WASDE - 676 - 8 October 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 2858.26 3653.72 500.21 2877.67 776.05 2025/26 (Est.) 3018.84 3794.89 551.44 2970.69 824.20 2026/27 (Proj.) Sep 2944.15 3760.04 527.85 2981.72 778.32 Oct 2944.32 3768.52 524.23 2980.67 787.84 Wheat 2024/25 799.06 1068.82 210.88 808.43 260.40 2025/26 (Est.) 844.06 1104.45 226.91 822.90 281.55 2026/27 (Proj.) Sep 822.43 1103.04 211.77 826.75 276.29 Oct 822.39 1103.94 208.97 827.90 276.04 Coarse Grains 5/ 2024/25 1517.05 1862.33 227.90 1538.31 324.03 2025/26 (Est.) 1629.13 1953.15 265.99 1614.72 338.43 2026/27 (Proj.) Sep 1587.87 1920.41 253.46 1615.36 305.04 Oct 1588.85 1927.28 253.91 1613.97 313.31 Rice, milled 2024/25 542.16 722.57 61.43 530.94 191.63 2025/26 (Est.) 545.65 737.28 58.53 533.06 204.22 2026/27 (Proj.) Sep 533.85 736.59 62.62 539.61 196.99 Oct 533.08 737.30 61.35 538.80 198.50 United States Total Grains 4/ 2024/25 452.42 528.34 101.10 359.89 67.34 2025/26 (Est.) 507.12 581.55 119.89 378.73 82.93 2026/27 (Proj.) Sep 459.56 545.79 111.05 371.82 62.92 Oct 465.17 556.06 110.92 374.37 70.77 Wheat 2024/25 53.85 76.88 22.56 31.06 23.26 2025/26 (Est.) 54.14 80.80 24.71 31.05 25.04 2026/27 (Proj.) Sep 41.66 70.51 21.09 29.91 19.51 Oct 41.74 70.73 20.41 30.18 20.14 Coarse Grains 5/ 2024/25 391.51 441.58 75.68 323.53 42.37 2025/26 (Est.) 446.42 491.12 92.63 342.46 56.03 2026/27 (Proj.) Sep 412.88 466.82 87.48 337.21 42.13 Oct 418.42 476.88 88.03 339.48 49.37 Rice, milled 2024/25 7.05 9.88 2.87 5.31 1.71 2025/26 (Est.) 6.56 9.63 2.56 5.22 1.86 2026/27 (Proj.) Sep 5.02 8.46 2.48 4.70 1.28 Oct 5.01 8.45 2.48 4.70 1.27 ================================================================================ WASDE - 676 - 9 October 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 2405.84 3125.39 399.11 2517.78 708.71 2025/26 (Est.) 2511.72 3213.33 431.54 2591.96 741.27 2026/27 (Proj.) Sep 2484.59 3214.25 416.80 2609.90 715.40 Oct 2479.15 3212.46 413.31 2606.31 717.07 Wheat 2024/25 745.21 991.95 188.32 777.37 237.13 2025/26 (Est.) 789.92 1023.66 202.21 791.85 256.51 2026/27 (Proj.) Sep 780.78 1032.53 190.68 796.84 256.79 Oct 780.65 1033.21 188.56 797.72 255.90 Coarse Grains 5/ 2024/25 1125.53 1420.76 152.23 1214.77 281.66 2025/26 (Est.) 1182.71 1462.03 173.37 1272.26 282.40 2026/27 (Proj.) Sep 1174.99 1453.59 165.98 1278.16 262.91 Oct 1170.43 1450.39 165.88 1274.48 263.94 Rice, milled 2024/25 535.10 712.69 58.56 525.64 189.92 2025/26 (Est.) 539.09 727.65 55.97 527.85 202.36 2026/27 (Proj.) Sep 528.83 728.13 60.14 534.91 195.70 Oct 528.08 728.86 58.87 534.10 197.23 ================================================================================ 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 2024/25 119.55 193.18 42.40 118.96 75.07 2025/26 (Est.) 122.05 197.12 45.84 120.79 75.70 2026/27 (Proj.) Sep 117.32 192.62 44.22 122.92 69.86 Oct 117.95 193.65 44.71 123.08 70.68 United States 2024/25 14.41 17.56 11.90 1.70 4.00 2025/26 (Est.) 13.90 17.90 12.30 1.50 4.15 2026/27 (Proj.) Sep 13.20 17.36 12.30 1.50 3.60 Oct 13.44 17.60 12.30 1.50 3.80 Foreign 4/ 2024/25 105.14 175.62 30.50 117.26 71.07 2025/26 (Est.) 108.15 179.22 33.54 119.29 71.55 2026/27 (Proj.) Sep 104.11 175.26 31.92 121.42 66.26 Oct 104.51 176.05 32.41 121.58 66.88 ================================================================================ WASDE - 676 - 10 October 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 2024/25 686.97 823.00 213.34 568.95 144.43 2025/26 (Est.) 701.01 845.44 216.58 593.40 145.49 2026/27 (Proj.) Sep 723.46 869.27 221.16 611.62 146.64 Oct 722.20 867.63 221.62 611.89 146.31 Oilmeals 2024/25 392.51 411.46 114.21 382.29 22.62 2025/26 (Est.) 408.94 431.57 119.98 402.63 24.03 2026/27 (Proj.) Sep 415.83 439.64 120.54 409.50 24.67 Oct 416.17 439.93 120.96 409.69 24.85 Vegetable Oils 2024/25 230.87 261.66 88.47 224.05 30.14 2025/26 (Est.) 240.08 270.23 90.00 230.70 30.63 2026/27 (Proj.) Sep 245.36 275.84 92.13 238.58 30.80 Oct 243.16 273.79 90.76 237.31 29.92 United States Oilseeds 2024/25 128.60 140.71 52.56 70.43 10.23 2025/26 (Est.) 126.12 137.44 42.48 75.89 10.76 2026/27 (Proj.) Sep 132.92 145.16 47.14 79.80 10.22 Oct 133.61 145.57 47.43 79.79 10.35 Oilmeals 2024/25 55.27 60.70 16.60 43.65 0.45 2025/26 (Est.) 59.41 65.37 18.81 46.06 0.49 2026/27 (Proj.) Sep 61.89 67.66 20.69 46.48 0.49 Oct 61.89 67.76 20.69 46.58 0.49 Vegetable Oils 2024/25 14.49 21.45 1.27 19.07 1.10 2025/26 (Est.) 15.30 22.56 0.61 20.87 1.08 2026/27 (Proj.) Sep 16.39 24.89 0.32 23.39 1.18 Oct 16.39 24.85 0.32 23.39 1.14 Foreign 3/ Oilseeds 2024/25 558.37 682.29 160.78 498.52 134.19 2025/26 (Est.) 574.89 708.01 174.10 517.50 134.73 2026/27 (Proj.) Sep 590.54 724.10 174.02 531.82 136.42 Oct 588.60 722.06 174.20 532.09 135.96 Oilmeals 2024/25 337.25 350.76 97.61 338.64 22.18 2025/26 (Est.) 349.53 366.20 101.17 356.56 23.54 2026/27 (Proj.) Sep 353.94 371.98 99.85 363.02 24.18 Oct 354.28 372.17 100.27 363.12 24.36 Vegetable Oils 2024/25 216.38 240.21 87.19 204.98 29.04 2025/26 (Est.) 224.78 247.67 89.39 209.83 29.56 2026/27 (Proj.) Sep 228.97 250.94 91.81 215.18 29.63 Oct 226.77 248.93 90.44 213.91 28.78 ================================================================================ WASDE - 676 - 11 October 2026 U.S. Wheat Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Acres Area Planted 46.3 45.5 42.7 42.5 Area Harvested 38.6 37.3 32.1 31.9 Bushels Yield per Harvested Acre 51.2 53.3 47.8 48.1 Million Bushels Beginning Stocks 696 855 920 920 Production 1979 1989 1531 1534 Imports 150 125 140 145 Supply, Total 2825 2969 2591 2599 Food 969 959 960 960 Seed 61 58 59 59 Feed and Residual 111 124 80 90 Domestic, Total 1141 1141 1099 1109 Exports 829 908 775 750 Use, Total 1970 2049 1874 1859 Ending Stocks 855 920 717 740 Avg.FarmPrice ($/bu) 2/ 5.52 5.06 6.40 6.30 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2025/26 (Est.) Beginning Stocks 402 218 127 80 28 855 Production 806 460 353 284 86 1989 Imports 5 61 4 7 48 125 Supply, Total 3/ 1214 738 484 371 162 2969 Food 382 255 152 83 87 959 Seed 25 14 11 6 3 58 Feed and Residual 50 5 67 -4 6 124 Domestic Use 457 273 230 85 96 1141 Exports 320 233 122 200 33 908 Use, Total 777 506 352 285 128 2049 Ending Stocks, Total 437 232 132 86 33 920 2026/27 (Proj.) Beginning Stocks 437 232 132 86 33 920 Production 466 416 294 292 65 1534 Imports 20 70 5 5 45 145 Supply, Total 3/ 923 718 431 383 143 2599 Food 370 267 154 83 86 960 Seed 25 14 11 6 3 59 Feed and Residual 20 15 60 -10 5 90 Domestic Use 415 296 225 79 94 1109 Exports 175 225 100 225 25 750 Use, Total 590 521 325 304 119 1859 Ending Stocks, Total Oct 333 197 105 80 24 740 Sep 319 205 99 68 26 717 ================================================================================ WASDE - 676 - 12 October 2026 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Acres FEED GRAINS Area Planted 101.8 110.0 107.7 107.6 Area Harvested 91.4 99.7 96.5 96.3 Metric Tons Yield per Harvested Acre 4.28 4.47 4.28 4.34 Million Metric Tons Beginning Stocks 47.9 42.3 51.7 56.0 Production 391.1 446.1 412.6 418.2 Imports 2.0 2.2 2.1 2.2 Supply, Total 441.0 490.6 466.3 476.4 Feed and Residual 143.6 159.9 154.3 155.5 Food, Seed & Industrial 179.4 182.1 182.4 183.6 Domestic, Total 322.9 342.0 336.7 339.0 Exports 75.7 92.6 87.5 88.0 Use, Total 398.6 434.6 424.2 427.1 Ending Stocks 42.3 56.0 42.1 49.3 Million Acres CORN Area Planted 90.9 98.7 96.8 96.8 Area Harvested 83.0 90.9 88.5 88.5 Bushels Yield per Harvested Acre 179.3 186.5 178.5 181.2 Million Bushels Beginning Stocks 1763 1551 1922 2095 Production 14892 16964 15800 16034 Imports 22 31 25 25 Supply, Total 16677 18546 17747 18154 Feed and Residual 5437 6119 5950 6000 Food,Seed& Industrial 2/ 6816 6903 6955 7005 Ethanol & by-products 3/ 5437 5547 5600 5650 Domestic, Total 12253 13022 12905 13005 Exports 2873 3429 3275 3300 Use, Total 15126 16451 16180 16305 Ending Stocks 1551 2095 1567 1849 Avg.FarmPrice ($/bu) 4/ 4.24 4.16 4.80 4.70 ================================================================================ WASDE - 676 - 13 October 2026 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.3 6.6 6.0 6.0 AreaHarvested(mil.acres) 5.6 6.0 5.2 5.2 Yield (bushels/acre) 61.3 72.6 54.4 55.7 Beginning Stocks 33 40 37 35 Production 344 437 284 291 Imports 0 0 0 0 Supply, Total 377 477 321 326 Feed and Residual 140 116 60 60 Food, Seed & Industrial 98 120 80 80 Total Domestic 238 236 140 140 Exports 98 206 160 160 Use, Total 336 442 300 300 Ending Stocks 40 35 21 26 Avg.FarmPrice ($/bu) 2/ 4.07 3.67 4.60 4.50 BARLEY AreaPlanted (mil. acres) 2.4 2.3 2.3 2.2 AreaHarvested(mil.acres) 1.9 1.8 1.8 1.6 Yield (bushels/acre) 76.6 79.9 78.8 72.1 Beginning Stocks 78 69 66 66 Production 144 143 140 116 Imports 9 7 8 15 Supply, Total 232 219 214 197 Feed and Residual 36 27 30 25 Food, Seed & Industrial 118 115 115 110 Total Domestic 154 142 145 135 Exports 9 11 9 5 Use, Total 162 153 154 140 Ending Stocks 69 66 60 57 Avg.FarmPrice ($/bu) 2/ 6.31 5.46 5.70 5.70 OATS AreaPlanted (mil. acres) 2.2 2.4 2.7 2.6 AreaHarvested(mil.acres) 0.9 0.9 0.9 0.9 Yield (bushels/acre) 76.4 73.8 72.0 75.3 Beginning Stocks 36 28 32 32 Production 68 70 68 69 Imports 71 71 72 72 Supply, Total 176 169 172 173 Feed and Residual 64 51 55 55 Food, Seed & Industrial 81 82 83 83 Total Domestic 145 133 138 138 Exports 2 4 2 2 Use, Total 147 137 140 140 Ending Stocks 28 32 32 33 Avg.FarmPrice ($/bu) 2/ 3.35 3.23 3.35 3.35 ================================================================================ WASDE - 676 - 14 October 2026 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Acres TOTAL RICE Area Planted 2.92 2.81 2.10 2.10 Area Harvested 2.87 2.74 2.06 2.06 Pounds Yield per Harvested Acre 7753 7544 7690 7668 Million Hundredweight Beginning Stocks 2/ 39.8 53.9 58.4 58.4 Production 222.6 206.7 158.2 157.7 Imports 49.3 42.8 49.8 49.8 Supply, Total 311.7 303.4 266.4 266.0 Domestic & Residual 3/ 167.5 164.3 148.0 148.0 Exports, Total 4/ 90.3 80.6 78.0 78.0 Rough 28.8 21.8 19.0 19.0 Milled (rough equiv.) 61.5 58.8 59.0 59.0 Use, Total 257.8 244.9 226.0 226.0 Ending Stocks 53.9 58.4 40.4 40.0 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 15.10 12.40 14.90 15.20 LONG GRAIN RICE Harvested Acres (mil.) 2.26 2.08 Yield (pounds/acre) 7626 7359 Beginning Stocks 19.3 37.3 41.8 41.8 Imports 42.7 36.6 43.0 43.0 Production 172.0 153.3 103.5 103.2 Supply, Total 7/ 234.0 227.3 188.4 188.1 Domestic & Residual 3/ 136.0 131.9 117.0 117.0 Exports 8/ 60.7 53.6 50.0 50.0 Use, Total 196.7 185.4 167.0 167.0 Ending Stocks 37.3 41.8 21.4 21.1 Avg.FarmPrice($/cwt) 6/ 14.00 10.40 13.50 14.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.62 0.66 Yield (pounds/acre) 8219 8130 Beginning Stocks 18.9 13.7 14.1 14.1 Imports 6.5 6.1 6.8 6.8 Production 50.6 53.4 54.6 54.5 Supply, Total 7/ 74.9 73.6 75.5 75.3 Domestic & Residual 3/ 31.5 32.4 31.0 31.0 Exports 8/ 29.6 27.1 28.0 28.0 Use, Total 61.1 59.5 59.0 59.0 Ending Stocks 13.7 14.1 16.5 16.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 18.30 18.70 18.70 California 10/ 18.70 20.00 20.50 20.50 Other States 1/ 15.00 14.70 15.00 15.00 ================================================================================ WASDE - 676 - 15 October 2026 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Acres SOYBEANS Area Planted 87.3 81.2 86.9 86.9 Area Harvested 86.2 80.4 85.9 85.9 Bushels Yield per Harvested Acre 50.7 53.0 52.8 53.1 Million Bushels Beginning Stocks 342 325 325 315 Production 4374 4261 4535 4562 Imports 30 22 25 25 Supply, Total 4746 4608 4885 4902 Crushings 2445 2646 2780 2780 Exports 1892 1515 1685 1695 Seed 70 75 73 73 Residual 14 57 38 39 Use, Total 4421 4293 4575 4587 Ending Stocks 325 315 310 315 Avg.FarmPrice ($/bu) 2/ 10.00 10.50 12.00 12.00 Million Pounds SOYBEAN OIL Beginning Stocks 1551 1747 1837 1657 Production 4/ 29218 30715 32945 32945 Imports 362 525 600 700 Supply, Total 31131 32987 35382 35302 Domestic Disappearance 26912 30355 33105 33105 Biofuel 3/ 11758 14800 17800 17800 Food, Feed & other Industrial 15154 15555 15305 15305 Exports 2472 975 400 400 Use, Total 29384 31330 33505 33505 Ending stocks 1747 1657 1877 1797 Avg. Price (c/lb) 2/ 47.59 64.08 70.00 70.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 453 398 450 450 Production 4/ 58443 62912 65800 65800 Imports 806 1015 900 1000 Supply, Total 59703 64325 67150 67250 Domestic Disappearance 41232 43375 44000 44100 Exports 18073 20500 22700 22700 Use, Total 59305 63875 66700 66800 Ending Stocks 398 450 450 450 Avg. Price ($/s.t.) 2/ 300.33 325.32 340.00 340.00 ================================================================================ WASDE - 676 - 16 October 2026 U.S. Sugar Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2141 2376 2033 2231 Production 2/ 9397 9280 8839 8768 Beet Sugar 5370 5038 4769 4742 Cane Sugar 4027 4242 4071 4026 Florida 1932 1957 1819 1819 Louisiana 2095 2285 2252 2208 Texas 0 0 0 0 Imports 3393 3097 3396 3388 TRQ 3/ 1534 1299 1391 1391 Other Program 4/ 373 399 300 300 Non-program 1485 1399 1705 1696 Mexico 504 247 1188 1188 High-tier tariff/other 980 1152 517 508 Total Supply 14931 14753 14268 14387 Exports 111 25 25 25 Deliveries 12485 12497 12546 12497 Food 12375 12392 12441 12392 Other 5/ 111 105 105 105 Miscellaneous -41 0 0 0 Total Use 12555 12522 12571 12522 Ending Stocks 2376 2231 1697 1865 Stocks to Use Ratio 18.9 17.8 13.5 14.9 ================================================================================ 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. Sep 1123 5325 42 4278 843 1370 Oct 1123 5325 42 4306 1000 1184 2026/27 Proj. Sep 1370 5377 28 4245 1387 1143 Oct 1184 5377 28 4274 1193 1124 ================================================================================ WASDE - 676 - 17 October 2026 U.S. Cotton Supply and Use 1/ ================================================================================ 2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj. Item Sep Oct ================================================================================ Million Acres Planted 11.18 9.28 10.45* 10.45** Harvested 7.76 7.83 8.16* 8.16** Pounds Yield per Harvested Acre 892 852 776* 790** Million 480 Pound Bales Beginning Stocks 3.15 4.00 4.15 4.15 Production 14.41 13.90 13.20 13.44 Imports 0.00 0.00 0.01 0.01 Supply, Total 17.56 17.90 17.36 17.60 Domestic Use 1.70 1.50 1.50 1.50 Exports, Total 11.90 12.30 12.30 12.30 Use, Total 13.60 13.80 13.80 13.80 Unaccounted 2/ -0.04 -0.05 -0.04 0.00 Ending Stocks 4.00 4.15 3.60 3.80 Avg. Farm Price 3/ 63.2 62.2 78.0 77.0 ================================================================================ WASDE - 676 - 18 October 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/ 269.76 799.06 201.75 157.33 808.43 210.88 260.40 World Less China 135.24 658.96 197.58 124.33 658.43 209.86 132.62 United States 18.95 53.85 4.07 3.02 31.06 22.56 23.26 Total Foreign 250.81 745.21 197.68 154.31 777.37 188.32 237.13 Major Exporters 4/ 41.37 314.61 11.93 74.01 181.01 152.99 33.92 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 5.31 35.94 0.61 3.06 8.26 29.35 4.24 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/ 177.58 211.33 121.05 51.65 327.32 16.27 166.37 Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78 Brazil 1.71 7.89 7.20 0.70 12.20 1.89 2.70 China 134.52 140.10 4.17 33.00 150.00 1.02 127.78 Japan 1.09 1.03 5.57 0.78 6.28 0.34 1.08 N. Africa 7/ 11.51 15.84 31.77 1.35 46.20 2.51 10.41 Nigeria 0.45 0.13 6.23 0.00 5.90 0.38 0.52 Sel. Mideast 8/ 12.51 23.56 17.59 2.99 40.53 0.68 12.44 Southeast Asia 9/ 4.56 0.00 29.17 9.40 28.27 1.45 4.01 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/ 260.40 844.06 221.57 168.65 822.90 226.91 281.55 World Less China 132.62 703.99 216.12 135.65 672.90 225.81 159.35 United States 23.26 54.14 3.40 3.38 31.05 24.71 25.04 Total Foreign 237.13 789.92 218.17 165.27 791.85 202.21 256.51 Major Exporters 4/ 33.92 363.97 8.52 82.93 190.68 165.96 49.77 Argentina 2.60 27.89 0.02 0.50 7.60 19.10 3.81 Australia 3.99 35.99 0.23 7.00 10.60 23.25 6.36 Canada 4.24 40.56 0.62 3.63 8.98 29.79 6.65 European Union 5/ 11.77 145.14 7.28 50.00 113.50 31.72 18.97 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/ 166.37 205.47 138.25 53.33 332.62 14.88 162.59 Bangladesh 0.78 1.05 7.35 0.30 7.60 0.00 1.58 Brazil 2.70 7.87 6.40 0.75 12.41 1.84 2.72 China 127.78 140.07 5.46 33.00 150.00 1.10 122.20 Japan 1.08 1.03 5.71 0.84 6.42 0.32 1.09 N. Africa 7/ 10.41 17.42 34.99 1.75 48.05 1.70 13.06 Nigeria 0.52 0.13 5.93 0.00 5.70 0.35 0.53 Sel. Mideast 8/ 12.44 19.35 21.89 2.89 41.22 0.75 11.71 Southeast Asia 9/ 4.01 0.00 33.83 11.15 31.23 1.54 5.07 Selected Other India 11.80 117.95 0.13 6.00 107.84 0.24 21.80 Kazakhstan 3.33 19.33 1.50 4.40 9.55 11.60 3.00 United Kingdom 2.69 11.96 3.36 7.20 15.00 0.42 2.58 ================================================================================ WASDE - 676 - 19 October 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/ Sep 280.60 822.43 207.48 164.73 826.75 211.77 276.29 Oct 281.55 822.39 204.80 166.90 827.90 208.97 276.04 World Less China Sep 158.40 681.43 201.48 133.73 678.75 210.77 156.09 Oct 159.35 681.39 198.80 134.90 678.90 207.97 156.83 United States Sep 25.04 41.66 3.81 2.18 29.91 21.09 19.51 Oct 25.04 41.74 3.95 2.45 30.18 20.41 20.14 Total Foreign Sep 255.56 780.78 203.67 162.56 796.84 190.68 256.79 Oct 256.51 780.65 200.85 164.46 797.72 188.56 255.90 Major Exporters 4/ Sep 49.02 336.30 7.80 82.45 190.60 155.50 47.02 Oct 49.77 336.00 7.80 83.45 191.60 153.50 48.47 Argentina Sep 3.81 21.50 0.01 0.25 7.45 15.50 2.37 Oct 3.81 21.50 0.01 0.25 7.45 16.00 1.87 Australia Sep 5.61 31.00 0.24 5.50 9.15 23.50 4.19 Oct 6.36 31.00 0.24 5.50 9.15 23.50 4.94 Canada Sep 6.65 36.00 0.65 3.20 8.55 30.00 4.75 Oct 6.65 36.50 0.65 3.20 8.55 30.50 4.75 European Union 5/ Sep 18.97 133.80 6.50 51.00 114.75 31.00 13.52 Oct 18.97 133.00 6.50 52.00 115.75 31.00 11.72 Russia Sep 11.99 88.00 0.30 18.00 41.20 43.00 16.09 Oct 11.99 88.00 0.30 18.00 41.20 40.00 19.09 Ukraine Sep 2.00 26.00 0.10 4.50 9.50 12.50 6.10 Oct 2.00 26.00 0.10 4.50 9.50 12.50 6.10 Major Importers 6/ Sep 162.36 220.20 126.44 51.52 333.87 14.74 160.39 Oct 162.59 220.24 124.27 52.42 334.05 14.49 158.56 Bangladesh Sep 1.38 1.05 7.00 0.30 8.00 0.00 1.43 Oct 1.58 1.05 6.50 0.30 7.70 0.00 1.43 Brazil Sep 2.72 6.00 7.50 0.60 12.30 1.90 2.02 Oct 2.72 5.80 7.50 0.60 12.30 1.90 1.82 China Sep 122.20 141.00 6.00 31.00 148.00 1.00 120.20 Oct 122.20 141.00 6.00 32.00 149.00 1.00 119.20 Japan Sep 1.22 1.13 5.55 0.75 6.35 0.34 1.21 Oct 1.09 1.02 5.55 0.75 6.20 0.34 1.12 N. Africa 7/ Sep 13.06 23.10 27.55 1.98 48.98 1.95 12.79 Oct 13.06 23.10 27.05 1.98 48.98 1.85 12.39 Nigeria Sep 0.28 0.14 6.20 0.00 5.85 0.40 0.37 Oct 0.53 0.14 5.60 0.00 5.60 0.35 0.32 Sel. Mideast 8/ Sep 11.82 23.24 19.74 2.95 42.20 0.68 11.93 Oct 11.71 23.24 19.67 2.95 42.18 0.68 11.77 Southeast Asia 9/ Sep 5.07 0.00 31.40 10.50 31.25 1.58 3.64 Oct 5.07 0.00 31.40 10.50 31.25 1.58 3.64 India Sep 21.80 121.00 0.10 7.50 111.40 2.00 29.50 Oct 21.80 121.00 0.10 7.50 111.40 2.00 29.50 Kazakhstan Sep 3.00 15.00 1.50 2.80 7.98 9.50 2.03 Oct 3.00 15.00 1.50 2.80 7.98 9.50 2.03 United Kingdom Sep 2.58 12.00 3.60 7.20 15.20 0.50 2.48 Oct 2.58 12.00 3.60 7.20 15.20 0.50 2.48 ================================================================================ WASDE - 676 - 20 October 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/ 345.29 1517.05 226.28 944.44 1538.31 227.90 324.03 World Less China 131.83 1213.58 208.04 694.69 1196.23 227.90 130.94 United States 47.87 391.51 2.19 143.68 323.53 75.68 42.37 Total Foreign 297.41 1125.53 224.09 800.76 1214.78 152.23 281.66 Major Exporters 4/ 21.41 332.41 5.07 141.66 204.98 125.40 28.52 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 72.00 100.93 42.14 11.44 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/ 38.44 228.31 155.15 285.52 375.11 11.29 35.51 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 28.18 27.06 32.55 55.48 0.03 6.02 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/ 324.03 1629.13 246.23 991.18 1614.72 265.99 338.43 World Less China 130.94 1318.94 220.13 732.28 1263.47 265.97 160.33 United States 42.37 446.42 2.34 159.95 342.46 92.63 56.03 Total Foreign 281.66 1182.71 243.90 831.23 1272.26 173.37 282.40 Major Exporters 4/ 28.52 369.19 5.09 148.26 219.77 145.55 37.48 Argentina 5.99 73.42 0.01 16.68 23.07 49.70 6.65 Australia 1.48 21.25 0.00 4.39 6.26 14.66 1.82 Brazil 11.44 149.90 2.65 74.23 109.61 38.80 15.58 Canada 3.48 29.41 2.20 16.50 24.87 6.36 3.86 Russia 1.41 39.35 0.10 22.03 30.60 8.82 1.44 Ukraine 1.35 37.22 0.02 6.95 10.11 23.78 4.70 Major Importers 5/ 35.51 234.28 166.83 296.35 385.34 13.43 37.84 European Union 6/ 13.83 143.63 21.22 111.83 150.89 11.97 15.81 Japan 1.52 0.25 16.97 13.51 17.22 0.00 1.51 Mexico 6.02 29.19 27.36 33.32 56.50 0.03 6.04 N. Afr & Mideast 7/ 6.96 29.73 51.91 71.05 79.94 0.80 7.86 Saudi Arabia 1.41 0.27 10.37 10.28 10.62 0.07 1.37 Southeast Asia 8/ 3.17 30.95 22.71 42.30 53.50 0.56 2.77 South Korea 2.15 0.16 11.57 9.45 11.79 0.00 2.09 Selected Other China 193.09 310.19 26.10 258.90 351.25 0.03 178.10 ================================================================================ WASDE - 676 - 21 October 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/ Sep 332.54 1587.87 244.32 994.77 1615.36 253.46 305.04 Oct 338.43 1588.85 244.85 992.68 1613.97 253.91 313.31 World Less China Sep 154.44 1271.92 219.30 733.92 1262.19 253.44 139.17 Oct 160.33 1272.90 219.70 731.73 1260.67 253.89 147.43 United States Sep 51.69 412.88 2.25 154.35 337.21 87.48 42.13 Oct 56.03 418.42 2.43 155.48 339.48 88.03 49.37 Total Foreign Sep 280.86 1174.99 242.07 840.42 1278.16 165.98 262.91 Oct 282.40 1170.43 242.42 837.20 1274.48 165.88 263.94 Major Exporters 4/ Sep 36.35 360.02 5.15 148.74 223.92 140.67 36.94 Oct 37.48 359.57 5.05 148.34 223.42 140.57 38.11 Argentina Sep 5.55 64.22 0.01 15.03 21.62 43.30 4.86 Oct 6.65 64.02 0.01 15.03 21.62 43.10 5.96 Australia Sep 1.84 21.49 0.00 5.94 7.81 12.83 2.69 Oct 1.82 21.49 0.00 5.84 7.71 12.93 2.66 Brazil Sep 15.59 147.21 2.80 72.05 110.98 43.41 11.21 Oct 15.58 147.26 2.70 71.95 110.83 43.51 11.20 Canada Sep 3.88 30.95 2.14 16.82 25.15 7.78 4.04 Oct 3.86 30.65 2.14 16.62 24.90 7.88 3.87 Russia Sep 1.44 39.97 0.10 23.37 31.62 7.38 2.52 Oct 1.44 39.97 0.10 23.37 31.62 7.18 2.72 Ukraine Sep 4.63 39.09 0.01 7.98 11.34 23.77 8.63 Oct 4.70 39.09 0.01 7.98 11.34 23.77 8.70 Major Importers 5/ Sep 37.88 230.65 165.88 298.10 387.93 10.31 36.17 Oct 37.84 226.54 166.21 295.12 384.56 10.31 35.73 European Union 6/ Sep 15.56 131.03 24.42 108.95 147.87 9.06 14.07 Oct 15.81 128.03 24.42 106.65 145.37 9.06 13.83 Japan Sep 1.51 0.25 16.76 13.26 16.95 0.00 1.58 Oct 1.51 0.25 16.76 13.26 16.95 0.00 1.57 Mexico Sep 6.19 29.70 28.20 35.14 58.77 0.02 5.30 Oct 6.04 29.05 28.30 34.44 58.07 0.02 5.30 N. Afr & Mideast 7/ Sep 7.87 37.88 45.91 73.09 82.34 0.66 8.67 Oct 7.86 37.88 46.20 73.37 82.62 0.66 8.65 Saudi Arabia Sep 1.39 0.27 9.31 9.26 9.60 0.00 1.36 Oct 1.37 0.27 9.31 9.26 9.60 0.00 1.34 Southeast Asia 8/ Sep 2.81 31.25 25.03 44.48 55.88 0.57 2.65 Oct 2.77 30.80 24.98 44.23 55.43 0.57 2.55 South Korea Sep 2.14 0.16 11.62 9.40 11.74 0.00 2.18 Oct 2.09 0.16 11.62 9.40 11.74 0.00 2.13 China Sep 178.10 315.95 25.03 260.85 353.18 0.03 165.88 Oct 178.10 315.95 25.15 260.95 353.30 0.03 165.88 ================================================================================ WASDE - 676 - 22 October 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/ 313.82 1234.98 186.55 785.75 1253.16 187.58 295.64 World Less China 102.63 940.07 184.73 551.75 937.16 187.58 103.71 United States 44.79 378.27 0.55 138.10 311.24 72.97 39.40 Total Foreign 269.03 856.72 186.00 647.66 941.92 114.62 256.24 Major Exporters 4/ 11.77 243.15 1.94 99.03 140.13 96.15 20.58 Argentina 2.46 49.00 0.01 12.70 17.10 29.07 5.30 Brazil 7.35 136.00 1.76 65.00 92.50 42.01 10.60 Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91 South Africa 0.65 17.35 0.11 6.23 13.13 2.05 2.93 Ukraine 0.54 26.80 0.02 5.30 6.50 20.02 0.84 Major Importers 5/ 21.36 121.00 107.30 163.95 225.90 3.33 20.43 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 23.05 25.93 27.50 49.10 0.03 5.48 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/ 295.64 1330.62 198.38 824.28 1319.10 215.96 307.16 World Less China 103.71 1029.38 194.38 586.28 999.10 215.94 130.01 United States 39.40 430.90 0.80 155.44 330.78 87.11 53.22 Total Foreign 256.24 899.73 197.59 668.84 988.33 128.85 253.95 Major Exporters 4/ 20.58 268.80 1.80 103.50 151.40 112.64 27.14 Argentina 5.30 64.00 0.01 14.00 18.60 45.00 5.71 Brazil 10.60 141.00 1.70 67.00 100.50 38.00 14.80 Russia 0.91 14.80 0.05 10.00 11.10 4.00 0.66 South Africa 2.93 18.10 0.03 7.40 14.60 3.40 3.06 Ukraine 0.84 30.90 0.02 5.10 6.60 22.24 2.92 Major Importers 5/ 20.43 119.61 113.21 168.80 230.05 2.89 20.31 Egypt 1.69 6.70 12.90 16.60 19.30 0.00 1.99 European Union 6/ 6.15 56.90 20.00 54.50 74.60 2.30 6.15 Japan 1.37 0.02 15.70 12.40 15.70 0.00 1.39 Mexico 5.48 24.90 26.20 29.20 51.00 0.03 5.55 Southeast Asia 7/ 3.16 30.90 22.31 42.10 53.05 0.56 2.76 South Korea 2.13 0.09 11.45 9.40 11.60 0.00 2.07 Selected Other Canada 1.58 14.87 2.03 9.30 15.30 1.20 1.98 China 191.93 301.24 4.00 238.00 320.00 0.02 177.15 ================================================================================ WASDE - 676 - 23 October 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/ Sep 301.38 1290.95 203.11 827.40 1320.23 210.08 272.10 Oct 307.16 1293.75 203.38 826.33 1320.47 210.72 280.44 World Less China Sep 124.23 983.95 198.11 585.40 996.23 210.06 106.97 Oct 130.01 986.75 198.38 584.33 996.47 210.70 115.31 United States Sep 48.82 401.33 0.64 151.14 327.80 83.19 39.79 Oct 53.22 407.28 0.64 152.41 330.34 83.82 46.97 Total Foreign Sep 252.56 889.62 202.47 676.26 992.43 126.90 232.31 Oct 253.95 886.47 202.74 673.92 990.13 126.90 233.47 Major Exporters 4/ Sep 26.07 258.80 1.87 101.90 153.80 108.90 24.04 Oct 27.14 258.80 1.87 101.90 153.80 108.90 25.11 Argentina Sep 4.71 55.00 0.01 13.00 17.70 38.00 4.01 Oct 5.71 55.00 0.01 13.00 17.70 38.00 5.01 Brazil Sep 14.80 139.00 1.80 65.00 102.00 43.00 10.60 Oct 14.80 139.00 1.80 65.00 102.00 43.00 10.60 Russia Sep 0.66 16.50 0.05 11.00 12.20 3.70 1.31 Oct 0.66 16.50 0.05 11.00 12.20 3.70 1.31 South Africa Sep 3.06 16.50 0.00 7.40 14.70 2.20 2.66 Oct 3.06 16.50 0.00 7.40 14.70 2.20 2.66 Ukraine Sep 2.85 31.80 0.01 5.50 7.20 22.00 5.46 Oct 2.92 31.80 0.01 5.50 7.20 22.00 5.53 Major Importers 5/ Sep 20.36 113.62 120.00 171.55 233.30 2.19 18.50 Oct 20.31 110.47 120.30 169.15 230.50 2.19 18.40 Egypt Sep 1.99 7.00 13.20 17.40 20.10 0.00 2.09 Oct 1.99 7.00 13.50 17.70 20.40 0.00 2.09 European Union 6/ Sep 5.95 50.60 23.50 53.40 73.40 1.60 5.05 Oct 6.15 48.00 23.50 51.20 71.00 1.60 5.05 Japan Sep 1.39 0.02 15.50 12.20 15.50 0.00 1.41 Oct 1.39 0.02 15.50 12.20 15.50 0.00 1.40 Mexico Sep 5.70 24.60 27.20 30.50 52.70 0.02 4.78 Oct 5.55 24.50 27.20 30.20 52.40 0.02 4.83 Southeast Asia 7/ Sep 2.81 31.20 24.55 44.20 55.35 0.57 2.64 Oct 2.76 30.75 24.55 44.00 54.95 0.57 2.54 South Korea Sep 2.12 0.09 11.50 9.35 11.55 0.00 2.17 Oct 2.07 0.09 11.50 9.35 11.55 0.00 2.12 Canada Sep 2.00 16.80 2.00 9.70 15.70 3.00 2.10 Oct 1.98 16.80 2.00 9.70 15.70 3.00 2.08 China Sep 177.15 307.00 5.00 242.00 324.00 0.02 165.13 Oct 177.15 307.00 5.00 242.00 324.00 0.02 165.13 ================================================================================ WASDE - 676 - 24 October 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/ 180.41 542.16 58.01 530.94 61.43 191.63 World Less China 77.41 396.88 55.67 385.98 60.28 87.13 United States 1.27 7.05 1.56 5.30 2.87 1.71 Total Foreign 179.15 535.10 56.45 525.64 58.56 189.92 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 1.93 3.18 0.09 0.64 Egypt 0.46 3.90 0.16 4.05 0.15 0.31 Japan 2.22 7.15 0.84 8.17 0.07 1.97 Mexico 0.12 0.17 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/ 191.63 545.65 55.94 533.06 58.53 204.22 World Less China 87.13 399.32 51.86 385.71 56.47 98.72 United States 1.71 6.56 1.36 5.22 2.56 1.86 Total Foreign 189.92 539.09 54.59 527.85 55.97 202.36 Major Exporters 4/ 56.71 222.92 3.18 169.77 43.90 69.14 Burma 1.00 12.00 0.01 9.30 2.30 1.40 India 48.00 154.02 0.00 121.02 22.00 59.00 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 3.10 22.25 8.10 2.30 Major Importers 5/ 121.40 241.71 21.17 261.18 2.51 120.59 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 0.40 35.30 0.00 4.48 Nigeria 2.16 5.90 2.65 8.50 0.00 2.22 Philippines 3.70 12.35 4.35 17.70 0.00 2.70 Sel. Mideast 7/ 2.21 2.23 4.18 6.98 0.00 1.63 Selected Other Brazil 1.19 7.60 0.93 7.35 1.40 0.96 C. Amer & Carib 8/ 0.64 1.31 1.93 3.28 0.08 0.53 Egypt 0.31 4.20 0.23 4.15 0.15 0.44 Japan 1.97 7.29 0.75 7.46 0.07 2.49 Mexico 0.15 0.17 0.80 1.01 0.01 0.11 South Korea 0.68 3.54 0.41 3.85 0.18 0.60 ================================================================================ WASDE - 676 - 25 October 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/ Sep 202.74 533.85 59.83 539.61 62.62 196.99 Oct 204.22 533.08 58.75 538.80 61.35 198.50 World Less China Sep 97.24 386.85 55.83 392.31 60.42 89.99 Oct 98.72 386.08 55.25 391.50 59.15 92.00 United States Sep 1.86 5.02 1.58 4.70 2.48 1.28 Oct 1.86 5.01 1.58 4.70 2.48 1.27 Total Foreign Sep 200.89 528.83 58.24 534.91 60.14 195.70 Oct 202.36 528.08 57.16 534.10 58.87 197.23 Major Exporters 4/ Sep 68.64 214.00 3.68 173.70 47.70 64.91 Oct 69.14 213.80 3.68 173.70 46.50 66.41 Burma Sep 1.40 11.00 0.01 9.10 2.10 1.21 Oct 1.40 11.00 0.01 9.10 2.10 1.21 India Sep 58.50 147.00 0.00 125.00 25.00 55.50 Oct 59.00 147.00 0.00 125.00 24.00 57.00 Pakistan Sep 2.64 9.60 0.02 4.70 5.00 2.56 Oct 2.64 9.40 0.02 4.70 4.80 2.56 Thailand Sep 3.80 20.30 0.05 12.80 7.50 3.85 Oct 3.80 20.30 0.05 12.80 7.50 3.85 Vietnam Sep 2.30 26.10 3.60 22.10 8.10 1.80 Oct 2.30 26.10 3.60 22.10 8.10 1.80 Major Importers 5/ Sep 120.54 241.28 23.25 262.20 2.65 120.22 Oct 120.59 240.98 22.45 261.90 2.65 119.47 China Sep 105.50 147.00 4.00 147.30 2.20 107.00 Oct 105.50 147.00 3.50 147.30 2.20 106.50 European Union 6/ Sep 0.96 1.73 2.35 3.70 0.41 0.93 Oct 0.96 1.73 2.35 3.70 0.41 0.93 Indonesia Sep 4.58 33.60 0.50 35.00 0.00 3.68 Oct 4.48 33.60 0.50 35.00 0.00 3.58 Nigeria Sep 2.27 5.67 2.90 8.80 0.00 2.04 Oct 2.22 5.67 2.90 8.80 0.00 1.99 Philippines Sep 2.70 12.40 5.60 17.90 0.00 2.80 Oct 2.70 12.10 5.60 17.80 0.00 2.60 Sel. Mideast 7/ Sep 1.63 2.23 4.60 7.00 0.00 1.46 Oct 1.63 2.23 4.60 7.00 0.00 1.46 Brazil Sep 0.96 7.40 0.95 7.30 1.40 0.61 Oct 0.96 7.40 0.95 7.30 1.40 0.61 C. Amer & Carib 8/ Sep 0.53 1.33 2.02 3.33 0.06 0.49 Oct 0.53 1.33 1.99 3.30 0.06 0.49 Egypt Sep 0.44 4.20 0.20 4.18 0.20 0.46 Oct 0.44 4.10 0.20 4.18 0.15 0.41 Japan Sep 1.85 7.38 0.70 8.00 0.08 1.85 Oct 2.49 7.37 0.70 7.95 0.08 2.52 Mexico Sep 0.12 0.19 0.83 1.02 0.01 0.10 Oct 0.11 0.16 0.85 1.02 0.01 0.09 South Korea Sep 0.60 3.49 0.41 3.78 0.18 0.55 Oct 0.60 3.49 0.41 3.78 0.18 0.55 ================================================================================ WASDE - 676 - 26 October 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 73.63 119.55 43.03 118.96 42.40 -0.23 75.07 World Less China 36.91 87.55 37.84 79.96 42.34 -0.23 40.23 United States 3.15 14.41 3/ 1.70 11.90 -0.04 4.00 Total Foreign 70.48 105.14 43.02 117.26 30.50 -0.19 71.07 Major Exporters 4/ 24.38 58.96 4.29 34.94 26.53 -0.19 26.34 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 77.79 3.01 0.00 42.43 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 0.45 1.27 0.00 0.31 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 75.07 122.05 45.01 120.79 45.84 -0.19 75.70 World Less China 40.23 86.25 37.77 79.19 45.80 -0.19 39.46 United States 4.00 13.90 3/ 1.50 12.30 -0.05 4.15 Total Foreign 71.07 108.15 45.01 119.29 33.54 -0.14 71.55 Major Exporters 4/ 26.34 59.06 6.47 36.39 29.71 -0.16 25.93 Central Asia 5/ 3.06 5.76 0.25 4.43 1.80 0.00 2.84 Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.13 0.00 1.17 S. Hemis. 7/ 11.73 24.97 0.15 4.46 22.19 -0.16 10.36 Australia 4.80 4.50 3/ 0.00 5.59 -0.16 3.87 Brazil 3.70 18.75 3/ 3.35 15.50 0.00 3.60 India 9.52 23.80 5.17 26.25 1.10 0.00 11.13 Major Importers 8/ 42.43 46.20 35.82 78.47 2.76 0.02 43.20 Mexico 0.31 0.57 0.62 1.20 0.10 0.02 0.18 China 34.84 35.80 7.25 41.60 0.04 0.00 36.24 European Union 9/ 0.31 1.32 0.38 0.40 1.43 0.00 0.19 Turkey 1.28 3.05 4.73 6.80 1.10 0.00 1.15 Pakistan 2.30 5.30 4.40 9.90 0.05 0.00 2.05 Indonesia 0.41 3/ 2.12 2.05 0.02 0.00 0.46 Thailand 0.11 3/ 0.41 0.43 0.00 0.00 0.10 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 - 676 - 27 October 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 Sep 75.31 117.32 44.24 122.92 44.22 -0.14 69.86 Oct 75.70 117.95 44.72 123.08 44.71 -0.10 70.68 World Less China Sep 39.06 83.82 37.24 80.92 44.15 -0.14 35.19 Oct 39.46 84.45 37.72 81.08 44.63 -0.10 36.01 United States Sep 4.15 13.20 0.01 1.50 12.30 -0.04 3.60 Oct 4.15 13.44 0.01 1.50 12.30 0.00 3.80 Total Foreign Sep 71.16 104.11 44.23 121.42 31.92 -0.10 66.26 Oct 71.55 104.51 44.71 121.58 32.41 -0.10 66.88 Major Exporters 4/ Sep 25.50 58.19 4.50 37.29 28.73 -0.10 22.27 Oct 25.93 58.59 4.80 37.29 29.21 -0.10 22.92 Central Asia 5/ Sep 2.35 5.82 0.25 4.93 1.55 0.00 1.95 Oct 2.84 5.82 0.25 4.93 1.55 0.00 2.44 Afr. Fr. Zone 6/ Sep 1.17 4.30 3/ 0.11 4.32 0.00 1.04 Oct 1.17 4.30 3/ 0.11 4.32 0.00 1.04 S. Hemis. 7/ Sep 10.34 23.60 0.15 4.51 21.04 -0.10 8.64 Oct 10.36 23.98 0.15 4.51 21.49 -0.10 8.58 Australia Sep 3.87 3.00 3/ 0.00 4.50 -0.10 2.47 Oct 3.87 3.00 3/ 0.00 4.50 -0.10 2.47 Brazil Sep 3.60 18.50 0.01 3.40 15.50 0.00 3.21 Oct 3.60 19.00 0.01 3.40 16.00 0.00 3.21 India Sep 11.32 24.00 3.00 26.50 1.50 0.00 10.32 Oct 11.13 24.00 3.30 26.50 1.50 0.00 10.43 Major Importers 8/ Sep 43.24 42.98 36.91 79.58 2.02 0.00 41.52 Oct 43.20 42.98 37.04 79.64 2.02 0.00 41.55 Mexico Sep 0.18 0.67 0.65 1.20 0.10 0.00 0.20 Oct 0.18 0.67 0.70 1.20 0.10 0.00 0.25 China Sep 36.24 33.50 7.00 42.00 0.08 0.00 34.67 Oct 36.24 33.50 7.00 42.00 0.08 0.00 34.67 European Union 9/ Sep 0.23 1.25 0.43 0.46 1.17 0.00 0.28 Oct 0.19 1.25 0.41 0.42 1.17 0.00 0.26 Turkey Sep 1.15 2.40 5.00 6.80 0.60 0.00 1.15 Oct 1.15 2.40 5.00 6.80 0.60 0.00 1.15 Pakistan Sep 2.05 5.00 5.10 10.20 0.05 0.00 1.90 Oct 2.05 5.00 5.10 10.20 0.05 0.00 1.90 Indonesia Sep 0.46 3/ 2.10 2.10 0.02 0.00 0.45 Oct 0.46 3/ 2.10 2.10 0.02 0.00 0.45 Thailand Sep 0.10 3/ 0.45 0.45 0.00 0.00 0.10 Oct 0.10 3/ 0.45 0.45 0.00 0.00 0.10 Bangladesh Sep 1.67 0.15 7.40 7.60 0.00 0.00 1.62 Oct 1.67 0.15 7.40 7.60 0.00 0.00 1.62 Vietnam Sep 1.02 3/ 8.20 8.20 0.00 0.00 1.03 Oct 1.02 3/ 8.30 8.30 0.00 0.00 1.03 ================================================================================ WASDE - 676 - 28 October 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/ 115.10 428.11 179.15 359.16 412.06 184.33 125.97 World Less China 71.79 407.46 71.15 255.66 284.66 184.26 81.48 United States 9.32 119.05 0.81 66.55 68.84 51.50 8.84 Total Foreign 105.78 309.07 178.34 292.62 343.22 132.84 117.13 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/ 46.21 24.54 142.49 133.17 164.80 0.42 48.02 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 1.56 Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.14 0.01 1.22 Mexico 0.61 0.28 6.43 6.65 6.74 0.00 0.59 2025/26 Est. World 2/ 125.97 429.19 188.53 375.84 432.33 186.42 124.93 World Less China 81.48 408.29 75.53 266.84 298.43 186.29 80.57 United States 8.84 115.97 0.61 72.00 75.59 41.24 8.58 Total Foreign 117.13 313.22 187.92 303.84 356.74 145.18 116.35 Major Exporters 3/ 63.22 244.00 8.58 109.40 119.96 133.66 62.18 Argentina 24.67 49.30 7.50 43.00 48.90 8.90 23.67 Brazil 37.69 180.50 1.05 62.50 66.90 114.46 37.88 Paraguay 0.29 12.10 0.02 3.80 3.91 8.20 0.30 Major Importers 4/ 48.02 24.70 148.33 139.34 172.42 0.47 48.16 China 44.49 20.90 113.00 109.00 133.90 0.13 44.36 European Union 1.56 2.85 14.00 15.00 16.57 0.33 1.52 Southeast Asia 5/ 1.22 0.41 11.23 5.94 11.47 0.01 1.39 Mexico 0.59 0.30 6.89 6.95 7.05 0.00 0.73 2026/27 Proj. World 2/ Sep 125.27 442.35 190.42 385.22 442.44 191.58 124.02 Oct 124.93 442.70 190.82 385.71 442.18 192.00 124.28 World Less China Sep 80.91 421.35 75.42 274.22 306.44 191.48 79.76 Oct 80.57 421.70 75.82 274.71 306.18 191.90 80.02 United States Sep 8.85 123.42 0.68 75.66 78.66 45.86 8.43 Oct 8.58 124.15 0.68 75.66 78.70 46.13 8.57 Total Foreign Sep 116.42 318.92 189.74 309.57 363.79 145.72 115.58 Oct 116.35 318.55 190.14 310.06 363.48 145.87 115.71 Major Exporters 3/ Sep 62.39 250.20 7.33 111.75 123.26 134.70 61.96 Oct 62.18 250.20 7.53 112.25 123.26 134.70 61.95 Argentina Sep 24.07 50.00 6.50 43.00 49.65 6.45 24.47 Oct 23.67 50.00 6.50 43.50 49.65 6.45 24.07 Brazil Sep 37.69 186.00 0.80 65.00 69.60 118.00 36.89 Oct 37.88 186.00 1.00 65.00 69.60 118.00 37.28 Paraguay Sep 0.30 11.10 0.02 3.60 3.71 7.35 0.36 Oct 0.30 11.10 0.02 3.60 3.71 7.35 0.36 Major Importers 4/ Sep 48.03 24.74 150.34 141.57 174.83 0.38 47.90 Oct 48.16 24.67 150.34 141.67 174.89 0.37 47.91 China Sep 44.36 21.00 115.00 111.00 136.00 0.10 44.26 Oct 44.36 21.00 115.00 111.00 136.00 0.10 44.26 European Union Sep 1.52 2.80 13.70 14.85 16.37 0.25 1.40 Oct 1.52 2.73 13.70 14.85 16.37 0.25 1.33 Southeast Asia 5/ Sep 1.36 0.38 11.64 6.27 11.92 0.02 1.44 Oct 1.39 0.38 11.64 6.37 11.99 0.01 1.41 Mexico Sep 0.63 0.32 6.75 6.95 7.05 0.01 0.64 Oct 0.73 0.32 6.75 6.95 7.05 0.01 0.74 ================================================================================ WASDE - 676 - 29 October 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 77.73 272.84 82.89 18.06 World Less China 13.51 199.78 77.69 191.99 81.87 17.12 United States 0.41 53.02 0.73 37.41 16.40 0.36 Total Foreign 13.89 228.74 77.00 235.44 66.49 17.70 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 64.91 1.05 3.66 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 22.71 0.40 1.51 China 0.79 81.97 0.05 80.85 1.02 0.94 2025/26 Est. World 2/ 18.06 293.94 82.28 288.05 86.98 19.25 World Less China 17.12 208.27 82.13 203.50 85.98 18.04 United States 0.36 57.07 0.92 39.35 18.60 0.41 Total Foreign 17.70 236.87 81.36 248.70 68.38 18.84 Major Exporters 3/ 6.51 88.97 0.43 32.53 56.31 7.06 Argentina 2.74 33.11 0.38 3.60 29.80 2.83 Brazil 3.47 47.88 0.00 21.80 25.51 4.04 India 0.30 7.98 0.05 7.13 1.00 0.20 Major Importers 4/ 3.66 23.78 45.19 68.09 0.99 3.55 European Union 1.72 11.85 20.30 31.54 0.70 1.63 Mexico 0.31 5.49 2.98 8.40 0.00 0.38 Southeast Asia 5/ 1.51 4.68 20.39 24.83 0.29 1.45 China 0.94 85.67 0.15 84.55 1.00 1.22 2026/27 Proj. World 2/ Sep 19.27 301.94 85.45 297.57 89.44 19.65 Oct 19.25 302.40 86.09 297.81 90.05 19.89 World Less China Sep 18.05 214.03 85.35 210.72 88.34 18.37 Oct 18.04 214.49 85.99 210.96 88.95 18.61 United States Sep 0.41 59.69 0.82 39.92 20.59 0.41 Oct 0.41 59.69 0.91 40.01 20.59 0.41 Total Foreign Sep 18.86 242.25 84.64 257.65 68.85 19.24 Oct 18.84 242.71 85.18 257.80 69.46 19.48 Major Exporters 3/ Sep 6.95 91.12 0.41 33.75 57.70 7.03 Oct 7.06 91.51 0.46 33.75 58.10 7.18 Argentina Sep 2.83 33.11 0.30 3.65 29.60 2.99 Oct 2.83 33.50 0.35 3.65 30.00 3.02 Brazil Sep 3.92 50.01 0.01 23.00 27.10 3.84 Oct 4.04 50.01 0.01 23.00 27.10 3.96 India Sep 0.20 8.00 0.10 7.10 1.00 0.20 Oct 0.20 8.00 0.10 7.10 1.00 0.20 Major Importers 4/ Sep 3.64 24.00 47.38 70.39 0.89 3.74 Oct 3.55 24.08 47.43 70.28 0.89 3.88 European Union Sep 1.63 11.73 20.40 31.57 0.60 1.59 Oct 1.63 11.73 20.40 31.57 0.60 1.59 Mexico Sep 0.37 5.49 3.15 8.68 0.00 0.33 Oct 0.38 5.49 3.25 8.75 0.00 0.37 Southeast Asia 5/ Sep 1.55 4.90 22.20 26.65 0.29 1.72 Oct 1.45 4.98 22.15 26.48 0.29 1.83 China Sep 1.22 87.91 0.10 86.85 1.10 1.28 Oct 1.22 87.91 0.10 86.85 1.10 1.28 ================================================================================ WASDE - 676 - 30 October 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 14.18 68.24 15.26 6.47 World Less China 4.55 49.97 13.89 47.74 14.94 5.72 United States 0.70 13.25 0.16 12.21 1.12 0.79 Total Foreign 5.01 56.81 14.02 56.03 14.14 5.67 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/ 6.47 73.60 13.82 71.98 15.50 6.42 World Less China 5.72 51.80 13.67 51.18 14.40 5.62 United States 0.79 13.93 0.24 13.77 0.44 0.75 Total Foreign 5.67 59.67 13.58 58.21 15.05 5.66 Major Exporters 3/ 1.25 24.91 1.06 15.94 10.10 1.18 Argentina 0.32 8.58 0.15 1.98 6.75 0.32 Brazil 0.21 12.76 0.08 10.90 1.95 0.19 European Union 0.63 2.85 0.83 2.98 0.75 0.57 Major Importers 4/ 2.75 25.39 7.64 31.58 1.33 2.88 China 0.75 21.80 0.15 20.80 1.10 0.80 India 1.58 1.80 5.50 7.20 0.04 1.64 North Africa 5/ 0.33 1.38 1.38 2.48 0.19 0.41 2026/27 Proj. World 2/ Sep 6.51 75.12 13.43 73.38 14.75 6.92 Oct 6.42 75.24 13.63 73.48 14.95 6.85 World Less China Sep 5.71 53.57 13.23 52.58 13.75 6.17 Oct 5.62 53.69 13.48 52.78 13.95 6.05 United States Sep 0.83 14.94 0.27 15.02 0.18 0.85 Oct 0.75 14.94 0.32 15.02 0.18 0.82 Total Foreign Sep 5.67 60.18 13.16 58.37 14.57 6.07 Oct 5.66 60.30 13.31 58.47 14.77 6.04 Major Exporters 3/ Sep 1.28 25.34 0.84 16.09 9.75 1.63 Oct 1.18 25.45 0.89 16.11 9.85 1.56 Argentina Sep 0.42 8.58 0.14 1.99 6.65 0.50 Oct 0.32 8.68 0.14 1.99 6.75 0.40 Brazil Sep 0.20 13.26 0.10 11.40 1.70 0.46 Oct 0.19 13.27 0.10 11.40 1.70 0.46 European Union Sep 0.57 2.82 0.60 2.61 0.80 0.59 Oct 0.57 2.82 0.65 2.63 0.80 0.61 Major Importers 4/ Sep 2.81 25.26 7.35 31.34 1.19 2.89 Oct 2.88 25.25 7.30 31.31 1.19 2.93 China Sep 0.80 21.56 0.20 20.80 1.00 0.75 Oct 0.80 21.56 0.15 20.70 1.00 0.80 India Sep 1.55 1.80 5.00 6.65 0.02 1.69 Oct 1.64 1.80 5.00 6.75 0.02 1.68 North Africa 5/ Sep 0.44 1.46 1.35 2.65 0.18 0.42 Oct 0.41 1.46 1.35 2.63 0.18 0.42 ================================================================================ WASDE - 676 - 31 October 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 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 12419 1269 13839 26783 2253 60.3 III 6105 6570 12710 12850 1315 14325 27035 2325 59.2 IV* 6395 7245 13677 12450 1320 13910 27587 2350 58.7 SepProj. 24877 27771 52795 49620 5099 55292 108087 9140 237.2 OctProj. 24802 27621 52567 49720 5134 55442 108009 9160 236.9 2027 I* 6080 6950 13067 12150 1260 13545 26612 2310 59.3 II* 6100 6720 12857 12550 1285 13975 26832 2325 60.7 III* 6170 6790 12995 12900 1315 14360 27355 2345 59.4 SepProj. 24835 28070 53055 50000 5125 55680 108735 9320 238.6 OctProj. 24675 27825 52645 50150 5180 55885 108530 9340 238.4 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2025 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 230.82 67.86 117.3 180.7 101.9 19.60 IV* 225.00 55.00 116.0 175.0 120.0 20.40 SepProj. 237.35 64.82 118.8 174.6 106.6 19.90 OctProj. 237.56 63.79 118.9 175.5 103.5 19.90 2027 I* 235.00 60.00 120.0 145.0 120.0 20.50 II* 235.00 65.00 123.0 140.0 100.0 20.10 III* 240.00 68.00 120.0 145.0 100.0 20.20 SepProj. 238 64 122 140 111 19.80 OctProj. 238 63 121 145 111 20.45 ================================================================================ WASDE - 676 - 32 October 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. Sep 577 24945 6262 31784 2343 565 28876 59.0 Oct 577 24870 6347 31794 2343 580 28871 58.9 2027 Proj. Sep 565 24903 6050 31518 2325 575 28618 58.3 Oct 580 24743 6175 31498 2325 575 28598 58.3 Pork 2025 435 27593 1117 29145 6972 430 21744 49.3 2026 Proj. Sep 430 27787 1164 29381 7110 445 21825 49.4 Oct 430 27637 1169 29236 7050 450 21735 49.2 2027 Proj. Sep 445 28086 1165 29696 7190 435 22071 49.9 Oct 450 27841 1180 29471 7095 440 21936 49.5 TotalRed Meat5/ 2025 1058 53833 6853 61744 9557 1024 51163 109.8 2026 Proj. Sep 1024 52889 7790 61703 9460 1027 51216 109.7 Oct 1024 52661 7878 61562 9400 1047 51115 109.5 2027 Proj. Sep 1027 53149 7585 61761 9522 1028 51211 109.5 Oct 1047 52739 7725 61511 9427 1033 51051 109.2 Broiler 2025 761 47493 152 48406 6665 786 40955 102.9 2026 Proj. Sep 786 49090 136 50012 6593 780 42639 106.8 Oct 786 49188 136 50111 6698 765 42648 106.9 2027 Proj. Sep 780 49465 136 50381 6500 790 43091 107.7 Oct 765 49613 136 50514 6620 790 43104 107.8 Turkey 2025 219 4844 38 5101 420 175 4507 13.2 2026 Proj. Sep 175 5099 37 5311 441 190 4679 13.6 Oct 175 5134 36 5345 461 190 4693 13.7 2027 Proj. Sep 190 5125 36 5351 415 190 4746 13.8 Oct 190 5180 36 5406 450 190 4766 13.9 Total Poultry6/ 2025 985 52845 193 54023 7131 973 45919 117.4 2026 Proj. Sep 973 54760 176 55909 7076 982 47851 122.0 Oct 973 54909 176 56058 7201 967 47890 122.1 2027 Proj. Sep 982 55144 174 56300 6959 991 48350 123.1 Oct 967 55348 176 56491 7114 991 48386 123.2 RedMeat& Poultry 2025 2043 106679 7046 115767 16688 1997 97082 227.3 2026 Proj. Sep 1997 107649 7966 117612 16536 2009 99067 231.7 Oct 1997 107570 8053 117620 16601 2014 99005 231.6 2027 Proj. Sep 2009 108293 7759 118062 16481 2019 99561 232.6 Oct 2014 108087 7901 118002 16541 2024 99437 232.3 ================================================================================ WASDE - 676 - 33 October 2026 U.S. Egg Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Sep Oct Sep Oct ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.1 14.2 17.1 17.1 22.0 20.0 Production 9076.2 8765.0 9140.0 9160.0 9320.0 9340.0 Imports 30.1 120.9 17.7 17.7 12.0 12.0 Total Supply 9129.4 8900.1 9174.7 9194.7 9354.0 9372.0 Use Exports 235.7 203.5 271.8 268.8 300.0 300.0 Hatching Use 1148.2 1163.8 1181.1 1181.1 1180.0 1180.0 Ending Stocks 14.2 17.1 22.0 20.0 22.0 22.0 Disappearance Total 7731.3 7515.8 7699.9 7724.9 7852.0 7870.0 Per Capita (number) 272.8 263.8 269.5 270.4 274.3 274.9 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj. Commodity Sep Oct Sep Oct ================================================================================ Billion Pounds Milk Production 225.9 231.7 237.2 236.9 238.6 238.4 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 13.8 13.1 12.6 12.6 12.8 12.8 Marketings 224.9 230.7 236.2 235.9 237.6 237.4 Imports 9.1 7.4 8.8 9.0 8.5 8.8 Total Supply 247.8 251.1 257.6 257.6 258.9 259.0 FatBasisUse Exports 11.8 16.7 20.5 20.3 20.3 20.1 Ending Stocks 13.1 12.6 12.8 12.8 12.2 12.2 Domestic Use 222.9 221.7 224.3 224.5 226.5 226.7 Skim-solidBasisSupply BeginningStocks 9.8 9.1 9.2 9.2 9.5 9.0 Marketings 224.9 230.7 236.2 235.9 237.6 237.4 Imports 6.8 6.9 6.7 6.7 6.8 6.8 Total Supply 241.5 246.6 252.1 251.9 253.9 253.2 Skim-solidBasisUse Exports 48.5 47.9 49.1 49.1 49.3 49.2 Ending Stocks 9.1 9.2 9.5 9.0 9.1 8.7 Domestic Use 183.9 189.5 193.5 193.8 195.5 195.3 ================================================================================ WASDE - 676 - 34 October 2026 U.S. Dairy Prices ================================================================================ Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj. ity Sep Oct Sep Oct ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.8634 1.7878 1.570 1.525 1.645 1.615 Butter 2.8870 2.2202 1.595 1.560 1.625 1.550 Nonfat Dry Milk 1.2420 1.2348 1.670 1.735 1.550 1.740 Dry Whey 0.4913 0.5956 0.670 0.680 0.690 0.715 Milk Prices 2/ Dollars Per Cwt ClassIII 18.89 18.01 16.20 15.80 17.10 16.90 Class IV 20.75 17.38 18.55 18.90 17.55 18.90 All Milk 3/ 22.55 21.18 19.90 19.90 19.80 20.45 ================================================================================ WASDE - 676 - 35 October 2026 Reliability of October Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 1.6 2.8 7.5 0.1 27.8 32 11 U.S. 0.7 1.2 0.2 0.0 1.6 13 17 Foreign 1.8 3.1 7.4 0.1 26.8 32 11 Exports World 5.6 9.4 6.6 0.0 19.3 34 8 U.S. 7.9 13.3 2.0 0.2 10.0 20 23 Foreign 6.6 11.1 6.2 0.5 17.3 36 7 Domestic Use World 1.5 2.6 7.1 0.5 29.9 26 17 U.S. 5.8 9.8 1.5 0.1 3.6 11 32 Foreign 1.6 2.7 7.1 0.2 29.9 27 16 Ending Stocks World 7.6 12.9 10.1 0.4 32.5 32 11 U.S. 11.0 18.6 2.0 0.0 6.8 27 16 Foreign 8.1 13.6 8.7 0.0 29.3 32 11 COARSE GRAINS 2/ Production World 1.9 3.2 16.5 0.8 56.3 33 10 U.S. 2.6 4.4 4.9 0.1 17.9 25 18 Foreign 2.5 4.1 15.4 0.6 61.4 33 10 Exports World 6.9 11.7 7.4 0.1 28.9 30 13 U.S. 15.8 26.6 7.0 0.7 19.3 20 23 Foreign 12.3 20.7 7.4 0.6 21.4 29 14 Domestic Use World 1.5 2.6 12.7 0.2 44.4 28 15 U.S. 3.5 5.8 5.5 0.0 17.0 23 20 Foreign 1.8 3.0 11.3 0.0 42.1 29 14 Ending Stocks World 12.9 21.7 17.3 0.2 170.0 34 9 U.S. 24.2 40.8 8.8 0.5 29.1 23 20 Foreign 15.8 26.6 15.5 0.7 153.5 36 7 RICE, milled Production World 2.2 3.6 6.1 0.0 20.9 34 8 U.S. 3.1 5.2 0.1 0.0 0.5 23 20 Foreign 2.2 3.7 6.1 0.1 21.0 34 9 Exports World 9.0 15.1 1.9 0.1 6.3 31 12 U.S. 10.6 17.8 0.2 0.0 0.8 20 21 Foreign 10.2 17.2 1.9 0.0 6.3 31 12 Domestic Use World 1.7 2.9 4.3 0.3 20.3 32 11 U.S. 7.5 12.6 0.2 0.0 0.6 22 20 Foreign 1.8 3.0 4.3 0.1 20.7 32 11 Ending Stocks World 10.8 18.2 5.9 0.2 26.6 35 8 U.S. 22.6 38.1 0.2 0.0 0.8 22 20 Foreign 11.3 19.0 6.0 0.1 26.6 36 7 ================================================================================ WASDE - 676 - 36 October 2026 Reliability of October 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 4.4 7.4 7.3 0.1 31.9 20 23 U.S. 2.7 4.6 1.5 0.0 4.0 18 25 Foreign 7.1 11.9 7.2 0.0 31.5 19 24 Exports World 7.5 12.6 4.3 0.3 19.7 26 17 U.S. 10.9 18.3 2.7 0.1 8.6 25 18 Foreign 17.2 29.0 3.9 0.1 21.2 21 22 Domestic Use World 3.0 5.1 4.8 0.0 16.9 23 19 U.S. 3.7 6.2 1.4 0.0 4.5 26 16 Foreign 3.8 6.3 4.5 0.1 16.4 26 17 Ending Stocks World 16.5 27.8 5.0 0.3 18.6 25 18 U.S. 42.5 71.6 2.2 0.0 6.6 11 32 Foreign 18.1 30.4 4.6 0.3 19.9 23 20 COTTON Production World 4.3 7.3 2.9 0.0 10.9 23 19 U.S. 5.4 9.0 0.7 0.0 2.4 24 19 Foreign 4.9 8.2 2.6 0.0 10.5 21 21 Exports World 8.0 13.5 2.2 0.1 8.5 25 18 U.S. 16.6 27.9 1.1 0.1 3.1 25 18 Foreign 11.0 18.5 1.7 0.1 8.3 22 21 Domestic Use World 4.8 8.0 3.5 0.1 19.5 19 24 U.S. 10.2 17.2 0.3 0.0 1.2 19 23 Foreign 4.8 8.1 3.4 0.0 18.6 19 24 Ending Stocks World 12.8 21.5 5.1 0.0 15.8 25 17 U.S. 36.5 61.5 1.2 0.0 4.3 15 27 Foreign 13.6 23.0 4.7 0.2 15.6 29 14 ================================================================================ WASDE - 676 - 37 October 2026 Reliability of United States October 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 2.7 4.6 189 5 618 24 19 Exports 16.2 27.3 255 12 700 20 23 Domestic Use 3.7 6.3 217 5 600 25 18 Ending Stocks 26.8 45.2 331 18 1187 23 20 SORGHUM Production 6.9 11.7 20 0 71 23 19 Exports 26.2 44.1 39 1 130 22 21 Domestic Use 20.6 34.8 36 0 125 20 22 Ending Stocks 50.0 84.2 27 0 142 15 27 BARLEY Production 1.4 2.3 3 0 24 9 16 Exports 64.5 108.5 10 0 38 19 19 Domestic Use 8.0 13.5 17 0 70 15 27 Ending Stocks 15.0 25.2 13 1 56 25 18 OATS Production 2.7 4.5 2 0 18 7 12 Exports 85.5 143.9 1 0 8 12 12 Domestic Use 5.3 8.9 10 0 39 15 27 Ending Stocks 22.0 37.0 14 0 47 28 14 Thousand Short Tons SOYBEAN MEAL Production 3.5 5.9 1061 21 3077 28 15 Exports 11.0 18.6 745 0 2200 26 16 Domestic Use 3.4 5.8 807 45 2650 24 19 Ending Stocks 30.6 51.6 47 0 198 16 17 Million Pounds SOYBEAN OIL Production 3.6 6.0 494 1 1473 32 11 Exports 52.4 88.3 414 25 1525 25 18 Domestic Use 3.8 6.3 465 0 1928 28 14 Ending Stocks 24.8 41.8 367 15 1327 23 20 ANIMAL PROD. 3/ Million Pounds Beef 3.8 6.5 784 18 2461 27 15 Pork 3.0 5.1 408 2 1592 20 22 Broilers 1.8 3.0 414 1 1337 26 16 Turkeys 4.1 6.9 155 2 510 20 22 Million Dozen Eggs 2.0 3.4 122 4 468 24 18 Billion Pounds Milk 1.5 2.6 2.1 0.2 6.8 21 21 ================================================================================