WASDE - 645 - 8 February 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 2793.94 3588.82 513.54 2794.80 794.02 2022/23 (Est.) 2748.47 3542.49 495.50 2764.84 777.65 2023/24 (Proj.) Jan 2812.30 3589.92 501.28 2810.97 778.95 Feb 2809.56 3587.20 503.23 2812.11 775.09 Wheat 2021/22 780.05 1063.91 202.77 791.16 272.75 2022/23 (Est.) 789.17 1061.93 220.17 790.71 271.21 2023/24 (Proj.) Jan 784.91 1056.47 209.54 796.44 260.03 Feb 785.74 1056.96 210.69 797.52 259.44 Coarse Grains 5/ 2021/22 1500.79 1824.00 253.87 1486.02 337.98 2022/23 (Est.) 1446.34 1784.32 221.05 1454.24 330.09 2023/24 (Proj.) Jan 1513.85 1844.10 240.25 1492.43 351.67 Feb 1510.08 1840.17 240.92 1491.70 348.47 Rice, milled 2021/22 513.10 700.91 56.90 517.62 183.28 2022/23 (Est.) 512.96 696.24 54.28 519.89 176.35 2023/24 (Proj.) Jan 513.54 689.35 51.50 522.10 167.25 Feb 513.74 690.08 51.62 522.90 167.18 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.) Jan 459.13 520.72 81.72 362.27 76.74 Feb 459.13 520.66 82.03 361.40 77.23 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.) Jan 49.31 68.76 19.73 31.41 17.62 Feb 49.31 68.76 19.73 31.14 17.90 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.) Jan 402.89 442.73 59.29 325.71 57.73 Feb 402.89 442.65 59.54 325.12 57.99 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.) Jan 6.93 9.23 2.70 5.14 1.38 Feb 6.93 9.26 2.76 5.14 1.35 ================================================================================ WASDE - 645 - 9 February 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 2346.78 3076.84 418.71 2434.74 736.93 2022/23 (Est.) 2342.04 3071.13 427.76 2414.81 724.05 2023/24 (Proj.) Jan 2353.17 3069.20 419.57 2448.70 702.21 Feb 2350.42 3066.54 421.19 2450.71 697.86 Wheat 2021/22 735.25 993.49 181.11 760.75 254.40 2022/23 (Est.) 744.28 995.36 199.52 760.29 255.71 2023/24 (Proj.) Jan 735.59 987.71 189.81 765.03 242.41 Feb 736.43 988.19 190.96 766.38 241.54 Coarse Grains 5/ 2021/22 1104.50 1391.10 183.35 1161.11 300.51 2022/23 (Est.) 1089.89 1387.15 176.01 1139.24 292.95 2023/24 (Proj.) Jan 1110.96 1401.37 180.96 1166.71 293.94 Feb 1107.19 1397.52 181.38 1166.58 290.48 Rice, milled 2021/22 507.03 692.25 54.25 512.88 182.02 2022/23 (Est.) 507.87 688.63 52.23 515.29 175.38 2023/24 (Proj.) Jan 506.61 680.12 48.80 516.96 165.87 Feb 506.80 680.82 48.85 517.75 165.83 ================================================================================ 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 2021/22 114.49 192.16 43.19 116.11 76.42 2022/23 (Est.) 116.26 192.68 36.96 111.16 82.97 2023/24 (Proj.) Jan 113.18 196.39 43.05 112.43 84.38 Feb 112.82 195.79 42.87 112.46 83.70 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.) Jan 12.43 16.69 12.10 1.90 2.90 Feb 12.43 16.69 12.30 1.75 2.80 Foreign 4/ 2021/22 96.96 171.48 28.71 113.56 72.37 2022/23 (Est.) 101.79 174.16 24.20 109.11 78.72 2023/24 (Proj.) Jan 100.75 179.71 30.95 110.53 81.48 Feb 100.39 179.10 30.57 110.71 80.90 ================================================================================ WASDE - 645 - 10 February 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 2021/22 611.78 727.80 179.45 510.18 117.47 2022/23 (Est.) 637.21 754.69 202.12 523.91 122.36 2023/24 (Proj.) Jan 660.18 780.29 197.35 541.96 131.34 Feb 659.40 781.76 197.13 541.85 133.37 Oilmeals 2021/22 349.53 369.35 96.28 346.77 20.28 2022/23 (Est.) 356.83 377.11 97.27 355.03 17.64 2023/24 (Proj.) Jan 369.85 387.65 100.71 364.10 19.69 Feb 369.79 387.42 101.51 364.17 19.28 Vegetable Oils 2021/22 207.77 236.58 79.61 202.38 29.11 2022/23 (Est.) 217.67 246.78 88.33 210.39 31.41 2023/24 (Proj.) Jan 223.04 253.91 89.89 218.48 30.41 Feb 222.83 254.24 89.60 217.98 31.13 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.) Jan 122.37 132.70 48.79 66.71 9.15 Feb 122.37 132.70 47.97 66.59 10.14 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.) Jan 51.52 56.16 14.10 41.62 0.44 Feb 51.45 56.09 14.09 41.56 0.44 Vegetable Oils 2021/22 13.05 19.62 1.05 17.30 1.27 2022/23 (Est.) 13.18 20.73 0.33 19.27 1.12 2023/24 (Proj.) Jan 13.59 21.38 0.30 19.97 1.11 Feb 13.54 21.27 0.30 19.86 1.11 Foreign 3/ Oilseeds 2021/22 480.46 586.66 119.90 446.31 108.33 2022/23 (Est.) 511.46 618.27 147.01 459.75 113.51 2023/24 (Proj.) Jan 537.80 647.59 148.56 475.25 122.19 Feb 537.03 649.07 149.16 475.26 123.23 Oilmeals 2021/22 300.30 316.16 83.82 306.39 19.93 2022/23 (Est.) 306.88 322.50 83.77 314.34 17.22 2023/24 (Proj.) Jan 318.33 331.49 86.62 322.48 19.25 Feb 318.34 331.33 87.43 322.60 18.83 Vegetable Oils 2021/22 194.72 216.96 78.57 185.09 27.84 2022/23 (Est.) 204.49 226.05 88.00 191.12 30.29 2023/24 (Proj.) Jan 209.44 232.53 89.58 198.51 29.30 Feb 209.29 232.97 89.30 198.12 30.02 ================================================================================ WASDE - 645 - 11 February 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 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 96 122 145 145 Supply, Total 2588 2446 2527 2527 Food 971 973 970 960 Seed 58 68 64 64 Feed and Residual 88 77 120 120 Domestic, Total 1117 1118 1154 1144 Exports 796 759 725 725 Use, Total 1913 1876 1879 1869 Ending Stocks 674 570 648 658 Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.20 7.20 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 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 25 65 10 5 40 145 Supply, Total 3/ 849 688 549 314 127 2527 Food 378 255 160 84 83 960 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 281 263 85 85 1144 Exports 140 230 175 155 25 725 Use, Total 570 511 438 240 110 1869 Ending Stocks, Total Feb 279 177 111 74 17 658 Jan 274 177 107 73 17 648 ================================================================================ WASDE - 645 - 12 February 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 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 2.4 2.3 Supply, Total 432.4 396.5 442.1 442.0 Feed and Residual 147.4 142.3 147.6 147.5 Food, Seed & Industrial 177.0 172.1 177.5 177.0 Domestic, Total 324.4 314.4 325.1 324.6 Exports 70.5 45.0 59.3 59.5 Use, Total 394.9 359.4 384.4 384.1 Ending Stocks 37.5 37.1 57.7 58.0 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 5487 5675 5675 Food,Seed& Industrial 2/ 6757 6558 6790 6780 Ethanol & by-products 3/ 5320 5176 5375 5375 Domestic, Total 12427 12045 12465 12455 Exports 2472 1661 2100 2100 Use, Total 14900 13706 14565 14555 Ending Stocks 1377 1360 2162 2172 Avg.FarmPrice ($/bu) 4/ 6.00 6.54 4.80 4.80 ================================================================================ WASDE - 645 - 13 February 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 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 45 Food, Seed & Industrial 45 59 45 35 Total Domestic 125 102 90 80 Exports 296 109 230 240 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg.FarmPrice ($/bu) 2/ 5.94 5.94 4.85 4.85 BARLEY AreaPlanted (mil. acres) 2.7 2.9 3.1 3.1 AreaHarvested(mil.acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 14 14 Supply, Total 207 235 265 265 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 3 Use, Total 170 169 188 188 Ending Stocks 37 66 77 77 Avg.FarmPrice ($/bu) 2/ 5.31 7.40 7.50 7.50 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 85 80 Supply, Total 159 174 177 172 Feed and Residual 44 57 55 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 136 131 Exports 3 2 2 2 Use, Total 126 140 138 133 Ending Stocks 33 35 39 39 Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.70 3.70 ================================================================================ WASDE - 645 - 14 February 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Pounds Yield per Harvested Acre 7710 7385 7649 7649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 42.0 43.0 Supply, Total 272.5 239.7 290.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 85.0 87.0 Rough 28.2 18.1 31.0 33.0 Milled (rough equiv.) 55.3 46.2 54.0 54.0 Use, Total 232.8 209.4 247.0 249.0 Ending Stocks 39.7 30.3 43.5 42.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.80 18.40 18.40 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 35.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 210.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 125.0 Exports 8/ 62.0 49.8 61.0 63.0 Use, Total 179.7 163.8 186.0 188.0 Ending Stocks 24.6 21.2 24.0 23.0 Avg.FarmPrice($/cwt) 6/ 13.60 16.70 16.00 16.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8546 8118 7963 7963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 24.0 24.0 Use, Total 53.1 45.6 61.0 61.0 Ending Stocks 13.0 6.8 17.2 17.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 26.00 26.00 California 10/ 31.90 40.90 30.00 30.00 Other States 1/ 13.90 18.20 17.50 17.50 ================================================================================ WASDE - 645 - 15 February 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 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 30 Supply, Total 4737 4569 4459 4459 Crushings 2204 2212 2300 2300 Exports 2152 1992 1755 1720 Seed 102 97 101 102 Residual 5 4 23 22 Use, Total 4463 4305 4179 4144 Ending Stocks 274 264 280 315 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.75 12.65 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1602 1602 Production 4/ 26155 26227 27025 27025 Imports 303 376 450 450 Supply, Total 28589 28594 29077 29077 Domestic Disappearance 24827 26614 27200 27200 Biofuel 3/ 10379 12491 13000 13000 Food, Feed & other Industrial 14449 14123 14200 14200 Exports 1771 378 300 300 Use, Total 26598 26992 27500 27500 Ending stocks 1991 1602 1577 1577 Avg. Price (c/lb) 2/ 72.98 65.26 54.00 51.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 371 371 Production 4/ 51814 52493 54154 54154 Imports 655 632 600 600 Supply, Total 52810 53436 55125 55125 Domestic Disappearance 38959 38402 39425 39425 Exports 13540 14664 15300 15300 Use, Total 52499 53065 54725 54725 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 ================================================================================ WASDE - 645 - 16 February 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1843 1843 Production 2/ 9157 9250 9391 9352 Beet Sugar 5155 5187 5407 5327 Cane Sugar 4002 4063 3985 4024 Florida 1934 1985 2037 2045 Louisiana 1944 2001 1904 1935 Texas 124 76 44 44 Imports 3646 3614 3310 3326 TRQ 3/ 1579 1862 1613 1612 Other Program 4/ 298 141 200 200 Non-program 1769 1611 1497 1514 Mexico 1379 1156 922 799 High-tier tariff/other 390 455 575 715 Total Supply 14508 14685 14544 14520 Exports 29 82 160 160 Deliveries 12578 12589 12630 12555 Food 12470 12473 12525 12450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12688 12843 12790 12715 Ending Stocks 1820 1843 1754 1805 Stocks to Use Ratio 14.3 14.3 13.7 14.2 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2022/23 Est. Jan 964 5224 285 4627 1011 835 Feb 964 5224 285 4627 1011 835 2023/24 Proj. Jan 835 5016 511 4648 814 900 Feb 835 4875 547 4648 709 900 ================================================================================ WASDE - 645 - 17 February 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Jan Feb ================================================================================ 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 820 953 845 845 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.43 12.43 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.69 16.69 Domestic Use 2.55 2.05 1.90 1.75 Exports, Total 14.48 12.77 12.10 12.30 Use, Total 17.03 14.82 14.00 14.05 Unaccounted 2/ -0.40 -0.55 -0.21 -0.16 Ending Stocks 4.05 4.25 2.90 2.80 Avg. Farm Price 3/ 91.4 84.8 76.0 77.0 ================================================================================ WASDE - 645 - 18 February 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/ 283.86 780.05 199.93 160.19 791.16 202.77 272.75 World Less China 144.74 643.11 190.36 125.19 643.16 201.89 135.99 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.86 735.25 197.31 157.79 760.75 181.11 254.40 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 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/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.06 204.04 130.32 54.87 323.89 15.28 172.25 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 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 26.61 1.87 47.02 0.41 12.31 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 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/ 272.75 789.17 211.48 153.67 790.71 220.17 271.21 World Less China 135.99 651.45 198.19 120.67 642.71 219.23 132.40 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.40 744.28 208.16 151.58 760.29 199.52 255.71 Major Exporters 4/ 41.21 335.12 13.21 74.61 182.00 160.78 46.76 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 4.16 9.30 25.59 3.66 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.25 206.12 133.35 50.74 320.40 15.13 176.18 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 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/ 12.31 17.24 29.12 1.67 46.42 0.77 11.48 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.43 24.60 3.68 39.73 0.65 11.56 Southeast Asia 9/ 4.64 0.00 24.54 7.40 24.15 1.28 3.75 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 - 645 - 19 February 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/ Jan 271.56 784.91 209.15 161.06 796.44 209.54 260.03 Feb 271.21 785.74 209.89 160.46 797.52 210.69 259.44 World Less China Jan 132.74 648.32 196.65 124.06 642.94 208.64 126.52 Feb 132.40 649.15 197.89 123.46 644.02 209.79 126.43 United States Jan 15.50 49.31 3.95 3.27 31.41 19.73 17.62 Feb 15.50 49.31 3.95 3.27 31.14 19.73 17.90 Total Foreign Jan 256.06 735.59 205.20 157.79 765.03 189.81 242.41 Feb 255.71 736.43 205.95 157.19 766.38 190.96 241.54 Major Exporters 4/ Jan 46.74 321.15 12.18 77.20 184.50 154.50 41.08 Feb 46.76 321.35 13.19 76.20 183.90 156.50 40.90 Argentina Jan 4.07 15.00 0.00 0.20 6.70 10.00 2.37 Feb 4.07 15.50 0.01 0.20 6.70 10.50 2.38 Australia Jan 4.37 25.50 0.20 4.00 7.50 19.00 3.57 Feb 4.37 25.50 0.20 3.50 7.00 19.50 3.57 Canada Jan 3.64 31.95 0.60 3.50 8.70 24.00 3.50 Feb 3.66 31.95 0.60 3.50 8.70 24.00 3.51 European Union 5/ Jan 16.52 134.30 11.00 45.50 110.00 36.50 15.32 Feb 16.52 134.00 12.00 46.00 110.50 36.50 15.52 Russia Jan 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Feb 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Ukraine Jan 3.50 23.40 0.08 4.00 8.60 14.00 4.38 Feb 3.50 23.40 0.08 3.00 8.00 15.00 3.98 Major Importers 6/ Jan 176.54 206.83 131.32 54.87 327.94 16.45 170.31 Feb 176.18 207.54 129.92 54.87 327.69 16.80 169.16 Bangladesh Jan 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Feb 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Jan 1.82 8.40 5.60 0.80 12.20 2.50 1.12 Feb 1.82 8.10 5.60 0.80 12.20 2.20 1.12 China Jan 138.82 136.59 12.50 37.00 153.50 0.90 133.51 Feb 138.82 136.59 12.00 37.00 153.50 0.90 133.01 Japan Jan 1.14 1.12 5.50 0.65 6.25 0.30 1.21 Feb 1.14 1.12 5.30 0.65 6.15 0.30 1.11 N. Africa 7/ Jan 12.14 16.73 29.70 1.75 47.30 0.70 10.57 Feb 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Nigeria Jan 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Feb 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Jan 11.36 19.77 22.32 3.32 39.94 0.63 12.89 Feb 11.56 20.77 22.12 3.52 40.24 0.88 13.34 Southeast Asia 9/ Jan 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Feb 3.75 0.00 25.20 7.10 24.15 1.12 3.68 India Jan 9.50 110.55 0.25 6.75 109.90 0.40 10.00 Feb 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Kazakhstan Jan 3.27 12.00 2.00 1.00 5.95 10.00 1.32 Feb 3.27 12.11 2.00 1.00 5.95 10.00 1.43 United Kingdom Jan 2.50 14.30 2.00 6.90 15.00 1.90 1.90 Feb 2.50 14.00 2.10 7.30 15.40 0.80 2.40 ================================================================================ WASDE - 645 - 20 February 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/ 323.21 1500.79 230.11 906.06 1486.02 253.87 337.98 World Less China 115.75 1219.94 188.61 678.23 1165.99 253.86 128.21 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.19 1104.50 227.52 758.57 1161.11 183.35 300.51 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/ 36.21 248.24 138.72 285.10 369.66 15.34 38.17 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 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 29.05 40.50 60.59 69.40 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 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. World 3/ 337.98 1446.34 213.12 888.51 1454.24 221.05 330.09 World Less China 128.21 1160.84 180.50 658.56 1133.09 221.04 123.36 United States 37.48 356.45 3.25 142.41 315.00 45.04 37.14 Total Foreign 300.51 1089.89 209.87 746.10 1139.24 176.01 292.95 Major Exporters 4/ 27.43 328.40 4.46 136.45 184.61 146.66 29.02 Argentina 2.63 41.84 0.02 9.10 15.03 27.51 1.95 Australia 3.61 18.84 0.00 5.77 7.65 10.93 3.87 Brazil 4.50 141.60 1.95 67.05 81.19 56.02 10.84 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/ 38.17 229.85 136.17 273.56 356.57 13.08 34.54 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 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 31.37 33.13 55.60 63.72 1.07 6.34 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 209.77 285.50 32.62 229.95 321.15 0.01 206.73 ================================================================================ WASDE - 645 - 21 February 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/ Jan 330.25 1513.85 230.19 918.16 1492.43 240.25 351.67 Feb 330.09 1510.08 229.22 915.15 1491.70 240.92 348.47 World Less China Jan 123.55 1216.70 191.04 679.01 1162.03 240.22 139.10 Feb 123.36 1212.94 189.77 675.70 1161.00 240.89 135.87 United States Jan 37.14 402.89 2.71 147.74 325.71 59.29 57.73 Feb 37.14 402.89 2.63 147.65 325.12 59.54 57.99 Total Foreign Jan 293.12 1110.96 227.48 770.43 1166.71 180.96 293.94 Feb 292.95 1107.19 226.59 767.50 1166.58 181.38 290.48 Major Exporters 4/ Jan 28.84 334.02 5.15 140.50 189.89 150.80 27.33 Feb 29.02 331.04 5.20 139.55 189.05 151.31 24.91 Argentina Jan 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Feb 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Australia Jan 3.87 13.34 0.00 6.11 7.99 7.16 2.06 Feb 3.87 13.34 0.00 5.61 7.49 7.66 2.07 Brazil Jan 10.84 132.33 1.70 68.28 83.31 54.03 7.53 Feb 10.84 129.33 1.73 68.28 83.31 52.06 6.52 Canada Jan 3.72 27.16 3.25 16.81 24.75 6.18 3.19 Feb 3.72 27.16 3.25 17.06 25.00 5.93 3.19 Russia Jan 2.32 42.94 0.10 22.79 31.94 11.36 2.07 Feb 2.32 42.94 0.10 22.79 31.94 11.39 2.04 Ukraine Jan 3.65 37.62 0.02 7.51 9.94 23.17 8.19 Feb 3.71 37.62 0.02 6.81 9.31 25.37 6.68 Major Importers 5/ Jan 34.40 230.96 144.98 281.50 365.33 13.65 31.36 Feb 34.54 230.11 144.08 280.29 364.11 13.55 31.07 European Union 6/ Jan 14.68 134.78 25.60 110.45 150.55 10.66 13.85 Feb 14.68 134.78 25.10 110.15 150.25 10.66 13.65 Japan Jan 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Feb 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Jan 5.20 31.31 20.33 33.18 53.18 0.20 3.45 Feb 5.20 30.36 20.33 32.48 52.48 0.20 3.20 N. Afr & Mideast 7/ Jan 6.20 33.32 37.79 61.35 69.54 2.17 5.60 Feb 6.34 33.53 37.79 61.63 69.83 2.07 5.75 Saudi Arabia Jan 1.41 0.15 8.81 8.62 8.96 0.00 1.41 Feb 1.41 0.15 8.41 8.22 8.56 0.00 1.41 Southeast Asia 8/ Jan 3.04 30.91 18.86 40.50 49.05 0.61 3.13 Feb 3.04 30.81 18.86 40.40 48.95 0.61 3.13 South Korea Jan 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Feb 1.91 0.16 11.91 9.54 12.03 0.00 1.95 China Jan 206.70 297.14 39.15 239.15 330.40 0.03 212.57 Feb 206.73 297.14 39.45 239.45 330.70 0.03 212.60 ================================================================================ WASDE - 645 - 22 February 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 1215.93 184.45 743.16 1198.37 206.64 310.50 World Less China 87.24 943.37 162.57 534.16 907.37 206.63 101.37 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.46 183.84 599.13 882.70 143.83 275.53 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/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 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/ 310.50 1155.94 172.58 728.46 1166.19 180.99 300.25 World Less China 101.37 878.74 153.87 510.46 867.19 180.98 94.21 United States 34.98 346.74 0.98 139.37 305.95 42.20 34.55 Total Foreign 275.53 809.20 171.60 589.10 860.24 138.79 265.70 Major Exporters 4/ 16.45 231.93 1.39 90.30 115.60 116.72 17.44 Argentina 1.80 35.00 0.02 7.50 11.70 24.00 1.11 Brazil 3.97 137.00 1.30 63.00 76.00 56.00 10.27 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 6.90 13.00 3.70 2.35 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 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 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 ================================================================================ WASDE - 645 - 23 February 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/ Jan 300.56 1235.73 190.76 763.73 1211.07 200.89 325.22 Feb 300.25 1232.57 189.82 761.75 1210.76 200.82 322.06 World Less China Jan 94.52 946.89 167.76 538.73 905.07 200.87 113.36 Feb 94.21 943.73 166.82 536.75 904.76 200.80 110.20 United States Jan 34.55 389.69 0.64 144.15 316.63 53.34 54.91 Feb 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Total Foreign Jan 266.01 846.04 190.13 619.58 894.44 147.54 270.31 Feb 265.70 842.88 189.18 617.60 894.39 147.47 266.89 Major Exporters 4/ Jan 17.34 246.30 1.29 95.60 122.30 124.70 17.93 Feb 17.44 243.30 1.29 95.10 121.80 124.70 15.53 Argentina Jan 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Feb 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Brazil Jan 10.27 127.00 1.20 63.50 77.50 54.00 6.97 Feb 10.27 124.00 1.20 63.50 77.50 52.00 5.97 Russia Jan 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Feb 0.91 17.00 0.05 10.50 11.60 5.30 1.06 South Africa Jan 2.25 16.80 0.00 7.30 13.60 3.40 2.05 Feb 2.35 16.80 0.00 7.30 13.60 3.40 2.15 Ukraine Jan 2.80 30.50 0.02 4.50 5.50 21.00 6.82 Feb 2.80 30.50 0.02 4.00 5.00 23.00 5.32 Major Importers 5/ Jan 19.98 123.84 101.45 165.40 221.75 5.01 18.51 Feb 19.98 123.24 100.95 164.70 221.05 5.01 18.11 Egypt Jan 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Feb 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Jan 7.23 60.10 23.50 58.30 79.20 4.20 7.43 Feb 7.23 60.10 23.00 58.00 78.90 4.20 7.23 Japan Jan 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Feb 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Jan 4.50 25.50 19.60 28.00 46.60 0.20 2.80 Feb 4.50 25.00 19.60 27.70 46.30 0.20 2.60 Southeast Asia 7/ Jan 3.03 30.86 17.95 39.80 48.10 0.61 3.13 Feb 3.03 30.76 17.95 39.70 48.00 0.61 3.13 South Korea Jan 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Feb 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Canada Jan 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Feb 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Jan 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Feb 206.04 288.84 23.00 225.00 306.00 0.02 211.86 ================================================================================ WASDE - 645 - 24 February 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/ 187.81 513.10 54.48 517.62 56.90 183.28 World Less China 71.31 364.11 48.53 361.26 54.82 70.28 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.42 507.03 53.28 512.88 54.25 182.02 Major Exporters 4/ 47.32 197.74 1.76 158.55 43.91 44.36 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.70 4.82 2.70 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 2.41 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 1.17 7.34 0.93 7.15 1.39 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 1.94 7.64 0.69 8.20 0.12 1.95 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/ 183.28 512.96 55.07 519.89 54.28 176.35 World Less China 70.28 367.01 50.68 364.90 52.54 69.75 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 182.02 507.87 53.80 515.29 52.23 175.38 Major Exporters 4/ 44.36 200.90 1.86 162.21 42.55 42.37 Burma 0.88 11.80 0.01 10.20 1.58 0.91 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.70 5.50 0.01 3.60 3.76 0.84 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/ 125.49 238.73 23.41 263.94 2.16 121.52 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.30 3.35 0.39 0.81 Indonesia 2.90 34.00 3.50 35.70 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 4.47 6.35 0.00 1.28 Selected Other Brazil 0.90 7.00 1.00 7.00 1.20 0.70 C. Amer & Carib 8/ 0.57 1.54 1.96 3.38 0.05 0.64 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 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 - 645 - 25 February 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/ Jan 175.81 513.54 49.69 522.10 51.50 167.25 Feb 176.35 513.74 49.23 522.90 51.62 167.18 World Less China Jan 69.21 368.92 46.99 372.18 49.50 65.25 Feb 69.75 369.12 47.13 372.98 49.62 65.78 United States Jan 0.96 6.93 1.33 5.14 2.70 1.38 Feb 0.96 6.93 1.37 5.14 2.76 1.35 Total Foreign Jan 174.85 506.61 48.35 516.96 48.80 165.87 Feb 175.38 506.80 47.87 517.75 48.85 165.83 Major Exporters 4/ Jan 42.31 199.95 1.46 165.60 38.60 39.51 Feb 42.37 199.95 1.51 165.60 38.70 39.53 Burma Jan 0.98 11.95 0.00 10.25 1.80 0.89 Feb 0.91 11.95 0.00 10.25 1.80 0.81 India Jan 35.00 132.00 0.00 118.00 16.00 33.00 Feb 35.00 132.00 0.00 118.00 16.00 33.00 Pakistan Jan 0.84 9.00 0.01 3.65 5.00 1.20 Feb 0.84 9.00 0.01 3.65 5.10 1.10 Thailand Jan 3.89 20.00 0.05 12.50 8.20 3.24 Feb 3.85 20.00 0.10 12.50 8.20 3.25 Vietnam Jan 1.60 27.00 1.40 21.20 7.60 1.20 Feb 1.77 27.00 1.40 21.20 7.60 1.37 Major Importers 5/ Jan 121.17 236.82 20.00 259.97 2.46 115.57 Feb 121.52 236.72 19.80 260.32 2.46 115.27 China Jan 106.60 144.62 2.70 149.92 2.00 102.00 Feb 106.60 144.62 2.10 149.92 2.00 101.40 European Union 6/ Jan 0.81 1.43 2.40 3.40 0.40 0.84 Feb 0.81 1.43 2.40 3.40 0.40 0.84 Indonesia Jan 4.40 33.50 2.50 35.80 0.00 4.60 Feb 4.70 33.50 2.90 36.00 0.00 5.10 Nigeria Jan 2.18 5.23 2.10 7.70 0.00 1.80 Feb 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Jan 3.48 12.60 3.80 16.40 0.00 3.48 Feb 3.48 12.50 3.90 16.50 0.00 3.38 Sel. Mideast 7/ Jan 1.23 2.02 4.55 6.60 0.00 1.20 Feb 1.28 2.02 4.65 6.75 0.00 1.20 Brazil Jan 0.70 7.48 0.90 7.00 1.30 0.78 Feb 0.70 7.48 0.90 7.00 1.30 0.78 C. Amer & Carib 8/ Jan 0.65 1.52 1.82 3.32 0.04 0.63 Feb 0.64 1.52 1.82 3.31 0.04 0.64 Egypt Jan 0.60 3.78 0.35 4.10 0.01 0.63 Feb 0.60 3.78 0.35 4.10 0.01 0.63 Japan Jan 1.77 7.30 0.69 8.06 0.12 1.57 Feb 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Jan 0.08 0.15 0.83 0.98 0.01 0.07 Feb 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Jan 1.35 3.70 0.46 3.93 0.10 1.48 Feb 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 645 - 26 February 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 77.67 114.49 42.96 116.11 43.19 -0.60 76.42 World Less China 40.38 87.69 35.12 82.36 43.07 -0.60 38.36 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.96 42.96 113.56 28.71 -0.20 72.37 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.46 -0.20 23.32 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 6.43 -0.01 1.14 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 76.42 116.26 37.69 111.16 36.96 -0.72 82.97 World Less China 38.36 85.56 31.46 73.66 36.87 -0.72 45.56 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.37 101.79 37.69 109.11 24.20 -0.18 78.72 Major Exporters 4/ 23.32 55.83 2.40 31.94 19.92 -0.19 29.89 Central Asia 5/ 2.46 5.64 0.03 3.56 1.12 0.00 3.44 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 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 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 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 - 645 - 27 February 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 Jan 83.22 113.18 43.05 112.43 43.05 -0.41 84.38 Feb 82.97 112.82 42.88 112.46 42.87 -0.36 83.70 World Less China Jan 45.81 85.68 31.55 75.93 42.96 -0.41 44.57 Feb 45.56 85.32 30.88 75.46 42.82 -0.36 43.84 United States Jan 4.25 12.43 0.01 1.90 12.10 -0.21 2.90 Feb 4.25 12.43 0.01 1.75 12.30 -0.16 2.80 Total Foreign Jan 78.97 100.75 43.05 110.53 30.95 -0.20 81.48 Feb 78.72 100.39 42.87 110.71 30.57 -0.20 80.90 Major Exporters 4/ Jan 30.14 57.73 2.04 32.82 26.52 -0.20 30.78 Feb 29.89 57.45 1.74 32.82 26.07 -0.20 30.39 Central Asia 5/ Jan 3.46 5.18 0.08 3.99 1.38 0.00 3.35 Feb 3.44 5.18 0.08 3.99 1.38 0.00 3.34 Afr. Fr. Zone 6/ Jan 1.19 4.92 3/ 0.10 4.58 0.00 1.43 Feb 1.19 4.93 3/ 0.10 4.63 0.00 1.39 S. Hemis. 7/ Jan 13.32 22.16 0.17 4.36 18.64 -0.20 12.84 Feb 13.08 21.86 0.17 4.36 18.14 -0.20 12.81 Australia Jan 4.77 5.10 3/ 0.01 5.75 -0.20 4.31 Feb 4.77 4.80 3/ 0.01 5.65 -0.20 4.11 Brazil Jan 5.76 14.56 0.02 3.30 11.50 0.00 5.54 Feb 5.76 14.56 0.02 3.30 11.20 0.00 5.84 India Jan 11.82 25.00 1.30 23.70 1.60 0.00 12.82 Feb 11.82 25.00 1.00 23.70 1.60 0.00 12.52 Major Importers 8/ Jan 45.87 39.54 38.47 73.80 2.62 0.00 47.45 Feb 45.87 39.54 38.60 74.04 2.68 0.00 47.29 Mexico Jan 0.43 0.93 0.75 1.55 0.25 0.00 0.30 Feb 0.43 0.93 0.70 1.50 0.25 0.00 0.30 China Jan 37.40 27.50 11.50 36.50 0.09 0.00 39.81 Feb 37.40 27.50 12.00 37.00 0.05 0.00 39.85 European Union 9/ Jan 0.39 1.05 0.58 0.60 1.13 0.00 0.29 Feb 0.39 1.05 0.56 0.59 1.13 0.00 0.29 Turkey Jan 2.63 3.20 4.10 7.40 1.05 0.00 1.48 Feb 2.63 3.20 4.00 7.20 1.15 0.00 1.48 Pakistan Jan 1.53 6.70 3.80 9.80 0.08 0.00 2.15 Feb 1.53 6.70 3.60 9.80 0.08 0.00 1.95 Indonesia Jan 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Feb 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Jan 0.14 3/ 0.63 0.63 0.00 0.00 0.14 Feb 0.14 3/ 0.53 0.53 0.00 0.00 0.14 Bangladesh Jan 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Feb 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Jan 1.05 3/ 6.70 6.70 0.00 0.00 1.05 Feb 1.05 3/ 6.80 6.80 0.00 0.00 1.05 ================================================================================ WASDE - 645 - 28 February 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/ 100.27 360.41 155.51 314.50 363.94 154.22 98.03 World Less China 69.41 344.02 65.01 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 93.27 238.91 155.08 254.52 301.05 95.65 90.56 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/ 34.24 20.29 122.72 116.74 144.72 0.42 32.11 China 30.86 16.40 90.50 87.90 108.40 0.10 29.25 European Union 1.56 2.83 14.54 15.40 16.97 0.29 1.68 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/ 98.03 378.06 164.38 314.21 364.94 171.96 103.57 World Less China 68.78 357.77 63.53 219.21 248.44 171.87 69.78 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 90.56 261.84 163.71 254.01 301.98 117.75 96.38 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/ 32.11 23.74 131.98 122.47 151.41 0.33 36.08 China 29.25 20.28 100.85 95.00 116.50 0.09 33.79 European Union 1.68 2.55 13.11 14.30 15.88 0.23 1.22 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/ Jan 101.87 398.98 168.35 329.40 383.66 170.94 114.60 Feb 103.57 398.21 167.85 329.29 383.03 170.57 116.03 World Less China Jan 68.08 378.14 66.35 231.40 263.16 170.84 78.57 Feb 69.78 377.37 65.85 231.29 262.53 170.47 80.00 United States Jan 7.19 113.34 0.82 62.60 65.97 47.76 7.62 Feb 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Total Foreign Jan 94.68 285.63 167.53 266.80 317.69 123.18 106.98 Feb 96.38 284.87 167.03 266.70 317.06 123.76 107.46 Major Exporters 3/ Jan 52.82 220.20 6.58 92.85 104.14 112.80 62.67 Feb 54.78 219.20 6.58 92.85 104.14 113.30 63.12 Argentina Jan 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Feb 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Jan 35.35 157.00 0.45 53.75 57.50 99.50 35.80 Feb 37.35 156.00 0.45 53.75 57.50 100.00 36.30 Paraguay Jan 0.21 10.30 0.02 3.50 3.65 6.30 0.58 Feb 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Major Importers 4/ Jan 36.23 24.76 135.84 127.23 157.69 0.42 38.73 Feb 36.08 24.76 135.34 126.63 157.04 0.42 38.72 China Jan 33.79 20.84 102.00 98.00 120.50 0.10 36.03 Feb 33.79 20.84 102.00 98.00 120.50 0.10 36.03 European Union Jan 1.32 3.06 13.80 15.00 16.59 0.30 1.29 Feb 1.22 3.06 13.80 14.90 16.49 0.30 1.29 Southeast Asia 5/ Jan 0.73 0.47 10.14 5.13 10.36 0.02 0.96 Feb 0.67 0.47 9.64 4.63 9.81 0.02 0.95 Mexico Jan 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Feb 0.22 0.14 6.40 6.48 6.54 0.00 0.22 ================================================================================ WASDE - 645 - 29 February 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/ 16.13 246.75 67.15 244.64 68.83 16.57 World Less China 15.35 177.14 67.10 175.01 68.34 16.23 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.82 199.75 66.56 209.30 56.54 16.29 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/ 2.00 22.60 38.39 59.60 1.12 2.28 European Union 0.56 12.17 16.54 27.84 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 0.78 69.62 0.06 69.63 0.48 0.34 2022/23 Est. World 2/ 16.57 247.05 62.66 245.43 67.22 13.64 World Less China 16.23 171.81 62.62 171.48 66.42 12.76 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.29 199.43 62.09 210.59 53.92 13.30 Major Exporters 3/ 7.10 73.03 0.10 30.35 43.96 5.92 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 6.65 1.87 0.17 Major Importers 4/ 2.28 21.57 36.54 57.84 0.98 1.57 European Union 0.66 11.30 16.01 26.79 0.74 0.44 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.32 20.57 0.24 0.94 China 0.34 75.24 0.04 73.95 0.80 0.88 2023/24 Proj. World 2/ Jan 13.70 258.59 66.70 253.73 69.84 15.42 Feb 13.64 258.52 66.77 253.72 70.05 15.15 World Less China Jan 12.82 180.98 66.65 176.98 68.84 14.62 Feb 12.76 180.90 66.72 176.97 69.05 14.36 United States Jan 0.34 49.13 0.54 35.77 13.88 0.36 Feb 0.34 49.13 0.54 35.77 13.88 0.36 Total Foreign Jan 13.36 209.46 66.15 217.97 55.96 15.05 Feb 13.30 209.39 66.22 217.96 56.17 14.79 Major Exporters 3/ Jan 5.92 77.35 0.07 31.15 45.90 6.29 Feb 5.92 77.75 0.07 31.33 46.10 6.31 Argentina Jan 2.36 27.69 0.01 3.48 24.40 2.19 Feb 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Jan 3.39 41.66 0.01 20.70 20.50 3.86 Feb 3.39 41.66 0.01 20.70 20.50 3.86 India Jan 0.17 8.00 0.05 6.98 1.00 0.25 Feb 0.17 8.40 0.05 7.16 1.20 0.27 Major Importers 4/ Jan 1.73 22.95 37.85 59.20 1.01 2.32 Feb 1.57 22.48 37.95 58.99 1.01 2.00 European Union Jan 0.45 11.85 15.80 26.89 0.70 0.51 Feb 0.44 11.77 15.80 26.84 0.70 0.46 Mexico Jan 0.15 5.12 2.05 7.13 0.00 0.19 Feb 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Jan 1.09 4.00 18.40 21.63 0.31 1.56 Feb 0.94 3.61 18.50 21.46 0.31 1.29 China Jan 0.88 77.62 0.05 76.75 1.00 0.79 Feb 0.88 77.62 0.05 76.75 1.00 0.79 ================================================================================ WASDE - 645 - 30 February 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/ 5.53 59.27 11.54 59.22 12.32 4.79 World Less China 4.41 43.52 11.25 42.52 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.56 47.41 11.40 47.96 11.52 3.89 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/ 1.78 18.90 6.64 26.16 0.28 0.89 China 1.12 15.75 0.29 16.70 0.11 0.35 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. World 2/ 4.79 59.18 10.66 58.05 11.64 4.94 World Less China 4.44 42.16 10.25 41.30 11.53 4.02 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.89 47.28 10.49 45.98 11.47 4.21 Major Exporters 3/ 1.50 19.59 0.65 12.15 8.27 1.32 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 2.36 0.92 0.61 Major Importers 4/ 0.89 20.01 6.35 25.27 0.21 1.77 China 0.35 17.02 0.41 16.75 0.12 0.92 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.24 2023/24 Proj. World 2/ Jan 4.96 61.91 10.77 60.78 11.53 5.34 Feb 4.94 61.89 10.75 60.72 11.52 5.34 World Less China Jan 4.04 44.35 10.37 43.08 11.33 4.36 Feb 4.02 44.33 10.35 43.02 11.32 4.35 United States Jan 0.73 12.26 0.20 12.34 0.14 0.72 Feb 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Jan 4.23 49.65 10.57 48.44 11.39 4.63 Feb 4.21 49.63 10.54 48.39 11.38 4.62 Major Exporters 3/ Jan 1.31 20.88 0.43 13.25 8.10 1.26 Feb 1.32 20.86 0.43 13.25 8.10 1.25 Argentina Jan 0.33 7.01 0.00 2.25 4.75 0.34 Feb 0.33 7.01 0.00 2.25 4.75 0.34 Brazil Jan 0.30 10.35 0.03 8.43 1.85 0.40 Feb 0.30 10.35 0.03 8.43 1.85 0.40 European Union Jan 0.62 2.85 0.40 2.51 0.90 0.46 Feb 0.61 2.83 0.40 2.51 0.90 0.44 Major Importers 4/ Jan 1.77 20.70 5.87 26.13 0.28 1.93 Feb 1.77 20.79 5.87 26.18 0.28 1.97 China Jan 0.92 17.56 0.40 17.70 0.20 0.98 Feb 0.92 17.56 0.40 17.70 0.20 0.98 India Jan 0.60 1.80 3.30 5.10 0.02 0.58 Feb 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Jan 0.24 1.01 1.44 2.34 0.05 0.30 Feb 0.24 1.01 1.44 2.34 0.05 0.30 ================================================================================ WASDE - 645 - 31 February 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 46206 5222 51997 107469 9074 226.4 2023 I 6821 7071 13937 11549 1348 13039 26976 2209 56.9 II 6710 6593 13348 11545 1410 13105 26453 2287 58.1 III 6621 6488 13151 11679 1354 13183 26334 2327 56.1 IV 6812 7149 14006 11610 1342 13089 27095 2363 55.6 Jan Est. 26967 27302 54447 46423 5462 52467 106914 9189 226.6 Feb Est. 26963 27301 54442 46383 5455 52416 106858 9187 226.6 2024 I* 6720 7130 13895 11550 1310 13000 26895 2270 57.2 II* 6540 6625 13210 11675 1325 13145 26355 2300 58.2 III* 6495 6765 13305 11850 1360 13355 26660 2345 56.6 IV* 6430 7360 13837 11700 1400 13240 27077 2390 56.2 JanProj. 26110 27970 54262 46675 5470 52710 106972 9325 228.3 FebProj. 26185 27880 54246 46775 5395 52740 106986 9305 228.2 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 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 Jan Est. 175.54 58.59 124.4 140.1 192.4 20.60 Feb Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I* 176.00 55.00 128.0 93.0 260.0 20.35 II* 180.00 62.00 131.0 105.0 160.0 20.80 III* 180.00 66.00 125.0 115.0 145.0 20.80 IV* 184.00 56.00 125.0 116.0 165.0 21.90 JanProj. 178.0 58.0 126.0 111.0 165.0 20.00 FebProj. 180.0 60.0 127.0 107.0 183.0 20.95 ================================================================================ WASDE - 645 - 32 February 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. Jan 723 27035 3708 31467 3015 630 27822 58.1 Feb 723 27032 3727 31483 3038 644 27801 58.0 2024 Proj. Jan 630 26178 3770 30578 2785 600 27193 56.5 Feb 644 26253 4125 31022 2785 615 27622 57.4 Pork 2022 446 27011 1344 28800 6345 504 21951 51.1 2023 Est. Jan 504 27317 1169 28990 6769 450 21772 50.4 Feb 504 27316 1143 28963 6818 471 21674 50.2 2024 Proj. Jan 450 27985 1215 29650 6870 450 22330 51.4 Feb 471 27895 1195 29561 7080 475 22006 50.7 TotalRed Meat5/ 2022 1147 55564 5092 61804 9895 1256 50653 111.6 2023 Est. Jan 1256 54540 5163 60959 9789 1109 50062 109.7 Feb 1256 54535 5154 60945 9861 1136 49948 109.5 2024 Proj. Jan 1109 54355 5310 60773 9661 1077 50036 109.2 Feb 1136 54339 5625 61100 9870 1116 50114 109.3 Broiler 2022 705 45711 176 46593 7290 892 38411 98.9 2023 Est. Jan 892 45926 130 46948 7255 850 38844 99.5 Feb 892 45886 131 46910 7265 845 38800 99.4 2024 Proj. Jan 850 46176 180 47206 7275 860 39071 99.6 Feb 845 46275 215 47334 7215 860 39259 100.1 Turkey 2022 166 5222 85 5473 407 190 4877 14.6 2023 Est. Jan 190 5462 43 5695 490 195 5010 14.9 Feb 190 5455 43 5687 489 244 4954 14.8 2024 Proj. Jan 195 5470 64 5729 500 195 5034 14.9 Feb 244 5395 64 5703 515 195 4993 14.8 Total Poultry6/ 2022 874 51502 268 52645 7716 1087 43841 115.2 2023 Est. Jan 1087 51970 177 53234 7765 1052 44417 116.1 Feb 1087 51920 178 53185 7774 1096 44315 115.9 2024 Proj. Jan 1052 52210 250 53512 7793 1061 44658 116.1 Feb 1096 52239 285 53620 7748 1061 44811 116.6 RedMeat& Poultry 2022 2021 107067 5361 114449 17611 2343 94494 226.8 2023 Est. Jan 2343 106510 5340 114193 17554 2161 94479 225.8 Feb 2343 106455 5332 114130 17635 2232 94263 225.3 2024 Proj. Jan 2161 106565 5560 114285 17454 2138 94694 225.3 Feb 2232 106578 5910 114720 17618 2177 94925 225.9 ================================================================================ WASDE - 645 - 33 February 2024 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Jan Feb Jan Feb ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 23.0 23.1 Production 9297.9 9073.8 9188.8 9186.5 9325.0 9305.0 Imports 18.2 26.0 27.7 27.6 26.0 26.0 Total Supply 9340.6 9118.9 9235.2 9232.8 9374.0 9354.1 Use Exports 392.1 226.5 246.0 250.4 241.0 241.0 Hatching Use 1103.9 1116.4 1106.7 1111.8 1120.0 1125.0 Ending Stocks 19.1 18.8 23.0 23.1 22.0 22.0 Disappearance Total 7825.4 7757.2 7859.6 7847.6 7991.0 7966.1 Per Capita (number) 282.5 279.0 281.3 280.9 284.4 283.7 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Jan Feb Jan Feb ================================================================================ Billion Pounds Milk Production 226.2 226.4 226.6 226.6 228.3 228.2 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 14.4 13.8 Marketings 225.2 225.4 225.6 225.6 227.3 227.2 Imports 6.5 7.1 7.5 7.4 7.5 7.4 Total Supply 247.4 246.8 247.5 247.3 249.2 248.3 FatBasisUse Exports 11.5 13.4 10.6 10.6 11.6 11.7 Ending Stocks 14.3 14.4 14.4 13.8 14.0 12.0 Domestic Use 221.5 219.1 222.5 223.0 223.7 224.7 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 10.6 9.9 Marketings 225.2 225.4 225.6 225.6 227.3 227.2 Imports 5.8 6.7 6.3 6.3 6.4 6.4 Total Supply 241.9 243.2 243.6 243.5 244.3 243.5 Skim-solidBasisUse Exports 50.6 52.9 50.0 49.9 53.2 51.9 Ending Stocks 11.1 11.7 10.6 9.9 10.8 9.5 Domestic Use 180.1 178.7 183.0 183.7 180.3 182.0 ================================================================================ WASDE - 645 - 34 February 2024 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. ity Jan Feb Jan Feb ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.7593 1.7593 1.620 1.690 Butter 1.7325 2.8665 2.6170 2.6170 2.665 2.770 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.190 1.235 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.430 0.480 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 17.02 17.02 16.10 17.10 Class IV 16.09 24.47 19.12 19.12 19.35 20.20 All Milk 3/ 18.53 25.34 20.60 20.48 20.00 20.95 ================================================================================ WASDE - 645 - 35 February 2024 Reliability of February 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 0.6 0.9 2.5 0.0 7.3 32 10 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.1 2.5 0.0 7.3 32 10 Exports World 4.6 7.8 5.0 0.1 18.8 31 11 U.S. 3.9 6.6 1.0 0.0 3.0 20 21 Foreign 5.6 9.4 4.8 0.5 18.4 35 7 Domestic Use World 1.0 1.8 4.9 0.1 15.6 20 22 U.S. 3.7 6.3 0.9 0.0 2.4 13 28 Foreign 1.1 1.8 4.7 0.1 15.1 24 18 Ending Stocks World 4.5 7.6 6.0 0.1 18.2 28 14 U.S. 8.1 13.7 1.3 0.0 4.5 30 12 Foreign 5.0 8.4 5.3 0.2 17.0 26 16 COARSE GRAINS 2/ Production World 1.3 2.2 11.1 0.0 36.3 34 8 U.S. 0.2 0.3 0.2 0.0 1.8 18 11 Foreign 1.8 3.1 11.2 0.0 36.3 32 9 Exports World 5.7 9.5 5.6 0.5 27.7 31 11 U.S. 10.4 17.5 4.1 0.1 12.2 22 20 Foreign 9.4 15.8 5.8 0.1 23.4 29 13 Domestic Use World 1.1 1.8 7.7 0.0 31.3 22 20 U.S. 2.8 4.7 3.9 0.0 17.3 16 25 Foreign 1.3 2.1 7.9 0.5 33.0 26 16 Ending Stocks World 10.5 17.7 14.3 0.2 139.8 37 5 U.S. 13.8 23.3 5.0 0.0 18.5 22 20 Foreign 13.0 21.9 12.3 0.8 144.0 37 5 RICE, milled Production World 1.5 2.6 4.5 0.1 14.0 33 9 U.S. 1.4 2.4 0.0 0.0 0.3 12 6 Foreign 1.6 2.6 4.5 0.1 14.0 33 9 Exports World 8.3 14.0 1.7 0.0 5.2 31 11 U.S. 7.4 12.4 0.2 0.0 0.6 21 19 Foreign 9.2 15.6 1.6 0.0 5.3 30 12 Domestic Use World 1.3 2.1 3.5 0.2 13.3 27 15 U.S. 7.0 11.8 0.2 0.0 0.5 18 24 Foreign 1.3 2.1 3.4 0.1 13.0 27 15 Ending Stocks World 8.9 14.9 5.2 0.2 27.0 33 9 U.S. 18.4 30.9 0.2 0.0 0.5 22 19 Foreign 9.1 15.3 5.1 0.0 26.9 33 8 ================================================================================ WASDE - 645 - 36 February 2024 Reliability of February Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 2.7 4.5 4.6 0.4 15.3 23 19 U.S. 1.3 2.3 0.7 0.0 3.2 18 18 Foreign 4.5 7.6 4.6 0.3 14.9 25 17 Exports World 6.1 10.2 3.3 0.1 13.2 27 15 U.S. 7.1 11.9 1.8 0.1 6.7 28 14 Foreign 15.0 25.3 3.1 0.0 17.2 20 22 Domestic Use World 2.2 3.7 3.5 0.0 12.3 21 21 U.S. 3.0 5.0 1.1 0.0 3.0 27 15 Foreign 2.7 4.5 3.1 0.0 12.5 21 21 Ending Stocks World 13.7 23.1 4.1 0.0 19.3 24 18 U.S. 39.9 67.1 2.0 0.1 6.9 14 28 Foreign 15.0 25.3 3.8 0.2 19.1 27 15 COTTON Production World 2.4 4.0 1.8 0.0 5.4 30 12 U.S. 1.1 1.8 0.1 0.0 0.3 14 27 Foreign 2.8 4.8 1.8 0.1 5.7 30 12 Exports World 5.9 10.0 1.6 0.0 7.9 25 17 U.S. 9.8 16.4 0.7 0.0 2.2 23 18 Foreign 7.7 13.0 1.4 0.1 7.2 24 18 Domestic Use World 3.5 5.9 2.3 0.3 17.0 22 20 U.S. 7.5 12.7 0.2 0.0 0.9 22 17 Foreign 3.5 5.9 2.2 0.3 16.1 23 19 Ending Stocks World 9.5 16.0 3.9 0.0 17.5 25 16 U.S. 20.9 35.2 0.8 0.0 2.1 14 28 Foreign 10.2 17.2 3.7 0.1 15.6 27 15 ================================================================================ WASDE - 645 - 37 February 2024 Reliability of United States February 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 7 0 72 2 6 Exports 11.0 18.5 148 9 388 20 22 Domestic Use 2.7 4.6 133 6 474 18 24 Ending Stocks 15.6 26.3 199 8 838 24 18 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 16.2 27.2 27 0 97 26 14 Domestic Use 15.9 26.8 30 1 178 18 24 Ending Stocks 40.8 68.7 22 1 148 14 28 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 32.4 54.6 6 0 35 14 23 Domestic Use 7.3 12.3 15 0 70 20 20 Ending Stocks 13.6 22.9 12 0 52 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 48.5 81.7 1 0 3 9 8 Domestic Use 5.1 8.6 10 0 36 15 26 Ending Stocks 16.2 27.3 11 1 47 25 17 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.9 854 35 3117 29 13 Exports 9.2 15.4 639 1 2626 31 11 Domestic Use 2.6 4.3 594 7 2066 25 17 Ending Stocks 33.9 57.1 65 0 253 17 23 Million Pounds SOYBEAN OIL Production 2.8 4.7 390 7 1242 27 15 Exports 26.9 45.2 317 25 1027 23 19 Domestic Use 2.9 5.0 384 0 1261 26 15 Ending Stocks 19.2 32.4 284 25 1131 24 18 ANIMAL PROD. 3/ Million Pounds Beef 2.8 4.7 579 9 1613 27 14 Pork 2.9 4.9 392 10 1717 23 18 Broilers 1.6 2.7 375 0 1225 25 15 Turkeys 3.0 5.0 126 2 465 19 22 Million Dozen Eggs 2.0 3.3 111 4 525 23 18 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.7 21 20 ================================================================================