 54.40 58.25 104.17 29.76 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 35.03 24.57 144.11 126.74 157.15 0.35 46.20 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.26 2.81 13.46 14.50 16.00 0.25 1.28 Southeast Asia 5/ 0.68 0.47 9.09 4.35 9.40 0.02 0.83 Mexico 0.56 0.20 6.46 6.53 6.60 0.01 0.61 2024/25 Est. World 2/ 115.30 420.87 178.16 354.16 410.29 180.87 123.18 World Less China 71.99 400.22 70.16 250.16 282.39 180.77 79.22 United States 9.32 118.84 0.68 65.86 68.96 50.35 9.53 Total Foreign 105.98 302.03 177.48 288.29 341.33 130.52 113.65 Major Exporters 3/ 54.46 231.50 6.18 102.85 114.78 118.50 58.86 Argentina 24.05 49.00 6.00 42.60 50.10 4.20 24.75 Brazil 29.76 169.00 0.15 57.00 61.10 104.50 33.31 Paraguay 0.29 10.20 0.02 3.10 3.28 6.80 0.43 Major Importers 4/ 46.20 24.56 142.96 133.28 165.11 0.42 48.19 China 43.31 20.65 108.00 104.00 127.90 0.10 43.96 European Union 1.28 2.92 14.60 15.00 16.52 0.30 1.98 Southeast Asia 5/ 0.83 0.45 10.36 5.10 10.42 0.01 1.20 Mexico 0.61 0.27 6.70 6.65 6.74 0.01 0.84 2025/26 Proj. World 2/ Apr NA NA NA NA NA NA NA May 123.18 426.82 186.82 366.46 424.05 188.43 124.33 World Less China Apr NA NA NA NA NA NA NA May 79.22 405.82 74.82 258.46 291.05 188.33 80.47 United States Apr NA NA NA NA NA NA NA May 9.53 118.12 0.54 67.77 70.76 49.40 8.03 Total Foreign Apr NA NA NA NA NA NA NA May 113.65 308.70 186.28 298.70 353.29 139.04 116.30 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 58.86 237.60 7.38 104.27 116.42 127.00 60.42 Argentina Apr NA NA NA NA NA NA NA May 24.75 48.50 7.20 43.00 50.50 4.50 25.45 Brazil Apr NA NA NA NA NA NA NA May 33.31 175.00 0.15 58.00 62.30 112.00 34.16 Paraguay Apr NA NA NA NA NA NA NA May 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Major Importers 4/ Apr NA NA NA NA NA NA NA May 48.19 24.89 147.60 138.76 171.76 0.43 48.48 China Apr NA NA NA NA NA NA NA May 43.96 21.00 112.00 108.00 133.00 0.10 43.86 European Union Apr NA NA NA NA NA NA NA May 1.98 2.95 14.30 15.30 16.82 0.30 2.11 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 1.20 0.42 11.00 5.91 11.31 0.02 1.30 Mexico Apr NA NA NA NA NA NA NA May 0.84 0.27 7.00 7.00 7.09 0.01 1.01 ================================================================================ WASDE - 660 - 29 May 2025 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 14.30 259.58 69.79 254.70 74.20 14.76 World Less China 13.36 181.17 69.76 177.55 72.76 13.97 United States 0.34 49.08 0.62 35.02 14.61 0.41 Total Foreign 13.96 210.49 69.16 219.68 59.58 14.35 Major Exporters 3/ 6.52 79.14 0.05 30.58 49.58 5.56 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 4.03 41.57 0.02 20.00 22.72 2.89 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.61 21.78 38.58 58.79 0.87 2.30 European Union 0.47 11.46 16.54 26.94 0.65 0.87 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.95 3.39 18.29 21.25 0.22 1.16 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Est. World 2/ 14.76 278.11 76.32 271.82 79.72 17.66 World Less China 13.97 195.74 76.27 190.57 78.72 16.69 United States 0.41 51.98 0.57 36.76 15.79 0.41 Total Foreign 14.35 226.13 75.76 235.06 63.94 17.25 Major Exporters 3/ 5.56 86.02 0.07 31.73 53.60 6.32 Argentina 2.44 33.23 0.01 3.50 29.50 2.68 Brazil 2.89 43.99 0.01 20.50 23.00 3.39 India 0.22 8.80 0.05 7.73 1.10 0.25 Major Importers 4/ 2.30 22.99 42.16 63.26 1.04 3.14 European Union 0.87 11.85 18.40 29.24 0.70 1.18 Mexico 0.16 5.26 2.30 7.43 0.00 0.28 Southeast Asia 5/ 1.16 3.98 19.83 23.09 0.34 1.53 China 0.79 82.37 0.05 81.25 1.00 0.96 2025/26 Proj. World 2/ Apr NA NA NA NA NA NA May 17.66 287.63 77.40 283.37 80.93 18.39 World Less China Apr NA NA NA NA NA NA May 16.69 202.09 77.35 199.22 79.73 17.19 United States Apr NA NA NA NA NA NA May 0.41 53.25 0.59 37.49 16.33 0.43 Total Foreign Apr NA NA NA NA NA NA May 17.25 234.38 76.81 245.88 64.60 17.96 Major Exporters 3/ Apr NA NA NA NA NA NA May 6.32 87.40 0.07 33.10 54.30 6.38 Argentina Apr NA NA NA NA NA NA May 2.68 33.54 0.01 3.60 30.00 2.63 Brazil Apr NA NA NA NA NA NA May 3.39 44.78 0.01 21.50 23.20 3.47 India Apr NA NA NA NA NA NA May 0.25 9.08 0.05 8.00 1.10 0.28 Major Importers 4/ Apr NA NA NA NA NA NA May 3.14 24.14 41.60 64.64 0.88 3.36 European Union Apr NA NA NA NA NA NA May 1.18 12.09 16.90 28.54 0.60 1.02 Mexico Apr NA NA NA NA NA NA May 0.28 5.53 2.40 7.88 0.00 0.34 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.53 4.60 20.50 24.51 0.28 1.85 China Apr NA NA NA NA NA NA May 0.96 85.54 0.05 84.15 1.20 1.20 ================================================================================ WASDE - 660 - 30 May 2025 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 5.88 63.97 10.59 62.92 11.81 5.70 World Less China 4.86 45.16 10.21 44.02 11.71 4.51 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 5.15 51.68 10.31 50.60 11.53 5.00 Major Exporters 3/ 1.97 21.63 0.67 14.68 8.04 1.55 Argentina 0.72 7.25 0.00 1.77 5.53 0.67 Brazil 0.59 11.06 0.08 10.20 1.35 0.18 European Union 0.57 2.76 0.59 2.63 0.66 0.62 Major Importers 4/ 1.93 22.14 5.41 26.98 0.26 2.24 China 1.01 18.81 0.38 18.90 0.10 1.20 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.30 0.93 1.15 1.97 0.14 0.27 2024/25 Est. World 2/ 5.70 68.57 13.34 67.38 14.18 6.06 World Less China 4.51 48.81 13.04 47.08 13.98 5.30 United States 0.70 13.06 0.23 12.25 1.09 0.66 Total Foreign 5.00 55.50 13.11 55.13 13.09 5.40 Major Exporters 3/ 1.55 23.52 0.70 14.80 9.40 1.56 Argentina 0.67 8.50 0.01 1.97 6.55 0.65 Brazil 0.18 11.58 0.04 10.10 1.40 0.30 European Union 0.62 2.85 0.65 2.66 0.90 0.57 Major Importers 4/ 2.24 23.20 7.58 30.33 0.30 2.38 China 1.20 19.76 0.30 20.30 0.20 0.76 India 0.75 1.98 5.10 6.62 0.02 1.20 North Africa 5/ 0.27 1.06 1.33 2.23 0.08 0.34 2025/26 Proj. World 2/ Apr NA NA NA NA NA NA May 6.06 70.77 12.58 69.22 13.74 6.45 World Less China Apr NA NA NA NA NA NA May 5.30 50.25 12.18 48.42 13.64 5.67 United States Apr NA NA NA NA NA NA May 0.66 13.33 0.14 12.66 0.77 0.69 Total Foreign Apr NA NA NA NA NA NA May 5.40 57.44 12.45 56.57 12.97 5.76 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.56 23.86 0.70 15.11 9.34 1.67 Argentina Apr NA NA NA NA NA NA May 0.65 8.58 0.01 1.97 6.60 0.67 Brazil Apr NA NA NA NA NA NA May 0.30 11.79 0.04 10.35 1.40 0.37 European Union Apr NA NA NA NA NA NA May 0.57 2.91 0.65 2.71 0.85 0.57 Major Importers 4/ Apr NA NA NA NA NA NA May 2.38 24.26 7.07 30.98 0.25 2.49 China Apr NA NA NA NA NA NA May 0.76 20.52 0.40 20.80 0.10 0.78 India Apr NA NA NA NA NA NA May 1.20 2.04 4.60 6.55 0.02 1.28 North Africa 5/ Apr NA NA NA NA NA NA May 0.34 1.26 1.32 2.44 0.13 0.36 ================================================================================ WASDE - 660 - 31 May 2025 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2024 II 6762 6713 13518 11654 1306 13106 26624 2234 57.3 III 6782 6776 13600 12004 1282 13435 27035 2245 56.1 IV 6882 7207 14133 11905 1264 13302 27435 2269 55.5 Annual 26984 27789 54947 46994 5121 52677 107625 9017 225.9 2025 I 6543 6956 13540 11562 1147 12827 26368 2115 56.7 II* 6545 6760 13346 11800 1210 13140 26486 2135 58.0 III* 6685 6880 13605 12100 1240 13480 27085 2225 56.5 IV* 6650 7400 14092 12050 1265 13450 27542 2320 56.0 AprProj. 26700 28075 54939 47775 4890 53215 108154 8830 226.9 MayProj. 26423 27996 54583 47512 4862 52897 107481 8795 227.3 2026 I* 6220 6980 13239 11800 1215 13145 26384 2280 57.0 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 25140 28370 53670 48100 5040 53685 107355 9320 227.9 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2024 II 188.42 67.33 132.1 95.7 227.1 21.77 III 189.26 65.67 127.4 93.3 317.2 23.97 IV 189.75 62.89 130.0 93.6 409.5 24.23 Annual 187.12 63.41 129.4 93.7 303.1 22.61 2025 I 205.02 63.59 130.8 94.8 675.3 23.23 II* 217.00 68.00 136.0 108.0 345.0 20.90 III* 216.00 71.00 133.0 112.0 290.0 20.50 IV* 220.00 60.00 133.0 113.0 315.0 21.80 AprProj. 205.51 NA 132.5 100.0 393.8 21.10 MayProj. 214.51 65.65 133.2 107.0 406.3 21.60 2026 I* 222.00 62.00 133.0 105.0 250.0 21.30 AprProj. NA NA NA NA NA NA MayProj. 223 64 135 110 216 21.15 ================================================================================ WASDE - 660 - 32 May 2025 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2024 638 27051 4635 32324 3003 602 28718 59.1 2025 Proj. Apr 602 26767 4860 32229 2685 580 28964 59.2 May 602 26490 5072 32163 2663 585 28915 59.1 2026 Proj. Apr NA NA NA NA NA NA NA NA May 585 25207 4975 30767 2495 560 27712 56.4 Pork 2024 471 27804 1148 29422 7115 435 21872 49.9 2025 Proj. Apr 435 28090 1105 29631 6955 425 22251 50.4 May 435 28011 1090 29536 7058 425 22053 50.0 2026 Proj. Apr NA NA NA NA NA NA NA NA May 425 28384 1140 29949 7140 435 22374 50.5 TotalRed Meat5/ 2024 1130 55038 6148 62316 10123 1058 51135 110.4 2025 Proj. Apr 1058 55030 6320 62408 9645 1026 51737 111.0 May 1058 54674 6505 62237 9726 1031 51480 110.4 2026 Proj. Apr NA NA NA NA NA NA NA NA May 1031 53761 6460 61251 9640 1016 50595 108.2 Broiler 2024 835 46491 150 47475 6724 761 39990 101.0 2025 Proj. Apr 761 47264 145 48170 6475 770 40925 102.7 May 761 47003 144 47908 6578 775 40555 101.8 2026 Proj. Apr NA NA NA NA NA NA NA NA May 775 47585 140 48500 6670 780 41050 102.6 Turkey 2024 243 5121 37 5401 486 219 4696 13.8 2025 Proj. Apr 219 4890 28 5137 425 200 4512 13.2 May 219 4862 31 5112 420 200 4491 13.1 2026 Proj. Apr NA NA NA NA NA NA NA NA May 200 5040 28 5268 435 210 4623 13.4 Total Poultry6/ 2024 1085 52174 190 53449 7231 985 45234 116.4 2025 Proj. Apr 985 52703 175 53863 6921 976 45966 117.4 May 985 52388 176 53550 7023 980 45546 116.4 2026 Proj. Apr NA NA NA NA NA NA NA NA May 980 53170 172 54322 7129 996 46197 117.5 RedMeat& Poultry 2024 2215 107212 6338 115765 17354 2043 96368 226.8 2025 Proj. Apr 2043 107733 6495 116271 16566 2002 97703 228.4 May 2043 107063 6681 115787 16749 2011 97027 226.8 2026 Proj. Apr NA NA NA NA NA NA NA NA May 2011 106930 6632 115573 16769 2012 96792 225.8 ================================================================================ WASDE - 660 - 33 May 2025 U.S. Egg Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 18.8 23.1 14.2 14.2 NA 19.0 Production 9150.3 9016.6 8830.0 8795.4 NA 9320.0 Imports 27.5 30.1 75.0 103.7 NA 80.0 Total Supply 9196.5 9069.8 8919.2 8913.4 NA 9419.0 Use Exports 250.5 234.4 188.0 202.2 NA 220.0 Hatching Use 1120.4 1148.2 1155.0 1157.6 NA 1160.0 Ending Stocks 23.1 14.2 19.0 19.0 NA 22.0 Disappearance Total 7802.5 7673.0 7557.2 7534.5 NA 8017.0 Per Capita (number) 277.7 270.6 264.9 264.1 NA 279.8 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 226.3 225.9 226.9 227.3 NA 227.9 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 FatBasisSupply BeginningStocks 14.4 13.8 13.1 13.1 NA 12.6 Marketings 225.3 224.9 225.9 226.3 NA 226.9 Imports 7.3 9.1 8.5 8.3 NA 8.7 Total Supply 247.1 247.8 247.5 247.7 NA 248.2 FatBasisUse Exports 10.5 11.8 11.8 12.2 NA 11.8 Ending Stocks 13.8 13.1 12.6 12.6 NA 12.2 Domestic Use 222.8 222.9 223.1 222.9 NA 224.2 Skim-solidBasisSupply BeginningStocks 11.7 9.8 10.0 9.4 NA 11.5 Marketings 225.3 224.9 225.9 226.3 NA 226.9 Imports 6.3 6.8 6.7 6.7 NA 6.8 Total Supply 243.3 241.5 242.7 242.4 NA 245.2 Skim-solidBasisUse Exports 49.9 48.8 44.6 45.4 NA 46.9 Ending Stocks 9.8 9.4 10.8 11.5 NA 11.0 Domestic Use 183.6 183.3 187.3 185.6 NA 187.4 ================================================================================ WASDE - 660 - 34 May 2025 U.S. Dairy Prices ================================================================================ Commod- 2023 2024 2025 Proj. 2025 Proj. 2026 Proj. 2026 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.7593 1.8634 1.790 1.840 NA 1.800 Butter 2.6170 2.8870 2.445 2.460 NA 2.450 Nonfat Dry Milk 1.1856 1.2420 1.220 1.240 NA 1.215 Dry Whey 0.3618 0.4913 0.510 0.535 NA 0.470 Milk Prices 2/ Dollars Per Cwt ClassIII 17.02 18.89 17.60 18.70 NA 17.50 Class IV 19.12 20.75 18.20 18.45 NA 18.10 All Milk 3/ 20.34 22.61 21.10 21.60 NA 21.15 ================================================================================ WASDE - 660 - 35 May 2025 Reliability of May Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 3.0 5.0 15.4 1.3 35.0 25 19 U.S. 6.8 11.5 3.0 0.0 9.8 23 21 Foreign 3.1 5.2 14.5 1.6 32.9 24 20 Exports World 5.8 9.7 6.1 0.1 17.6 29 15 U.S. 11.9 20.1 2.8 0.0 10.2 24 18 Foreign 6.7 11.2 5.8 0.4 17.8 31 13 Domestic Use World 2.1 3.6 10.2 0.3 28.3 29 15 U.S. 6.9 11.6 1.7 0.1 6.4 22 22 Foreign 2.1 3.6 9.8 0.2 28.0 30 14 Ending Stocks World 9.5 16.1 11.9 0.2 35.9 25 19 U.S. 19.9 33.6 3.5 0.1 14.1 24 20 Foreign 9.7 16.3 10.2 1.4 31.0 25 19 COARSE GRAINS 2/ Production World 3.5 5.9 25.9 1.1 103.6 20 24 U.S. 13.3 22.4 20.2 0.9 103.8 23 21 Foreign 2.6 4.4 14.2 0.2 42.8 20 24 Exports World 7.3 12.2 7.7 1.2 20.9 30 14 U.S. 26.7 44.9 8.3 0.1 29.5 21 23 Foreign 12.9 21.7 6.5 0.3 20.8 30 14 Domestic Use World 1.9 3.3 15.2 0.4 68.4 23 21 U.S. 5.6 9.5 7.7 0.2 38.4 27 17 Foreign 2.0 3.4 12.2 0.2 32.8 22 22 Ending Stocks World 20.1 33.8 24.8 2.6 155.8 26 18 U.S. 55.8 94.0 16.4 0.9 57.6 19 25 Foreign 17.5 29.5 14.0 0.0 145.0 29 15 RICE, milled Production World 2.3 3.9 6.8 0.0 21.8 26 18 U.S. 8.1 13.6 0.4 0.0 1.1 24 20 Foreign 2.3 3.9 6.8 0.4 22.0 26 18 Exports World 9.5 16.1 2.0 0.1 7.5 32 12 U.S. 12.6 21.3 0.3 0.0 1.0 20 19 Foreign 10.3 17.3 2.0 0.2 7.1 32 12 Domestic Use World 1.8 3.0 4.6 0.0 19.4 29 15 U.S. 9.1 15.3 0.2 0.0 0.7 18 25 Foreign 1.8 3.0 4.6 0.2 20.0 30 14 Ending Stocks World 13.6 23.0 6.9 0.1 26.7 30 14 U.S. 34.4 58.0 0.3 0.0 0.9 22 20 Foreign 14.9 25.0 7.0 0.1 26.3 30 14 ================================================================================ WASDE - 660 - 36 May 2025 Reliability of May Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World NA NA 12.7 0.4 34.8 7 9 U.S. 8.8 14.8 4.9 0.0 16.1 22 22 Foreign NA NA 8.2 0.2 35.6 9 7 Exports World NA NA 5.7 0.4 17.6 12 4 U.S. 15.1 25.4 3.4 0.0 11.3 22 20 Foreign NA NA 4.8 0.7 18.7 13 3 Domestic Use World NA NA 7.9 1.2 18.9 7 9 U.S. 5.9 10.0 1.8 0.0 7.5 25 19 Foreign NA NA 7.4 0.2 18.6 7 9 Ending Stocks World NA NA 8.7 0.7 20.7 7 9 U.S. 69.0 116.2 3.3 0.2 13.3 15 29 Foreign NA NA 6.2 0.1 15.7 9 7 COTTON Production World 6.0 10.0 4.3 0.1 16.7 25 19 U.S. 12.6 21.2 1.7 0.1 5.5 20 24 Foreign 6.0 10.0 3.2 0.1 12.2 24 20 Exports World 10.3 17.3 2.3 0.1 12.4 25 19 U.S. 28.1 47.3 1.4 0.1 3.9 24 20 Foreign 13.0 21.9 1.7 0.1 10.4 24 20 Domestic Use World 5.0 8.4 3.5 0.1 17.2 17 27 U.S. 11.1 18.6 0.5 0.0 1.4 18 25 Foreign 5.0 8.4 3.4 0.0 16.6 19 25 Ending Stocks World 17.0 28.6 6.7 1.0 18.1 27 17 U.S. 43.6 73.4 1.5 0.0 4.3 21 23 Foreign 16.2 27.2 5.7 0.1 17.2 27 17 ================================================================================ WASDE - 660 - 37 May 2025 Reliability of United States May Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 14.1 23.8 723 7 4010 20 24 Exports 27.7 46.6 303 0 1100 21 21 Domestic Use 6.0 10.1 299 11 1538 28 16 Ending Stocks 66.0 111.2 592 18 2091 19 25 SORGHUM Production 24.6 41.4 83 0 228 21 22 Exports 53.1 89.4 53 0 195 21 22 Domestic Use 28.9 48.6 55 0 162 19 24 Ending Stocks 67.0 112.8 44 1 238 18 26 BARLEY Production 14.6 24.6 26 1 206 17 27 Exports 76.5 128.8 13 0 92 23 17 Domestic Use 11.3 19.0 27 0 95 20 23 Ending Stocks 22.5 37.9 22 0 78 18 25 OATS Production 24.9 42.0 28 1 231 10 34 Exports 104.3 175.7 1 0 8 11 12 Domestic Use 10.8 18.3 19 0 160 14 29 Ending Stocks 33.6 56.6 15 0 77 14 26 Thousand Short Tons SOYBEAN MEAL Production 5.3 9.0 1211 0 5344 27 16 Exports 16.7 28.2 925 0 2750 26 17 Domestic Use 4.2 7.1 812 24 4950 24 20 Ending Stocks 40.3 67.9 55 0 388 12 19 Million Pounds SOYBEAN OIL Production 5.1 8.6 608 18 2500 30 14 Exports 45.8 77.2 508 25 1800 25 19 Domestic Use 3.9 6.6 482 8 1800 26 18 Ending Stocks 34.9 58.7 436 24 1702 26 18 ANIMAL PROD. 3/ Million Pounds Beef 3.9 6.6 764 40 2727 22 9 Pork 3.2 5.4 515 5 1722 18 12 Broilers 2.3 3.9 660 75 1640 14 17 Turkeys 4.2 7.1 180 2 500 12 19 Million Dozen Eggs 2.4 4.0 146 2 650 17 14 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 18 ================================================================================