WASDE - 664 - 8 September 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 2824.36 3617.00 515.24 2819.56 797.44 2024/25 (Est.) 2852.11 3649.55 504.21 2885.31 764.24 2025/26 (Proj.) Aug 2920.35 3682.02 518.43 2925.54 756.48 Sep 2930.20 3694.43 521.58 2933.14 761.30 Wheat 2023/24 792.34 1066.99 222.24 796.29 270.70 2024/25 (Est.) 800.86 1071.56 209.57 809.14 262.42 2025/26 (Proj.) Aug 806.90 1069.60 213.53 809.53 260.08 Sep 816.20 1078.62 214.72 814.56 264.06 Coarse Grains 5/ 2023/24 1508.29 1845.78 236.16 1498.44 347.33 2024/25 (Est.) 1510.32 1857.66 233.52 1544.22 313.44 2025/26 (Proj.) Aug 1571.99 1883.74 242.78 1574.04 309.70 Sep 1572.93 1886.36 244.72 1576.40 309.97 Rice, milled 2023/24 523.73 704.23 56.84 524.83 179.40 2024/25 (Est.) 540.93 720.33 61.12 531.95 188.38 2025/26 (Proj.) Aug 541.46 728.67 62.11 541.97 186.70 Sep 541.07 729.45 62.15 542.18 187.27 United States Total Grains 4/ 2023/24 458.90 520.30 85.72 366.49 68.09 2024/25 (Est.) 451.56 527.42 99.88 365.75 61.80 2025/26 (Proj.) Aug 498.63 566.96 105.78 379.22 81.96 Sep 500.76 569.74 108.97 379.45 81.32 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.) Aug 52.45 78.86 23.81 31.41 23.64 Sep 52.45 78.86 24.49 31.41 22.96 Coarse Grains 5/ 2023/24 402.88 442.66 63.37 331.42 47.87 2024/25 (Est.) 390.86 440.88 74.52 329.42 36.94 2025/26 (Proj.) Aug 439.56 478.30 78.89 342.52 56.90 Sep 441.68 480.93 81.49 342.77 56.67 Rice, milled 2023/24 6.92 9.29 3.15 4.88 1.27 2024/25 (Est.) 7.05 9.88 2.87 5.30 1.71 2025/26 (Proj.) Aug 6.62 9.80 3.08 5.30 1.42 Sep 6.63 9.95 2.99 5.27 1.69 ================================================================================ WASDE - 664 - 9 September 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 2365.46 3096.70 429.51 2453.08 729.35 2024/25 (Est.) 2400.55 3122.13 404.34 2519.56 702.44 2025/26 (Proj.) Aug 2421.72 3115.06 412.65 2546.32 674.52 Sep 2429.44 3124.70 412.61 2553.69 679.98 Wheat 2023/24 743.25 998.64 203.03 766.11 251.75 2024/25 (Est.) 747.21 994.90 187.10 778.11 239.27 2025/26 (Proj.) Aug 754.45 990.75 189.72 778.12 236.44 Sep 763.75 999.76 190.23 783.15 241.10 Coarse Grains 5/ 2023/24 1105.41 1403.11 172.80 1167.02 299.46 2024/25 (Est.) 1119.47 1416.78 159.00 1214.80 276.50 2025/26 (Proj.) Aug 1132.43 1405.44 163.90 1231.53 252.80 Sep 1131.25 1405.43 163.23 1233.63 253.30 Rice, milled 2023/24 516.81 694.94 53.69 519.95 178.13 2024/25 (Est.) 533.88 710.45 58.25 526.65 186.67 2025/26 (Proj.) Aug 534.84 718.87 59.03 536.67 185.28 Sep 534.44 719.50 59.16 536.91 185.58 ================================================================================ 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 44.36 114.95 73.34 2024/25 (Est.) 119.22 192.56 42.71 119.15 74.06 2025/26 (Proj.) Aug 116.62 191.67 43.59 117.99 73.91 Sep 117.68 191.74 43.70 118.83 73.14 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.) Aug 13.21 17.22 12.00 1.70 3.60 Sep 13.22 17.23 12.00 1.70 3.60 Foreign 4/ 2023/24 100.50 171.68 32.61 113.10 70.19 2024/25 (Est.) 104.80 174.99 30.81 117.45 70.06 2025/26 (Proj.) Aug 103.41 174.45 31.59 116.29 70.31 Sep 104.46 174.51 31.70 117.13 69.54 ================================================================================ WASDE - 664 - 10 September 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 2023/24 657.45 780.49 205.36 543.46 136.40 2024/25 (Est.) 682.07 818.47 212.41 562.97 143.08 2025/26 (Proj.) Aug 690.11 834.22 214.17 580.49 144.37 Sep 691.55 834.63 213.79 579.95 145.01 Oilmeals 2023/24 371.43 389.59 105.72 366.17 19.42 2024/25 (Est.) 388.74 408.15 112.33 380.51 22.34 2025/26 (Proj.) Aug 400.58 422.49 113.41 395.50 22.68 Sep 399.98 422.32 114.23 395.32 22.69 Vegetable Oils 2023/24 222.18 254.55 86.09 217.89 30.74 2024/25 (Est.) 228.89 259.63 86.58 222.50 30.14 2025/26 (Proj.) Aug 234.64 264.74 87.00 229.51 29.56 Sep 234.69 264.83 86.72 229.28 29.85 United States Oilseeds 2023/24 122.16 132.12 47.49 66.22 10.81 2024/25 (Est.) 128.35 140.40 52.09 69.97 10.40 2025/26 (Proj.) Aug 126.47 138.15 47.44 73.24 9.53 Sep 126.77 138.39 46.89 73.65 9.77 Oilmeals 2023/24 51.43 56.13 14.75 40.90 0.49 2024/25 (Est.) 54.84 60.06 16.62 42.94 0.50 2025/26 (Proj.) Aug 56.68 61.50 17.17 43.81 0.52 Sep 57.02 62.06 17.62 43.92 0.52 Vegetable Oils 2023/24 13.59 21.59 0.42 20.13 1.04 2024/25 (Est.) 14.36 21.22 1.28 18.87 1.07 2025/26 (Proj.) Aug 14.93 22.39 0.47 20.76 1.16 Sep 15.01 22.46 0.47 20.81 1.18 Foreign 3/ Oilseeds 2023/24 535.28 648.37 157.88 477.23 125.59 2024/25 (Est.) 553.72 678.07 160.32 493.00 132.68 2025/26 (Proj.) Aug 563.64 696.07 166.73 507.25 134.84 Sep 564.78 696.24 166.90 506.30 135.24 Oilmeals 2023/24 320.00 333.46 90.98 325.27 18.93 2024/25 (Est.) 333.90 348.10 95.70 337.57 21.85 2025/26 (Proj.) Aug 343.91 360.99 96.24 351.68 22.16 Sep 342.96 360.26 96.61 351.40 22.17 Vegetable Oils 2023/24 208.59 232.95 85.67 197.76 29.71 2024/25 (Est.) 214.53 238.41 85.30 203.63 29.07 2025/26 (Proj.) Aug 219.71 242.35 86.53 208.75 28.40 Sep 219.68 242.37 86.25 208.47 28.66 ================================================================================ WASDE - 664 - 11 September 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Acres Area Planted 49.6 46.1 45.4 45.4 Area Harvested 37.1 38.5 36.6 36.6 Bushels Yield per Harvested Acre 48.7 51.2 52.7 52.7 Million Bushels Beginning Stocks 570 696 851 851 Production 1804 1971 1927 1927 Imports 138 149 120 120 Supply, Total 2511 2817 2898 2898 Food 961 969 972 972 Seed 62 62 62 62 Feed and Residual 86 109 120 120 Domestic, Total 1109 1140 1154 1154 Exports 706 826 875 900 Use, Total 1815 1966 2029 2054 Ending Stocks 696 851 869 844 Avg.FarmPrice ($/bu) 2/ 6.96 5.52 5.30 5.10 ================================================================================ 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 325 240 120 190 25 900 Use, Total 781 526 349 281 118 2054 Ending Stocks, Total Sep 391 207 122 86 38 844 Aug 416 207 122 86 38 869 ================================================================================ WASDE - 664 - 12 September 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Acres FEED GRAINS Area Planted 107.5 101.5 108.5 110.0 Area Harvested 96.0 91.3 97.0 98.4 Metric Tons Yield per Harvested Acre 4.19 4.28 4.53 4.48 Million Metric Tons Beginning Stocks 37.1 47.9 36.4 36.9 Production 402.6 390.5 439.2 441.3 Imports 2.3 1.9 2.1 2.1 Supply, Total 442.0 440.3 477.7 480.4 Feed and Residual 151.6 149.8 159.2 159.2 Food, Seed & Industrial 179.2 179.1 182.8 183.0 Domestic, Total 330.8 328.8 342.0 342.2 Exports 63.4 74.5 78.9 81.5 Use, Total 394.2 403.4 420.8 423.7 Ending Stocks 47.9 36.9 56.9 56.6 Million Acres CORN Area Planted 94.6 90.6 97.3 98.7 Area Harvested 86.5 82.9 88.7 90.0 Bushels Yield per Harvested Acre 177.3 179.3 188.8 186.7 Million Bushels Beginning Stocks 1360 1763 1305 1325 Production 15341 14867 16742 16814 Imports 28 20 25 25 Supply, Total 16729 16650 18072 18165 Feed and Residual 5832 5675 6100 6100 Food,Seed& Industrial 2/ 6879 6820 6980 6980 Ethanol & by-products 3/ 5489 5435 5600 5600 Domestic, Total 12711 12495 13080 13080 Exports 2255 2830 2875 2975 Use, Total 14966 15325 15955 16055 Ending Stocks 1763 1325 2117 2110 Avg.FarmPrice ($/bu) 4/ 4.55 4.30 3.90 3.90 ================================================================================ WASDE - 664 - 13 September 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.2 6.3 6.6 6.6 AreaHarvested(mil.acres) 6.1 5.6 5.7 5.7 Yield (bushels/acre) 52.0 61.3 69.0 70.4 Beginning Stocks 24 33 52 52 Production 318 344 391 402 Imports 0 0 0 0 Supply, Total 342 377 443 454 Feed and Residual 51 145 100 100 Food, Seed & Industrial 24 85 75 85 Total Domestic 75 230 175 185 Exports 234 95 225 225 Use, Total 309 325 400 410 Ending Stocks 33 52 43 44 Avg.FarmPrice ($/bu) 2/ 4.93 4.10 3.70 3.70 BARLEY AreaPlanted (mil. acres) 3.1 2.4 2.3 2.3 AreaHarvested(mil.acres) 2.6 1.9 1.8 1.8 Yield (bushels/acre) 72.3 76.7 77.9 77.9 Beginning Stocks 66 78 70 70 Production 186 144 141 141 Imports 13 9 9 9 Supply, Total 265 231 220 220 Feed and Residual 57 38 35 35 Food, Seed & Industrial 125 115 110 110 Total Domestic 182 153 145 145 Exports 5 9 5 8 Use, Total 187 162 150 153 Ending Stocks 78 70 70 67 Avg.FarmPrice ($/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 76.2 76.2 Beginning Stocks 35 36 30 30 Production 57 68 64 64 Imports 74 71 74 74 Supply, Total 166 175 168 168 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 34 34 Avg.FarmPrice ($/bu) 2/ 3.92 3.35 3.10 3.10 ================================================================================ WASDE - 664 - 14 September 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Acres TOTAL RICE Area Planted 2.90 2.91 2.79 2.82 Area Harvested 2.85 2.87 2.73 2.76 Pounds Yield per Harvested Acre 7641 7748 7636 7559 Million Hundredweight Beginning Stocks 2/ 30.3 39.8 50.5 53.9 Production 218.0 222.1 208.5 208.8 Imports 44.4 49.3 49.7 50.7 Supply, Total 292.6 311.3 308.6 313.4 Domestic & Residual 3/ 153.7 166.9 167.0 166.0 Exports, Total 4/ 99.0 90.5 97.0 94.0 Rough 42.5 28.9 32.0 30.0 Milled (rough equiv.) 56.5 61.7 65.0 64.0 Use, Total 252.8 257.4 264.0 260.0 Ending Stocks 39.8 53.9 44.6 53.4 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 17.30 15.20 14.20 13.20 LONG GRAIN RICE Harvested Acres (mil.) 2.05 2.26 Yield (pounds/acre) 7523 7625 Beginning Stocks 21.2 19.3 39.8 37.3 Imports 37.2 42.7 43.0 44.0 Production 153.8 172.0 154.5 153.7 Supply, Total 7/ 212.2 234.1 237.3 235.1 Domestic & Residual 3/ 117.8 135.9 135.0 134.0 Exports 8/ 75.1 60.8 67.0 64.0 Use, Total 192.9 196.7 202.0 198.0 Ending Stocks 19.3 37.3 35.3 37.1 Avg.FarmPrice($/cwt) 6/ 15.90 14.00 13.00 12.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.81 0.61 Yield (pounds/acre) 7938 8200 Beginning Stocks 6.8 18.9 9.0 13.7 Imports 7.2 6.6 6.7 6.7 Production 64.1 50.1 54.0 55.0 Supply, Total 7/ 78.8 74.4 69.7 75.5 Domestic & Residual 3/ 35.9 31.0 32.0 32.0 Exports 8/ 23.9 29.7 30.0 30.0 Use, Total 59.9 60.7 62.0 62.0 Ending Stocks 18.9 13.7 7.7 13.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 21.60 19.60 18.60 17.60 California 10/ 22.30 20.00 21.00 20.00 Other States 1/ 17.20 15.20 13.50 12.50 ================================================================================ WASDE - 664 - 15 September 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Acres SOYBEANS Area Planted 83.6 87.1 80.9 81.1 Area Harvested 82.3 86.1 80.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.6 53.5 Million Bushels Beginning Stocks 264 342 330 330 Production 4162 4366 4292 4301 Imports 21 27 20 20 Supply, Total 4447 4736 4642 4651 Crushings 2285 2430 2540 2555 Exports 1700 1875 1705 1685 Seed 75 70 73 73 Residual 44 31 34 37 Use, Total 4105 4406 4352 4351 Ending Stocks 342 330 290 300 Avg.FarmPrice ($/bu) 2/ 12.40 10.00 10.10 10.00 Million Pounds SOYBEAN OIL Beginning Stocks 1607 1551 1501 1561 Production 4/ 27093 28985 29970 30150 Imports 621 375 450 375 Supply, Total 29321 30911 31921 32086 Domestic Disappearance 27153 26850 29500 29650 Biofuel 3/ 12995 12250 15500 15500 Food, Feed & other Industrial 14158 14600 14000 14150 Exports 617 2500 700 700 Use, Total 27770 29350 30200 30350 Ending stocks 1551 1561 1721 1736 Avg. Price (c/lb) 2/ 47.28 47.50 53.00 53.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 371 453 450 450 Production 4/ 54106 57912 59850 60225 Imports 687 760 650 675 Supply, Total 55164 59125 60950 61350 Domestic Disappearance 38657 40575 41775 41675 Exports 16054 18100 18700 19200 Use, Total 54711 58675 60475 60875 Ending Stocks 453 450 475 475 Avg. Price ($/s.t.) 2/ 384.11 298.00 280.00 280.00 ================================================================================ WASDE - 664 - 16 September 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1843 2131 2439 2436 Production 2/ 9313 9303 9428 9470 Beet Sugar 5172 5332 5266 5303 Cane Sugar 4141 3971 4162 4167 Florida 2079 1927 2008 2051 Louisiana 2022 2044 2154 2116 Texas 40 0 0 0 Imports 3840 3283 2457 2235 TRQ 3/ 1788 1516 1396 1393 Other Program 4/ 300 360 200 200 Non-program 1752 1406 861 642 Mexico 521 497 439 220 High-tier tariff/other 1231 910 422 422 Total Supply 14995 14716 14325 14141 Exports 249 125 100 100 Deliveries 12532 12155 12065 12065 Food 12425 12045 11960 11960 Other 5/ 106 110 105 105 Miscellaneous 83 0 0 0 Total Use 12864 12280 12165 12165 Ending Stocks 2131 2436 2160 1976 Stocks to Use Ratio 16.6 19.8 17.8 16.2 ================================================================================ 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. Aug 1418 4771 175 4459 840 1064 Sep 1418 4771 175 4459 879 1026 2025/26 Proj. Aug 1064 5094 142 4569 650 1081 Sep 1026 5094 142 4569 612 1081 ================================================================================ WASDE - 664 - 17 September 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Item Aug Sep ================================================================================ Million Acres Planted 10.23 11.18 9.28 9.30 Harvested 6.44 7.81 7.36 7.37 Pounds Yield per Harvested Acre 899 886 862 861 Million 480 Pound Bales Beginning Stocks 4.65 3.15 4.00 4.00 Production 12.07 14.41 13.21 13.22 Imports 0.00 0.00 0.01 0.01 Supply, Total 16.72 17.57 17.22 17.23 Domestic Use 1.85 1.70 1.70 1.70 Exports, Total 11.75 11.90 12.00 12.00 Use, Total 13.60 13.60 13.70 13.70 Unaccounted 2/ -0.03 -0.03 -0.08 -0.07 Ending Stocks 3.15 4.00 3.60 3.60 Avg. Farm Price 3/ 76.1 63.0 64.0 64.0 ================================================================================ WASDE - 664 - 18 September 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/ 274.65 792.34 223.24 158.46 796.29 222.24 270.70 World Less China 135.83 655.75 209.61 121.46 642.79 221.23 136.18 United States 15.50 49.10 3.75 2.33 30.18 19.21 18.95 Total Foreign 259.15 743.25 219.49 156.13 766.11 203.03 251.75 Major Exporters 4/ 47.63 325.10 13.80 72.38 179.31 165.60 41.61 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 5.71 33.41 0.56 3.83 8.96 25.44 5.28 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/ 178.76 208.72 139.44 56.25 329.44 19.75 177.72 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 0.37 0.12 5.11 0.00 4.80 0.35 0.45 Sel. Mideast 8/ 11.74 20.77 20.34 3.22 39.70 0.65 12.49 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/ 270.70 800.86 199.43 155.88 809.14 209.57 262.42 World Less China 136.18 660.76 195.26 122.88 659.14 208.56 134.64 United States 18.95 53.65 4.05 2.97 31.03 22.48 23.15 Total Foreign 251.75 747.21 195.38 152.91 778.11 187.10 239.27 Major Exporters 4/ 41.61 315.71 11.80 73.48 180.78 151.84 36.50 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 5.28 35.94 0.61 3.13 8.43 29.28 4.11 European Union 5/ 15.79 122.12 10.59 45.00 109.00 27.81 11.69 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/ 177.72 211.60 120.62 51.47 327.91 16.28 165.75 Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78 Brazil 1.69 7.89 7.00 0.70 12.20 1.90 2.48 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 31.60 1.35 46.15 2.46 10.56 Nigeria 0.45 0.13 6.30 0.00 6.00 0.38 0.49 Sel. Mideast 8/ 12.49 23.56 17.56 2.92 40.13 0.74 12.74 Southeast Asia 9/ 4.51 0.00 29.17 9.60 28.28 1.44 3.96 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 3.80 6.83 15.03 0.50 2.68 ================================================================================ WASDE - 664 - 19 September 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/ Aug 262.70 806.90 209.46 154.85 809.53 213.53 260.08 Sep 262.42 816.20 210.56 158.13 814.56 214.72 264.06 World Less China Aug 134.93 666.90 203.46 123.85 661.53 212.53 135.30 Sep 134.64 676.20 204.56 127.13 666.56 213.72 139.28 United States Aug 23.15 52.45 3.27 3.27 31.41 23.81 23.64 Sep 23.15 52.45 3.27 3.27 31.41 24.49 22.96 Total Foreign Aug 239.56 754.45 206.19 151.59 778.12 189.72 236.44 Sep 239.27 763.75 207.29 154.86 783.15 190.23 241.10 Major Exporters 4/ Aug 36.70 329.45 7.74 73.90 181.75 157.00 35.14 Sep 36.50 338.10 6.74 76.90 185.15 157.50 38.69 Argentina Aug 4.94 19.70 0.01 0.30 7.30 13.00 4.35 Sep 4.94 19.50 0.01 0.30 7.30 13.00 4.15 Australia Aug 4.25 31.00 0.23 4.60 8.10 23.00 4.38 Sep 4.25 34.50 0.23 5.10 8.70 25.00 5.28 Canada Aug 3.64 35.00 0.60 3.50 8.75 27.00 3.49 Sep 4.11 36.00 0.60 4.00 9.35 27.00 4.36 European Union 5/ Aug 12.36 138.25 6.50 47.50 112.00 32.50 12.61 Sep 11.69 140.10 5.50 48.50 113.00 32.50 11.79 Russia Aug 10.59 83.50 0.30 16.00 39.00 46.00 9.39 Sep 10.59 85.00 0.30 16.50 39.70 45.00 11.19 Ukraine Aug 0.93 22.00 0.10 2.00 6.60 15.50 0.93 Sep 0.93 23.00 0.10 2.50 7.10 15.00 1.93 Major Importers 6/ Aug 165.64 207.87 133.20 49.58 327.68 16.34 162.69 Sep 165.75 207.87 135.00 49.83 328.83 16.34 163.45 Bangladesh Aug 0.78 1.00 6.70 0.30 7.70 0.00 0.78 Sep 0.78 1.00 6.70 0.30 7.70 0.00 0.78 Brazil Aug 2.18 7.50 7.00 0.50 12.10 2.50 2.08 Sep 2.48 7.50 7.30 0.70 12.30 2.50 2.48 China Aug 127.78 140.00 6.00 31.00 148.00 1.00 124.78 Sep 127.78 140.00 6.00 31.00 148.00 1.00 124.78 Japan Aug 1.16 1.10 5.45 0.70 6.20 0.34 1.17 Sep 1.16 1.10 5.45 0.70 6.20 0.34 1.17 N. Africa 7/ Aug 10.59 17.55 32.25 1.35 46.40 2.12 11.87 Sep 10.56 17.55 32.05 1.35 46.40 2.12 11.64 Nigeria Aug 0.68 0.13 6.40 0.00 6.20 0.40 0.61 Sep 0.49 0.13 6.70 0.00 6.40 0.40 0.52 Sel. Mideast 8/ Aug 12.66 19.78 20.20 2.78 40.28 1.01 11.35 Sep 12.74 19.78 20.20 2.78 40.33 1.01 11.38 Southeast Asia 9/ Aug 4.00 0.00 30.70 10.05 29.05 1.34 4.31 Sep 3.96 0.00 31.70 10.05 29.50 1.34 4.82 India Aug 12.00 117.51 0.25 6.50 112.51 0.25 17.00 Sep 12.00 117.51 0.25 6.50 112.51 0.25 17.00 Kazakhstan Aug 4.02 15.50 0.50 3.00 8.15 8.00 3.87 Sep 4.02 16.00 0.50 3.00 8.15 8.00 4.37 United Kingdom Aug 2.81 12.50 3.20 7.20 15.50 0.60 2.41 Sep 2.68 12.50 3.20 7.20 15.50 0.60 2.28 ================================================================================ WASDE - 664 - 20 September 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/ 337.49 1508.29 242.48 924.33 1498.44 236.16 347.33 World Less China 130.73 1210.91 194.45 678.53 1159.74 236.16 133.87 United States 37.14 402.88 2.65 151.74 331.42 63.37 47.87 Total Foreign 300.35 1105.41 239.83 772.59 1167.02 172.80 299.46 Major Exporters 4/ 30.63 322.45 6.87 137.43 195.15 142.25 22.56 Argentina 3.13 59.37 0.01 12.27 18.33 40.58 3.61 Australia 3.97 14.48 0.00 5.19 7.07 9.66 1.73 Brazil 10.61 124.81 2.64 67.85 90.63 38.36 9.07 Canada 3.95 27.52 2.95 16.27 24.44 6.08 3.91 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 38.79 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 37.76 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 206.75 297.38 48.03 245.80 338.70 0.01 213.46 2024/25 Est. World 3/ 347.33 1510.32 222.59 946.14 1544.22 233.52 313.44 World Less China 133.87 1206.86 203.59 696.69 1202.47 233.49 119.29 United States 47.87 390.86 2.15 149.87 329.42 74.52 36.94 Total Foreign 299.46 1119.47 220.44 796.27 1214.80 159.00 276.50 Major Exporters 4/ 22.56 331.74 4.99 141.04 204.39 131.78 23.11 Argentina 3.61 59.10 0.01 13.69 19.90 39.20 3.62 Australia 1.73 17.34 0.00 4.89 6.76 10.93 1.38 Brazil 9.07 142.48 2.60 71.80 101.28 43.19 9.69 Canada 3.91 27.52 1.89 15.47 23.18 6.65 3.49 Russia 1.71 34.78 0.10 20.13 28.10 7.07 1.41 Ukraine 1.52 33.47 0.02 7.93 10.46 22.94 1.62 Major Importers 5/ 38.79 228.66 151.63 284.25 371.71 11.28 36.08 European Union 6/ 15.43 137.18 21.42 111.70 150.24 9.14 14.64 Japan 1.44 0.20 16.58 13.17 16.81 0.00 1.42 Mexico 6.45 28.27 26.07 31.85 54.48 0.02 6.29 N. Afr & Mideast 7/ 8.28 31.28 41.86 64.56 72.94 1.57 6.92 Saudi Arabia 1.41 0.27 8.51 8.42 8.76 0.00 1.43 Southeast Asia 8/ 3.19 31.19 21.10 40.72 52.08 0.55 2.85 South Korea 2.06 0.16 11.62 9.40 11.74 0.00 2.10 Selected Other China 213.46 303.47 19.00 249.45 341.75 0.03 194.15 ================================================================================ WASDE - 664 - 21 September 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/ Aug 311.75 1571.99 233.45 969.96 1574.04 242.78 309.70 Sep 313.44 1572.93 235.11 970.89 1576.40 244.72 309.97 World Less China Aug 116.50 1268.04 205.57 714.24 1226.02 242.76 130.68 Sep 119.29 1268.98 206.98 714.94 1228.12 244.69 132.04 United States Aug 36.43 439.56 2.31 159.28 342.52 78.89 56.90 Sep 36.94 441.68 2.31 159.28 342.77 81.49 56.67 Total Foreign Aug 275.32 1132.43 231.14 810.68 1231.53 163.90 252.80 Sep 276.50 1131.25 232.80 811.61 1233.63 163.23 253.30 Major Exporters 4/ Aug 21.17 336.47 4.97 141.37 205.93 138.82 17.85 Sep 23.11 338.03 4.90 142.20 207.59 139.27 19.17 Argentina Aug 3.72 61.62 0.01 13.34 19.63 41.80 3.92 Sep 3.62 61.62 0.01 13.19 19.48 41.80 3.97 Australia Aug 1.58 16.72 0.00 5.09 6.96 9.82 1.51 Sep 1.38 19.32 0.00 5.39 7.26 11.37 2.06 Brazil Aug 8.67 137.62 2.52 71.50 101.51 43.09 4.21 Sep 9.69 137.61 2.52 71.60 102.63 43.09 4.11 Canada Aug 2.87 27.86 2.19 16.20 24.16 5.84 2.92 Sep 3.49 28.07 2.12 16.17 24.15 5.94 3.58 Russia Aug 1.41 37.43 0.10 21.40 29.73 7.28 1.93 Sep 1.41 35.98 0.10 21.20 29.33 6.48 1.68 Ukraine Aug 1.31 38.18 0.01 6.62 9.05 29.08 1.39 Sep 1.62 38.38 0.01 7.42 9.85 28.58 1.59 Major Importers 5/ Aug 35.95 232.38 155.49 289.61 377.57 10.89 35.37 Sep 36.08 229.81 156.74 289.21 377.07 10.19 35.38 European Union 6/ Aug 14.54 139.13 23.23 114.00 152.99 9.59 14.31 Sep 14.64 136.56 24.38 113.45 152.34 8.89 14.34 Japan Aug 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Sep 1.42 0.25 17.01 13.55 17.26 0.00 1.42 Mexico Aug 6.27 29.99 26.90 33.95 56.78 0.02 6.36 Sep 6.29 29.99 27.10 34.15 56.98 0.02 6.38 N. Afr & Mideast 7/ Aug 6.90 31.17 41.53 63.71 72.29 0.72 6.59 Sep 6.92 31.17 41.53 63.76 72.34 0.72 6.56 Saudi Arabia Aug 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Sep 1.43 0.27 8.31 8.31 8.65 0.00 1.35 Southeast Asia 8/ Aug 2.86 31.31 22.28 42.18 53.03 0.57 2.85 Sep 2.85 31.31 22.18 42.08 52.93 0.57 2.85 South Korea Aug 2.10 0.16 11.61 9.39 11.78 0.00 2.10 Sep 2.10 0.16 11.61 9.39 11.78 0.00 2.10 China Aug 195.25 303.95 27.88 255.73 348.03 0.03 179.02 Sep 194.15 303.95 28.13 255.95 348.28 0.03 177.93 ================================================================================ WASDE - 664 - 22 September 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/ 305.41 1231.06 197.44 769.64 1220.93 192.57 315.53 World Less China 99.38 942.22 174.11 544.64 913.93 192.57 104.34 United States 34.55 389.67 0.72 148.13 322.87 57.28 44.79 Total Foreign 270.85 841.39 196.72 621.50 898.06 135.29 270.74 Major Exporters 4/ 18.51 232.53 2.72 93.54 128.02 112.88 12.86 Argentina 2.32 51.00 0.01 10.40 14.60 36.26 2.48 Brazil 9.88 119.00 1.72 62.50 84.00 38.26 8.33 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/ 21.04 123.68 102.79 160.35 220.90 5.01 21.59 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 206.02 288.84 23.33 225.00 307.00 0.00 211.19 2024/25 Est. World 3/ 315.53 1228.91 182.96 786.68 1260.26 193.80 284.18 World Less China 104.34 933.99 179.96 552.68 944.26 193.78 91.09 United States 44.79 377.63 0.51 144.15 317.39 71.89 33.66 Total Foreign 270.74 851.27 182.45 642.53 942.87 121.92 250.52 Major Exporters 4/ 12.86 242.30 1.78 97.20 138.60 103.20 15.14 Argentina 2.48 50.00 0.01 10.80 15.20 34.50 2.78 Brazil 8.33 135.00 1.50 65.00 93.00 43.00 8.83 Russia 0.76 14.00 0.05 9.50 10.60 3.30 0.91 South Africa 0.65 16.50 0.20 7.00 14.00 1.80 1.55 Ukraine 0.64 26.80 0.02 4.90 5.80 20.60 1.06 Major Importers 5/ 21.59 120.76 105.62 163.90 224.46 3.32 20.20 Egypt 1.43 7.00 9.00 13.30 15.80 0.00 1.63 European Union 6/ 7.31 59.31 20.00 57.60 77.60 2.75 6.28 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 31.14 20.52 40.35 51.46 0.55 2.84 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 211.19 294.92 3.00 234.00 316.00 0.02 193.09 ================================================================================ WASDE - 664 - 23 September 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/ Aug 283.11 1288.58 192.16 811.17 1289.15 200.86 282.54 Sep 284.18 1286.58 193.20 810.51 1289.36 201.71 281.40 World Less China Aug 88.93 993.58 182.16 572.17 968.15 200.84 104.38 Sep 91.09 991.58 183.20 571.51 968.36 201.69 104.33 United States Aug 33.15 425.26 0.64 154.95 332.25 73.03 53.77 Sep 33.66 427.11 0.64 154.95 332.25 75.57 53.58 Total Foreign Aug 249.96 863.32 191.53 656.23 956.90 127.83 228.77 Sep 250.52 859.47 192.56 655.56 957.11 126.14 227.81 Major Exporters 4/ Aug 13.70 247.50 1.67 99.30 141.33 111.00 10.54 Sep 15.14 246.60 1.67 99.30 142.33 110.50 10.58 Argentina Aug 2.78 53.00 0.01 11.20 15.60 37.00 3.19 Sep 2.78 53.00 0.01 11.20 15.60 37.00 3.19 Brazil Aug 7.99 131.00 1.60 65.50 94.00 43.00 3.59 Sep 8.83 131.00 1.60 65.50 95.00 43.00 3.43 Russia Aug 0.91 15.00 0.05 10.10 11.20 3.60 1.16 Sep 0.91 14.10 0.05 10.00 11.10 3.00 0.96 South Africa Aug 1.25 16.50 0.00 7.10 14.20 1.90 1.65 Sep 1.55 16.50 0.00 7.10 14.20 2.00 1.85 Ukraine Aug 0.76 32.00 0.01 5.40 6.33 25.50 0.95 Sep 1.06 32.00 0.01 5.50 6.43 25.50 1.15 Major Importers 5/ Aug 20.16 121.53 110.95 168.95 229.60 3.09 19.95 Sep 20.20 118.83 111.85 167.95 228.50 2.39 19.99 Egypt Aug 1.63 7.25 10.00 14.50 17.10 0.00 1.78 Sep 1.63 7.25 10.00 14.50 17.10 0.00 1.78 European Union 6/ Aug 6.23 58.00 22.00 57.70 77.90 2.50 5.83 Sep 6.28 55.30 23.00 56.80 76.90 1.80 5.88 Japan Aug 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Sep 1.27 0.02 15.50 12.20 15.50 0.00 1.29 Mexico Aug 5.67 24.80 25.80 29.00 50.50 0.02 5.75 Sep 5.67 24.80 25.80 29.00 50.50 0.02 5.75 Southeast Asia 7/ Aug 2.85 31.26 21.60 41.70 52.30 0.57 2.85 Sep 2.84 31.26 21.50 41.60 52.20 0.57 2.84 South Korea Aug 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Sep 2.09 0.10 11.50 9.35 11.60 0.00 2.08 Canada Aug 1.59 15.30 2.10 9.50 15.10 2.10 1.79 Sep 1.59 15.55 2.00 9.50 15.10 2.20 1.84 China Aug 194.18 295.00 10.00 239.00 321.00 0.02 178.16 Sep 193.09 295.00 10.00 239.00 321.00 0.02 177.07 ================================================================================ WASDE - 664 - 24 September 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/ 180.50 523.73 53.39 524.83 56.84 179.40 World Less China 73.90 379.11 51.86 376.72 55.20 76.40 United States 0.96 6.92 1.41 4.88 3.15 1.27 Total Foreign 179.54 516.81 51.98 519.95 53.69 178.13 Major Exporters 4/ 46.11 207.19 3.77 165.10 42.67 49.31 Burma 1.11 12.30 0.01 9.90 2.80 0.72 India 35.00 137.83 0.00 116.40 14.42 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/ 179.40 540.93 58.19 531.95 61.12 188.38 World Less China 76.40 395.66 55.85 386.00 59.97 84.88 United States 1.27 7.05 1.57 5.30 2.87 1.71 Total Foreign 178.13 533.88 56.62 526.66 58.25 186.67 Major Exporters 4/ 49.31 218.92 4.07 171.00 46.40 54.89 Burma 0.72 11.90 0.01 9.80 2.10 0.73 India 42.00 150.00 0.00 122.00 23.50 46.50 Pakistan 1.39 9.72 0.01 4.10 5.40 1.62 Thailand 2.21 20.55 0.05 12.50 7.20 3.11 Vietnam 2.99 26.75 4.00 22.60 8.20 2.94 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 8.38 0.85 7.30 1.28 1.36 C. Amer & Carib 8/ 0.58 1.52 2.03 3.37 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 0.13 1.19 ================================================================================ WASDE - 664 - 25 September 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/ Aug 187.22 541.46 58.70 541.97 62.11 186.70 Sep 188.38 541.07 58.79 542.18 62.15 187.27 World Less China Aug 83.72 395.46 56.10 395.27 61.21 82.20 Sep 84.88 395.07 56.19 395.48 61.25 82.77 United States Aug 1.60 6.62 1.58 5.30 3.08 1.42 Sep 1.71 6.63 1.61 5.27 2.99 1.69 Total Foreign Aug 185.61 534.84 57.12 536.67 59.03 185.28 Sep 186.67 534.44 57.18 536.91 59.16 185.58 Major Exporters 4/ Aug 54.09 219.50 4.17 176.15 47.20 54.40 Sep 54.89 219.20 4.17 176.35 47.50 54.40 Burma Aug 0.63 12.00 0.01 10.10 1.80 0.73 Sep 0.73 12.00 0.01 9.80 2.20 0.73 India Aug 46.00 151.00 0.00 126.50 25.00 45.50 Sep 46.50 151.00 0.00 127.00 25.00 45.50 Pakistan Aug 1.22 9.80 0.01 4.20 5.30 1.53 Sep 1.62 9.80 0.01 4.20 5.20 2.03 Thailand Aug 3.11 20.40 0.05 12.65 7.20 3.71 Sep 3.11 20.40 0.05 12.65 7.20 3.71 Vietnam Aug 3.14 26.30 4.10 22.70 7.90 2.94 Sep 2.94 26.00 4.10 22.70 7.90 2.44 Major Importers 5/ Aug 119.55 240.37 21.45 260.50 1.34 119.53 Sep 119.55 240.37 21.45 260.50 1.34 119.53 China Aug 103.50 146.00 2.60 146.70 0.90 104.50 Sep 103.50 146.00 2.60 146.70 0.90 104.50 European Union 6/ Aug 0.94 1.77 2.20 3.55 0.40 0.96 Sep 0.94 1.77 2.20 3.55 0.40 0.96 Indonesia Aug 5.47 33.60 0.80 35.30 0.00 4.57 Sep 5.47 33.60 0.80 35.30 0.00 4.57 Nigeria Aug 1.88 5.54 3.00 8.40 0.00 2.02 Sep 1.88 5.54 3.00 8.40 0.00 2.02 Philippines Aug 3.80 12.30 5.00 17.60 0.00 3.50 Sep 3.80 12.30 5.00 17.60 0.00 3.50 Sel. Mideast 7/ Aug 1.67 2.23 5.05 7.25 0.00 1.70 Sep 1.67 2.23 5.05 7.25 0.00 1.70 Brazil Aug 1.29 7.60 0.85 7.30 1.30 1.14 Sep 1.36 7.60 0.85 7.30 1.30 1.21 C. Amer & Carib 8/ Aug 0.66 1.52 2.07 3.46 0.08 0.71 Sep 0.66 1.52 2.06 3.45 0.08 0.71 Egypt Aug 0.36 3.90 0.18 4.05 0.08 0.31 Sep 0.36 3.90 0.18 4.05 0.08 0.31 Japan Aug 1.48 7.28 0.69 8.00 0.10 1.35 Sep 1.48 7.28 0.69 8.00 0.10 1.35 Mexico Aug 0.14 0.18 0.90 1.02 0.01 0.19 Sep 0.14 0.18 0.90 1.02 0.01 0.19 South Korea Aug 1.14 3.44 0.41 3.81 0.20 0.98 Sep 1.19 3.44 0.41 3.81 0.13 1.10 ================================================================================ WASDE - 664 - 26 September 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 44.36 -0.21 73.34 World Less China 42.48 85.21 29.08 76.05 44.30 -0.21 36.62 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 32.61 -0.18 70.19 Major Exporters 4/ 27.20 57.95 1.63 34.57 28.30 -0.18 24.09 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 19.27 -0.18 9.96 Australia 4.81 5.00 3/ 0.00 5.76 -0.18 4.22 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/ 41.78 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/ 0.40 1.04 0.47 0.51 1.14 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 73.34 119.22 43.14 119.15 42.71 -0.22 74.06 World Less China 36.62 87.22 37.96 80.15 42.65 -0.22 39.22 United States 3.15 14.41 3/ 1.70 11.90 -0.03 4.00 Total Foreign 70.19 104.80 43.14 117.45 30.81 -0.19 70.06 Major Exporters 4/ 24.09 58.56 4.30 34.86 26.54 -0.19 25.74 Central Asia 5/ 3.18 5.09 0.10 4.03 1.49 0.00 2.85 Afr. Fr. Zone 6/ 1.29 4.25 3/ 0.10 4.08 0.00 1.37 S. Hemis. 7/ 9.96 24.64 0.15 4.55 19.28 -0.19 11.10 Australia 4.22 5.60 3/ 0.00 5.27 -0.19 4.74 Brazil 2.83 17.00 0.01 3.50 13.02 0.00 3.31 India 9.30 24.00 3.05 25.00 1.38 0.00 9.97 Major Importers 8/ 43.86 43.32 35.99 78.03 3.03 0.00 42.11 Mexico 0.24 0.97 0.60 1.35 0.18 0.00 0.28 China 36.72 32.00 5.19 39.00 0.06 0.00 34.84 European Union 9/ 0.26 1.24 0.44 0.48 1.29 0.00 0.17 Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28 Pakistan 1.85 5.00 6.10 10.80 0.05 0.00 2.10 Indonesia 0.40 3/ 1.98 1.95 0.02 0.00 0.41 Thailand 0.09 3/ 0.51 0.50 0.00 0.00 0.11 Bangladesh 1.71 0.15 8.10 8.20 0.00 0.00 1.76 Vietnam 1.03 3/ 7.98 8.00 0.00 0.00 1.02 ================================================================================ WASDE - 664 - 27 September 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 Aug 75.05 116.62 43.58 117.99 43.59 -0.23 73.91 Sep 74.06 117.68 43.71 118.83 43.70 -0.23 73.14 World Less China Aug 39.25 85.12 38.28 80.49 43.51 -0.23 38.89 Sep 39.22 85.18 38.51 80.33 43.63 -0.23 39.18 United States Aug 4.00 13.21 0.01 1.70 12.00 -0.08 3.60 Sep 4.00 13.22 0.01 1.70 12.00 -0.07 3.60 Total Foreign Aug 71.05 103.41 43.58 116.29 31.59 -0.15 70.31 Sep 70.06 104.46 43.70 117.13 31.70 -0.16 69.54 Major Exporters 4/ Aug 25.80 58.19 4.35 34.92 28.00 -0.15 25.55 Sep 25.74 58.85 4.25 34.89 28.12 -0.16 25.99 Central Asia 5/ Aug 2.87 4.79 0.20 3.98 1.42 0.00 2.46 Sep 2.85 4.81 0.20 3.95 1.42 0.00 2.50 Afr. Fr. Zone 6/ Aug 1.35 4.69 3/ 0.11 4.68 0.00 1.25 Sep 1.37 4.43 3/ 0.11 4.39 0.00 1.29 S. Hemis. 7/ Aug 11.28 24.81 0.15 4.56 20.61 -0.15 11.21 Sep 11.10 25.21 0.15 4.56 20.71 -0.16 11.34 Australia Aug 4.93 4.10 3/ 0.00 5.00 -0.15 4.18 Sep 4.74 4.50 3/ 0.00 5.10 -0.16 4.30 Brazil Aug 3.31 18.25 0.01 3.50 14.30 0.00 3.77 Sep 3.31 18.25 0.01 3.50 14.30 0.00 3.77 India Aug 9.85 23.50 2.90 25.00 1.00 0.00 10.25 Sep 9.97 24.00 2.80 25.00 1.30 0.00 10.47 Major Importers 8/ Aug 43.02 42.34 36.12 76.60 2.44 0.00 42.43 Sep 42.11 42.72 36.32 77.45 2.44 0.00 41.25 Mexico Aug 0.24 0.80 0.60 1.35 0.10 0.00 0.19 Sep 0.28 0.58 0.70 1.30 0.10 0.00 0.16 China Aug 35.79 31.50 5.30 37.50 0.08 0.00 35.02 Sep 34.84 32.50 5.20 38.50 0.08 0.00 33.97 European Union 9/ Aug 0.17 1.28 0.47 0.51 1.19 0.00 0.22 Sep 0.17 1.28 0.47 0.51 1.19 0.00 0.22 Turkey Aug 1.30 3.60 4.60 7.10 1.00 0.00 1.40 Sep 1.28 3.20 4.70 6.90 1.00 0.00 1.28 Pakistan Aug 2.10 5.00 5.90 10.90 0.05 0.00 2.05 Sep 2.10 5.00 5.90 10.90 0.05 0.00 2.05 Indonesia Aug 0.38 3/ 2.00 2.00 0.02 0.00 0.37 Sep 0.41 3/ 2.00 2.00 0.02 0.00 0.40 Thailand Aug 0.09 3/ 0.50 0.50 0.00 0.00 0.09 Sep 0.11 3/ 0.50 0.50 0.00 0.00 0.11 Bangladesh Aug 1.76 0.15 8.10 8.10 0.00 0.00 1.92 Sep 1.76 0.15 8.10 8.10 0.00 0.00 1.92 Vietnam Aug 1.04 3/ 8.00 8.00 0.00 0.00 1.04 Sep 1.02 3/ 8.10 8.10 0.00 0.00 1.02 ================================================================================ WASDE - 664 - 28 September 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/ 101.88 396.36 178.28 331.19 383.57 177.81 115.14 World Less China 69.54 375.52 66.28 232.19 261.77 177.74 71.83 United States 7.19 113.27 0.57 62.20 65.44 46.27 9.32 Total Foreign 94.69 283.08 177.72 268.99 318.13 131.54 105.82 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/ 115.14 424.20 178.17 354.51 410.45 183.47 123.58 World Less China 71.83 403.55 71.67 251.51 283.55 183.39 80.10 United States 9.32 118.84 0.74 66.13 68.88 51.03 8.98 Total Foreign 105.82 305.36 177.43 288.38 341.57 132.44 114.60 Major Exporters 3/ 54.46 234.30 7.48 102.85 115.13 119.95 61.17 Argentina 24.05 50.90 6.80 42.60 50.40 7.30 24.05 Brazil 29.76 169.00 0.65 57.00 61.10 102.10 36.21 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/ Aug 125.19 426.39 185.86 367.71 425.10 187.44 124.90 Sep 123.58 425.87 186.21 366.63 423.89 187.78 123.99 World Less China Aug 81.71 405.39 73.86 259.71 292.10 187.34 81.52 Sep 80.10 404.87 74.21 258.63 290.89 187.68 80.61 United States Aug 8.99 116.82 0.54 69.13 72.05 46.40 7.89 Sep 8.98 117.05 0.54 69.54 72.54 45.86 8.17 Total Foreign Aug 116.20 309.58 185.32 298.58 353.05 141.03 117.01 Sep 114.60 308.82 185.67 297.09 351.35 141.92 115.82 Major Exporters 3/ Aug 62.27 237.60 7.38 104.27 116.42 128.40 62.43 Sep 61.17 237.60 7.58 103.67 115.82 128.60 61.93 Argentina Aug 25.25 48.50 7.20 43.00 50.50 5.80 24.65 Sep 24.05 48.50 7.20 42.40 49.90 6.00 23.85 Brazil Aug 36.11 175.00 0.15 58.00 62.30 112.00 36.96 Sep 36.21 175.00 0.35 58.00 62.30 112.00 37.26 Paraguay Aug 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Sep 0.43 11.00 0.02 3.10 3.30 7.70 0.45 Major Importers 4/ Aug 47.31 24.86 147.10 138.56 171.56 0.43 47.28 Sep 47.31 24.69 147.20 138.56 171.56 0.43 47.20 China Aug 43.48 21.00 112.00 108.00 133.00 0.10 43.38 Sep 43.48 21.00 112.00 108.00 133.00 0.10 43.38 European Union Aug 1.88 2.93 14.20 15.30 16.82 0.30 1.89 Sep 1.88 2.77 14.30 15.30 16.82 0.30 1.83 Southeast Asia 5/ Aug 1.20 0.42 10.90 5.91 11.31 0.02 1.20 Sep 1.20 0.42 10.90 5.91 11.31 0.02 1.20 Mexico Aug 0.54 0.27 6.70 6.80 6.89 0.01 0.62 Sep 0.54 0.25 6.70 6.80 6.89 0.01 0.60 ================================================================================ WASDE - 664 - 29 September 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/ 14.05 260.00 69.88 254.96 74.15 14.83 World Less China 13.12 181.59 69.85 177.81 72.71 14.03 United States 0.34 49.08 0.62 35.07 14.56 0.41 Total Foreign 13.72 210.91 69.26 219.89 59.58 14.41 Major Exporters 3/ 6.31 79.43 0.05 30.58 49.58 5.64 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 3.82 41.86 0.02 20.00 22.72 2.97 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/ 14.83 278.63 77.31 271.48 81.40 17.88 World Less China 14.03 197.05 77.26 191.03 80.40 16.91 United States 0.41 52.54 0.69 36.81 16.42 0.41 Total Foreign 14.41 226.09 76.62 234.67 64.98 17.47 Major Exporters 3/ 5.64 85.92 0.26 31.08 54.25 6.49 Argentina 2.44 33.23 0.21 3.50 29.20 3.18 Brazil 2.97 43.89 0.01 20.50 23.25 3.12 India 0.22 8.80 0.05 7.08 1.80 0.20 Major Importers 4/ 2.30 22.99 43.76 64.77 1.06 3.21 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 19.93 23.20 0.36 1.50 China 0.79 81.58 0.05 80.45 1.00 0.97 2025/26 Proj. World 2/ Aug 17.33 288.58 78.55 284.35 82.04 18.07 Sep 17.88 287.74 78.58 283.88 82.17 18.15 World Less China Aug 16.36 203.04 78.50 200.20 80.84 16.86 Sep 16.91 202.20 78.53 199.73 80.97 16.95 United States Aug 0.41 54.30 0.59 37.90 16.96 0.43 Sep 0.41 54.64 0.61 37.81 17.42 0.43 Total Foreign Aug 16.93 234.28 77.96 246.45 65.08 17.64 Sep 17.47 233.10 77.97 246.07 64.75 17.72 Major Exporters 3/ Aug 5.89 87.24 0.07 32.59 54.70 5.91 Sep 6.49 86.05 0.07 32.45 54.20 5.96 Argentina Aug 2.81 33.54 0.01 3.60 30.10 2.66 Sep 3.18 33.07 0.01 3.60 30.10 2.56 Brazil Aug 2.89 44.78 0.01 21.50 23.20 2.97 Sep 3.12 44.78 0.01 21.50 23.20 3.20 India Aug 0.20 8.92 0.05 7.49 1.40 0.28 Sep 0.20 8.20 0.05 7.35 0.90 0.20 Major Importers 4/ Aug 3.28 23.98 42.15 65.13 0.88 3.40 Sep 3.21 23.98 42.50 65.53 0.88 3.28 European Union Aug 1.28 12.09 17.10 28.84 0.60 1.02 Sep 1.28 12.09 17.55 29.24 0.60 1.07 Mexico Aug 0.28 5.37 2.55 7.88 0.00 0.33 Sep 0.28 5.37 2.55 7.88 0.00 0.33 Southeast Asia 5/ Aug 1.57 4.60 20.70 24.70 0.28 1.90 Sep 1.50 4.60 20.60 24.70 0.28 1.73 China Aug 0.97 85.54 0.05 84.15 1.20 1.21 Sep 0.97 85.54 0.05 84.15 1.20 1.21 ================================================================================ WASDE - 664 - 30 September 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/ 5.84 64.00 10.56 62.89 11.81 5.71 World Less China 4.83 45.19 10.18 43.99 11.71 4.51 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 5.11 51.71 10.28 50.57 11.53 5.00 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 2.25 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/ 5.71 68.69 13.33 67.07 14.67 5.99 World Less China 4.51 49.12 13.08 47.07 14.42 5.23 United States 0.70 13.15 0.17 12.18 1.13 0.71 Total Foreign 5.00 55.54 13.16 54.89 13.53 5.29 Major Exporters 3/ 1.55 23.56 0.80 14.82 9.73 1.36 Argentina 0.67 8.50 0.08 1.98 6.75 0.51 Brazil 0.18 11.62 0.08 10.11 1.53 0.24 European Union 0.62 2.85 0.65 2.66 0.90 0.57 Major Importers 4/ 2.25 23.10 7.39 30.00 0.36 2.37 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 1.21 1.24 2.28 0.09 0.35 2025/26 Proj. World 2/ Aug 6.18 71.02 12.03 70.06 13.21 5.96 Sep 5.99 70.87 11.94 69.86 13.10 5.84 World Less China Aug 5.41 50.50 11.63 49.26 13.11 5.17 Sep 5.23 50.35 11.69 49.21 13.00 5.06 United States Aug 0.68 13.59 0.20 13.38 0.32 0.78 Sep 0.71 13.68 0.17 13.45 0.32 0.79 Total Foreign Aug 5.50 57.42 11.83 56.68 12.90 5.18 Sep 5.29 57.19 11.77 56.41 12.78 5.06 Major Exporters 3/ Aug 1.61 23.86 0.70 15.22 9.24 1.71 Sep 1.36 23.78 0.70 15.22 9.09 1.53 Argentina Aug 0.70 8.58 0.01 1.98 6.60 0.71 Sep 0.51 8.46 0.01 1.98 6.45 0.55 Brazil Aug 0.30 11.79 0.04 10.45 1.30 0.37 Sep 0.24 11.83 0.04 10.45 1.30 0.35 European Union Aug 0.57 2.91 0.65 2.71 0.85 0.57 Sep 0.57 2.91 0.65 2.71 0.85 0.57 Major Importers 4/ Aug 2.41 24.22 6.52 31.00 0.25 1.90 Sep 2.37 24.07 6.32 30.62 0.25 1.89 China Aug 0.77 20.52 0.40 20.80 0.10 0.79 Sep 0.77 20.52 0.25 20.65 0.10 0.79 India Aug 1.19 2.01 4.10 6.55 0.02 0.74 Sep 1.19 1.85 4.10 6.42 0.02 0.70 North Africa 5/ Aug 0.36 1.26 1.27 2.46 0.13 0.30 Sep 0.35 1.31 1.27 2.48 0.13 0.33 ================================================================================ WASDE - 664 - 31 September 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 11885 1181 13192 26393 2107 58.7 III* 6345 6620 13005 12300 1250 13675 26680 2200 57.6 IV* 6485 7285 13811 12175 1260 13560 27371 2250 56.9 AugProj. 25926 27747 53837 47762 4791 53046 106883 8587 229.2 SepProj. 25826 27567 53556 47925 4837 53256 106812 8671 230.0 2026 I* 6335 7045 13419 11800 1210 13140 26559 2250 57.9 II* 6335 6840 13214 11950 1230 13315 26529 2325 59.0 AugProj. 25470 28380 54008 48150 5120 53815 107823 9175 230.4 SepProj. 25490 28380 54028 48300 5040 53875 107903 9250 231.3 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 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* 240.00 77.00 123.0 157.0 295.0 20.60 IV* 244.00 69.00 125.0 155.0 300.0 20.40 AugProj. 227.06 69.32 131.2 127.3 412.4 22.00 SepProj. 228.56 69.82 128.7 131.5 403.7 21.35 2026 I* 247.00 65.00 130.0 125.0 230.0 20.40 II* 248.00 70.00 134.0 130.0 200.0 20.00 AugProj. 244 66 135 131 216 21.90 SepProj. 249 66 131 131 211 20.40 ================================================================================ WASDE - 664 - 32 September 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. Aug 602 25992 5274 31869 2682 580 28607 58.5 Sep 602 25892 5364 31859 2642 590 28627 58.5 2026 Proj. Aug 580 25537 4950 31067 2545 570 27952 56.9 Sep 590 25557 4950 31097 2525 570 28002 57.0 Pork 2024 471 27804 1148 29422 7125 435 21862 49.9 2025 Proj. Aug 435 27762 1106 29303 6982 410 21911 49.7 Sep 435 27582 1106 29123 6982 400 21741 49.3 2026 Proj. Aug 410 28394 1140 29944 7000 410 22534 50.9 Sep 400 28394 1140 29934 7000 400 22534 50.9 TotalRed Meat5/ 2024 1130 55038 6148 62316 10137 1058 51121 110.4 2025 Proj. Aug 1058 53928 6711 61697 9670 1011 51017 109.5 Sep 1058 53647 6801 61507 9631 1012 50865 109.1 2026 Proj. Aug 1011 54099 6435 61545 9550 1001 50994 109.1 Sep 1012 54119 6435 61565 9532 992 51042 109.2 Broiler 2024 835 46491 150 47475 6680 761 40034 101.1 2025 Proj. Aug 761 47251 150 48163 6481 765 40916 102.7 Sep 761 47412 160 48333 6506 765 41062 103.0 2026 Proj. Aug 765 47635 140 48540 6610 780 41150 102.8 Sep 765 47783 140 48688 6610 780 41298 103.2 Turkey 2024 243 5121 37 5401 486 219 4697 13.8 2025 Proj. Aug 219 4791 35 5045 412 190 4443 13.0 Sep 219 4837 36 5092 417 190 4485 13.1 2026 Proj. Aug 190 5120 28 5338 435 210 4693 13.6 Sep 190 5040 28 5258 435 200 4623 13.4 Total Poultry6/ 2024 1085 52174 190 53449 7187 985 45277 116.5 2025 Proj. Aug 985 52534 187 53706 6934 960 45812 117.0 Sep 985 52743 199 53926 6967 960 45999 117.5 2026 Proj. Aug 960 53299 170 54429 7085 996 46348 117.9 Sep 960 53358 170 54488 7089 986 46413 118.1 RedMeat& Poultry 2024 2215 107212 6338 115765 17324 2043 96398 226.9 2025 Proj. Aug 2043 106462 6898 115403 16604 1971 96829 226.4 Sep 2043 106390 7000 115433 16598 1972 96864 226.6 2026 Proj. Aug 1971 107398 6605 115974 16635 1997 97342 227.0 Sep 1972 107476 6605 116053 16621 1978 97454 227.2 ================================================================================ WASDE - 664 - 33 September 2025 U.S. Egg Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Aug Sep Aug Sep ================================================================================ Million Dozen Eggs Supply BeginningStocks 18.8 23.1 14.2 14.2 16.0 16.0 Production 9150.3 9016.6 8587.4 8671.0 9175.0 9250.0 Imports 27.5 30.1 129.1 139.1 70.0 70.0 Total Supply 9196.5 9069.8 8730.7 8824.3 9261.0 9336.0 Use Exports 250.5 236.7 187.1 197.1 220.0 235.0 Hatching Use 1120.4 1148.2 1161.1 1165.8 1160.0 1160.0 Ending Stocks 23.1 14.2 16.0 16.0 21.0 21.0 Disappearance Total 7802.5 7670.7 7366.6 7445.4 7860.0 7920.0 Per Capita (number) 277.7 270.6 258.2 261.0 274.3 276.4 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2023 2024 2025Proj. 2025Proj. 2026Proj. 2026Proj. Commodity Aug Sep Aug Sep ================================================================================ Billion Pounds Milk Production 226.3 225.9 229.2 230.0 230.4 231.3 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 12.7 Marketings 225.3 224.9 228.2 229.0 229.4 230.3 Imports 7.4 9.1 8.3 8.1 8.9 8.3 Total Supply 247.1 247.8 249.6 250.1 250.4 251.4 FatBasisUse Exports 10.5 11.8 14.6 15.6 12.8 13.9 Ending Stocks 13.8 13.1 12.1 12.7 12.0 12.9 Domestic Use 222.8 222.8 222.9 221.8 225.6 224.6 Skim-solidBasisSupply BeginningStocks 11.7 9.8 9.4 9.4 11.1 10.0 Marketings 225.3 224.9 228.2 229.0 229.4 230.3 Imports 6.3 6.8 7.0 6.9 7.2 7.1 Total Supply 243.3 241.5 244.6 245.3 247.7 247.4 Skim-solidBasisUse Exports 49.9 48.9 47.7 48.0 48.9 48.9 Ending Stocks 9.8 9.4 11.1 10.0 11.8 9.6 Domestic Use 183.6 183.2 185.8 187.3 187.1 188.9 ================================================================================ WASDE - 664 - 34 September 2025 U.S. Dairy Prices ================================================================================ Commod- 2023 2024 2025 Proj. 2025 Proj. 2026 Proj. 2026 Proj. ity Aug Sep Aug Sep ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.7593 1.8634 1.840 1.815 1.810 1.775 Butter 2.6170 2.8870 2.520 2.360 2.550 2.245 Nonfat Dry Milk 1.1856 1.2420 1.275 1.255 1.255 1.220 Dry Whey 0.3618 0.4913 0.575 0.575 0.515 0.510 Milk Prices 2/ Dollars Per Cwt ClassIII 17.02 18.89 18.50 18.20 17.85 17.40 Class IV 19.12 20.75 18.95 18.15 18.85 17.25 All Milk 3/ 20.34 22.55 22.00 21.35 21.90 20.40 ================================================================================ WASDE - 664 - 35 September 2025 Reliability of September 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 1.8 3.1 8.1 0.9 30.7 29 15 U.S. 2.3 3.9 0.9 0.0 3.6 17 27 Foreign 2.1 3.5 8.2 0.2 30.9 32 12 Exports World 5.8 9.7 6.8 0.3 22.0 34 10 U.S. 9.8 16.6 2.4 0.0 10.0 20 24 Foreign 7.1 12.0 6.5 0.2 21.4 33 11 Domestic Use World 1.7 2.8 7.4 0.2 33.8 26 18 U.S. 7.0 11.8 1.8 0.0 5.5 15 29 Foreign 1.7 2.9 7.4 0.1 33.6 30 14 Ending Stocks World 7.8 13.1 9.9 0.3 30.5 33 11 U.S. 13.8 23.2 2.6 0.5 12.4 26 18 Foreign 8.5 14.3 8.7 0.5 28.3 33 11 COARSE GRAINS 2/ Production World 2.1 3.5 17.0 0.2 50.6 33 11 U.S. 4.0 6.8 7.7 0.2 26.0 27 17 Foreign 2.4 4.1 15.2 1.0 59.9 31 13 Exports World 6.7 11.2 6.6 0.1 25.2 31 13 U.S. 19.8 33.4 7.5 0.4 19.1 19 25 Foreign 12.9 21.8 7.8 0.7 20.9 29 15 Domestic Use World 1.5 2.6 12.3 0.4 39.0 25 19 U.S. 3.5 5.9 6.0 0.1 15.8 28 16 Foreign 1.8 3.0 11.2 0.4 37.8 28 16 Ending Stocks World 13.5 22.8 18.8 1.7 170.3 31 13 U.S. 29.2 49.2 9.1 0.1 35.8 19 25 Foreign 15.5 26.1 14.6 0.7 155.3 35 9 RICE, milled Production World 2.2 3.7 6.3 0.4 24.1 35 9 U.S. 4.1 7.0 0.2 0.0 0.5 24 19 Foreign 2.2 3.8 6.3 0.3 24.4 35 9 Exports World 9.1 15.3 2.0 0.1 7.6 32 12 U.S. 11.5 19.3 0.2 0.0 0.9 20 22 Foreign 10.2 17.1 2.0 0.1 7.9 32 12 Domestic Use World 1.7 2.9 4.2 0.4 22.7 35 9 U.S. 6.7 11.2 0.2 0.0 0.5 22 21 Foreign 1.8 3.0 4.2 0.2 23.1 35 9 Ending Stocks World 11.7 19.7 6.4 0.2 26.9 37 7 U.S. 21.9 37.0 0.2 0.0 0.9 23 21 Foreign 12.7 21.4 6.4 0.2 26.7 37 7 ================================================================================ WASDE - 664 - 36 September 2025 Reliability of September 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 4.6 7.7 7.9 0.4 31.7 23 21 U.S. 4.9 8.2 3.0 0.2 10.4 23 21 Foreign 7.4 12.5 7.2 0.7 33.3 19 25 Exports World 7.2 12.2 4.1 0.1 19.9 29 15 U.S. 11.7 19.8 2.9 0.1 9.8 26 18 Foreign 17.1 28.7 3.8 0.0 21.8 20 24 Domestic Use World 3.2 5.5 5.0 0.0 15.3 26 18 U.S. 4.2 7.1 1.5 0.1 4.5 26 18 Foreign 4.0 6.7 4.9 0.0 16.0 26 18 Ending Stocks World 16.8 28.2 5.4 0.2 24.8 23 21 U.S. 47.1 79.4 2.4 0.1 8.2 15 29 Foreign 18.7 31.4 4.9 0.0 24.7 25 18 COTTON Production World 4.5 7.6 3.1 0.1 12.6 25 19 U.S. 6.6 11.2 0.9 0.0 2.5 20 23 Foreign 5.0 8.5 2.7 0.0 11.3 27 17 Exports World 9.5 16.1 2.5 0.0 10.1 25 19 U.S. 19.5 32.9 1.1 0.1 3.4 24 20 Foreign 12.6 21.1 2.0 0.1 8.8 23 21 Domestic Use World 4.9 8.3 3.6 0.1 19.3 17 27 U.S. 10.3 17.3 0.4 0.0 1.3 18 24 Foreign 5.0 8.4 3.5 0.0 18.5 18 25 Ending Stocks World 14.0 23.6 5.9 0.2 16.8 28 16 U.S. 38.6 65.0 1.3 0.0 5.1 18 24 Foreign 14.4 24.2 5.4 0.2 16.8 28 16 ================================================================================ WASDE - 664 - 37 September 2025 Reliability of United States September 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 4.2 7.1 293 15 885 27 17 Exports 20.5 34.5 276 25 725 19 25 Domestic Use 3.8 6.4 238 0 575 27 16 Ending Stocks 32.5 54.7 343 2 1386 19 25 SORGHUM Production 8.5 14.3 25 0 81 18 25 Exports 39.0 65.6 44 0 150 21 22 Domestic Use 27.1 45.6 40 0 145 22 20 Ending Stocks 48.1 81.1 30 1 155 15 29 BARLEY Production 5.1 8.6 11 1 36 18 26 Exports 73.1 123.1 12 0 82 19 20 Domestic Use 10.1 17.0 22 0 72 16 26 Ending Stocks 17.7 29.8 17 0 70 22 21 OATS Production 9.5 16.0 10 0 44 8 33 Exports 91.1 153.4 1 0 8 12 14 Domestic Use 6.4 10.7 13 0 39 12 31 Ending Stocks 22.5 37.9 13 0 47 22 21 Thousand Short Tons SOYBEAN MEAL Production 4.1 6.9 1206 29 4200 30 14 Exports 13.6 22.8 851 34 4100 26 18 Domestic Use 3.5 5.9 773 26 3200 26 18 Ending Stocks 37.7 63.4 52 0 368 15 16 Million Pounds SOYBEAN OIL Production 4.3 7.3 577 26 2635 29 15 Exports 52.2 87.9 498 0 1950 24 19 Domestic Use 4.1 7.0 525 86 2150 27 17 Ending Stocks 29.3 49.3 417 55 1357 24 20 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.7 806 32 2486 31 12 Pork 2.9 4.9 424 5 1356 23 20 Broilers 2.0 3.4 499 23 1379 26 17 Turkeys 4.2 7.1 164 2 535 21 22 Million Dozen Eggs 2.5 4.3 143 4 858 25 18 Billion Pounds Milk 1.6 2.7 2.1 0.1 7.2 23 20 ================================================================================