WASDE - 655 - 8 December 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 2762.12 3562.00 497.27 2770.83 791.17 2023/24 (Est.) 2819.75 3610.91 514.71 2817.28 793.64 2024/25 (Proj.) Nov 2828.25 3618.12 500.47 2848.05 770.06 Dec 2825.76 3619.39 503.55 2855.76 763.64 Wheat 2022/23 789.89 1063.65 221.74 789.63 274.03 2023/24 (Est.) 791.24 1065.26 221.39 797.86 267.41 2024/25 (Proj.) Nov 794.73 1060.98 214.67 803.41 257.57 Dec 792.95 1060.35 213.65 802.47 257.88 Coarse Grains 5/ 2022/23 1455.50 1797.43 220.33 1460.91 336.52 2023/24 (Est.) 1505.86 1842.39 236.72 1495.26 347.12 2024/25 (Proj.) Nov 1499.71 1844.03 228.88 1514.19 329.85 Dec 1499.13 1846.25 231.78 1522.96 323.29 Rice, milled 2022/23 516.73 700.92 55.20 520.30 180.62 2023/24 (Est.) 522.65 703.27 56.60 524.16 179.11 2024/25 (Proj.) Nov 533.81 713.10 56.92 530.46 182.65 Dec 533.68 712.79 58.12 530.32 182.47 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 458.91 520.33 86.80 365.58 67.95 2024/25 (Proj.) Nov 457.91 533.05 90.42 366.92 75.72 Dec 457.91 533.19 94.91 368.19 70.09 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.10 68.36 19.24 30.16 18.95 2024/25 (Proj.) Nov 53.65 75.87 22.45 31.24 22.17 Dec 53.65 76.01 23.13 31.24 21.63 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.88 442.67 64.45 330.48 47.74 2024/25 (Proj.) Nov 397.28 447.47 64.79 330.62 52.06 Dec 397.28 447.48 68.60 331.89 46.98 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.93 9.31 3.12 4.94 1.25 2024/25 (Proj.) Nov 6.98 9.71 3.18 5.05 1.48 Dec 6.98 9.71 3.18 5.05 1.48 ================================================================================ WASDE - 655 - 9 December 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 2355.69 3090.66 429.43 2420.94 737.57 2023/24 (Est.) 2360.84 3090.58 427.90 2451.69 725.69 2024/25 (Proj.) Nov 2370.34 3085.07 410.05 2481.14 694.34 Dec 2367.85 3086.20 408.64 2487.57 693.54 Wheat 2022/23 744.99 997.09 201.01 759.30 258.52 2023/24 (Est.) 742.14 996.91 202.14 767.69 248.45 2024/25 (Proj.) Nov 741.08 985.11 192.21 772.17 235.40 Dec 739.30 984.35 190.51 771.23 236.25 Coarse Grains 5/ 2022/23 1099.05 1400.26 175.27 1145.94 299.39 2023/24 (Est.) 1102.98 1399.72 172.27 1164.79 299.38 2024/25 (Proj.) Nov 1102.43 1396.56 164.09 1183.56 277.78 Dec 1101.85 1398.77 163.18 1191.07 276.30 Rice, milled 2022/23 511.65 693.31 53.14 515.70 179.66 2023/24 (Est.) 515.71 693.96 53.48 519.21 177.86 2024/25 (Proj.) Nov 526.83 703.40 53.75 525.41 181.16 Dec 526.70 703.08 54.94 525.27 180.99 ================================================================================ 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 2022/23 116.30 187.19 36.65 112.64 75.90 2023/24 (Est.) 112.98 188.88 44.61 114.33 74.16 2024/25 (Proj.) Nov 116.18 190.77 42.18 115.22 75.75 Dec 117.39 191.55 42.26 115.79 76.02 United States 2022/23 14.47 19.07 12.45 2.05 4.65 2023/24 (Est.) 12.07 16.72 11.75 1.85 3.15 2024/25 (Proj.) Nov 14.19 17.35 11.30 1.80 4.30 Dec 14.26 17.41 11.30 1.80 4.40 Foreign 4/ 2022/23 101.83 168.12 24.20 110.59 71.25 2023/24 (Est.) 100.92 172.16 32.86 112.48 71.01 2024/25 (Proj.) Nov 101.99 173.42 30.88 113.42 71.45 Dec 103.13 174.14 30.96 113.99 71.62 ================================================================================ WASDE - 655 - 10 December 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 2022/23 637.40 749.81 201.37 524.88 120.35 2023/24 (Est.) 657.49 777.84 204.92 545.40 131.46 2024/25 (Proj.) Nov 682.22 813.89 207.39 556.94 147.67 Dec 683.38 814.83 207.34 558.18 147.22 Oilmeals 2022/23 357.05 377.25 97.65 355.43 17.40 2023/24 (Est.) 372.33 389.74 106.24 365.58 18.77 2024/25 (Proj.) Nov 382.53 401.42 106.07 376.87 20.32 Dec 383.42 402.19 107.07 377.17 20.73 Vegetable Oils 2022/23 216.79 246.89 88.86 210.94 30.67 2023/24 (Est.) 221.48 252.15 85.84 217.24 29.94 2024/25 (Proj.) Nov 227.02 257.12 86.67 223.86 28.33 Dec 226.81 256.74 86.12 223.88 27.90 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.16 132.12 47.35 66.32 10.80 2024/25 (Proj.) Nov 131.15 142.94 50.79 69.83 14.22 Dec 131.16 142.96 50.82 69.83 14.23 Oilmeals 2022/23 49.94 54.60 13.39 40.79 0.41 2023/24 (Est.) 51.49 56.18 14.81 40.88 0.49 2024/25 (Proj.) Nov 53.93 58.77 15.99 42.29 0.50 Dec 53.93 58.77 15.99 42.29 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.63 21.63 0.42 20.19 1.02 2024/25 (Proj.) Nov 14.21 22.45 0.43 20.94 1.07 Dec 14.33 22.57 0.66 20.85 1.06 Foreign 3/ Oilseeds 2022/23 511.64 613.39 146.59 460.71 111.50 2023/24 (Est.) 535.33 645.72 157.57 479.08 120.65 2024/25 (Proj.) Nov 551.07 670.94 156.60 487.10 133.45 Dec 552.22 671.88 156.52 488.34 132.99 Oilmeals 2022/23 307.11 322.65 84.26 314.64 16.99 2023/24 (Est.) 320.85 333.55 91.43 324.69 18.28 2024/25 (Proj.) Nov 328.60 342.65 90.08 334.58 19.83 Dec 329.49 343.42 91.08 334.89 20.24 Vegetable Oils 2022/23 203.62 226.15 88.52 191.67 29.54 2023/24 (Est.) 207.86 230.53 85.42 197.05 28.92 2024/25 (Proj.) Nov 212.81 234.67 86.24 202.91 27.26 Dec 212.48 234.18 85.46 203.03 26.84 ================================================================================ WASDE - 655 - 11 December 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Acres Area Planted 45.8 49.6 46.1 46.1 Area Harvested 35.5 37.1 38.5 38.5 Bushels Yield per Harvested Acre 46.5 48.7 51.2 51.2 Million Bushels Beginning Stocks 674 570 696 696 Production 1650 1804 1971 1971 Imports 122 138 120 125 Supply, Total 2446 2512 2788 2793 Food 972 961 966 966 Seed 68 62 62 62 Feed and Residual 74 85 120 120 Domestic, Total 1114 1108 1148 1148 Exports 762 707 825 850 Use, Total 1876 1815 1973 1998 Ending Stocks 570 696 815 795 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 5.60 5.60 ================================================================================ 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 596 465 449 234 59 1804 Imports 18 63 6 6 45 138 Supply, Total 3/ 837 683 545 314 132 2512 Food 384 253 158 84 83 961 Seed 27 15 11 6 3 62 Feed and Residual 18 -10 91 -12 -2 85 Domestic Use 428 258 261 77 84 1108 Exports 134 235 158 152 27 707 Use, Total 563 493 419 229 111 1815 Ending Stocks, Total 274 190 126 85 21 696 2024/25 (Proj.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 5 65 5 5 45 125 Supply, Total 3/ 1050 758 473 366 146 2793 Food 384 259 155 85 83 966 Seed 26 16 13 6 3 62 Feed and Residual 50 15 70 -15 0 120 Domestic Use 460 290 238 76 86 1148 Exports 220 270 125 210 25 850 Use, Total 680 560 363 286 111 1998 Ending Stocks, Total Dec 370 198 111 80 36 795 Nov 370 198 116 95 36 815 ================================================================================ WASDE - 655 - 12 December 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.6 101.6 Area Harvested 86.6 96.0 90.7 90.7 Metric Tons Yield per Harvested Acre 4.11 4.19 4.37 4.37 Million Metric Tons Beginning Stocks 37.5 37.1 47.7 47.7 Production 356.1 402.6 396.9 396.9 Imports 2.9 2.3 2.2 2.2 Supply, Total 396.5 442.0 446.8 446.8 Feed and Residual 142.2 150.9 151.8 151.8 Food, Seed & Industrial 172.1 179.0 178.2 179.4 Domestic, Total 314.4 329.9 330.0 331.2 Exports 45.1 64.4 64.8 68.6 Use, Total 359.4 394.3 394.8 399.8 Ending Stocks 37.1 47.7 52.0 47.0 Million Acres CORN Area Planted 88.2 94.6 90.7 90.7 Area Harvested 78.7 86.5 82.7 82.7 Bushels Yield per Harvested Acre 173.4 177.3 183.1 183.1 Million Bushels Beginning Stocks 1377 1360 1760 1760 Production 13651 15341 15143 15143 Imports 39 28 25 25 Supply, Total 15066 16729 16928 16928 Feed and Residual 5486 5807 5825 5825 Food,Seed& Industrial 2/ 6558 6869 6840 6890 Ethanol & by-products 3/ 5176 5478 5450 5500 Domestic, Total 12044 12676 12665 12715 Exports 1662 2292 2325 2475 Use, Total 13706 14969 14990 15190 Ending Stocks 1360 1760 1938 1738 Avg.FarmPrice ($/bu) 4/ 6.54 4.55 4.10 4.10 ================================================================================ WASDE - 655 - 13 December 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.3 6.3 AreaHarvested(mil.acres) 4.6 6.1 5.3 5.3 Yield (bushels/acre) 41.1 52.0 60.8 60.8 Beginning Stocks 47 24 31 31 Production 188 318 321 321 Imports 0 0 0 0 Supply, Total 235 342 351 351 Feed and Residual 42 48 75 75 Food, Seed & Industrial 59 24 25 25 Total Domestic 102 72 100 100 Exports 109 239 220 220 Use, Total 211 311 320 320 Ending Stocks 24 31 31 31 Avg.FarmPrice ($/bu) 2/ 6.38 4.93 4.10 4.10 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.4 2.4 AreaHarvested(mil.acres) 2.4 2.6 1.9 1.9 Yield (bushels/acre) 71.7 72.3 76.7 76.7 Beginning Stocks 37 66 78 78 Production 174 186 144 144 Imports 23 13 12 12 Supply, Total 235 265 234 234 Feed and Residual 35 57 40 40 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 182 160 160 Exports 2 5 5 5 Use, Total 169 187 165 165 Ending Stocks 66 78 69 69 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.60 6.60 OATS AreaPlanted (mil. acres) 2.6 2.6 2.2 2.2 AreaHarvested(mil.acres) 0.9 0.8 0.9 0.9 Yield (bushels/acre) 65.5 68.6 76.5 76.5 Beginning Stocks 33 35 36 36 Production 58 57 68 68 Imports 84 74 74 74 Supply, Total 174 166 178 178 Feed and Residual 57 48 60 60 Food, Seed & Industrial 81 80 81 81 Total Domestic 137 128 141 141 Exports 2 2 2 2 Use, Total 139 130 143 143 Ending Stocks 35 36 35 35 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.50 3.40 ================================================================================ WASDE - 655 - 14 December 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 2.94 2.94 Area Harvested 2.17 2.85 2.90 2.90 Pounds Yield per Harvested Acre 7385 7649 7590 7590 Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.4 39.4 Production 160.0 218.3 219.8 219.8 Imports 39.9 44.6 46.5 46.5 Supply, Total 239.7 293.1 305.7 305.7 Domestic & Residual 3/ 144.8 155.7 159.0 159.0 Exports, Total 4/ 64.6 98.1 100.0 100.0 Rough 18.5 41.7 42.0 40.0 Milled (rough equiv.) 46.2 56.4 58.0 60.0 Use, Total 209.4 253.8 259.0 259.0 Ending Stocks 30.3 39.4 46.7 46.7 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.20 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 19.3 19.3 Imports 31.9 37.3 39.0 39.0 Production 128.5 153.9 166.8 166.8 Supply, Total 7/ 185.0 212.4 225.1 225.1 Domestic & Residual 3/ 113.6 118.3 122.0 122.0 Exports 8/ 50.2 74.7 74.0 72.0 Use, Total 163.8 193.0 196.0 194.0 Ending Stocks 21.2 19.3 29.1 31.1 Avg.FarmPrice($/cwt) 6/ 16.70 15.90 14.50 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 18.4 18.4 Imports 8.0 7.3 7.5 7.5 Production 31.6 64.4 53.0 53.0 Supply, Total 7/ 52.4 79.2 78.9 78.9 Domestic & Residual 3/ 31.1 37.4 37.0 37.0 Exports 8/ 14.4 23.3 26.0 28.0 Use, Total 45.6 60.7 63.0 65.0 Ending Stocks 6.8 18.4 15.9 13.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 21.30 19.60 19.60 California 10/ 40.90 22.00 22.00 22.00 Other States 1/ 18.20 17.20 14.50 14.50 ================================================================================ WASDE - 655 - 15 December 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 87.1 87.1 Area Harvested 86.2 82.3 86.3 86.3 Bushels Yield per Harvested Acre 49.6 50.6 51.7 51.7 Million Bushels Beginning Stocks 274 264 342 342 Production 4270 4162 4461 4461 Imports 25 21 15 15 Supply, Total 4569 4447 4818 4818 Crushings 2212 2287 2410 2410 Exports 1980 1695 1825 1825 Seed 75 78 78 78 Residual 39 45 35 35 Use, Total 4305 4105 4348 4348 Ending Stocks 264 342 470 470 Avg.FarmPrice ($/bu) 2/ 14.20 12.40 10.80 10.20 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1501 1501 Production 4/ 26227 27130 28335 28605 Imports 376 621 500 500 Supply, Total 28594 29357 30336 30606 Domestic Disappearance 26609 27240 28200 28000 Biofuel 3/ 12510 12989 14000 14000 Food, Feed & other Industrial 14099 14251 14200 14000 Exports 378 617 600 1100 Use, Total 26987 27856 28800 29100 Ending stocks 1607 1501 1536 1506 Avg. Price (c/lb) 2/ 65.26 47.28 43.00 43.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 453 453 Production 4/ 52493 54145 56747 56747 Imports 634 687 675 675 Supply, Total 53438 55204 57875 57875 Domestic Disappearance 38521 38643 40025 40025 Exports 14547 16107 17400 17400 Use, Total 53067 54750 57425 57425 Ending Stocks 371 453 450 450 Avg. Price ($/s.t.) 2/ 451.91 384.11 320.00 300.00 ================================================================================ WASDE - 655 - 16 December 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 2162 2099 Production 2/ 9250 9305 9276 9226 Beet Sugar 5187 5172 5210 5160 Cane Sugar 4063 4133 4066 4066 Florida 1985 2077 2053 2053 Louisiana 2001 2016 2014 2014 Texas 76 40 0 0 Imports 3614 3811 2581 2926 TRQ 3/ 1862 1788 1628 1628 Other Program 4/ 141 272 200 200 Non-program 1611 1752 753 1097 Mexico 1156 521 395 621 High-tier tariff/other 455 1231 358 476 Total Supply 14685 14959 14019 14251 Exports 82 249 100 100 Deliveries 12589 12506 12455 12455 Food 12473 12400 12350 12350 Other 5/ 116 106 105 105 Miscellaneous 171 105 0 0 Total Use 12843 12860 12555 12555 Ending Stocks 1843 2099 1464 1696 Stocks to Use Ratio 14.3 16.3 11.7 13.5 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Nov 835 4704 761 4436 446 1418 Dec 835 4704 761 4436 446 1418 2024/25 Proj. Nov 1418 5094 96 4630 1006 972 Dec 1418 5094 96 4630 1006 972 ================================================================================ WASDE - 655 - 17 December 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Nov Dec ================================================================================ Million Acres Planted 13.75 10.23 11.17 11.17 Harvested 7.29 6.44 8.63 8.63 Pounds Yield per Harvested Acre 953 899 789 792 Million 480 Pound Bales Beginning Stocks 4.60 4.65 3.15 3.15 Production 14.47 12.07 14.19 14.26 Imports 0.00 0.00 0.01 0.01 Supply, Total 19.07 16.72 17.35 17.41 Domestic Use 2.05 1.85 1.80 1.80 Exports, Total 12.45 11.75 11.30 11.30 Use, Total 14.50 13.60 13.10 13.10 Unaccounted 2/ -0.08 -0.03 -0.05 -0.09 Ending Stocks 4.65 3.15 4.30 4.40 Avg. Farm Price 3/ 84.8 76.1 66.0 66.0 ================================================================================ WASDE - 655 - 18 December 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/ 273.76 789.89 213.25 152.82 789.63 221.74 274.03 World Less China 137.00 652.17 199.97 119.82 641.63 220.80 135.21 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 255.41 744.99 209.94 150.80 759.30 201.01 258.52 Major Exporters 4/ 41.53 335.89 13.32 73.90 180.94 162.31 47.51 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 4.17 34.81 0.55 3.15 8.29 25.62 5.63 European Union 5/ 13.63 134.49 12.19 45.00 109.00 35.08 16.23 Russia 12.09 92.00 0.30 18.00 41.00 49.00 14.39 Ukraine 6.27 21.50 0.08 3.00 7.80 17.12 2.93 Major Importers 6/ 172.98 206.13 133.96 50.69 320.46 15.13 177.48 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 17.26 29.68 1.67 46.72 0.77 12.17 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 24.48 7.55 24.70 1.28 3.14 Selected Other India 19.50 104.00 0.04 6.50 108.67 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 7.20 15.20 1.91 2.30 2023/24 Est. World 3/ 274.03 791.24 221.89 159.10 797.86 221.39 267.41 World Less China 135.21 654.65 208.25 122.10 644.36 220.35 132.90 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 258.52 742.14 218.13 156.79 767.70 202.14 248.45 Major Exporters 4/ 47.51 324.35 13.77 73.12 180.22 165.53 39.88 Argentina 3.97 15.85 0.00 0.25 7.05 8.20 4.57 Australia 4.37 25.96 0.22 4.30 7.80 19.88 2.88 Canada 5.63 32.95 0.56 4.07 9.17 25.44 4.53 European Union 5/ 16.23 135.10 12.63 46.50 110.50 37.95 15.51 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 2.00 6.70 18.58 0.71 Major Importers 6/ 177.48 208.76 139.09 56.06 330.33 19.76 175.23 Bangladesh 0.83 1.10 6.80 0.25 7.65 0.00 1.08 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.64 37.00 153.50 1.04 134.50 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.17 16.37 31.27 1.63 46.73 2.00 11.09 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 12.26 20.81 20.07 3.13 39.69 0.65 12.79 Southeast Asia 9/ 3.14 0.00 30.60 9.70 27.76 1.30 4.67 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.22 12.11 2.50 2.50 7.50 8.00 3.33 United Kingdom 2.30 13.98 3.12 7.40 15.59 0.56 3.24 ================================================================================ WASDE - 655 - 19 December 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/ Nov 266.25 794.73 210.01 152.90 803.41 214.67 257.57 Dec 267.41 792.95 209.55 152.60 802.47 213.65 257.88 World Less China Nov 131.75 654.73 198.51 119.90 652.41 213.67 123.57 Dec 132.90 652.95 198.55 119.60 651.47 212.65 124.38 United States Nov 18.95 53.65 3.27 3.27 31.24 22.45 22.17 Dec 18.95 53.65 3.40 3.27 31.24 23.13 21.63 Total Foreign Nov 247.30 741.08 206.75 149.64 772.17 192.21 235.40 Dec 248.45 739.30 206.15 149.34 771.23 190.51 236.25 Major Exporters 4/ Nov 39.34 311.50 12.64 70.75 177.85 156.50 29.13 Dec 39.88 310.16 12.64 70.45 177.55 155.00 30.13 Argentina Nov 4.57 17.50 0.01 0.25 7.05 11.50 3.53 Dec 4.57 17.50 0.01 0.25 7.05 11.50 3.53 Australia Nov 3.05 32.00 0.20 4.00 7.50 25.00 2.75 Dec 2.88 32.00 0.20 4.00 7.50 25.00 2.58 Canada Nov 4.58 35.00 0.55 4.50 9.60 26.00 4.53 Dec 4.53 34.96 0.55 4.50 9.60 26.00 4.43 European Union 5/ Nov 14.74 122.60 11.50 44.50 108.75 30.00 10.09 Dec 15.51 121.30 11.50 44.50 108.75 29.00 10.56 Russia Nov 11.69 81.50 0.30 15.50 38.25 48.00 7.24 Dec 11.69 81.50 0.30 15.50 38.25 47.00 8.24 Ukraine Nov 0.71 22.90 0.08 2.00 6.70 16.00 0.99 Dec 0.71 22.90 0.08 1.70 6.40 16.50 0.79 Major Importers 6/ Nov 174.98 210.87 132.85 51.93 329.75 17.45 171.50 Dec 175.23 210.47 132.15 51.93 329.60 17.25 171.00 Bangladesh Nov 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Dec 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Brazil Nov 1.69 8.50 6.00 0.50 11.90 2.90 1.39 Dec 1.69 8.10 6.20 0.50 11.90 2.70 1.39 China Nov 134.50 140.00 11.50 33.00 151.00 1.00 134.00 Dec 134.50 140.00 11.00 33.00 151.00 1.00 133.50 Japan Nov 1.09 1.08 5.40 0.65 6.15 0.30 1.12 Dec 1.09 1.08 5.40 0.65 6.15 0.30 1.12 N. Africa 7/ Nov 11.07 16.02 32.40 1.45 46.70 2.10 10.69 Dec 11.09 16.02 32.40 1.45 46.70 2.10 10.71 Nigeria Nov 0.44 0.12 5.50 0.00 5.00 0.38 0.68 Dec 0.44 0.12 5.50 0.00 5.00 0.38 0.68 Sel. Mideast 8/ Nov 12.67 22.39 18.40 3.23 40.48 0.81 12.17 Dec 12.79 22.39 18.00 3.23 40.33 0.81 12.05 Southeast Asia 9/ Nov 4.57 0.00 30.05 9.95 28.68 1.28 4.67 Dec 4.67 0.00 30.05 9.95 28.68 1.28 4.77 India Nov 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Dec 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Kazakhstan Nov 3.33 18.00 0.50 3.00 8.10 10.00 3.73 Dec 3.33 18.00 0.50 3.00 8.10 10.00 3.73 United Kingdom Nov 3.63 11.05 3.20 6.50 14.50 0.50 2.88 Dec 3.24 11.05 3.20 6.50 14.50 0.50 2.49 ================================================================================ WASDE - 655 - 20 December 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/ 341.93 1455.50 213.12 894.96 1460.91 220.33 336.52 World Less China 131.90 1169.60 180.50 664.51 1139.14 220.32 129.75 United States 37.48 356.45 3.24 142.37 314.97 45.06 37.14 Total Foreign 304.46 1099.05 209.88 752.59 1145.94 175.27 299.39 Major Exporters 4/ 30.45 332.36 4.57 139.01 191.08 145.86 30.46 Argentina 5.58 43.91 0.02 11.65 17.58 28.75 3.19 Australia 3.61 18.84 0.00 5.72 7.60 10.89 3.97 Brazil 4.57 143.49 1.98 67.35 84.99 54.28 10.77 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/ 38.50 229.53 135.96 272.85 353.93 12.99 37.07 European Union 6/ 18.81 133.11 25.49 111.48 149.71 11.10 16.59 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 31.18 32.87 54.96 62.74 1.05 7.02 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.61 17.80 39.65 48.05 0.79 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.04 285.89 32.62 230.45 321.77 0.01 206.77 2023/24 Est. World 3/ 336.52 1505.86 241.93 926.94 1495.26 236.72 347.12 World Less China 129.75 1208.48 193.82 681.14 1156.56 236.72 133.57 United States 37.14 402.88 2.65 151.04 330.48 64.45 47.74 Total Foreign 299.39 1102.98 239.28 775.90 1164.79 172.27 299.38 Major Exporters 4/ 30.46 324.38 6.08 137.45 194.27 141.90 24.75 Argentina 3.19 58.37 0.02 12.87 18.98 37.40 5.20 Australia 3.97 14.44 0.00 5.45 7.33 9.48 1.61 Brazil 10.77 127.81 2.16 68.85 90.58 41.60 8.55 Canada 3.72 27.52 2.95 16.22 24.40 6.11 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.79 39.78 0.01 6.17 8.67 32.02 2.89 Major Importers 5/ 37.07 230.93 144.90 278.42 361.26 14.67 36.96 European Union 6/ 16.59 136.78 22.03 110.29 148.78 11.52 15.11 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.30 28.82 25.48 34.30 54.27 0.03 5.30 N. Afr & Mideast 7/ 7.02 34.01 37.56 59.81 68.20 2.52 7.88 Saudi Arabia 1.40 0.24 7.00 6.92 7.26 0.00 1.38 Southeast Asia 8/ 2.86 30.56 19.82 40.04 49.29 0.60 3.36 South Korea 1.91 0.16 11.67 9.30 11.78 0.00 1.96 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 ================================================================================ WASDE - 655 - 21 December 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/ Nov 344.32 1499.71 221.91 935.49 1514.19 228.88 329.85 Dec 347.12 1499.13 222.03 938.80 1522.96 231.78 323.29 World Less China Nov 130.77 1199.41 187.28 686.87 1173.16 228.86 122.42 Dec 133.57 1198.58 189.91 690.22 1182.08 231.76 117.96 United States Nov 47.74 397.28 2.45 151.99 330.62 64.79 52.06 Dec 47.74 397.28 2.45 151.99 331.89 68.60 46.98 Total Foreign Nov 296.58 1102.43 219.46 783.51 1183.56 164.09 277.78 Dec 299.38 1101.85 219.58 786.81 1191.07 163.18 276.30 Major Exporters 4/ Nov 22.61 320.94 4.83 138.41 194.34 138.23 15.81 Dec 24.75 322.40 4.88 140.58 197.73 138.28 16.02 Argentina Nov 5.20 60.29 0.01 14.23 20.44 41.20 3.85 Dec 5.20 60.29 0.01 14.23 20.44 41.20 3.85 Australia Nov 1.61 16.27 0.00 5.34 7.21 9.11 1.55 Dec 1.61 15.77 0.00 5.34 7.21 8.61 1.55 Brazil Nov 6.53 133.53 2.22 68.93 90.66 48.09 3.53 Dec 8.55 133.52 2.24 69.93 92.65 48.14 3.53 Canada Nov 3.68 26.33 2.35 16.15 23.96 5.33 3.07 Dec 3.68 27.52 2.35 16.74 24.75 5.73 3.07 Russia Nov 1.71 34.50 0.10 20.78 29.25 6.20 0.86 Dec 1.71 34.50 0.10 20.78 29.25 6.20 0.86 Ukraine Nov 2.78 32.42 0.02 6.01 8.49 25.48 1.26 Dec 2.89 33.24 0.02 6.61 9.10 25.58 1.47 Major Importers 5/ Nov 36.33 230.93 141.29 280.95 363.71 11.34 33.51 Dec 36.96 228.58 142.83 281.06 364.15 10.40 33.83 European Union 6/ Nov 14.65 137.56 20.54 110.49 149.26 9.98 13.51 Dec 15.11 136.41 21.05 110.79 149.47 9.04 14.06 Japan Nov 1.44 0.24 16.91 13.45 17.19 0.00 1.40 Dec 1.44 0.24 16.91 13.45 17.19 0.00 1.40 Mexico Nov 5.30 29.86 24.70 34.78 54.78 0.03 5.05 Dec 5.30 29.06 25.23 34.59 54.61 0.03 4.95 N. Afr & Mideast 7/ Nov 7.83 31.45 34.86 58.56 66.78 0.77 6.60 Dec 7.88 31.45 35.36 59.06 67.28 0.77 6.64 Saudi Arabia Nov 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Dec 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Southeast Asia 8/ Nov 3.24 31.31 20.41 42.40 51.35 0.56 3.03 Dec 3.36 30.91 20.41 41.90 51.25 0.56 2.86 South Korea Nov 1.96 0.16 11.90 9.53 12.02 0.00 2.01 Dec 1.96 0.16 11.90 9.53 12.02 0.00 2.01 China Nov 213.55 300.30 34.63 248.63 341.03 0.03 207.42 Dec 213.55 300.55 32.13 248.58 340.88 0.03 205.32 ================================================================================ WASDE - 655 - 22 December 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/ 314.04 1163.38 173.40 735.47 1172.76 180.34 304.66 World Less China 104.90 886.18 154.69 517.47 873.76 180.33 98.62 United States 34.98 346.74 0.98 139.35 305.93 42.22 34.55 Total Foreign 279.07 816.64 172.42 596.12 866.83 138.12 270.11 Major Exporters 4/ 19.40 233.93 1.45 91.01 120.34 115.97 18.47 Argentina 4.75 37.00 0.02 10.00 14.20 25.24 2.32 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/ 23.60 118.65 95.26 157.51 211.71 5.04 20.78 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.38 23.19 55.60 74.80 4.20 8.08 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/ 3.30 30.56 16.25 38.31 46.46 0.79 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/ 304.66 1229.63 197.13 772.78 1218.07 193.03 316.22 World Less China 98.62 940.78 173.72 547.78 911.07 193.02 104.93 United States 34.55 389.67 0.72 147.51 322.00 58.23 44.72 Total Foreign 270.11 839.96 196.41 625.27 896.08 134.80 271.50 Major Exporters 4/ 18.47 234.50 1.98 93.70 127.30 112.59 15.06 Argentina 2.32 50.00 0.02 11.00 15.25 33.00 4.09 Brazil 10.04 122.00 1.30 63.50 84.00 41.50 7.84 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.40 0.60 6.80 13.60 2.00 0.81 Ukraine 2.80 32.50 0.01 3.30 4.25 29.49 1.57 Major Importers 5/ 20.78 123.29 103.29 166.05 221.80 5.02 20.53 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.08 61.87 19.79 58.30 78.10 4.39 7.25 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.59 23.50 24.76 29.50 48.10 0.03 4.72 Southeast Asia 7/ 2.85 30.51 19.29 39.70 48.70 0.60 3.35 South Korea 1.90 0.09 11.55 9.25 11.60 0.00 1.94 Selected Other Canada 1.63 15.42 2.81 9.76 15.78 2.09 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 ================================================================================ WASDE - 655 - 23 December 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/ Nov 314.22 1219.40 183.41 776.50 1229.48 189.83 304.14 Dec 316.22 1217.89 183.92 779.36 1237.66 193.04 296.44 World Less China Nov 102.93 927.40 167.41 545.50 916.48 189.81 97.87 Dec 104.93 925.89 169.92 548.36 924.66 193.02 92.18 United States Nov 44.72 384.64 0.64 147.96 321.71 59.06 49.23 Dec 44.72 384.64 0.64 147.96 322.98 62.87 44.15 Total Foreign Nov 269.50 834.76 182.77 628.54 907.78 130.77 254.91 Dec 271.50 833.25 183.29 631.40 914.69 130.18 252.29 Major Exporters 4/ Nov 12.95 234.20 1.58 94.00 127.65 113.10 7.98 Dec 15.06 234.50 1.58 95.40 130.05 113.10 7.99 Argentina Nov 4.09 51.00 0.01 12.00 16.30 36.00 2.79 Dec 4.09 51.00 0.01 12.00 16.30 36.00 2.79 Brazil Nov 5.84 127.00 1.50 63.00 83.50 48.00 2.84 Dec 7.84 127.00 1.50 64.00 85.50 48.00 2.84 Russia Nov 0.76 13.00 0.05 9.10 10.20 3.30 0.31 Dec 0.76 13.00 0.05 9.10 10.20 3.30 0.31 South Africa Nov 0.81 17.00 0.00 6.80 13.60 2.80 1.41 Dec 0.81 17.00 0.00 6.80 13.60 2.80 1.41 Ukraine Nov 1.46 26.20 0.02 3.10 4.05 23.00 0.63 Dec 1.57 26.50 0.02 3.50 4.45 23.00 0.64 Major Importers 5/ Nov 20.62 121.77 102.80 166.20 221.80 3.89 19.50 Dec 20.53 119.77 103.80 166.20 222.10 3.09 18.91 Egypt Nov 1.41 7.00 8.20 12.80 15.30 0.00 1.31 Dec 1.43 7.00 8.20 12.80 15.30 0.00 1.33 European Union 6/ Nov 7.48 58.80 19.00 55.30 75.10 3.30 6.88 Dec 7.25 58.00 19.50 56.00 75.70 2.50 6.55 Japan Nov 1.30 0.02 15.50 12.20 15.55 0.00 1.27 Dec 1.30 0.02 15.50 12.20 15.55 0.00 1.27 Mexico Nov 4.72 24.50 24.00 30.00 48.70 0.03 4.49 Dec 4.72 23.70 24.50 29.80 48.50 0.03 4.39 Southeast Asia 7/ Nov 3.23 31.26 19.60 41.80 50.50 0.56 3.02 Dec 3.35 30.86 19.60 41.30 50.40 0.56 2.85 South Korea Nov 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Dec 1.94 0.10 11.80 9.50 11.85 0.00 1.99 Canada Nov 2.00 15.20 2.20 10.00 15.60 1.90 1.90 Dec 2.00 15.35 2.20 10.00 15.60 2.10 1.84 China Nov 211.29 292.00 16.00 231.00 313.00 0.02 206.27 Dec 211.29 292.00 14.00 231.00 313.00 0.02 204.27 ================================================================================ WASDE - 655 - 24 December 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/ 184.19 516.73 57.33 520.30 55.20 180.62 World Less China 71.19 370.78 52.94 365.31 53.46 74.02 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.93 511.65 56.06 515.70 53.14 179.66 Major Exporters 4/ 45.49 202.93 3.31 163.34 42.54 45.85 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 4.43 20.91 0.05 12.30 8.74 4.35 Vietnam 3.61 27.14 3.25 22.40 8.23 3.37 Major Importers 5/ 125.49 238.82 23.42 263.79 2.16 121.77 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.32 3.30 0.39 0.83 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.41 2.28 7.50 0.00 2.23 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/ 0.51 1.53 1.98 3.35 0.05 0.62 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/ 180.62 522.65 52.61 524.16 56.60 179.11 World Less China 74.02 378.03 51.09 376.04 54.97 76.11 United States 0.96 6.93 1.42 4.94 3.12 1.25 Total Foreign 179.66 515.71 51.20 519.21 53.48 177.86 Major Exporters 4/ 45.85 205.89 3.51 164.90 42.67 47.68 Burma 1.11 11.90 0.00 9.80 2.70 0.51 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.02 9.87 0.01 4.00 6.54 1.35 Thailand 4.35 20.00 0.10 12.30 10.00 2.15 Vietnam 3.37 26.30 3.40 22.40 9.00 1.67 Major Importers 5/ 121.77 237.33 20.20 258.54 2.02 118.74 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.44 2.10 3.25 0.36 0.76 Indonesia 4.70 33.02 4.10 36.10 0.00 5.72 Nigeria 2.23 5.61 1.89 7.55 0.00 2.17 Philippines 3.38 12.33 4.50 16.60 0.00 3.60 Sel. Mideast 7/ 1.27 2.02 4.61 6.58 0.00 1.32 Selected Other Brazil 0.62 7.20 1.10 7.20 1.00 0.72 C. Amer & Carib 8/ 0.62 1.51 1.87 3.26 0.05 0.68 Egypt 0.60 3.78 0.18 4.05 0.01 0.51 Japan 1.81 7.30 0.73 8.15 0.09 1.60 Mexico 0.09 0.15 0.85 0.99 0.01 0.10 South Korea 1.43 3.70 0.40 4.15 0.13 1.24 ================================================================================ WASDE - 655 - 25 December 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/ Nov 179.29 533.81 53.77 530.46 56.92 182.65 Dec 179.11 533.68 54.71 530.32 58.12 182.47 World Less China Nov 76.29 387.81 52.07 384.76 55.92 78.65 Dec 76.11 387.68 53.01 384.62 57.12 78.47 United States Nov 1.25 6.98 1.48 5.05 3.18 1.48 Dec 1.25 6.98 1.48 5.05 3.18 1.48 Total Foreign Nov 178.04 526.83 52.30 525.41 53.75 181.16 Dec 177.86 526.70 53.24 525.27 54.94 180.99 Major Exporters 4/ Nov 48.18 213.45 3.21 169.93 43.55 51.36 Dec 47.68 213.45 3.51 169.73 44.00 50.91 Burma Nov 0.71 11.85 0.01 10.10 1.70 0.77 Dec 0.51 11.85 0.01 10.00 1.50 0.87 India Nov 42.00 145.00 0.00 121.00 21.50 44.50 Dec 42.00 145.00 0.00 121.00 21.50 44.50 Pakistan Nov 1.60 10.00 0.00 4.10 5.50 2.00 Dec 1.35 10.00 0.00 4.10 5.50 1.75 Thailand Nov 2.35 20.10 0.10 12.40 7.50 2.65 Dec 2.15 20.10 0.10 12.30 7.70 2.35 Vietnam Nov 1.52 26.50 3.10 22.33 7.35 1.45 Dec 1.67 26.50 3.40 22.33 7.80 1.45 Major Importers 5/ Nov 118.42 239.62 19.65 258.00 1.45 118.25 Dec 118.74 239.28 20.10 258.13 1.45 118.55 China Nov 103.00 146.00 1.70 145.70 1.00 104.00 Dec 103.00 146.00 1.70 145.70 1.00 104.00 European Union 6/ Nov 0.70 1.72 2.20 3.35 0.40 0.86 Dec 0.76 1.67 2.20 3.35 0.40 0.88 Indonesia Nov 5.52 34.00 1.50 36.50 0.00 4.52 Dec 5.72 34.00 1.50 36.60 0.00 4.62 Nigeria Nov 2.14 5.23 2.10 7.60 0.00 1.86 Dec 2.17 5.23 2.20 7.60 0.00 2.00 Philippines Nov 3.60 12.30 5.00 17.20 0.00 3.70 Dec 3.60 12.00 5.30 17.20 0.00 3.70 Sel. Mideast 7/ Nov 1.29 2.28 4.65 6.90 0.00 1.32 Dec 1.32 2.28 4.70 6.93 0.00 1.37 Brazil Nov 0.72 7.50 0.90 7.20 1.10 0.82 Dec 0.72 8.00 0.90 7.30 1.30 1.02 C. Amer & Carib 8/ Nov 0.69 1.54 1.98 3.40 0.06 0.75 Dec 0.68 1.51 2.01 3.40 0.06 0.75 Egypt Nov 0.51 3.90 0.25 4.10 0.01 0.55 Dec 0.51 3.90 0.25 4.10 0.01 0.55 Japan Nov 1.60 7.35 0.69 8.00 0.09 1.55 Dec 1.60 7.35 0.69 8.00 0.09 1.55 Mexico Nov 0.11 0.16 0.86 1.01 0.01 0.12 Dec 0.10 0.16 0.86 1.01 0.01 0.11 South Korea Nov 1.21 3.66 0.44 3.95 0.13 1.24 Dec 1.24 3.59 0.44 3.95 0.13 1.19 ================================================================================ WASDE - 655 - 26 December 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 70.88 116.30 37.74 112.64 36.65 -0.27 75.90 World Less China 36.72 85.55 31.51 74.94 36.55 -0.27 42.55 United States 4.60 14.47 3/ 2.05 12.45 -0.08 4.65 Total Foreign 66.28 101.83 37.74 110.59 24.20 -0.19 71.25 Major Exporters 4/ 21.76 55.72 2.47 32.81 20.05 -0.20 27.28 Central Asia 5/ 2.73 5.50 0.10 3.53 1.12 0.00 3.69 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/ 42.77 42.93 32.86 73.77 3.01 0.02 41.77 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 34.17 30.75 6.23 37.70 0.09 0.00 33.36 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 75.90 112.98 44.01 114.33 44.61 -0.21 74.16 World Less China 42.55 85.63 29.03 75.83 44.54 -0.21 37.05 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.25 100.92 44.00 112.48 32.86 -0.18 71.01 Major Exporters 4/ 27.28 57.96 1.58 34.30 28.29 -0.18 24.40 Central Asia 5/ 3.69 5.03 0.05 3.84 1.67 0.00 3.25 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.34 22.03 0.15 4.22 19.25 -0.18 10.22 Australia 4.78 5.00 3/ 0.01 5.74 -0.18 4.20 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.62 39.96 74.10 2.99 0.00 44.27 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.50 0.06 0.00 37.12 European Union 9/ 0.39 1.04 0.48 0.51 1.14 0.00 0.26 Turkey 2.63 3.20 3.57 6.60 1.39 0.00 1.41 Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85 Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40 Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09 Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71 Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03 ================================================================================ WASDE - 655 - 27 December 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 Nov 74.59 116.18 42.15 115.22 42.18 -0.23 75.75 Dec 74.16 117.39 42.25 115.79 42.26 -0.27 76.02 World Less China Nov 37.47 87.98 33.15 77.22 42.10 -0.23 39.51 Dec 37.05 89.19 33.75 78.29 42.18 -0.27 39.77 United States Nov 3.15 14.19 0.01 1.80 11.30 -0.05 4.30 Dec 3.15 14.26 0.01 1.80 11.30 -0.09 4.40 Total Foreign Nov 71.44 101.99 42.15 113.42 30.88 -0.18 71.45 Dec 71.01 103.13 42.25 113.99 30.96 -0.18 71.62 Major Exporters 4/ Nov 24.86 58.67 3.07 34.65 26.79 -0.18 25.34 Dec 24.40 59.82 3.07 35.17 26.92 -0.18 25.38 Central Asia 5/ Nov 3.21 5.17 0.10 4.07 1.39 0.00 3.03 Dec 3.25 5.17 0.10 4.07 1.39 0.00 3.07 Afr. Fr. Zone 6/ Nov 1.29 4.81 3/ 0.10 4.65 0.00 1.36 Dec 1.29 4.71 3/ 0.10 4.58 0.00 1.33 S. Hemis. 7/ Nov 10.22 24.11 0.15 4.34 18.96 -0.18 11.36 Dec 10.22 24.36 0.15 4.36 19.16 -0.18 11.38 Australia Nov 4.20 5.00 3/ 0.01 5.40 -0.18 3.97 Dec 4.20 5.00 3/ 0.01 5.40 -0.18 3.97 Brazil Nov 3.11 16.80 0.01 3.30 12.30 0.00 4.32 Dec 3.11 16.90 0.01 3.30 12.50 0.00 4.22 India Nov 9.80 24.00 2.30 25.50 1.30 0.00 9.30 Dec 9.30 25.00 2.30 26.00 1.30 0.00 9.30 Major Importers 8/ Nov 44.27 39.94 36.41 74.49 2.35 0.00 43.78 Dec 44.27 39.94 36.43 74.46 2.30 0.00 43.88 Mexico Nov 0.24 0.83 0.93 1.55 0.20 0.00 0.24 Dec 0.24 0.83 0.83 1.50 0.15 0.00 0.24 China Nov 37.12 28.20 9.00 38.00 0.08 0.00 36.24 Dec 37.12 28.20 8.50 37.50 0.08 0.00 36.24 European Union 9/ Nov 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Dec 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Turkey Nov 1.41 4.00 4.30 7.10 0.80 0.00 1.81 Dec 1.41 4.00 4.30 7.10 0.80 0.00 1.81 Pakistan Nov 1.85 5.50 4.00 9.50 0.05 0.00 1.80 Dec 1.85 5.50 4.50 9.90 0.05 0.00 1.90 Indonesia Nov 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Dec 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Nov 0.09 3/ 0.40 0.42 0.00 0.00 0.08 Dec 0.09 3/ 0.43 0.44 0.00 0.00 0.08 Bangladesh Nov 1.71 0.15 7.70 7.80 0.00 0.00 1.76 Dec 1.71 0.15 7.70 7.80 0.00 0.00 1.76 Vietnam Nov 1.03 3/ 6.90 6.90 0.00 0.00 1.04 Dec 1.03 3/ 7.00 7.00 0.00 0.00 1.04 ================================================================================ WASDE - 655 - 28 December 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/ 92.90 378.16 167.89 315.04 366.09 171.75 101.10 World Less China 67.75 357.88 63.39 219.04 248.59 171.66 68.76 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.43 261.94 167.22 254.84 302.80 117.88 93.91 Major Exporters 3/ 51.49 197.95 9.25 87.23 97.45 106.96 54.29 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 10.25 0.01 3.45 3.58 6.50 0.37 Major Importers 4/ 27.77 23.80 135.67 123.47 152.39 0.33 34.52 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 8.68 0.01 0.68 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 101.10 394.87 177.66 330.93 383.99 177.47 112.16 World Less China 68.76 374.03 65.66 231.93 262.19 177.40 68.85 United States 7.19 113.27 0.57 62.24 65.59 46.13 9.31 Total Foreign 93.91 281.60 177.09 268.69 318.40 131.34 102.85 Major Exporters 3/ 54.29 215.41 8.68 94.35 105.70 120.18 52.50 Argentina 17.00 48.21 7.79 36.55 43.80 5.11 24.08 Brazil 36.82 153.00 0.87 54.70 58.55 104.17 27.97 Paraguay 0.37 11.00 0.02 3.00 3.10 8.10 0.19 Major Importers 4/ 34.52 24.69 143.98 126.78 157.27 0.35 45.57 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.10 2.95 13.45 14.50 16.12 0.25 1.13 Southeast Asia 5/ 0.68 0.47 8.97 4.40 9.41 0.02 0.70 Mexico 0.22 0.19 6.46 6.53 6.59 0.01 0.27 2024/25 Proj. World 2/ Nov 112.42 425.40 177.91 346.15 402.28 181.71 131.74 Dec 112.16 427.14 178.18 347.42 403.64 181.97 131.87 World Less China Nov 69.11 404.70 68.91 243.15 275.38 181.61 85.73 Dec 68.85 406.44 69.18 244.42 276.74 181.87 85.86 United States Nov 9.31 121.42 0.41 65.59 68.67 49.67 12.80 Dec 9.31 121.42 0.41 65.59 68.67 49.67 12.80 Total Foreign Nov 103.11 303.99 177.50 280.56 333.61 132.04 118.95 Dec 102.85 305.72 177.77 281.83 334.97 132.31 119.07 Major Exporters 3/ Nov 52.49 234.30 6.18 97.60 109.63 120.10 63.25 Dec 52.50 235.30 6.18 98.60 110.63 120.10 63.25 Argentina Nov 24.08 51.00 6.00 40.00 47.60 4.50 28.98 Dec 24.08 52.00 6.00 41.00 48.60 4.50 28.98 Brazil Nov 27.96 169.00 0.15 54.00 58.10 105.50 33.51 Dec 27.97 169.00 0.15 54.00 58.10 105.50 33.52 Paraguay Nov 0.19 11.20 0.02 3.50 3.68 7.30 0.43 Dec 0.19 11.20 0.02 3.50 3.68 7.30 0.43 Major Importers 4/ Nov 45.72 24.52 143.54 132.14 163.99 0.42 49.38 Dec 45.57 24.47 143.54 132.14 163.99 0.42 49.18 China Nov 43.31 20.70 109.00 103.00 126.90 0.10 46.01 Dec 43.31 20.70 109.00 103.00 126.90 0.10 46.01 European Union Nov 1.28 2.90 14.60 15.20 16.97 0.30 1.51 Dec 1.13 2.85 14.60 15.20 16.97 0.30 1.31 Southeast Asia 5/ Nov 0.71 0.46 9.89 4.75 9.84 0.01 1.20 Dec 0.70 0.46 9.89 4.75 9.83 0.01 1.20 Mexico Nov 0.26 0.21 6.70 6.65 6.71 0.00 0.46 Dec 0.27 0.21 6.70 6.65 6.71 0.00 0.47 ================================================================================ WASDE - 655 - 29 December 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/ 16.51 247.46 63.38 246.88 67.07 13.40 World Less China 15.80 171.43 63.34 171.83 66.28 12.46 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 16.23 199.84 62.81 211.94 53.88 13.07 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/ 2.32 21.57 36.77 57.95 0.98 1.72 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/ 1.41 3.05 17.55 20.73 0.24 1.05 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.40 259.86 69.34 253.84 74.43 14.33 World Less China 12.46 181.45 69.30 176.69 73.00 13.53 United States 0.34 49.12 0.62 35.06 14.61 0.41 Total Foreign 13.07 210.74 68.71 218.79 59.82 13.91 Major Exporters 3/ 5.66 79.67 0.05 30.53 49.58 5.27 Argentina 2.31 28.51 0.00 3.45 24.89 2.48 Brazil 3.15 42.12 0.02 20.00 22.72 2.57 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.72 21.82 37.81 58.34 0.93 2.08 European Union 0.49 11.46 16.53 26.94 0.65 0.87 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 1.05 3.43 17.53 20.74 0.27 1.00 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Proj. World 2/ Nov 14.40 271.49 71.26 266.18 74.67 16.29 Dec 14.33 272.48 71.91 266.60 75.37 16.74 World Less China Nov 13.60 189.91 71.21 185.63 73.67 15.42 Dec 13.53 190.91 71.86 186.05 74.37 15.87 United States Nov 0.41 51.48 0.61 36.31 15.79 0.41 Dec 0.41 51.48 0.61 36.31 15.79 0.41 Total Foreign Nov 13.98 220.01 70.65 229.87 58.89 15.88 Dec 13.91 221.00 71.29 230.29 59.59 16.34 Major Exporters 3/ Nov 5.27 81.58 0.07 32.08 49.10 5.75 Dec 5.27 82.36 0.07 32.06 49.80 5.84 Argentina Nov 2.48 31.20 0.01 3.53 27.30 2.87 Dec 2.48 31.98 0.01 3.53 28.00 2.95 Brazil Nov 2.56 41.58 0.01 21.00 20.50 2.65 Dec 2.57 41.58 0.01 21.00 20.50 2.66 India Nov 0.24 8.80 0.05 7.55 1.30 0.24 Dec 0.22 8.80 0.05 7.54 1.30 0.24 Major Importers 4/ Nov 2.05 22.88 39.63 60.92 1.19 2.44 Dec 2.08 22.87 39.93 60.98 1.19 2.71 European Union Nov 0.80 12.01 16.20 27.44 0.90 0.66 Dec 0.87 12.01 16.50 27.59 0.90 0.89 Mexico Nov 0.19 5.26 2.20 7.43 0.00 0.22 Dec 0.16 5.26 2.20 7.33 0.00 0.28 Southeast Asia 5/ Nov 1.01 3.71 19.43 22.37 0.29 1.49 Dec 1.00 3.70 19.43 22.37 0.29 1.47 China Nov 0.79 81.58 0.05 80.55 1.00 0.87 Dec 0.79 81.58 0.05 80.55 1.00 0.87 ================================================================================ WASDE - 655 - 30 December 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/ 5.11 59.57 10.81 58.75 11.71 5.03 World Less China 4.72 42.36 10.42 41.75 11.60 4.15 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.67 10.64 46.68 11.54 4.30 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 6.28 25.34 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 0.74 1.24 1.95 0.07 0.20 2023/24 Est. World 2/ 5.03 62.74 10.45 61.15 11.77 5.30 World Less China 4.15 45.00 10.07 43.00 11.67 4.56 United States 0.73 12.31 0.28 12.36 0.28 0.68 Total Foreign 4.30 50.44 10.17 48.79 11.49 4.62 Major Exporters 3/ 1.46 21.51 0.67 13.82 8.08 1.74 Argentina 0.32 7.24 0.00 1.71 5.53 0.32 Brazil 0.49 10.94 0.08 9.45 1.35 0.71 European Union 0.56 2.76 0.59 2.58 0.66 0.67 Major Importers 4/ 1.69 21.07 5.33 26.12 0.26 1.71 China 0.87 17.74 0.38 18.15 0.10 0.74 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.20 0.93 1.07 1.86 0.14 0.19 2024/25 Proj. World 2/ Nov 5.10 65.49 11.21 64.73 12.10 4.97 Dec 5.30 65.86 11.79 65.27 12.65 5.03 World Less China Nov 4.36 47.03 10.81 45.93 12.00 4.27 Dec 4.56 47.40 11.29 46.37 12.55 4.33 United States Nov 0.68 12.85 0.23 12.79 0.27 0.70 Dec 0.68 12.98 0.23 12.70 0.50 0.68 Total Foreign Nov 4.42 52.63 10.98 51.94 11.82 4.27 Dec 4.62 52.88 11.56 52.57 12.15 4.34 Major Exporters 3/ Nov 1.83 22.28 0.57 14.49 8.53 1.65 Dec 1.74 22.48 0.69 14.62 8.88 1.41 Argentina Nov 0.32 7.93 0.00 2.36 5.60 0.29 Dec 0.32 8.13 0.00 2.36 5.80 0.29 Brazil Nov 0.81 10.80 0.04 9.53 1.40 0.73 Dec 0.71 10.80 0.04 9.53 1.55 0.48 European Union Nov 0.66 2.89 0.53 2.53 0.95 0.60 Dec 0.67 2.89 0.65 2.66 0.95 0.60 Major Importers 4/ Nov 1.51 21.90 5.90 27.79 0.21 1.32 Dec 1.71 21.93 6.20 28.12 0.21 1.52 China Nov 0.74 18.46 0.40 18.80 0.10 0.70 Dec 0.74 18.46 0.50 18.90 0.10 0.70 India Nov 0.54 1.98 3.60 5.78 0.02 0.33 Dec 0.75 1.98 3.80 6.00 0.02 0.51 North Africa 5/ Nov 0.20 1.07 1.25 2.20 0.08 0.25 Dec 0.19 1.10 1.25 2.20 0.08 0.27 ================================================================================ WASDE - 655 - 31 December 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 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 11654 1306 13105 26628 2240 57.4 III 6780 6775 13597 12003 1282 13435 27032 2249 56.1 IV* 6930 7240 14214 12100 1290 13530 27744 2275 55.9 NovProj. 27025 27858 55056 47184 5122 52874 107930 9060 226.0 DecProj. 27035 27823 55032 47187 5147 52904 107936 9031 226.3 2025 I* 6625 7015 13684 11800 1255 13200 26884 2265 56.9 II* 6650 6805 13498 11825 1280 13250 26748 2300 58.1 III* 6350 6970 13362 12200 1300 13650 27012 2350 56.7 NovProj. 26280 28400 54854 47850 5165 53600 108454 9430 227.7 DecProj. 25665 28370 54208 47925 5145 53655 107863 9310 228.0 ================================================================================ 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 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 189.26 63.71 127.4 93.3 317.2 23.97 IV* 188.00 62.00 130.0 97.0 395.0 24.40 NovProj. 186.68 61.05 129.4 94.0 285.7 22.75 DecProj. 186.68 61.55 129.4 94.5 299.5 22.65 2025 I* 188.00 60.00 131.0 95.0 295.0 22.70 II* 189.00 65.00 132.0 97.0 225.0 22.30 III* 192.00 68.00 128.0 103.0 190.0 22.10 NovProj. 188 59 130 100 200 22.85 DecProj. 191 62 130 101 230 22.55 ================================================================================ WASDE - 655 - 32 December 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. Nov 638 27092 4508 32237 2960 610 28667 59.5 Dec 638 27102 4588 32327 2960 620 28747 59.7 2025 Proj. Nov 610 26347 4515 31472 2700 580 28192 58.2 Dec 620 25732 4710 31062 2595 580 27887 57.6 Pork 2023 504 27318 1142 28965 6824 471 21670 50.2 2024 Proj. Nov 471 27873 1167 29512 7153 445 21914 50.5 Dec 471 27838 1152 29462 7118 435 21909 50.5 2025 Proj. Nov 445 28415 1190 30050 7355 445 22250 51.0 Dec 435 28385 1140 29960 7325 430 22205 50.9 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 109.5 2024 Proj. Nov 1130 55148 6032 62310 10118 1081 51111 111.4 Dec 1130 55124 6097 62351 10083 1080 51188 111.6 2025 Proj. Nov 1081 54946 6060 62086 10060 1046 50981 110.6 Dec 1080 54299 6205 61584 9925 1031 50628 109.9 Broiler 2023 892 45890 131 46914 7260 835 38819 99.5 2024 Proj. Nov 835 46679 149 47663 6717 780 40167 102.4 Dec 835 46682 147 47664 6742 790 40133 102.3 2025 Proj. Nov 780 47338 140 48258 6780 790 40688 103.1 Dec 790 47412 140 48342 6795 790 40757 103.3 Turkey 2023 190 5457 35 5682 490 243 4949 14.8 2024 Proj. Nov 243 5122 37 5403 502 200 4701 13.9 Dec 243 5147 37 5428 502 200 4726 14.0 2025 Proj. Nov 200 5165 32 5397 530 210 4657 13.7 Dec 200 5145 32 5377 530 210 4637 13.7 Total Poultry6/ 2023 1087 51934 170 53192 7770 1085 44337 115.9 2024 Proj. Nov 1085 52368 191 53644 7241 985 45419 118.0 Dec 1085 52398 189 53672 7265 995 45413 118.0 2025 Proj. Nov 985 53087 178 54250 7330 1006 45914 118.6 Dec 995 53142 178 54314 7345 1006 45963 118.7 RedMeat& Poultry 2023 2343 106474 5323 114140 17637 2215 94287 225.4 2024 Proj. Nov 2215 107516 6223 115954 17359 2065 96530 229.4 Dec 2215 107522 6286 116023 17348 2074 96601 229.5 2025 Proj. Nov 2065 108033 6238 116336 17390 2052 96895 229.2 Dec 2074 107441 6383 115898 17270 2037 96591 228.6 ================================================================================ WASDE - 655 - 33 December 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Nov Dec Nov Dec ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 19.5 19.0 Production 9116.6 9142.4 9060.2 9030.6 9430.0 9310.0 Imports 26.0 27.5 28.6 30.1 30.0 30.0 Total Supply 9161.7 9188.6 9111.9 9083.8 9479.5 9359.0 Use Exports 226.6 250.5 246.5 238.5 264.0 248.0 Hatching Use 1117.3 1112.5 1147.2 1147.3 1135.0 1135.0 Ending Stocks 18.8 23.1 19.5 19.0 22.0 22.0 Disappearance Total 7799.1 7802.6 7698.6 7679.0 8058.5 7954.0 Per Capita (number) 280.6 279.3 274.1 273.5 285.4 281.7 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity Nov Dec Nov Dec ================================================================================ Billion Pounds Milk Production 226.4 226.4 226.0 226.3 227.7 228.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.8 13.7 Marketings 225.4 225.4 225.0 225.3 226.7 227.0 Imports 7.1 7.4 9.3 9.2 9.0 9.1 Total Supply 246.8 247.1 248.0 248.2 249.5 249.9 FatBasisUse Exports 12.8 10.5 11.6 11.7 11.6 11.7 Ending Stocks 14.4 13.8 13.8 13.7 13.6 13.0 Domestic Use 219.6 222.9 222.6 222.9 224.2 225.1 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 9.7 9.8 Marketings 225.4 225.4 225.0 225.3 226.7 227.0 Imports 6.7 6.3 6.9 6.8 7.3 7.4 Total Supply 243.2 243.3 241.8 242.0 243.7 244.2 Skim-solidBasisUse Exports 52.9 49.9 49.5 49.4 49.9 49.5 Ending Stocks 11.7 9.9 9.7 9.8 9.9 9.7 Domestic Use 178.7 183.6 182.6 182.8 183.9 185.1 ================================================================================ WASDE - 655 - 34 December 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity Nov Dec Nov Dec ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.885 1.865 1.895 1.800 Butter 2.8665 2.6170 2.895 2.890 2.755 2.685 Nonfat Dry Milk 1.6851 1.1856 1.240 1.240 1.260 1.300 Dry Whey 0.6057 0.3618 0.485 0.490 0.520 0.595 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 19.05 18.90 19.30 18.80 Class IV 24.47 19.12 20.75 20.75 20.30 20.40 All Milk 3/ 25.34 20.34 22.75 22.65 22.85 22.55 ================================================================================ WASDE - 655 - 35 December 2024 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 1.3 3.9 0.4 10.2 32 11 U.S. 0.4 0.7 0.2 0.0 1.2 21 15 Foreign 0.9 1.5 3.9 0.3 10.3 32 11 Exports World 5.2 8.7 5.8 0.1 18.3 34 9 U.S. 5.6 9.4 1.4 0.2 3.9 21 22 Foreign 6.3 10.6 5.7 0.5 17.9 37 6 Domestic Use World 1.3 2.1 5.8 0.1 24.4 25 18 U.S. 5.7 9.6 1.5 0.1 3.6 11 32 Foreign 1.3 2.2 5.9 0.1 24.6 29 14 Ending Stocks World 5.5 9.2 7.4 0.9 28.6 31 12 U.S. 10.2 17.2 1.7 0.1 7.0 30 13 Foreign 5.6 9.4 6.2 0.4 28.1 30 13 COARSE GRAINS 2/ Production World 1.4 2.3 11.9 0.0 36.0 31 12 U.S. 1.3 2.2 2.6 0.0 9.9 20 23 Foreign 2.0 3.3 11.7 0.0 37.5 31 12 Exports World 6.4 10.7 6.1 0.1 33.3 29 14 U.S. 15.2 25.6 5.5 0.1 12.8 20 23 Foreign 11.3 19.1 6.9 0.0 27.1 27 15 Domestic Use World 1.2 2.0 9.8 0.3 36.5 25 18 U.S. 3.4 5.7 4.8 0.1 17.9 20 23 Foreign 1.4 2.4 9.4 0.1 36.9 26 17 Ending Stocks World 10.6 17.9 14.1 0.2 137.6 36 7 U.S. 19.0 32.0 7.2 0.7 23.9 22 21 Foreign 13.8 23.3 13.1 0.1 143.9 35 8 RICE, milled Production World 1.9 3.2 5.7 0.0 16.2 35 8 U.S. 2.8 4.7 0.1 0.0 0.5 20 18 Foreign 1.9 3.2 5.7 0.1 16.2 36 7 Exports World 9.1 15.3 2.0 0.1 6.3 33 10 U.S. 8.0 13.4 0.2 0.0 0.6 20 21 Foreign 10.2 17.1 2.0 0.0 6.5 31 12 Domestic Use World 1.5 2.5 3.7 0.0 15.9 30 13 U.S. 7.6 12.8 0.2 0.0 0.6 23 20 Foreign 1.5 2.5 3.6 0.0 16.1 30 13 Ending Stocks World 10.2 17.1 5.8 0.1 27.9 35 8 U.S. 20.8 35.1 0.2 0.0 0.8 22 21 Foreign 10.4 17.6 5.9 0.2 27.7 35 8 ================================================================================ WASDE - 655 - 36 December 2024 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 6.4 6.2 0.1 26.2 22 21 U.S. 2.0 3.3 1.2 0.1 4.7 19 24 Foreign 6.2 10.5 6.2 0.1 27.3 19 24 Exports World 6.8 11.5 3.9 0.1 18.3 26 17 U.S. 8.7 14.7 2.2 0.1 6.4 24 19 Foreign 16.9 28.5 3.8 0.0 21.3 22 21 Domestic Use World 2.8 4.6 4.5 0.0 16.7 22 21 U.S. 3.4 5.7 1.2 0.0 3.6 27 16 Foreign 3.3 5.6 4.1 0.2 15.1 23 20 Ending Stocks World 14.7 24.8 4.5 0.1 18.5 23 20 U.S. 42.4 71.3 2.1 0.2 7.3 14 29 Foreign 16.2 27.2 4.1 0.1 18.3 24 19 COTTON Production World 3.1 5.2 2.3 0.0 7.2 25 17 U.S. 2.6 4.4 0.3 0.0 1.3 19 23 Foreign 3.6 6.1 2.2 0.0 7.1 24 18 Exports World 7.4 12.5 2.1 0.1 9.0 25 18 U.S. 13.1 22.0 0.9 0.0 3.0 26 17 Foreign 9.7 16.3 1.6 0.0 8.3 22 20 Domestic Use World 4.0 6.7 2.7 0.1 18.2 21 22 U.S. 8.5 14.3 0.3 0.0 1.0 20 22 Foreign 4.0 6.7 2.6 0.1 17.4 23 20 Ending Stocks World 11.1 18.8 4.8 0.1 19.3 23 20 U.S. 29.4 49.6 1.0 0.1 3.2 15 28 Foreign 11.7 19.7 4.5 0.1 17.5 27 16 ================================================================================ WASDE - 655 - 37 December 2024 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 2.2 97 0 396 21 21 Exports 15.8 26.6 196 9 513 19 24 Domestic Use 3.6 6.0 181 14 574 25 18 Ending Stocks 21.6 36.4 281 16 986 22 21 SORGHUM Production 5.6 9.5 15 1 53 21 22 Exports 19.1 32.1 29 0 123 27 15 Domestic Use 20.5 34.5 35 0 127 17 25 Ending Stocks 45.2 76.2 23 0 104 17 25 BARLEY Production 1.5 2.6 3 0 24 21 10 Exports 43.7 73.5 8 0 37 16 23 Domestic Use 8.1 13.6 16 0 70 17 25 Ending Stocks 14.6 24.6 13 0 39 28 13 OATS Production 1.1 1.8 2 0 18 8 9 Exports 68.0 114.6 1 0 7 11 10 Domestic Use 5.3 8.9 11 0 39 15 27 Ending Stocks 19.3 32.6 12 1 52 28 15 Thousand Short Tons SOYBEAN MEAL Production 3.4 5.6 994 9 3117 25 18 Exports 10.7 18.0 725 100 2850 25 18 Domestic Use 3.1 5.3 717 50 2293 22 21 Ending Stocks 32.5 54.7 62 0 253 18 23 Million Pounds SOYBEAN OIL Production 3.3 5.6 441 43 1530 29 14 Exports 40.7 68.6 370 0 1325 23 18 Domestic Use 3.6 6.1 469 25 1761 27 16 Ending Stocks 20.8 35.0 288 1 1051 26 17 ANIMAL PROD. 3/ Million Pounds Beef 3.5 5.9 731 9 2311 30 12 Pork 3.1 5.2 420 20 1592 22 20 Broilers 1.7 2.8 406 1 1346 25 17 Turkeys 3.3 5.6 134 2 452 21 21 Million Dozen Eggs 2.1 3.6 127 3 515 26 16 Billion Pounds Milk 1.5 2.5 1.8 0.1 6.1 22 20 ================================================================================