WASDE - 573 - 8 January 2018 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/ 2015/16 2468.53 3061.44 376.64 2434.65 626.79 2016/17 (Est.) 2603.58 3230.37 430.99 2577.77 652.60 2017/18 (Proj.) Dec 2562.59 3218.33 415.98 2576.95 641.38 Jan 2565.94 3218.54 415.58 2575.68 642.86 Wheat 2015/16 735.31 953.26 172.84 711.58 241.67 2016/17 (Est.) 750.44 992.12 183.36 739.40 252.72 2017/18 (Proj.) Dec 755.21 1010.53 182.15 742.12 268.42 Jan 757.01 1009.72 180.85 741.70 268.02 Coarse Grains 5/ 2015/16 1260.26 1507.43 163.46 1254.95 252.48 2016/17 (Est.) 1366.06 1618.55 201.63 1356.77 261.77 2017/18 (Proj.) Dec 1323.92 1586.31 188.51 1354.07 232.24 Jan 1324.22 1586.00 188.91 1352.23 233.77 Rice, milled 2015/16 472.96 600.75 40.34 468.11 132.63 2016/17 (Est.) 487.08 619.71 46.01 481.60 138.11 2017/18 (Proj.) Dec 483.47 621.48 45.32 480.76 140.73 Jan 484.71 622.82 45.82 481.75 141.08 United States Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 2017/18 (Proj.) Dec 436.41 540.65 85.45 363.85 91.35 Jan 437.29 541.63 85.36 363.10 93.17 Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 2017/18 (Proj.) Dec 47.37 83.59 26.54 30.92 26.13 Jan 47.37 83.72 26.54 30.26 26.92 Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 2017/18 (Proj.) Dec 383.37 449.16 55.65 329.28 64.23 Jan 384.26 450.00 55.65 329.03 65.33 Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 2017/18 (Proj.) Dec 5.66 7.90 3.27 3.65 0.98 Jan 5.66 7.91 3.18 3.81 0.93 ================================================================================ WASDE - 573 - 9 January 2018 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/ 2015/16 2039.27 2555.44 294.90 2086.53 550.65 2016/17 (Est.) 2131.02 2674.28 334.07 2214.36 556.84 2017/18 (Proj.) Dec 2126.18 2677.68 330.53 2213.10 550.03 Jan 2128.65 2676.91 330.23 2212.58 549.69 Wheat 2015/16 679.19 873.60 151.67 679.64 215.12 2016/17 (Est.) 687.61 899.52 154.65 707.65 220.59 2017/18 (Proj.) Dec 707.84 926.95 155.61 711.20 242.28 Jan 709.64 926.00 154.31 711.44 241.10 Coarse Grains 5/ 2015/16 893.25 1089.54 106.28 942.36 204.37 2016/17 (Est.) 963.45 1164.39 137.13 1029.29 199.61 2017/18 (Proj.) Dec 940.54 1137.15 132.87 1024.79 168.01 Jan 939.97 1136.00 133.27 1023.20 168.44 Rice, milled 2015/16 466.83 592.30 36.95 464.54 131.16 2016/17 (Est.) 479.96 610.37 42.30 477.43 136.65 2017/18 (Proj.) Dec 477.81 613.58 42.05 477.10 139.74 Jan 479.05 614.91 42.65 477.94 140.15 ================================================================================ 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 2015/16 96.15 207.30 35.13 112.26 95.35 2016/17 (Est.) 106.56 201.91 37.24 114.77 87.64 2017/18 (Proj.) Dec 119.96 207.61 38.46 119.59 88.00 Jan 120.97 208.60 38.38 120.83 87.79 United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 2017/18 (Proj.) Dec 21.44 24.20 14.80 3.35 5.80 Jan 21.26 24.02 14.80 3.35 5.70 Foreign 4/ 2015/16 83.26 190.73 25.98 108.81 91.55 2016/17 (Est.) 89.39 180.93 22.33 111.52 84.89 2017/18 (Proj.) Dec 98.52 183.41 23.66 116.24 82.20 Jan 99.70 184.58 23.58 117.48 82.09 ================================================================================ WASDE - 573 - 10 January 2018 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 2015/16 520.87 614.24 153.30 445.86 90.68 2016/17 (Est.) 573.63 664.31 170.48 469.59 108.34 2017/18 (Proj.) Dec 579.54 687.95 176.33 488.58 110.80 Jan 580.08 688.42 175.97 488.49 111.18 Oilmeals 2015/16 306.11 323.49 86.89 303.51 16.32 2016/17 (Est.) 321.50 337.81 88.38 317.58 15.84 2017/18 (Proj.) Dec 334.81 350.76 91.33 331.58 15.32 Jan 334.55 350.39 91.16 331.15 15.25 Vegetable Oils 2015/16 176.73 201.11 73.48 177.45 20.83 2016/17 (Est.) 188.67 209.50 80.61 183.87 19.30 2017/18 (Proj.) Dec 196.88 216.41 81.41 189.94 20.72 Jan 196.85 216.15 81.02 190.34 20.55 United States Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.60 2017/18 (Proj.) Dec 132.16 143.31 61.81 57.69 13.90 Jan 131.31 142.40 60.04 57.96 14.57 Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.08 47.28 10.83 36.04 0.41 2017/18 (Proj.) Dec 44.49 48.92 11.41 37.19 0.33 Jan 44.47 48.76 11.41 37.03 0.33 Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.44 17.37 1.42 14.73 1.23 2017/18 (Proj.) Dec 11.65 17.82 1.13 15.57 1.12 Jan 11.67 17.81 1.12 15.60 1.09 Foreign 3/ Oilseeds 2015/16 404.99 490.48 99.34 390.81 83.81 2016/17 (Est.) 446.69 529.01 110.20 413.35 98.74 2017/18 (Proj.) Dec 447.39 544.64 114.52 430.89 96.90 Jan 448.77 546.02 115.93 430.53 96.61 Oilmeals 2015/16 263.34 276.34 75.71 267.82 16.04 2016/17 (Est.) 278.41 290.53 77.55 281.54 15.43 2017/18 (Proj.) Dec 290.32 301.84 79.92 294.39 14.99 Jan 290.08 301.62 79.76 294.12 14.93 Vegetable Oils 2015/16 165.52 184.09 72.23 162.87 19.62 2016/17 (Est.) 177.23 192.13 79.20 169.15 18.07 2017/18 (Proj.) Dec 185.23 198.59 80.28 174.38 19.59 Jan 185.18 198.34 79.90 174.74 19.46 ================================================================================ WASDE - 573 - 11 January 2018 U.S. Wheat Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1181 1181 Production 2062 2309 1741 1741 Imports 113 118 150 155 Supply, Total 2927 3402 3071 3076 Food 957 949 950 950 Seed 67 61 66 62 Feed and Residual 149 156 120 100 Domestic, Total 1174 1167 1136 1112 Exports 778 1055 975 975 Use, Total 1951 2222 2111 2087 Ending Stocks 976 1181 960 989 Avg.FarmPrice ($/bu) 2/ 4.89 3.89 4.50-4.70 4.50-4.70 ================================================================================ 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 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1082 491 345 286 104 2309 Supply, Total 3/ 1533 805 535 368 162 3402 Domestic Use 489 249 228 99 101 1167 Exports 455 321 92 163 24 1055 Use, Total 943 570 320 263 126 2222 Ending Stocks, Total 589 235 215 105 36 1181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1181 Production 750 385 292 258 55 1741 Supply, Total 3/ 1346 695 527 370 138 3076 Domestic Use 457 272 206 94 83 1112 Exports 405 245 90 215 20 975 Use, Total 862 517 296 309 103 2087 Ending Stocks, Total Jan 484 178 231 61 35 989 Dec 470 167 230 65 28 960 ================================================================================ WASDE - 573 - 12 January 2018 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Acres FEED GRAINS Area Planted 103.2 106.6 101.2 100.9 Area Harvested 93.0 96.5 90.9 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.21 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.2 62.1 Production 366.7 402.3 383.1 384.0 Imports 3.7 3.3 3.4 3.4 Supply, Total 417.4 453.6 448.7 449.5 Feed and Residual 135.2 144.4 145.5 145.0 Food, Seed & Industrial 176.9 182.5 183.4 183.6 Domestic, Total 312.1 327.0 328.8 328.6 Exports 57.2 64.5 55.6 55.6 Use, Total 369.3 391.5 384.5 384.2 Ending Stocks 48.1 62.1 64.2 65.3 Million Acres CORN Area Planted 88.0 94.0 90.4 90.2 Area Harvested 80.8 86.7 83.1 82.7 Bushels Yield per Harvested Acre 168.4 174.6 175.4 176.6 Million Bushels Beginning Stocks 1731 1737 2295 2293 Production 13602 15148 14578 14604 Imports 68 57 50 50 Supply, Total 15401 16942 16922 16947 Feed and Residual 5114 5467 5575 5550 Food,Seed& Industrial 2/ 6648 6889 6985 6995 Ethanol & by-products 3/ 5224 5439 5525 5525 Domestic, Total 11763 12356 12560 12545 Exports 1901 2293 1925 1925 Use, Total 13664 14649 14485 14470 Ending Stocks 1737 2293 2437 2477 Avg.FarmPrice ($/bu) 4/ 3.61 3.36 2.85-3.55 2.95-3.55 ================================================================================ WASDE - 573 - 13 January 2018 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 8.5 6.7 5.7 5.6 AreaHarvested(mil.acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 70.4 72.1 Beginning Stocks 18 37 34 33 Production 597 480 356 364 Imports 5 2 2 2 Supply, Total 620 519 391 399 Feed and Residual 107 130 60 65 Food, Seed & Industrial 137 115 50 50 Total Domestic 244 245 110 115 Exports 340 241 260 260 Use, Total 583 485 370 375 Ending Stocks 37 33 21 24 Avg.FarmPrice ($/bu) 2/ 3.31 2.79 2.75-3.45 2.85-3.45 BARLEY AreaPlanted (mil. acres) 3.6 3.1 2.5 2.5 AreaHarvested(mil.acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 5 Use, Total 213 205 202 202 Ending Stocks 102 106 61 61 Avg.FarmPrice ($/bu) 2/ 5.52 4.96 4.10-4.90 4.15-4.85 OATS AreaPlanted (mil. acres) 3.1 2.8 2.6 2.6 AreaHarvested(mil.acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg.FarmPrice ($/bu) 2/ 2.12 2.06 2.30-2.70 2.35-2.65 ================================================================================ WASDE - 573 - 14 January 2018 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Acres TOTAL Area Planted 2.63 3.15 2.49 2.46 Area Harvested 2.59 3.10 2.39 2.37 Pounds Yield per Harvested Acre 7472 7237 7461 7507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.4 178.2 Imports 24.1 23.5 24.5 24.9 Supply, Total 265.8 294.1 248.9 249.2 Domestic & Residual 3/ 112.4 131.4 115.0 120.0 Exports, Total 4/ 107.0 116.7 103.0 100.0 Rough 39.3 42.5 36.0 34.0 Milled (rough equiv.) 67.7 74.2 67.0 66.0 Use, Total 219.3 248.0 218.0 220.0 Ending Stocks 46.5 46.0 30.9 29.2 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 12.20 10.40 12.30-13.30 12.10-13.10 LONG GRAIN Harvested Acres (mil.) 1.85 2.40 1.75 Yield (pounds/acre) 7219 6927 7314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 126.1 127.9 Supply, Total 7/ 180.7 209.4 178.5 180.4 Domestic & Residual 3/ 82.1 99.7 88.0 93.0 Exports 8/ 75.9 78.7 74.0 71.0 Use, Total 158.0 178.4 162.0 164.0 Ending Stocks 22.7 31.0 16.5 16.4 Avg.FarmPrice($/cwt) 6/ 11.20 9.64 11.60-12.60 11.30-12.30 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.74 0.69 0.63 Yield (pounds/acre) 8107 8311 8048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.2 50.4 Supply, Total 7/ 82.2 81.1 66.9 65.3 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 29.0 29.0 Use, Total 61.3 69.6 56.0 56.0 Ending Stocks 20.9 11.5 10.9 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.90 14.20-15.20 14.50-15.50 California 10/ 18.10 13.70 15.00-16.00 15.50-16.50 Other States 1/ 11.20 10.10 11.80-12.80 11.50-12.50 ================================================================================ WASDE - 573 - 15 January 2018 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Acres SOYBEANS Area Planted 82.7 83.4 90.2 90.1 Area Harvested 81.7 82.7 89.5 89.5 Bushels Yield per Harvested Acre 48.0 52.0 49.5 49.1 Million Bushels Beginning Stocks 191 197 301 302 Production 3926 4296 4425 4392 Imports 24 22 25 25 Supply, Total 4140 4515 4752 4718 Crushings 1886 1899 1940 1950 Exports 1942 2174 2225 2160 Seed 97 105 106 106 Residual 18 36 35 33 Use, Total 3944 4213 4306 4248 Ending Stocks 197 302 445 470 Avg.FarmPrice ($/bu) 2/ 8.95 9.47 8.60-10.00 8.80-9.80 Million Pounds SOYBEAN OIL Beginning Stocks 1855 1687 1711 1711 Production 4/ 21950 22099 22505 22525 Imports 287 319 300 300 Supply, Total 24092 24104 24516 24536 Domestic Disappearance 20162 19837 21000 21100 Biodiesel 3/ 5670 6200 7500 7500 Food, Feed & other Industrial 14492 13637 13500 13600 Exports 2243 2556 1900 1900 Use, Total 22405 22393 22900 23000 Ending stocks 1687 1711 1616 1536 Avg. Price (c/lb) 2/ 29.86 32.48 32.50-36.50 32.00-35.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 260 264 401 401 Production 4/ 44672 44733 46099 46099 Imports 403 349 300 300 Supply, Total 45336 45347 46800 46800 Domestic Disappearance 33118 33345 34300 34300 Exports 11954 11601 12200 12200 Use, Total 45072 44946 46500 46500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 295.00-335.00 295.00-335.00 ================================================================================ WASDE - 573 - 16 January 2018 U.S. Sugar Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1815 2054 1836 1851 Production 2/ 8989 8969 9245 9312 Beet Sugar 5119 5103 5359 5257 Cane Sugar 3870 3866 3886 4055 Florida 2173 2055 2036 2075 Hawaii 152 43 0 0 Louisiana 1428 1628 1690 1820 Texas 116 140 160 160 Imports 3341 3244 3326 3316 TRQ 3/ 1620 1611 1798 1788 Other Program 4/ 396 419 250 250 Other 5/ 1325 1213 1278 1278 Mexico 1309 1201 1268 1268 Total Supply 14145 14267 14407 14479 Exports 74 95 50 100 Deliveries 12051 12283 12555 12555 Food 6/ 11881 12127 12400 12400 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12091 12416 12605 12655 Ending Stocks 2054 1851 1802 1824 Stocks to Use Ratio 17.0 14.9 14.3 14.4 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Raw Value Sugar 2016/17 Est. Dec 1037 5957 93 4851 1234 1002 Jan 1037 5957 93 4851 1234 1002 2017/18 Proj. Dec 1002 6100 95 4972 1217 1008 Jan 1002 6100 135 4972 1257 1008 ================================================================================ WASDE - 573 - 17 January 2018 U.S. Cotton Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Dec Jan ================================================================================ Million Acres Planted 8.58 10.07 12.62 12.61 Harvested 8.07 9.51 11.41 11.35 Pounds Yield per Harvested Acre 766 867 902 899 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.44 21.26 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.20 24.02 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.80 14.80 Use, Total 12.60 18.17 18.15 18.15 Unaccounted 2/ 0.17 0.06 0.25 0.17 Ending Stocks 3.80 2.75 5.80 5.70 Avg. Farm Price 3/ 61.2 68.0 63.00-69.00 67.00-71.00 ================================================================================ WASDE - 573 - 18 January 2018 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 217.95 735.31 170.10 136.50 711.58 172.84 241.67 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.48 679.19 167.03 132.44 679.64 151.67 215.12 Major Exporters 4/ 29.27 221.65 7.60 65.66 150.60 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.52 2.76 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.34 205.43 92.35 27.94 264.64 6.42 140.06 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. World 3/ 241.67 750.44 179.20 147.10 739.40 183.36 252.72 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 215.12 687.61 175.98 142.84 707.65 154.65 220.59 Major Exporters 4/ 25.41 225.74 5.94 65.42 150.95 83.94 22.20 Argentina 0.82 18.40 0.01 0.10 5.20 13.80 0.22 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.51 5.42 10.40 20.18 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 140.06 200.04 96.42 36.62 278.75 5.57 152.20 Brazil 1.00 6.73 7.35 0.80 12.20 0.70 2.18 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.58 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.48 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 ================================================================================ WASDE - 573 - 19 January 2018 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 ================================================================================ 2017/18 Proj. World 3/ Dec 255.33 755.21 180.60 142.67 742.12 182.15 268.42 Jan 252.72 757.01 180.19 143.32 741.70 180.85 268.02 United States Dec 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Jan 32.13 47.37 4.22 2.72 30.26 26.54 26.92 Total Foreign Dec 223.20 707.84 176.52 139.41 711.20 155.61 242.28 Jan 220.59 709.64 175.97 140.60 711.44 154.31 241.10 Major Exporters 4/ Dec 25.03 221.50 6.66 64.10 150.05 79.70 23.44 Jan 22.20 220.60 6.66 64.00 149.75 76.90 22.81 Argentina Dec 0.32 17.50 0.01 0.10 5.60 11.70 0.53 Jan 0.22 17.50 0.01 0.10 5.50 11.90 0.33 Australia Dec 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Jan 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Dec 6.84 30.00 0.50 3.50 8.70 22.00 6.64 Jan 6.84 30.00 0.50 3.50 8.70 22.00 6.64 European Union 5/ Dec 10.77 152.50 6.00 57.00 128.75 28.50 12.02 Jan 10.77 151.60 6.00 57.00 128.75 27.00 12.62 Major Importers 6/ Dec 152.08 202.00 95.78 30.48 276.89 6.46 166.51 Jan 152.20 202.80 95.48 30.78 277.11 6.46 166.90 Brazil Dec 2.18 4.25 8.00 0.50 12.10 0.80 1.53 Jan 2.18 4.25 8.00 0.50 12.10 0.80 1.53 China Dec 111.05 130.00 3.50 13.00 116.00 0.80 127.75 Jan 111.05 130.00 4.00 13.00 116.00 0.80 128.25 Sel. Mideast 7/ Dec 13.03 19.42 18.70 5.22 40.47 0.84 9.84 Jan 13.03 19.42 18.40 5.31 40.50 0.84 9.51 N. Africa 8/ Dec 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Jan 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Pakistan Dec 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Jan 4.33 26.50 0.03 1.00 25.00 0.60 5.26 Southeast Asia 9/ Dec 5.61 0.00 26.00 7.79 24.34 1.07 6.20 Jan 5.61 0.00 26.00 7.79 24.34 1.07 6.20 India Dec 9.80 98.38 3.00 5.00 100.00 0.50 10.68 Jan 9.80 98.38 2.50 5.00 100.00 0.50 10.18 FSU-12 Dec 21.11 139.27 7.96 31.50 82.99 59.04 26.32 Jan 21.11 141.27 7.96 32.50 83.99 60.54 25.82 Russia Dec 10.83 83.00 0.50 20.50 44.00 33.50 16.83 Jan 10.83 85.00 0.50 21.50 45.00 35.00 16.33 Kazakhstan Dec 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Jan 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Dec 1.78 26.50 0.03 3.40 9.80 17.00 1.51 Jan 1.78 26.50 0.03 3.40 9.80 17.00 1.51 ================================================================================ WASDE - 573 - 20 January 2018 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 ================================================================================ 2015/16 World 3/ 247.17 1260.26 181.15 767.15 1254.95 163.46 252.48 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.22 893.25 177.22 631.78 942.36 106.28 204.37 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. World 3/ 252.48 1366.06 172.70 799.66 1356.77 201.63 261.77 United States 48.11 402.61 3.43 144.60 327.48 64.50 62.17 Total Foreign 204.37 963.45 169.27 655.06 1029.29 137.13 199.61 Major Exporters 4/ 17.63 210.59 2.65 89.84 121.99 80.97 27.91 Argentina 3.18 48.57 0.00 11.07 16.34 28.46 6.95 Australia 1.50 16.62 0.00 4.29 6.16 10.17 1.78 Brazil 7.01 101.58 1.49 53.45 64.03 35.01 11.04 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.32 120.94 276.35 358.56 11.04 43.69 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.32 15.24 28.00 46.90 1.54 6.01 N. Afr & Mideast 7/ 15.59 26.21 34.29 55.51 63.33 0.16 12.60 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.33 29.40 13.50 34.96 42.77 1.27 3.18 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.19 0.76 40.55 55.91 36.58 6.70 Russia 1.66 40.77 0.28 22.48 32.13 8.56 2.02 Ukraine 3.17 39.26 0.04 9.06 12.52 26.90 3.04 ================================================================================ WASDE - 573 - 21 January 2018 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 ================================================================================ 2017/18 Proj. World 3/ Dec 262.40 1323.92 182.85 817.12 1354.07 188.51 232.24 Jan 261.77 1324.22 183.55 815.32 1352.23 188.91 233.77 United States Dec 62.21 383.37 3.58 145.57 329.28 55.65 64.23 Jan 62.17 384.26 3.58 145.07 329.03 55.65 65.33 Total Foreign Dec 200.19 940.54 179.28 671.54 1024.79 132.87 168.01 Jan 199.61 939.97 179.98 670.25 1023.20 133.27 168.44 Major Exporters 4/ Dec 27.10 197.45 2.23 91.18 123.43 78.61 24.75 Jan 27.91 197.55 2.23 90.87 123.12 78.81 25.77 Argentina Dec 6.91 49.00 0.01 11.72 17.38 31.21 7.33 Jan 6.95 49.10 0.01 11.72 17.38 31.31 7.37 Australia Dec 2.01 11.50 0.00 3.64 5.51 6.93 1.07 Jan 1.78 11.50 0.00 3.34 5.21 7.03 1.05 Brazil Dec 10.04 97.79 0.85 54.44 64.89 34.02 9.77 Jan 11.04 97.79 0.85 54.44 64.89 34.02 10.77 Canada Dec 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Jan 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Major Importers 5/ Dec 45.36 243.25 130.69 284.91 367.33 10.78 41.18 Jan 43.69 242.68 131.19 283.81 366.23 10.88 40.44 European Union 6/ Dec 15.12 150.80 16.71 119.48 160.10 8.51 14.01 Jan 15.11 150.80 16.71 119.48 160.10 8.51 14.01 Japan Dec 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Jan 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Dec 6.01 31.63 16.90 29.22 48.19 1.30 5.05 Jan 6.01 31.63 16.90 29.22 48.19 1.30 5.05 N. Afr & Mideast 7/ Dec 12.61 29.99 38.87 60.91 68.91 0.25 12.31 Jan 12.60 29.99 38.77 60.31 68.31 0.25 12.81 Saudi Arabia Dec 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Jan 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Southeast Asia 8/ Dec 3.14 30.01 14.12 36.16 43.76 0.73 2.77 Jan 3.18 29.44 14.72 36.16 43.76 0.83 2.75 South Korea Dec 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Jan 1.85 0.20 9.77 7.54 10.01 0.00 1.82 China Dec 102.49 223.93 16.00 178.85 261.38 0.08 80.97 Jan 102.49 223.93 16.10 178.95 261.48 0.08 80.96 FSU-12 Dec 6.70 89.85 0.72 40.38 55.52 36.27 5.48 Jan 6.70 89.54 0.72 40.30 55.44 36.37 5.16 Russia Dec 2.02 42.30 0.11 22.95 32.60 9.86 1.97 Jan 2.02 42.00 0.11 23.07 32.72 9.66 1.75 Ukraine Dec 3.04 34.99 0.03 7.24 10.51 25.41 2.15 Jan 3.04 34.99 0.03 7.04 10.31 25.61 2.15 ================================================================================ WASDE - 573 - 22 January 2018 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 209.74 973.45 139.25 601.78 968.23 119.74 214.96 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.77 627.95 137.54 471.87 669.45 71.45 170.84 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. World 3/ 214.96 1075.99 135.62 631.93 1062.20 163.10 228.75 United States 44.12 384.78 1.45 138.87 313.86 58.24 58.25 Total Foreign 170.84 691.21 134.17 493.07 748.35 104.86 170.50 Major Exporters 4/ 9.32 156.98 0.85 65.63 84.83 63.00 19.33 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.80 51.00 60.50 35.00 10.57 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.52 80.62 147.96 200.71 4.99 21.86 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.57 14.57 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.33 29.35 13.48 34.90 42.70 1.27 3.18 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.30 0.35 17.20 19.98 27.15 3.11 Ukraine 1.39 28.00 0.03 5.10 6.50 21.33 1.58 ================================================================================ WASDE - 573 - 23 January 2018 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 ================================================================================ 2017/18 Proj. World 3/ Dec 227.34 1044.75 146.48 652.40 1068.01 151.61 204.08 Jan 228.75 1044.56 146.08 650.57 1066.73 151.51 206.57 United States Dec 58.30 370.29 1.27 141.61 319.04 48.90 61.92 Jan 58.25 370.96 1.27 140.98 318.66 48.90 62.93 Total Foreign Dec 169.04 674.47 145.21 510.79 748.97 102.72 142.16 Jan 170.50 673.60 144.81 509.59 748.07 102.62 143.65 Major Exporters 4/ Dec 18.33 149.50 0.41 66.30 85.70 64.70 17.83 Jan 19.33 149.50 0.41 66.30 85.70 64.70 18.83 Argentina Dec 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Jan 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Brazil Dec 9.57 95.00 0.30 52.00 61.50 34.00 9.37 Jan 10.57 95.00 0.30 52.00 61.50 34.00 10.37 South Africa Dec 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Jan 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Dec 21.82 122.41 85.80 153.25 206.20 4.03 19.80 Jan 21.86 121.84 86.40 153.25 206.20 4.13 19.77 Egypt Dec 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Jan 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Dec 7.55 60.09 16.00 56.00 74.80 2.00 6.84 Jan 7.54 60.09 16.00 56.00 74.80 2.00 6.83 Japan Dec 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Jan 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Dec 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Jan 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Southeast Asia 7/ Dec 3.14 29.96 14.10 36.10 43.70 0.72 2.77 Jan 3.18 29.39 14.70 36.10 43.70 0.82 2.75 South Korea Dec 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Jan 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Canada Dec 2.04 14.10 1.00 8.40 14.00 1.30 1.84 Jan 2.04 14.10 1.00 8.40 14.00 1.30 1.84 China Dec 100.72 215.89 3.00 166.00 240.00 0.05 79.56 Jan 100.71 215.89 3.00 166.00 240.00 0.05 79.55 FSU-12 Dec 3.11 43.25 0.45 15.98 18.66 25.76 2.38 Jan 3.11 42.75 0.45 15.68 18.36 25.56 2.38 Ukraine Dec 1.58 25.00 0.03 3.80 5.10 20.50 1.01 Jan 1.58 25.00 0.03 3.80 5.10 20.50 1.01 ================================================================================ WASDE - 573 - 24 January 2018 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 ================================================================================ 2015/16 World 3/ 127.78 472.96 38.34 468.11 40.34 132.63 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.23 466.83 37.57 464.54 36.95 131.16 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.40 29.38 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.20 1.02 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.49 1.91 3.31 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. World 3/ 132.63 487.08 41.31 481.60 46.01 138.11 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.16 479.96 40.56 477.43 42.30 136.65 Major Exporters 4/ 29.38 163.60 0.76 133.73 32.47 27.54 India 18.40 110.15 0.00 96.78 11.22 20.55 Pakistan 1.02 6.85 0.01 3.10 3.60 1.18 Thailand 8.40 19.20 0.25 11.75 11.25 4.85 Vietnam 1.56 27.40 0.50 22.10 6.40 0.96 Major Importers 5/ 9.82 66.23 12.13 77.27 1.02 9.89 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 37.15 0.30 37.50 0.02 3.44 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.65 0.01 10.20 3.10 0.60 C. Amer & Carib 8/ 0.50 1.58 1.83 3.41 0.03 0.46 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.40 4.73 0.00 1.70 ================================================================================ WASDE - 573 - 25 January 2018 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 ================================================================================ 2017/18 Proj. World 3/ Dec 138.01 483.47 43.85 480.76 45.32 140.73 Jan 138.11 484.71 44.57 481.75 45.82 141.08 United States Dec 1.46 5.66 0.78 3.65 3.27 0.98 Jan 1.46 5.66 0.79 3.81 3.18 0.93 Total Foreign Dec 136.55 477.81 43.07 477.10 42.05 139.74 Jan 136.65 479.05 43.78 477.94 42.65 140.15 Major Exporters 4/ Dec 27.69 163.25 0.55 134.80 32.10 24.59 Jan 27.54 163.55 0.65 134.85 32.50 24.39 India Dec 20.55 107.50 0.00 98.00 11.60 18.45 Jan 20.55 107.50 0.00 97.75 12.00 18.30 Pakistan Dec 1.28 6.90 0.00 3.20 3.80 1.18 Jan 1.18 7.20 0.00 3.30 3.80 1.28 Thailand Dec 4.85 20.40 0.25 11.50 10.20 3.80 Jan 4.85 20.40 0.25 11.50 10.20 3.80 Vietnam Dec 1.01 28.45 0.30 22.10 6.50 1.16 Jan 0.96 28.45 0.40 22.30 6.50 1.01 Major Importers 5/ Dec 9.89 65.15 12.52 77.30 0.93 9.33 Jan 9.89 65.92 12.42 77.50 0.93 9.80 Brazil Dec 0.64 7.82 0.63 7.95 0.60 0.54 Jan 0.64 7.82 0.63 7.95 0.60 0.54 European Union 6/ Dec 1.12 2.09 1.90 3.75 0.28 1.08 Jan 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Dec 3.44 37.00 0.30 37.30 0.02 3.42 Jan 3.44 37.00 0.30 37.30 0.02 3.42 Nigeria Dec 1.35 3.65 2.30 6.20 0.00 1.11 Jan 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Dec 2.00 11.20 1.70 12.90 0.00 2.00 Jan 2.00 11.97 1.30 12.90 0.00 2.37 Sel. Mideast 7/ Dec 1.03 1.96 3.85 5.95 0.00 0.88 Jan 1.03 1.96 3.85 5.95 0.00 0.88 Burma Dec 0.60 12.95 0.01 10.20 3.00 0.36 Jan 0.60 12.95 0.01 10.20 3.00 0.36 C. Amer & Carib 8/ Dec 0.49 1.65 1.87 3.55 0.03 0.44 Jan 0.46 1.62 1.90 3.53 0.03 0.42 China Dec 86.50 146.00 5.25 142.15 1.10 94.50 Jan 86.50 146.00 5.25 142.45 1.30 94.00 Egypt Dec 1.47 4.30 0.05 4.40 0.10 1.32 Jan 1.47 4.30 0.05 4.40 0.10 1.32 Japan Dec 2.46 7.60 0.69 8.45 0.06 2.24 Jan 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Dec 0.17 0.19 0.85 0.92 0.09 0.20 Jan 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Dec 1.70 3.97 0.41 4.80 0.00 1.28 Jan 1.70 3.97 0.41 4.80 0.00 1.28 ================================================================================ WASDE - 573 - 26 January 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2015/16 World 111.15 96.15 35.42 112.26 35.13 -0.02 95.35 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.26 35.39 108.81 25.98 -0.19 91.55 Major Exporters 4/ 29.72 46.56 1.77 32.48 22.81 -0.28 23.05 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.80 9.98 0.25 4.22 7.67 -0.29 9.43 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. World 95.35 106.56 37.62 114.77 37.24 -0.12 87.64 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.55 89.39 37.61 111.52 22.33 -0.18 84.89 Major Exporters 4/ 23.05 50.75 3.63 31.97 19.20 -0.27 26.54 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 9.43 12.31 0.37 4.29 7.07 -0.30 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 ================================================================================ WASDE - 573 - 27 January 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2017/18 Proj. World Dec 87.65 119.96 38.48 119.59 38.46 0.06 88.00 Jan 87.64 120.97 38.37 120.83 38.38 -0.02 87.79 United States Dec 2.75 21.44 0.01 3.35 14.80 0.25 5.80 Jan 2.75 21.26 0.01 3.35 14.80 0.17 5.70 Total Foreign Dec 84.90 98.52 38.47 116.24 23.66 -0.20 82.20 Jan 84.89 99.70 38.36 117.48 23.58 -0.20 82.09 Major Exporters 4/ Dec 26.56 55.35 2.40 33.22 20.30 -0.29 31.07 Jan 26.54 55.11 2.40 33.20 20.21 -0.29 30.93 Central Asia 5/ Dec 2.39 6.30 3/ 3.22 2.49 0.00 2.98 Jan 2.39 6.32 3/ 3.23 2.50 0.00 2.98 Afr. Fr. Zone 6/ Dec 1.78 5.10 3/ 0.13 4.46 0.00 2.30 Jan 1.77 5.14 3/ 0.13 4.36 0.00 2.42 S. Hemis 7/ Dec 11.05 14.00 0.30 4.48 8.78 -0.30 12.38 Jan 11.05 13.90 0.30 4.45 8.78 -0.30 12.31 Australia Dec 2.39 4.70 3/ 0.04 4.30 -0.15 2.91 Jan 2.39 4.60 3/ 0.04 4.30 -0.15 2.81 Brazil Dec 7.61 7.80 0.13 3.40 4.00 -0.15 8.28 Jan 7.61 7.80 0.13 3.40 4.10 -0.15 8.18 India Dec 11.13 29.50 1.60 24.75 4.30 0.00 13.18 Jan 11.13 29.30 1.60 24.75 4.30 0.00 12.98 Major Importers 8/ Dec 56.78 40.35 33.64 78.99 2.35 0.09 49.35 Jan 56.78 41.79 33.52 80.25 2.37 0.09 49.39 Mexico Dec 0.44 1.50 0.80 1.80 0.28 0.03 0.64 Jan 0.44 1.54 0.83 1.85 0.30 0.03 0.63 China Dec 48.42 25.00 5.30 39.00 0.05 0.00 39.67 Jan 48.42 26.40 5.00 40.00 0.05 0.00 39.77 European Union 9/ Dec 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Jan 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Dec 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Jan 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Pakistan Dec 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Jan 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Indonesia Dec 0.62 3/ 3.45 3.40 0.01 0.00 0.67 Jan 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Thailand Dec 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Jan 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Bangladesh Dec 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Jan 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Dec 0.88 3/ 6.50 6.10 0.00 0.00 1.29 Jan 0.88 3/ 6.60 6.25 0.00 0.00 1.24 ================================================================================ WASDE - 573 - 28 January 2018 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2015/16 World 2/ 77.73 313.77 133.33 275.31 314.25 132.55 78.02 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.55 206.91 132.69 223.97 259.78 79.69 72.67 Major Exporters 3/ 50.72 164.73 1.12 86.89 94.75 71.88 49.94 Argentina 31.70 56.80 0.68 43.27 47.55 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. World 2/ 78.02 351.32 144.22 288.31 329.81 147.27 96.49 United States 5.35 116.92 0.61 51.68 55.51 59.16 8.21 Total Foreign 72.67 234.40 143.61 236.63 274.29 88.11 88.28 Major Exporters 3/ 49.94 185.78 1.96 88.05 96.21 79.23 62.23 Argentina 31.70 57.80 1.67 43.30 47.73 7.03 36.42 Brazil 18.20 114.10 0.25 40.90 44.55 63.14 24.86 Paraguay 0.03 10.67 0.01 3.65 3.72 6.17 0.82 Major Importers 4/ 19.73 16.80 122.48 113.21 135.89 0.39 22.73 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.38 14.40 16.04 0.22 1.06 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. World 2/ Dec 96.62 348.47 150.41 301.57 344.72 152.45 98.32 Jan 96.49 348.57 150.17 301.45 344.47 152.19 98.57 United States Dec 8.20 120.44 0.68 52.80 56.64 60.56 12.12 Jan 8.21 119.52 0.68 53.07 56.83 58.79 12.79 Total Foreign Dec 88.42 228.03 149.73 248.77 288.08 91.90 86.20 Jan 88.28 229.05 149.49 248.38 287.64 93.40 85.78 Major Exporters 3/ Dec 62.23 176.92 1.93 90.74 99.15 82.40 59.54 Jan 62.23 177.92 1.93 90.74 99.15 83.90 59.04 Argentina Dec 36.42 57.00 1.70 44.84 49.45 8.50 37.17 Jan 36.42 56.00 1.70 44.84 49.45 8.50 36.17 Brazil Dec 24.86 108.00 0.20 42.00 45.70 65.50 21.86 Jan 24.86 110.00 0.20 42.00 45.70 67.00 22.36 Paraguay Dec 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Jan 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Major Importers 4/ Dec 22.79 18.18 127.25 120.68 144.56 0.40 23.26 Jan 22.73 18.20 127.25 120.68 144.56 0.40 23.23 China Dec 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Jan 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Dec 1.06 2.48 14.00 14.50 16.15 0.20 1.19 Jan 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Japan Dec 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Jan 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Dec 0.15 0.48 4.30 4.72 4.76 0.00 0.17 Jan 0.15 0.48 4.30 4.72 4.76 0.00 0.17 ================================================================================ WASDE - 573 - 29 January 2018 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 13.70 216.11 61.86 213.42 65.42 12.83 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.47 175.59 61.49 183.38 54.58 12.59 Major Exporters 3/ 8.39 68.52 0.07 23.57 46.15 7.26 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.57 52.54 0.51 1.89 European Union 0.66 11.81 19.21 30.89 0.30 0.48 Southeast Asia 5/ 1.24 2.89 15.64 18.20 0.21 1.36 2016/17 Est. World 2/ 12.83 226.29 59.90 222.00 64.63 12.38 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.59 185.71 59.58 191.75 54.11 12.02 Major Exporters 3/ 7.26 72.30 0.05 24.70 47.09 7.81 Argentina 4.23 33.28 0.00 2.85 31.32 3.33 Brazil 2.91 31.66 0.04 16.84 13.76 4.00 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.89 16.17 36.09 52.34 0.55 1.26 European Union 0.48 11.38 18.89 30.24 0.33 0.17 Southeast Asia 5/ 1.36 2.98 15.59 18.68 0.21 1.05 2017/18 Proj. World 2/ Dec 12.52 236.97 63.86 233.79 67.25 12.30 Jan 12.38 236.73 63.47 233.12 67.18 12.28 United States Dec 0.36 41.82 0.27 31.12 11.07 0.27 Jan 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Dec 12.15 195.15 63.59 202.68 56.19 12.03 Jan 12.02 194.91 63.20 202.00 56.11 12.01 Major Exporters 3/ Dec 7.81 74.12 0.04 25.99 48.25 7.74 Jan 7.81 74.12 0.04 25.99 48.25 7.74 Argentina Dec 3.33 34.42 0.00 3.06 31.20 3.50 Jan 3.33 34.42 0.00 3.06 31.20 3.50 Brazil Dec 4.00 32.50 0.03 17.48 15.25 3.80 Jan 4.00 32.50 0.03 17.48 15.25 3.80 India Dec 0.48 7.20 0.01 5.45 1.80 0.44 Jan 0.48 7.20 0.01 5.45 1.80 0.44 Major Importers 4/ Dec 1.41 16.45 37.68 53.47 0.53 1.54 Jan 1.26 16.45 37.58 53.37 0.50 1.42 European Union Dec 0.20 11.46 19.20 30.34 0.30 0.21 Jan 0.17 11.46 19.20 30.34 0.30 0.18 Southeast Asia 5/ Dec 1.17 3.22 16.73 19.61 0.23 1.28 Jan 1.05 3.22 16.63 19.51 0.20 1.19 ================================================================================ WASDE - 573 - 30 January 2018 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 4.27 51.57 11.63 52.19 11.71 3.57 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.43 41.61 11.50 43.04 10.69 2.81 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.95 6.85 22.99 0.17 1.21 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.27 0.32 2.00 2.34 0.07 0.18 2016/17 Est. World 2/ 3.57 53.90 10.93 53.81 11.34 3.25 United States 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.81 43.88 10.78 44.81 10.18 2.47 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.47 0.76 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.84 0.14 Major Importers 4/ 1.21 17.93 5.81 23.80 0.21 0.94 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.18 0.50 1.56 2.05 0.09 0.11 2017/18 Proj. World 2/ Dec 3.28 56.20 11.49 56.01 11.70 3.26 Jan 3.25 56.15 11.20 56.10 11.37 3.13 United States Dec 0.78 10.21 0.14 9.53 0.86 0.73 Jan 0.78 10.22 0.14 9.57 0.86 0.70 Total Foreign Dec 2.51 46.00 11.35 46.48 10.84 2.53 Jan 2.47 45.93 11.06 46.53 10.50 2.43 Major Exporters 3/ Dec 0.76 19.45 0.31 11.60 8.17 0.75 Jan 0.76 19.45 0.31 11.90 7.87 0.75 Argentina Dec 0.31 8.63 0.00 2.75 5.90 0.29 Jan 0.31 8.63 0.00 3.05 5.60 0.29 Brazil Dec 0.32 8.06 0.06 6.70 1.45 0.29 Jan 0.32 8.06 0.06 6.70 1.45 0.29 European Union Dec 0.14 2.76 0.25 2.16 0.82 0.17 Jan 0.14 2.76 0.25 2.16 0.82 0.17 Major Importers 4/ Dec 0.97 19.27 6.37 25.34 0.17 1.10 Jan 0.94 19.21 6.06 25.04 0.18 1.00 China Dec 0.54 17.02 0.50 17.40 0.10 0.56 Jan 0.54 17.02 0.50 17.40 0.10 0.56 India Dec 0.30 1.62 4.10 5.60 0.00 0.42 Jan 0.30 1.62 3.80 5.40 0.00 0.32 North Africa 5/ Dec 0.13 0.62 1.77 2.34 0.07 0.12 Jan 0.11 0.57 1.76 2.24 0.08 0.12 ================================================================================ WASDE - 573 - 31 January 2018 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 2016 Annual 25221 24941 50387 40695 5981 47225 97612 8565 212.4 2017 I 6300 6409 12764 10233 1487 11848 24612 2174 53.6 II 6404 6137 12595 10407 1481 12023 24618 2175 55.3 III 6731 6239 13023 10551 1479 12167 25191 2187 53.5 IV 6740 6800 13596 10400 1540 12075 25671 2220 53.2 DecProj. 26305 25560 52082 41541 5997 48073 100155 8746 215.7 Jan Est. 26175 25585 51978 41591 5987 48113 100091 8756 215.5 2018 I* 6510 6670 13236 10425 1475 12033 25269 2215 54.3 II* 7070 6440 13564 10675 1490 12305 25869 2215 56.2 III* 6985 6580 13619 10750 1490 12380 25999 2240 54.2 IV* 7195 7270 14521 10600 1545 12280 26801 2285 54.2 DecProj. 27590 26915 54723 42275 6025 48848 103571 8935 219.3 JanProj. 27760 26960 54940 42450 6000 48998 103938 8955 218.8 ================================================================================ 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 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.75-17.85 DecProj. 121.42 50.38 93.4 95.7 100.3 17.60-17.70 Jan Est. 121.52 50.48 93.5 96.1 100.9 17.65 2018 I* 120-124 48-50 91-95 77-81 110-114 15.70-16.10 II* 115-123 49-53 92-98 87-93 94-100 15.35-16.05 III* 110-120 47-51 84-92 91-99 96-104 15.45-16.45 IV* 112-122 40-44 83-89 96-104 106-114 16.80-17.80 DecProj. 113-122 46-49 85-92 93-100 100-107 16.65-17.45 JanProj. 114-122 46-49 87-94 88-94 101-108 15.80-16.60 ================================================================================ WASDE - 573 - 32 January 2018 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 2016 683 25288 3015 28986 2556 757 25673 55.6 2017 Est. Dec 757 26372 2966 30095 2875 700 26520 57.0 Jan 757 26242 2976 29975 2875 680 26420 56.8 2018 Proj. Dec 700 27657 3030 31387 2985 715 27687 59.1 Jan 680 27827 3030 31537 2985 715 27837 59.4 Pork 2016 590 24956 1091 26637 5239 507 20891 50.1 2017 Est. Dec 507 25576 1113 27196 5588 630 20978 50.0 Jan 507 25601 1113 27221 5623 550 21048 50.2 2018 Proj. Dec 630 26931 1000 28561 5900 660 22001 52.1 Jan 550 26976 1000 28526 5900 660 21966 52.0 TotalRed Meat5/ 2016 1320 50480 4322 56123 7801 1304 47018 106.9 2017 Est. Dec 1304 52175 4330 57809 8470 1374 47965 108.3 Jan 1304 52071 4342 57717 8505 1274 47938 108.2 2018 Proj. Dec 1374 54816 4272 60462 8893 1419 50150 112.4 Jan 1274 55033 4284 60591 8893 1419 50279 112.7 Broiler 2016 832 40260 131 41223 6644 778 33800 89.8 2017 Est. Dec 778 41097 123 41998 6713 825 34460 90.9 Jan 778 41146 125 42049 6783 885 34381 90.7 2018 Proj. Dec 825 41823 130 42778 6910 790 35078 91.9 Jan 885 41996 130 43011 6910 830 35271 92.4 Turkey 2016 201 5981 50 6232 569 279 5384 16.6 2017 Est. Dec 279 5997 28 6304 623 325 5356 16.4 Jan 279 5987 25 6291 623 325 5343 16.4 2018 Proj. Dec 325 6025 40 6390 655 300 5435 16.6 Jan 325 6000 32 6357 655 300 5402 16.5 Total Poultry6/ 2016 1041 46789 184 48014 7372 1065 39577 107.6 2017 Est. Dec 1065 47628 154 48848 7469 1158 40220 108.6 Jan 1065 47668 153 48886 7539 1216 40131 108.4 2018 Proj. Dec 1158 48395 174 49727 7710 1098 40919 109.7 Jan 1216 48543 166 49925 7710 1138 41077 110.1 RedMeat& Poultry 2016 2361 97269 4506 104136 15173 2369 86595 214.6 2017 Est. Dec 2369 99803 4484 106656 15939 2532 88185 216.9 Jan 2369 99739 4495 106603 16044 2490 88069 216.6 2018 Proj. Dec 2532 103211 4446 110189 16603 2517 91069 222.2 Jan 2490 103576 4450 110516 16603 2557 91356 222.8 ================================================================================ WASDE - 573 - 33 January 2018 U.S. Egg Supply and Use ================================================================================ 2015 2016 2017Proj. 2017 Est. 2018Proj. 2018Proj. Commodity Dec Jan Dec Jan ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.3 31.1 27.1 27.1 26.0 20.0 Production 8053.0 8565.0 8746.3 8756.3 8935.0 8955.0 Imports 123.5 121.9 34.4 32.4 40.0 40.0 Total Supply 8199.8 8718.0 8807.8 8815.8 9001.0 9015.0 Use Exports 313.6 279.0 323.0 323.0 320.0 320.0 Hatching Use 995.6 1009.6 1033.7 1033.7 1030.0 1050.0 Ending Stocks 31.1 27.1 26.0 20.0 27.0 27.0 Disappearance Total 6859.4 7402.3 7425.1 7439.1 7624.0 7618.0 Per Capita (number) 256.3 274.7 273.7 274.2 279.1 278.9 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2015 2016 2017Proj. 2017 Est. 2018Proj. 2018Proj. Commodity Dec Jan Dec Jan ================================================================================ Billion Pounds Milk Production 208.6 212.4 215.7 215.5 219.3 218.8 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Beg.CommercialStocks 10.5 12.3 12.7 12.7 13.6 13.6 Marketings 207.6 211.4 214.7 214.5 218.3 217.8 Imports 5.8 7.0 6.1 6.0 6.1 6.0 Total Cml. Supply 223.9 230.8 233.6 233.3 238.0 237.4 Commercial Exports 8.5 8.4 9.1 9.3 9.4 9.5 Ending Commercial Stocks 12.3 12.7 13.6 13.6 12.8 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 210.8 210.4 215.9 215.1 Beg.CommercialStocks 9.4 9.2 9.5 9.5 12.6 12.2 Marketings 207.6 211.4 214.7 214.5 218.3 217.8 Imports 6.0 6.5 6.1 6.0 6.1 5.9 Total Cml. Supply 223.1 227.1 230.4 230.1 237.0 236.0 Commercial Exports 37.3 39.0 40.1 40.4 41.8 42.0 Ending Commercial Stocks 9.2 9.5 12.6 12.2 12.0 11.6 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.6 177.4 183.2 182.4 ================================================================================ WASDE - 573 - 34 January 2018 U.S. Dairy Prices ================================================================================ Commod- 2015 2016 2017 Proj. 2017 Est. 2018 Proj. 2018 Proj. ity Dec Jan Dec Jan ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6454 1.6050 1.630-1.640 1.6344 1.620-1.700 1.535-1.615 Butter 2.0670 2.0777 2.315-2.345 2.3303 2.270-2.380 2.245-2.355 Nonfat Dry Milk 0.9016 0.8292 0.855-0.875 0.8666 0.745-0.805 0.715-0.775 Dry Whey 0.3804 0.2875 0.440-0.450 0.4437 0.310-0.340 0.270-0.300 Milk Prices 2/ Dollars Per Cwt ClassIII 15.80 14.87 16.15-16.25 16.17 15.30-16.10 14.25-15.05 Class IV 14.35 13.77 15.05-15.25 15.16 13.90-14.80 13.55-14.45 All Milk 3/ 17.13 16.30 17.60-17.70 17.65 16.65-17.45 15.80-16.60 ================================================================================ WASDE - 573 - 35 January 2018 Reliability of January 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 0.7 1.1 3.0 0.0 8.3 27 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.8 1.3 3.0 0.1 8.3 26 10 Exports World 5.3 9.0 5.4 0.1 18.4 28 8 U.S. 5.1 8.6 1.4 0.1 3.9 20 16 Foreign 6.4 10.9 5.1 0.3 18.0 30 6 Domestic Use World 1.2 2.1 5.3 0.1 14.7 21 15 U.S. 4.7 8.0 1.1 0.0 3.0 11 24 Foreign 1.2 2.1 5.2 0.6 14.8 23 13 Ending Stocks World 5.0 8.4 5.9 0.2 18.1 25 11 U.S. 8.9 15.1 1.4 0.0 4.6 21 14 Foreign 5.4 9.1 5.1 0.1 16.9 25 11 COARSE GRAINS 2/ Production World 1.3 2.3 11.1 0.0 37.7 26 10 U.S. 0.4 0.7 0.3 0.0 4.6 17 7 Foreign 1.9 3.2 11.0 0.0 37.6 25 11 Exports World 6.6 11.3 6.4 0.2 31.9 27 9 U.S. 11.8 20.1 4.5 0.2 13.3 17 19 Foreign 11.1 18.9 6.1 0.4 26.8 25 11 Domestic Use World 1.2 2.0 8.4 0.0 36.2 19 17 U.S. 3.0 5.2 3.9 0.1 18.8 16 20 Foreign 1.4 2.3 8.1 0.1 36.2 25 11 Ending Stocks World 9.6 16.2 11.7 0.6 31.8 30 6 U.S. 15.4 26.1 5.7 0.0 24.3 19 16 Foreign 12.3 20.9 9.8 0.1 29.6 29 7 RICE, milled Production World 1.6 2.8 4.8 0.0 13.9 30 5 U.S. 1.7 2.8 0.1 0.0 0.3 13 7 Foreign 1.7 2.8 4.7 0.1 13.9 31 5 Exports World 9.2 15.6 1.7 0.0 6.6 27 9 U.S. 7.3 12.4 0.2 0.0 0.6 19 15 Foreign 10.2 17.4 1.6 0.0 6.2 26 10 Domestic Use World 1.4 2.4 3.6 0.0 13.9 25 11 U.S. 7.7 13.0 0.2 0.0 0.5 15 21 Foreign 1.4 2.4 3.5 0.0 13.6 26 10 Ending Stocks World 9.5 16.2 4.8 0.5 26.6 30 6 U.S. 21.0 35.6 0.2 0.0 0.6 20 15 Foreign 9.7 16.5 4.8 0.2 26.5 30 6 ================================================================================ WASDE - 573 - 36 January 2018 Reliability of January 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 3.5 5.9 4.9 0.0 22.4 21 15 U.S. 1.4 2.4 0.7 0.0 2.5 15 16 Foreign 5.8 9.9 5.1 0.2 22.6 21 15 Exports World 6.9 11.7 3.0 0.1 12.2 23 13 U.S. 8.2 14.0 1.9 0.1 6.7 22 14 Foreign 17.7 30.0 2.8 0.0 11.8 17 19 Domestic Use World 2.6 4.5 3.5 0.1 13.0 20 16 U.S. 3.3 5.6 1.2 0.0 3.6 23 13 Foreign 3.2 5.5 3.2 0.2 12.7 21 15 Ending Stocks World 14.9 25.2 4.2 0.1 18.7 20 16 U.S. 43.0 73.0 2.0 0.1 6.6 8 28 Foreign 17.0 28.9 3.9 0.1 17.2 24 12 COTTON Production World 2.6 4.4 1.9 0.0 5.4 23 12 U.S. 1.0 1.7 0.1 0.0 0.3 14 21 Foreign 3.1 5.3 1.9 0.0 5.7 25 10 Exports World 6.4 10.9 1.7 0.1 8.8 20 16 U.S. 11.3 19.2 0.8 0.0 2.7 23 13 Foreign 8.1 13.7 1.2 0.0 8.1 21 15 Domestic Use World 2.6 4.5 2.0 0.3 6.8 19 17 U.S. 5.6 9.4 0.3 0.0 0.9 20 15 Foreign 2.7 4.6 1.9 0.4 6.5 20 16 Ending Stocks World 10.0 17.0 3.7 0.1 11.3 23 13 U.S. 24.7 41.9 0.9 0.2 2.4 10 26 Foreign 10.8 18.3 3.6 0.2 11.6 25 11 ================================================================================ WASDE - 573 - 37 January 2018 Reliability of United States January 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 0.4 0.7 11 0 148 4 2 Exports 12.3 20.9 161 9 467 16 20 Domestic Use 3.0 5.1 140 6 574 17 19 Ending Stocks 17.2 29.1 223 1 986 20 16 SORGHUM Production 1.1 1.8 2 0 53 1 3 Exports 15.9 26.9 28 0 97 24 10 Domestic Use 17.7 30.1 35 1 148 17 19 Ending Stocks 45.4 77.0 24 1 98 12 24 BARLEY Production 0.8 1.3 1 0 11 16 4 Exports 23.3 39.6 8 0 37 12 22 Domestic Use 6.0 10.2 14 0 70 13 20 Ending Stocks 11.6 19.7 11 1 52 23 13 OATS Production 0.3 0.6 0 0 2 4 4 Exports 67.0 113.7 1 0 7 8 10 Domestic Use 4.6 7.9 11 1 39 17 19 Ending Stocks 17.5 29.8 12 1 47 21 15 Thousand Short Tons SOYBEAN MEAL Production 3.2 5.4 869 15 2728 23 13 Exports 10.1 17.2 617 1 2350 26 10 Domestic Use 2.9 4.9 644 34 2066 18 18 Ending Stocks 34.7 58.8 62 0 214 14 20 Million Pounds SOYBEAN OIL Production 3.1 5.3 409 7 1418 25 11 Exports 23.6 40.1 289 0 1325 20 14 Domestic Use 3.5 6.0 429 25 1628 23 13 Ending Stocks 20.5 34.8 290 25 1206 23 13 ANIMAL PROD. 3/ Million Pounds Beef 3.5 5.9 717 9 2111 24 11 Pork 3.1 5.3 400 5 1717 19 16 Broilers 1.7 2.9 383 24 1011 22 13 Turkeys 2.9 5.0 122 2 407 18 17 Million Dozen Eggs 1.9 3.3 103 4 525 22 13 Billion Pounds Milk 1.5 2.6 1.7 0.0 5.7 17 13 ================================================================================