WASDE - 575 - 8 March 2018 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/ 2015/16 2468.58 3061.58 376.64 2434.81 626.77 2016/17 (Est.) 2601.38 3228.15 428.31 2573.88 654.26 2017/18 (Proj.) Feb 2564.51 3217.04 420.71 2580.11 636.93 Mar 2567.01 3221.28 422.93 2583.31 637.97 Wheat 2015/16 735.21 953.10 172.84 711.61 241.49 2016/17 (Est.) 750.51 992.00 183.28 739.39 252.60 2017/18 (Proj.) Feb 758.25 1010.89 181.69 744.79 266.10 Mar 758.79 1011.39 182.03 742.50 268.89 Coarse Grains 5/ 2015/16 1260.44 1507.65 163.46 1255.09 252.56 2016/17 (Est.) 1364.72 1617.28 198.28 1352.91 264.38 2017/18 (Proj.) Feb 1321.94 1584.58 192.18 1354.54 230.04 Mar 1321.96 1586.34 193.56 1360.32 226.02 Rice, milled 2015/16 472.94 600.83 40.34 468.11 132.72 2016/17 (Est.) 486.15 618.87 46.75 481.58 137.29 2017/18 (Proj.) Feb 484.33 621.57 46.84 480.78 140.79 Mar 486.26 623.55 47.34 480.49 143.06 United States Total Grains 4/ 2015/16 429.26 506.00 81.75 348.12 76.14 2016/17 (Est.) 472.56 556.09 96.92 363.41 95.76 2017/18 (Proj.) Feb 437.29 541.63 87.85 363.24 90.54 Mar 437.29 541.46 91.26 364.86 85.34 Wheat 2015/16 56.12 79.66 21.17 31.94 26.55 2016/17 (Est.) 62.83 92.60 28.72 31.75 32.13 2017/18 (Proj.) Feb 47.37 83.72 25.86 30.40 27.47 Mar 47.37 83.72 25.17 30.40 28.15 Coarse Grains 5/ 2015/16 367.01 417.89 57.18 312.60 48.11 2016/17 (Est.) 402.61 454.15 64.50 327.48 62.17 2017/18 (Proj.) Feb 384.26 450.00 58.82 329.03 62.15 Mar 384.26 449.83 62.91 330.65 56.27 Rice, milled 2015/16 6.13 8.45 3.40 3.58 1.48 2016/17 (Est.) 7.12 9.34 3.70 4.17 1.46 2017/18 (Proj.) Feb 5.66 7.91 3.18 3.81 0.93 Mar 5.66 7.91 3.18 3.81 0.93 ================================================================================ WASDE - 575 - 9 March 2018 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/ 2015/16 2039.33 2555.57 294.89 2086.69 550.63 2016/17 (Est.) 2128.82 2672.06 331.39 2210.48 558.51 2017/18 (Proj.) Feb 2127.23 2675.41 332.86 2216.87 546.39 Mar 2129.73 2679.82 331.68 2218.45 552.63 Wheat 2015/16 679.09 873.44 151.67 679.67 214.94 2016/17 (Est.) 687.67 899.39 154.57 707.64 220.47 2017/18 (Proj.) Feb 710.88 927.16 155.84 714.39 238.63 Mar 711.42 927.67 156.86 712.10 240.74 Coarse Grains 5/ 2015/16 893.43 1089.76 106.28 942.49 204.45 2016/17 (Est.) 962.11 1163.13 133.78 1025.43 202.21 2017/18 (Proj.) Feb 937.68 1134.58 133.36 1025.52 167.89 Mar 937.71 1136.51 130.66 1029.67 169.75 Rice, milled 2015/16 466.81 592.38 36.95 464.53 131.24 2016/17 (Est.) 479.04 609.53 43.04 477.41 135.82 2017/18 (Proj.) Feb 478.67 613.66 43.66 476.97 139.87 Mar 480.60 615.64 44.16 476.67 142.14 ================================================================================ 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 2015/16 96.20 207.25 35.07 112.30 95.32 2016/17 (Est.) 106.80 202.12 37.33 114.81 87.70 2017/18 (Proj.) Feb 121.37 209.03 38.22 120.50 88.55 Mar 121.94 209.64 38.83 120.79 88.85 United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.92 3.25 2.75 2017/18 (Proj.) Feb 21.26 24.02 14.50 3.35 6.00 Mar 21.03 23.79 14.80 3.35 5.50 Foreign 4/ 2015/16 83.31 190.68 25.92 108.85 91.52 2016/17 (Est.) 89.63 181.14 22.41 111.56 84.95 2017/18 (Proj.) Feb 100.11 185.01 23.72 117.15 82.55 Mar 100.91 185.85 24.03 117.44 83.35 ================================================================================ WASDE - 575 - 10 March 2018 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 2015/16 521.53 615.06 153.28 446.41 90.97 2016/17 (Est.) 575.30 666.27 170.62 470.89 108.64 2017/18 (Proj.) Feb 578.62 686.63 175.85 487.47 110.43 Mar 574.50 683.14 174.66 489.19 107.30 Oilmeals 2015/16 306.43 323.77 86.89 303.82 16.18 2016/17 (Est.) 322.31 338.49 88.30 318.90 15.67 2017/18 (Proj.) Feb 333.67 349.55 91.06 331.20 14.19 Mar 335.29 350.96 90.84 332.11 14.67 Vegetable Oils 2015/16 176.92 201.36 73.56 177.67 20.75 2016/17 (Est.) 189.11 209.85 80.93 184.43 19.95 2017/18 (Proj.) Feb 197.12 216.52 81.11 190.83 20.72 Mar 197.78 217.73 81.03 191.63 21.21 United States Oilseeds 2015/16 115.88 123.76 53.96 55.05 6.87 2016/17 (Est.) 126.93 135.30 60.28 56.26 9.60 2017/18 (Proj.) Feb 131.31 142.35 58.41 57.58 16.23 Mar 131.31 142.33 57.46 57.78 16.92 Oilmeals 2015/16 42.78 47.15 11.18 35.69 0.28 2016/17 (Est.) 43.11 47.31 10.83 36.07 0.41 2017/18 (Proj.) Feb 44.33 48.44 11.41 36.71 0.33 Mar 44.46 48.57 11.59 36.66 0.33 Vegetable Oils 2015/16 11.21 17.03 1.25 14.58 1.20 2016/17 (Est.) 11.43 17.37 1.42 14.72 1.23 2017/18 (Proj.) Feb 11.60 17.69 1.10 15.48 1.11 Mar 11.64 17.76 1.10 15.45 1.20 Foreign 3/ Oilseeds 2015/16 405.65 491.30 99.32 391.36 84.10 2016/17 (Est.) 448.36 530.96 110.34 414.63 99.04 2017/18 (Proj.) Feb 447.31 544.28 117.44 429.89 94.19 Mar 443.19 540.81 117.20 431.41 90.39 Oilmeals 2015/16 263.65 276.62 75.71 268.13 15.90 2016/17 (Est.) 279.20 291.18 77.47 282.83 15.26 2017/18 (Proj.) Feb 289.34 301.10 79.65 294.49 13.86 Mar 290.83 302.38 79.25 295.45 14.34 Vegetable Oils 2015/16 165.71 184.34 72.32 163.10 19.55 2016/17 (Est.) 177.67 192.49 79.51 169.71 18.72 2017/18 (Proj.) Feb 185.52 198.83 80.01 175.35 19.62 Mar 186.14 199.98 79.93 176.18 20.01 ================================================================================ WASDE - 575 - 11 March 2018 U.S. Wheat Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Acres Area Planted 55.0 50.1 46.0 46.0 Area Harvested 47.3 43.9 37.6 37.6 Bushels Yield per Harvested Acre 43.6 52.7 46.3 46.3 Million Bushels Beginning Stocks 752 976 1181 1181 Production 2062 2309 1741 1741 Imports 113 118 155 155 Supply, Total 2927 3402 3076 3076 Food 957 949 955 955 Seed 67 61 62 62 Feed and Residual 149 156 100 100 Domestic, Total 1174 1167 1117 1117 Exports 778 1055 950 925 Use, Total 1951 2222 2067 2042 Ending Stocks 976 1181 1009 1034 Avg.FarmPrice ($/bu) 2/ 4.89 3.89 4.55-4.65 4.60-4.70 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1082 491 345 286 104 2309 Supply, Total 3/ 1533 805 535 368 162 3402 Domestic Use 489 249 228 99 101 1167 Exports 455 321 92 163 24 1055 Use, Total 943 570 320 263 126 2222 Ending Stocks, Total 589 235 215 105 36 1181 2017/18 (Proj.) Beginning Stocks 589 235 215 105 36 1181 Production 750 385 292 258 55 1741 Supply, Total 3/ 1347 694 527 370 138 3076 Domestic Use 457 274 209 94 83 1117 Exports 380 235 90 200 20 925 Use, Total 837 509 299 294 103 2042 Ending Stocks, Total Mar 510 185 228 76 35 1034 Feb 494 176 228 76 35 1009 ================================================================================ WASDE - 575 - 12 March 2018 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Acres FEED GRAINS Area Planted 103.2 106.6 100.9 100.9 Area Harvested 93.0 96.5 90.5 90.5 Metric Tons Yield per Harvested Acre 3.94 4.17 4.24 4.24 Million Metric Tons Beginning Stocks 46.9 48.1 62.1 62.1 Production 366.7 402.3 384.0 384.0 Imports 3.7 3.3 3.4 3.2 Supply, Total 417.4 453.6 449.5 449.4 Feed and Residual 135.2 144.6 145.0 145.3 Food, Seed & Industrial 176.9 182.4 183.6 184.9 Domestic, Total 312.1 327.0 328.6 330.2 Exports 57.2 64.5 58.8 62.9 Use, Total 369.3 391.5 387.4 393.1 Ending Stocks 48.1 62.1 62.1 56.3 Million Acres CORN Area Planted 88.0 94.0 90.2 90.2 Area Harvested 80.8 86.7 82.7 82.7 Bushels Yield per Harvested Acre 168.4 174.6 176.6 176.6 Million Bushels Beginning Stocks 1731 1737 2293 2293 Production 13602 15148 14604 14604 Imports 68 57 50 50 Supply, Total 15401 16942 16947 16947 Feed and Residual 5114 5473 5550 5550 Food,Seed& Industrial 2/ 6648 6882 6995 7045 Ethanol & by-products 3/ 5224 5432 5525 5575 Domestic, Total 11763 12356 12545 12595 Exports 1901 2293 2050 2225 Use, Total 13664 14649 14595 14820 Ending Stocks 1737 2293 2352 2127 Avg.FarmPrice ($/bu) 4/ 3.61 3.36 3.05-3.55 3.15-3.55 ================================================================================ WASDE - 575 - 13 March 2018 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 8.5 6.7 5.6 5.6 AreaHarvested(mil.acres) 7.9 6.2 5.0 5.0 Yield (bushels/acre) 76.0 77.9 72.1 72.1 Beginning Stocks 18 37 33 33 Production 597 480 364 364 Imports 5 2 2 2 Supply, Total 620 519 399 399 Feed and Residual 107 130 65 80 Food, Seed & Industrial 137 115 50 50 Total Domestic 244 245 115 130 Exports 340 241 260 245 Use, Total 583 485 375 375 Ending Stocks 37 33 24 24 Avg.FarmPrice ($/bu) 2/ 3.31 2.79 2.90-3.40 2.95-3.35 BARLEY AreaPlanted (mil. acres) 3.6 3.1 2.5 2.5 AreaHarvested(mil.acres) 3.2 2.6 2.0 2.0 Yield (bushels/acre) 69.1 77.9 72.6 72.6 Beginning Stocks 79 102 106 106 Production 218 200 142 142 Imports 19 10 15 15 Supply, Total 315 312 263 263 Feed and Residual 44 39 35 35 Food, Seed & Industrial 158 162 162 162 Total Domestic 202 201 197 197 Exports 11 4 5 6 Use, Total 213 205 202 203 Ending Stocks 102 106 61 60 Avg.FarmPrice ($/bu) 2/ 5.52 4.96 4.15-4.75 4.20-4.70 OATS AreaPlanted (mil. acres) 3.1 2.8 2.6 2.6 AreaHarvested(mil.acres) 1.3 1.0 0.8 0.8 Yield (bushels/acre) 70.2 66.0 61.7 61.7 Beginning Stocks 54 57 50 50 Production 90 65 49 49 Imports 86 90 100 90 Supply, Total 229 212 200 190 Feed and Residual 94 82 90 90 Food, Seed & Industrial 77 76 78 78 Total Domestic 170 158 168 168 Exports 2 3 2 2 Use, Total 172 162 170 170 Ending Stocks 57 50 30 20 Avg.FarmPrice ($/bu) 2/ 2.12 2.06 2.50-2.70 2.55-2.75 ================================================================================ WASDE - 575 - 14 March 2018 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Acres TOTAL Area Planted 2.63 3.15 2.46 2.46 Area Harvested 2.59 3.10 2.37 2.37 Pounds Yield per Harvested Acre 7472 7237 7507 7507 Million Hundredweight Beginning Stocks 2/ 48.5 46.5 46.0 46.0 Production 193.1 224.1 178.2 178.2 Imports 24.1 23.5 24.9 24.9 Supply, Total 265.8 294.1 249.2 249.2 Domestic & Residual 3/ 112.4 131.4 120.0 120.0 Exports, Total 4/ 107.0 116.7 100.0 100.0 Rough 39.3 42.5 34.0 34.0 Milled (rough equiv.) 67.7 74.2 66.0 66.0 Use, Total 219.3 248.0 220.0 220.0 Ending Stocks 46.5 46.0 29.2 29.2 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 12.20 10.40 12.10-12.90 12.10-12.90 LONG GRAIN Harvested Acres (mil.) 1.85 2.40 1.75 1.75 Yield (pounds/acre) 7219 6927 7314 7314 Beginning Stocks 26.5 22.7 31.0 31.0 Production 133.4 166.5 127.9 127.9 Supply, Total 7/ 180.7 209.4 180.4 180.4 Domestic & Residual 3/ 82.1 99.7 93.0 93.0 Exports 8/ 75.9 78.7 71.0 71.0 Use, Total 158.0 178.4 164.0 164.0 Ending Stocks 22.7 31.0 16.4 16.4 Avg.FarmPrice($/cwt) 6/ 11.20 9.61 11.30-12.10 11.40-12.00 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.74 0.69 0.63 0.63 Yield (pounds/acre) 8107 8311 8048 8048 Beginning Stocks 20.2 20.9 11.5 11.5 Production 59.7 57.7 50.4 50.4 Supply, Total 7/ 82.2 81.1 65.3 65.3 Domestic & Residual 3/ 30.3 31.7 27.0 27.0 Exports 8/ 31.0 37.9 29.0 29.0 Use, Total 61.3 69.6 56.0 56.0 Ending Stocks 20.9 11.5 9.3 9.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 13.10 14.60-15.40 14.60-15.40 California 10/ 18.10 14.10 15.50-16.50 15.50-16.50 Other States 1/ 11.20 10.10 11.50-12.30 11.60-12.20 ================================================================================ WASDE - 575 - 15 March 2018 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Acres SOYBEANS Area Planted 82.7 83.4 90.1 90.1 Area Harvested 81.7 82.7 89.5 89.5 Bushels Yield per Harvested Acre 48.0 52.0 49.1 49.1 Million Bushels Beginning Stocks 191 197 302 302 Production 3926 4296 4392 4392 Imports 24 22 25 25 Supply, Total 4140 4515 4718 4718 Crushings 1886 1901 1950 1960 Exports 1942 2174 2100 2065 Seed 97 105 106 106 Residual 18 34 33 33 Use, Total 3944 4213 4188 4163 Ending Stocks 197 302 530 555 Avg.FarmPrice ($/bu) 2/ 8.95 9.47 8.90-9.70 9.00-9.60 Million Pounds SOYBEAN OIL Beginning Stocks 1855 1687 1711 1711 Production 4/ 21950 22123 22525 22640 Imports 287 319 300 300 Supply, Total 24092 24129 24536 24651 Domestic Disappearance 20162 19862 21100 21000 Biodiesel 3/ 5670 6200 7500 7200 Food, Feed & other Industrial 14492 13661 13600 13800 Exports 2243 2556 1900 1900 Use, Total 22405 22418 23000 22900 Ending stocks 1687 1711 1536 1751 Avg. Price (c/lb) 2/ 29.86 32.48 31.00-34.00 30.00-33.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 260 264 401 401 Production 4/ 44672 44787 46099 46299 Imports 403 349 300 300 Supply, Total 45336 45400 46800 47000 Domestic Disappearance 33118 33399 34300 34300 Exports 11954 11601 12200 12400 Use, Total 45072 45000 46500 46700 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 2/ 324.56 316.88 305.00-335.00 325.00-355.00 ================================================================================ WASDE - 575 - 16 March 2018 U.S. Sugar Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1815 2054 1876 1876 Production 2/ 8989 8969 9230 9240 Beet Sugar 5119 5103 5219 5219 Cane Sugar 3870 3866 4011 4021 Florida 2173 2055 1992 1992 Hawaii 152 43 0 0 Louisiana 1428 1628 1859 1859 Texas 116 140 160 170 Imports 3341 3244 3316 3467 TRQ 3/ 1620 1611 1788 1788 Other Program 4/ 396 419 250 400 Other 5/ 1325 1213 1278 1279 Mexico 1309 1201 1268 1269 Total Supply 14145 14267 14422 14583 Exports 74 95 100 150 Deliveries 12051 12258 12480 12480 Food 6/ 11881 12102 12325 12325 Other 7/ 170 156 155 155 Miscellaneous -33 38 0 0 Total Use 12091 12391 12580 12630 Ending Stocks 2054 1876 1842 1953 Stocks to Use Ratio 17.0 15.1 14.6 15.5 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Raw Value Sugar 2016/17 Est. Feb 1037 5957 93 4851 1234 1002 Mar 1037 5957 93 4851 1234 1002 2017/18 Proj. Feb 1002 6100 135 4886 1362 989 Mar 1002 6050 170 4886 1347 989 ================================================================================ WASDE - 575 - 17 March 2018 U.S. Cotton Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Feb Mar ================================================================================ Million Acres Planted 8.58 10.07 12.61 12.61 Harvested 8.07 9.51 11.35 11.35 Pounds Yield per Harvested Acre 766 867 899 889 Million 480 Pound Bales Beginning Stocks 3.65 3.80 2.75 2.75 Production 12.89 17.17 21.26 21.03 Imports 0.03 0.01 0.01 0.01 Supply, Total 16.57 20.98 24.02 23.79 Domestic Use 3.45 3.25 3.35 3.35 Exports, Total 9.15 14.92 14.50 14.80 Use, Total 12.60 18.17 17.85 18.15 Unaccounted 2/ 0.17 0.06 0.17 0.14 Ending Stocks 3.80 2.75 6.00 5.50 Avg. Farm Price 3/ 61.2 68.0 67.00-71.00 68.00-70.00 ================================================================================ WASDE - 575 - 18 March 2018 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 217.89 735.21 170.19 136.50 711.61 172.84 241.49 United States 20.48 56.12 3.07 4.07 31.94 21.17 26.55 Total Foreign 197.42 679.09 167.12 132.43 679.67 151.67 214.94 Major Exporters 4/ 29.27 221.65 7.59 65.65 150.59 82.52 25.41 Argentina 4.80 11.30 0.01 0.20 5.70 9.60 0.82 Australia 4.67 22.28 0.15 3.70 7.13 16.12 3.85 Canada 7.10 27.59 0.51 2.75 7.92 22.11 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.34 205.41 92.35 27.94 264.64 6.42 140.05 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.65 19.91 19.19 4.85 37.77 0.55 14.43 N. Africa 8/ 13.22 19.98 27.80 2.28 43.67 0.70 16.63 Pakistan 3.71 25.09 0.02 0.80 24.40 0.60 3.82 Southeast Asia 9/ 3.85 0.00 24.60 8.02 22.30 0.97 5.19 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.66 117.96 7.40 26.74 77.78 51.48 16.77 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.61 Kazakhstan 3.28 13.75 0.07 2.10 6.90 7.60 2.60 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. World 3/ 241.49 750.51 179.21 147.09 739.39 183.28 252.60 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 214.94 687.67 176.00 142.83 707.64 154.57 220.47 Major Exporters 4/ 25.41 225.74 5.94 65.39 150.92 83.95 22.22 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 31.73 0.50 5.44 10.42 20.16 6.84 European Union 5/ 15.56 145.25 5.29 56.00 128.00 27.32 10.77 Major Importers 6/ 140.05 200.07 96.41 36.62 278.75 5.49 152.30 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 14.43 20.14 18.11 4.97 39.12 0.53 13.03 N. Africa 8/ 16.63 14.08 28.36 2.28 44.57 0.57 13.92 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.77 130.47 7.36 28.00 79.07 54.42 21.11 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 ================================================================================ WASDE - 575 - 19 March 2018 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 ================================================================================ 2017/18 Proj. World 3/ Feb 252.64 758.25 180.31 144.52 744.79 181.69 266.10 Mar 252.60 758.79 181.75 144.57 742.50 182.03 268.89 United States Feb 32.13 47.37 4.22 2.72 30.40 25.86 27.47 Mar 32.13 47.37 4.22 2.72 30.40 25.17 28.15 Total Foreign Feb 220.51 710.88 176.09 141.80 714.39 155.84 238.63 Mar 220.47 711.42 177.53 141.85 712.10 156.86 240.74 Major Exporters 4/ Feb 22.22 221.10 6.16 64.00 149.75 77.00 22.73 Mar 22.22 221.10 6.16 64.00 149.75 76.00 23.73 Argentina Feb 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Mar 0.25 18.00 0.01 0.10 5.50 12.50 0.26 Australia Feb 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Mar 4.37 21.50 0.15 3.40 6.80 16.00 3.22 Canada Feb 6.84 30.00 0.50 3.50 8.70 22.50 6.14 Mar 6.84 30.00 0.50 3.50 8.70 22.50 6.14 European Union 5/ Feb 10.77 151.60 5.50 57.00 128.75 26.00 13.12 Mar 10.77 151.60 5.50 57.00 128.75 25.00 14.12 Major Importers 6/ Feb 152.28 202.75 95.88 31.78 278.71 6.71 165.49 Mar 152.30 202.53 96.13 31.93 278.99 7.01 164.97 Brazil Feb 2.26 4.25 7.80 0.50 12.10 0.60 1.61 Mar 2.26 4.26 7.80 0.50 12.10 0.60 1.62 China Feb 111.05 130.00 4.00 13.50 117.00 1.00 127.05 Mar 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ Feb 13.03 19.42 18.20 5.31 40.50 0.89 9.26 Mar 13.03 19.42 18.25 5.36 40.57 0.94 9.19 N. Africa 8/ Feb 13.92 18.15 27.85 2.18 45.08 0.69 14.16 Mar 13.92 18.15 27.85 2.18 45.08 0.74 14.11 Pakistan Feb 4.33 26.50 0.03 1.00 25.00 1.00 4.86 Mar 4.35 26.50 0.03 1.00 25.00 1.20 4.68 Southeast Asia 9/ Feb 5.61 0.00 27.00 8.29 24.94 1.07 6.60 Mar 5.61 0.00 27.20 8.39 25.14 1.07 6.60 India Feb 9.80 98.38 2.00 5.00 100.00 0.50 9.68 Mar 9.80 98.51 1.50 5.00 98.00 0.50 11.31 FSU-12 Feb 21.11 142.15 8.03 32.70 84.19 61.65 25.45 Mar 21.11 142.75 8.08 32.60 84.09 63.36 24.48 Russia Feb 10.83 85.00 0.50 21.50 45.00 36.00 15.33 Mar 10.83 84.99 0.50 21.50 45.00 37.50 13.82 Kazakhstan Feb 3.36 14.00 0.05 2.10 6.90 7.50 3.01 Mar 3.36 14.80 0.05 2.10 6.90 7.50 3.82 Ukraine Feb 1.77 26.98 0.03 3.50 9.90 17.00 1.88 Mar 1.77 26.98 0.03 3.50 9.90 17.20 1.68 ================================================================================ WASDE - 575 - 20 March 2018 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 ================================================================================ 2015/16 World 3/ 247.21 1260.44 181.15 767.19 1255.09 163.46 252.56 United States 46.95 367.01 3.94 135.37 312.60 57.18 48.11 Total Foreign 200.27 893.43 177.22 631.82 942.49 106.28 204.45 Major Exporters 4/ 20.12 153.93 7.90 83.39 112.69 51.63 17.63 Argentina 4.27 38.44 0.00 9.36 14.32 25.22 3.18 Australia 1.53 12.54 0.00 3.96 5.64 6.94 1.50 Brazil 8.24 68.65 3.97 50.47 59.82 14.03 7.01 Canada 3.33 25.62 1.55 13.81 21.25 4.61 4.64 Major Importers 5/ 49.13 246.12 123.97 271.75 353.48 15.71 50.03 European Union 6/ 18.89 152.67 14.26 117.08 157.25 13.11 15.45 Japan 1.77 0.18 17.07 13.29 17.26 0.00 1.76 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.49 32.77 32.75 55.96 64.31 0.11 15.59 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.66 27.51 15.17 33.06 41.07 0.93 4.33 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.49 17.50 166.47 238.79 0.03 112.09 FSU-12 7.92 82.55 0.54 38.26 53.43 31.33 6.25 Russia 2.82 37.43 0.13 20.32 29.72 9.00 1.66 Ukraine 3.29 33.39 0.05 8.74 12.37 21.19 3.17 2016/17 Est. World 3/ 252.56 1364.72 172.67 798.91 1352.91 198.28 264.38 United States 48.11 402.61 3.43 144.78 327.48 64.50 62.17 Total Foreign 204.45 962.11 169.24 654.14 1025.43 133.78 202.21 Major Exporters 4/ 17.63 210.60 2.80 89.74 121.99 77.62 31.42 Argentina 3.18 48.57 0.00 10.97 16.34 28.56 6.85 Australia 1.50 16.63 0.00 4.29 6.16 10.03 1.94 Brazil 7.01 101.58 1.64 53.45 64.03 31.71 14.49 Canada 4.64 25.79 0.94 13.80 21.65 4.81 4.91 Major Importers 5/ 50.03 242.33 120.78 276.22 358.43 11.04 43.67 European Union 6/ 15.45 152.59 15.83 120.07 160.69 8.07 15.11 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.69 Mexico 5.89 33.33 15.24 28.00 46.90 1.54 6.02 N. Afr & Mideast 7/ 15.59 26.21 34.14 55.38 63.20 0.16 12.59 Saudi Arabia 4.41 0.36 11.52 13.22 13.73 0.00 2.56 Southeast Asia 8/ 4.33 29.40 13.48 34.96 42.77 1.27 3.17 South Korea 1.95 0.20 9.29 7.24 9.59 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.15 0.76 40.70 55.97 36.58 6.61 Russia 1.66 40.77 0.28 22.58 32.13 8.56 2.02 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 ================================================================================ WASDE - 575 - 21 March 2018 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 ================================================================================ 2017/18 Proj. World 3/ Feb 262.65 1321.94 185.20 816.04 1354.54 192.18 230.04 Mar 264.38 1321.96 185.32 818.70 1360.32 193.56 226.02 United States Feb 62.17 384.26 3.58 145.07 329.03 58.82 62.15 Mar 62.17 384.26 3.40 145.42 330.65 62.91 56.27 Total Foreign Feb 200.48 937.68 181.63 670.97 1025.52 133.36 167.89 Mar 202.21 937.71 181.92 673.28 1029.67 130.66 169.75 Major Exporters 4/ Feb 28.91 194.90 2.33 90.22 122.47 78.81 24.86 Mar 31.42 191.30 2.53 91.42 123.67 75.81 25.77 Argentina Feb 6.80 46.45 0.01 11.22 16.88 30.11 6.27 Mar 6.85 43.45 0.01 10.72 16.38 27.61 6.32 Australia Feb 1.78 11.50 0.00 3.19 5.06 7.23 0.99 Mar 1.94 10.90 0.00 2.99 4.86 6.93 1.05 Brazil Feb 12.19 97.79 0.95 54.44 64.89 35.02 11.02 Mar 14.49 97.29 0.95 55.44 65.89 35.02 11.82 Canada Feb 4.91 26.21 1.06 15.49 23.25 4.75 4.18 Mar 4.91 26.21 1.26 15.89 23.65 4.55 4.18 Major Importers 5/ Feb 43.67 243.23 132.64 285.46 367.88 10.75 40.91 Mar 43.67 244.08 132.26 285.78 368.20 10.75 41.06 European Union 6/ Feb 15.11 150.80 16.91 119.68 160.30 8.51 14.01 Mar 15.11 151.64 16.91 120.38 161.00 8.51 14.16 Japan Feb 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mar 1.69 0.19 16.72 13.07 17.06 0.00 1.53 Mexico Feb 6.02 32.08 16.90 29.37 48.34 1.30 5.36 Mar 6.02 32.08 16.90 29.37 48.34 1.30 5.36 N. Afr & Mideast 7/ Feb 12.59 29.99 40.02 61.51 69.51 0.12 12.97 Mar 12.59 29.99 40.14 61.63 69.63 0.12 12.97 Saudi Arabia Feb 2.56 0.36 13.01 13.55 14.11 0.00 1.82 Mar 2.56 0.36 12.51 13.05 13.61 0.00 1.82 Southeast Asia 8/ Feb 3.17 29.54 14.72 36.26 43.86 0.83 2.73 Mar 3.17 29.54 14.72 36.26 43.86 0.83 2.73 South Korea Feb 1.85 0.20 9.77 7.54 10.01 0.00 1.82 Mar 1.85 0.20 9.77 7.54 10.01 0.00 1.82 China Feb 102.49 223.93 16.30 179.10 261.66 0.08 80.98 Mar 101.95 223.39 17.10 179.12 261.98 0.08 80.38 FSU-12 Feb 6.61 89.10 0.72 39.77 54.86 36.59 4.98 Mar 6.61 89.47 0.72 39.67 54.75 36.79 5.26 Russia Feb 2.02 42.00 0.11 22.77 32.32 10.06 1.75 Mar 2.02 41.71 0.11 22.57 32.12 10.06 1.67 Ukraine Feb 3.00 34.07 0.03 6.69 10.00 25.11 1.99 Mar 3.00 34.07 0.03 6.69 10.00 25.11 1.99 ================================================================================ WASDE - 575 - 22 March 2018 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 209.78 973.45 139.25 601.78 968.23 119.74 215.00 United States 43.97 345.51 1.72 129.91 298.79 48.29 44.12 Total Foreign 165.80 627.95 137.54 471.87 669.45 71.45 170.87 Major Exporters 4/ 13.19 104.71 5.67 60.70 77.77 36.48 9.32 Argentina 2.90 29.50 0.00 6.00 9.30 21.64 1.46 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.24 5.70 10.97 0.84 1.10 Major Importers 5/ 23.17 118.33 81.66 144.80 196.29 4.44 22.42 Egypt 2.36 6.00 8.72 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.75 13.79 55.50 73.50 1.95 6.72 Japan 1.35 0.00 15.20 11.60 15.20 0.00 1.35 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.65 27.46 15.15 33.00 41.00 0.93 4.33 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.10 12.38 1.74 2.21 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.16 39.87 0.38 16.62 19.33 21.49 2.59 Ukraine 1.52 23.33 0.03 5.50 6.90 16.60 1.39 2016/17 Est. World 3/ 215.00 1075.23 135.72 631.68 1058.37 159.80 231.86 United States 44.12 384.78 1.45 139.03 313.86 58.24 58.25 Total Foreign 170.87 690.45 134.27 492.65 744.52 101.56 173.60 Major Exporters 4/ 9.32 156.98 1.00 65.63 84.83 59.70 22.78 Argentina 1.46 41.00 0.00 7.50 11.20 25.50 5.76 Brazil 6.77 98.50 0.95 51.00 60.50 31.70 14.02 South Africa 1.10 17.48 0.05 7.13 13.13 2.50 3.00 Major Importers 5/ 22.42 124.53 80.61 147.96 200.71 4.99 21.86 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.45 15.24 55.00 73.70 2.17 7.54 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.33 29.35 13.46 34.90 42.70 1.27 3.17 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.21 13.19 0.85 7.10 12.70 1.52 2.04 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.59 47.27 0.35 17.30 20.08 27.15 2.97 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 ================================================================================ WASDE - 575 - 23 March 2018 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 ================================================================================ 2017/18 Proj. World 3/ Feb 229.76 1041.73 146.78 650.57 1068.41 153.89 203.09 Mar 231.86 1041.74 147.65 653.85 1074.43 155.93 199.17 United States Feb 58.25 370.96 1.27 140.98 318.66 52.07 59.75 Mar 58.25 370.96 1.27 140.98 319.93 56.52 54.04 Total Foreign Feb 171.51 670.77 145.51 509.59 749.75 101.82 143.33 Mar 173.60 670.78 146.38 512.87 754.50 99.42 145.13 Major Exporters 4/ Feb 20.48 146.50 0.51 65.80 85.20 64.20 18.08 Mar 22.78 143.50 0.51 66.80 86.20 61.70 18.88 Argentina Feb 5.76 39.00 0.01 8.00 12.00 27.50 5.27 Mar 5.76 36.00 0.01 7.50 11.50 25.00 5.27 Brazil Feb 11.72 95.00 0.40 52.00 61.50 35.00 10.62 Mar 14.02 94.50 0.40 53.00 62.50 35.00 11.42 South Africa Feb 3.00 12.50 0.10 5.80 11.70 1.70 2.20 Mar 3.00 13.00 0.10 6.30 12.20 1.70 2.20 Major Importers 5/ Feb 21.86 122.24 86.60 153.55 206.50 4.13 20.06 Mar 21.86 123.29 86.60 154.35 207.30 4.13 20.31 Egypt Feb 1.89 6.00 10.00 13.40 15.90 0.01 1.98 Mar 1.89 6.00 10.00 13.40 15.90 0.01 1.98 European Union 6/ Feb 7.54 60.09 16.20 56.20 75.00 2.00 6.83 Mar 7.54 61.14 16.20 57.00 75.80 2.00 7.08 Japan Feb 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mar 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico Feb 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Mar 5.42 26.50 16.50 24.30 42.30 1.30 4.82 Southeast Asia 7/ Feb 3.17 29.49 14.70 36.20 43.80 0.82 2.73 Mar 3.17 29.49 14.70 36.20 43.80 0.82 2.73 South Korea Feb 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Mar 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Canada Feb 2.04 14.10 1.00 8.40 14.00 1.30 1.84 Mar 2.04 14.10 1.20 8.60 14.20 1.30 1.84 China Feb 100.71 215.89 3.00 166.00 240.00 0.05 79.55 Mar 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 Feb 2.97 42.27 0.45 15.48 18.16 25.26 2.26 Mar 2.97 42.03 0.45 15.28 17.96 25.26 2.23 Ukraine Feb 1.55 24.12 0.03 3.50 4.80 20.00 0.89 Mar 1.55 24.12 0.03 3.50 4.80 20.00 0.89 ================================================================================ WASDE - 575 - 24 March 2018 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 ================================================================================ 2015/16 World 3/ 127.89 472.94 38.33 468.11 40.34 132.72 United States 1.55 6.13 0.77 3.58 3.40 1.48 Total Foreign 126.33 466.81 37.57 464.53 36.95 131.24 Major Exporters 4/ 31.64 154.59 0.61 127.97 29.40 29.48 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.31 6.80 0.01 2.80 4.20 1.12 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.50 5.09 1.56 Major Importers 5/ 11.80 63.28 12.24 76.66 0.84 9.82 Brazil 0.64 7.21 0.90 7.90 0.55 0.31 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 1.77 3.53 2.10 6.00 0.00 1.40 Philippines 2.41 11.00 1.60 12.90 0.00 2.11 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.75 12.16 0.03 10.40 1.30 1.24 C. Amer & Carib 8/ 0.44 1.48 1.90 3.29 0.04 0.50 China 69.00 145.77 4.80 140.80 0.27 78.50 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.05 2.55 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. World 3/ 132.72 486.15 41.43 481.58 46.75 137.29 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.24 479.04 40.68 477.41 43.04 135.82 Major Exporters 4/ 29.48 163.15 0.76 133.43 32.92 27.04 India 18.40 109.70 0.00 96.33 11.22 20.55 Pakistan 1.12 6.85 0.01 3.10 3.60 1.28 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 9.82 65.94 12.15 77.27 1.00 9.64 Brazil 0.31 8.38 0.70 8.10 0.65 0.64 European Union 6/ 1.18 2.07 1.83 3.65 0.32 1.12 Indonesia 3.51 36.86 0.30 37.50 0.00 3.17 Nigeria 1.40 3.65 2.50 6.20 0.00 1.35 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.80 1.96 4.07 5.78 0.00 1.05 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.68 1.80 3.39 0.03 0.55 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.15 4.30 0.10 1.47 Japan 2.55 7.78 0.69 8.50 0.06 2.46 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 ================================================================================ WASDE - 575 - 25 March 2018 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 ================================================================================ 2017/18 Proj. World 3/ Feb 137.24 484.33 46.36 480.78 46.84 140.79 Mar 137.29 486.26 46.61 480.49 47.34 143.06 United States Feb 1.46 5.66 0.79 3.81 3.18 0.93 Mar 1.46 5.66 0.79 3.81 3.18 0.93 Total Foreign Feb 135.78 478.67 45.57 476.97 43.66 139.87 Mar 135.82 480.60 45.82 476.68 44.16 142.14 Major Exporters 4/ Feb 26.94 163.55 0.65 134.45 33.20 23.49 Mar 27.04 166.05 0.65 134.45 33.70 25.59 India Feb 20.55 107.50 0.00 97.55 12.50 18.00 Mar 20.55 110.00 0.00 97.55 13.00 20.00 Pakistan Feb 1.18 7.20 0.00 3.30 3.80 1.28 Mar 1.28 7.20 0.00 3.30 3.80 1.38 Thailand Feb 4.24 20.40 0.25 11.50 10.20 3.19 Mar 4.24 20.40 0.25 11.50 10.20 3.19 Vietnam Feb 0.97 28.45 0.40 22.10 6.70 1.02 Mar 0.97 28.45 0.40 22.10 6.70 1.02 Major Importers 5/ Feb 9.60 65.92 13.00 77.67 0.93 9.91 Mar 9.64 65.92 13.00 77.67 0.91 9.97 Brazil Feb 0.64 7.82 0.70 8.03 0.60 0.54 Mar 0.64 7.82 0.70 8.03 0.60 0.54 European Union 6/ Feb 1.12 2.09 1.90 3.75 0.28 1.08 Mar 1.12 2.09 1.90 3.75 0.28 1.08 Indonesia Feb 3.15 37.00 0.80 37.40 0.02 3.53 Mar 3.17 37.00 0.80 37.40 0.00 3.56 Nigeria Feb 1.35 3.65 2.60 6.40 0.00 1.21 Mar 1.35 3.65 2.60 6.40 0.00 1.21 Philippines Feb 2.00 11.97 1.30 12.90 0.00 2.37 Mar 2.00 11.97 1.30 12.90 0.00 2.37 Sel. Mideast 7/ Feb 1.03 1.96 3.85 5.95 0.00 0.88 Mar 1.05 1.96 3.85 5.95 0.00 0.90 Burma Feb 0.60 12.95 0.01 10.00 3.30 0.26 Mar 0.55 12.95 0.01 10.00 3.30 0.21 C. Amer & Carib 8/ Feb 0.46 1.62 1.89 3.52 0.03 0.42 Mar 0.55 1.71 1.89 3.51 0.03 0.61 China Feb 86.50 146.00 5.50 142.70 1.30 94.00 Mar 86.50 145.99 5.50 142.70 1.30 93.99 Egypt Feb 1.47 4.30 0.05 4.40 0.10 1.32 Mar 1.47 4.30 0.05 4.40 0.10 1.32 Japan Feb 2.46 7.60 0.69 8.45 0.06 2.24 Mar 2.46 7.60 0.69 8.45 0.06 2.24 Mexico Feb 0.17 0.19 0.85 0.92 0.09 0.20 Mar 0.17 0.19 0.85 0.92 0.09 0.20 South Korea Feb 1.73 3.97 0.41 4.87 0.01 1.23 Mar 1.73 3.97 0.41 4.87 0.01 1.23 ================================================================================ WASDE - 575 - 26 March 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2015/16 World 111.05 96.20 35.42 112.30 35.07 -0.02 95.32 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 107.40 83.31 35.39 108.85 25.92 -0.19 91.52 Major Exporters 4/ 29.72 46.55 1.77 32.48 22.81 -0.28 23.04 Central Asia 5/ 3.01 5.97 3/ 2.63 4.26 0.00 2.09 Afr. Fr. Zone 6/ 2.15 4.20 3/ 0.13 4.87 0.00 1.34 S. Hemis 7/ 10.80 9.97 0.25 4.22 7.67 -0.29 9.42 Australia 1.82 2.85 3/ 0.04 2.83 -0.15 1.96 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 25.90 1.07 24.75 5.76 0.00 9.94 Major Importers 8/ 75.89 34.00 31.30 72.20 2.07 0.09 66.83 Mexico 0.69 0.94 0.98 1.85 0.13 0.03 0.61 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.34 1.28 0.80 0.81 1.31 0.00 0.30 Turkey 1.60 2.65 4.22 6.70 0.23 0.00 1.53 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.40 6.30 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. World 95.32 106.80 37.60 114.81 37.33 -0.12 87.70 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.52 89.63 37.59 111.56 22.41 -0.18 84.95 Major Exporters 4/ 23.04 50.75 3.63 31.97 19.17 -0.27 26.55 Central Asia 5/ 2.09 5.99 3/ 2.89 2.79 0.00 2.39 Afr. Fr. Zone 6/ 1.34 5.09 3/ 0.13 4.52 0.01 1.77 S. Hemis 7/ 9.42 12.31 0.37 4.29 7.05 -0.29 11.05 Australia 1.96 4.05 3/ 0.04 3.73 -0.15 2.39 Brazil 6.26 7.00 0.19 3.20 2.79 -0.15 7.61 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.76 1.00 1.75 0.15 0.03 0.44 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 ================================================================================ WASDE - 575 - 27 March 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2017/18 Proj. World Feb 87.66 121.37 38.23 120.50 38.22 -0.02 88.55 Mar 87.70 121.94 38.83 120.79 38.83 0.00 88.85 United States Feb 2.75 21.26 0.01 3.35 14.50 0.17 6.00 Mar 2.75 21.03 0.01 3.35 14.80 0.14 5.50 Total Foreign Feb 84.91 100.11 38.22 117.15 23.72 -0.19 82.55 Mar 84.95 100.91 38.82 117.44 24.03 -0.14 83.35 Major Exporters 4/ Feb 26.55 54.44 2.46 32.94 20.39 -0.28 30.40 Mar 26.55 54.53 2.46 32.94 20.33 -0.28 30.56 Central Asia 5/ Feb 2.39 6.32 3/ 3.20 2.75 0.00 2.76 Mar 2.39 6.20 3/ 3.20 2.68 0.00 2.71 Afr. Fr. Zone 6/ Feb 1.77 5.16 3/ 0.13 4.19 0.00 2.62 Mar 1.77 5.16 3/ 0.13 4.19 0.00 2.62 S. Hemis 7/ Feb 11.05 14.00 0.26 4.47 8.99 -0.29 12.15 Mar 11.05 14.21 0.26 4.47 8.99 -0.29 12.36 Australia Feb 2.39 4.40 3/ 0.04 4.40 -0.15 2.51 Mar 2.39 4.70 3/ 0.04 4.40 -0.15 2.81 Brazil Feb 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 Mar 7.61 8.00 0.10 3.40 4.20 -0.15 8.26 India Feb 11.13 28.50 1.70 24.50 4.20 0.00 12.63 Mar 11.13 28.50 1.70 24.50 4.20 0.00 12.63 Major Importers 8/ Feb 56.78 42.89 33.32 80.20 2.37 0.09 50.34 Mar 56.78 42.89 33.87 80.39 2.37 0.09 50.70 Mexico Feb 0.44 1.54 0.83 1.85 0.30 0.03 0.63 Mar 0.44 1.54 0.88 1.85 0.30 0.03 0.68 China Feb 48.42 27.50 5.00 40.00 0.05 0.00 40.87 Mar 48.42 27.50 5.10 40.00 0.05 0.00 40.97 European Union 9/ Feb 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Mar 0.27 1.52 0.71 0.74 1.41 0.00 0.36 Turkey Feb 1.58 4.00 3.50 7.00 0.30 0.00 1.78 Mar 1.58 4.00 3.80 7.10 0.35 0.00 1.93 Pakistan Feb 2.27 8.20 2.70 10.40 0.30 0.03 2.44 Mar 2.27 8.20 2.70 10.40 0.25 0.03 2.49 Indonesia Feb 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Mar 0.62 3/ 3.50 3.45 0.01 0.00 0.67 Thailand Feb 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Mar 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh Feb 1.66 0.13 7.25 7.20 0.00 0.01 1.82 Mar 1.66 0.13 7.40 7.30 0.00 0.01 1.87 Vietnam Feb 0.88 3/ 6.60 6.35 0.00 0.00 1.14 Mar 0.88 3/ 6.70 6.45 0.00 0.00 1.14 ================================================================================ WASDE - 575 - 28 March 2018 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2015/16 World 2/ 77.89 313.77 133.33 275.36 314.15 132.56 78.28 United States 5.19 106.86 0.64 51.34 54.47 52.86 5.35 Total Foreign 72.70 206.91 132.69 224.03 259.68 79.70 72.93 Major Exporters 3/ 50.88 164.73 1.12 86.89 94.65 71.88 50.19 Argentina 31.70 56.80 0.68 43.27 47.65 9.92 31.60 Brazil 19.08 96.50 0.41 39.75 43.05 54.38 18.56 Paraguay 0.07 9.22 0.01 3.80 3.86 5.40 0.03 Major Importers 4/ 18.85 15.48 113.50 106.83 127.77 0.32 19.73 China 17.01 11.79 83.23 81.50 95.00 0.11 16.91 European Union 0.84 2.32 15.12 14.95 16.58 0.14 1.56 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.11 0.34 4.13 4.40 4.43 0.00 0.15 2016/17 Est. World 2/ 78.28 351.32 144.28 288.50 329.77 147.46 96.65 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 72.93 234.40 143.68 236.76 274.26 88.30 88.44 Major Exporters 3/ 50.19 185.78 1.94 88.13 96.14 79.42 62.36 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.10 0.25 40.90 44.30 63.14 25.47 Paraguay 0.03 10.67 0.01 3.85 3.92 6.13 0.66 Major Importers 4/ 19.73 16.80 122.59 113.24 135.92 0.39 22.82 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.38 13.47 14.40 16.04 0.22 1.14 Japan 0.26 0.24 3.18 2.39 3.45 0.00 0.21 Mexico 0.15 0.51 4.13 4.60 4.64 0.00 0.15 2017/18 Proj. World 2/ Feb 96.14 346.92 150.24 300.10 343.20 151.95 98.14 Mar 96.65 340.86 151.27 300.86 343.78 150.60 94.40 United States Feb 8.21 119.52 0.68 53.07 56.83 57.15 14.42 Mar 8.21 119.52 0.68 53.34 57.11 56.20 15.10 Total Foreign Feb 87.93 227.40 149.56 247.03 286.37 94.80 83.71 Mar 88.44 221.34 150.59 247.52 286.67 94.40 79.30 Major Exporters 3/ Feb 61.87 177.72 1.93 89.58 98.07 85.70 57.76 Mar 62.36 171.40 2.61 89.78 97.99 85.20 53.18 Argentina Feb 36.22 54.00 1.70 43.68 48.42 8.50 35.00 Mar 36.22 47.00 2.40 43.00 47.62 6.80 31.20 Brazil Feb 24.86 112.00 0.20 42.00 45.65 69.00 22.41 Mar 25.47 113.00 0.20 43.00 46.50 70.50 21.67 Paraguay Feb 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Mar 0.66 9.20 0.01 3.70 3.78 5.80 0.29 Major Importers 4/ Feb 22.73 18.20 127.30 120.72 144.60 0.40 23.24 Mar 22.82 18.20 127.30 120.75 144.73 0.50 23.09 China Feb 20.39 14.20 97.00 95.00 110.80 0.15 20.64 Mar 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union Feb 1.06 2.50 14.00 14.50 16.15 0.20 1.21 Mar 1.14 2.50 14.00 14.50 16.15 0.30 1.19 Japan Feb 0.21 0.26 3.30 2.35 3.51 0.00 0.26 Mar 0.21 0.26 3.25 2.35 3.51 0.00 0.21 Mexico Feb 0.15 0.48 4.30 4.72 4.76 0.00 0.17 Mar 0.15 0.48 4.25 4.72 4.76 0.00 0.12 ================================================================================ WASDE - 575 - 29 March 2018 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 13.67 216.13 61.75 213.50 65.43 12.64 United States 0.24 40.53 0.37 30.04 10.84 0.24 Total Foreign 13.44 175.61 61.38 183.45 54.58 12.40 Major Exporters 3/ 8.39 68.52 0.07 23.77 46.15 7.06 Argentina 4.03 33.21 0.00 2.67 30.33 4.23 Brazil 3.81 30.75 0.03 16.47 15.41 2.71 India 0.55 4.56 0.05 4.63 0.41 0.12 Major Importers 4/ 1.99 16.42 36.47 52.47 0.51 1.91 European Union 0.66 11.81 19.21 30.84 0.30 0.53 Southeast Asia 5/ 1.28 2.89 15.54 18.17 0.21 1.33 2016/17 Est. World 2/ 12.64 226.44 60.18 222.51 64.63 12.11 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.40 185.81 59.86 192.21 54.11 11.75 Major Exporters 3/ 7.06 72.30 0.05 24.90 47.09 7.41 Argentina 4.23 33.28 0.00 2.85 31.32 3.33 Brazil 2.71 31.66 0.04 17.04 13.76 3.60 India 0.12 7.36 0.01 5.01 2.00 0.48 Major Importers 4/ 1.91 16.19 36.16 52.47 0.53 1.25 European Union 0.53 11.38 18.89 30.24 0.33 0.23 Southeast Asia 5/ 1.33 3.01 15.65 18.80 0.20 0.98 2017/18 Proj. World 2/ Feb 12.35 235.61 63.42 233.07 67.08 11.24 Mar 12.11 236.70 63.26 233.66 66.69 11.71 United States Feb 0.36 41.82 0.27 31.12 11.07 0.27 Mar 0.36 42.00 0.27 31.12 11.25 0.27 Total Foreign Feb 11.99 193.79 63.15 201.95 56.01 10.97 Mar 11.75 194.70 62.98 202.55 55.44 11.43 Major Exporters 3/ Feb 7.81 72.99 0.04 25.99 48.15 6.70 Mar 7.41 73.70 0.04 26.53 47.75 6.87 Argentina Feb 3.33 33.47 0.00 3.06 31.20 2.55 Mar 3.33 33.28 0.00 3.00 30.80 2.81 Brazil Feb 4.00 32.50 0.03 17.48 15.25 3.80 Mar 3.60 33.40 0.03 17.98 15.25 3.80 India Feb 0.48 7.02 0.01 5.45 1.70 0.36 Mar 0.48 7.02 0.01 5.55 1.70 0.26 Major Importers 4/ Feb 1.28 16.48 37.53 53.30 0.50 1.48 Mar 1.25 16.48 37.53 53.29 0.51 1.45 European Union Feb 0.20 11.46 19.20 30.34 0.30 0.21 Mar 0.23 11.46 19.20 30.34 0.30 0.24 Southeast Asia 5/ Feb 1.03 3.25 16.58 19.44 0.20 1.22 Mar 0.98 3.25 16.63 19.48 0.21 1.17 ================================================================================ WASDE - 575 - 30 March 2018 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 4.31 51.60 11.64 52.17 11.77 3.61 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.47 41.65 11.51 43.03 10.75 2.84 Major Exporters 3/ 0.95 18.90 0.39 11.41 8.16 0.67 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.63 0.07 6.29 1.55 0.24 European Union 0.20 2.84 0.33 2.29 0.92 0.16 Major Importers 4/ 1.57 15.95 6.85 22.99 0.17 1.21 China 0.78 14.61 0.59 15.35 0.10 0.52 India 0.52 1.03 4.27 5.30 0.00 0.51 North Africa 5/ 0.27 0.32 2.00 2.34 0.07 0.18 2016/17 Est. World 2/ 3.61 53.92 10.89 53.74 11.28 3.39 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.84 43.89 10.75 44.74 10.12 2.62 Major Exporters 3/ 0.67 18.98 0.35 11.77 7.46 0.77 Argentina 0.27 8.40 0.00 2.97 5.39 0.31 Brazil 0.24 7.85 0.06 6.59 1.24 0.32 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.21 17.93 5.81 23.78 0.21 0.96 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.51 1.66 3.53 5.40 0.00 0.30 North Africa 5/ 0.18 0.50 1.56 2.03 0.09 0.12 2017/18 Proj. World 2/ Feb 3.29 55.93 11.06 55.97 11.25 3.07 Mar 3.39 56.16 10.75 56.28 10.89 3.14 United States Feb 0.78 10.22 0.14 9.57 0.86 0.70 Mar 0.78 10.27 0.14 9.53 0.86 0.79 Total Foreign Feb 2.52 45.72 10.93 46.40 10.39 2.37 Mar 2.62 45.89 10.62 46.75 10.02 2.35 Major Exporters 3/ Feb 0.76 19.26 0.31 11.92 7.77 0.64 Mar 0.77 19.41 0.31 12.46 7.39 0.64 Argentina Feb 0.31 8.44 0.00 3.05 5.50 0.20 Mar 0.31 8.40 0.00 3.39 5.12 0.20 Brazil Feb 0.32 8.06 0.06 6.72 1.45 0.27 Mar 0.32 8.25 0.06 6.92 1.45 0.26 European Union Feb 0.14 2.76 0.25 2.16 0.82 0.17 Mar 0.15 2.76 0.25 2.16 0.82 0.18 Major Importers 4/ Feb 0.94 19.17 5.91 24.84 0.18 1.00 Mar 0.96 19.18 5.66 24.75 0.18 0.87 China Feb 0.54 17.02 0.50 17.40 0.10 0.56 Mar 0.54 17.02 0.48 17.40 0.10 0.54 India Feb 0.30 1.58 3.65 5.20 0.00 0.32 Mar 0.30 1.58 3.55 5.20 0.00 0.22 North Africa 5/ Feb 0.11 0.57 1.76 2.24 0.08 0.12 Mar 0.12 0.58 1.63 2.15 0.08 0.11 ================================================================================ WASDE - 575 - 31 March 2018 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 2016 Annual 25221 24941 50387 40696 5981 47226 97613 8579 212.4 2017 I 6300 6409 12764 10233 1488 11849 24613 2182 53.6 II 6404 6137 12595 10407 1482 12023 24618 2187 55.3 III 6731 6239 13023 10551 1479 12167 25190 2204 53.5 IV 6738 6796 13591 10472 1533 12139 25729 2235 53.1 Feb Est. 26173 25581 51972 41659 5979 48173 100145 8758 215.4 Mar Est. 26173 25581 51972 41662 5981 48178 100151 8808 215.5 2018 I* 6480 6590 13125 10475 1475 12075 25200 2195 54.4 II* 7225 6435 13712 10675 1465 12280 25992 2215 56.2 III* 6885 6595 13533 10800 1490 12430 25963 2240 54.2 IV* 7095 7290 14441 10650 1545 12330 26771 2285 54.2 FebProj. 27725 26885 54826 42600 5970 49118 103944 8945 218.7 MarProj. 27685 26910 54811 42600 5975 49115 103926 8935 219.0 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2016 Annual 120.86 46.16 84.3 117.1 85.7 16.30 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.73 Feb Est. 121.52 50.48 93.5 96.1 100.9 17.63 Mar Est. 121.52 50.48 93.5 96.1 100.9 17.63 2018 I* 124-127 51-52 93-94 78-79 162-165 15.55-15.75 II* 118-124 50-52 96-100 83-87 113-119 15.25-15.75 III* 110-120 47-51 84-92 86-94 113-123 15.60-16.40 IV* 112-122 40-44 83-89 96-104 120-130 16.60-17.60 FebProj. 116-123 47-49 88-94 88-94 114-121 15.70-16.40 MarProj. 116-123 47-50 89-94 86-91 127-134 15.75-16.35 ================================================================================ WASDE - 575 - 32 March 2018 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 2016 683 25288 3015 28986 2556 757 25673 55.5 2017 Est. Feb 757 26240 2994 29991 2862 651 26478 56.9 Mar 757 26240 2994 29990 2862 649 26480 56.9 2018 Proj. Feb 651 27792 3030 31473 3025 700 27748 59.2 Mar 649 27752 3040 31441 3025 700 27716 59.1 Pork 2016 590 24956 1091 26637 5239 507 20891 50.1 2017 Est. Feb 507 25597 1116 27220 5632 555 21033 50.1 Mar 507 25597 1116 27220 5632 554 21034 50.1 2018 Proj. Feb 555 26901 1000 28456 5900 660 21896 51.8 Mar 554 26926 1065 28545 5925 635 21985 52.0 TotalRed Meat5/ 2016 1320 50480 4322 56123 7801 1304 47018 106.8 2017 Est. Feb 1304 52065 4362 57731 8500 1249 47982 108.3 Mar 1304 52065 4362 57731 8500 1246 47985 108.2 2018 Proj. Feb 1249 54919 4284 60452 8933 1402 50117 112.3 Mar 1246 54904 4359 60509 8958 1377 50174 112.4 Broiler 2016 832 40261 131 41224 6644 778 33802 89.7 2017 Est. Feb 778 41213 126 42117 6780 855 34483 91.0 Mar 778 41217 126 42120 6780 856 34484 90.9 2018 Proj. Feb 855 42144 130 43129 6950 830 35349 92.6 Mar 856 42144 130 43130 6950 830 35350 92.5 Turkey 2016 201 5981 50 6232 569 279 5384 16.6 2017 Est. Feb 279 5979 24 6282 621 311 5350 16.4 Mar 279 5981 24 6284 621 310 5353 16.4 2018 Proj. Feb 311 5970 32 6313 645 300 5368 16.4 Mar 310 5975 28 6313 635 310 5368 16.4 Total Poultry6/ 2016 1041 46790 184 48015 7372 1065 39578 107.6 2017 Est. Feb 1065 47727 154 48945 7531 1170 40244 108.7 Mar 1065 47732 154 48950 7531 1170 40248 108.6 2018 Proj. Feb 1170 48662 166 49998 7740 1138 41120 110.2 Mar 1170 48659 162 49991 7730 1148 41113 110.1 RedMeat& Poultry 2016 2361 97270 4506 104137 15173 2369 86596 214.4 2017 Est. Feb 2369 99792 4515 106676 16032 2419 88225 217.0 Mar 2369 99797 4515 106682 16032 2416 88234 216.8 2018 Proj. Feb 2419 103581 4450 110450 16673 2540 91237 222.6 Mar 2416 103563 4521 110500 16688 2525 91287 222.4 ================================================================================ WASDE - 575 - 33 March 2018 U.S. Egg Supply and Use ================================================================================ 2015 2016 2017 Est. 2017 Est. 2018Proj. 2018Proj. Commodity Feb Mar Feb Mar ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.3 31.1 27.1 27.1 22.8 22.9 Production 8052.5 8578.7 8758.3 8807.8 8945.0 8935.0 Imports 123.5 121.9 32.3 32.3 40.0 32.0 Total Supply 8199.3 8731.7 8817.7 8867.2 9007.8 8989.9 Use Exports 313.6 279.0 321.1 321.1 320.0 320.0 Hatching Use 995.6 1009.6 1034.4 1034.5 1050.0 1050.0 Ending Stocks 31.1 27.1 22.8 22.9 27.0 27.0 Disappearance Total 6858.9 7416.0 7439.4 7488.7 7610.8 7592.9 Per Capita (number) 256.2 274.9 274.2 275.7 278.6 277.6 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2015 2016 2017 Est. 2017 Est. 2018Proj. 2018Proj. Commodity Feb Mar Feb Mar ================================================================================ Billion Pounds Milk Production 208.6 212.4 215.4 215.5 218.7 219.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Beg.CommercialStocks 10.5 12.3 12.7 12.7 13.5 13.5 Marketings 207.6 211.4 214.4 214.5 217.7 218.0 Imports 5.8 7.0 6.0 6.0 6.0 5.7 Total Cml. Supply 223.9 230.8 233.2 233.2 237.3 237.2 Commercial Exports 8.5 8.4 9.3 9.3 9.5 9.6 Ending Commercial Stocks 12.3 12.7 13.5 13.5 12.9 12.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 203.0 209.6 210.4 210.4 214.9 214.8 Beg.CommercialStocks 9.4 9.2 9.5 9.5 11.9 11.8 Marketings 207.6 211.4 214.4 214.5 217.7 218.0 Imports 6.0 6.5 6.1 6.1 6.0 5.9 Total Cml. Supply 223.1 227.1 230.0 230.0 235.7 235.7 Commercial Exports 37.3 39.0 40.8 40.8 42.5 42.8 Ending Commercial Stocks 9.2 9.5 11.9 11.8 11.6 11.3 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 176.6 178.5 177.3 177.5 181.6 181.6 ================================================================================ WASDE - 575 - 34 March 2018 U.S. Dairy Prices ================================================================================ Commod- 2015 2016 2017 Est. 2017 Est. 2018 Proj. 2018 Proj. ity Feb Mar Feb Mar ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6454 1.6050 1.6344 1.6344 1.530-1.600 1.545-1.605 Butter 2.0670 2.0777 2.3303 2.3303 2.195-2.295 2.210-2.300 Nonfat Dry Milk 0.9016 0.8292 0.8666 0.8666 0.715-0.775 0.700-0.750 Dry Whey 0.3804 0.2875 0.4437 0.4437 0.270-0.300 0.265-0.295 Milk Prices 2/ Dollars Per Cwt ClassIII 15.80 14.87 16.17 16.17 14.20-14.90 14.30-14.90 Class IV 14.35 13.77 15.16 15.16 13.35-14.15 13.25-13.95 All Milk 3/ 17.13 16.30 17.63 17.63 15.70-16.40 15.75-16.35 ================================================================================ WASDE - 575 - 35 March 2018 Reliability of March Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 0.6 1.0 2.4 0.0 8.0 27 9 U.S. 0.2 0.3 0.1 0.0 0.3 15 10 Foreign 0.7 1.1 2.4 0.1 8.0 27 9 Exports World 4.4 7.4 4.4 0.0 17.0 31 5 U.S. 3.2 5.4 0.8 0.0 2.4 20 15 Foreign 5.3 9.0 4.2 0.2 16.0 29 7 Domestic Use World 0.9 1.6 4.3 0.2 12.2 15 21 U.S. 3.9 6.5 0.9 0.0 2.4 14 22 Foreign 0.9 1.6 4.0 0.1 11.5 20 16 Ending Stocks World 4.2 7.1 5.2 0.2 14.1 25 11 U.S. 8.3 14.1 1.1 0.0 4.5 21 15 Foreign 4.5 7.7 4.5 0.0 13.5 24 11 COARSE GRAINS 2/ Production World 1.1 1.9 9.6 0.5 23.6 30 6 U.S. 0.2 0.3 0.1 0.0 1.3 16 7 Foreign 1.6 2.7 9.6 0.5 23.6 30 6 Exports World 5.3 9.0 5.2 0.0 24.2 26 10 U.S. 8.2 14.0 3.3 0.0 9.1 17 19 Foreign 8.3 14.1 4.5 0.1 21.5 24 12 Domestic Use World 1.0 1.7 6.9 0.1 24.2 20 16 U.S. 3.0 5.0 4.0 0.2 17.3 12 24 Foreign 1.1 1.9 6.3 0.4 24.6 24 12 Ending Stocks World 8.7 14.7 10.8 0.6 28.2 31 5 U.S. 13.6 23.1 4.7 0.1 15.3 20 16 Foreign 10.9 18.5 8.4 0.5 27.0 32 4 RICE, milled Production World 1.3 2.3 3.5 0.2 13.8 27 9 U.S. 1.3 2.2 0.0 0.0 0.2 11 6 Foreign 1.4 2.3 3.5 0.1 13.8 27 9 Exports World 8.3 14.0 1.4 0.1 5.3 29 7 U.S. 6.9 11.7 0.2 0.0 0.5 18 15 Foreign 9.2 15.7 1.4 0.1 4.9 28 8 Domestic Use World 1.2 2.0 3.3 0.2 13.9 24 12 U.S. 7.0 11.8 0.2 0.0 0.4 13 22 Foreign 1.2 2.0 3.2 0.2 13.5 24 12 Ending Stocks World 8.7 14.8 4.6 0.5 25.8 25 11 U.S. 19.3 32.7 0.2 0.0 0.4 20 15 Foreign 9.0 15.3 4.6 0.3 25.7 25 11 ================================================================================ WASDE - 575 - 36 March 2018 Reliability of March 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 2.3 3.9 3.4 0.1 12.4 20 16 U.S. 1.3 2.3 0.6 0.0 2.5 15 14 Foreign 3.8 6.5 3.4 0.1 12.6 20 16 Exports World 5.6 9.6 2.6 0.0 11.5 24 11 U.S. 6.5 11.1 1.6 0.1 6.7 26 10 Foreign 14.9 25.2 2.3 0.1 9.5 17 19 Domestic Use World 2.1 3.6 2.7 0.0 11.4 19 17 U.S. 3.0 5.1 1.1 0.0 3.0 24 11 Foreign 2.5 4.2 2.2 0.1 12.8 17 19 Ending Stocks World 13.5 22.8 3.7 0.1 13.9 18 18 U.S. 40.9 69.4 2.0 0.1 7.2 9 27 Foreign 14.4 24.4 3.1 0.1 17.1 24 12 COTTON Production World 1.8 3.1 1.3 0.0 5.2 22 12 U.S. 1.0 1.7 0.1 0.0 0.3 13 22 Foreign 2.2 3.7 1.3 0.0 5.3 22 13 Exports World 5.0 8.6 1.2 0.0 6.5 20 15 U.S. 6.6 11.3 0.5 0.0 1.7 16 19 Foreign 6.5 11.0 1.0 0.0 5.8 22 14 Domestic Use World 2.1 3.5 1.4 0.0 6.0 18 18 U.S. 3.7 6.3 0.2 0.0 0.7 19 15 Foreign 3.3 5.7 1.6 0.1 10.0 19 17 Ending Stocks World 8.6 14.6 3.0 0.2 8.5 22 14 U.S. 16.8 28.5 0.6 0.0 1.8 12 24 Foreign 9.4 16.0 2.9 0.0 7.9 24 12 ================================================================================ WASDE - 575 - 37 March 2018 Reliability of United States March 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 0.2 0.3 2 0 38 1 2 Exports 8.4 14.2 116 13 292 16 20 Domestic Use 2.9 4.9 139 9 474 13 23 Ending Stocks 15.3 26.0 182 3 713 21 15 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 13.5 23.0 25 0 90 23 11 Domestic Use 14.4 24.4 31 1 178 15 21 Ending Stocks 42.2 71.7 25 1 148 14 22 BARLEY Production 0.8 1.3 1 0 11 16 4 Exports 16.0 27.2 5 0 20 12 21 Domestic Use 5.6 9.4 14 0 70 14 20 Ending Stocks 12.6 21.3 13 1 53 24 12 OATS Production 0.3 0.6 0 0 2 4 4 Exports 35.1 59.6 1 0 3 5 6 Domestic Use 4.9 8.2 11 1 36 15 21 Ending Stocks 15.6 26.5 12 1 47 20 16 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.9 850 79 2328 27 9 Exports 8.7 14.8 548 1 2150 30 6 Domestic Use 2.5 4.3 561 41 2066 24 12 Ending Stocks 35.2 59.8 63 0 214 15 19 Million Pounds SOYBEAN OIL Production 2.8 4.8 395 7 1173 27 9 Exports 18.5 31.4 242 0 750 22 13 Domestic Use 2.4 4.1 306 9 760 23 13 Ending Stocks 17.9 30.4 252 17 721 21 15 ANIMAL PROD. 3/ Million Pounds Beef 2.6 4.5 540 77 1613 23 12 Pork 2.9 4.9 340 5 1667 22 13 Broilers 1.5 2.6 328 16 961 20 15 Turkeys 2.9 5.0 119 3 447 18 17 Million Dozen Eggs 1.7 2.9 85 3 534 21 14 Billion Pounds Milk 1.3 2.3 1.5 0.0 5.2 19 12 ================================================================================