WASDE - 649 - 8 June 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 2754.91 3553.34 495.61 2770.77 782.57 2023/24 (Est.) 2810.04 3592.61 514.71 2817.13 775.48 2024/25 (Proj.) May 2838.41 3610.70 502.69 2841.53 769.17 Jun 2829.56 3605.04 499.98 2837.15 767.89 Wheat 2022/23 789.20 1062.46 220.66 791.42 271.04 2023/24 (Est.) 787.59 1058.63 218.95 799.08 259.56 2024/25 (Proj.) May 798.19 1055.98 216.00 802.37 253.61 Jun 790.75 1050.31 212.81 798.04 252.27 Coarse Grains 5/ 2022/23 1449.90 1791.39 220.33 1459.28 332.11 2023/24 (Est.) 1502.44 1834.55 241.95 1495.42 339.13 2024/25 (Proj.) May 1512.62 1852.20 232.92 1512.76 339.45 Jun 1511.19 1850.31 233.28 1512.67 337.64 Rice, milled 2022/23 515.82 699.49 54.63 520.06 179.43 2023/24 (Est.) 520.00 699.43 53.80 522.63 176.79 2024/25 (Proj.) May 527.61 702.52 53.76 526.40 176.12 Jun 527.63 704.42 53.89 526.44 177.98 United States Total Grains 4/ 2022/23 406.43 471.36 67.73 350.03 53.60 2023/24 (Est.) 459.13 520.48 83.58 362.85 74.05 2024/25 (Proj.) May 449.32 530.61 86.85 365.07 78.69 Jun 449.79 531.03 87.53 365.07 78.43 Wheat 2022/23 44.90 66.57 20.65 30.42 15.50 2023/24 (Est.) 49.31 68.63 19.60 30.32 18.71 2024/25 (Proj.) May 50.56 72.54 21.09 30.59 20.85 Jun 51.02 73.00 21.77 30.59 20.64 Coarse Grains 5/ 2022/23 356.45 397.18 45.04 315.00 37.14 2023/24 (Est.) 402.89 442.59 60.97 327.54 54.07 2024/25 (Proj.) May 391.77 448.37 62.59 329.40 56.39 Jun 391.77 448.36 62.59 329.40 56.38 Rice, milled 2022/23 5.08 7.61 2.04 4.61 0.96 2023/24 (Est.) 6.93 9.27 3.02 4.99 1.27 2024/25 (Proj.) May 6.99 9.70 3.18 5.08 1.45 Jun 6.99 9.67 3.18 5.08 1.41 ================================================================================ WASDE - 649 - 9 June 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 2348.48 3081.99 427.88 2420.74 728.98 2023/24 (Est.) 2350.90 3072.13 431.13 2454.28 701.43 2024/25 (Proj.) May 2389.09 3080.10 415.83 2476.46 690.49 Jun 2379.78 3074.01 412.45 2472.08 689.46 Wheat 2022/23 744.30 995.89 200.01 761.00 255.54 2023/24 (Est.) 738.28 990.01 199.36 768.76 240.84 2024/25 (Proj.) May 747.63 983.45 194.91 771.78 232.76 Jun 739.73 977.31 191.04 767.45 231.63 Coarse Grains 5/ 2022/23 1093.45 1394.21 175.29 1144.28 294.97 2023/24 (Est.) 1099.56 1391.96 180.98 1167.88 285.06 2024/25 (Proj.) May 1120.85 1403.84 170.34 1183.36 283.06 Jun 1119.41 1401.96 170.70 1183.28 281.26 Rice, milled 2022/23 510.73 691.88 52.58 515.46 178.47 2023/24 (Est.) 513.07 690.16 50.79 517.65 175.53 2024/25 (Proj.) May 520.61 692.82 50.59 521.32 174.67 Jun 520.63 694.75 50.71 521.36 176.57 ================================================================================ 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 2022/23 116.41 191.09 37.11 111.70 80.67 2023/24 (Est.) 113.78 194.45 44.28 113.07 80.97 2024/25 (Proj.) May 119.05 199.52 44.98 116.86 83.01 Jun 119.14 200.11 44.95 116.94 83.49 United States 2022/23 14.47 18.52 12.77 2.05 4.25 2023/24 (Est.) 12.07 16.32 11.80 1.85 2.85 2024/25 (Proj.) May 16.00 18.41 13.00 1.90 3.70 Jun 16.00 18.86 13.00 1.90 4.10 Foreign 4/ 2022/23 101.95 172.57 24.34 109.65 76.42 2023/24 (Est.) 101.72 178.13 32.48 111.22 78.12 2024/25 (Proj.) May 103.05 181.12 31.98 114.96 79.31 Jun 103.14 181.25 31.95 115.04 79.39 ================================================================================ WASDE - 649 - 10 June 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 2022/23 637.89 749.43 201.69 525.69 118.92 2023/24 (Est.) 656.83 775.74 198.56 543.13 127.82 2024/25 (Proj.) May 687.06 815.45 206.84 560.84 144.84 Jun 685.81 813.63 206.10 559.96 143.88 Oilmeals 2022/23 357.63 377.53 97.81 355.47 17.09 2023/24 (Est.) 370.56 387.66 103.74 364.97 18.50 2024/25 (Proj.) May 384.14 402.55 106.98 377.39 20.67 Jun 383.62 402.11 107.16 377.12 20.42 Vegetable Oils 2022/23 218.34 248.25 88.93 211.27 31.90 2023/24 (Est.) 223.63 255.53 88.33 218.82 31.74 2024/25 (Proj.) May 228.28 260.08 88.27 224.91 29.91 Jun 227.89 259.63 88.15 224.84 29.79 United States Oilseeds 2022/23 125.75 136.42 55.12 64.16 8.85 2023/24 (Est.) 122.24 132.33 47.52 66.43 11.08 2024/25 (Proj.) May 131.16 143.05 50.83 70.32 13.76 Jun 131.16 143.32 50.83 70.32 14.04 Oilmeals 2022/23 49.94 54.60 13.50 40.69 0.41 2023/24 (Est.) 51.35 56.00 14.72 40.84 0.44 2024/25 (Proj.) May 54.24 58.97 15.90 42.58 0.50 Jun 54.24 58.97 16.08 42.40 0.50 Vegetable Oils 2022/23 13.18 20.75 0.33 19.28 1.14 2023/24 (Est.) 13.53 21.47 0.36 19.96 1.14 2024/25 (Proj.) May 14.29 22.54 0.37 20.93 1.24 Jun 14.29 22.53 0.42 20.88 1.23 Foreign 3/ Oilseeds 2022/23 512.14 613.01 146.57 461.53 110.07 2023/24 (Est.) 534.58 643.42 151.04 476.70 116.75 2024/25 (Proj.) May 555.90 672.40 156.01 490.52 131.08 Jun 554.65 670.31 155.26 489.64 129.84 Oilmeals 2022/23 307.69 322.94 84.31 314.79 16.68 2023/24 (Est.) 319.21 331.66 89.03 324.12 18.05 2024/25 (Proj.) May 329.90 343.58 91.08 334.81 20.17 Jun 329.37 343.14 91.08 334.72 19.92 Vegetable Oils 2022/23 205.16 227.50 88.60 191.99 30.76 2023/24 (Est.) 210.10 234.06 87.96 198.85 30.60 2024/25 (Proj.) May 213.99 237.54 87.89 203.98 28.67 Jun 213.60 237.10 87.73 203.96 28.56 ================================================================================ WASDE - 649 - 11 June 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Acres Area Planted 45.8 49.6 47.5* 47.5* Area Harvested 35.5 37.3 38.0* 38.0* Bushels Yield per Harvested Acre 46.5 48.6 48.9* 49.4* Million Bushels Beginning Stocks 674 570 688 688 Production 1650 1812 1858 1875 Imports 122 140 120 120 Supply, Total 2446 2522 2665 2682 Food 973 960 962 962 Seed 68 64 62 62 Feed and Residual 77 90 100 100 Domestic, Total 1118 1114 1124 1124 Exports 759 720 775 800 Use, Total 1876 1834 1899 1924 Ending Stocks 570 688 766 758 Avg.FarmPrice ($/bu) 2/ 8.83 7.00 6.00 6.50 ================================================================================ 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 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 18 65 7 6 44 140 Supply, Total 3/ 842 688 546 315 131 2522 Food 382 253 158 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 25 -10 90 -10 -5 90 Domestic Use 434 259 260 80 81 1114 Exports 138 240 160 155 27 720 Use, Total 572 499 420 235 108 1834 Ending Stocks, Total Jun 270 189 126 80 23 688 May 270 189 126 80 23 688 ================================================================================ WASDE - 649 - 12 June 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.3* 101.3* Area Harvested 86.6 96.0 90.5* 90.5* Metric Tons Yield per Harvested Acre 4.11 4.19 4.33 4.33 Million Metric Tons Beginning Stocks 37.5 37.1 54.1 54.0 Production 356.1 402.6 391.5 391.5 Imports 2.9 2.2 2.2 2.2 Supply, Total 396.5 442.0 447.8 447.8 Feed and Residual 142.3 148.3 149.8 149.8 Food, Seed & Industrial 172.1 178.7 179.1 179.1 Domestic, Total 314.4 327.0 328.9 328.9 Exports 45.0 61.0 62.6 62.6 Use, Total 359.4 387.9 391.4 391.4 Ending Stocks 37.1 54.0 56.4 56.4 Million Acres CORN Area Planted 88.2 94.6 90.0* 90.0* Area Harvested 78.7 86.5 82.1* 82.1* Bushels Yield per Harvested Acre 173.4 177.3 181.0* 181.0* Million Bushels Beginning Stocks 1377 1360 2022 2022 Production 13651 15342 14860 14860 Imports 39 25 25 25 Supply, Total 15066 16727 16907 16907 Feed and Residual 5486 5700 5750 5750 Food,Seed& Industrial 2/ 6558 6855 6855 6855 Ethanol & by-products 3/ 5176 5450 5450 5450 Domestic, Total 12045 12555 12605 12605 Exports 1661 2150 2200 2200 Use, Total 13706 14705 14805 14805 Ending Stocks 1360 2022 2102 2102 Avg.FarmPrice ($/bu) 4/ 6.54 4.65 4.40 4.40 ================================================================================ WASDE - 649 - 13 June 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.4* 6.4* AreaHarvested(mil.acres) 4.6 6.1 5.6* 5.6* Yield (bushels/acre) 41.1 52.0 69.3* 69.3* Beginning Stocks 47 24 22 22 Production 188 318 388 388 Imports 0 0 0 0 Supply, Total 235 342 410 410 Feed and Residual 42 50 70 70 Food, Seed & Industrial 59 25 45 45 Total Domestic 102 75 115 115 Exports 109 245 260 260 Use, Total 211 320 375 375 Ending Stocks 24 22 35 35 Avg.FarmPrice ($/bu) 2/ 6.38 4.90 4.40 4.40 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.6* 2.6* AreaHarvested(mil.acres) 2.4 2.6 2.1* 2.1* Yield (bushels/acre) 71.7 72.4 76.7* 76.7* Beginning Stocks 37 66 76 75 Production 174 185 161 161 Imports 24 14 14 14 Supply, Total 235 265 251 250 Feed and Residual 35 60 50 50 Food, Seed & Industrial 132 125 120 120 Total Domestic 167 185 170 170 Exports 2 5 3 3 Use, Total 169 190 173 173 Ending Stocks 66 75 78 77 Avg.FarmPrice ($/bu) 2/ 7.40 7.35 6.30 6.30 OATS AreaPlanted (mil. acres) 2.6 2.6 2.3* 2.3* AreaHarvested(mil.acres) 0.9 0.8 0.7* 0.7* Yield (bushels/acre) 65.5 68.6 67.1* 67.1* Beginning Stocks 33 35 34 34 Production 58 57 47 47 Imports 84 75 75 75 Supply, Total 174 167 156 156 Feed and Residual 57 50 45 45 Food, Seed & Industrial 81 81 82 82 Total Domestic 138 131 127 127 Exports 2 2 2 2 Use, Total 140 133 129 129 Ending Stocks 35 34 27 27 Avg.FarmPrice ($/bu) 2/ 4.57 3.90 3.60 3.60 ================================================================================ WASDE - 649 - 14 June 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.89 2.93* 2.93* Area Harvested 2.17 2.85 2.88* 2.88* Pounds Yield per Harvested Acre 7385 7649 7635* 7635* Million Hundredweight Beginning Stocks 2/ 39.7 30.3 40.8 39.8 Production 160.0 218.3 220.2 220.2 Imports 39.9 43.3 44.5 44.5 Supply, Total 239.7 291.8 305.5 304.5 Domestic & Residual 3/ 145.1 157.0 160.0 160.0 Exports, Total 4/ 64.3 95.0 100.0 100.0 Rough 18.1 43.0 44.0 44.0 Milled (rough equiv.) 46.2 52.0 56.0 56.0 Use, Total 209.4 252.0 260.0 260.0 Ending Stocks 30.3 39.8 45.5 44.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 18.00 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 18.0 17.0 Imports 31.9 36.0 37.0 37.0 Production 128.5 153.9 169.3 169.3 Supply, Total 7/ 185.0 211.0 224.3 223.3 Domestic & Residual 3/ 114.0 120.0 123.0 123.0 Exports 8/ 49.8 74.0 75.0 75.0 Use, Total 163.8 194.0 198.0 198.0 Ending Stocks 21.2 17.0 26.3 25.3 Avg.FarmPrice($/cwt) 6/ 16.70 16.10 14.50 14.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 Yield (pounds/acre) 8118 7963 Beginning Stocks 13.0 6.8 20.5 20.5 Imports 8.0 7.3 7.5 7.5 Production 31.6 64.4 50.9 50.9 Supply, Total 7/ 52.4 78.5 78.9 78.9 Domestic & Residual 3/ 31.1 37.0 37.0 37.0 Exports 8/ 14.5 21.0 25.0 25.0 Use, Total 45.6 58.0 62.0 62.0 Ending Stocks 6.8 20.5 16.9 16.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 25.00 19.80 19.80 California 10/ 40.90 29.00 22.00 22.00 Other States 1/ 18.20 17.90 15.00 15.00 ================================================================================ WASDE - 649 - 15 June 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 86.5* 86.5* Area Harvested 86.2 82.4 85.6* 85.6* Bushels Yield per Harvested Acre 49.6 50.6 52.0* 52.0* Million Bushels Beginning Stocks 274 264 340 350 Production 4270 4165 4450 4450 Imports 25 25 15 15 Supply, Total 4569 4454 4805 4815 Crushings 2212 2290 2425 2425 Exports 1992 1700 1825 1825 Seed 75 77 78 78 Residual 27 37 32 32 Use, Total 4305 4104 4360 4360 Ending Stocks 264 350 445 455 Avg.FarmPrice ($/bu) 2/ 14.20 12.55 11.20 11.20 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1677 1662 Production 4/ 26227 26955 28515 28515 Imports 376 550 450 450 Supply, Total 28594 29112 30642 30627 Domestic Disappearance 26609 27000 28300 28200 Biofuel 3/ 12491 13000 14000 14000 Food, Feed & other Industrial 14118 14000 14300 14200 Exports 378 450 500 600 Use, Total 26987 27450 28800 28800 Ending stocks 1607 1662 1842 1827 Avg. Price (c/lb) 2/ 65.26 48.00 42.00 42.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 400 400 Production 4/ 52493 54004 57075 57075 Imports 632 650 600 600 Supply, Total 53436 55025 58075 58075 Domestic Disappearance 38402 38625 40325 40125 Exports 14664 16000 17300 17500 Use, Total 53065 54625 57625 57625 Ending Stocks 371 400 450 450 Avg. Price ($/s.t.) 2/ 451.91 380.00 330.00 330.00 ================================================================================ WASDE - 649 - 16 June 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 1758 1724 Production 2/ 9250 9080 9232 9200 Beet Sugar 5187 5045 5111 5111 Cane Sugar 4063 4035 4121 4089 Florida 1985 2060 2036 2004 Louisiana 2001 1936 2085 2085 Texas 76 40 0 0 Imports 3614 3454 3028 3076 TRQ 3/ 1862 1798 1415 1415 Other Program 4/ 141 288 200 200 Non-program 1611 1368 1413 1460 Mexico 1156 466 1197 1197 High-tier tariff/other 455 902 216 263 Total Supply 14685 14377 14019 14000 Exports 82 198 100 100 Deliveries 12589 12455 12455 12455 Food 12473 12350 12350 12350 Other 5/ 116 105 105 105 Miscellaneous 171 0 0 0 Total Use 12843 12653 12555 12555 Ending Stocks 1843 1724 1464 1445 Stocks to Use Ratio 14.3 13.6 11.7 11.5 ================================================================================ 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. May 835 4649 575 4618 569 872 Jun 835 4718 596 4618 399 1132 2024/25 Proj. May 872 5189 525 4661 1024 900 Jun 1132 5189 343 4661 1024 978 ================================================================================ WASDE - 649 - 17 June 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item May Jun ================================================================================ Million Acres Planted 13.75 10.23 10.67* 10.67* Harvested 7.29 6.44 9.13* 9.13* Pounds Yield per Harvested Acre 953 899 842* 842* Million 480 Pound Bales Beginning Stocks 4.05 4.25 2.40 2.85 Production 14.47 12.07 16.00 16.00 Imports 0.00 0.01 0.01 0.01 Supply, Total 18.52 16.32 18.41 18.86 Domestic Use 2.05 1.85 1.90 1.90 Exports, Total 12.77 11.80 13.00 13.00 Use, Total 14.82 13.65 14.90 14.90 Unaccounted 2/ -0.55 -0.18 -0.20 -0.15 Ending Stocks 4.25 2.85 3.70 4.10 Avg. Farm Price 3/ 84.8 76.0 74.0 70.0 ================================================================================ WASDE - 649 - 18 June 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/ 273.26 789.20 212.06 154.91 791.42 220.66 271.04 World Less China 136.51 651.48 198.78 121.91 643.42 219.71 132.22 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.91 744.30 208.75 152.82 761.00 200.01 255.54 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.10 161.28 45.18 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.00 48.00 14.39 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 173.02 206.11 134.01 50.69 320.01 15.13 177.99 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.24 29.68 1.67 46.62 0.77 12.25 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/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 2023/24 Est. World 3/ 271.04 787.59 217.20 158.50 799.08 218.95 259.56 World Less China 132.22 651.00 204.20 121.50 645.08 217.95 126.15 United States 15.50 49.31 3.81 2.45 30.32 19.60 18.71 Total Foreign 255.54 738.28 213.39 156.06 768.76 199.36 240.84 Major Exporters 4/ 45.18 322.45 14.21 74.25 182.05 162.60 37.19 Argentina 3.97 15.85 0.03 0.25 7.05 8.50 4.29 Australia 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Canada 3.51 31.95 0.60 4.00 9.20 25.00 1.87 European Union 5/ 16.04 134.15 13.00 46.50 111.00 37.00 15.19 Russia 14.39 91.50 0.30 18.00 41.00 54.00 11.19 Ukraine 2.90 23.00 0.08 2.00 6.80 18.10 1.08 Major Importers 6/ 177.99 207.34 134.07 55.47 328.97 18.98 171.46 Bangladesh 0.83 1.10 6.50 0.25 7.35 0.00 1.08 Brazil 1.80 8.10 5.90 0.60 12.00 2.80 1.00 China 138.82 136.59 13.00 37.00 154.00 1.00 133.41 Japan 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ 12.25 16.37 30.90 1.75 46.85 1.80 10.87 Nigeria 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ 12.26 20.77 19.77 3.02 39.52 0.76 12.52 Southeast Asia 9/ 3.59 0.00 28.40 8.70 26.25 1.12 4.62 Selected Other India 9.50 110.55 0.12 6.75 112.34 0.33 7.50 Kazakhstan 3.27 12.11 2.50 1.30 6.25 9.00 2.63 United Kingdom 2.50 13.98 2.60 7.10 15.25 0.60 3.23 ================================================================================ WASDE - 649 - 19 June 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/ May 257.80 798.19 209.42 151.76 802.37 216.00 253.61 Jun 259.56 790.75 207.08 147.71 798.04 212.81 252.27 World Less China May 125.29 658.19 198.42 118.76 652.37 215.10 121.01 Jun 126.15 650.75 196.08 114.71 647.04 211.91 119.76 United States May 18.71 50.56 3.27 2.72 30.59 21.09 20.85 Jun 18.71 51.02 3.27 2.72 30.59 21.77 20.64 Total Foreign May 239.08 747.63 206.16 149.04 771.78 194.91 232.76 Jun 240.84 739.73 203.82 144.99 767.45 191.04 231.63 Major Exporters 4/ May 38.62 321.00 12.14 73.75 181.55 158.50 31.71 Jun 37.19 313.50 11.14 70.25 178.05 154.00 29.78 Argentina May 3.88 17.00 0.01 0.25 7.05 11.50 2.34 Jun 4.29 17.50 0.01 0.25 7.05 11.50 3.25 Australia May 3.07 29.00 0.20 3.50 7.00 22.50 2.77 Jun 3.57 29.00 0.20 3.50 7.00 22.00 3.77 Canada May 2.37 34.00 0.55 4.00 9.30 24.50 3.12 Jun 1.87 34.00 0.55 4.00 9.30 24.50 2.62 European Union 5/ May 16.69 132.00 11.00 46.50 111.25 34.00 14.44 Jun 15.19 130.50 10.00 44.50 109.25 35.00 11.44 Russia May 11.44 88.00 0.30 17.00 39.75 52.00 7.99 Jun 11.19 83.00 0.30 16.00 38.75 48.00 7.74 Ukraine May 1.18 21.00 0.08 2.50 7.20 14.00 1.06 Jun 1.08 19.50 0.08 2.00 6.70 13.00 0.96 Major Importers 6/ May 168.92 212.43 131.32 50.53 325.80 17.91 168.97 Jun 171.46 212.48 130.02 50.03 325.90 18.21 169.85 Bangladesh May 1.08 1.10 6.40 0.25 7.45 0.00 1.13 Jun 1.08 1.10 6.50 0.25 7.65 0.00 1.03 Brazil May 0.90 9.50 5.50 0.50 11.90 3.00 1.00 Jun 1.00 9.50 5.50 0.50 11.90 3.00 1.10 China May 132.51 140.00 11.00 33.00 150.00 0.90 132.61 Jun 133.41 140.00 11.00 33.00 151.00 0.90 132.51 Japan May 1.13 1.16 5.30 0.65 6.10 0.30 1.19 Jun 1.13 1.16 5.30 0.65 6.10 0.30 1.19 N. Africa 7/ May 10.47 16.00 31.50 1.65 47.00 1.10 9.87 Jun 10.87 16.05 31.40 1.65 46.80 1.40 10.12 Nigeria May 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Jun 0.33 0.12 4.80 0.00 4.50 0.38 0.37 Sel. Mideast 8/ May 12.52 22.09 19.42 3.03 40.11 0.81 13.12 Jun 12.52 22.09 19.42 3.03 40.11 0.81 13.12 Southeast Asia 9/ May 4.52 0.00 26.90 8.05 25.95 1.14 4.33 Jun 4.62 0.00 26.80 7.95 25.85 1.14 4.43 India May 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Jun 7.50 114.00 0.30 6.00 113.00 0.30 8.50 Kazakhstan May 2.13 14.50 2.00 1.50 6.45 10.50 1.68 Jun 2.63 14.50 2.00 1.50 6.45 10.50 2.18 United Kingdom May 3.13 11.20 3.00 6.00 14.00 0.60 2.73 Jun 3.23 10.85 3.00 6.00 14.00 0.60 2.48 ================================================================================ WASDE - 649 - 20 June 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/ 341.49 1449.90 213.05 892.28 1459.28 220.33 332.11 World Less China 131.47 1164.20 180.43 662.03 1137.72 220.32 125.34 United States 37.48 356.45 3.25 142.39 315.00 45.04 37.14 Total Foreign 304.02 1093.45 209.79 749.89 1144.29 175.29 294.97 Major Exporters 4/ 30.35 331.36 4.57 139.45 191.20 145.86 29.23 Argentina 5.58 42.91 0.02 11.70 17.63 28.75 2.14 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92 Brazil 4.47 143.49 1.98 67.35 84.99 54.28 10.67 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/ 38.48 229.17 135.92 273.25 354.36 13.05 36.17 European Union 6/ 18.81 132.96 25.49 112.08 150.34 11.10 15.80 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.76 31.12 32.85 54.91 62.69 1.05 6.99 Saudi Arabia 1.41 0.25 7.61 7.51 7.85 0.00 1.41 Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.02 285.70 32.62 230.25 321.57 0.01 206.77 2023/24 Est. World 3/ 332.11 1502.44 228.17 914.12 1495.42 241.95 339.13 World Less China 125.34 1205.30 184.97 671.72 1160.62 241.93 126.85 United States 37.14 402.89 2.56 148.42 327.54 60.97 54.07 Total Foreign 294.97 1099.56 225.60 765.70 1167.88 180.98 285.06 Major Exporters 4/ 29.23 326.57 5.71 138.91 190.99 151.57 18.93 Argentina 2.14 61.38 0.02 12.21 18.47 42.60 2.46 Australia 3.92 14.54 0.00 5.86 7.74 8.86 1.86 Brazil 10.67 128.15 1.88 68.64 86.18 50.14 4.38 Canada 3.72 27.16 3.30 17.41 25.35 5.80 3.03 Russia 2.32 42.54 0.10 21.54 30.64 12.60 1.72 Ukraine 3.79 38.28 0.02 6.77 9.40 28.55 4.14 Major Importers 5/ 36.17 229.42 139.26 275.19 358.68 14.23 31.94 European Union 6/ 15.80 135.96 23.15 109.80 149.47 11.10 14.35 Japan 1.45 0.25 17.01 13.32 17.22 0.00 1.49 Mexico 5.20 28.42 21.90 32.78 52.73 0.05 2.74 N. Afr & Mideast 7/ 6.99 33.32 36.29 59.45 67.88 2.52 6.21 Saudi Arabia 1.41 0.24 6.01 5.92 6.26 0.00 1.40 Southeast Asia 8/ 2.86 30.96 18.51 40.05 48.50 0.56 3.26 South Korea 1.91 0.16 11.71 9.34 11.83 0.00 1.96 Selected Other China 206.77 297.14 43.20 242.40 334.80 0.03 212.28 ================================================================================ WASDE - 649 - 21 June 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/ May 339.58 1512.62 225.14 936.85 1512.76 232.92 339.45 Jun 339.13 1511.19 227.31 936.77 1512.67 233.28 337.64 World Less China May 127.90 1212.32 183.69 689.20 1172.81 232.90 125.99 Jun 126.85 1210.89 185.66 688.92 1172.52 233.26 123.58 United States May 54.08 391.77 2.51 149.86 329.40 62.59 56.39 Jun 54.07 391.77 2.51 149.86 329.40 62.59 56.38 Total Foreign May 285.50 1120.85 222.63 786.99 1183.36 170.34 283.06 Jun 285.06 1119.41 224.80 786.91 1183.28 170.70 281.26 Major Exporters 4/ May 20.24 329.33 4.58 140.54 193.05 143.36 17.75 Jun 18.93 328.73 4.58 140.49 192.80 143.56 15.90 Argentina May 2.43 59.99 0.01 12.43 18.84 40.70 2.89 Jun 2.46 59.49 0.01 12.43 18.84 40.40 2.71 Australia May 1.86 14.87 0.00 5.49 7.36 7.61 1.76 Jun 1.86 15.37 0.00 5.44 7.31 8.16 1.76 Brazil May 4.38 133.76 2.02 70.05 87.59 49.09 3.49 Jun 4.38 133.76 2.02 70.05 87.59 49.09 3.49 Canada May 3.03 28.68 2.29 17.40 25.45 5.73 2.82 Jun 3.03 28.68 2.29 17.40 25.45 5.73 2.81 Russia May 2.12 41.53 0.10 21.96 31.13 10.65 1.97 Jun 1.72 40.43 0.10 21.86 30.83 10.20 1.22 Ukraine May 4.24 32.97 0.02 6.16 8.58 26.36 2.29 Jun 4.14 33.47 0.02 6.26 8.68 26.76 2.19 Major Importers 5/ May 31.66 243.12 140.25 285.70 369.49 13.30 32.25 Jun 31.94 242.42 140.42 285.57 369.36 13.10 32.32 European Union 6/ May 14.27 148.19 19.49 114.79 154.68 11.97 15.30 Jun 14.35 147.49 19.49 114.49 154.38 11.77 15.18 Japan May 1.49 0.26 16.91 13.45 17.20 0.00 1.47 Jun 1.49 0.26 16.91 13.45 17.20 0.00 1.47 Mexico May 2.74 30.36 22.58 33.00 53.00 0.05 2.62 Jun 2.74 30.36 22.58 33.00 53.00 0.05 2.62 N. Afr & Mideast 7/ May 6.01 32.29 38.04 61.54 69.76 0.72 5.87 Jun 6.21 32.29 38.06 61.56 69.78 0.72 6.06 Saudi Arabia May 1.40 0.24 7.61 7.52 7.86 0.00 1.39 Jun 1.40 0.24 7.61 7.52 7.86 0.00 1.39 Southeast Asia 8/ May 3.26 31.51 19.06 41.35 50.20 0.56 3.05 Jun 3.26 31.51 19.21 41.50 50.35 0.56 3.05 South Korea May 1.96 0.16 11.80 9.43 11.92 0.00 2.00 Jun 1.96 0.16 11.80 9.43 11.92 0.00 2.00 China May 211.68 300.30 41.45 247.65 339.95 0.03 213.46 Jun 212.28 300.30 41.65 247.85 340.15 0.03 214.06 ================================================================================ WASDE - 649 - 22 June 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2022/23 World 3/ 313.73 1157.95 173.37 732.39 1170.75 180.34 300.94 World Less China 104.60 880.75 154.66 514.39 871.75 180.33 94.90 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 278.76 811.21 172.39 593.03 864.80 138.15 266.38 Major Exporters 4/ 19.40 232.93 1.45 91.34 120.34 115.97 17.47 Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.94 13.24 3.44 2.40 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.59 118.42 95.23 157.55 211.85 5.10 20.29 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.19 55.80 75.10 4.20 7.69 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.41 16.25 38.15 46.30 0.80 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 300.94 1228.10 186.58 760.22 1216.65 199.11 312.39 World Less China 94.90 939.26 163.58 535.22 909.65 199.09 101.53 United States 34.55 389.69 0.64 144.79 318.91 54.61 51.36 Total Foreign 266.38 838.41 185.94 615.44 897.74 144.50 261.03 Major Exporters 4/ 17.47 236.60 1.53 93.30 122.50 123.00 10.10 Argentina 1.32 53.00 0.02 10.40 14.80 38.00 1.54 Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84 Russia 0.91 16.60 0.05 9.70 10.80 6.00 0.76 South Africa 2.40 14.00 0.15 6.30 12.50 3.00 1.05 Ukraine 2.80 31.00 0.02 3.90 4.90 26.00 2.91 Major Importers 5/ 20.29 122.62 99.10 163.15 218.70 5.01 18.29 Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41 European Union 6/ 7.69 61.00 21.00 57.50 77.70 4.40 7.59 Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico 4.50 23.30 21.10 28.00 46.60 0.05 2.25 Southeast Asia 7/ 2.85 30.91 17.80 39.55 47.75 0.56 3.25 South Korea 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Selected Other Canada 1.63 15.08 3.20 11.00 16.50 1.80 1.60 China 206.04 288.84 23.00 225.00 307.00 0.02 210.86 ================================================================================ WASDE - 649 - 23 June 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/ May 313.08 1219.93 184.37 774.03 1220.75 191.10 312.27 Jun 312.39 1220.54 186.16 774.44 1222.16 191.75 310.77 World Less China May 102.22 927.93 161.37 543.03 907.75 191.08 99.42 Jun 101.53 928.54 163.16 543.44 909.16 191.73 97.93 United States May 51.36 377.46 0.64 146.06 320.18 55.88 53.39 Jun 51.36 377.46 0.64 146.06 320.18 55.88 53.39 Total Foreign May 261.72 842.47 183.74 627.98 900.57 135.21 258.88 Jun 261.03 843.08 185.53 628.39 901.98 135.86 257.38 Major Exporters 4/ May 11.12 238.00 1.58 94.50 124.05 117.40 9.25 Jun 10.10 238.10 1.58 94.60 124.15 117.70 7.92 Argentina May 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Jun 1.54 51.00 0.01 10.30 14.80 36.00 1.74 Brazil May 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Jun 3.84 127.00 1.50 64.00 80.50 49.00 2.84 Russia May 0.96 16.00 0.05 9.80 10.90 5.20 0.91 Jun 0.76 15.40 0.05 9.70 10.80 5.00 0.41 South Africa May 1.87 17.00 0.00 6.90 13.40 3.20 2.27 Jun 1.05 17.00 0.00 6.90 13.40 3.20 1.45 Ukraine May 2.91 27.00 0.02 3.50 4.45 24.00 1.48 Jun 2.91 27.70 0.02 3.70 4.65 24.50 1.48 Major Importers 5/ May 18.21 129.07 97.95 166.45 222.55 4.81 17.87 Jun 18.29 129.07 98.10 166.70 222.80 4.81 17.85 Egypt May 1.41 7.60 8.00 13.10 15.60 0.00 1.41 Jun 1.41 7.60 8.00 13.10 15.60 0.00 1.41 European Union 6/ May 7.51 64.80 18.00 58.20 78.60 4.20 7.51 Jun 7.59 64.80 18.00 58.30 78.70 4.20 7.49 Japan May 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Jun 1.31 0.02 15.50 12.20 15.55 0.00 1.27 Mexico May 2.25 25.00 21.80 28.20 46.90 0.05 2.10 Jun 2.25 25.00 21.80 28.20 46.90 0.05 2.10 Southeast Asia 7/ May 3.25 31.46 18.25 40.75 49.35 0.56 3.05 Jun 3.25 31.46 18.40 40.90 49.50 0.56 3.05 South Korea May 1.94 0.10 11.70 9.40 11.75 0.00 1.99 Jun 1.94 0.10 11.70 9.40 11.75 0.00 1.99 Canada May 1.60 15.00 2.20 10.00 15.50 1.70 1.60 Jun 1.60 15.00 2.20 10.00 15.50 1.70 1.60 China May 210.86 292.00 23.00 231.00 313.00 0.02 212.84 Jun 210.86 292.00 23.00 231.00 313.00 0.02 212.84 ================================================================================ WASDE - 649 - 24 June 2024 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2022/23 World 3/ 183.68 515.82 56.64 520.06 54.63 179.43 World Less China 70.68 369.87 52.26 365.07 52.89 72.83 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.42 510.73 55.38 515.46 52.58 178.47 Major Exporters 4/ 44.44 202.70 2.81 163.11 42.54 44.31 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 7.30 0.01 3.90 3.76 2.03 Thailand 4.13 20.91 0.05 12.60 8.74 3.75 Vietnam 2.86 26.94 2.75 21.90 8.23 2.42 Major Importers 5/ 125.49 238.77 23.40 263.69 2.16 121.80 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.53 1.97 3.34 0.05 0.68 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 3.95 0.06 1.35 2023/24 Est. World 3/ 179.43 520.00 51.44 522.63 53.80 176.79 World Less China 72.83 375.38 49.84 374.41 52.20 73.79 United States 0.96 6.93 1.38 4.99 3.02 1.27 Total Foreign 178.47 513.07 50.07 517.65 50.79 175.53 Major Exporters 4/ 44.31 204.95 2.86 166.15 40.70 45.26 Burma 1.11 11.95 0.00 10.10 2.00 0.96 India 35.00 137.00 0.00 117.50 16.00 38.50 Pakistan 2.03 9.00 0.01 3.95 5.90 1.18 Thailand 3.75 20.00 0.10 12.60 8.50 2.75 Vietnam 2.42 27.00 2.75 22.00 8.30 1.87 Major Importers 5/ 121.80 237.20 19.78 258.57 1.99 118.21 China 106.60 144.62 1.60 148.22 1.60 103.00 European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68 Indonesia 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria 2.18 5.36 1.80 7.50 0.00 1.83 Philippines 3.48 12.50 4.70 16.80 0.00 3.88 Sel. Mideast 7/ 1.27 2.02 4.70 6.55 0.00 1.44 Selected Other Brazil 0.62 7.00 1.30 7.15 1.10 0.67 C. Amer & Carib 8/ 0.68 1.51 1.74 3.18 0.03 0.71 Egypt 0.60 3.78 0.35 4.10 0.01 0.63 Japan 1.81 7.27 0.69 8.00 0.08 1.69 Mexico 0.09 0.15 0.83 0.98 0.01 0.08 South Korea 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 649 - 25 June 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/ May 174.91 527.61 49.97 526.40 53.76 176.12 Jun 176.79 527.63 50.63 526.44 53.89 177.98 World Less China May 71.91 381.61 48.47 381.40 52.26 72.12 Jun 73.79 381.63 49.13 381.44 52.39 73.98 United States May 1.30 6.99 1.41 5.08 3.18 1.45 Jun 1.27 6.99 1.41 5.08 3.18 1.41 Total Foreign May 173.61 520.61 48.56 521.32 50.59 174.67 Jun 175.53 520.63 49.22 521.36 50.71 176.57 Major Exporters 4/ May 44.01 206.70 3.06 169.00 40.00 44.77 Jun 45.26 206.70 3.06 168.90 40.10 46.02 Burma May 0.96 12.10 0.01 10.20 1.80 1.07 Jun 0.96 12.10 0.01 10.20 1.80 1.07 India May 36.50 138.00 0.00 120.00 18.00 36.50 Jun 38.50 138.00 0.00 120.00 18.00 38.50 Pakistan May 1.53 9.50 0.00 4.10 5.20 1.73 Jun 1.18 9.50 0.00 4.00 5.30 1.38 Thailand May 2.85 20.10 0.10 12.60 7.50 2.95 Jun 2.75 20.10 0.10 12.60 7.50 2.85 Vietnam May 2.17 27.00 2.95 22.10 7.50 2.52 Jun 1.87 27.00 2.95 22.10 7.50 2.22 Major Importers 5/ May 117.68 241.47 17.55 257.10 1.95 117.66 Jun 118.21 241.47 18.05 257.40 1.95 118.39 China May 103.00 146.00 1.50 145.00 1.50 104.00 Jun 103.00 146.00 1.50 145.00 1.50 104.00 European Union 6/ May 0.68 1.72 2.20 3.35 0.40 0.85 Jun 0.68 1.72 2.20 3.35 0.40 0.85 Indonesia May 5.22 34.00 1.50 36.50 0.00 4.22 Jun 5.22 34.00 1.50 36.50 0.00 4.22 Nigeria May 1.83 5.48 2.00 7.60 0.00 1.71 Jun 1.83 5.48 2.00 7.60 0.00 1.71 Philippines May 3.58 12.70 4.20 17.10 0.00 3.38 Jun 3.88 12.70 4.70 17.40 0.00 3.88 Sel. Mideast 7/ May 1.34 2.28 4.70 6.85 0.00 1.46 Jun 1.44 2.28 4.70 6.85 0.00 1.56 Brazil May 0.66 7.50 1.00 6.95 1.30 0.91 Jun 0.67 7.50 0.95 6.95 1.30 0.87 C. Amer & Carib 8/ May 0.68 1.55 1.84 3.31 0.03 0.72 Jun 0.71 1.55 1.85 3.34 0.03 0.74 Egypt May 0.63 3.60 0.40 4.15 0.01 0.47 Jun 0.63 3.60 0.40 4.15 0.01 0.47 Japan May 1.69 7.20 0.69 7.95 0.08 1.55 Jun 1.69 7.20 0.69 7.95 0.08 1.55 Mexico May 0.08 0.16 0.84 0.99 0.01 0.08 Jun 0.08 0.16 0.84 0.99 0.01 0.08 South Korea May 1.48 3.60 0.44 3.90 0.13 1.49 Jun 1.48 3.60 0.44 3.90 0.13 1.49 ================================================================================ WASDE - 649 - 26 June 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 74.67 116.41 37.65 111.70 37.11 -0.73 80.67 World Less China 36.73 85.71 31.42 74.20 37.01 -0.73 43.39 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 70.62 101.95 37.65 109.65 24.34 -0.19 76.42 Major Exporters 4/ 21.74 55.76 2.38 32.32 20.06 -0.20 27.70 Central Asia 5/ 2.72 5.54 0.01 3.53 1.13 0.00 3.61 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 24.00 1.10 0.00 11.32 Major Importers 8/ 46.55 42.88 32.86 73.57 3.01 0.02 45.70 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 37.94 30.70 6.23 37.50 0.09 0.00 37.28 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 80.67 113.78 43.52 113.07 44.28 -0.35 80.97 World Less China 43.39 86.28 28.72 74.57 44.21 -0.35 39.97 United States 4.25 12.07 0.01 1.85 11.80 -0.18 2.85 Total Foreign 76.42 101.72 43.51 111.22 32.48 -0.18 78.12 Major Exporters 4/ 27.70 58.75 1.61 33.60 27.95 -0.18 26.68 Central Asia 5/ 3.61 5.20 0.01 3.88 1.48 0.00 3.46 Afr. Fr. Zone 6/ 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ 11.34 21.91 0.15 4.15 19.37 -0.18 10.06 Australia 4.78 5.00 3/ 0.01 5.80 -0.18 4.15 Brazil 4.01 14.57 0.01 3.10 12.40 0.00 3.09 India 11.32 26.20 0.95 24.80 2.20 0.00 11.47 Major Importers 8/ 45.70 39.51 39.32 73.69 2.78 0.00 48.06 Mexico 0.38 0.90 0.60 1.40 0.23 0.00 0.25 China 37.28 27.50 14.80 38.50 0.08 0.00 41.01 European Union 9/ 0.39 1.05 0.52 0.55 0.95 0.00 0.46 Turkey 2.63 3.20 3.50 6.50 1.40 0.00 1.43 Pakistan 1.53 6.70 2.70 9.20 0.10 0.00 1.63 Indonesia 0.36 3/ 1.85 1.80 0.02 0.00 0.40 Thailand 0.14 3/ 0.42 0.46 0.00 0.00 0.10 Bangladesh 1.73 0.16 7.40 7.70 0.00 0.00 1.59 Vietnam 1.05 3/ 6.90 6.90 0.00 0.00 1.05 ================================================================================ WASDE - 649 - 27 June 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 May 80.48 119.05 44.95 116.86 44.98 -0.37 83.01 Jun 80.97 119.14 44.95 116.94 44.95 -0.32 83.49 World Less China May 39.35 92.05 32.95 77.86 44.88 -0.37 41.98 Jun 39.97 92.14 32.95 77.94 44.88 -0.32 42.56 United States May 2.40 16.00 0.01 1.90 13.00 -0.20 3.70 Jun 2.85 16.00 0.01 1.90 13.00 -0.15 4.10 Total Foreign May 78.08 103.05 44.94 114.96 31.98 -0.18 79.31 Jun 78.12 103.14 44.95 115.04 31.95 -0.18 79.39 Major Exporters 4/ May 26.56 59.83 2.22 34.43 27.77 -0.18 26.59 Jun 26.68 59.83 2.22 34.42 27.77 -0.18 26.72 Central Asia 5/ May 3.24 5.19 0.03 4.10 1.31 0.00 3.05 Jun 3.46 5.19 0.03 4.09 1.36 0.00 3.23 Afr. Fr. Zone 6/ May 1.33 5.12 3/ 0.10 4.90 0.00 1.45 Jun 1.33 5.12 3/ 0.10 4.90 0.00 1.45 S. Hemis. 7/ May 10.12 24.05 0.15 4.36 19.13 -0.18 11.00 Jun 10.06 24.05 0.15 4.36 19.18 -0.18 10.89 Australia May 3.95 5.00 3/ 0.01 5.30 -0.18 3.81 Jun 4.15 5.00 3/ 0.01 5.40 -0.18 3.91 Brazil May 3.29 16.70 0.01 3.30 12.50 0.00 4.20 Jun 3.09 16.70 0.01 3.30 12.50 0.00 4.00 India May 11.52 25.00 1.50 25.20 2.00 0.00 10.82 Jun 11.47 25.00 1.50 25.20 1.90 0.00 10.87 Major Importers 8/ May 48.21 39.82 40.02 76.57 2.42 0.00 49.06 Jun 48.06 39.82 40.01 76.57 2.39 0.00 48.94 Mexico May 0.25 0.80 0.90 1.50 0.20 0.00 0.25 Jun 0.25 0.80 0.90 1.50 0.20 0.00 0.25 China May 41.13 27.00 12.00 39.00 0.10 0.00 41.03 Jun 41.01 27.00 12.00 39.00 0.08 0.00 40.93 European Union 9/ May 0.46 1.36 0.55 0.57 1.25 0.00 0.55 Jun 0.46 1.36 0.55 0.57 1.25 0.00 0.55 Turkey May 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Jun 1.43 4.00 4.70 7.50 0.80 0.00 1.83 Pakistan May 1.63 6.50 3.70 9.80 0.05 0.00 1.98 Jun 1.63 6.50 3.70 9.80 0.05 0.00 1.98 Indonesia May 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Jun 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand May 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Jun 0.10 3/ 0.40 0.42 0.00 0.00 0.09 Bangladesh May 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Jun 1.59 0.16 8.00 8.00 0.00 0.00 1.74 Vietnam May 1.05 3/ 7.00 7.00 0.00 0.00 1.05 Jun 1.05 3/ 7.10 7.10 0.00 0.00 1.05 ================================================================================ WASDE - 649 - 28 June 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/ 92.58 378.37 167.86 315.44 366.15 172.07 100.59 World Less China 67.43 358.09 63.36 219.44 248.65 171.98 68.25 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 85.11 262.15 167.19 255.24 303.19 117.86 93.40 Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 100.59 395.91 170.53 329.78 383.34 172.62 111.07 World Less China 68.25 375.07 65.53 230.78 261.64 172.52 74.69 United States 7.19 113.34 0.68 62.32 65.42 46.27 9.53 Total Foreign 93.40 282.57 169.85 267.45 317.92 126.35 101.54 Major Exporters 3/ 54.09 216.70 7.13 93.10 104.50 116.05 57.37 Argentina 17.00 50.00 6.50 35.50 42.75 4.60 26.15 Brazil 36.82 153.00 0.60 54.00 57.85 102.00 30.57 Paraguay 0.17 10.50 0.02 3.50 3.65 6.65 0.39 Major Importers 4/ 34.51 24.73 138.42 127.47 157.95 0.42 39.28 China 32.34 20.84 105.00 99.00 121.70 0.10 36.38 European Union 1.10 2.98 14.30 14.90 16.62 0.30 1.46 Southeast Asia 5/ 0.67 0.47 9.34 4.59 9.52 0.01 0.95 Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26 2024/25 Proj. World 2/ May 111.78 422.26 176.40 345.87 401.74 180.20 128.50 Jun 111.07 422.26 176.40 345.78 401.63 180.20 127.90 World Less China May 75.40 401.56 67.40 242.87 274.94 180.10 89.32 Jun 74.69 401.56 67.40 242.78 274.83 180.10 88.72 United States May 9.26 121.11 0.41 66.00 68.99 49.67 12.11 Jun 9.53 121.11 0.41 66.00 68.99 49.67 12.38 Total Foreign May 102.53 301.15 175.99 279.88 332.75 130.53 116.39 Jun 101.54 301.15 175.99 279.79 332.64 130.53 115.51 Major Exporters 3/ May 58.37 233.80 5.68 97.75 109.78 120.10 67.97 Jun 57.37 233.80 5.68 97.60 109.63 120.10 67.12 Argentina May 26.15 51.00 5.50 40.00 47.60 5.50 29.55 Jun 26.15 51.00 5.50 40.00 47.60 5.50 29.55 Brazil May 31.42 169.00 0.15 54.00 58.10 105.00 37.47 Jun 30.57 169.00 0.15 54.00 58.10 105.00 36.62 Paraguay May 0.54 10.70 0.02 3.65 3.83 6.80 0.63 Jun 0.39 10.70 0.02 3.50 3.68 6.80 0.63 Major Importers 4/ May 39.28 24.62 143.36 132.35 164.28 0.42 42.56 Jun 39.28 24.62 143.36 132.41 164.32 0.42 42.52 China May 36.38 20.70 109.00 103.00 126.80 0.10 39.18 Jun 36.38 20.70 109.00 103.00 126.80 0.10 39.18 European Union May 1.46 3.05 14.30 15.20 17.02 0.30 1.49 Jun 1.46 3.05 14.30 15.20 17.02 0.30 1.49 Southeast Asia 5/ May 0.95 0.46 10.01 5.00 10.16 0.01 1.24 Jun 0.95 0.46 10.01 5.00 10.16 0.01 1.24 Mexico May 0.26 0.16 6.70 6.65 6.71 0.00 0.41 Jun 0.26 0.16 6.70 6.65 6.71 0.00 0.41 ================================================================================ WASDE - 649 - 29 June 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/ 16.23 247.83 62.98 246.66 67.17 13.20 World Less China 15.52 171.79 62.94 171.61 66.38 12.26 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 15.95 200.21 62.40 211.83 53.87 12.86 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66 Argentina 2.80 23.65 0.07 3.45 20.75 2.31 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.20 258.77 67.89 254.24 71.34 14.28 World Less China 12.26 180.37 67.84 176.89 70.34 13.23 United States 0.34 48.99 0.59 35.04 14.52 0.36 Total Foreign 12.86 209.78 67.30 219.20 56.83 13.91 Major Exporters 3/ 5.66 78.15 0.07 31.27 47.05 5.56 Argentina 2.31 27.69 0.01 3.48 24.40 2.14 Brazil 3.15 41.58 0.01 20.60 21.10 3.04 India 0.20 8.88 0.05 7.19 1.55 0.39 Major Importers 4/ 1.68 22.36 38.35 59.22 0.99 2.18 European Union 0.49 11.77 15.80 26.74 0.70 0.61 Mexico 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ 1.01 3.58 18.73 21.72 0.29 1.30 China 0.94 78.41 0.05 77.35 1.00 1.05 2024/25 Proj. World 2/ May 14.19 271.31 70.94 265.64 74.51 16.29 Jun 14.28 271.24 70.94 265.65 74.60 16.21 World Less China May 13.15 189.74 70.89 185.19 73.51 15.07 Jun 13.23 189.67 70.89 185.20 73.60 14.99 United States May 0.36 51.78 0.54 36.58 15.69 0.41 Jun 0.36 51.78 0.54 36.40 15.88 0.41 Total Foreign May 13.83 219.54 70.39 229.05 58.82 15.88 Jun 13.91 219.47 70.39 229.25 58.72 15.80 Major Exporters 3/ May 5.57 81.58 0.07 32.38 49.00 5.85 Jun 5.56 81.58 0.07 32.38 49.00 5.84 Argentina May 2.14 31.20 0.01 3.55 27.30 2.50 Jun 2.14 31.20 0.01 3.55 27.30 2.50 Brazil May 3.04 41.58 0.01 21.20 20.50 2.93 Jun 3.04 41.58 0.01 21.20 20.50 2.93 India May 0.40 8.80 0.05 7.63 1.20 0.42 Jun 0.39 8.80 0.05 7.63 1.20 0.41 Major Importers 4/ May 2.17 23.04 39.70 61.19 1.19 2.53 Jun 2.18 23.09 39.70 61.32 1.19 2.45 European Union May 0.61 12.01 16.20 27.24 0.90 0.68 Jun 0.61 12.01 16.20 27.24 0.90 0.68 Mexico May 0.19 5.26 2.20 7.40 0.00 0.24 Jun 0.19 5.26 2.20 7.43 0.00 0.22 Southeast Asia 5/ May 1.30 3.90 19.55 22.94 0.29 1.53 Jun 1.30 3.90 19.55 22.99 0.29 1.48 China May 1.05 81.58 0.05 80.45 1.00 1.22 Jun 1.05 81.58 0.05 80.45 1.00 1.22 ================================================================================ WASDE - 649 - 30 June 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2022/23 World 2/ 5.10 59.62 10.96 58.94 11.73 5.01 World Less China 4.72 42.41 10.56 41.94 11.62 4.13 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.20 47.72 10.79 46.87 11.56 4.28 Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46 Argentina 0.53 5.99 0.00 2.06 4.14 0.32 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 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 1.28 1.98 0.08 0.19 2023/24 Est. World 2/ 5.01 62.37 10.63 61.33 11.40 5.28 World Less China 4.13 44.62 10.23 43.43 11.30 4.26 United States 0.73 12.23 0.25 12.25 0.20 0.75 Total Foreign 4.28 50.14 10.39 49.08 11.20 4.53 Major Exporters 3/ 1.46 21.31 0.54 13.73 8.04 1.53 Argentina 0.32 7.01 0.00 2.25 4.80 0.28 Brazil 0.49 10.80 0.04 8.95 1.80 0.58 European Union 0.56 2.83 0.50 2.46 0.80 0.64 Major Importers 4/ 1.68 21.00 5.35 26.13 0.18 1.72 China 0.87 17.74 0.40 17.90 0.10 1.02 India 0.60 2.00 2.95 5.15 0.02 0.38 North Africa 5/ 0.19 0.90 1.30 2.08 0.05 0.27 2024/25 Proj. World 2/ May 5.31 65.39 11.14 64.54 12.01 5.28 Jun 5.28 65.37 11.24 64.60 12.05 5.25 World Less China May 4.29 46.93 10.74 45.74 11.91 4.31 Jun 4.26 46.92 10.84 45.80 11.95 4.27 United States May 0.76 12.93 0.20 12.84 0.23 0.84 Jun 0.75 12.93 0.20 12.79 0.27 0.83 Total Foreign May 4.54 52.46 10.93 51.71 11.78 4.45 Jun 4.53 52.44 11.04 51.81 11.77 4.42 Major Exporters 3/ May 1.53 22.28 0.49 14.27 8.56 1.48 Jun 1.53 22.25 0.57 14.34 8.53 1.48 Argentina May 0.28 7.90 0.00 2.36 5.50 0.32 Jun 0.28 7.90 0.00 2.36 5.50 0.32 Brazil May 0.58 10.80 0.04 9.43 1.40 0.60 Jun 0.58 10.80 0.04 9.43 1.40 0.60 European Union May 0.64 2.89 0.45 2.41 1.05 0.52 Jun 0.64 2.89 0.53 2.48 1.05 0.52 Major Importers 4/ May 1.74 21.87 5.80 27.64 0.21 1.56 Jun 1.72 21.87 5.80 27.64 0.21 1.54 China May 1.02 18.46 0.40 18.80 0.10 0.97 Jun 1.02 18.46 0.40 18.80 0.10 0.97 India May 0.39 1.98 3.50 5.60 0.02 0.26 Jun 0.38 1.98 3.50 5.60 0.02 0.25 North Africa 5/ May 0.27 1.04 1.25 2.20 0.08 0.29 Jun 0.27 1.04 1.25 2.20 0.08 0.29 ================================================================================ WASDE - 649 - 31 June 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 II 6712 6593 13351 11546 1410 13106 26457 2272 58.0 III 6622 6490 13153 11681 1355 13195 26348 2311 56.0 IV 6810 7148 14003 11611 1343 13090 27094 2352 55.5 Annual 26967 27302 54448 46387 5457 52431 106880 9142 226.4 2024 I 6560 7094 13699 11430 1269 12834 26533 2266 57.0 II* 6775 6730 13550 11735 1320 13200 26750 2210 57.8 III* 6640 6820 13505 11900 1320 13365 26870 2270 56.4 IV* 6615 7460 14122 11800 1325 13265 27387 2340 56.1 MayProj. 26595 28064 54842 46805 5214 52584 107426 9230 227.3 JunProj. 26590 28104 54875 46865 5234 52664 107539 9086 227.3 2025 I* 6410 7180 13635 11800 1300 13245 26880 2355 57.2 MayProj. 25120 28400 53698 47550 5320 53450 107148 9480 229.3 JunProj. 25365 28400 53943 47550 5320 53450 107393 9470 229.3 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 II 179.02 56.69 139.3 156.2 135.8 19.17 III 184.27 69.27 115.3 132.5 135.8 19.27 IV 177.93 53.58 118.5 100.8 182.2 21.17 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II* 186.00 66.00 132.0 97.0 220.0 21.35 III* 183.00 68.00 125.0 99.0 215.0 21.85 IV* 186.00 56.00 125.0 99.0 230.0 22.65 MayProj. 183.51 62.49 127.0 95.3 198.4 21.20 JunProj. 184.01 61.24 127.5 96.8 230.9 21.60 2025 I* 186.00 59.00 124.0 95.0 170.0 22.00 MayProj. 188 60 126 105 156 20.90 JunProj. 189 60 126 105 160 21.50 ================================================================================ WASDE - 649 - 32 June 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 3727 31485 3038 638 27809 58.1 2024 Proj. May 638 26662 4171 31470 2818 585 28067 58.3 Jun 638 26657 4171 31465 2818 585 28062 58.3 2025 Proj. May 585 25187 4225 29997 2500 570 26927 55.6 Jun 585 25432 4225 30242 2500 570 27172 56.1 Pork 2023 504 27318 1143 28965 6818 471 21676 50.2 2024 Proj. May 471 28079 1203 29754 7262 445 22047 50.8 Jun 471 28119 1213 29804 7362 460 21982 50.6 2025 Proj. May 445 28415 1230 30090 7615 450 22025 50.4 Jun 460 28415 1230 30105 7615 495 21995 50.3 TotalRed Meat5/ 2023 1256 54540 5154 60950 9861 1130 49959 109.5 2024 Proj. May 1130 54934 5693 61758 10084 1052 50622 110.4 Jun 1130 54966 5706 61803 10184 1067 50552 110.3 2025 Proj. May 1052 53790 5790 60631 10120 1041 49471 107.3 Jun 1067 54035 5790 60891 10120 1086 49686 107.7 Broiler 2023 892 45890 131 46914 7265 835 38814 99.5 2024 Proj. May 835 46304 178 47317 6889 800 39628 101.0 Jun 835 46364 165 47364 6734 790 39840 101.6 2025 Proj. May 800 47041 200 48041 7025 800 40216 101.8 Jun 790 47041 180 48011 6875 800 40336 102.1 Turkey 2023 190 5457 43 5689 489 243 4957 14.8 2024 Proj. May 243 5214 31 5488 510 200 4778 14.2 Jun 243 5234 33 5510 515 210 4785 14.2 2025 Proj. May 200 5320 40 5560 515 200 4845 14.3 Jun 210 5320 40 5570 515 210 4845 14.3 Total Poultry6/ 2023 1087 51934 178 53200 7774 1085 44341 115.9 2024 Proj. May 1085 52083 211 53379 7427 1006 44946 116.8 Jun 1085 52162 200 53447 7277 1006 45164 117.4 2025 Proj. May 1006 52941 246 54193 7568 1006 45619 117.8 Jun 1006 52941 226 54173 7418 1016 45739 118.1 RedMeat& Poultry 2023 2343 106474 5332 114149 17635 2215 94300 225.4 2024 Proj. May 2215 107017 5905 115137 17512 2058 95567 227.2 Jun 2215 107128 5907 115250 17462 2073 95716 227.6 2025 Proj. May 2058 106730 6036 114824 17688 2047 95089 225.1 Jun 2073 106975 6016 115064 17538 2102 95424 225.8 ================================================================================ WASDE - 649 - 33 June 2024 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity May Jun May Jun ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 23.0 22.5 Production 9116.6 9142.4 9229.9 9085.7 9480.0 9470.0 Imports 26.0 27.6 23.3 27.3 24.0 30.0 Total Supply 9161.7 9188.7 9276.3 9136.1 9527.0 9522.5 Use Exports 226.5 250.4 260.5 237.5 269.0 264.0 Hatching Use 1117.3 1112.5 1132.2 1138.4 1135.0 1135.0 Ending Stocks 18.8 23.1 23.0 22.5 23.0 23.0 Disappearance Total 7799.1 7802.7 7860.6 7737.7 8100.0 8100.5 Per Capita (number) 280.5 279.3 279.9 275.6 286.5 286.6 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024Proj. 2024Proj. 2025Proj. 2025Proj. Commodity May Jun May Jun ================================================================================ Billion Pounds Milk Production 226.4 226.4 227.3 227.3 229.3 229.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.2 13.5 Marketings 225.4 225.4 226.3 226.3 228.3 228.3 Imports 7.1 7.4 8.2 8.6 8.1 8.2 Total Supply 246.8 247.1 248.3 248.7 249.6 250.0 FatBasisUse Exports 13.4 10.6 11.0 11.2 11.2 11.5 Ending Stocks 14.4 13.8 13.2 13.5 13.0 13.1 Domestic Use 219.1 222.8 224.2 223.9 225.3 225.3 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 9.7 10.0 Marketings 225.4 225.4 226.3 226.3 228.3 228.3 Imports 6.7 6.3 7.0 7.3 6.9 7.0 Total Supply 243.2 243.3 243.2 243.5 244.9 245.3 Skim-solidBasisUse Exports 52.9 49.9 49.3 49.3 50.2 50.5 Ending Stocks 11.7 9.9 9.7 10.0 9.5 9.5 Domestic Use 178.7 183.5 184.2 184.2 185.2 185.4 ================================================================================ WASDE - 649 - 34 June 2024 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj. ity May Jun May Jun ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.695 1.790 1.665 1.795 Butter 2.8665 2.6170 2.935 2.970 2.915 2.945 Nonfat Dry Milk 1.6851 1.1856 1.160 1.175 1.140 1.140 Dry Whey 0.6057 0.3618 0.400 0.435 0.375 0.400 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 16.75 17.90 16.30 17.70 Class IV 24.47 19.12 20.25 20.50 19.95 20.10 All Milk 3/ 25.34 20.34 21.20 21.60 20.90 21.50 ================================================================================ WASDE - 649 - 35 June 2024 Reliability of June 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 3.0 5.0 15.9 0.4 32.2 26 17 U.S. 6.2 10.4 2.8 0.0 8.4 24 19 Foreign 3.1 5.2 14.9 1.1 31.9 25 17 Exports World 5.9 10.0 6.3 0.0 19.2 29 13 U.S. 11.6 19.6 2.7 0.0 10.2 23 19 Foreign 6.4 10.8 5.6 0.6 19.8 31 11 Domestic Use World 2.2 3.7 10.4 0.3 27.7 26 17 U.S. 6.9 11.5 1.7 0.0 6.4 19 24 Foreign 2.2 3.7 10.2 0.6 28.6 28 14 Ending Stocks World 9.9 16.7 12.5 0.6 40.5 26 17 U.S. 18.2 30.7 3.3 0.1 14.9 24 19 Foreign 10.1 17.0 10.7 0.2 36.1 26 16 COARSE GRAINS 2/ Production World 3.5 6.0 26.7 0.6 103.3 23 20 U.S. 13.1 22.1 19.5 0.5 103.8 23 20 Foreign 2.7 4.5 14.5 0.4 45.6 21 21 Exports World 7.4 12.5 7.6 0.3 24.0 30 13 U.S. 28.6 48.1 8.4 0.1 30.8 19 24 Foreign 13.1 22.1 6.7 0.5 19.2 27 15 Domestic Use World 1.9 3.2 14.5 0.3 66.7 19 24 U.S. 5.4 9.1 7.5 0.1 37.0 26 17 Foreign 2.0 3.3 12.0 0.1 38.2 20 22 Ending Stocks World 20.2 34.0 25.5 0.5 170.1 28 15 U.S. 53.4 89.9 15.9 0.1 57.6 24 19 Foreign 16.8 28.3 15.5 0.1 155.2 31 11 RICE, milled Production World 2.3 3.9 6.9 0.3 21.8 27 16 U.S. 7.6 12.8 0.4 0.0 1.1 23 20 Foreign 2.3 3.9 6.8 0.4 21.9 26 16 Exports World 9.4 15.9 1.9 0.1 7.5 30 13 U.S. 12.5 21.1 0.3 0.0 1.0 20 20 Foreign 10.3 17.4 1.9 0.1 7.1 30 12 Domestic Use World 1.8 3.1 4.8 0.0 20.3 27 16 U.S. 8.4 14.1 0.2 0.0 0.6 19 23 Foreign 1.8 3.1 4.8 0.0 20.8 28 14 Ending Stocks World 14.1 23.8 7.8 0.2 26.7 30 13 U.S. 32.3 54.3 0.3 0.0 0.9 22 19 Foreign 15.2 25.7 8.0 0.4 26.4 30 12 ================================================================================ WASDE - 649 - 36 June 2024 Reliability of June 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 NA NA 13.2 0.1 36.2 7 13 U.S. 8.9 15.1 5.0 0.0 16.2 22 21 Foreign NA NA 9.7 0.2 37.0 6 13 Exports World NA NA 5.7 0.1 17.3 11 9 U.S. 15.3 25.7 3.6 0.3 14.0 23 20 Foreign NA NA 5.1 0.4 19.1 13 6 Domestic Use World NA NA 7.5 0.3 17.9 7 13 U.S. 5.9 9.9 1.8 0.1 7.2 25 18 Foreign NA NA 6.9 0.4 17.5 7 12 Ending Stocks World NA NA 8.3 0.1 26.2 9 11 U.S. 65.6 110.5 3.4 0.3 16.6 14 29 Foreign NA NA 6.5 0.3 19.1 10 9 COTTON Production World 5.8 9.8 4.1 0.0 16.4 22 20 U.S. 12.6 21.3 1.6 0.1 5.7 20 23 Foreign 5.8 9.8 3.1 0.2 12.4 23 19 Exports World 10.7 17.9 2.4 0.1 12.4 24 19 U.S. 28.2 47.4 1.4 0.1 4.0 24 19 Foreign 13.5 22.7 1.9 0.1 9.9 22 20 Domestic Use World 5.5 9.2 3.7 0.1 20.3 17 26 U.S. 10.8 18.2 0.5 0.0 1.4 18 24 Foreign 5.6 9.4 3.6 0.0 19.9 20 22 Ending Stocks World 16.9 28.4 6.9 0.5 19.9 27 16 U.S. 45.2 76.1 1.4 0.1 4.7 21 22 Foreign 16.1 27.1 5.9 0.3 19.2 28 14 ================================================================================ WASDE - 649 - 37 June 2024 Reliability of United States June 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 15.5 26.1 762 8 4010 22 21 Exports 29.7 50.1 307 38 1150 21 22 Domestic Use 12.7 21.4 427 0 5888 25 17 Ending Stocks 62.7 105.6 578 17 2091 24 19 SORGHUM Production 24.7 41.7 84 0 228 21 21 Exports 51.8 87.3 52 0 195 20 22 Domestic Use 29.2 49.2 54 0 140 19 23 Ending Stocks 64.9 109.3 42 0 191 16 26 BARLEY Production 14.7 24.7 26 1 206 17 26 Exports 76.2 128.3 13 0 92 22 17 Domestic Use 11.5 19.3 28 0 95 20 22 Ending Stocks 22.9 38.5 21 1 79 18 25 OATS Production 23.5 39.6 28 1 231 8 35 Exports 105.7 178.0 1 0 8 12 12 Domestic Use 10.8 18.3 19 0 160 13 28 Ending Stocks 29.2 49.2 15 0 77 13 28 Thousand Short Tons SOYBEAN MEAL Production 5.4 9.1 1242 57 4919 26 17 Exports 16.8 28.2 960 50 2650 27 16 Domestic Use 4.5 7.6 869 24 4650 23 20 Ending Stocks 42.9 72.3 53 0 488 13 17 Million Pounds SOYBEAN OIL Production 5.1 8.6 622 18 2330 30 13 Exports 46.5 78.2 444 0 1700 24 18 Domestic Use 4.1 6.9 470 0 2100 26 16 Ending Stocks 35.9 60.5 436 0 1432 22 20 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 787 41 2727 22 8 Pork 3.2 5.5 527 14 1722 18 12 Broilers 2.3 3.9 650 55 1465 13 17 Turkeys 4.2 7.2 180 2 478 12 18 Million Dozen Eggs 2.0 3.3 125 2 473 19 11 Billion Pounds Milk 1.6 2.7 2.4 0.2 7.0 14 16 ================================================================================