WASDE - 644 - 8 January 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/ 2021/22 2793.89 3589.15 513.50 2794.79 794.36 2022/23 (Est.) 2748.16 3542.51 495.55 2764.90 777.62 2023/24 (Proj.) Dec 2803.06 3577.14 499.61 2809.63 767.51 Jan 2812.30 3589.92 501.28 2810.97 778.95 Wheat 2021/22 780.05 1064.48 202.77 791.16 273.32 2022/23 (Est.) 789.17 1062.49 220.17 790.93 271.56 2023/24 (Proj.) Dec 783.01 1052.86 207.19 794.66 258.20 Jan 784.91 1056.47 209.54 796.44 260.03 Coarse Grains 5/ 2021/22 1500.75 1823.76 253.83 1486.01 337.75 2022/23 (Est.) 1446.03 1783.78 221.01 1453.53 330.25 2023/24 (Proj.) Dec 1501.99 1831.48 240.45 1489.93 341.55 Jan 1513.85 1844.10 240.25 1492.43 351.67 Rice, milled 2021/22 513.10 700.91 56.90 517.62 183.28 2022/23 (Est.) 512.96 696.24 54.38 520.44 175.81 2023/24 (Proj.) Dec 518.07 692.81 51.97 525.05 167.76 Jan 513.54 689.35 51.50 522.10 167.25 United States Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 2023/24 (Proj.) Dec 456.55 518.26 81.49 360.64 76.13 Jan 459.13 520.72 81.72 362.27 76.74 Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 2023/24 (Proj.) Dec 49.31 69.09 19.73 31.43 17.92 Jan 49.31 68.76 19.73 31.41 17.62 Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 2023/24 (Proj.) Dec 400.26 439.97 59.03 324.06 56.88 Jan 402.89 442.73 59.29 325.71 57.73 Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 2023/24 (Proj.) Dec 6.98 9.21 2.73 5.14 1.33 Jan 6.93 9.23 2.70 5.14 1.38 ================================================================================ WASDE - 644 - 9 January 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/ 2021/22 2346.73 3077.17 418.67 2434.73 737.27 2022/23 (Est.) 2341.73 3071.16 427.82 2414.87 724.02 2023/24 (Proj.) Dec 2346.51 3058.88 418.11 2448.99 691.38 Jan 2353.17 3069.20 419.57 2448.70 702.21 Wheat 2021/22 735.25 994.06 181.11 760.75 254.97 2022/23 (Est.) 744.27 995.92 199.52 760.51 256.06 2023/24 (Proj.) Dec 733.69 983.77 187.46 763.22 240.28 Jan 735.59 987.71 189.81 765.03 242.41 Coarse Grains 5/ 2021/22 1104.45 1390.86 183.31 1161.10 300.28 2022/23 (Est.) 1089.58 1386.60 175.96 1138.53 293.12 2023/24 (Proj.) Dec 1101.72 1391.51 181.42 1165.87 284.67 Jan 1110.96 1401.37 180.96 1166.71 293.94 Rice, milled 2021/22 507.03 692.25 54.25 512.88 182.02 2022/23 (Est.) 507.88 688.63 52.33 515.83 174.85 2023/24 (Proj.) Dec 511.09 683.60 49.24 519.90 166.43 Jan 506.61 680.12 48.80 516.96 165.87 ================================================================================ 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 2021/22 114.46 192.09 43.19 116.10 76.37 2022/23 (Est.) 116.56 192.93 36.96 111.16 83.22 2023/24 (Proj.) Dec 112.92 195.75 43.15 113.73 82.40 Jan 113.18 196.39 43.05 112.43 84.38 United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 2023/24 (Proj.) Dec 12.78 17.03 12.20 1.90 3.10 Jan 12.43 16.69 12.10 1.90 2.90 Foreign 4/ 2021/22 96.94 171.42 28.71 113.55 72.32 2022/23 (Est.) 102.09 174.41 24.20 109.11 78.97 2023/24 (Proj.) Dec 100.14 178.72 30.95 111.83 79.30 Jan 100.75 179.71 30.95 110.53 81.48 ================================================================================ WASDE - 644 - 10 January 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 2021/22 611.77 727.80 179.45 510.19 117.47 2022/23 (Est.) 634.53 752.00 202.61 523.68 120.11 2023/24 (Proj.) Dec 660.99 781.21 196.80 542.48 131.69 Jan 660.18 780.29 197.35 541.96 131.34 Oilmeals 2021/22 349.56 369.81 96.25 346.98 20.55 2022/23 (Est.) 356.63 377.18 96.95 355.45 17.80 2023/24 (Proj.) Dec 370.41 388.14 100.73 364.20 20.03 Jan 369.85 387.65 100.71 364.10 19.69 Vegetable Oils 2021/22 207.78 236.57 79.60 202.43 29.09 2022/23 (Est.) 217.18 246.27 88.27 210.78 30.88 2023/24 (Proj.) Dec 223.60 254.49 89.82 218.75 30.70 Jan 223.04 253.91 89.89 218.48 30.41 United States Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.35 8.85 2023/24 (Proj.) Dec 121.45 131.93 48.78 66.68 8.25 Jan 122.37 132.70 48.79 66.71 9.15 Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.05 54.71 13.51 40.80 0.41 2023/24 (Proj.) Dec 51.49 56.13 14.11 41.58 0.44 Jan 51.52 56.16 14.10 41.62 0.44 Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.27 20.81 0.33 19.36 1.12 2023/24 (Proj.) Dec 13.58 21.32 0.33 19.89 1.10 Jan 13.59 21.38 0.30 19.97 1.11 Foreign 3/ Oilseeds 2021/22 480.45 586.66 119.90 446.32 108.33 2022/23 (Est.) 508.78 615.58 147.49 459.33 111.26 2023/24 (Proj.) Dec 539.54 649.28 148.02 475.80 123.45 Jan 537.80 647.59 148.56 475.25 122.19 Oilmeals 2021/22 300.29 316.58 83.79 306.56 20.20 2022/23 (Est.) 306.58 322.47 83.44 314.65 17.39 2023/24 (Proj.) Dec 318.92 332.00 86.62 322.62 19.59 Jan 318.33 331.49 86.62 322.48 19.25 Vegetable Oils 2021/22 194.72 216.95 78.55 185.13 27.82 2022/23 (Est.) 203.91 225.46 87.94 191.42 29.76 2023/24 (Proj.) Dec 210.02 233.16 89.49 198.85 29.60 Jan 209.44 232.53 89.58 198.51 29.30 ================================================================================ WASDE - 644 - 11 January 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 582 570 Production 1646 1650 1812 1812 Imports 96 122 145 145 Supply, Total 2588 2446 2539 2527 Food 971 973 970 970 Seed 58 68 65 64 Feed and Residual 88 77 120 120 Domestic, Total 1117 1118 1155 1154 Exports 796 759 725 725 Use, Total 1913 1876 1880 1879 Ending Stocks 674 570 659 648 Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.30 7.20 ================================================================================ 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 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 25 65 10 5 40 145 Supply, Total 3/ 849 688 549 314 127 2527 Food 378 260 164 85 83 970 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 286 267 86 85 1154 Exports 145 225 175 155 25 725 Use, Total 575 511 442 241 110 1879 Ending Stocks, Total Jan 274 177 107 73 17 648 Dec 280 178 118 66 17 659 ================================================================================ WASDE - 644 - 12 January 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Acres FEED GRAINS Area Planted 105.5 100.0 107.7 107.5 Area Harvested 94.1 86.6 96.7 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.13 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.0 37.1 Production 396.0 356.1 400.0 402.6 Imports 2.3 2.9 2.4 2.4 Supply, Total 432.4 396.5 439.4 442.1 Feed and Residual 147.4 142.3 147.0 147.6 Food, Seed & Industrial 177.0 172.1 176.5 177.5 Domestic, Total 324.4 314.4 323.5 325.1 Exports 70.5 45.0 59.0 59.3 Use, Total 394.9 359.4 382.5 384.4 Ending Stocks 37.5 37.1 56.9 57.7 Million Acres CORN Area Planted 92.9 88.2 94.9 94.6 Area Harvested 85.0 78.7 87.1 86.5 Bushels Yield per Harvested Acre 176.7 173.4 174.9 177.3 Million Bushels Beginning Stocks 1235 1377 1361 1360 Production 15018 13651 15234 15342 Imports 24 39 25 25 Supply, Total 16277 15066 16621 16727 Feed and Residual 5671 5486 5650 5675 Food,Seed& Industrial 2/ 6757 6559 6740 6790 Ethanol & by-products 3/ 5320 5176 5325 5375 Domestic, Total 12427 12045 12390 12465 Exports 2472 1661 2100 2100 Use, Total 14900 13706 14490 14565 Ending Stocks 1377 1360 2131 2162 Avg.FarmPrice ($/bu) 4/ 6.00 6.54 4.85 4.80 ================================================================================ WASDE - 644 - 13 January 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 7.2 7.2 AreaHarvested(mil.acres) 6.5 4.6 6.3 6.1 Yield (bushels/acre) 69.0 41.1 51.4 52.0 Beginning Stocks 20 47 24 24 Production 448 188 322 318 Imports 0 0 0 0 Supply, Total 468 235 346 342 Feed and Residual 80 42 45 45 Food, Seed & Industrial 45 59 55 45 Total Domestic 125 102 100 90 Exports 296 109 220 230 Use, Total 421 211 320 320 Ending Stocks 47 24 26 22 Avg.FarmPrice ($/bu) 2/ 5.94 5.94 4.85 4.85 BARLEY AreaPlanted (mil. acres) 2.7 2.9 3.1 3.1 AreaHarvested(mil.acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 58 66 Production 121 174 185 185 Imports 15 24 14 14 Supply, Total 207 235 257 265 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 3 Use, Total 170 169 188 188 Ending Stocks 37 66 69 77 Avg.FarmPrice ($/bu) 2/ 5.31 7.40 7.40 7.50 OATS AreaPlanted (mil. acres) 2.6 2.6 2.6 2.6 AreaHarvested(mil.acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 85 85 Supply, Total 159 174 177 177 Feed and Residual 44 57 55 55 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 136 Exports 3 2 2 2 Use, Total 126 140 138 138 Ending Stocks 33 35 39 39 Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.60 3.70 ================================================================================ WASDE - 644 - 14 January 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.90 2.89 Area Harvested 2.48 2.17 2.85 2.85 Pounds Yield per Harvested Acre 7710 7385 7707 7649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 219.7 218.3 Imports 37.8 39.9 40.0 42.0 Supply, Total 272.5 239.7 289.9 290.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 86.0 85.0 Rough 28.2 18.1 29.0 31.0 Milled (rough equiv.) 55.3 46.2 57.0 54.0 Use, Total 232.8 209.4 248.0 247.0 Ending Stocks 39.7 30.3 41.9 43.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.20 17.80 18.40 LONG GRAIN RICE Harvested Acres (mil.) 1.93 1.78 2.05 Yield (pounds/acre) 7471 7225 7524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 33.0 35.0 Production 144.0 128.5 152.1 153.9 Supply, Total 7/ 204.4 185.0 206.2 210.0 Domestic & Residual 3/ 117.7 114.0 124.0 125.0 Exports 8/ 62.0 49.8 61.0 61.0 Use, Total 179.7 163.8 185.0 186.0 Ending Stocks 24.6 21.2 21.2 24.0 Avg.FarmPrice($/cwt) 6/ 13.60 16.70 16.00 16.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.39 0.81 Yield (pounds/acre) 8546 8118 7963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 67.6 64.4 Supply, Total 7/ 66.1 52.4 81.4 78.2 Domestic & Residual 3/ 31.6 31.1 38.0 37.0 Exports 8/ 21.5 14.5 25.0 24.0 Use, Total 53.1 45.6 63.0 61.0 Ending Stocks 13.0 6.8 18.4 17.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.40 23.30 26.00 California 10/ 31.90 36.00 26.00 30.00 Other States 1/ 13.90 18.20 17.50 17.50 ================================================================================ WASDE - 644 - 15 January 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.8 82.4 Bushels Yield per Harvested Acre 51.7 49.6 49.9 50.6 Million Bushels Beginning Stocks 257 274 268 264 Production 4464 4270 4129 4165 Imports 16 25 30 30 Supply, Total 4737 4569 4428 4459 Crushings 2204 2212 2300 2300 Exports 2152 1992 1755 1755 Seed 102 97 101 101 Residual 5 4 26 23 Use, Total 4463 4305 4182 4179 Ending Stocks 274 264 245 280 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.90 12.75 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1602 1602 Production 4/ 26155 26227 27025 27025 Imports 303 376 400 450 Supply, Total 28589 28594 29027 29077 Domestic Disappearance 24827 26614 27100 27200 Biofuel 3/ 10379 12491 12800 13000 Food, Feed & other Industrial 14449 14123 14300 14200 Exports 1771 378 350 300 Use, Total 26598 26992 27450 27500 Ending stocks 1991 1602 1577 1577 Avg. Price (c/lb) 2/ 72.98 65.26 57.00 54.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 371 371 Production 4/ 51814 52493 54154 54154 Imports 655 632 600 600 Supply, Total 52810 53436 55125 55125 Domestic Disappearance 38959 38402 39425 39425 Exports 13540 14664 15300 15300 Use, Total 52499 53065 54725 54725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 390.00 380.00 ================================================================================ WASDE - 644 - 16 January 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1855 1843 Production 2/ 9157 9250 9243 9391 Beet Sugar 5155 5187 5363 5407 Cane Sugar 4002 4063 3880 3985 Florida 1934 1985 2037 2037 Louisiana 1944 2001 1799 1904 Texas 124 76 44 44 Imports 3646 3614 3256 3310 TRQ 3/ 1579 1862 1620 1613 Other Program 4/ 298 141 200 200 Non-program 1769 1611 1436 1497 Mexico 1379 1156 971 922 High-tier tariff/other 390 455 465 575 Total Supply 14508 14685 14354 14544 Exports 29 82 100 160 Deliveries 12578 12589 12630 12630 Food 12470 12473 12525 12525 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12688 12843 12730 12790 Ending Stocks 1820 1843 1624 1754 Stocks to Use Ratio 14.3 14.3 12.8 13.7 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2022/23 Est. Dec 964 5224 285 4627 1011 835 Jan 964 5224 285 4627 1011 835 2023/24 Proj. Dec 835 5283 286 4648 856 900 Jan 835 5016 511 4648 814 900 ================================================================================ WASDE - 644 - 17 January 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Dec Jan ================================================================================ Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 8.02 7.06 Pounds Yield per Harvested Acre 820 953 765 845 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.78 12.43 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 17.03 16.69 Domestic Use 2.55 2.05 1.90 1.90 Exports, Total 14.48 12.77 12.20 12.10 Use, Total 17.03 14.82 14.10 14.00 Unaccounted 2/ -0.40 -0.55 -0.17 -0.21 Ending Stocks 4.05 4.25 3.10 2.90 Avg. Farm Price 3/ 91.4 84.8 77.0 76.0 ================================================================================ WASDE - 644 - 18 January 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 ================================================================================ 2021/22 World 3/ 284.43 780.05 199.93 160.19 791.16 202.77 273.32 World Less China 145.31 643.10 190.36 125.19 643.16 201.89 136.56 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 261.43 735.25 197.31 157.79 760.75 181.11 254.97 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.64 204.04 130.32 54.87 323.89 15.28 172.82 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 273.32 789.17 211.48 153.68 790.93 220.17 271.56 World Less China 136.56 651.44 198.19 120.68 642.93 219.23 132.74 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.97 744.27 208.16 151.59 760.51 199.52 256.06 Major Exporters 4/ 41.21 335.12 13.21 74.62 182.02 160.78 46.74 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.17 9.32 25.59 3.64 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.82 206.01 133.35 50.74 320.50 15.13 176.54 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 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/ 12.88 17.33 29.12 1.67 46.42 0.77 12.14 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.23 24.60 3.68 39.73 0.65 11.36 Southeast Asia 9/ 4.64 0.00 24.54 7.40 24.15 1.28 3.75 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 ================================================================================ WASDE - 644 - 19 January 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 ================================================================================ 2023/24 Proj. World 3/ Dec 269.85 783.01 206.73 158.89 794.66 207.19 258.20 Jan 271.56 784.91 209.15 161.06 796.44 209.54 260.03 World Less China Dec 131.03 646.01 194.23 121.89 641.16 206.29 124.28 Jan 132.74 648.32 196.65 124.06 642.94 208.64 126.52 United States Dec 15.83 49.31 3.95 3.27 31.43 19.73 17.92 Jan 15.50 49.31 3.95 3.27 31.41 19.73 17.62 Total Foreign Dec 254.02 733.69 202.78 155.62 763.22 187.46 240.28 Jan 256.06 735.59 205.20 157.79 765.03 189.81 242.41 Major Exporters 4/ Dec 44.40 319.25 9.68 76.25 183.55 152.00 37.79 Jan 46.74 321.15 12.18 77.20 184.50 154.50 41.08 Argentina Dec 3.93 15.00 0.00 0.05 6.55 10.00 2.38 Jan 4.07 15.00 0.00 0.20 6.70 10.00 2.37 Australia Dec 4.37 25.50 0.20 4.00 7.50 18.50 4.07 Jan 4.37 25.50 0.20 4.00 7.50 19.00 3.57 Canada Dec 3.64 31.95 0.60 3.50 8.70 23.50 4.00 Jan 3.64 31.95 0.60 3.50 8.70 24.00 3.50 European Union 5/ Dec 16.52 134.30 8.50 44.50 109.00 37.50 12.82 Jan 16.52 134.30 11.00 45.50 110.00 36.50 15.32 Russia Dec 14.64 90.00 0.30 20.00 43.00 50.00 11.94 Jan 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Ukraine Dec 1.30 22.50 0.08 4.20 8.80 12.50 2.58 Jan 3.50 23.40 0.08 4.00 8.60 14.00 4.38 Major Importers 6/ Dec 176.41 206.64 131.92 54.87 327.98 16.45 170.55 Jan 176.54 206.83 131.32 54.87 327.94 16.45 170.31 Bangladesh Dec 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Jan 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Dec 1.82 8.40 5.60 0.80 12.20 2.50 1.12 Jan 1.82 8.40 5.60 0.80 12.20 2.50 1.12 China Dec 138.82 137.00 12.50 37.00 153.50 0.90 133.92 Jan 138.82 136.59 12.50 37.00 153.50 0.90 133.51 Japan Dec 1.13 1.12 5.50 0.65 6.25 0.30 1.20 Jan 1.14 1.12 5.50 0.65 6.25 0.30 1.21 N. Africa 7/ Dec 12.14 16.73 30.10 1.75 47.30 0.70 10.97 Jan 12.14 16.73 29.70 1.75 47.30 0.70 10.57 Nigeria Dec 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Jan 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Dec 11.25 19.17 22.52 3.32 39.98 0.63 12.34 Jan 11.36 19.77 22.32 3.32 39.94 0.63 12.89 Southeast Asia 9/ Dec 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Jan 3.75 0.00 25.20 7.10 24.15 1.12 3.68 India Dec 9.50 110.55 0.10 5.50 108.65 0.50 11.00 Jan 9.50 110.55 0.25 6.75 109.90 0.40 10.00 Kazakhstan Dec 3.27 12.00 2.00 1.00 5.95 10.00 1.32 Jan 3.27 12.00 2.00 1.00 5.95 10.00 1.32 United Kingdom Dec 2.50 14.30 2.00 6.90 15.00 1.90 1.90 Jan 2.50 14.30 2.00 6.90 15.00 1.90 1.90 ================================================================================ WASDE - 644 - 20 January 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 ================================================================================ 2021/22 World 3/ 323.01 1500.75 230.11 906.26 1486.01 253.83 337.75 World Less China 115.56 1219.90 188.62 678.44 1165.99 253.82 127.98 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.00 1104.45 227.52 758.77 1161.10 183.31 300.28 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.93 149.16 27.38 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.46 32.93 8.79 Major Importers 5/ 36.01 248.24 138.72 285.32 369.66 15.34 37.98 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 6.97 29.05 40.50 60.81 69.40 0.69 6.43 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. World 3/ 337.75 1446.03 212.76 888.17 1453.53 221.01 330.25 World Less China 127.98 1160.53 180.14 658.22 1132.38 220.97 123.55 United States 37.48 356.45 3.25 142.40 315.00 45.04 37.14 Total Foreign 300.28 1089.58 209.51 745.77 1138.53 175.96 293.12 Major Exporters 4/ 27.38 327.40 4.43 135.85 183.51 146.86 28.84 Argentina 2.63 40.84 0.02 9.00 14.93 26.61 1.95 Australia 3.61 18.84 0.00 5.77 7.65 10.94 3.87 Brazil 4.50 141.60 1.95 66.55 80.19 57.02 10.84 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.79 33.93 0.02 6.70 9.17 29.92 3.65 Major Importers 5/ 37.98 229.87 136.08 273.54 356.45 13.08 34.40 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.43 31.39 33.04 55.57 63.59 1.07 6.20 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.77 285.50 32.62 229.95 321.15 0.04 206.70 ================================================================================ WASDE - 644 - 21 January 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 ================================================================================ 2023/24 Proj. World 3/ Dec 329.49 1501.99 230.64 916.91 1489.93 240.45 341.55 Jan 330.25 1513.85 230.19 918.16 1492.43 240.25 351.67 World Less China Dec 122.79 1216.69 191.94 680.21 1161.98 240.42 138.82 Jan 123.55 1216.70 191.04 679.01 1162.03 240.22 139.10 United States Dec 37.00 400.26 2.71 147.10 324.06 59.03 56.88 Jan 37.14 402.89 2.71 147.74 325.71 59.29 57.73 Total Foreign Dec 292.50 1101.72 227.93 769.81 1165.87 181.42 284.67 Jan 293.12 1110.96 227.48 770.43 1166.71 180.96 293.94 Major Exporters 4/ Dec 28.67 336.08 5.14 140.66 190.20 151.65 28.05 Jan 28.84 334.02 5.15 140.50 189.89 150.80 27.33 Argentina Dec 1.78 63.28 0.01 11.61 17.77 45.50 1.80 Jan 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Australia Dec 3.86 13.34 0.00 6.11 7.99 7.16 2.06 Jan 3.87 13.34 0.00 6.11 7.99 7.16 2.06 Brazil Dec 10.84 134.33 1.70 68.28 83.31 55.03 8.53 Jan 10.84 132.33 1.70 68.28 83.31 54.03 7.53 Canada Dec 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Jan 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Russia Dec 2.32 43.20 0.10 22.95 32.25 11.31 2.07 Jan 2.32 42.94 0.10 22.79 31.94 11.36 2.07 Ukraine Dec 3.65 37.42 0.02 7.51 9.94 23.07 8.09 Jan 3.65 37.62 0.02 7.51 9.94 23.17 8.19 Major Importers 5/ Dec 34.20 232.74 145.73 284.25 368.23 12.98 31.47 Jan 34.40 230.96 144.98 281.50 365.33 13.65 31.36 European Union 6/ Dec 14.68 136.56 26.68 112.92 153.16 10.69 14.05 Jan 14.68 134.78 25.60 110.45 150.55 10.66 13.85 Japan Dec 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Jan 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Dec 5.20 31.31 20.33 33.19 53.19 0.20 3.45 Jan 5.20 31.31 20.33 33.18 53.18 0.20 3.45 N. Afr & Mideast 7/ Dec 6.00 33.32 37.42 61.48 69.68 1.47 5.59 Jan 6.20 33.32 37.79 61.35 69.54 2.17 5.60 Saudi Arabia Dec 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Jan 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Southeast Asia 8/ Dec 3.04 30.91 18.91 40.65 49.20 0.61 3.04 Jan 3.04 30.91 18.86 40.50 49.05 0.61 3.13 South Korea Dec 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jan 1.91 0.16 11.91 9.54 12.03 0.00 1.95 China Dec 206.70 285.30 38.70 236.70 327.95 0.03 202.73 Jan 206.70 297.14 39.15 239.15 330.40 0.03 212.57 ================================================================================ WASDE - 644 - 22 January 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 ================================================================================ 2021/22 World 3/ 292.94 1215.90 184.45 743.16 1198.33 206.60 310.52 World Less China 87.24 943.35 162.57 534.16 907.33 206.59 101.38 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.43 183.84 599.13 882.66 143.79 275.54 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 310.52 1155.63 172.21 728.26 1165.59 180.81 300.56 World Less China 101.38 878.43 153.50 510.26 866.59 180.80 94.52 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 275.54 808.89 171.23 588.90 859.64 138.62 266.01 Major Exporters 4/ 16.45 230.93 1.39 89.80 114.60 116.82 17.34 Argentina 1.80 34.00 0.02 7.50 11.70 23.00 1.11 Brazil 3.97 137.00 1.30 62.50 75.00 57.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.80 2.25 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 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 ================================================================================ WASDE - 644 - 23 January 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 ================================================================================ 2023/24 Proj. World 3/ Dec 300.10 1222.07 191.53 761.30 1206.95 201.46 315.22 Jan 300.56 1235.73 190.76 763.73 1211.07 200.89 325.22 World Less China Dec 94.06 945.07 168.53 538.30 902.95 201.44 113.20 Jan 94.52 946.89 167.76 538.73 905.07 200.87 113.36 United States Dec 34.58 386.97 0.64 143.52 314.72 53.34 54.12 Jan 34.55 389.69 0.64 144.15 316.63 53.34 54.91 Total Foreign Dec 265.52 835.10 190.89 617.78 892.23 148.12 261.10 Jan 266.01 846.04 190.13 619.58 894.44 147.54 270.31 Major Exporters 4/ Dec 17.34 248.30 1.28 95.60 122.30 125.70 18.91 Jan 17.34 246.30 1.29 95.60 122.30 124.70 17.93 Argentina Dec 1.11 55.00 0.01 9.80 14.10 41.00 1.01 Jan 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Brazil Dec 10.27 129.00 1.20 63.50 77.50 55.00 7.97 Jan 10.27 127.00 1.20 63.50 77.50 54.00 6.97 Russia Dec 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Jan 0.91 17.00 0.05 10.50 11.60 5.30 1.06 South Africa Dec 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Jan 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Ukraine Dec 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Jan 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Major Importers 5/ Dec 19.99 123.85 102.55 166.60 222.95 5.01 18.42 Jan 19.98 123.84 101.45 165.40 221.75 5.01 18.51 Egypt Dec 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Jan 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Dec 7.23 60.10 24.50 59.30 80.20 4.20 7.43 Jan 7.23 60.10 23.50 58.30 79.20 4.20 7.43 Japan Dec 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Jan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Dec 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Jan 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Southeast Asia 7/ Dec 3.03 30.86 18.05 40.00 48.30 0.61 3.03 Jan 3.03 30.86 17.95 39.80 48.10 0.61 3.13 South Korea Dec 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jan 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Canada Dec 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Jan 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Dec 206.04 277.00 23.00 223.00 304.00 0.02 202.02 Jan 206.04 288.84 23.00 225.00 306.00 0.02 211.86 ================================================================================ WASDE - 644 - 24 January 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 ================================================================================ 2021/22 World 3/ 187.81 513.10 54.48 517.62 56.90 183.28 World Less China 71.31 364.11 48.53 361.26 54.82 70.28 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.42 507.03 53.28 512.88 54.25 182.02 Major Exporters 4/ 47.32 197.74 1.76 158.55 43.91 44.36 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.70 4.82 2.70 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 183.28 512.96 54.50 520.44 54.38 175.81 World Less China 70.28 367.01 50.12 365.44 52.64 69.21 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.02 507.88 53.23 515.83 52.33 174.85 Major Exporters 4/ 44.36 200.90 1.86 162.21 42.61 42.31 Burma 0.88 11.80 0.00 10.20 1.50 0.98 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.70 5.50 0.01 3.60 3.76 0.84 Thailand 4.13 20.91 0.05 12.50 8.70 3.89 Vietnam 2.66 26.94 1.80 21.40 8.40 1.60 Major Importers 5/ 125.49 238.73 22.91 263.79 2.16 121.17 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 3.10 35.60 0.00 4.40 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.37 6.30 0.00 1.23 Selected Other Brazil 0.90 7.00 1.00 7.00 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.98 3.38 0.05 0.65 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.01 0.08 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 ================================================================================ WASDE - 644 - 25 January 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 ================================================================================ 2023/24 Proj. World 3/ Dec 174.74 518.07 49.35 525.05 51.97 167.76 Jan 175.81 513.54 49.69 522.10 51.50 167.25 World Less China Dec 68.14 369.07 46.55 373.15 49.97 63.26 Jan 69.21 368.92 46.99 372.18 49.50 65.25 United States Dec 0.96 6.98 1.27 5.14 2.73 1.33 Jan 0.96 6.93 1.33 5.14 2.70 1.38 Total Foreign Dec 173.78 511.09 48.08 519.90 49.24 166.43 Jan 174.85 506.61 48.35 516.96 48.80 165.87 Major Exporters 4/ Dec 41.81 199.95 1.46 165.60 39.10 38.51 Jan 42.31 199.95 1.46 165.60 38.60 39.51 Burma Dec 1.08 11.95 0.00 10.25 1.80 0.99 Jan 0.98 11.95 0.00 10.25 1.80 0.89 India Dec 35.00 132.00 0.00 118.00 16.50 32.50 Jan 35.00 132.00 0.00 118.00 16.00 33.00 Pakistan Dec 0.84 9.00 0.01 3.65 5.00 1.20 Jan 0.84 9.00 0.01 3.65 5.00 1.20 Thailand Dec 3.29 20.00 0.05 12.50 8.20 2.64 Jan 3.89 20.00 0.05 12.50 8.20 3.24 Vietnam Dec 1.60 27.00 1.40 21.20 7.60 1.20 Jan 1.60 27.00 1.40 21.20 7.60 1.20 Major Importers 5/ Dec 120.69 241.30 19.70 262.00 2.46 117.23 Jan 121.17 236.82 20.00 259.97 2.46 115.57 China Dec 106.60 149.00 2.80 151.90 2.00 104.50 Jan 106.60 144.62 2.70 149.92 2.00 102.00 European Union 6/ Dec 0.81 1.43 2.40 3.40 0.40 0.84 Jan 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Dec 4.00 33.50 2.00 35.80 0.00 3.70 Jan 4.40 33.50 2.50 35.80 0.00 4.60 Nigeria Dec 2.18 5.23 2.10 7.70 0.00 1.80 Jan 2.18 5.23 2.10 7.70 0.00 1.80 Philippines Dec 3.48 12.60 3.80 16.40 0.00 3.48 Jan 3.48 12.60 3.80 16.40 0.00 3.48 Sel. Mideast 7/ Dec 1.25 2.02 4.50 6.55 0.00 1.22 Jan 1.23 2.02 4.55 6.60 0.00 1.20 Brazil Dec 0.70 7.48 0.90 7.00 1.30 0.78 Jan 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Dec 0.65 1.52 1.82 3.32 0.04 0.63 Jan 0.65 1.52 1.82 3.32 0.04 0.63 Egypt Dec 0.60 3.78 0.35 4.10 0.01 0.63 Jan 0.60 3.78 0.35 4.10 0.01 0.63 Japan Dec 1.77 7.30 0.69 8.06 0.12 1.57 Jan 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Dec 0.08 0.15 0.83 0.98 0.01 0.07 Jan 0.08 0.15 0.83 0.98 0.01 0.07 South Korea Dec 1.35 3.70 0.46 3.93 0.10 1.48 Jan 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 644 - 26 January 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 ================================================================================ 2021/22 World 77.63 114.46 42.96 116.10 43.19 -0.60 76.37 World Less China 40.34 87.66 35.12 82.35 43.07 -0.60 38.30 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.48 96.94 42.96 113.55 28.71 -0.20 72.32 Major Exporters 4/ 25.69 54.41 1.70 34.27 24.46 -0.20 23.27 Central Asia 5/ 3.03 5.09 0.06 4.23 1.47 0.00 2.48 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.63 0.19 4.38 12.47 -0.19 10.93 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 76.37 116.56 37.69 111.16 36.96 -0.72 83.22 World Less China 38.30 85.86 31.46 73.66 36.87 -0.72 45.81 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.32 102.09 37.69 109.11 24.20 -0.18 78.97 Major Exporters 4/ 23.27 56.13 2.40 31.94 19.92 -0.19 30.14 Central Asia 5/ 2.48 5.63 0.03 3.56 1.12 0.00 3.46 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 S. Hemis. 7/ 10.93 19.63 0.14 4.21 13.37 -0.19 13.32 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 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 ================================================================================ WASDE - 644 - 27 January 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 ================================================================================ 2023/24 Proj. World Dec 82.83 112.92 43.15 113.73 43.15 -0.37 82.40 Jan 83.22 113.18 43.05 112.43 43.05 -0.41 84.38 World Less China Dec 45.43 85.92 32.15 77.23 43.06 -0.37 43.58 Jan 45.81 85.68 31.55 75.93 42.96 -0.41 44.57 United States Dec 4.25 12.78 0.01 1.90 12.20 -0.17 3.10 Jan 4.25 12.43 0.01 1.90 12.10 -0.21 2.90 Total Foreign Dec 78.58 100.14 43.15 111.83 30.95 -0.20 79.30 Jan 78.97 100.75 43.05 110.53 30.95 -0.20 81.48 Major Exporters 4/ Dec 29.76 57.54 2.07 33.32 26.64 -0.20 29.61 Jan 30.14 57.73 2.04 32.82 26.52 -0.20 30.78 Central Asia 5/ Dec 3.12 5.19 0.10 4.19 1.38 0.00 2.85 Jan 3.46 5.18 0.08 3.99 1.38 0.00 3.35 Afr. Fr. Zone 6/ Dec 1.17 4.92 3/ 0.10 4.60 0.00 1.38 Jan 1.19 4.92 3/ 0.10 4.58 0.00 1.43 S. Hemis. 7/ Dec 13.29 21.96 0.17 4.36 18.54 -0.20 12.72 Jan 13.32 22.16 0.17 4.36 18.64 -0.20 12.84 Australia Dec 4.77 5.10 3/ 0.01 5.65 -0.20 4.41 Jan 4.77 5.10 3/ 0.01 5.75 -0.20 4.31 Brazil Dec 5.76 14.56 0.02 3.30 11.50 0.00 5.54 Jan 5.76 14.56 0.02 3.30 11.50 0.00 5.54 India Dec 11.82 25.00 1.30 24.00 1.80 0.00 12.32 Jan 11.82 25.00 1.30 23.70 1.60 0.00 12.82 Major Importers 8/ Dec 45.87 39.04 38.59 74.52 2.50 0.00 46.49 Jan 45.87 39.54 38.47 73.80 2.62 0.00 47.45 Mexico Dec 0.43 0.93 0.80 1.60 0.25 0.00 0.30 Jan 0.43 0.93 0.75 1.55 0.25 0.00 0.30 China Dec 37.40 27.00 11.00 36.50 0.09 0.00 38.81 Jan 37.40 27.50 11.50 36.50 0.09 0.00 39.81 European Union 9/ Dec 0.39 1.05 0.59 0.61 1.15 0.00 0.27 Jan 0.39 1.05 0.58 0.60 1.13 0.00 0.29 Turkey Dec 2.63 3.20 4.10 7.50 0.90 0.00 1.53 Jan 2.63 3.20 4.10 7.40 1.05 0.00 1.48 Pakistan Dec 1.53 6.70 4.00 10.00 0.08 0.00 2.15 Jan 1.53 6.70 3.80 9.80 0.08 0.00 2.15 Indonesia Dec 0.36 3/ 2.30 2.20 0.02 0.00 0.45 Jan 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Dec 0.14 3/ 0.65 0.65 0.00 0.00 0.14 Jan 0.14 3/ 0.63 0.63 0.00 0.00 0.14 Bangladesh Dec 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Jan 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Dec 1.05 3/ 6.70 6.70 0.00 0.00 1.05 Jan 1.05 3/ 6.70 6.70 0.00 0.00 1.05 ================================================================================ WASDE - 644 - 28 January 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 100.26 360.41 155.52 314.50 363.94 154.22 98.03 World Less China 69.41 344.02 65.02 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 93.27 238.91 155.08 254.52 301.05 95.65 90.56 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 98.03 375.40 164.84 313.91 364.73 171.66 101.87 World Less China 68.78 355.11 64.00 218.91 248.23 171.57 68.08 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 90.56 259.18 164.17 253.71 301.78 117.46 94.68 Major Exporters 3/ 51.93 195.45 9.26 86.76 97.03 106.79 52.82 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 160.00 0.15 53.10 56.90 95.51 35.35 Paraguay 0.18 9.75 0.01 3.30 3.43 6.30 0.21 Major Importers 4/ 32.11 23.74 132.26 122.57 151.54 0.33 36.23 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.20 14.30 15.88 0.23 1.32 Southeast Asia 5/ 0.64 0.49 8.44 4.02 8.83 0.01 0.73 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. World 2/ Dec 101.92 398.88 167.65 329.50 383.96 170.29 114.21 Jan 101.87 398.98 168.35 329.40 383.66 170.94 114.60 World Less China Dec 68.13 378.38 65.65 231.50 263.46 170.19 78.52 Jan 68.08 378.14 66.35 231.40 263.16 170.84 78.57 United States Dec 7.30 112.39 0.82 62.60 66.06 47.76 6.68 Jan 7.19 113.34 0.82 62.60 65.97 47.76 7.62 Total Foreign Dec 94.63 286.50 166.83 266.90 317.90 122.53 107.53 Jan 94.68 285.63 167.53 266.80 317.69 123.18 106.98 Major Exporters 3/ Dec 52.87 221.90 6.18 93.85 105.34 112.50 63.12 Jan 52.82 220.20 6.58 92.85 104.14 112.80 62.67 Argentina Dec 17.21 48.00 5.70 34.50 41.75 4.60 24.56 Jan 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Dec 35.35 161.00 0.45 55.75 59.70 99.50 37.60 Jan 35.35 157.00 0.45 53.75 57.50 99.50 35.80 Paraguay Dec 0.26 10.00 0.02 3.50 3.65 6.00 0.63 Jan 0.21 10.30 0.02 3.50 3.65 6.30 0.58 Major Importers 4/ Dec 36.23 24.43 135.64 127.13 157.49 0.42 38.39 Jan 36.23 24.76 135.84 127.23 157.69 0.42 38.73 China Dec 33.79 20.50 102.00 98.00 120.50 0.10 35.69 Jan 33.79 20.84 102.00 98.00 120.50 0.10 36.03 European Union Dec 1.32 3.07 13.80 15.00 16.59 0.30 1.29 Jan 1.32 3.06 13.80 15.00 16.59 0.30 1.29 Southeast Asia 5/ Dec 0.73 0.47 9.94 5.03 10.16 0.02 0.96 Jan 0.73 0.47 10.14 5.13 10.36 0.02 0.96 Mexico Dec 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Jan 0.22 0.14 6.40 6.48 6.54 0.00 0.22 ================================================================================ WASDE - 644 - 29 January 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 ================================================================================ 2021/22 World 2/ 16.56 246.75 67.15 244.79 68.83 16.84 World Less China 15.77 177.14 67.10 175.16 68.35 16.50 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 16.25 199.75 66.56 209.45 56.55 16.56 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.42 22.60 38.39 59.75 1.11 2.55 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.43 0.33 1.64 China 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. World 2/ 16.84 246.82 62.92 245.92 66.96 13.70 World Less China 16.50 171.58 62.88 171.97 66.17 12.82 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.56 199.20 62.34 211.08 53.66 13.36 Major Exporters 3/ 7.10 73.03 0.10 30.35 43.96 5.92 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.65 1.87 0.17 Major Importers 4/ 2.55 21.65 36.74 58.24 0.97 1.73 European Union 0.66 11.30 16.01 26.79 0.73 0.45 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.64 3.13 17.52 20.97 0.24 1.09 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. World 2/ Dec 13.74 258.66 66.75 253.56 69.84 15.75 Jan 13.70 258.59 66.70 253.73 69.84 15.42 World Less China Dec 12.87 181.04 66.70 176.81 68.84 14.96 Jan 12.82 180.98 66.65 176.98 68.84 14.62 United States Dec 0.34 49.13 0.54 35.77 13.88 0.36 Jan 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Dec 13.41 209.53 66.20 217.79 55.96 15.39 Jan 13.36 209.46 66.15 217.97 55.96 15.05 Major Exporters 3/ Dec 5.92 77.72 0.07 31.13 46.00 6.58 Jan 5.92 77.35 0.07 31.15 45.90 6.29 Argentina Dec 2.36 26.91 0.01 3.45 23.40 2.43 Jan 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Dec 3.39 43.21 0.01 20.70 22.00 3.91 Jan 3.39 41.66 0.01 20.70 20.50 3.86 India Dec 0.17 7.60 0.05 6.98 0.60 0.25 Jan 0.17 8.00 0.05 6.98 1.00 0.25 Major Importers 4/ Dec 1.73 22.87 37.83 59.12 1.01 2.30 Jan 1.73 22.95 37.85 59.20 1.01 2.32 European Union Dec 0.45 11.85 15.80 26.89 0.70 0.51 Jan 0.45 11.85 15.80 26.89 0.70 0.51 Mexico Dec 0.15 5.12 2.05 7.13 0.00 0.19 Jan 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Dec 1.09 3.92 18.38 21.54 0.31 1.54 Jan 1.09 4.00 18.40 21.63 0.31 1.56 China Dec 0.88 77.62 0.05 76.75 1.00 0.79 Jan 0.88 77.62 0.05 76.75 1.00 0.79 ================================================================================ WASDE - 644 - 30 January 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 ================================================================================ 2021/22 World 2/ 5.53 59.27 11.54 59.22 12.32 4.79 World Less China 4.41 43.52 11.25 42.52 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.52 3.89 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.78 18.90 6.64 26.16 0.28 0.89 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. World 2/ 4.79 59.12 10.65 58.08 11.53 4.96 World Less China 4.44 42.10 10.24 41.33 11.41 4.04 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.89 47.22 10.48 46.01 11.35 4.23 Major Exporters 3/ 1.50 19.56 0.65 12.15 8.25 1.31 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.91 0.62 Major Importers 4/ 0.89 20.01 6.35 25.27 0.21 1.77 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.24 2023/24 Proj. World 2/ Dec 5.01 61.93 10.75 60.79 11.51 5.39 Jan 4.96 61.91 10.77 60.78 11.53 5.34 World Less China Dec 4.09 44.37 10.35 43.09 11.31 4.41 Jan 4.04 44.35 10.37 43.08 11.33 4.36 United States Dec 0.73 12.26 0.18 12.29 0.16 0.72 Jan 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Dec 4.29 49.67 10.57 48.50 11.35 4.68 Jan 4.23 49.65 10.57 48.44 11.39 4.63 Major Exporters 3/ Dec 1.27 21.06 0.43 13.33 8.14 1.29 Jan 1.31 20.88 0.43 13.25 8.10 1.26 Argentina Dec 0.33 6.81 0.00 2.35 4.40 0.39 Jan 0.33 7.01 0.00 2.25 4.75 0.34 Brazil Dec 0.30 10.73 0.03 8.45 2.25 0.36 Jan 0.30 10.35 0.03 8.43 1.85 0.40 European Union Dec 0.62 2.85 0.40 2.46 0.90 0.51 Jan 0.62 2.85 0.40 2.51 0.90 0.46 Major Importers 4/ Dec 1.77 20.58 5.87 26.11 0.28 1.84 Jan 1.77 20.70 5.87 26.13 0.28 1.93 China Dec 0.92 17.56 0.40 17.70 0.20 0.98 Jan 0.92 17.56 0.40 17.70 0.20 0.98 India Dec 0.60 1.71 3.30 5.10 0.02 0.49 Jan 0.60 1.80 3.30 5.10 0.02 0.58 North Africa 5/ Dec 0.24 0.98 1.44 2.32 0.05 0.29 Jan 0.24 1.01 1.44 2.34 0.05 0.30 ================================================================================ WASDE - 644 - 31 January 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 2022 Annual 28291 26996 55471 46206 5222 51997 107469 9074 226.5 2023 I 6821 7071 13937 11549 1348 13039 26976 2209 56.9 II 6710 6593 13348 11545 1410 13105 26453 2287 58.1 III 6621 6488 13151 11679 1354 13183 26334 2327 56.1 IV 6815 7150 14012 11650 1350 13140 27152 2365 55.6 DecProj. 26932 27242 54351 46373 5462 52417 106768 9179 226.9 Jan Est. 26967 27302 54447 46423 5462 52467 106914 9189 226.6 2024 I* 6725 7170 13941 11450 1340 12930 26871 2280 57.3 II* 6645 6625 13315 11675 1360 13180 26495 2300 58.1 III* 6440 6785 13270 11850 1370 13365 26635 2355 56.6 IV* 6300 7390 13737 11700 1400 13235 26972 2390 56.3 DecProj. 25990 27730 53899 46625 5510 52700 106599 9385 229.0 JanProj. 26110 27970 54262 46675 5470 52710 106972 9325 228.3 ================================================================================ 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 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.75 DecProj. 175.55 58.70 123.5 140.6 189.4 20.60 Jan Est. 175.54 58.59 124.4 140.1 192.4 20.60 2024 I* 175.00 51.00 123.0 95.0 205.0 19.95 II* 177.00 60.00 130.0 110.0 150.0 19.55 III* 178.00 65.00 125.0 118.0 140.0 19.45 IV* 183.00 55.00 125.0 119.0 165.0 21.15 DecProj. 178 60 124 127 150 20.25 JanProj. 178.0 58.0 126.0 111.0 165.0 20.00 ================================================================================ WASDE - 644 - 32 January 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 2022 676 28359 3390 32425 3544 723 28157 59.1 2023 Est. Dec 723 27000 3663 31387 3030 615 27742 57.9 Jan 723 27035 3708 31467 3015 630 27822 58.1 2024 Proj. Dec 615 26058 3700 30373 2845 560 26968 56.0 Jan 630 26178 3770 30578 2785 600 27193 56.5 Pork 2022 446 27011 1344 28800 6345 504 21951 51.1 2023 Est. Dec 504 27257 1169 28930 6749 450 21732 50.3 Jan 504 27317 1169 28990 6769 450 21772 50.4 2024 Proj. Dec 450 27745 1215 29410 6850 450 22110 50.9 Jan 450 27985 1215 29650 6870 450 22330 51.4 TotalRed Meat5/ 2022 1147 55564 5092 61804 9895 1256 50653 111.6 2023 Est. Dec 1256 54444 5118 60818 9783 1094 49941 109.4 Jan 1256 54540 5163 60959 9789 1109 50062 109.7 2024 Proj. Dec 1094 53992 5240 60325 9701 1037 49588 108.2 Jan 1109 54355 5310 60773 9661 1077 50036 109.2 Broiler 2022 705 45711 176 46593 7290 892 38411 98.9 2023 Est. Dec 892 45876 133 46902 7205 850 38847 99.5 Jan 892 45926 130 46948 7255 850 38844 99.5 2024 Proj. Dec 850 46126 180 47156 7245 860 39051 99.5 Jan 850 46176 180 47206 7275 860 39071 99.6 Turkey 2022 166 5222 85 5473 407 190 4877 14.6 2023 Est. Dec 190 5462 43 5695 495 185 5015 15.0 Jan 190 5462 43 5695 490 195 5010 14.9 2024 Proj. Dec 185 5510 64 5759 470 195 5094 15.1 Jan 195 5470 64 5729 500 195 5034 14.9 Total Poultry6/ 2022 874 51502 268 52645 7716 1087 43841 115.2 2023 Est. Dec 1087 51921 181 53188 7721 1042 44425 116.2 Jan 1087 51970 177 53234 7765 1052 44417 116.1 2024 Proj. Dec 1042 52200 250 53492 7739 1061 44692 116.2 Jan 1052 52210 250 53512 7793 1061 44658 116.1 RedMeat& Poultry 2022 2021 107067 5361 114449 17611 2343 94494 226.8 2023 Est. Dec 2343 106365 5298 114006 17505 2136 94366 225.6 Jan 2343 106510 5340 114193 17554 2161 94479 225.8 2024 Proj. Dec 2136 106192 5490 113818 17440 2098 94281 224.5 Jan 2161 106565 5560 114285 17454 2138 94694 225.3 ================================================================================ WASDE - 644 - 33 January 2024 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023Proj. 2023 Est. 2024Proj. 2024Proj. Commodity Dec Jan Dec Jan ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 24.0 23.0 Production 9297.9 9073.8 9178.8 9188.8 9385.0 9325.0 Imports 18.2 26.0 29.5 27.7 30.0 26.0 Total Supply 9340.6 9118.9 9227.0 9235.2 9439.0 9374.0 Use Exports 392.1 226.5 245.0 246.0 238.0 241.0 Hatching Use 1103.9 1116.4 1111.7 1106.7 1120.0 1120.0 Ending Stocks 19.1 18.8 24.0 23.0 22.0 22.0 Disappearance Total 7825.4 7757.2 7846.4 7859.6 8059.0 7991.0 Per Capita (number) 282.5 279.0 280.8 281.3 286.9 284.4 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023Proj. 2023 Est. 2024Proj. 2024Proj. Commodity Dec Jan Dec Jan ================================================================================ Billion Pounds Milk Production 226.3 226.5 226.9 226.6 229.0 228.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 14.2 14.4 Marketings 225.3 225.5 225.9 225.6 228.0 227.3 Imports 6.5 7.1 7.5 7.5 7.7 7.5 Total Supply 247.4 246.9 247.8 247.5 249.9 249.2 FatBasisUse Exports 11.5 13.4 10.8 10.6 11.4 11.6 Ending Stocks 14.3 14.4 14.2 14.4 13.9 14.0 Domestic Use 221.6 219.1 222.9 222.5 224.6 223.7 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 11.6 10.6 Marketings 225.3 225.5 225.9 225.6 228.0 227.3 Imports 5.8 6.7 6.3 6.3 6.5 6.4 Total Supply 241.9 243.3 243.9 243.6 246.1 244.3 Skim-solidBasisUse Exports 50.6 52.9 49.9 50.0 53.2 53.2 Ending Stocks 11.1 11.7 11.6 10.6 11.0 10.8 Domestic Use 180.2 178.7 182.5 183.0 182.0 180.3 ================================================================================ WASDE - 644 - 34 January 2024 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Proj. 2023 Est. 2024 Proj. 2024 Proj. ity Dec Jan Dec Jan ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.765 1.7593 1.725 1.620 Butter 1.7325 2.8665 2.620 2.6170 2.595 2.665 Nonfat Dry Milk 1.2693 1.6851 1.185 1.1856 1.175 1.190 Dry Whey 0.5744 0.6057 0.360 0.3618 0.400 0.430 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 17.05 17.02 16.85 16.10 Class IV 16.09 24.47 19.10 19.12 18.90 19.35 All Milk 3/ 18.53 25.34 20.60 20.60 20.25 20.00 ================================================================================ WASDE - 644 - 35 January 2024 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 3.1 0.0 8.3 32 9 U.S. 0.2 0.3 0.1 0.0 0.3 18 11 Foreign 0.8 1.3 3.1 0.1 8.3 31 10 Exports World 5.1 8.6 5.5 0.1 18.4 32 9 U.S. 5.0 8.4 1.3 0.1 3.9 21 20 Foreign 6.2 10.4 5.3 0.3 18.0 34 7 Domestic Use World 1.2 2.1 5.6 0.1 22.7 25 16 U.S. 4.5 7.6 1.0 0.0 3.0 12 28 Foreign 1.3 2.1 5.6 0.6 23.6 27 14 Ending Stocks World 4.9 8.3 6.5 0.2 25.2 28 13 U.S. 8.6 14.5 1.4 0.0 4.6 26 14 Foreign 5.3 9.0 5.7 0.1 25.5 28 13 COARSE GRAINS 2/ Production World 1.3 2.2 11.1 0.0 37.7 30 11 U.S. 0.4 0.7 0.4 0.0 4.6 17 11 Foreign 1.8 3.1 11.0 0.0 37.6 29 12 Exports World 6.3 10.5 6.1 0.2 31.9 30 11 U.S. 11.7 19.7 4.6 0.2 13.3 21 20 Foreign 10.7 18.0 6.2 0.4 26.8 27 14 Domestic Use World 1.1 1.9 8.3 0.0 36.2 21 20 U.S. 2.9 4.9 3.8 0.1 18.8 19 22 Foreign 1.3 2.3 8.5 0.1 36.2 27 14 Ending Stocks World 10.7 17.9 14.2 0.6 136.0 35 6 U.S. 15.2 25.6 5.6 0.0 24.3 21 19 Foreign 13.6 23.0 12.8 0.1 143.4 34 7 RICE, milled Production World 1.6 2.7 4.9 0.0 13.9 34 6 U.S. 1.6 2.6 0.1 0.0 0.3 13 7 Foreign 1.6 2.8 4.9 0.1 13.9 35 6 Exports World 9.0 15.1 1.8 0.0 6.6 30 11 U.S. 7.4 12.4 0.2 0.0 0.6 19 19 Foreign 10.0 16.8 1.8 0.0 6.3 29 12 Domestic Use World 1.3 2.3 3.5 0.0 13.9 29 12 U.S. 7.5 12.7 0.2 0.0 0.5 18 23 Foreign 1.4 2.3 3.5 0.0 13.6 30 11 Ending Stocks World 9.2 15.4 5.1 0.5 26.6 34 7 U.S. 19.9 33.6 0.2 0.0 0.6 22 16 Foreign 9.4 15.7 5.1 0.2 26.5 34 7 ================================================================================ WASDE - 644 - 36 January 2024 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 3.4 5.8 5.5 0.0 22.4 22 19 U.S. 1.4 2.3 0.7 0.0 2.5 18 18 Foreign 5.7 9.7 5.6 0.2 22.6 22 19 Exports World 6.8 11.5 3.7 0.1 16.7 26 15 U.S. 7.8 13.2 1.8 0.1 6.7 25 16 Foreign 17.1 28.7 3.6 0.0 19.7 20 21 Domestic Use World 2.7 4.5 4.2 0.1 15.3 21 20 U.S. 3.2 5.5 1.2 0.0 3.6 25 16 Foreign 3.2 5.4 3.8 0.2 13.8 22 19 Ending Stocks World 14.2 23.8 4.2 0.1 18.7 22 19 U.S. 41.4 69.7 1.9 0.1 6.6 11 30 Foreign 16.1 27.2 4.0 0.1 17.2 27 14 COTTON Production World 2.6 4.3 2.0 0.0 5.4 26 14 U.S. 1.1 1.8 0.1 0.0 0.3 14 26 Foreign 3.1 5.2 2.0 0.0 5.7 28 12 Exports World 6.8 11.5 1.9 0.1 8.8 22 19 U.S. 10.8 18.2 0.8 0.0 2.7 26 15 Foreign 8.9 14.9 1.5 0.0 8.1 23 18 Domestic Use World 3.9 6.6 2.6 0.1 18.2 22 19 U.S. 8.2 13.8 0.3 0.0 0.9 20 18 Foreign 3.9 6.6 2.5 0.2 17.3 23 18 Ending Stocks World 10.2 17.1 4.3 0.1 20.0 25 16 U.S. 25.2 42.4 0.9 0.1 2.4 13 28 Foreign 10.8 18.1 4.0 0.1 18.2 27 14 ================================================================================ WASDE - 644 - 37 January 2024 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 14 0 148 4 6 Exports 12.3 20.7 167 3 513 20 21 Domestic Use 2.9 4.8 138 6 574 20 21 Ending Stocks 16.9 28.5 221 1 986 22 19 SORGHUM Production 1.0 1.7 2 0 53 1 3 Exports 16.8 28.3 28 0 97 26 13 Domestic Use 18.4 31.0 34 1 148 19 22 Ending Stocks 44.5 75.0 23 1 98 14 27 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 34.3 57.8 7 0 37 14 24 Domestic Use 7.5 12.7 15 0 70 17 21 Ending Stocks 13.7 23.0 11 1 52 24 17 OATS Production 0.4 0.7 0 0 2 5 4 Exports 63.2 106.4 1 0 7 10 10 Domestic Use 5.1 8.6 11 0 39 17 23 Ending Stocks 17.1 28.8 11 1 47 25 16 Thousand Short Tons SOYBEAN MEAL Production 3.2 5.4 928 15 3117 26 15 Exports 10.0 16.8 674 1 2626 29 12 Domestic Use 2.8 4.8 674 34 2066 21 20 Ending Stocks 33.7 56.7 65 0 253 16 23 Million Pounds SOYBEAN OIL Production 3.1 5.2 423 7 1418 28 13 Exports 30.7 51.7 339 0 1325 23 16 Domestic Use 3.4 5.8 440 25 1628 26 15 Ending Stocks 20.2 34.0 294 25 1206 27 14 ANIMAL PROD. 3/ Million Pounds Beef 3.4 5.8 716 9 2111 27 13 Pork 3.0 5.1 412 5 1717 19 21 Broilers 1.7 2.8 389 24 1011 24 16 Turkeys 3.1 5.3 131 2 427 18 22 Million Dozen Eggs 2.1 3.5 118 4 525 23 17 Billion Pounds Milk 1.5 2.5 1.8 0.0 5.7 20 19 ================================================================================