WASDE - 572 - 8 December 2017 World and U.S Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2015/16 2468.06 3060.71 376.50 2434.26 626.46 2016/17 (Est.) 2606.66 3233.11 432.30 2577.38 655.74 2017/18 (Proj.) Nov 2555.72 3211.06 412.74 2572.80 638.25 Dec 2562.59 3218.33 415.98 2576.95 641.38 Wheat 2015/16 735.26 953.02 172.84 711.58 241.44 2016/17 (Est.) 753.61 995.04 183.16 739.72 255.33 2017/18 (Proj.) Nov 751.98 1007.58 180.68 740.05 267.53 Dec 755.21 1010.53 182.15 742.12 268.42 Coarse Grains 5/ 2015/16 1260.23 1507.35 163.42 1254.94 252.41 2016/17 (Est.) 1366.32 1618.73 203.19 1356.33 262.40 2017/18 (Proj.) Nov 1322.55 1584.17 187.16 1352.39 231.78 Dec 1323.92 1586.31 188.51 1354.07 232.24 Rice, milled 2015/16 472.57 600.34 40.24 467.73 132.61 2016/17 (Est.) 486.73 619.34 45.96 481.33 138.01 2017/18 (Proj.) Nov 481.20 619.30 44.91 480.36 138.94 Dec 483.47 621.48 45.32 480.76 140.73 United States Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.36 95.81 2017/18 (Proj.) Nov 436.41 540.60 84.89 363.85 91.86 Dec 436.41 540.65 85.45 363.85 91.35 Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 2017/18 (Proj.) Nov 47.37 83.59 27.22 30.92 25.45 Dec 47.37 83.59 26.54 30.92 26.13 Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.44 62.21 2017/18 (Proj.) Nov 383.37 449.11 54.38 329.28 65.45 Dec 383.37 449.16 55.65 329.28 64.23 Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 2017/18 (Proj.) Nov 5.66 7.90 3.30 3.65 0.95 Dec 5.66 7.90 3.27 3.65 0.98 ================================================================================ WASDE - 572 - 9 December 2017 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2015/16 2038.80 2554.71 294.75 2086.14 550.32 2016/17 (Est.) 2134.09 2677.02 335.38 2214.02 559.93 2017/18 (Proj.) Nov 2119.31 2670.46 327.85 2208.95 546.40 Dec 2126.18 2677.68 330.53 2213.10 550.03 Wheat 2015/16 679.14 873.36 151.67 679.64 214.89 2016/17 (Est.) 690.77 902.44 154.44 707.96 223.20 2017/18 (Proj.) Nov 704.60 924.00 153.46 709.14 242.08 Dec 707.84 926.95 155.61 711.20 242.28 Coarse Grains 5/ 2015/16 893.22 1089.46 106.24 942.35 204.30 2016/17 (Est.) 963.71 1164.58 138.68 1028.89 200.19 2017/18 (Proj.) Nov 939.18 1135.06 132.78 1023.11 166.33 Dec 940.54 1137.15 132.87 1024.79 168.01 Rice, milled 2015/16 466.44 591.89 36.85 464.15 131.14 2016/17 (Est.) 479.61 610.00 42.25 477.16 136.55 2017/18 (Proj.) Nov 475.53 611.40 41.61 476.71 137.99 Dec 477.81 613.58 42.05 477.10 139.74 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2015/16 96.15 207.30 35.13 112.26 95.36 2016/17 (Est.) 106.56 201.91 37.23 114.77 87.65 2017/18 (Proj.) Nov 121.46 210.12 38.04 119.25 90.88 Dec 119.96 207.61 38.46 119.59 88.00 United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 2017/18 (Proj.) Nov 21.38 24.14 14.50 3.35 6.10 Dec 21.44 24.20 14.80 3.35 5.80 Foreign 4/ 2015/16 83.26 190.73 25.98 108.81 91.56 2016/17 (Est.) 89.39 180.94 22.32 111.52 84.90 2017/18 (Proj.) Nov 100.08 185.99 23.54 115.90 84.78 Dec 98.52 183.41 23.66 116.24 82.20 ================================================================================ WASDE - 572 - 10 December 2017 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2015/16 520.87 614.22 153.30 445.91 90.53 2016/17 (Est.) 573.69 664.22 170.49 469.45 108.40 2017/18 (Proj.) Nov 578.82 687.36 175.81 489.15 109.32 Dec 579.54 687.95 176.33 488.58 110.80 Oilmeals 2015/16 306.15 323.34 86.88 303.66 16.05 2016/17 (Est.) 321.27 337.32 88.62 317.43 15.96 2017/18 (Proj.) Nov 334.89 350.44 90.85 331.91 15.12 Dec 334.81 350.76 91.33 331.58 15.32 Vegetable Oils 2015/16 176.66 201.00 73.47 177.44 20.71 2016/17 (Est.) 188.60 209.31 80.54 183.78 19.52 2017/18 (Proj.) Nov 194.49 213.58 79.55 189.03 19.89 Dec 196.88 216.41 81.41 189.94 20.72 United States Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.24 9.62 2017/18 (Proj.) Nov 132.14 143.27 62.45 57.69 13.34 Dec 132.16 143.31 61.81 57.69 13.90 Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.08 47.28 10.83 36.04 0.41 2017/18 (Proj.) Nov 44.49 48.92 11.41 37.19 0.33 Dec 44.49 48.92 11.41 37.19 0.33 Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.44 17.37 1.42 14.73 1.23 2017/18 (Proj.) Nov 11.65 17.74 1.22 15.43 1.10 Dec 11.65 17.82 1.13 15.57 1.12 Foreign 3/ Oilseeds 2015/16 404.99 490.46 99.34 390.86 83.66 2016/17 (Est.) 446.75 528.92 110.21 413.21 98.79 2017/18 (Proj.) Nov 446.68 544.09 113.36 431.46 95.98 Dec 447.39 544.64 114.52 430.89 96.90 Oilmeals 2015/16 263.37 276.20 75.70 267.97 15.78 2016/17 (Est.) 278.19 290.04 77.79 281.39 15.55 2017/18 (Proj.) Nov 290.40 301.52 79.45 294.72 14.79 Dec 290.32 301.84 79.92 294.39 14.99 Vegetable Oils 2015/16 165.45 183.97 72.22 162.87 19.51 2016/17 (Est.) 177.16 191.94 79.12 169.05 18.30 2017/18 (Proj.) Nov 182.83 195.84 78.33 173.60 18.79 Dec 185.23 198.59 80.28 174.38 19.59 ================================================================================ WASDE - 572 - 11 December 2017 U.S. Wheat Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1181 1181 Production 2062 2309 1741 1741 Imports 113 118 150 150 Supply, Total 2927 3402 3071 3071 Food 957 949 950 950 Seed 67 61 66 66 Feed and Residual 149 156 120 120 Domestic, Total 1174 1167 1136 1136 Exports 778 1055 1000 975 Use, Total 1951 2222 2136 2111 Ending Stocks 976 1181 935 960 Avg.FarmPrice ($/bu) 2/ 4.89 3.89 4.40-4.80 4.50-4.70 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1082 491 345 286 104 2309 Supply, Total 3/ 1533 805 535 368 162 3402 Domestic Use 488 249 228 99 101 1167 Exports 455 321 92 163 24 1055 Use, Total 943 570 320 263 126 2222 Ending Stocks, Total 589 235 215 105 36 1181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1181 Production 750 385 292 258 55 1741 Supply, Total 3/ 1345 693 527 370 136 3071 Domestic Use 470 271 212 95 88 1136 Exports 405 255 85 210 20 975 Use, Total 875 526 297 305 108 2111 Ending Stocks, Total Dec 470 167 230 65 28 960 Nov 461 157 222 67 28 935 ================================================================================ WASDE - 572 - 12 December 2017 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Acres FEED GRAINS Area Planted 103.2 106.6 101.2 101.2 Area Harvested 93.0 96.5 90.9 90.9 Metric Tons Yield per Harvested Acre 3.94 4.17 4.21 4.21 Million Metric Tons Beginning Stocks 46.9 48.1 62.2 62.2 Production 366.7 402.3 383.1 383.1 Imports 3.7 3.3 3.3 3.4 Supply, Total 417.4 453.6 448.6 448.7 Feed and Residual 135.2 144.3 145.5 145.5 Food, Seed & Industrial 176.9 182.6 183.4 183.4 Domestic, Total 312.1 326.9 328.8 328.8 Exports 57.2 64.5 54.4 55.6 Use, Total 369.3 391.4 383.2 384.5 Ending Stocks 48.1 62.2 65.4 64.2 Million Acres CORN Area Planted 88.0 94.0 90.4 90.4 Area Harvested 80.8 86.7 83.1 83.1 Bushels Yield per Harvested Acre 168.4 174.6 175.4 175.4 Million Bushels Beginning Stocks 1731 1737 2295 2295 Production 13602 15148 14578 14578 Imports 68 57 50 50 Supply, Total 15401 16942 16922 16922 Feed and Residual 5114 5463 5575 5575 Food,Seed& Industrial 2/ 6648 6891 6935 6985 Ethanol & by-products 3/ 5224 5439 5475 5525 Domestic, Total 11763 12354 12510 12560 Exports 1901 2293 1925 1925 Use, Total 13664 14647 14435 14485 Ending Stocks 1737 2295 2487 2437 Avg.FarmPrice ($/bu) 4/ 3.61 3.36 2.80-3.60 2.85-3.55 ================================================================================ WASDE - 572 - 13 December 2017 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 8.5 6.7 5.7 5.7 AreaHarvested(mil.acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 70.4 70.4 Beginning Stocks 18 37 34 34 Production 597 480 356 356 Imports 5 2 0 2 Supply, Total 620 519 389 391 Feed and Residual 107 129 60 60 Food, Seed & Industrial 137 115 100 50 Total Domestic 244 245 160 110 Exports 340 241 210 260 Use, Total 583 485 370 370 Ending Stocks 37 34 19 21 Avg.FarmPrice ($/bu) 2/ 3.31 2.79 2.70-3.50 2.75-3.45 BARLEY AreaPlanted (mil. acres) 3.6 3.1 2.5 2.5 AreaHarvested(mil.acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 5 Use, Total 213 205 202 202 Ending Stocks 102 106 61 61 Avg.FarmPrice ($/bu) 2/ 5.52 4.96 4.10-5.10 4.10-4.90 OATS AreaPlanted (mil. acres) 3.1 2.8 2.6 2.6 AreaHarvested(mil.acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 100 Supply, Total 229 212 200 200 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 30 Avg.FarmPrice ($/bu) 2/ 2.12 2.06 2.25-2.75 2.30-2.70 ================================================================================ WASDE - 572 - 14 December 2017 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Acres TOTAL Area Planted 2.63 3.15 2.49 2.49 Area Harvested 2.59 3.10 2.39 2.39 Pounds Yield per Harvested Acre 7472 7237 7461 7461 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.4 178.4 Imports 24.1 23.5 24.5 24.5 Supply, Total 265.8 294.1 248.9 248.9 Domestic & Residual 3/ 112.4 131.4 115.0 115.0 Exports, Total 4/ 107.0 116.7 104.0 103.0 Rough 39.3 42.5 38.0 36.0 Milled (rough equiv.) 67.7 74.2 66.0 67.0 Use, Total 219.3 248.0 219.0 218.0 Ending Stocks 46.5 46.0 29.9 30.9 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 12.20 10.40 12.50-13.50 12.30-13.30 LONG GRAIN Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7219 6927 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 126.1 126.1 Supply, Total 7/ 180.7 209.4 178.5 178.5 Domestic & Residual 3/ 82.1 99.7 88.0 88.0 Exports 8/ 75.9 78.7 74.0 74.0 Use, Total 158.0 178.4 162.0 162.0 Ending Stocks 22.7 31.0 16.5 16.5 Avg.FarmPrice($/cwt) 6/ 11.20 9.64 11.80-12.80 11.60-12.60 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8107 8311 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 52.2 52.2 Supply, Total 7/ 82.2 81.1 66.9 66.9 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 30.0 29.0 Use, Total 61.3 69.6 57.0 56.0 Ending Stocks 20.9 11.5 9.9 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.90 14.60-15.60 14.20-15.20 California 10/ 18.10 13.70 15.50-16.50 15.00-16.00 Other States 1/ 11.20 10.10 12.00-13.00 11.80-12.80 ================================================================================ WASDE - 572 - 15 December 2017 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Acres SOYBEANS Area Planted 82.7 83.4 90.2 90.2 Area Harvested 81.7 82.7 89.5 89.5 Bushels Yield per Harvested Acre 48.0 52.0 49.5 49.5 Million Bushels Beginning Stocks 191 197 301 301 Production 3926 4296 4425 4425 Imports 24 22 25 25 Supply, Total 4140 4515 4752 4752 Crushings 1886 1899 1940 1940 Exports 1942 2174 2250 2225 Seed 97 105 101 106 Residual 18 36 35 35 Use, Total 3944 4214 4326 4306 Ending Stocks 197 301 425 445 Avg.FarmPrice ($/bu) 2/ 8.95 9.47 8.45-10.15 8.60-10.00 Million Pounds SOYBEAN OIL Beginning Stocks 1855 1687 1711 1711 Production 4/ 21950 22099 22505 22505 Imports 287 319 300 300 Supply, Total 24092 24104 24516 24516 Domestic Disappearance 20162 19837 20800 21000 Biodiesel 3/ 5670 6200 7000 7500 Food, Feed & other Industrial 14492 13637 13800 13500 Exports 2243 2556 2100 1900 Use, Total 22405 22393 22900 22900 Ending stocks 1687 1711 1616 1616 Avg. Price (c/lb) 2/ 29.86 32.48 32.50-36.50 32.50-36.50 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 260 264 401 401 Production 4/ 44672 44733 46099 46099 Imports 403 349 300 300 Supply, Total 45336 45347 46800 46800 Domestic Disappearance 33118 33345 34300 34300 Exports 11954 11601 12200 12200 Use, Total 45072 44946 46500 46500 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 295.00-335.00 295.00-335.00 ================================================================================ WASDE - 572 - 16 December 2017 U.S. Sugar Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1815 2054 1834 1836 Production 2/ 8989 8969 8836 9245 Beet Sugar 5119 5103 4950 5359 Cane Sugar 3870 3866 3886 3886 Florida 2173 2055 2036 2036 Hawaii 152 43 0 0 Louisiana 1428 1628 1690 1690 Texas 116 140 160 160 Imports 3341 3244 3710 3326 TRQ 3/ 1620 1611 1756 1798 Other Program 4/ 396 419 250 250 Other 5/ 1325 1213 1704 1278 Mexico 1309 1201 1694 1268 Total Supply 14145 14267 14380 14407 Exports 74 95 50 50 Deliveries 12051 12283 12555 12555 Food 6/ 11881 12127 12400 12400 Other 7/ 170 156 155 155 Miscellaneous -33 53 0 0 Total Use 12091 12431 12605 12605 Ending Stocks 2054 1836 1775 1802 Stocks to Use Ratio 17.0 14.8 14.1 14.3 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Raw Value Sugar 2016/17 Est. Nov 1037 5957 118 4896 1214 1002 Dec 1037 5957 93 4851 1234 1002 2017/18 Proj. Nov 1002 6100 95 4912 1460 825 Dec 1002 6100 95 4972 1217 1008 ================================================================================ WASDE - 572 - 17 December 2017 U.S. Cotton Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Nov Dec ================================================================================ Million Acres Planted 8.58 10.07 12.62 12.62 Harvested 8.07 9.51 11.41 11.41 Pounds Yield per Harvested Acre 766 867 900 902 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.38 21.44 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.14 24.20 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.50 14.80 Use, Total 12.60 18.17 17.85 18.15 Unaccounted 2/ 0.17 0.06 0.19 0.25 Ending Stocks 3.80 2.75 6.10 5.80 Avg. Farm Price 3/ 61.2 68.0 60.00-66.00 63.00-69.00 ================================================================================ WASDE - 572 - 18 December 2017 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 217.76 735.26 170.10 136.50 711.58 172.84 241.44 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.29 679.14 167.03 132.44 679.64 151.67 214.89 Major Exporters 4/ 29.27 221.65 7.60 65.66 150.60 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.52 2.76 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.15 205.47 92.35 27.94 264.64 6.42 139.91 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. World 3/ 241.44 753.61 179.18 147.50 739.72 183.16 255.33 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.89 690.77 175.96 143.24 707.96 154.44 223.20 Major Exporters 4/ 25.41 228.88 5.93 65.82 151.45 83.73 25.03 Argentina 0.82 18.40 0.01 0.10 5.30 13.60 0.32 Australia 3.85 33.50 0.14 4.30 7.75 22.64 7.10 Canada 5.18 31.73 0.51 5.42 10.40 20.18 6.84 European Union 5/ 15.56 145.25 5.28 56.00 128.00 27.31 10.77 Major Importers 6/ 139.91 200.06 96.42 36.62 278.75 5.57 152.08 Brazil 1.00 6.73 7.35 0.80 12.20 0.70 2.18 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.58 13.92 Pakistan 3.83 25.60 0.00 0.80 24.50 0.60 4.33 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.48 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.80 0.04 3.60 10.30 18.11 1.78 ================================================================================ WASDE - 572 - 19 December 2017 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2017/18 Proj. World 3/ Nov 255.61 751.98 179.21 140.77 740.05 180.68 267.53 Dec 255.33 755.21 180.60 142.67 742.12 182.15 268.42 United States Nov 32.13 47.37 4.08 3.27 30.92 27.22 25.45 Dec 32.13 47.37 4.08 3.27 30.92 26.54 26.13 Total Foreign Nov 223.48 704.60 175.13 137.51 709.14 153.46 242.08 Dec 223.20 707.84 176.52 139.41 711.20 155.61 242.28 Major Exporters 4/ Nov 24.78 217.49 7.16 63.00 149.05 78.70 21.68 Dec 25.03 221.50 6.66 64.10 150.05 79.70 23.44 Argentina Nov 0.32 17.50 0.01 0.10 5.70 11.70 0.43 Dec 0.32 17.50 0.01 0.10 5.60 11.70 0.53 Australia Nov 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Dec 7.10 21.50 0.15 3.50 7.00 17.50 4.25 Canada Nov 6.87 27.00 0.50 2.90 8.10 21.00 5.27 Dec 6.84 30.00 0.50 3.50 8.70 22.00 6.64 European Union 5/ Nov 10.49 151.49 6.50 56.50 128.25 28.50 11.73 Dec 10.77 152.50 6.00 57.00 128.75 28.50 12.02 Major Importers 6/ Nov 152.64 202.71 93.83 29.58 275.99 6.36 166.83 Dec 152.08 202.00 95.78 30.48 276.89 6.46 166.51 Brazil Nov 2.18 4.90 7.50 0.50 12.10 0.80 1.68 Dec 2.18 4.25 8.00 0.50 12.10 0.80 1.53 China Nov 111.05 130.00 3.00 13.00 116.00 0.80 127.25 Dec 111.05 130.00 3.50 13.00 116.00 0.80 127.75 Sel. Mideast 7/ Nov 13.04 19.48 18.70 5.22 40.57 0.74 9.91 Dec 13.03 19.42 18.70 5.22 40.47 0.84 9.84 N. Africa 8/ Nov 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Dec 13.92 18.15 28.35 2.18 45.08 0.69 14.66 Pakistan Nov 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Dec 4.33 25.70 0.03 0.80 24.80 0.60 4.66 Southeast Asia 9/ Nov 6.16 0.00 25.05 6.89 23.34 1.07 6.80 Dec 5.61 0.00 26.00 7.79 24.34 1.07 6.20 India Nov 9.80 98.38 3.00 5.00 100.00 0.50 10.68 Dec 9.80 98.38 3.00 5.00 100.00 0.50 10.68 FSU-12 Nov 21.13 139.27 7.96 31.60 83.19 57.99 27.19 Dec 21.11 139.27 7.96 31.50 82.99 59.04 26.32 Russia Nov 10.83 83.00 0.50 20.50 44.00 33.00 17.33 Dec 10.83 83.00 0.50 20.50 44.00 33.50 16.83 Kazakhstan Nov 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Dec 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Ukraine Nov 1.78 26.50 0.03 3.50 10.00 16.50 1.81 Dec 1.78 26.50 0.03 3.40 9.80 17.00 1.51 ================================================================================ WASDE - 572 - 20 December 2017 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 247.12 1260.23 181.15 767.24 1254.94 163.42 252.41 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.17 893.22 177.22 631.87 942.35 106.24 204.30 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. World 3/ 252.41 1366.32 175.12 800.13 1356.33 203.19 262.40 United States 48.11 402.61 3.43 144.50 327.44 64.50 62.21 Total Foreign 204.30 963.71 171.69 655.63 1028.89 138.68 200.19 Major Exporters 4/ 17.63 210.86 2.65 89.36 121.51 82.52 27.10 Argentina 3.18 48.57 0.00 10.96 16.23 28.61 6.91 Australia 1.50 16.88 0.00 3.92 5.79 10.58 2.01 Brazil 7.01 101.58 1.49 53.45 64.03 36.01 10.04 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.28 123.69 277.38 359.59 11.04 45.36 European Union 6/ 15.45 152.59 15.84 120.07 160.69 8.07 15.12 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.32 15.24 28.00 46.90 1.54 6.01 N. Afr & Mideast 7/ 15.59 26.21 35.63 56.83 64.67 0.16 12.61 Saudi Arabia 4.41 0.36 12.92 12.92 13.43 0.00 4.26 Southeast Asia 8/ 4.33 29.35 13.50 34.96 42.77 1.27 3.14 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.05 227.44 16.06 174.28 252.94 0.11 102.49 FSU-12 6.25 92.19 0.76 40.55 55.91 36.58 6.70 Russia 1.66 40.77 0.28 22.48 32.13 8.56 2.02 Ukraine 3.17 39.26 0.04 9.06 12.52 26.90 3.04 ================================================================================ WASDE - 572 - 21 December 2017 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2017/18 Proj. World 3/ Nov 261.62 1322.55 181.57 815.33 1352.39 187.16 231.78 Dec 262.40 1323.92 182.85 817.12 1354.07 188.51 232.24 United States Nov 62.21 383.37 3.53 145.57 329.28 54.38 65.45 Dec 62.21 383.37 3.58 145.57 329.28 55.65 64.23 Total Foreign Nov 199.41 939.18 178.05 669.75 1023.11 132.78 166.33 Dec 200.19 940.54 179.28 671.54 1024.79 132.87 168.01 Major Exporters 4/ Nov 26.86 196.53 2.25 90.74 123.00 78.61 24.03 Dec 27.10 197.45 2.23 91.18 123.43 78.61 24.75 Argentina Nov 6.92 49.00 0.01 11.72 17.38 31.21 7.34 Dec 6.91 49.00 0.01 11.72 17.38 31.21 7.33 Australia Nov 2.01 11.43 0.00 3.62 5.49 6.93 1.02 Dec 2.01 11.50 0.00 3.64 5.51 6.93 1.07 Brazil Nov 9.73 97.60 0.85 54.30 64.75 34.02 9.41 Dec 10.04 97.79 0.85 54.44 64.89 34.02 9.77 Canada Nov 4.96 25.56 1.06 15.19 22.95 4.75 3.88 Dec 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Major Importers 5/ Nov 45.19 242.88 130.60 285.02 367.34 10.28 41.05 Dec 45.36 243.25 130.69 284.91 367.33 10.78 41.18 European Union 6/ Nov 14.66 150.43 16.61 119.58 160.10 8.01 13.59 Dec 15.12 150.80 16.71 119.48 160.10 8.51 14.01 Japan Nov 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Dec 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Nov 6.18 31.63 16.90 29.22 48.19 1.30 5.22 Dec 6.01 31.63 16.90 29.22 48.19 1.30 5.05 N. Afr & Mideast 7/ Nov 12.79 29.99 38.88 60.92 68.92 0.25 12.50 Dec 12.61 29.99 38.87 60.91 68.91 0.25 12.31 Saudi Arabia Nov 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Dec 4.26 0.36 13.01 14.05 14.61 0.00 3.02 Southeast Asia 8/ Nov 3.04 30.01 14.12 36.16 43.76 0.73 2.67 Dec 3.14 30.01 14.12 36.16 43.76 0.73 2.77 South Korea Nov 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Dec 1.85 0.20 9.77 7.54 10.01 0.00 1.82 China Nov 102.49 223.04 14.70 177.55 260.08 0.08 80.07 Dec 102.49 223.93 16.00 178.85 261.38 0.08 80.97 FSU-12 Nov 6.74 90.85 0.72 40.60 55.84 36.65 5.82 Dec 6.70 89.85 0.72 40.38 55.52 36.27 5.48 Russia Nov 2.01 43.30 0.11 23.15 32.80 10.36 2.26 Dec 2.02 42.30 0.11 22.95 32.60 9.86 1.97 Ukraine Nov 3.10 34.99 0.03 7.24 10.61 25.31 2.20 Dec 3.04 34.99 0.03 7.24 10.51 25.41 2.15 ================================================================================ WASDE - 572 - 22 December 2017 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 209.74 973.45 139.25 601.88 968.28 119.69 214.91 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.77 627.95 137.54 471.97 669.50 71.40 170.78 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. World 3/ 214.91 1075.55 136.10 632.38 1063.12 164.08 227.34 United States 44.12 384.78 1.45 138.78 313.81 58.24 58.30 Total Foreign 170.78 690.77 134.65 493.60 749.31 105.84 169.04 Major Exporters 4/ 9.32 156.98 0.85 65.63 84.83 64.00 18.33 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.80 51.00 60.50 36.00 9.57 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.47 80.63 147.96 200.71 4.99 21.82 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.25 55.00 73.70 2.17 7.55 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.57 14.57 22.50 40.40 1.54 5.41 Southeast Asia 7/ 4.33 29.30 13.48 34.90 42.70 1.27 3.14 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.72 FSU-12 2.59 47.30 0.35 17.20 19.98 27.15 3.11 Ukraine 1.39 28.00 0.03 5.10 6.50 21.33 1.58 ================================================================================ WASDE - 572 - 23 December 2017 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2017/18 Proj. World 3/ Nov 226.58 1043.90 146.58 652.53 1066.62 151.61 203.86 Dec 227.34 1044.75 146.48 652.40 1068.01 151.61 204.08 United States Nov 58.30 370.29 1.27 141.61 317.77 48.90 63.19 Dec 58.30 370.29 1.27 141.61 319.04 48.90 61.92 Total Foreign Nov 168.29 673.61 145.31 510.92 748.85 102.72 140.68 Dec 169.04 674.47 145.21 510.79 748.97 102.72 142.16 Major Exporters 4/ Nov 18.03 149.50 0.41 66.30 85.70 64.70 17.54 Dec 18.33 149.50 0.41 66.30 85.70 64.70 17.83 Argentina Nov 5.77 42.00 0.01 8.50 12.50 29.00 6.27 Dec 5.76 42.00 0.01 8.50 12.50 29.00 6.27 Brazil Nov 9.27 95.00 0.30 52.00 61.50 34.00 9.07 Dec 9.57 95.00 0.30 52.00 61.50 34.00 9.37 South Africa Nov 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Dec 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Major Importers 5/ Nov 21.69 121.90 85.80 153.25 206.10 3.53 19.76 Dec 21.82 122.41 85.80 153.25 206.20 4.03 19.80 Egypt Nov 2.11 6.00 10.00 13.40 15.90 0.01 2.20 Dec 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Nov 7.09 59.59 16.00 56.00 74.70 1.50 6.47 Dec 7.55 60.09 16.00 56.00 74.80 2.00 6.84 Japan Nov 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Dec 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Nov 5.58 26.20 16.50 24.30 42.30 1.30 4.68 Dec 5.41 26.20 16.50 24.30 42.30 1.30 4.51 Southeast Asia 7/ Nov 3.04 29.96 14.10 36.10 43.70 0.72 2.67 Dec 3.14 29.96 14.10 36.10 43.70 0.72 2.77 South Korea Nov 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Dec 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Canada Nov 2.08 14.10 1.00 8.40 14.00 1.30 1.88 Dec 2.04 14.10 1.00 8.40 14.00 1.30 1.84 China Nov 100.72 215.00 3.00 166.00 240.00 0.05 78.67 Dec 100.72 215.89 3.00 166.00 240.00 0.05 79.56 FSU-12 Nov 3.14 44.25 0.45 16.48 19.16 26.26 2.42 Dec 3.11 43.25 0.45 15.98 18.66 25.76 2.38 Ukraine Nov 1.64 25.00 0.03 3.80 5.10 20.50 1.06 Dec 1.58 25.00 0.03 3.80 5.10 20.50 1.01 ================================================================================ WASDE - 572 - 24 December 2017 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2015/16 World 3/ 127.77 472.57 38.34 467.73 40.24 132.61 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.22 466.44 37.57 464.15 36.85 131.14 Major Exporters 4/ 31.54 154.59 0.61 127.97 29.30 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.10 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.45 1.49 1.91 3.31 0.04 0.51 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. World 3/ 132.61 486.73 40.88 481.33 45.96 138.01 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.14 479.61 40.13 477.16 42.25 136.55 Major Exporters 4/ 29.48 163.75 0.56 133.68 32.42 27.69 India 18.40 110.15 0.00 96.78 11.22 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.00 4.85 Vietnam 1.56 27.55 0.30 21.80 6.60 1.01 Major Importers 5/ 9.82 66.23 12.03 77.17 1.02 9.89 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 37.15 0.30 37.50 0.02 3.44 Nigeria 1.40 3.65 2.40 6.10 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.05 5.78 0.00 1.03 Selected Other 0.00 Burma 1.24 12.65 0.01 10.20 3.10 0.60 C. Amer & Carib 8/ 0.51 1.60 1.82 3.40 0.03 0.49 China 78.50 144.85 5.30 141.35 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.40 4.73 0.00 1.70 ================================================================================ WASDE - 572 - 25 December 2017 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2017/18 Proj. World 3/ Nov 138.11 481.20 43.33 480.36 44.91 138.94 Dec 138.01 483.47 43.85 480.76 45.32 140.73 United States Nov 1.46 5.66 0.78 3.65 3.30 0.95 Dec 1.46 5.66 0.78 3.65 3.27 0.98 Total Foreign Nov 136.65 475.53 42.55 476.71 41.61 137.99 Dec 136.55 477.81 43.07 477.10 42.05 139.74 Major Exporters 4/ Nov 27.69 163.25 0.55 135.00 31.90 24.59 Dec 27.69 163.25 0.55 134.80 32.10 24.59 India Nov 20.55 107.50 0.00 98.00 11.60 18.45 Dec 20.55 107.50 0.00 98.00 11.60 18.45 Pakistan Nov 1.28 6.90 0.00 3.20 3.80 1.18 Dec 1.28 6.90 0.00 3.20 3.80 1.18 Thailand Nov 4.85 20.40 0.25 11.50 10.20 3.80 Dec 4.85 20.40 0.25 11.50 10.20 3.80 Vietnam Nov 1.01 28.45 0.30 22.30 6.30 1.16 Dec 1.01 28.45 0.30 22.10 6.50 1.16 Major Importers 5/ Nov 9.96 65.14 12.72 77.40 0.93 9.49 Dec 9.89 65.15 12.52 77.30 0.93 9.33 Brazil Nov 0.59 7.82 0.63 7.95 0.60 0.49 Dec 0.64 7.82 0.63 7.95 0.60 0.54 European Union 6/ Nov 1.13 2.08 1.90 3.75 0.28 1.08 Dec 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Nov 3.54 37.00 0.50 37.40 0.02 3.62 Dec 3.44 37.00 0.30 37.30 0.02 3.42 Nigeria Nov 1.35 3.65 2.30 6.20 0.00 1.11 Dec 1.35 3.65 2.30 6.20 0.00 1.11 Philippines Nov 2.00 11.20 1.70 12.90 0.00 2.00 Dec 2.00 11.20 1.70 12.90 0.00 2.00 Sel. Mideast 7/ Nov 1.03 1.96 3.85 5.95 0.00 0.88 Dec 1.03 1.96 3.85 5.95 0.00 0.88 Burma Nov 0.65 12.60 0.01 10.20 2.60 0.46 Dec 0.60 12.95 0.01 10.20 3.00 0.36 C. Amer & Carib 8/ Nov 0.49 1.65 1.84 3.52 0.03 0.42 Dec 0.49 1.65 1.87 3.55 0.03 0.44 China Nov 86.50 144.00 5.25 142.15 1.10 92.50 Dec 86.50 146.00 5.25 142.15 1.10 94.50 Egypt Nov 1.47 4.30 0.05 4.40 0.10 1.32 Dec 1.47 4.30 0.05 4.40 0.10 1.32 Japan Nov 2.46 7.60 0.69 8.45 0.06 2.24 Dec 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Nov 0.16 0.19 0.85 0.91 0.09 0.20 Dec 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Nov 1.74 3.90 0.41 4.65 0.00 1.39 Dec 1.70 3.97 0.41 4.80 0.00 1.28 ================================================================================ WASDE - 572 - 26 December 2017 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2015/16 World 111.15 96.15 35.42 112.26 35.13 -0.02 95.36 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.50 83.26 35.39 108.81 25.98 -0.19 91.56 Major Exporters 4/ 29.72 46.56 1.77 32.48 22.80 -0.28 23.05 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.35 S. Hemis 7/ 10.80 9.98 0.25 4.22 7.67 -0.29 9.43 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. World 95.36 106.56 37.62 114.77 37.23 -0.12 87.65 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.56 89.39 37.61 111.52 22.32 -0.18 84.90 Major Exporters 4/ 23.05 50.75 3.63 31.97 19.19 -0.27 26.56 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.35 5.09 3/ 0.13 4.51 0.01 1.78 S. Hemis 7/ 9.43 12.31 0.37 4.29 7.07 -0.30 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 ================================================================================ WASDE - 572 - 27 December 2017 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2017/18 Proj. World Nov 88.67 121.46 38.03 119.25 38.04 -0.01 90.88 Dec 87.65 119.96 38.48 119.59 38.46 0.06 88.00 United States Nov 2.75 21.38 0.01 3.35 14.50 0.19 6.10 Dec 2.75 21.44 0.01 3.35 14.80 0.25 5.80 Total Foreign Nov 85.92 100.08 38.02 115.90 23.54 -0.20 84.78 Dec 84.90 98.52 38.47 116.24 23.66 -0.20 82.20 Major Exporters 4/ Nov 27.47 56.16 2.40 32.98 20.16 -0.29 33.18 Dec 26.56 55.35 2.40 33.22 20.30 -0.29 31.07 Central Asia 5/ Nov 2.36 6.13 3/ 3.21 2.31 0.00 2.96 Dec 2.39 6.30 3/ 3.22 2.49 0.00 2.98 Afr. Fr. Zone 6/ Nov 1.73 5.31 3/ 0.13 4.58 0.00 2.34 Dec 1.78 5.10 3/ 0.13 4.46 0.00 2.30 S. Hemis 7/ Nov 11.05 14.22 0.30 4.49 8.38 -0.30 12.99 Dec 11.05 14.00 0.30 4.48 8.78 -0.30 12.38 Australia Nov 2.39 4.80 3/ 0.04 4.10 -0.15 3.21 Dec 2.39 4.70 3/ 0.04 4.30 -0.15 2.91 Brazil Nov 7.61 7.80 0.13 3.40 3.75 -0.15 8.53 Dec 7.61 7.80 0.13 3.40 4.00 -0.15 8.28 India Nov 12.13 30.00 1.60 24.50 4.60 0.00 14.63 Dec 11.13 29.50 1.60 24.75 4.30 0.00 13.18 Major Importers 8/ Nov 56.88 41.10 33.19 78.89 2.37 0.09 49.83 Dec 56.78 40.35 33.64 78.99 2.35 0.09 49.35 Mexico Nov 0.44 1.50 0.80 1.80 0.28 0.03 0.64 Dec 0.44 1.50 0.80 1.80 0.28 0.03 0.64 China Nov 48.42 25.00 5.30 39.00 0.05 0.00 39.67 Dec 48.42 25.00 5.30 39.00 0.05 0.00 39.67 European Union 9/ Nov 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Dec 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Nov 1.68 3.80 3.40 6.75 0.28 0.00 1.85 Dec 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Pakistan Nov 2.27 9.15 2.40 10.60 0.35 0.03 2.84 Dec 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Indonesia Nov 0.62 3/ 3.35 3.30 0.01 0.00 0.67 Dec 0.62 3/ 3.45 3.40 0.01 0.00 0.67 Thailand Nov 0.20 3/ 1.30 1.25 0.00 0.03 0.23 Dec 0.20 3/ 1.25 1.20 0.00 0.03 0.23 Bangladesh Nov 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Dec 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Vietnam Nov 0.88 3/ 6.50 6.10 0.00 0.00 1.29 Dec 0.88 3/ 6.50 6.10 0.00 0.00 1.29 ================================================================================ WASDE - 572 - 28 December 2017 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2015/16 World 2/ 77.73 313.77 133.33 275.36 314.35 132.55 77.92 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.55 206.91 132.69 224.02 259.88 79.69 72.57 Major Exporters 3/ 50.72 164.73 1.12 86.89 94.76 71.88 49.94 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.75 43.25 54.38 18.20 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. World 2/ 77.92 351.32 144.33 288.12 329.69 147.26 96.62 United States 5.35 116.92 0.61 51.68 55.52 59.16 8.20 Total Foreign 72.57 234.40 143.72 236.44 274.16 88.11 88.42 Major Exporters 3/ 49.94 185.78 1.96 88.05 96.22 79.23 62.23 Argentina 31.70 57.80 1.67 43.30 47.73 7.02 36.42 Brazil 18.20 114.10 0.25 40.90 44.55 63.14 24.86 Paraguay 0.03 10.67 0.01 3.65 3.72 6.17 0.82 Major Importers 4/ 19.73 16.80 122.53 113.21 135.89 0.39 22.79 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.38 14.40 16.04 0.22 1.06 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. World 2/ Nov 96.28 348.89 150.12 301.98 344.96 152.43 97.90 Dec 96.62 348.47 150.41 301.57 344.72 152.45 98.32 United States Nov 8.20 120.44 0.68 52.80 56.51 61.24 11.57 Dec 8.20 120.44 0.68 52.80 56.64 60.56 12.12 Total Foreign Nov 88.08 228.45 149.44 249.18 288.45 91.20 86.33 Dec 88.42 228.03 149.73 248.77 288.08 91.90 86.20 Major Exporters 3/ Nov 62.05 176.92 1.74 90.74 99.12 81.40 60.19 Dec 62.23 176.92 1.93 90.74 99.15 82.40 59.54 Argentina Nov 36.50 57.00 1.50 44.84 49.45 8.00 37.55 Dec 36.42 57.00 1.70 44.84 49.45 8.50 37.17 Brazil Nov 24.76 108.00 0.20 42.00 45.70 65.00 22.26 Dec 24.86 108.00 0.20 42.00 45.70 65.50 21.86 Paraguay Nov 0.66 9.40 0.01 3.70 3.76 6.00 0.32 Dec 0.82 9.40 0.01 3.70 3.78 6.00 0.45 Major Importers 4/ Nov 22.59 18.18 127.25 120.68 144.56 0.40 23.06 Dec 22.79 18.18 127.25 120.68 144.56 0.40 23.26 China Nov 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Dec 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Nov 0.90 2.48 14.00 14.50 16.15 0.20 1.03 Dec 1.06 2.48 14.00 14.50 16.15 0.20 1.19 Japan Nov 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Dec 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mexico Nov 0.10 0.48 4.30 4.72 4.76 0.00 0.13 Dec 0.15 0.48 4.30 4.72 4.76 0.00 0.17 ================================================================================ WASDE - 572 - 29 December 2017 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 13.57 216.15 61.88 213.60 65.41 12.58 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.33 175.63 61.52 183.56 54.57 12.35 Major Exporters 3/ 8.39 68.52 0.07 23.58 46.14 7.26 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.81 30.75 0.03 16.27 15.41 2.91 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.96 16.43 36.56 52.59 0.51 1.84 European Union 0.66 11.81 19.20 30.89 0.30 0.48 Southeast Asia 5/ 1.24 2.89 15.64 18.25 0.21 1.31 2016/17 Est. World 2/ 12.58 226.07 60.74 222.22 64.65 12.52 United States 0.24 40.58 0.32 30.25 10.52 0.36 Total Foreign 12.35 185.49 60.42 191.97 54.13 12.15 Major Exporters 3/ 7.26 72.29 0.05 24.70 47.09 7.81 Argentina 4.23 33.27 0.00 2.85 31.32 3.33 Brazil 2.91 31.66 0.04 16.84 13.76 4.00 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.84 16.17 36.42 52.44 0.58 1.41 European Union 0.48 11.38 18.92 30.24 0.33 0.20 Southeast Asia 5/ 1.31 2.98 15.88 18.77 0.24 1.17 2017/18 Proj. World 2/ Nov 12.25 237.12 64.03 234.19 67.23 11.98 Dec 12.52 236.97 63.86 233.79 67.25 12.30 United States Nov 0.36 41.82 0.27 31.12 11.07 0.27 Dec 0.36 41.82 0.27 31.12 11.07 0.27 Total Foreign Nov 11.88 195.30 63.76 203.07 56.17 11.71 Dec 12.15 195.15 63.59 202.68 56.19 12.03 Major Exporters 3/ Nov 7.53 73.94 0.04 25.99 48.15 7.38 Dec 7.81 74.12 0.04 25.99 48.25 7.74 Argentina Nov 3.05 34.42 0.00 3.06 31.20 3.21 Dec 3.33 34.42 0.00 3.06 31.20 3.50 Brazil Nov 4.00 32.50 0.03 17.48 15.25 3.80 Dec 4.00 32.50 0.03 17.48 15.25 3.80 India Nov 0.49 7.02 0.01 5.45 1.70 0.36 Dec 0.48 7.20 0.01 5.45 1.80 0.44 Major Importers 4/ Nov 1.36 16.45 37.98 53.77 0.53 1.48 Dec 1.41 16.45 37.68 53.47 0.53 1.54 European Union Nov 0.14 11.46 19.40 30.54 0.30 0.16 Dec 0.20 11.46 19.20 30.34 0.30 0.21 Southeast Asia 5/ Nov 1.17 3.22 16.73 19.61 0.23 1.28 Dec 1.17 3.22 16.73 19.61 0.23 1.28 ================================================================================ WASDE - 572 - 30 December 2017 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 4.22 51.57 11.63 52.16 11.71 3.56 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.38 41.62 11.50 43.02 10.69 2.80 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.53 15.96 6.85 22.98 0.16 1.20 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.23 0.33 2.00 2.33 0.07 0.16 2016/17 Est. World 2/ 3.56 53.86 10.99 53.81 11.33 3.28 United States 0.77 10.02 0.15 9.00 1.16 0.78 Total Foreign 2.80 43.84 10.85 44.81 10.17 2.51 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.47 0.76 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.84 0.14 Major Importers 4/ 1.20 17.93 5.88 23.83 0.20 0.97 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.16 0.50 1.63 2.08 0.08 0.13 2017/18 Proj. World 2/ Nov 3.35 56.29 11.48 55.99 11.75 3.38 Dec 3.28 56.20 11.49 56.01 11.70 3.26 United States Nov 0.78 10.21 0.14 9.44 0.95 0.73 Dec 0.78 10.21 0.14 9.53 0.86 0.73 Total Foreign Nov 2.57 46.08 11.35 46.55 10.80 2.65 Dec 2.51 46.00 11.35 46.48 10.84 2.53 Major Exporters 3/ Nov 0.81 19.45 0.31 11.65 8.12 0.80 Dec 0.76 19.45 0.31 11.60 8.17 0.75 Argentina Nov 0.34 8.63 0.00 2.80 5.85 0.33 Dec 0.31 8.63 0.00 2.75 5.90 0.29 Brazil Nov 0.34 8.06 0.06 6.70 1.45 0.31 Dec 0.32 8.06 0.06 6.70 1.45 0.29 European Union Nov 0.13 2.76 0.25 2.16 0.82 0.16 Dec 0.14 2.76 0.25 2.16 0.82 0.17 Major Importers 4/ Nov 0.94 19.27 6.37 25.34 0.17 1.07 Dec 0.97 19.27 6.37 25.34 0.17 1.10 China Nov 0.54 17.02 0.50 17.40 0.10 0.56 Dec 0.54 17.02 0.50 17.40 0.10 0.56 India Nov 0.27 1.62 4.10 5.60 0.00 0.39 Dec 0.30 1.62 4.10 5.60 0.00 0.42 North Africa 5/ Nov 0.14 0.62 1.77 2.34 0.07 0.12 Dec 0.13 0.62 1.77 2.34 0.07 0.12 ================================================================================ WASDE - 572 - 31 December 2017 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2016 IV 6625 6648 13329 10065 1511 11708 25037 2220 52.5 Annual 25221 24941 50387 40695 5981 47225 97612 8565 212.4 2017 I 6300 6409 12764 10233 1487 11848 24612 2174 53.6 II 6404 6137 12595 10407 1481 12023 24618 2175 55.3 III 6731 6239 13023 10551 1479 12167 25191 2187 53.5 IV* 6870 6775 13700 10350 1550 12035 25735 2210 53.4 NovProj. 26400 25740 52358 41540 5997 48072 100430 8771 215.8 DecProj. 26305 25560 52082 41541 5997 48073 100155 8746 215.7 2018 I* 6430 6700 13183 10400 1475 12008 25191 2215 54.4 II* 6920 6390 13365 10625 1500 12265 25630 2195 56.2 III* 7035 6580 13669 10700 1500 12340 26009 2240 54.3 NovProj. 27620 26925 54763 42275 6025 48848 103611 8905 219.7 DecProj. 27590 26915 54723 42275 6025 48848 103571 8935 219.3 ================================================================================ 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 2016 IV 107.69 37.02 78.0 116.6 81.7 17.80 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV* 116-119 44-45 85-86 86-87 143-146 17.75-17.95 NovProj. 121.80 49.01 93.8 96.6 94.7 17.65-17.75 DecProj. 121.42 50.38 93.4 95.7 100.3 17.60-17.70 2018 I* 117-123 47-49 88-92 83-87 106-112 16.50-17.00 II* 112-122 49-53 86-94 91-99 91-99 16.20-17.00 III* 110-120 47-51 84-92 96-104 96-104 16.40-17.40 NovProj. 113-122 43-47 85-92 96-103 92-99 16.90-17.80 DecProj. 113-122 46-49 85-92 93-100 100-107 16.65-17.45 ================================================================================ WASDE - 572 - 32 December 2017 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2016 683 25288 3015 28986 2556 757 25673 55.6 2017 Proj. Nov 757 26467 2966 30190 2855 700 26635 57.3 Dec 757 26372 2966 30095 2875 700 26520 57.0 2018 Proj. Nov 700 27687 3030 31417 2970 715 27732 59.2 Dec 700 27657 3030 31387 2985 715 27687 59.1 Pork 2016 590 24956 1091 26637 5239 507 20891 50.1 2017 Proj. Nov 507 25756 1113 27376 5588 630 21158 50.4 Dec 507 25576 1113 27196 5588 630 20978 50.0 2018 Proj. Nov 630 26941 1000 28571 5900 660 22011 52.1 Dec 630 26931 1000 28561 5900 660 22001 52.1 TotalRed Meat5/ 2016 1320 50480 4322 56123 7801 1304 47018 106.9 2017 Proj. Nov 1304 52451 4330 58085 8450 1374 48261 109.0 Dec 1304 52175 4330 57809 8470 1374 47965 108.3 2018 Proj. Nov 1374 54856 4272 60502 8878 1419 50205 112.6 Dec 1374 54816 4272 60462 8893 1419 50150 112.4 Broiler 2016 832 40260 131 41223 6644 778 33800 89.8 2017 Proj. Nov 778 41096 123 41997 6713 780 34504 91.0 Dec 778 41097 123 41998 6713 825 34460 90.9 2018 Proj. Nov 780 41823 130 42733 6910 780 35043 91.8 Dec 825 41823 130 42778 6910 790 35078 91.9 Turkey 2016 201 5981 50 6232 569 279 5384 16.6 2017 Proj. Nov 279 5997 28 6304 618 300 5386 16.5 Dec 279 5997 28 6304 623 325 5356 16.4 2018 Proj. Nov 300 6025 40 6365 650 300 5415 16.5 Dec 325 6025 40 6390 655 300 5435 16.6 Total Poultry6/ 2016 1041 46789 184 48014 7372 1065 39577 107.6 2017 Proj. Nov 1065 47627 154 48847 7464 1088 40294 108.8 Dec 1065 47628 154 48848 7469 1158 40220 108.6 2018 Proj. Nov 1088 48395 174 49657 7705 1088 40864 109.6 Dec 1158 48395 174 49727 7710 1098 40919 109.7 RedMeat& Poultry 2016 2361 97269 4506 104136 15173 2369 86595 214.6 2017 Proj. Nov 2369 100078 4484 106931 15914 2462 88555 217.8 Dec 2369 99803 4484 106656 15939 2532 88185 216.9 2018 Proj. Nov 2462 103251 4446 110159 16583 2507 91069 222.1 Dec 2532 103211 4446 110189 16603 2517 91069 222.2 ================================================================================ WASDE - 572 - 33 December 2017 U.S. Egg Supply and Use ================================================================================ 2015 2016 2017Proj. 2017Proj. 2018Proj. 2018Proj. Commodity Nov Dec Nov Dec ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.3 31.1 27.1 27.1 27.0 26.0 Production 8053.0 8565.0 8771.3 8746.3 8905.0 8935.0 Imports 123.5 121.9 37.4 34.4 40.0 40.0 Total Supply 8199.8 8718.0 8835.8 8807.8 8972.0 9001.0 Use Exports 313.6 279.0 313.0 323.0 320.0 320.0 Hatching Use 995.6 1009.6 1028.7 1033.7 1030.0 1030.0 Ending Stocks 31.1 27.1 27.0 26.0 27.0 27.0 Disappearance Total 6859.4 7402.3 7467.1 7425.1 7595.0 7624.0 Per Capita (number) 256.3 274.7 275.2 273.7 278.0 279.1 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2015 2016 2017Proj. 2017Proj. 2018Proj. 2018Proj. Commodity Nov Dec Nov Dec ================================================================================ Billion Pounds Milk Production 208.6 212.4 215.8 215.7 219.7 219.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Beg.CommercialStocks 10.5 12.3 12.7 12.7 13.6 13.6 Marketings 207.6 211.4 214.8 214.7 218.7 218.3 Imports 5.8 7.0 6.1 6.1 6.1 6.1 Total Cml. Supply 223.9 230.8 233.6 233.6 238.4 238.0 Commercial Exports 8.5 8.4 9.1 9.1 9.4 9.4 Ending Commercial Stocks 12.3 12.7 13.6 13.6 12.4 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.7 210.9 210.8 216.7 215.9 Beg.CommercialStocks 9.4 9.2 9.5 9.5 12.6 12.6 Marketings 207.6 211.4 214.8 214.7 218.7 218.3 Imports 6.0 6.5 6.1 6.1 6.1 6.1 Total Cml. Supply 223.1 227.1 230.4 230.4 237.4 237.0 Commercial Exports 37.3 39.0 39.9 40.1 41.7 41.8 Ending Commercial Stocks 9.2 9.5 12.6 12.6 10.7 12.0 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.9 177.6 185.1 183.2 ================================================================================ WASDE - 572 - 34 December 2017 U.S. Dairy Prices ================================================================================ Commod- 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. ity Nov Dec Nov Dec ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6454 1.6050 1.630-1.640 1.630-1.640 1.625-1.715 1.620-1.700 Butter 2.0670 2.0777 2.325-2.355 2.315-2.345 2.285-2.405 2.270-2.380 Nonfat Dry Milk 0.9016 0.8292 0.860-0.880 0.855-0.875 0.770-0.840 0.745-0.805 Dry Whey 0.3804 0.2875 0.440-0.450 0.440-0.450 0.325-0.355 0.310-0.340 Milk Prices 2/ Dollars Per Cwt ClassIII 15.80 14.87 16.15-16.25 16.15-16.25 15.50-16.40 15.30-16.10 Class IV 14.35 13.77 15.10-15.30 15.05-15.25 14.15-15.15 13.90-14.80 All Milk 3/ 17.13 16.30 17.65-17.75 17.60-17.70 16.90-17.80 16.65-17.45 ================================================================================ WASDE - 572 - 35 December 2017 Reliability of December 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 0.8 1.4 3.8 0.4 10.2 27 9 U.S. 0.4 0.7 0.2 0.0 1.2 17 13 Foreign 0.9 1.6 3.8 0.3 10.3 27 9 Exports World 5.3 9.0 5.5 0.1 18.3 30 6 U.S. 5.8 9.8 1.6 0.2 3.9 20 16 Foreign 6.6 11.1 5.4 0.5 17.9 32 4 Domestic Use World 1.3 2.1 5.5 0.1 16.7 20 16 U.S. 6.0 10.2 1.6 0.1 3.6 10 26 Foreign 1.3 2.2 5.6 0.1 16.1 24 12 Ending Stocks World 5.6 9.5 6.8 0.9 19.4 26 10 U.S. 10.6 18.0 1.7 0.1 7.0 24 12 Foreign 5.8 9.8 5.6 0.4 19.3 25 11 COARSE GRAINS 2/ Production World 1.4 2.4 11.6 0.0 36.0 26 10 U.S. 1.3 2.2 2.4 0.0 7.5 18 18 Foreign 2.0 3.4 11.7 0.3 37.5 25 11 Exports World 6.9 11.7 6.6 0.1 33.3 27 9 U.S. 15.4 26.1 5.3 0.1 12.8 16 20 Foreign 12.0 20.3 6.6 0.0 27.1 24 11 Domestic Use World 1.3 2.1 9.7 0.3 36.5 21 15 U.S. 3.6 6.2 4.9 0.1 17.9 17 19 Foreign 1.5 2.5 9.0 0.3 36.9 23 13 Ending Stocks World 9.8 16.6 12.3 1.0 30.3 29 7 U.S. 19.3 32.7 7.4 0.7 23.9 19 17 Foreign 12.9 22.0 10.5 0.1 31.8 29 7 RICE, milled Production World 2.0 3.3 5.5 0.0 16.2 29 7 U.S. 2.9 5.0 0.1 0.0 0.5 18 14 Foreign 2.0 3.4 5.5 0.1 16.2 30 6 Exports World 9.4 15.9 1.7 0.1 6.1 28 8 U.S. 7.6 12.9 0.2 0.0 0.6 19 15 Foreign 10.6 17.9 1.7 0.0 6.0 26 10 Domestic Use World 1.6 2.7 3.9 0.0 15.9 25 11 U.S. 7.6 12.9 0.2 0.0 0.6 17 19 Foreign 1.6 2.7 3.8 0.0 16.1 25 11 Ending Stocks World 10.8 18.3 5.3 0.1 27.9 29 7 U.S. 21.8 37.0 0.2 0.0 0.8 20 16 Foreign 11.1 18.8 5.3 0.2 27.7 29 7 ================================================================================ WASDE - 572 - 36 December 2017 Reliability of December 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 3.8 6.5 5.4 0.1 23.8 21 15 U.S. 2.0 3.4 1.1 0.1 2.7 15 21 Foreign 6.4 10.8 5.5 0.1 25.1 18 18 Exports World 7.0 11.8 3.1 0.1 13.1 22 14 U.S. 9.3 15.7 2.1 0.1 6.4 22 14 Foreign 17.9 30.4 2.8 0.0 11.4 18 18 Domestic Use World 2.8 4.7 3.8 0.0 13.2 20 16 U.S. 3.5 6.0 1.2 0.0 3.6 23 13 Foreign 3.3 5.7 3.4 0.2 11.9 21 15 Ending Stocks World 15.8 26.8 4.4 0.1 18.5 21 15 U.S. 45.4 77.1 2.2 0.2 7.3 10 26 Foreign 17.4 29.6 4.0 0.1 18.3 22 14 COTTON Production World 3.2 5.4 2.4 0.0 7.2 20 15 U.S. 2.0 3.5 0.2 0.0 0.8 18 17 Foreign 3.8 6.4 2.3 0.0 7.1 19 16 Exports World 7.1 12.1 1.9 0.1 9.0 22 14 U.S. 14.1 23.9 0.9 0.0 3.0 23 13 Foreign 9.2 15.6 1.4 0.0 8.3 19 16 Domestic Use World 2.8 4.8 2.1 0.1 8.2 18 18 U.S. 6.1 10.4 0.3 0.0 1.0 19 16 Foreign 2.9 4.9 2.0 0.1 7.9 20 16 Ending Stocks World 11.2 19.1 4.2 0.5 12.0 21 15 U.S. 28.1 47.7 1.0 0.1 3.2 10 26 Foreign 11.9 20.2 4.0 0.1 12.1 25 11 ================================================================================ WASDE - 572 - 37 December 2017 Reliability of United States December Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 1.3 2.3 88 0 250 18 17 Exports 16.0 27.1 186 9 467 16 20 Domestic Use 3.9 6.6 187 14 574 21 15 Ending Stocks 22.1 37.6 287 16 986 19 17 SORGHUM Production 4.2 7.2 15 1 53 18 18 Exports 17.3 29.4 28 0 123 24 11 Domestic Use 18.8 31.9 36 0 127 15 20 Ending Stocks 45.8 77.7 25 1 104 13 23 BARLEY Production 1.5 2.6 4 0 24 15 10 Exports 30.8 52.3 9 0 37 13 21 Domestic Use 6.6 11.1 16 0 70 13 22 Ending Stocks 12.3 20.9 13 0 39 25 9 OATS Production 1.1 1.9 2 0 18 7 9 Exports 73.9 125.5 1 0 7 9 10 Domestic Use 4.8 8.1 12 1 39 15 21 Ending Stocks 20.4 34.6 14 1 52 23 13 Thousand Short Tons SOYBEAN MEAL Production 3.4 5.8 1002 152 2578 22 14 Exports 11.1 18.9 689 100 2850 21 15 Domestic Use 3.3 5.6 704 50 2293 18 18 Ending Stocks 34.1 57.9 59 0 214 15 19 Million Pounds SOYBEAN OIL Production 3.5 5.9 445 43 1530 24 12 Exports 27.0 45.8 318 0 1325 19 15 Domestic Use 3.8 6.4 449 25 1761 22 14 Ending Stocks 21.8 37.0 298 1 1051 22 14 ANIMAL PROD. 3/ Million Pounds Beef 3.6 6.1 723 9 2311 26 9 Pork 3.3 5.6 426 20 1592 21 14 Broilers 1.8 3.0 391 1 1346 21 14 Turkeys 3.0 5.1 121 2 407 21 14 Million Dozen Eggs 1.9 3.3 105 3 515 24 11 Billion Pounds Milk 1.6 2.6 1.8 0.0 6.1 18 13 ================================================================================