wasde0624

World Agricultural Supply
ISSN: 1554-9089
and Demand Estimates
Office of the Agricultural Marketing Service Economic Research Service
Chief Economist Farm Service Agency Foreign Agricultural Service
WASDE - 649 Approved by the World Agricultural Outlook Board June 12, 2024
WHEAT: The outlook for 2024/25 U.S. wheat this month is for larger supplies, unchanged
domestic use, increased exports, and lower stocks. Supplies are raised as all wheat
production is forecast at 1,875 million bushels, up 17 million from last month on higher Hard
Red Winter production more than offsetting reductions in Soft Red Winter and White Winter.
The all wheat yield is 49.4 bushels per acre, up 0.5 bushels from last month. The export
forecast is raised 25 million bushels to 800 million, as U.S. wheat prices are expected to be
increasingly competitive with reduced exportable Black Sea supplies. Ending stocks are
lowered slightly to 758 million bushels but still significantly higher than the previous year. The
2024/25 season-average farm price is raised $0.50 per bushel to $6.50 on higher expected
futures and cash prices and tightening global wheat supplies.
The global wheat outlook for 2024/25 is for smaller supplies, consumption, trade, and ending
stocks. Supplies are projected to decrease 5.7 million tons to 1,050.3 million, as significant
reductions in production for Russia, Ukraine, and the EU are only partly offset by larger
global beginning stocks. Production for Russia is lowered 5.0 million tons to 83.0 million, all
for winter wheat, as hot and dry weather lowered yield prospects following May frosts. In
Ukraine, production is lowered 1.5 million tons to 19.5 million based on similar hot and dry
weather conditions. The EU forecast is lowered 1.5 million tons to 130.5 million after
prolonged wet weather in France resulted in fewer growing degree days and lowered the
yield potential.
Global consumption is lowered 4.3 million tons to 798.0 million, mainly on lower feed and
residual use in the EU, Russia, and Ukraine. As global supplies tighten and prices increase,
wheat for feed use is becoming less competitive in some countries. World trade is lowered as
well, down 3.2 million tons to 212.8 million, as lower exports from Russia and Ukraine are
only partly offset by increases for the EU and the United States. Projected 2024/25 global
ending stocks are lowered 1.3 million tons to 252.3 million, primarily on reduced stocks in the
EU.
COARSE GRAINS: The 2024/25 U.S. corn outlook is unchanged relative to last month. The
season average price received by producers remains at $4.40 per bushel. USDA will release
its Acreage report on June 28, which will provide survey-based indications of planted and
harvested area.
Global coarse grain production for 2024/25 is forecast 1.4 million tons lower to 1.511 billion.
This month’s foreign coarse grain outlook is for lower production, slightly higher trade, and
smaller ending stocks relative to last month. Foreign corn production is marginally higher,
with increases for Ukraine and Zambia partially offset by a reduction for Russia. Corn area is
raised for Ukraine but lowered for Russia. Zambia is higher reflecting increases to both area
WASDE-649-2
and yield. Foreign barley production is cut, reflecting reductions for the EU, India, Argentina,
Russia, and Ukraine that are partly offset by an increase for Australia.
Major global trade changes for 2024/25 include larger corn exports for Ukraine and Tanzania
but a reduction for Russia. Corn imports are raised for Malawi, Zambia, and Mozambique.
For 2023/24, corn exports are raised for South Africa, Russia, the EU, and Uruguay. Barley
exports for 2024/25 are lowered for Argentina, Russia, and the EU but raised for Australia.
Barley imports are raised for China. Foreign corn ending stocks are down relative to last
month, mostly reflecting reductions for South Africa, Russia, and Tanzania. Global corn
ending stocks, at 310.8 million tons, are down 1.5 million.
RICE: The outlook for 2024/25 U.S. rice this month is for slightly reduced supplies,
unchanged domestic use and exports, and slightly lower ending stocks. Supplies are reduced
on lower beginning stocks with 2023/24 exports raised (all long-grain) by 1.0 million cwt to
95.0 million cwt. U.S. rice exports continue to be competitive in the Western Hemisphere
despite the recent harvests of South American exporters. With no changes to 2024/25
domestic use and exports, all of the reduction in supplies lowers ending stocks by an
equivalent amount to 44.5 million cwt, still up 12 percent from last year. The 2024/25 season-
average price for all rice is unchanged at $15.60 per cwt with prices by all classes also
unchanged.
The 2024/25 global outlook this month is for larger supplies, slightly higher consumption and
trade, and increased ending stocks. Supplies are raised 1.9 million tons to 704.4 million,
primarily on higher beginning stocks for India as its 2023/24 crop size is raised on the
government’s Third Advanced Estimates. World 2024/25 consumption is fractionally higher at
526.4 million tons on increases for Kenya and the Philippines more than offsetting a
reduction for Pakistan. Global 2024/25 trade is raised 0.1 million tons to 53.9 million on
higher exports for Pakistan. Projected world ending stocks are raised 1.9 million tons to
178.0 million, primarily on increases for India and the Philippines more than offsetting
reductions for Pakistan and Vietnam.
OILSEEDS: The 2024/25 outlook for U.S. soybeans includes higher beginning and ending
stocks. Higher beginning stocks reflect reduced crush for 2023/24, down 10 million bushels
on lower soybean meal domestic use that is partly offset by higher exports. Soybean oil
domestic use is also lowered for 2023/24 and partly offset by higher exports. With increased
supplies for 2024/25 and no use changes, soybean ending stocks are projected at 455
million bushels, up 10 million. The soybean price is forecast at $11.20 per bushel, unchanged
from last month. Soybean meal and oil prices are also unchanged, at $330 per short ton and
42 cents per pound, respectively.
Global oilseed production for 2024/25 is lowered 1.3 million tons to 685.8 million mainly on
lower rapeseed production for Australia and the European Union. Rapeseed production is
lowered for Australia on lower harvested area while production in the EU is lowered on a
reduced yield for France.
The 2024/25 global soybean outlook includes lower beginning and ending stocks. Higher
beginning stocks for the U.S. are offset by lower stocks for Brazil and Paraguay. Brazil’s
stocks are lowered on a downward revision to 2023/24 production, down 1.0 million to 153.0
million, reflecting further in-country assessments of flooding in Rio Grande do Sul by Brazil’s
state agency Emater. Paraguay’s 2024/25 beginning stocks are lowered on higher exports for
WASDE-649-3
the prior marketing year. Global soybean ending stocks are lowered 0.6 million tons to 127.9
million.
SUGAR: U.S. sugar supply for 2023/24 is decreased 34,257 short tons, raw value (STRV) to
14.377 million on lower production partially offset by an increase in imports. Beet sugar
production is decreased 50,040 STRV mainly on lower sugar from desugared molasses
forecast by processers and also on slightly higher beet pile shrink and slightly lower recovery.
Imports from Mexico are reduced 31,434 STRV on a reduction in Mexico production of below
99.2 polarity sugar. More than offsetting is an increase in high tier tariff/Other sugar. High-tier
raw and refined sugar are on pace to meet the combined total of 855,000 STRV estimated in
the WASDE. The “Other” component is the raw sugar equivalent of refiners molasses
imported by SMD cane sugar reporters as an input in the production of refined cane sugar.
The molasses is reported by the U.S. Census under the HTS 1703.10.3000 and is consistent
with Additional U.S. Note 10 that distinguishes it as molasses distinct from sugar.
USDA/WAOB estimates the raw sugar-equivalent quantity of product used in refiners’ melt
operations at a monthly average of 3,929 STRV. Extending this monthly average for the
remaining 5 months of 2023/24 and the 12 months of 2024/25 increases High Tier/Other by
47,146 STRV over last month in both years. This inclusion in the supply balance leads to a
correct calculation of the Direct Consumption Imports, a component of deliveries for human
consumption in Use.
U.S. sugar supply for 2024/25 is decreased by 18,959 STRV as lower beginning stocks and
reduced production more than offset an increase in imports. U.S. cane sugar production in
Florida for 2024/25 is decreased 31,848 STRV to 2.004 million on processers’ forecasts in
the SMD. Use is unchanged from last month. Ending stocks are projected at 1.445 million
STRV for a stocks-to-use ratio of 11.51 percent.
Mexico production for 2023/24 is estimated at 4.718 million metric tons (MT), an increase of
69,067 over last month. While sugarcane yield at 62.50 MT/hectare and recovery at 10.20
percent are very close to estimates from last month, late season production is picking up on
increases in area harvested to a total of around 740,000 hectares. The low polarity sugar
share of total production continues its downward trend and is now estimated at 6.00 percent,
down from 6.5 percent last month. Assuming that all projected low polarity sugar is exported
to the U.S. market and constitutes 71 percent of the total exported, exports to the United
States are projected at 398,704 MT. Imports for consumption are increased 21,000 MT to
496,000 on estimates made by CONADESUCA through the end of April. Given that USDA
expects Mexico to import significantly high levels of high-tier tariff sugar to compensate for
relatively low production of 5.189 million MT in 2024/25, Mexico is estimated to carry stocks
over from 2023/24 to reduce imports by 182,159 MT in 2024/25 to 342,655. Following
CONADESUCA’s lead, ending stocks in 2024/25 are increased by 78,277 MT to 978,457 to
cover Use in 2025/26 for 2.5 months before the start of that year’s sugar campaign, up from
2.3 months last month.
LIVESTOCK, POULTRY, AND DAIRY: The total U.S. red meat and poultry production
forecast for 2024 is raised from last month. Beef production is virtually unchanged for the
year with largely offsetting changes in the quarters as lower expected slaughter is largely
offset by higher dressed weights. Pork production is raised for the second quarter on a more
rapid pace of slaughter and slightly higher dressed weights. No changes were made to the
outlying quarters; the Quarterly Hogs and Pigs report, to be released on June 27, will provide
indications of supplies of hogs for slaughter in the outlying quarters as well as into early
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2025. Broiler production is raised on higher bird weights and recent hatchery data. Turkey
production is raised on recent hatchery data. The egg production forecast is lowered based
on recent discoveries of Highly Pathogenic Avian Influenza (HPAI) in commercial laying
flocks. For 2025, the red meat and poultry production forecast is raised on higher expected
beef production. The beef production forecast is raised on higher expected placements in the
fourth quarter of 2024 and faster expected pace of marketings during the first half. In
addition, dressed weights are expected to remain relatively high into 2025.
No changes are made to beef trade for 2024 or 2025. Pork exports are raised for 2024 on
recent demand strength. Broiler export forecasts are lowered for 2024 and 2025 based on
recent trade data and expectations of relatively uncompetitive prices vis-à-vis other
exporters. Turkey exports are raised slightly for 2024 based on recent trade data.
The 2024 cattle price forecast is raised from last month on recent prices. Hog prices for the
second and third quarter are lowered from last month on observed prices. Broiler prices are
raised on expected demand strength. Turkey prices are raised on slightly improved demand.
Egg prices are raised based on the most recent prices and lowered production forecasts. For
2025, strength in cattle prices is carried forward into the first quarter of 2025. Higher egg
prices from 2024 are also expected to carry into the first half of 2025. No changes are made
to 2025 price forecasts for hogs, broilers, or turkeys.
Milk production forecasts for both 2024 and 2025 are unchanged from last month with slight
adjustments to cow inventories offset by slower growth in milk per cow.
For 2024 commercial exports are raised on a fat basis, largely due to higher expected
shipments of cheese. Skim-solids basis exports are unchanged. For 2025, exports are raised
on a fat basis and a skim-solids basis based on expectations of continued strong
international demand. Imports for 2024 are raised for both a fat and skim-solids basis,
supported by higher expected butter and milk protein containing products, respectively.
Import forecasts for 2025 are raised as well.
For 2024, butter, cheese, whey, and nonfat dry milk (NDM) price forecasts are raised from
the previous month on recent price strength. With the changes in product prices, Class III
and Class IV prices are raised. The all-milk price forecast is raised to $21.60 per cwt. Strong
demand for dairy products is expected to carry into 2025 and prices are raised for butter,
cheese, and whey. The forecast for NDM is unchanged. As a result of higher product prices,
Class III and Class IV price forecasts are also raised. The 2025 all milk price forecast is
$21.50 per cwt.
COTTON: The 2024/25 U.S. cotton projections show higher beginning and ending stocks
compared to last month. Projected production, domestic use and exports are unchanged.
The 2024/25 season average upland farm price is down 4 cents from the May forecast to 70
cents per pound following a decline in new-crop cotton futures. Ending stocks are 400,000
bales higher at 4.1 million, or 28 percent of use. Revisions to the 2023/24 U.S. cotton
balance sheet include a 500,000-bale reduction in exports to 11.8 million based on the
slowing pace of export shipments, a 50,000-bale increase in domestic use, and a 450,000-
bale gain in ending stocks.
In the global 2024/25 cotton balance sheet, beginning stocks, production and consumption
are increased, with world trade unchanged. As a result, world ending stocks are projected
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480,000 bales higher than in May at 83.5 million. The forecast for production is raised 90,000
bales based solely on higher area and yield in Burma. Consumption is 80,000 bales higher
with increases in Vietnam and Burma offsetting reductions elsewhere. Revisions to the
2023/24 world balance sheet include higher beginning stocks and production, with reduced
trade and consumption, raising ending stocks approximately 500,000 bales.
Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook
Board, Mark Jekanowski, (202) 720-6030. This report was prepared by the Interagency
Commodity Estimates Committees.
APPROVED BY:
JASON HAFEMEISTER
SECRETARY OF AGRICULTURE DESIGNATE
WASDE-649-6
INTERAGENCY COMMODITY ESTIMATES COMMITTEES
Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and
Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity
Estimates Committees (ICECs) that prepare the monthly report.
Wheat: Mark Simone, ICEC Chair, WAOB, [email protected]

Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC.
Rice: Mark Simone, ICEC Chair, WAOB, [email protected]

Nathan Childs, ERS; Rachel Trego, FAS; Omri Bein, FPAC.
Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected]

Aaron Ates, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC.
Oilseeds: Joanna Hitchner, ICEC Chair, WAOB, [email protected]

Maria Bukowski, ERS; Agata Kingsbury, FAS; Gustavo Ferreira, FPAC.
Cotton: Kent Lanclos, ICEC Chair, WAOB, [email protected]

Leslie Meyer, ERS; Graham Soley, FAS; Omri Bein, FPAC.
Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected]

Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC.
Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected]

Mildred Haley, ERS; Mason Grahame, FAS; Jacob Vuillemin, FPAC.
Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected]

Grace Grossen, ERS; Claire Mezoughem, FAS.
Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected]

Jessica Richard, AMS; Adriana Valcu-Lisman, ERS; Jeffery Dwyer, FAS.
In 2024 the WASDE report will be released on Jul 12, Aug 12, Sep 12,
Oct 11, Nov 8, and Dec 10.
WASDE-649-7
T A B L E OF C O N T E N T S
Page
Highlights............................................................................................................. 1
Interagency Commodity Estimates Committees .................................................... 6
World & U.S. Supply & Use for Grains .................................................................. 8
World & U.S. Supply & Use for Cotton .................................................................. 9
World & U.S. Supply & Use for Oilseeds ............................................................ 10
U.S. Wheat Supply & Use .................................................................................. 11
U.S. Wheat Supply & Use by Class .................................................................... 11
U.S. Feed Grain & Corn Supply & Use ............................................................... 12
U.S. Sorghum, Barley & Oats Supply & Use ....................................................... 13
U.S. Rice Supply & Use ..................................................................................... 14
U.S. Soybeans & Products Supply & Use ........................................................... 15
U.S. Sugar Supply & Use ................................................................................... 16
Mexico Sugar Supply and Use ........................................................................... 16
U.S. Cotton Supply & Use .................................................................................. 17
World Wheat Supply & Use ................................................................................ 18
World Coarse Grains Supply & Use.................................................................... 20
World Corn Supply & Use .................................................................................. 22
World Rice Supply & Use ................................................................................... 24
World Cotton Supply & Use ................................................................................ 26
World Soybean Supply & Use ............................................................................ 28
World Soybean Meal Supply & Use .................................................................... 29
World Soybean Oil Supply & Use ....................................................................... 30
U.S. Quarterly Animal Product Production .......................................................... 31
U.S. Quarterly Prices for Animal Products .......................................................... 31
U.S. Meats Supply and Use ............................................................................... 32
U.S. Egg Supply & Use ...................................................................................... 33
U.S. Milk Supply and Use .................................................................................. 33
U.S. Dairy Prices ............................................................................................... 34
Reliability Tables................................................................................................ 35
Related USDA Reports ...................................................................................... 38
Metric Conversion Factors ................................................................................. 38
Electronic Access and Subscriptions ...................................................................... 40
June 2024
WASDE - 649 - 8
World and U.S. Supply and Use for Grains 1/

Million Metric Tons
Total Total Ending
World Output Trade 2/
Supply Use 3/ Stocks
Total Grains 4/ 2022/23 2754.91 3553.34 495.61 2770.77 782.57
2023/24 (Est.) 2810.04 3592.61 514.71 2817.13 775.48
filler filler filler filler filler
2024/25 (Proj.) May 2838.41 3610.70 502.69 2841.53 769.17

2024/25 (Proj.) Jun 2829.56 3605.04 499.98 2837.15 767.89
Wheat 2022/23 789.20 1062.46 220.66 791.42 271.04

2023/24 (Est.) 787.59 1058.63 218.95 799.08 259.56
2024/25 (Proj.) May 798.19 1055.98 216.00 802.37 253.61

2024/25 (Proj.) Jun 790.75 1050.31 212.81 798.04 252.27
Coarse Grains 5/ 2022/23 1449.90 1791.39 220.33 1459.28 332.11

2023/24 (Est.) 1502.44 1834.55 241.95 1495.42 339.13
2024/25 (Proj.) May 1512.62 1852.20 232.92 1512.76 339.45

2024/25 (Proj.) Jun 1511.19 1850.31 233.28 1512.67 337.64
Rice, milled 2022/23 515.82 699.49 54.63 520.06 179.43

2023/24 (Est.) 520.00 699.43 53.80 522.63 176.79
2024/25 (Proj.) May 527.61 702.52 53.76 526.40 176.12

2024/25 (Proj.) Jun 527.63 704.42 53.89 526.44 177.98
Total Total Ending

United States
Output Supply Trade 2/ Use 3/ Stocks
Total Grains 4/ 2022/23 406.43 471.36 67.73 350.03 53.60
2023/24 (Est.) 459.13 520.48 83.58 362.85 74.05
2024/25 (Proj.) May 449.32 530.61 86.85 365.07 78.69

2024/25 (Proj.) Jun 449.79 531.03 87.53 365.07 78.43
Wheat 2022/23 44.90 66.57 20.65 30.42 15.50

2023/24 (Est.) 49.31 68.63 19.60 30.32 18.71
2024/25 (Proj.) May 50.56 72.54 21.09 30.59 20.85

2024/25 (Proj.) Jun 51.02 73.00 21.77 30.59 20.64
Coarse Grains 5/ 2022/23 356.45 397.18 45.04 315.00 37.14

2023/24 (Est.) 402.89 442.59 60.97 327.54 54.07
2024/25 (Proj.) May 391.77 448.37 62.59 329.40 56.39

2024/25 (Proj.) Jun 391.77 448.36 62.59 329.40 56.38
Rice, milled 2022/23 5.08 7.61 2.04 4.61 0.96

2023/24 (Est.) 6.93 9.27 3.02 4.99 1.27
2024/25 (Proj.) May 6.99 9.70 3.18 5.08 1.45

2024/25 (Proj.) Jun 6.99 9.67 3.18 5.08 1.41
1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of
export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/
Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet
and mixed grains).
June 2024
WASDE - 649 - 9
World and U.S. Supply and Use for Grains, Continued 1/

Million Metric Tons
Total Total Ending
Foreign 3/
Output Supply Trade 2/ Use Stocks
Total Grains 4/ 2022/23 2,348.48 3,081.99 427.88 2,420.74 728.98
2023/24 (Est.) 2,350.90 3,072.13 431.13 2,454.28 701.43
2024/25 (Proj.) May 2,389.09 3,080.10 415.83 2,476.46 690.49

2024/25 (Proj.) Jun 2,379.78 3,074.01 412.45 2,472.08 689.46
Wheat 2022/23 744.30 995.89 200.01 761.00 255.54

2023/24 (Est.) 738.28 990.01 199.36 768.76 240.84
2024/25 (Proj.) May 747.63 983.45 194.91 771.78 232.76

2024/25 (Proj.) Jun 739.73 977.31 191.04 767.45 231.63
Coarse Grains 5/ 2022/23 1,093.45 1,394.21 175.29 1,144.28 294.97

2023/24 (Est.) 1,099.56 1,391.96 180.98 1,167.88 285.06
2024/25 (Proj.) May 1,120.85 1,403.84 170.34 1,183.36 283.06

2024/25 (Proj.) Jun 1,119.41 1,401.96 170.70 1,183.28 281.26
Rice, milled 2022/23 510.73 691.88 52.58 515.46 178.47

2023/24 (Est.) 513.07 690.16 50.79 517.65 175.53
2024/25 (Proj.) May 520.61 692.82 50.59 521.32 174.67

2024/25 (Proj.) Jun 520.63 694.75 50.71 521.36 176.57
1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of
export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice.
5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains.
World and U.S. Supply and Use for Cotton 1/

Million 480-lb. Bales
Total Total Ending
Output Supply Trade 2/ Use 3/ Stocks
World 2022/23 116.41 191.09 37.11 111.70 80.67
2023/24 (Est.) 113.78 194.45 44.28 113.07 80.97
2024/25 (Proj.) May 119.05 199.52 44.98 116.86 83.01

2024/25 (Proj.) Jun 119.14 200.11 44.95 116.94 83.49
United States 2022/23 14.47 18.52 12.77 2.05 4.25

2023/24 (Est.) 12.07 16.32 11.80 1.85 2.85
2024/25 (Proj.) May 16.00 18.41 13.00 1.90 3.70

2024/25 (Proj.) Jun 16.00 18.86 13.00 1.90 4.10
Foreign 4/ 2022/23 101.95 172.57 24.34 109.65 76.42

2023/24 (Est.) 101.72 178.13 32.48 111.22 78.12
2024/25 (Proj.) May 103.05 181.12 31.98 114.96 79.31

2024/25 (Proj.) Jun 103.14 181.25 31.95 115.04 79.39
1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to
world minus United States. See global cotton tables for treatment of export/import imbalances.
June 2024
WASDE - 649 - 10
World and U.S. Supply and Use for Oilseeds 1/

(Million Metric Tons)
Total Total Ending
World
Output Supply Trade Use 2/ Stocks
Oilseeds 2022/23 637.89 749.43 201.69 525.69 118.92
2023/24 (Est.) 656.83 775.74 198.56 543.13 127.82
2024/25 (Proj.) May 687.06 815.45 206.84 560.84 144.84

2024/25 (Proj.) Jun 685.81 813.63 206.10 559.96 143.88
Oilmeals 2022/23 357.63 377.53 97.81 355.47 17.09

2023/24 (Est.) 370.56 387.66 103.74 364.97 18.50
2024/25 (Proj.) May 384.14 402.55 106.98 377.39 20.67

2024/25 (Proj.) Jun 383.62 402.11 107.16 377.12 20.42
Vegetable Oils 2022/23 218.34 248.25 88.93 211.27 31.90

2023/24 (Est.) 223.63 255.53 88.33 218.82 31.74
2024/25 (Proj.) May 228.28 260.08 88.27 224.91 29.91

2024/25 (Proj.) Jun 227.89 259.63 88.15 224.84 29.79
United States Output

Total
Supply Trade
Total
/Use 2
Ending
Stocks
Oilseeds 2022/23 125.75 136.42 55.12 64.16 8.85

2023/24 (Est.) 122.24 132.33 47.52 66.43 11.08
2024/25 (Proj.) May 131.16 143.05 50.83 70.32 13.76

2024/25 (Proj.) Jun 131.16 143.32 50.83 70.32 14.04
Oilmeals 2022/23 49.94 54.60 13.50 40.69 0.41

2023/24 (Est.) 51.35 56.00 14.72 40.84 0.44
2024/25 (Proj.) May 54.24 58.97 15.90 42.58 0.50

2024/25 (Proj.) Jun 54.24 58.97 16.08 42.40 0.50
Vegetable Oils 2022/23 13.18 20.75 0.33 19.28 1.14

2023/24 (Est.) 13.53 21.47 0.36 19.96 1.14
2024/25 (Proj.) May 14.29 22.54 0.37 20.93 1.24

2024/25 (Proj.) Jun 14.29 22.53 0.42 20.88 1.23
Foreign 3/ Output
Total
Supply Trade
Total
Use 2/
Ending
Stocks
Oilseeds 2022/23 512.14 613.01 146.57 461.53 110.07

2023/24 (Est.) 534.58 643.42 151.04 476.70 116.75
2024/25 (Proj.) May 555.90 672.40 156.01 490.52 131.08

2024/25 (Proj.) Jun 554.65 670.31 155.26 489.64 129.84
Oilmeals 2022/23 307.69 322.94 84.31 314.79 16.68

2023/24 (Est.) 319.21 331.66 89.03 324.12 18.05
2024/25 (Proj.) May 329.90 343.58 91.08 334.81 20.17

2024/25 (Proj.) Jun 329.37 343.14 91.08 334.72 19.92
Vegetable Oils 2022/23 205.16 227.50 88.60 191.99 30.76

2023/24 (Est.) 210.10 234.06 87.96 198.85 30.60
2024/25 (Proj.) May 213.99 237.54 87.89 203.98 28.67

2024/25 (Proj.) Jun 213.60 237.10 87.73 203.96 28.56
1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total
Foreign is equal to World minus United States.
June 2024
WASDE - 649 - 11
U.S. Wheat Supply and Use 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

May Jun
Million Acres
Area Planted 45.8 49.6 47.5 * 47.5 *
Area Harvested 35.5 37.3 38.0 * 38.0 *
Bushels
Yield per Harvested Acre 46.5 48.6 48.9 * 49.4 *
Million Bushels
Beginning Stocks 674 570 688 688
Production 1,650 1,812 1,858 1,875
Imports 122 140 120 120
Supply, Total 2,446 2,522 2,665 2,682
Food 973 960 962 962
Seed 68 64 62 62
Feed and Residual 77 90 100 100
Domestic, Total 1,118 1,114 1,124 1,124
Exports 759 720 775 800
Use, Total 1,876 1,834 1,899 1,924
Ending Stocks 570 688 766 758
Avg. Farm Price ($/bu) 2/ 8.83 7.00 6.00 6.50
U.S. Wheat by Class: Supply and Use

Hard Red Hard Red Soft Red
Year beginning June 1
Winter Spring Winter White Durum Total
Million Bushels
2023/24 (Est.) Beginning Stocks 223 155 90 74 28 570
Production 601 468 449 235 59 1,812
Imports 18 65 7 6 44 140
Supply, Total 3/ 842 688 546 315 131 2,522
Food 382 253 158 84 83 960
Seed 27 16 12 6 3 64
Feed and Residual 25 -10 90 -10 -5 90
Domestic Use 434 259 260 80 81 1,114
Exports 138 240 160 155 27 720
Use, Total 572 499 420 235 108 1,834
Ending Stocks, Total Jun 270 189 126 80 23 688
Ending Stocks, Total May 270 189 126 80 23 688
Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price
received by farmers. 3/ Includes imports. * Planted acres reported in the March 28, 2024, "Prospective Plantings." Harvested
acres and yield for other spring wheat and Durum are projected using 10-year harvested-to-planted ratios by state and 1985-
2023 yield trends by state (except for Arizona and California Durum). Winter wheat harvested acres and yield reported in
the May 10, 2024,"Crop Production." ** Wheat-by-class projections for 2023/24 will first be published in the July 12, 2024,
WASDE.
June 2024
WASDE - 649 - 12
U.S. Feed Grain and Corn Supply and Use 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

FEED GRAINS
May Jun
Million Acres
Area Planted 100.0 107.5 101.3 * 101.3 *
Area Harvested 86.6 96.0 90.5 * 90.5 *
Metric Tons
Yield per Harvested Acre 4.11 4.19 4.33 4.33
Million Metric Tons
Beginning Stocks 37.5 37.1 54.1 54.0
Production 356.1 402.6 391.5 391.5
Imports 2.9 2.2 2.2 2.2
Supply, Total 396.5 442.0 447.8 447.8
Feed and Residual 142.3 148.3 149.8 149.8
Food, Seed & Industrial 172.1 178.7 179.1 179.1
Domestic, Total 314.4 327.0 328.9 328.9
Exports 45.0 61.0 62.6 62.6
Use, Total 359.4 387.9 391.4 391.4
Ending Stocks 37.1 54.0 56.4 56.4
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
CORN May June
Million Acres
Area Planted 88.2 94.6 90.0 * 90.0 *
Area Harvested 78.7 86.5 82.1 * 82.1 *
Bushels
Million Bushels
Beginning Stocks 1,377 1,360 2,022 2,022
Production 13,651 15,342 14,860 14,860
Imports 39 25 25 25
Supply, Total 15,066 16,727 16,907 16,907
Feed and Residual 5,486 5,700 5,750 5,750
Food, Seed & Industrial 2/ 6,558 6,855 6,855 6,855
Ethanol & by-products 3/ 5,176 5,450 5,450 5,450
Domestic, Total 12,045 12,555 12,605 12,605
Exports 1,661 2,150 2,200 2,200
Use, Total 13,706 14,705 14,805 14,805
Ending Stocks 1,360 2,022 2,102 2,102
Avg. Farm Price ($/bu) 4/ 6.54 4.65 4.40 4.40
Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for
barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the
Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to
produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-
year weighted average price received by farmers. * Planted acres reported in the March 28, 2024, "Prospective Plantings."
For corn, harvested acres projected based on historical abandonment and use for silage. The yield projection is based on a
weather-adjusted trend, estimated using the 1988-2023 time period, assuming normal planting progress and summer
growing season weather.
June 2024
WASDE - 649 - 13
U.S. Sorghum, Barley, and Oats Supply and Use 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

SORGHUM
May Jun
Million Bushels
Filler Filler Filler Filler Filler
Area Planted (mil. acres) 6.3 7.2 6.4 * 6.4 *

Area Harvested (mil. acres) 4.6 6.1 5.6 * 5.6 *
Yield (bushels/acre) 41.1 52.0 69.3 * 69.3 *
Production 188 318 388 388
Imports 0 0 0 0
Supply, Total 235 342 410 410
Food, Seed & Industrial 59 25 45 45
Total Domestic 102 75 115 115
Exports 109 245 260 260
Use, Total 211 320 375 375
Avg. Farm Price ($/bu) 2/ 6.38 4.90 4.40 4.40
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
BARLEY May June

Production 174 185 161 161
Imports 24 14 14 14
Supply, Total 235 265 251 250
Exports 2 5 3 3
Use, Total 169 190 173 173
Avg. Farm Price ($/bu) 2/ 7.40 7.35 6.30 6.30
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
OATS May June

Production 58 57 47 47
Imports 84 75 75 75
Supply, Total 174 167 156 156
Exports 2 2 2 2
Use, Total 140 133 129 129
Avg. Farm Price ($/bu) 2/ 4.57 3.90 3.60 3.60
Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and
oats. 2/ Marketing-year weighted average price received by farmers. * Planted acres reported in the March 28, 2024,
"Prospective Plantings." Harvested area for sorghum, barley and oats based on historical average harvested-to-planted
ratios. For sorghum the projected yield is the median yield for 2004-2023. For barley and oats, projected yields are based on
the 1994-2023 linear trends. Yields shown reflect production rounding.
June 2024
WASDE - 649 - 14
U.S. Rice Supply and Use 1/

(Rough Equivalent of Rough and Milled Rice)
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.
TOTAL RICE
May Jun
Million Acres
Area Planted 2.22 2.89 2.93 * 2.93 *
Area Harvested
Filler
2.17 2.85 2.88 * 2.88 *
Pounds
Yield per Harvested Acre 7,385 7,649 7,635 * 7,635 *
Million Hundredweight
Beginning Stocks 2/ 39.7 30.3 40.8 39.8
Production 160.0 218.3 220.2 220.2
Imports 39.9 43.3 44.5 44.5
Supply, Total 239.7 291.8 305.5 304.5
Domestic & Residual 3/ 145.1 157.0 160.0 160.0
Exports, Total 4/ 64.3 95.0 100.0 100.0
Rough 18.1 43.0 44.0 44.0
Milled (rough equiv.) 46.2 52.0 56.0 56.0
Use, Total 209.4 252.0 260.0 260.0
Ending Stocks 30.3 39.8 45.5 44.5
Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00
Avg. Farm Price ($/cwt) 6/
Total
19.80 18.00 15.60 15.60
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
LONG-GRAIN RICE May June
Harvested Acres (mil.) 1.78 2.05

Yield (pounds/acre) 7,225 7,524
Imports 31.9 36.0 37.0 37.0
Production 128.5 153.9 169.3 169.3
Supply, Total 7/ 185.0 211.0 224.3 223.3
Exports 8/ 49.8 74.0 75.0 75.0
Use, Total 163.8 194.0 198.0 198.0
Ending Stocks 21.2 17.0 26.3 25.3
Avg. Farm Price ($/cwt) 6/
Filler
16.70 Filler
16.10 Filler
14.50 Filler
14.50 Filler
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
MEDIUM & SHORT-GRAIN RICE May June
Harvested Acres (mil.) 0.39 0.81

Yield (pounds/acre) 8,118 7,963
Imports 8.0 7.3 7.5 7.5
Production 31.6 64.4 50.9 50.9
Supply, Total 7/ 52.4 78.5 78.9 78.9
Exports 8/ 14.5 21.0 25.0 25.0
Use, Total 45.6 58.0 62.0 62.0
Ending Stocks 6.8 20.5 16.9 16.9
Avg. Farm Price ($/cwt) 1/ 6/ 9/ 33.80 25.00 19.80 19.80
California 10/ 40.90 29.00 22.00 22.00
Other States 1/
Filler
18.20 Filler
17.90 Filler
15.00 Filler
15.00 Filler
Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not
included in estimates of ending stocks by type (in mil. cwt): 2020/21-2.5; 2021/22-2.0; 22/23- 2.3. 3/ Residual includes unreported use, processing losses, and
estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and
milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice
produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice
are estimated. 9/ The California medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The
pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final
price may differ. 10/ Marketing year beginning October 1. * Planted acres reported in March 28, 2024, "Prospective Plantings." Harvested acres are estimated using
long run harvested-to-planted ratios by rice class. Projected yield is based on by class trend analysis.
June 2024
WASDE - 649 - 15
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

SOYBEANS
May Jun
Million Acres
Area Planted 87.5 83.6 86.5 * 86.5 *
Area Harvested 86.2 82.4 85.6 * 85.6 *
Filler
Bushels
Million Bushels
Production 4,270 4,165 4,450 4,450
Imports 25 25 15 15
Supply, Total 4,569 4,454 4,805 4,815
Crushings 2,212 2,290 2,425 2,425
Exports 1,992 1,700 1,825 1,825
Seed 75 77 78 78
Residual 27 37 32 32
Use, Total 4,305 4,104 4,360 4,360
Avg. Farm Price ($/bu) 2/ 14.20 12.55 11.20 11.20
Total
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
SOYBEAN OIL May June
Million Pounds
Production 4/ 26,227 26,955 28,515 28,515
Imports 376 550 450 450
Supply, Total 28,594 29,112 30,642 30,627
Domestic Disappearance 26,609 27,000 28,300 28,200
Biofuel 3/ 12,491 13,000 14,000 14,000
Food, Feed & other Industrial 14,118 14,000 14,300 14,200
Exports 378 450 500 600
Use, Total 26,987 27,450 28,800 28,800
Ending stocks 1,607 1,662 1,842 1,827
Avg. Price (c/lb) 2/ 65.26 48.00 42.00 42.00
Total
2022/23 2023/24 E st. 2024/25 Proj. 2024/25 Proj.
SOYBEAN MEAL May June
Filler 1 2 3 4
Thousand Short Tons

Production 4/ 52,493 54,004 57,075 57,075
Imports 632 650 600 600
Supply, Total 53,436 55,025 58,075 58,075
Domestic Disappearance 38,402 38,625 40,325 40,125
Exports 14,664 16,000 17,300 17,500
Use, Total 53,065 54,625 57,625 57,625
Avg. Price ($/s.t.) 2/ 451.91 380.00 330.00 330.00
Total
Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for
soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers;
oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for
biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,290 million bushels for
2023/24 and 2,425 million bushels for 2024/25. *Planted acres are reported in the March 28, 2024 Prospective Plantings report.
Harvested acres are based on historical planted-to-harvested ratios. The projected yield is based on a weather-adjusted trend model and
assumes normal weather.
June 2024
WASDE - 649 - 16
U.S. Sugar Supply and Use 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

May Jun
1,000 Short Tons,Raw Value

Production 2/ 9,250 9,080 9,232 9,200
Beet Sugar 5,187 5,045 5,111 5,111
Cane Sugar 4,063 4,035 4,121 4,089
Florida 1,985 2,060 2,036 2,004
Louisiana 2,001 1,936 2,085 2,085
Texas 76 40 0 0
Imports 3,614 3,454 3,028 3,076
TRQ 3/ 1,862 1,798 1,415 1,415
Other Program 4/ 141 288 200 200
Non-program 1,611 1,368 1,413 1,460
Mexico 1,156 466 1,197 1,197
High-tier tariff/other 455 902 216 263
Total Supply 14,685 14,377 14,019 14,000
Exports 82 198 100 100
Deliveries 12,589 12,455 12,455 12,455
Food 12,473 12,350 12,350 12,350
Other 5/ 116 105 105 105
Miscellaneous 171 0 0 0
Total Use 12,843 12,653 12,555 12,555
Ending Stocks 1,843 1,724 1,464 1,445
Stocks to Use Ratio 14.3 13.6 11.7 11.5
Total
1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data"
(SMD). 2/ Production projections for 2023/24 and 2024/25 are based on Crop Production and/or processor
projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2023/24, WTO raw sugar TRQ shortfall
(44) and for 2024/25 (94). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Transfers
accompanying deliveries for sugar-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY),
and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDE-
reported deliveries: 2022/23 -- 304; estimated 2023/24 -- 291; projected 2024/25 -- NA.
Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/
Beginning Ending
Stocks Production Imports Domestic 2/ Exports Stocks
Sugar 1,000 Metric Tons, Actual Weight

2023/24 Est. May 835 4,649 575 4,618 569 872
2023/24 Est. Jun 835 4,718 596 4,618 399 1,132
2024/25 Proj. May 872 5,189 525 4,661 1,024 900

2024/25 Proj. Jun 1,132 5,189 343 4,661 1,024 978
1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2022/23 = 1,392; Estimated 2023/24 = 1,407; Projected
2024/25 = 1,407. Estimated Oct.2023-Apr. 2024 = 863; Estimated Oct.-Apr. 2023 = 787. Footnote source for estimate:
Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's
products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: estimated
2023/24 (425 est = 325 dom.+100 import). Projected 2024/25 (425 proj = 400 dom.+25 import). Statistical Adjustments:
2023/24 (0); 2024/25 (0).
June 2024
WASDE - 649 - 17
U.S. Cotton Supply and Use 1/
2022/23 2023/24 Est. 2024/25 Proj. 2024/25 Proj.

May Jun
Area Million Acres

Planted 13.75 10.23 10.67 * 10.67 *
Harvested 7.29 6.44 9.13 * 9.13 *
Filler
Pounds
Yield per Harvested Acre 953 899 842 * 842 *
Million 480 Pound Bales
Production 14.47 12.07 16.00 16.00
Imports 0.00 0.01 0.01 0.01
Supply, Total 18.52 16.32 18.41 18.86
Domestic Use 2.05 1.85 1.90 1.90
Exports, Total 12.77 11.80 13.00 13.00
Use, Total 14.82 13.65 14.90 14.90
Unaccounted 2/ -0.55 -0.18 -0.20 -0.15
Ending Stocks 4.25 2.85 3.70 4.10
Avg. Farm Price 3/ 84.8 76.0 74.0 70.0
Total
Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals
may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending
stocks. 3/ Cents per pound for upland cotton. *Planted area as reported in March 28, 2024 Prospective Plantings. Harvested
area based on 10-year average abandonment by region, with the Southwest adjusted to reflect moisture conditions. Yield
based on 5-year average yields by region.
June 2024
WASDE - 649 - 18
World Wheat Supply and Use 1/

Beginning Domestic Domestic Ending
2022/23 Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 273.26 789.20 212.06 154.91 791.42 220.66 271.04
World Less China 136.51 651.48 198.78 121.91 643.42 219.71 132.22
United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50
Total Foreign 254.91 744.30 208.75 152.82 761.00 200.01 255.54
Major Exporters 4/ 41.03 335.22 13.30 76.06 183.10 161.28 45.18
Argentina 1.93 12.55 0.00 0.25 6.85 3.66 3.97
Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37
Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51
European Union 5/ 13.63 134.29 12.19 45.00 109.00 35.08 16.04
Russia 12.09 92.00 0.30 19.00 42.00 48.00 14.39
Ukraine 6.27 21.50 0.06 3.00 7.80 17.12 2.90
Major Importers 6/ 173.02 206.11 134.01 50.69 320.01 15.13 177.99
Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83
Brazil 1.10 10.55 4.68 0.45 11.85 2.69 1.80
China 136.76 137.72 13.28 33.00 148.00 0.95 138.82
Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14
N. Africa 7/ 12.72 17.24 29.68 1.67 46.62 0.77 12.25
Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36
Sel. Mideast 8/ 10.22 17.43 24.71 3.58 39.44 0.65 12.26
Southeast Asia 9/ 4.68 0.00 24.54 7.55 24.35 1.28 3.59
Selected Other
India 19.50 104.00 0.05 6.50 108.68 5.38 9.50
Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27
United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50
2023/24 Est. Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 271.04 787.59 217.20 158.50 799.08 218.95 259.56
World Less China 132.22 651.00 204.20 121.50 645.08 217.95 126.15
United States 15.50 49.31 3.81 2.45 30.32 19.60 18.71
Total Foreign 255.54 738.28 213.39 156.06 768.76 199.36 240.84
Major Exporters 4/ 45.18 322.45 14.21 74.25 182.05 162.60 37.19
Argentina 3.97 15.85 0.03 0.25 7.05 8.50 4.29
Australia 4.37 26.00 0.20 3.50 7.00 20.00 3.57
Canada 3.51 31.95 0.60 4.00 9.20 25.00 1.87
European Union 5/ 16.04 134.15 13.00 46.50 111.00 37.00 15.19
Russia 14.39 91.50 0.30 18.00 41.00 54.00 11.19
Ukraine 2.90 23.00 0.08 2.00 6.80 18.10 1.08
Major Importers 6/ 177.99 207.34 134.07 55.47 328.97 18.98 171.46
Bangladesh 0.83 1.10 6.50 0.25 7.35 0.00 1.08
Brazil 1.80 8.10 5.90 0.60 12.00 2.80 1.00
China 138.82 136.59 13.00 37.00 154.00 1.00 133.41
Japan 1.14 1.14 5.30 0.65 6.15 0.30 1.13
N. Africa 7/ 12.25 16.37 30.90 1.75 46.85 1.80 10.87
Nigeria 0.36 0.12 4.80 0.00 4.60 0.35 0.33
Sel. Mideast 8/ 12.26 20.77 19.77 3.02 39.52 0.76 12.52
Southeast Asia 9/ 3.59 0.00 28.40 8.70 26.25 1.12 4.62
Selected Other
India 9.50 110.55 0.12 6.75 112.34 0.33 7.50
Kazakhstan 3.27 12.11 2.50 1.30 6.25 9.00 2.63
United Kingdom 2.50 13.98 2.60 7.10 15.25 0.60 3.23
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/
World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some
countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade excludes intra-trade. 6/ Bangladesh, Brazil,
China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines,
Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria,
Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and
Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
June 2024
WASDE - 649 - 19
World Wheat Supply and Use 1/ (Cont'd.)

2024/25 Proj. Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ May 257.80 798.19 209.42 151.76 802.37 216.00 253.61
Jun 259.56 790.75 207.08 147.71 798.04 212.81 252.27
World Less China May 125.29 658.19 198.42 118.76 652.37 215.10 121.01
Jun 126.15 650.75 196.08 114.71 647.04 211.91 119.76
United States May 18.71 50.56 3.27 2.72 30.59 21.09 20.85
Jun 18.71 51.02 3.27 2.72 30.59 21.77 20.64
Total Foreign May 239.08 747.63 206.16 149.04 771.78 194.91 232.76
Jun 240.84 739.73 203.82 144.99 767.45 191.04 231.63
Major Exporters 4/ May 38.62 321.00 12.14 73.75 181.55 158.50 31.71
Jun 37.19 313.50 11.14 70.25 178.05 154.00 29.78
Argentina May 3.88 17.00 0.01 0.25 7.05 11.50 2.34
Jun 4.29 17.50 0.01 0.25 7.05 11.50 3.25
Australia May 3.07 29.00 0.20 3.50 7.00 22.50 2.77
Jun 3.57 29.00 0.20 3.50 7.00 22.00 3.77
Canada May 2.37 34.00 0.55 4.00 9.30 24.50 3.12
Jun 1.87 34.00 0.55 4.00 9.30 24.50 2.62
European Union 5/ May 16.69 132.00 11.00 46.50 111.25 34.00 14.44
Jun 15.19 130.50 10.00 44.50 109.25 35.00 11.44
Russia May 11.44 88.00 0.30 17.00 39.75 52.00 7.99
Jun 11.19 83.00 0.30 16.00 38.75 48.00 7.74
Ukraine May 1.18 21.00 0.08 2.50 7.20 14.00 1.06
Jun 1.08 19.50 0.08 2.00 6.70 13.00 0.96
Major Importers 6/ May 168.92 212.43 131.32 50.53 325.80 17.91 168.97
Jun 171.46 212.48 130.02 50.03 325.90 18.21 169.85
Bangladesh May 1.08 1.10 6.40 0.25 7.45 0.00 1.13
Jun 1.08 1.10 6.50 0.25 7.65 0.00 1.03
Brazil May 0.90 9.50 5.50 0.50 11.90 3.00 1.00
Jun 1.00 9.50 5.50 0.50 11.90 3.00 1.10
China May 132.51 140.00 11.00 33.00 150.00 0.90 132.61
Jun 133.41 140.00 11.00 33.00 151.00 0.90 132.51
Japan May 1.13 1.16 5.30 0.65 6.10 0.30 1.19
Jun 1.13 1.16 5.30 0.65 6.10 0.30 1.19
N. Africa 7/ May 10.47 16.00 31.50 1.65 47.00 1.10 9.87
Jun 10.87 16.05 31.40 1.65 46.80 1.40 10.12
Nigeria May 0.33 0.12 4.80 0.00 4.50 0.38 0.37
Jun 0.33 0.12 4.80 0.00 4.50 0.38 0.37
Sel. Mideast 8/ May 12.52 22.09 19.42 3.03 40.11 0.81 13.12
Jun 12.52 22.09 19.42 3.03 40.11 0.81 13.12
Southeast Asia 9/ May 4.52 0.00 26.90 8.05 25.95 1.14 4.33
Jun 4.62 0.00 26.80 7.95 25.85 1.14 4.43
Selected Other
India May 7.50 114.00 0.30 6.00 113.00 0.30 8.50
Jun 7.50 114.00 0.30 6.00 113.00 0.30 8.50
Kazakhstan May 2.13 14.50 2.00 1.50 6.45 10.50 1.68
Jun 2.63 14.50 2.00 1.50 6.45 10.50 2.18
United Kingdom May 3.13 11.20 3.00 6.00 14.00 0.60 2.73
Jun 3.23 10.85 3.00 6.00 14.00 0.60 2.48
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports
and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and
reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, European Union, Russia, and Ukraine. 5/ Trade
excludes intra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya,
Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi
Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran,
Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
June 2024
WASDE - 649 - 20
World Coarse Grain Supply and Use 1/

World 3/ 341.49 1,449.90 213.05 892.28 1,459.28 220.33 332.11
World Less China 131.47 1,164.20 180.43 662.03 1,137.72 220.32 125.34
United States 37.48 356.45 3.25 142.39 315.00 45.04 37.14
Total Foreign 304.02 1,093.45 209.79 749.89 1,144.29 175.29 294.97
Major Exporters 4/ 30.35 331.36 4.57 139.45 191.20 145.86 29.23
Argentina 5.58 42.91 0.02 11.70 17.63 28.75 2.14
Australia 3.61 18.84 0.00 5.77 7.65 10.89 3.92
Brazil 4.47 143.49 1.98 67.35 84.99 54.28 10.67
Canada 3.71 30.54 2.18 17.15 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 9.08 29.92 3.79
Major Importers 5/ 38.48 229.17 135.92 273.25 354.36 13.05 36.17
European Union 6/ 18.81 132.96 25.49 112.08 150.34 11.10 15.80
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/ 6.76 31.12 32.85 54.91 62.69 1.05 6.99
Saudi Arabia 1.41 0.25 7.61 7.51 7.85 0.00 1.41
Southeast Asia 8/ 3.30 30.46 17.80 39.49 47.90 0.80 2.86
South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91
Selected Other
China 210.02 285.70 32.62 230.25 321.57 0.01 206.77
2023/24 Est. Beginning
Stocks Productio n Imports
Domestic
Feed
Domestic
Total 2/ Exports
Ending
Stocks
World 3/ 332.11 1,502.44 228.17 914.12 1,495.42 241.95 339.13

World Less China 125.34 1,205.30 184.97 671.72 1,160.62 241.93 126.85
United States 37.14 402.89 2.56 148.42 327.54 60.97 54.07
Total Foreign 294.97 1,099.56 225.60 765.70 1,167.88 180.98 285.06
Major Exporters 4/ 29.23 326.57 5.71 138.91 190.99 151.57 18.93
Argentina 2.14 61.38 0.02 12.21 18.47 42.60 2.46
Australia 3.92 14.54 0.00 5.86 7.74 8.86 1.86
Brazil 10.67 128.15 1.88 68.64 86.18 50.14 4.38
Canada 3.72 27.16 3.30 17.41 25.35 5.80 3.03
Russia 2.32 42.54 0.10 21.54 30.64 12.60 1.72
Ukraine 3.79 38.28 0.02 6.77 9.40 28.55 4.14
Major Importers 5/ 36.17 229.42 139.26 275.19 358.68 14.23 31.94
European Union 6/ 15.80 135.96 23.15 109.80 149.47 11.10 14.35
Japan 1.45 0.25 17.01 13.32 17.22 0.00 1.49
Mexico 5.20 28.42 21.90 32.78 52.73 0.05 2.74
N. Afr & Mideast 7/ 6.99 33.32 36.29 59.45 67.88 2.52 6.21
Saudi Arabia 1.41 0.24 6.01 5.92 6.26 0.00 1.40
Southeast Asia 8/ 2.86 30.96 18.51 40.05 48.50 0.56 3.26
South Korea 1.91 0.16 11.71 9.34 11.83 0.00 1.96
Selected Other
China 206.77 297.14 43.20 242.40 334.80 0.03 212.28
1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes
millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports
and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/
Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and
Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya,
Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
June 2024
WASDE - 649 - 21
World Coarse Grain Supply and Use 1/ (Cont'd.)

World 3/ May 339.58 1,512.62 225.14 936.85 1,512.76 232.92 339.45
Jun 339.13 1,511.19 227.31 936.77 1,512.67 233.28 337.64
World Less China May 127.90 1,212.32 183.69 689.20 1,172.81 232.90 125.99
Jun 126.85 1,210.89 185.66 688.92 1,172.52 233.26 123.58
Jun 54.07 391.77 2.51 149.86 329.40 62.59 56.38
Total Foreign May 285.50 1,120.85 222.63 786.99 1,183.36 170.34 283.06
Jun 285.06 1,119.41 224.80 786.91 1,183.28 170.70 281.26
Jun 18.93 328.73 4.58 140.49 192.80 143.56 15.90
Argentina May 2.43 59.99 0.01 12.43 18.84 40.70 2.89
Jun 2.46 59.49 0.01 12.43 18.84 40.40 2.71
Australia May 1.86 14.87 0.00 5.49 7.36 7.61 1.76
Jun 1.86 15.37 0.00 5.44 7.31 8.16 1.76
Brazil May 4.38 133.76 2.02 70.05 87.59 49.09 3.49
Jun 4.38 133.76 2.02 70.05 87.59 49.09 3.49
Canada May 3.03 28.68 2.29 17.40 25.45 5.73 2.82
Jun 3.03 28.68 2.29 17.40 25.45 5.73 2.81
Russia May 2.12 41.53 0.10 21.96 31.13 10.65 1.97
Jun 1.72 40.43 0.10 21.86 30.83 10.20 1.22
Ukraine May 4.24 32.97 0.02 6.16 8.58 26.36 2.29
Jun 4.14 33.47 0.02 6.26 8.68 26.76 2.19
Jun 31.94 242.42 140.42 285.57 369.36 13.10 32.32
Jun 14.35 147.49 19.49 114.49 154.38 11.77 15.18
Japan May 1.49 0.26 16.91 13.45 17.20 0.00 1.47
Jun 1.49 0.26 16.91 13.45 17.20 0.00 1.47
Mexico May 2.74 30.36 22.58 33.00 53.00 0.05 2.62
Jun 2.74 30.36 22.58 33.00 53.00 0.05 2.62
N. Afr & Mideast 7/ May 6.01 32.29 38.04 61.54 69.76 0.72 5.87
Jun 6.21 32.29 38.06 61.56 69.78 0.72 6.06
Saudi Arabia May 1.40 0.24 7.61 7.52 7.86 0.00 1.39
Jun 1.40 0.24 7.61 7.52 7.86 0.00 1.39
Jun 3.26 31.51 19.21 41.50 50.35 0.56 3.05
South Korea May 1.96 0.16 11.80 9.43 11.92 0.00 2.00
Jun 1.96 0.16 11.80 9.43 11.92 0.00 2.00
Selected Other
China May 211.68 300.30 41.45 247.65 339.95 0.03 213.46
Jun 212.28 300.30 41.65 247.85 340.15 0.03 214.06
1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes
millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports
and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/
Argentina, Australia, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and
Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya,
Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
June 2024
WASDE - 649 - 22
World Corn Supply and Use 1/

World 3/ 313.73 1,157.95 173.37 732.39 1,170.75 180.34 300.94
World Less China 104.60 880.75 154.66 514.39 871.75 180.33 94.90
United States 34.98 346.74 0.98 139.36 305.95 42.20 34.55
Total Foreign 278.76 811.21 172.39 593.03 864.80 138.15 266.38
Major Exporters 4/ 19.40 232.93 1.45 91.34 120.34 115.97 17.47
Argentina 4.75 36.00 0.02 10.00 14.20 25.24 1.32
Brazil 3.97 137.00 1.33 61.50 78.00 54.26 10.04
Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91
South Africa 1.95 17.10 0.03 6.94 13.24 3.44 2.40
Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80
Major Importers 5/ 23.59 118.42 95.23 157.55 211.85 5.10 20.29
Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51
European Union 6/ 11.51 52.29 23.19 55.80 75.10 4.20 7.69
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 30.41 16.25 38.15 46.30 0.80 2.85
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
Domestic
Feed
Domestic
/Total 2 Exports
Ending
Stocks
World 3/ 300.94 1,228.10 186.58 760.22 1,216.65 199.11 312.39

World Less China 94.90 939.26 163.58 535.22 909.65 199.09 101.53
United States 34.55 389.69 0.64 144.79 318.91 54.61 51.36
Total Foreign 266.38 838.41 185.94 615.44 897.74 144.50 261.03
Major Exporters 4/ 17.47 236.60 1.53 93.30 122.50 123.00 10.10
Argentina 1.32 53.00 0.02 10.40 14.80 38.00 1.54
Brazil 10.04 122.00 1.30 63.00 79.50 50.00 3.84
Russia 0.91 16.60 0.05 9.70 10.80 6.00 0.76
South Africa 2.40 14.00 0.15 6.30 12.50 3.00 1.05
Ukraine 2.80 31.00 0.02 3.90 4.90 26.00 2.91
Major Importers 5/ 20.29 122.62 99.10 163.15 218.70 5.01 18.29
Egypt 1.51 7.20 7.50 12.30 14.80 0.00 1.41
European Union 6/ 7.69 61.00 21.00 57.50 77.70 4.40 7.59
Japan 1.30 0.01 15.50 12.00 15.50 0.00 1.31
Mexico 4.50 23.30 21.10 28.00 46.60 0.05 2.25
Southeast Asia 7/ 2.85 30.91 17.80 39.55 47.75 0.56 3.25
South Korea 1.90 0.09 11.60 9.30 11.65 0.00 1.94
Selected Other
Canada 1.63 15.08 3.20 11.00 16.50 1.80 1.60
China 206.04 288.84 23.00 225.00 307.00 0.02 210.86
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports
and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and
reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European
Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
June 2024
WASDE - 649 - 23
World Corn Supply and Use 1/ (Cont'd.)

World 3/ May 313.08 1,219.93 184.37 774.03 1,220.75 191.10 312.27
Jun 312.39 1,220.54 186.16 774.44 1,222.16 191.75 310.77
Jun 101.53 928.54 163.16 543.44 909.16 191.73 97.93
Jun 51.36 377.46 0.64 146.06 320.18 55.88 53.39
Jun 261.03 843.08 185.53 628.39 901.98 135.86 257.38
Jun 10.10 238.10 1.58 94.60 124.15 117.70 7.92
Argentina May 1.54 51.00 0.01 10.30 14.80 36.00 1.74
Jun 1.54 51.00 0.01 10.30 14.80 36.00 1.74
Brazil May 3.84 127.00 1.50 64.00 80.50 49.00 2.84
Jun 3.84 127.00 1.50 64.00 80.50 49.00 2.84
Russia May 0.96 16.00 0.05 9.80 10.90 5.20 0.91
Jun 0.76 15.40 0.05 9.70 10.80 5.00 0.41
South Africa May 1.87 17.00 0.00 6.90 13.40 3.20 2.27
Jun 1.05 17.00 0.00 6.90 13.40 3.20 1.45
Ukraine May 2.91 27.00 0.02 3.50 4.45 24.00 1.48
Jun 2.91 27.70 0.02 3.70 4.65 24.50 1.48
Jun 18.29 129.07 98.10 166.70 222.80 4.81 17.85
Egypt May 1.41 7.60 8.00 13.10 15.60 0.00 1.41
Jun 1.41 7.60 8.00 13.10 15.60 0.00 1.41
Jun 7.59 64.80 18.00 58.30 78.70 4.20 7.49
Japan May 1.31 0.02 15.50 12.20 15.55 0.00 1.27
Jun 1.31 0.02 15.50 12.20 15.55 0.00 1.27
Mexico May 2.25 25.00 21.80 28.20 46.90 0.05 2.10
Jun 2.25 25.00 21.80 28.20 46.90 0.05 2.10
Jun 3.25 31.46 18.40 40.90 49.50 0.56 3.05
South Korea May 1.94 0.10 11.70 9.40 11.75 0.00 1.99
Jun 1.94 0.10 11.70 9.40 11.75 0.00 1.99
Selected Other
Canada May 1.60 15.00 2.20 10.00 15.50 1.70 1.60
Jun 1.60 15.00 2.20 10.00 15.50 1.70 1.60
China May 210.86 292.00 23.00 231.00 313.00 0.02 212.84
Jun 210.86 292.00 23.00 231.00 313.00 0.02 212.84
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and
exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting
discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan,
Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and
Vietnam.
June 2024
WASDE - 649 - 24
World Rice Supply and Use (Milled Basis) 1/

Beginning Production Imports Total /2 Exports Ending
2022/23 Stocks Domestic Stocks
World 3/ 183.68 515.82 56.64 520.06 54.63 179.43
World Less China 70.68 369.87 52.26 365.07 52.89 72.83
United States 1.26 5.08 1.27 4.61 2.04 0.96
Total Foreign 182.42 510.73 55.38 515.46 52.58 178.47
Major Exporters 4/ 44.44 202.70 2.81 163.11 42.54 44.31
Burma 1.08 11.80 0.01 10.20 1.58 1.11
India 34.00 135.76 0.00 114.51 20.25 35.00
Pakistan 2.38 7.30 0.01 3.90 3.76 2.03
Thailand 4.13 20.91 0.05 12.60 8.74 3.75
Vietnam 2.86 26.94 2.75 21.90 8.23 2.42
Major Importers 5/ 125.49 238.77 23.40 263.69 2.16 121.80
China 113.00 145.95 4.38 154.99 1.74 106.60
European Union 6/ 0.91 1.29 2.31 3.30 0.39 0.81
Indonesia 2.90 33.90 3.50 35.60 0.00 4.70
Nigeria 2.05 5.36 2.28 7.50 0.00 2.18
Philippines 3.10 12.63 3.75 16.00 0.00 3.48
Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27
Selected Other
Brazil 0.90 6.82 1.04 7.00 1.15 0.62
C. Amer & Carib 8/ 0.57 1.53 1.97 3.34 0.05 0.68
Egypt 0.61 3.60 0.39 4.00 0.01 0.60
Japan 1.90 7.48 0.66 8.15 0.08 1.81
Mexico 0.14 0.14 0.78 0.98 0.00 0.09
South Korea 1.33 3.76 0.26 3.95 0.06 1.35

Total /2
Domestic Exports
Ending
Stocks
World 3/ 179.43 520.00 51.44 522.63 53.80 176.79

World Less China 72.83 375.38 49.84 374.41 52.20 73.79
United States 0.96 6.93 1.38 4.99 3.02 1.27
Total Foreign 178.47 513.07 50.07 517.65 50.79 175.53
Major Exporters 4/ 44.31 204.95 2.86 166.15 40.70 45.26
Burma 1.11 11.95 0.00 10.10 2.00 0.96
India 35.00 137.00 0.00 117.50 16.00 38.50
Pakistan 2.03 9.00 0.01 3.95 5.90 1.18
Thailand 3.75 20.00 0.10 12.60 8.50 2.75
Vietnam 2.42 27.00 2.75 22.00 8.30 1.87
Major Importers 5/ 121.80 237.20 19.78 258.57 1.99 118.21
China 106.60 144.62 1.60 148.22 1.60 103.00
European Union 6/ 0.81 1.38 2.10 3.25 0.36 0.68
Indonesia 4.70 33.02 3.50 36.00 0.00 5.22
Nigeria 2.18 5.36 1.80 7.50 0.00 1.83
Philippines 3.48 12.50 4.70 16.80 0.00 3.88
Sel. Mideast 7/ 1.27 2.02 4.70 6.55 0.00 1.44
Selected Other
Brazil 0.62 7.00 1.30 7.15 1.10 0.67
C. Amer & Carib 8/ 0.68 1.51 1.74 3.18 0.03 0.71
Egypt 0.60 3.78 0.35 4.10 0.01 0.63
Japan 1.81 7.27 0.69 8.00 0.08 1.69
Mexico 0.09 0.15 0.83 0.98 0.01 0.08
South Korea 1.35 3.70 0.46 3.93 0.10 1.48
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic
includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ Burma,
India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi
Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries.
June 2024
WASDE - 649 - 25
World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)

Beginning Production Imports Total /2 Exports Ending
2024/25 Proj. Stocks Domestic Stocks
World 3/ May 174.91 527.61 49.97 526.40 53.76 176.12
Jun 176.79 527.63 50.63 526.44 53.89 177.98
World Less China May 71.91 381.61 48.47 381.40 52.26 72.12
Jun 73.79 381.63 49.13 381.44 52.39 73.98
United States May 1.30 6.99 1.41 5.08 3.18 1.45
Jun 1.27 6.99 1.41 5.08 3.18 1.41
Total Foreign May 173.61 520.61 48.56 521.32 50.59 174.67
Jun 175.53 520.63 49.22 521.36 50.71 176.57
Major Exporters 4/ May 44.01 206.70 3.06 169.00 40.00 44.77
Jun 45.26 206.70 3.06 168.90 40.10 46.02
Burma May 0.96 12.10 0.01 10.20 1.80 1.07
Jun 0.96 12.10 0.01 10.20 1.80 1.07
India May 36.50 138.00 0.00 120.00 18.00 36.50
Jun 38.50 138.00 0.00 120.00 18.00 38.50
Pakistan May 1.53 9.50 0.00 4.10 5.20 1.73
Jun 1.18 9.50 0.00 4.00 5.30 1.38
Thailand May 2.85 20.10 0.10 12.60 7.50 2.95
Jun 2.75 20.10 0.10 12.60 7.50 2.85
Vietnam May 2.17 27.00 2.95 22.10 7.50 2.52
Jun 1.87 27.00 2.95 22.10 7.50 2.22
Major Importers 5/ May 117.68 241.47 17.55 257.10 1.95 117.66
Jun 118.21 241.47 18.05 257.40 1.95 118.39
China May 103.00 146.00 1.50 145.00 1.50 104.00
Jun 103.00 146.00 1.50 145.00 1.50 104.00
European Union 6/ May 0.68 1.72 2.20 3.35 0.40 0.85
Jun 0.68 1.72 2.20 3.35 0.40 0.85
Indonesia May 5.22 34.00 1.50 36.50 0.00 4.22
Jun 5.22 34.00 1.50 36.50 0.00 4.22
Nigeria May 1.83 5.48 2.00 7.60 0.00 1.71
Jun 1.83 5.48 2.00 7.60 0.00 1.71
Philippines May 3.58 12.70 4.20 17.10 0.00 3.38
Jun 3.88 12.70 4.70 17.40 0.00 3.88
Sel. Mideast 7/ May 1.34 2.28 4.70 6.85 0.00 1.46
Jun 1.44 2.28 4.70 6.85 0.00 1.56
Selected Other
Brazil May 0.66 7.50 1.00 6.95 1.30 0.91
Jun 0.67 7.50 0.95 6.95 1.30 0.87
C. Amer & Carib 8/ May 0.68 1.55 1.84 3.31 0.03 0.72
Jun 0.71 1.55 1.85 3.34 0.03 0.74
Egypt May 0.63 3.60 0.40 4.15 0.01 0.47
Jun 0.63 3.60 0.40 4.15 0.01 0.47
Japan May 1.69 7.20 0.69 7.95 0.08 1.55
Jun 1.69 7.20 0.69 7.95 0.08 1.55
Mexico May 0.08 0.16 0.84 0.99 0.01 0.08
Jun 0.08 0.16 0.84 0.99 0.01 0.08
South Korea May 1.48 3.60 0.44 3.90 0.13 1.49
Jun 1.48 3.60 0.44 3.90 0.13 1.49
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports.
Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences
in some countries. 4/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote
d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi
Arabia. 8/ Central American and Caribbean countries.
June 2024
WASDE - 649 - 26
World Cotton Supply and Use 1/

(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2022/23 Stocks Use /2 Stocks
World 74.67 116.41 37.65 111.70 37.11 -0.73 80.67
World Less China 36.73 85.71 31.42 74.20 37.01 -0.73 43.39
United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25
Total Foreign 70.62 101.95 37.65 109.65 24.34 -0.19 76.42
Major Exporters 4/ 21.74 55.76 2.38 32.32 20.06 -0.20 27.70
Central Asia 5/ 2.72 5.54 0.01 3.53 1.13 0.00 3.61
Afr. Fr. Zone 6/ 1.01 4.02 3/ 0.10 3.98 0.00 0.96
S. Hemis. 7/ 9.19 19.32 0.14 4.12 13.39 -0.20 11.34
Australia 4.98 5.80 3/ 0.01 6.19 -0.20 4.78
Brazil 2.05 11.72 0.01 3.11 6.66 0.00 4.01
India 8.40 26.30 1.73 24.00 1.10 0.00 11.32
Major Importers 8/ 46.55 42.88 32.86 73.57 3.01 0.02 45.70
Mexico 0.32 1.58 0.69 1.80 0.41 0.00 0.38
China 37.94 30.70 6.23 37.50 0.09 0.00 37.28
European Union 9/ 0.30 1.64 0.52 0.56 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
Domestic
Use Exports
Loss
/2
Ending
Stocks
World 80.67 113.78 43.52 113.07 44.28 -0.35 80.97

World Less China 43.39 86.28 28.72 74.57 44.21 -0.35 39.97
United States 4.25 12.07 0.01 1.85 11.80 -0.18 2.85
Total Foreign 76.42 101.72 43.51 111.22 32.48 -0.18 78.12
Major Exporters 4/ 27.70 58.75 1.61 33.60 27.95 -0.18 26.68
Central Asia 5/ 3.61 5.20 0.01 3.88 1.48 0.00 3.46
Afr. Fr. Zone 6/ 0.96 4.93 3/ 0.10 4.46 0.00 1.33
S. Hemis. 7/ 11.34 21.91 0.15 4.15 19.37 -0.18 10.06
Australia 4.78 5.00 3/ 0.01 5.80 -0.18 4.15
Brazil 4.01 14.57 0.01 3.10 12.40 0.00 3.09
India 11.32 26.20 0.95 24.80 2.20 0.00 11.47
Major Importers 8/ 45.70 39.51 39.32 73.69 2.78 0.00 48.06
Mexico 0.38 0.90 0.60 1.40 0.23 0.00 0.25
China 37.28 27.50 14.80 38.50 0.08 0.00 41.01
European Union 9/ 0.39 1.05 0.52 0.55 0.95 0.00 0.46
Turkey 2.63 3.20 3.50 6.50 1.40 0.00 1.43
Pakistan 1.53 6.70 2.70 9.20 0.10 0.00 1.63
Indonesia 0.36 3/ 1.85 1.80 0.02 0.00 0.40
Thailand 0.14 3/ 0.42 0.46 0.00 0.00 0.10
Bangladesh 1.73 0.16 7.40 7.70 0.00 0.00 1.59
Vietnam 1.05 3/ 6.90 6.90 0.00 0.00 1.05
1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/
Generally reflects cotton lost or destroyed in the marketing channel; for Australia and the United States, reflects the difference between
implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in
addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin,
Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil,
Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South
Korea, and Taiwan. 9/ Includes intra-EU trade.
June 2024
WASDE - 649 - 27
World Cotton Supply and Use 1/

(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2024/25 Proj. Stocks Use /2 Stocks
World May 80.48 119.05 44.95 116.86 44.98 -0.37 83.01
Jun 80.97 119.14 44.95 116.94 44.95 -0.32 83.49
World Less China May 39.35 92.05 32.95 77.86 44.88 -0.37 41.98
Jun 39.97 92.14 32.95 77.94 44.88 -0.32 42.56
United States May 2.40 16.00 0.01 1.90 13.00 -0.20 3.70
Jun 2.85 16.00 0.01 1.90 13.00 -0.15 4.10
filler filler filler filler filler filler filler
Total Foreign May 78.08 103.05 44.94 114.96 31.98 -0.18 79.31
Jun 78.12 103.14 44.95 115.04 31.95 -0.18 79.39
Major Exporters 4/ May 26.56 59.83 2.22 34.43 27.77 -0.18 26.59
Jun 26.68 59.83 2.22 34.42 27.77 -0.18 26.72
Central Asia 5/ May 3.24 5.19 0.03 4.10 1.31 0.00 3.05
Jun 3.46 5.19 0.03 4.09 1.36 0.00 3.23
Afr. Fr. Zone 6/ May 1.33 5.12 3/ 0.10 4.90 0.00 1.45
Jun 1.33 5.12 3/ 0.10 4.90 0.00 1.45
S. Hemis. 7/ May 10.12 24.05 0.15 4.36 19.13 -0.18 11.00
Jun 10.06 24.05 0.15 4.36 19.18 -0.18 10.89
Australia May 3.95 5.00 3/ 0.01 5.30 -0.18 3.81
Jun 4.15 5.00 3/ 0.01 5.40 -0.18 3.91
filler filler filler filler filler filler filler
Brazil May 3.29 16.70 0.01 3.30 12.50 0.00 4.20

Jun 3.09 16.70 0.01 3.30 12.50 0.00 4.00
India May 11.52 25.00 1.50 25.20 2.00 0.00 10.82
Jun 11.47 25.00 1.50 25.20 1.90 0.00 10.87
Jun 48.06 39.82 40.01 76.57 2.39 0.00 48.94
Mexico May 0.25 0.80 0.90 1.50 0.20 0.00 0.25
Jun 0.25 0.80 0.90 1.50 0.20 0.00 0.25
China May 41.13 27.00 12.00 39.00 0.10 0.00 41.03
Jun 41.01 27.00 12.00 39.00 0.08 0.00 40.93
Jun 0.46 1.36 0.55 0.57 1.25 0.00 0.55
Turkey May 1.43 4.00 4.70 7.50 0.80 0.00 1.83
Jun 1.43 4.00 4.70 7.50 0.80 0.00 1.83
Pakistan May 1.63 6.50 3.70 9.80 0.05 0.00 1.98
Jun 1.63 6.50 3.70 9.80 0.05 0.00 1.98
Indonesia May 0.40 3/ 2.00 2.00 0.01 0.00 0.39
Jun 0.40 3/ 2.00 2.00 0.01 0.00 0.39
Thailand May 0.10 3/ 0.40 0.42 0.00 0.00 0.09
Jun 0.10 3/ 0.40 0.42 0.00 0.00 0.09
Bangladesh May 1.59 0.16 8.00 8.00 0.00 0.00 1.74
Jun 1.59 0.16 8.00 8.00 0.00 0.00 1.74
Vietnam May 1.05 3/ 7.00 7.00 0.00 0.00 1.05
Jun 1.05 3/ 7.10 7.10 0.00 0.00 1.05
1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other
factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia and the United States,
reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000
bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan,
Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Cote
d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and
Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes
intra-EU trade.
June 2024
WASDE - 649 - 28
World Soybean Supply and Use 1/

Beginning Production Imports Domestic Domestic Exports Ending
2022/23 Stocks Crush Total Stocks
World 2/ 92.58 378.37 167.86 315.44 366.15 172.07 100.59
World Less China 67.43 358.09 63.36 219.44 248.65 171.98 68.25
United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19
Total Foreign 85.11 262.15 167.19 255.24 303.19 117.86 93.40
Major Exporters 3/ 51.49 197.75 9.25 87.23 97.45 106.96 54.09
Argentina 23.69 25.00 9.06 30.32 36.57 4.19 17.00
Brazil 27.38 162.00 0.15 53.41 57.21 95.50 36.82
Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17
Major Importers 4/ 27.77 23.80 135.67 123.47 152.40 0.33 34.51
China 25.15 20.28 104.50 96.00 117.50 0.09 32.34
European Union 1.45 2.61 13.14 14.30 15.87 0.23 1.10
Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67
Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22
Domestic
Crush
Domestic
Total Exports
Ending
Stocks
World 2/ 100.59 395.91 170.53 329.78 383.34 172.62 111.07

World Less China 68.25 375.07 65.53 230.78 261.64 172.52 74.69
United States 7.19 113.34 0.68 62.32 65.42 46.27 9.53
Total Foreign 93.40 282.57 169.85 267.45 317.92 126.35 101.54
Major Exporters 3/ 54.09 216.70 7.13 93.10 104.50 116.05 57.37
Argentina 17.00 50.00 6.50 35.50 42.75 4.60 26.15
Brazil 36.82 153.00 0.60 54.00 57.85 102.00 30.57
Paraguay 0.17 10.50 0.02 3.50 3.65 6.65 0.39
Major Importers 4/ 34.51 24.73 138.42 127.47 157.95 0.42 39.28
China 32.34 20.84 105.00 99.00 121.70 0.10 36.38
European Union 1.10 2.98 14.30 14.90 16.62 0.30 1.46
Southeast Asia 5/ 0.67 0.47 9.34 4.59 9.52 0.01 0.95
Mexico 0.22 0.19 6.40 6.48 6.54 0.01 0.26
Beginning Productio n Imports Domestic Domestic Exports Ending
Stocks Crush Total Stocks
2024/25 Proj.
World 2/ May 111.78 422.26 176.40 345.87 401.74 180.20 128.50
Jun 111.07 422.26 176.40 345.78 401.63 180.20 127.90
Jun 74.69 401.56 67.40 242.78 274.83 180.10 88.72
Jun 9.53 121.11 0.41 66.00 68.99 49.67 12.38
Jun 101.54 301.15 175.99 279.79 332.64 130.53 115.51
Jun 57.37 233.80 5.68 97.60 109.63 120.10 67.12
Argentina May 26.15 51.00 5.50 40.00 47.60 5.50 29.55
Jun 26.15 51.00 5.50 40.00 47.60 5.50 29.55
Brazil May 31.42 169.00 0.15 54.00 58.10 105.00 37.47
Jun 30.57 169.00 0.15 54.00 58.10 105.00 36.62
Paraguay May 0.54 10.70 0.02 3.65 3.83 6.80 0.63
Jun 0.39 10.70 0.02 3.50 3.68 6.80 0.63
Jun 39.28 24.62 143.36 132.41 164.32 0.42 42.52
China May 36.38 20.70 109.00 103.00 126.80 0.10 39.18
Jun 36.38 20.70 109.00 103.00 126.80 0.10 39.18
European Union May 1.46 3.05 14.30 15.20 17.02 0.30 1.49
Jun 1.46 3.05 14.30 15.20 17.02 0.30 1.49
Jun 0.95 0.46 10.01 5.00 10.16 0.01 1.24
Mexico May 0.26 0.16 6.70 6.65 6.71 0.00 0.41
Jun 0.26 0.16 6.70 6.65 6.71 0.00 0.41
1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports
and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports.
Therefore, world supply may not equal world use. 3/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam,
and Thailand. Totals may not add due to rounding.
June 2024
WASDE - 649 - 29
World Soybean Meal Supply and Use 1/

Beginning Production Imports Domestic Exports Ending
2022/23 Stocks Total Stocks
World 2/ 16.23 247.83 62.98 246.66 67.17 13.20
World Less China 15.52 171.79 62.94 171.61 66.38 12.26
United States 0.28 47.62 0.57 34.84 13.30 0.34
Total Foreign 15.95 200.21 62.40 211.83 53.87 12.86
Major Exporters 3/ 6.88 73.01 0.10 30.38 43.96 5.66
Argentina 2.80 23.65 0.07 3.45 20.75 2.31
Brazil 3.66 41.13 0.01 20.30 21.33 3.15
India 0.42 8.24 0.03 6.63 1.87 0.20
Major Importers 4/ 2.28 21.57 36.77 57.95 0.98 1.68
European Union 0.66 11.30 16.01 26.74 0.74 0.49
Mexico 0.15 5.26 1.67 6.93 0.00 0.15
Southeast Asia 5/ 1.37 3.05 17.55 20.73 0.24 1.01
China 0.71 76.03 0.04 75.05 0.80 0.94
Domestic
Total Exports
Ending
Stocks
World 2/ 13.20 258.77 67.89 254.24 71.34 14.28

World Less China 12.26 180.37 67.84 176.89 70.34 13.23
United States 0.34 48.99 0.59 35.04 14.52 0.36
Total Foreign 12.86 209.78 67.30 219.20 56.83 13.91
Major Exporters 3/ 5.66 78.15 0.07 31.27 47.05 5.56
Argentina 2.31 27.69 0.01 3.48 24.40 2.14
Brazil 3.15 41.58 0.01 20.60 21.10 3.04
India 0.20 8.88 0.05 7.19 1.55 0.39
Major Importers 4/ 1.68 22.36 38.35 59.22 0.99 2.18
European Union 0.49 11.77 15.80 26.74 0.70 0.61
Mexico 0.15 5.12 2.08 7.15 0.00 0.19
Southeast Asia 5/ 1.01 3.58 18.73 21.72 0.29 1.30
China 0.94 78.41 0.05 77.35 1.00 1.05
Beginning Productio n Imports Domestic Exports Ending
Stocks Total Stocks
2024/25 Proj.
World 2/ May 14.19 271.31 70.94 265.64 74.51 16.29
Jun 14.28 271.24 70.94 265.65 74.60 16.21
Jun 13.23 189.67 70.89 185.20 73.60 14.99
Jun 0.36 51.78 0.54 36.40 15.88 0.41
Jun 13.91 219.47 70.39 229.25 58.72 15.80
Jun 5.56 81.58 0.07 32.38 49.00 5.84
Argentina May 2.14 31.20 0.01 3.55 27.30 2.50
Jun 2.14 31.20 0.01 3.55 27.30 2.50
Brazil May 3.04 41.58 0.01 21.20 20.50 2.93
Jun 3.04 41.58 0.01 21.20 20.50 2.93
India May 0.40 8.80 0.05 7.63 1.20 0.42
Jun 0.39 8.80 0.05 7.63 1.20 0.41
Jun 2.18 23.09 39.70 61.32 1.19 2.45
European Union May 0.61 12.01 16.20 27.24 0.90 0.68
Jun 0.61 12.01 16.20 27.24 0.90 0.68
Mexico May 0.19 5.26 2.20 7.40 0.00 0.24
Jun 0.19 5.26 2.20 7.43 0.00 0.22
Southeast Asia 5/ May 1.30 3.90 19.55 22.94 0.29 1.53
Jun 1.30 3.90 19.55 22.99 0.29 1.48
China May 1.05 81.58 0.05 80.45 1.00 1.22
Jun 1.05 81.58 0.05 80.45 1.00 1.22
1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World
imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports.
Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Includes Japan. 5/ Indonesia, Malaysia, Philippines,
Vietnam, and Thailand. Totals may not add due to rounding.
June 2024
WASDE - 649 - 30
World Soybean Oil Supply and Use 1/

Beginning Production Imports Domestic Exports Ending
2022/23 Stocks Total Stocks
World 2/ 5.10 59.62 10.96 58.94 11.73 5.01
World Less China 4.72 42.41 10.56 41.94 11.62 4.13
United States 0.90 11.90 0.17 12.07 0.17 0.73
Total Foreign 4.20 47.72 10.79 46.87 11.56 4.28
Major Exporters 3/ 2.04 19.94 0.65 12.91 8.27 1.46
Argentina 0.53 5.99 0.00 2.06 4.14 0.32
Brazil 0.95 10.58 0.03 8.38 2.69 0.49
European Union 0.55 2.72 0.62 2.41 0.92 0.56
Major Importers 4/ 0.83 20.10 6.32 25.37 0.20 1.68
China 0.39 17.20 0.40 17.00 0.11 0.87
India 0.19 1.85 3.97 5.40 0.01 0.60
North Africa 5/ 0.24 0.74 1.28 1.98 0.08 0.19
Domestic
Total Exports
Ending
Stocks
World 2/ 5.01 62.37 10.63 61.33 11.40 5.28

World Less China 4.13 44.62 10.23 43.43 11.30 4.26
United States 0.73 12.23 0.25 12.25 0.20 0.75
Total Foreign 4.28 50.14 10.39 49.08 11.20 4.53
Major Exporters 3/ 1.46 21.31 0.54 13.73 8.04 1.53
Argentina 0.32 7.01 0.00 2.25 4.80 0.28
Brazil 0.49 10.80 0.04 8.95 1.80 0.58
European Union 0.56 2.83 0.50 2.46 0.80 0.64
Major Importers 4/ 1.68 21.00 5.35 26.13 0.18 1.72
China 0.87 17.74 0.40 17.90 0.10 1.02
India 0.60 2.00 2.95 5.15 0.02 0.38
North Africa 5/ 0.19 0.90 1.30 2.08 0.05 0.27
Beginning Productio n Imports Domestic Exports Ending
Stocks Total Stocks
2024/25 Proj.
World 2/ May 5.31 65.39 11.14 64.54 12.01 5.28
Jun 5.28 65.37 11.24 64.60 12.05 5.25
Jun 4.26 46.92 10.84 45.80 11.95 4.27
Jun 0.75 12.93 0.20 12.79 0.27 0.83
Jun 4.53 52.44 11.04 51.81 11.77 4.42
Jun 1.53 22.25 0.57 14.34 8.53 1.48
Argentina May 0.28 7.90 0.00 2.36 5.50 0.32
Jun 0.28 7.90 0.00 2.36 5.50 0.32
Brazil May 0.58 10.80 0.04 9.43 1.40 0.60
Jun 0.58 10.80 0.04 9.43 1.40 0.60
European Union May 0.64 2.89 0.45 2.41 1.05 0.52
Jun 0.64 2.89 0.53 2.48 1.05 0.52
Jun 1.72 21.87 5.80 27.64 0.21 1.54
China May 1.02 18.46 0.40 18.80 0.10 0.97
Jun 1.02 18.46 0.40 18.80 0.10 0.97
India May 0.39 1.98 3.50 5.60 0.02 0.26
Jun 0.38 1.98 3.50 5.60 0.02 0.25
North Africa 5/ May 0.27 1.04 1.25 2.20 0.08 0.29
Jun 0.27 1.04 1.25 2.20 0.08 0.29
1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World
imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports.
Therefore, world supply may not equal world use. 3/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, and
Tunisia. Totals may not add due to rounding.
June 2024
WASDE - 649 - 31
U.S. Quarterly Animal Product Production 1/
Year and Quarter Beef Pork Red Meat Broiler Turkey Total Red Meat Egg Milk
2/ Poultry 3/ & Poultry
Million Pounds Mil doz Bil lbs
2023 II 6,712 6,593 13,351 11,546 1,410 13,106 26,457 2,272 58.0
III 6,622 6,490 13,153 11,681 1,355 13,195 26,348 2,311 56.0
IV 6,810 7,148 14,003 11,611 1,343 13,090 27,094 2,352 55.5
Annual 26,967 27,302 54,448 46,387 5,457 52,431 106,880 9,142 226.4
2024 I 6,560 7,094 13,699 11,430 1,269 12,834 26,533 2,266 57.0
II* 6,775 6,730 13,550 11,735 1,320 13,200 26,750 2,210 57.8
III* 6,640 6,820 13,505 11,900 1,320 13,365 26,870 2,270 56.4
IV* 6,615 7,460 14,122 11,800 1,325 13,265 27,387 2,340 56.1
Annual
May Proj. 26,595 28,064 54,842 46,805 5,214 52,584 107,426 9,230 227.3
Jun Proj. 26,590 28,104 54,875 46,865 5,234 52,664 107,539 9,086 227.3
2025 I* 6,410 7,180 13,635 11,800 1,300 13,245 26,880 2,355 57.2
Annual
May Proj. 25,120 28,400 53,698 47,550 5,320 53,450 107,148 9,480 229.3
Jun Proj. 25,365 28,400 53,943 47,550 5,320 53,450 107,393 9,470 229.3
* Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/
Broilers, turkeys and mature chicken.
U.S. Quarterly Prices for Animal Products

Steers Barrows Broilers Turkeys Eggs Milk
Year and Quarter 2/ and gilts 4/ 5/ 6/ 7/
3/
Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt
2023 II 179.02 56.69 139.3 156.2 135.8 19.17
III 184.27 69.27 115.3 132.5 135.8 19.27
IV 177.93 53.58 118.5 100.8 182.2 21.17
Annual 175.54 58.59 124.4 140.1 192.4 20.34
2024 I 181.03 54.97 128.0 92.1 258.5 20.47

II* 186.00 66.00 132.0 97.0 220.0 21.35
III* 183.00 68.00 125.0 99.0 215.0 21.85
IV* 186.00 56.00 125.0 99.0 230.0 22.65
Annual
May Proj. 183.51 62.49 127.0 95.3 198.4 21.20
Jun Proj. 184.01 61.24 127.5 96.8 230.9 21.60
2025 I* 186.00 59.00 124.0 95.0 170.0 22.00

Annual
May Proj. 188 60 126 105 156 20.90
Jun Proj. 189 60 126 105 160 21.50
*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale,
National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by
farmers for all milk.
June 2024
WASDE - 649 - 32
U.S. Meats Supply and Use
Beginning Production Total Ending Total Per Capita

Item
stocks 1/ Imports Supply Exports Stocks Use 2/ 3/
Million Pounds /4
Beef 2023 723 27,034 3,727 31,485 3,038 638 27,809 58.1
2024 Proj. May 638 26,662 4,171 31,470 2,818 585 28,067 58.3
Jun 638 26,657 4,171 31,465 2,818 585 28,062 58.3
2025 Proj. May 585 25,187 4,225 29,997 2,500 570 26,927 55.6
Jun 585Filler
25,432
Filler
4,225Filler
30,242Filler
2,500 Filler
570Filler
27,172
Filler
56.1
Filler
Pork 2023 504 27,318 1,143 28,965 6,818 471 21,676 50.2
2024 Proj. May 471 28,079 1,203 29,754 7,262 445 22,047 50.8
Jun 471 28,119 1,213 29,804 7,362 460 21,982 50.6
2025 Proj. May 445 28,415 1,230 30,090 7,615 450 22,025 50.4
Jun 460Filler
28,415
Filler
1,230Filler
30,105
Filler
7,615Filler
495Filler
21,995
Filler
50.3
Filler
Total Red 2023 1,256 54,540 5,154 60,950 9,861 1,130 49,959 109.5
Meat 5/ 2024 Proj. May 1,130 54,934 5,693 61,758 10,084 1,052 50,622 110.4
Jun 1,130 54,966 5,706 61,803 10,184 1,067 50,552 110.3
2025 Proj. May 1,052 53,790 5,790 60,631 10,120 1,041 49,471 107.3
Jun 1,067Filler
54,035
Filler
5,790Filler
60,891
Filler
10,120Filler
1,086
Filler
49,686
Filler
107.7
Filler
Broiler 2023 892 45,890 131 46,914 7,265 835 38,814 99.5
2024 Proj. May 835 46,304 178 47,317 6,889 800 39,628 101.0
Jun 835 46,364 165 47,364 6,734 790 39,840 101.6
2025 Proj. May 800 47,041 200 48,041 7,025 800 40,216 101.8
Jun 790Filler
47,041
Filler
180Filler
48,011
Filler
6,875Filler
800Filler
40,336
Filler
102.1
Filler
Turkey 2023 190 5,457 43 5,689 489 243 4,957 14.8

2024 Proj. May 243 5,214 31 5,488 510 200 4,778 14.2
Jun 243 5,234 33 5,510 515 210 4,785 14.2
2025 Proj. May 200 5,320 40 5,560 515 200 4,845 14.3
Jun 210Filler
5,320
Filler
40Filler
5,570
Filler
515Filler
210Filler
4,845
Filler
14.3
Filler
Total 2023 1,087 51,934 178 53,200 7,774 1,085 44,341 115.9
Poultry 6/ 2024 Proj. May 1,085 52,083 211 53,379 7,427 1,006 44,946 116.8
Jun 1,085 52,162 200 53,447 7,277 1,006 45,164 117.4
2025 Proj. May 1,006 52,941 246 54,193 7,568 1,006 45,619 117.8
Jun 1,006Filler
52,941
Filler
226Filler
54,173
Filler
7,418Filler
1,016
Filler
45,739
Filler
118.1
Filler
Red Meat & 2023 2,343 106,474 5,332 114,149 17,635 2,215 94,300 225.4
Poultry 2024 Proj. May 2,215 107,017 5,905 115,137 17,512 2,058 95,567 227.2
Jun 2,215 107,128 5,907 115,250 17,462 2,073 95,716 227.6
2025 Proj. May 2,058 106,730 6,036 114,824 17,688 2,047 95,089 225.1
Jun 2,073 106,975 6,016 115,064 17,538 2,102 95,424 225.8
1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less
condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/
Population source: Dept. of Commerce. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/
Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken.
June 2024
WASDE - 649 - 33
U.S. Egg Supply and Use
2022 2023 2024 Proj. 2024 Proj. 2025 Proj. 2025 Proj.
Commodity
May Jun May Jun
Eggs Million Dozen
Supply
Beginning Stocks 19.1 18.8 23.1 23.1 23.0 22.5
Production 9,116.6 9,142.4 9,229.9 9,085.7 9,480.0 9,470.0
Imports 26.0 27.6 23.3 27.3 24.0 30.0
Total Supply 9,161.7 9,188.7 9,276.3 9,136.1 9,527.0 9,522.5
Use
Exports 226.5 250.4 260.5 237.5 269.0 264.0
Hatching Use 1,117.3 1,112.5 1,132.2 1,138.4 1,135.0 1,135.0
Ending Stocks 18.8 23.1 23.0 22.5 23.0 23.0
Disappearance
Total 7,799.1 7,802.7 7,860.6 7,737.7 8,100.0 8,100.5
Per Capita (number) 280.5 279.3 279.9 275.6 286.5 286.6
Total
U.S. Milk Supply and Use
Commodity
May Jun May Jun
Milk Billion Pounds
Production 226.4 226.4 227.3 227.3 229.3 229.3
Farm Use 1.0 1.0 1.0 1.0 1.0 1.0
Fat Basis Supply
Marketings 225.4 225.4 226.3 226.3 228.3 228.3
Imports 7.1 7.4 8.2 8.6 8.1 8.2
Total Supply 246.8 247.1 248.3 248.7 249.6 250.0
Fat Basis Use
Exports 13.4 10.6 11.0 11.2 11.2 11.5
Ending Stocks 14.4 13.8 13.2 13.5 13.0 13.1
Domestic Use 219.1 222.8 224.2 223.9 225.3 225.3
Skim-solid Basis Supply
Marketings 225.4 225.4 226.3 226.3 228.3 228.3
Imports 6.7 6.3 7.0 7.3 6.9 7.0
Total Supply 243.2 243.3 243.2 243.5 244.9 245.3
Skim-solid Basis Use
Exports 52.9 49.9 49.3 49.3 50.2 50.5
Ending Stocks 11.7 9.9 9.7 10.0 9.5 9.5
Domestic Use 178.7 183.5 184.2 184.2 185.2 185.4
Total
Note: Totals may not add due to rounding.

June 2024
WASDE - 649 - 34
U.S. Dairy Prices
Commodity
May Jun May Jun
Product Prices 1/ Dollars Per Pound
Cheese 2.1122 1.7593 1.695 1.790 1.665 1.795
Butter 2.8665 2.6170 2.935 2.970 2.915 2.945
Nonfat Dry Milk 1.6851 1.1856 1.160 1.175 1.140 1.140
Dry Whey
Filler
0.6057 0.3618 0.400 0.435 0.375 0.400
Dollars Per Cwt
Milk Prices 2/
Class III 21.96 17.02 16.75 17.90 16.30 17.70
Class IV 24.47 19.12 20.25 20.50 19.95 20.10
All Milk 3/ 25.34 20.34 21.20 21.60 20.90 21.50
All prices are January-December averages. 1/ Simple average of monthly prices calculated by AMS from weekly average
dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly
minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the
simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from
producers as authorized by legislation.
June 2024
WASDE - 649 - 35
Reliability of June Projections 1/

Note: Tables on pages 35-37 present a record of the June projection and the final Estimate. Using world wheat production as
an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or
below the final estimate by more than 3 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not
exceed 5 percent. The average difference between the June projection and the final estimate is 15.9 million tons, ranging
from 0.4 million to 32.2 million tons. The June projection has been below the estimate 26 times and above 17 times.
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
WHEAT Percent Million Metric Tons
Production
World 3.0 5.0 15.9 0.4 32.2 26 17
U.S. 6.2 10.4 2.8 0.0 8.4 24 19
Foreign 3.1 5.2 14.9 1.1 31.9 25 17
Exports
World 5.9 10.0 6.3 0.0 19.2 29 13
U.S. 11.6 19.6 2.7 0.0 10.2 23 19
Foreign 6.4 10.8 5.6 0.6 19.8 31 11
Domestic Use
World 2.2 3.7 10.4 0.3 27.7 26 17
U.S. 6.9 11.5 1.7 0.0 6.4 19 24
Foreign 2.2 3.7 10.2 0.6 28.6 28 14
Ending Stocks
World 9.9 16.7 12.5 0.6 40.5 26 17
U.S. 18.2 30.7 3.3 0.1 14.9 24 19
Foreign 10.1 17.0 10.7 0.2 36.1 26 16
COARSE GRAINS 2/
Production
World 3.5 6.0 26.7 0.6 103.3 23 20
U.S. 13.1 22.1 19.5 0.5 103.8 23 20
Foreign 2.7 4.5 14.5 0.4 45.6 21 21
Exports
World 7.4 12.5 7.6 0.3 24.0 30 13
U.S. 28.6 48.1 8.4 0.1 30.8 19 24
Foreign 13.1 22.1 6.7 0.5 19.2 27 15
Domestic Use
World 1.9 3.2 14.5 0.3 66.7 19 24
U.S. 5.4 9.1 7.5 0.1 37.0 26 17
Foreign 2.0 3.3 12.0 0.1 38.2 20 22
Ending Stocks
World 20.2 34.0 25.5 0.5 170.1 28 15
U.S. 53.4 89.9 15.9 0.1 57.6 24 19
Foreign 16.8 28.3 15.5 0.1 155.2 31 11
RICE, milled
Production
World 2.3 3.9 6.9 0.3 21.8 27 16
U.S. 7.6 12.8 0.4 0.0 1.1 23 20
Foreign 2.3 3.9 6.8 0.4 21.9 26 16
Exports
World 9.4 15.9 1.9 0.1 7.5 30 13
U.S. 12.5 21.1 0.3 0.0 1.0 20 20
Foreign 10.3 17.4 1.9 0.1 7.1 30 12
Domestic Use
World 1.8 3.1 4.8 0.0 20.3 27 16
U.S. 8.4 14.1 0.2 0.0 0.6 19 23
Foreign 1.8 3.1 4.8 0.0 20.8 28 14
Ending Stocks
World 14.1 23.8 7.8 0.2 26.7 30 13
U.S. 32.3 54.3 0.3 0.0 0.9 22 19
Foreign 15.2 25.7 8.0 0.4 26.4 30 12
1/ Footnotes at end of table. CONTINUED
June 2024
WASDE - 649 - 36
Reliability of June Projections (Continued) 1/

90 percent Years
Commodity and Root mean confidence Below Above
Region square error interval Average Smallest Largest Final Final
SOYBEANS Percent Million Metric Tons
Production
World NA NA 13.2 0.1 36.2 7 13
U.S. 8.9 15.1 5.0 0.0 16.2 22 21
Foreign NA NA 9.7 0.2 37.0 6 13
Exports
World NA NA 5.7 0.1 17.3 11 9
U.S. 15.3 25.7 3.6 0.3 14.0 23 20
Foreign NA NA 5.1 0.4 19.1 13 6
Domestic Use
World NA NA 7.5 0.3 17.9 7 13
U.S. 5.9 9.9 1.8 0.1 7.2 25 18
Foreign NA NA 6.9 0.4 17.5 7 12
Ending Stocks
World NA NA 8.3 0.1 26.2 9 11
U.S. 65.6 110.5 3.4 0.3 16.6 14 29
Foreign NA NA 6.5 0.3 19.1 10 9
COTTON Million 480-Pound Bales
Production
World 5.8 9.8 4.1 0.0 16.4 22 20
U.S. 12.6 21.3 1.6 0.1 5.7 20 23
Foreign 5.8 9.8 3.1 0.2 12.4 23 19
Exports
World 10.7 17.9 2.4 0.1 12.4 24 19
U.S. 28.2 47.4 1.4 0.1 4.0 24 19
Foreign 13.5 22.7 1.9 0.1 9.9 22 20
Domestic Use
World 5.5 9.2 3.7 0.1 20.3 17 26
U.S. 10.8 18.2 0.5 0.0 1.4 18 24
Foreign 5.6 9.4 3.6 0.0 19.9 20 22
Ending Stocks
World 16.9 28.4 6.9 0.5 19.9 27 16
U.S. 45.2 76.1 1.4 0.1 4.7 21 22
Foreign 16.1 27.1 5.9 0.3 19.2 28 14
1/ Marketing years 1981/82 through 2023/24 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and
cotton is defined as the first November estimate following the marketing year for 1981/82 through 2022/23, and for 2023/24
the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain.
June 2024
WASDE - 649 - 37
Reliability of United States June Projections 1/

90 percent Years
Root mean confidence Below Above
square error interval Average Smallest Largest Final Final
CORN Percent Million Bushels
Production 15.5 26.1 762 8 4,010 22 21
Exports 29.7 50.1 307 38 1,150 21 22
Domestic Use 12.7 21.4 427 0 5,888 25 17
Ending Stocks 62.7 105.6 578 17 2,091 24 19
SORGHUM
Production 24.7 41.7 84 0 228 21 21
Exports 51.8 87.3 52 0 195 20 22
Domestic Use 29.2 49.2 54 0 140 19 23
Ending Stocks 64.9 109.3 42 0 191 16 26
BARLEY
Production 14.7 24.7 26 1 206 17 26
Exports 76.2 128.3 13 0 92 22 17
Domestic Use 11.5 19.3 28 0 95 20 22
Ending Stocks 22.9 38.5 21 1 79 18 25
OATS
Production 23.5 39.6 28 1 231 8 35
Exports 105.7 178.0 1 0 8 12 12
Domestic Use 10.8 18.3 19 0 160 13 28
Ending Stocks 29.2 49.2 15 0 77 13 28
SOYBEAN MEAL Thousand Short Tons
Production 5.4 9.1 1,242 57 4,919 26 17
Exports 16.8 28.2 960 50 2,650 27 16
Domestic Use 4.5 7.6 869 24 4,650 23 20
Ending Stocks 42.9 72.3 53 0 488 13 17
SOYBEAN OIL Million Pounds
Production 5.1 8.6 622 18 2,330 30 13
Exports 46.5 78.2 444 0 1,700 24 18
Domestic Use 4.1 6.9 470 0 2,100 26 16
Ending Stocks 35.9 60.5 436 0 1,432 22 20
ANIMAL PROD. Million Pounds
Beef 4.0 6.8 787 41 2,727 22 8
Pork 3.2 5.5 527 14 1,722 18 12
Broilers 2.3 3.9 650 55 1,465 13 17
Turkeys 4.2 7.2 180 2 478 12 18
Million Dozen
Eggs 2.0 3.3 125 2 473 19 11
Billion Pounds
Milk 1.6 2.7 2.4 0.2 7.0 14 16
1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through
2023/24 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate
following the marketing year for 1981/82 through 2023/24. Calendar years 1994 through 2023 for meats, eggs, and milk.
Final for animal products is defined as the latest annual production estimate published by NASS for 1994-2023.
WASDE-649-38
Related USDA Reports
The WASDE report incorporates information from a number of statistical reports published by USDA and
other government agencies. In turn, the WASDE report provides a framework for more detailed reports
issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on
how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde.
Supply and Demand Database
The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive
database of supply and demand balances by commodity for 190 countries and regions at
https://apps.fas.usda.gov/psdonline/app/index.html. Data for grains, oilseeds, and cotton are updated
monthly and data for other commodities are updated less frequently.
Foreign Production Assessments
Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE
report are provided by the International Production Assessment Division (IPAD) of the Foreign Agricultural
Service. IPAD is located at https://ipad.fas.usda.gov/.
Metric Conversion Factors
1 Hectare = 2.4710 Acres

1 Kilogram = 2.20462 Pounds
Metric-Ton Equivalent = Domestic Unit Factor
Wheat & Soybeans bushels .027216
Rice cwt .045359
Corn, Sorghum, & Rye bushels .025401
Barley bushels .021772
Oats bushels .014515
Sugar short tons .907185
Cotton 480-lb bales .217720
For complete WASDE tables and previous month’s report visit
https://www.usda.gov/oce/commodity/wasde/
Click to receive WASDE-related notifications by email
Previous WASDE reports are available at

https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en
For questions contact: Mirvat Sewadeh at [email protected]
World Agricultural Supply and Demand Estimates

WASDE-649 – June 12, 2024
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
activities on the basis of race, color, national origin, gender, religion, age, disability, political
beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all
programs.) Persons with disabilities who require alternative means for communication of program
information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at 202-
720-2600 (voice and TDD).
To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W,
Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202)
720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

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World Agricultural Supply

INTERAGENCY COMMODITY ESTIMATES COMMITTEES

Wheat: Mark Simone, ICEC Chair, WAOB, [email protected]

Rice: Mark Simone, ICEC Chair, WAOB, [email protected]

Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected]

Oilseeds: Joanna Hitchner, ICEC Chair, WAOB, [email protected]

Cotton: Kent Lanclos, ICEC Chair, WAOB, [email protected]

Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected]

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected]

Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected]

Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected]

World and U.S. Supply and Use for Grains 1/

2024/25 (Proj.) May 2838.41 3610.70 502.69 2841.53 769.17

Wheat 2022/23 789.20 1062.46 220.66 791.42 271.04

2024/25 (Proj.) May 798.19 1055.98 216.00 802.37 253.61

Coarse Grains 5/ 2022/23 1449.90 1791.39 220.33 1459.28 332.11

2024/25 (Proj.) May 1512.62 1852.20 232.92 1512.76 339.45

Rice, milled 2022/23 515.82 699.49 54.63 520.06 179.43

2024/25 (Proj.) May 527.61 702.52 53.76 526.40 176.12

Total Total Ending

2024/25 (Proj.) May 449.32 530.61 86.85 365.07 78.69

Wheat 2022/23 44.90 66.57 20.65 30.42 15.50

2024/25 (Proj.) May 50.56 72.54 21.09 30.59 20.85

Coarse Grains 5/ 2022/23 356.45 397.18 45.04 315.00 37.14

2024/25 (Proj.) May 391.77 448.37 62.59 329.40 56.39

Rice, milled 2022/23 5.08 7.61 2.04 4.61 0.96

2024/25 (Proj.) May 6.99 9.70 3.18 5.08 1.45

World and U.S. Supply and Use for Grains, Continued 1/

2024/25 (Proj.) May 2,389.09 3,080.10 415.83 2,476.46 690.49

Wheat 2022/23 744.30 995.89 200.01 761.00 255.54

2024/25 (Proj.) May 747.63 983.45 194.91 771.78 232.76

Coarse Grains 5/ 2022/23 1,093.45 1,394.21 175.29 1,144.28 294.97

2024/25 (Proj.) May 1,120.85 1,403.84 170.34 1,183.36 283.06

Rice, milled 2022/23 510.73 691.88 52.58 515.46 178.47

2024/25 (Proj.) May 520.61 692.82 50.59 521.32 174.67

World and U.S. Supply and Use for Cotton 1/

2024/25 (Proj.) May 119.05 199.52 44.98 116.86 83.01

United States 2022/23 14.47 18.52 12.77 2.05 4.25

2024/25 (Proj.) May 16.00 18.41 13.00 1.90 3.70

Foreign 4/ 2022/23 101.95 172.57 24.34 109.65 76.42

2024/25 (Proj.) May 103.05 181.12 31.98 114.96 79.31

World and U.S. Supply and Use for Oilseeds 1/

2024/25 (Proj.) May 687.06 815.45 206.84 560.84 144.84

Oilmeals 2022/23 357.63 377.53 97.81 355.47 17.09

2024/25 (Proj.) May 384.14 402.55 106.98 377.39 20.67

Vegetable Oils 2022/23 218.34 248.25 88.93 211.27 31.90

2024/25 (Proj.) May 228.28 260.08 88.27 224.91 29.91

United States Output

Oilseeds 2022/23 125.75 136.42 55.12 64.16 8.85

2024/25 (Proj.) May 131.16 143.05 50.83 70.32 13.76

Oilmeals 2022/23 49.94 54.60 13.50 40.69 0.41

2024/25 (Proj.) May 54.24 58.97 15.90 42.58 0.50

Vegetable Oils 2022/23 13.18 20.75 0.33 19.28 1.14

2024/25 (Proj.) May 14.29 22.54 0.37 20.93 1.24

Oilseeds 2022/23 512.14 613.01 146.57 461.53 110.07

2024/25 (Proj.) May 555.90 672.40 156.01 490.52 131.08

Oilmeals 2022/23 307.69 322.94 84.31 314.79 16.68

2024/25 (Proj.) May 329.90 343.58 91.08 334.81 20.17

Vegetable Oils 2022/23 205.16 227.50 88.60 191.99 30.76

2024/25 (Proj.) May 213.99 237.54 87.89 203.98 28.67