WASDE - 658 - 8 March 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/ 2022/23 2762.03 3563.61 497.18 2770.16 793.45 2023/24 (Est.) 2818.05 3611.51 515.41 2817.84 793.67 2024/25 (Proj.) Feb 2818.97 3612.41 493.17 2856.08 756.33 Mar 2825.63 3619.30 489.10 2860.91 758.40 Wheat 2022/23 789.89 1065.48 221.75 789.33 276.14 2023/24 (Est.) 791.21 1067.35 221.21 797.85 269.50 2024/25 (Proj.) Feb 793.79 1061.28 208.99 803.72 257.56 Mar 797.23 1066.73 208.07 806.65 260.08 Coarse Grains 5/ 2022/23 1455.44 1797.24 220.35 1460.64 336.60 2023/24 (Est.) 1504.54 1841.13 237.33 1496.52 344.61 2024/25 (Proj.) Feb 1492.52 1838.98 225.85 1521.84 317.14 Mar 1495.74 1840.35 222.64 1523.55 316.80 Rice, milled 2022/23 516.70 700.90 55.09 520.18 180.71 2023/24 (Est.) 522.31 703.02 56.87 523.46 179.56 2024/25 (Proj.) Feb 532.67 712.15 58.32 530.52 181.63 Mar 532.66 712.22 58.39 530.71 181.51 United States Total Grains 4/ 2022/23 406.43 471.34 67.85 349.89 53.60 2023/24 (Est.) 458.90 520.32 86.80 365.43 68.09 2024/25 (Proj.) Feb 451.56 527.02 92.94 369.18 64.90 Mar 451.56 527.19 90.79 370.34 66.07 Wheat 2022/23 44.90 66.56 20.73 30.33 15.50 2023/24 (Est.) 49.10 68.36 19.24 30.16 18.95 2024/25 (Proj.) Feb 53.65 76.14 23.13 31.39 21.62 Mar 53.65 76.41 22.73 31.39 22.30 Coarse Grains 5/ 2022/23 356.45 397.17 45.06 314.97 37.14 2023/24 (Est.) 402.88 442.67 64.45 330.35 47.87 2024/25 (Proj.) Feb 390.86 441.07 66.76 332.52 41.79 Mar 390.86 440.94 64.98 333.68 42.28 Rice, milled 2022/23 5.08 7.61 2.05 4.60 0.96 2023/24 (Est.) 6.92 9.30 3.12 4.92 1.27 2024/25 (Proj.) Feb 7.05 9.81 3.05 5.27 1.49 Mar 7.05 9.84 3.08 5.27 1.49 ================================================================================ WASDE - 658 - 9 March 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/ 2022/23 2355.60 3092.27 429.33 2420.26 739.86 2023/24 (Est.) 2359.15 3091.18 428.60 2452.41 725.58 2024/25 (Proj.) Feb 2367.41 3085.39 400.23 2486.90 691.43 Mar 2374.07 3092.11 398.32 2490.57 692.33 Wheat 2022/23 744.99 998.92 201.02 759.00 260.64 2023/24 (Est.) 742.11 998.99 201.97 767.69 250.55 2024/25 (Proj.) Feb 740.14 985.14 185.86 772.33 235.95 Mar 743.58 990.31 185.35 775.25 237.79 Coarse Grains 5/ 2022/23 1098.99 1400.07 175.28 1145.68 299.46 2023/24 (Est.) 1101.66 1398.47 172.88 1166.18 296.74 2024/25 (Proj.) Feb 1101.66 1397.91 159.09 1189.32 275.35 Mar 1104.89 1399.42 157.66 1189.87 274.53 Rice, milled 2022/23 511.61 693.29 53.04 515.59 179.75 2023/24 (Est.) 515.39 693.72 53.76 518.54 178.29 2024/25 (Proj.) Feb 525.61 702.34 55.27 525.25 180.13 Mar 525.61 702.38 55.31 525.44 180.02 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2022/23 116.30 187.19 36.65 112.64 75.90 2023/24 (Est.) 112.98 188.88 44.61 114.78 73.71 2024/25 (Proj.) Feb 120.46 194.18 42.51 115.95 78.41 Mar 120.96 194.68 42.71 116.54 78.33 United States 2022/23 14.47 19.07 12.45 2.05 4.65 2023/24 (Est.) 12.07 16.72 11.75 1.85 3.15 2024/25 (Proj.) Feb 14.41 17.57 11.00 1.70 4.90 Mar 14.41 17.57 11.00 1.70 4.90 Foreign 4/ 2022/23 101.83 168.12 24.20 110.59 71.25 2023/24 (Est.) 100.92 172.16 32.86 112.93 70.56 2024/25 (Proj.) Feb 106.05 176.61 31.51 114.25 73.51 Mar 106.55 177.11 31.71 114.84 73.43 ================================================================================ WASDE - 658 - 10 March 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 2022/23 638.35 753.15 201.65 525.64 122.35 2023/24 (Est.) 657.09 779.44 205.26 545.63 132.95 2024/25 (Proj.) Feb 677.70 810.17 207.32 561.25 140.05 Mar 679.37 812.32 207.74 563.07 139.15 Oilmeals 2022/23 357.75 377.96 97.65 355.99 17.38 2023/24 (Est.) 372.54 389.91 106.19 366.27 18.85 2024/25 (Proj.) Feb 385.73 404.65 108.14 379.42 21.08 Mar 387.43 406.28 109.69 379.88 21.96 Vegetable Oils 2022/23 218.25 248.41 88.92 211.35 31.91 2023/24 (Est.) 222.69 254.60 86.03 218.14 31.69 2024/25 (Proj.) Feb 227.36 258.19 86.18 224.69 28.35 Mar 228.98 260.67 85.90 225.99 29.33 United States Oilseeds 2022/23 125.75 136.42 54.78 64.16 8.85 2023/24 (Est.) 122.16 132.12 47.35 66.22 10.81 2024/25 (Proj.) Feb 128.48 140.41 50.80 69.72 11.74 Mar 128.48 140.39 50.77 69.68 11.75 Oilmeals 2022/23 49.93 54.59 13.39 40.78 0.41 2023/24 (Est.) 51.43 56.13 14.80 40.85 0.49 2024/25 (Proj.) Feb 54.10 58.94 15.98 42.46 0.50 Mar 54.08 58.92 15.98 42.44 0.50 Vegetable Oils 2022/23 13.18 20.74 0.34 19.27 1.14 2023/24 (Est.) 13.59 21.59 0.42 20.13 1.04 2024/25 (Proj.) Feb 14.31 22.58 0.86 20.67 1.06 Mar 14.30 22.35 0.94 20.36 1.06 Foreign 3/ Oilseeds 2022/23 512.60 616.73 146.87 461.48 113.50 2023/24 (Est.) 534.93 647.32 157.91 479.40 122.14 2024/25 (Proj.) Feb 549.22 669.76 156.52 491.53 128.30 Mar 550.89 671.94 156.97 493.40 127.40 Oilmeals 2022/23 307.83 323.37 84.26 315.21 16.96 2023/24 (Est.) 321.11 333.78 91.40 325.42 18.37 2024/25 (Proj.) Feb 331.63 345.71 92.16 336.96 20.58 Mar 333.35 347.37 93.71 337.44 21.46 Vegetable Oils 2022/23 205.07 227.67 88.59 192.08 30.78 2023/24 (Est.) 209.10 233.01 85.61 198.01 30.65 2024/25 (Proj.) Feb 213.05 235.61 85.32 204.03 27.29 Mar 214.68 238.31 84.97 205.63 28.27 ================================================================================ WASDE - 658 - 11 March 2025 U.S. Wheat Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Acres Area Planted 45.8 49.6 46.1 46.1 Area Harvested 35.5 37.1 38.5 38.5 Bushels Yield per Harvested Acre 46.5 48.7 51.2 51.2 Million Bushels Beginning Stocks 674 570 696 696 Production 1650 1804 1971 1971 Imports 122 138 130 140 Supply, Total 2446 2512 2798 2808 Food 972 961 970 970 Seed 68 62 64 64 Feed and Residual 74 85 120 120 Domestic, Total 1114 1108 1154 1154 Exports 762 707 850 835 Use, Total 1876 1815 2004 1989 Ending Stocks 570 696 794 819 Avg.FarmPrice ($/bu) 2/ 8.83 6.96 5.55 5.50 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570 Production 596 465 449 234 59 1804 Imports 18 63 6 6 45 138 Supply, Total 3/ 837 683 545 314 132 2512 Food 384 253 158 84 83 961 Seed 27 15 11 6 3 62 Feed and Residual 18 -10 91 -12 -2 85 Domestic Use 428 258 261 77 84 1108 Exports 134 235 158 152 27 707 Use, Total 563 493 419 229 111 1815 Ending Stocks, Total 274 190 126 85 21 696 2024/25 (Proj.) Beginning Stocks 274 190 126 85 21 696 Production 770 503 342 276 80 1971 Imports 5 75 5 5 50 140 Supply, Total 3/ 1050 768 473 366 151 2808 Food 386 260 155 85 84 970 Seed 27 16 13 6 3 64 Feed and Residual 45 20 70 -15 0 120 Domestic Use 458 296 238 76 87 1154 Exports 210 265 120 220 20 835 Use, Total 668 561 358 296 107 1989 Ending Stocks, Total Mar 382 207 116 70 45 819 Feb 382 197 111 70 35 794 ================================================================================ WASDE - 658 - 12 March 2025 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Acres FEED GRAINS Area Planted 100.0 107.5 101.5 101.5 Area Harvested 86.6 96.0 91.3 91.3 Metric Tons Yield per Harvested Acre 4.11 4.19 4.28 4.28 Million Metric Tons Beginning Stocks 37.5 37.1 47.9 47.9 Production 356.1 402.6 390.5 390.5 Imports 2.9 2.3 2.1 2.0 Supply, Total 396.5 442.0 440.4 440.3 Feed and Residual 142.2 150.8 151.3 152.6 Food, Seed & Industrial 172.1 178.9 180.6 180.5 Domestic, Total 314.4 329.7 331.9 333.1 Exports 45.1 64.4 66.8 65.0 Use, Total 359.4 394.2 398.6 398.0 Ending Stocks 37.1 47.9 41.8 42.3 Million Acres CORN Area Planted 88.2 94.6 90.6 90.6 Area Harvested 78.7 86.5 82.9 82.9 Bushels Yield per Harvested Acre 173.4 177.3 179.3 179.3 Million Bushels Beginning Stocks 1377 1360 1763 1763 Production 13651 15341 14867 14867 Imports 39 28 25 25 Supply, Total 15066 16729 16655 16655 Feed and Residual 5486 5805 5775 5775 Food,Seed& Industrial 2/ 6558 6868 6890 6890 Ethanol & by-products 3/ 5176 5478 5500 5500 Domestic, Total 12044 12673 12665 12665 Exports 1662 2292 2450 2450 Use, Total 13706 14966 15115 15115 Ending Stocks 1360 1763 1540 1540 Avg.FarmPrice ($/bu) 4/ 6.54 4.55 4.35 4.35 ================================================================================ WASDE - 658 - 13 March 2025 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 7.2 6.3 6.3 AreaHarvested(mil.acres) 4.6 6.1 5.6 5.6 Yield (bushels/acre) 41.1 52.0 61.3 61.3 Beginning Stocks 47 24 33 33 Production 188 318 344 344 Imports 0 0 0 0 Supply, Total 235 342 377 377 Feed and Residual 42 46 105 155 Food, Seed & Industrial 59 24 70 70 Total Domestic 102 70 175 225 Exports 109 239 170 100 Use, Total 211 309 345 325 Ending Stocks 24 33 32 52 Avg.FarmPrice ($/bu) 2/ 6.38 4.93 4.25 4.15 BARLEY AreaPlanted (mil. acres) 2.9 3.1 2.4 2.4 AreaHarvested(mil.acres) 2.4 2.6 1.9 1.9 Yield (bushels/acre) 71.7 72.3 76.7 76.7 Beginning Stocks 37 66 78 78 Production 174 186 144 144 Imports 23 13 10 9 Supply, Total 235 265 232 231 Feed and Residual 35 57 40 45 Food, Seed & Industrial 132 125 120 115 Total Domestic 167 182 160 160 Exports 2 5 8 8 Use, Total 169 187 168 168 Ending Stocks 66 78 64 63 Avg.FarmPrice ($/bu) 2/ 7.40 7.39 6.60 6.50 OATS AreaPlanted (mil. acres) 2.6 2.6 2.2 2.2 AreaHarvested(mil.acres) 0.9 0.8 0.9 0.9 Yield (bushels/acre) 65.5 68.6 76.5 76.5 Beginning Stocks 33 35 36 36 Production 58 57 68 68 Imports 84 74 70 65 Supply, Total 174 166 174 169 Feed and Residual 57 48 60 55 Food, Seed & Industrial 81 80 81 81 Total Domestic 137 128 141 136 Exports 2 2 2 2 Use, Total 139 130 143 138 Ending Stocks 35 36 31 31 Avg.FarmPrice ($/bu) 2/ 4.57 3.92 3.40 3.45 ================================================================================ WASDE - 658 - 14 March 2025 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Acres TOTAL RICE Area Planted 2.22 2.90 2.91 2.91 Area Harvested 2.17 2.85 2.87 2.87 Pounds Yield per Harvested Acre 7385 7641 7748 7748 Million Hundredweight Beginning Stocks 2/ 39.7 30.3 39.8 39.8 Production 160.0 218.0 222.1 222.1 Imports 39.9 44.6 47.0 48.0 Supply, Total 239.7 292.8 309.0 310.0 Domestic & Residual 3/ 144.8 154.9 166.0 166.0 Exports, Total 4/ 64.6 98.1 96.0 97.0 Rough 18.5 41.7 36.0 33.0 Milled (rough equiv.) 46.2 56.4 60.0 64.0 Use, Total 209.4 253.0 262.0 263.0 Ending Stocks 30.3 39.8 47.0 47.0 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 19.80 17.30 15.40 15.60 LONG GRAIN RICE Harvested Acres (mil.) 1.78 2.05 2.26 2.26 Yield (pounds/acre) 7225 7523 7625 7625 Beginning Stocks 24.6 21.2 19.3 19.3 Imports 31.9 37.3 40.0 41.0 Production 128.5 153.8 172.0 172.0 Supply, Total 7/ 185.0 212.3 231.3 232.3 Domestic & Residual 3/ 113.6 118.3 129.0 129.0 Exports 8/ 50.2 74.7 68.0 68.0 Use, Total 163.8 193.0 197.0 197.0 Ending Stocks 21.2 19.3 34.3 35.3 Avg.FarmPrice($/cwt) 6/ 16.70 15.90 14.00 14.20 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.39 0.81 0.61 0.61 Yield (pounds/acre) 8118 7938 8200 8200 Beginning Stocks 13.0 6.8 18.9 18.9 Imports 8.0 7.3 7.0 7.0 Production 31.6 64.1 50.1 50.1 Supply, Total 7/ 52.4 78.9 76.0 76.0 Domestic & Residual 3/ 31.1 36.6 37.0 37.0 Exports 8/ 14.4 23.3 28.0 29.0 Use, Total 45.6 60.0 65.0 66.0 Ending Stocks 6.8 18.9 11.0 10.0 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 21.60 20.70 20.80 California 10/ 40.90 22.30 22.50 22.50 Other States 1/ 18.20 17.20 14.80 15.20 ================================================================================ WASDE - 658 - 15 March 2025 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Acres SOYBEANS Area Planted 87.5 83.6 87.1 87.1 Area Harvested 86.2 82.3 86.1 86.1 Bushels Yield per Harvested Acre 49.6 50.6 50.7 50.7 Million Bushels Beginning Stocks 274 264 342 342 Production 4270 4162 4366 4366 Imports 25 21 20 20 Supply, Total 4569 4447 4729 4729 Crushings 2212 2285 2410 2410 Exports 1980 1695 1825 1825 Seed 75 78 78 75 Residual 39 47 36 39 Use, Total 4305 4105 4349 4349 Ending Stocks 264 342 380 380 Avg.FarmPrice ($/bu) 2/ 14.20 12.40 10.10 9.95 Million Pounds SOYBEAN OIL Beginning Stocks 1991 1607 1501 1551 Production 4/ 26227 27093 28680 28680 Imports 376 621 550 550 Supply, Total 28594 29321 30731 30781 Domestic Disappearance 26609 27153 27600 27450 Biofuel 3/ 12510 12989 13600 13450 Food, Feed & other Industrial 14099 14164 14000 14000 Exports 378 617 1600 1800 Use, Total 26987 27770 29200 29250 Ending stocks 1607 1551 1531 1531 Avg. Price (c/lb) 2/ 65.26 47.28 43.00 43.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 311 371 453 453 Production 4/ 52493 54106 56947 56947 Imports 634 687 675 675 Supply, Total 53438 55164 58075 58075 Domestic Disappearance 38521 38604 40225 40225 Exports 14547 16107 17400 17400 Use, Total 53067 54711 57625 57625 Ending Stocks 371 453 450 450 Avg. Price ($/s.t.) 2/ 451.91 384.11 310.00 310.00 ================================================================================ WASDE - 658 - 16 March 2025 U.S. Sugar Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1820 1843 2129 2129 Production 2/ 9250 9311 9370 9408 Beet Sugar 5187 5172 5353 5389 Cane Sugar 4063 4139 4017 4019 Florida 1985 2077 1997 1971 Louisiana 2001 2022 2020 2049 Texas 76 40 0 0 Imports 3614 3811 2893 2779 TRQ 3/ 1862 1788 1533 1533 Other Program 4/ 141 272 200 200 Non-program 1611 1752 1160 1047 Mexico 1156 521 621 497 High-tier tariff/other 455 1231 539 550 Total Supply 14685 14965 14393 14317 Exports 82 249 100 100 Deliveries 12589 12506 12380 12345 Food 12473 12399 12275 12240 Other 5/ 116 106 105 105 Miscellaneous 171 81 0 0 Total Use 12843 12836 12480 12445 Ending Stocks 1843 2129 1913 1872 Stocks to Use Ratio 14.3 16.6 15.3 15.0 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2023/24 Est. Feb 835 4704 761 4436 446 1418 Mar 835 4704 761 4436 446 1418 2024/25 Proj. Feb 1418 4859 125 4583 857 962 Mar 1418 4859 189 4553 957 956 ================================================================================ WASDE - 658 - 17 March 2025 U.S. Cotton Supply and Use 1/ ================================================================================ 2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj. Item Feb Mar ================================================================================ Million Acres Planted 13.75 10.23 11.18 11.18 Harvested 7.29 6.44 8.27 8.27 Pounds Yield per Harvested Acre 953 899 836 836 Million 480 Pound Bales Beginning Stocks 4.60 4.65 3.15 3.15 Production 14.47 12.07 14.41 14.41 Imports 0.00 0.00 0.01 0.01 Supply, Total 19.07 16.72 17.57 17.57 Domestic Use 2.05 1.85 1.70 1.70 Exports, Total 12.45 11.75 11.00 11.00 Use, Total 14.50 13.60 12.70 12.70 Unaccounted 2/ -0.08 -0.03 -0.03 -0.03 Ending Stocks 4.65 3.15 4.90 4.90 Avg. Farm Price 3/ 84.8 76.1 63.5 63.0 ================================================================================ WASDE - 658 - 18 March 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 ================================================================================ 2022/23 World 3/ 275.59 789.89 213.61 152.82 789.33 221.75 276.14 World Less China 138.83 652.17 200.33 119.82 641.33 220.80 137.33 United States 18.36 44.90 3.31 2.03 30.33 20.73 15.50 Total Foreign 257.23 744.99 210.31 150.80 759.00 201.02 260.64 Major Exporters 4/ 41.53 335.89 13.36 73.90 180.94 162.31 47.55 Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97 Australia 3.45 40.55 0.20 4.50 8.00 31.83 4.37 Canada 4.17 34.81 0.55 3.15 8.29 25.62 5.63 European Union 5/ 13.63 134.49 12.23 45.00 109.00 35.08 16.27 Russia 12.09 92.00 0.30 18.00 41.00 49.00 14.39 Ukraine 6.27 21.50 0.08 3.00 7.80 17.12 2.93 Major Importers 6/ 174.61 206.13 134.12 50.69 320.41 15.13 179.31 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.72 17.26 29.68 1.67 46.72 0.77 12.17 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 10.24 17.43 24.86 3.58 39.69 0.65 12.19 Southeast Asia 9/ 4.64 0.00 24.48 7.55 24.70 1.28 3.14 Selected Other India 19.50 104.00 0.04 6.50 108.67 5.38 9.50 Kazakhstan 1.48 16.40 4.00 1.80 6.80 10.87 4.21 United Kingdom 1.85 15.54 2.03 7.20 15.20 1.91 2.31 2023/24 Est. World 3/ 276.14 791.21 222.25 159.24 797.85 221.21 269.50 World Less China 137.33 654.62 208.62 122.24 644.35 220.17 135.00 United States 15.50 49.10 3.76 2.31 30.16 19.24 18.95 Total Foreign 260.64 742.11 218.49 156.94 767.69 201.97 250.55 Major Exporters 4/ 47.55 324.35 13.79 73.07 180.16 165.56 39.96 Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54 Australia 4.37 25.96 0.22 4.30 7.80 19.84 2.91 Canada 5.63 32.95 0.56 4.02 9.11 25.44 4.58 European Union 5/ 16.27 135.10 12.65 46.50 110.50 37.97 15.54 Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69 Ukraine 2.93 23.00 0.06 2.00 6.70 18.58 0.71 Major Importers 6/ 179.31 208.76 139.35 56.26 330.60 19.76 177.05 Bangladesh 0.83 1.10 6.70 0.25 7.55 0.00 1.08 Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69 China 138.82 136.59 13.64 37.00 153.50 1.04 134.50 Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09 N. Africa 7/ 12.17 16.37 31.38 1.63 46.78 2.00 11.15 Nigeria 0.36 0.12 5.11 0.00 4.80 0.35 0.44 Sel. Mideast 8/ 12.19 20.81 20.33 3.13 40.11 0.65 12.56 Southeast Asia 9/ 3.14 0.00 30.60 9.90 27.96 1.30 4.47 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 ================================================================================ WASDE - 658 - 19 March 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 ================================================================================ 2024/25 Proj. World 3/ Feb 267.49 793.79 204.81 153.50 803.72 208.99 257.56 Mar 269.50 797.23 202.70 154.85 806.65 208.07 260.08 World Less China Feb 132.99 653.69 196.81 120.50 652.72 207.99 126.96 Mar 135.00 657.13 196.20 121.85 655.65 207.07 130.98 United States Feb 18.95 53.65 3.54 3.27 31.39 23.13 21.62 Mar 18.95 53.65 3.81 3.27 31.39 22.73 22.30 Total Foreign Feb 248.54 740.14 201.28 150.24 772.33 185.86 235.95 Mar 250.55 743.58 198.89 151.59 775.25 185.35 237.79 Major Exporters 4/ Feb 39.96 310.36 12.14 71.25 178.45 151.50 32.51 Mar 39.96 313.87 11.64 72.35 179.55 151.00 34.92 Argentina Feb 4.54 17.70 0.01 0.25 7.05 11.50 3.70 Mar 4.54 18.50 0.01 0.25 7.05 11.50 4.50 Australia Feb 2.91 32.00 0.20 4.00 7.50 25.00 2.61 Mar 2.91 34.11 0.20 4.50 8.00 26.00 3.22 Canada Feb 4.58 34.96 0.55 4.30 9.50 26.00 4.59 Mar 4.58 34.96 0.55 4.30 9.50 26.00 4.59 European Union 5/ Feb 15.54 121.30 11.00 45.00 109.25 28.00 10.59 Mar 15.54 121.30 10.50 45.50 109.75 27.00 10.59 Russia Feb 11.69 81.50 0.30 15.50 38.25 45.50 9.74 Mar 11.69 81.60 0.30 15.50 38.25 45.00 10.34 Ukraine Feb 0.71 22.90 0.08 2.20 6.90 15.50 1.29 Mar 0.71 23.40 0.08 2.30 7.00 15.50 1.69 Major Importers 6/ Feb 174.98 210.36 128.25 51.88 329.80 16.25 167.54 Mar 177.05 210.36 126.38 51.98 330.20 16.23 167.36 Bangladesh Feb 1.08 1.10 6.90 0.25 7.95 0.00 1.13 Mar 1.08 1.10 6.70 0.25 7.85 0.00 1.03 Brazil Feb 1.69 7.89 6.40 0.50 11.90 2.70 1.38 Mar 1.69 7.89 6.50 0.50 11.90 2.70 1.48 China Feb 134.50 140.10 8.00 33.00 151.00 1.00 130.60 Mar 134.50 140.10 6.50 33.00 151.00 1.00 129.10 Japan Feb 1.09 1.08 5.40 0.65 6.15 0.30 1.12 Mar 1.09 1.08 5.40 0.65 6.15 0.30 1.12 N. Africa 7/ Feb 11.09 16.01 32.50 1.45 46.80 2.10 10.70 Mar 11.15 16.01 32.70 1.45 46.90 2.14 10.82 Nigeria Feb 0.44 0.12 5.80 0.00 5.10 0.38 0.88 Mar 0.44 0.12 5.80 0.00 5.10 0.38 0.88 Sel. Mideast 8/ Feb 12.74 22.40 17.80 3.03 40.13 0.81 12.01 Mar 12.56 22.40 17.80 2.83 40.23 0.71 11.82 Southeast Asia 9/ Feb 4.47 0.00 30.25 10.20 28.98 1.28 4.47 Mar 4.47 0.00 30.78 10.50 29.38 1.29 4.58 India Feb 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Mar 7.50 113.29 0.20 6.00 112.24 0.25 8.50 Kazakhstan Feb 3.45 18.58 0.50 3.20 8.30 10.00 4.22 Mar 3.45 18.58 0.50 3.20 8.30 10.00 4.22 United Kingdom Feb 3.26 11.05 3.50 6.60 14.80 0.50 2.51 Mar 3.26 11.05 3.70 6.70 14.90 0.50 2.61 ================================================================================ WASDE - 658 - 20 March 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 ================================================================================ 2022/23 World 3/ 341.80 1455.44 213.12 894.71 1460.64 220.35 336.60 World Less China 131.77 1169.55 180.50 664.26 1138.87 220.34 129.83 United States 37.48 356.45 3.24 142.36 314.97 45.06 37.14 Total Foreign 304.33 1098.99 209.88 752.34 1145.68 175.28 299.46 Major Exporters 4/ 30.45 332.36 4.55 138.87 190.93 145.87 30.57 Argentina 5.58 43.91 0.02 11.65 17.63 28.75 3.14 Australia 3.61 18.84 0.00 5.72 7.60 10.89 3.97 Brazil 4.57 143.49 1.98 67.35 84.99 54.28 10.77 Canada 3.71 30.54 2.16 17.12 24.73 7.96 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.60 8.92 29.92 3.95 Major Importers 5/ 38.35 229.52 135.96 272.76 353.83 13.00 37.01 European Union 6/ 18.65 133.10 25.49 111.39 149.60 11.10 16.53 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.94 33.88 20.27 32.88 52.75 0.05 5.30 N. Afr & Mideast 7/ 6.76 31.18 32.87 54.96 62.74 1.05 7.02 Saudi Arabia 1.41 0.25 7.59 7.51 7.85 0.00 1.40 Southeast Asia 8/ 3.30 30.61 17.80 39.65 48.05 0.79 2.86 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 210.04 285.89 32.62 230.45 321.77 0.01 206.77 2023/24 Est. World 3/ 336.60 1504.54 242.65 927.14 1496.52 237.33 344.61 World Less China 129.83 1207.16 194.55 681.34 1157.82 237.32 131.06 United States 37.14 402.88 2.65 150.95 330.35 64.45 47.87 Total Foreign 299.46 1101.66 240.00 776.19 1166.18 172.88 296.74 Major Exporters 4/ 30.57 322.41 6.83 137.35 195.32 142.40 22.09 Argentina 3.14 59.37 0.02 11.92 18.03 40.82 3.68 Australia 3.97 14.44 0.00 5.24 7.12 9.69 1.61 Brazil 10.77 124.81 2.64 68.85 91.63 38.40 8.19 Canada 3.72 27.52 2.95 16.25 24.44 6.08 3.68 Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71 Ukraine 3.95 39.78 0.01 7.17 9.67 32.02 2.05 Major Importers 5/ 37.01 231.03 144.94 278.53 361.38 14.67 36.92 European Union 6/ 16.53 136.88 22.11 110.45 148.94 11.52 15.07 Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.44 Mexico 5.30 28.82 25.48 34.30 54.27 0.03 5.30 N. Afr & Mideast 7/ 7.02 34.01 37.52 59.77 68.16 2.52 7.88 Saudi Arabia 1.40 0.24 7.00 6.92 7.25 0.00 1.38 Southeast Asia 8/ 2.86 30.56 19.82 40.04 49.29 0.60 3.36 South Korea 1.91 0.16 11.67 9.30 11.78 0.00 1.96 Selected Other China 206.77 297.38 48.11 245.80 338.70 0.01 213.55 ================================================================================ WASDE - 658 - 21 March 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 ================================================================================ 2024/25 Proj. World 3/ Feb 346.47 1492.52 217.81 935.61 1521.84 225.85 317.14 Mar 344.61 1495.74 215.66 937.16 1523.55 222.64 316.80 World Less China Feb 132.91 1189.05 191.39 688.73 1182.66 225.83 112.90 Mar 131.06 1192.28 193.24 692.28 1186.37 222.61 114.56 United States Feb 47.87 390.86 2.34 151.47 332.52 66.76 41.79 Mar 47.87 390.86 2.21 152.74 333.68 64.98 42.28 Total Foreign Feb 298.59 1101.66 215.47 784.14 1189.32 159.09 275.35 Mar 296.74 1104.89 213.46 784.42 1189.87 157.66 274.53 Major Exporters 4/ Feb 23.95 319.66 4.98 138.68 198.07 134.41 16.12 Mar 22.09 321.19 5.01 139.24 198.56 132.82 16.92 Argentina Feb 4.18 59.39 0.01 12.73 18.94 40.70 3.93 Mar 3.68 59.09 0.01 12.73 18.94 40.40 3.43 Australia Feb 1.61 15.47 0.00 5.34 7.21 8.31 1.56 Mar 1.61 17.30 0.00 5.29 7.16 9.66 2.08 Brazil Feb 9.57 132.52 2.34 69.83 94.65 46.21 3.57 Mar 8.19 132.48 2.34 70.30 95.13 44.21 3.68 Canada Feb 3.68 27.52 2.35 16.33 24.64 5.73 3.18 Mar 3.68 27.52 2.35 16.40 24.71 5.61 3.23 Russia Feb 1.71 33.97 0.10 20.50 28.67 6.25 0.86 Mar 1.71 34.78 0.10 20.43 28.50 6.65 1.44 Ukraine Feb 2.05 33.24 0.02 6.90 9.40 24.59 1.33 Mar 2.05 33.47 0.02 7.04 9.54 24.57 1.43 Major Importers 5/ Feb 36.92 227.98 143.12 281.22 364.25 10.27 33.52 Mar 36.92 227.68 144.21 281.91 365.04 10.46 33.32 European Union 6/ Feb 15.07 136.11 21.02 110.84 149.45 8.81 13.95 Mar 15.07 136.11 21.06 110.83 149.44 8.80 14.00 Japan Feb 1.44 0.24 16.71 13.25 16.99 0.00 1.40 Mar 1.44 0.24 16.71 13.25 16.99 0.00 1.40 Mexico Feb 5.30 28.76 25.25 34.30 54.33 0.03 4.95 Mar 5.30 28.36 25.25 34.00 54.03 0.03 4.85 N. Afr & Mideast 7/ Feb 7.88 31.45 35.56 59.26 67.48 0.87 6.54 Mar 7.88 31.55 36.41 60.06 68.38 1.07 6.39 Saudi Arabia Feb 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Mar 1.38 0.25 7.21 7.12 7.46 0.00 1.38 Southeast Asia 8/ Feb 3.36 30.91 21.01 42.50 51.85 0.56 2.85 Mar 3.36 30.91 21.41 42.90 52.25 0.56 2.85 South Korea Feb 1.96 0.16 11.60 9.33 11.82 0.00 1.91 Mar 1.96 0.16 11.60 9.33 11.82 0.00 1.91 China Feb 213.55 303.47 26.43 246.88 339.18 0.03 204.24 Mar 213.55 303.47 22.43 244.88 337.18 0.03 202.24 ================================================================================ WASDE - 658 - 22 March 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 ================================================================================ 2022/23 World 3/ 313.91 1163.33 173.40 735.11 1172.41 180.35 304.83 World Less China 104.77 886.13 154.69 517.11 873.41 180.34 98.79 United States 34.98 346.74 0.98 139.35 305.93 42.22 34.55 Total Foreign 278.93 816.59 172.42 595.76 866.48 138.13 270.27 Major Exporters 4/ 19.40 233.93 1.45 90.81 120.14 115.97 18.67 Argentina 4.75 37.00 0.02 10.00 14.20 25.24 2.32 Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.03 6.61 13.24 3.44 2.41 Ukraine 7.80 27.00 0.02 3.80 4.70 27.12 3.00 Major Importers 5/ 23.45 118.65 95.26 157.41 211.61 5.04 20.72 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.36 52.38 23.19 55.50 74.70 4.20 8.02 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.18 28.08 19.39 27.50 46.00 0.05 4.59 Southeast Asia 7/ 3.30 30.56 16.25 38.31 46.46 0.79 2.85 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.11 9.55 14.90 2.87 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 2023/24 Est. World 3/ 304.83 1228.09 197.75 772.83 1218.97 193.56 313.95 World Less China 98.79 939.25 174.34 547.83 911.97 193.56 102.66 United States 34.55 389.67 0.72 147.47 321.92 58.23 44.79 Total Foreign 270.27 838.42 197.03 625.36 897.04 135.33 269.16 Major Exporters 4/ 18.67 232.53 2.59 93.50 128.10 112.99 12.70 Argentina 2.32 51.00 0.02 10.00 14.25 36.50 2.59 Brazil 10.04 119.00 1.72 63.50 85.00 38.30 7.46 Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76 South Africa 2.41 13.43 0.80 6.90 13.70 2.10 0.83 Ukraine 3.00 32.50 0.01 4.00 4.95 29.49 1.07 Major Importers 5/ 20.72 123.29 103.33 166.05 221.80 5.02 20.52 Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43 European Union 6/ 8.02 61.87 19.83 58.30 78.10 4.39 7.24 Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30 Mexico 4.59 23.50 24.76 29.50 48.10 0.03 4.72 Southeast Asia 7/ 2.85 30.51 19.29 39.70 48.70 0.60 3.35 South Korea 1.90 0.09 11.55 9.25 11.60 0.00 1.94 Selected Other Canada 1.63 15.42 2.81 9.79 15.80 2.07 2.00 China 206.04 288.84 23.41 225.00 307.00 0.00 211.29 ================================================================================ WASDE - 658 - 23 March 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 ================================================================================ 2024/25 Proj. World 3/ Feb 315.81 1212.47 181.16 777.50 1237.96 189.23 290.31 Mar 313.95 1214.17 180.30 779.42 1239.19 186.36 288.94 World Less China Feb 104.52 917.55 171.16 546.50 924.96 189.21 87.13 Mar 102.66 919.25 172.30 548.42 926.19 186.34 87.75 United States Feb 44.79 377.63 0.64 146.69 321.71 62.23 39.12 Mar 44.79 377.63 0.64 146.69 321.71 62.23 39.12 Total Foreign Feb 271.01 834.84 180.52 630.81 916.26 127.00 251.19 Mar 269.16 836.54 179.66 632.72 917.48 124.13 249.82 Major Exporters 4/ Feb 14.56 232.75 1.58 94.20 130.95 109.90 8.04 Mar 12.70 232.80 1.58 95.10 131.85 107.00 8.23 Argentina Feb 3.09 50.00 0.01 10.00 14.30 36.00 2.79 Mar 2.59 50.00 0.01 10.00 14.30 36.00 2.29 Brazil Feb 8.84 126.00 1.50 64.00 87.50 46.00 2.84 Mar 7.46 126.00 1.50 64.50 88.00 44.00 2.96 Russia Feb 0.76 13.25 0.05 9.30 10.40 3.30 0.36 Mar 0.76 14.00 0.05 9.50 10.60 3.30 0.91 South Africa Feb 0.81 17.00 0.00 6.90 13.80 2.60 1.41 Mar 0.83 16.00 0.00 6.90 13.80 1.70 1.33 Ukraine Feb 1.07 26.50 0.02 4.00 4.95 22.00 0.64 Mar 1.07 26.80 0.02 4.20 5.15 22.00 0.74 Major Importers 5/ Feb 20.52 119.77 103.90 166.40 222.30 3.09 18.79 Mar 20.52 119.37 104.20 166.20 222.20 3.09 18.79 Egypt Feb 1.43 7.00 8.20 12.80 15.30 0.00 1.33 Mar 1.43 7.00 8.40 12.80 15.40 0.00 1.43 European Union 6/ Feb 7.24 58.00 19.50 56.00 75.70 2.50 6.54 Mar 7.24 58.00 19.50 56.00 75.70 2.50 6.54 Japan Feb 1.30 0.02 15.30 12.00 15.35 0.00 1.27 Mar 1.30 0.02 15.30 12.00 15.35 0.00 1.27 Mexico Feb 4.72 23.70 24.50 29.80 48.50 0.03 4.39 Mar 4.72 23.30 24.50 29.50 48.20 0.03 4.29 Southeast Asia 7/ Feb 3.35 30.86 20.20 41.90 51.00 0.56 2.85 Mar 3.35 30.86 20.50 42.20 51.30 0.56 2.85 South Korea Feb 1.94 0.10 11.50 9.30 11.65 0.00 1.89 Mar 1.94 0.10 11.50 9.30 11.65 0.00 1.89 Canada Feb 2.00 15.35 2.20 9.60 15.50 2.10 1.94 Mar 2.00 15.35 2.20 9.60 15.50 2.10 1.94 China Feb 211.29 294.92 10.00 231.00 313.00 0.02 203.18 Mar 211.29 294.92 8.00 231.00 313.00 0.02 201.18 ================================================================================ WASDE - 658 - 24 March 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 ================================================================================ 2022/23 World 3/ 184.20 516.70 57.32 520.18 55.09 180.71 World Less China 71.20 370.75 52.94 365.19 53.35 74.11 United States 1.26 5.08 1.27 4.60 2.05 0.96 Total Foreign 182.94 511.61 56.05 515.59 53.04 179.75 Major Exporters 4/ 45.49 202.93 3.31 163.34 42.54 45.85 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.32 0.01 3.93 3.76 2.02 Thailand 4.43 20.91 0.05 12.30 8.74 4.35 Vietnam 3.61 27.14 3.25 22.40 8.23 3.37 Major Importers 5/ 125.49 238.82 23.42 263.79 2.16 121.77 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.32 3.30 0.39 0.83 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.41 2.28 7.50 0.00 2.23 Philippines 3.10 12.63 3.75 16.10 0.00 3.38 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.51 1.53 1.98 3.35 0.05 0.62 Egypt 0.61 3.60 0.39 4.00 0.00 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.15 0.17 0.78 0.98 0.00 0.12 South Korea 1.33 3.76 0.26 3.88 0.06 1.43 2023/24 Est. World 3/ 180.71 522.31 53.46 523.46 56.87 179.56 World Less China 74.11 377.69 51.93 375.35 55.24 76.56 United States 0.96 6.92 1.42 4.92 3.12 1.27 Total Foreign 179.75 515.39 52.04 518.55 53.76 178.29 Major Exporters 4/ 45.85 205.89 3.91 164.90 42.67 48.09 Burma 1.11 11.90 0.01 9.80 2.80 0.42 India 35.00 137.83 0.00 116.40 14.43 42.00 Pakistan 2.02 9.87 0.01 4.00 6.53 1.37 Thailand 4.35 20.00 0.10 12.30 9.89 2.26 Vietnam 3.37 26.30 3.80 22.40 9.04 2.04 Major Importers 5/ 121.77 237.33 20.76 258.64 2.02 119.20 China 106.60 144.62 1.53 148.12 1.63 103.00 European Union 6/ 0.83 1.44 2.11 3.25 0.36 0.76 Indonesia 4.70 33.02 4.65 36.20 0.00 6.17 Nigeria 2.23 5.61 1.89 7.55 0.00 2.17 Philippines 3.38 12.33 4.50 16.60 0.00 3.60 Sel. Mideast 7/ 1.27 2.02 4.61 6.58 0.00 1.32 Selected Other Brazil 0.62 7.20 0.95 7.15 1.00 0.62 C. Amer & Carib 8/ 0.62 1.51 1.85 3.24 0.06 0.68 Egypt 0.60 3.78 0.18 4.05 0.06 0.45 Japan 1.81 7.30 0.72 8.15 0.09 1.60 Mexico 0.12 0.16 0.85 0.99 0.01 0.14 South Korea 1.43 3.70 0.40 4.15 0.13 1.25 ================================================================================ WASDE - 658 - 25 March 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 ================================================================================ 2024/25 Proj. World 3/ Feb 179.48 532.67 54.86 530.52 58.32 181.63 Mar 179.56 532.66 55.14 530.71 58.39 181.51 World Less China Feb 76.48 387.39 52.76 384.65 57.32 78.13 Mar 76.56 387.39 53.04 384.84 57.39 78.01 United States Feb 1.27 7.05 1.49 5.27 3.05 1.49 Mar 1.27 7.05 1.52 5.27 3.08 1.49 Total Foreign Feb 178.22 525.61 53.37 525.25 55.27 180.13 Mar 178.29 525.61 53.61 525.44 55.31 180.02 Major Exporters 4/ Feb 48.07 213.45 3.51 169.80 44.20 51.02 Mar 48.09 213.45 3.51 169.80 44.20 51.04 Burma Feb 0.41 11.85 0.01 10.00 1.50 0.77 Mar 0.42 11.85 0.01 10.00 1.50 0.78 India Feb 42.00 145.00 0.00 121.00 22.00 44.00 Mar 42.00 145.00 0.00 121.00 22.00 44.00 Pakistan Feb 1.35 10.00 0.00 4.10 5.70 1.55 Mar 1.37 10.00 0.00 4.10 5.70 1.57 Thailand Feb 2.26 20.10 0.10 12.30 7.50 2.66 Mar 2.26 20.10 0.10 12.30 7.50 2.66 Vietnam Feb 2.04 26.50 3.40 22.40 7.50 2.04 Mar 2.04 26.50 3.40 22.40 7.50 2.04 Major Importers 5/ Feb 119.14 238.35 20.00 258.10 1.45 117.95 Mar 119.20 238.35 20.25 258.50 1.44 117.86 China Feb 103.00 145.28 2.10 145.88 1.00 103.50 Mar 103.00 145.28 2.10 145.88 1.00 103.50 European Union 6/ Feb 0.76 1.67 2.20 3.35 0.40 0.88 Mar 0.76 1.67 2.20 3.35 0.40 0.88 Indonesia Feb 6.12 34.00 1.00 36.70 0.00 4.42 Mar 6.17 34.00 0.80 36.60 0.00 4.37 Nigeria Feb 2.17 5.23 2.40 7.60 0.00 2.20 Mar 2.17 5.23 2.50 7.65 0.00 2.25 Philippines Feb 3.60 12.00 5.30 17.20 0.00 3.70 Mar 3.60 12.00 5.30 17.20 0.00 3.70 Sel. Mideast 7/ Feb 1.32 2.28 4.70 6.93 0.00 1.37 Mar 1.32 2.28 4.85 6.98 0.00 1.47 Brazil Feb 0.67 8.00 0.90 7.25 1.30 1.02 Mar 0.62 8.00 0.90 7.25 1.30 0.97 C. Amer & Carib 8/ Feb 0.68 1.51 2.04 3.43 0.06 0.74 Mar 0.68 1.51 2.04 3.43 0.06 0.74 Egypt Feb 0.51 3.90 0.18 4.10 0.01 0.48 Mar 0.45 3.90 0.18 4.10 0.05 0.38 Japan Feb 1.60 7.35 0.72 8.00 0.09 1.58 Mar 1.60 7.35 0.72 8.00 0.09 1.58 Mexico Feb 0.09 0.16 0.86 1.01 0.01 0.10 Mar 0.14 0.16 0.86 1.01 0.01 0.15 South Korea Feb 1.25 3.59 0.44 3.95 0.17 1.15 Mar 1.25 3.59 0.44 3.95 0.17 1.15 ================================================================================ WASDE - 658 - 26 March 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 ================================================================================ 2022/23 World 70.88 116.30 37.74 112.64 36.65 -0.27 75.90 World Less China 36.72 85.55 31.51 74.94 36.55 -0.27 42.55 United States 4.60 14.47 3/ 2.05 12.45 -0.08 4.65 Total Foreign 66.28 101.83 37.74 110.59 24.20 -0.19 71.25 Major Exporters 4/ 21.76 55.72 2.47 32.81 20.05 -0.20 27.28 Central Asia 5/ 2.73 5.50 0.10 3.53 1.12 0.00 3.69 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34 Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78 Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01 India 8.40 26.30 1.73 24.50 1.10 0.00 10.82 Major Importers 8/ 42.77 42.93 32.86 73.77 3.01 0.02 41.77 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 34.17 30.75 6.23 37.70 0.09 0.00 33.36 European Union 9/ 0.30 1.64 0.52 0.56 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 2023/24 Est. World 75.90 112.98 44.01 114.78 44.61 -0.21 73.71 World Less China 42.55 85.63 29.03 75.88 44.54 -0.21 37.00 United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15 Total Foreign 71.25 100.92 44.00 112.93 32.86 -0.18 70.56 Major Exporters 4/ 27.28 57.96 1.58 34.35 28.29 -0.18 24.35 Central Asia 5/ 3.69 5.03 0.05 3.89 1.67 0.00 3.20 Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29 S. Hemis. 7/ 11.34 22.03 0.15 4.22 19.25 -0.18 10.22 Australia 4.78 5.00 3/ 0.01 5.74 -0.18 4.20 Brazil 4.01 14.57 0.01 3.16 12.31 0.00 3.11 India 10.82 25.40 0.89 25.50 2.31 0.00 9.30 Major Importers 8/ 41.77 39.62 39.96 74.50 2.99 0.00 43.87 Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24 China 33.36 27.35 14.98 38.90 0.06 0.00 36.72 European Union 9/ 0.39 1.04 0.48 0.51 1.14 0.00 0.26 Turkey 2.63 3.20 3.57 6.60 1.39 0.00 1.41 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 ================================================================================ WASDE - 658 - 27 March 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 ================================================================================ 2024/25 Proj. World Feb 73.71 120.46 42.47 115.95 42.51 -0.22 78.41 Mar 73.71 120.96 42.69 116.54 42.71 -0.22 78.33 World Less China Feb 37.00 89.46 35.17 78.45 42.41 -0.22 40.99 Mar 37.00 89.21 35.89 79.04 42.61 -0.22 40.66 United States Feb 3.15 14.41 0.01 1.70 11.00 -0.03 4.90 Mar 3.15 14.41 0.01 1.70 11.00 -0.03 4.90 Total Foreign Feb 70.56 106.05 42.47 114.25 31.51 -0.19 73.51 Mar 70.56 106.55 42.68 114.84 31.71 -0.19 73.43 Major Exporters 4/ Feb 24.35 60.23 3.37 34.67 27.44 -0.19 26.04 Mar 24.35 60.18 3.47 34.82 27.49 -0.19 25.89 Central Asia 5/ Feb 3.20 5.14 0.10 4.07 1.41 0.00 2.96 Mar 3.20 5.14 0.10 4.07 1.41 0.00 2.96 Afr. Fr. Zone 6/ Feb 1.29 4.71 3/ 0.10 4.58 0.00 1.33 Mar 1.29 4.71 3/ 0.10 4.58 0.00 1.33 S. Hemis. 7/ Feb 10.22 24.81 0.15 4.36 19.56 -0.19 11.45 Mar 10.22 24.76 0.15 4.36 19.66 -0.19 11.30 Australia Feb 4.20 5.40 3/ 0.01 5.50 -0.19 4.28 Mar 4.20 5.40 3/ 0.01 5.40 -0.19 4.38 Brazil Feb 3.11 17.00 0.01 3.30 12.80 0.00 4.02 Mar 3.11 17.00 0.01 3.30 13.00 0.00 3.82 India Feb 9.30 25.00 2.60 25.50 1.40 0.00 10.00 Mar 9.30 25.00 2.60 25.50 1.40 0.00 10.00 Major Importers 8/ Feb 43.87 42.44 36.28 75.11 2.37 0.00 45.11 Mar 43.87 42.99 36.37 75.53 2.52 0.00 45.18 Mexico Feb 0.24 0.83 0.78 1.45 0.15 0.00 0.24 Mar 0.24 0.83 0.70 1.40 0.15 0.00 0.22 China Feb 36.72 31.00 7.30 37.50 0.10 0.00 37.42 Mar 36.72 31.75 6.80 37.50 0.10 0.00 37.67 European Union 9/ Feb 0.26 1.26 0.54 0.56 1.20 0.00 0.29 Mar 0.26 1.26 0.51 0.54 1.20 0.00 0.29 Turkey Feb 1.41 4.00 4.20 7.00 0.85 0.00 1.76 Mar 1.41 4.00 4.20 7.00 1.00 0.00 1.61 Pakistan Feb 1.85 5.20 5.00 10.00 0.05 0.00 2.00 Mar 1.85 5.00 5.50 10.30 0.05 0.00 2.00 Indonesia Feb 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Mar 0.40 3/ 2.00 2.00 0.01 0.00 0.39 Thailand Feb 0.09 3/ 0.43 0.44 0.00 0.00 0.08 Mar 0.09 3/ 0.45 0.46 0.00 0.00 0.08 Bangladesh Feb 1.71 0.15 8.00 8.10 0.00 0.00 1.76 Mar 1.71 0.15 8.20 8.30 0.00 0.00 1.76 Vietnam Feb 1.03 3/ 7.40 7.40 0.00 0.00 1.04 Mar 1.03 3/ 7.40 7.40 0.00 0.00 1.04 ================================================================================ WASDE - 658 - 28 March 2025 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2022/23 World 2/ 92.90 378.16 168.60 315.62 366.67 171.75 101.24 World Less China 67.76 357.88 64.10 219.62 249.17 171.66 68.90 United States 7.47 116.22 0.67 60.20 63.29 53.87 7.19 Total Foreign 85.43 261.94 167.94 255.42 303.38 117.88 94.05 Major Exporters 3/ 51.49 197.95 9.25 87.23 97.45 106.96 54.28 Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00 Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82 Paraguay 0.18 10.25 0.01 3.45 3.58 6.50 0.37 Major Importers 4/ 27.78 23.80 135.63 123.45 152.37 0.33 34.51 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.13 14.30 15.87 0.23 1.08 Southeast Asia 5/ 0.64 0.49 8.23 3.90 8.66 0.01 0.68 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Est. World 2/ 101.24 394.97 178.30 331.29 384.44 177.51 112.55 World Less China 68.90 374.13 66.30 232.29 262.64 177.44 69.24 United States 7.19 113.27 0.57 62.20 65.58 46.13 9.32 Total Foreign 94.05 281.69 177.73 269.10 318.85 131.38 103.23 Major Exporters 3/ 54.28 215.50 8.68 94.38 105.73 120.22 52.51 Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05 Brazil 36.82 153.00 0.87 54.70 58.55 104.17 27.97 Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29 Major Importers 4/ 34.51 24.69 144.12 126.75 157.27 0.35 45.71 China 32.34 20.84 112.00 99.00 121.80 0.07 43.31 European Union 1.08 2.95 13.46 14.50 16.12 0.25 1.12 Southeast Asia 5/ 0.68 0.47 9.10 4.37 9.40 0.02 0.84 Mexico 0.22 0.19 6.46 6.53 6.59 0.01 0.27 2024/25 Proj. World 2/ Feb 112.49 420.76 179.24 349.89 406.18 181.98 124.34 Mar 112.55 420.76 179.20 352.84 409.16 181.95 121.41 World Less China Feb 69.18 400.11 70.24 246.89 279.28 181.88 78.38 Mar 69.24 400.11 70.20 247.84 280.26 181.85 77.45 United States Feb 9.32 118.84 0.54 65.59 68.70 49.67 10.34 Mar 9.32 118.84 0.54 65.59 68.69 49.67 10.34 Total Foreign Feb 103.18 301.93 178.69 284.30 337.48 132.31 114.00 Mar 103.23 301.93 178.65 287.25 340.47 132.28 111.07 Major Exporters 3/ Feb 52.51 231.80 6.18 100.20 112.23 120.10 58.17 Mar 52.51 231.80 6.18 101.20 113.23 120.10 57.17 Argentina Feb 24.05 49.00 6.00 41.00 48.60 4.50 25.95 Mar 24.05 49.00 6.00 42.00 49.60 4.50 24.95 Brazil Feb 27.97 169.00 0.15 56.00 60.10 105.50 31.52 Mar 27.97 169.00 0.15 56.00 60.10 105.50 31.52 Paraguay Feb 0.29 10.70 0.02 3.10 3.28 7.30 0.43 Mar 0.29 10.70 0.02 3.10 3.28 7.30 0.43 Major Importers 4/ Feb 45.71 24.42 143.52 132.22 164.11 0.42 49.12 Mar 45.71 24.48 143.94 134.52 166.49 0.42 47.22 China Feb 43.31 20.65 109.00 103.00 126.90 0.10 45.96 Mar 43.31 20.65 109.00 105.00 128.90 0.10 43.96 European Union Feb 1.12 2.85 14.60 15.20 16.97 0.30 1.30 Mar 1.12 2.85 14.60 15.20 16.97 0.30 1.30 Southeast Asia 5/ Feb 0.84 0.46 9.87 4.83 9.96 0.01 1.19 Mar 0.84 0.46 10.29 5.13 10.34 0.01 1.24 Mexico Feb 0.27 0.21 6.70 6.65 6.71 0.00 0.47 Mar 0.27 0.27 6.70 6.65 6.71 0.00 0.53 ================================================================================ WASDE - 658 - 29 March 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 ================================================================================ 2022/23 World 2/ 16.46 247.91 63.29 247.32 67.06 13.28 World Less China 15.75 171.88 63.25 172.27 66.27 12.34 United States 0.28 47.62 0.58 34.95 13.20 0.34 Total Foreign 16.18 200.29 62.71 212.38 53.86 12.94 Major Exporters 3/ 6.88 73.01 0.10 30.38 43.97 5.65 Argentina 2.80 23.65 0.07 3.45 20.76 2.30 Brazil 3.66 41.13 0.01 20.30 21.33 3.15 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.25 21.55 36.68 57.95 0.98 1.55 European Union 0.60 11.30 16.00 26.74 0.74 0.41 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.41 3.04 17.47 20.73 0.24 0.96 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Est. World 2/ 13.28 260.14 69.67 254.31 74.47 14.32 World Less China 12.34 181.74 69.64 177.16 73.04 13.52 United States 0.34 49.08 0.62 35.02 14.61 0.41 Total Foreign 12.94 211.06 69.05 219.29 59.86 13.91 Major Exporters 3/ 5.65 79.69 0.05 30.58 49.58 5.23 Argentina 2.30 28.54 0.00 3.50 24.89 2.44 Brazil 3.15 42.12 0.02 20.00 22.72 2.57 India 0.20 9.04 0.03 7.08 1.97 0.22 Major Importers 4/ 1.55 21.79 38.45 58.69 0.87 2.23 European Union 0.41 11.46 16.54 26.94 0.65 0.81 Mexico 0.15 5.16 1.94 7.08 0.00 0.16 Southeast Asia 5/ 0.96 3.41 18.16 21.09 0.22 1.22 China 0.94 78.41 0.03 77.15 1.43 0.79 2024/25 Proj. World 2/ Feb 14.34 274.58 73.01 268.75 76.32 16.85 Mar 14.32 276.90 74.46 270.40 77.92 17.35 World Less China Feb 13.54 193.00 72.96 188.20 75.32 15.98 Mar 13.52 193.74 74.41 188.75 76.72 16.20 United States Feb 0.41 51.66 0.61 36.49 15.79 0.41 Mar 0.41 51.66 0.61 36.49 15.79 0.41 Total Foreign Feb 13.93 222.92 72.39 232.26 60.54 16.45 Mar 13.91 225.24 73.84 233.90 62.14 16.95 Major Exporters 3/ Feb 5.28 83.90 0.07 32.25 51.10 5.90 Mar 5.23 84.68 0.07 32.23 52.10 5.66 Argentina Feb 2.49 31.98 0.01 3.53 28.00 2.96 Mar 2.44 32.76 0.01 3.50 29.00 2.71 Brazil Feb 2.57 43.12 0.01 21.00 22.00 2.70 Mar 2.57 43.12 0.01 21.00 22.00 2.70 India Feb 0.22 8.80 0.05 7.73 1.10 0.25 Mar 0.22 8.80 0.05 7.73 1.10 0.25 Major Importers 4/ Feb 2.23 22.93 40.33 61.61 1.19 2.69 Mar 2.23 23.17 41.18 62.26 1.24 3.07 European Union Feb 0.81 12.01 16.60 27.69 0.90 0.82 Mar 0.81 12.01 17.60 28.29 0.90 1.22 Mexico Feb 0.16 5.26 2.20 7.33 0.00 0.28 Mar 0.16 5.26 2.20 7.33 0.00 0.28 Southeast Asia 5/ Feb 1.22 3.77 19.73 22.90 0.29 1.52 Mar 1.22 4.00 19.58 22.95 0.34 1.50 China Feb 0.79 81.58 0.05 80.55 1.00 0.87 Mar 0.79 83.16 0.05 81.65 1.20 1.15 ================================================================================ WASDE - 658 - 30 March 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 ================================================================================ 2022/23 World 2/ 5.14 60.71 10.89 59.45 11.75 5.54 World Less China 4.76 42.47 10.50 41.55 11.64 4.53 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 4.24 48.81 10.72 47.38 11.58 4.81 Major Exporters 3/ 2.05 19.94 0.67 12.56 8.26 1.84 Argentina 0.53 5.99 0.00 1.71 4.14 0.67 Brazil 0.95 10.58 0.03 8.38 2.69 0.49 European Union 0.56 2.72 0.64 2.41 0.92 0.60 Major Importers 4/ 0.83 21.13 6.28 26.24 0.19 1.82 China 0.39 18.24 0.40 17.90 0.11 1.01 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.24 1.95 0.07 0.20 2023/24 Est. World 2/ 5.54 63.87 10.55 61.89 11.84 6.23 World Less China 4.53 45.06 10.17 42.99 11.74 5.03 United States 0.73 12.29 0.28 12.32 0.28 0.70 Total Foreign 4.81 51.58 10.27 49.58 11.56 5.53 Major Exporters 3/ 1.84 21.52 0.68 13.87 8.04 2.13 Argentina 0.67 7.25 0.00 1.71 5.53 0.68 Brazil 0.49 10.94 0.08 9.45 1.35 0.71 European Union 0.60 2.76 0.59 2.63 0.66 0.66 Major Importers 4/ 1.82 22.14 5.34 26.88 0.26 2.16 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/ 0.20 0.93 1.08 1.87 0.14 0.19 2024/25 Proj. World 2/ Feb 5.40 66.37 12.13 65.94 12.85 5.11 Mar 6.23 68.11 12.77 67.55 13.48 6.08 World Less China Feb 4.66 47.91 11.63 47.04 12.75 4.41 Mar 5.03 48.16 12.27 47.05 13.38 5.03 United States Feb 0.68 13.01 0.25 12.52 0.73 0.69 Mar 0.70 13.01 0.25 12.45 0.82 0.69 Total Foreign Feb 4.72 53.36 11.88 53.42 12.12 4.42 Mar 5.53 55.10 12.52 55.10 12.66 5.39 Major Exporters 3/ Feb 1.78 22.80 0.70 15.02 8.85 1.41 Mar 2.13 23.06 0.70 14.82 9.30 1.76 Argentina Feb 0.33 8.13 0.01 2.36 5.80 0.30 Mar 0.68 8.38 0.01 2.16 6.25 0.65 Brazil Feb 0.71 11.20 0.04 9.93 1.55 0.48 Mar 0.71 11.20 0.04 9.93 1.55 0.48 European Union Feb 0.66 2.89 0.65 2.66 0.95 0.59 Mar 0.66 2.89 0.65 2.66 0.95 0.59 Major Importers 4/ Feb 1.71 21.93 6.20 28.12 0.21 1.52 Mar 2.16 23.38 6.80 29.98 0.21 2.16 China Feb 0.74 18.46 0.50 18.90 0.10 0.70 Mar 1.20 19.95 0.50 20.50 0.10 1.05 India Feb 0.75 1.98 3.80 6.00 0.02 0.51 Mar 0.75 1.98 4.40 6.32 0.02 0.80 North Africa 5/ Feb 0.19 1.10 1.25 2.20 0.08 0.27 Mar 0.19 1.05 1.25 2.14 0.08 0.28 ================================================================================ WASDE - 658 - 31 March 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 2023 Annual 26967 27302 54448 46387 5457 52431 106880 9150 226.3 2024 I 6560 7094 13699 11431 1269 12834 26533 2269 56.9 II 6766 6714 13523 11654 1306 13106 26629 2234 57.3 III 6780 6775 13597 12004 1282 13435 27032 2245 56.1 IV 6883 7207 14133 11905 1264 13302 27435 2269 55.5 Feb Est. 26988 27790 54951 46988 5121 52669 107620 9027 225.9 Mar Est. 26988 27790 54951 46994 5121 52677 107629 9017 225.9 2025 I* 6535 7020 13596 11700 1200 13035 26631 2120 56.4 II* 6735 6875 13652 11850 1210 13200 26852 2175 57.7 III* 6715 7010 13767 12125 1240 13515 27282 2255 56.3 IV* 6700 7520 14263 12025 1275 13440 27703 2335 55.8 FebProj. 26565 28530 55266 47625 4970 53165 108431 8960 226.9 MarProj. 26685 28425 55277 47700 4925 53190 108467 8885 226.2 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2023 Annual 175.54 58.59 124.4 140.1 192.4 20.34 2024 I 181.03 54.97 128.0 92.1 258.5 20.47 II 188.42 65.53 132.1 95.7 227.1 21.77 III 189.26 63.71 127.4 93.3 317.2 23.97 IV 189.75 62.03 130.0 93.6 409.5 24.23 Feb Est. 187.12 61.56 129.4 93.7 303.1 22.61 Mar Est. 187.12 61.56 129.4 93.7 303.1 22.61 2025 I* 202.00 62.00 130.0 89.0 700.0 23.30 II* 198.00 65.00 133.0 95.0 390.0 20.70 III* 198.00 68.00 131.0 97.0 290.0 20.40 IV* 200.00 56.00 131.0 101.0 315.0 21.90 FebProj. 201.0 64.0 132.0 97.0 444.0 22.60 MarProj. 200.0 63.0 131.0 96.0 424.0 21.60 ================================================================================ WASDE - 658 - 32 March 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 2023 723 27034 3725 31482 3038 638 27807 57.7 2024 Est. Feb 638 27055 4635 32328 3003 607 28717 59.7 Mar 638 27055 4635 32328 3003 602 28722 59.1 2025 Proj. Feb 607 26632 4770 32009 2795 590 28624 59.1 Mar 602 26752 4875 32229 2820 585 28824 58.9 Pork 2023 504 27318 1142 28965 6824 471 21670 49.9 2024 Est. Feb 471 27805 1148 29424 7115 440 21869 50.4 Mar 471 27805 1148 29424 7115 435 21873 49.9 2025 Proj. Feb 440 28545 1170 30156 7295 430 22431 51.4 Mar 435 28440 1115 29991 7220 425 22346 50.7 TotalRed Meat5/ 2023 1256 54540 5152 60948 9867 1130 49950 108.9 2024 Est. Feb 1130 55043 6148 62321 10123 1068 51130 111.4 Mar 1130 55043 6148 62321 10123 1058 51139 110.4 2025 Proj. Feb 1068 55357 6305 62730 10095 1041 51594 111.9 Mar 1058 55369 6355 62782 10045 1031 51706 111.0 Broiler 2023 892 45890 131 46914 7260 835 38819 98.9 2024 Est. Feb 835 46485 150 47470 6724 763 39983 101.9 Mar 835 46491 150 47475 6724 761 39990 101.0 2025 Proj. Feb 763 47115 140 48018 6605 760 40653 103.1 Mar 761 47190 140 48091 6530 760 40801 102.4 Turkey 2023 190 5457 35 5682 490 243 4949 14.7 2024 Est. Feb 243 5121 37 5401 486 220 4694 13.9 Mar 243 5121 37 5401 486 219 4696 13.8 2025 Proj. Feb 220 4970 40 5230 465 210 4555 13.4 Mar 219 4925 27 5171 440 200 4531 13.2 Total Poultry6/ 2023 1087 51934 170 53192 7770 1085 44337 115.3 2024 Est. Feb 1085 52165 190 53441 7231 988 45222 117.5 Mar 1085 52174 190 53449 7231 985 45234 116.4 2025 Proj. Feb 988 52655 184 53826 7084 976 45766 118.2 Mar 985 52679 171 53834 6986 966 45883 117.2 RedMeat& Poultry 2023 2343 106474 5322 114140 17637 2215 94287 224.1 2024 Est. Feb 2215 107208 6338 115762 17354 2056 96352 228.9 Mar 2215 107217 6338 115770 17354 2043 96373 226.8 2025 Proj. Feb 2056 108012 6489 116557 17179 2017 97361 230.1 Mar 2043 108048 6526 116616 17031 1997 97589 228.2 ================================================================================ WASDE - 658 - 33 March 2025 U.S. Egg Supply and Use ================================================================================ 2022 2023 2024 Est. 2024 Est. 2025Proj. 2025Proj. Commodity Feb Mar Feb Mar ================================================================================ Million Dozen Eggs Supply BeginningStocks 19.1 18.8 23.1 23.1 14.3 14.2 Production 9116.8 9150.3 9027.3 9016.6 8960.0 8885.0 Imports 26.0 27.5 29.8 30.1 32.0 67.0 Total Supply 9161.9 9196.5 9080.2 9069.8 9006.3 8966.2 Use Exports 226.6 250.5 234.4 234.4 209.0 186.0 Hatching Use 1117.3 1112.5 1144.1 1144.3 1135.0 1160.0 Ending Stocks 18.8 23.1 14.3 14.2 20.0 19.0 Disappearance Total 7799.3 7810.5 7687.5 7676.9 7642.3 7601.2 Per Capita (number) 279.9 278.0 273.8 270.8 270.7 266.5 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2022 2023 2024 Est. 2024 Est. 2025Proj. 2025Proj. Commodity Feb Mar Feb Mar ================================================================================ Billion Pounds Milk Production 226.4 226.3 225.9 225.9 226.9 226.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 14.3 14.4 13.8 13.8 13.2 13.1 Marketings 225.4 225.3 224.9 224.9 225.9 225.2 Imports 7.1 7.4 9.1 9.1 8.9 8.9 Total Supply 246.8 247.1 247.8 247.8 248.0 247.2 FatBasisUse Exports 12.8 10.5 11.8 11.8 11.8 11.7 Ending Stocks 14.4 13.8 13.2 13.1 13.2 12.4 Domestic Use 219.6 222.8 222.7 222.9 223.0 223.1 Skim-solidBasisSupply BeginningStocks 11.1 11.7 9.9 9.9 10.0 10.0 Marketings 225.4 225.3 224.9 224.9 225.9 225.2 Imports 6.7 6.3 6.8 6.8 7.2 7.0 Total Supply 243.2 243.3 241.6 241.6 243.0 242.3 Skim-solidBasisUse Exports 52.9 49.9 48.8 48.8 48.7 47.5 Ending Stocks 11.7 9.9 10.0 10.0 10.3 10.5 Domestic Use 178.7 183.5 182.8 182.8 184.0 184.3 ================================================================================ WASDE - 658 - 34 March 2025 U.S. Dairy Prices ================================================================================ Commod- 2022 2023 2024 Est. 2024 Est. 2025 Proj. 2025 Proj. ity Feb Mar Feb Mar ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 2.1122 1.7593 1.8634 1.8634 1.880 1.810 Butter 2.8665 2.6170 2.8870 2.8870 2.645 2.515 Nonfat Dry Milk 1.6851 1.1856 1.2420 1.2420 1.295 1.255 Dry Whey 0.6057 0.3618 0.4913 0.4913 0.605 0.525 Milk Prices 2/ Dollars Per Cwt ClassIII 21.96 17.02 18.89 18.89 19.10 17.95 Class IV 24.47 19.12 20.75 20.75 19.70 18.80 All Milk 3/ 25.34 20.34 22.61 22.61 22.60 21.60 ================================================================================ WASDE - 658 - 35 March 2025 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 0.5 0.9 2.4 0.0 8.0 32 11 U.S. 0.2 0.3 0.1 0.0 0.3 19 12 Foreign 0.6 1.0 2.3 0.1 8.0 32 11 Exports World 4.2 7.0 4.5 0.0 17.0 35 8 U.S. 3.0 5.1 0.7 0.0 2.4 22 20 Foreign 5.1 8.5 4.3 0.1 16.0 33 10 Domestic Use World 0.9 1.5 4.3 0.2 12.2 18 25 U.S. 3.7 6.2 0.9 0.0 2.4 15 28 Foreign 0.9 1.5 4.1 0.1 11.5 23 20 Ending Stocks World 4.1 6.8 5.7 0.2 14.1 30 13 U.S. 7.8 13.1 1.1 0.0 4.5 28 15 Foreign 4.3 7.3 5.0 0.0 13.5 29 13 COARSE GRAINS 2/ Production World 1.2 2.0 10.3 0.5 35.1 35 8 U.S. 0.2 0.3 0.2 0.0 1.8 17 12 Foreign 1.6 2.8 10.4 0.5 35.1 35 8 Exports World 5.0 8.4 5.3 0.0 24.2 29 14 U.S. 8.2 13.8 3.4 0.0 9.1 21 22 Foreign 8.1 13.7 5.3 0.1 21.5 28 15 Domestic Use World 0.9 1.6 7.1 0.1 24.2 25 18 U.S. 2.8 4.7 4.0 0.2 17.3 17 26 Foreign 1.1 1.8 6.9 0.4 24.6 28 15 Ending Stocks World 9.9 16.7 13.2 0.6 143.8 37 6 U.S. 13.4 22.6 4.6 0.1 15.3 24 19 Foreign 12.2 20.5 11.3 0.5 142.1 39 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 32 11 U.S. 1.2 2.0 0.0 0.0 0.2 11 6 Foreign 1.3 2.2 3.5 0.1 13.8 32 11 Exports World 7.9 13.2 1.6 0.1 5.3 33 10 U.S. 7.2 12.0 0.2 0.0 0.5 21 19 Foreign 8.8 14.7 1.6 0.1 4.9 32 11 Domestic Use World 1.1 1.9 3.3 0.2 13.9 29 14 U.S. 6.9 11.6 0.2 0.0 0.5 17 25 Foreign 1.1 1.9 3.2 0.2 13.5 29 14 Ending Stocks World 8.3 13.9 5.0 0.5 25.8 30 13 U.S. 18.2 30.6 0.2 0.0 0.4 22 19 Foreign 8.6 14.4 5.1 0.3 25.7 30 13 ================================================================================ WASDE - 658 - 36 March 2025 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 2.1 3.6 3.3 0.1 12.4 22 21 U.S. 1.3 2.2 0.7 0.0 3.2 18 18 Foreign 3.5 5.9 3.2 0.1 12.6 23 20 Exports World 5.4 9.1 3.0 0.0 12.8 28 14 U.S. 6.3 10.6 1.7 0.1 6.7 29 14 Foreign 13.9 23.3 2.8 0.1 16.8 21 22 Domestic Use World 2.0 3.4 3.1 0.0 11.4 21 22 U.S. 2.9 4.8 1.1 0.0 3.0 26 16 Foreign 2.4 4.0 2.6 0.1 12.8 20 23 Ending Stocks World 12.7 21.3 4.0 0.1 16.4 23 20 U.S. 38.8 65.3 1.9 0.1 7.2 14 29 Foreign 13.6 22.8 3.6 0.1 17.1 28 15 COTTON Production World 1.8 3.0 1.3 0.0 5.2 26 15 U.S. 0.9 1.6 0.1 0.0 0.3 14 28 Foreign 2.1 3.6 1.3 0.0 5.3 26 16 Exports World 5.2 8.8 1.4 0.0 6.5 23 19 U.S. 6.4 10.8 0.5 0.0 1.7 19 23 Foreign 6.9 11.6 1.2 0.0 5.8 25 18 Domestic Use World 3.3 5.5 2.0 0.0 16.1 22 21 U.S. 7.1 12.0 0.2 0.0 0.9 21 19 Foreign 4.0 6.8 2.1 0.1 15.3 23 20 Ending Stocks World 8.8 14.8 3.8 0.2 16.2 25 18 U.S. 17.8 29.9 0.6 0.0 2.2 16 27 Foreign 9.5 15.9 3.6 0.0 14.0 27 16 ================================================================================ WASDE - 658 - 37 March 2025 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 6 0 72 1 7 Exports 8.4 14.2 124 13 310 20 23 Domestic Use 2.7 4.6 139 9 474 18 25 Ending Stocks 15.0 25.2 179 3 713 25 18 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.1 23.7 25 0 90 26 15 Domestic Use 15.1 25.5 29 1 178 17 26 Ending Stocks 40.2 67.7 22 1 148 17 26 BARLEY Production 0.9 1.6 1 0 11 22 4 Exports 29.3 49.3 5 0 20 15 24 Domestic Use 7.1 11.9 14 0 70 19 22 Ending Stocks 14.4 24.2 13 1 53 26 17 OATS Production 0.4 0.7 0 0 2 5 4 Exports 32.9 55.4 0 0 3 7 6 Domestic Use 5.2 8.7 10 0 36 15 27 Ending Stocks 16.4 27.7 10 0 47 25 16 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.8 863 46 2917 29 14 Exports 8.5 14.4 601 1 2426 34 9 Domestic Use 2.4 4.1 578 41 2066 28 15 Ending Stocks 33.4 56.3 65 0 253 18 23 Million Pounds SOYBEAN OIL Production 2.8 4.7 399 7 1173 31 12 Exports 21.6 36.4 274 0 877 26 16 Domestic Use 2.3 3.9 310 9 760 27 16 Ending Stocks 17.5 29.4 252 17 721 24 19 ANIMAL PROD. 3/ Million Pounds Beef 2.5 4.3 535 77 1613 27 15 Pork 2.8 4.7 356 5 1667 23 19 Broilers 1.6 2.6 367 16 1501 24 18 Turkeys 3.1 5.2 128 3 447 18 24 Million Dozen Eggs 1.9 3.2 105 3 534 23 19 Billion Pounds Milk 1.3 2.1 1.6 0.1 5.2 23 19 ================================================================================