WASDE - 646 - 8 March 2024 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2021/22 2793.65 3588.62 513.28 2794.81 793.81 2022/23 (Est.) 2749.77 3543.57 494.72 2763.94 779.64 2023/24 (Proj.) Feb 2809.56 3587.20 503.23 2812.11 775.09 Mar 2809.49 3589.13 507.86 2814.47 774.66 Wheat 2021/22 780.05 1063.91 202.77 791.16 272.75 2022/23 (Est.) 789.17 1061.93 220.17 790.83 271.10 2023/24 (Proj.) Feb 785.74 1056.96 210.69 797.52 259.44 Mar 786.70 1057.80 212.13 798.98 258.83 Coarse Grains 5/ 2021/22 1500.50 1824.14 253.62 1485.85 338.29 2022/23 (Est.) 1446.02 1784.31 220.29 1452.96 331.36 2023/24 (Proj.) Feb 1510.08 1840.17 240.92 1491.70 348.47 Mar 1507.41 1838.76 243.15 1492.63 346.14 Rice, milled 2021/22 513.10 700.56 56.90 517.80 182.76 2022/23 (Est.) 514.57 697.34 54.25 520.16 177.18 2023/24 (Proj.) Feb 513.74 690.08 51.62 522.90 167.18 Mar 515.39 692.57 52.58 522.87 169.70 United States Total Grains 4/ 2021/22 447.17 511.98 94.82 360.06 57.09 2022/23 (Est.) 406.43 471.36 67.73 350.03 53.60 2023/24 (Proj.) Feb 459.13 520.66 82.03 361.40 77.23 Mar 459.13 520.63 81.81 361.26 77.57 Wheat 2021/22 44.80 70.42 21.66 30.41 18.36 2022/23 (Est.) 44.90 66.57 20.65 30.42 15.50 2023/24 (Proj.) Feb 49.31 68.76 19.73 31.14 17.90 Mar 49.31 68.76 19.32 31.14 18.30 Coarse Grains 5/ 2021/22 396.30 432.90 70.52 324.91 37.48 2022/23 (Est.) 356.45 397.18 45.04 315.00 37.14 2023/24 (Proj.) Feb 402.89 442.65 59.54 325.12 57.99 Mar 402.89 442.62 59.69 324.99 57.94 Rice, milled 2021/22 6.07 8.65 2.65 4.74 1.26 2022/23 (Est.) 5.08 7.61 2.04 4.61 0.96 2023/24 (Proj.) Feb 6.93 9.26 2.76 5.14 1.35 Mar 6.93 9.26 2.79 5.14 1.32 ================================================================================ WASDE - 646 - 9 March 2024 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2021/22 2346.48 3076.64 418.45 2434.75 736.72 2022/23 (Est.) 2343.34 3072.22 426.98 2413.91 726.04 2023/24 (Proj.) Feb 2350.42 3066.54 421.19 2450.71 697.86 Mar 2350.36 3068.50 426.06 2453.20 697.10 Wheat 2021/22 735.25 993.49 181.11 760.75 254.40 2022/23 (Est.) 744.28 995.36 199.52 760.40 255.60 2023/24 (Proj.) Feb 736.43 988.19 190.96 766.38 241.54 Mar 737.39 989.04 192.81 767.84 240.52 Coarse Grains 5/ 2021/22 1104.20 1391.24 183.10 1160.94 300.82 2022/23 (Est.) 1089.57 1387.14 175.25 1137.96 294.22 2023/24 (Proj.) Feb 1107.19 1397.52 181.38 1166.58 290.48 Mar 1104.52 1396.15 183.46 1167.64 288.19 Rice, milled 2021/22 507.03 691.91 54.25 513.06 181.50 2022/23 (Est.) 509.49 689.73 52.21 515.55 176.22 2023/24 (Proj.) Feb 506.80 680.82 48.85 517.75 165.83 Mar 508.46 683.31 49.79 517.72 168.38 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2021/22 114.49 192.16 43.19 116.11 76.42 2022/23 (Est.) 116.26 192.68 36.96 111.16 82.97 2023/24 (Proj.) Feb 112.82 195.79 42.87 112.46 83.70 Mar 112.96 195.92 43.26 112.94 83.34 United States 2021/22 17.52 20.68 14.48 2.55 4.05 2022/23 (Est.) 14.47 18.52 12.77 2.05 4.25 2023/24 (Proj.) Feb 12.43 16.69 12.30 1.75 2.80 Mar 12.10 16.36 12.30 1.75 2.50 Foreign 4/ 2021/22 96.96 171.48 28.71 113.56 72.37 2022/23 (Est.) 101.79 174.16 24.20 109.11 78.72 2023/24 (Proj.) Feb 100.39 179.10 30.57 110.71 80.90 Mar 100.86 179.57 30.96 111.19 80.84 ================================================================================ WASDE - 646 - 10 March 2024 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2021/22 611.75 725.70 179.44 512.35 113.14 2022/23 (Est.) 637.28 750.42 202.13 524.69 120.76 2023/24 (Proj.) Feb 659.40 781.76 197.13 541.85 133.37 Mar 658.68 779.44 199.63 541.25 131.36 Oilmeals 2021/22 351.19 371.13 96.38 348.35 20.53 2022/23 (Est.) 357.23 377.76 97.22 355.85 17.56 2023/24 (Proj.) Feb 369.79 387.42 101.51 364.17 19.28 Mar 369.37 386.93 101.85 364.42 18.83 Vegetable Oils 2021/22 208.15 237.17 79.66 202.77 29.30 2022/23 (Est.) 217.81 247.11 88.65 210.40 31.36 2023/24 (Proj.) Feb 222.83 254.24 89.60 217.98 31.13 Mar 222.85 254.21 88.99 218.16 30.85 United States Oilseeds 2021/22 131.32 141.14 59.55 63.87 9.14 2022/23 (Est.) 125.75 136.42 55.12 64.16 8.85 2023/24 (Proj.) Feb 122.37 132.70 47.97 66.59 10.14 Mar 122.37 132.65 48.05 66.66 10.10 Oilmeals 2021/22 49.23 53.19 12.46 40.38 0.35 2022/23 (Est.) 49.94 54.60 13.50 40.69 0.41 2023/24 (Proj.) Feb 51.45 56.09 14.09 41.56 0.44 Mar 51.56 56.21 14.54 41.23 0.44 Vegetable Oils 2021/22 13.05 19.61 1.05 17.27 1.30 2022/23 (Est.) 13.18 20.75 0.33 19.28 1.14 2023/24 (Proj.) Feb 13.54 21.27 0.30 19.86 1.11 Mar 13.55 21.35 0.29 19.94 1.11 Foreign 3/ Oilseeds 2021/22 480.43 584.56 119.88 448.49 104.00 2022/23 (Est.) 511.52 614.00 147.02 460.52 111.92 2023/24 (Proj.) Feb 537.03 649.07 149.16 475.26 123.23 Mar 536.31 646.79 151.58 474.59 121.26 Oilmeals 2021/22 301.96 317.94 83.92 307.97 20.18 2022/23 (Est.) 307.29 323.17 83.73 315.17 17.14 2023/24 (Proj.) Feb 318.34 331.33 87.43 322.60 18.83 Mar 317.81 330.72 87.31 323.20 18.39 Vegetable Oils 2021/22 195.10 217.55 78.61 185.50 28.00 2022/23 (Est.) 204.63 226.36 88.32 191.13 30.23 2023/24 (Proj.) Feb 209.29 232.97 89.30 198.12 30.02 Mar 209.29 232.86 88.70 198.22 29.74 ================================================================================ WASDE - 646 - 11 March 2024 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Acres Area Planted 46.7 45.8 49.6 49.6 Area Harvested 37.1 35.5 37.3 37.3 Bushels Yield per Harvested Acre 44.3 46.5 48.6 48.6 Million Bushels Beginning Stocks 845 674 570 570 Production 1646 1650 1812 1812 Imports 96 122 145 145 Supply, Total 2588 2446 2527 2527 Food 971 973 960 960 Seed 58 68 64 64 Feed and Residual 88 77 120 120 Domestic, Total 1117 1118 1144 1144 Exports 796 759 725 710 Use, Total 1913 1876 1869 1854 Ending Stocks 674 570 658 673 Avg.FarmPrice ($/bu) 2/ 7.63 8.83 7.20 7.15 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2022/23 (Est.) Beginning Stocks 356 142 99 54 24 674 Production 531 446 336 272 64 1650 Imports 5 56 4 7 51 122 Supply, Total 3/ 891 644 439 333 139 2446 Food 374 266 163 85 85 973 Seed 29 17 14 6 3 68 Feed and Residual 42 -8 65 -22 0 77 Domestic Use 444 275 242 68 88 1118 Exports 224 214 107 190 23 759 Use, Total 669 489 349 259 111 1876 Ending Stocks, Total 223 155 90 74 28 570 2023/24 (Proj.) Beginning Stocks 223 155 90 74 28 570 Production 601 468 449 235 59 1812 Imports 23 65 8 5 44 145 Supply, Total 3/ 847 688 547 314 131 2527 Food 378 255 160 84 83 960 Seed 27 16 13 6 2 64 Feed and Residual 25 10 90 -5 0 120 Domestic Use 430 281 263 85 85 1144 Exports 135 230 165 155 25 710 Use, Total 565 511 428 240 110 1854 Ending Stocks, Total Mar 282 177 119 74 21 673 Feb 279 177 111 74 17 658 ================================================================================ WASDE - 646 - 12 March 2024 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Acres FEED GRAINS Area Planted 105.5 100.0 107.5 107.5 Area Harvested 94.1 86.6 96.0 96.0 Metric Tons Yield per Harvested Acre 4.21 4.11 4.19 4.19 Million Metric Tons Beginning Stocks 34.0 37.5 37.1 37.1 Production 396.0 356.1 402.6 402.6 Imports 2.3 2.9 2.3 2.3 Supply, Total 432.4 396.5 442.0 442.0 Feed and Residual 147.4 142.3 147.5 147.5 Food, Seed & Industrial 177.0 172.1 177.0 176.9 Domestic, Total 324.4 314.4 324.6 324.4 Exports 70.5 45.0 59.5 59.7 Use, Total 394.9 359.4 384.1 384.1 Ending Stocks 37.5 37.1 58.0 57.9 Million Acres CORN Area Planted 92.9 88.2 94.6 94.6 Area Harvested 85.0 78.7 86.5 86.5 Bushels Yield per Harvested Acre 176.7 173.4 177.3 177.3 Million Bushels Beginning Stocks 1235 1377 1360 1360 Production 15018 13651 15342 15342 Imports 24 39 25 25 Supply, Total 16277 15066 16727 16727 Feed and Residual 5671 5487 5675 5675 Food,Seed& Industrial 2/ 6757 6558 6780 6780 Ethanol & by-products 3/ 5320 5176 5375 5375 Domestic, Total 12427 12045 12455 12455 Exports 2472 1661 2100 2100 Use, Total 14900 13706 14555 14555 Ending Stocks 1377 1360 2172 2172 Avg.FarmPrice ($/bu) 4/ 6.00 6.54 4.80 4.75 ================================================================================ WASDE - 646 - 13 March 2024 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 7.2 7.2 AreaHarvested(mil.acres) 6.5 4.6 6.1 6.1 Yield (bushels/acre) 69.0 41.1 52.0 52.0 Beginning Stocks 20 47 24 24 Production 448 188 318 318 Imports 0 0 0 0 Supply, Total 468 235 342 342 Feed and Residual 80 42 45 45 Food, Seed & Industrial 45 59 35 30 Total Domestic 125 102 80 75 Exports 296 109 240 245 Use, Total 421 211 320 320 Ending Stocks 47 24 22 22 Avg.FarmPrice ($/bu) 2/ 5.94 5.94 4.85 4.85 BARLEY AreaPlanted (mil. acres) 2.7 2.9 3.1 3.1 AreaHarvested(mil.acres) 2.0 2.4 2.6 2.6 Yield (bushels/acre) 60.5 71.7 72.4 72.4 Beginning Stocks 71 37 66 66 Production 121 174 185 185 Imports 15 24 14 15 Supply, Total 207 235 265 266 Feed and Residual 23 36 60 60 Food, Seed & Industrial 139 131 125 125 Total Domestic 162 167 185 185 Exports 7 2 3 4 Use, Total 170 169 188 189 Ending Stocks 37 66 77 77 Avg.FarmPrice ($/bu) 2/ 5.31 7.40 7.50 7.40 OATS AreaPlanted (mil. acres) 2.6 2.6 2.6 2.6 AreaHarvested(mil.acres) 0.7 0.9 0.8 0.8 Yield (bushels/acre) 61.3 65.5 68.6 68.6 Beginning Stocks 38 33 35 35 Production 40 58 57 57 Imports 81 84 80 77 Supply, Total 159 174 172 169 Feed and Residual 44 57 50 50 Food, Seed & Industrial 79 81 81 81 Total Domestic 124 138 131 131 Exports 3 2 2 2 Use, Total 126 140 133 133 Ending Stocks 33 35 39 36 Avg.FarmPrice ($/bu) 2/ 4.55 4.57 3.70 3.80 ================================================================================ WASDE - 646 - 14 March 2024 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 2.89 2.89 Area Harvested 2.48 2.17 2.85 2.85 Pounds Yield per Harvested Acre 7710 7385 7649 7649 Million Hundredweight Beginning Stocks 2/ 43.7 39.7 30.3 30.3 Production 191.1 160.0 218.3 218.3 Imports 37.8 39.9 43.0 43.0 Supply, Total 272.5 239.7 291.5 291.5 Domestic & Residual 3/ 149.3 145.1 162.0 162.0 Exports, Total 4/ 83.5 64.3 87.0 88.0 Rough 28.2 18.1 33.0 36.0 Milled (rough equiv.) 55.3 46.2 54.0 52.0 Use, Total 232.8 209.4 249.0 250.0 Ending Stocks 39.7 30.3 42.5 41.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.80 18.40 18.80 LONG GRAIN RICE Harvested Acres (mil.) 1.93 1.78 2.05 2.05 Yield (pounds/acre) 7471 7225 7524 7524 Beginning Stocks 29.7 24.6 21.2 21.2 Imports 30.7 31.9 36.0 36.0 Production 144.0 128.5 153.9 153.9 Supply, Total 7/ 204.4 185.0 211.0 211.0 Domestic & Residual 3/ 117.7 114.0 125.0 125.0 Exports 8/ 62.0 49.8 63.0 66.0 Use, Total 179.7 163.8 188.0 191.0 Ending Stocks 24.6 21.2 23.0 20.0 Avg.FarmPrice($/cwt) 6/ 13.60 16.70 16.00 16.10 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.39 0.81 0.81 Yield (pounds/acre) 8546 8118 7963 7963 Beginning Stocks 11.5 13.0 6.8 6.8 Imports 7.1 8.0 7.0 7.0 Production 47.1 31.6 64.4 64.4 Supply, Total 7/ 66.1 52.4 78.2 78.2 Domestic & Residual 3/ 31.6 31.1 37.0 37.0 Exports 8/ 21.5 14.5 24.0 22.0 Use, Total 53.1 45.6 61.0 59.0 Ending Stocks 13.0 6.8 17.2 19.2 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 33.80 26.00 27.50 California 10/ 31.90 40.90 30.00 32.00 Other States 1/ 13.90 18.20 17.50 18.00 ================================================================================ WASDE - 646 - 15 March 2024 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 83.6 83.6 Area Harvested 86.3 86.2 82.4 82.4 Bushels Yield per Harvested Acre 51.7 49.6 50.6 50.6 Million Bushels Beginning Stocks 257 274 264 264 Production 4464 4270 4165 4165 Imports 16 25 30 30 Supply, Total 4737 4569 4459 4459 Crushings 2204 2212 2300 2300 Exports 2152 1992 1720 1720 Seed 102 97 102 102 Residual 5 4 22 22 Use, Total 4463 4305 4144 4144 Ending Stocks 274 264 315 315 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 12.65 12.65 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 1602 1607 Production 4/ 26155 26227 27025 27025 Imports 303 376 450 450 Supply, Total 28589 28594 29077 29082 Domestic Disappearance 24827 26609 27200 27200 Biofuel 3/ 10379 12491 13000 13000 Food, Feed & other Industrial 14449 14118 14200 14200 Exports 1771 378 300 300 Use, Total 26598 26987 27500 27500 Ending stocks 1991 1607 1577 1582 Avg. Price (c/lb) 2/ 72.98 65.26 51.00 49.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 371 371 Production 4/ 51814 52493 54154 54254 Imports 655 632 600 600 Supply, Total 52810 53436 55125 55225 Domestic Disappearance 38959 38402 39425 39025 Exports 13540 14664 15300 15800 Use, Total 52499 53065 54725 54825 Ending Stocks 311 371 400 400 Avg. Price ($/s.t.) 2/ 439.81 451.91 380.00 380.00 ================================================================================ WASDE - 646 - 16 March 2024 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1843 1843 Production 2/ 9157 9250 9352 9243 Beet Sugar 5155 5187 5327 5172 Cane Sugar 4002 4063 4024 4071 Florida 1934 1985 2045 2095 Louisiana 1944 2001 1935 1936 Texas 124 76 44 40 Imports 3646 3614 3326 3331 TRQ 3/ 1579 1862 1612 1750 Other Program 4/ 298 141 200 200 Non-program 1769 1611 1514 1381 Mexico 1379 1156 799 666 High-tier tariff/other 390 455 715 715 Total Supply 14508 14685 14520 14416 Exports 29 82 160 160 Deliveries 12578 12589 12555 12555 Food 12470 12473 12450 12450 Other 5/ 107 116 105 105 Miscellaneous 81 171 0 0 Total Use 12688 12843 12715 12715 Ending Stocks 1820 1843 1805 1701 Stocks to Use Ratio 14.3 14.3 14.2 13.4 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2022/23 Est. Feb 964 5224 285 4627 1011 835 Mar 964 5224 285 4627 1011 835 2023/24 Proj. Feb 835 4875 547 4648 709 900 Mar 835 4747 494 4593 595 889 ================================================================================ WASDE - 646 - 17 March 2024 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Feb Mar ================================================================================ Million Acres Planted 11.21 13.75 10.23 10.23 Harvested 10.26 7.29 7.06 7.06 Pounds Yield per Harvested Acre 820 953 845 822 Million 480 Pound Bales Beginning Stocks 3.15 4.05 4.25 4.25 Production 17.52 14.47 12.43 12.10 Imports 0.01 0.00 0.01 0.01 Supply, Total 20.68 18.52 16.69 16.36 Domestic Use 2.55 2.05 1.75 1.75 Exports, Total 14.48 12.77 12.30 12.30 Use, Total 17.03 14.82 14.05 14.05 Unaccounted 2/ -0.40 -0.55 -0.16 -0.20 Ending Stocks 4.05 4.25 2.80 2.50 Avg. Farm Price 3/ 91.4 84.8 77.0 77.0 ================================================================================ WASDE - 646 - 18 March 2024 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 283.86 780.05 199.93 160.19 791.16 202.77 272.75 World Less China 144.74 643.11 190.36 125.19 643.16 201.89 135.99 United States 23.00 44.80 2.62 2.40 30.41 21.66 18.36 Total Foreign 260.86 735.25 197.31 157.79 760.75 181.11 254.40 Major Exporters 4/ 34.88 327.13 5.79 76.90 184.20 142.40 41.21 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.16 4.63 45.00 108.25 31.93 13.31 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 3.00 9.00 18.84 6.77 Major Importers 6/ 177.06 204.04 130.32 54.87 323.89 15.28 172.25 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.85 21.28 26.61 1.87 47.02 0.41 12.31 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.23 16.51 22.76 3.88 38.83 0.75 9.92 Southeast Asia 9/ 4.45 0.00 27.02 8.50 25.63 1.20 4.64 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 272.75 789.17 211.26 153.97 790.83 220.17 271.10 World Less China 135.99 651.45 197.98 120.97 642.83 219.23 132.28 United States 18.36 44.90 3.32 2.09 30.42 20.65 15.50 Total Foreign 254.40 744.28 207.94 151.88 760.40 199.52 255.60 Major Exporters 4/ 41.21 335.12 13.21 74.76 182.15 160.78 46.61 Argentina 1.93 12.55 0.00 0.25 6.75 3.66 4.07 Australia 3.45 40.55 0.20 4.50 8.00 31.82 4.37 Canada 3.66 34.34 0.55 4.31 9.45 25.59 3.51 European Union 5/ 13.31 134.19 12.10 44.00 108.00 35.08 16.52 Russia 12.09 92.00 0.30 19.00 42.25 47.50 14.64 Ukraine 6.77 21.50 0.06 2.70 7.70 17.12 3.50 Major Importers 6/ 172.25 206.12 133.35 50.89 320.40 15.13 176.18 Bangladesh 1.31 1.10 5.12 0.20 6.70 0.00 0.83 Brazil 1.18 10.60 4.68 0.55 11.95 2.69 1.82 China 136.76 137.72 13.28 33.00 148.00 0.95 138.82 Japan 1.18 1.06 5.45 0.75 6.25 0.29 1.14 N. Africa 7/ 12.31 17.24 29.12 1.67 46.42 0.77 11.48 Nigeria 0.62 0.11 4.73 0.00 4.70 0.40 0.36 Sel. Mideast 8/ 9.92 17.43 24.60 3.68 39.53 0.65 11.76 Southeast Asia 9/ 4.64 0.00 24.54 7.55 24.35 1.28 3.55 Selected Other India 19.50 104.00 0.05 6.50 108.68 5.38 9.50 Kazakhstan 1.49 16.40 3.00 1.80 6.75 10.87 3.27 United Kingdom 1.85 15.54 2.02 7.00 15.00 1.91 2.50 ================================================================================ WASDE - 646 - 19 March 2024 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Feb 271.21 785.74 209.89 160.46 797.52 210.69 259.44 Mar 271.10 786.70 211.21 162.06 798.98 212.13 258.83 World Less China Feb 132.40 649.15 197.89 123.46 644.02 209.79 126.43 Mar 132.28 650.11 200.21 125.06 645.48 211.23 126.82 United States Feb 15.50 49.31 3.95 3.27 31.14 19.73 17.90 Mar 15.50 49.31 3.95 3.27 31.14 19.32 18.30 Total Foreign Feb 255.71 736.43 205.95 157.19 766.38 190.96 241.54 Mar 255.60 737.39 207.27 158.80 767.84 192.81 240.52 Major Exporters 4/ Feb 46.76 321.35 13.19 76.20 183.90 156.50 40.90 Mar 46.61 322.40 14.23 76.90 184.60 158.00 40.65 Argentina Feb 4.07 15.50 0.01 0.20 6.70 10.50 2.38 Mar 4.07 15.90 0.05 0.20 6.70 10.50 2.82 Australia Feb 4.37 25.50 0.20 3.50 7.00 19.50 3.57 Mar 4.37 26.00 0.20 3.50 7.00 20.00 3.57 Canada Feb 3.66 31.95 0.60 3.50 8.70 24.00 3.51 Mar 3.51 31.95 0.60 3.50 8.70 24.00 3.37 European Union 5/ Feb 16.52 134.00 12.00 46.00 110.50 36.50 15.52 Mar 16.52 133.65 13.00 47.00 111.50 36.50 15.17 Russia Feb 14.64 91.00 0.30 20.00 43.00 51.00 11.94 Mar 14.64 91.50 0.30 20.00 43.00 51.00 12.44 Ukraine Feb 3.50 23.40 0.08 3.00 8.00 15.00 3.98 Mar 3.50 23.40 0.08 2.70 7.70 16.00 3.28 Major Importers 6/ Feb 176.18 207.54 129.92 54.87 327.69 16.80 169.16 Mar 176.18 207.54 130.32 55.52 328.54 17.10 168.41 Bangladesh Feb 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Mar 0.83 1.10 5.80 0.25 6.75 0.00 0.98 Brazil Feb 1.82 8.10 5.60 0.80 12.20 2.20 1.12 Mar 1.82 8.10 5.60 0.80 12.20 2.20 1.12 China Feb 138.82 136.59 12.00 37.00 153.50 0.90 133.01 Mar 138.82 136.59 11.00 37.00 153.50 0.90 132.01 Japan Feb 1.14 1.12 5.30 0.65 6.15 0.30 1.11 Mar 1.14 1.12 5.30 0.65 6.15 0.30 1.11 N. Africa 7/ Feb 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Mar 11.48 16.73 29.40 1.75 47.05 0.70 9.86 Nigeria Feb 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Mar 0.36 0.12 4.80 0.00 4.60 0.35 0.33 Sel. Mideast 8/ Feb 11.56 20.77 22.12 3.52 40.24 0.88 13.34 Mar 11.76 20.77 21.62 3.52 40.04 0.88 13.24 Southeast Asia 9/ Feb 3.75 0.00 25.20 7.10 24.15 1.12 3.68 Mar 3.55 0.00 26.90 7.75 25.20 1.12 4.13 India Feb 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Mar 9.50 110.55 0.25 6.75 111.00 0.30 9.00 Kazakhstan Feb 3.27 12.11 2.00 1.00 5.95 10.00 1.43 Mar 3.27 12.11 2.50 1.30 6.25 10.00 1.63 United Kingdom Feb 2.50 14.00 2.10 7.30 15.40 0.80 2.40 Mar 2.50 14.00 2.40 7.30 15.50 0.80 2.60 ================================================================================ WASDE - 646 - 20 March 2024 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 323.64 1500.50 230.11 906.29 1485.85 253.62 338.29 World Less China 115.95 1219.51 188.61 678.26 1165.63 253.61 128.35 United States 34.01 396.30 2.59 147.49 324.91 70.52 37.48 Total Foreign 289.63 1104.20 227.52 758.80 1160.94 183.10 300.82 Major Exporters 4/ 19.40 332.29 9.78 138.87 184.88 149.16 27.43 Argentina 2.05 58.64 0.01 12.02 17.84 40.22 2.63 Australia 2.98 19.22 0.00 5.89 7.76 10.83 3.61 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 10.63 13.41 32.93 8.84 Major Importers 5/ 36.21 248.14 138.72 285.13 369.55 15.34 38.17 European Union 6/ 14.51 154.84 21.30 117.48 158.27 13.76 18.62 Japan 1.63 0.24 16.51 13.09 16.82 0.00 1.56 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.16 28.95 40.50 60.61 69.30 0.69 6.63 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.21 30.90 17.31 41.11 49.48 0.64 3.30 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.69 280.99 41.50 228.03 320.23 0.01 209.94 2022/23 Est. World 3/ 338.29 1446.02 213.16 888.21 1452.96 220.29 331.36 World Less China 128.35 1161.52 180.54 658.96 1132.51 220.28 124.76 United States 37.48 356.45 3.25 142.41 315.00 45.04 37.14 Total Foreign 300.82 1089.57 209.90 745.80 1137.96 175.25 294.22 Major Exporters 4/ 27.43 329.40 4.50 137.01 185.18 145.91 30.24 Argentina 2.63 42.84 0.02 9.10 15.03 28.51 1.95 Australia 3.61 18.84 0.00 5.72 7.60 10.98 3.87 Brazil 4.50 141.60 1.95 67.55 81.69 54.32 12.04 Canada 3.71 30.54 2.18 17.11 24.76 7.95 3.72 Russia 1.85 44.13 0.10 23.68 33.15 10.62 2.32 Ukraine 8.84 33.93 0.02 6.70 9.16 29.92 3.71 Major Importers 5/ 38.17 229.79 136.17 273.64 356.50 13.08 34.55 European Union 6/ 18.62 133.04 25.46 111.61 151.33 11.11 14.68 Japan 1.56 0.24 16.45 13.11 16.80 0.00 1.45 Mexico 3.93 33.88 20.24 32.88 52.75 0.10 5.20 N. Afr & Mideast 7/ 6.63 31.31 33.13 55.67 63.65 1.07 6.35 Saudi Arabia 1.41 0.14 7.61 7.41 7.75 0.00 1.41 Southeast Asia 8/ 3.30 30.93 17.80 39.69 48.20 0.80 3.04 South Korea 2.07 0.16 11.23 9.04 11.55 0.00 1.91 Selected Other China 209.94 284.50 32.62 229.25 320.45 0.01 206.60 ================================================================================ WASDE - 646 - 21 March 2024 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Feb 330.09 1510.08 229.22 915.15 1491.70 240.92 348.47 Mar 331.36 1507.41 229.40 914.29 1492.63 243.15 346.14 World Less China Feb 123.36 1212.94 189.77 675.70 1161.00 240.89 135.87 Mar 124.76 1210.26 189.55 674.44 1161.53 243.12 133.67 United States Feb 37.14 402.89 2.63 147.65 325.12 59.54 57.99 Mar 37.14 402.89 2.60 147.64 324.99 59.69 57.94 Total Foreign Feb 292.95 1107.19 226.59 767.50 1166.58 181.38 290.48 Mar 294.22 1104.52 226.81 766.65 1167.64 183.46 288.19 Major Exporters 4/ Feb 29.02 331.04 5.20 139.55 189.05 151.31 24.91 Mar 30.24 330.30 5.31 139.87 189.15 153.86 22.84 Argentina Feb 1.95 63.28 0.02 11.61 17.77 45.50 1.97 Mar 1.95 64.28 0.02 11.61 17.77 46.50 1.97 Australia Feb 3.87 13.34 0.00 5.61 7.49 7.66 2.07 Mar 3.87 14.34 0.00 5.61 7.49 8.36 2.37 Brazil Feb 10.84 129.33 1.73 68.28 83.31 52.06 6.52 Mar 12.04 129.33 1.73 69.28 84.31 52.06 6.72 Canada Feb 3.72 27.16 3.25 17.06 25.00 5.93 3.19 Mar 3.72 27.16 3.28 17.11 25.15 5.78 3.22 Russia Feb 2.32 42.94 0.10 22.79 31.94 11.39 2.04 Mar 2.32 42.54 0.10 22.39 31.54 11.39 2.04 Ukraine Feb 3.71 37.62 0.02 6.81 9.31 25.37 6.68 Mar 3.71 36.62 0.02 6.81 9.31 26.87 4.18 Major Importers 5/ Feb 34.54 230.11 144.08 280.29 364.11 13.55 31.07 Mar 34.55 228.78 143.58 278.63 362.58 13.40 30.93 European Union 6/ Feb 14.68 134.78 25.10 110.15 150.25 10.66 13.65 Mar 14.68 134.78 24.10 109.15 149.25 10.66 13.65 Japan Feb 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mar 1.45 0.25 17.01 13.34 17.24 0.00 1.47 Mexico Feb 5.20 30.36 20.33 32.48 52.48 0.20 3.20 Mar 5.20 29.19 21.43 32.78 52.73 0.05 3.03 N. Afr & Mideast 7/ Feb 6.34 33.53 37.79 61.63 69.83 2.07 5.75 Mar 6.35 33.36 37.89 61.37 69.74 2.07 5.79 Saudi Arabia Feb 1.41 0.15 8.41 8.22 8.56 0.00 1.41 Mar 1.41 0.15 7.71 7.52 7.86 0.00 1.41 Southeast Asia 8/ Feb 3.04 30.81 18.86 40.40 48.95 0.61 3.13 Mar 3.04 30.81 19.06 40.60 49.15 0.61 3.13 South Korea Feb 1.91 0.16 11.91 9.54 12.03 0.00 1.95 Mar 1.91 0.16 11.71 9.34 11.83 0.00 1.95 China Feb 206.73 297.14 39.45 239.45 330.70 0.03 212.60 Mar 206.60 297.14 39.85 239.85 331.10 0.03 212.47 ================================================================================ WASDE - 646 - 22 March 2024 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 292.94 1215.97 184.45 743.28 1198.27 206.39 310.65 World Less China 87.24 943.42 162.56 534.28 907.27 206.38 101.51 United States 31.36 381.47 0.62 144.04 315.67 62.80 34.98 Total Foreign 261.59 834.50 183.83 599.25 882.60 143.58 275.67 Major Exporters 4/ 9.04 238.99 2.67 93.66 116.66 117.60 16.45 Argentina 1.18 49.50 0.01 10.10 14.20 34.69 1.80 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 6.86 12.66 3.65 1.95 Ukraine 0.83 42.13 0.02 7.20 8.20 26.98 7.80 Major Importers 5/ 21.60 136.78 94.26 165.82 222.25 6.92 23.47 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.55 19.74 60.00 81.70 6.03 11.39 Japan 1.39 0.01 15.00 11.70 15.04 0.00 1.36 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.21 30.85 16.13 40.10 48.25 0.64 3.29 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 310.65 1157.53 172.58 729.58 1166.56 180.19 301.62 World Less China 101.51 880.33 153.87 511.58 867.56 180.18 95.58 United States 34.98 346.74 0.98 139.37 305.95 42.20 34.55 Total Foreign 275.67 810.79 171.60 590.21 860.61 137.99 267.07 Major Exporters 4/ 16.45 232.93 1.39 90.90 116.20 115.92 18.64 Argentina 1.80 36.00 0.02 7.50 11.70 25.00 1.11 Brazil 3.97 137.00 1.30 63.50 76.50 54.30 11.47 Russia 0.93 15.83 0.05 8.90 10.00 5.90 0.91 South Africa 1.95 17.10 0.00 7.00 13.10 3.60 2.35 Ukraine 7.80 27.00 0.02 4.00 4.90 27.12 2.80 Major Importers 5/ 23.47 118.97 95.19 156.95 212.55 5.11 19.98 Egypt 1.56 7.44 6.22 11.20 13.70 0.00 1.51 European Union 6/ 11.39 52.40 23.15 55.00 75.50 4.21 7.23 Japan 1.36 0.01 14.93 11.70 15.00 0.00 1.30 Mexico 3.16 28.08 19.36 27.50 46.00 0.10 4.50 Southeast Asia 7/ 3.29 30.88 16.25 38.35 46.60 0.80 3.03 South Korea 2.06 0.09 11.10 9.00 11.35 0.00 1.90 Selected Other Canada 2.75 14.54 2.13 9.58 14.93 2.86 1.63 China 209.14 277.20 18.71 218.00 299.00 0.01 206.04 ================================================================================ WASDE - 646 - 23 March 2024 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Feb 300.25 1232.57 189.82 761.75 1210.76 200.82 322.06 Mar 301.62 1230.24 189.48 761.62 1212.24 202.27 319.63 World Less China Feb 94.21 943.73 166.82 536.75 904.76 200.80 110.20 Mar 95.58 941.40 166.48 536.62 906.24 202.25 107.76 United States Feb 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Mar 34.55 389.69 0.64 144.15 316.37 53.34 55.17 Total Foreign Feb 265.70 842.88 189.18 617.60 894.39 147.47 266.89 Mar 267.07 840.55 188.85 617.46 895.86 148.92 264.46 Major Exporters 4/ Feb 17.44 243.30 1.29 95.10 121.80 124.70 15.53 Mar 18.64 241.60 1.29 95.30 121.70 126.70 13.13 Argentina Feb 1.11 55.00 0.02 9.80 14.10 41.00 1.03 Mar 1.11 56.00 0.02 9.80 14.10 42.00 1.03 Brazil Feb 10.27 124.00 1.20 63.50 77.50 52.00 5.97 Mar 11.47 124.00 1.20 64.50 78.50 52.00 6.17 Russia Feb 0.91 17.00 0.05 10.50 11.60 5.30 1.06 Mar 0.91 16.60 0.05 10.10 11.20 5.30 1.06 South Africa Feb 2.35 16.80 0.00 7.30 13.60 3.40 2.15 Mar 2.35 15.50 0.00 6.90 12.90 2.90 2.05 Ukraine Feb 2.80 30.50 0.02 4.00 5.00 23.00 5.32 Mar 2.80 29.50 0.02 4.00 5.00 24.50 2.82 Major Importers 5/ Feb 19.98 123.24 100.95 164.70 221.05 5.01 18.11 Mar 19.98 122.24 100.95 164.00 220.35 4.86 17.96 Egypt Feb 1.51 7.20 8.50 13.30 15.80 0.00 1.41 Mar 1.51 7.20 8.50 13.30 15.80 0.00 1.41 European Union 6/ Feb 7.23 60.10 23.00 58.00 78.90 4.20 7.23 Mar 7.23 60.10 22.00 57.00 77.90 4.20 7.23 Japan Feb 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mar 1.30 0.01 15.50 12.00 15.50 0.00 1.31 Mexico Feb 4.50 25.00 19.60 27.70 46.30 0.20 2.60 Mar 4.50 24.00 20.60 28.00 46.60 0.05 2.45 Southeast Asia 7/ Feb 3.03 30.76 17.95 39.70 48.00 0.61 3.13 Mar 3.03 30.76 18.15 39.90 48.20 0.61 3.13 South Korea Feb 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Mar 1.90 0.09 11.60 9.30 11.65 0.00 1.94 Canada Feb 1.63 15.08 3.20 10.50 16.00 1.80 2.10 Mar 1.63 15.08 3.20 10.50 16.00 1.80 2.10 China Feb 206.04 288.84 23.00 225.00 306.00 0.02 211.86 Mar 206.04 288.84 23.00 225.00 306.00 0.02 211.86 ================================================================================ WASDE - 646 - 24 March 2024 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2021/22 World 3/ 187.47 513.10 54.45 517.80 56.90 182.76 World Less China 70.97 364.11 48.51 361.44 54.82 69.76 United States 1.39 6.07 1.20 4.74 2.65 1.26 Total Foreign 186.08 507.03 53.26 513.06 54.25 181.50 Major Exporters 4/ 47.22 197.74 1.76 158.75 43.91 44.06 Burma 1.31 12.40 0.00 10.50 2.34 0.88 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.79 9.32 0.01 3.90 4.82 2.40 Thailand 4.38 19.88 0.05 12.50 7.68 4.13 Vietnam 2.74 26.67 1.70 21.40 7.05 2.66 Major Importers 5/ 126.70 242.03 22.46 263.16 2.54 125.49 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.40 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.83 2.18 4.35 6.20 0.00 1.16 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.27 0.04 0.57 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 182.76 514.57 55.18 520.16 54.25 177.18 World Less China 69.76 368.63 50.79 365.16 52.52 70.58 United States 1.26 5.08 1.27 4.61 2.04 0.96 Total Foreign 181.50 509.49 53.91 515.55 52.21 176.22 Major Exporters 4/ 44.06 202.70 1.86 162.51 42.55 43.57 Burma 0.88 11.80 0.01 10.20 1.58 0.91 India 34.00 135.76 0.00 114.51 20.25 35.00 Pakistan 2.40 7.30 0.01 3.90 3.76 2.04 Thailand 4.13 20.91 0.05 12.50 8.74 3.85 Vietnam 2.66 26.94 1.80 21.40 8.23 1.77 Major Importers 5/ 125.49 238.73 23.40 263.94 2.16 121.51 China 113.00 145.95 4.38 154.99 1.74 106.60 European Union 6/ 0.91 1.34 2.31 3.35 0.39 0.81 Indonesia 2.90 34.00 3.50 35.70 0.00 4.70 Nigeria 2.05 5.36 2.28 7.50 0.00 2.18 Philippines 3.10 12.63 3.75 16.00 0.00 3.48 Sel. Mideast 7/ 1.16 2.01 4.46 6.35 0.00 1.27 Selected Other Brazil 0.90 6.82 1.00 7.00 1.20 0.52 C. Amer & Carib 8/ 0.57 1.54 1.96 3.38 0.05 0.64 Egypt 0.61 3.60 0.39 4.00 0.01 0.60 Japan 1.95 7.48 0.66 8.20 0.12 1.77 Mexico 0.14 0.14 0.78 0.98 0.00 0.09 South Korea 1.33 3.76 0.26 3.95 0.06 1.35 ================================================================================ WASDE - 646 - 25 March 2024 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Feb 176.35 513.74 49.23 522.90 51.62 167.18 Mar 177.18 515.39 50.07 522.87 52.58 169.70 World Less China Feb 69.75 369.12 47.13 372.98 49.62 65.78 Mar 70.58 370.77 47.97 372.95 50.58 68.30 United States Feb 0.96 6.93 1.37 5.14 2.76 1.35 Mar 0.96 6.93 1.37 5.14 2.79 1.32 Total Foreign Feb 175.38 506.80 47.87 517.75 48.85 165.83 Mar 176.22 508.46 48.71 517.72 49.79 168.38 Major Exporters 4/ Feb 42.37 199.95 1.51 165.60 38.70 39.53 Mar 43.57 201.95 1.71 165.80 39.50 41.93 Burma Feb 0.91 11.95 0.00 10.25 1.80 0.81 Mar 0.91 11.95 0.00 10.25 1.80 0.81 India Feb 35.00 132.00 0.00 118.00 16.00 33.00 Mar 35.00 134.00 0.00 118.00 16.00 35.00 Pakistan Feb 0.84 9.00 0.01 3.65 5.10 1.10 Mar 2.04 9.00 0.01 3.95 5.50 1.60 Thailand Feb 3.85 20.00 0.10 12.50 8.20 3.25 Mar 3.85 20.00 0.10 12.40 8.40 3.15 Vietnam Feb 1.77 27.00 1.40 21.20 7.60 1.37 Mar 1.77 27.00 1.60 21.20 7.80 1.37 Major Importers 5/ Feb 121.52 236.72 19.80 260.32 2.46 115.27 Mar 121.51 236.52 20.50 260.22 2.42 115.89 China Feb 106.60 144.62 2.10 149.92 2.00 101.40 Mar 106.60 144.62 2.10 149.92 2.00 101.40 European Union 6/ Feb 0.81 1.43 2.40 3.40 0.40 0.84 Mar 0.81 1.43 2.20 3.30 0.36 0.78 Indonesia Feb 4.70 33.50 2.90 36.00 0.00 5.10 Mar 4.70 33.50 3.50 36.10 0.00 5.60 Nigeria Feb 2.18 5.23 1.90 7.60 0.00 1.70 Mar 2.18 5.23 1.90 7.60 0.00 1.70 Philippines Feb 3.48 12.50 3.90 16.50 0.00 3.38 Mar 3.48 12.30 4.20 16.50 0.00 3.48 Sel. Mideast 7/ Feb 1.28 2.02 4.65 6.75 0.00 1.20 Mar 1.27 2.02 4.65 6.65 0.00 1.29 Brazil Feb 0.70 7.48 0.90 7.00 1.30 0.78 Mar 0.52 7.48 0.90 7.00 1.30 0.60 C. Amer & Carib 8/ Feb 0.64 1.52 1.82 3.31 0.04 0.64 Mar 0.64 1.52 1.77 3.26 0.03 0.63 Egypt Feb 0.60 3.78 0.35 4.10 0.01 0.63 Mar 0.60 3.78 0.35 4.10 0.01 0.63 Japan Feb 1.77 7.30 0.69 8.06 0.12 1.57 Mar 1.77 7.30 0.69 8.06 0.12 1.57 Mexico Feb 0.09 0.15 0.83 0.98 0.01 0.08 Mar 0.09 0.15 0.83 0.98 0.01 0.08 South Korea Feb 1.35 3.70 0.46 3.93 0.10 1.48 Mar 1.35 3.70 0.46 3.93 0.10 1.48 ================================================================================ WASDE - 646 - 26 March 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2021/22 World 77.67 114.49 42.96 116.11 43.19 -0.60 76.42 World Less China 40.38 87.69 35.12 82.36 43.07 -0.60 38.36 United States 3.15 17.52 0.01 2.55 14.48 -0.40 4.05 Total Foreign 74.52 96.96 42.96 113.56 28.71 -0.20 72.37 Major Exporters 4/ 25.73 54.43 1.70 34.28 24.46 -0.20 23.32 Central Asia 5/ 3.07 5.03 0.06 4.24 1.47 0.00 2.46 Afr. Fr. Zone 6/ 1.68 5.98 3/ 0.10 6.43 -0.01 1.14 S. Hemis. 7/ 8.77 18.71 0.19 4.38 12.47 -0.19 11.00 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 4.07 10.82 0.02 3.30 7.73 0.00 3.88 India 11.84 24.30 1.00 25.00 3.74 0.00 8.40 Major Importers 8/ 46.49 39.65 38.94 75.47 2.94 0.00 46.67 Mexico 0.44 1.22 0.96 1.90 0.40 0.00 0.32 China 37.29 26.80 7.84 33.75 0.12 0.00 38.06 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 1.76 3.80 5.52 8.60 0.57 0.00 1.92 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.45 8.80 0.00 0.00 2.28 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 76.42 116.26 37.69 111.16 36.96 -0.72 82.97 World Less China 38.36 85.56 31.46 73.66 36.87 -0.72 45.56 United States 4.05 14.47 3/ 2.05 12.77 -0.55 4.25 Total Foreign 72.37 101.79 37.69 109.11 24.20 -0.18 78.72 Major Exporters 4/ 23.32 55.83 2.40 31.94 19.92 -0.19 29.89 Central Asia 5/ 2.46 5.64 0.03 3.56 1.12 0.00 3.44 Afr. Fr. Zone 6/ 1.14 4.02 3/ 0.10 3.88 0.00 1.19 S. Hemis. 7/ 11.00 19.32 0.14 4.21 13.37 -0.19 13.08 Australia 4.96 5.80 3/ 0.01 6.17 -0.19 4.77 Brazil 3.88 11.72 0.01 3.20 6.66 0.00 5.76 India 8.40 26.30 1.73 23.50 1.10 0.00 11.82 Major Importers 8/ 46.67 42.88 32.86 73.52 3.01 0.02 45.87 Mexico 0.32 1.58 0.69 1.75 0.41 0.00 0.43 China 38.06 30.70 6.23 37.50 0.09 0.00 37.40 European Union 9/ 0.30 1.64 0.52 0.55 1.52 0.00 0.39 Turkey 1.92 4.90 4.19 7.50 0.86 0.02 2.63 Pakistan 1.93 3.90 4.50 8.70 0.10 0.00 1.53 Indonesia 0.46 3/ 1.66 1.75 0.02 0.00 0.36 Thailand 0.15 3/ 0.66 0.68 0.00 0.00 0.14 Bangladesh 2.28 0.15 7.00 7.70 0.00 0.00 1.73 Vietnam 1.02 3/ 6.47 6.45 0.00 0.00 1.05 ================================================================================ WASDE - 646 - 27 March 2024 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 Proj. World Feb 82.97 112.82 42.88 112.46 42.87 -0.36 83.70 Mar 82.97 112.96 43.23 112.94 43.26 -0.40 83.34 World Less China Feb 45.56 85.32 30.88 75.46 42.82 -0.36 43.84 Mar 45.56 85.46 30.33 75.44 43.21 -0.40 43.09 United States Feb 4.25 12.43 0.01 1.75 12.30 -0.16 2.80 Mar 4.25 12.10 0.01 1.75 12.30 -0.20 2.50 Total Foreign Feb 78.72 100.39 42.87 110.71 30.57 -0.20 80.90 Mar 78.72 100.86 43.23 111.19 30.96 -0.20 80.84 Major Exporters 4/ Feb 29.89 57.45 1.74 32.82 26.07 -0.20 30.39 Mar 29.89 57.91 1.73 33.13 26.36 -0.20 30.24 Central Asia 5/ Feb 3.44 5.18 0.08 3.99 1.38 0.00 3.34 Mar 3.44 5.24 0.08 4.00 1.32 0.00 3.45 Afr. Fr. Zone 6/ Feb 1.19 4.93 3/ 0.10 4.63 0.00 1.39 Mar 1.19 4.93 3/ 0.10 4.58 0.00 1.44 S. Hemis. 7/ Feb 13.08 21.86 0.17 4.36 18.14 -0.20 12.81 Mar 13.08 21.76 0.16 4.36 18.14 -0.20 12.70 Australia Feb 4.77 4.80 3/ 0.01 5.65 -0.20 4.11 Mar 4.77 4.80 3/ 0.01 5.75 -0.20 4.01 Brazil Feb 5.76 14.56 0.02 3.30 11.20 0.00 5.84 Mar 5.76 14.56 0.01 3.30 11.20 0.00 5.83 India Feb 11.82 25.00 1.00 23.70 1.60 0.00 12.52 Mar 11.82 25.50 1.00 24.00 2.00 0.00 12.32 Major Importers 8/ Feb 45.87 39.54 38.60 74.04 2.68 0.00 47.29 Mar 45.87 39.54 38.99 74.23 2.78 0.00 47.39 Mexico Feb 0.43 0.93 0.70 1.50 0.25 0.00 0.30 Mar 0.43 0.93 0.70 1.50 0.25 0.00 0.30 China Feb 37.40 27.50 12.00 37.00 0.05 0.00 39.85 Mar 37.40 27.50 12.90 37.50 0.05 0.00 40.25 European Union 9/ Feb 0.39 1.05 0.56 0.59 1.13 0.00 0.29 Mar 0.39 1.05 0.55 0.57 1.13 0.00 0.29 Turkey Feb 2.63 3.20 4.00 7.20 1.15 0.00 1.48 Mar 2.63 3.20 3.80 7.00 1.25 0.00 1.38 Pakistan Feb 1.53 6.70 3.60 9.80 0.08 0.00 1.95 Mar 1.53 6.70 3.40 9.80 0.08 0.00 1.75 Indonesia Feb 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Mar 0.36 3/ 2.00 1.90 0.02 0.00 0.45 Thailand Feb 0.14 3/ 0.53 0.53 0.00 0.00 0.14 Mar 0.14 3/ 0.50 0.50 0.00 0.00 0.14 Bangladesh Feb 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Mar 1.73 0.16 7.50 7.80 0.00 0.00 1.59 Vietnam Feb 1.05 3/ 6.80 6.80 0.00 0.00 1.05 Mar 1.05 3/ 6.80 6.80 0.00 0.00 1.05 ================================================================================ WASDE - 646 - 28 March 2024 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 98.27 360.41 155.31 316.60 365.84 154.22 93.93 World Less China 69.41 344.02 65.01 226.60 255.54 154.12 68.78 United States 6.99 121.50 0.43 59.98 62.89 58.57 7.47 Total Foreign 91.27 238.91 154.88 256.62 302.95 95.65 86.46 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.25 51.93 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 32.24 20.29 122.51 118.84 146.62 0.42 28.00 China 28.86 16.40 90.30 90.00 110.30 0.10 25.15 European Union 1.56 2.83 14.54 15.40 16.97 0.29 1.68 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.33 0.02 0.64 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 93.93 378.06 168.03 315.18 365.90 171.96 102.15 World Less China 68.78 357.77 63.53 219.18 248.40 171.87 69.81 United States 7.47 116.22 0.67 60.20 62.96 54.21 7.19 Total Foreign 86.46 261.83 167.36 254.98 302.95 117.75 94.96 Major Exporters 3/ 51.93 197.75 9.26 86.91 97.18 106.99 54.78 Argentina 23.90 25.00 9.06 30.32 36.57 4.19 17.21 Brazil 27.60 162.00 0.15 53.10 56.90 95.51 37.35 Paraguay 0.18 10.05 0.01 3.45 3.58 6.50 0.17 Major Importers 4/ 28.00 23.74 135.66 123.47 152.41 0.33 34.66 China 25.15 20.28 104.50 96.00 117.50 0.09 32.34 European Union 1.68 2.55 13.14 14.30 15.88 0.23 1.26 Southeast Asia 5/ 0.64 0.49 8.25 3.92 8.70 0.01 0.67 Mexico 0.30 0.18 6.44 6.65 6.70 0.00 0.22 2023/24 Proj. World 2/ Feb 103.57 398.21 167.85 329.29 383.03 170.57 116.03 Mar 102.15 396.85 170.78 328.19 381.90 173.61 114.27 World Less China Feb 69.78 377.37 65.85 231.29 262.53 170.47 80.00 Mar 69.81 376.01 65.78 230.19 261.40 173.51 76.69 United States Feb 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Mar 7.19 113.34 0.82 62.60 65.97 46.81 8.57 Total Foreign Feb 96.38 284.87 167.03 266.70 317.06 123.76 107.46 Mar 94.96 283.51 169.96 265.60 315.93 126.80 105.70 Major Exporters 3/ Feb 54.78 219.20 6.58 92.85 104.14 113.30 63.12 Mar 54.78 218.20 6.58 92.10 103.39 116.30 59.87 Argentina Feb 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Mar 17.21 50.00 6.10 35.50 42.75 4.60 25.96 Brazil Feb 37.35 156.00 0.45 53.75 57.50 100.00 36.30 Mar 37.35 155.00 0.45 53.00 56.75 103.00 33.05 Paraguay Feb 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Mar 0.17 10.30 0.02 3.50 3.65 6.30 0.54 Major Importers 4/ Feb 36.08 24.76 135.34 126.63 157.04 0.42 38.72 Mar 34.66 24.76 138.29 126.60 157.01 0.42 40.29 China Feb 33.79 20.84 102.00 98.00 120.50 0.10 36.03 Mar 32.34 20.84 105.00 98.00 120.50 0.10 37.58 European Union Feb 1.22 3.06 13.80 14.90 16.49 0.30 1.29 Mar 1.26 3.06 13.80 14.90 16.49 0.30 1.33 Southeast Asia 5/ Feb 0.67 0.47 9.64 4.63 9.81 0.02 0.95 Mar 0.67 0.47 9.59 4.59 9.78 0.01 0.94 Mexico Feb 0.22 0.14 6.40 6.48 6.54 0.00 0.22 Mar 0.22 0.14 6.40 6.48 6.54 0.00 0.22 ================================================================================ WASDE - 646 - 29 March 2024 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 16.30 248.42 67.15 246.12 68.83 16.92 World Less China 15.34 177.14 67.10 175.02 68.34 16.21 United States 0.31 47.01 0.59 35.34 12.28 0.28 Total Foreign 15.99 201.41 66.56 210.77 56.54 16.64 Major Exporters 3/ 6.95 76.39 0.79 29.30 47.74 7.10 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.47 39.31 0.01 19.70 20.21 3.88 India 0.19 6.80 0.65 6.27 0.94 0.42 Major Importers 4/ 2.00 22.60 38.39 59.60 1.12 2.28 European Union 0.56 12.17 16.54 27.84 0.76 0.66 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.18 3.47 18.33 21.28 0.33 1.37 China 0.96 71.28 0.06 71.10 0.48 0.71 2022/23 Est. World 2/ 16.92 247.82 62.67 246.50 67.21 13.70 World Less China 16.21 171.78 62.63 171.45 66.42 12.77 United States 0.28 47.62 0.57 34.84 13.30 0.34 Total Foreign 16.64 200.19 62.10 211.66 53.91 13.37 Major Exporters 3/ 7.10 73.03 0.10 30.33 43.96 5.95 Argentina 2.80 23.65 0.07 3.40 20.75 2.36 Brazil 3.88 41.14 0.01 20.30 21.34 3.39 India 0.42 8.24 0.03 6.63 1.87 0.20 Major Importers 4/ 2.28 21.57 36.54 57.82 0.98 1.58 European Union 0.66 11.30 16.01 26.79 0.74 0.44 Mexico 0.15 5.26 1.67 6.93 0.00 0.15 Southeast Asia 5/ 1.37 3.05 17.32 20.55 0.24 0.96 China 0.71 76.03 0.04 75.05 0.80 0.94 2023/24 Proj. World 2/ Feb 13.64 258.52 66.77 253.72 70.05 15.15 Mar 13.70 257.76 66.95 253.49 70.03 14.89 World Less China Feb 12.76 180.90 66.72 176.97 69.05 14.36 Mar 12.77 180.15 66.90 176.74 69.03 14.04 United States Feb 0.34 49.13 0.54 35.77 13.88 0.36 Mar 0.34 49.22 0.54 35.40 14.33 0.36 Total Foreign Feb 13.30 209.39 66.22 217.96 56.17 14.79 Mar 13.37 208.55 66.41 218.09 55.70 14.53 Major Exporters 3/ Feb 5.92 77.75 0.07 31.33 46.10 6.31 Mar 5.95 77.17 0.07 31.23 45.90 6.06 Argentina Feb 2.36 27.69 0.01 3.48 24.40 2.19 Mar 2.36 27.69 0.01 3.48 24.40 2.19 Brazil Feb 3.39 41.66 0.01 20.70 20.50 3.86 Mar 3.39 41.08 0.01 20.70 20.10 3.68 India Feb 0.17 8.40 0.05 7.16 1.20 0.27 Mar 0.20 8.40 0.05 7.05 1.40 0.20 Major Importers 4/ Feb 1.57 22.48 37.95 58.99 1.01 2.00 Mar 1.58 22.45 38.05 59.10 0.99 1.99 European Union Feb 0.44 11.77 15.80 26.84 0.70 0.46 Mar 0.44 11.77 15.80 26.84 0.70 0.46 Mexico Feb 0.15 5.12 2.05 7.13 0.00 0.19 Mar 0.15 5.12 2.05 7.13 0.00 0.19 Southeast Asia 5/ Feb 0.94 3.61 18.50 21.46 0.31 1.29 Mar 0.96 3.58 18.60 21.57 0.29 1.28 China Feb 0.88 77.62 0.05 76.75 1.00 0.79 Mar 0.94 77.62 0.05 76.75 1.00 0.85 ================================================================================ WASDE - 646 - 30 March 2024 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 5.59 59.65 11.53 59.61 12.32 4.82 World Less China 4.41 43.52 11.24 42.51 12.21 4.44 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.62 47.78 11.39 48.35 11.52 3.92 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.50 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.84 19.28 6.64 26.56 0.28 0.92 China 1.18 16.13 0.29 17.10 0.11 0.39 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.37 1.19 1.42 2.53 0.13 0.32 2022/23 Est. World 2/ 4.82 59.35 10.67 58.30 11.64 4.91 World Less China 4.44 42.15 10.28 41.30 11.53 4.03 United States 0.90 11.90 0.17 12.07 0.17 0.73 Total Foreign 3.92 47.46 10.50 46.23 11.47 4.18 Major Exporters 3/ 1.50 19.59 0.65 12.15 8.27 1.32 Argentina 0.52 5.99 0.00 2.05 4.14 0.33 Brazil 0.41 10.23 0.03 7.68 2.69 0.30 European Union 0.55 2.72 0.62 2.36 0.92 0.61 Major Importers 4/ 0.92 20.18 6.33 25.52 0.20 1.72 China 0.39 17.20 0.40 17.00 0.11 0.87 India 0.19 1.85 3.97 5.40 0.01 0.60 North Africa 5/ 0.32 0.86 1.29 2.16 0.08 0.23 2023/24 Proj. World 2/ Feb 4.94 61.89 10.75 60.72 11.52 5.34 Mar 4.91 61.68 10.78 60.86 11.50 5.01 World Less China Feb 4.02 44.33 10.35 43.02 11.32 4.35 Mar 4.03 44.12 10.38 43.06 11.30 4.18 United States Feb 0.73 12.26 0.20 12.34 0.14 0.72 Mar 0.73 12.26 0.20 12.34 0.14 0.72 Total Foreign Feb 4.21 49.63 10.54 48.39 11.38 4.62 Mar 4.18 49.43 10.58 48.52 11.37 4.29 Major Exporters 3/ Feb 1.32 20.86 0.43 13.25 8.10 1.25 Mar 1.32 20.72 0.43 13.25 8.10 1.10 Argentina Feb 0.33 7.01 0.00 2.25 4.75 0.34 Mar 0.33 7.01 0.00 2.25 4.80 0.29 Brazil Feb 0.30 10.35 0.03 8.43 1.85 0.40 Mar 0.30 10.21 0.03 8.43 1.75 0.36 European Union Feb 0.61 2.83 0.40 2.51 0.90 0.44 Mar 0.61 2.83 0.40 2.51 0.90 0.44 Major Importers 4/ Feb 1.77 20.79 5.87 26.18 0.28 1.97 Mar 1.72 20.79 5.87 26.28 0.28 1.82 China Feb 0.92 17.56 0.40 17.70 0.20 0.98 Mar 0.87 17.56 0.40 17.80 0.20 0.84 India Feb 0.60 1.89 3.30 5.15 0.02 0.62 Mar 0.60 1.89 3.30 5.15 0.02 0.62 North Africa 5/ Feb 0.24 1.01 1.44 2.34 0.05 0.30 Mar 0.23 1.01 1.44 2.34 0.05 0.29 ================================================================================ WASDE - 646 - 31 March 2024 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2022 Annual 28291 26996 55471 46207 5222 51999 107470 9117 226.4 2023 I 6821 7071 13937 11549 1349 13040 26977 2208 56.8 II 6710 6593 13348 11546 1410 13106 26454 2272 58.0 III 6621 6488 13151 11681 1355 13195 26346 2311 56.0 IV 6812 7149 14006 11611 1343 13090 27097 2352 55.5 Feb Est. 26963 27301 54442 46383 5455 52416 106858 9187 226.6 Mar Est. 26963 27301 54442 46387 5457 52431 106873 9142 226.4 2024 I* 6600 7160 13804 11600 1300 13043 26847 2258 57.0 II* 6685 6625 13355 11675 1310 13130 26485 2300 57.8 III* 6535 6765 13345 11850 1360 13355 26700 2345 56.4 IV* 6505 7360 13912 11750 1400 13290 27202 2390 56.1 FebProj. 26185 27880 54246 46775 5395 52740 106986 9305 228.2 MarProj. 26325 27910 54415 46875 5370 52818 107233 9293 227.3 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.92 54.83 124.5 170.8 315.9 21.93 II 179.02 56.69 139.3 156.2 135.8 19.30 III 184.27 69.27 115.3 132.5 135.8 19.37 IV 177.93 53.58 118.5 100.8 182.2 21.30 Feb Est. 175.54 58.59 124.4 140.1 192.4 20.48 Mar Est. 175.54 58.59 124.4 140.1 192.4 20.48 2024 I* 179.00 55.00 128.0 97.0 250.0 20.85 II* 183.00 65.00 131.0 105.0 160.0 21.10 III* 182.00 67.00 125.0 115.0 145.0 20.90 IV* 186.00 56.00 125.0 116.0 165.0 22.10 FebProj. 180.0 60.0 127.0 107.0 183.0 20.95 MarProj. 183.0 61.0 127.0 108.0 180.0 21.25 ================================================================================ WASDE - 646 - 32 March 2024 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2022 676 28359 3390 32425 3544 723 28157 59.1 2023 Est. Feb 723 27032 3727 31483 3038 644 27801 58.0 Mar 723 27032 3727 31483 3038 638 27807 58.1 2024 Proj. Feb 644 26253 4125 31022 2785 615 27622 57.4 Mar 638 26393 4175 31206 2785 615 27806 57.8 Pork 2022 446 27011 1344 28800 6345 504 21951 51.1 2023 Est. Feb 504 27316 1143 28963 6818 471 21674 50.2 Mar 504 27316 1143 28963 6818 471 21674 50.2 2024 Proj. Feb 471 27895 1195 29561 7080 475 22006 50.7 Mar 471 27925 1185 29582 7130 465 21987 50.6 TotalRed Meat5/ 2022 1147 55564 5092 61804 9895 1256 50653 111.6 2023 Est. Feb 1256 54535 5154 60945 9861 1136 49948 109.5 Mar 1256 54535 5154 60945 9861 1130 49954 109.5 2024 Proj. Feb 1136 54339 5625 61100 9870 1116 50114 109.3 Mar 1130 54508 5671 61309 9920 1101 50288 109.7 Broiler 2022 705 45713 176 46594 7290 892 38412 98.9 2023 Est. Feb 892 45886 131 46910 7265 845 38800 99.4 Mar 892 45890 131 46914 7265 835 38814 99.5 2024 Proj. Feb 845 46275 215 47334 7215 860 39259 100.1 Mar 835 46373 215 47423 7165 860 39398 100.4 Turkey 2022 166 5222 85 5473 407 190 4877 14.6 2023 Est. Feb 190 5455 43 5687 489 244 4954 14.8 Mar 190 5457 43 5689 489 243 4957 14.8 2024 Proj. Feb 244 5395 64 5703 515 195 4993 14.8 Mar 243 5370 51 5664 520 195 4949 14.7 Total Poultry6/ 2022 874 51504 268 52646 7716 1087 43843 115.2 2023 Est. Feb 1087 51920 178 53185 7774 1096 44315 115.9 Mar 1087 51934 178 53200 7774 1085 44341 115.9 2024 Proj. Feb 1096 52239 285 53620 7748 1061 44811 116.6 Mar 1085 52316 272 53673 7703 1061 44909 116.8 RedMeat& Poultry 2022 2021 107068 5361 114450 17611 2343 94496 226.8 2023 Est. Feb 2343 106455 5332 114130 17635 2232 94263 225.3 Mar 2343 106470 5332 114145 17635 2215 94295 225.4 2024 Proj. Feb 2232 106578 5910 114720 17618 2177 94925 225.9 Mar 2215 106824 5943 114982 17623 2162 95197 226.5 ================================================================================ WASDE - 646 - 33 March 2024 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Feb Mar Feb Mar ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 23.1 23.1 Production 9402.0 9116.6 9186.5 9142.4 9305.0 9293.0 Imports 18.2 26.0 27.6 27.6 26.0 26.0 Total Supply 9444.7 9161.7 9232.8 9188.7 9354.1 9342.1 Use Exports 392.1 226.5 250.4 250.4 241.0 241.0 Hatching Use 1103.9 1117.9 1111.8 1111.8 1125.0 1125.0 Ending Stocks 19.1 18.8 23.1 23.1 22.0 22.0 Disappearance Total 7929.5 7798.6 7847.6 7803.4 7966.1 7954.1 Per Capita (number) 286.3 280.5 280.9 279.3 283.7 283.3 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023 Est. 2023 Est. 2024Proj. 2024Proj. Commodity Feb Mar Feb Mar ================================================================================ Billion Pounds Milk Production 226.2 226.4 226.6 226.4 228.2 227.3 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 13.8 13.8 Marketings 225.2 225.4 225.6 225.4 227.2 226.3 Imports 6.5 7.1 7.4 7.4 7.4 7.7 Total Supply 247.4 246.8 247.3 247.1 248.3 247.7 FatBasisUse Exports 11.5 13.4 10.6 10.6 11.7 11.1 Ending Stocks 14.3 14.4 13.8 13.8 12.0 11.9 Domestic Use 221.5 219.1 223.0 222.8 224.7 224.7 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 9.9 9.9 Marketings 225.2 225.4 225.6 225.4 227.2 226.3 Imports 5.8 6.7 6.3 6.3 6.4 6.7 Total Supply 241.9 243.2 243.5 243.3 243.5 242.8 Skim-solidBasisUse Exports 50.6 52.9 49.9 49.9 51.9 50.0 Ending Stocks 11.1 11.7 9.9 9.9 9.5 9.4 Domestic Use 180.1 178.7 183.7 183.5 182.0 183.4 ================================================================================ WASDE - 646 - 34 March 2024 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Est. 2023 Est. 2024 Proj. 2024 Proj. ity Feb Mar Feb Mar ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.7593 1.7593 1.690 1.710 Butter 1.7325 2.8665 2.6170 2.6170 2.770 2.800 Nonfat Dry Milk 1.2693 1.6851 1.1856 1.1856 1.235 1.210 Dry Whey 0.5744 0.6057 0.3618 0.3618 0.480 0.450 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 17.02 17.02 17.10 17.15 Class IV 16.09 24.47 19.12 19.12 20.20 20.10 All Milk 3/ 18.53 25.34 20.48 20.48 20.95 21.25 ================================================================================ WASDE - 646 - 35 March 2024 Reliability of March Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 0.5 0.9 2.3 0.0 8.0 31 11 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.0 2.3 0.1 8.0 31 11 Exports World 4.2 7.0 4.4 0.0 17.0 34 8 U.S. 3.1 5.2 0.8 0.0 2.4 22 19 Foreign 5.1 8.5 4.2 0.1 16.0 32 10 Domestic Use World 0.9 1.5 4.4 0.2 12.2 18 24 U.S. 3.7 6.2 0.9 0.0 2.4 15 27 Foreign 0.9 1.5 4.2 0.1 11.5 23 19 Ending Stocks World 4.1 6.9 5.7 0.2 14.1 29 13 U.S. 7.9 13.3 1.1 0.0 4.5 27 15 Foreign 4.4 7.4 5.0 0.0 13.5 28 13 COARSE GRAINS 2/ Production World 1.2 2.0 10.5 0.5 35.1 35 7 U.S. 0.2 0.3 0.2 0.0 1.8 17 11 Foreign 1.7 2.8 10.6 0.5 35.1 35 7 Exports World 5.1 8.5 5.3 0.0 24.2 29 13 U.S. 8.2 13.8 3.4 0.0 9.1 20 22 Foreign 8.2 13.8 5.2 0.1 21.5 28 14 Domestic Use World 0.9 1.6 7.1 0.1 24.2 24 18 U.S. 2.8 4.7 3.9 0.2 17.3 16 26 Foreign 1.1 1.9 7.0 0.4 24.6 28 14 Ending Stocks World 10.1 16.9 13.5 0.6 143.8 37 5 U.S. 13.2 22.2 4.5 0.1 15.3 24 18 Foreign 12.3 20.8 11.4 0.5 142.1 38 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 31 11 U.S. 1.2 2.0 0.0 0.0 0.2 11 6 Foreign 1.3 2.2 3.5 0.1 13.8 31 11 Exports World 7.9 13.3 1.6 0.1 5.3 32 10 U.S. 7.1 11.9 0.2 0.0 0.5 20 19 Foreign 8.8 14.9 1.6 0.1 4.9 31 11 Domestic Use World 1.1 1.9 3.3 0.2 13.9 28 14 U.S. 6.9 11.6 0.2 0.0 0.5 17 24 Foreign 1.1 1.9 3.2 0.2 13.5 28 14 Ending Stocks World 8.3 14.0 4.9 0.5 25.8 29 13 U.S. 18.4 30.9 0.2 0.0 0.4 22 18 Foreign 8.6 14.5 5.0 0.3 25.7 29 13 ================================================================================ WASDE - 646 - 36 March 2024 Reliability of March Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 2.2 3.6 3.4 0.1 12.4 22 20 U.S. 1.3 2.3 0.7 0.0 3.2 18 17 Foreign 3.6 6.0 3.3 0.1 12.6 23 19 Exports World 5.4 9.2 3.0 0.0 12.8 27 14 U.S. 6.3 10.7 1.7 0.1 6.7 29 13 Foreign 14.0 23.6 2.8 0.1 16.8 20 22 Domestic Use World 2.0 3.4 3.1 0.0 11.4 20 22 U.S. 2.9 4.9 1.1 0.0 3.0 26 15 Foreign 2.4 4.0 2.6 0.1 12.8 19 23 Ending Stocks World 12.8 21.6 4.0 0.1 16.4 23 19 U.S. 39.2 66.0 2.0 0.1 7.2 13 29 Foreign 13.7 23.1 3.6 0.1 17.1 28 14 COTTON Production World 1.8 3.0 1.4 0.0 5.2 25 15 U.S. 1.0 1.6 0.1 0.0 0.3 14 27 Foreign 2.2 3.7 1.4 0.0 5.3 25 16 Exports World 5.3 8.9 1.4 0.0 6.5 22 19 U.S. 6.4 10.8 0.5 0.0 1.7 19 22 Foreign 6.9 11.6 1.2 0.0 5.8 24 18 Domestic Use World 3.3 5.6 2.0 0.0 16.1 21 21 U.S. 7.2 12.0 0.2 0.0 0.9 20 19 Foreign 4.1 6.8 2.2 0.1 15.3 22 20 Ending Stocks World 8.7 14.7 3.6 0.2 16.2 25 17 U.S. 17.7 29.8 0.6 0.0 2.2 15 27 Foreign 9.4 15.8 3.5 0.0 14.0 27 15 ================================================================================ WASDE - 646 - 37 March 2024 Reliability of United States March Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 0.2 0.3 6 0 72 1 6 Exports 8.4 14.2 122 13 310 19 23 Domestic Use 2.7 4.6 137 9 474 17 25 Ending Stocks 14.7 24.8 173 3 713 25 17 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.3 24.0 25 0 90 26 14 Domestic Use 15.3 25.8 30 1 178 17 25 Ending Stocks 40.4 68.1 22 1 148 16 26 BARLEY Production 0.9 1.6 1 0 11 21 4 Exports 29.5 49.6 5 0 20 14 24 Domestic Use 7.1 12.0 14 0 70 19 21 Ending Stocks 14.5 24.5 13 1 53 25 17 OATS Production 0.4 0.7 0 0 2 5 4 Exports 33.3 56.1 1 0 3 7 6 Domestic Use 5.2 8.8 10 0 36 15 26 Ending Stocks 16.6 28.0 11 0 47 25 16 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.9 881 46 2917 29 13 Exports 8.6 14.5 608 1 2426 33 9 Domestic Use 2.5 4.2 583 41 2066 28 14 Ending Stocks 33.8 56.9 65 0 253 17 23 Million Pounds SOYBEAN OIL Production 2.8 4.7 406 7 1173 30 12 Exports 20.4 34.3 273 0 877 25 16 Domestic Use 2.4 4.0 317 9 760 26 16 Ending Stocks 17.7 29.7 256 17 721 24 18 ANIMAL PROD. 3/ Million Pounds Beef 2.5 4.3 532 77 1613 26 15 Pork 2.8 4.7 362 5 1667 23 18 Broilers 1.6 2.7 373 16 1501 23 18 Turkeys 3.0 5.1 125 3 447 18 23 Million Dozen Eggs 1.9 3.1 101 3 534 23 18 Billion Pounds Milk 1.3 2.1 1.6 0.1 5.2 23 18 ================================================================================