WASDE

WASDE - 647 - 8 April 2024 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/ 2021/22 2794.18 3589.21 513.28 2794.83 794.38 2022/23 (Est.) 2749.83 3544.21 494.49 2762.90 781.31 2023/24 (Proj.) Mar 2809.49 3589.13 507.86 2814.47 774.66 Apr 2808.02 3589.33 507.84 2814.33 774.99 Wheat 2021/22 780.35 1064.02 202.76 791.34 272.69 2022/23 (Est.) 789.34 1062.03 220.17 791.02 271.00 2023/24 (Proj.) Mar 786.70 1057.80 212.13 798.98 258.83 Apr 787.36 1058.37 213.47 800.10 258.27 Coarse Grains 5/ 2021/22 1500.73 1824.37 253.62 1485.87 338.50 2022/23 (Est.) 1446.07 1784.58 220.25 1452.24 332.34 2023/24 (Proj.) Mar 1507.41 1838.76 243.15 1492.63 346.14 Apr 1505.13 1837.46 241.43 1492.89 344.58 Rice, milled 2021/22 513.10 700.81 56.91 517.63 183.19 2022/23 (Est.) 514.42 697.61 54.07 519.64 177.97 2023/24 (Proj.) Mar 515.39 692.57 52.58 522.87 169.70 Apr 515.53 693.50 52.94 521.35 172.15 United States Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 2023/24 (Proj.) Mar 459.13 520.63 81.81 361.26 77.57 Apr 459.13 520.46 81.90 361.55 77.01 Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 2023/24 (Proj.) Mar 49.31 68.76 19.32 31.14 18.30 Apr 49.31 68.63 19.32 30.32 18.98 Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 2023/24 (Proj.) Mar 402.89 442.62 59.69 324.99 57.94 Apr 402.89 442.58 59.69 326.25 56.64 Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 2023/24 (Proj.) Mar 6.93 9.26 2.79 5.14 1.32 Apr 6.93 9.26 2.89 4.99 1.38 ================================================================================ WASDE - 647 - 9 April 2024 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/ 2021/22 2347.01 3077.23 418.46 2434.77 737.29 2022/23 (Est.) 2343.40 3072.85 426.76 2412.87 727.71 2023/24 (Proj.) Mar 2350.36 3068.50 426.06 2453.20 697.10 Apr 2348.89 3068.86 425.94 2452.78 697.98 Wheat 2021/22 735.55 993.60 181.10 760.92 254.33 2022/23 (Est.) 744.44 995.46 199.52 760.60 255.50 2023/24 (Proj.) Mar 737.39 989.04 192.81 767.84 240.52 Apr 738.05 989.74 194.15 769.78 239.28 Coarse Grains 5/ 2021/22 1104.43 1391.47 183.10 1160.95 301.03 2022/23 (Est.) 1089.62 1387.40 175.21 1137.24 295.20 2023/24 (Proj.) Mar 1104.52 1396.15 183.46 1167.64 288.19 Apr 1102.24 1394.88 181.74 1166.64 287.93 Rice, milled 2021/22 507.03 692.16 54.26 512.89 181.92 2022/23 (Est.) 509.34 690.00 52.03 515.03 177.01 2023/24 (Proj.) Mar 508.46 683.31 49.79 517.72 168.38 Apr 508.60 684.24 50.05 516.36 170.77 ================================================================================ 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 2021/22 114.51 192.18 43.32 116.10 76.32 2022/23 (Est.) 116.15 192.47 37.04 111.22 82.61 2023/24 (Proj.) Mar 112.96 195.92 43.26 112.94 83.34 Apr 112.92 195.53 43.97 112.82 83.08 United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 2023/24 (Proj.) Mar 12.10 16.36 12.30 1.75 2.50 Apr 12.10 16.36 12.30 1.75 2.50 Foreign 4/ 2021/22 96.98 171.50 28.84 113.55 72.27 2022/23 (Est.) 101.68 173.95 24.27 109.17 78.36 2023/24 (Proj.) Mar 100.86 179.57 30.96 111.19 80.84 Apr 100.82 179.17 31.67 111.07 80.58 ================================================================================ WASDE - 647 - 10 April 2024 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 2021/22 611.55 725.45 179.56 512.24 112.01 2022/23 (Est.) 637.47 749.48 202.02 524.88 119.88 2023/24 (Proj.) Mar 658.68 779.44 199.63 541.25 131.36 Apr 658.50 778.38 199.41 541.84 130.60 Oilmeals 2021/22 350.98 370.46 96.54 348.08 20.01 2022/23 (Est.) 357.27 377.28 97.72 355.39 17.02 2023/24 (Proj.) Mar 369.37 386.93 101.85 364.42 18.83 Apr 369.60 386.62 102.84 364.51 18.30 Vegetable Oils 2021/22 208.13 237.27 79.56 202.61 29.34 2022/23 (Est.) 217.88 247.22 88.77 210.74 31.35 2023/24 (Proj.) Mar 222.85 254.21 88.99 218.16 30.85 Apr 223.17 254.51 89.08 218.15 31.08 United States Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.16 8.85 2023/24 (Proj.) Mar 122.37 132.65 48.05 66.66 10.10 Apr 122.37 132.48 47.48 66.68 10.76 Oilmeals 2021/22 49.23 53.19 12.46 40.38 0.35 2022/23 (Est.) 49.94 54.60 13.50 40.69 0.41 2023/24 (Proj.) Mar 51.56 56.21 14.54 41.23 0.44 Apr 51.58 56.23 14.54 41.24 0.44 Vegetable Oils 2021/22 13.05 19.61 1.05 17.27 1.30 2022/23 (Est.) 13.18 20.75 0.33 19.28 1.14 2023/24 (Proj.) Mar 13.55 21.35 0.29 19.94 1.11 Apr 13.58 21.51 0.31 20.06 1.14 Foreign 3/ Oilseeds 2021/22 480.22 584.31 120.01 448.37 102.87 2022/23 (Est.) 511.72 613.06 146.91 460.72 111.04 2023/24 (Proj.) Mar 536.31 646.79 151.58 474.59 121.26 Apr 536.12 645.91 151.94 475.16 119.83 Oilmeals 2021/22 301.75 317.27 84.08 307.70 19.66 2022/23 (Est.) 307.33 322.68 84.22 314.71 16.60 2023/24 (Proj.) Mar 317.81 330.72 87.31 323.20 18.39 Apr 318.03 330.39 88.30 323.27 17.86 Vegetable Oils 2021/22 195.08 217.65 78.52 185.33 28.05 2022/23 (Est.) 204.70 226.48 88.44 191.46 30.21 2023/24 (Proj.) Mar 209.29 232.86 88.70 198.22 29.74 Apr 209.59 233.00 88.78 198.09 29.95 ================================================================================ WASDE - 647 - 11 April 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 570 570 Production 1646 1650 1812 1812 Imports 96 122 145 140 Supply, Total 2588 2446 2527 2522 Food 971 973 960 960 Seed 58 68 64 64 Feed and Residual 88 77 120 90 Domestic, Total 1117 1118 1144 1114 Exports 796 759 710 710 Use, Total 1913 1876 1854 1824 Ending Stocks 674 570 673 698 Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.15 7.10 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 18 65 7 6 44 140 Supply, Total 3/ 842 688 546 315 131 2522 Food 378 255 160 84 83 960 Seed 27 16 12 6 3 64 Feed and Residual 25 -10 90 -10 -5 90 Domestic Use 430 261 262 80 81 1114 Exports 135 230 165 155 25 710 Use, Total 565 491 427 235 106 1824 Ending Stocks, Total Apr 277 197 119 80 25 698 Mar 282 177 119 74 21 673 ================================================================================ WASDE - 647 - 12 April 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Acres FEED GRAINS Area Planted 105.5 100.0 107.5 107.5 Area Harvested 94.1 86.6 96.0 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.19 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.1 37.1 Production 396.0 356.1 402.6 402.6 Imports 2.3 2.9 2.3 2.3 Supply, Total 432.4 396.5 442.0 442.0 Feed and Residual 147.4 142.3 147.5 148.3 Food, Seed & Industrial 177.0 172.1 176.9 177.4 Domestic, Total 324.4 314.4 324.4 325.7 Exports 70.5 45.0 59.7 59.7 Use, Total 394.9 359.4 384.1 385.4 Ending Stocks 37.5 37.1 57.9 56.6 Million Acres CORN Area Planted 92.9 88.2 94.6 94.6 Area Harvested 85.0 78.7 86.5 86.5 Bushels Yield per Harvested Acre 176.7 173.4 177.3 177.3 Million Bushels Beginning Stocks 1235 1377 1360 1360 Production 15018 13651 15342 15342 Imports 24 39 25 25 Supply, Total 16277 15066 16727 16727 Feed and Residual 5671 5486 5675 5700 Food,Seed& Industrial 2/ 6757 6558 6780 6805 Ethanol & by-products 3/ 5320 5176 5375 5400 Domestic, Total 12427 12045 12455 12505 Exports 2472 1661 2100 2100 Use, Total 14900 13706 14555 14605 Ending Stocks 1377 1360 2172 2122 Avg.FarmPrice ($/bu) 4/ 6.00 6.54 4.75 4.70 ================================================================================ WASDE - 647 - 13 April 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 7.2 7.2 AreaHarvested(mil.acres) 6.5 4.6 6.1 6.1 Yield (bushels/acre) 69.0 41.1 52.0 52.0 Beginning Stocks 20 47 24 24 Production 448 188 318 318 Imports 0 0 0 0 Supply, Total 468 235 342 342 Feed and Residual 80 42 45 50 Food, Seed & Industrial 45 59 30 25 Total Domestic 125 102 75 75 Exports 296 109 245 245 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg.FarmPrice ($/bu) 2/ 5.94 5.94 4.85 4.85 BARLEY AreaPlanted (mil. acres) 2.7 2.9 3.1 3.1 AreaHarvested(mil.acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 15 15 Supply, Total 207 235 266 266 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 4 4 Use, Total 170 169 189 189 Ending Stocks 37 66 77 77 Avg.FarmPrice ($/bu) 2/ 5.31 7.40 7.40 7.35 OATS AreaPlanted (mil. acres) 2.6 2.6 2.6 2.6 AreaHarvested(mil.acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 77 75 Supply, Total 159 174 169 167 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 36 34 Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.80 3.80 ================================================================================ WASDE - 647 - 14 April 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Pounds Yield per Harvested Acre 7710 7385 7649 7649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 43.0 43.0 Supply, Total 272.5 239.7 291.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 157.0 Exports, Total 4/ 83.5 64.3 88.0 91.0 Rough 28.2 18.1 36.0 40.0 Milled (rough equiv.) 55.3 46.2 52.0 51.0 Use, Total 232.8 209.4 250.0 248.0 Ending Stocks 39.7 30.3 41.5 43.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.80 18.80 18.80 LONG GRAIN RICE Harvested Acres (mil.) 1.93 1.78 2.05 2.05 Yield (pounds/acre) 7471 7225 7524 7524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 36.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 211.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 120.0 Exports 8/ 62.0 49.8 66.0 70.0 Use, Total 179.7 163.8 191.0 190.0 Ending Stocks 24.6 21.2 20.0 21.0 Avg.FarmPrice($/cwt) 6/ 13.60 16.70 16.10 16.10 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8546 8118 7963 7963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 22.0 21.0 Use, Total 53.1 45.6 59.0 58.0 Ending Stocks 13.0 6.8 19.2 20.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 27.50 27.50 California 10/ 31.90 40.90 32.00 32.00 Other States 1/ 13.90 18.20 18.00 18.00 ================================================================================ WASDE - 647 - 15 April 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.4 82.4 Bushels Yield per Harvested Acre 51.7 49.6 50.6 50.6 Million Bushels Beginning Stocks 257 274 264 264 Production 4464 4270 4165 4165 Imports 16 25 30 25 Supply, Total 4737 4569 4459 4454 Crushings 2204 2212 2300 2300 Exports 2152 1992 1720 1700 Seed 102 97 102 100 Residual 5 4 22 13 Use, Total 4463 4305 4144 4114 Ending Stocks 274 264 315 340 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.65 12.55 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1607 1607 Production 4/ 26155 26227 27025 27070 Imports 303 376 450 500 Supply, Total 28589 28594 29082 29177 Domestic Disappearance 24827 26609 27200 27200 Biofuel 3/ 10379 12491 13000 13000 Food, Feed & other Industrial 14449 14118 14200 14200 Exports 1771 378 300 350 Use, Total 26598 26987 27500 27550 Ending stocks 1991 1607 1582 1627 Avg. Price (c/lb) 2/ 72.98 65.26 49.00 49.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 371 371 Production 4/ 51814 52493 54254 54254 Imports 655 632 600 600 Supply, Total 52810 53436 55225 55225 Domestic Disappearance 38959 38402 39025 39025 Exports 13540 14664 15800 15800 Use, Total 52499 53065 54825 54825 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 ================================================================================ WASDE - 647 - 16 April 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1843 1843 Production 2/ 9157 9250 9243 9215 Beet Sugar 5155 5187 5172 5144 Cane Sugar 4002 4063 4071 4071 Florida 1934 1985 2095 2095 Louisiana 1944 2001 1936 1936 Texas 124 76 40 40 Imports 3646 3614 3331 3417 TRQ 3/ 1579 1862 1750 1775 Other Program 4/ 298 141 200 288 Non-program 1769 1611 1381 1354 Mexico 1379 1156 666 499 High-tier tariff/other 390 455 715 855 Total Supply 14508 14685 14416 14474 Exports 29 82 160 198 Deliveries 12578 12589 12555 12555 Food 12470 12473 12450 12450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12688 12843 12715 12753 Ending Stocks 1820 1843 1701 1722 Stocks to Use Ratio 14.3 14.3 13.4 13.5 ================================================================================ 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 2022/23 Est. Mar 964 5224 285 4627 1011 835 Apr 964 5224 285 4627 1011 835 2023/24 Proj. Mar 835 4747 494 4593 595 889 Apr 835 4572 575 4618 471 894 ================================================================================ WASDE - 647 - 17 April 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Mar Apr ================================================================================ Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 7.06 7.06 Pounds Yield per Harvested Acre 820 953 822 822 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.10 12.10 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.36 16.36 Domestic Use 2.55 2.05 1.75 1.75 Exports, Total 14.48 12.77 12.30 12.30 Use, Total 17.03 14.82 14.05 14.05 Unaccounted 2/ -0.40 -0.55 -0.20 -0.20 Ending Stocks 4.05 4.25 2.50 2.50 Avg. Farm Price 3/ 91.4 84.8 77.0 76.0 ================================================================================ WASDE - 647 - 18 April 2024 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 283.67 780.35 200.18 160.69 791.34 202.76 272.69 World Less China 144.55 643.41 190.62 125.69 643.34 201.88 135.93 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.67 735.55 197.57 158.29 760.92 181.10 254.33 Major Exporters 4/ 34.88 327.45 5.79 77.40 184.70 142.40 41.03 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.48 4.63 45.00 108.25 31.93 13.63 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.50 9.50 18.84 6.27 Major Importers 6/ 176.96 204.02 130.56 54.87 323.89 15.28 172.37 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.85 7.68 6.39 0.45 11.75 3.07 1.10 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.85 21.28 26.82 1.87 47.02 0.41 12.52 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.20 16.51 22.74 3.88 38.83 0.75 9.87 Southeast Asia 9/ 4.45 0.00 27.06 8.50 25.63 1.20 4.68 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 272.69 789.34 211.96 155.17 791.02 220.17 271.00 World Less China 135.93 651.61 198.68 122.17 643.02 219.22 132.18 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.33 744.44 208.64 153.08 760.60 199.52 255.50 Major Exporters 4/ 41.03 335.22 13.30 76.06 183.25 160.78 45.53 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90 Major Importers 6/ 172.37 206.07 133.96 50.79 320.20 15.13 177.06 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.52 17.24 29.68 1.67 46.32 0.77 12.35 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.87 17.43 24.65 3.68 39.53 0.65 11.76 Southeast Asia 9/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 ================================================================================ WASDE - 647 - 19 April 2024 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 ================================================================================ 2023/24 Proj. World 3/ Mar 271.10 786.70 211.21 162.06 798.98 212.13 258.83 Apr 271.00 787.36 212.34 161.34 800.10 213.47 258.27 World Less China Mar 132.28 650.11 200.21 125.06 645.48 211.23 126.82 Apr 132.18 650.77 201.34 124.34 646.60 212.57 126.26 United States Mar 15.50 49.31 3.95 3.27 31.14 19.32 18.30 Apr 15.50 49.31 3.81 2.45 30.32 19.32 18.98 Total Foreign Mar 255.60 737.39 207.27 158.80 767.84 192.81 240.52 Apr 255.50 738.05 208.53 158.90 769.78 194.15 239.28 Major Exporters 4/ Mar 46.61 322.40 14.23 76.90 184.60 158.00 40.65 Apr 45.53 322.90 14.73 76.70 184.20 158.50 40.46 Argentina Mar 4.07 15.90 0.05 0.20 6.70 10.50 2.82 Apr 4.07 15.90 0.05 0.20 6.70 10.00 3.32 Australia Mar 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Apr 4.37 26.00 0.20 3.50 7.00 20.50 3.07 Canada Mar 3.51 31.95 0.60 3.50 8.70 24.00 3.37 Apr 3.51 31.95 0.60 3.50 8.70 24.00 3.37 European Union 5/ Mar 16.52 133.65 13.00 47.00 111.50 36.50 15.17 Apr 16.04 134.15 13.50 48.00 112.50 34.50 16.69 Russia Mar 14.64 91.50 0.30 20.00 43.00 51.00 12.44 Apr 14.64 91.50 0.30 19.00 42.00 52.00 12.44 Ukraine Mar 3.50 23.40 0.08 2.70 7.70 16.00 3.28 Apr 2.90 23.40 0.08 2.50 7.30 17.50 1.58 Major Importers 6/ Mar 176.18 207.54 130.32 55.52 328.54 17.10 168.41 Apr 177.06 207.20 130.57 55.62 328.34 18.20 168.30 Bangladesh Mar 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Apr 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Mar 1.82 8.10 5.60 0.80 12.20 2.20 1.12 Apr 1.80 8.10 5.70 0.70 12.10 2.50 1.00 China Mar 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Apr 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Japan Mar 1.14 1.12 5.30 0.65 6.15 0.30 1.11 Apr 1.14 1.14 5.30 0.65 6.15 0.30 1.13 N. Africa 7/ Mar 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Apr 12.35 16.37 30.10 1.75 46.95 1.30 10.57 Nigeria Mar 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Apr 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Mar 11.76 20.77 21.62 3.52 40.04 0.88 13.24 Apr 11.76 20.77 20.47 3.52 39.84 0.88 12.29 Southeast Asia 9/ Mar 3.55 0.00 26.90 7.75 25.20 1.12 4.13 Apr 3.59 0.00 27.50 8.15 25.70 1.12 4.27 India Mar 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Apr 9.50 110.55 0.12 6.75 112.97 0.30 6.90 Kazakhstan Mar 3.27 12.11 2.50 1.30 6.25 10.00 1.63 Apr 3.27 12.11 2.50 1.30 6.25 9.50 2.13 United Kingdom Mar 2.50 14.00 2.40 7.30 15.50 0.80 2.60 Apr 2.50 14.00 2.40 7.30 15.50 0.80 2.60 ================================================================================ WASDE - 647 - 20 April 2024 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 ================================================================================ 2021/22 World 3/ 323.64 1500.73 230.09 906.29 1485.87 253.62 338.50 World Less China 115.95 1219.74 188.60 678.26 1165.64 253.61 128.56 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.63 1104.43 227.50 758.80 1160.96 183.10 301.03 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.88 149.16 27.43 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.41 32.93 8.84 Major Importers 5/ 36.21 248.33 138.71 285.13 369.55 15.34 38.36 European Union 6/ 14.51 155.03 21.30 117.48 158.27 13.76 18.81 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.16 28.95 40.50 60.61 69.30 0.69 6.63 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.69 280.99 41.50 228.03 320.23 0.01 209.94 2022/23 Est. World 3/ 338.50 1446.07 213.41 887.99 1452.24 220.25 332.34 World Less China 128.56 1161.57 180.79 658.74 1131.79 220.24 125.73 United States 37.48 356.45 3.25 142.40 315.00 45.04 37.14 Total Foreign 301.03 1089.62 210.16 745.59 1137.24 175.21 295.20 Major Exporters 4/ 27.43 329.40 4.60 136.66 184.83 145.92 30.68 Argentina 2.63 42.84 0.02 8.80 14.73 28.75 2.01 Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.91 Brazil 4.50 141.60 1.98 67.55 81.69 54.28 12.11 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.16 29.92 3.71 Major Importers 5/ 38.36 229.51 136.22 273.36 356.02 13.07 34.99 European Union 6/ 18.81 132.97 25.51 111.53 151.25 11.11 14.92 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.11 33.13 55.47 63.25 1.07 6.55 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.94 284.50 32.62 229.25 320.45 0.01 206.60 ================================================================================ WASDE - 647 - 21 April 2024 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 ================================================================================ 2023/24 Proj. World 3/ Mar 331.36 1507.41 229.40 914.29 1492.63 243.15 346.14 Apr 332.34 1505.13 227.83 912.68 1492.89 241.43 344.58 World Less China Mar 124.76 1210.26 189.55 674.44 1161.53 243.12 133.67 Apr 125.73 1207.99 186.93 671.78 1160.74 241.41 132.11 United States Mar 37.14 402.89 2.60 147.64 324.99 59.69 57.94 Apr 37.14 402.89 2.56 148.40 326.25 59.69 56.64 Total Foreign Mar 294.22 1104.52 226.81 766.65 1167.64 183.46 288.19 Apr 295.20 1102.24 225.27 764.28 1166.64 181.74 287.93 Major Exporters 4/ Mar 30.24 330.30 5.31 139.87 189.15 153.86 22.84 Apr 30.68 327.78 5.44 138.22 187.76 153.48 22.67 Argentina Mar 1.95 64.28 0.02 11.61 17.77 46.50 1.97 Apr 2.01 63.28 0.02 10.61 16.77 46.50 2.03 Australia Mar 3.87 14.34 0.00 5.61 7.49 8.36 2.37 Apr 3.91 14.34 0.00 5.61 7.49 8.36 2.41 Brazil Mar 12.04 129.33 1.73 69.28 84.31 52.06 6.72 Apr 12.11 129.33 1.73 69.28 84.31 52.06 6.79 Canada Mar 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Apr 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Russia Mar 2.32 42.54 0.10 22.39 31.54 11.39 2.04 Apr 2.32 42.54 0.10 22.14 31.24 11.80 1.92 Ukraine Mar 3.71 36.62 0.02 6.81 9.31 26.87 4.18 Apr 3.71 36.62 0.02 6.81 9.31 26.97 4.08 Major Importers 5/ Mar 34.55 228.78 143.58 278.63 362.58 13.40 30.93 Apr 34.99 229.38 141.51 277.71 361.94 13.18 30.76 European Union 6/ Mar 14.68 134.78 24.10 109.15 149.25 10.66 13.65 Apr 14.92 135.97 23.15 109.60 149.77 10.50 13.77 Japan Mar 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Apr 1.45 0.25 17.01 13.32 17.22 0.00 1.49 Mexico Mar 5.20 29.19 21.43 32.78 52.73 0.05 3.03 Apr 5.20 28.49 21.90 32.78 52.73 0.05 2.81 N. Afr & Mideast 7/ Mar 6.35 33.36 37.89 61.37 69.74 2.07 5.79 Apr 6.55 33.28 37.69 61.32 69.69 2.07 5.76 Saudi Arabia Mar 1.41 0.15 7.71 7.52 7.86 0.00 1.41 Apr 1.41 0.15 6.71 6.52 6.86 0.00 1.41 Southeast Asia 8/ Mar 3.04 30.81 19.06 40.60 49.15 0.61 3.13 Apr 3.04 31.01 18.66 40.30 49.05 0.56 3.08 South Korea Mar 1.91 0.16 11.71 9.34 11.83 0.00 1.95 Apr 1.91 0.16 11.71 9.34 11.83 0.00 1.95 China Mar 206.60 297.14 39.85 239.85 331.10 0.03 212.47 Apr 206.60 297.14 40.90 240.90 332.15 0.03 212.47 ================================================================================ WASDE - 647 - 22 April 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 292.94 1216.13 184.43 743.28 1198.29 206.39 310.79 World Less China 87.24 943.58 162.55 534.28 907.29 206.38 101.65 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.58 834.66 183.82 599.25 882.62 143.59 275.82 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.90 94.26 165.82 222.25 6.92 23.59 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.67 19.74 60.00 81.70 6.03 11.51 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 310.79 1157.74 172.84 729.57 1166.34 180.23 302.19 World Less China 101.65 880.54 154.13 511.57 867.34 180.22 96.15 United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55 Total Foreign 275.82 811.00 171.86 590.21 860.39 138.04 267.64 Major Exporters 4/ 16.45 232.93 1.49 90.50 115.80 116.03 19.04 Argentina 1.80 36.00 0.02 7.20 11.40 25.24 1.17 Brazil 3.97 137.00 1.33 63.50 76.50 54.26 11.54 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.07 6.90 13.00 3.50 2.62 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.59 118.86 95.26 156.95 212.55 5.10 20.06 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.51 52.29 23.21 55.00 75.50 4.20 7.31 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.59 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 ================================================================================ WASDE - 647 - 23 April 2024 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 ================================================================================ 2023/24 Proj. World 3/ Mar 301.62 1230.24 189.48 761.62 1212.24 202.27 319.63 Apr 302.19 1227.86 187.47 758.95 1211.77 200.59 318.28 World Less China Mar 95.58 941.40 166.48 536.62 906.24 202.25 107.76 Apr 96.15 939.02 164.47 533.95 905.77 200.57 106.42 United States Mar 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Apr 34.55 389.69 0.64 144.79 317.64 53.34 53.90 Total Foreign Mar 267.07 840.55 188.85 617.46 895.86 148.92 264.46 Apr 267.64 838.17 186.83 614.17 894.13 147.24 264.38 Major Exporters 4/ Mar 18.64 241.60 1.29 95.30 121.70 126.70 13.13 Apr 19.04 239.10 1.39 93.70 120.40 126.10 13.03 Argentina Mar 1.11 56.00 0.02 9.80 14.10 42.00 1.03 Apr 1.17 55.00 0.02 8.80 13.10 42.00 1.09 Brazil Mar 11.47 124.00 1.20 64.50 78.50 52.00 6.17 Apr 11.54 124.00 1.20 64.50 78.50 52.00 6.24 Russia Mar 0.91 16.60 0.05 10.10 11.20 5.30 1.06 Apr 0.91 16.60 0.05 9.90 11.00 5.60 0.96 South Africa Mar 2.35 15.50 0.00 6.90 12.90 2.90 2.05 Apr 2.62 14.00 0.10 6.50 12.80 2.00 1.92 Ukraine Mar 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Apr 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Major Importers 5/ Mar 19.98 122.24 100.95 164.00 220.35 4.86 17.96 Apr 20.06 122.64 100.05 163.70 220.25 4.81 17.69 Egypt Mar 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Apr 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Mar 7.23 60.10 22.00 57.00 77.90 4.20 7.23 Apr 7.31 61.00 21.00 57.00 77.90 4.20 7.21 Japan Mar 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Apr 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Mar 4.50 24.00 20.60 28.00 46.60 0.05 2.45 Apr 4.50 23.30 21.10 28.00 46.60 0.05 2.25 Southeast Asia 7/ Mar 3.03 30.76 18.15 39.90 48.20 0.61 3.13 Apr 3.03 30.96 17.75 39.60 48.10 0.56 3.08 South Korea Mar 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Apr 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Canada Mar 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Apr 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Mar 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Apr 206.04 288.84 23.00 225.00 306.00 0.02 211.86 ================================================================================ WASDE - 647 - 24 April 2024 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 ================================================================================ 2021/22 World 3/ 187.71 513.10 54.48 517.63 56.91 183.19 World Less China 71.21 364.11 48.53 361.27 54.83 70.19 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.33 507.03 53.28 512.89 54.26 181.92 Major Exporters 4/ 47.22 197.74 1.76 158.55 43.94 44.24 Burma 1.31 12.40 0.00 10.30 2.34 1.08 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.79 9.32 0.01 3.90 4.84 2.38 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.40 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.16 7.34 0.93 7.15 1.38 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.89 7.64 0.69 8.20 0.12 1.90 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 183.19 514.42 55.67 519.64 54.07 177.97 World Less China 70.19 368.48 51.28 364.64 52.33 71.37 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 181.92 509.34 54.40 515.03 52.03 177.01 Major Exporters 4/ 44.24 202.70 1.86 162.51 42.54 43.76 Burma 1.08 11.80 0.01 10.20 1.58 1.11 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.38 7.30 0.01 3.90 3.76 2.03 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.66 26.94 1.80 21.40 8.23 1.77 Major Importers 5/ 125.49 238.58 23.40 263.84 2.16 121.46 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.29 2.31 3.35 0.39 0.76 Indonesia 2.90 33.90 3.50 35.60 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.04 7.00 1.15 0.62 C. Amer & Carib 8/ 0.57 1.54 1.95 3.38 0.05 0.63 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.90 7.48 0.66 8.15 0.08 1.81 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 ================================================================================ WASDE - 647 - 25 April 2024 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 ================================================================================ 2023/24 Proj. World 3/ Mar 177.18 515.39 50.07 522.87 52.58 169.70 Apr 177.97 515.53 50.30 521.35 52.94 172.15 World Less China Mar 70.58 370.77 47.97 372.95 50.58 68.30 Apr 71.37 370.91 48.60 373.13 51.24 69.15 United States Mar 0.96 6.93 1.37 5.14 2.79 1.32 Apr 0.96 6.93 1.37 4.99 2.89 1.38 Total Foreign Mar 176.22 508.46 48.71 517.72 49.79 168.38 Apr 177.01 508.60 48.94 516.36 50.05 170.77 Major Exporters 4/ Mar 43.57 201.95 1.71 165.80 39.50 41.93 Apr 43.76 201.95 2.41 165.75 39.90 42.46 Burma Mar 0.91 11.95 0.00 10.25 1.80 0.81 Apr 1.11 11.95 0.00 10.10 2.00 0.96 India Mar 35.00 134.00 0.00 118.00 16.00 35.00 Apr 35.00 134.00 0.00 118.00 16.00 35.00 Pakistan Mar 2.04 9.00 0.01 3.95 5.50 1.60 Apr 2.03 9.00 0.01 3.95 5.50 1.58 Thailand Mar 3.85 20.00 0.10 12.40 8.40 3.15 Apr 3.85 20.00 0.10 12.50 8.40 3.05 Vietnam Mar 1.77 27.00 1.60 21.20 7.80 1.37 Apr 1.77 27.00 2.30 21.20 8.00 1.87 Major Importers 5/ Mar 121.51 236.52 20.50 260.22 2.42 115.89 Apr 121.46 237.00 19.40 258.37 2.12 117.37 China Mar 106.60 144.62 2.10 149.92 2.00 101.40 Apr 106.60 144.62 1.70 148.22 1.70 103.00 European Union 6/ Mar 0.81 1.43 2.20 3.30 0.36 0.78 Apr 0.76 1.38 2.20 3.30 0.36 0.68 Indonesia Mar 4.70 33.50 3.50 36.10 0.00 5.60 Apr 4.70 33.02 3.50 36.00 0.00 5.22 Nigeria Mar 2.18 5.23 1.90 7.60 0.00 1.70 Apr 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Mar 3.48 12.30 4.20 16.50 0.00 3.48 Apr 3.48 12.60 3.90 16.50 0.00 3.48 Sel. Mideast 7/ Mar 1.27 2.02 4.65 6.65 0.00 1.29 Apr 1.27 2.02 4.65 6.60 0.00 1.34 Brazil Mar 0.52 7.48 0.90 7.00 1.30 0.60 Apr 0.62 7.17 1.05 7.00 1.30 0.54 C. Amer & Carib 8/ Mar 0.64 1.52 1.77 3.26 0.03 0.63 Apr 0.63 1.52 1.79 3.27 0.03 0.65 Egypt Mar 0.60 3.78 0.35 4.10 0.01 0.63 Apr 0.60 3.78 0.35 4.10 0.01 0.63 Japan Mar 1.77 7.30 0.69 8.06 0.12 1.57 Apr 1.81 7.27 0.69 8.00 0.08 1.69 Mexico Mar 0.09 0.15 0.83 0.98 0.01 0.08 Apr 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Mar 1.35 3.70 0.46 3.93 0.10 1.48 Apr 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 647 - 26 April 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2021/22 World 77.67 114.51 42.96 116.10 43.32 -0.60 76.32 World Less China 40.38 87.71 35.12 82.35 43.20 -0.60 38.26 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.98 42.96 113.55 28.84 -0.20 72.27 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.59 -0.20 23.19 Central Asia 5/ 3.07 5.03 0.06 4.24 1.47 0.00 2.46 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.56 -0.01 1.01 S. Hemis. 7/ 8.77 18.71 0.19 4.38 12.47 -0.19 11.00 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 76.32 116.15 37.68 111.22 37.04 -0.72 82.61 World Less China 38.26 85.45 31.44 73.72 36.94 -0.72 45.20 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.27 101.68 37.67 109.17 24.27 -0.18 78.36 Major Exporters 4/ 23.19 55.73 2.38 31.93 19.99 -0.19 29.58 Central Asia 5/ 2.46 5.54 0.01 3.55 1.10 0.00 3.36 Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96 S. Hemis. 7/ 11.00 19.32 0.14 4.21 13.37 -0.19 13.08 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.57 3.01 0.02 45.82 Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 ================================================================================ WASDE - 647 - 27 April 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 Proj. World Mar 82.97 112.96 43.23 112.94 43.26 -0.40 83.34 Apr 82.61 112.92 43.94 112.82 43.97 -0.40 83.08 World Less China Mar 45.56 85.46 30.33 75.44 43.21 -0.40 43.09 Apr 45.20 85.42 29.74 74.82 43.92 -0.40 42.02 United States Mar 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 Apr 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 Total Foreign Mar 78.72 100.86 43.23 111.19 30.96 -0.20 80.84 Apr 78.36 100.82 43.93 111.07 31.67 -0.20 80.58 Major Exporters 4/ Mar 29.89 57.91 1.73 33.13 26.36 -0.20 30.24 Apr 29.58 57.91 1.68 33.12 27.01 -0.20 29.24 Central Asia 5/ Mar 3.44 5.24 0.08 4.00 1.32 0.00 3.45 Apr 3.36 5.24 0.03 3.99 1.34 0.00 3.30 Afr. Fr. Zone 6/ Mar 1.19 4.93 3/ 0.10 4.58 0.00 1.44 Apr 0.96 4.93 3/ 0.10 4.46 0.00 1.33 S. Hemis. 7/ Mar 13.08 21.76 0.16 4.36 18.14 -0.20 12.70 Apr 13.08 21.76 0.16 4.36 18.79 -0.20 12.05 Australia Mar 4.77 4.80 3/ 0.01 5.75 -0.20 4.01 Apr 4.77 4.80 3/ 0.01 6.00 -0.20 3.76 Brazil Mar 5.76 14.56 0.01 3.30 11.20 0.00 5.83 Apr 5.76 14.56 0.01 3.30 11.70 0.00 5.33 India Mar 11.82 25.50 1.00 24.00 2.00 0.00 12.32 Apr 11.82 25.50 1.00 24.00 2.10 0.00 12.22 Major Importers 8/ Mar 45.87 39.54 38.99 74.23 2.78 0.00 47.39 Apr 45.82 39.51 39.67 74.11 2.83 0.00 48.06 Mexico Mar 0.43 0.93 0.70 1.50 0.25 0.00 0.30 Apr 0.38 0.90 0.68 1.48 0.23 0.00 0.25 China Mar 37.40 27.50 12.90 37.50 0.05 0.00 40.25 Apr 37.40 27.50 14.20 38.00 0.05 0.00 41.05 European Union 9/ Mar 0.39 1.05 0.55 0.57 1.13 0.00 0.29 Apr 0.39 1.05 0.55 0.57 1.03 0.00 0.39 Turkey Mar 2.63 3.20 3.80 7.00 1.25 0.00 1.38 Apr 2.63 3.20 3.80 6.80 1.40 0.00 1.43 Pakistan Mar 1.53 6.70 3.40 9.80 0.08 0.00 1.75 Apr 1.53 6.70 3.00 9.50 0.10 0.00 1.63 Indonesia Mar 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Apr 0.36 3/ 1.90 1.85 0.02 0.00 0.40 Thailand Mar 0.14 3/ 0.50 0.50 0.00 0.00 0.14 Apr 0.14 3/ 0.45 0.49 0.00 0.00 0.10 Bangladesh Mar 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Apr 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Mar 1.05 3/ 6.80 6.80 0.00 0.00 1.05 Apr 1.05 3/ 6.80 6.80 0.00 0.00 1.05 ================================================================================ WASDE - 647 - 28 April 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 98.64 360.45 154.47 316.51 366.03 154.43 93.09 World Less China 69.78 344.05 64.17 226.51 255.73 154.33 67.95 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 91.64 238.94 154.03 256.53 303.14 95.86 85.62 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 32.13 20.29 122.51 118.84 146.74 0.42 27.77 China 28.86 16.40 90.30 90.00 110.30 0.10 25.15 European Union 1.46 2.83 14.54 15.40 17.10 0.29 1.45 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 93.09 378.20 167.87 315.03 365.76 172.09 101.31 World Less China 67.95 357.91 63.37 219.03 248.26 172.00 68.97 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 85.62 261.98 167.21 254.83 302.81 117.88 94.12 Major Exporters 3/ 51.93 197.75 9.26 86.91 97.18 106.99 54.78 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 162.00 0.15 53.10 56.90 95.51 37.35 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.50 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. World 2/ Mar 102.15 396.85 170.78 328.19 381.90 173.61 114.27 Apr 101.31 396.73 170.33 328.03 381.08 173.06 114.22 World Less China Mar 69.81 376.01 65.78 230.19 261.40 173.51 76.69 Apr 68.97 375.89 65.33 230.03 260.58 172.96 76.64 United States Mar 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Apr 7.19 113.34 0.68 62.60 65.69 46.27 9.26 Total Foreign Mar 94.96 283.51 169.96 265.60 315.93 126.80 105.70 Apr 94.12 283.38 169.65 265.44 315.39 126.80 104.96 Major Exporters 3/ Mar 54.78 218.20 6.58 92.10 103.39 116.30 59.87 Apr 54.78 218.40 6.58 92.10 103.39 116.50 59.87 Argentina Mar 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Apr 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Mar 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Apr 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Paraguay Mar 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Apr 0.17 10.50 0.02 3.50 3.65 6.50 0.54 Major Importers 4/ Mar 34.66 24.76 138.29 126.60 157.01 0.42 40.29 Apr 34.50 24.68 138.54 126.60 156.89 0.42 40.43 China Mar 32.34 20.84 105.00 98.00 120.50 0.10 37.58 Apr 32.34 20.84 105.00 98.00 120.50 0.10 37.58 European Union Mar 1.26 3.06 13.80 14.90 16.49 0.30 1.33 Apr 1.10 2.98 14.30 14.90 16.62 0.30 1.46 Southeast Asia 5/ Mar 0.67 0.47 9.59 4.59 9.78 0.01 0.94 Apr 0.67 0.47 9.34 4.59 9.53 0.01 0.94 Mexico Mar 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Apr 0.22 0.14 6.40 6.48 6.54 0.00 0.22 ================================================================================ WASDE - 647 - 29 April 2024 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 15.76 248.40 67.13 246.05 68.80 16.43 World Less China 14.80 177.12 67.08 174.95 68.32 15.72 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.45 201.39 66.54 210.71 56.52 16.15 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 1.90 22.60 38.39 59.50 1.12 2.28 European Union 0.46 12.17 16.54 27.74 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.18 3.47 18.33 21.28 0.33 1.37 China 0.96 71.28 0.06 71.10 0.48 0.71 2022/23 Est. World 2/ 16.43 247.77 62.97 246.61 67.27 13.28 World Less China 15.72 171.73 62.93 171.56 66.48 12.35 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.15 200.15 62.40 211.78 53.97 12.95 Major Exporters 3/ 7.10 73.03 0.10 30.33 43.96 5.95 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68 European Union 0.66 11.30 16.01 26.74 0.74 0.49 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Proj. World 2/ Mar 13.70 257.76 66.95 253.49 70.03 14.89 Apr 13.28 257.68 67.41 253.59 70.49 14.30 World Less China Mar 12.77 180.15 66.90 176.74 69.03 14.04 Apr 12.35 180.07 67.36 176.84 69.49 13.44 United States Mar 0.34 49.22 0.54 35.40 14.33 0.36 Apr 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign Mar 13.37 208.55 66.41 218.09 55.70 14.53 Apr 12.95 208.46 66.87 218.19 56.16 13.93 Major Exporters 3/ Mar 5.95 77.17 0.07 31.23 45.90 6.06 Apr 5.95 77.17 0.07 31.03 46.40 5.76 Argentina Mar 2.36 27.69 0.01 3.48 24.40 2.19 Apr 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Mar 3.39 41.08 0.01 20.70 20.10 3.68 Apr 3.39 41.08 0.01 20.50 20.60 3.38 India Mar 0.20 8.40 0.05 7.05 1.40 0.20 Apr 0.20 8.40 0.05 7.05 1.40 0.20 Major Importers 4/ Mar 1.58 22.45 38.05 59.10 0.99 1.99 Apr 1.68 22.45 38.10 59.07 0.99 2.17 European Union Mar 0.44 11.77 15.80 26.84 0.70 0.46 Apr 0.49 11.77 15.80 26.74 0.70 0.61 Mexico Mar 0.15 5.12 2.05 7.13 0.00 0.19 Apr 0.15 5.12 2.08 7.15 0.00 0.19 Southeast Asia 5/ Mar 0.96 3.58 18.60 21.57 0.29 1.28 Apr 1.01 3.58 18.63 21.62 0.29 1.30 China Mar 0.94 77.62 0.05 76.75 1.00 0.85 Apr 0.94 77.62 0.05 76.75 1.00 0.85 ================================================================================ WASDE - 647 - 30 April 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 5.50 59.62 11.35 59.52 12.32 4.63 World Less China 4.32 43.50 11.06 42.42 12.21 4.24 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.53 47.76 11.21 48.26 11.52 3.73 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.77 19.27 6.49 26.43 0.28 0.83 China 1.18 16.13 0.29 17.10 0.11 0.39 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.31 1.18 1.28 2.40 0.13 0.24 2022/23 Est. World 2/ 4.63 59.24 10.93 58.28 11.65 4.89 World Less China 4.24 42.04 10.54 41.28 11.54 4.01 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.73 47.35 10.76 46.21 11.48 4.16 Major Exporters 3/ 1.50 19.59 0.65 12.20 8.27 1.27 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.41 0.92 0.56 Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.24 0.74 1.28 1.98 0.08 0.19 2023/24 Proj. World 2/ Mar 4.91 61.68 10.78 60.86 11.50 5.01 Apr 4.89 61.63 10.72 60.67 11.41 5.16 World Less China Mar 4.03 44.12 10.38 43.06 11.30 4.18 Apr 4.01 44.07 10.32 42.87 11.21 4.32 United States Mar 0.73 12.26 0.20 12.34 0.14 0.72 Apr 0.73 12.28 0.23 12.34 0.16 0.74 Total Foreign Mar 4.18 49.43 10.58 48.52 11.37 4.29 Apr 4.16 49.35 10.50 48.33 11.25 4.42 Major Exporters 3/ Mar 1.32 20.72 0.43 13.25 8.10 1.10 Apr 1.27 20.72 0.53 13.21 7.99 1.32 Argentina Mar 0.33 7.01 0.00 2.25 4.80 0.29 Apr 0.33 7.01 0.00 2.25 4.80 0.29 Brazil Mar 0.30 10.21 0.03 8.43 1.75 0.36 Apr 0.30 10.21 0.03 8.43 1.75 0.36 European Union Mar 0.61 2.83 0.40 2.51 0.90 0.44 Apr 0.56 2.83 0.50 2.46 0.80 0.64 Major Importers 4/ Mar 1.72 20.79 5.87 26.28 0.28 1.82 Apr 1.68 20.75 5.70 26.06 0.28 1.80 China Mar 0.87 17.56 0.40 17.80 0.20 0.84 Apr 0.87 17.56 0.40 17.80 0.20 0.84 India Mar 0.60 1.89 3.30 5.15 0.02 0.62 Apr 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Mar 0.23 1.01 1.44 2.34 0.05 0.29 Apr 0.19 0.95 1.30 2.11 0.05 0.28 ================================================================================ WASDE - 647 - 31 April 2024 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 2022 Annual 28291 26996 55471 46207 5222 51999 107470 9117 226.4 2023 I 6821 7071 13937 11549 1349 13040 26977 2208 56.8 II 6710 6593 13348 11546 1410 13106 26454 2272 58.0 III 6621 6488 13151 11681 1355 13195 26346 2311 56.0 IV 6812 7149 14006 11611 1343 13090 27097 2352 55.5 Mar Est. 26963 27301 54442 46387 5457 52431 106873 9142 226.4 Apr Est. 26963 27301 54442 46387 5457 52431 106873 9142 226.4 2024 I 6565 7110 13718 11725 1305 13173 26891 2258 56.6 II* 6750 6670 13466 11725 1310 13180 26646 2260 57.6 III* 6590 6835 13471 11850 1360 13355 26826 2320 56.1 IV* 6550 7475 14073 11800 1400 13340 27413 2385 56.0 MarProj. 26325 27910 54415 46875 5370 52818 107233 9293 227.3 AprProj. 26455 28090 54727 47100 5375 53048 107775 9223 226.3 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.30 Mar Est. 175.54 58.59 124.4 140.1 192.4 20.48 Apr Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I 181.03 54.97 128.0 92.1 258.5 20.65 II* 185.00 68.00 137.0 103.0 200.0 20.65 III* 184.00 72.00 126.0 108.0 175.0 20.40 IV* 190.00 57.00 126.0 114.0 180.0 21.80 MarProj. 183.0 61.0 127.0 108.0 180.0 21.25 AprProj. 185.0 63.0 129.0 104.0 203.0 20.90 ================================================================================ WASDE - 647 - 32 April 2024 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 2022 676 28359 3390 32425 3544 723 28157 59.1 2023 Est. Mar 723 27032 3727 31483 3038 638 27807 58.1 Apr 723 27032 3727 31483 3038 638 27807 58.1 2024 Proj. Mar 638 26393 4175 31206 2785 615 27806 57.8 Apr 638 26523 4175 31336 2805 585 27946 58.1 Pork 2022 446 27011 1344 28800 6345 504 21951 51.1 2023 Est. Mar 504 27316 1143 28963 6818 471 21674 50.2 Apr 504 27316 1143 28963 6818 471 21674 50.2 2024 Proj. Mar 471 27925 1185 29582 7130 465 21987 50.6 Apr 471 28105 1205 29782 7340 435 22007 50.7 TotalRed Meat5/ 2022 1147 55564 5092 61804 9895 1256 50653 111.6 2023 Est. Mar 1256 54535 5154 60945 9861 1130 49954 109.5 Apr 1256 54535 5154 60945 9861 1130 49954 109.5 2024 Proj. Mar 1130 54508 5671 61309 9920 1101 50288 109.7 Apr 1130 54820 5700 61650 10150 1042 50459 110.1 Broiler 2022 705 45713 176 46594 7290 892 38412 98.9 2023 Est. Mar 892 45890 131 46914 7265 835 38814 99.5 Apr 892 45890 131 46914 7265 835 38814 99.5 2024 Proj. Mar 835 46373 215 47423 7165 860 39398 100.4 Apr 835 46596 178 47609 7060 800 39749 101.3 Turkey 2022 166 5222 85 5473 407 190 4877 14.6 2023 Est. Mar 190 5457 43 5689 489 243 4957 14.8 Apr 190 5457 43 5689 489 243 4957 14.8 2024 Proj. Mar 243 5370 51 5664 520 195 4949 14.7 Apr 243 5375 31 5649 520 200 4929 14.6 Total Poultry6/ 2022 874 51504 268 52646 7716 1087 43843 115.2 2023 Est. Mar 1087 51934 178 53200 7774 1085 44341 115.9 Apr 1087 51934 178 53200 7774 1085 44341 115.9 2024 Proj. Mar 1085 52316 272 53673 7703 1061 44909 116.8 Apr 1085 52543 212 53840 7605 1006 45229 117.6 RedMeat& Poultry 2022 2021 107068 5361 114450 17611 2343 94496 226.8 2023 Est. Mar 2343 106470 5332 114145 17635 2215 94295 225.4 Apr 2343 106470 5332 114145 17635 2215 94295 225.4 2024 Proj. Mar 2215 106824 5943 114982 17623 2162 95197 226.5 Apr 2215 107364 5912 115491 17755 2048 95688 227.7 ================================================================================ WASDE - 647 - 33 April 2024 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Mar Apr Mar Apr ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 23.1 23.1 Production 9402.0 9116.6 9142.4 9142.4 9293.0 9223.0 Imports 18.2 26.0 27.6 27.6 26.0 26.0 Total Supply 9444.7 9161.7 9188.7 9188.7 9342.1 9272.1 Use Exports 392.1 226.5 250.4 250.4 241.0 246.0 Hatching Use 1103.9 1117.9 1111.8 1111.8 1125.0 1125.0 Ending Stocks 19.1 18.8 23.1 23.1 22.0 23.0 Disappearance Total 7929.5 7798.6 7803.4 7803.4 7954.1 7878.1 Per Capita (number) 286.3 280.5 279.3 279.3 283.3 280.6 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Mar Apr Mar Apr ================================================================================ Billion Pounds Milk Production 226.2 226.4 226.4 226.4 227.3 226.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 13.8 13.8 Marketings 225.2 225.4 225.4 225.4 226.3 225.3 Imports 6.5 7.1 7.4 7.4 7.7 8.0 Total Supply 247.4 246.8 247.1 247.1 247.7 247.1 FatBasisUse Exports 11.5 13.4 10.6 10.6 11.1 11.3 Ending Stocks 14.3 14.4 13.8 13.8 11.9 12.8 Domestic Use 221.5 219.1 222.8 222.8 224.7 223.0 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 9.9 9.9 Marketings 225.2 225.4 225.4 225.4 226.3 225.3 Imports 5.8 6.7 6.3 6.3 6.7 6.8 Total Supply 241.9 243.2 243.3 243.3 242.8 242.0 Skim-solidBasisUse Exports 50.6 52.9 49.9 49.9 50.0 49.7 Ending Stocks 11.1 11.7 9.9 9.9 9.4 9.4 Domestic Use 180.1 178.7 183.5 183.5 183.4 182.9 ================================================================================ WASDE - 647 - 34 April 2024 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. ity Mar Apr Mar Apr ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.7593 1.7593 1.710 1.620 Butter 1.7325 2.8665 2.6170 2.6170 2.800 2.925 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.210 1.180 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.450 0.425 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 17.02 17.02 17.15 16.20 Class IV 16.09 24.47 19.12 19.12 20.10 20.40 All Milk 3/ 18.53 25.34 20.48 20.48 21.25 20.90 ================================================================================ WASDE - 647 - 35 April 2024 Reliability of April Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 0.5 0.8 1.9 0.1 6.8 28 14 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.5 0.9 1.9 0.2 6.8 28 14 Exports World 3.9 6.5 4.3 0.4 14.3 33 9 U.S. 2.5 4.2 0.6 0.0 2.1 18 23 Foreign 4.9 8.3 4.3 0.1 13.3 33 9 Domestic Use World 0.7 1.2 3.4 0.1 9.4 19 23 U.S. 3.1 5.2 0.7 0.0 2.2 16 26 Foreign 0.7 1.2 3.2 0.0 9.6 19 22 Ending Stocks World 3.1 5.2 4.1 0.0 14.5 29 12 U.S. 7.9 13.4 0.9 0.0 4.1 26 16 Foreign 3.4 5.7 3.6 0.0 12.6 30 11 COARSE GRAINS 2/ Production World 1.0 1.8 9.1 0.3 42.1 34 8 U.S. 0.2 0.3 0.2 0.0 1.8 17 11 Foreign 1.5 2.5 9.2 0.3 42.1 34 8 Exports World 4.6 7.7 4.9 0.1 21.8 30 12 U.S. 6.6 11.2 2.7 0.0 7.2 23 19 Foreign 7.3 12.3 4.9 0.3 21.2 32 10 Domestic Use World 0.9 1.5 6.5 0.0 20.3 19 23 U.S. 2.3 3.8 3.1 0.1 16.8 16 26 Foreign 1.0 1.7 6.2 0.2 22.7 25 17 Ending Stocks World 9.4 15.8 12.1 0.2 144.9 36 6 U.S. 10.8 18.2 3.5 0.0 12.1 20 22 Foreign 11.8 20.0 10.6 0.5 144.9 36 6 RICE, milled Production World 1.2 2.1 3.3 0.0 13.3 34 8 U.S. 1.3 2.2 0.0 0.0 0.2 11 5 Foreign 1.3 2.1 3.3 0.0 13.3 34 8 Exports World 7.8 13.1 1.6 0.1 4.5 32 10 U.S. 6.2 10.5 0.1 0.0 0.5 19 20 Foreign 8.6 14.5 1.5 0.0 4.4 32 10 Domestic Use World 1.1 1.8 3.1 0.1 13.7 30 12 U.S. 6.9 11.6 0.2 0.0 0.5 16 25 Foreign 1.1 1.8 3.0 0.2 13.4 30 12 Ending Stocks World 7.9 13.3 4.4 0.1 26.1 29 13 U.S. 18.2 30.7 0.2 0.0 0.4 25 17 Foreign 8.2 13.9 4.4 0.1 26.1 28 14 ================================================================================ WASDE - 647 - 36 April 2024 Reliability of April 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 1.6 2.7 2.6 0.2 7.9 25 17 U.S. 1.3 2.3 0.7 0.0 3.2 18 17 Foreign 2.6 4.4 2.3 0.0 8.1 27 15 Exports World 5.0 8.4 2.8 0.1 13.2 26 16 U.S. 5.4 9.2 1.4 0.0 6.3 28 14 Foreign 11.2 18.8 2.6 0.2 15.9 23 19 Domestic Use World 1.7 2.9 2.7 0.0 10.3 22 20 U.S. 2.2 3.7 0.9 0.1 2.4 26 16 Foreign 2.1 3.5 2.3 0.0 10.4 20 22 Ending Stocks World 11.1 18.7 3.5 0.0 13.2 25 17 U.S. 34.5 58.1 1.7 0.1 6.8 17 25 Foreign 12.2 20.5 3.2 0.0 12.8 27 15 COTTON Production World 1.6 2.8 1.2 0.0 5.2 30 11 U.S. 0.4 0.7 0.0 0.0 0.2 17 17 Foreign 2.0 3.3 1.2 0.0 5.1 29 12 Exports World 4.3 7.2 1.1 0.1 4.2 26 16 U.S. 4.6 7.7 0.4 0.0 1.4 19 20 Foreign 5.6 9.4 1.0 0.1 3.9 25 17 Domestic Use World 2.2 3.8 1.6 0.0 8.5 24 18 U.S. 6.2 10.5 0.2 0.0 0.8 19 18 Foreign 2.2 3.7 1.6 0.2 7.8 24 18 Ending Stocks World 7.0 11.7 3.0 0.0 9.0 27 15 U.S. 13.9 23.3 0.4 0.0 1.6 18 24 Foreign 7.5 12.5 2.9 0.1 9.1 25 17 ================================================================================ WASDE - 647 - 37 April 2024 Reliability of United States April Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 0.2 0.3 6 0 72 1 6 Exports 6.8 11.4 100 13 248 20 22 Domestic Use 2.1 3.6 110 5 474 17 25 Ending Stocks 12.4 20.8 140 3 470 20 22 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 11.8 19.8 20 0 72 28 13 Domestic Use 10.0 16.9 22 0 158 16 24 Ending Stocks 37.6 63.3 20 0 148 18 23 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 16.3 27.4 3 0 13 11 25 Domestic Use 5.5 9.2 11 0 64 20 19 Ending Stocks 12.5 21.0 12 0 52 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 32.1 54.0 0 0 3 7 6 Domestic Use 3.9 6.5 8 0 26 12 27 Ending Stocks 14.2 23.9 9 1 30 27 15 Thousand Short Tons SOYBEAN MEAL Production 2.6 4.4 805 4 2667 31 11 Exports 7.8 13.2 558 25 2326 32 10 Domestic Use 2.2 3.6 513 100 2066 28 14 Ending Stocks 33.8 56.9 68 0 253 16 24 Million Pounds SOYBEAN OIL Production 2.6 4.3 383 15 1058 31 11 Exports 17.2 29.0 229 0 777 27 14 Domestic Use 1.9 3.2 254 0 576 24 17 Ending Stocks 17.2 28.9 238 5 753 27 15 ANIMAL PROD. 3/ Million Pounds Beef 2.3 3.9 474 19 1388 27 15 Pork 2.1 3.5 303 10 983 24 18 Broilers 1.3 2.3 318 6 1006 28 14 Turkeys 2.6 4.4 105 3 398 19 23 Million Dozen Eggs 1.6 2.7 92 4 433 28 14 Billion Pounds Milk 1.1 1.9 1.4 0.0 5.2 20 21 ================================================================================