WASDE - 651 - 8 August 2024 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2022/23 2756.78 3555.04 496.62 2769.80 785.24 2023/24 (Est.) 2808.57 3593.81 519.29 2817.10 776.72 2024/25 (Proj.) Jul 2836.74 3612.86 499.24 2839.13 773.73 Aug 2830.28 3607.00 499.38 2837.05 769.95 Wheat 2022/23 789.01 1062.03 221.76 790.59 271.44 2023/24 (Est.) 789.67 1061.11 220.80 798.75 262.36 2024/25 (Proj.) Jul 796.19 1057.18 212.89 799.94 257.24 Aug 798.28 1060.64 214.86 804.02 256.62 Coarse Grains 5/ 2022/23 1451.74 1793.30 220.23 1459.22 334.08 2023/24 (Est.) 1498.48 1832.57 243.96 1494.90 337.67 2024/25 (Proj.) Jul 1512.38 1850.32 231.78 1511.92 338.40 Aug 1504.29 1841.96 230.11 1506.07 335.89 Rice, milled 2022/23 516.03 699.71 54.64 519.99 179.72 2023/24 (Est.) 520.42 700.14 54.54 523.45 176.69 2024/25 (Proj.) Jul 528.17 705.36 54.58 527.27 178.09 Aug 527.71 704.40 54.42 526.96 177.43 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 459.13 520.59 85.60 364.36 70.62 2024/25 (Proj.) Jul 459.22 536.88 88.50 367.27 81.11 Aug 457.32 534.76 89.14 366.26 79.37 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.31 68.58 19.24 30.23 19.11 2024/25 (Proj.) Jul 54.66 76.62 22.45 30.86 23.31 Aug 53.93 75.90 22.45 30.92 22.53 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.89 442.71 63.27 329.15 50.30 2024/25 (Proj.) Jul 397.52 450.51 62.84 331.33 56.34 Aug 396.38 449.19 63.48 330.26 55.46 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.93 9.30 3.10 4.99 1.22 2024/25 (Proj.) Jul 7.04 9.75 3.21 5.08 1.46 Aug 7.01 9.67 3.21 5.08 1.39 ================================================================================ WASDE - 651 - 9 August 2024 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2022/23 2350.36 3083.70 428.77 2419.90 731.65 2023/24 (Est.) 2349.44 3073.23 433.69 2452.74 706.10 2024/25 (Proj.) Jul 2377.52 3075.97 410.74 2471.86 692.61 Aug 2372.96 3072.24 410.25 2470.79 690.58 Wheat 2022/23 744.12 995.47 201.03 760.26 255.94 2023/24 (Est.) 740.36 992.54 201.56 768.52 243.25 2024/25 (Proj.) Jul 741.53 980.55 190.44 769.08 233.93 Aug 744.35 984.74 192.40 773.10 234.10 Coarse Grains 5/ 2022/23 1095.29 1396.13 175.16 1144.25 296.95 2023/24 (Est.) 1095.60 1389.85 180.69 1165.75 287.37 2024/25 (Proj.) Jul 1114.86 1399.81 168.94 1180.59 282.06 Aug 1107.91 1392.77 166.64 1175.81 280.44 Rice, milled 2022/23 510.95 692.10 52.58 515.40 178.76 2023/24 (Est.) 513.49 690.84 51.45 518.46 175.47 2024/25 (Proj.) Jul 521.13 695.61 51.37 522.19 176.63 Aug 520.70 694.73 51.21 521.88 176.05 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2022/23 116.46 186.62 37.09 112.64 75.27 2023/24 (Est.) 113.58 188.85 44.73 112.35 75.78 2024/25 (Proj.) Jul 120.19 199.50 44.59 117.19 82.63 Aug 117.64 193.41 43.54 116.21 77.61 United States 2022/23 14.47 18.52 12.77 2.05 4.25 2023/24 (Est.) 12.07 16.32 11.75 1.85 3.15 2024/25 (Proj.) Jul 17.00 20.06 13.00 1.90 5.30 Aug 15.11 18.27 12.00 1.90 4.50 Foreign 4/ 2022/23 102.00 168.10 24.33 110.59 71.02 2023/24 (Est.) 101.51 172.53 32.98 110.50 72.63 2024/25 (Proj.) Jul 103.19 179.44 31.59 115.29 77.33 Aug 102.53 175.15 31.54 114.31 73.11 ================================================================================ WASDE - 651 - 10 August 2024 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2022/23 637.94 749.67 201.37 525.66 119.19 2023/24 (Est.) 657.49 776.68 204.12 544.22 129.22 2024/25 (Proj.) Jul 686.09 814.39 206.59 559.76 144.28 Aug 690.54 819.76 207.64 558.89 150.63 Oilmeals 2022/23 357.60 377.56 97.65 355.61 17.22 2023/24 (Est.) 371.04 388.25 105.11 365.72 17.87 2024/25 (Proj.) Jul 383.63 401.34 106.89 377.10 19.55 Aug 383.59 401.47 106.64 377.17 19.82 Vegetable Oils 2022/23 218.33 248.31 88.92 211.20 31.89 2023/24 (Est.) 223.88 255.77 87.22 218.72 32.39 2024/25 (Proj.) Jul 228.05 260.24 88.04 224.91 30.37 Aug 227.10 259.49 87.30 224.38 30.06 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.24 132.18 47.51 66.40 10.91 2024/25 (Proj.) Jul 131.46 143.50 50.92 70.46 13.70 Aug 135.00 146.90 51.52 70.37 16.74 Oilmeals 2022/23 49.94 54.60 13.39 40.79 0.41 2023/24 (Est.) 51.38 56.04 14.72 40.88 0.44 2024/25 (Proj.) Jul 54.32 59.05 16.08 42.48 0.50 Aug 54.28 59.01 16.08 42.43 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.56 21.57 0.45 20.00 1.12 2024/25 (Proj.) Jul 14.33 22.63 0.44 20.98 1.21 Aug 14.32 22.62 0.44 20.97 1.21 Foreign 3/ Oilseeds 2022/23 512.18 613.25 146.59 461.50 110.34 2023/24 (Est.) 535.25 644.49 156.61 477.81 118.31 2024/25 (Proj.) Jul 554.63 670.89 155.66 489.30 130.58 Aug 555.54 672.86 156.12 488.52 133.89 Oilmeals 2022/23 307.67 322.96 84.25 314.82 16.80 2023/24 (Est.) 319.65 332.21 90.39 324.84 17.43 2024/25 (Proj.) Jul 329.31 342.29 90.81 334.63 19.06 Aug 329.31 342.46 90.56 334.74 19.33 Vegetable Oils 2022/23 205.15 227.57 88.58 191.92 30.76 2023/24 (Est.) 210.33 234.20 86.77 198.72 31.27 2024/25 (Proj.) Jul 213.72 237.61 87.60 203.93 29.16 Aug 212.78 236.87 86.86 203.41 28.85 ================================================================================ WASDE - 651 - 11 August 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Acres Area Planted 45.8 49.6 47.2 46.3 Area Harvested 35.5 37.3 38.8 37.9 Bushels Yield per Harvested Acre 46.5 48.6 51.8 52.2 Million Bushels Beginning Stocks 674 570 702 702 Production 1650 1812 2008 1982 Imports 122 138 105 105 Supply, Total 2446 2520 2815 2789 Food 972 961 962 964 Seed 68 64 62 62 Feed and Residual 74 86 110 110 Domestic, Total 1114 1111 1134 1136 Exports 762 707 825 825 Use, Total 1876 1818 1959 1961 Ending Stocks 570 702 856 828 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 5.70 5.70 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 18 63 6 6 45 138 Supply, Total 3/ 842 686 545 315 132 2520 Food 384 253 158 84 83 961 Seed 27 16 12 6 3 64 Feed and Residual 17 -8 91 -12 -2 86 Domestic Use 428 261 261 78 84 1111 Exports 134 235 158 152 27 707 Use, Total 562 496 419 230 111 1818 Ending Stocks, Total 280 190 126 85 21 702 2024/25 (Proj.) Beginning Stocks 280 190 126 85 21 702 Production 776 499 342 288 77 1982 Imports 5 50 5 5 40 105 Supply, Total 3/ 1061 739 473 378 138 2789 Food 383 258 155 85 83 964 Seed 26 16 13 6 3 62 Feed and Residual 40 5 60 5 0 110 Domestic Use 449 279 228 96 86 1136 Exports 240 255 110 190 30 825 Use, Total 689 534 338 286 116 1961 Ending Stocks, Total Aug 372 206 136 92 22 828 Jul 360 230 136 94 36 856 ================================================================================ WASDE - 651 - 12 August 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 102.7* 101.8 Area Harvested 86.6 96.0 91.7* 90.8 Metric Tons Yield per Harvested Acre 4.11 4.19 4.33 4.36 Million Metric Tons Beginning Stocks 37.5 37.1 50.5 50.3 Production 356.1 402.6 397.2 396.0 Imports 2.9 2.3 2.2 2.2 Supply, Total 396.5 442.1 449.9 448.6 Feed and Residual 142.2 150.3 151.7 151.5 Food, Seed & Industrial 172.1 178.2 179.1 178.2 Domestic, Total 314.4 328.5 330.7 329.7 Exports 45.1 63.3 62.8 63.5 Use, Total 359.4 391.8 393.6 393.1 Ending Stocks 37.1 50.3 56.3 55.4 Million Acres CORN Area Planted 88.2 94.6 91.5* 90.7 Area Harvested 78.7 86.5 83.4* 82.7 Bushels Yield per Harvested Acre 173.4 177.3 181.0* 183.1 Million Bushels Beginning Stocks 1377 1360 1877 1867 Production 13651 15342 15100 15147 Imports 39 30 25 25 Supply, Total 15066 16732 17002 17038 Feed and Residual 5485 5775 5825 5825 Food,Seed& Industrial 2/ 6558 6840 6855 6840 Ethanol & by-products 3/ 5176 5450 5450 5450 Domestic, Total 12044 12615 12680 12665 Exports 1662 2250 2225 2300 Use, Total 13706 14865 14905 14965 Ending Stocks 1360 1867 2097 2073 Avg.FarmPrice ($/bu) 4/ 6.54 4.65 4.30 4.20 ================================================================================ WASDE - 651 - 13 August 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.4* 6.3 AreaHarvested(mil.acres) 4.6 6.1 5.4* 5.3 Yield (bushels/acre) 41.1 52.0 69.2* 52.9 Beginning Stocks 47 24 22 25 Production 188 318 373 279 Imports 0 0 0 0 Supply, Total 235 342 395 304 Feed and Residual 42 60 70 60 Food, Seed & Industrial 59 22 45 25 Total Domestic 102 82 115 85 Exports 109 235 245 195 Use, Total 211 317 360 280 Ending Stocks 24 25 35 24 Avg.FarmPrice ($/bu) 2/ 6.38 4.90 4.30 4.20 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.6* 2.4 AreaHarvested(mil.acres) 2.4 2.6 2.0* 1.9 Yield (bushels/acre) 71.7 72.4 74.2* 79.1 Beginning Stocks 37 66 78 78 Production 174 185 150 149 Imports 23 13 14 14 Supply, Total 235 264 241 241 Feed and Residual 35 56 45 45 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 181 165 165 Exports 2 5 3 3 Use, Total 169 186 168 168 Ending Stocks 66 78 73 73 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.30 6.30 OATS AreaPlanted (mil. acres) 2.6 2.6 2.3* 2.3 AreaHarvested(mil.acres) 0.9 0.8 0.9* 0.9 Yield (bushels/acre) 65.5 68.6 70.9* 75.1 Beginning Stocks 33 35 36 36 Production 58 57 62 68 Imports 84 74 75 75 Supply, Total 174 166 173 179 Feed and Residual 57 47 50 55 Food, Seed & Industrial 81 81 82 82 Total Domestic 137 128 132 137 Exports 2 2 2 2 Use, Total 139 130 134 139 Ending Stocks 35 36 39 40 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.60 3.60 ================================================================================ WASDE - 651 - 14 August 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 2.94* 2.94 Area Harvested 2.17 2.85 2.90* 2.90 Pounds Yield per Harvested Acre 7385 7649 7645* 7623 Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.8 38.3 Production 160.0 218.3 221.7 220.8 Imports 39.9 44.3 45.5 45.5 Supply, Total 239.7 292.8 307.0 304.6 Domestic & Residual 3/ 144.8 157.0 160.0 160.0 Exports, Total 4/ 64.6 97.5 101.0 101.0 Rough 18.5 42.0 45.0 45.0 Milled (rough equiv.) 46.2 55.5 56.0 56.0 Use, Total 209.4 254.5 261.0 261.0 Ending Stocks 30.3 38.3 46.0 43.6 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.70 15.60 15.60 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 Yield (pounds/acre) 7225 7524 Beginning Stocks 24.6 21.2 17.0 17.0 Imports 31.9 37.0 38.0 38.0 Production 128.5 153.9 168.0 167.2 Supply, Total 7/ 185.0 212.0 223.0 222.2 Domestic & Residual 3/ 113.6 120.0 123.0 123.0 Exports 8/ 50.2 75.0 76.0 76.0 Use, Total 163.8 195.0 199.0 199.0 Ending Stocks 21.2 17.0 24.0 23.2 Avg.FarmPrice($/cwt) 6/ 16.70 16.00 14.50 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 20.5 19.0 Imports 8.0 7.3 7.5 7.5 Production 31.6 64.4 53.7 53.6 Supply, Total 7/ 52.4 78.5 81.7 80.1 Domestic & Residual 3/ 31.1 37.0 37.0 37.0 Exports 8/ 14.4 22.5 25.0 25.0 Use, Total 45.6 59.5 62.0 62.0 Ending Stocks 6.8 19.0 19.7 18.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 24.30 19.80 19.60 California 10/ 40.90 28.00 22.00 22.00 Other States 1/ 18.20 17.60 15.00 14.50 ================================================================================ WASDE - 651 - 15 August 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 86.1* 87.1 Area Harvested 86.2 82.4 85.3* 86.3 Bushels Yield per Harvested Acre 49.6 50.6 52.0* 53.2 Million Bushels Beginning Stocks 274 264 345 345 Production 4270 4165 4435 4589 Imports 25 20 15 15 Supply, Total 4569 4449 4795 4949 Crushings 2212 2290 2425 2425 Exports 1980 1700 1825 1850 Seed 75 78 78 78 Residual 39 36 32 36 Use, Total 4305 4104 4360 4389 Ending Stocks 264 345 435 560 Avg.FarmPrice ($/bu) 2/ 14.20 12.50 11.10 10.80 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1612 1612 Production 4/ 26227 26955 28515 28515 Imports 376 600 450 450 Supply, Total 28594 29162 30577 30577 Domestic Disappearance 26609 26900 28200 28200 Biofuel 3/ 12491 12900 14000 14000 Food, Feed & other Industrial 14118 14000 14200 14200 Exports 378 650 600 600 Use, Total 26987 27550 28800 28800 Ending stocks 1607 1612 1777 1777 Avg. Price (c/lb) 2/ 65.26 48.00 42.00 42.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 400 400 Production 4/ 52493 54004 57075 57075 Imports 634 650 600 600 Supply, Total 53438 55025 58075 58075 Domestic Disappearance 38521 38625 40125 40125 Exports 14547 16000 17500 17500 Use, Total 53067 54625 57625 57625 Ending Stocks 371 400 450 450 Avg. Price ($/s.t.) 2/ 451.91 390.00 330.00 320.00 ================================================================================ WASDE - 651 - 16 August 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 1986 2043 Production 2/ 9250 9171 9325 9514 Beet Sugar 5187 5118 5236 5363 Cane Sugar 4063 4053 4089 4151 Florida 1985 2077 2004 2066 Louisiana 2001 1936 2085 2085 Texas 76 40 0 0 Imports 3614 3689 2939 2933 TRQ 3/ 1862 1798 1647 1644 Other Program 4/ 141 288 200 200 Non-program 1611 1603 1092 1089 Mexico 1156 515 790 790 High-tier tariff/other 455 1088 302 299 Total Supply 14685 14702 14250 14490 Exports 82 241 100 100 Deliveries 12589 12418 12455 12405 Food 12473 12300 12350 12300 Other 5/ 116 118 105 105 Miscellaneous 171 0 0 0 Total Use 12843 12659 12555 12505 Ending Stocks 1843 2043 1695 1985 Stocks to Use Ratio 14.3 16.1 13.5 15.9 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Jul 835 4708 747 4630 432 1228 Aug 835 4704 797 4540 441 1355 2024/25 Proj. Jul 1228 5094 25 4661 708 978 Aug 1355 5094 25 4653 845 977 ================================================================================ WASDE - 651 - 17 August 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Jul Aug ================================================================================ Million Acres Planted 13.75 10.23 11.67** 11.17 Harvested 7.29 6.44 9.67** 8.63 Pounds Yield per Harvested Acre 953 899 844** 840 Million 480 Pound Bales Beginning Stocks 4.05 4.25 3.05 3.15 Production 14.47 12.07 17.00 15.11 Imports 0.00 0.01 0.01 0.01 Supply, Total 18.52 16.32 20.06 18.27 Domestic Use 2.05 1.85 1.90 1.90 Exports, Total 12.77 11.75 13.00 12.00 Use, Total 14.82 13.60 14.90 13.90 Unaccounted 2/ -0.55 -0.43 -0.15 -0.14 Ending Stocks 4.25 3.15 5.30 4.50 Avg. Farm Price 3/ 84.8 76.0 68.0 66.0 ================================================================================ WASDE - 651 - 18 August 2024 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 273.02 789.01 212.99 153.85 790.59 221.76 271.44 World Less China 136.26 651.29 199.71 120.85 642.59 220.81 132.62 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 254.66 744.12 209.69 151.82 760.26 201.03 255.94 Major Exporters 4/ 41.03 335.22 13.30 75.06 182.10 162.28 45.18 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 18.00 41.00 49.00 14.39 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 172.98 206.11 133.96 50.69 320.31 15.13 177.60 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.24 29.68 1.67 46.72 0.77 12.15 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26 Southeast Asia 9/ 4.64 0.00 24.47 7.55 24.55 1.28 3.28 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 4.00 1.80 6.80 10.87 4.22 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. World 3/ 271.44 789.67 220.37 158.94 798.75 220.80 262.36 World Less China 132.62 653.08 206.73 121.94 645.25 219.76 127.86 United States 15.50 49.31 3.76 2.33 30.23 19.24 19.11 Total Foreign 255.94 740.36 216.61 156.62 768.53 201.56 243.25 Major Exporters 4/ 45.18 323.17 14.13 73.75 181.55 164.60 36.33 Argentina 3.97 15.85 0.00 0.25 7.05 8.20 4.57 Australia 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Canada 3.51 31.95 0.56 4.00 9.20 25.00 1.83 European Union 5/ 16.04 134.87 13.00 46.50 111.00 37.50 15.40 Russia 14.39 91.50 0.30 17.50 40.50 55.50 10.19 Ukraine 2.90 23.00 0.07 2.00 6.80 18.40 0.77 Major Importers 6/ 177.60 208.72 136.76 55.33 328.86 19.65 174.57 Bangladesh 0.83 1.10 6.50 0.25 7.35 0.00 1.08 Brazil 1.80 8.10 6.00 0.60 12.00 2.83 1.07 China 138.82 136.59 13.64 37.00 153.50 1.04 134.50 Japan 1.14 1.14 5.35 0.65 6.15 0.31 1.17 N. Africa 7/ 12.15 16.37 30.75 1.63 46.73 1.95 10.60 Nigeria 0.36 0.12 5.00 0.00 4.70 0.35 0.43 Sel. Mideast 8/ 12.26 20.77 20.17 3.13 39.71 0.69 12.81 Southeast Asia 9/ 3.28 0.00 29.73 9.05 26.75 1.15 5.11 Selected Other India 9.50 110.55 0.14 6.75 112.36 0.34 7.50 Kazakhstan 4.22 12.11 2.50 2.50 7.50 8.50 2.83 United Kingdom 2.50 13.98 3.00 7.10 15.30 0.55 3.63 ================================================================================ WASDE - 651 - 19 August 2024 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jul 260.99 796.19 206.70 148.41 799.94 212.89 257.24 Aug 262.36 798.28 208.40 151.16 804.02 214.86 256.62 World Less China Jul 126.58 656.19 194.70 115.41 648.94 211.99 122.73 Aug 127.86 658.28 196.40 118.16 653.02 213.86 122.12 United States Jul 19.11 54.66 2.86 2.99 30.86 22.45 23.31 Aug 19.11 53.93 2.86 2.99 30.92 22.45 22.53 Total Foreign Jul 241.88 741.53 203.85 145.42 769.08 190.44 233.93 Aug 243.25 744.35 205.54 148.17 773.10 192.40 234.10 Major Exporters 4/ Jul 35.67 314.50 11.14 70.25 178.05 154.00 29.26 Aug 36.33 315.60 12.14 72.25 179.75 155.50 28.82 Argentina Jul 4.29 18.00 0.01 0.25 7.05 11.50 3.75 Aug 4.57 18.00 0.01 0.25 7.05 11.50 4.03 Australia Jul 3.57 29.00 0.20 3.50 7.00 22.00 3.77 Aug 3.57 30.00 0.20 3.50 7.00 23.00 3.77 Canada Jul 1.85 35.00 0.55 4.00 9.30 25.00 3.10 Aug 1.83 35.00 0.55 4.00 9.30 25.00 3.08 European Union 5/ Jul 14.69 130.00 10.00 44.50 109.25 34.50 10.94 Aug 15.40 128.00 11.00 46.00 110.25 34.00 10.15 Russia Jul 10.19 83.00 0.30 16.00 38.75 48.00 6.74 Aug 10.19 83.00 0.30 16.00 38.75 48.00 6.74 Ukraine Jul 1.08 19.50 0.08 2.00 6.70 13.00 0.96 Aug 0.77 21.60 0.08 2.50 7.40 14.00 1.05 Major Importers 6/ Jul 173.89 211.88 130.22 50.23 326.45 17.61 171.93 Aug 174.57 211.88 130.77 50.23 327.27 17.91 172.04 Bangladesh Jul 1.08 1.10 6.50 0.25 7.65 0.00 1.03 Aug 1.08 1.10 6.50 0.25 7.65 0.00 1.03 Brazil Jul 1.07 9.50 5.50 0.50 11.90 3.00 1.17 Aug 1.07 9.50 5.50 0.50 11.90 3.00 1.17 China Jul 134.41 140.00 12.00 33.00 151.00 0.90 134.51 Aug 134.50 140.00 12.00 33.00 151.00 1.00 134.50 Japan Jul 1.13 1.16 5.30 0.65 6.10 0.30 1.19 Aug 1.17 1.16 5.30 0.65 6.10 0.30 1.23 N. Africa 7/ Jul 10.80 16.05 31.40 1.65 46.70 1.40 10.15 Aug 10.60 16.05 31.90 1.45 46.80 1.60 10.15 Nigeria Jul 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Aug 0.43 0.12 5.20 0.00 4.90 0.38 0.47 Sel. Mideast 8/ Jul 12.52 22.09 19.32 3.13 40.56 0.81 12.56 Aug 12.81 22.09 18.62 3.13 40.40 0.81 12.31 Southeast Asia 9/ Jul 4.84 0.00 27.40 8.05 26.05 1.14 5.06 Aug 5.11 0.00 27.75 8.25 26.53 1.14 5.20 India Jul 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Aug 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Kazakhstan Jul 2.63 14.50 2.00 1.50 6.45 10.50 2.18 Aug 2.83 16.00 1.00 2.00 7.00 10.50 2.33 United Kingdom Jul 3.43 10.85 3.00 6.00 14.00 0.50 2.78 Aug 3.63 10.85 3.20 6.00 14.00 0.50 3.18 ================================================================================ WASDE - 651 - 20 August 2024 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 341.56 1451.74 213.06 894.46 1459.22 220.23 334.08 World Less China 131.54 1166.04 180.44 664.21 1137.65 220.22 127.32 United States 37.48 356.45 3.24 142.36 314.97 45.06 37.14 Total Foreign 304.08 1095.29 209.81 752.11 1144.25 175.16 296.95 Major Exporters 4/ 30.42 331.35 4.57 139.12 191.19 145.86 29.29 Argentina 5.58 42.91 0.02 11.70 17.63 28.75 2.14 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92 Brazil 4.54 143.48 1.98 67.35 84.99 54.28 10.72 Canada 3.71 30.54 2.18 17.15 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.08 29.92 3.79 Major Importers 5/ 38.50 229.27 135.95 273.05 354.09 13.00 36.62 European Union 6/ 18.81 133.06 25.49 111.88 150.07 11.10 16.17 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.94 33.88 20.27 32.88 52.75 0.05 5.30 N. Afr & Mideast 7/ 6.76 31.12 32.85 54.91 62.69 1.05 6.99 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. World 3/ 334.08 1498.48 231.58 918.93 1494.90 243.96 337.67 World Less China 127.32 1201.34 186.13 675.08 1158.55 243.93 124.69 United States 37.14 402.89 2.69 150.48 329.15 63.27 50.30 Total Foreign 296.95 1095.60 228.89 768.44 1165.75 180.69 287.37 Major Exporters 4/ 29.29 325.41 5.52 138.43 190.64 152.11 17.47 Argentina 2.14 58.33 0.02 12.26 18.52 39.50 2.46 Australia 3.92 14.54 0.00 5.71 7.59 9.21 1.66 Brazil 10.72 128.54 1.88 68.93 86.51 50.14 4.50 Canada 3.72 27.16 3.11 17.45 25.24 5.83 2.92 Russia 2.32 42.54 0.10 21.34 30.39 12.86 1.71 Ukraine 3.79 39.78 0.02 6.17 8.67 32.05 2.86 Major Importers 5/ 36.62 228.86 140.29 274.46 356.86 14.67 34.25 European Union 6/ 16.17 136.41 21.67 109.49 148.15 11.47 14.63 Japan 1.45 0.25 16.97 13.29 17.19 0.00 1.48 Mexico 5.30 27.82 23.35 33.21 53.18 0.03 3.25 N. Afr & Mideast 7/ 6.99 33.32 37.03 58.69 67.03 2.60 7.72 Saudi Arabia 1.40 0.24 6.01 5.92 6.26 0.00 1.39 Southeast Asia 8/ 2.86 30.56 19.17 40.30 48.75 0.56 3.27 South Korea 1.91 0.16 11.42 9.05 11.54 0.00 1.96 Selected Other China 206.77 297.14 45.45 243.85 336.35 0.03 212.98 ================================================================================ WASDE - 651 - 21 August 2024 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jul 337.94 1512.38 226.36 936.58 1511.92 231.78 338.40 Aug 337.67 1504.29 224.37 933.33 1506.07 230.11 335.89 World Less China Jul 124.96 1212.08 185.11 688.33 1171.27 231.75 124.54 Aug 124.69 1203.99 184.42 686.38 1166.72 230.09 122.03 United States Jul 50.48 397.52 2.51 151.79 331.33 62.84 56.34 Aug 50.30 396.38 2.51 151.61 330.26 63.48 55.46 Total Foreign Jul 287.47 1114.86 223.85 784.79 1180.59 168.94 282.06 Aug 287.37 1107.91 221.86 781.72 1175.81 166.64 280.44 Major Exporters 4/ Jul 17.56 325.97 5.08 139.18 191.28 142.27 15.07 Aug 17.47 323.99 5.08 138.45 190.12 141.49 14.93 Argentina Jul 2.46 59.49 0.01 12.43 18.84 40.40 2.71 Aug 2.46 59.49 0.01 12.43 18.84 40.40 2.71 Australia Jul 1.86 15.37 0.00 5.44 7.31 8.16 1.76 Aug 1.66 15.37 0.00 5.34 7.21 8.21 1.61 Brazil Jul 4.50 133.76 2.02 70.05 87.64 49.09 3.55 Aug 4.50 133.76 2.02 70.05 87.64 49.09 3.55 Canada Jul 2.95 27.12 2.79 16.70 24.50 5.63 2.73 Aug 2.92 27.12 2.79 16.70 24.50 5.63 2.70 Russia Jul 1.71 39.23 0.10 21.86 30.83 9.00 1.21 Aug 1.71 37.40 0.10 21.08 29.55 8.48 1.19 Ukraine Jul 2.74 33.47 0.02 5.65 8.07 26.77 1.39 Aug 2.86 33.32 0.02 5.81 8.29 26.47 1.45 Major Importers 5/ Jul 33.59 240.78 139.42 284.67 368.45 12.58 32.76 Aug 34.25 235.74 138.69 282.17 365.06 11.71 31.93 European Union 6/ Jul 14.34 145.69 19.49 113.39 153.28 11.27 14.97 Aug 14.63 140.65 19.57 111.69 150.68 10.40 13.77 Japan Jul 1.48 0.26 16.91 13.45 17.19 0.00 1.46 Aug 1.48 0.26 16.91 13.45 17.19 0.00 1.46 Mexico Jul 2.95 30.36 22.78 33.20 53.20 0.03 2.85 Aug 3.25 30.36 22.78 33.20 53.20 0.03 3.15 N. Afr & Mideast 7/ Jul 7.67 32.45 36.76 61.46 69.68 0.72 6.49 Aug 7.72 32.45 36.16 60.86 69.08 0.72 6.54 Saudi Arabia Jul 1.39 0.24 7.61 7.52 7.86 0.00 1.38 Aug 1.39 0.24 7.61 7.52 7.86 0.00 1.38 Southeast Asia 8/ Jul 3.26 31.51 19.21 41.50 50.35 0.56 3.05 Aug 3.27 31.51 19.01 41.30 50.15 0.56 3.07 South Korea Jul 1.96 0.16 11.90 9.53 12.02 0.00 2.00 Aug 1.96 0.16 11.90 9.53 12.02 0.00 2.00 China Jul 212.98 300.30 41.25 248.25 340.65 0.03 213.86 Aug 212.98 300.30 39.95 246.95 339.35 0.03 213.86 ================================================================================ WASDE - 651 - 22 August 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 313.74 1159.74 173.39 734.60 1170.66 180.24 302.82 World Less China 104.60 882.54 154.68 516.60 871.66 180.23 96.78 United States 34.98 346.74 0.98 139.34 305.93 42.22 34.55 Total Foreign 278.76 813.00 172.41 595.26 864.73 138.02 268.27 Major Exporters 4/ 19.40 232.93 1.45 91.01 120.34 115.97 17.47 Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.61 13.24 3.44 2.41 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.60 118.45 95.26 157.35 211.55 5.05 20.72 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.33 23.19 55.60 74.80 4.20 8.03 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.18 28.08 19.39 27.50 46.00 0.05 4.59 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 302.82 1223.81 188.29 765.00 1218.11 200.59 308.52 World Less China 96.78 934.96 165.29 540.00 911.11 200.57 97.66 United States 34.55 389.69 0.76 146.69 320.44 57.15 47.42 Total Foreign 268.27 834.11 187.52 618.31 897.67 143.44 261.10 Major Exporters 4/ 17.47 235.10 1.53 92.60 122.15 123.20 8.75 Argentina 1.32 50.00 0.02 10.40 14.80 35.00 1.54 Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84 Russia 0.91 16.60 0.05 9.50 10.60 6.20 0.76 South Africa 2.41 14.00 0.15 6.40 13.00 2.50 1.06 Ukraine 2.80 32.50 0.02 3.30 4.25 29.50 1.56 Major Importers 5/ 20.72 122.07 99.42 163.35 218.50 4.99 18.72 Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41 European Union 6/ 8.03 61.45 19.50 57.30 77.10 4.40 7.48 Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico 4.59 22.70 22.50 28.40 47.00 0.03 2.76 Southeast Asia 7/ 2.85 30.51 18.52 39.85 48.05 0.56 3.26 South Korea 1.90 0.09 11.30 9.00 11.35 0.00 1.94 Selected Other Canada 1.63 15.08 3.00 10.80 16.30 1.80 1.60 China 206.04 288.84 23.00 225.00 307.00 0.02 210.86 ================================================================================ WASDE - 651 - 23 August 2024 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jul 309.13 1224.79 186.51 774.75 1222.28 191.81 311.64 Aug 308.52 1219.82 185.85 772.80 1218.17 191.47 310.17 World Less China Jul 98.27 932.79 163.51 543.75 909.28 191.79 98.80 Aug 97.66 927.82 162.85 541.80 905.17 191.45 97.33 United States Jul 47.67 383.56 0.64 147.96 322.09 56.52 53.26 Aug 47.42 384.74 0.64 147.96 321.71 58.42 52.67 Total Foreign Jul 261.45 841.23 185.88 626.79 900.19 135.29 258.38 Aug 261.10 835.08 185.21 624.84 896.47 133.04 257.51 Major Exporters 4/ Jul 8.70 237.70 1.58 94.00 123.55 117.30 7.12 Aug 8.75 236.30 1.58 93.50 123.05 116.40 7.18 Argentina Jul 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Aug 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Brazil Jul 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Aug 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Russia Jul 0.76 15.00 0.05 9.70 10.80 4.60 0.41 Aug 0.76 14.10 0.05 9.20 10.30 4.20 0.41 South Africa Jul 1.05 17.00 0.00 6.90 13.40 3.20 1.45 Aug 1.06 17.00 0.00 6.90 13.40 3.20 1.46 Ukraine Jul 1.51 27.70 0.02 3.10 4.05 24.50 0.68 Aug 1.56 27.20 0.02 3.10 4.05 24.00 0.73 Major Importers 5/ Jul 18.51 128.27 98.40 166.40 222.50 4.59 18.08 Aug 18.72 124.77 98.00 164.10 219.60 4.09 17.79 Egypt Jul 1.41 7.60 8.00 13.10 15.60 0.00 1.41 Aug 1.41 7.60 7.80 12.90 15.40 0.00 1.41 European Union 6/ Jul 7.59 64.00 18.00 57.70 78.10 4.00 7.49 Aug 7.48 60.50 18.00 55.80 75.60 3.50 6.88 Japan Jul 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Aug 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Jul 2.46 25.00 22.00 28.40 47.10 0.03 2.33 Aug 2.76 25.00 22.00 28.40 47.10 0.03 2.63 Southeast Asia 7/ Jul 3.25 31.46 18.40 40.90 49.50 0.56 3.05 Aug 3.26 31.46 18.20 40.70 49.30 0.56 3.06 South Korea Jul 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Aug 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Canada Jul 1.60 14.50 2.70 10.00 15.50 1.70 1.60 Aug 1.60 14.50 2.70 10.00 15.50 1.70 1.60 China Jul 210.86 292.00 23.00 231.00 313.00 0.02 212.84 Aug 210.86 292.00 23.00 231.00 313.00 0.02 212.84 ================================================================================ WASDE - 651 - 24 August 2024 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2022/23 World 3/ 183.68 516.03 56.56 519.99 54.64 179.72 World Less China 70.68 370.08 52.18 365.00 52.90 73.12 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.42 510.95 55.30 515.40 52.58 178.76 Major Exporters 4/ 44.44 202.93 2.81 163.04 42.54 44.60 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.32 0.01 3.93 3.76 2.02 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.86 27.14 2.75 21.90 8.23 2.62 Major Importers 5/ 125.49 238.77 23.40 263.79 2.16 121.70 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.10 0.00 3.38 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.53 1.98 3.34 0.05 0.69 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.88 0.06 1.43 2023/24 Est. World 3/ 179.72 520.42 51.12 523.45 54.54 176.69 World Less China 73.12 375.80 49.59 375.33 52.91 73.69 United States 0.96 6.93 1.41 4.99 3.10 1.22 Total Foreign 178.76 513.49 49.71 518.46 51.45 175.47 Major Exporters 4/ 44.60 205.39 2.71 166.10 41.50 45.10 Burma 1.11 11.90 0.00 10.10 2.00 0.91 India 35.00 137.00 0.00 117.50 16.00 38.50 Pakistan 2.02 9.87 0.01 4.00 6.40 1.50 Thailand 3.85 20.00 0.10 12.50 8.80 2.65 Vietnam 2.62 26.63 2.60 22.00 8.30 1.55 Major Importers 5/ 121.70 237.02 19.60 258.37 2.02 117.94 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68 Indonesia 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria 2.18 5.36 1.80 7.50 0.00 1.83 Philippines 3.38 12.33 4.50 16.60 0.00 3.60 Sel. Mideast 7/ 1.27 2.02 4.70 6.55 0.00 1.44 Selected Other Brazil 0.62 7.23 1.10 7.10 1.00 0.84 C. Amer & Carib 8/ 0.69 1.51 1.72 3.13 0.04 0.76 Egypt 0.60 3.78 0.23 4.05 0.01 0.55 Japan 1.81 7.27 0.69 8.00 0.08 1.69 Mexico 0.09 0.15 0.85 0.98 0.01 0.10 South Korea 1.43 3.70 0.46 4.18 0.11 1.31 ================================================================================ WASDE - 651 - 25 August 2024 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2024/25 Proj. World 3/ Jul 177.19 528.17 50.82 527.27 54.58 178.09 Aug 176.69 527.71 50.86 526.96 54.42 177.43 World Less China Jul 74.19 382.17 49.32 382.27 53.08 74.09 Aug 73.69 381.71 49.36 381.96 52.92 73.43 United States Jul 1.27 7.04 1.45 5.08 3.21 1.46 Aug 1.22 7.01 1.45 5.08 3.21 1.39 Total Foreign Jul 175.92 521.13 49.37 522.19 51.37 176.63 Aug 175.47 520.70 49.42 521.88 51.21 176.05 Major Exporters 4/ Jul 45.58 207.20 3.06 169.00 40.70 46.13 Aug 45.10 206.70 3.06 168.90 40.60 45.36 Burma Jul 0.96 12.10 0.01 10.20 1.80 1.07 Aug 0.91 12.10 0.01 10.20 1.80 1.02 India Jul 38.50 138.00 0.00 120.00 18.00 38.50 Aug 38.50 138.00 0.00 120.00 18.00 38.50 Pakistan Jul 1.50 10.00 0.00 4.10 5.90 1.50 Aug 1.50 10.00 0.00 4.10 5.90 1.50 Thailand Jul 2.75 20.10 0.10 12.60 7.50 2.85 Aug 2.65 20.10 0.10 12.60 7.50 2.75 Vietnam Jul 1.87 27.00 2.95 22.10 7.50 2.22 Aug 1.55 26.50 2.95 22.00 7.40 1.60 Major Importers 5/ Jul 118.11 241.47 18.15 257.55 1.95 118.24 Aug 117.94 241.47 18.10 257.40 1.95 118.16 China Jul 103.00 146.00 1.50 145.00 1.50 104.00 Aug 103.00 146.00 1.50 145.00 1.50 104.00 European Union 6/ Jul 0.68 1.72 2.20 3.35 0.40 0.85 Aug 0.68 1.72 2.20 3.35 0.40 0.85 Indonesia Jul 5.22 34.00 1.50 36.50 0.00 4.22 Aug 5.22 34.00 1.50 36.50 0.00 4.22 Nigeria Jul 1.83 5.48 2.00 7.60 0.00 1.71 Aug 1.83 5.48 2.00 7.60 0.00 1.71 Philippines Jul 3.78 12.70 4.70 17.50 0.00 3.68 Aug 3.60 12.70 4.60 17.30 0.00 3.60 Sel. Mideast 7/ Jul 1.44 2.28 4.70 6.85 0.00 1.56 Aug 1.44 2.28 4.70 6.85 0.00 1.56 Brazil Jul 0.67 7.50 0.95 6.95 1.30 0.87 Aug 0.84 7.50 0.90 7.10 1.20 0.94 C. Amer & Carib 8/ Jul 0.76 1.55 1.86 3.36 0.03 0.77 Aug 0.76 1.55 1.86 3.36 0.04 0.77 Egypt Jul 0.63 3.60 0.40 4.15 0.01 0.47 Aug 0.55 3.60 0.40 4.08 0.01 0.47 Japan Jul 1.69 7.20 0.69 7.95 0.08 1.55 Aug 1.69 7.20 0.69 7.95 0.08 1.55 Mexico Jul 0.08 0.16 0.84 0.99 0.01 0.08 Aug 0.10 0.16 0.86 1.00 0.01 0.12 South Korea Jul 1.31 3.60 0.44 3.90 0.13 1.32 Aug 1.31 3.60 0.44 3.90 0.13 1.32 ================================================================================ WASDE - 651 - 26 August 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2022/23 World 70.16 116.46 37.65 112.64 37.09 -0.73 75.27 World Less China 36.29 85.71 31.42 74.94 37.00 -0.73 42.21 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 66.11 102.00 37.65 110.59 24.33 -0.19 71.02 Major Exporters 4/ 21.76 55.76 2.38 32.81 20.05 -0.20 27.23 Central Asia 5/ 2.73 5.54 0.01 3.53 1.12 0.00 3.63 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.50 1.10 0.00 10.82 Major Importers 8/ 42.47 42.93 32.86 73.77 3.01 0.02 41.47 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 33.87 30.75 6.23 37.70 0.09 0.00 33.06 European Union 9/ 0.30 1.64 0.52 0.56 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 2023/24 Est. World 75.27 113.58 43.41 112.35 44.73 -0.61 75.78 World Less China 42.21 86.23 28.61 74.85 44.66 -0.61 38.15 United States 4.25 12.07 0.01 1.85 11.75 -0.43 3.15 Total Foreign 71.02 101.51 43.40 110.50 32.98 -0.18 72.63 Major Exporters 4/ 27.23 58.70 1.53 33.76 28.24 -0.18 25.64 Central Asia 5/ 3.63 5.20 0.01 3.86 1.61 0.00 3.38 Afr. Fr. Zone 6/ 0.96 4.96 3/ 0.10 4.54 0.00 1.28 S. Hemis. 7/ 11.34 21.87 0.15 4.15 19.30 -0.18 10.08 Australia 4.78 5.00 3/ 0.01 5.80 -0.18 4.15 Brazil 4.01 14.57 0.01 3.10 12.31 0.00 3.17 India 10.82 26.20 0.88 25.00 2.33 0.00 10.57 Major Importers 8/ 41.47 39.36 39.37 72.65 2.97 0.00 44.59 Mexico 0.38 0.90 0.70 1.50 0.23 0.00 0.24 China 33.06 27.35 14.80 37.50 0.08 0.00 37.63 European Union 9/ 0.39 1.05 0.50 0.53 1.06 0.00 0.35 Turkey 2.63 3.20 3.50 6.50 1.40 0.00 1.43 Pakistan 1.53 6.70 3.00 9.40 0.18 0.00 1.65 Indonesia 0.36 3/ 1.83 1.78 0.02 0.00 0.40 Thailand 0.14 3/ 0.42 0.46 0.00 0.00 0.10 Bangladesh 1.73 0.16 7.30 7.60 0.00 0.00 1.59 Vietnam 1.05 3/ 6.70 6.70 0.00 0.00 1.05 ================================================================================ WASDE - 651 - 27 August 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2024/25 Proj. World Jul 79.31 120.19 44.59 117.19 44.59 -0.32 82.63 Aug 75.78 117.64 43.63 116.21 43.54 -0.31 77.61 World Less China Jul 38.31 92.69 33.09 78.19 44.52 -0.32 41.70 Aug 38.15 90.14 33.63 78.21 43.47 -0.31 40.55 United States Jul 3.05 17.00 0.01 1.90 13.00 -0.15 5.30 Aug 3.15 15.11 0.01 1.90 12.00 -0.14 4.50 Total Foreign Jul 76.26 103.19 44.59 115.29 31.59 -0.18 77.33 Aug 72.63 102.53 43.63 114.31 31.54 -0.18 73.11 Major Exporters 4/ Jul 25.81 59.88 2.20 34.71 27.41 -0.18 25.95 Aug 25.64 59.22 2.70 34.68 27.33 -0.18 25.71 Central Asia 5/ Jul 3.38 5.19 0.03 4.08 1.40 0.00 3.12 Aug 3.38 5.19 0.03 4.08 1.40 0.00 3.12 Afr. Fr. Zone 6/ Jul 1.33 5.12 3/ 0.10 4.90 0.00 1.45 Aug 1.28 4.92 3/ 0.10 4.78 0.00 1.32 S. Hemis. 7/ Jul 10.09 24.05 0.15 4.36 19.18 -0.18 10.92 Aug 10.08 24.05 0.15 4.36 19.18 -0.18 10.91 Australia Jul 4.15 5.00 3/ 0.01 5.40 -0.18 3.91 Aug 4.15 5.00 3/ 0.01 5.40 -0.18 3.91 Brazil Jul 3.19 16.70 0.01 3.30 12.50 0.00 4.10 Aug 3.17 16.70 0.01 3.30 12.50 0.00 4.08 India Jul 10.67 25.00 1.50 25.50 1.50 0.00 10.17 Aug 10.57 24.50 2.00 25.50 1.50 0.00 10.07 Major Importers 8/ Jul 48.03 39.82 39.71 76.27 2.39 0.00 48.90 Aug 44.59 39.82 38.26 75.32 2.39 0.00 44.96 Mexico Jul 0.25 0.80 0.90 1.50 0.20 0.00 0.25 Aug 0.24 0.80 0.95 1.55 0.20 0.00 0.24 China Jul 41.01 27.50 11.50 39.00 0.08 0.00 40.93 Aug 37.63 27.50 10.00 38.00 0.08 0.00 37.06 European Union 9/ Jul 0.43 1.36 0.55 0.57 1.25 0.00 0.52 Aug 0.35 1.36 0.55 0.57 1.25 0.00 0.44 Turkey Jul 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Aug 1.43 4.00 4.80 7.60 0.80 0.00 1.83 Pakistan Jul 1.63 6.00 3.90 9.50 0.05 0.00 1.98 Aug 1.65 6.00 4.00 9.60 0.05 0.00 2.00 Indonesia Jul 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Aug 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Jul 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Aug 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Bangladesh Jul 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Aug 1.59 0.16 7.80 7.80 0.00 0.00 1.74 Vietnam Jul 1.05 3/ 7.10 7.10 0.00 0.00 1.05 Aug 1.05 3/ 7.10 7.10 0.00 0.00 1.05 ================================================================================ WASDE - 651 - 28 August 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2022/23 World 2/ 92.57 378.50 167.82 315.41 366.47 171.76 100.66 World Less China 67.42 358.21 63.32 219.41 248.97 171.67 68.32 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.10 262.28 167.16 255.21 303.18 117.88 93.47 Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 100.66 395.12 176.93 329.65 383.05 177.30 112.36 World Less China 68.32 374.28 65.43 230.65 261.35 177.20 69.48 United States 7.19 113.34 0.54 62.32 65.42 46.27 9.39 Total Foreign 93.47 281.78 176.38 267.33 317.63 131.03 102.97 Major Exporters 3/ 54.09 215.70 7.58 93.10 104.50 120.25 52.62 Argentina 17.00 49.00 6.70 35.50 42.75 5.60 24.35 Brazil 36.82 153.00 0.85 54.00 57.85 105.00 27.82 Paraguay 0.17 10.50 0.02 3.50 3.65 6.85 0.19 Major Importers 4/ 34.51 24.73 144.14 127.00 157.41 0.42 45.55 China 32.34 20.84 111.50 99.00 121.70 0.10 42.88 European Union 1.10 2.98 13.80 14.50 16.22 0.30 1.36 Southeast Asia 5/ 0.67 0.47 9.14 4.59 9.45 0.01 0.82 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. World 2/ Jul 111.25 421.85 176.40 345.68 401.54 180.20 127.76 Aug 112.36 428.73 177.28 346.58 402.84 181.22 134.30 World Less China Jul 71.87 401.15 67.40 242.68 274.74 180.10 85.58 Aug 69.48 408.03 68.28 243.58 276.04 181.12 88.62 United States Jul 9.40 120.70 0.41 66.00 68.99 49.67 11.85 Aug 9.39 124.90 0.41 66.00 69.10 50.35 15.25 Total Foreign Jul 101.85 301.15 175.99 279.69 332.55 130.53 115.91 Aug 102.97 303.83 176.87 280.59 333.74 130.87 119.06 Major Exporters 3/ Jul 55.02 233.80 5.68 97.60 109.63 120.10 64.77 Aug 52.62 233.80 5.68 97.60 109.63 119.10 63.37 Argentina Jul 24.85 51.00 5.50 40.00 47.60 5.50 28.25 Aug 24.35 51.00 5.50 40.00 47.60 4.50 28.75 Brazil Jul 29.72 169.00 0.15 54.00 58.10 105.00 35.77 Aug 27.82 169.00 0.15 54.00 58.10 105.00 33.87 Paraguay Jul 0.19 10.70 0.02 3.50 3.68 6.80 0.43 Aug 0.19 10.70 0.02 3.50 3.68 6.80 0.43 Major Importers 4/ Jul 42.05 24.62 143.36 132.41 164.25 0.42 45.36 Aug 45.55 24.54 143.66 132.41 164.25 0.42 49.09 China Jul 39.38 20.70 109.00 103.00 126.80 0.10 42.18 Aug 42.88 20.70 109.00 103.00 126.80 0.10 45.68 European Union Jul 1.36 3.05 14.30 15.20 17.02 0.30 1.39 Aug 1.36 2.98 14.60 15.20 17.02 0.30 1.61 Southeast Asia 5/ Jul 0.82 0.46 10.01 5.00 10.09 0.01 1.19 Aug 0.82 0.46 10.01 5.00 10.09 0.01 1.19 Mexico Jul 0.26 0.16 6.70 6.65 6.71 0.00 0.41 Aug 0.26 0.16 6.70 6.65 6.71 0.00 0.41 ================================================================================ WASDE - 651 - 29 August 2024 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 16.24 247.80 63.06 246.81 67.07 13.21 World Less China 15.53 171.77 63.02 171.76 66.27 12.28 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 15.95 200.18 62.48 211.87 53.87 12.88 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.21 258.68 69.13 254.56 72.69 13.77 World Less China 12.28 180.27 69.08 177.41 71.39 12.83 United States 0.34 48.99 0.59 35.04 14.52 0.36 Total Foreign 12.88 209.69 68.54 219.52 58.17 13.41 Major Exporters 3/ 5.66 78.31 0.08 31.17 47.90 4.98 Argentina 2.31 27.69 0.01 3.48 24.40 2.14 Brazil 3.15 41.58 0.02 20.50 21.80 2.45 India 0.20 9.04 0.05 7.19 1.70 0.40 Major Importers 4/ 1.68 21.99 38.50 59.04 0.98 2.14 European Union 0.49 11.46 16.10 26.74 0.70 0.60 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.58 18.50 21.54 0.28 1.27 China 0.94 78.41 0.05 77.15 1.30 0.95 2024/25 Proj. World 2/ Jul 13.66 271.16 70.84 265.63 74.50 15.53 Aug 13.77 271.87 71.11 266.31 74.63 15.83 World Less China Jul 12.71 189.59 70.79 184.98 73.50 14.61 Aug 12.83 190.30 71.06 185.66 73.63 14.91 United States Jul 0.36 51.78 0.54 36.40 15.88 0.41 Aug 0.36 51.78 0.54 36.40 15.88 0.41 Total Foreign Jul 13.30 219.39 70.30 229.23 58.63 15.13 Aug 13.41 220.10 70.57 229.90 58.75 15.42 Major Exporters 3/ Jul 4.97 81.58 0.07 32.18 49.00 5.45 Aug 4.98 81.58 0.07 32.18 49.00 5.46 Argentina Jul 2.14 31.20 0.01 3.55 27.30 2.50 Aug 2.14 31.20 0.01 3.55 27.30 2.50 Brazil Jul 2.45 41.58 0.01 21.00 20.50 2.54 Aug 2.45 41.58 0.01 21.00 20.50 2.54 India Jul 0.39 8.80 0.05 7.63 1.20 0.41 Aug 0.40 8.80 0.05 7.63 1.20 0.42 Major Importers 4/ Jul 2.13 23.09 39.58 61.18 1.19 2.42 Aug 2.14 23.09 39.58 61.18 1.19 2.43 European Union Jul 0.60 12.01 16.20 27.24 0.90 0.66 Aug 0.60 12.01 16.20 27.24 0.90 0.66 Mexico Jul 0.19 5.26 2.20 7.43 0.00 0.22 Aug 0.19 5.26 2.20 7.43 0.00 0.22 Southeast Asia 5/ Jul 1.26 3.90 19.43 22.83 0.29 1.47 Aug 1.27 3.90 19.43 22.83 0.29 1.48 China Jul 0.95 81.58 0.05 80.65 1.00 0.92 Aug 0.95 81.58 0.05 80.65 1.00 0.92 ================================================================================ WASDE - 651 - 30 August 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 5.10 59.61 10.87 58.86 11.71 5.01 World Less China 4.72 42.41 10.48 41.86 11.60 4.14 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.71 10.70 46.79 11.54 4.28 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.09 6.31 25.36 0.19 1.69 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.73 1.27 1.98 0.07 0.19 2023/24 Est. World 2/ 5.01 62.32 10.46 61.41 11.12 5.26 World Less China 4.14 44.58 10.06 43.31 11.02 4.45 United States 0.73 12.23 0.27 12.20 0.30 0.73 Total Foreign 4.28 50.10 10.19 49.21 10.82 4.53 Major Exporters 3/ 1.46 21.23 0.57 13.93 7.59 1.73 Argentina 0.32 7.01 0.00 2.25 4.80 0.28 Brazil 0.49 10.80 0.07 9.15 1.40 0.81 European Union 0.56 2.76 0.50 2.46 0.75 0.61 Major Importers 4/ 1.69 21.06 5.15 26.20 0.21 1.49 China 0.87 17.74 0.40 18.10 0.10 0.82 India 0.60 2.03 2.95 5.15 0.02 0.42 North Africa 5/ 0.19 0.92 1.23 2.02 0.09 0.24 2024/25 Proj. World 2/ Jul 5.21 65.36 11.19 64.61 11.94 5.21 Aug 5.26 65.52 11.12 64.60 12.02 5.28 World Less China Jul 4.40 46.90 10.79 45.81 11.84 4.44 Aug 4.45 47.06 10.72 45.80 11.92 4.51 United States Jul 0.73 12.93 0.20 12.79 0.27 0.81 Aug 0.73 12.93 0.20 12.79 0.27 0.81 Total Foreign Jul 4.48 52.42 10.99 51.82 11.66 4.41 Aug 4.53 52.59 10.91 51.81 11.75 4.47 Major Exporters 3/ Jul 1.73 22.25 0.57 14.44 8.43 1.68 Aug 1.73 22.25 0.57 14.44 8.43 1.68 Argentina Jul 0.28 7.90 0.00 2.36 5.50 0.32 Aug 0.28 7.90 0.00 2.36 5.50 0.32 Brazil Jul 0.81 10.80 0.04 9.53 1.40 0.72 Aug 0.81 10.80 0.04 9.53 1.40 0.72 European Union Jul 0.61 2.89 0.53 2.48 0.95 0.60 Aug 0.61 2.89 0.53 2.48 0.95 0.60 Major Importers 4/ Jul 1.46 21.87 5.80 27.60 0.21 1.32 Aug 1.49 21.90 5.80 27.62 0.21 1.37 China Jul 0.82 18.46 0.40 18.80 0.10 0.77 Aug 0.82 18.46 0.40 18.80 0.10 0.77 India Jul 0.38 1.98 3.50 5.60 0.02 0.25 Aug 0.42 1.98 3.50 5.60 0.02 0.28 North Africa 5/ Jul 0.24 1.04 1.25 2.18 0.08 0.27 Aug 0.24 1.07 1.25 2.21 0.08 0.28 ================================================================================ WASDE - 651 - 31 August 2024 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2023 III 6622 6490 13153 11681 1355 13195 26348 2311 56.0 IV 6810 7148 14003 11611 1343 13090 27094 2352 55.5 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2266 57.0 II 6766 6714 13523 11646 1306 13096 26619 2240 57.5 III* 6675 6750 13468 11950 1290 13390 26858 2285 56.0 IV* 6735 7490 14271 11850 1250 13240 27511 2350 55.8 JulProj. 26655 28139 54973 46780 5214 52564 107537 9086 226.9 AugProj. 26736 28048 54961 46876 5115 52560 107521 9141 226.3 2025 I* 6400 7110 13555 11750 1275 13170 26725 2355 56.8 II* 6495 6800 13339 11850 1290 13285 26624 2345 58.1 JulProj. 25465 28550 54193 47500 5280 53365 107558 9470 229.1 AugProj. 25445 28550 54172 47500 5175 53260 107432 9470 228.2 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 III 184.27 69.27 115.3 132.5 135.8 19.27 IV 177.93 53.58 118.5 100.8 182.2 21.17 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II 188.42 65.53 132.1 95.7 227.1 21.77 III* 193.00 63.00 127.0 93.0 305.0 23.00 IV* 190.00 54.00 128.0 96.0 295.0 24.05 JulProj. 186.86 59.13 127.3 95.7 236.4 22.25 AugProj. 188.11 59.38 128.8 94.2 271.4 22.30 2025 I* 189.00 55.00 129.0 96.0 195.0 23.10 II* 190.00 61.00 132.0 101.0 165.0 22.10 JulProj. 191 59 126 107 160 22.50 AugProj. 191 58 127 105 175 22.75 ================================================================================ WASDE - 651 - 32 August 2024 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2023 723 27034 3725 31482 3038 638 27807 58.1 2024 Proj. Jul 638 26722 4146 31505 2908 590 28007 58.2 Aug 638 26803 4188 31628 2940 610 28078 58.3 2025 Proj. Jul 590 25532 4225 30347 2500 575 27272 56.3 Aug 610 25512 4225 30347 2500 570 27277 56.3 Pork 2023 504 27318 1142 28965 6824 471 21670 50.2 2024 Proj. Jul 471 28154 1213 29839 7247 460 22131 51.0 Aug 471 28063 1188 29723 7122 475 22126 51.0 2025 Proj. Jul 460 28565 1230 30255 7615 475 22165 50.7 Aug 475 28565 1215 30255 7365 485 22405 51.3 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 109.5 2024 Proj. Jul 1130 55064 5701 61896 10160 1072 50664 110.5 Aug 1130 55053 5719 61902 10067 1107 50728 110.7 2025 Proj. Jul 1072 54285 5790 61146 10120 1071 49956 108.3 Aug 1107 54263 5775 61145 9870 1076 50199 108.9 Broiler 2023 892 45890 131 46914 7260 835 38819 99.5 2024 Proj. Jul 835 46279 165 47279 6744 790 39745 101.3 Aug 835 46374 162 47371 6776 790 39805 101.5 2025 Proj. Jul 790 46992 180 47962 6875 800 40287 102.0 Aug 790 46992 180 47962 6875 800 40287 102.0 Turkey 2023 190 5457 42 5689 490 243 4956 14.8 2024 Proj. Jul 243 5214 39 5496 510 210 4776 14.2 Aug 243 5115 38 5396 504 210 4682 13.9 2025 Proj. Jul 210 5280 40 5530 530 210 4790 14.1 Aug 210 5175 40 5425 530 210 4685 13.8 Total Poultry6/ 2023 1087 51934 177 53199 7770 1085 44344 115.9 2024 Proj. Jul 1085 52063 206 53354 7280 1005 45069 117.1 Aug 1085 52058 203 53346 7301 1005 45039 117.0 2025 Proj. Jul 1005 52856 226 54087 7433 1016 45638 117.8 Aug 1005 52751 226 53982 7429 1016 45537 117.5 RedMeat& Poultry 2023 2343 106474 5329 114147 17637 2215 94294 225.4 2024 Proj. Jul 2215 107127 5908 115250 17440 2077 95733 227.7 Aug 2215 107111 5922 115248 17368 2112 95768 227.7 2025 Proj. Jul 2077 107141 6016 115234 17553 2087 95594 226.1 Aug 2112 107014 6001 115127 17299 2092 95736 226.4 ================================================================================ WASDE - 651 - 33 August 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Jul Aug Jul Aug ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 23.0 23.0 Production 9116.6 9142.4 9085.7 9140.6 9470.0 9470.0 Imports 26.0 27.5 28.8 28.4 30.0 30.0 Total Supply 9161.7 9188.6 9137.6 9192.0 9523.0 9523.0 Use Exports 226.6 250.5 252.5 252.7 264.0 264.0 Hatching Use 1117.3 1112.5 1138.4 1138.6 1135.0 1135.0 Ending Stocks 18.8 23.1 23.0 23.0 23.0 23.0 Disappearance Total 7799.1 7802.6 7723.7 7777.7 8101.0 8101.0 Per Capita (number) 280.5 279.3 275.1 277.0 286.6 286.6 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Jul Aug Jul Aug ================================================================================ Billion Pounds Milk Production 226.4 226.4 226.9 226.3 229.1 228.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.5 13.5 Marketings 225.4 225.4 225.9 225.3 228.1 227.2 Imports 7.1 7.4 8.9 8.7 8.2 8.3 Total Supply 246.8 247.1 248.5 247.8 249.9 249.0 FatBasisUse Exports 12.8 10.5 11.4 11.5 11.3 11.3 Ending Stocks 14.4 13.8 13.5 13.5 13.5 13.2 Domestic Use 219.6 222.9 223.6 222.8 225.1 224.5 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 9.7 9.7 Marketings 225.4 225.4 225.9 225.3 228.1 227.2 Imports 6.7 6.3 7.0 6.9 6.9 7.0 Total Supply 243.2 243.3 242.8 242.1 244.7 243.8 Skim-solidBasisUse Exports 52.9 49.9 48.8 48.8 50.0 50.2 Ending Stocks 11.7 9.9 9.7 9.7 9.5 9.7 Domestic Use 178.7 183.6 184.3 183.7 185.1 183.9 ================================================================================ WASDE - 651 - 34 August 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity Jul Aug Jul Aug ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.820 1.825 1.855 1.860 Butter 2.8665 2.6170 3.005 2.990 2.965 2.985 Nonfat Dry Milk 1.6851 1.1856 1.185 1.195 1.190 1.220 Dry Whey 0.6057 0.3618 0.440 0.470 0.425 0.450 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 18.25 18.40 18.45 18.65 Class IV 24.47 19.12 20.75 20.80 20.60 20.95 All Milk 3/ 25.34 20.34 22.25 22.30 22.50 22.75 ================================================================================ WASDE - 651 - 35 August 2024 Reliability of August Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 2.2 3.7 10.3 0.2 32.1 29 14 U.S. 2.7 4.5 1.2 0.0 4.2 17 26 Foreign 2.4 4.1 10.2 0.6 31.1 29 14 Exports World 5.7 9.6 6.4 0.4 19.1 33 10 U.S. 10.6 17.9 2.5 0.0 10.0 19 23 Foreign 7.0 11.8 6.3 0.3 20.5 32 11 Domestic Use World 1.9 3.1 8.3 0.2 34.8 24 19 U.S. 7.2 12.2 1.9 0.0 5.5 14 29 Foreign 1.9 3.1 8.1 0.2 34.6 27 16 Ending Stocks World 8.8 14.8 10.9 0.3 31.2 32 11 U.S. 14.7 24.8 2.8 0.5 12.6 27 16 Foreign 9.4 15.9 9.6 0.1 28.7 32 11 COARSE GRAINS 2/ Production World 2.3 3.9 18.6 0.4 53.7 32 11 U.S. 5.9 10.0 10.0 0.0 31.4 26 17 Foreign 2.4 4.1 14.3 0.7 58.4 28 15 Exports World 6.9 11.6 7.0 0.1 23.8 30 13 U.S. 21.5 36.2 7.8 0.4 22.0 19 24 Foreign 13.6 22.8 7.6 1.4 19.9 29 14 Domestic Use World 1.6 2.7 12.8 0.2 36.8 24 19 U.S. 4.0 6.8 6.8 0.2 17.0 24 19 Foreign 1.8 3.0 11.2 1.1 39.2 27 16 Ending Stocks World 15.7 26.4 21.0 0.1 171.8 33 10 U.S. 34.9 58.8 10.4 0.3 43.5 22 21 Foreign 16.2 27.3 15.1 0.2 154.8 34 9 RICE, milled Production World 2.2 3.7 6.1 0.1 24.4 28 15 U.S. 5.7 9.5 0.3 0.0 0.7 22 21 Foreign 2.2 3.8 6.1 0.4 24.7 29 14 Exports World 9.1 15.3 1.9 0.0 6.9 31 12 U.S. 12.0 20.2 0.2 0.0 1.0 20 21 Foreign 10.0 16.9 1.9 0.1 6.8 30 13 Domestic Use World 1.8 3.0 4.2 0.1 23.5 33 10 U.S. 8.1 13.6 0.2 0.0 0.5 21 22 Foreign 1.8 3.0 4.2 0.0 24.0 32 11 Ending Stocks World 11.9 20.0 6.5 0.1 27.3 33 10 U.S. 29.7 50.1 0.2 0.0 1.0 26 16 Foreign 12.8 21.5 6.5 0.1 27.1 33 10 ================================================================================ WASDE - 651 - 36 August 2024 Reliability of August 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 4.8 8.0 8.2 0.3 30.9 22 21 U.S. 5.9 10.0 3.4 0.0 11.1 22 20 Foreign 7.6 12.7 7.4 1.1 33.5 20 23 Exports World 7.0 11.7 3.7 0.0 18.2 27 15 U.S. 12.0 20.2 3.1 0.0 9.8 24 18 Foreign 18.7 31.5 3.6 0.0 21.3 22 21 Domestic Use World 3.4 5.8 5.2 0.0 15.9 25 18 U.S. 4.8 8.1 1.7 0.0 4.6 25 18 Foreign 4.0 6.7 4.8 0.6 15.4 24 19 Ending Stocks World 16.0 26.9 4.8 0.1 23.5 21 22 U.S. 69.1 116.3 2.9 0.3 12.9 16 27 Foreign 18.1 30.5 4.7 0.2 21.3 25 18 COTTON Production World 4.8 8.1 3.3 0.0 13.2 22 20 U.S. 8.8 14.8 1.1 0.0 3.9 21 21 Foreign 5.2 8.7 2.9 0.0 10.9 22 20 Exports World 9.9 16.7 2.5 0.1 10.2 20 23 U.S. 20.6 34.7 1.2 0.0 3.2 22 21 Foreign 13.1 22.0 2.0 0.1 8.5 22 21 Domestic Use World 5.1 8.7 3.7 0.3 20.7 16 27 U.S. 10.1 17.1 0.4 0.0 1.3 19 21 Foreign 5.2 8.7 3.6 0.3 20.1 17 26 Ending Stocks World 14.8 24.9 6.1 0.2 18.5 28 15 U.S. 44.1 74.2 1.4 0.0 5.1 16 26 Foreign 14.9 25.1 5.5 0.1 18.6 30 13 ================================================================================ WASDE - 651 - 37 August 2024 Reliability of United States August 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 6.4 10.7 377 1 1096 25 18 Exports 22.1 37.2 279 12 750 19 24 Domestic Use 4.4 7.4 273 10 590 26 17 Ending Stocks 39.8 67.1 384 12 1674 21 22 SORGHUM Production 11.6 19.6 34 1 108 22 21 Exports 39.9 67.2 45 1 160 20 23 Domestic Use 29.7 49.9 44 0 130 20 21 Ending Stocks 56.4 95.0 34 1 201 17 26 BARLEY Production 6.2 10.5 14 1 67 17 26 Exports 74.1 124.8 12 0 82 20 19 Domestic Use 10.2 17.2 23 0 82 16 26 Ending Stocks 19.0 32.1 20 0 94 20 22 OATS Production 9.9 16.6 12 0 57 9 33 Exports 91.2 153.6 1 0 8 10 12 Domestic Use 6.9 11.7 13 1 39 11 32 Ending Stocks 22.9 38.5 14 0 40 20 22 Thousand Short Tons SOYBEAN MEAL Production 4.8 8.0 1249 32 3669 28 15 Exports 15.1 25.4 906 0 3500 26 16 Domestic Use 3.9 6.6 788 0 3800 25 17 Ending Stocks 41.3 69.6 54 0 428 13 17 Million Pounds SOYBEAN OIL Production 4.7 8.0 612 11 2290 28 15 Exports 50.2 84.6 425 0 1575 20 20 Domestic Use 4.2 7.1 496 8 2200 27 16 Ending Stocks 31.6 53.3 452 0 1472 23 19 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 818 110 2536 29 13 Pork 2.9 5.0 415 10 1375 24 18 Broilers 2.2 3.7 580 5 1424 22 20 Turkeys 4.0 6.8 159 2 458 21 21 Million Dozen Eggs 2.1 3.5 127 4 439 25 17 Billion Pounds Milk 1.7 2.8 2.2 0.1 7.0 22 20 ================================================================================