WASDE - 663 - 8 August 2025 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/ 2023/24 2822.97 3615.60 515.24 2819.13 796.48 2024/25 (Est.) 2847.12 3643.59 501.20 2881.93 761.67 2025/26 (Proj.) Jul 2896.90 3660.80 512.60 2912.87 747.93 Aug 2920.35 3682.02 518.43 2925.54 756.48 Wheat 2023/24 791.93 1066.60 222.24 796.66 269.94 2024/25 (Est.) 799.90 1069.83 207.07 807.13 262.70 2025/26 (Proj.) Jul 808.55 1072.14 213.06 810.62 261.52 Aug 806.90 1069.60 213.53 809.53 260.08 Coarse Grains 5/ 2023/24 1507.20 1844.67 236.16 1497.42 347.24 2024/25 (Est.) 1506.39 1853.63 232.25 1541.88 311.75 2025/26 (Proj.) Jul 1547.08 1859.77 237.79 1560.63 299.14 Aug 1571.99 1883.74 242.78 1574.04 309.70 Rice, milled 2023/24 523.84 704.34 56.84 525.04 179.30 2024/25 (Est.) 540.83 720.13 61.89 532.92 187.22 2025/26 (Proj.) Jul 541.27 728.90 61.75 541.62 187.28 Aug 541.46 728.67 62.11 541.97 186.70 United States Total Grains 4/ 2023/24 458.90 520.30 85.72 366.49 68.09 2024/25 (Est.) 451.56 527.52 99.61 366.74 61.18 2025/26 (Proj.) Jul 471.72 540.87 99.89 370.03 70.95 Aug 498.63 566.96 105.78 379.22 81.96 Wheat 2023/24 49.10 68.35 19.21 30.18 18.95 2024/25 (Est.) 53.65 76.66 22.48 31.03 23.15 2025/26 (Proj.) Jul 52.49 78.91 23.13 31.54 24.23 Aug 52.45 78.86 23.81 31.41 23.64 Coarse Grains 5/ 2023/24 402.88 442.66 63.37 331.42 47.87 2024/25 (Est.) 390.86 441.01 74.27 330.31 36.43 2025/26 (Proj.) Jul 412.72 452.35 73.81 333.24 45.30 Aug 439.56 478.30 78.89 342.52 56.90 Rice, milled 2023/24 6.92 9.29 3.15 4.88 1.27 2024/25 (Est.) 7.05 9.86 2.86 5.40 1.60 2025/26 (Proj.) Jul 6.51 9.61 2.95 5.24 1.42 Aug 6.62 9.80 3.08 5.30 1.42 ================================================================================ WASDE - 663 - 9 August 2025 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/ 2023/24 2364.08 3095.30 429.52 2452.64 728.39 2024/25 (Est.) 2395.56 3116.07 401.60 2515.19 700.49 2025/26 (Proj.) Jul 2425.18 3119.93 412.71 2542.84 676.98 Aug 2421.72 3115.06 412.65 2546.32 674.52 Wheat 2023/24 742.84 998.25 203.03 766.48 250.98 2024/25 (Est.) 746.25 993.17 184.59 776.09 239.56 2025/26 (Proj.) Jul 756.06 993.23 189.92 779.08 237.29 Aug 754.45 990.75 189.72 778.12 236.44 Coarse Grains 5/ 2023/24 1104.32 1402.00 172.80 1166.00 299.37 2024/25 (Est.) 1115.53 1412.62 157.98 1211.57 275.32 2025/26 (Proj.) Jul 1134.35 1407.41 163.99 1227.38 253.84 Aug 1132.43 1405.44 163.90 1231.53 252.80 Rice, milled 2023/24 516.92 695.05 53.70 520.16 178.03 2024/25 (Est.) 533.78 710.27 59.03 527.52 185.61 2025/26 (Proj.) Jul 534.76 719.29 58.80 536.38 185.86 Aug 534.84 718.87 59.03 536.67 185.28 ================================================================================ 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 2023/24 112.56 188.39 44.34 114.95 73.36 2024/25 (Est.) 119.15 192.51 42.43 117.95 75.05 2025/26 (Proj.) Jul 118.42 195.20 44.69 118.12 77.32 Aug 116.62 191.67 43.59 117.99 73.91 United States 2023/24 12.07 16.72 11.75 1.85 3.15 2024/25 (Est.) 14.41 17.57 11.90 1.70 4.00 2025/26 (Proj.) Jul 14.60 18.71 12.50 1.70 4.60 Aug 13.21 17.22 12.00 1.70 3.60 Foreign 4/ 2023/24 100.50 171.67 32.59 113.10 70.21 2024/25 (Est.) 104.74 174.95 30.53 116.25 71.05 2025/26 (Proj.) Jul 103.82 176.50 32.19 116.42 72.72 Aug 103.41 174.45 31.59 116.29 70.31 ================================================================================ WASDE - 663 - 10 August 2025 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 2023/24 658.05 781.00 205.36 543.26 136.55 2024/25 (Est.) 681.76 818.31 210.84 563.42 144.11 2025/26 (Proj.) Jul 693.45 836.78 214.49 581.77 145.18 Aug 690.11 834.22 214.17 580.49 144.37 Oilmeals 2023/24 370.98 389.37 105.73 365.91 19.31 2024/25 (Est.) 388.86 408.17 112.35 380.87 21.91 2025/26 (Proj.) Jul 401.16 423.53 113.34 395.84 23.34 Aug 400.58 422.49 113.41 395.50 22.68 Vegetable Oils 2023/24 222.08 254.44 86.09 217.77 30.71 2024/25 (Est.) 229.02 259.73 86.12 223.76 30.10 2025/26 (Proj.) Jul 235.07 265.14 87.19 229.79 29.66 Aug 234.64 264.74 87.00 229.51 29.56 United States Oilseeds 2023/24 122.16 132.12 47.49 66.22 10.81 2024/25 (Est.) 128.35 140.32 52.11 69.98 10.46 2025/26 (Proj.) Jul 128.28 140.51 48.53 73.38 10.22 Aug 126.47 138.15 47.44 73.24 9.53 Oilmeals 2023/24 51.43 56.13 14.75 40.90 0.49 2024/25 (Est.) 54.74 59.93 16.44 42.99 0.50 2025/26 (Proj.) Jul 56.74 61.56 17.17 43.87 0.52 Aug 56.68 61.50 17.17 43.81 0.52 Vegetable Oils 2023/24 13.59 21.59 0.42 20.13 1.04 2024/25 (Est.) 14.36 21.32 1.30 18.97 1.05 2025/26 (Proj.) Jul 14.95 22.38 0.47 20.78 1.14 Aug 14.93 22.39 0.47 20.76 1.16 Foreign 3/ Oilseeds 2023/24 535.89 648.88 157.88 477.04 125.73 2024/25 (Est.) 553.41 677.99 158.72 493.45 133.65 2025/26 (Proj.) Jul 565.17 696.27 165.96 508.39 134.97 Aug 563.64 696.07 166.73 507.25 134.84 Oilmeals 2023/24 319.55 333.24 90.98 325.01 18.83 2024/25 (Est.) 334.12 348.24 95.91 337.88 21.42 2025/26 (Proj.) Jul 344.43 361.97 96.17 351.96 22.83 Aug 343.91 360.99 96.24 351.68 22.16 Vegetable Oils 2023/24 208.49 232.84 85.67 197.64 29.67 2024/25 (Est.) 214.65 238.41 84.82 204.79 29.05 2025/26 (Proj.) Jul 220.12 242.76 86.72 209.01 28.52 Aug 219.71 242.35 86.53 208.75 28.40 ================================================================================ WASDE - 663 - 11 August 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Acres Area Planted 49.6 46.1 45.5 45.4 Area Harvested 37.1 38.5 36.6 36.6 Bushels Yield per Harvested Acre 48.7 51.2 52.6 52.7 Million Bushels Beginning Stocks 570 696 851 851 Production 1804 1971 1929 1927 Imports 138 149 120 120 Supply, Total 2511 2817 2899 2898 Food 961 969 977 972 Seed 62 62 62 62 Feed and Residual 86 109 120 120 Domestic, Total 1109 1140 1159 1154 Exports 706 826 850 875 Use, Total 1815 1966 2009 2029 Ending Stocks 696 851 890 869 Avg.FarmPrice ($/bu) 2/ 6.96 5.52 5.40 5.30 ================================================================================ 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 2024/25 (Est.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 6 79 5 7 51 149 Supply, Total 3/ 1051 772 474 367 152 2817 Food 387 258 153 84 88 969 Seed 26 15 12 6 3 62 Feed and Residual 23 31 65 -25 14 109 Domestic Use 436 304 230 65 105 1140 Exports 218 250 117 222 19 826 Use, Total 654 554 347 287 124 1966 Ending Stocks, Total 398 218 127 80 28 851 2025/26 (Proj.) Beginning Stocks 398 218 127 80 28 851 Production 769 449 339 282 87 1927 Imports 5 65 5 5 40 120 Supply, Total 3/ 1172 732 471 367 155 2898 Food 390 260 152 85 85 972 Seed 26 16 12 6 3 62 Feed and Residual 40 10 65 0 5 120 Domestic Use 456 286 229 91 93 1154 Exports 300 240 120 190 25 875 Use, Total 756 526 349 281 118 2029 Ending Stocks, Total Aug 416 207 122 86 38 869 Jul 431 219 117 93 30 890 ================================================================================ WASDE - 663 - 12 August 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Acres FEED GRAINS Area Planted 107.5 101.5 106.1* 108.5 Area Harvested 96.0 91.3 94.9* 97.0 Metric Tons Yield per Harvested Acre 4.19 4.28 4.35 4.53 Million Metric Tons Beginning Stocks 37.1 47.9 37.3 36.4 Production 402.6 390.5 412.4 439.2 Imports 2.3 2.1 2.1 2.1 Supply, Total 442.0 440.4 451.8 477.7 Feed and Residual 151.8 150.0 152.3 159.2 Food, Seed & Industrial 179.0 179.7 180.4 182.8 Domestic, Total 330.8 329.7 332.7 342.0 Exports 63.4 74.3 73.8 78.9 Use, Total 394.2 404.0 406.5 420.8 Ending Stocks 47.9 36.4 45.3 56.9 Million Acres CORN Area Planted 94.6 90.6 95.2* 97.3 Area Harvested 86.5 82.9 86.8* 88.7 Bushels Yield per Harvested Acre 177.3 179.3 181.0* 188.8 Million Bushels Beginning Stocks 1360 1763 1340 1305 Production 15341 14867 15705 16742 Imports 28 25 25 25 Supply, Total 16729 16655 17070 18072 Feed and Residual 5842 5675 5850 6100 Food,Seed& Industrial 2/ 6869 6855 6885 6980 Ethanol & by-products 3/ 5478 5470 5500 5600 Domestic, Total 12711 12530 12735 13080 Exports 2255 2820 2675 2875 Use, Total 14966 15350 15410 15955 Ending Stocks 1763 1305 1660 2117 Avg.FarmPrice ($/bu) 4/ 4.55 4.30 4.20 3.90 ================================================================================ WASDE - 663 - 13 August 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.2 6.3 6.2* 6.6 AreaHarvested(mil.acres) 6.1 5.6 5.3* 5.7 Yield (bushels/acre) 52.0 61.3 68.8* 69.0 Beginning Stocks 24 33 52 52 Production 318 344 367 391 Imports 0 0 0 0 Supply, Total 342 377 419 443 Feed and Residual 51 155 85 100 Food, Seed & Industrial 24 75 70 75 Total Domestic 75 230 155 175 Exports 234 95 225 225 Use, Total 309 325 380 400 Ending Stocks 33 52 39 43 Avg.FarmPrice ($/bu) 2/ 4.93 4.10 4.00 3.70 BARLEY AreaPlanted (mil. acres) 3.1 2.4 2.4* 2.3 AreaHarvested(mil.acres) 2.6 1.9 1.9* 1.8 Yield (bushels/acre) 72.3 76.7 77.1* 77.9 Beginning Stocks 66 78 70 70 Production 186 144 148 141 Imports 13 9 9 9 Supply, Total 265 231 226 220 Feed and Residual 57 38 30 35 Food, Seed & Industrial 125 115 115 110 Total Domestic 182 153 145 145 Exports 5 9 5 5 Use, Total 187 162 150 150 Ending Stocks 78 70 76 70 Avg.FarmPrice ($/bu) 2/ 7.39 6.31 5.30 5.30 OATS AreaPlanted (mil. acres) 2.6 2.2 2.3* 2.3 AreaHarvested(mil.acres) 0.8 0.9 0.8* 0.8 Yield (bushels/acre) 68.6 76.5 75.5* 76.2 Beginning Stocks 35 36 30 30 Production 57 68 62 64 Imports 74 71 74 74 Supply, Total 166 175 166 168 Feed and Residual 47 62 50 50 Food, Seed & Industrial 80 81 82 82 Total Domestic 127 143 132 132 Exports 2 2 2 2 Use, Total 129 146 134 134 Ending Stocks 36 30 32 34 Avg.FarmPrice ($/bu) 2/ 3.92 3.35 3.10 3.10 ================================================================================ WASDE - 663 - 14 August 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Acres TOTAL RICE Area Planted 2.90 2.91 2.68* 2.79 Area Harvested 2.85 2.87 2.65* 2.73 Pounds Yield per Harvested Acre 7641 7748 7745* 7636 Million Hundredweight Beginning Stocks 2/ 30.3 39.8 47.0 50.5 Production 218.0 222.1 205.0 208.5 Imports 44.4 48.5 50.7 49.7 Supply, Total 292.6 310.5 302.7 308.6 Domestic & Residual 3/ 153.7 170.0 165.0 167.0 Exports, Total 4/ 99.0 90.0 93.0 97.0 Rough 42.5 29.0 31.0 32.0 Milled (rough equiv.) 56.5 61.0 62.0 65.0 Use, Total 252.8 260.0 258.0 264.0 Ending Stocks 39.8 50.5 44.7 44.6 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 17.30 15.10 14.00 14.20 LONG GRAIN RICE Harvested Acres (mil.) 2.05 2.26 Yield (pounds/acre) 7523 7625 Beginning Stocks 21.2 19.3 36.8 39.8 Imports 37.2 42.0 44.0 43.0 Production 153.8 172.0 152.8 154.5 Supply, Total 7/ 212.2 233.3 233.6 237.3 Domestic & Residual 3/ 117.8 133.0 133.0 135.0 Exports 8/ 75.1 60.5 66.0 67.0 Use, Total 192.9 193.5 199.0 202.0 Ending Stocks 19.3 39.8 34.6 35.3 Avg.FarmPrice($/cwt) 6/ 15.90 14.10 13.00 13.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.81 0.61 Yield (pounds/acre) 7938 8200 Beginning Stocks 6.8 18.9 8.5 9.0 Imports 7.2 6.5 6.7 6.7 Production 64.1 50.1 52.2 54.0 Supply, Total 7/ 78.8 75.5 67.4 69.7 Domestic & Residual 3/ 35.9 37.0 32.0 32.0 Exports 8/ 23.9 29.5 27.0 30.0 Use, Total 59.9 66.5 59.0 62.0 Ending Stocks 18.9 9.0 8.4 7.7 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 21.60 18.90 17.60 18.60 California 10/ 22.30 20.00 19.50 21.00 Other States 1/ 17.20 15.20 13.50 13.50 ================================================================================ WASDE - 663 - 15 August 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Acres SOYBEANS Area Planted 83.6 87.1 83.4* 80.9 Area Harvested 82.3 86.1 82.5* 80.1 Bushels Yield per Harvested Acre 50.6 50.7 52.5* 53.6 Million Bushels Beginning Stocks 264 342 350 330 Production 4162 4366 4335 4292 Imports 21 25 20 20 Supply, Total 4447 4734 4705 4642 Crushings 2285 2430 2540 2540 Exports 1700 1875 1745 1705 Seed 75 70 73 73 Residual 44 29 37 34 Use, Total 4105 4404 4395 4352 Ending Stocks 342 330 310 290 Avg.FarmPrice ($/bu) 2/ 12.40 10.00 10.10 10.10 Million Pounds SOYBEAN OIL Beginning Stocks 1607 1551 1451 1501 Production 4/ 27093 28975 29970 29970 Imports 621 375 450 450 Supply, Total 29321 30901 31871 31921 Domestic Disappearance 27153 26850 29500 29500 Biofuel 3/ 12989 12250 15500 15500 Food, Feed & other Industrial 14164 14600 14000 14000 Exports 617 2550 700 700 Use, Total 27770 29400 30200 30200 Ending stocks 1551 1501 1671 1721 Avg. Price (c/lb) 2/ 47.28 47.50 53.00 53.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 371 453 450 450 Production 4/ 54106 57797 59850 59850 Imports 687 725 650 650 Supply, Total 55164 58975 60950 60950 Domestic Disappearance 38657 40625 41775 41775 Exports 16054 17900 18700 18700 Use, Total 54711 58525 60475 60475 Ending Stocks 453 450 475 475 Avg. Price ($/s.t.) 2/ 384.11 295.00 290.00 280.00 ================================================================================ WASDE - 663 - 16 August 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1843 2131 2132 2439 Production 2/ 9313 9386 9195 9428 Beet Sugar 5172 5415 5097 5266 Cane Sugar 4141 3971 4098 4162 Florida 2079 1927 2010 2008 Louisiana 2022 2044 2088 2154 Texas 40 0 0 0 Imports 3840 3202 2481 2457 TRQ 3/ 1788 1516 1419 1396 Other Program 4/ 300 325 200 200 Non-program 1752 1361 861 861 Mexico 521 497 439 439 High-tier tariff/other 1231 864 422 422 Total Supply 14995 14719 13808 14325 Exports 249 125 100 100 Deliveries 12534 12155 12065 12065 Food 12428 12045 11960 11960 Other 5/ 106 110 105 105 Miscellaneous 81 0 0 0 Total Use 12864 12280 12165 12165 Ending Stocks 2131 2439 1643 2160 Stocks to Use Ratio 16.6 19.9 13.5 17.8 ================================================================================ 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 2024/25 Est. Jul 1418 4770 175 4459 806 1098 Aug 1418 4771 175 4459 840 1064 2025/26 Proj. Jul 1098 5094 142 4569 684 1081 Aug 1064 5094 142 4569 650 1081 ================================================================================ WASDE - 663 - 17 August 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Jul Aug ================================================================================ Million Acres Planted 10.23 11.18 10.12* 9.28** Harvested 6.44 7.81 8.66* 7.36** Pounds Yield per Harvested Acre 899 886 809* 862** Million 480 Pound Bales Beginning Stocks 4.65 3.15 4.10 4.00 Production 12.07 14.41 14.60 13.21 Imports 0.00 0.00 0.01 0.01 Supply, Total 16.72 17.57 18.71 17.22 Domestic Use 1.85 1.70 1.70 1.70 Exports, Total 11.75 11.90 12.50 12.00 Use, Total 13.60 13.60 14.20 13.70 Unaccounted 2/ -0.03 -0.03 -0.10 -0.08 Ending Stocks 3.15 4.00 4.60 3.60 Avg. Farm Price 3/ 76.1 63.0 62.0 64.0 ================================================================================ WASDE - 663 - 18 August 2025 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 274.66 791.93 222.98 158.60 796.66 222.24 269.94 World Less China 135.84 655.34 209.35 121.60 643.16 221.23 135.41 United States 15.50 49.10 3.75 2.33 30.18 19.21 18.95 Total Foreign 259.16 742.84 219.23 156.27 766.48 203.03 250.98 Major Exporters 4/ 47.55 324.63 13.80 72.53 179.46 165.60 40.91 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.30 7.80 19.84 2.91 Canada 5.63 32.95 0.56 3.98 9.11 25.44 4.58 European Union 5/ 16.27 135.38 12.66 46.50 110.50 38.01 15.79 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 1.50 6.00 18.58 1.41 Major Importers 6/ 178.75 208.72 139.41 56.25 329.44 19.75 177.69 Bangladesh 0.83 1.10 6.65 0.20 7.30 0.00 1.28 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.63 37.00 153.50 1.01 134.52 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.07 16.37 31.58 1.63 46.48 2.00 11.54 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 11.74 20.77 20.31 3.22 39.70 0.65 12.46 Southeast Asia 9/ 3.13 0.00 30.56 9.85 27.86 1.32 4.51 Selected Other India 9.50 110.55 0.13 6.75 112.34 0.34 7.50 Kazakhstan 4.21 12.11 2.50 2.50 7.55 7.83 3.45 United Kingdom 2.31 13.98 3.14 7.40 15.59 0.57 3.26 2024/25 Est. World 3/ 269.94 799.90 199.12 156.44 807.13 207.07 262.70 World Less China 135.41 659.80 194.95 123.44 657.13 206.05 134.93 United States 18.95 53.65 4.05 2.97 31.03 22.48 23.15 Total Foreign 250.98 746.25 195.07 153.47 776.09 184.59 239.56 Major Exporters 4/ 40.91 314.73 11.91 74.15 181.60 149.25 36.70 Argentina 4.54 18.54 0.01 0.25 7.15 11.00 4.94 Australia 2.91 34.11 0.23 4.50 8.00 25.00 4.25 Canada 4.58 34.96 0.60 3.80 9.00 27.50 3.64 European Union 5/ 15.79 122.12 10.70 45.00 109.25 27.00 12.36 Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59 Ukraine 1.41 23.40 0.07 3.60 8.20 15.75 0.93 Major Importers 6/ 177.69 211.60 120.00 51.37 327.40 16.25 165.64 Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78 Brazil 1.69 7.89 6.60 0.60 12.10 1.90 2.18 China 134.52 140.10 4.17 33.00 150.00 1.02 127.78 Japan 1.09 1.08 5.57 0.70 6.25 0.34 1.16 N. Africa 7/ 11.54 16.04 31.62 1.35 46.15 2.46 10.59 Nigeria 0.44 0.13 6.25 0.00 5.75 0.38 0.68 Sel. Mideast 8/ 12.46 23.56 17.37 2.92 39.98 0.75 12.66 Southeast Asia 9/ 4.51 0.00 29.18 9.60 28.28 1.42 4.00 Selected Other India 7.50 113.29 0.16 6.00 108.76 0.19 12.00 Kazakhstan 3.45 18.58 0.50 3.20 8.30 10.20 4.02 United Kingdom 3.26 11.15 3.90 6.83 15.03 0.48 2.81 ================================================================================ WASDE - 663 - 19 August 2025 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 ================================================================================ 2025/26 Proj. World 3/ Jul 263.59 808.55 208.84 156.13 810.62 213.06 261.52 Aug 262.70 806.90 209.46 154.85 809.53 213.53 260.08 World Less China Jul 135.98 666.55 202.84 123.13 660.62 212.06 136.91 Aug 134.93 666.90 203.46 123.85 661.53 212.53 135.30 United States Jul 23.15 52.49 3.27 3.27 31.54 23.13 24.23 Aug 23.15 52.45 3.27 3.27 31.41 23.81 23.64 Total Foreign Jul 240.44 756.06 205.57 152.86 779.08 189.92 237.29 Aug 239.56 754.45 206.19 151.59 778.12 189.72 236.44 Major Exporters 4/ Jul 37.36 328.75 7.71 72.90 180.75 157.00 36.07 Aug 36.70 329.45 7.74 73.90 181.75 157.00 35.14 Argentina Jul 4.94 20.00 0.01 0.30 7.30 13.00 4.65 Aug 4.94 19.70 0.01 0.30 7.30 13.00 4.35 Australia Jul 4.25 31.00 0.20 4.60 8.10 23.00 4.35 Aug 4.25 31.00 0.23 4.60 8.10 23.00 4.38 Canada Jul 3.64 35.00 0.60 3.50 8.75 27.00 3.49 Aug 3.64 35.00 0.60 3.50 8.75 27.00 3.49 European Union 5/ Jul 12.36 137.25 6.50 46.50 111.00 32.50 12.61 Aug 12.36 138.25 6.50 47.50 112.00 32.50 12.61 Russia Jul 10.59 83.50 0.30 16.00 39.00 46.00 9.39 Aug 10.59 83.50 0.30 16.00 39.00 46.00 9.39 Ukraine Jul 1.59 22.00 0.10 2.00 6.60 15.50 1.59 Aug 0.93 22.00 0.10 2.00 6.60 15.50 0.93 Major Importers 6/ Jul 165.88 210.22 133.20 52.23 330.23 16.51 162.56 Aug 165.64 207.87 133.20 49.58 327.68 16.34 162.69 Bangladesh Jul 0.78 1.00 6.70 0.30 7.70 0.00 0.78 Aug 0.78 1.00 6.70 0.30 7.70 0.00 0.78 Brazil Jul 2.18 8.00 6.70 0.50 12.10 2.70 2.08 Aug 2.18 7.50 7.00 0.50 12.10 2.50 2.08 China Jul 127.60 142.00 6.00 33.00 150.00 1.00 124.60 Aug 127.78 140.00 6.00 31.00 148.00 1.00 124.78 Japan Jul 1.10 1.10 5.45 0.70 6.20 0.31 1.14 Aug 1.16 1.10 5.45 0.70 6.20 0.34 1.17 N. Africa 7/ Jul 10.74 17.55 32.25 1.35 46.55 2.13 11.86 Aug 10.59 17.55 32.25 1.35 46.40 2.12 11.87 Nigeria Jul 0.68 0.13 6.40 0.00 6.20 0.40 0.61 Aug 0.68 0.13 6.40 0.00 6.20 0.40 0.61 Sel. Mideast 8/ Jul 12.94 19.78 20.20 2.78 40.38 1.00 11.54 Aug 12.66 19.78 20.20 2.78 40.28 1.01 11.35 Southeast Asia 9/ Jul 3.98 0.00 31.00 10.80 29.45 1.34 4.19 Aug 4.00 0.00 30.70 10.05 29.05 1.34 4.31 India Jul 12.00 117.51 0.25 6.50 112.51 0.25 17.00 Aug 12.00 117.51 0.25 6.50 112.51 0.25 17.00 Kazakhstan Jul 4.02 15.50 0.50 3.00 8.15 8.00 3.87 Aug 4.02 15.50 0.50 3.00 8.15 8.00 3.87 United Kingdom Jul 2.81 12.50 3.20 7.20 15.50 0.60 2.41 Aug 2.81 12.50 3.20 7.20 15.50 0.60 2.41 ================================================================================ WASDE - 663 - 20 August 2025 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 ================================================================================ 2023/24 World 3/ 337.46 1507.20 242.57 923.64 1497.42 236.16 347.24 World Less China 130.69 1209.82 194.46 677.84 1158.72 236.16 133.69 United States 37.14 402.88 2.64 152.00 331.42 63.37 47.87 Total Foreign 300.33 1104.32 239.93 771.64 1166.00 172.80 299.37 Major Exporters 4/ 30.57 322.45 6.86 137.43 195.15 142.25 22.49 Argentina 3.14 59.37 0.01 12.27 18.33 40.58 3.62 Australia 3.97 14.48 0.00 5.19 7.07 9.66 1.73 Brazil 10.77 124.81 2.64 67.85 90.63 38.37 9.22 Canada 3.72 27.52 2.95 16.27 24.44 6.08 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.78 0.01 7.77 10.20 32.02 1.52 Major Importers 5/ 37.35 231.58 144.61 272.23 360.09 14.66 38.80 European Union 6/ 16.53 137.04 22.08 109.81 148.71 11.52 15.43 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.61 29.09 24.95 30.60 53.17 0.02 6.45 N. Afr & Mideast 7/ 7.02 34.01 37.77 59.61 68.00 2.52 8.28 Saudi Arabia 1.40 0.27 7.00 6.92 7.25 0.00 1.41 Southeast Asia 8/ 2.89 30.67 19.82 38.24 49.59 0.60 3.19 South Korea 1.91 0.16 11.67 9.30 11.68 0.00 2.06 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 2024/25 Est. World 3/ 347.24 1506.39 221.53 944.64 1541.88 232.25 311.75 World Less China 133.69 1202.92 203.03 696.69 1201.63 232.22 116.50 United States 47.87 390.86 2.28 150.12 330.31 74.27 36.43 Total Foreign 299.37 1115.53 219.25 794.52 1211.57 157.98 275.32 Major Exporters 4/ 22.49 326.99 4.98 140.25 202.05 131.25 21.17 Argentina 3.62 59.10 0.01 13.89 20.10 38.90 3.72 Australia 1.73 17.34 0.00 5.19 7.06 10.43 1.58 Brazil 9.22 138.48 2.45 70.40 98.30 43.19 8.67 Canada 3.68 27.52 1.86 15.68 23.49 6.71 2.87 Russia 1.71 34.78 0.10 20.13 28.10 7.07 1.41 Ukraine 1.52 33.47 0.02 7.83 10.36 23.34 1.31 Major Importers 5/ 38.80 228.76 151.42 284.61 372.07 10.95 35.95 European Union 6/ 15.43 137.18 21.40 112.40 150.94 8.52 14.54 Japan 1.44 0.20 16.58 13.17 16.81 0.00 1.42 Mexico 6.45 28.27 25.95 31.75 54.38 0.02 6.27 N. Afr & Mideast 7/ 8.28 31.28 41.70 64.12 72.49 1.87 6.90 Saudi Arabia 1.41 0.27 8.71 8.62 8.96 0.00 1.43 Southeast Asia 8/ 3.19 31.29 21.00 40.72 52.08 0.54 2.86 South Korea 2.06 0.16 11.62 9.40 11.74 0.00 2.10 Selected Other China 213.55 303.47 18.50 247.95 340.25 0.03 195.25 ================================================================================ WASDE - 663 - 21 August 2025 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 ================================================================================ 2025/26 Proj. World 3/ Jul 312.69 1547.08 229.02 959.54 1560.63 237.79 299.14 Aug 311.75 1571.99 233.45 969.96 1574.04 242.78 309.70 World Less China Jul 116.44 1243.13 201.14 703.81 1212.60 237.77 119.12 Aug 116.50 1268.04 205.57 714.24 1226.02 242.76 130.68 United States Jul 37.32 412.72 2.31 152.44 333.24 73.81 45.30 Aug 36.43 439.56 2.31 159.28 342.52 78.89 56.90 Total Foreign Jul 275.37 1134.35 226.71 807.10 1227.38 163.99 253.84 Aug 275.32 1132.43 231.14 810.68 1231.53 163.90 252.80 Major Exporters 4/ Jul 20.94 334.82 5.17 141.58 206.13 137.28 17.53 Aug 21.17 336.47 4.97 141.37 205.93 138.82 17.85 Argentina Jul 3.82 61.62 0.01 13.34 19.63 41.80 4.02 Aug 3.72 61.62 0.01 13.34 19.63 41.80 3.92 Australia Jul 1.60 16.72 0.00 5.09 6.96 9.82 1.54 Aug 1.58 16.72 0.00 5.09 6.96 9.82 1.51 Brazil Jul 8.64 137.62 2.52 71.50 101.49 43.09 4.21 Aug 8.67 137.62 2.52 71.50 101.51 43.09 4.21 Canada Jul 2.86 27.56 2.39 16.25 24.21 5.79 2.81 Aug 2.87 27.86 2.19 16.20 24.16 5.84 2.92 Russia Jul 1.41 37.43 0.10 21.40 29.73 7.28 1.93 Aug 1.41 37.43 0.10 21.40 29.73 7.28 1.93 Ukraine Jul 1.00 36.84 0.01 6.78 9.22 27.58 1.05 Aug 1.31 38.18 0.01 6.62 9.05 29.08 1.39 Major Importers 5/ Jul 35.47 234.38 151.37 286.29 374.14 11.44 35.64 Aug 35.95 232.38 155.49 289.61 377.57 10.89 35.37 European Union 6/ Jul 14.27 141.13 21.73 114.00 152.89 10.09 14.14 Aug 14.54 139.13 23.23 114.00 152.99 9.59 14.31 Japan Jul 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Aug 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Mexico Jul 6.27 29.99 25.88 32.93 55.76 0.02 6.36 Aug 6.27 29.99 26.90 33.95 56.78 0.02 6.36 N. Afr & Mideast 7/ Jul 6.72 31.17 40.03 61.91 70.49 0.72 6.71 Aug 6.90 31.17 41.53 63.71 72.29 0.72 6.59 Saudi Arabia Jul 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Aug 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Southeast Asia 8/ Jul 2.84 31.31 22.18 41.68 52.53 0.61 3.19 Aug 2.86 31.31 22.28 42.18 53.03 0.57 2.85 South Korea Jul 2.10 0.16 11.61 9.39 11.78 0.00 2.10 Aug 2.10 0.16 11.61 9.39 11.78 0.00 2.10 China Jul 196.25 303.95 27.88 255.73 348.03 0.03 180.02 Aug 195.25 303.95 27.88 255.73 348.03 0.03 179.02 ================================================================================ WASDE - 663 - 22 August 2025 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 World 3/ 305.61 1230.73 197.54 769.70 1220.63 192.57 315.71 World Less China 99.57 941.89 174.13 544.70 913.63 192.56 104.42 United States 34.55 389.67 0.72 148.40 322.87 57.28 44.79 Total Foreign 271.06 841.06 196.81 621.30 897.76 135.29 270.92 Major Exporters 4/ 18.67 232.53 2.72 93.54 128.02 112.89 13.02 Argentina 2.32 51.00 0.01 10.40 14.60 36.26 2.48 Brazil 10.04 119.00 1.72 62.50 84.00 38.27 8.49 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.43 0.94 7.04 13.84 2.27 0.65 Ukraine 3.00 32.50 0.01 4.50 5.38 29.49 0.64 Major Importers 5/ 21.04 123.68 102.80 160.35 220.90 5.01 21.60 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.95 19.83 58.10 78.10 4.39 7.31 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.88 23.71 24.22 25.80 47.00 0.02 5.79 Southeast Asia 7/ 2.88 30.62 19.29 37.90 49.00 0.60 3.19 South Korea 1.90 0.09 11.55 9.25 11.50 0.00 2.04 Selected Other Canada 1.63 15.42 2.81 9.79 15.80 2.07 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 2024/25 Est. World 3/ 315.71 1226.02 183.61 786.33 1258.61 193.64 283.11 World Less China 104.42 931.10 179.61 552.33 942.61 193.62 88.93 United States 44.79 377.63 0.64 144.15 318.28 71.63 33.15 Total Foreign 270.92 848.39 182.98 642.18 940.34 122.01 249.96 Major Exporters 4/ 13.02 238.55 1.93 96.60 136.40 103.40 13.70 Argentina 2.48 50.00 0.01 10.80 15.20 34.50 2.78 Brazil 8.49 132.00 1.50 64.50 91.00 43.00 7.99 Russia 0.76 14.00 0.05 9.50 10.60 3.30 0.91 South Africa 0.65 15.75 0.35 7.00 13.90 1.60 1.25 Ukraine 0.64 26.80 0.02 4.80 5.70 21.00 0.76 Major Importers 5/ 21.60 120.86 105.52 164.30 224.86 2.96 20.16 Egypt 1.43 7.00 9.00 13.30 15.80 0.00 1.63 European Union 6/ 7.31 59.31 20.00 58.00 78.00 2.40 6.23 Japan 1.30 0.02 15.20 12.00 15.25 0.00 1.27 Mexico 5.79 23.10 25.00 26.90 48.20 0.02 5.67 Southeast Asia 7/ 3.19 31.24 20.42 40.35 51.46 0.54 2.85 South Korea 2.04 0.09 11.50 9.35 11.55 0.00 2.09 Selected Other Canada 2.00 15.35 1.70 9.20 14.70 2.75 1.59 China 211.29 294.92 4.00 234.00 316.00 0.02 194.18 ================================================================================ WASDE - 663 - 23 August 2025 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 ================================================================================ 2025/26 Proj. World 3/ Jul 284.18 1263.66 187.76 800.94 1275.76 195.81 272.08 Aug 283.11 1288.58 192.16 811.17 1289.15 200.86 282.54 World Less China Jul 89.00 968.66 177.76 561.94 954.76 195.79 92.92 Aug 88.93 993.58 182.16 572.17 968.15 200.84 104.38 United States Jul 34.04 398.93 0.64 148.60 323.48 67.95 42.17 Aug 33.15 425.26 0.64 154.95 332.25 73.03 53.77 Total Foreign Jul 250.14 864.74 187.12 652.35 952.27 127.86 229.91 Aug 249.96 863.32 191.53 656.23 956.90 127.83 228.77 Major Exporters 4/ Jul 13.25 246.00 1.67 99.20 141.23 109.50 10.19 Aug 13.70 247.50 1.67 99.30 141.33 111.00 10.54 Argentina Jul 2.78 53.00 0.01 11.20 15.60 37.00 3.19 Aug 2.78 53.00 0.01 11.20 15.60 37.00 3.19 Brazil Jul 7.99 131.00 1.60 65.50 94.00 43.00 3.59 Aug 7.99 131.00 1.60 65.50 94.00 43.00 3.59 Russia Jul 0.91 15.00 0.05 10.10 11.20 3.60 1.16 Aug 0.91 15.00 0.05 10.10 11.20 3.60 1.16 South Africa Jul 1.25 16.50 0.00 7.10 14.20 1.90 1.65 Aug 1.25 16.50 0.00 7.10 14.20 1.90 1.65 Ukraine Jul 0.31 30.50 0.01 5.30 6.23 24.00 0.60 Aug 0.76 32.00 0.01 5.40 6.33 25.50 0.95 Major Importers 5/ Jul 20.04 123.53 107.35 166.45 227.00 3.63 20.28 Aug 20.16 121.53 110.95 168.95 229.60 3.09 19.95 Egypt Jul 1.43 7.25 9.00 13.50 16.10 0.00 1.58 Aug 1.63 7.25 10.00 14.50 17.10 0.00 1.78 European Union 6/ Jul 6.33 60.00 20.50 57.70 77.80 3.00 6.03 Aug 6.23 58.00 22.00 57.70 77.90 2.50 5.83 Japan Jul 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Aug 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Mexico Jul 5.67 24.80 24.80 28.00 49.50 0.02 5.75 Aug 5.67 24.80 25.80 29.00 50.50 0.02 5.75 Southeast Asia 7/ Jul 2.83 31.26 21.50 41.20 51.80 0.61 3.18 Aug 2.85 31.26 21.60 41.70 52.30 0.57 2.85 South Korea Jul 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Aug 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Canada Jul 1.59 15.00 2.30 9.50 15.10 2.10 1.69 Aug 1.59 15.30 2.10 9.50 15.10 2.10 1.79 China Jul 195.18 295.00 10.00 239.00 321.00 0.02 179.16 Aug 194.18 295.00 10.00 239.00 321.00 0.02 178.16 ================================================================================ WASDE - 663 - 24 August 2025 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 ================================================================================ 2023/24 World 3/ 180.50 523.84 53.39 525.04 56.84 179.30 World Less China 73.90 379.22 51.86 376.93 55.21 76.30 United States 0.96 6.92 1.41 4.88 3.15 1.27 Total Foreign 179.54 516.92 51.98 520.16 53.70 178.03 Major Exporters 4/ 46.11 207.19 3.77 165.20 42.67 49.21 Burma 1.11 12.30 0.01 10.00 2.80 0.62 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.03 9.87 0.01 4.00 6.53 1.39 Thailand 4.35 20.00 0.05 12.30 9.89 2.21 Vietnam 3.62 27.20 3.70 22.50 9.04 2.99 Major Importers 5/ 121.41 237.27 20.79 259.34 2.02 118.10 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.37 2.11 3.25 0.36 0.70 Indonesia 4.70 33.02 4.65 36.20 0.00 6.17 Nigeria 1.92 5.61 1.89 8.00 0.00 1.41 Philippines 3.38 12.33 4.50 16.80 0.00 3.40 Sel. Mideast 7/ 1.22 2.02 4.64 6.58 0.00 1.30 Selected Other Brazil 0.62 7.20 0.96 7.10 0.97 0.71 C. Amer & Carib 8/ 0.61 1.40 1.87 3.25 0.06 0.58 Egypt 0.60 3.78 0.18 4.05 0.06 0.46 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.12 0.15 0.85 0.99 0.02 0.12 South Korea 1.43 3.70 0.40 4.19 0.13 1.21 2024/25 Est. World 3/ 179.30 540.83 58.41 532.92 61.89 187.22 World Less China 76.30 395.56 56.08 386.96 60.73 83.72 United States 1.27 7.05 1.54 5.40 2.86 1.60 Total Foreign 178.03 533.78 56.87 527.52 59.03 185.61 Major Exporters 4/ 49.21 219.12 4.07 171.20 47.10 54.09 Burma 0.62 11.90 0.01 10.00 1.90 0.63 India 42.00 150.00 0.00 122.00 24.00 46.00 Pakistan 1.39 9.72 0.01 4.10 5.80 1.22 Thailand 2.21 20.55 0.05 12.50 7.20 3.11 Vietnam 2.99 26.95 4.00 22.60 8.20 3.14 Major Importers 5/ 118.10 239.48 21.97 258.46 1.54 119.55 China 103.00 145.28 2.34 145.96 1.15 103.50 European Union 6/ 0.70 1.60 2.40 3.40 0.35 0.94 Indonesia 6.17 34.10 0.70 35.50 0.00 5.47 Nigeria 1.41 5.77 2.90 8.20 0.00 1.88 Philippines 3.40 12.37 5.43 17.40 0.00 3.80 Sel. Mideast 7/ 1.30 2.28 5.05 6.95 0.00 1.67 Selected Other Brazil 0.71 8.20 0.85 7.20 1.28 1.29 C. Amer & Carib 8/ 0.58 1.51 2.06 3.40 0.10 0.66 Egypt 0.46 3.90 0.15 4.05 0.10 0.36 Japan 1.60 7.29 0.80 8.13 0.09 1.48 Mexico 0.12 0.17 0.88 1.01 0.02 0.14 South Korea 1.21 3.59 0.41 3.88 0.18 1.14 ================================================================================ WASDE - 663 - 25 August 2025 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 ================================================================================ 2025/26 Proj. World 3/ Jul 187.62 541.27 58.98 541.62 61.75 187.28 Aug 187.22 541.46 58.70 541.97 62.11 186.70 World Less China Jul 84.12 395.27 56.38 394.92 60.85 82.78 Aug 83.72 395.46 56.10 395.27 61.21 82.20 United States Jul 1.49 6.51 1.61 5.24 2.95 1.42 Aug 1.60 6.62 1.58 5.30 3.08 1.42 Total Foreign Jul 186.13 534.76 57.37 536.38 58.80 185.86 Aug 185.61 534.84 57.12 536.67 59.03 185.28 Major Exporters 4/ Jul 53.77 219.50 4.17 176.30 47.00 54.13 Aug 54.09 219.50 4.17 176.15 47.20 54.40 Burma Jul 0.83 12.00 0.01 10.20 1.60 1.03 Aug 0.63 12.00 0.01 10.10 1.80 0.73 India Jul 45.00 151.00 0.00 126.50 25.00 44.50 Aug 46.00 151.00 0.00 126.50 25.00 45.50 Pakistan Jul 1.25 9.80 0.01 4.20 5.30 1.56 Aug 1.22 9.80 0.01 4.20 5.30 1.53 Thailand Jul 3.31 20.40 0.05 12.65 7.20 3.91 Aug 3.11 20.40 0.05 12.65 7.20 3.71 Vietnam Jul 3.39 26.30 4.10 22.75 7.90 3.14 Aug 3.14 26.30 4.10 22.70 7.90 2.94 Major Importers 5/ Jul 120.36 240.18 21.65 260.50 1.37 120.33 Aug 119.55 240.37 21.45 260.50 1.34 119.53 China Jul 103.50 146.00 2.60 146.70 0.90 104.50 Aug 103.50 146.00 2.60 146.70 0.90 104.50 European Union 6/ Jul 0.84 1.77 2.20 3.55 0.43 0.84 Aug 0.94 1.77 2.20 3.55 0.40 0.96 Indonesia Jul 5.47 33.60 0.80 35.50 0.00 4.37 Aug 5.47 33.60 0.80 35.30 0.00 4.57 Nigeria Jul 2.84 5.23 3.00 8.10 0.00 2.96 Aug 1.88 5.54 3.00 8.40 0.00 2.02 Philippines Jul 3.80 12.30 5.40 17.70 0.00 3.80 Aug 3.80 12.30 5.00 17.60 0.00 3.50 Sel. Mideast 7/ Jul 1.62 2.23 5.05 7.25 0.00 1.65 Aug 1.67 2.23 5.05 7.25 0.00 1.70 Brazil Jul 1.29 7.60 0.85 7.30 1.30 1.14 Aug 1.29 7.60 0.85 7.30 1.30 1.14 C. Amer & Carib 8/ Jul 0.64 1.52 2.04 3.48 0.08 0.64 Aug 0.66 1.52 2.07 3.46 0.08 0.71 Egypt Jul 0.35 3.90 0.18 4.15 0.05 0.23 Aug 0.36 3.90 0.18 4.05 0.08 0.31 Japan Jul 1.40 7.28 0.69 8.00 0.10 1.27 Aug 1.48 7.28 0.69 8.00 0.10 1.35 Mexico Jul 0.14 0.18 0.90 1.02 0.01 0.19 Aug 0.14 0.18 0.90 1.02 0.01 0.19 South Korea Jul 1.15 3.54 0.41 3.81 0.20 1.09 Aug 1.14 3.44 0.41 3.81 0.20 0.98 ================================================================================ WASDE - 663 - 26 August 2025 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 World 75.83 112.56 44.05 114.95 44.34 -0.21 73.36 World Less China 42.47 85.21 29.08 76.05 44.28 -0.21 36.64 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.18 100.50 44.05 113.10 32.59 -0.18 70.21 Major Exporters 4/ 27.20 57.95 1.63 34.57 28.27 -0.18 24.12 Central Asia 5/ 3.66 5.02 0.05 3.89 1.66 0.00 3.18 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.29 22.03 0.15 4.41 19.25 -0.18 9.99 Australia 4.81 5.00 3/ 0.00 5.74 -0.18 4.24 Brazil 3.93 14.57 0.01 3.37 12.31 0.00 2.83 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.61 39.96 74.49 2.99 0.00 43.86 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.90 0.06 0.00 36.72 European Union 9/ 0.39 1.04 0.47 0.51 1.13 0.00 0.26 Turkey 2.63 3.19 3.57 6.60 1.39 0.00 1.40 Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85 Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40 Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09 Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71 Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03 2024/25 Est. World 73.36 119.15 42.70 117.95 42.43 -0.22 75.05 World Less China 36.64 87.15 37.55 79.95 42.36 -0.22 39.25 United States 3.15 14.41 3/ 1.70 11.90 -0.03 4.00 Total Foreign 70.21 104.74 42.69 116.25 30.53 -0.19 71.05 Major Exporters 4/ 24.12 58.56 4.20 34.89 26.38 -0.19 25.80 Central Asia 5/ 3.18 5.09 0.10 4.06 1.44 0.00 2.87 Afr. Fr. Zone 6/ 1.29 4.25 3/ 0.10 4.10 0.00 1.35 S. Hemis. 7/ 9.99 24.64 0.15 4.55 19.13 -0.19 11.28 Australia 4.24 5.60 3/ 0.00 5.10 -0.19 4.93 Brazil 2.83 17.00 0.01 3.50 13.02 0.00 3.31 India 9.30 24.00 2.95 25.00 1.40 0.00 9.85 Major Importers 8/ 43.86 43.25 35.64 76.81 2.93 0.00 43.02 Mexico 0.24 0.90 0.60 1.35 0.15 0.00 0.24 China 36.72 32.00 5.15 38.00 0.08 0.00 35.79 European Union 9/ 0.26 1.24 0.44 0.48 1.28 0.00 0.17 Turkey 1.40 3.95 4.40 7.10 1.35 0.00 1.30 Pakistan 1.85 5.00 6.10 10.80 0.05 0.00 2.10 Indonesia 0.40 3/ 1.85 1.85 0.02 0.00 0.38 Thailand 0.09 3/ 0.48 0.48 0.00 0.00 0.09 Bangladesh 1.71 0.15 8.10 8.20 0.00 0.00 1.76 Vietnam 1.03 3/ 7.90 7.90 0.00 0.00 1.04 ================================================================================ WASDE - 663 - 27 August 2025 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2025/26 Proj. World Jul 76.78 118.42 44.68 118.12 44.69 -0.25 77.32 Aug 75.05 116.62 43.58 117.99 43.59 -0.23 73.91 World Less China Jul 39.94 87.42 38.88 81.62 44.61 -0.25 40.25 Aug 39.25 85.12 38.28 80.49 43.51 -0.23 38.89 United States Jul 4.10 14.60 0.01 1.70 12.50 -0.10 4.60 Aug 4.00 13.21 0.01 1.70 12.00 -0.08 3.60 Total Foreign Jul 72.68 103.82 44.68 116.42 32.19 -0.15 72.72 Aug 71.05 103.41 43.58 116.29 31.59 -0.15 70.31 Major Exporters 4/ Jul 26.17 58.65 4.45 35.52 28.18 -0.15 25.71 Aug 25.80 58.19 4.35 34.92 28.00 -0.15 25.55 Central Asia 5/ Jul 2.87 5.10 0.20 4.08 1.44 0.00 2.65 Aug 2.87 4.79 0.20 3.98 1.42 0.00 2.46 Afr. Fr. Zone 6/ Jul 1.41 4.83 3/ 0.11 4.83 0.00 1.31 Aug 1.35 4.69 3/ 0.11 4.68 0.00 1.25 S. Hemis. 7/ Jul 11.72 24.81 0.15 4.56 20.61 -0.15 11.65 Aug 11.28 24.81 0.15 4.56 20.61 -0.15 11.21 Australia Jul 4.93 4.10 3/ 0.00 5.00 -0.15 4.18 Aug 4.93 4.10 3/ 0.00 5.00 -0.15 4.18 Brazil Jul 3.82 18.25 0.01 3.50 14.30 0.00 4.27 Aug 3.31 18.25 0.01 3.50 14.30 0.00 3.77 India Jul 9.75 23.50 3.00 25.50 1.00 0.00 9.75 Aug 9.85 23.50 2.90 25.00 1.00 0.00 10.25 Major Importers 8/ Jul 44.13 41.84 37.09 76.08 2.47 0.00 44.51 Aug 43.02 42.34 36.12 76.60 2.44 0.00 42.43 Mexico Jul 0.24 0.80 0.60 1.35 0.10 0.00 0.19 Aug 0.24 0.80 0.60 1.35 0.10 0.00 0.19 China Jul 36.84 31.00 5.80 36.50 0.08 0.00 37.07 Aug 35.79 31.50 5.30 37.50 0.08 0.00 35.02 European Union 9/ Jul 0.23 1.28 0.47 0.51 1.22 0.00 0.25 Aug 0.17 1.28 0.47 0.51 1.19 0.00 0.22 Turkey Jul 1.30 3.60 4.80 7.30 1.00 0.00 1.40 Aug 1.30 3.60 4.60 7.10 1.00 0.00 1.40 Pakistan Jul 2.10 5.00 5.90 10.90 0.05 0.00 2.05 Aug 2.10 5.00 5.90 10.90 0.05 0.00 2.05 Indonesia Jul 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Aug 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Thailand Jul 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Aug 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Bangladesh Jul 1.76 0.15 8.40 8.40 0.00 0.00 1.92 Aug 1.76 0.15 8.10 8.10 0.00 0.00 1.92 Vietnam Jul 1.04 3/ 8.00 8.00 0.00 0.00 1.04 Aug 1.04 3/ 8.00 8.00 0.00 0.00 1.04 ================================================================================ WASDE - 663 - 28 August 2025 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2023/24 World 2/ 101.78 396.93 178.10 331.01 383.69 177.81 115.31 World Less China 69.44 376.09 66.10 232.01 261.89 177.74 72.00 United States 7.19 113.27 0.57 62.20 65.44 46.27 9.32 Total Foreign 94.59 283.66 177.53 268.81 318.25 131.54 105.99 Major Exporters 3/ 54.28 217.00 8.67 94.14 105.49 120.00 54.46 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 154.50 0.87 54.41 58.26 104.17 29.76 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 35.03 24.57 144.11 126.74 157.15 0.35 46.20 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.26 2.81 13.46 14.50 16.00 0.25 1.28 Southeast Asia 5/ 0.68 0.47 9.09 4.35 9.40 0.02 0.83 Mexico 0.56 0.20 6.46 6.53 6.60 0.01 0.62 2024/25 Est. World 2/ 115.31 423.97 178.34 354.67 410.69 181.75 125.19 World Less China 72.00 403.32 71.84 251.67 283.79 181.67 81.71 United States 9.32 118.84 0.68 66.13 68.82 51.03 8.99 Total Foreign 105.99 305.13 177.66 288.54 341.86 130.72 116.20 Major Exporters 3/ 54.46 234.30 7.38 102.85 115.13 118.75 62.27 Argentina 24.05 50.90 6.80 42.60 50.40 6.10 25.25 Brazil 29.76 169.00 0.55 57.00 61.10 102.10 36.11 Paraguay 0.29 10.20 0.02 3.10 3.28 6.80 0.43 Major Importers 4/ 46.20 24.56 140.96 132.28 163.91 0.50 47.31 China 43.31 20.65 106.50 103.00 126.90 0.08 43.48 European Union 1.28 2.92 14.60 15.00 16.52 0.40 1.88 Southeast Asia 5/ 0.83 0.45 10.16 5.10 10.22 0.01 1.20 Mexico 0.62 0.27 6.40 6.65 6.74 0.01 0.54 2025/26 Proj. World 2/ Jul 125.12 427.68 186.06 367.71 425.17 187.63 126.07 Aug 125.19 426.39 185.86 367.71 425.10 187.44 124.90 World Less China Jul 81.64 406.68 74.06 259.71 292.17 187.53 82.69 Aug 81.71 405.39 73.86 259.71 292.10 187.34 81.52 United States Jul 9.53 117.98 0.54 69.13 72.12 47.49 8.44 Aug 8.99 116.82 0.54 69.13 72.05 46.40 7.89 Total Foreign Jul 115.59 309.70 185.52 298.58 353.05 140.14 117.63 Aug 116.20 309.58 185.32 298.58 353.05 141.03 117.01 Major Exporters 3/ Jul 61.67 237.60 7.38 104.27 116.42 127.50 62.73 Aug 62.27 237.60 7.38 104.27 116.42 128.40 62.43 Argentina Jul 24.75 48.50 7.20 43.00 50.50 5.00 24.95 Aug 25.25 48.50 7.20 43.00 50.50 5.80 24.65 Brazil Jul 36.11 175.00 0.15 58.00 62.30 112.00 36.96 Aug 36.11 175.00 0.15 58.00 62.30 112.00 36.96 Paraguay Jul 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Aug 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Major Importers 4/ Jul 47.31 24.89 147.30 138.56 171.56 0.43 47.50 Aug 47.31 24.86 147.10 138.56 171.56 0.43 47.28 China Jul 43.48 21.00 112.00 108.00 133.00 0.10 43.38 Aug 43.48 21.00 112.00 108.00 133.00 0.10 43.38 European Union Jul 1.88 2.95 14.30 15.30 16.82 0.30 2.01 Aug 1.88 2.93 14.20 15.30 16.82 0.30 1.89 Southeast Asia 5/ Jul 1.20 0.42 11.00 5.91 11.31 0.02 1.30 Aug 1.20 0.42 10.90 5.91 11.31 0.02 1.20 Mexico Jul 0.54 0.27 6.70 6.80 6.89 0.01 0.62 Aug 0.54 0.27 6.70 6.80 6.89 0.01 0.62 ================================================================================ WASDE - 663 - 29 August 2025 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 14.30 259.56 69.74 254.69 74.14 14.76 World Less China 13.36 181.15 69.71 177.54 72.71 13.97 United States 0.34 49.08 0.62 35.07 14.56 0.41 Total Foreign 13.96 210.48 69.12 219.62 59.58 14.35 Major Exporters 3/ 6.52 79.14 0.05 30.58 49.58 5.56 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 4.03 41.57 0.02 20.00 22.72 2.89 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.61 21.78 38.58 58.79 0.87 2.30 European Union 0.47 11.46 16.54 26.94 0.65 0.87 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.95 3.39 18.29 21.25 0.22 1.16 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Est. World 2/ 14.76 278.74 77.64 272.18 81.63 17.33 World Less China 13.97 197.17 77.59 191.73 80.63 16.36 United States 0.41 52.43 0.66 36.85 16.24 0.41 Total Foreign 14.35 226.31 76.98 235.33 65.39 16.93 Major Exporters 3/ 5.56 86.02 0.20 31.08 54.80 5.89 Argentina 2.44 33.23 0.14 3.50 29.50 2.81 Brazil 2.89 43.99 0.01 20.50 23.50 2.89 India 0.22 8.80 0.05 7.08 1.80 0.20 Major Importers 4/ 2.30 22.99 44.16 65.12 1.04 3.28 European Union 0.87 11.85 19.90 30.64 0.70 1.28 Mexico 0.16 5.26 2.30 7.43 0.00 0.28 Southeast Asia 5/ 1.16 3.98 20.33 23.55 0.34 1.57 China 0.79 81.58 0.05 80.45 1.00 0.97 2025/26 Proj. World 2/ Jul 17.86 288.58 78.45 284.36 81.96 18.57 Aug 17.33 288.58 78.55 284.35 82.04 18.07 World Less China Jul 16.89 203.04 78.40 200.21 80.76 17.36 Aug 16.36 203.04 78.50 200.20 80.84 16.86 United States Jul 0.41 54.30 0.59 37.90 16.96 0.43 Aug 0.41 54.30 0.59 37.90 16.96 0.43 Total Foreign Jul 17.45 234.28 77.86 246.46 65.00 18.14 Aug 16.93 234.28 77.96 246.45 65.08 17.64 Major Exporters 3/ Jul 6.35 87.24 0.07 32.59 54.60 6.47 Aug 5.89 87.24 0.07 32.59 54.70 5.91 Argentina Jul 2.77 33.54 0.01 3.60 30.00 2.72 Aug 2.81 33.54 0.01 3.60 30.10 2.66 Brazil Jul 3.39 44.78 0.01 21.50 23.20 3.47 Aug 2.89 44.78 0.01 21.50 23.20 2.97 India Jul 0.20 8.92 0.05 7.49 1.40 0.28 Aug 0.20 8.92 0.05 7.49 1.40 0.28 Major Importers 4/ Jul 3.24 23.98 42.05 65.03 0.88 3.36 Aug 3.28 23.98 42.15 65.13 0.88 3.40 European Union Jul 1.28 12.09 17.10 28.84 0.60 1.02 Aug 1.28 12.09 17.10 28.84 0.60 1.02 Mexico Jul 0.28 5.37 2.55 7.88 0.00 0.33 Aug 0.28 5.37 2.55 7.88 0.00 0.33 Southeast Asia 5/ Jul 1.53 4.60 20.60 24.60 0.28 1.86 Aug 1.57 4.60 20.70 24.70 0.28 1.90 China Jul 0.97 85.54 0.05 84.15 1.20 1.21 Aug 0.97 85.54 0.05 84.15 1.20 1.21 ================================================================================ WASDE - 663 - 30 August 2025 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2023/24 World 2/ 5.86 63.96 10.56 62.88 11.81 5.70 World Less China 4.85 45.15 10.18 43.98 11.71 4.50 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 5.13 51.68 10.28 50.56 11.53 4.99 Major Exporters 3/ 1.97 21.63 0.67 14.68 8.04 1.55 Argentina 0.72 7.25 0.00 1.77 5.53 0.67 Brazil 0.59 11.06 0.08 10.20 1.35 0.18 European Union 0.57 2.76 0.59 2.63 0.66 0.62 Major Importers 4/ 1.93 22.14 5.41 26.98 0.26 2.24 China 1.01 18.81 0.38 18.90 0.10 1.20 India 0.60 2.03 3.31 5.18 0.02 0.75 North Africa 5/ 0.30 0.93 1.15 1.97 0.14 0.27 2024/25 Est. World 2/ 5.70 68.68 13.28 67.11 14.36 6.18 World Less China 4.50 49.11 13.03 47.11 14.11 5.41 United States 0.70 13.14 0.17 12.18 1.16 0.68 Total Foreign 4.99 55.54 13.11 54.93 13.20 5.50 Major Exporters 3/ 1.55 23.52 0.79 14.82 9.43 1.61 Argentina 0.67 8.50 0.07 1.98 6.55 0.70 Brazil 0.18 11.58 0.08 10.11 1.43 0.30 European Union 0.62 2.85 0.65 2.66 0.90 0.57 Major Importers 4/ 2.24 23.10 7.48 30.06 0.36 2.41 China 1.20 19.57 0.25 20.00 0.25 0.77 India 0.75 1.98 5.10 6.62 0.02 1.19 North Africa 5/ 0.27 1.15 1.28 2.26 0.08 0.36 2025/26 Proj. World 2/ Jul 6.16 71.02 12.03 70.02 13.21 5.97 Aug 6.18 71.02 12.03 70.06 13.21 5.96 World Less China Jul 5.34 50.50 11.63 49.22 13.11 5.13 Aug 5.41 50.50 11.63 49.26 13.11 5.17 United States Jul 0.66 13.59 0.20 13.38 0.32 0.76 Aug 0.68 13.59 0.20 13.38 0.32 0.78 Total Foreign Jul 5.50 57.42 11.83 56.64 12.90 5.21 Aug 5.50 57.42 11.83 56.68 12.90 5.18 Major Exporters 3/ Jul 1.59 23.86 0.70 15.22 9.24 1.68 Aug 1.61 23.86 0.70 15.22 9.24 1.71 Argentina Jul 0.68 8.58 0.01 1.98 6.60 0.68 Aug 0.70 8.58 0.01 1.98 6.60 0.71 Brazil Jul 0.30 11.79 0.04 10.45 1.30 0.37 Aug 0.30 11.79 0.04 10.45 1.30 0.37 European Union Jul 0.57 2.91 0.65 2.71 0.85 0.57 Aug 0.57 2.91 0.65 2.71 0.85 0.57 Major Importers 4/ Jul 2.44 24.22 6.52 30.98 0.25 1.96 Aug 2.41 24.22 6.52 31.00 0.25 1.90 China Jul 0.82 20.52 0.40 20.80 0.10 0.84 Aug 0.77 20.52 0.40 20.80 0.10 0.79 India Jul 1.20 2.01 4.10 6.55 0.02 0.74 Aug 1.19 2.01 4.10 6.55 0.02 0.74 North Africa 5/ Jul 0.34 1.26 1.27 2.44 0.13 0.31 Aug 0.36 1.26 1.27 2.46 0.13 0.30 ================================================================================ WASDE - 663 - 31 August 2025 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 2024 III 6782 6776 13600 12004 1282 13435 27035 2245 56.1 IV 6882 7207 14133 11905 1264 13302 27435 2269 55.5 Annual 26984 27789 54947 46994 5121 52677 107625 9017 225.9 2025 I 6543 6956 13540 11565 1146 12829 26369 2114 56.8 II 6453 6706 13201 11873 1181 13177 26378 2103 58.7 III* 6415 6765 13220 12225 1225 13575 26795 2150 57.1 IV* 6515 7320 13876 12100 1240 13465 27341 2220 56.6 JulProj. 26188 28041 54394 47690 4796 52979 107373 8614 228.3 AugProj. 25926 27747 53837 47762 4791 53046 106883 8587 229.2 2026 I* 6235 7045 13319 11800 1225 13155 26474 2225 57.6 II* 6340 6840 13219 11925 1260 13320 26539 2275 58.9 JulProj. 25815 28480 54454 48100 5080 53725 108179 9175 229.1 AugProj. 25470 28380 54008 48150 5120 53815 107823 9175 230.4 ================================================================================ 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 2024 III 189.26 65.67 127.4 93.3 317.2 23.97 IV 189.75 62.89 130.0 93.6 409.5 24.20 Annual 187.12 63.41 129.4 93.7 303.1 22.55 2025 I 205.02 63.59 130.8 94.8 675.3 23.23 II 225.22 69.69 135.9 119.3 344.4 21.20 III* 238.00 77.00 128.0 150.0 300.0 21.10 IV* 240.00 67.00 130.0 145.0 330.0 22.50 JulProj. 221.31 68.57 133.9 118.5 413.7 22.00 AugProj. 227.06 69.32 131.2 127.3 412.4 22.00 2026 I* 242.00 64.00 133.0 125.0 250.0 22.10 II* 243.00 69.00 137.0 130.0 200.0 21.60 JulProj. 229 65 136 121 216 21.65 AugProj. 244 66 135 131 216 21.90 ================================================================================ WASDE - 663 - 32 August 2025 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 2024 638 27051 4635 32324 3007 602 28714 59.1 2025 Proj. Jul 602 26255 5377 32233 2728 580 28925 59.1 Aug 602 25992 5274 31869 2682 580 28607 58.5 2026 Proj. Jul 580 25882 5350 31812 2565 570 28677 58.4 Aug 580 25537 4950 31067 2545 570 27952 56.9 Pork 2024 471 27804 1148 29422 7125 435 21862 49.9 2025 Proj. Jul 435 28056 1115 29606 6973 425 22208 50.3 Aug 435 27762 1106 29303 6982 410 21911 49.7 2026 Proj. Jul 425 28494 1140 30059 7000 435 22624 51.1 Aug 410 28394 1140 29944 7000 410 22534 50.9 TotalRed Meat5/ 2024 1130 55038 6148 62316 10137 1058 51121 110.4 2025 Proj. Jul 1058 54485 6835 62378 9707 1026 51645 110.8 Aug 1058 53928 6711 61697 9670 1011 51017 109.5 2026 Proj. Jul 1026 54545 6835 62406 9570 1026 51810 110.8 Aug 1011 54099 6435 61545 9550 1001 50994 109.1 Broiler 2024 835 46491 150 47475 6680 761 40034 101.1 2025 Proj. Jul 761 47180 149 48090 6473 765 40852 102.5 Aug 761 47251 150 48163 6481 765 40916 102.7 2026 Proj. Jul 765 47585 140 48490 6610 780 41100 102.7 Aug 765 47635 140 48540 6610 780 41150 102.8 Turkey 2024 243 5121 37 5401 486 219 4697 13.8 2025 Proj. Jul 219 4796 34 5049 405 190 4453 13.0 Aug 219 4791 35 5045 412 190 4443 13.0 2026 Proj. Jul 190 5080 28 5298 435 210 4653 13.5 Aug 190 5120 28 5338 435 210 4693 13.6 Total Poultry6/ 2024 1085 52174 190 53449 7187 985 45277 116.5 2025 Proj. Jul 985 52468 184 53638 6911 960 45766 116.9 Aug 985 52534 187 53706 6934 960 45812 117.0 2026 Proj. Jul 960 53210 170 54340 7073 996 46271 117.7 Aug 960 53299 170 54429 7085 996 46348 117.9 RedMeat& Poultry 2024 2215 107212 6338 115765 17324 2043 96398 226.9 2025 Proj. Jul 2043 106954 7019 116015 16618 1986 97411 227.7 Aug 2043 106462 6898 115403 16604 1971 96829 226.4 2026 Proj. Jul 1986 107755 7005 116745 16643 2022 98081 228.5 Aug 1971 107398 6605 115974 16635 1997 97342 227.0 ================================================================================ WASDE - 663 - 33 August 2025 U.S. Egg Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Jul Aug Jul Aug ================================================================================ Million Dozen Eggs Supply BeginningStocks 18.8 23.1 14.2 14.2 17.0 16.0 Production 9150.3 9016.6 8614.5 8587.4 9175.0 9175.0 Imports 27.5 30.1 123.7 129.1 70.0 70.0 Total Supply 9196.5 9069.8 8752.4 8730.7 9262.0 9261.0 Use Exports 250.5 236.7 187.2 187.1 220.0 220.0 Hatching Use 1120.4 1148.2 1162.4 1161.1 1160.0 1160.0 Ending Stocks 23.1 14.2 17.0 16.0 21.0 21.0 Disappearance Total 7802.5 7670.7 7385.8 7366.6 7861.0 7860.0 Per Capita (number) 277.7 270.6 258.9 258.2 274.4 274.3 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Jul Aug Jul Aug ================================================================================ Billion Pounds Milk Production 226.3 225.9 228.3 229.2 229.1 230.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.4 13.8 13.1 13.1 12.1 12.1 Marketings 225.3 224.9 227.3 228.2 228.1 229.4 Imports 7.4 9.1 8.5 8.3 8.9 8.9 Total Supply 247.1 247.8 249.0 249.6 249.1 250.4 FatBasisUse Exports 10.5 11.8 13.8 14.6 12.6 12.8 Ending Stocks 13.8 13.1 12.1 12.1 11.9 12.0 Domestic Use 222.8 222.8 223.0 222.9 224.6 225.6 Skim-solidBasisSupply BeginningStocks 11.7 9.8 9.4 9.4 11.5 11.1 Marketings 225.3 224.9 227.3 228.2 228.1 229.4 Imports 6.3 6.8 6.9 7.0 7.0 7.2 Total Supply 243.3 241.5 243.6 244.6 246.6 247.7 Skim-solidBasisUse Exports 49.9 48.9 45.3 47.7 46.7 48.9 Ending Stocks 9.8 9.4 11.5 11.1 11.4 11.8 Domestic Use 183.6 183.2 186.8 185.8 188.5 187.1 ================================================================================ WASDE - 663 - 34 August 2025 U.S. Dairy Prices ================================================================================ Commod- 2023 2024 2025 Proj. 2025 Proj. 2026 Proj. 2026 Proj. ity Jul Aug Jul Aug ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.7593 1.8634 1.840 1.840 1.810 1.810 Butter 2.6170 2.8870 2.560 2.520 2.535 2.550 Nonfat Dry Milk 1.1856 1.2420 1.260 1.275 1.235 1.255 Dry Whey 0.3618 0.4913 0.575 0.575 0.515 0.515 Milk Prices 2/ Dollars Per Cwt ClassIII 17.02 18.89 18.50 18.50 17.85 17.85 Class IV 19.12 20.75 19.05 18.95 18.60 18.85 All Milk 3/ 20.34 22.55 22.00 22.00 21.65 21.90 ================================================================================ WASDE - 663 - 35 August 2025 Reliability of August Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 2.2 3.6 10.1 0.2 32.1 30 14 U.S. 2.6 4.4 1.1 0.0 4.2 17 27 Foreign 2.4 4.1 10.1 0.6 31.1 30 14 Exports World 5.7 9.5 6.5 0.4 19.1 33 11 U.S. 10.5 17.7 2.4 0.0 10.0 20 23 Foreign 7.0 11.7 6.4 0.3 20.5 32 12 Domestic Use World 1.8 3.1 8.1 0.2 34.8 25 19 U.S. 7.1 12.0 1.8 0.0 5.5 15 29 Foreign 1.8 3.1 7.9 0.2 34.6 28 16 Ending Stocks World 8.7 14.7 10.8 0.3 31.2 33 11 U.S. 14.6 24.5 2.8 0.5 12.6 28 16 Foreign 9.3 15.7 9.5 0.1 28.7 33 11 COARSE GRAINS 2/ Production World 2.3 3.9 18.2 0.4 53.7 33 11 U.S. 5.9 9.9 9.9 0.0 31.4 26 18 Foreign 2.4 4.0 14.1 0.7 58.4 29 15 Exports World 6.8 11.5 6.8 0.1 23.8 31 13 U.S. 21.3 35.9 7.8 0.4 22.0 20 24 Foreign 13.4 22.6 7.6 1.4 19.9 29 15 Domestic Use World 1.6 2.7 13.3 0.2 36.8 25 19 U.S. 4.0 6.7 6.6 0.2 17.0 25 19 Foreign 1.8 3.0 11.7 1.1 39.2 28 16 Ending Stocks World 15.6 26.2 21.0 0.1 171.8 33 11 U.S. 35.3 59.4 10.5 0.3 43.5 22 22 Foreign 16.0 27.0 14.9 0.2 154.8 34 10 RICE, milled Production World 2.2 3.7 6.3 0.1 24.4 29 15 U.S. 5.6 9.4 0.3 0.0 0.7 23 21 Foreign 2.2 3.8 6.3 0.4 24.7 30 14 Exports World 9.2 15.4 2.0 0.0 7.8 32 12 U.S. 11.9 20.1 0.2 0.0 1.0 20 22 Foreign 10.1 17.1 2.0 0.1 8.0 31 13 Domestic Use World 1.8 3.0 4.3 0.1 23.5 34 10 U.S. 8.0 13.5 0.2 0.0 0.5 22 22 Foreign 1.8 3.0 4.3 0.0 24.0 33 11 Ending Stocks World 11.8 19.8 6.6 0.1 27.3 34 10 U.S. 29.4 49.5 0.2 0.0 1.0 27 16 Foreign 12.7 21.3 6.6 0.1 27.1 34 10 ================================================================================ WASDE - 663 - 36 August 2025 Reliability of August Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 4.7 7.9 8.1 0.3 30.9 22 22 U.S. 5.9 10.0 3.5 0.0 11.1 22 21 Foreign 7.5 12.6 7.2 0.7 33.5 20 24 Exports World 6.9 11.6 3.6 0.0 18.2 27 16 U.S. 11.9 20.0 3.0 0.0 9.8 25 18 Foreign 18.5 31.2 3.5 0.0 21.3 22 22 Domestic Use World 3.4 5.7 5.2 0.0 15.9 26 18 U.S. 4.7 8.0 1.6 0.0 4.6 25 19 Foreign 3.9 6.6 4.9 0.6 15.4 25 19 Ending Stocks World 15.8 26.6 4.9 0.1 23.5 21 23 U.S. 68.9 116.0 2.9 0.3 12.9 16 28 Foreign 17.9 30.1 4.7 0.2 21.3 25 19 COTTON Production World 4.8 8.0 3.3 0.0 13.2 23 20 U.S. 8.7 14.7 1.1 0.0 3.9 21 22 Foreign 5.1 8.6 2.9 0.0 10.9 23 20 Exports World 9.8 16.5 2.5 0.1 10.2 20 24 U.S. 20.4 34.3 1.2 0.0 3.2 22 22 Foreign 12.9 21.8 2.0 0.1 8.5 22 22 Domestic Use World 5.1 8.6 3.6 0.3 20.7 17 27 U.S. 10.2 17.1 0.4 0.0 1.3 19 22 Foreign 5.1 8.6 3.6 0.3 20.1 18 26 Ending Stocks World 14.6 24.6 6.0 0.2 18.5 28 16 U.S. 43.6 73.4 1.4 0.0 5.1 16 27 Foreign 14.7 24.8 5.4 0.1 18.6 30 14 ================================================================================ WASDE - 663 - 37 August 2025 Reliability of United States August Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 6.3 10.6 375 1 1096 25 19 Exports 22.0 37.0 283 12 750 20 24 Domestic Use 4.3 7.3 269 10 590 26 18 Ending Stocks 40.2 67.8 392 12 1674 21 23 SORGHUM Production 11.8 19.9 35 1 108 23 21 Exports 42.0 70.7 46 1 160 20 24 Domestic Use 30.8 51.8 46 0 140 21 21 Ending Stocks 56.3 94.9 34 1 201 18 26 BARLEY Production 6.2 10.4 14 1 67 17 27 Exports 74.0 124.6 12 0 82 21 19 Domestic Use 10.2 17.1 22 0 82 16 27 Ending Stocks 18.8 31.7 20 0 94 20 23 OATS Production 9.7 16.4 12 0 57 9 33 Exports 90.2 151.9 1 0 8 10 12 Domestic Use 6.9 11.6 13 1 39 12 32 Ending Stocks 23.2 39.0 14 0 40 20 23 Thousand Short Tons SOYBEAN MEAL Production 4.7 7.9 1225 32 3669 29 15 Exports 14.9 25.1 888 0 3500 26 17 Domestic Use 3.9 6.5 782 0 3800 26 17 Ending Stocks 40.9 68.8 52 0 428 13 17 Million Pounds SOYBEAN OIL Production 4.7 7.9 604 11 2290 29 15 Exports 51.0 85.9 461 0 2000 21 20 Domestic Use 4.2 7.1 519 8 2200 27 17 Ending Stocks 31.5 53.0 449 0 1472 23 20 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 816 110 2536 30 13 Pork 2.9 4.9 417 10 1375 24 19 Broilers 2.2 3.6 571 5 1424 23 20 Turkeys 4.1 7.0 164 2 458 21 22 Million Dozen Eggs 2.6 4.3 144 4 856 25 18 Billion Pounds Milk 1.6 2.8 2.2 0.1 7.0 23 20 ================================================================================