WASDE - 674 - 8 August 2026 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/ 2024/25 2857.55 3652.77 499.91 2875.91 776.86 2025/26 (Est.) 3016.88 3793.74 557.68 2984.82 808.92 2026/27 (Proj.) Jul 2949.10 3756.19 528.24 2984.57 771.62 Aug 2949.58 3758.50 527.82 2985.97 772.53 Wheat 2024/25 799.10 1069.22 210.54 808.75 260.48 2025/26 (Est.) 843.35 1103.83 227.40 823.61 280.22 2026/27 (Proj.) Jul 819.97 1099.01 213.05 826.16 272.84 Aug 819.30 1099.52 212.71 826.27 273.25 Coarse Grains 5/ 2024/25 1516.16 1861.47 227.90 1536.34 325.13 2025/26 (Est.) 1628.02 1953.15 269.95 1622.62 330.53 2026/27 (Proj.) Jul 1591.95 1921.81 252.41 1615.61 306.20 Aug 1593.01 1923.54 252.34 1616.90 306.65 Rice, milled 2024/25 542.30 722.08 61.46 530.83 191.25 2025/26 (Est.) 545.51 736.76 60.32 538.59 198.17 2026/27 (Proj.) Jul 537.18 735.38 62.78 542.80 192.58 Aug 537.27 735.43 62.78 542.80 192.63 United States Total Grains 4/ 2024/25 452.42 528.34 101.10 359.89 67.34 2025/26 (Est.) 508.41 582.76 119.27 384.48 79.02 2026/27 (Proj.) Jul 467.06 555.57 110.29 376.38 68.90 Aug 465.30 551.96 111.31 375.63 65.03 Wheat 2024/25 53.85 76.88 22.56 31.06 23.26 2025/26 (Est.) 54.01 80.67 24.71 30.92 25.04 2026/27 (Proj.) Jul 41.81 70.67 21.09 29.91 19.66 Aug 41.66 70.51 21.09 29.91 19.51 Coarse Grains 5/ 2024/25 391.51 441.58 75.68 323.53 42.37 2025/26 (Est.) 447.83 492.45 91.99 348.19 52.27 2026/27 (Proj.) Jul 420.38 476.81 86.72 341.83 48.26 Aug 418.61 473.14 87.74 341.02 44.38 Rice, milled 2024/25 7.05 9.88 2.87 5.31 1.71 2025/26 (Est.) 6.56 9.65 2.57 5.37 1.71 2026/27 (Proj.) Jul 4.87 8.09 2.48 4.64 0.98 Aug 5.03 8.32 2.48 4.70 1.14 ================================================================================ WASDE - 674 - 9 August 2026 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/ 2024/25 2405.14 3124.43 398.80 2516.02 709.52 2025/26 (Est.) 2508.48 3210.97 438.41 2600.34 729.90 2026/27 (Proj.) Jul 2482.04 3200.62 417.95 2608.19 702.73 Aug 2484.28 3206.54 416.52 2610.35 707.50 Wheat 2024/25 745.25 992.35 187.99 777.69 237.21 2025/26 (Est.) 789.34 1023.16 202.70 792.69 255.18 2026/27 (Proj.) Jul 778.16 1028.34 191.96 796.25 253.18 Aug 777.65 1029.01 191.62 796.36 253.75 Coarse Grains 5/ 2024/25 1124.65 1419.89 152.22 1212.81 282.76 2025/26 (Est.) 1180.19 1460.70 177.96 1274.43 278.26 2026/27 (Proj.) Jul 1171.57 1445.00 165.69 1273.78 257.94 Aug 1174.40 1450.41 164.60 1275.88 262.26 Rice, milled 2024/25 535.24 712.20 58.59 525.52 189.54 2025/26 (Est.) 538.94 727.11 57.75 533.23 196.46 2026/27 (Proj.) Jul 532.31 727.28 60.30 538.16 191.60 Aug 532.24 727.12 60.30 538.10 191.49 ================================================================================ 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 2024/25 119.53 193.08 42.43 119.11 74.80 2025/26 (Est.) 121.97 196.77 45.56 120.89 74.80 2026/27 (Proj.) Jul 117.26 192.98 43.34 121.95 71.22 Aug 117.63 192.44 43.82 122.92 69.69 United States 2024/25 14.41 17.56 11.90 1.70 4.00 2025/26 (Est.) 13.90 17.90 12.20 1.55 4.20 2026/27 (Proj.) Jul 13.70 17.91 12.30 1.60 4.10 Aug 13.61 17.81 12.30 1.60 4.00 Foreign 4/ 2024/25 105.12 175.52 30.53 117.41 70.80 2025/26 (Est.) 108.07 178.87 33.36 119.34 70.60 2026/27 (Proj.) Jul 103.56 175.08 31.04 120.35 67.12 Aug 104.02 174.62 31.52 121.32 65.69 ================================================================================ WASDE - 674 - 10 August 2026 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 2024/25 686.96 823.08 213.33 568.95 144.36 2025/26 (Est.) 700.61 844.99 216.68 590.51 145.71 2026/27 (Proj.) Jul 719.97 865.96 218.52 608.54 146.31 Aug 721.02 866.67 218.63 609.54 146.29 Oilmeals 2024/25 392.51 411.47 114.21 382.54 22.50 2025/26 (Est.) 407.66 430.15 118.43 402.51 24.03 2026/27 (Proj.) Jul 413.73 437.67 119.03 406.84 25.34 Aug 414.53 438.29 120.27 408.20 24.61 Vegetable Oils 2024/25 230.83 261.60 88.48 224.06 30.07 2025/26 (Est.) 238.75 268.82 89.02 231.20 30.82 2026/27 (Proj.) Jul 244.67 275.43 92.00 238.07 31.04 Aug 244.95 275.77 91.65 238.61 30.76 United States Oilseeds 2024/25 128.60 140.71 52.56 70.43 10.23 2025/26 (Est.) 126.17 137.58 42.60 76.13 10.92 2026/27 (Proj.) Jul 131.58 143.74 46.42 79.07 10.09 Aug 132.67 144.75 46.42 79.84 10.37 Oilmeals 2024/25 55.27 60.70 16.60 43.65 0.45 2025/26 (Est.) 59.75 65.59 18.81 46.29 0.50 2026/27 (Proj.) Jul 61.19 66.91 20.06 46.36 0.49 Aug 61.91 67.65 20.69 46.47 0.49 Vegetable Oils 2024/25 14.49 21.45 1.27 19.07 1.10 2025/26 (Est.) 15.40 22.56 0.60 20.80 1.16 2026/27 (Proj.) Jul 16.24 24.84 0.32 23.34 1.18 Aug 16.39 24.89 0.32 23.39 1.18 Foreign 3/ Oilseeds 2024/25 558.36 682.37 160.78 498.52 134.13 2025/26 (Est.) 574.44 707.41 174.08 514.38 134.79 2026/27 (Proj.) Jul 588.40 722.22 172.10 529.47 136.22 Aug 588.35 721.92 172.21 529.71 135.92 Oilmeals 2024/25 337.25 350.77 97.61 338.89 22.05 2025/26 (Est.) 347.90 364.56 99.62 356.22 23.53 2026/27 (Proj.) Jul 352.54 370.76 98.97 360.48 24.85 Aug 352.62 370.63 99.58 361.72 24.12 Vegetable Oils 2024/25 216.34 240.15 87.21 204.98 28.97 2025/26 (Est.) 223.35 246.26 88.42 210.40 29.66 2026/27 (Proj.) Jul 228.43 250.59 91.68 214.74 29.87 Aug 228.56 250.87 91.33 215.22 29.59 ================================================================================ WASDE - 674 - 11 August 2026 U.S. Wheat Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Acres Area Planted 46.3 45.3 42.7 42.7 Area Harvested 38.6 37.2 32.1 32.1 Bushels Yield per Harvested Acre 51.2 53.3 47.9 47.8 Million Bushels Beginning Stocks 696 855 920 920 Production 1979 1985 1536 1531 Imports 150 125 140 140 Supply, Total 2825 2964 2596 2591 Food 969 959 960 960 Seed 61 58 59 59 Feed and Residual 111 119 80 80 Domestic, Total 1141 1136 1099 1099 Exports 829 908 775 775 Use, Total 1970 2044 1874 1874 Ending Stocks 855 920 722 717 Avg.FarmPrice ($/bu) 2/ 5.52 5.06 6.00 6.20 ================================================================================ 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 2025/26 (Est.) Beginning Stocks 402 218 127 80 28 855 Production 804 458 353 283 86 1985 Imports 5 61 4 7 48 125 Supply, Total 3/ 1212 737 483 370 162 2964 Food 382 255 152 83 87 959 Seed 25 14 11 6 3 58 Feed and Residual 47 4 67 -4 6 119 Domestic Use 454 272 230 84 96 1136 Exports 321 233 122 199 33 908 Use, Total 775 505 351 284 129 2044 Ending Stocks, Total 437 232 132 86 33 920 2026/27 (Proj.) Beginning Stocks 437 232 132 86 33 920 Production 463 434 287 280 66 1531 Imports 20 65 5 5 45 140 Supply, Total 3/ 919 731 424 371 145 2591 Food 370 267 154 83 86 960 Seed 25 14 11 6 3 59 Feed and Residual 10 10 60 -5 5 80 Domestic Use 405 291 225 84 94 1099 Exports 210 240 100 200 25 775 Use, Total 615 531 325 284 119 1874 Ending Stocks, Total Aug 304 200 99 88 26 717 Jul 308 201 101 82 30 722 ================================================================================ WASDE - 674 - 12 August 2026 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Acres FEED GRAINS Area Planted 101.8 110.1 106.5* 107.8 Area Harvested 91.4 100.0 95.7* 96.7 Metric Tons Yield per Harvested Acre 4.28 4.48 4.39 4.33 Million Metric Tons Beginning Stocks 47.9 42.3 54.2 52.2 Production 391.1 447.5 420.1 418.3 Imports 2.0 2.1 2.1 2.1 Supply, Total 441.0 491.9 476.3 472.6 Feed and Residual 143.6 165.6 158.3 158.1 Food, Seed & Industrial 179.4 182.1 183.0 182.4 Domestic, Total 322.9 347.7 341.3 340.5 Exports 75.7 92.0 86.7 87.7 Use, Total 398.6 439.7 428.1 428.3 Ending Stocks 42.3 52.2 48.2 44.4 Million Acres CORN Area Planted 90.9 98.8 95.3* 96.7 Area Harvested 83.0 91.3 87.4* 88.6 Bushels Yield per Harvested Acre 179.3 186.5 183.0* 180.7 Million Bushels Beginning Stocks 1763 1551 2020 1945 Production 14892 17021 16000 16013 Imports 22 28 25 25 Supply, Total 16677 18600 18045 17983 Feed and Residual 5438 6350 6100 6100 Food,Seed& Industrial 2/ 6815 6905 6955 6955 Ethanol & by-products 3/ 5436 5550 5600 5600 Domestic, Total 12253 13255 13055 13055 Exports 2873 3400 3200 3275 Use, Total 15126 16655 16255 16330 Ending Stocks 1551 1945 1790 1653 Avg.FarmPrice ($/bu) 4/ 4.24 4.15 4.40 4.50 ================================================================================ WASDE - 674 - 13 August 2026 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 6.6 6.3* 6.1 AreaHarvested(mil.acres) 5.6 6.0 5.5* 5.4 Yield (bushels/acre) 61.3 72.6 69.3* 55.4 Beginning Stocks 33 40 37 37 Production 344 437 380 296 Imports 0 0 0 0 Supply, Total 377 477 417 333 Feed and Residual 140 110 70 60 Food, Seed & Industrial 98 120 105 80 Total Domestic 238 230 175 140 Exports 98 210 205 170 Use, Total 336 440 380 310 Ending Stocks 40 37 37 23 Avg.FarmPrice ($/bu) 2/ 4.07 3.55 4.10 4.30 BARLEY AreaPlanted (mil. acres) 2.4 2.3 2.4* 2.3 AreaHarvested(mil.acres) 1.9 1.8 1.9* 1.8 Yield (bushels/acre) 76.6 80.0 75.9* 78.8 Beginning Stocks 78 69 66 66 Production 144 141 142 140 Imports 9 7 8 8 Supply, Total 232 217 217 214 Feed and Residual 36 25 30 30 Food, Seed & Industrial 118 115 115 115 Total Domestic 154 140 145 145 Exports 9 11 9 9 Use, Total 162 151 154 154 Ending Stocks 69 66 63 60 Avg.FarmPrice ($/bu) 2/ 6.31 5.46 5.60 5.60 OATS AreaPlanted (mil. acres) 2.2 2.4 2.4* 2.7 AreaHarvested(mil.acres) 0.9 0.9 0.9* 0.9 Yield (bushels/acre) 76.4 73.8 72.1* 72.0 Beginning Stocks 36 28 32 32 Production 68 70 63 68 Imports 71 71 72 72 Supply, Total 176 169 167 172 Feed and Residual 64 51 50 55 Food, Seed & Industrial 81 82 83 83 Total Domestic 145 133 133 138 Exports 2 4 2 2 Use, Total 147 137 135 140 Ending Stocks 28 32 32 32 Avg.FarmPrice ($/bu) 2/ 3.35 3.23 3.35 3.35 ================================================================================ WASDE - 674 - 14 August 2026 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Acres TOTAL RICE Area Planted 2.92 2.81 2.02* 2.11 Area Harvested 2.87 2.74 1.98* 2.07 Pounds Yield per Harvested Acre 7753 7544 7746* 7644 Million Hundredweight Beginning Stocks 2/ 39.8 53.9 51.8 53.8 Production 222.6 206.7 153.3 158.4 Imports 49.3 43.2 49.8 49.8 Supply, Total 311.7 303.8 254.9 262.0 Domestic & Residual 3/ 167.5 169.0 146.0 148.0 Exports, Total 4/ 90.3 81.0 78.0 78.0 Rough 28.8 21.5 19.0 19.0 Milled (rough equiv.) 61.5 59.5 59.0 59.0 Use, Total 257.8 250.0 224.0 226.0 Ending Stocks 53.9 53.8 30.9 36.0 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 15.10 12.50 14.90 14.90 LONG GRAIN RICE Harvested Acres (mil.) 2.26 2.08 Yield (pounds/acre) 7626 7359 Beginning Stocks 19.3 37.3 36.6 37.6 Imports 42.7 37.0 43.0 43.0 Production 172.0 153.3 104.1 106.7 Supply, Total 7/ 234.0 227.6 183.7 187.3 Domestic & Residual 3/ 136.0 137.0 116.0 117.0 Exports 8/ 60.7 53.0 50.0 50.0 Use, Total 196.7 190.0 166.0 167.0 Ending Stocks 37.3 37.6 17.7 20.3 Avg.FarmPrice($/cwt) 6/ 14.00 10.40 13.50 13.50 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.62 0.66 Yield (pounds/acre) 8219 8130 Beginning Stocks 18.9 13.7 12.4 13.4 Imports 6.5 6.2 6.8 6.8 Production 50.6 53.4 49.2 51.7 Supply, Total 7/ 74.9 73.4 68.4 71.8 Domestic & Residual 3/ 31.5 32.0 30.0 31.0 Exports 8/ 29.6 28.0 28.0 28.0 Use, Total 61.1 60.0 58.0 59.0 Ending Stocks 13.7 13.4 10.4 12.8 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.50 18.70 18.70 California 10/ 18.70 20.20 20.50 20.50 Other States 1/ 15.00 14.90 15.00 15.00 ================================================================================ WASDE - 674 - 15 August 2026 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Acres SOYBEANS Area Planted 87.3 81.2 85.4* 86.8 Area Harvested 86.2 80.4 84.4* 85.8 Bushels Yield per Harvested Acre 50.7 53.0 53.0* 52.7 Million Bushels Beginning Stocks 342 325 330 325 Production 4374 4262 4475 4519 Imports 30 25 25 25 Supply, Total 4746 4612 4830 4869 Crushings 2445 2655 2750 2780 Exports 1892 1520 1660 1660 Seed 70 75 72 73 Residual 14 37 38 37 Use, Total 4421 4287 4520 4549 Ending Stocks 325 325 310 320 Avg.FarmPrice ($/bu) 2/ 10.00 10.40 11.40 11.40 Million Pounds SOYBEAN OIL Beginning Stocks 1551 1747 1837 1837 Production 4/ 29218 30970 32590 32945 Imports 362 400 600 600 Supply, Total 31131 33117 35027 35382 Domestic Disappearance 26912 30305 32750 33105 Biofuel 3/ 11758 14700 17800 17800 Food, Feed & other Industrial 15154 15605 14950 15305 Exports 2472 975 400 400 Use, Total 29384 31280 33150 33505 Ending stocks 1747 1837 1877 1877 Avg. Price (c/lb) 2/ 47.59 64.00 70.00 70.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 453 398 450 450 Production 4/ 58443 63302 64985 65800 Imports 806 900 840 875 Supply, Total 59703 64600 66275 67125 Domestic Disappearance 41232 43650 43825 43975 Exports 18073 20500 22000 22700 Use, Total 59305 64150 65825 66675 Ending Stocks 398 450 450 450 Avg. Price ($/s.t.) 2/ 299.77 320.00 310.00 310.00 ================================================================================ WASDE - 674 - 16 August 2026 U.S. Sugar Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2141 2376 1686 1904 Production 2/ 9397 9257 9004 8950 Beet Sugar 5370 5068 4821 4791 Cane Sugar 4027 4189 4182 4159 Florida 1932 1957 2016 1893 Louisiana 2095 2232 2166 2266 Texas 0 0 0 0 Imports 3393 2843 3579 3582 TRQ 3/ 1534 1316 1422 1419 Other Program 4/ 373 325 300 300 Non-program 1485 1202 1856 1863 Mexico 504 220 1346 1346 High-tier tariff/other 980 982 510 517 Total Supply 14931 14476 14268 14436 Exports 111 25 25 25 Deliveries 12485 12546 12546 12546 Food 12375 12441 12441 12441 Other 5/ 111 105 105 105 Miscellaneous -41 0 0 0 Total Use 12555 12571 12571 12571 Ending Stocks 2376 1904 1697 1865 Stocks to Use Ratio 18.9 15.1 13.5 14.8 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2025/26 Est. Jul 1123 5310 42 4241 1040 1195 Aug 1123 5325 42 4250 981 1259 2026/27 Proj. Jul 1195 5377 28 4226 1292 1082 Aug 1259 5377 28 4226 1357 1082 ================================================================================ WASDE - 674 - 17 August 2026 U.S. Cotton Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Jul Aug ================================================================================ Million Acres Planted 11.18 9.28 9.85* 10.47** Harvested 7.76 7.83 7.54* 8.19** Pounds Yield per Harvested Acre 892 852 872* 798** Million 480 Pound Bales Beginning Stocks 3.15 4.00 4.20 4.20 Production 14.41 13.90 13.70 13.61 Imports 0.00 0.01 0.01 0.01 Supply, Total 17.56 17.90 17.91 17.81 Domestic Use 1.70 1.55 1.60 1.60 Exports, Total 11.90 12.20 12.30 12.30 Use, Total 13.60 13.75 13.90 13.90 Unaccounted 2/ -0.04 -0.05 -0.10 -0.09 Ending Stocks 4.00 4.20 4.10 4.00 Avg. Farm Price 3/ 63.2 61.5 73.0 75.0 ================================================================================ WASDE - 674 - 18 August 2026 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 World 3/ 270.12 799.10 201.25 157.17 808.75 210.54 260.48 World Less China 135.60 659.00 197.08 124.17 658.75 209.53 132.70 United States 18.95 53.85 4.07 3.02 31.06 22.56 23.26 Total Foreign 251.17 745.25 197.18 154.16 777.69 187.99 237.21 Major Exporters 4/ 41.36 314.61 11.93 73.96 181.06 152.99 33.85 Argentina 4.54 18.51 0.01 0.25 7.15 13.31 2.60 Australia 2.41 34.11 0.22 5.60 9.10 23.65 3.99 Canada 5.29 35.94 0.61 3.01 8.31 29.35 4.18 European Union 5/ 15.92 121.06 10.72 44.50 108.00 27.92 11.77 Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59 Ukraine 1.51 23.40 0.07 3.60 8.50 15.75 0.73 Major Importers 6/ 177.61 211.37 121.00 51.60 327.23 16.27 166.48 Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78 Brazil 1.69 7.89 7.20 0.70 12.20 1.89 2.68 China 134.52 140.10 4.17 33.00 150.00 1.02 127.78 Japan 1.09 1.07 5.57 0.73 6.28 0.34 1.12 N. Africa 7/ 11.54 15.84 31.68 1.35 46.15 2.51 10.39 Nigeria 0.45 0.13 6.31 0.00 5.90 0.38 0.60 Sel. Mideast 8/ 12.53 23.56 17.59 2.99 40.51 0.68 12.48 Southeast Asia 9/ 4.56 0.00 29.17 9.40 28.26 1.45 4.03 Selected Other India 7.50 113.29 0.16 6.00 108.96 0.19 11.80 Kazakhstan 3.45 18.58 0.50 3.90 9.00 10.19 3.33 United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69 2025/26 Est. World 3/ 260.48 843.35 221.32 168.20 823.61 227.40 280.22 World Less China 132.70 703.28 215.86 135.20 673.61 226.30 158.02 United States 23.26 54.01 3.40 3.24 30.92 24.71 25.04 Total Foreign 237.21 789.34 217.92 164.96 792.69 202.70 255.18 Major Exporters 4/ 33.85 363.33 8.45 82.80 190.55 166.80 48.29 Argentina 2.60 27.89 0.02 0.50 7.60 19.10 3.80 Australia 3.99 35.99 0.23 7.00 10.60 24.50 5.11 Canada 4.18 39.96 0.63 3.50 8.85 29.60 6.31 European Union 5/ 11.77 145.11 7.20 50.00 113.50 31.50 19.08 Russia 10.59 90.30 0.30 18.00 41.20 48.00 11.99 Ukraine 0.73 24.10 0.08 3.80 8.80 14.10 2.00 Major Importers 6/ 166.48 205.53 138.54 53.22 332.81 15.21 162.53 Bangladesh 0.78 1.05 7.40 0.30 7.80 0.00 1.43 Brazil 2.68 7.87 6.40 0.75 12.41 1.84 2.71 China 127.78 140.07 5.46 33.00 150.00 1.10 122.20 Japan 1.12 1.06 5.71 0.78 6.36 0.32 1.22 N. Africa 7/ 10.39 17.42 35.57 1.75 48.00 1.91 13.47 Nigeria 0.60 0.13 5.70 0.00 5.80 0.40 0.23 Sel. Mideast 8/ 12.48 19.35 21.98 2.89 41.30 0.82 11.69 Southeast Asia 9/ 4.03 0.00 33.63 11.05 31.10 1.54 5.02 Selected Other India 11.80 117.95 0.13 6.00 107.84 0.24 21.80 Kazakhstan 3.33 19.33 1.40 4.40 9.55 11.50 3.00 United Kingdom 2.69 11.96 3.40 7.20 15.00 0.43 2.62 ================================================================================ WASDE - 674 - 19 August 2026 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 ================================================================================ 2026/27 Proj. World 3/ Jul 279.04 819.97 208.17 162.26 826.16 213.05 272.84 Aug 280.22 819.30 208.28 163.83 826.27 212.71 273.25 World Less China Jul 156.39 678.97 202.17 131.26 678.16 212.05 152.20 Aug 158.02 678.30 202.28 132.83 678.27 211.71 153.05 United States Jul 25.04 41.81 3.81 2.18 29.91 21.09 19.66 Aug 25.04 41.66 3.81 2.18 29.91 21.09 19.51 Total Foreign Jul 253.99 778.16 204.36 160.09 796.25 191.96 253.18 Aug 255.18 777.65 204.47 161.65 796.36 191.62 253.75 Major Exporters 4/ Jul 46.34 331.50 7.80 79.95 189.10 157.50 39.03 Aug 48.29 332.10 7.80 81.95 190.10 156.00 42.08 Argentina Jul 4.13 21.00 0.01 0.25 7.45 15.00 2.69 Aug 3.80 21.00 0.01 0.25 7.45 15.00 2.37 Australia Jul 5.61 28.00 0.24 5.00 8.65 22.00 3.19 Aug 5.11 28.00 0.24 5.00 8.65 22.00 2.69 Canada Jul 5.91 34.00 0.65 3.50 8.85 27.50 4.21 Aug 6.31 35.00 0.65 3.50 8.85 28.50 4.61 European Union 5/ Jul 16.58 136.00 6.50 49.00 113.75 31.00 14.33 Aug 19.08 134.20 6.50 51.00 114.75 31.00 14.03 Russia Jul 11.99 88.50 0.30 18.00 41.20 47.50 12.09 Aug 11.99 88.50 0.30 18.00 41.20 46.00 13.59 Ukraine Jul 2.13 24.00 0.10 4.20 9.20 14.50 2.53 Aug 2.00 25.40 0.10 4.20 9.20 13.50 4.80 Major Importers 6/ Jul 163.65 220.90 129.99 51.48 334.48 15.20 164.86 Aug 162.53 220.30 128.19 51.52 333.87 15.25 161.90 Bangladesh Jul 1.63 1.05 7.70 0.31 8.71 0.00 1.67 Aug 1.43 1.05 7.00 0.30 8.00 0.00 1.48 Brazil Jul 2.71 6.70 7.20 0.80 12.50 2.00 2.11 Aug 2.71 6.10 7.50 0.60 12.30 1.90 2.11 China Jul 122.65 141.00 6.00 31.00 148.00 1.00 120.65 Aug 122.20 141.00 6.00 31.00 148.00 1.00 120.20 Japan Jul 1.19 1.13 5.55 0.75 6.35 0.34 1.18 Aug 1.22 1.13 5.55 0.75 6.35 0.34 1.21 N. Africa 7/ Jul 13.50 23.10 29.60 1.98 49.18 2.45 14.58 Aug 13.47 23.10 29.10 1.98 49.13 2.45 14.10 Nigeria Jul 0.23 0.14 6.20 0.00 5.80 0.40 0.37 Aug 0.23 0.14 6.20 0.00 5.80 0.40 0.37 Sel. Mideast 8/ Jul 12.13 23.24 19.94 2.95 42.10 0.68 12.54 Aug 11.69 23.24 19.84 2.95 42.05 0.68 12.05 Southeast Asia 9/ Jul 5.06 0.00 31.70 10.30 30.85 1.44 4.47 Aug 5.02 0.00 31.40 10.50 31.20 1.59 3.63 India Jul 21.80 121.00 0.10 7.50 111.40 2.00 29.50 Aug 21.80 121.00 0.10 7.50 111.40 2.00 29.50 Kazakhstan Jul 3.00 15.00 0.70 2.50 7.68 9.00 2.03 Aug 3.00 16.00 0.70 2.50 7.68 10.00 2.03 United Kingdom Jul 2.69 13.50 2.50 7.50 15.50 0.60 2.59 Aug 2.62 12.00 3.60 7.20 15.20 0.50 2.52 ================================================================================ WASDE - 674 - 20 August 2026 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 ================================================================================ 2024/25 World 3/ 345.31 1516.16 225.98 942.33 1536.34 227.90 325.13 World Less China 131.85 1212.69 207.74 692.58 1194.26 227.90 132.04 United States 47.87 391.51 2.19 143.70 323.53 75.68 42.37 Total Foreign 297.44 1124.65 223.79 798.64 1212.81 152.22 282.76 Major Exporters 4/ 21.41 332.34 5.07 140.59 203.90 125.40 29.52 Argentina 3.60 57.46 0.01 15.07 21.28 33.79 5.99 Australia 1.83 17.70 0.00 4.80 6.67 11.37 1.48 Brazil 8.09 143.59 2.83 71.00 99.93 42.14 12.44 Canada 3.91 27.52 1.87 14.85 22.92 6.90 3.48 Russia 1.71 34.78 0.10 20.43 28.40 6.77 1.41 Ukraine 1.27 33.47 0.02 8.23 11.06 22.35 1.35 Major Importers 5/ 38.44 228.40 155.15 285.52 375.11 11.29 35.60 European Union 6/ 15.19 137.22 20.18 109.85 149.59 9.16 13.83 Japan 1.45 0.20 16.72 13.16 16.85 0.00 1.52 Mexico 6.28 28.27 27.06 32.55 55.48 0.03 6.11 N. Afr & Mideast 7/ 8.35 30.98 45.50 67.40 76.30 1.56 6.96 Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41 Southeast Asia 8/ 3.18 31.18 21.27 40.52 51.92 0.54 3.17 South Korea 2.06 0.16 11.56 9.30 11.64 0.00 2.15 Selected Other China 213.46 303.47 18.24 249.75 342.08 0.01 193.09 2025/26 Est. World 3/ 325.13 1628.02 245.09 994.23 1622.62 269.95 330.53 World Less China 132.04 1317.83 219.34 735.66 1271.72 269.93 152.43 United States 42.37 447.83 2.25 165.60 348.19 91.99 52.27 Total Foreign 282.76 1180.19 242.84 828.63 1274.43 177.96 278.26 Major Exporters 4/ 29.52 367.09 5.28 146.27 217.44 149.97 34.48 Argentina 5.99 72.42 0.01 16.48 22.87 50.00 5.55 Australia 1.48 21.25 0.00 4.31 6.19 14.71 1.84 Brazil 12.44 148.90 2.80 72.83 107.86 42.11 14.18 Canada 3.48 29.41 2.24 16.23 24.61 6.46 4.05 Russia 1.41 39.35 0.10 22.03 30.60 8.82 1.44 Ukraine 1.35 37.22 0.02 6.85 10.01 24.55 4.03 Major Importers 5/ 35.60 233.93 165.88 295.56 384.55 12.84 38.02 European Union 6/ 13.83 143.48 19.78 110.93 149.99 11.45 15.65 Japan 1.52 0.25 16.86 13.40 17.11 0.00 1.51 Mexico 6.11 28.79 28.16 33.42 56.60 0.03 6.43 N. Afr & Mideast 7/ 6.96 29.73 52.18 71.49 80.39 0.80 7.69 Saudi Arabia 1.41 0.27 9.87 9.83 10.17 0.00 1.39 Southeast Asia 8/ 3.17 31.15 22.69 42.43 53.63 0.56 2.81 South Korea 2.15 0.16 11.61 9.44 11.78 0.00 2.14 Selected Other China 193.09 310.19 25.75 258.58 350.90 0.03 178.10 ================================================================================ WASDE - 674 - 21 August 2026 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 ================================================================================ 2026/27 Proj. World 3/ Jul 329.86 1591.95 244.10 999.18 1615.61 252.41 306.20 Aug 330.53 1593.01 243.43 998.19 1616.90 252.34 306.65 World Less China Jul 151.76 1276.00 219.20 738.43 1262.54 252.39 140.35 Aug 152.43 1277.06 219.93 738.84 1265.22 252.31 140.80 United States Jul 54.18 420.38 2.25 158.34 341.83 86.72 48.26 Aug 52.27 418.61 2.25 158.16 341.02 87.74 44.38 Total Foreign Jul 275.68 1171.57 241.85 840.84 1273.78 165.69 257.94 Aug 278.26 1174.40 241.17 840.03 1275.88 164.60 262.26 Major Exporters 4/ Jul 33.23 351.50 5.27 147.24 218.40 140.74 30.87 Aug 34.48 357.42 5.27 149.46 222.86 139.85 34.47 Argentina Jul 5.43 64.22 0.01 15.03 21.57 43.40 4.68 Aug 5.55 64.22 0.01 15.03 21.57 43.40 4.81 Australia Jul 1.84 18.45 0.00 6.00 7.88 10.28 2.13 Aug 1.84 18.45 0.00 5.80 7.68 10.51 2.11 Brazil Jul 13.05 147.21 2.90 72.25 107.18 44.11 11.87 Aug 14.18 147.21 2.90 72.25 109.28 44.11 10.90 Canada Jul 3.95 29.44 2.14 16.19 24.37 7.28 3.89 Aug 4.05 30.65 2.14 16.67 25.00 7.78 4.07 Russia Jul 1.54 38.87 0.10 22.50 30.92 7.98 1.62 Aug 1.44 41.27 0.10 24.30 32.72 7.58 2.52 Ukraine Jul 4.03 36.28 0.01 7.74 11.11 25.48 3.73 Aug 4.03 38.59 0.01 7.88 11.24 24.27 7.13 Major Importers 5/ Jul 36.61 234.76 166.69 300.99 391.16 10.81 36.08 Aug 38.02 230.25 167.36 298.90 388.72 10.51 36.40 European Union 6/ Jul 14.59 135.44 23.45 110.24 149.71 9.56 14.20 Aug 15.65 130.63 24.42 108.35 147.27 9.26 14.16 Japan Jul 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Aug 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Mexico Jul 6.43 29.70 28.70 35.85 59.48 0.02 5.32 Aug 6.43 29.70 28.70 35.85 59.48 0.02 5.32 N. Afr & Mideast 7/ Jul 7.40 37.58 47.51 74.09 83.34 0.66 8.49 Aug 7.69 37.88 47.21 74.09 83.34 0.66 8.78 Saudi Arabia Jul 1.39 0.27 9.01 8.96 9.30 0.00 1.36 Aug 1.39 0.27 9.01 8.96 9.30 0.00 1.36 Southeast Asia 8/ Jul 2.75 31.25 25.03 44.68 55.88 0.57 2.59 Aug 2.81 31.25 25.03 44.48 55.88 0.57 2.65 South Korea Jul 2.14 0.16 11.61 9.39 11.73 0.00 2.18 Aug 2.14 0.16 11.61 9.39 11.73 0.00 2.18 China Jul 178.10 315.95 24.90 260.75 353.08 0.03 165.85 Aug 178.10 315.95 23.50 259.35 351.68 0.03 165.85 ================================================================================ WASDE - 674 - 22 August 2026 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2024/25 World 3/ 313.84 1234.06 186.25 783.65 1251.20 187.58 296.70 World Less China 102.65 939.14 184.43 549.65 935.20 187.58 104.77 United States 44.79 378.27 0.55 138.12 311.24 72.97 39.40 Total Foreign 269.05 855.79 185.70 645.53 939.96 114.62 257.30 Major Exporters 4/ 11.77 243.07 1.94 97.96 139.06 96.15 21.58 Argentina 2.46 49.00 0.01 12.70 17.10 29.07 5.30 Brazil 7.35 136.00 1.76 64.00 91.50 42.01 11.60 Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91 South Africa 0.65 17.27 0.11 6.16 13.06 2.05 2.93 Ukraine 0.54 26.80 0.02 5.30 6.50 20.02 0.84 Major Importers 5/ 21.36 121.05 107.30 163.95 225.90 3.33 20.48 Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69 European Union 6/ 7.26 59.59 18.76 55.80 76.70 2.76 6.15 Japan 1.30 0.02 15.46 12.10 15.40 0.00 1.37 Mexico 5.63 23.10 25.93 27.50 49.10 0.03 5.53 Southeast Asia 7/ 3.17 31.13 20.80 40.25 51.40 0.54 3.16 South Korea 2.04 0.09 11.44 9.25 11.45 0.00 2.13 Selected Other Canada 2.00 15.35 1.69 8.58 14.44 3.00 1.58 China 211.19 294.92 1.82 234.00 316.00 0.00 191.93 2025/26 Est. World 3/ 296.70 1329.91 197.25 827.36 1327.78 220.73 298.83 World Less China 104.77 1028.67 193.25 589.36 1007.78 220.71 121.68 United States 39.40 432.34 0.71 161.30 336.69 86.36 49.40 Total Foreign 257.30 897.57 196.54 666.06 991.09 134.36 249.43 Major Exporters 4/ 21.58 266.70 1.77 101.40 148.80 117.30 23.94 Argentina 5.30 63.00 0.01 14.00 18.60 45.00 4.71 Brazil 11.60 140.00 1.70 65.00 98.00 42.00 13.30 Russia 0.91 14.80 0.05 10.00 11.10 4.00 0.66 South Africa 2.93 18.00 0.00 7.40 14.60 3.30 3.03 Ukraine 0.84 30.90 0.01 5.00 6.50 23.00 2.25 Major Importers 5/ 20.48 119.51 111.91 167.40 228.65 2.69 20.56 Egypt 1.69 6.70 12.50 16.20 18.90 0.00 1.99 European Union 6/ 6.15 56.80 18.50 53.30 73.40 2.10 5.95 Japan 1.37 0.02 15.50 12.20 15.50 0.00 1.39 Mexico 5.53 24.70 27.00 29.50 51.30 0.03 5.90 Southeast Asia 7/ 3.16 31.10 22.26 42.20 53.15 0.56 2.81 South Korea 2.13 0.09 11.50 9.40 11.60 0.00 2.12 Selected Other Canada 1.58 14.87 2.10 9.20 15.20 1.50 1.85 China 191.93 301.24 4.00 238.00 320.00 0.02 177.15 ================================================================================ WASDE - 674 - 23 August 2026 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 ================================================================================ 2026/27 Proj. World 3/ Jul 298.67 1297.09 204.00 833.08 1320.49 209.88 275.26 Aug 298.83 1298.88 203.73 832.46 1323.05 210.48 274.66 World Less China Jul 121.52 990.09 198.00 590.08 995.49 209.86 110.14 Aug 121.68 991.88 198.73 590.46 999.05 210.46 109.53 United States Jul 51.31 406.42 0.64 154.95 331.61 81.28 45.46 Aug 49.40 406.75 0.64 154.95 331.61 83.19 41.98 Total Foreign Jul 247.36 890.67 203.37 678.13 988.88 128.60 229.80 Aug 249.43 892.13 203.09 677.51 991.44 127.30 232.68 Major Exporters 4/ Jul 23.04 256.30 1.87 101.40 149.30 111.20 20.71 Aug 23.94 259.50 1.87 102.40 152.30 110.00 23.01 Argentina Jul 4.71 55.00 0.01 13.00 17.70 38.00 4.01 Aug 4.71 55.00 0.01 13.00 17.70 38.00 4.01 Brazil Jul 12.30 139.00 1.80 65.00 98.00 44.00 11.10 Aug 13.30 139.00 1.80 65.00 100.00 44.00 10.10 Russia Jul 0.76 15.80 0.05 10.50 11.70 4.00 0.91 Aug 0.66 17.20 0.05 11.50 12.70 3.80 1.41 South Africa Jul 3.03 16.50 0.00 7.40 14.70 2.20 2.63 Aug 3.03 16.50 0.00 7.40 14.70 2.20 2.63 Ukraine Jul 2.25 30.00 0.01 5.50 7.20 23.00 2.06 Aug 2.25 31.80 0.01 5.50 7.20 22.00 4.86 Major Importers 5/ Jul 19.63 116.80 119.50 173.05 235.00 2.49 18.44 Aug 20.56 113.22 120.50 171.85 233.60 2.19 18.50 Egypt Jul 1.99 7.00 13.20 17.40 20.10 0.00 2.09 Aug 1.99 7.00 13.20 17.40 20.10 0.00 2.09 European Union 6/ Jul 5.08 53.78 22.50 54.00 74.40 1.90 5.06 Aug 5.95 50.20 23.50 53.00 73.00 1.60 5.05 Japan Jul 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Aug 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Mexico Jul 5.90 24.60 27.70 31.20 53.40 0.02 4.78 Aug 5.90 24.60 27.70 31.20 53.40 0.02 4.78 Southeast Asia 7/ Jul 2.75 31.20 24.55 44.40 55.35 0.57 2.58 Aug 2.81 31.20 24.55 44.20 55.35 0.57 2.64 South Korea Jul 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Aug 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Canada Jul 1.75 16.30 2.00 9.20 15.10 3.00 1.95 Aug 1.85 16.50 2.00 9.40 15.40 3.00 1.95 China Jul 177.15 307.00 6.00 243.00 325.00 0.02 165.13 Aug 177.15 307.00 5.00 242.00 324.00 0.02 165.13 ================================================================================ WASDE - 674 - 24 August 2026 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 ================================================================================ 2024/25 World 3/ 179.78 542.30 58.03 530.83 61.46 191.25 World Less China 76.78 397.02 55.70 385.87 60.31 86.75 United States 1.27 7.05 1.56 5.30 2.87 1.71 Total Foreign 178.52 535.24 56.47 525.52 58.59 189.54 Major Exporters 4/ 49.98 219.50 3.60 169.96 46.41 56.71 Burma 1.22 11.90 0.01 9.60 2.53 1.00 India 42.00 150.18 0.00 121.36 22.83 48.00 Pakistan 1.22 9.72 0.02 4.20 5.13 1.63 Thailand 2.21 20.84 0.05 12.50 7.86 2.75 Vietnam 3.34 26.85 3.53 22.30 8.06 3.35 Major Importers 5/ 118.08 239.52 23.22 257.91 1.51 121.40 China 103.00 145.28 2.34 144.96 1.15 104.50 European Union 6/ 0.60 1.60 2.53 3.50 0.34 0.89 Indonesia 6.17 34.10 0.81 35.50 0.00 5.58 Nigeria 1.41 5.75 3.30 8.30 0.00 2.16 Philippines 3.40 12.37 5.43 17.50 0.00 3.70 Sel. Mideast 7/ 1.41 2.28 5.57 7.05 0.00 2.21 Selected Other Brazil 0.34 8.68 0.95 7.40 1.37 1.19 C. Amer & Carib 8/ 0.57 1.41 1.95 3.21 0.09 0.63 Egypt 0.46 3.90 0.16 4.05 0.15 0.31 Japan 1.60 7.29 0.84 8.05 0.05 1.63 Mexico 0.12 0.16 0.89 1.00 0.03 0.15 South Korea 1.21 3.59 0.33 4.25 0.19 0.68 2025/26 Est. World 3/ 191.25 545.51 57.07 538.59 60.32 198.17 World Less China 86.75 399.18 52.99 391.24 58.26 92.67 United States 1.71 6.56 1.37 5.37 2.57 1.71 Total Foreign 189.54 538.94 55.70 533.23 57.75 196.46 Major Exporters 4/ 56.71 222.92 3.38 173.27 45.40 64.34 Burma 1.00 12.00 0.01 9.30 2.30 1.40 India 48.00 154.02 0.00 124.52 23.50 54.00 Pakistan 1.63 10.00 0.02 4.50 4.50 2.64 Thailand 2.75 20.70 0.05 12.70 7.00 3.80 Vietnam 3.35 26.20 3.30 22.25 8.10 2.50 Major Importers 5/ 121.40 241.71 21.82 261.63 2.51 120.79 China 104.50 146.33 4.08 147.35 2.06 105.50 European Union 6/ 0.89 1.77 2.30 3.60 0.40 0.96 Indonesia 5.58 33.80 0.50 35.30 0.00 4.58 Nigeria 2.16 5.90 2.80 8.60 0.00 2.27 Philippines 3.70 12.35 4.35 17.70 0.00 2.70 Sel. Mideast 7/ 2.21 2.23 4.58 7.13 0.00 1.88 Selected Other Brazil 1.19 7.60 0.93 7.35 1.40 0.96 C. Amer & Carib 8/ 0.63 1.31 2.02 3.33 0.08 0.55 Egypt 0.31 4.20 0.23 4.15 0.15 0.44 Japan 1.63 7.48 0.80 7.95 0.07 1.90 Mexico 0.15 0.18 0.80 1.01 0.01 0.12 South Korea 0.68 3.54 0.41 3.85 0.18 0.60 ================================================================================ WASDE - 674 - 25 August 2026 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 ================================================================================ 2026/27 Proj. World 3/ Jul 198.20 537.18 60.20 542.80 62.78 192.58 Aug 198.17 537.27 60.24 542.80 62.78 192.63 World Less China Jul 92.70 390.18 56.30 395.60 60.58 85.58 Aug 92.67 390.27 56.24 395.50 60.58 85.63 United States Jul 1.64 4.87 1.58 4.64 2.48 0.98 Aug 1.71 5.03 1.58 4.70 2.48 1.14 Total Foreign Jul 196.55 532.31 58.62 538.16 60.30 191.60 Aug 196.46 532.24 58.66 538.11 60.30 191.49 Major Exporters 4/ Jul 64.29 217.00 3.88 176.80 47.70 60.67 Aug 64.34 217.00 3.88 176.80 47.70 60.71 Burma Jul 1.35 11.00 0.01 9.10 2.10 1.16 Aug 1.40 11.00 0.01 9.10 2.10 1.21 India Jul 54.00 150.00 0.00 128.00 25.00 51.00 Aug 54.00 150.00 0.00 128.00 25.00 51.00 Pakistan Jul 2.64 9.60 0.02 4.70 5.00 2.56 Aug 2.64 9.60 0.02 4.70 5.00 2.56 Thailand Jul 3.80 20.30 0.05 12.80 7.50 3.85 Aug 3.80 20.30 0.05 12.80 7.50 3.85 Vietnam Jul 2.50 26.10 3.80 22.20 8.10 2.10 Aug 2.50 26.10 3.80 22.20 8.10 2.10 Major Importers 5/ Jul 120.94 241.78 23.25 262.35 2.65 120.97 Aug 120.79 241.78 23.35 262.45 2.65 120.82 China Jul 105.50 147.00 3.90 147.20 2.20 107.00 Aug 105.50 147.00 4.00 147.30 2.20 107.00 European Union 6/ Jul 0.96 1.73 2.35 3.70 0.41 0.93 Aug 0.96 1.73 2.35 3.70 0.41 0.93 Indonesia Jul 4.58 33.60 0.50 35.00 0.00 3.68 Aug 4.58 33.60 0.50 35.00 0.00 3.68 Nigeria Jul 2.27 5.67 2.90 8.80 0.00 2.04 Aug 2.27 5.67 2.90 8.80 0.00 2.04 Philippines Jul 2.74 12.40 5.60 17.90 0.00 2.84 Aug 2.70 12.40 5.60 17.90 0.00 2.80 Sel. Mideast 7/ Jul 1.98 2.23 4.70 7.25 0.00 1.66 Aug 1.88 2.23 4.70 7.25 0.00 1.56 Brazil Jul 0.96 7.40 0.95 7.30 1.40 0.61 Aug 0.96 7.40 0.95 7.30 1.40 0.61 C. Amer & Carib 8/ Jul 0.56 1.33 2.06 3.32 0.08 0.56 Aug 0.55 1.33 2.09 3.35 0.08 0.55 Egypt Jul 0.44 4.20 0.20 4.18 0.20 0.46 Aug 0.44 4.20 0.20 4.18 0.20 0.46 Japan Jul 1.90 7.38 0.70 8.05 0.08 1.85 Aug 1.90 7.38 0.70 8.05 0.08 1.85 Mexico Jul 0.12 0.19 0.83 1.02 0.01 0.10 Aug 0.12 0.19 0.83 1.02 0.01 0.10 South Korea Jul 0.60 3.49 0.41 3.78 0.18 0.55 Aug 0.60 3.49 0.41 3.78 0.18 0.55 ================================================================================ WASDE - 674 - 26 August 2026 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 World 73.55 119.53 43.03 119.11 42.43 -0.23 74.80 World Less China 36.83 87.53 37.85 80.11 42.37 -0.23 39.97 United States 3.15 14.41 3/ 1.70 11.90 -0.04 4.00 Total Foreign 70.40 105.12 43.03 117.41 30.53 -0.19 70.80 Major Exporters 4/ 24.29 58.94 4.29 35.07 26.52 -0.19 26.12 Central Asia 5/ 3.15 5.22 0.10 3.94 1.47 0.00 3.06 Afr. Fr. Zone 6/ 1.29 4.44 3/ 0.10 4.27 0.00 1.37 S. Hemis. 7/ 10.19 24.70 0.15 4.36 19.13 -0.19 11.73 Australia 4.22 5.60 3/ 0.00 5.21 -0.19 4.80 Brazil 2.97 17.00 3/ 3.26 13.02 0.00 3.70 India 9.30 24.00 3.04 25.50 1.33 0.00 9.52 Major Importers 8/ 43.92 43.41 35.91 77.80 3.01 0.00 42.42 Mexico 0.24 1.00 0.60 1.35 0.18 0.00 0.31 China 36.71 32.00 5.19 39.00 0.06 0.00 34.84 European Union 9/ 0.32 1.30 0.41 0.46 1.27 0.00 0.30 Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28 Pakistan 1.85 5.00 6.10 10.60 0.05 0.00 2.30 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 8.05 8.20 0.00 0.00 1.71 Vietnam 1.03 3/ 7.98 8.00 0.00 0.00 1.02 2025/26 Est. World 74.80 121.97 44.30 120.89 45.56 -0.19 74.80 World Less China 39.97 86.17 37.10 79.39 45.49 -0.19 38.54 United States 4.00 13.90 0.01 1.55 12.20 -0.05 4.20 Total Foreign 70.80 108.07 44.30 119.34 33.36 -0.14 70.60 Major Exporters 4/ 26.12 59.07 6.15 36.64 29.70 -0.16 25.16 Central Asia 5/ 3.06 5.76 0.25 4.93 1.77 0.00 2.37 Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.13 0.00 1.17 S. Hemis. 7/ 11.73 25.00 0.15 4.46 22.30 -0.16 10.27 Australia 4.80 4.50 3/ 0.00 5.70 -0.16 3.76 Brazil 3.70 18.75 3/ 3.35 15.50 0.00 3.60 India 9.52 23.80 4.80 26.00 1.10 0.00 11.02 Major Importers 8/ 42.42 46.11 35.45 78.26 2.57 0.02 43.13 Mexico 0.31 0.57 0.62 1.20 0.10 0.02 0.18 China 34.84 35.80 7.20 41.50 0.08 0.00 36.26 European Union 9/ 0.30 1.23 0.43 0.47 1.27 0.00 0.23 Turkey 1.28 3.05 4.60 6.80 1.05 0.00 1.08 Pakistan 2.30 5.30 4.20 9.70 0.05 0.00 2.05 Indonesia 0.41 3/ 2.05 2.05 0.02 0.00 0.40 Thailand 0.11 3/ 0.43 0.43 0.00 0.00 0.11 Bangladesh 1.71 0.15 7.20 7.40 0.00 0.00 1.67 Vietnam 1.02 3/ 8.16 8.15 0.00 0.00 1.02 ================================================================================ WASDE - 674 - 27 August 2026 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2026/27 Proj. World Jul 75.72 117.26 43.34 121.95 43.34 -0.20 71.22 Aug 74.80 117.63 43.80 122.92 43.82 -0.19 69.69 World Less China Jul 39.16 83.76 36.34 80.45 43.27 -0.20 35.74 Aug 38.54 84.13 36.80 80.92 43.74 -0.19 35.00 United States Jul 4.20 13.70 0.01 1.60 12.30 -0.10 4.10 Aug 4.20 13.61 0.01 1.60 12.30 -0.09 4.00 Total Foreign Jul 71.52 103.56 43.34 120.35 31.04 -0.10 67.12 Aug 70.60 104.02 43.80 121.32 31.52 -0.10 65.69 Major Exporters 4/ Jul 25.82 57.36 4.10 36.89 27.87 -0.10 22.61 Aug 25.16 57.72 4.50 37.29 28.30 -0.10 21.88 Central Asia 5/ Jul 2.34 5.62 0.25 4.93 1.40 0.00 1.89 Aug 2.37 5.70 0.25 4.93 1.50 0.00 1.90 Afr. Fr. Zone 6/ Jul 1.23 4.17 3/ 0.11 4.11 0.00 1.18 Aug 1.17 4.20 3/ 0.11 4.14 0.00 1.13 S. Hemis. 7/ Jul 10.50 23.10 0.15 4.51 20.54 -0.10 8.80 Aug 10.27 23.35 0.15 4.51 20.84 -0.10 8.52 Australia Jul 3.76 3.00 3/ 0.00 4.50 -0.10 2.36 Aug 3.76 3.00 3/ 0.00 4.50 -0.10 2.36 Brazil Jul 3.80 18.00 0.01 3.40 15.00 0.00 3.41 Aug 3.60 18.25 0.01 3.40 15.30 0.00 3.16 India Jul 11.42 24.00 2.50 26.00 1.50 0.00 10.42 Aug 11.02 24.00 3.00 26.50 1.50 0.00 10.02 Major Importers 8/ Jul 43.42 43.26 36.44 78.92 1.97 0.00 42.23 Aug 43.13 43.36 36.50 79.48 2.02 0.00 41.48 Mexico Jul 0.21 0.65 0.65 1.20 0.10 0.00 0.21 Aug 0.18 0.65 0.65 1.20 0.10 0.00 0.18 China Jul 36.56 33.50 7.00 41.50 0.08 0.00 35.49 Aug 36.26 33.50 7.00 42.00 0.08 0.00 34.69 European Union 9/ Jul 0.20 1.20 0.45 0.48 1.12 0.00 0.25 Aug 0.23 1.25 0.43 0.46 1.17 0.00 0.28 Turkey Jul 1.08 2.65 4.80 6.80 0.60 0.00 1.13 Aug 1.08 2.70 4.80 6.80 0.60 0.00 1.18 Pakistan Jul 2.05 5.10 5.00 10.20 0.05 0.00 1.90 Aug 2.05 5.10 5.00 10.20 0.05 0.00 1.90 Indonesia Jul 0.40 3/ 1.90 1.90 0.02 0.00 0.38 Aug 0.40 3/ 2.00 2.00 0.02 0.00 0.38 Thailand Jul 0.11 3/ 0.45 0.45 0.00 0.00 0.11 Aug 0.11 3/ 0.45 0.45 0.00 0.00 0.11 Bangladesh Jul 1.67 0.15 7.60 7.80 0.00 0.00 1.62 Aug 1.67 0.15 7.40 7.60 0.00 0.00 1.62 Vietnam Jul 1.02 3/ 8.00 8.00 0.00 0.00 1.02 Aug 1.02 3/ 8.20 8.20 0.00 0.00 1.03 ================================================================================ WASDE - 674 - 28 August 2026 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2024/25 World 2/ 115.10 428.11 179.15 359.16 412.08 184.33 125.95 World Less China 71.79 407.46 71.15 255.66 284.68 184.26 81.46 United States 9.32 119.05 0.81 66.55 68.84 51.50 8.84 Total Foreign 105.78 309.07 178.34 292.62 343.24 132.84 117.11 Major Exporters 3/ 54.47 238.05 7.06 105.35 115.35 121.02 63.22 Argentina 24.05 51.11 6.32 43.24 48.94 7.87 24.67 Brazil 29.76 172.50 0.73 58.16 62.16 103.14 37.69 Paraguay 0.29 10.20 0.00 3.70 3.80 6.41 0.29 Major Importers 4/ 46.22 24.54 142.49 133.17 164.84 0.42 47.99 China 43.31 20.65 108.00 103.50 127.40 0.07 44.49 European Union 1.30 2.91 14.71 15.40 17.02 0.33 1.57 Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.18 0.01 1.18 Mexico 0.61 0.28 6.43 6.65 6.74 0.00 0.59 2025/26 Est. World 2/ 125.95 429.46 187.17 373.92 430.27 187.19 125.12 World Less China 81.46 408.56 74.17 264.92 296.37 187.06 80.76 United States 8.84 115.99 0.68 72.26 75.29 41.37 8.85 Total Foreign 117.11 313.47 186.49 301.67 354.98 145.82 116.28 Major Exporters 3/ 63.22 244.20 7.98 107.90 118.96 134.30 62.14 Argentina 24.67 49.50 7.05 42.00 48.40 9.00 23.82 Brazil 37.69 180.50 0.90 62.00 66.40 115.00 37.69 Paraguay 0.29 12.10 0.02 3.80 3.91 8.20 0.30 Major Importers 4/ 47.99 24.71 147.42 138.73 171.62 0.48 48.02 China 44.49 20.90 113.00 109.00 133.90 0.13 44.36 European Union 1.57 2.85 13.80 14.80 16.37 0.33 1.53 Southeast Asia 5/ 1.18 0.41 10.82 5.73 11.07 0.01 1.34 Mexico 0.59 0.31 6.70 6.85 6.95 0.01 0.64 2026/27 Proj. World 2/ Jul 125.33 441.70 189.27 384.17 441.72 190.41 124.17 Aug 125.12 442.25 189.27 384.76 442.02 190.41 124.21 World Less China Jul 80.96 420.70 74.27 273.17 305.72 190.31 79.90 Aug 80.76 421.25 74.27 273.76 306.02 190.31 79.95 United States Jul 8.98 121.79 0.68 74.84 77.84 45.18 8.44 Aug 8.85 122.99 0.68 75.66 78.63 45.18 8.71 Total Foreign Jul 116.35 319.91 188.59 309.33 363.88 145.23 115.74 Aug 116.28 319.27 188.59 309.11 363.40 145.23 115.50 Major Exporters 3/ Jul 62.32 250.20 7.33 111.75 123.53 134.45 61.87 Aug 62.14 250.20 7.33 111.75 123.26 134.70 61.71 Argentina Jul 23.82 50.00 6.50 43.00 49.90 6.20 24.22 Aug 23.82 50.00 6.50 43.00 49.65 6.45 24.22 Brazil Jul 37.69 186.00 0.80 65.00 69.60 118.00 36.89 Aug 37.69 186.00 0.80 65.00 69.60 118.00 36.89 Paraguay Jul 0.48 11.10 0.02 3.60 3.73 7.35 0.52 Aug 0.30 11.10 0.02 3.60 3.71 7.35 0.36 Major Importers 4/ Jul 47.96 24.92 149.66 141.12 174.28 0.38 47.88 Aug 48.02 24.89 149.66 141.12 174.31 0.38 47.89 China Jul 44.37 21.00 115.00 111.00 136.00 0.10 44.27 Aug 44.36 21.00 115.00 111.00 136.00 0.10 44.26 European Union Jul 1.55 2.98 13.20 14.50 16.02 0.25 1.46 Aug 1.53 2.95 13.20 14.50 16.02 0.25 1.41 Southeast Asia 5/ Jul 1.24 0.38 11.56 6.27 11.82 0.02 1.34 Aug 1.34 0.38 11.56 6.27 11.85 0.02 1.41 Mexico Jul 0.64 0.32 6.75 6.95 7.05 0.01 0.65 Aug 0.64 0.32 6.75 6.95 7.05 0.01 0.65 ================================================================================ WASDE - 674 - 29 August 2026 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2024/25 World 2/ 14.31 281.75 77.86 273.10 82.89 17.94 World Less China 13.52 199.78 77.81 192.25 81.87 16.99 United States 0.41 53.02 0.73 37.41 16.40 0.36 Total Foreign 13.90 228.74 77.13 235.70 66.49 17.58 Major Exporters 3/ 5.45 86.93 0.29 31.21 54.95 6.51 Argentina 2.26 33.51 0.28 3.53 29.78 2.74 Brazil 2.97 44.38 0.01 20.50 23.39 3.47 India 0.22 9.04 0.01 7.19 1.78 0.30 Major Importers 4/ 2.30 23.31 44.01 65.11 1.05 3.46 European Union 0.84 12.17 20.61 31.24 0.65 1.72 Mexico 0.16 5.26 2.35 7.45 0.00 0.31 Southeast Asia 5/ 1.19 3.99 19.44 22.91 0.40 1.31 China 0.79 81.97 0.05 80.85 1.02 0.94 2025/26 Est. World 2/ 17.94 293.31 82.52 288.76 85.76 19.24 World Less China 16.99 206.99 82.37 203.61 84.76 17.97 United States 0.36 57.43 0.82 39.60 18.60 0.41 Total Foreign 17.58 235.89 81.70 249.17 67.17 18.83 Major Exporters 3/ 6.51 87.81 0.36 32.53 55.25 6.90 Argentina 2.74 32.34 0.30 3.60 29.00 2.78 Brazil 3.47 47.49 0.01 21.80 25.25 3.92 India 0.30 7.98 0.05 7.13 1.00 0.20 Major Importers 4/ 3.46 23.38 45.65 68.08 0.87 3.54 European Union 1.72 11.69 20.10 31.34 0.60 1.57 Mexico 0.31 5.41 2.85 8.24 0.00 0.33 Southeast Asia 5/ 1.31 4.51 21.10 25.10 0.27 1.55 China 0.94 86.33 0.15 85.15 1.00 1.27 2026/27 Proj. World 2/ Jul 19.33 300.98 84.36 295.93 88.40 20.34 Aug 19.24 301.55 85.42 297.08 89.44 19.69 World Less China Jul 18.06 213.07 84.26 209.18 87.30 18.90 Aug 17.97 213.64 85.32 210.33 88.34 18.26 United States Jul 0.41 58.95 0.76 39.76 19.96 0.41 Aug 0.41 59.69 0.79 39.89 20.59 0.41 Total Foreign Jul 18.92 242.03 83.60 256.17 68.45 19.93 Aug 18.83 241.85 84.63 257.18 68.85 19.28 Major Exporters 3/ Jul 7.08 91.12 0.23 33.75 57.30 7.38 Aug 6.90 91.12 0.36 33.75 57.70 6.93 Argentina Jul 2.73 33.11 0.12 3.65 29.40 2.91 Aug 2.78 33.11 0.25 3.65 29.60 2.89 Brazil Jul 4.16 50.01 0.01 23.00 26.90 4.28 Aug 3.92 50.01 0.01 23.00 27.10 3.84 India Jul 0.19 8.00 0.10 7.10 1.00 0.19 Aug 0.20 8.00 0.10 7.10 1.00 0.20 Major Importers 4/ Jul 3.47 23.65 46.78 69.32 0.89 3.69 Aug 3.54 23.65 47.38 70.03 0.89 3.65 European Union Jul 1.47 11.46 20.20 31.04 0.60 1.48 Aug 1.57 11.46 20.40 31.34 0.60 1.48 Mexico Jul 0.33 5.49 3.00 8.45 0.00 0.37 Aug 0.33 5.49 3.15 8.60 0.00 0.37 Southeast Asia 5/ Jul 1.56 4.90 21.85 26.30 0.29 1.73 Aug 1.55 4.90 22.20 26.65 0.29 1.72 China Jul 1.27 87.91 0.10 86.75 1.10 1.43 Aug 1.27 87.91 0.10 86.75 1.10 1.43 ================================================================================ WASDE - 674 - 30 August 2026 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2024/25 World 2/ 5.71 70.07 14.21 68.29 15.26 6.44 World Less China 4.55 49.97 13.91 47.79 14.94 5.69 United States 0.70 13.25 0.16 12.21 1.12 0.79 Total Foreign 5.01 56.81 14.04 56.08 14.14 5.64 Major Exporters 3/ 1.59 24.10 0.95 15.47 9.92 1.25 Argentina 0.67 8.63 0.11 1.98 7.10 0.32 Brazil 0.18 11.84 0.09 10.41 1.49 0.21 European Union 0.66 2.93 0.76 3.01 0.71 0.63 Major Importers 4/ 2.18 23.68 8.00 30.59 0.51 2.75 China 1.17 20.10 0.30 20.50 0.32 0.75 India 0.75 2.03 5.47 6.65 0.03 1.58 North Africa 5/ 0.24 1.21 1.29 2.24 0.17 0.33 2025/26 Est. World 2/ 6.44 72.66 13.40 71.36 14.69 6.44 World Less China 5.69 51.49 13.10 50.86 13.79 5.63 United States 0.79 14.05 0.18 13.75 0.44 0.83 Total Foreign 5.64 58.61 13.22 57.62 14.25 5.61 Major Exporters 3/ 1.25 24.56 0.99 15.92 9.65 1.23 Argentina 0.32 8.38 0.14 1.98 6.45 0.41 Brazil 0.21 12.64 0.10 10.95 1.80 0.20 European Union 0.63 2.81 0.75 2.91 0.75 0.54 Major Importers 4/ 2.75 24.77 7.43 30.98 1.14 2.83 China 0.75 21.17 0.30 20.50 0.90 0.81 India 1.58 1.80 5.10 6.89 0.04 1.55 North Africa 5/ 0.33 1.38 1.42 2.49 0.20 0.44 2026/27 Proj. World 2/ Jul 6.32 74.90 13.39 73.12 14.69 6.80 Aug 6.44 75.03 13.31 73.20 14.64 6.94 World Less China Jul 5.51 53.35 13.09 52.32 13.79 5.83 Aug 5.63 53.47 13.01 52.40 13.74 5.97 United States Jul 0.83 14.78 0.27 14.86 0.18 0.85 Aug 0.83 14.94 0.27 15.02 0.18 0.85 Total Foreign Jul 5.49 60.12 13.12 58.26 14.51 5.95 Aug 5.61 60.08 13.04 58.18 14.46 6.09 Major Exporters 3/ Jul 1.22 25.28 0.82 16.04 9.75 1.53 Aug 1.23 25.28 0.84 16.04 9.75 1.57 Argentina Jul 0.39 8.58 0.12 1.99 6.65 0.45 Aug 0.41 8.58 0.14 1.99 6.65 0.49 Brazil Jul 0.20 13.26 0.10 11.40 1.70 0.46 Aug 0.20 13.26 0.10 11.40 1.70 0.46 European Union Jul 0.54 2.76 0.60 2.56 0.80 0.54 Aug 0.54 2.76 0.60 2.56 0.80 0.54 Major Importers 4/ Jul 2.64 25.26 6.95 30.95 1.09 2.81 Aug 2.83 25.26 7.25 31.23 1.09 3.02 China Jul 0.81 21.56 0.30 20.80 0.90 0.97 Aug 0.81 21.56 0.30 20.80 0.90 0.97 India Jul 1.38 1.80 4.50 6.28 0.02 1.39 Aug 1.55 1.80 4.80 6.54 0.02 1.60 North Africa 5/ Jul 0.43 1.46 1.35 2.65 0.18 0.42 Aug 0.44 1.46 1.35 2.65 0.18 0.42 ================================================================================ WASDE - 674 - 31 August 2026 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 2025 III 6360 6614 13012 12432 1275 13850 26861 2217 58.2 IV 6647 7301 13986 12118 1242 13482 27469 2248 57.8 Annual 26003 27578 53740 48006 4844 53359 107099 8765 231.7 2026 I 6148 7050 13236 12002 1231 13368 26604 2232 58.6 II 6154 6755 12944 12421 1260 13833 26777 2252 60.2 III* 6220 6705 12962 12800 1310 14255 27217 2300 59.1 IV* 6445 7365 13848 12400 1300 13835 27683 2325 58.6 JulProj. 25288 27955 53392 49552 5056 55163 108555 9117 236.6 AugProj. 24967 27876 52990 49623 5100 55291 108281 9109 236.6 2027 I* 6165 7025 13228 12150 1250 13535 26763 2300 59.2 II* 6120 6780 12938 12500 1275 13915 26853 2315 60.6 JulProj. 25200 28135 53488 49900 5125 55580 109068 9320 238.1 AugProj. 24980 28135 53265 49900 5125 55580 108845 9320 238.0 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2025 III 239.62 77.05 121.9 156.8 283.0 20.70 IV 227.62 64.87 110.5 172.2 192.0 19.50 Annual 224.37 68.80 124.8 135.8 373.7 21.18 2026 I 238.65 64.50 119.5 169.9 125.2 18.50 II 255.76 67.79 122.6 176.3 67.0 21.07 III* 242.00 70.00 116.0 175.0 120.0 19.70 IV* 245.00 59.00 118.0 160.0 130.0 20.10 JulProj. 251.10 64.82 121.3 165.3 96.8 20.00 AugProj. 245.35 65.32 119.0 170.3 110.6 19.85 2027 I* 245.00 62.00 120.0 130.0 120.0 19.80 II* 250.00 68.00 123.0 125.0 100.0 19.30 JulProj. 254 65 122 130 108 19.85 AugProj. 249 65 122 130 111 19.80 ================================================================================ WASDE - 674 - 32 August 2026 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 2025 602 26071 5388 32061 2579 577 28905 59.2 2026 Proj. Jul 577 25356 6059 31991 2331 565 29095 59.4 Aug 577 25035 6132 31744 2333 565 28846 58.9 2027 Proj. Jul 565 25268 6000 31833 2325 555 28953 59.0 Aug 565 25048 6050 31663 2315 555 28793 58.7 Pork 2025 435 27593 1117 29145 6972 430 21744 49.3 2026 Proj. Jul 430 27971 1173 29574 7237 425 21912 49.6 Aug 430 27892 1174 29496 7175 445 21875 49.5 2027 Proj. Jul 425 28151 1185 29761 7330 430 22001 49.7 Aug 445 28151 1185 29781 7340 435 22006 49.7 TotalRed Meat5/ 2025 1058 53833 6876 61767 9557 1024 51186 109.9 2026 Proj. Jul 1024 53486 7622 62132 9576 1007 51549 110.4 Aug 1024 53084 7708 61816 9515 1027 51273 109.8 2027 Proj. Jul 1007 53581 7580 62169 9662 1003 51503 110.1 Aug 1027 53359 7630 62016 9662 1008 51346 109.8 Broiler 2025 761 47493 152 48406 6665 786 40955 102.9 2026 Proj. Jul 786 49022 135 49942 6599 790 42553 106.6 Aug 786 49092 134 50013 6593 790 42629 106.8 2027 Proj. Jul 790 49366 132 50288 6575 790 42923 107.3 Aug 790 49366 132 50288 6575 790 42923 107.3 Turkey 2025 219 4844 38 5101 420 175 4507 13.2 2026 Proj. Jul 175 5056 36 5266 424 185 4658 13.6 Aug 175 5100 37 5312 426 200 4686 13.7 2027 Proj. Jul 185 5125 36 5346 415 190 4741 13.8 Aug 200 5125 36 5361 415 190 4756 13.8 Total Poultry6/ 2025 985 52845 193 54023 7131 973 45919 117.4 2026 Proj. Jul 973 54632 172 55777 7064 987 47725 121.7 Aug 973 54759 173 55905 7061 1002 47843 122.0 2027 Proj. Jul 987 55045 170 56202 7034 991 48177 122.6 Aug 1002 55045 170 56217 7034 991 48192 122.6 RedMeat& Poultry 2025 2043 106679 7069 115790 16688 1997 97105 227.3 2026 Proj. Jul 1997 108118 7794 117909 16640 1994 99275 232.1 Aug 1997 107843 7881 117721 16576 2029 99116 231.8 2027 Proj. Jul 1994 108627 7750 118371 16696 1994 99681 232.7 Aug 2029 108404 7800 118234 16696 1999 99538 232.4 ================================================================================ WASDE - 674 - 33 August 2026 U.S. Egg Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Jul Aug Jul Aug ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.1 14.2 17.1 17.1 22.0 22.0 Production 9076.2 8765.0 9116.8 9108.7 9320.0 9320.0 Imports 30.1 120.9 14.6 17.7 12.0 12.0 Total Supply 9129.4 8900.1 9148.6 9143.5 9354.0 9354.0 Use Exports 235.7 203.5 246.6 251.8 300.0 300.0 Hatching Use 1148.2 1163.8 1177.8 1181.6 1180.0 1180.0 Ending Stocks 14.2 17.1 22.0 22.0 22.0 22.0 Disappearance Total 7731.3 7515.8 7702.2 7688.1 7852.0 7852.0 Per Capita (number) 272.8 263.8 269.5 269.0 274.2 274.2 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Jul Aug Jul Aug ================================================================================ Billion Pounds Milk Production 225.9 231.7 236.6 236.6 238.1 238.0 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 13.8 13.1 12.6 12.6 12.4 12.5 Marketings 224.9 230.7 235.6 235.6 237.1 237.0 Imports 9.1 7.4 8.2 8.6 8.4 8.3 Total Supply 247.8 251.1 256.5 256.8 257.9 257.8 FatBasisUse Exports 11.8 16.7 20.6 20.7 21.0 21.3 Ending Stocks 13.1 12.6 12.4 12.5 12.2 12.0 Domestic Use 222.9 221.7 223.5 223.6 224.7 224.5 Skim-solidBasisSupply BeginningStocks 9.8 9.1 9.2 9.2 9.0 9.2 Marketings 224.9 230.7 235.6 235.6 237.1 237.0 Imports 6.8 6.9 6.8 6.9 6.9 7.0 Total Supply 241.5 246.6 251.7 251.7 253.0 253.2 Skim-solidBasisUse Exports 48.9 48.2 49.9 49.3 49.9 49.5 Ending Stocks 9.1 9.2 9.0 9.2 8.8 8.9 Domestic Use 183.6 189.2 192.8 193.2 194.3 194.8 ================================================================================ WASDE - 674 - 34 August 2026 U.S. Dairy Prices ================================================================================ Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj. ity Jul Aug Jul Aug ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.8634 1.7878 1.570 1.575 1.665 1.665 Butter 2.8870 2.2202 1.690 1.645 1.750 1.705 Nonfat Dry Milk 1.2420 1.2348 1.615 1.605 1.470 1.470 Dry Whey 0.4913 0.5956 0.660 0.670 0.650 0.680 Milk Prices 2/ Dollars Per Cwt ClassIII 18.89 18.01 16.15 16.25 17.05 17.25 Class IV 20.75 17.38 18.40 18.15 17.40 17.20 All Milk 3/ 22.55 21.18 20.00 19.85 19.85 19.80 ================================================================================ WASDE - 674 - 35 August 2026 Reliability of August Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 2.2 3.8 10.7 0.2 36.9 31 14 U.S. 2.6 4.5 1.1 0.0 4.2 18 27 Foreign 2.5 4.2 10.6 0.6 35.3 31 14 Exports World 5.7 9.5 6.6 0.4 19.1 34 11 U.S. 10.4 17.5 2.4 0.0 10.0 21 23 Foreign 7.0 11.7 6.5 0.3 20.5 33 12 Domestic Use World 1.8 3.1 8.3 0.2 34.8 26 19 U.S. 7.1 11.9 1.8 0.0 5.5 15 30 Foreign 1.8 3.1 8.1 0.2 34.6 29 16 Ending Stocks World 8.7 14.6 11.0 0.3 31.2 34 11 U.S. 14.4 24.3 2.7 0.5 12.6 29 16 Foreign 9.3 15.7 9.7 0.1 28.7 34 11 COARSE GRAINS 2/ Production World 2.3 3.9 19.0 0.4 53.7 34 11 U.S. 5.8 9.8 9.9 0.0 31.4 27 18 Foreign 2.4 4.1 14.8 0.7 58.4 30 15 Exports World 6.9 11.6 7.2 0.1 26.3 32 13 U.S. 21.2 35.7 7.9 0.4 22.0 21 24 Foreign 13.3 22.5 7.8 1.4 19.9 30 15 Domestic Use World 1.7 2.8 14.0 0.2 45.0 26 19 U.S. 3.9 6.6 6.6 0.2 17.0 26 19 Foreign 1.8 3.1 12.4 1.1 39.6 29 16 Ending Stocks World 15.4 26.0 21.0 0.1 171.8 34 11 U.S. 34.9 58.8 10.4 0.3 43.5 22 23 Foreign 15.9 26.8 15.1 0.2 154.8 35 10 RICE, milled Production World 2.2 3.7 6.2 0.1 24.4 30 15 U.S. 5.5 9.3 0.3 0.0 0.7 23 22 Foreign 2.2 3.7 6.2 0.4 24.7 31 14 Exports World 9.1 15.3 2.0 0.0 7.8 32 13 U.S. 12.1 20.3 0.2 0.0 1.0 20 23 Foreign 10.0 16.9 2.0 0.1 8.0 31 14 Domestic Use World 1.7 2.9 4.2 0.1 23.5 34 11 U.S. 7.9 13.4 0.2 0.0 0.5 23 22 Foreign 1.8 3.0 4.2 0.0 24.0 33 12 Ending Stocks World 11.7 19.7 6.7 0.1 27.3 35 10 U.S. 29.2 49.1 0.2 0.0 1.0 28 16 Foreign 12.6 21.1 6.7 0.1 27.1 35 10 ================================================================================ WASDE - 674 - 36 August 2026 Reliability of August Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 4.7 7.8 8.0 0.3 30.9 23 22 U.S. 5.8 9.8 3.4 0.0 11.1 22 22 Foreign 7.4 12.5 7.2 0.7 33.5 21 24 Exports World 6.8 11.5 3.5 0.0 18.2 27 17 U.S. 11.9 20.0 3.1 0.0 9.8 25 19 Foreign 18.3 30.9 3.6 0.0 21.3 23 22 Domestic Use World 3.4 5.7 5.2 0.0 15.9 27 18 U.S. 4.7 8.0 1.7 0.0 4.6 26 19 Foreign 3.9 6.6 4.8 0.6 15.4 26 19 Ending Stocks World 15.6 26.3 4.8 0.1 23.5 22 23 U.S. 68.1 114.7 2.9 0.3 12.9 17 28 Foreign 17.7 29.8 4.6 0.2 21.3 25 20 COTTON Production World 4.7 8.0 3.4 0.0 13.2 24 20 U.S. 8.7 14.6 1.1 0.0 3.9 22 22 Foreign 5.1 8.6 2.9 0.0 10.9 24 20 Exports World 9.7 16.3 2.4 0.1 10.2 21 24 U.S. 20.1 33.9 1.2 0.0 3.2 23 22 Foreign 12.8 21.6 2.0 0.1 8.5 23 22 Domestic Use World 5.0 8.5 3.6 0.3 20.7 18 27 U.S. 10.2 17.1 0.4 0.0 1.3 19 23 Foreign 5.1 8.6 3.5 0.3 20.1 19 26 Ending Stocks World 14.5 24.4 5.9 0.2 18.5 29 16 U.S. 43.1 72.6 1.4 0.0 5.1 17 27 Foreign 14.6 24.5 5.3 0.1 18.6 31 14 ================================================================================ WASDE - 674 - 37 August 2026 Reliability of United States August Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 6.2 10.5 373 1 1096 26 19 Exports 21.8 36.7 286 12 750 21 24 Domestic Use 4.3 7.2 267 10 590 27 18 Ending Stocks 39.8 67.0 385 12 1674 21 24 SORGHUM Production 11.8 19.9 35 1 108 24 21 Exports 41.5 69.9 45 1 160 20 25 Domestic Use 30.6 51.5 46 0 140 22 21 Ending Stocks 55.8 93.9 34 1 201 18 27 BARLEY Production 6.1 10.3 14 0 67 17 27 Exports 73.6 123.9 12 0 82 22 19 Domestic Use 10.1 17.0 22 0 82 16 28 Ending Stocks 18.6 31.4 19 0 94 20 24 OATS Production 9.7 16.4 12 0 57 10 33 Exports 89.5 150.7 1 0 8 11 12 Domestic Use 6.8 11.4 13 1 39 13 32 Ending Stocks 22.9 38.6 13 0 40 20 24 Thousand Short Tons SOYBEAN MEAL Production 4.7 7.9 1269 32 3669 30 15 Exports 14.8 24.9 904 0 3500 27 17 Domestic Use 3.9 6.5 803 0 3800 27 17 Ending Stocks 40.4 68.1 52 0 428 13 18 Million Pounds SOYBEAN OIL Production 4.7 7.8 610 11 2290 30 15 Exports 50.6 85.2 457 0 2000 22 20 Domestic Use 4.2 7.1 521 8 2200 28 17 Ending Stocks 31.1 52.4 441 0 1472 24 20 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.7 801 110 2536 30 14 Pork 2.9 4.9 417 10 1375 24 20 Broilers 2.2 3.7 590 5 1424 24 20 Turkeys 4.1 6.9 162 2 458 21 23 Million Dozen Eggs 2.5 4.3 142 4 856 25 19 Billion Pounds Milk 1.7 2.8 2.3 0.1 7.0 24 20 ================================================================================