WASDE
WASDE - 646 - 8 March 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 2793.65 3588.62 513.28 2794.81 793.81
2022/23 (Est.) 2749.77 3543.57 494.72 2763.94 779.64
2023/24 (Proj.)
Feb 2809.56 3587.20 503.23 2812.11 775.09
Mar 2809.49 3589.13 507.86 2814.47 774.66
Wheat
2021/22 780.05 1063.91 202.77 791.16 272.75
2022/23 (Est.) 789.17 1061.93 220.17 790.83 271.10
2023/24 (Proj.)
Feb 785.74 1056.96 210.69 797.52 259.44
Mar 786.70 1057.80 212.13 798.98 258.83
Coarse Grains 5/
2021/22 1500.50 1824.14 253.62 1485.85 338.29
2022/23 (Est.) 1446.02 1784.31 220.29 1452.96 331.36
2023/24 (Proj.)
Feb 1510.08 1840.17 240.92 1491.70 348.47
Mar 1507.41 1838.76 243.15 1492.63 346.14
Rice, milled
2021/22 513.10 700.56 56.90 517.80 182.76
2022/23 (Est.) 514.57 697.34 54.25 520.16 177.18
2023/24 (Proj.)
Feb 513.74 690.08 51.62 522.90 167.18
Mar 515.39 692.57 52.58 522.87 169.70
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.)
Feb 459.13 520.66 82.03 361.40 77.23
Mar 459.13 520.63 81.81 361.26 77.57
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.)
Feb 49.31 68.76 19.73 31.14 17.90
Mar 49.31 68.76 19.32 31.14 18.30
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.)
Feb 402.89 442.65 59.54 325.12 57.99
Mar 402.89 442.62 59.69 324.99 57.94
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.)
Feb 6.93 9.26 2.76 5.14 1.35
Mar 6.93 9.26 2.79 5.14 1.32
================================================================================
WASDE - 646 - 9 March 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 2346.48 3076.64 418.45 2434.75 736.72
2022/23 (Est.) 2343.34 3072.22 426.98 2413.91 726.04
2023/24 (Proj.)
Feb 2350.42 3066.54 421.19 2450.71 697.86
Mar 2350.36 3068.50 426.06 2453.20 697.10
Wheat
2021/22 735.25 993.49 181.11 760.75 254.40
2022/23 (Est.) 744.28 995.36 199.52 760.40 255.60
2023/24 (Proj.)
Feb 736.43 988.19 190.96 766.38 241.54
Mar 737.39 989.04 192.81 767.84 240.52
Coarse Grains 5/
2021/22 1104.20 1391.24 183.10 1160.94 300.82
2022/23 (Est.) 1089.57 1387.14 175.25 1137.96 294.22
2023/24 (Proj.)
Feb 1107.19 1397.52 181.38 1166.58 290.48
Mar 1104.52 1396.15 183.46 1167.64 288.19
Rice, milled
2021/22 507.03 691.91 54.25 513.06 181.50
2022/23 (Est.) 509.49 689.73 52.21 515.55 176.22
2023/24 (Proj.)
Feb 506.80 680.82 48.85 517.75 165.83
Mar 508.46 683.31 49.79 517.72 168.38
================================================================================
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.)
Feb 112.82 195.79 42.87 112.46 83.70
Mar 112.96 195.92 43.26 112.94 83.34
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.)
Feb 12.43 16.69 12.30 1.75 2.80
Mar 12.10 16.36 12.30 1.75 2.50
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.)
Feb 100.39 179.10 30.57 110.71 80.90
Mar 100.86 179.57 30.96 111.19 80.84
================================================================================
WASDE - 646 - 10 March 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
2021/22 611.75 725.70 179.44 512.35 113.14
2022/23 (Est.) 637.28 750.42 202.13 524.69 120.76
2023/24 (Proj.)
Feb 659.40 781.76 197.13 541.85 133.37
Mar 658.68 779.44 199.63 541.25 131.36
Oilmeals
2021/22 351.19 371.13 96.38 348.35 20.53
2022/23 (Est.) 357.23 377.76 97.22 355.85 17.56
2023/24 (Proj.)
Feb 369.79 387.42 101.51 364.17 19.28
Mar 369.37 386.93 101.85 364.42 18.83
Vegetable Oils
2021/22 208.15 237.17 79.66 202.77 29.30
2022/23 (Est.) 217.81 247.11 88.65 210.40 31.36
2023/24 (Proj.)
Feb 222.83 254.24 89.60 217.98 31.13
Mar 222.85 254.21 88.99 218.16 30.85
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.)
Feb 122.37 132.70 47.97 66.59 10.14
Mar 122.37 132.65 48.05 66.66 10.10
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.)
Feb 51.45 56.09 14.09 41.56 0.44
Mar 51.56 56.21 14.54 41.23 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.)
Feb 13.54 21.27 0.30 19.86 1.11
Mar 13.55 21.35 0.29 19.94 1.11
Foreign 3/
Oilseeds
2021/22 480.43 584.56 119.88 448.49 104.00
2022/23 (Est.) 511.52 614.00 147.02 460.52 111.92
2023/24 (Proj.)
Feb 537.03 649.07 149.16 475.26 123.23
Mar 536.31 646.79 151.58 474.59 121.26
Oilmeals
2021/22 301.96 317.94 83.92 307.97 20.18
2022/23 (Est.) 307.29 323.17 83.73 315.17 17.14
2023/24 (Proj.)
Feb 318.34 331.33 87.43 322.60 18.83
Mar 317.81 330.72 87.31 323.20 18.39
Vegetable Oils
2021/22 195.10 217.55 78.61 185.50 28.00
2022/23 (Est.) 204.63 226.36 88.32 191.13 30.23
2023/24 (Proj.)
Feb 209.29 232.97 89.30 198.12 30.02
Mar 209.29 232.86 88.70 198.22 29.74
================================================================================
WASDE - 646 - 11 March 2024
U.S. Wheat Supply and Use 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
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 971 973 960 960
Seed 58 68 64 64
Feed and Residual 88 77 120 120
Domestic, Total 1117 1118 1144 1144
Exports 796 759 725 710
Use, Total 1913 1876 1869 1854
Ending Stocks 674 570 658 673
Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.20 7.15
================================================================================
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 23 65 8 5 44 145
Supply, Total 3/ 847 688 547 314 131 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 135 230 165 155 25 710
Use, Total 565 511 428 240 110 1854
Ending Stocks, Total
Mar 282 177 119 74 21 673
Feb 279 177 111 74 17 658
================================================================================
WASDE - 646 - 12 March 2024
U.S. Feed Grain and Corn Supply and Use 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
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 147.4 142.3 147.5 147.5
Food, Seed & Industrial 177.0 172.1 177.0 176.9
Domestic, Total 324.4 314.4 324.6 324.4
Exports 70.5 45.0 59.5 59.7
Use, Total 394.9 359.4 384.1 384.1
Ending Stocks 37.5 37.1 58.0 57.9
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 6780 6780
Ethanol & by-products 3/ 5320 5176 5375 5375
Domestic, Total 12427 12045 12455 12455
Exports 2472 1661 2100 2100
Use, Total 14900 13706 14555 14555
Ending Stocks 1377 1360 2172 2172
Avg.FarmPrice ($/bu) 4/ 6.00 6.54 4.80 4.75
================================================================================
WASDE - 646 - 13 March 2024
U.S. Sorghum, Barley, and Oats Supply and Use 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
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 35 30
Total Domestic 125 102 80 75
Exports 296 109 240 245
Use, Total 421 211 320 320
Ending Stocks 47 24 22 22
Avg.FarmPrice ($/bu) 2/ 5.94 5.94 4.85 4.85
BARLEY
AreaPlanted (mil. acres) 2.7 2.9 3.1 3.1
AreaHarvested(mil.acres) 2.0 2.4 2.6 2.6
Yield (bushels/acre) 60.5 71.7 72.4 72.4
Beginning Stocks 71 37 66 66
Production 121 174 185 185
Imports 15 24 14 15
Supply, Total 207 235 265 266
Feed and Residual 23 36 60 60
Food, Seed & Industrial 139 131 125 125
Total Domestic 162 167 185 185
Exports 7 2 3 4
Use, Total 170 169 188 189
Ending Stocks 37 66 77 77
Avg.FarmPrice ($/bu) 2/ 5.31 7.40 7.50 7.40
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 80 77
Supply, Total 159 174 172 169
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 39 36
Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.70 3.80
================================================================================
WASDE - 646 - 14 March 2024
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
Million Acres
TOTAL RICE
Area Planted 2.53 2.22 2.89 2.89
Area Harvested 2.48 2.17 2.85 2.85
Pounds
Yield per Harvested Acre 7710 7385 7649 7649
Million Hundredweight
Beginning Stocks 2/ 43.7 39.7 30.3 30.3
Production 191.1 160.0 218.3 218.3
Imports 37.8 39.9 43.0 43.0
Supply, Total 272.5 239.7 291.5 291.5
Domestic & Residual 3/ 149.3 145.1 162.0 162.0
Exports, Total 4/ 83.5 64.3 87.0 88.0
Rough 28.2 18.1 33.0 36.0
Milled (rough equiv.) 55.3 46.2 54.0 52.0
Use, Total 232.8 209.4 249.0 250.0
Ending Stocks 39.7 30.3 42.5 41.5
Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00
Avg.FarmPrice($/cwt) 6/ 16.10 19.80 18.40 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/ 117.7 114.0 125.0 125.0
Exports 8/ 62.0 49.8 63.0 66.0
Use, Total 179.7 163.8 188.0 191.0
Ending Stocks 24.6 21.2 23.0 20.0
Avg.FarmPrice($/cwt) 6/ 13.60 16.70 16.00 16.10
MEDIUM & SHORT GRAIN RICE
Harvested Acres (mil.) 0.55 0.39 0.81 0.81
Yield (pounds/acre) 8546 8118 7963 7963
Beginning Stocks 11.5 13.0 6.8 6.8
Imports 7.1 8.0 7.0 7.0
Production 47.1 31.6 64.4 64.4
Supply, Total 7/ 66.1 52.4 78.2 78.2
Domestic & Residual 3/ 31.6 31.1 37.0 37.0
Exports 8/ 21.5 14.5 24.0 22.0
Use, Total 53.1 45.6 61.0 59.0
Ending Stocks 13.0 6.8 17.2 19.2
Avg. Farm Price ($/cwt) 1/ 6/
9/ 26.40 33.80 26.00 27.50
California 10/ 31.90 40.90 30.00 32.00
Other States 1/ 13.90 18.20 17.50 18.00
================================================================================
WASDE - 646 - 15 March 2024
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
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 1720 1720
Seed 102 97 102 102
Residual 5 4 22 22
Use, Total 4463 4305 4144 4144
Ending Stocks 274 264 315 315
Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.65 12.65
Million Pounds
SOYBEAN OIL
Beginning Stocks 2131 1991 1602 1607
Production 4/ 26155 26227 27025 27025
Imports 303 376 450 450
Supply, Total 28589 28594 29077 29082
Domestic Disappearance 24827 26609 27200 27200
Biofuel 3/ 10379 12491 13000 13000
Food, Feed & other
Industrial 14449 14118 14200 14200
Exports 1771 378 300 300
Use, Total 26598 26987 27500 27500
Ending stocks 1991 1607 1577 1582
Avg. Price (c/lb) 2/ 72.98 65.26 51.00 49.00
Thousand Short Tons
SOYBEAN MEAL
Beginning Stocks 341 311 371 371
Production 4/ 51814 52493 54154 54254
Imports 655 632 600 600
Supply, Total 52810 53436 55125 55225
Domestic Disappearance 38959 38402 39425 39025
Exports 13540 14664 15300 15800
Use, Total 52499 53065 54725 54825
Ending Stocks 311 371 400 400
Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00
================================================================================
WASDE - 646 - 16 March 2024
U.S. Sugar Supply and Use 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
1000 Short Tons, Raw Value
Beginning Stocks 1705 1820 1843 1843
Production 2/ 9157 9250 9352 9243
Beet Sugar 5155 5187 5327 5172
Cane Sugar 4002 4063 4024 4071
Florida 1934 1985 2045 2095
Louisiana 1944 2001 1935 1936
Texas 124 76 44 40
Imports 3646 3614 3326 3331
TRQ 3/ 1579 1862 1612 1750
Other Program 4/ 298 141 200 200
Non-program 1769 1611 1514 1381
Mexico 1379 1156 799 666
High-tier tariff/other 390 455 715 715
Total Supply 14508 14685 14520 14416
Exports 29 82 160 160
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 12715
Ending Stocks 1820 1843 1805 1701
Stocks to Use Ratio 14.3 14.3 14.2 13.4
================================================================================
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.
Feb 964 5224 285 4627 1011 835
Mar 964 5224 285 4627 1011 835
2023/24 Proj.
Feb 835 4875 547 4648 709 900
Mar 835 4747 494 4593 595 889
================================================================================
WASDE - 646 - 17 March 2024
U.S. Cotton Supply and Use 1/
================================================================================
2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj.
Item Feb Mar
================================================================================
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 820 953 845 822
Million 480 Pound Bales
Beginning Stocks 3.15 4.05 4.25 4.25
Production 17.52 14.47 12.43 12.10
Imports 0.01 0.00 0.01 0.01
Supply, Total 20.68 18.52 16.69 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 -0.16 -0.20
Ending Stocks 4.05 4.25 2.80 2.50
Avg. Farm Price 3/ 91.4 84.8 77.0 77.0
================================================================================
WASDE - 646 - 18 March 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/ 272.75 789.17 211.26 153.97 790.83 220.17 271.10
World Less China 135.99 651.45 197.98 120.97 642.83 219.23 132.28
United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50
Total Foreign 254.40 744.28 207.94 151.88 760.40 199.52 255.60
Major Exporters 4/ 41.21 335.12 13.21 74.76 182.15 160.78 46.61
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/ 13.31 134.19 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 50.89 320.40 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 39.53 0.65 11.76
Southeast Asia 9/ 4.64 0.00 24.54 7.55 24.35 1.28 3.55
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 - 646 - 19 March 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/
Feb 271.21 785.74 209.89 160.46 797.52 210.69 259.44
Mar 271.10 786.70 211.21 162.06 798.98 212.13 258.83
World Less China
Feb 132.40 649.15 197.89 123.46 644.02 209.79 126.43
Mar 132.28 650.11 200.21 125.06 645.48 211.23 126.82
United States
Feb 15.50 49.31 3.95 3.27 31.14 19.73 17.90
Mar 15.50 49.31 3.95 3.27 31.14 19.32 18.30
Total Foreign
Feb 255.71 736.43 205.95 157.19 766.38 190.96 241.54
Mar 255.60 737.39 207.27 158.80 767.84 192.81 240.52
Major Exporters 4/
Feb 46.76 321.35 13.19 76.20 183.90 156.50 40.90
Mar 46.61 322.40 14.23 76.90 184.60 158.00 40.65
Argentina
Feb 4.07 15.50 0.01 0.20 6.70 10.50 2.38
Mar 4.07 15.90 0.05 0.20 6.70 10.50 2.82
Australia
Feb 4.37 25.50 0.20 3.50 7.00 19.50 3.57
Mar 4.37 26.00 0.20 3.50 7.00 20.00 3.57
Canada
Feb 3.66 31.95 0.60 3.50 8.70 24.00 3.51
Mar 3.51 31.95 0.60 3.50 8.70 24.00 3.37
European Union 5/
Feb 16.52 134.00 12.00 46.00 110.50 36.50 15.52
Mar 16.52 133.65 13.00 47.00 111.50 36.50 15.17
Russia
Feb 14.64 91.00 0.30 20.00 43.00 51.00 11.94
Mar 14.64 91.50 0.30 20.00 43.00 51.00 12.44
Ukraine
Feb 3.50 23.40 0.08 3.00 8.00 15.00 3.98
Mar 3.50 23.40 0.08 2.70 7.70 16.00 3.28
Major Importers 6/
Feb 176.18 207.54 129.92 54.87 327.69 16.80 169.16
Mar 176.18 207.54 130.32 55.52 328.54 17.10 168.41
Bangladesh
Feb 0.83 1.10 5.80 0.25 6.75 0.00 0.98
Mar 0.83 1.10 5.80 0.25 6.75 0.00 0.98
Brazil
Feb 1.82 8.10 5.60 0.80 12.20 2.20 1.12
Mar 1.82 8.10 5.60 0.80 12.20 2.20 1.12
China
Feb 138.82 136.59 12.00 37.00 153.50 0.90 133.01
Mar 138.82 136.59 11.00 37.00 153.50 0.90 132.01
Japan
Feb 1.14 1.12 5.30 0.65 6.15 0.30 1.11
Mar 1.14 1.12 5.30 0.65 6.15 0.30 1.11
N. Africa 7/
Feb 11.48 16.73 29.40 1.75 47.05 0.70 9.86
Mar 11.48 16.73 29.40 1.75 47.05 0.70 9.86
Nigeria
Feb 0.36 0.12 4.80 0.00 4.60 0.35 0.33
Mar 0.36 0.12 4.80 0.00 4.60 0.35 0.33
Sel. Mideast 8/
Feb 11.56 20.77 22.12 3.52 40.24 0.88 13.34
Mar 11.76 20.77 21.62 3.52 40.04 0.88 13.24
Southeast Asia 9/
Feb 3.75 0.00 25.20 7.10 24.15 1.12 3.68
Mar 3.55 0.00 26.90 7.75 25.20 1.12 4.13
India
Feb 9.50 110.55 0.25 6.75 111.00 0.30 9.00
Mar 9.50 110.55 0.25 6.75 111.00 0.30 9.00
Kazakhstan
Feb 3.27 12.11 2.00 1.00 5.95 10.00 1.43
Mar 3.27 12.11 2.50 1.30 6.25 10.00 1.63
United Kingdom
Feb 2.50 14.00 2.10 7.30 15.40 0.80 2.40
Mar 2.50 14.00 2.40 7.30 15.50 0.80 2.60
================================================================================
WASDE - 646 - 20 March 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 1500.50 230.11 906.29 1485.85 253.62 338.29
World Less China 115.95 1219.51 188.61 678.26 1165.63 253.61 128.35
United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48
Total Foreign 289.63 1104.20 227.52 758.80 1160.94 183.10 300.82
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/ 36.21 248.14 138.72 285.13 369.55 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 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/ 338.29 1446.02 213.16 888.21 1452.96 220.29 331.36
World Less China 128.35 1161.52 180.54 658.96 1132.51 220.28 124.76
United States 37.48 356.45 3.25 142.41 315.00 45.04 37.14
Total Foreign 300.82 1089.57 209.90 745.80 1137.96 175.25 294.22
Major Exporters 4/ 27.43 329.40 4.50 137.01 185.18 145.91 30.24
Argentina 2.63 42.84 0.02 9.10 15.03 28.51 1.95
Australia 3.61 18.84 0.00 5.72 7.60 10.98 3.87
Brazil 4.50 141.60 1.95 67.55 81.69 54.32 12.04
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/ 38.17 229.79 136.17 273.64 356.50 13.08 34.55
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 31.31 33.13 55.67 63.65 1.07 6.35
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 - 646 - 21 March 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/
Feb 330.09 1510.08 229.22 915.15 1491.70 240.92 348.47
Mar 331.36 1507.41 229.40 914.29 1492.63 243.15 346.14
World Less China
Feb 123.36 1212.94 189.77 675.70 1161.00 240.89 135.87
Mar 124.76 1210.26 189.55 674.44 1161.53 243.12 133.67
United States
Feb 37.14 402.89 2.63 147.65 325.12 59.54 57.99
Mar 37.14 402.89 2.60 147.64 324.99 59.69 57.94
Total Foreign
Feb 292.95 1107.19 226.59 767.50 1166.58 181.38 290.48
Mar 294.22 1104.52 226.81 766.65 1167.64 183.46 288.19
Major Exporters 4/
Feb 29.02 331.04 5.20 139.55 189.05 151.31 24.91
Mar 30.24 330.30 5.31 139.87 189.15 153.86 22.84
Argentina
Feb 1.95 63.28 0.02 11.61 17.77 45.50 1.97
Mar 1.95 64.28 0.02 11.61 17.77 46.50 1.97
Australia
Feb 3.87 13.34 0.00 5.61 7.49 7.66 2.07
Mar 3.87 14.34 0.00 5.61 7.49 8.36 2.37
Brazil
Feb 10.84 129.33 1.73 68.28 83.31 52.06 6.52
Mar 12.04 129.33 1.73 69.28 84.31 52.06 6.72
Canada
Feb 3.72 27.16 3.25 17.06 25.00 5.93 3.19
Mar 3.72 27.16 3.28 17.11 25.15 5.78 3.22
Russia
Feb 2.32 42.94 0.10 22.79 31.94 11.39 2.04
Mar 2.32 42.54 0.10 22.39 31.54 11.39 2.04
Ukraine
Feb 3.71 37.62 0.02 6.81 9.31 25.37 6.68
Mar 3.71 36.62 0.02 6.81 9.31 26.87 4.18
Major Importers 5/
Feb 34.54 230.11 144.08 280.29 364.11 13.55 31.07
Mar 34.55 228.78 143.58 278.63 362.58 13.40 30.93
European Union 6/
Feb 14.68 134.78 25.10 110.15 150.25 10.66 13.65
Mar 14.68 134.78 24.10 109.15 149.25 10.66 13.65
Japan
Feb 1.45 0.25 17.01 13.34 17.24 0.00 1.47
Mar 1.45 0.25 17.01 13.34 17.24 0.00 1.47
Mexico
Feb 5.20 30.36 20.33 32.48 52.48 0.20 3.20
Mar 5.20 29.19 21.43 32.78 52.73 0.05 3.03
N. Afr & Mideast 7/
Feb 6.34 33.53 37.79 61.63 69.83 2.07 5.75
Mar 6.35 33.36 37.89 61.37 69.74 2.07 5.79
Saudi Arabia
Feb 1.41 0.15 8.41 8.22 8.56 0.00 1.41
Mar 1.41 0.15 7.71 7.52 7.86 0.00 1.41
Southeast Asia 8/
Feb 3.04 30.81 18.86 40.40 48.95 0.61 3.13
Mar 3.04 30.81 19.06 40.60 49.15 0.61 3.13
South Korea
Feb 1.91 0.16 11.91 9.54 12.03 0.00 1.95
Mar 1.91 0.16 11.71 9.34 11.83 0.00 1.95
China
Feb 206.73 297.14 39.45 239.45 330.70 0.03 212.60
Mar 206.60 297.14 39.85 239.85 331.10 0.03 212.47
================================================================================
WASDE - 646 - 22 March 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 1215.97 184.45 743.28 1198.27 206.39 310.65
World Less China 87.24 943.42 162.56 534.28 907.27 206.38 101.51
United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98
Total Foreign 261.59 834.50 183.83 599.25 882.60 143.58 275.67
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/ 310.65 1157.53 172.58 729.58 1166.56 180.19 301.62
World Less China 101.51 880.33 153.87 511.58 867.56 180.18 95.58
United States 34.98 346.74 0.98 139.37 305.95 42.20 34.55
Total Foreign 275.67 810.79 171.60 590.21 860.61 137.99 267.07
Major Exporters 4/ 16.45 232.93 1.39 90.90 116.20 115.92 18.64
Argentina 1.80 36.00 0.02 7.50 11.70 25.00 1.11
Brazil 3.97 137.00 1.30 63.50 76.50 54.30 11.47
Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91
South Africa 1.95 17.10 0.00 7.00 13.10 3.60 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 - 646 - 23 March 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/
Feb 300.25 1232.57 189.82 761.75 1210.76 200.82 322.06
Mar 301.62 1230.24 189.48 761.62 1212.24 202.27 319.63
World Less China
Feb 94.21 943.73 166.82 536.75 904.76 200.80 110.20
Mar 95.58 941.40 166.48 536.62 906.24 202.25 107.76
United States
Feb 34.55 389.69 0.64 144.15 316.37 53.34 55.17
Mar 34.55 389.69 0.64 144.15 316.37 53.34 55.17
Total Foreign
Feb 265.70 842.88 189.18 617.60 894.39 147.47 266.89
Mar 267.07 840.55 188.85 617.46 895.86 148.92 264.46
Major Exporters 4/
Feb 17.44 243.30 1.29 95.10 121.80 124.70 15.53
Mar 18.64 241.60 1.29 95.30 121.70 126.70 13.13
Argentina
Feb 1.11 55.00 0.02 9.80 14.10 41.00 1.03
Mar 1.11 56.00 0.02 9.80 14.10 42.00 1.03
Brazil
Feb 10.27 124.00 1.20 63.50 77.50 52.00 5.97
Mar 11.47 124.00 1.20 64.50 78.50 52.00 6.17
Russia
Feb 0.91 17.00 0.05 10.50 11.60 5.30 1.06
Mar 0.91 16.60 0.05 10.10 11.20 5.30 1.06
South Africa
Feb 2.35 16.80 0.00 7.30 13.60 3.40 2.15
Mar 2.35 15.50 0.00 6.90 12.90 2.90 2.05
Ukraine
Feb 2.80 30.50 0.02 4.00 5.00 23.00 5.32
Mar 2.80 29.50 0.02 4.00 5.00 24.50 2.82
Major Importers 5/
Feb 19.98 123.24 100.95 164.70 221.05 5.01 18.11
Mar 19.98 122.24 100.95 164.00 220.35 4.86 17.96
Egypt
Feb 1.51 7.20 8.50 13.30 15.80 0.00 1.41
Mar 1.51 7.20 8.50 13.30 15.80 0.00 1.41
European Union 6/
Feb 7.23 60.10 23.00 58.00 78.90 4.20 7.23
Mar 7.23 60.10 22.00 57.00 77.90 4.20 7.23
Japan
Feb 1.30 0.01 15.50 12.00 15.50 0.00 1.31
Mar 1.30 0.01 15.50 12.00 15.50 0.00 1.31
Mexico
Feb 4.50 25.00 19.60 27.70 46.30 0.20 2.60
Mar 4.50 24.00 20.60 28.00 46.60 0.05 2.45
Southeast Asia 7/
Feb 3.03 30.76 17.95 39.70 48.00 0.61 3.13
Mar 3.03 30.76 18.15 39.90 48.20 0.61 3.13
South Korea
Feb 1.90 0.09 11.80 9.50 11.85 0.00 1.94
Mar 1.90 0.09 11.60 9.30 11.65 0.00 1.94
Canada
Feb 1.63 15.08 3.20 10.50 16.00 1.80 2.10
Mar 1.63 15.08 3.20 10.50 16.00 1.80 2.10
China
Feb 206.04 288.84 23.00 225.00 306.00 0.02 211.86
Mar 206.04 288.84 23.00 225.00 306.00 0.02 211.86
================================================================================
WASDE - 646 - 24 March 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/ 187.47 513.10 54.45 517.80 56.90 182.76
World Less China 70.97 364.11 48.51 361.44 54.82 69.76
United States 1.39 6.07 1.20 4.74 2.65 1.26
Total Foreign 186.08 507.03 53.26 513.06 54.25 181.50
Major Exporters 4/ 47.22 197.74 1.76 158.75 43.91 44.06
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 1.79 9.32 0.01 3.90 4.82 2.40
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 1.17 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/ 182.76 514.57 55.18 520.16 54.25 177.18
World Less China 69.76 368.63 50.79 365.16 52.52 70.58
United States 1.26 5.08 1.27 4.61 2.04 0.96
Total Foreign 181.50 509.49 53.91 515.55 52.21 176.22
Major Exporters 4/ 44.06 202.70 1.86 162.51 42.55 43.57
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 2.40 7.30 0.01 3.90 3.76 2.04
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 23.40 263.94 2.16 121.51
China 113.00 145.95 4.38 154.99 1.74 106.60
European Union 6/ 0.91 1.34 2.31 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 4.46 6.35 0.00 1.27
Selected Other
Brazil 0.90 6.82 1.00 7.00 1.20 0.52
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 - 646 - 25 March 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/
Feb 176.35 513.74 49.23 522.90 51.62 167.18
Mar 177.18 515.39 50.07 522.87 52.58 169.70
World Less China
Feb 69.75 369.12 47.13 372.98 49.62 65.78
Mar 70.58 370.77 47.97 372.95 50.58 68.30
United States
Feb 0.96 6.93 1.37 5.14 2.76 1.35
Mar 0.96 6.93 1.37 5.14 2.79 1.32
Total Foreign
Feb 175.38 506.80 47.87 517.75 48.85 165.83
Mar 176.22 508.46 48.71 517.72 49.79 168.38
Major Exporters 4/
Feb 42.37 199.95 1.51 165.60 38.70 39.53
Mar 43.57 201.95 1.71 165.80 39.50 41.93
Burma
Feb 0.91 11.95 0.00 10.25 1.80 0.81
Mar 0.91 11.95 0.00 10.25 1.80 0.81
India
Feb 35.00 132.00 0.00 118.00 16.00 33.00
Mar 35.00 134.00 0.00 118.00 16.00 35.00
Pakistan
Feb 0.84 9.00 0.01 3.65 5.10 1.10
Mar 2.04 9.00 0.01 3.95 5.50 1.60
Thailand
Feb 3.85 20.00 0.10 12.50 8.20 3.25
Mar 3.85 20.00 0.10 12.40 8.40 3.15
Vietnam
Feb 1.77 27.00 1.40 21.20 7.60 1.37
Mar 1.77 27.00 1.60 21.20 7.80 1.37
Major Importers 5/
Feb 121.52 236.72 19.80 260.32 2.46 115.27
Mar 121.51 236.52 20.50 260.22 2.42 115.89
China
Feb 106.60 144.62 2.10 149.92 2.00 101.40
Mar 106.60 144.62 2.10 149.92 2.00 101.40
European Union 6/
Feb 0.81 1.43 2.40 3.40 0.40 0.84
Mar 0.81 1.43 2.20 3.30 0.36 0.78
Indonesia
Feb 4.70 33.50 2.90 36.00 0.00 5.10
Mar 4.70 33.50 3.50 36.10 0.00 5.60
Nigeria
Feb 2.18 5.23 1.90 7.60 0.00 1.70
Mar 2.18 5.23 1.90 7.60 0.00 1.70
Philippines
Feb 3.48 12.50 3.90 16.50 0.00 3.38
Mar 3.48 12.30 4.20 16.50 0.00 3.48
Sel. Mideast 7/
Feb 1.28 2.02 4.65 6.75 0.00 1.20
Mar 1.27 2.02 4.65 6.65 0.00 1.29
Brazil
Feb 0.70 7.48 0.90 7.00 1.30 0.78
Mar 0.52 7.48 0.90 7.00 1.30 0.60
C. Amer & Carib 8/
Feb 0.64 1.52 1.82 3.31 0.04 0.64
Mar 0.64 1.52 1.77 3.26 0.03 0.63
Egypt
Feb 0.60 3.78 0.35 4.10 0.01 0.63
Mar 0.60 3.78 0.35 4.10 0.01 0.63
Japan
Feb 1.77 7.30 0.69 8.06 0.12 1.57
Mar 1.77 7.30 0.69 8.06 0.12 1.57
Mexico
Feb 0.09 0.15 0.83 0.98 0.01 0.08
Mar 0.09 0.15 0.83 0.98 0.01 0.08
South Korea
Feb 1.35 3.70 0.46 3.93 0.10 1.48
Mar 1.35 3.70 0.46 3.93 0.10 1.48
================================================================================
WASDE - 646 - 26 March 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 - 646 - 27 March 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
Feb 82.97 112.82 42.88 112.46 42.87 -0.36 83.70
Mar 82.97 112.96 43.23 112.94 43.26 -0.40 83.34
World Less China
Feb 45.56 85.32 30.88 75.46 42.82 -0.36 43.84
Mar 45.56 85.46 30.33 75.44 43.21 -0.40 43.09
United States
Feb 4.25 12.43 0.01 1.75 12.30 -0.16 2.80
Mar 4.25 12.10 0.01 1.75 12.30 -0.20 2.50
Total Foreign
Feb 78.72 100.39 42.87 110.71 30.57 -0.20 80.90
Mar 78.72 100.86 43.23 111.19 30.96 -0.20 80.84
Major Exporters 4/
Feb 29.89 57.45 1.74 32.82 26.07 -0.20 30.39
Mar 29.89 57.91 1.73 33.13 26.36 -0.20 30.24
Central Asia 5/
Feb 3.44 5.18 0.08 3.99 1.38 0.00 3.34
Mar 3.44 5.24 0.08 4.00 1.32 0.00 3.45
Afr. Fr. Zone 6/
Feb 1.19 4.93 3/ 0.10 4.63 0.00 1.39
Mar 1.19 4.93 3/ 0.10 4.58 0.00 1.44
S. Hemis. 7/
Feb 13.08 21.86 0.17 4.36 18.14 -0.20 12.81
Mar 13.08 21.76 0.16 4.36 18.14 -0.20 12.70
Australia
Feb 4.77 4.80 3/ 0.01 5.65 -0.20 4.11
Mar 4.77 4.80 3/ 0.01 5.75 -0.20 4.01
Brazil
Feb 5.76 14.56 0.02 3.30 11.20 0.00 5.84
Mar 5.76 14.56 0.01 3.30 11.20 0.00 5.83
India
Feb 11.82 25.00 1.00 23.70 1.60 0.00 12.52
Mar 11.82 25.50 1.00 24.00 2.00 0.00 12.32
Major Importers 8/
Feb 45.87 39.54 38.60 74.04 2.68 0.00 47.29
Mar 45.87 39.54 38.99 74.23 2.78 0.00 47.39
Mexico
Feb 0.43 0.93 0.70 1.50 0.25 0.00 0.30
Mar 0.43 0.93 0.70 1.50 0.25 0.00 0.30
China
Feb 37.40 27.50 12.00 37.00 0.05 0.00 39.85
Mar 37.40 27.50 12.90 37.50 0.05 0.00 40.25
European Union 9/
Feb 0.39 1.05 0.56 0.59 1.13 0.00 0.29
Mar 0.39 1.05 0.55 0.57 1.13 0.00 0.29
Turkey
Feb 2.63 3.20 4.00 7.20 1.15 0.00 1.48
Mar 2.63 3.20 3.80 7.00 1.25 0.00 1.38
Pakistan
Feb 1.53 6.70 3.60 9.80 0.08 0.00 1.95
Mar 1.53 6.70 3.40 9.80 0.08 0.00 1.75
Indonesia
Feb 0.36 3/ 2.00 1.90 0.02 0.00 0.45
Mar 0.36 3/ 2.00 1.90 0.02 0.00 0.45
Thailand
Feb 0.14 3/ 0.53 0.53 0.00 0.00 0.14
Mar 0.14 3/ 0.50 0.50 0.00 0.00 0.14
Bangladesh
Feb 1.73 0.16 7.50 7.80 0.00 0.00 1.59
Mar 1.73 0.16 7.50 7.80 0.00 0.00 1.59
Vietnam
Feb 1.05 3/ 6.80 6.80 0.00 0.00 1.05
Mar 1.05 3/ 6.80 6.80 0.00 0.00 1.05
================================================================================
WASDE - 646 - 28 March 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/ 98.27 360.41 155.31 316.60 365.84 154.22 93.93
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 91.27 238.91 154.88 256.62 302.95 95.65 86.46
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/ 32.24 20.29 122.51 118.84 146.62 0.42 28.00
China 28.86 16.40 90.30 90.00 110.30 0.10 25.15
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/ 93.93 378.06 168.03 315.18 365.90 171.96 102.15
World Less China 68.78 357.77 63.53 219.18 248.40 171.87 69.81
United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19
Total Foreign 86.46 261.83 167.36 254.98 302.95 117.75 94.96
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/ 28.00 23.74 135.66 123.47 152.41 0.33 34.66
China 25.15 20.28 104.50 96.00 117.50 0.09 32.34
European Union 1.68 2.55 13.14 14.30 15.88 0.23 1.26
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/
Feb 103.57 398.21 167.85 329.29 383.03 170.57 116.03
Mar 102.15 396.85 170.78 328.19 381.90 173.61 114.27
World Less China
Feb 69.78 377.37 65.85 231.29 262.53 170.47 80.00
Mar 69.81 376.01 65.78 230.19 261.40 173.51 76.69
United States
Feb 7.19 113.34 0.82 62.60 65.97 46.81 8.57
Mar 7.19 113.34 0.82 62.60 65.97 46.81 8.57
Total Foreign
Feb 96.38 284.87 167.03 266.70 317.06 123.76 107.46
Mar 94.96 283.51 169.96 265.60 315.93 126.80 105.70
Major Exporters 3/
Feb 54.78 219.20 6.58 92.85 104.14 113.30 63.12
Mar 54.78 218.20 6.58 92.10 103.39 116.30 59.87
Argentina
Feb 17.21 50.00 6.10 35.50 42.75 4.60 25.96
Mar 17.21 50.00 6.10 35.50 42.75 4.60 25.96
Brazil
Feb 37.35 156.00 0.45 53.75 57.50 100.00 36.30
Mar 37.35 155.00 0.45 53.00 56.75 103.00 33.05
Paraguay
Feb 0.17 10.30 0.02 3.50 3.65 6.30 0.54
Mar 0.17 10.30 0.02 3.50 3.65 6.30 0.54
Major Importers 4/
Feb 36.08 24.76 135.34 126.63 157.04 0.42 38.72
Mar 34.66 24.76 138.29 126.60 157.01 0.42 40.29
China
Feb 33.79 20.84 102.00 98.00 120.50 0.10 36.03
Mar 32.34 20.84 105.00 98.00 120.50 0.10 37.58
European Union
Feb 1.22 3.06 13.80 14.90 16.49 0.30 1.29
Mar 1.26 3.06 13.80 14.90 16.49 0.30 1.33
Southeast Asia 5/
Feb 0.67 0.47 9.64 4.63 9.81 0.02 0.95
Mar 0.67 0.47 9.59 4.59 9.78 0.01 0.94
Mexico
Feb 0.22 0.14 6.40 6.48 6.54 0.00 0.22
Mar 0.22 0.14 6.40 6.48 6.54 0.00 0.22
================================================================================
WASDE - 646 - 29 March 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/ 16.30 248.42 67.15 246.12 68.83 16.92
World Less China 15.34 177.14 67.10 175.02 68.34 16.21
United States 0.31 47.01 0.59 35.34 12.28 0.28
Total Foreign 15.99 201.41 66.56 210.77 56.54 16.64
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 0.96 71.28 0.06 71.10 0.48 0.71
2022/23 Est.
World 2/ 16.92 247.82 62.67 246.50 67.21 13.70
World Less China 16.21 171.78 62.63 171.45 66.42 12.77
United States 0.28 47.62 0.57 34.84 13.30 0.34
Total Foreign 16.64 200.19 62.10 211.66 53.91 13.37
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 36.54 57.82 0.98 1.58
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 20.55 0.24 0.96
China 0.71 76.03 0.04 75.05 0.80 0.94
2023/24 Proj.
World 2/
Feb 13.64 258.52 66.77 253.72 70.05 15.15
Mar 13.70 257.76 66.95 253.49 70.03 14.89
World Less China
Feb 12.76 180.90 66.72 176.97 69.05 14.36
Mar 12.77 180.15 66.90 176.74 69.03 14.04
United States
Feb 0.34 49.13 0.54 35.77 13.88 0.36
Mar 0.34 49.22 0.54 35.40 14.33 0.36
Total Foreign
Feb 13.30 209.39 66.22 217.96 56.17 14.79
Mar 13.37 208.55 66.41 218.09 55.70 14.53
Major Exporters 3/
Feb 5.92 77.75 0.07 31.33 46.10 6.31
Mar 5.95 77.17 0.07 31.23 45.90 6.06
Argentina
Feb 2.36 27.69 0.01 3.48 24.40 2.19
Mar 2.36 27.69 0.01 3.48 24.40 2.19
Brazil
Feb 3.39 41.66 0.01 20.70 20.50 3.86
Mar 3.39 41.08 0.01 20.70 20.10 3.68
India
Feb 0.17 8.40 0.05 7.16 1.20 0.27
Mar 0.20 8.40 0.05 7.05 1.40 0.20
Major Importers 4/
Feb 1.57 22.48 37.95 58.99 1.01 2.00
Mar 1.58 22.45 38.05 59.10 0.99 1.99
European Union
Feb 0.44 11.77 15.80 26.84 0.70 0.46
Mar 0.44 11.77 15.80 26.84 0.70 0.46
Mexico
Feb 0.15 5.12 2.05 7.13 0.00 0.19
Mar 0.15 5.12 2.05 7.13 0.00 0.19
Southeast Asia 5/
Feb 0.94 3.61 18.50 21.46 0.31 1.29
Mar 0.96 3.58 18.60 21.57 0.29 1.28
China
Feb 0.88 77.62 0.05 76.75 1.00 0.79
Mar 0.94 77.62 0.05 76.75 1.00 0.85
================================================================================
WASDE - 646 - 30 March 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/ 5.59 59.65 11.53 59.61 12.32 4.82
World Less China 4.41 43.52 11.24 42.51 12.21 4.44
United States 0.97 11.86 0.14 11.26 0.80 0.90
Total Foreign 4.62 47.78 11.39 48.35 11.52 3.92
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/ 1.84 19.28 6.64 26.56 0.28 0.92
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/ 0.37 1.19 1.42 2.53 0.13 0.32
2022/23 Est.
World 2/ 4.82 59.35 10.67 58.30 11.64 4.91
World Less China 4.44 42.15 10.28 41.30 11.53 4.03
United States 0.90 11.90 0.17 12.07 0.17 0.73
Total Foreign 3.92 47.46 10.50 46.23 11.47 4.18
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/ 0.92 20.18 6.33 25.52 0.20 1.72
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/ 0.32 0.86 1.29 2.16 0.08 0.23
2023/24 Proj.
World 2/
Feb 4.94 61.89 10.75 60.72 11.52 5.34
Mar 4.91 61.68 10.78 60.86 11.50 5.01
World Less China
Feb 4.02 44.33 10.35 43.02 11.32 4.35
Mar 4.03 44.12 10.38 43.06 11.30 4.18
United States
Feb 0.73 12.26 0.20 12.34 0.14 0.72
Mar 0.73 12.26 0.20 12.34 0.14 0.72
Total Foreign
Feb 4.21 49.63 10.54 48.39 11.38 4.62
Mar 4.18 49.43 10.58 48.52 11.37 4.29
Major Exporters 3/
Feb 1.32 20.86 0.43 13.25 8.10 1.25
Mar 1.32 20.72 0.43 13.25 8.10 1.10
Argentina
Feb 0.33 7.01 0.00 2.25 4.75 0.34
Mar 0.33 7.01 0.00 2.25 4.80 0.29
Brazil
Feb 0.30 10.35 0.03 8.43 1.85 0.40
Mar 0.30 10.21 0.03 8.43 1.75 0.36
European Union
Feb 0.61 2.83 0.40 2.51 0.90 0.44
Mar 0.61 2.83 0.40 2.51 0.90 0.44
Major Importers 4/
Feb 1.77 20.79 5.87 26.18 0.28 1.97
Mar 1.72 20.79 5.87 26.28 0.28 1.82
China
Feb 0.92 17.56 0.40 17.70 0.20 0.98
Mar 0.87 17.56 0.40 17.80 0.20 0.84
India
Feb 0.60 1.89 3.30 5.15 0.02 0.62
Mar 0.60 1.89 3.30 5.15 0.02 0.62
North Africa 5/
Feb 0.24 1.01 1.44 2.34 0.05 0.30
Mar 0.23 1.01 1.44 2.34 0.05 0.29
================================================================================
WASDE - 646 - 31 March 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
Feb Est. 26963 27301 54442 46383 5455 52416 106858 9187 226.6
Mar Est. 26963 27301 54442 46387 5457 52431 106873 9142 226.4
2024
I* 6600 7160 13804 11600 1300 13043 26847 2258 57.0
II* 6685 6625 13355 11675 1310 13130 26485 2300 57.8
III* 6535 6765 13345 11850 1360 13355 26700 2345 56.4
IV* 6505 7360 13912 11750 1400 13290 27202 2390 56.1
FebProj. 26185 27880 54246 46775 5395 52740 106986 9305 228.2
MarProj. 26325 27910 54415 46875 5370 52818 107233 9293 227.3
================================================================================
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
Feb Est. 175.54 58.59 124.4 140.1 192.4 20.48
Mar Est. 175.54 58.59 124.4 140.1 192.4 20.48
2024
I* 179.00 55.00 128.0 97.0 250.0 20.85
II* 183.00 65.00 131.0 105.0 160.0 21.10
III* 182.00 67.00 125.0 115.0 145.0 20.90
IV* 186.00 56.00 125.0 116.0 165.0 22.10
FebProj. 180.0 60.0 127.0 107.0 183.0 20.95
MarProj. 183.0 61.0 127.0 108.0 180.0 21.25
================================================================================
WASDE - 646 - 32 March 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.
Feb 723 27032 3727 31483 3038 644 27801 58.0
Mar 723 27032 3727 31483 3038 638 27807 58.1
2024 Proj.
Feb 644 26253 4125 31022 2785 615 27622 57.4
Mar 638 26393 4175 31206 2785 615 27806 57.8
Pork
2022 446 27011 1344 28800 6345 504 21951 51.1
2023 Est.
Feb 504 27316 1143 28963 6818 471 21674 50.2
Mar 504 27316 1143 28963 6818 471 21674 50.2
2024 Proj.
Feb 471 27895 1195 29561 7080 475 22006 50.7
Mar 471 27925 1185 29582 7130 465 21987 50.6
TotalRed
Meat5/
2022 1147 55564 5092 61804 9895 1256 50653 111.6
2023 Est.
Feb 1256 54535 5154 60945 9861 1136 49948 109.5
Mar 1256 54535 5154 60945 9861 1130 49954 109.5
2024 Proj.
Feb 1136 54339 5625 61100 9870 1116 50114 109.3
Mar 1130 54508 5671 61309 9920 1101 50288 109.7
Broiler
2022 705 45713 176 46594 7290 892 38412 98.9
2023 Est.
Feb 892 45886 131 46910 7265 845 38800 99.4
Mar 892 45890 131 46914 7265 835 38814 99.5
2024 Proj.
Feb 845 46275 215 47334 7215 860 39259 100.1
Mar 835 46373 215 47423 7165 860 39398 100.4
Turkey
2022 166 5222 85 5473 407 190 4877 14.6
2023 Est.
Feb 190 5455 43 5687 489 244 4954 14.8
Mar 190 5457 43 5689 489 243 4957 14.8
2024 Proj.
Feb 244 5395 64 5703 515 195 4993 14.8
Mar 243 5370 51 5664 520 195 4949 14.7
Total
Poultry6/
2022 874 51504 268 52646 7716 1087 43843 115.2
2023 Est.
Feb 1087 51920 178 53185 7774 1096 44315 115.9
Mar 1087 51934 178 53200 7774 1085 44341 115.9
2024 Proj.
Feb 1096 52239 285 53620 7748 1061 44811 116.6
Mar 1085 52316 272 53673 7703 1061 44909 116.8
RedMeat& Poultry
2022 2021 107068 5361 114450 17611 2343 94496 226.8
2023 Est.
Feb 2343 106455 5332 114130 17635 2232 94263 225.3
Mar 2343 106470 5332 114145 17635 2215 94295 225.4
2024 Proj.
Feb 2232 106578 5910 114720 17618 2177 94925 225.9
Mar 2215 106824 5943 114982 17623 2162 95197 226.5
================================================================================
WASDE - 646 - 33 March 2024
U.S. Egg Supply and Use
================================================================================
2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj.
Commodity Feb Mar Feb Mar
================================================================================
Million Dozen
Eggs
Supply
BeginningStocks 24.5 19.1 18.8 18.8 23.1 23.1
Production 9402.0 9116.6 9186.5 9142.4 9305.0 9293.0
Imports 18.2 26.0 27.6 27.6 26.0 26.0
Total Supply 9444.7 9161.7 9232.8 9188.7 9354.1 9342.1
Use
Exports 392.1 226.5 250.4 250.4 241.0 241.0
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 22.0
Disappearance
Total 7929.5 7798.6 7847.6 7803.4 7966.1 7954.1
Per Capita (number) 286.3 280.5 280.9 279.3 283.7 283.3
================================================================================
U.S. Milk Supply and Use
================================================================================
2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj.
Commodity Feb Mar Feb Mar
================================================================================
Billion Pounds
Milk
Production 226.2 226.4 226.6 226.4 228.2 227.3
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 225.2 225.4 225.6 225.4 227.2 226.3
Imports 6.5 7.1 7.4 7.4 7.4 7.7
Total Supply 247.4 246.8 247.3 247.1 248.3 247.7
FatBasisUse
Exports 11.5 13.4 10.6 10.6 11.7 11.1
Ending Stocks 14.3 14.4 13.8 13.8 12.0 11.9
Domestic Use 221.5 219.1 223.0 222.8 224.7 224.7
Skim-solidBasisSupply
BeginningStocks 10.9 11.1 11.7 11.7 9.9 9.9
Marketings 225.2 225.4 225.6 225.4 227.2 226.3
Imports 5.8 6.7 6.3 6.3 6.4 6.7
Total Supply 241.9 243.2 243.5 243.3 243.5 242.8
Skim-solidBasisUse
Exports 50.6 52.9 49.9 49.9 51.9 50.0
Ending Stocks 11.1 11.7 9.9 9.9 9.5 9.4
Domestic Use 180.1 178.7 183.7 183.5 182.0 183.4
================================================================================
WASDE - 646 - 34 March 2024
U.S. Dairy Prices
================================================================================
Commod- 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj.
ity Feb Mar Feb Mar
================================================================================
Dollars Per Pound
Product Prices 1/
Cheese 1.6755 2.1122 1.7593 1.7593 1.690 1.710
Butter 1.7325 2.8665 2.6170 2.6170 2.770 2.800
Nonfat Dry
Milk 1.2693 1.6851 1.1856 1.1856 1.235 1.210
Dry Whey 0.5744 0.6057 0.3618 0.3618 0.480 0.450
Milk Prices 2/ Dollars Per Cwt
ClassIII 17.08 21.96 17.02 17.02 17.10 17.15
Class IV 16.09 24.47 19.12 19.12 20.20 20.10
All Milk
3/ 18.53 25.34 20.48 20.48 20.95 21.25
================================================================================
WASDE - 646 - 35 March 2024
Reliability of March Projections 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Metric Tons
WHEAT
Production
World 0.5 0.9 2.3 0.0 8.0 31 11
U.S. 0.2 0.3 0.1 0.0 0.3 19 11
Foreign 0.6 1.0 2.3 0.1 8.0 31 11
Exports
World 4.2 7.0 4.4 0.0 17.0 34 8
U.S. 3.1 5.2 0.8 0.0 2.4 22 19
Foreign 5.1 8.5 4.2 0.1 16.0 32 10
Domestic Use
World 0.9 1.5 4.4 0.2 12.2 18 24
U.S. 3.7 6.2 0.9 0.0 2.4 15 27
Foreign 0.9 1.5 4.2 0.1 11.5 23 19
Ending Stocks
World 4.1 6.9 5.7 0.2 14.1 29 13
U.S. 7.9 13.3 1.1 0.0 4.5 27 15
Foreign 4.4 7.4 5.0 0.0 13.5 28 13
COARSE GRAINS 2/
Production
World 1.2 2.0 10.5 0.5 35.1 35 7
U.S. 0.2 0.3 0.2 0.0 1.8 17 11
Foreign 1.7 2.8 10.6 0.5 35.1 35 7
Exports
World 5.1 8.5 5.3 0.0 24.2 29 13
U.S. 8.2 13.8 3.4 0.0 9.1 20 22
Foreign 8.2 13.8 5.2 0.1 21.5 28 14
Domestic Use
World 0.9 1.6 7.1 0.1 24.2 24 18
U.S. 2.8 4.7 3.9 0.2 17.3 16 26
Foreign 1.1 1.9 7.0 0.4 24.6 28 14
Ending Stocks
World 10.1 16.9 13.5 0.6 143.8 37 5
U.S. 13.2 22.2 4.5 0.1 15.3 24 18
Foreign 12.3 20.8 11.4 0.5 142.1 38 4
RICE, milled
Production
World 1.3 2.2 3.5 0.2 13.8 31 11
U.S. 1.2 2.0 0.0 0.0 0.2 11 6
Foreign 1.3 2.2 3.5 0.1 13.8 31 11
Exports
World 7.9 13.3 1.6 0.1 5.3 32 10
U.S. 7.1 11.9 0.2 0.0 0.5 20 19
Foreign 8.8 14.9 1.6 0.1 4.9 31 11
Domestic Use
World 1.1 1.9 3.3 0.2 13.9 28 14
U.S. 6.9 11.6 0.2 0.0 0.5 17 24
Foreign 1.1 1.9 3.2 0.2 13.5 28 14
Ending Stocks
World 8.3 14.0 4.9 0.5 25.8 29 13
U.S. 18.4 30.9 0.2 0.0 0.4 22 18
Foreign 8.6 14.5 5.0 0.3 25.7 29 13
================================================================================
WASDE - 646 - 36 March 2024
Reliability of March Projections (Continued) 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Metric Tons
SOYBEANS
Production
World 2.2 3.6 3.4 0.1 12.4 22 20
U.S. 1.3 2.3 0.7 0.0 3.2 18 17
Foreign 3.6 6.0 3.3 0.1 12.6 23 19
Exports
World 5.4 9.2 3.0 0.0 12.8 27 14
U.S. 6.3 10.7 1.7 0.1 6.7 29 13
Foreign 14.0 23.6 2.8 0.1 16.8 20 22
Domestic Use
World 2.0 3.4 3.1 0.0 11.4 20 22
U.S. 2.9 4.9 1.1 0.0 3.0 26 15
Foreign 2.4 4.0 2.6 0.1 12.8 19 23
Ending Stocks
World 12.8 21.6 4.0 0.1 16.4 23 19
U.S. 39.2 66.0 2.0 0.1 7.2 13 29
Foreign 13.7 23.1 3.6 0.1 17.1 28 14
COTTON
Production
World 1.8 3.0 1.4 0.0 5.2 25 15
U.S. 1.0 1.6 0.1 0.0 0.3 14 27
Foreign 2.2 3.7 1.4 0.0 5.3 25 16
Exports
World 5.3 8.9 1.4 0.0 6.5 22 19
U.S. 6.4 10.8 0.5 0.0 1.7 19 22
Foreign 6.9 11.6 1.2 0.0 5.8 24 18
Domestic Use
World 3.3 5.6 2.0 0.0 16.1 21 21
U.S. 7.2 12.0 0.2 0.0 0.9 20 19
Foreign 4.1 6.8 2.2 0.1 15.3 22 20
Ending Stocks
World 8.7 14.7 3.6 0.2 16.2 25 17
U.S. 17.7 29.8 0.6 0.0 2.2 15 27
Foreign 9.4 15.8 3.5 0.0 14.0 27 15
================================================================================
WASDE - 646 - 37 March 2024
Reliability of United States March Projections 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Bushels
CORN
Production 0.2 0.3 6 0 72 1 6
Exports 8.4 14.2 122 13 310 19 23
Domestic Use 2.7 4.6 137 9 474 17 25
Ending Stocks 14.7 24.8 173 3 713 25 17
SORGHUM
Production 0.1 0.2 0 0 4 0 2
Exports 14.3 24.0 25 0 90 26 14
Domestic Use 15.3 25.8 30 1 178 17 25
Ending Stocks 40.4 68.1 22 1 148 16 26
BARLEY
Production 0.9 1.6 1 0 11 21 4
Exports 29.5 49.6 5 0 20 14 24
Domestic Use 7.1 12.0 14 0 70 19 21
Ending Stocks 14.5 24.5 13 1 53 25 17
OATS
Production 0.4 0.7 0 0 2 5 4
Exports 33.3 56.1 1 0 3 7 6
Domestic Use 5.2 8.8 10 0 36 15 26
Ending Stocks 16.6 28.0 11 0 47 25 16
Thousand Short Tons
SOYBEAN MEAL
Production 2.9 4.9 881 46 2917 29 13
Exports 8.6 14.5 608 1 2426 33 9
Domestic Use 2.5 4.2 583 41 2066 28 14
Ending Stocks 33.8 56.9 65 0 253 17 23
Million Pounds
SOYBEAN OIL
Production 2.8 4.7 406 7 1173 30 12
Exports 20.4 34.3 273 0 877 25 16
Domestic Use 2.4 4.0 317 9 760 26 16
Ending Stocks 17.7 29.7 256 17 721 24 18
ANIMAL PROD. 3/ Million Pounds
Beef 2.5 4.3 532 77 1613 26 15
Pork 2.8 4.7 362 5 1667 23 18
Broilers 1.6 2.7 373 16 1501 23 18
Turkeys 3.0 5.1 125 3 447 18 23
Million Dozen
Eggs 1.9 3.1 101 3 534 23 18
Billion Pounds
Milk 1.3 2.1 1.6 0.1 5.2 23 18
================================================================================