WASDE - 638 - 8 July 2023 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2021/22 2799.78 3594.33 513.32 2802.23 792.10 2022/23 (Est.) 2745.50 3537.60 488.26 2771.31 766.29 2023/24 (Proj.) Jun 2833.97 3599.05 506.34 2818.07 780.98 Jul 2830.81 3597.10 506.37 2820.44 776.67 Wheat 2021/22 781.05 1065.12 202.85 792.52 272.60 2022/23 (Est.) 790.20 1062.80 217.17 793.49 269.31 2023/24 (Proj.) Jun 800.19 1066.85 212.62 796.14 270.71 Jul 796.67 1065.98 211.62 799.45 266.53 Coarse Grains 5/ 2021/22 1504.99 1828.14 253.56 1491.08 337.06 2022/23 (Est.) 1442.81 1779.87 215.53 1456.45 323.42 2023/24 (Proj.) Jun 1513.29 1838.21 237.91 1498.16 340.05 Jul 1513.38 1836.80 238.32 1497.08 339.72 Rice, milled 2021/22 513.74 701.07 56.90 518.63 182.44 2022/23 (Est.) 512.49 694.93 55.57 521.37 173.56 2023/24 (Proj.) Jun 520.49 693.99 55.81 523.77 170.21 Jul 520.77 694.33 56.43 523.91 170.42 United States Total Grains 4/ 2021/22 448.60 513.41 94.82 360.73 57.85 2022/23 (Est.) 408.46 473.76 66.92 352.23 54.60 2023/24 (Proj.) Jun 453.45 517.54 81.49 359.39 76.66 Jul 458.24 520.19 82.19 360.57 77.42 Wheat 2021/22 44.80 70.42 21.66 29.76 19.01 2022/23 (Est.) 44.90 67.23 20.65 30.79 15.79 2023/24 (Proj.) Jun 45.32 65.28 19.73 30.26 15.28 Jul 47.33 66.66 19.73 30.81 16.12 Coarse Grains 5/ 2021/22 397.71 434.32 70.52 326.22 37.58 2022/23 (Est.) 358.47 398.95 44.27 316.68 38.00 2023/24 (Proj.) Jun 402.01 444.06 59.41 324.23 60.41 Jul 404.53 445.13 59.92 324.84 60.37 Rice, milled 2021/22 6.08 8.67 2.65 4.76 1.26 2022/23 (Est.) 5.09 7.58 2.00 4.76 0.81 2023/24 (Proj.) Jun 6.12 8.20 2.35 4.89 0.96 Jul 6.38 8.40 2.54 4.92 0.94 ================================================================================ WASDE - 638 - 9 July 2023 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2021/22 2351.18 3080.92 418.49 2441.50 734.25 2022/23 (Est.) 2337.04 3063.84 421.34 2419.08 711.69 2023/24 (Proj.) Jun 2380.52 3081.51 424.85 2458.69 704.32 Jul 2372.57 3076.92 424.18 2459.86 699.24 Wheat 2021/22 736.24 994.70 181.20 762.76 253.60 2022/23 (Est.) 745.30 995.57 196.52 762.70 253.52 2023/24 (Proj.) Jun 754.87 1001.57 192.89 765.87 255.43 Jul 749.34 999.32 191.89 768.64 250.41 Coarse Grains 5/ 2021/22 1107.28 1393.82 183.05 1164.86 299.48 2022/23 (Est.) 1084.34 1380.92 171.25 1139.77 285.42 2023/24 (Proj.) Jun 1111.28 1394.16 178.50 1173.93 279.64 Jul 1108.85 1391.67 178.40 1172.23 279.36 Rice, milled 2021/22 507.66 692.40 54.25 513.88 181.17 2022/23 (Est.) 507.40 687.35 53.57 516.61 172.75 2023/24 (Proj.) Jun 514.37 685.78 53.46 518.88 169.25 Jul 514.39 685.92 53.89 518.99 169.48 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2021/22 115.66 201.97 42.86 116.00 86.04 2022/23 (Est.) 117.97 204.00 37.56 109.77 93.95 2023/24 (Proj.) Jun 116.72 209.61 43.75 117.00 92.79 Jul 116.84 210.79 43.51 116.45 94.52 United States 2021/22 17.52 20.68 14.48 2.55 3.75 2022/23 (Est.) 14.47 18.22 12.90 2.05 3.25 2023/24 (Proj.) Jun 16.50 19.71 14.00 2.20 3.50 Jul 16.50 19.76 13.75 2.20 3.80 Foreign 4/ 2021/22 98.13 181.30 28.38 113.45 82.29 2022/23 (Est.) 103.50 185.78 24.66 107.72 90.70 2023/24 (Proj.) Jun 100.22 189.90 29.75 114.80 89.29 Jul 100.34 191.04 29.76 114.25 90.72 ================================================================================ WASDE - 638 - 10 July 2023 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2021/22 611.07 726.76 178.86 510.73 117.84 2022/23 (Est.) 629.52 747.36 200.64 521.13 120.96 2023/24 (Proj.) Jun 671.38 789.78 200.30 541.88 140.20 Jul 667.32 788.29 197.90 541.83 138.17 Oilmeals 2021/22 349.68 368.72 96.19 346.86 19.52 2022/23 (Est.) 354.83 374.34 96.19 354.94 15.87 2023/24 (Proj.) Jun 370.77 386.78 98.67 364.92 18.32 Jul 370.24 386.12 99.47 364.50 18.02 Vegetable Oils 2021/22 207.85 236.74 79.40 202.72 29.15 2022/23 (Est.) 216.70 245.85 87.12 211.07 30.23 2023/24 (Proj.) Jun 222.78 252.98 88.37 217.87 30.34 Jul 223.27 253.50 88.46 218.05 30.55 United States Oilseeds 2021/22 131.35 141.17 59.55 63.87 9.14 2022/23 (Est.) 125.93 136.60 54.77 64.60 8.63 2023/24 (Proj.) Jun 133.20 142.42 54.82 67.21 11.33 Jul 127.65 137.52 51.50 66.93 9.96 Oilmeals 2021/22 49.27 53.23 12.46 40.42 0.35 2022/23 (Est.) 50.12 54.70 12.93 41.37 0.40 2023/24 (Proj.) Jun 51.81 56.39 13.67 42.26 0.45 Jul 51.62 56.21 13.67 42.08 0.45 Vegetable Oils 2021/22 13.06 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.26 20.68 0.35 19.05 1.29 2023/24 (Proj.) Jun 13.71 21.28 0.45 19.58 1.26 Jul 13.65 21.33 0.38 19.72 1.23 Foreign 3/ Oilseeds 2021/22 479.72 585.59 119.30 446.86 108.70 2022/23 (Est.) 503.59 610.76 145.87 456.53 112.34 2023/24 (Proj.) Jun 538.17 647.36 145.47 474.67 128.87 Jul 539.67 650.77 146.41 474.90 128.21 Oilmeals 2021/22 300.41 315.49 83.73 306.44 19.16 2022/23 (Est.) 304.71 319.64 83.26 313.58 15.47 2023/24 (Proj.) Jun 318.96 330.40 85.00 322.66 17.87 Jul 318.62 329.91 85.80 322.42 17.57 Vegetable Oils 2021/22 194.79 217.11 78.35 185.42 27.87 2022/23 (Est.) 203.44 225.17 86.77 192.03 28.94 2023/24 (Proj.) Jun 209.07 231.70 87.92 198.29 29.09 Jul 209.62 232.17 88.08 198.33 29.32 ================================================================================ WASDE - 638 - 11 July 2023 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Acres Area Planted 46.7 45.7 49.9* 49.6 Area Harvested 37.1 35.5 37.1* 37.7 Bushels Yield per Harvested Acre 44.3 46.5 44.9* 46.1 Million Bushels Beginning Stocks 845 698 598 580 Production 1646 1650 1665 1739 Imports 96 122 135 130 Supply, Total 2588 2470 2399 2449 Food 972 975 977 977 Seed 58 70 65 65 Feed and Residual 64 86 70 90 Domestic, Total 1093 1131 1112 1132 Exports 796 759 725 725 Use, Total 1889 1890 1837 1857 Ending Stocks 698 580 562 592 Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.70 7.50 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1650 Imports 5 56 4 7 51 122 Supply, Total 3/ 911 648 439 333 139 2470 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 53 -10 64 -20 0 86 Domestic Use 455 276 242 71 88 1131 Exports 224 214 107 190 23 759 Use, Total 679 490 349 261 111 1890 Ending Stocks, Total 232 158 90 72 28 580 2023/24 (Proj.) Beginning Stocks 232 158 90 72 28 580 Production 577 441 422 245 54 1739 Imports 15 55 5 5 50 130 Supply, Total 3/ 824 654 517 322 132 2449 Food 365 276 166 85 85 977 Seed 27 18 12 6 2 65 Feed and Residual 15 0 75 0 0 90 Domestic Use 407 294 253 91 87 1132 Exports 190 205 135 170 25 725 Use, Total 597 499 388 261 112 1857 Ending Stocks, Total Jul 227 155 129 61 20 592 Jun NA NA NA NA NA NA ================================================================================ WASDE - 638 - 12 July 2023 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Acres FEED GRAINS Area Planted 105.8 100.4 103.6* 106.8* Area Harvested 94.4 87.1 92.6* 95.6* Metric Tons Yield per Harvested Acre 4.21 4.11 4.34 4.23 Million Metric Tons Beginning Stocks 34.0 37.6 39.4 38.0 Production 397.5 358.2 401.7 404.2 Imports 2.3 2.6 2.3 2.3 Supply, Total 433.8 398.3 443.5 444.5 Feed and Residual 148.6 141.6 147.3 147.6 Food, Seed & Industrial 177.1 174.4 176.5 176.6 Domestic, Total 325.7 316.1 323.7 324.2 Exports 70.5 44.3 59.4 59.9 Use, Total 396.2 360.3 383.1 384.1 Ending Stocks 37.6 38.0 60.4 60.3 Million Acres CORN Area Planted 93.3 88.6 92.0* 94.1* Area Harvested 85.3 79.2 84.1* 86.3* Bushels Yield per Harvested Acre 176.7 173.3 181.5* 177.5* Million Bushels Beginning Stocks 1235 1377 1452 1402 Production 15074 13730 15265 15320 Imports 24 25 25 25 Supply, Total 16333 15132 16742 16747 Feed and Residual 5719 5425 5650 5650 Food,Seed& Industrial 2/ 6764 6655 6735 6735 Ethanol & by-products 3/ 5326 5225 5300 5300 Domestic, Total 12483 12080 12385 12385 Exports 2472 1650 2100 2100 Use, Total 14956 13730 14485 14485 Ending Stocks 1377 1402 2257 2262 Avg.FarmPrice ($/bu) 4/ 6.00 6.60 4.80 4.80 ================================================================================ WASDE - 638 - 13 July 2023 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 6.0* 6.8* AreaHarvested(mil.acres) 6.5 4.6 5.2* 5.9* Yield (bushels/acre) 69.0 41.1 69.2* 69.2* Beginning Stocks 20 47 25 25 Production 448 188 360 411 Imports 0 0 0 0 Supply, Total 468 235 385 436 Feed and Residual 80 65 70 90 Food, Seed & Industrial 45 55 50 55 Total Domestic 125 120 120 145 Exports 296 90 235 255 Use, Total 421 210 355 400 Ending Stocks 47 25 30 36 Avg.FarmPrice ($/bu) 2/ 5.94 6.85 4.80 4.80 BARLEY AreaPlanted (mil. acres) 2.7 2.9 2.9* 3.4* AreaHarvested(mil.acres) 2.0 2.4 2.4* 2.5* Yield (bushels/acre) 60.3 71.7 76.3* 70.1* Beginning Stocks 71 42 67 56 Production 120 174 183 177 Imports 15 24 14 14 Supply, Total 206 240 264 248 Feed and Residual 20 52 40 40 Food, Seed & Industrial 137 130 135 135 Total Domestic 157 182 175 175 Exports 7 2 3 3 Use, Total 164 184 178 178 Ending Stocks 42 56 86 70 Avg.FarmPrice ($/bu) 2/ 5.31 7.40 6.10 6.10 OATS AreaPlanted (mil. acres) 2.6 2.6 2.7* 2.5* AreaHarvested(mil.acres) 0.7 0.9 0.9* 0.8* Yield (bushels/acre) 61.3 64.8 66.7* 62.8* Beginning Stocks 38 33 32 35 Production 40 58 60 50 Imports 81 84 80 80 Supply, Total 159 174 172 165 Feed and Residual 44 57 60 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 141 131 Exports 3 2 2 2 Use, Total 126 140 143 133 Ending Stocks 33 35 29 32 Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.30 3.30 ================================================================================ WASDE - 638 - 14 July 2023 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.58* 2.69* Area Harvested 2.49 2.17 2.54* 2.65* Pounds Yield per Harvested Acre 7709 7383 7587* 7599* Million Hundredweight Beginning Stocks 2/ 43.7 39.7 26.6 25.6 Production 191.6 160.4 192.7 201.0 Imports 37.8 38.5 39.0 38.0 Supply, Total 273.0 238.6 258.3 264.6 Domestic & Residual 3/ 149.8 150.0 154.0 155.0 Exports, Total 4/ 83.5 63.0 74.0 80.0 Rough 28.2 19.0 21.0 23.0 Milled (rough equiv.) 55.3 44.0 53.0 57.0 Use, Total 233.3 213.0 228.0 235.0 Ending Stocks 39.7 25.6 30.3 29.6 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.40 17.60 17.00 LONG GRAIN RICE Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7471 7224 Beginning Stocks 29.7 24.6 15.8 15.8 Imports 30.7 31.0 31.0 31.0 Production 144.6 128.2 142.0 144.8 Supply, Total 7/ 205.0 183.8 188.8 191.6 Domestic & Residual 3/ 118.3 117.0 121.0 121.0 Exports 8/ 62.0 51.0 52.0 54.0 Use, Total 180.3 168.0 173.0 175.0 Ending Stocks 24.6 15.8 15.8 16.6 Avg.FarmPrice($/cwt) 6/ 13.60 16.90 15.00 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8549 8094 Beginning Stocks 11.5 13.0 8.8 7.8 Imports 7.1 7.5 8.0 7.0 Production 47.0 32.2 50.7 56.2 Supply, Total 7/ 66.0 52.8 67.5 71.0 Domestic & Residual 3/ 31.5 33.0 33.0 34.0 Exports 8/ 21.5 12.0 22.0 26.0 Use, Total 53.0 45.0 55.0 60.0 Ending Stocks 13.0 7.8 12.5 11.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 25.70 24.80 California 10/ 31.90 36.00 30.00 29.00 Other States 1/ 13.90 18.00 16.50 16.00 ================================================================================ WASDE - 638 - 15 July 2023 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 87.5* 83.5** Area Harvested 86.3 86.3 86.7* 82.7** Bushels Yield per Harvested Acre 51.7 49.5 52.0* 52.0** Million Bushels Beginning Stocks 257 274 230 255 Production 4465 4276 4510 4300 Imports 16 25 20 20 Supply, Total 4738 4576 4760 4575 Crushings 2204 2220 2310 2300 Exports 2152 1980 1975 1850 Seed 102 97 101 101 Residual 6 23 25 25 Use, Total 4464 4320 4411 4276 Ending Stocks 274 255 350 300 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.10 12.40 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1936 1936 Production 4/ 26155 26195 27145 27025 Imports 303 375 350 375 Supply, Total 28589 28561 29431 29336 Domestic Disappearance 24827 26225 27000 27050 Biofuel 3/ 10348 11600 12500 12500 Food, Feed & other Industrial 14479 14625 14500 14550 Exports 1771 400 600 450 Use, Total 26598 26625 27600 27500 Ending stocks 1991 1936 1831 1836 Avg. Price (c/lb) 2/ 72.98 64.00 58.00 60.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 350 350 Production 4/ 51814 52564 54375 54175 Imports 655 675 650 650 Supply, Total 52810 53550 55375 55175 Domestic Disappearance 38959 39200 40175 39975 Exports 13540 14000 14800 14800 Use, Total 52499 53200 54975 54775 Ending Stocks 311 350 400 400 Avg. Price ($/s.t.) 2/ 439.81 450.00 365.00 375.00 ================================================================================ WASDE - 638 - 16 July 2023 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1683 1841 Production 2/ 9157 9242 9127 9199 Beet Sugar 5155 5147 4950 5022 Cane Sugar 4002 4095 4177 4177 Florida 1934 1983 2034 2034 Louisiana 1944 2034 2092 2092 Texas 124 78 51 51 Imports 3646 3519 3358 3420 TRQ 3/ 1579 1868 1413 1644 Other Program 4/ 298 125 250 125 Non-program 1769 1526 1696 1651 Mexico 1379 1176 1576 1486 High-tier tariff/other 390 350 120 165 Total Supply 14508 14581 14168 14459 Exports 29 35 35 35 Deliveries 12578 12705 12780 12705 Food 12470 12600 12675 12600 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12688 12740 12815 12740 Ending Stocks 1820 1841 1353 1719 Stocks to Use Ratio 14.3 14.4 10.6 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 2022/23 Est. Jun 964 5230 45 4357 1002 880 Jul 964 5224 75 4357 1027 880 2023/24 Proj. Jun 880 5900 45 4589 1348 887 Jul 880 5900 45 4589 1348 888 ================================================================================ WASDE - 638 - 17 July 2023 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jun Jul ================================================================================ Million Acres Planted 11.22 13.76 11.26* 11.09** Harvested 10.27 7.31 9.41* 9.53** Pounds Yield per Harvested Acre 819 950 841* 831** Million 480 Pound Bales Beginning Stocks 3.15 3.75 3.20 3.25 Production 17.52 14.47 16.50 16.50 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.22 19.71 19.76 Domestic Use 2.55 2.05 2.20 2.20 Exports, Total 14.48 12.90 14.00 13.75 Use, Total 17.03 14.95 16.20 15.95 Unaccounted 2/ -0.10 0.02 0.01 0.01 Ending Stocks 3.75 3.25 3.50 3.80 Avg. Farm Price 3/ 91.4 82.0 77.0 76.0 ================================================================================ WASDE - 638 - 18 July 2023 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 284.08 781.05 199.39 161.13 792.52 202.85 272.60 World Less China 144.96 644.10 189.82 126.13 644.52 201.98 135.84 United States 23.00 44.80 2.62 1.75 29.76 21.66 19.01 Total Foreign 261.08 736.24 196.78 159.38 762.76 181.20 253.60 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 177.53 204.00 130.33 54.68 323.57 15.31 172.99 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 12.42 21.27 26.61 1.87 47.02 0.41 12.88 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 272.60 790.20 210.47 156.42 793.49 217.17 269.31 World Less China 135.84 652.48 196.97 123.42 645.49 216.22 130.28 United States 19.01 44.90 3.32 2.35 30.79 20.65 15.79 Total Foreign 253.60 745.30 207.15 154.07 762.70 196.52 253.52 Major Exporters 4/ 39.72 333.90 13.12 75.45 183.20 159.30 44.23 Argentina 1.93 12.55 0.01 0.05 6.55 5.00 2.93 Australia 3.45 39.69 0.20 4.50 8.00 32.50 2.84 Canada 3.66 33.82 0.55 4.50 10.00 25.50 2.54 European Union 5/ 13.32 134.34 12.00 44.00 108.00 34.00 17.66 Russia 12.09 92.00 0.30 19.00 42.25 45.50 16.64 Ukraine 5.27 21.50 0.06 3.40 8.40 16.80 1.63 Major Importers 6/ 172.99 205.95 133.75 51.00 320.87 15.07 176.76 Bangladesh 1.31 1.10 5.20 0.20 6.70 0.00 0.91 Brazil 1.18 10.60 5.00 0.55 11.95 2.80 2.03 China 136.76 137.72 13.50 33.00 148.00 0.95 139.03 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 12.88 17.33 29.00 1.67 46.42 0.70 12.09 Nigeria 0.62 0.11 4.75 0.00 4.75 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 24.30 3.68 39.62 0.57 11.14 Southeast Asia 9/ 4.62 0.00 24.20 7.35 24.15 1.15 3.53 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 2.00 2.30 7.40 9.50 3.00 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 ================================================================================ WASDE - 638 - 19 July 2023 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Jun 266.66 800.19 209.54 154.79 796.14 212.62 270.71 Jul 269.31 796.67 207.96 157.13 799.45 211.62 266.53 World Less China Jun 127.08 660.19 197.54 120.79 645.14 211.72 131.03 Jul 130.28 656.67 195.96 121.13 646.45 210.72 129.40 United States Jun 16.28 45.32 3.67 1.91 30.26 19.73 15.28 Jul 15.79 47.33 3.54 2.45 30.81 19.73 16.12 Total Foreign Jun 250.38 754.87 205.87 152.88 765.87 192.89 255.43 Jul 253.52 749.34 204.42 154.68 768.64 191.89 250.41 Major Exporters 4/ Jun 44.65 328.50 8.17 75.60 182.80 157.50 41.01 Jul 44.23 322.00 8.17 74.80 182.00 156.50 35.90 Argentina Jun 2.93 19.50 0.01 0.10 6.60 13.50 2.34 Jul 2.93 17.50 0.01 0.10 6.60 12.00 1.84 Australia Jun 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Jul 2.84 29.00 0.20 4.20 7.70 21.50 2.84 Canada Jun 2.54 37.00 0.60 4.50 9.60 27.50 3.04 Jul 2.54 35.00 0.60 4.00 9.10 26.50 2.54 European Union 5/ Jun 16.66 140.50 7.00 45.00 109.50 38.50 16.16 Jul 17.66 138.00 7.00 45.00 109.50 38.50 14.66 Russia Jun 17.64 85.00 0.30 19.00 42.00 46.50 14.44 Jul 16.64 85.00 0.30 19.00 42.00 47.50 12.44 Ukraine Jun 1.73 17.50 0.06 2.50 7.10 10.50 1.69 Jul 1.63 17.50 0.06 2.50 7.10 10.50 1.59 Major Importers 6/ Jun 173.83 211.10 135.12 51.55 326.29 16.45 177.31 Jul 176.76 211.16 134.62 54.05 328.78 16.35 177.41 Bangladesh Jun 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Jul 0.91 1.10 5.80 0.25 6.75 0.00 1.06 Brazil Jun 2.13 10.00 5.60 0.55 12.05 3.50 2.18 Jul 2.03 10.00 5.60 0.55 12.05 3.50 2.08 China Jun 139.58 140.00 12.00 34.00 151.00 0.90 139.68 Jul 139.03 140.00 12.00 36.00 153.00 0.90 137.13 Japan Jun 1.27 1.17 5.60 0.75 6.35 0.30 1.39 Jul 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ Jun 10.13 16.17 31.90 1.45 47.30 0.60 10.30 Jul 12.09 16.73 31.40 1.75 47.65 0.60 11.97 Nigeria Jun 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Jul 0.33 0.12 5.50 0.00 5.20 0.50 0.25 Sel. Mideast 8/ Jun 10.77 19.68 22.52 3.60 40.16 0.58 12.23 Jul 11.14 19.18 23.02 3.60 40.40 0.58 12.36 Southeast Asia 9/ Jun 3.83 0.00 26.00 7.45 24.33 1.13 4.38 Jul 3.53 0.00 26.00 7.45 24.33 1.13 4.08 India Jun 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Jul 9.50 113.50 0.10 5.50 108.10 1.00 14.00 Kazakhstan Jun 2.80 14.00 2.00 1.50 6.40 9.50 2.90 Jul 3.00 14.00 2.00 1.60 6.80 9.50 2.70 United Kingdom Jun 2.49 15.70 1.70 7.30 15.40 1.90 2.59 Jul 2.49 15.50 1.70 7.30 15.40 1.90 2.39 ================================================================================ WASDE - 638 - 20 July 2023 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 323.15 1504.99 230.14 910.53 1491.08 253.56 337.06 World Less China 115.69 1224.14 188.64 682.70 1171.05 253.56 127.29 United States 34.01 397.71 2.59 148.65 326.22 70.52 37.58 Total Foreign 289.14 1107.28 227.54 761.88 1164.86 183.05 299.48 Major Exporters 4/ 19.41 332.81 9.77 139.82 186.34 149.05 26.60 Argentina 2.06 59.16 0.01 12.82 18.59 40.11 2.52 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.45 13.58 32.93 8.67 Major Importers 5/ 36.19 248.17 138.74 286.00 370.32 15.31 37.47 European Union 6/ 14.50 154.77 21.30 118.15 158.93 13.74 17.89 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.03 29.05 40.51 60.81 69.40 0.69 6.50 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. World 3/ 337.06 1442.81 213.35 896.01 1456.45 215.53 323.42 World Less China 127.29 1157.31 182.10 666.58 1135.82 215.48 117.57 United States 37.58 358.47 2.91 141.76 316.68 44.27 38.00 Total Foreign 299.48 1084.34 210.44 754.25 1139.77 171.25 285.42 Major Exporters 4/ 26.60 325.01 3.46 137.98 186.29 143.56 25.22 Argentina 2.52 42.71 0.01 10.65 16.66 26.00 2.57 Australia 3.61 18.67 0.00 6.42 8.30 10.48 3.51 Brazil 4.50 137.60 1.51 65.55 79.09 56.03 8.49 Canada 3.71 30.54 1.75 16.76 24.73 6.79 4.48 Russia 1.85 44.13 0.10 24.48 33.95 9.82 2.32 Ukraine 8.67 33.93 0.00 6.72 9.70 30.75 2.16 Major Importers 5/ 37.47 229.00 138.60 280.09 362.25 11.93 30.89 European Union 6/ 17.89 133.84 26.84 115.96 155.36 10.11 13.11 Japan 1.59 0.25 16.47 13.05 16.75 0.00 1.55 Mexico 3.93 32.33 18.00 31.37 50.78 0.20 3.28 N. Afr & Mideast 7/ 6.50 31.39 34.90 57.78 65.83 0.76 6.20 Saudi Arabia 1.41 0.14 8.41 8.41 8.75 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.88 39.65 48.15 0.87 3.07 South Korea 2.07 0.16 11.74 9.55 12.06 0.00 1.91 Selected Other China 209.77 285.50 31.25 229.43 320.63 0.05 205.85 ================================================================================ WASDE - 638 - 21 July 2023 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Jun 324.92 1513.29 226.05 924.13 1498.16 237.91 340.05 Jul 323.42 1513.38 227.48 924.33 1497.08 238.32 339.72 World Less China Jun 119.07 1224.99 187.65 687.53 1170.36 237.89 135.33 Jul 117.57 1225.08 187.78 686.63 1168.13 238.29 134.85 United States Jun 39.47 402.01 2.57 147.31 324.23 59.41 60.41 Jul 38.00 404.53 2.60 147.78 324.84 59.92 60.37 Total Foreign Jun 285.45 1111.28 223.48 776.81 1173.93 178.50 279.64 Jul 285.42 1108.85 224.88 776.54 1172.23 178.40 279.36 Major Exporters 4/ Jun 25.35 330.29 3.69 139.85 189.40 147.95 21.98 Jul 25.22 330.97 3.69 140.53 189.68 148.45 21.75 Argentina Jun 2.52 62.58 0.01 11.51 17.62 44.90 2.58 Jul 2.57 63.38 0.01 11.51 17.62 45.70 2.63 Australia Jun 3.61 13.74 0.00 5.76 7.64 7.61 2.10 Jul 3.51 13.74 0.00 5.76 7.64 7.61 2.00 Brazil Jun 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Jul 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada Jun 4.48 28.35 1.85 16.41 24.45 6.48 3.74 Jul 4.48 28.43 1.85 16.99 24.63 6.48 3.64 Russia Jun 2.32 42.25 0.10 24.00 33.40 9.01 2.27 Jul 2.32 42.25 0.10 24.10 33.50 8.91 2.27 Ukraine Jun 2.24 31.67 0.00 7.45 10.03 21.53 2.35 Jul 2.16 31.47 0.00 7.45 10.03 21.33 2.27 Major Importers 5/ Jun 30.78 245.51 143.63 292.16 375.43 14.08 30.42 Jul 30.89 242.41 143.83 290.21 373.43 13.48 30.22 European Union 6/ Jun 13.08 146.65 23.98 118.11 157.83 12.40 13.47 Jul 13.11 143.30 25.48 117.21 156.88 11.80 13.21 Japan Jun 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Jul 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico Jun 3.28 33.24 18.78 32.55 52.37 0.30 2.63 Jul 3.28 33.24 18.78 32.55 52.37 0.30 2.63 N. Afr & Mideast 7/ Jun 6.16 33.67 38.57 63.53 71.73 0.77 5.90 Jul 6.20 33.92 37.87 63.08 71.28 0.77 5.95 Saudi Arabia Jun 1.21 0.15 9.41 9.22 9.56 0.00 1.21 Jul 1.21 0.15 8.81 8.62 8.96 0.00 1.21 Southeast Asia 8/ Jun 3.05 31.31 19.31 41.35 49.90 0.61 3.14 Jul 3.07 31.31 19.31 41.35 49.90 0.61 3.17 South Korea Jun 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Jul 1.91 0.16 11.91 9.54 12.03 0.00 1.95 China Jun 205.85 288.30 38.40 236.60 327.80 0.03 204.72 Jul 205.85 288.30 39.70 237.70 328.95 0.03 204.87 ================================================================================ WASDE - 638 - 22 July 2023 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 293.07 1218.70 184.48 745.93 1201.90 206.46 309.88 World Less China 87.37 946.15 162.60 536.93 910.90 206.45 100.74 United States 31.36 382.89 0.62 145.27 317.09 62.80 34.98 Total Foreign 261.71 835.81 183.87 600.66 884.81 143.66 274.90 Major Exporters 4/ 9.04 238.99 2.67 94.40 117.70 117.60 15.39 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.65 1.41 Ukraine 0.83 42.13 0.02 7.20 8.40 26.98 7.59 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 309.88 1150.68 175.05 732.43 1164.26 176.57 296.30 World Less China 100.74 873.48 157.05 514.43 865.26 176.55 90.98 United States 34.98 348.75 0.64 137.80 306.85 41.91 35.60 Total Foreign 274.90 801.93 174.42 594.63 857.42 134.66 260.69 Major Exporters 4/ 15.39 226.83 1.06 90.50 115.30 114.80 13.19 Argentina 1.50 34.00 0.01 8.00 12.00 22.00 1.51 Brazil 3.97 133.00 1.00 61.50 74.00 56.00 7.97 Russia 0.93 15.83 0.05 9.70 10.80 5.10 0.91 South Africa 1.41 17.00 0.00 7.30 13.30 3.70 1.41 Ukraine 7.59 27.00 0.00 4.00 5.20 28.00 1.39 Major Importers 5/ 23.45 117.85 95.02 158.40 213.60 4.57 18.15 Egypt 1.56 7.44 6.00 11.00 13.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 57.50 78.10 3.50 7.08 Japan 1.39 0.01 15.00 11.70 15.00 0.00 1.40 Mexico 3.16 26.50 17.20 26.00 44.00 0.20 2.66 Southeast Asia 7/ 3.39 30.76 16.42 38.40 46.65 0.87 3.06 South Korea 2.06 0.09 11.60 9.50 11.85 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.90 2.49 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 ================================================================================ WASDE - 638 - 23 July 2023 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Jun 297.55 1222.77 187.00 760.79 1206.35 197.76 313.98 Jul 296.30 1224.47 188.40 762.09 1206.65 198.26 314.12 World Less China Jun 92.24 942.77 164.00 537.79 902.35 197.74 109.68 Jul 90.98 944.47 165.40 539.09 902.65 198.24 109.82 United States Jun 36.87 387.75 0.64 143.52 314.59 53.34 57.32 Jul 35.60 389.15 0.64 143.52 314.59 53.34 57.45 Total Foreign Jun 260.68 835.02 186.37 617.27 891.75 144.42 256.65 Jul 260.69 835.32 187.77 618.57 892.05 144.92 256.67 Major Exporters 4/ Jun 13.19 240.60 1.26 94.40 120.70 122.10 12.24 Jul 13.19 241.10 1.26 94.40 120.70 122.60 12.24 Argentina Jun 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Jul 1.51 54.00 0.01 9.30 13.50 40.50 1.51 Brazil Jun 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Jul 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia Jun 0.91 16.30 0.05 10.80 11.90 4.20 1.16 Jul 0.91 16.30 0.05 10.80 11.90 4.20 1.16 South Africa Jun 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Jul 1.41 16.80 0.00 7.30 13.30 3.40 1.51 Ukraine Jun 1.39 24.50 0.00 4.50 5.50 19.00 1.39 Jul 1.39 25.00 0.00 4.50 5.50 19.50 1.39 Major Importers 5/ Jun 18.12 130.75 99.35 168.20 224.45 5.91 17.86 Jul 18.15 129.85 100.85 168.80 225.05 5.91 17.88 Egypt Jun 1.50 7.60 8.50 13.70 16.20 0.00 1.40 Jul 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ Jun 7.08 64.30 22.50 60.50 81.50 5.00 7.38 Jul 7.08 63.40 24.00 61.10 82.10 5.00 7.38 Japan Jun 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Jul 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico Jun 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Jul 2.66 27.40 18.00 27.30 45.70 0.30 2.06 Southeast Asia 7/ Jun 3.04 31.26 18.45 40.70 49.00 0.61 3.14 Jul 3.06 31.26 18.45 40.70 49.00 0.61 3.16 South Korea Jun 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Jul 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Canada Jun 2.49 14.30 1.80 9.20 14.60 1.80 2.19 Jul 2.49 15.00 1.80 10.00 15.30 1.80 2.19 China Jun 205.32 280.00 23.00 223.00 304.00 0.02 204.30 Jul 205.32 280.00 23.00 223.00 304.00 0.02 204.30 ================================================================================ WASDE - 638 - 24 July 2023 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2021/22 World 3/ 187.33 513.74 54.67 518.63 56.90 182.44 World Less China 70.83 364.75 48.72 362.27 54.82 69.44 United States 1.39 6.08 1.20 4.76 2.65 1.26 Total Foreign 185.94 507.66 53.47 513.88 54.25 181.17 Major Exporters 4/ 46.82 197.74 1.76 158.90 43.91 43.51 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.05 12.80 7.68 3.43 Vietnam 2.64 26.67 1.70 21.50 7.05 2.46 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 182.44 512.49 54.51 521.37 55.57 173.56 World Less China 69.44 366.55 49.91 366.43 53.77 66.76 United States 1.26 5.09 1.22 4.76 2.00 0.81 Total Foreign 181.17 507.40 53.28 516.61 53.57 172.75 Major Exporters 4/ 43.51 200.50 1.76 160.75 44.05 40.97 Burma 0.98 11.80 0.00 10.25 1.85 0.68 India 34.00 136.00 0.00 112.50 22.50 35.00 Pakistan 2.65 5.50 0.01 3.60 3.70 0.86 Thailand 3.43 20.20 0.05 12.80 8.50 2.38 Vietnam 2.46 27.00 1.70 21.60 7.50 2.06 Major Importers 5/ 125.55 238.72 22.18 263.95 2.24 120.26 China 113.00 145.95 4.60 154.95 1.80 106.80 European Union 6/ 0.91 1.34 2.50 3.55 0.40 0.80 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.90 16.10 0.00 3.50 Sel. Mideast 7/ 1.22 2.02 4.50 6.35 0.00 1.39 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.57 1.50 1.86 3.30 0.05 0.58 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.38 4.00 0.06 1.42 ================================================================================ WASDE - 638 - 25 July 2023 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Jun 173.49 520.49 53.50 523.77 55.81 170.21 Jul 173.56 520.77 54.15 523.91 56.43 170.42 World Less China Jun 66.69 371.49 48.50 371.77 53.81 63.41 Jul 66.76 371.77 49.15 371.91 54.43 63.62 United States Jun 0.84 6.12 1.24 4.89 2.35 0.96 Jul 0.81 6.38 1.21 4.92 2.54 0.94 Total Foreign Jun 172.65 514.37 52.26 518.88 53.46 169.25 Jul 172.75 514.39 52.94 518.99 53.89 169.48 Major Exporters 4/ Jun 40.75 202.20 1.46 162.35 43.90 38.15 Jul 40.97 202.20 1.76 162.25 44.30 38.38 Burma Jun 0.58 12.50 0.00 10.30 2.20 0.59 Jul 0.68 12.50 0.00 10.30 2.10 0.79 India Jun 35.00 134.00 0.00 114.00 23.00 32.00 Jul 35.00 134.00 0.00 114.00 23.00 32.00 Pakistan Jun 0.86 9.00 0.01 3.75 4.50 1.61 Jul 0.86 9.00 0.01 3.75 4.50 1.61 Thailand Jun 2.55 19.70 0.15 12.70 7.50 2.20 Jul 2.38 19.70 0.05 12.50 7.50 2.13 Vietnam Jun 1.75 27.00 1.30 21.60 6.70 1.75 Jul 2.06 27.00 1.70 21.70 7.20 1.86 Major Importers 5/ Jun 120.44 242.99 21.40 262.55 2.46 119.82 Jul 120.26 242.99 21.40 262.45 2.46 119.74 China Jun 106.80 149.00 5.00 152.00 2.00 106.80 Jul 106.80 149.00 5.00 152.00 2.00 106.80 European Union 6/ Jun 0.90 1.46 2.65 3.75 0.40 0.86 Jul 0.80 1.46 2.65 3.65 0.40 0.86 Indonesia Jun 3.35 34.45 0.70 35.20 0.00 3.30 Jul 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria Jun 2.00 5.23 2.20 7.60 0.00 1.83 Jul 2.00 5.23 2.20 7.60 0.00 1.83 Philippines Jun 3.50 12.60 3.80 16.50 0.00 3.40 Jul 3.50 12.60 3.80 16.50 0.00 3.40 Sel. Mideast 7/ Jun 1.39 2.12 4.50 6.65 0.00 1.36 Jul 1.39 2.12 4.50 6.65 0.00 1.36 Brazil Jun 0.60 6.80 0.95 6.80 0.90 0.65 Jul 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ Jun 0.54 1.53 1.74 3.24 0.03 0.54 Jul 0.58 1.52 1.83 3.30 0.04 0.59 Egypt Jun 0.66 3.78 0.40 4.10 0.01 0.73 Jul 0.66 3.78 0.40 4.10 0.01 0.73 Japan Jun 1.80 7.45 0.69 8.20 0.12 1.61 Jul 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Jun 0.09 0.17 0.85 1.00 0.01 0.10 Jul 0.09 0.17 0.85 1.00 0.01 0.10 South Korea Jun 1.46 3.57 0.42 4.00 0.06 1.40 Jul 1.42 3.60 0.42 4.00 0.06 1.39 ================================================================================ WASDE - 638 - 26 July 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2021/22 World 86.32 115.66 42.62 116.00 42.86 -0.30 86.04 World Less China 48.53 88.86 34.78 82.25 42.74 -0.30 47.47 United States 3.15 17.52 0.01 2.55 14.48 -0.10 3.75 Total Foreign 83.17 98.13 42.62 113.45 28.38 -0.20 82.29 Major Exporters 4/ 32.91 55.44 1.60 34.29 24.12 -0.20 31.75 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.83 19.53 0.19 4.46 12.42 -0.19 18.86 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.95 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 86.04 117.97 37.11 109.77 37.56 -0.16 93.95 World Less China 47.47 87.27 30.76 73.27 37.43 -0.16 54.96 United States 3.75 14.47 3/ 2.05 12.90 0.02 3.25 Total Foreign 82.29 103.50 37.11 107.72 24.66 -0.18 90.70 Major Exporters 4/ 31.75 57.48 2.25 32.16 20.50 -0.19 39.01 Central Asia 5/ 2.42 5.73 0.03 3.83 1.14 0.00 3.22 Afr. Fr. Zone 6/ 1.54 4.02 3/ 0.10 4.02 0.00 1.43 S. Hemis. 7/ 18.86 21.18 0.15 4.28 13.69 -0.19 22.42 Australia 4.96 5.80 3/ 0.01 6.60 -0.19 4.34 Brazil 11.84 13.70 0.02 3.20 6.50 0.00 15.85 India 8.60 26.00 1.75 23.50 1.25 0.00 11.60 Major Importers 8/ 48.11 42.88 32.40 71.73 2.85 0.01 48.80 Mexico 0.37 1.58 0.90 1.80 0.40 0.00 0.65 China 38.56 30.70 6.35 36.50 0.13 0.00 38.99 European Union 9/ 0.30 1.64 0.55 0.56 1.47 0.00 0.46 Turkey 2.77 4.90 4.05 7.30 0.80 0.01 3.61 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.60 1.70 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.60 7.20 0.00 0.00 1.88 Vietnam 1.02 3/ 6.45 6.45 0.00 0.00 1.03 ================================================================================ WASDE - 638 - 27 July 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 Proj. World Jun 92.89 116.72 43.74 117.00 43.75 -0.20 92.79 Jul 93.95 116.84 43.49 116.45 43.51 -0.20 94.52 World Less China Jun 53.75 89.72 34.24 79.50 43.65 -0.20 54.75 Jul 54.96 89.84 33.74 79.45 43.41 -0.20 55.88 United States Jun 3.20 16.50 0.01 2.20 14.00 0.01 3.50 Jul 3.25 16.50 0.01 2.20 13.75 0.01 3.80 Total Foreign Jun 89.69 100.22 43.73 114.80 29.75 -0.20 89.29 Jul 90.70 100.34 43.48 114.25 29.76 -0.20 90.72 Major Exporters 4/ Jun 37.90 57.84 2.12 33.70 25.73 -0.20 38.63 Jul 39.01 57.29 2.12 33.75 25.70 -0.20 39.17 Central Asia 5/ Jun 3.18 5.41 0.10 4.27 1.43 0.00 2.99 Jul 3.22 5.41 0.10 4.27 1.40 0.00 3.05 Afr. Fr. Zone 6/ Jun 1.43 5.32 3/ 0.10 5.20 0.00 1.45 Jul 1.43 5.32 3/ 0.10 5.10 0.00 1.55 S. Hemis. 7/ Jun 21.84 21.03 0.17 4.30 16.28 -0.20 22.66 Jul 22.42 20.48 0.17 4.35 16.58 -0.20 22.34 Australia Jun 3.94 5.80 3/ 0.01 6.00 -0.20 3.93 Jul 4.34 5.40 3/ 0.01 5.80 -0.20 4.13 Brazil Jun 15.35 13.25 0.02 3.30 9.25 0.00 16.07 Jul 15.85 13.25 0.02 3.30 9.75 0.00 16.07 India Jun 11.10 25.50 1.50 24.50 2.40 0.00 11.20 Jul 11.60 25.50 1.50 24.50 2.20 0.00 11.90 Major Importers 8/ Jun 48.90 39.33 39.21 77.09 2.57 0.00 47.78 Jul 48.80 39.91 38.96 76.49 2.53 0.00 48.65 Mexico Jun 0.65 1.28 1.00 1.95 0.40 0.00 0.57 Jul 0.65 1.28 1.00 1.95 0.40 0.00 0.57 China Jun 39.14 27.00 9.50 37.50 0.10 0.00 38.04 Jul 38.99 27.00 9.75 37.00 0.10 0.00 38.64 European Union 9/ Jun 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Jul 0.46 1.48 0.57 0.62 1.46 0.00 0.43 Turkey Jun 3.61 3.50 4.40 8.00 0.50 0.00 3.01 Jul 3.61 3.50 4.30 7.90 0.50 0.00 3.01 Pakistan Jun 1.50 5.90 4.50 9.80 0.05 0.00 2.05 Jul 1.50 6.50 4.20 10.00 0.05 0.00 2.15 Indonesia Jun 0.35 3/ 2.30 2.30 0.01 0.00 0.35 Jul 0.35 3/ 2.40 2.30 0.01 0.00 0.45 Thailand Jun 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Jul 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh Jun 1.88 0.16 8.10 8.10 0.00 0.00 2.04 Jul 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Vietnam Jun 0.98 3/ 7.10 7.10 0.00 0.00 0.98 Jul 1.03 3/ 7.00 7.00 0.00 0.00 1.03 ================================================================================ WASDE - 638 - 28 July 2023 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 100.15 360.12 156.60 314.35 363.84 153.88 99.14 World Less China 69.29 343.72 65.04 226.45 255.44 153.78 68.83 United States 6.99 121.53 0.43 59.98 62.92 58.57 7.47 Total Foreign 93.15 238.59 156.17 254.37 300.93 95.31 91.67 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.29 123.79 116.74 144.66 0.42 33.23 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.83 14.55 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 99.14 369.72 165.81 311.20 362.84 168.93 102.90 World Less China 68.83 349.44 66.81 220.20 250.14 168.80 66.13 United States 7.47 116.38 0.68 60.42 63.69 53.89 6.95 Total Foreign 91.67 253.34 165.13 250.78 299.15 115.04 95.95 Major Exporters 3/ 51.93 191.00 8.97 86.09 96.40 104.60 50.90 Argentina 23.90 25.00 8.70 30.00 36.25 3.80 17.55 Brazil 27.60 156.00 0.25 53.00 56.80 94.00 33.05 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.23 23.74 132.01 119.41 148.86 0.39 39.72 China 30.32 20.28 99.00 91.00 112.70 0.13 36.77 European Union 1.68 2.55 13.90 14.70 16.28 0.25 1.61 Southeast Asia 5/ 0.69 0.49 9.21 4.61 9.66 0.02 0.71 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. World 2/ Jun 101.32 410.70 169.82 331.91 386.09 172.41 123.34 Jul 102.90 405.31 166.57 330.25 384.51 169.29 120.98 World Less China Jun 65.53 390.20 69.82 236.91 268.09 172.31 85.15 Jul 66.13 384.81 67.57 235.25 266.51 169.19 82.81 United States Jun 6.27 122.74 0.54 62.87 66.29 53.75 9.52 Jul 6.95 117.03 0.54 62.60 66.01 50.35 8.16 Total Foreign Jun 95.05 287.96 169.28 269.05 319.81 118.66 113.83 Jul 95.95 288.28 166.03 267.66 318.50 118.94 112.83 Major Exporters 3/ Jun 51.38 223.90 6.18 95.35 106.29 109.40 65.77 Jul 50.90 223.90 6.18 95.60 106.54 109.40 65.04 Argentina Jun 17.55 48.00 5.70 36.00 42.70 4.60 23.95 Jul 17.55 48.00 5.70 36.25 42.95 4.60 23.70 Brazil Jun 33.55 163.00 0.45 55.75 59.70 96.50 40.80 Jul 33.05 163.00 0.45 55.75 59.70 96.50 40.30 Paraguay Jun 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Jul 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ Jun 38.77 24.68 134.64 124.93 155.90 0.42 41.77 Jul 39.72 24.68 133.09 124.41 155.38 0.42 41.69 China Jun 35.80 20.50 100.00 95.00 118.00 0.10 38.20 Jul 36.77 20.50 99.00 95.00 118.00 0.10 38.17 European Union Jun 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Jul 1.61 3.22 14.00 15.15 16.74 0.30 1.78 Southeast Asia 5/ Jun 0.73 0.47 10.64 5.58 10.83 0.02 1.00 Jul 0.71 0.47 10.24 5.16 10.41 0.02 1.00 Mexico Jun 0.33 0.24 6.55 6.60 6.66 0.00 0.46 Jul 0.33 0.24 6.40 6.50 6.56 0.00 0.41 ================================================================================ WASDE - 638 - 29 July 2023 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 15.41 246.62 67.00 244.38 68.76 15.89 World Less China 15.41 177.00 66.94 175.19 68.28 15.89 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.10 199.62 66.41 209.04 56.48 15.60 Major Exporters 3/ 6.54 76.39 0.79 29.15 47.74 6.84 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. World 2/ 15.89 244.56 62.89 245.12 66.09 12.14 World Less China 15.89 172.48 62.85 173.70 65.39 12.14 United States 0.28 47.69 0.61 35.56 12.70 0.32 Total Foreign 15.60 196.87 62.28 209.55 53.39 11.82 Major Exporters 3/ 6.84 72.47 0.14 29.93 44.40 5.13 Argentina 2.80 23.40 0.08 3.35 21.20 1.72 Brazil 3.62 41.07 0.02 20.00 21.50 3.21 India 0.42 8.00 0.05 6.58 1.70 0.19 Major Importers 4/ 2.34 22.31 36.97 58.83 1.01 1.76 European Union 0.60 11.61 16.00 27.04 0.70 0.47 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.60 17.55 21.31 0.30 1.07 China 0.00 72.07 0.04 71.41 0.70 0.00 2023/24 Proj. World 2/ Jun 12.11 260.54 66.42 255.14 69.53 14.40 Jul 12.14 259.23 67.04 254.19 70.07 14.14 World Less China Jun 12.11 185.30 66.37 180.35 69.03 14.40 Jul 12.14 183.99 66.99 179.40 69.57 14.14 United States Jun 0.32 49.33 0.59 36.45 13.43 0.36 Jul 0.32 49.15 0.59 36.27 13.43 0.36 Total Foreign Jun 11.79 211.21 65.83 218.69 56.10 14.04 Jul 11.82 210.08 66.45 217.92 56.65 13.77 Major Exporters 3/ Jun 5.39 79.13 0.12 31.30 46.90 6.43 Jul 5.13 79.40 0.12 31.22 47.40 6.03 Argentina Jun 1.75 28.08 0.01 3.45 24.30 2.09 Jul 1.72 28.28 0.01 3.45 24.50 2.06 Brazil Jun 3.45 43.21 0.01 20.70 21.80 4.16 Jul 3.21 43.21 0.01 20.70 22.00 3.73 India Jun 0.19 7.84 0.10 7.15 0.80 0.18 Jul 0.19 7.92 0.10 7.07 0.90 0.24 Major Importers 4/ Jun 1.79 23.49 37.68 60.05 1.05 1.86 Jul 1.76 23.08 37.88 59.83 1.02 1.88 European Union Jun 0.47 11.97 15.75 26.99 0.70 0.49 Jul 0.47 11.97 15.75 26.99 0.70 0.49 Mexico Jun 0.18 5.22 1.95 7.10 0.02 0.23 Jul 0.18 5.14 2.00 7.10 0.02 0.20 Southeast Asia 5/ Jun 1.09 4.35 18.33 22.36 0.33 1.08 Jul 1.07 4.02 18.53 22.19 0.31 1.12 China Jun 0.00 75.24 0.05 74.79 0.50 0.00 Jul 0.00 75.24 0.05 74.79 0.50 0.00 ================================================================================ WASDE - 638 - 30 July 2023 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 5.41 59.24 11.55 59.25 12.24 4.70 World Less China 4.37 43.49 11.25 42.55 12.13 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.44 47.38 11.41 47.99 11.44 3.80 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. World 2/ 4.70 58.49 9.99 57.63 10.84 4.72 World Less China 4.44 42.18 9.69 41.73 10.73 3.86 United States 0.90 11.88 0.17 11.90 0.18 0.88 Total Foreign 3.80 46.61 9.82 45.73 10.66 3.84 Major Exporters 3/ 1.49 19.50 0.53 12.56 7.78 1.19 Argentina 0.52 5.93 0.00 2.25 3.85 0.36 Brazil 0.41 10.21 0.08 7.93 2.45 0.31 European Union 0.55 2.79 0.45 2.33 0.98 0.49 Major Importers 4/ 0.78 19.32 5.69 24.20 0.18 1.43 China 0.26 16.31 0.30 15.90 0.11 0.86 India 0.19 1.80 3.45 5.10 0.02 0.33 North Africa 5/ 0.31 0.87 1.29 2.23 0.05 0.19 2023/24 Proj. World 2/ Jun 4.53 62.36 10.80 60.80 11.68 5.21 Jul 4.72 62.07 10.68 60.56 11.62 5.29 World Less China Jun 3.90 45.33 10.30 43.70 11.58 4.26 Jul 3.86 45.05 10.28 43.46 11.52 4.21 United States Jun 0.88 12.31 0.16 12.25 0.27 0.83 Jul 0.88 12.26 0.17 12.27 0.20 0.83 Total Foreign Jun 3.65 50.04 10.65 48.56 11.41 4.38 Jul 3.84 49.81 10.51 48.29 11.42 4.46 Major Exporters 3/ Jun 1.33 21.39 0.43 13.41 8.39 1.34 Jul 1.19 21.44 0.43 13.41 8.44 1.20 Argentina Jun 0.41 7.11 0.00 2.55 4.50 0.47 Jul 0.36 7.16 0.00 2.55 4.55 0.42 Brazil Jun 0.41 10.73 0.03 8.53 2.20 0.44 Jul 0.31 10.73 0.03 8.53 2.20 0.35 European Union Jun 0.49 2.88 0.40 2.27 1.10 0.41 Jul 0.49 2.88 0.40 2.27 1.10 0.41 Major Importers 4/ Jun 1.07 20.27 5.99 25.65 0.20 1.48 Jul 1.43 20.18 5.85 25.51 0.18 1.76 China Jun 0.63 17.02 0.50 17.10 0.10 0.95 Jul 0.86 17.02 0.40 17.10 0.10 1.08 India Jun 0.18 1.73 3.20 4.94 0.02 0.16 Jul 0.33 1.78 3.20 4.98 0.02 0.31 North Africa 5/ Jun 0.20 1.05 1.49 2.40 0.07 0.26 Jul 0.19 0.97 1.45 2.32 0.05 0.24 ================================================================================ WASDE - 638 - 31 July 2023 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2022 III 7144 6534 13723 11896 1264 13312 27035 2259 56.4 IV 7052 6919 14017 11861 1310 13310 27327 2277 55.9 Annual 28291 26996 55471 46206 5222 51997 107469 9074 226.5 2023 I 6821 7071 13937 11549 1348 13039 26976 2209 56.9 II 6710 6600 13355 11500 1375 13020 26375 2290 58.2 III* 6810 6570 13425 12150 1320 13615 27040 2355 56.9 IV* 6820 7130 13996 11900 1410 13440 27436 2430 56.4 JunProj. 27086 27376 54642 46899 5383 52844 107486 9279 228.4 JulProj. 27161 27371 54712 47099 5453 53114 107826 9284 228.4 2024 I* 6155 6895 13094 11760 1390 13290 26384 2355 57.7 II* 6180 6520 12746 11760 1400 13300 26046 2385 58.6 JunProj. 24795 27350 52325 47820 5640 54015 106340 9615 230.8 JulProj. 24700 27335 52215 47820 5640 54015 106230 9615 230.6 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 158.9 135.8 19.65 III* 178.00 63.00 125.0 160.0 130.0 17.45 IV* 183.00 57.00 125.0 165.0 145.0 19.20 JunProj. 171.7 56.7 130.1 168.0 181.5 19.95 JulProj. 175.3 57.9 128.4 163.7 181.7 19.55 2024 I* 186.00 63.00 127.0 162.0 155.0 19.50 II* 184.00 68.00 129.0 163.0 130.0 18.60 JunProj. 180 62 129 167 144 19.65 JulProj. 184 65 129 164 144 19.10 ================================================================================ WASDE - 638 - 32 July 2023 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2022 676 28359 3390 32425 3544 723 28157 59.1 2023 Proj. Jun 723 27154 3501 31378 3224 650 27504 57.4 Jul 723 27229 3521 31473 3214 645 27614 57.6 2024 Proj. Jun 650 24863 3560 29073 2950 640 25483 52.9 Jul 645 24768 3560 28973 2950 640 25383 52.7 Pork 2022 446 27011 1344 28800 6345 504 21951 51.1 2023 Proj. Jun 504 27391 1069 28964 6803 545 21616 50.0 Jul 504 27386 1074 28964 6913 510 21541 49.8 2024 Proj. Jun 545 27365 1155 29065 6820 575 21670 49.9 Jul 510 27350 1155 29015 6980 495 21540 49.6 TotalRed Meat5/ 2022 1147 55564 5092 61804 9895 1256 50653 111.6 2023 Proj. Jun 1256 54736 4909 60900 10033 1227 49640 108.8 Jul 1256 54806 4914 60975 10133 1187 49655 108.8 2024 Proj. Jun 1227 52418 5085 58729 9776 1242 47712 104.2 Jul 1187 52308 5085 58579 9936 1162 47482 103.7 Broiler 2022 705 45711 176 46593 7290 892 38411 98.9 2023 Proj. Jun 892 46397 70 47360 7383 880 39097 100.1 Jul 892 46595 85 47572 7383 870 39320 100.7 2024 Proj. Jun 880 47308 40 48228 7570 900 39758 101.2 Jul 870 47308 84 48262 7570 900 39792 101.3 Turkey 2022 166 5222 85 5473 407 190 4877 14.6 2023 Proj. Jun 190 5383 42 5615 385 200 5030 15.0 Jul 190 5453 50 5693 410 200 5083 15.2 2024 Proj. Jun 200 5640 32 5872 390 200 5282 15.7 Jul 200 5640 85 5925 435 200 5290 15.7 Total Poultry6/ 2022 874 51502 268 52645 7716 1087 43841 115.2 2023 Proj. Jun 1087 52342 117 53546 7783 1085 44678 116.8 Jul 1087 52610 138 53835 7813 1075 44946 117.5 2024 Proj. Jun 1085 53503 78 54666 7976 1105 45585 118.5 Jul 1075 53503 175 54753 8021 1105 45627 118.6 RedMeat& Poultry 2022 2021 107067 5361 114449 17611 2343 94494 226.8 2023 Proj. Jun 2343 107077 5026 114446 17817 2312 94318 225.6 Jul 2343 107415 5051 114809 17946 2262 94602 226.3 2024 Proj. Jun 2312 105921 5163 113395 17752 2347 93297 222.7 Jul 2262 105811 5260 113332 17957 2267 93108 222.3 ================================================================================ WASDE - 638 - 33 July 2023 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity Jun Jul Jun Jul ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 20.0 22.5 Production 9297.9 9073.8 9279.1 9284.1 9615.0 9615.0 Imports 18.2 26.0 23.1 29.6 18.0 19.0 Total Supply 9340.6 9118.9 9320.9 9332.5 9653.0 9656.5 Use Exports 392.1 226.5 207.7 285.3 245.0 265.0 Hatching Use 1103.9 1116.4 1126.4 1126.4 1145.0 1145.0 Ending Stocks 19.1 18.8 20.0 22.5 20.0 19.5 Disappearance Total 7825.4 7757.2 7966.9 7898.3 8243.0 8227.0 Per Capita (number) 282.5 279.0 285.1 282.6 293.2 292.7 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity Jun Jul Jun Jul ================================================================================ Billion Pounds Milk Production 226.3 226.5 228.4 228.4 230.8 230.6 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 14.6 14.6 Marketings 225.3 225.5 227.4 227.4 229.8 229.6 Imports 6.5 7.1 7.8 7.8 7.7 7.6 Total Supply 247.4 246.9 249.7 249.6 252.0 251.8 FatBasisUse Exports 11.5 13.4 11.9 11.6 12.8 12.6 Ending Stocks 14.3 14.4 14.6 14.6 14.6 14.6 Domestic Use 221.6 219.1 223.2 223.4 224.7 224.6 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 12.1 12.0 Marketings 225.3 225.5 227.4 227.4 229.8 229.6 Imports 5.8 6.7 6.7 6.5 7.0 6.9 Total Supply 241.9 243.3 245.8 245.6 248.8 248.5 Skim-solidBasisUse Exports 50.6 52.9 51.1 50.9 53.8 53.8 Ending Stocks 11.1 11.7 12.1 12.0 12.1 12.1 Domestic Use 180.2 178.7 182.7 182.6 182.9 182.7 ================================================================================ WASDE - 638 - 34 July 2023 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. ity Jun Jul Jun Jul ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.730 1.675 1.775 1.690 Butter 1.7325 2.8665 2.435 2.435 2.335 2.345 Nonfat Dry Milk 1.2693 1.6851 1.190 1.170 1.130 1.125 Dry Whey 0.5744 0.6057 0.370 0.350 0.360 0.315 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 16.70 16.05 17.00 15.95 Class IV 16.09 24.47 18.35 18.20 17.45 17.45 All Milk 3/ 18.53 25.34 19.95 19.55 19.65 19.10 ================================================================================ WASDE - 638 - 35 July 2023 Reliability of July Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 2.7 4.6 14.0 1.0 34.6 25 17 U.S. 3.7 6.2 1.6 0.0 6.2 19 23 Foreign 3.0 5.0 13.8 0.3 34.7 26 16 Exports World 5.9 9.9 6.6 0.2 18.7 28 14 U.S. 11.3 19.0 2.6 0.2 10.0 23 19 Foreign 7.2 12.1 6.3 0.1 21.3 29 13 Domestic Use World 2.0 3.4 9.6 0.3 30.0 26 16 U.S. 7.0 11.8 1.8 0.0 5.0 15 27 Foreign 2.0 3.4 9.4 1.3 29.8 28 14 Ending Stocks World 9.4 15.8 11.9 0.1 35.3 28 14 U.S. 17.8 29.9 3.0 0.2 13.9 23 19 Foreign 9.8 16.5 10.3 0.3 31.7 29 13 COARSE GRAINS 2/ Production World 2.8 4.7 22.8 1.3 68.4 22 20 U.S. 9.7 16.4 15.4 0.0 57.9 19 23 Foreign 2.5 4.2 14.3 1.1 53.0 22 20 Exports World 7.5 12.7 7.8 0.6 23.8 28 14 U.S. 26.4 44.5 8.4 0.2 24.4 16 26 Foreign 13.6 22.9 7.3 0.2 19.7 29 13 Domestic Use World 1.7 2.9 14.3 0.0 46.0 22 20 U.S. 4.3 7.3 6.8 0.0 22.2 25 17 Foreign 1.9 3.2 11.8 1.0 40.6 23 19 Ending Stocks World 18.1 30.5 22.4 1.6 171.9 26 16 U.S. 42.6 71.7 12.8 0.4 50.5 18 24 Foreign 15.8 26.7 15.0 0.2 155.2 30 12 RICE, milled Production World 2.3 3.9 6.7 0.4 24.0 26 16 U.S. 5.5 9.2 0.3 0.0 0.8 20 20 Foreign 2.3 3.9 6.7 0.5 24.3 26 16 Exports World 9.0 15.2 1.8 0.0 6.7 30 12 U.S. 11.2 18.9 0.2 0.0 1.0 17 21 Foreign 9.8 16.6 1.8 0.0 6.5 30 12 Domestic Use World 1.9 3.2 4.7 0.2 22.9 27 15 U.S. 8.1 13.6 0.2 0.0 0.5 16 25 Foreign 2.0 3.3 4.7 0.2 22.9 27 15 Ending Stocks World 13.3 22.4 7.0 0.1 26.5 31 11 U.S. 28.9 48.7 0.3 0.0 1.0 24 17 Foreign 14.5 24.4 7.1 0.2 26.0 32 10 ================================================================================ WASDE - 638 - 36 July 2023 Reliability of July Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 5.2 8.7 8.4 0.5 33.2 19 23 U.S. 6.9 11.6 3.7 0.0 11.7 22 20 Foreign 7.6 12.7 7.4 1.0 34.1 21 21 Exports World 7.6 12.8 3.9 0.0 17.0 26 16 U.S. 12.7 21.4 3.0 0.1 9.3 23 19 Foreign 19.1 32.2 3.3 0.0 19.5 25 17 Domestic Use World 3.8 6.3 5.8 0.5 16.4 23 19 U.S. 5.0 8.4 1.6 0.0 4.9 24 18 Foreign 4.1 6.9 5.2 0.1 16.1 23 19 Ending Stocks World 14.9 25.2 4.9 0.0 26.1 23 19 U.S. 61.5 103.5 3.0 0.0 13.4 14 27 Foreign 18.3 30.8 4.3 0.0 21.8 27 15 COTTON Production World 5.5 9.3 3.8 0.0 14.9 23 19 U.S. 10.0 16.8 1.4 0.1 5.3 21 21 Foreign 5.6 9.5 3.0 0.0 12.1 21 20 Exports World 10.7 18.0 2.6 0.1 11.6 23 19 U.S. 26.1 43.9 1.3 0.1 3.6 24 18 Foreign 14.0 23.5 2.0 0.0 9.8 19 23 Domestic Use World 5.4 9.1 3.7 0.0 21.6 19 23 U.S. 10.8 18.2 0.5 0.0 1.4 19 22 Foreign 5.5 9.2 3.6 0.1 21.0 18 24 Ending Stocks World 15.8 26.6 6.2 0.2 20.1 26 16 U.S. 41.9 70.6 1.5 0.1 4.9 19 23 Foreign 15.4 26.0 5.4 0.5 19.5 28 14 ================================================================================ WASDE - 638 - 37 July 2023 Reliability of United States July Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 10.6 17.9 558 12 2190 22 20 Exports 27.1 45.7 295 0 900 16 24 Domestic Use 4.7 7.9 265 0 770 25 16 Ending Stocks 50.9 85.7 465 11 1840 19 23 SORGHUM Production 23.1 38.9 69 3 213 24 18 Exports 51.8 87.2 51 0 195 20 21 Domestic Use 29.0 48.9 51 3 139 18 24 Ending Stocks 64.0 107.8 43 0 174 15 26 BARLEY Production 7.5 12.6 19 0 87 14 27 Exports 74.0 124.6 13 0 92 25 15 Domestic Use 9.7 16.4 23 0 87 17 24 Ending Stocks 21.3 35.9 24 0 114 18 23 OATS Production 12.4 20.9 18 0 144 7 33 Exports 92.6 155.9 1 0 8 12 12 Domestic Use 6.8 11.4 15 0 67 11 27 Ending Stocks 23.4 39.3 13 0 68 16 24 Thousand Short Tons SOYBEAN MEAL Production 5.0 8.4 1196 118 4432 29 13 Exports 14.6 24.5 843 0 2450 23 18 Domestic Use 5.4 9.1 889 0 4470 20 21 Ending Stocks 39.0 65.7 52 0 413 11 19 Million Pounds SOYBEAN OIL Production 4.8 8.0 586 55 2130 30 12 Exports 46.5 78.4 434 0 1575 23 18 Domestic Use 4.2 7.1 501 0 2300 24 17 Ending Stocks 38.2 64.3 462 15 1568 22 20 ANIMAL PROD. 3/ Million Pounds Beef 3.8 6.5 743 60 2677 20 9 Pork 2.8 4.8 444 20 1372 13 16 Broilers 2.1 3.6 630 20 1338 13 16 Turkeys 3.9 6.7 170 2 468 10 19 Million Dozen Eggs 1.8 3.1 110 4 445 19 10 Billion Pounds Milk 1.6 2.7 2.3 0.1 7.0 17 12 ================================================================================