WASDE - 650 - 8 July 2024 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2022/23 2756.38 3554.89 495.71 2770.90 783.99 2023/24 (Est.) 2810.02 3594.01 519.42 2817.89 776.12 2024/25 (Proj.) Jun 2829.56 3605.04 499.98 2837.15 767.89 Jul 2836.74 3612.86 499.24 2839.13 773.73 Wheat 2022/23 789.01 1062.28 220.74 791.26 271.02 2023/24 (Est.) 788.95 1059.97 220.61 798.98 260.99 2024/25 (Proj.) Jun 790.75 1050.31 212.81 798.04 252.27 Jul 796.19 1057.18 212.89 799.94 257.24 Coarse Grains 5/ 2022/23 1451.54 1793.10 220.33 1459.54 333.56 2023/24 (Est.) 1500.19 1833.74 244.42 1495.80 337.94 2024/25 (Proj.) Jun 1511.19 1850.31 233.28 1512.67 337.64 Jul 1512.38 1850.32 231.78 1511.92 338.40 Rice, milled 2022/23 515.83 699.51 54.64 520.09 179.42 2023/24 (Est.) 520.87 700.29 54.39 523.11 177.19 2024/25 (Proj.) Jun 527.63 704.42 53.89 526.44 177.98 Jul 528.17 705.36 54.58 527.27 178.09 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 459.13 520.59 85.18 364.56 70.85 2024/25 (Proj.) Jun 449.79 531.03 87.53 365.07 78.43 Jul 459.22 536.88 88.50 367.27 81.11 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.31 68.58 19.24 30.23 19.11 2024/25 (Proj.) Jun 51.02 73.00 21.77 30.59 20.64 Jul 54.66 76.62 22.45 30.86 23.31 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.89 442.71 62.89 329.35 50.48 2024/25 (Proj.) Jun 391.77 448.36 62.59 329.40 56.38 Jul 397.52 450.51 62.84 331.33 56.34 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.93 9.30 3.05 4.99 1.27 2024/25 (Proj.) Jun 6.99 9.67 3.18 5.08 1.41 Jul 7.04 9.75 3.21 5.08 1.46 ================================================================================ WASDE - 650 - 9 July 2024 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2022/23 2349.95 3083.55 427.86 2421.00 730.40 2023/24 (Est.) 2350.88 3073.42 434.24 2453.33 705.27 2024/25 (Proj.) Jun 2379.78 3074.01 412.45 2472.08 689.46 Jul 2377.52 3075.97 410.74 2471.86 692.61 Wheat 2022/23 744.12 995.72 200.01 760.93 255.52 2023/24 (Est.) 739.64 991.40 201.37 768.75 241.88 2024/25 (Proj.) Jun 739.73 977.31 191.04 767.45 231.63 Jul 741.53 980.55 190.44 769.08 233.93 Coarse Grains 5/ 2022/23 1095.09 1395.93 175.26 1144.57 296.42 2023/24 (Est.) 1097.30 1391.03 181.53 1166.45 287.47 2024/25 (Proj.) Jun 1119.41 1401.96 170.70 1183.28 281.26 Jul 1114.86 1399.81 168.94 1180.59 282.06 Rice, milled 2022/23 510.75 691.90 52.58 515.50 178.46 2023/24 (Est.) 513.94 690.99 51.35 518.12 175.92 2024/25 (Proj.) Jun 520.63 694.75 50.71 521.36 176.57 Jul 521.13 695.61 51.37 522.19 176.63 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2022/23 116.41 190.64 37.10 112.44 79.48 2023/24 (Est.) 113.70 193.18 44.21 113.29 79.31 2024/25 (Proj.) Jun 119.14 200.11 44.95 116.94 83.49 Jul 120.19 199.50 44.59 117.19 82.63 United States 2022/23 14.47 18.52 12.77 2.05 4.25 2023/24 (Est.) 12.07 16.32 11.60 1.85 3.05 2024/25 (Proj.) Jun 16.00 18.86 13.00 1.90 4.10 Jul 17.00 20.06 13.00 1.90 5.30 Foreign 4/ 2022/23 101.95 172.12 24.33 110.39 75.23 2023/24 (Est.) 101.63 176.86 32.61 111.44 76.26 2024/25 (Proj.) Jun 103.14 181.25 31.95 115.04 79.39 Jul 103.19 179.44 31.59 115.29 77.33 ================================================================================ WASDE - 650 - 10 July 2024 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2022/23 637.79 749.54 201.37 525.69 119.14 2023/24 (Est.) 657.20 776.34 201.44 543.17 128.30 2024/25 (Proj.) Jun 685.81 813.63 206.10 559.96 143.88 Jul 686.09 814.39 206.59 559.76 144.28 Oilmeals 2022/23 357.63 377.54 97.71 355.60 17.10 2023/24 (Est.) 370.42 387.52 105.01 365.72 17.71 2024/25 (Proj.) Jun 383.62 402.11 107.16 377.12 20.42 Jul 383.63 401.34 106.89 377.10 19.55 Vegetable Oils 2022/23 218.34 248.25 88.93 211.23 31.80 2023/24 (Est.) 224.04 255.83 87.38 218.95 32.20 2024/25 (Proj.) Jun 227.89 259.63 88.15 224.84 29.79 Jul 228.05 260.24 88.04 224.91 30.37 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.24 132.18 47.51 66.43 11.05 2024/25 (Proj.) Jun 131.16 143.32 50.83 70.32 14.04 Jul 131.46 143.50 50.92 70.46 13.70 Oilmeals 2022/23 49.94 54.60 13.39 40.79 0.41 2023/24 (Est.) 51.37 56.01 14.72 40.85 0.44 2024/25 (Proj.) Jun 54.24 58.97 16.08 42.40 0.50 Jul 54.32 59.05 16.08 42.48 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.55 21.60 0.41 20.07 1.12 2024/25 (Proj.) Jun 14.29 22.53 0.42 20.88 1.23 Jul 14.33 22.63 0.44 20.98 1.21 Foreign 3/ Oilseeds 2022/23 512.04 613.12 146.59 461.53 110.29 2023/24 (Est.) 534.96 644.16 153.93 476.74 117.24 2024/25 (Proj.) Jun 554.65 670.31 155.26 489.64 129.84 Jul 554.63 670.89 155.66 489.30 130.58 Oilmeals 2022/23 307.69 322.93 84.32 314.81 16.68 2023/24 (Est.) 319.06 331.51 90.30 324.87 17.27 2024/25 (Proj.) Jun 329.37 343.14 91.08 334.72 19.92 Jul 329.31 342.29 90.81 334.63 19.06 Vegetable Oils 2022/23 205.16 227.51 88.60 191.95 30.66 2023/24 (Est.) 210.49 234.24 86.98 198.88 31.08 2024/25 (Proj.) Jun 213.60 237.10 87.73 203.96 28.56 Jul 213.72 237.61 87.60 203.93 29.16 ================================================================================ WASDE - 650 - 11 July 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Acres Area Planted 45.8 49.6 47.5* 47.2 Area Harvested 35.5 37.3 38.0* 38.8 Bushels Yield per Harvested Acre 46.5 48.6 49.4* 51.8 Million Bushels Beginning Stocks 674 570 688 702 Production 1650 1812 1875 2008 Imports 122 138 120 105 Supply, Total 2446 2520 2682 2815 Food 972 960 962 962 Seed 68 64 62 62 Feed and Residual 74 87 100 110 Domestic, Total 1114 1111 1124 1134 Exports 762 707 800 825 Use, Total 1876 1818 1924 1959 Ending Stocks 570 702 758 856 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 6.50 5.70 ================================================================================ 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 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 18 63 6 6 45 138 Supply, Total 3/ 842 686 545 315 132 2520 Food 382 253 158 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 19 -8 91 -12 -2 87 Domestic Use 428 261 261 78 84 1111 Exports 134 235 158 152 27 707 Use, Total 562 496 419 230 111 1818 Ending Stocks, Total 280 190 126 85 21 702 2024/25 (Proj.) Beginning Stocks 280 190 126 85 21 702 Production 763 532 344 280 89 2008 Imports 5 50 5 5 40 105 Supply, Total 3/ 1048 772 475 370 150 2815 Food 382 257 156 85 82 962 Seed 26 16 13 6 3 62 Feed and Residual 40 10 60 0 0 110 Domestic Use 448 283 229 91 85 1134 Exports 240 260 110 185 30 825 Use, Total 688 543 339 276 115 1959 Ending Stocks, Total Jul 360 230 136 94 36 856 Jun NA NA NA NA NA NA ================================================================================ WASDE - 650 - 12 July 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.3* 102.7* Area Harvested 86.6 96.0 90.5* 91.7* Metric Tons Yield per Harvested Acre 4.11 4.19 4.33 4.33 Million Metric Tons Beginning Stocks 37.5 37.1 54.0 50.5 Production 356.1 402.6 391.5 397.2 Imports 2.9 2.3 2.2 2.2 Supply, Total 396.5 442.1 447.8 449.9 Feed and Residual 142.2 150.1 149.8 151.7 Food, Seed & Industrial 172.1 178.7 179.1 179.1 Domestic, Total 314.4 328.7 328.9 330.7 Exports 45.1 62.9 62.6 62.8 Use, Total 359.4 391.6 391.4 393.6 Ending Stocks 37.1 50.5 56.4 56.3 Million Acres CORN Area Planted 88.2 94.6 90.0* 91.5* Area Harvested 78.7 86.5 82.1* 83.4* Bushels Yield per Harvested Acre 173.4 177.3 181.0* 181.0* Million Bushels Beginning Stocks 1377 1360 2022 1877 Production 13651 15342 14860 15100 Imports 39 30 25 25 Supply, Total 15066 16732 16907 17002 Feed and Residual 5486 5775 5750 5825 Food,Seed& Industrial 2/ 6558 6855 6855 6855 Ethanol & by-products 3/ 5176 5450 5450 5450 Domestic, Total 12044 12630 12605 12680 Exports 1662 2225 2200 2225 Use, Total 13706 14855 14805 14905 Ending Stocks 1360 1877 2102 2097 Avg.FarmPrice ($/bu) 4/ 6.54 4.65 4.40 4.30 ================================================================================ WASDE - 650 - 13 July 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.4* 6.4* AreaHarvested(mil.acres) 4.6 6.1 5.6* 5.4* Yield (bushels/acre) 41.1 52.0 69.3* 69.2* Beginning Stocks 47 24 22 22 Production 188 318 388 373 Imports 0 0 0 0 Supply, Total 235 342 410 395 Feed and Residual 42 50 70 70 Food, Seed & Industrial 59 25 45 45 Total Domestic 102 75 115 115 Exports 109 245 260 245 Use, Total 211 320 375 360 Ending Stocks 24 22 35 35 Avg.FarmPrice ($/bu) 2/ 6.38 4.90 4.40 4.30 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.6* 2.6* AreaHarvested(mil.acres) 2.4 2.6 2.1* 2.0* Yield (bushels/acre) 71.7 72.4 76.7* 74.2* Beginning Stocks 37 66 75 78 Production 174 185 161 150 Imports 23 13 14 14 Supply, Total 235 264 250 241 Feed and Residual 35 56 50 45 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 181 170 165 Exports 2 5 3 3 Use, Total 169 186 173 168 Ending Stocks 66 78 77 73 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.30 6.30 OATS AreaPlanted (mil. acres) 2.6 2.6 2.3* 2.3* AreaHarvested(mil.acres) 0.9 0.8 0.7* 0.9* Yield (bushels/acre) 65.5 68.6 67.1* 70.9* Beginning Stocks 33 35 34 36 Production 58 57 47 62 Imports 84 74 75 75 Supply, Total 174 166 156 173 Feed and Residual 57 47 45 50 Food, Seed & Industrial 81 81 82 82 Total Domestic 137 128 127 132 Exports 2 2 2 2 Use, Total 139 130 129 134 Ending Stocks 35 36 27 39 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.60 3.60 ================================================================================ WASDE - 650 - 14 July 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 2.93* 2.94* Area Harvested 2.17 2.85 2.88* 2.90* Pounds Yield per Harvested Acre 7385 7649 7635* 7645* Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.8 39.8 Production 160.0 218.3 220.2 221.7 Imports 39.9 44.3 44.5 45.5 Supply, Total 239.7 292.8 304.5 307.0 Domestic & Residual 3/ 144.8 157.0 160.0 160.0 Exports, Total 4/ 64.6 96.0 100.0 101.0 Rough 18.5 42.0 44.0 45.0 Milled (rough equiv.) 46.2 54.0 56.0 56.0 Use, Total 209.4 253.0 260.0 261.0 Ending Stocks 30.3 39.8 44.5 46.0 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.70 15.60 15.60 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 Yield (pounds/acre) 7225 7524 Beginning Stocks 24.6 21.2 17.0 17.0 Imports 31.9 37.0 37.0 38.0 Production 128.5 153.9 169.3 168.0 Supply, Total 7/ 185.0 212.0 223.3 223.0 Domestic & Residual 3/ 113.6 120.0 123.0 123.0 Exports 8/ 50.2 75.0 75.0 76.0 Use, Total 163.8 195.0 198.0 199.0 Ending Stocks 21.2 17.0 25.3 24.0 Avg.FarmPrice($/cwt) 6/ 16.70 16.00 14.50 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 20.5 20.5 Imports 8.0 7.3 7.5 7.5 Production 31.6 64.4 50.9 53.7 Supply, Total 7/ 52.4 78.5 78.9 81.7 Domestic & Residual 3/ 31.1 37.0 37.0 37.0 Exports 8/ 14.4 21.0 25.0 25.0 Use, Total 45.6 58.0 62.0 62.0 Ending Stocks 6.8 20.5 16.9 19.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 24.30 19.80 19.80 California 10/ 40.90 28.00 22.00 22.00 Other States 1/ 18.20 17.70 15.00 15.00 ================================================================================ WASDE - 650 - 15 July 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 86.5* 86.1** Area Harvested 86.2 82.4 85.6* 85.3** Bushels Yield per Harvested Acre 49.6 50.6 52.0* 52.0** Million Bushels Beginning Stocks 274 264 350 345 Production 4270 4165 4450 4435 Imports 25 20 15 15 Supply, Total 4569 4449 4815 4795 Crushings 2212 2290 2425 2425 Exports 1980 1700 1825 1825 Seed 75 77 78 78 Residual 39 37 32 32 Use, Total 4305 4103 4360 4360 Ending Stocks 264 345 455 435 Avg.FarmPrice ($/bu) 2/ 14.20 12.50 11.20 11.10 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1662 1612 Production 4/ 26227 26955 28515 28515 Imports 376 600 450 450 Supply, Total 28594 29162 30627 30577 Domestic Disappearance 26609 27000 28200 28200 Biofuel 3/ 12491 13000 14000 14000 Food, Feed & other Industrial 14118 14000 14200 14200 Exports 378 550 600 600 Use, Total 26987 27550 28800 28800 Ending stocks 1607 1612 1827 1777 Avg. Price (c/lb) 2/ 65.26 48.00 42.00 42.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 400 400 Production 4/ 52493 54004 57075 57075 Imports 634 650 600 600 Supply, Total 53438 55025 58075 58075 Domestic Disappearance 38521 38625 40125 40125 Exports 14547 16000 17500 17500 Use, Total 53067 54625 57625 57625 Ending Stocks 371 400 450 450 Avg. Price ($/s.t.) 2/ 451.91 390.00 330.00 330.00 ================================================================================ WASDE - 650 - 16 July 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 1724 1986 Production 2/ 9250 9220 9200 9325 Beet Sugar 5187 5179 5111 5236 Cane Sugar 4063 4041 4089 4089 Florida 1985 2065 2004 2004 Louisiana 2001 1936 2085 2085 Texas 76 40 0 0 Imports 3614 3619 3076 2939 TRQ 3/ 1862 1798 1415 1647 Other Program 4/ 141 288 200 200 Non-program 1611 1533 1460 1092 Mexico 1156 504 1197 790 High-tier tariff/other 455 1029 263 302 Total Supply 14685 14682 14000 14250 Exports 82 241 100 100 Deliveries 12589 12455 12455 12455 Food 12473 12350 12350 12350 Other 5/ 116 105 105 105 Miscellaneous 171 0 0 0 Total Use 12843 12696 12555 12555 Ending Stocks 1843 1986 1445 1695 Stocks to Use Ratio 14.3 15.6 11.5 13.5 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Jun 835 4718 596 4618 399 1132 Jul 835 4708 747 4630 432 1228 2024/25 Proj. Jun 1132 5189 343 4661 1024 978 Jul 1228 5094 25 4661 708 978 ================================================================================ WASDE - 650 - 17 July 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jun Jul ================================================================================ Million Acres Planted 13.75 10.23 10.67* 11.67** Harvested 7.29 6.44 9.13* 9.67** Pounds Yield per Harvested Acre 953 899 842* 844** Million 480 Pound Bales Beginning Stocks 4.05 4.25 2.85 3.05 Production 14.47 12.07 16.00 17.00 Imports 0.00 0.01 0.01 0.01 Supply, Total 18.52 16.32 18.86 20.06 Domestic Use 2.05 1.85 1.90 1.90 Exports, Total 12.77 11.60 13.00 13.00 Use, Total 14.82 13.45 14.90 14.90 Unaccounted 2/ -0.55 -0.18 -0.15 -0.15 Ending Stocks 4.25 3.05 4.10 5.30 Avg. Farm Price 3/ 84.8 76.0 70.0 68.0 ================================================================================ WASDE - 650 - 18 July 2024 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 273.27 789.01 212.07 154.85 791.26 220.74 271.02 World Less China 136.51 651.29 198.78 121.85 643.26 219.80 132.20 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 254.91 744.12 208.76 152.82 760.93 200.01 255.52 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.10 161.28 45.18 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.00 48.00 14.39 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 173.02 206.11 134.02 50.69 320.01 15.13 178.01 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.24 29.68 1.67 46.62 0.77 12.25 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26 Southeast Asia 9/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. World 3/ 271.02 788.95 218.79 157.64 798.98 220.61 260.99 World Less China 132.20 652.36 204.79 120.64 644.98 219.61 126.58 United States 15.50 49.31 3.76 2.37 30.23 19.24 19.11 Total Foreign 255.52 739.64 215.03 155.27 768.76 201.37 241.88 Major Exporters 4/ 45.18 322.45 13.69 73.75 181.55 164.10 35.67 Argentina 3.97 15.85 0.03 0.25 7.05 8.50 4.29 Australia 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Canada 3.51 31.95 0.58 4.00 9.20 25.00 1.85 European Union 5/ 16.04 134.15 12.50 46.50 111.00 37.00 14.69 Russia 14.39 91.50 0.30 17.50 40.50 55.50 10.19 Ukraine 2.90 23.00 0.08 2.00 6.80 18.10 1.08 Major Importers 6/ 178.01 208.72 135.50 55.21 328.81 19.53 173.89 Bangladesh 0.83 1.10 6.50 0.25 7.35 0.00 1.08 Brazil 1.80 8.10 6.00 0.60 12.00 2.83 1.07 China 138.82 136.59 14.00 37.00 154.00 1.00 134.41 Japan 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ 12.25 16.37 30.55 1.63 46.53 1.85 10.80 Nigeria 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ 12.26 20.77 19.95 3.13 39.73 0.74 12.52 Southeast Asia 9/ 3.59 0.00 29.00 8.95 26.60 1.15 4.84 Selected Other India 9.50 110.55 0.12 6.75 112.34 0.33 7.50 Kazakhstan 3.27 12.11 2.50 1.30 6.25 9.00 2.63 United Kingdom 2.50 13.98 2.80 7.10 15.25 0.60 3.43 ================================================================================ WASDE - 650 - 19 July 2024 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jun 259.56 790.75 207.08 147.71 798.04 212.81 252.27 Jul 260.99 796.19 206.70 148.41 799.94 212.89 257.24 World Less China Jun 126.15 650.75 196.08 114.71 647.04 211.91 119.76 Jul 126.58 656.19 194.70 115.41 648.94 211.99 122.73 United States Jun 18.71 51.02 3.27 2.72 30.59 21.77 20.64 Jul 19.11 54.66 2.86 2.99 30.86 22.45 23.31 Total Foreign Jun 240.84 739.73 203.82 144.99 767.45 191.04 231.63 Jul 241.88 741.53 203.85 145.42 769.08 190.44 233.93 Major Exporters 4/ Jun 37.19 313.50 11.14 70.25 178.05 154.00 29.78 Jul 35.67 314.50 11.14 70.25 178.05 154.00 29.26 Argentina Jun 4.29 17.50 0.01 0.25 7.05 11.50 3.25 Jul 4.29 18.00 0.01 0.25 7.05 11.50 3.75 Australia Jun 3.57 29.00 0.20 3.50 7.00 22.00 3.77 Jul 3.57 29.00 0.20 3.50 7.00 22.00 3.77 Canada Jun 1.87 34.00 0.55 4.00 9.30 24.50 2.62 Jul 1.85 35.00 0.55 4.00 9.30 25.00 3.10 European Union 5/ Jun 15.19 130.50 10.00 44.50 109.25 35.00 11.44 Jul 14.69 130.00 10.00 44.50 109.25 34.50 10.94 Russia Jun 11.19 83.00 0.30 16.00 38.75 48.00 7.74 Jul 10.19 83.00 0.30 16.00 38.75 48.00 6.74 Ukraine Jun 1.08 19.50 0.08 2.00 6.70 13.00 0.96 Jul 1.08 19.50 0.08 2.00 6.70 13.00 0.96 Major Importers 6/ Jun 171.46 212.48 130.02 50.03 325.90 18.21 169.85 Jul 173.89 211.88 130.22 50.23 326.45 17.61 171.93 Bangladesh Jun 1.08 1.10 6.50 0.25 7.65 0.00 1.03 Jul 1.08 1.10 6.50 0.25 7.65 0.00 1.03 Brazil Jun 1.00 9.50 5.50 0.50 11.90 3.00 1.10 Jul 1.07 9.50 5.50 0.50 11.90 3.00 1.17 China Jun 133.41 140.00 11.00 33.00 151.00 0.90 132.51 Jul 134.41 140.00 12.00 33.00 151.00 0.90 134.51 Japan Jun 1.13 1.16 5.30 0.65 6.10 0.30 1.19 Jul 1.13 1.16 5.30 0.65 6.10 0.30 1.19 N. Africa 7/ Jun 10.87 16.05 31.40 1.65 46.80 1.40 10.12 Jul 10.80 16.05 31.40 1.65 46.70 1.40 10.15 Nigeria Jun 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Jul 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Sel. Mideast 8/ Jun 12.52 22.09 19.42 3.03 40.11 0.81 13.12 Jul 12.52 22.09 19.32 3.13 40.56 0.81 12.56 Southeast Asia 9/ Jun 4.62 0.00 26.80 7.95 25.85 1.14 4.43 Jul 4.84 0.00 27.40 8.05 26.05 1.14 5.06 India Jun 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Jul 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Kazakhstan Jun 2.63 14.50 2.00 1.50 6.45 10.50 2.18 Jul 2.63 14.50 2.00 1.50 6.45 10.50 2.18 United Kingdom Jun 3.23 10.85 3.00 6.00 14.00 0.60 2.48 Jul 3.43 10.85 3.00 6.00 14.00 0.50 2.78 ================================================================================ WASDE - 650 - 20 July 2024 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 341.56 1451.54 213.06 892.24 1459.54 220.33 333.56 World Less China 131.54 1165.84 180.44 661.99 1137.97 220.32 126.79 United States 37.48 356.45 3.24 142.36 314.97 45.06 37.14 Total Foreign 304.08 1095.09 209.81 749.89 1144.57 175.26 296.42 Major Exporters 4/ 30.42 331.35 4.57 139.45 191.20 145.86 29.28 Argentina 5.58 42.91 0.02 11.70 17.63 28.75 2.14 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92 Brazil 4.54 143.48 1.98 67.35 84.99 54.28 10.72 Canada 3.71 30.54 2.18 17.15 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.08 29.92 3.79 Major Importers 5/ 38.50 229.17 135.95 273.25 354.36 13.00 36.25 European Union 6/ 18.81 132.96 25.49 112.08 150.34 11.10 15.80 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.94 33.88 20.27 32.88 52.75 0.05 5.30 N. Afr & Mideast 7/ 6.76 31.12 32.85 54.91 62.69 1.05 6.99 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. World 3/ 333.56 1500.19 231.33 915.34 1495.80 244.42 337.94 World Less China 126.79 1203.05 185.93 671.54 1159.50 244.39 124.96 United States 37.14 402.89 2.69 150.23 329.35 62.89 50.48 Total Foreign 296.42 1097.30 228.64 765.11 1166.45 181.53 287.47 Major Exporters 4/ 29.28 325.96 5.72 138.63 190.61 152.79 17.56 Argentina 2.14 60.38 0.02 12.21 18.47 41.60 2.46 Australia 3.92 14.54 0.00 5.66 7.54 9.06 1.86 Brazil 10.72 128.54 1.88 68.93 86.51 50.14 4.50 Canada 3.72 27.16 3.31 17.65 25.44 5.80 2.95 Russia 2.32 42.54 0.10 21.54 30.64 12.61 1.71 Ukraine 3.79 38.28 0.02 6.17 8.79 30.56 2.74 Major Importers 5/ 36.25 228.42 140.17 273.24 356.61 14.64 33.59 European Union 6/ 15.80 135.96 22.70 109.05 148.67 11.45 14.34 Japan 1.45 0.25 16.98 13.30 17.20 0.00 1.48 Mexico 5.30 27.82 22.85 33.01 52.98 0.03 2.95 N. Afr & Mideast 7/ 6.99 33.32 36.43 58.15 66.48 2.60 7.67 Saudi Arabia 1.40 0.24 6.01 5.92 6.26 0.00 1.39 Southeast Asia 8/ 2.86 30.56 18.81 39.95 48.40 0.56 3.26 South Korea 1.91 0.16 11.71 9.34 11.83 0.00 1.96 Selected Other China 206.77 297.14 45.40 243.80 336.30 0.03 212.98 ================================================================================ WASDE - 650 - 21 July 2024 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jun 339.13 1511.19 227.31 936.77 1512.67 233.28 337.64 Jul 337.94 1512.38 226.36 936.58 1511.92 231.78 338.40 World Less China Jun 126.85 1210.89 185.66 688.92 1172.52 233.26 123.58 Jul 124.96 1212.08 185.11 688.33 1171.27 231.75 124.54 United States Jun 54.07 391.77 2.51 149.86 329.40 62.59 56.38 Jul 50.48 397.52 2.51 151.79 331.33 62.84 56.34 Total Foreign Jun 285.06 1119.41 224.80 786.91 1183.28 170.70 281.26 Jul 287.47 1114.86 223.85 784.79 1180.59 168.94 282.06 Major Exporters 4/ Jun 18.93 328.73 4.58 140.49 192.80 143.56 15.90 Jul 17.56 325.97 5.08 139.18 191.28 142.27 15.07 Argentina Jun 2.46 59.49 0.01 12.43 18.84 40.40 2.71 Jul 2.46 59.49 0.01 12.43 18.84 40.40 2.71 Australia Jun 1.86 15.37 0.00 5.44 7.31 8.16 1.76 Jul 1.86 15.37 0.00 5.44 7.31 8.16 1.76 Brazil Jun 4.38 133.76 2.02 70.05 87.59 49.09 3.49 Jul 4.50 133.76 2.02 70.05 87.64 49.09 3.55 Canada Jun 3.03 28.68 2.29 17.40 25.45 5.73 2.81 Jul 2.95 27.12 2.79 16.70 24.50 5.63 2.73 Russia Jun 1.72 40.43 0.10 21.86 30.83 10.20 1.22 Jul 1.71 39.23 0.10 21.86 30.83 9.00 1.21 Ukraine Jun 4.14 33.47 0.02 6.26 8.68 26.76 2.19 Jul 2.74 33.47 0.02 5.65 8.07 26.77 1.39 Major Importers 5/ Jun 31.94 242.42 140.42 285.57 369.36 13.10 32.32 Jul 33.59 240.78 139.42 284.67 368.45 12.58 32.76 European Union 6/ Jun 14.35 147.49 19.49 114.49 154.38 11.77 15.18 Jul 14.34 145.69 19.49 113.39 153.28 11.27 14.97 Japan Jun 1.49 0.26 16.91 13.45 17.20 0.00 1.47 Jul 1.48 0.26 16.91 13.45 17.19 0.00 1.46 Mexico Jun 2.74 30.36 22.58 33.00 53.00 0.05 2.62 Jul 2.95 30.36 22.78 33.20 53.20 0.03 2.85 N. Afr & Mideast 7/ Jun 6.21 32.29 38.06 61.56 69.78 0.72 6.06 Jul 7.67 32.45 36.76 61.46 69.68 0.72 6.49 Saudi Arabia Jun 1.40 0.24 7.61 7.52 7.86 0.00 1.39 Jul 1.39 0.24 7.61 7.52 7.86 0.00 1.38 Southeast Asia 8/ Jun 3.26 31.51 19.21 41.50 50.35 0.56 3.05 Jul 3.26 31.51 19.21 41.50 50.35 0.56 3.05 South Korea Jun 1.96 0.16 11.80 9.43 11.92 0.00 2.00 Jul 1.96 0.16 11.90 9.53 12.02 0.00 2.00 China Jun 212.28 300.30 41.65 247.85 340.15 0.03 214.06 Jul 212.98 300.30 41.25 248.25 340.65 0.03 213.86 ================================================================================ WASDE - 650 - 22 July 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 313.74 1159.60 173.39 732.38 1171.01 180.34 302.33 World Less China 104.60 882.40 154.68 514.38 872.01 180.33 96.29 United States 34.98 346.74 0.98 139.34 305.93 42.22 34.55 Total Foreign 278.76 812.87 172.41 593.04 865.08 138.12 267.78 Major Exporters 4/ 19.40 232.93 1.45 91.34 120.34 115.97 17.47 Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.94 13.24 3.44 2.40 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.60 118.42 95.27 157.55 211.85 5.05 20.38 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.19 55.80 75.10 4.20 7.69 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.18 28.08 19.39 27.50 46.00 0.05 4.59 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 302.33 1225.45 188.35 762.23 1218.66 200.95 309.13 World Less China 96.29 936.61 165.35 537.23 911.66 200.93 98.27 United States 34.55 389.69 0.76 146.69 320.82 56.52 47.67 Total Foreign 267.78 835.76 187.59 615.54 897.84 144.43 261.45 Major Exporters 4/ 17.47 235.60 1.53 92.70 121.90 124.00 8.70 Argentina 1.32 52.00 0.02 10.40 14.80 37.00 1.54 Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84 Russia 0.91 16.60 0.05 9.70 10.80 6.00 0.76 South Africa 2.40 14.00 0.15 6.30 12.50 3.00 1.05 Ukraine 2.80 31.00 0.02 3.30 4.30 28.00 1.51 Major Importers 5/ 20.38 121.62 99.80 162.75 218.30 4.99 18.51 Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41 European Union 6/ 7.69 61.00 20.50 57.00 77.20 4.40 7.59 Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico 4.59 22.70 22.00 28.20 46.80 0.03 2.46 Southeast Asia 7/ 2.85 30.51 18.10 39.45 47.65 0.56 3.25 South Korea 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada 1.63 15.08 3.20 11.00 16.50 1.80 1.60 China 206.04 288.84 23.00 225.00 307.00 0.02 210.86 ================================================================================ WASDE - 650 - 23 July 2024 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jun 312.39 1220.54 186.16 774.44 1222.16 191.75 310.77 Jul 309.13 1224.79 186.51 774.75 1222.28 191.81 311.64 World Less China Jun 101.53 928.54 163.16 543.44 909.16 191.73 97.93 Jul 98.27 932.79 163.51 543.75 909.28 191.79 98.80 United States Jun 51.36 377.46 0.64 146.06 320.18 55.88 53.39 Jul 47.67 383.56 0.64 147.96 322.09 56.52 53.26 Total Foreign Jun 261.03 843.08 185.53 628.39 901.98 135.86 257.38 Jul 261.45 841.23 185.88 626.79 900.19 135.29 258.38 Major Exporters 4/ Jun 10.10 238.10 1.58 94.60 124.15 117.70 7.92 Jul 8.70 237.70 1.58 94.00 123.55 117.30 7.12 Argentina Jun 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Jul 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Brazil Jun 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Jul 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Russia Jun 0.76 15.40 0.05 9.70 10.80 5.00 0.41 Jul 0.76 15.00 0.05 9.70 10.80 4.60 0.41 South Africa Jun 1.05 17.00 0.00 6.90 13.40 3.20 1.45 Jul 1.05 17.00 0.00 6.90 13.40 3.20 1.45 Ukraine Jun 2.91 27.70 0.02 3.70 4.65 24.50 1.48 Jul 1.51 27.70 0.02 3.10 4.05 24.50 0.68 Major Importers 5/ Jun 18.29 129.07 98.10 166.70 222.80 4.81 17.85 Jul 18.51 128.27 98.40 166.40 222.50 4.59 18.08 Egypt Jun 1.41 7.60 8.00 13.10 15.60 0.00 1.41 Jul 1.41 7.60 8.00 13.10 15.60 0.00 1.41 European Union 6/ Jun 7.59 64.80 18.00 58.30 78.70 4.20 7.49 Jul 7.59 64.00 18.00 57.70 78.10 4.00 7.49 Japan Jun 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Jul 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Jun 2.25 25.00 21.80 28.20 46.90 0.05 2.10 Jul 2.46 25.00 22.00 28.40 47.10 0.03 2.33 Southeast Asia 7/ Jun 3.25 31.46 18.40 40.90 49.50 0.56 3.05 Jul 3.25 31.46 18.40 40.90 49.50 0.56 3.05 South Korea Jun 1.94 0.10 11.70 9.40 11.75 0.00 1.99 Jul 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Canada Jun 1.60 15.00 2.20 10.00 15.50 1.70 1.60 Jul 1.60 14.50 2.70 10.00 15.50 1.70 1.60 China Jun 210.86 292.00 23.00 231.00 313.00 0.02 212.84 Jul 210.86 292.00 23.00 231.00 313.00 0.02 212.84 ================================================================================ WASDE - 650 - 24 July 2024 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2022/23 World 3/ 183.68 515.83 56.56 520.09 54.64 179.42 World Less China 70.68 369.88 52.18 365.10 52.90 72.82 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.42 510.75 55.30 515.50 52.58 178.46 Major Exporters 4/ 44.44 202.73 2.81 163.14 42.54 44.30 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.32 0.01 3.93 3.76 2.02 Thailand 4.13 20.91 0.05 12.60 8.74 3.75 Vietnam 2.86 26.94 2.75 21.90 8.23 2.42 Major Importers 5/ 125.49 238.77 23.40 263.79 2.16 121.70 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.10 0.00 3.38 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.53 1.98 3.34 0.05 0.69 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.88 0.06 1.43 2023/24 Est. World 3/ 179.42 520.87 51.84 523.11 54.39 177.19 World Less China 72.82 376.25 50.19 374.89 52.74 74.19 United States 0.96 6.93 1.41 4.99 3.05 1.27 Total Foreign 178.46 513.94 50.44 518.12 51.35 175.92 Major Exporters 4/ 44.30 205.82 2.86 166.20 41.20 45.58 Burma 1.11 11.95 0.00 10.10 2.00 0.96 India 35.00 137.00 0.00 117.50 16.00 38.50 Pakistan 2.02 9.87 0.01 4.00 6.40 1.50 Thailand 3.75 20.00 0.10 12.60 8.50 2.75 Vietnam 2.42 27.00 2.75 22.00 8.30 1.87 Major Importers 5/ 121.70 237.20 19.98 258.72 2.04 118.11 China 106.60 144.62 1.65 148.22 1.65 103.00 European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68 Indonesia 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria 2.18 5.36 1.80 7.50 0.00 1.83 Philippines 3.38 12.50 4.80 16.90 0.00 3.78 Sel. Mideast 7/ 1.27 2.02 4.70 6.55 0.00 1.44 Selected Other Brazil 0.62 7.00 1.30 7.15 1.10 0.67 C. Amer & Carib 8/ 0.69 1.51 1.72 3.13 0.03 0.76 Egypt 0.60 3.78 0.30 4.05 0.01 0.63 Japan 1.81 7.27 0.69 8.00 0.08 1.69 Mexico 0.09 0.15 0.83 0.98 0.01 0.08 South Korea 1.43 3.70 0.46 4.18 0.11 1.31 ================================================================================ WASDE - 650 - 25 July 2024 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jun 176.79 527.63 50.63 526.44 53.89 177.98 Jul 177.19 528.17 50.82 527.27 54.58 178.09 World Less China Jun 73.79 381.63 49.13 381.44 52.39 73.98 Jul 74.19 382.17 49.32 382.27 53.08 74.09 United States Jun 1.27 6.99 1.41 5.08 3.18 1.41 Jul 1.27 7.04 1.45 5.08 3.21 1.46 Total Foreign Jun 175.53 520.63 49.22 521.36 50.71 176.57 Jul 175.92 521.13 49.37 522.19 51.37 176.63 Major Exporters 4/ Jun 45.26 206.70 3.06 168.90 40.10 46.02 Jul 45.58 207.20 3.06 169.00 40.70 46.13 Burma Jun 0.96 12.10 0.01 10.20 1.80 1.07 Jul 0.96 12.10 0.01 10.20 1.80 1.07 India Jun 38.50 138.00 0.00 120.00 18.00 38.50 Jul 38.50 138.00 0.00 120.00 18.00 38.50 Pakistan Jun 1.18 9.50 0.00 4.00 5.30 1.38 Jul 1.50 10.00 0.00 4.10 5.90 1.50 Thailand Jun 2.75 20.10 0.10 12.60 7.50 2.85 Jul 2.75 20.10 0.10 12.60 7.50 2.85 Vietnam Jun 1.87 27.00 2.95 22.10 7.50 2.22 Jul 1.87 27.00 2.95 22.10 7.50 2.22 Major Importers 5/ Jun 118.21 241.47 18.05 257.40 1.95 118.39 Jul 118.11 241.47 18.15 257.55 1.95 118.24 China Jun 103.00 146.00 1.50 145.00 1.50 104.00 Jul 103.00 146.00 1.50 145.00 1.50 104.00 European Union 6/ Jun 0.68 1.72 2.20 3.35 0.40 0.85 Jul 0.68 1.72 2.20 3.35 0.40 0.85 Indonesia Jun 5.22 34.00 1.50 36.50 0.00 4.22 Jul 5.22 34.00 1.50 36.50 0.00 4.22 Nigeria Jun 1.83 5.48 2.00 7.60 0.00 1.71 Jul 1.83 5.48 2.00 7.60 0.00 1.71 Philippines Jun 3.88 12.70 4.70 17.40 0.00 3.88 Jul 3.78 12.70 4.70 17.50 0.00 3.68 Sel. Mideast 7/ Jun 1.44 2.28 4.70 6.85 0.00 1.56 Jul 1.44 2.28 4.70 6.85 0.00 1.56 Brazil Jun 0.67 7.50 0.95 6.95 1.30 0.87 Jul 0.67 7.50 0.95 6.95 1.30 0.87 C. Amer & Carib 8/ Jun 0.71 1.55 1.85 3.34 0.03 0.74 Jul 0.76 1.55 1.86 3.36 0.03 0.77 Egypt Jun 0.63 3.60 0.40 4.15 0.01 0.47 Jul 0.63 3.60 0.40 4.15 0.01 0.47 Japan Jun 1.69 7.20 0.69 7.95 0.08 1.55 Jul 1.69 7.20 0.69 7.95 0.08 1.55 Mexico Jun 0.08 0.16 0.84 0.99 0.01 0.08 Jul 0.08 0.16 0.84 0.99 0.01 0.08 South Korea Jun 1.48 3.60 0.44 3.90 0.13 1.49 Jul 1.31 3.60 0.44 3.90 0.13 1.32 ================================================================================ WASDE - 650 - 26 July 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2022/23 World 74.23 116.41 37.65 112.44 37.10 -0.73 79.48 World Less China 36.29 85.71 31.42 74.94 37.01 -0.73 42.20 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 70.18 101.95 37.65 110.39 24.33 -0.19 75.23 Major Exporters 4/ 21.75 55.76 2.38 32.81 20.06 -0.20 27.22 Central Asia 5/ 2.73 5.54 0.01 3.53 1.12 0.00 3.63 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.50 1.10 0.00 10.82 Major Importers 8/ 46.55 42.88 32.86 73.57 3.01 0.02 45.70 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 37.94 30.70 6.23 37.50 0.09 0.00 37.28 European Union 9/ 0.30 1.64 0.52 0.56 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 2023/24 Est. World 79.48 113.70 43.28 113.29 44.21 -0.35 79.31 World Less China 42.20 86.20 28.48 74.79 44.14 -0.35 38.31 United States 4.25 12.07 0.01 1.85 11.60 -0.18 3.05 Total Foreign 75.23 101.63 43.27 111.44 32.61 -0.18 76.26 Major Exporters 4/ 27.22 58.67 1.56 33.76 28.05 -0.18 25.81 Central Asia 5/ 3.63 5.20 0.01 3.86 1.61 0.00 3.38 Afr. Fr. Zone 6/ 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ 11.34 21.86 0.15 4.15 19.29 -0.18 10.09 Australia 4.78 5.00 3/ 0.01 5.80 -0.18 4.15 Brazil 4.01 14.57 0.01 3.10 12.30 0.00 3.19 India 10.82 26.20 0.90 25.00 2.25 0.00 10.67 Major Importers 8/ 45.70 39.51 39.18 73.56 2.81 0.00 48.03 Mexico 0.38 0.90 0.60 1.40 0.23 0.00 0.25 China 37.28 27.50 14.80 38.50 0.08 0.00 41.01 European Union 9/ 0.39 1.05 0.51 0.54 0.98 0.00 0.43 Turkey 2.63 3.20 3.50 6.50 1.40 0.00 1.43 Pakistan 1.53 6.70 2.70 9.20 0.10 0.00 1.63 Indonesia 0.36 3/ 1.83 1.78 0.02 0.00 0.40 Thailand 0.14 3/ 0.42 0.46 0.00 0.00 0.10 Bangladesh 1.73 0.16 7.40 7.70 0.00 0.00 1.59 Vietnam 1.05 3/ 6.80 6.80 0.00 0.00 1.05 ================================================================================ WASDE - 650 - 27 July 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2024/25 Proj. World Jun 80.97 119.14 44.95 116.94 44.95 -0.32 83.49 Jul 79.31 120.19 44.59 117.19 44.59 -0.32 82.63 World Less China Jun 39.97 92.14 32.95 77.94 44.88 -0.32 42.56 Jul 38.31 92.69 33.09 78.19 44.52 -0.32 41.70 United States Jun 2.85 16.00 0.01 1.90 13.00 -0.15 4.10 Jul 3.05 17.00 0.01 1.90 13.00 -0.15 5.30 Total Foreign Jun 78.12 103.14 44.95 115.04 31.95 -0.18 79.39 Jul 76.26 103.19 44.59 115.29 31.59 -0.18 77.33 Major Exporters 4/ Jun 26.68 59.83 2.22 34.42 27.77 -0.18 26.72 Jul 25.81 59.88 2.20 34.71 27.41 -0.18 25.95 Central Asia 5/ Jun 3.46 5.19 0.03 4.09 1.36 0.00 3.23 Jul 3.38 5.19 0.03 4.08 1.40 0.00 3.12 Afr. Fr. Zone 6/ Jun 1.33 5.12 3/ 0.10 4.90 0.00 1.45 Jul 1.33 5.12 3/ 0.10 4.90 0.00 1.45 S. Hemis. 7/ Jun 10.06 24.05 0.15 4.36 19.18 -0.18 10.89 Jul 10.09 24.05 0.15 4.36 19.18 -0.18 10.92 Australia Jun 4.15 5.00 3/ 0.01 5.40 -0.18 3.91 Jul 4.15 5.00 3/ 0.01 5.40 -0.18 3.91 Brazil Jun 3.09 16.70 0.01 3.30 12.50 0.00 4.00 Jul 3.19 16.70 0.01 3.30 12.50 0.00 4.10 India Jun 11.47 25.00 1.50 25.20 1.90 0.00 10.87 Jul 10.67 25.00 1.50 25.50 1.50 0.00 10.17 Major Importers 8/ Jun 48.06 39.82 40.01 76.57 2.39 0.00 48.94 Jul 48.03 39.82 39.71 76.27 2.39 0.00 48.90 Mexico Jun 0.25 0.80 0.90 1.50 0.20 0.00 0.25 Jul 0.25 0.80 0.90 1.50 0.20 0.00 0.25 China Jun 41.01 27.00 12.00 39.00 0.08 0.00 40.93 Jul 41.01 27.50 11.50 39.00 0.08 0.00 40.93 European Union 9/ Jun 0.46 1.36 0.55 0.57 1.25 0.00 0.55 Jul 0.43 1.36 0.55 0.57 1.25 0.00 0.52 Turkey Jun 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Jul 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Pakistan Jun 1.63 6.50 3.70 9.80 0.05 0.00 1.98 Jul 1.63 6.00 3.90 9.50 0.05 0.00 1.98 Indonesia Jun 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Jul 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Jun 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Jul 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Bangladesh Jun 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Jul 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Vietnam Jun 1.05 3/ 7.10 7.10 0.00 0.00 1.05 Jul 1.05 3/ 7.10 7.10 0.00 0.00 1.05 ================================================================================ WASDE - 650 - 28 July 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2022/23 World 2/ 92.58 378.37 167.86 315.44 366.44 171.76 100.61 World Less China 67.44 358.09 63.36 219.44 248.94 171.67 68.27 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.11 262.15 167.19 255.24 303.15 117.88 93.42 Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 100.61 395.41 172.86 329.18 382.50 175.13 111.25 World Less China 68.27 374.57 64.86 230.18 260.80 175.03 71.87 United States 7.19 113.34 0.54 62.32 65.41 46.27 9.40 Total Foreign 93.42 282.07 172.32 266.85 317.09 128.87 101.85 Major Exporters 3/ 54.09 216.20 7.48 93.10 104.50 118.25 55.02 Argentina 17.00 49.50 6.70 35.50 42.75 5.60 24.85 Brazil 36.82 153.00 0.75 54.00 57.85 103.00 29.72 Paraguay 0.17 10.50 0.02 3.50 3.65 6.85 0.19 Major Importers 4/ 34.51 24.73 140.64 127.00 157.41 0.42 42.05 China 32.34 20.84 108.00 99.00 121.70 0.10 39.38 European Union 1.10 2.98 13.80 14.50 16.22 0.30 1.36 Southeast Asia 5/ 0.67 0.47 9.14 4.59 9.45 0.01 0.82 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. World 2/ Jun 111.07 422.26 176.40 345.78 401.63 180.20 127.90 Jul 111.25 421.85 176.40 345.68 401.54 180.20 127.76 World Less China Jun 74.69 401.56 67.40 242.78 274.83 180.10 88.72 Jul 71.87 401.15 67.40 242.68 274.74 180.10 85.58 United States Jun 9.53 121.11 0.41 66.00 68.99 49.67 12.38 Jul 9.40 120.70 0.41 66.00 68.99 49.67 11.85 Total Foreign Jun 101.54 301.15 175.99 279.79 332.64 130.53 115.51 Jul 101.85 301.15 175.99 279.69 332.55 130.53 115.91 Major Exporters 3/ Jun 57.37 233.80 5.68 97.60 109.63 120.10 67.12 Jul 55.02 233.80 5.68 97.60 109.63 120.10 64.77 Argentina Jun 26.15 51.00 5.50 40.00 47.60 5.50 29.55 Jul 24.85 51.00 5.50 40.00 47.60 5.50 28.25 Brazil Jun 30.57 169.00 0.15 54.00 58.10 105.00 36.62 Jul 29.72 169.00 0.15 54.00 58.10 105.00 35.77 Paraguay Jun 0.39 10.70 0.02 3.50 3.68 6.80 0.63 Jul 0.19 10.70 0.02 3.50 3.68 6.80 0.43 Major Importers 4/ Jun 39.28 24.62 143.36 132.41 164.32 0.42 42.52 Jul 42.05 24.62 143.36 132.41 164.25 0.42 45.36 China Jun 36.38 20.70 109.00 103.00 126.80 0.10 39.18 Jul 39.38 20.70 109.00 103.00 126.80 0.10 42.18 European Union Jun 1.46 3.05 14.30 15.20 17.02 0.30 1.49 Jul 1.36 3.05 14.30 15.20 17.02 0.30 1.39 Southeast Asia 5/ Jun 0.95 0.46 10.01 5.00 10.16 0.01 1.24 Jul 0.82 0.46 10.01 5.00 10.09 0.01 1.19 Mexico Jun 0.26 0.16 6.70 6.65 6.71 0.00 0.41 Jul 0.26 0.16 6.70 6.65 6.71 0.00 0.41 ================================================================================ WASDE - 650 - 29 July 2024 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 16.23 247.83 63.00 246.79 67.07 13.20 World Less China 15.52 171.79 62.96 171.74 66.27 12.27 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 15.95 200.21 62.43 211.85 53.87 12.87 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.20 258.30 69.04 254.43 72.45 13.66 World Less China 12.27 179.90 68.99 177.28 71.15 12.71 United States 0.34 48.99 0.59 35.04 14.52 0.36 Total Foreign 12.87 209.31 68.45 219.39 57.94 13.30 Major Exporters 3/ 5.66 78.15 0.08 31.17 47.75 4.97 Argentina 2.31 27.69 0.01 3.48 24.40 2.14 Brazil 3.15 41.58 0.02 20.50 21.80 2.45 India 0.20 8.88 0.05 7.19 1.55 0.39 Major Importers 4/ 1.68 21.99 38.50 59.04 0.99 2.13 European Union 0.49 11.46 16.10 26.74 0.70 0.60 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.58 18.50 21.54 0.29 1.26 China 0.94 78.41 0.05 77.15 1.30 0.95 2024/25 Proj. World 2/ Jun 14.28 271.24 70.94 265.65 74.60 16.21 Jul 13.66 271.16 70.84 265.63 74.50 15.53 World Less China Jun 13.23 189.67 70.89 185.20 73.60 14.99 Jul 12.71 189.59 70.79 184.98 73.50 14.61 United States Jun 0.36 51.78 0.54 36.40 15.88 0.41 Jul 0.36 51.78 0.54 36.40 15.88 0.41 Total Foreign Jun 13.91 219.47 70.39 229.25 58.72 15.80 Jul 13.30 219.39 70.30 229.23 58.63 15.13 Major Exporters 3/ Jun 5.56 81.58 0.07 32.38 49.00 5.84 Jul 4.97 81.58 0.07 32.18 49.00 5.45 Argentina Jun 2.14 31.20 0.01 3.55 27.30 2.50 Jul 2.14 31.20 0.01 3.55 27.30 2.50 Brazil Jun 3.04 41.58 0.01 21.20 20.50 2.93 Jul 2.45 41.58 0.01 21.00 20.50 2.54 India Jun 0.39 8.80 0.05 7.63 1.20 0.41 Jul 0.39 8.80 0.05 7.63 1.20 0.41 Major Importers 4/ Jun 2.18 23.09 39.70 61.32 1.19 2.45 Jul 2.13 23.09 39.58 61.18 1.19 2.42 European Union Jun 0.61 12.01 16.20 27.24 0.90 0.68 Jul 0.60 12.01 16.20 27.24 0.90 0.66 Mexico Jun 0.19 5.26 2.20 7.43 0.00 0.22 Jul 0.19 5.26 2.20 7.43 0.00 0.22 Southeast Asia 5/ Jun 1.30 3.90 19.55 22.99 0.29 1.48 Jul 1.26 3.90 19.43 22.83 0.29 1.47 China Jun 1.05 81.58 0.05 80.45 1.00 1.22 Jul 0.95 81.58 0.05 80.65 1.00 0.92 ================================================================================ WASDE - 650 - 30 July 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 5.10 59.62 10.88 58.87 11.73 5.01 World Less China 4.72 42.41 10.49 41.87 11.62 4.13 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.72 10.71 46.80 11.56 4.28 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.28 1.98 0.08 0.19 2023/24 Est. World 2/ 5.01 62.24 10.38 61.41 11.00 5.21 World Less China 4.13 44.49 9.98 43.31 10.90 4.40 United States 0.73 12.23 0.27 12.25 0.25 0.73 Total Foreign 4.28 50.01 10.10 49.16 10.75 4.48 Major Exporters 3/ 1.46 21.23 0.57 13.93 7.59 1.73 Argentina 0.32 7.01 0.00 2.25 4.80 0.28 Brazil 0.49 10.80 0.07 9.15 1.40 0.81 European Union 0.56 2.76 0.50 2.46 0.75 0.61 Major Importers 4/ 1.68 20.99 5.15 26.20 0.17 1.46 China 0.87 17.74 0.40 18.10 0.10 0.82 India 0.60 2.00 2.95 5.15 0.02 0.38 North Africa 5/ 0.19 0.89 1.23 2.02 0.05 0.24 2024/25 Proj. World 2/ Jun 5.28 65.37 11.24 64.60 12.05 5.25 Jul 5.21 65.36 11.19 64.61 11.94 5.21 World Less China Jun 4.26 46.92 10.84 45.80 11.95 4.27 Jul 4.40 46.90 10.79 45.81 11.84 4.44 United States Jun 0.75 12.93 0.20 12.79 0.27 0.83 Jul 0.73 12.93 0.20 12.79 0.27 0.81 Total Foreign Jun 4.53 52.44 11.04 51.81 11.77 4.42 Jul 4.48 52.42 10.99 51.82 11.66 4.41 Major Exporters 3/ Jun 1.53 22.25 0.57 14.34 8.53 1.48 Jul 1.73 22.25 0.57 14.44 8.43 1.68 Argentina Jun 0.28 7.90 0.00 2.36 5.50 0.32 Jul 0.28 7.90 0.00 2.36 5.50 0.32 Brazil Jun 0.58 10.80 0.04 9.43 1.40 0.60 Jul 0.81 10.80 0.04 9.53 1.40 0.72 European Union Jun 0.64 2.89 0.53 2.48 1.05 0.52 Jul 0.61 2.89 0.53 2.48 0.95 0.60 Major Importers 4/ Jun 1.72 21.87 5.80 27.64 0.21 1.54 Jul 1.46 21.87 5.80 27.60 0.21 1.32 China Jun 1.02 18.46 0.40 18.80 0.10 0.97 Jul 0.82 18.46 0.40 18.80 0.10 0.77 India Jun 0.38 1.98 3.50 5.60 0.02 0.25 Jul 0.38 1.98 3.50 5.60 0.02 0.25 North Africa 5/ Jun 0.27 1.04 1.25 2.20 0.08 0.29 Jul 0.24 1.04 1.25 2.18 0.08 0.27 ================================================================================ WASDE - 650 - 31 July 2024 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2023 III 6622 6490 13153 11681 1355 13195 26348 2311 56.0 IV 6810 7148 14003 11611 1343 13090 27094 2352 55.5 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2266 57.0 II 6770 6720 13534 11650 1335 13130 26664 2220 57.7 III* 6640 6835 13519 11900 1310 13360 26879 2270 56.3 IV* 6685 7490 14222 11800 1300 13240 27462 2330 55.9 JunProj. 26590 28104 54875 46865 5234 52664 107539 9086 227.3 JulProj. 26655 28139 54973 46780 5214 52564 107537 9086 226.9 2025 I* 6420 7110 13575 11750 1290 13185 26760 2355 57.0 II* 6495 6800 13339 11850 1290 13285 26624 2345 58.3 JunProj. 25365 28400 53943 47550 5320 53450 107393 9470 229.3 JulProj. 25465 28550 54193 47500 5280 53365 107558 9470 229.1 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 III 184.27 69.27 115.3 132.5 135.8 19.27 IV 177.93 53.58 118.5 100.8 182.2 21.17 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II 188.42 65.53 132.1 95.7 227.1 21.80 III* 190.00 63.00 124.0 96.0 225.0 22.95 IV* 188.00 53.00 125.0 99.0 235.0 23.70 JunProj. 184.01 61.24 127.5 96.8 230.9 21.60 JulProj. 186.86 59.13 127.3 95.7 236.4 22.25 2025 I* 188.00 56.00 124.0 98.0 170.0 22.90 II* 190.00 62.00 132.0 103.0 150.0 21.95 JunProj. 189 60 126 105 160 21.50 JulProj. 191 59 126 107 160 22.50 ================================================================================ WASDE - 650 - 32 July 2024 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2023 723 27034 3725 31482 3038 638 27807 58.1 2024 Proj. Jun 638 26657 4171 31465 2818 585 28062 58.3 Jul 638 26722 4146 31505 2908 590 28007 58.2 2025 Proj. Jun 585 25432 4225 30242 2500 570 27172 56.1 Jul 590 25532 4225 30347 2500 575 27272 56.3 Pork 2023 504 27318 1142 28965 6824 471 21670 50.2 2024 Proj. Jun 471 28119 1213 29804 7362 460 21982 50.6 Jul 471 28154 1213 29839 7247 460 22131 51.0 2025 Proj. Jun 460 28415 1230 30105 7615 495 21995 50.3 Jul 460 28565 1230 30255 7615 475 22165 50.7 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 109.5 2024 Proj. Jun 1130 54966 5706 61803 10184 1067 50552 110.3 Jul 1130 55064 5701 61896 10160 1072 50664 110.5 2025 Proj. Jun 1067 54035 5790 60891 10120 1086 49686 107.7 Jul 1072 54285 5790 61146 10120 1071 49956 108.3 Broiler 2023 892 45890 131 46914 7260 835 38819 99.5 2024 Proj. Jun 835 46364 165 47364 6734 790 39840 101.6 Jul 835 46279 165 47279 6744 790 39745 101.3 2025 Proj. Jun 790 47041 180 48011 6875 800 40336 102.1 Jul 790 46992 180 47962 6875 800 40287 102.0 Turkey 2023 190 5457 42 5689 490 243 4956 14.8 2024 Proj. Jun 243 5234 33 5510 515 210 4785 14.2 Jul 243 5214 39 5496 510 210 4776 14.2 2025 Proj. Jun 210 5320 40 5570 515 210 4845 14.3 Jul 210 5280 40 5530 530 210 4790 14.1 Total Poultry6/ 2023 1087 51934 177 53199 7770 1085 44344 115.9 2024 Proj. Jun 1085 52162 200 53447 7277 1006 45164 117.4 Jul 1085 52063 206 53354 7280 1005 45069 117.1 2025 Proj. Jun 1006 52941 226 54173 7418 1016 45739 118.1 Jul 1005 52856 226 54087 7433 1016 45638 117.8 RedMeat& Poultry 2023 2343 106474 5329 114147 17637 2215 94294 225.4 2024 Proj. Jun 2215 107128 5907 115250 17462 2073 95716 227.6 Jul 2215 107127 5908 115250 17440 2077 95733 227.7 2025 Proj. Jun 2073 106975 6016 115064 17538 2102 95424 225.8 Jul 2077 107141 6016 115234 17553 2087 95594 226.1 ================================================================================ WASDE - 650 - 33 July 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Jun Jul Jun Jul ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 22.5 23.0 Production 9116.6 9142.4 9085.7 9085.7 9470.0 9470.0 Imports 26.0 27.5 27.3 28.8 30.0 30.0 Total Supply 9161.7 9188.6 9136.1 9137.6 9522.5 9523.0 Use Exports 226.6 250.5 237.5 252.5 264.0 264.0 Hatching Use 1117.3 1112.5 1138.4 1138.4 1135.0 1135.0 Ending Stocks 18.8 23.1 22.5 23.0 23.0 23.0 Disappearance Total 7799.1 7802.6 7737.7 7723.7 8100.5 8101.0 Per Capita (number) 280.5 279.3 275.6 275.1 286.6 286.6 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Jun Jul Jun Jul ================================================================================ Billion Pounds Milk Production 226.4 226.4 227.3 226.9 229.3 229.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.5 13.5 Marketings 225.4 225.4 226.3 225.9 228.3 228.1 Imports 7.1 7.4 8.6 8.9 8.2 8.2 Total Supply 246.8 247.1 248.7 248.5 250.0 249.9 FatBasisUse Exports 12.8 10.5 11.2 11.4 11.5 11.3 Ending Stocks 14.4 13.8 13.5 13.5 13.1 13.5 Domestic Use 219.6 222.9 223.9 223.6 225.3 225.1 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 10.0 9.7 Marketings 225.4 225.4 226.3 225.9 228.3 228.1 Imports 6.7 6.3 7.3 7.0 7.0 6.9 Total Supply 243.2 243.3 243.5 242.8 245.3 244.7 Skim-solidBasisUse Exports 52.9 49.9 49.3 48.8 50.5 50.0 Ending Stocks 11.7 9.9 10.0 9.7 9.5 9.5 Domestic Use 178.7 183.6 184.2 184.3 185.4 185.1 ================================================================================ WASDE - 650 - 34 July 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity Jun Jul Jun Jul ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.790 1.820 1.795 1.855 Butter 2.8665 2.6170 2.970 3.005 2.945 2.965 Nonfat Dry Milk 1.6851 1.1856 1.175 1.185 1.140 1.190 Dry Whey 0.6057 0.3618 0.435 0.440 0.400 0.425 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 17.90 18.25 17.70 18.45 Class IV 24.47 19.12 20.50 20.75 20.10 20.60 All Milk 3/ 25.34 20.34 21.60 22.25 21.50 22.50 ================================================================================ WASDE - 650 - 35 July 2024 Reliability of July Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 2.7 4.5 13.9 1.0 34.6 25 18 U.S. 3.7 6.2 1.6 0.0 6.2 20 23 Foreign 2.9 5.0 13.7 0.3 34.7 26 17 Exports World 5.8 9.8 6.6 0.2 18.7 29 14 U.S. 11.2 18.8 2.5 0.1 10.0 23 20 Foreign 7.1 12.0 6.4 0.1 21.3 30 13 Domestic Use World 2.0 3.4 9.4 0.3 30.0 26 17 U.S. 6.9 11.7 1.8 0.0 5.0 15 28 Foreign 2.0 3.3 9.1 0.1 29.8 29 14 Ending Stocks World 9.3 15.6 11.8 0.1 35.3 28 15 U.S. 17.7 29.8 3.0 0.2 13.9 24 19 Foreign 9.7 16.3 10.3 0.3 31.7 29 14 COARSE GRAINS 2/ Production World 2.8 4.7 22.5 1.3 68.4 22 21 U.S. 9.6 16.2 15.1 0.0 57.9 19 24 Foreign 2.5 4.2 14.2 1.1 53.0 22 21 Exports World 7.5 12.6 7.7 0.6 23.8 29 14 U.S. 26.1 43.9 8.2 0.2 24.4 17 26 Foreign 13.4 22.6 7.2 0.2 19.7 30 13 Domestic Use World 1.7 2.9 14.0 0.0 46.0 22 21 U.S. 4.3 7.2 6.7 0.0 22.2 26 17 Foreign 1.9 3.2 11.6 1.0 40.6 23 20 Ending Stocks World 17.9 30.2 21.9 0.6 171.9 26 17 U.S. 42.1 70.9 12.6 0.4 50.5 18 25 Foreign 15.7 26.4 14.8 0.2 155.2 31 12 RICE, milled Production World 2.3 3.8 6.6 0.4 24.0 26 17 U.S. 5.5 9.3 0.3 0.0 0.8 21 20 Foreign 2.3 3.9 6.6 0.5 24.3 26 17 Exports World 8.9 15.0 1.9 0.0 6.7 30 13 U.S. 11.3 19.1 0.2 0.0 1.0 18 21 Foreign 9.8 16.4 1.8 0.0 6.5 30 13 Domestic Use World 1.9 3.2 4.6 0.2 22.9 27 16 U.S. 8.0 13.5 0.2 0.0 0.5 17 25 Foreign 1.9 3.3 4.6 0.2 22.9 27 16 Ending Stocks World 13.1 22.1 7.0 0.1 26.5 32 11 U.S. 28.8 48.5 0.3 0.0 1.0 25 17 Foreign 14.3 24.2 7.1 0.2 26.0 33 10 ================================================================================ WASDE - 650 - 36 July 2024 Reliability of July 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 5.1 8.6 8.4 0.5 33.2 19 24 U.S. 6.8 11.5 3.7 0.0 11.7 22 21 Foreign 7.5 12.6 7.3 1.0 34.1 21 22 Exports World 7.5 12.7 3.9 0.0 17.0 27 16 U.S. 12.6 21.3 3.0 0.1 9.3 23 20 Foreign 18.9 31.8 3.4 0.0 19.5 26 17 Domestic Use World 3.7 6.3 5.7 0.5 16.4 23 20 U.S. 4.9 8.3 1.5 0.0 4.9 24 19 Foreign 4.1 6.8 5.1 0.1 16.1 23 20 Ending Stocks World 14.8 25.0 5.0 0.0 26.1 23 20 U.S. 60.8 102.4 2.9 0.0 13.4 15 27 Foreign 18.2 30.6 4.5 0.0 21.8 27 16 COTTON Production World 5.5 9.2 3.8 0.0 14.9 23 20 U.S. 11.4 19.1 1.4 0.1 5.3 21 22 Foreign 5.6 9.4 2.9 0.0 12.1 22 20 Exports World 10.6 17.8 2.5 0.1 11.6 24 19 U.S. 25.9 43.6 1.3 0.1 3.6 24 19 Foreign 13.9 23.4 2.1 0.0 9.8 20 23 Domestic Use World 5.4 9.1 3.6 0.0 21.6 19 24 U.S. 11.1 18.7 0.5 0.0 1.4 19 23 Foreign 5.4 9.1 3.6 0.1 21.0 18 25 Ending Stocks World 15.8 26.7 6.4 0.2 20.1 26 17 U.S. 41.8 70.3 1.4 0.1 4.9 19 24 Foreign 15.5 26.0 5.5 0.5 19.5 28 15 ================================================================================ WASDE - 650 - 37 July 2024 Reliability of United States July 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 10.5 17.7 545 12 2190 23 20 Exports 26.8 45.1 290 0 900 17 24 Domestic Use 4.7 7.8 263 0 770 26 16 Ending Stocks 50.3 84.7 460 11 1840 19 24 SORGHUM Production 23.2 39.1 70 3 213 24 19 Exports 51.2 86.2 50 0 195 20 22 Domestic Use 32.0 53.9 51 3 139 18 25 Ending Stocks 64.0 107.8 42 0 174 15 27 BARLEY Production 7.4 12.5 19 0 87 15 27 Exports 73.4 123.6 13 0 92 26 15 Domestic Use 9.6 16.2 23 0 87 18 24 Ending Stocks 21.1 35.5 24 0 114 19 23 OATS Production 12.4 20.9 18 0 144 8 33 Exports 91.5 154.1 1 0 8 12 12 Domestic Use 6.7 11.2 15 0 67 11 27 Ending Stocks 23.1 38.9 13 0 68 17 24 Thousand Short Tons SOYBEAN MEAL Production 4.9 8.3 1172 118 4432 29 14 Exports 14.4 24.3 851 0 2450 24 18 Domestic Use 5.4 9.0 900 0 4470 20 22 Ending Stocks 38.6 64.9 50 0 413 11 19 Million Pounds SOYBEAN OIL Production 4.7 7.9 574 55 2130 30 13 Exports 46.0 77.4 424 0 1575 23 18 Domestic Use 4.2 7.1 491 0 2300 24 18 Ending Stocks 37.7 63.6 456 15 1568 22 21 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.7 781 60 2677 21 9 Pork 2.8 4.8 455 20 1372 14 16 Broilers 2.1 3.6 641 20 1338 13 17 Turkeys 4.1 7.0 178 2 468 10 20 Million Dozen Eggs 2.1 3.5 124 4 529 19 11 Billion Pounds Milk 1.6 2.7 2.3 0.1 7.0 17 13 ================================================================================