WASDE - 577 - 8 May 2018 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/ 2016/17 2606.07 3231.03 428.77 2577.25 653.78 2017/18 (Est.) 2563.30 3217.07 420.19 2580.12 636.95 2018/19 (Proj.) Apr NA NA NA NA NA May 2578.35 3215.31 434.58 2620.85 594.46 Wheat 2016/17 750.49 994.73 183.28 738.84 255.89 2017/18 (Est.) 758.38 1014.27 182.05 743.81 270.46 2018/19 (Proj.) Apr NA NA NA NA NA May 747.76 1018.22 188.43 753.89 264.33 Coarse Grains 5/ 2016/17 1368.92 1616.87 198.25 1355.76 261.11 2017/18 (Est.) 1316.69 1577.80 189.73 1355.12 222.68 2018/19 (Proj.) Apr NA NA NA NA NA May 1341.10 1563.77 196.85 1378.33 185.45 Rice, milled 2016/17 486.67 619.43 47.24 482.66 136.78 2017/18 (Est.) 488.23 625.01 48.41 481.19 143.81 2018/19 (Proj.) Apr NA NA NA NA NA May 489.50 633.31 49.30 488.63 144.68 United States Total Grains 4/ 2016/17 472.56 556.09 96.92 363.41 95.76 2017/18 (Est.) 437.29 541.33 90.73 362.47 88.14 2018/19 (Proj.) Apr NA NA NA NA NA May 425.82 522.01 86.06 363.83 72.12 Wheat 2016/17 62.83 92.60 28.72 31.75 32.13 2017/18 (Est.) 47.37 83.72 24.77 29.83 29.13 2018/19 (Proj.) Apr NA NA NA NA NA May 49.57 82.37 25.17 31.22 25.98 Coarse Grains 5/ 2016/17 402.61 454.15 64.50 327.48 62.17 2017/18 (Est.) 384.26 449.67 62.91 328.83 57.92 2018/19 (Proj.) Apr NA NA NA NA NA May 369.80 431.27 57.68 328.74 44.85 Rice, milled 2016/17 7.12 9.34 3.70 4.17 1.46 2017/18 (Est.) 5.66 7.95 3.05 3.81 1.09 2018/19 (Proj.) Apr NA NA NA NA NA May 6.45 8.37 3.21 3.87 1.29 ================================================================================ WASDE - 577 - 9 May 2018 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/ 2016/17 2133.51 2674.94 331.85 2213.84 558.02 2017/18 (Est.) 2126.01 2675.74 329.47 2217.65 548.82 2018/19 (Proj.) Apr NA NA NA NA NA May 2152.53 2693.30 348.52 2257.01 522.35 Wheat 2016/17 687.66 902.13 154.56 707.08 223.76 2017/18 (Est.) 711.01 930.55 157.29 713.98 241.34 2018/19 (Proj.) Apr NA NA NA NA NA May 698.19 935.85 163.26 722.67 238.35 Coarse Grains 5/ 2016/17 966.30 1162.71 133.75 1028.27 198.94 2017/18 (Est.) 932.43 1128.13 126.82 1026.29 164.75 2018/19 (Proj.) Apr NA NA NA NA NA May 971.30 1132.50 139.17 1049.59 140.59 Rice, milled 2016/17 479.55 610.10 43.54 478.49 135.31 2017/18 (Est.) 482.57 617.06 45.36 477.38 142.73 2018/19 (Proj.) Apr NA NA NA NA NA May 483.05 624.95 46.09 484.76 143.40 ================================================================================ 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 2016/17 106.66 201.66 37.38 114.76 86.92 2017/18 (Est.) 122.43 209.35 39.38 120.74 88.21 2018/19 (Proj.) Apr NA NA NA NA NA May 121.19 209.39 41.12 125.44 83.75 United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 15.50 3.35 4.70 2018/19 (Proj.) Apr NA NA NA NA NA May 19.50 24.21 15.50 3.40 5.20 Foreign 4/ 2016/17 89.49 180.68 22.46 111.51 84.17 2017/18 (Est.) 101.51 185.67 23.88 117.39 83.51 2018/19 (Proj.) Apr NA NA NA NA NA May 101.69 185.19 25.62 122.04 78.55 ================================================================================ WASDE - 577 - 10 May 2018 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 2016/17 576.11 668.23 170.63 470.03 110.12 2017/18 (Est.) 572.79 682.91 175.13 489.50 107.08 2018/19 (Proj.) Apr NA NA NA NA NA May 593.72 700.80 186.35 509.38 100.05 Oilmeals 2016/17 321.49 338.59 88.19 318.63 16.62 2017/18 (Est.) 334.69 351.30 88.72 332.54 14.78 2018/19 (Proj.) Apr NA NA NA NA NA May 348.48 363.26 90.38 345.21 14.71 Vegetable Oils 2016/17 189.29 210.64 81.13 184.11 20.28 2017/18 (Est.) 198.62 218.90 81.14 191.51 21.44 2018/19 (Proj.) Apr NA NA NA NA NA May 206.21 227.65 83.71 198.63 23.43 United States Oilseeds 2016/17 126.93 135.30 60.28 56.26 9.60 2017/18 (Est.) 131.03 142.06 57.46 58.50 16.47 2018/19 (Proj.) Apr NA NA NA NA NA May 127.29 145.18 63.46 58.88 13.15 Oilmeals 2016/17 43.11 47.31 10.83 36.07 0.41 2017/18 (Est.) 45.14 49.31 11.88 37.10 0.33 2018/19 (Proj.) Apr NA NA NA NA NA May 45.42 49.54 11.61 37.60 0.33 Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.73 17.93 1.30 15.31 1.32 2018/19 (Proj.) Apr NA NA NA NA NA May 11.90 18.33 1.21 15.84 1.28 Foreign 3/ Oilseeds 2016/17 449.18 532.93 110.35 413.77 100.52 2017/18 (Est.) 441.75 540.86 117.67 431.00 90.61 2018/19 (Proj.) Apr NA NA NA NA NA May 466.43 555.63 122.89 450.50 86.91 Oilmeals 2016/17 278.37 291.28 77.36 282.56 16.21 2017/18 (Est.) 289.55 302.00 76.84 295.44 14.45 2018/19 (Proj.) Apr NA NA NA NA NA May 303.07 313.73 78.76 307.62 14.38 Vegetable Oils 2016/17 177.86 193.27 79.71 169.39 19.05 2017/18 (Est.) 186.90 200.97 79.84 176.19 20.12 2018/19 (Proj.) Apr NA NA NA NA NA May 194.32 209.32 82.50 182.79 22.15 ================================================================================ WASDE - 577 - 11 May 2018 U.S. Wheat Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Acres Area Planted 50.1 46.0 NA 47.3* Area Harvested 43.9 37.6 NA 38.9* Bushels Yield per Harvested Acre 52.7 46.3 NA 46.8* Million Bushels Beginning Stocks 976 1181 NA 1070 Production 2309 1741 NA 1821 Imports 118 155 NA 135 Supply, Total 3402 3076 NA 3027 Food 949 963 NA 965 Seed 61 63 NA 62 Feed and Residual 156 70 NA 120 Domestic, Total 1167 1096 NA 1147 Exports 1055 910 NA 925 Use, Total 2222 2006 NA 2072 Ending Stocks 1181 1070 NA 955 Avg.FarmPrice ($/bu) 2/ 3.89 4.70 NA 4.50-5.50 ================================================================================ 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 2017/18 (Est.) Beginning Stocks 589 235 215 105 36 1181 Production 750 385 292 258 55 1741 Supply, Total 3/ 1347 694 523 371 141 3076 Domestic Use 436 269 211 96 85 1096 Exports 360 230 90 205 25 910 Use, Total 796 499 301 301 110 2006 Ending Stocks, Total May 551 195 223 71 31 1070 Apr 545 190 225 66 38 1064 ================================================================================ WASDE - 577 - 12 May 2018 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 106.6 100.9 NA 99.0* Area Harvested 96.5 90.5 NA 88.8* Metric Tons Yield per Harvested Acre 4.17 4.24 NA 4.16 Million Metric Tons Beginning Stocks 48.1 62.1 NA 57.9 Production 402.3 384.0 NA 369.5 Imports 3.3 3.0 NA 3.3 Supply, Total 453.6 449.2 NA 430.8 Feed and Residual 144.6 143.8 NA 140.5 Food, Seed & Industrial 182.4 184.6 NA 187.8 Domestic, Total 327.0 328.4 NA 328.2 Exports 64.5 62.9 NA 57.7 Use, Total 391.5 391.3 NA 385.9 Ending Stocks 62.1 57.9 NA 44.8 Million Acres CORN Area Planted 94.0 90.2 NA 88.0* Area Harvested 86.7 82.7 NA 80.7* Bushels Yield per Harvested Acre 174.6 176.6 NA 174.0* Million Bushels Beginning Stocks 1737 2293 NA 2182 Production 15148 14604 NA 14040 Imports 57 50 NA 50 Supply, Total 16942 16947 NA 16272 Feed and Residual 5472 5500 NA 5375 Food,Seed& Industrial 2/ 6883 7040 NA 7115 Ethanol & by-products 3/ 5432 5575 NA 5625 Domestic, Total 12356 12540 NA 12490 Exports 2293 2225 NA 2100 Use, Total 14649 14765 NA 14590 Ending Stocks 2293 2182 NA 1682 Avg.FarmPrice ($/bu) 4/ 3.36 3.25-3.55 NA 3.30-4.30 ================================================================================ WASDE - 577 - 13 May 2018 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.7 5.6 NA 5.9* AreaHarvested(mil.acres) 6.2 5.0 NA 5.1* Yield (bushels/acre) 77.9 72.1 NA 67.3* Beginning Stocks 37 33 NA 29 Production 480 364 NA 343 Imports 2 2 NA 0 Supply, Total 519 399 NA 372 Feed and Residual 130 80 NA 80 Food, Seed & Industrial 115 45 NA 100 Total Domestic 245 125 NA 180 Exports 241 245 NA 165 Use, Total 485 370 NA 345 Ending Stocks 33 29 NA 27 Avg.FarmPrice ($/bu) 2/ 2.79 3.10-3.30 NA 3.10-4.10 BARLEY AreaPlanted (mil. acres) 3.1 2.5 NA 2.3* AreaHarvested(mil.acres) 2.6 2.0 NA 2.0* Yield (bushels/acre) 77.9 72.6 NA 73.5* Beginning Stocks 102 106 NA 65 Production 200 142 NA 147 Imports 10 10 NA 20 Supply, Total 312 258 NA 232 Feed and Residual 39 25 NA 25 Food, Seed & Industrial 162 162 NA 155 Total Domestic 201 187 NA 180 Exports 4 6 NA 5 Use, Total 205 193 NA 185 Ending Stocks 106 65 NA 47 Avg.FarmPrice ($/bu) 2/ 4.96 4.50 NA 4.00-5.20 OATS AreaPlanted (mil. acres) 2.8 2.6 NA 2.7* AreaHarvested(mil.acres) 1.0 0.8 NA 1.0* Yield (bushels/acre) 66.0 61.7 NA 66.0* Beginning Stocks 57 50 NA 21 Production 65 49 NA 66 Imports 90 87 NA 95 Supply, Total 212 187 NA 182 Feed and Residual 82 85 NA 75 Food, Seed & Industrial 76 78 NA 79 Total Domestic 158 163 NA 154 Exports 3 3 NA 2 Use, Total 162 166 NA 156 Ending Stocks 50 21 NA 26 Avg.FarmPrice ($/bu) 2/ 2.06 2.55 NA 2.55-3.15 ================================================================================ WASDE - 577 - 14 May 2018 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Acres TOTAL Area Planted 3.15 2.46 NA 2.69* Area Harvested 3.10 2.37 NA 2.67* Pounds Yield per Harvested Acre 7237 7507 NA 7610* Million Hundredweight Beginning Stocks 2/ 46.5 46.0 NA 34.3 Production 224.1 178.2 NA 203.2 Imports 23.5 26.0 NA 26.0 Supply, Total 294.1 250.3 NA 263.5 Domestic & Residual 3/ 131.4 120.0 NA 122.0 Exports, Total 4/ 116.7 96.0 NA 101.0 Rough 42.5 31.0 NA 34.0 Milled (rough equiv.) 74.2 65.0 NA 67.0 Use, Total 248.0 216.0 NA 223.0 Ending Stocks 46.0 34.3 NA 40.5 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 10.40 12.40-12.80 NA 11.90-12.90 LONG GRAIN Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6927 7314 Beginning Stocks 22.7 31.0 NA 20.4 Production 166.5 127.9 NA 150.2 Supply, Total 7/ 209.4 181.4 NA 193.1 Domestic & Residual 3/ 99.7 92.0 NA 95.0 Exports 8/ 78.7 69.0 NA 72.0 Use, Total 178.4 161.0 NA 167.0 Ending Stocks 31.0 20.4 NA 26.1 Avg.FarmPrice($/cwt) 6/ 9.61 11.60-11.80 NA 11.00-12.00 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8311 8048 Beginning Stocks 20.9 11.5 NA 10.4 Production 57.7 50.4 NA 53.0 Supply, Total 7/ 81.1 65.4 NA 66.9 Domestic & Residual 3/ 31.7 28.0 NA 27.0 Exports 8/ 37.9 27.0 NA 29.0 Use, Total 69.6 55.0 NA 56.0 Ending Stocks 11.5 10.4 NA 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 14.90-15.50 NA 14.70-15.70 California 10/ 14.10 16.20-17.00 NA 16.50-17.50 Other States 1/ 10.10 11.90-12.10 NA 11.20-12.20 ================================================================================ WASDE - 577 - 15 May 2018 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 83.4 90.1 NA 89.0* Area Harvested 82.7 89.5 NA 88.2* Bushels Yield per Harvested Acre 52.0 49.1 NA 48.5* Million Bushels Beginning Stocks 197 302 NA 530 Production 4296 4392 NA 4280 Imports 22 25 NA 25 Supply, Total 4515 4718 NA 4835 Crushings 1901 1990 NA 1995 Exports 2174 2065 NA 2290 Seed 105 103 NA 103 Residual 34 30 NA 32 Use, Total 4213 4188 NA 4420 Ending Stocks 302 530 NA 415 Avg.FarmPrice ($/bu) 2/ 9.47 9.35 NA 8.75-11.25 Million Pounds SOYBEAN OIL Beginning Stocks 1687 1711 NA 1896 Production 4/ 22123 22885 NA 23040 Imports 319 300 NA 300 Supply, Total 24129 24896 NA 25236 Domestic Disappearance 19862 20700 NA 21300 Biodiesel 3/ 6200 6800 NA 7300 Food, Feed & other Industrial 13661 13900 NA 14000 Exports 2556 2300 NA 2100 Use, Total 22418 23000 NA 23400 Ending stocks 1711 1896 NA 1836 Avg. Price (c/lb) 2/ 32.48 30.50 NA 29.50-33.50 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 264 401 NA 300 Production 4/ 44787 47099 NA 47250 Imports 349 500 NA 350 Supply, Total 45400 48000 NA 47900 Domestic Disappearance 33399 35000 NA 35200 Exports 11601 12700 NA 12400 Use, Total 45000 47700 NA 47600 Ending Stocks 401 300 NA 300 Avg. Price ($/s.t.) 2/ 316.88 360.00 NA 330.00-370.00 ================================================================================ WASDE - 577 - 16 May 2018 U.S. Sugar Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2017/18 Est. 2018/19 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2054 1876 1876 1901 Production 2/ 8969 9140 9252 8981 Beet Sugar 5103 5139 5221 5036 Cane Sugar 3866 4001 4031 3945 Florida 2055 1973 1998 2085 Hawaii 43 0 0 0 Louisiana 1628 1859 1859 1680 Texas 140 170 175 180 Imports 3244 3472 3422 3365 TRQ 3/ 1611 1788 1788 1355 Other Program 4/ 419 400 350 350 Other 5/ 1213 1284 1284 1660 Mexico 1201 1269 1269 1645 Total Supply 14267 14489 14551 14247 Exports 95 150 170 50 Deliveries 12258 12480 12480 12655 Food 6/ 12102 12325 12325 12500 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12391 12630 12650 12705 Ending Stocks 1876 1859 1901 1542 Stocks to Use Ratio 15.1 14.7 15.0 12.1 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Raw Value Sugar 2017/18 Est. Apr 1002 6050 170 4886 1347 989 May 1002 5970 190 4727 1192 1243 2018/19 Proj. Apr NA NA NA NA NA NA May 1243 6025 84 4952 1418 983 ================================================================================ WASDE - 577 - 17 May 2018 U.S. Cotton Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item Apr May ================================================================================ Million Acres Planted 10.07 12.61 NA 13.47* Harvested 9.51 11.10 NA 11.13* Pounds Yield per Harvested Acre 867 905 NA 841* Million 480 Pound Bales Beginning Stocks 3.80 2.75 NA 4.70 Production 17.17 20.92 NA 19.50 Imports 0.01 0.01 NA 0.01 Supply, Total 20.98 23.68 NA 24.21 Domestic Use 3.25 3.35 NA 3.40 Exports, Total 14.92 15.50 NA 15.50 Use, Total 18.17 18.85 NA 18.90 Unaccounted 2/ 0.06 0.13 NA 0.11 Ending Stocks 2.75 4.70 NA 5.20 Avg. Farm Price 3/ 68.0 67.00-69.00 NA 55.00-75.00 ================================================================================ WASDE - 577 - 18 May 2018 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2016/17 World 3/ 244.24 750.49 179.14 146.77 738.84 183.28 255.89 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 217.69 687.66 175.93 142.51 707.09 154.56 223.76 Major Exporters 4/ 25.41 226.27 5.94 65.80 151.33 83.95 22.34 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 30.36 0.14 3.90 7.35 22.64 4.37 Canada 5.18 32.14 0.50 5.85 10.83 20.16 6.84 European Union 5/ 15.56 145.37 5.29 56.00 128.00 27.32 10.89 Major Importers 6/ 142.30 199.07 96.41 36.17 277.35 5.48 154.95 Brazil 1.00 6.73 7.35 0.80 12.20 0.62 2.26 China 97.04 128.85 4.41 16.50 118.50 0.75 111.05 Sel. Mideast 7/ 16.68 19.14 18.11 4.44 37.75 0.53 15.65 N. Africa 8/ 16.63 14.08 28.36 2.35 44.55 0.57 13.95 Pakistan 3.82 25.63 0.00 0.80 24.50 0.60 4.35 Southeast Asia 9/ 5.19 0.00 26.91 9.89 25.47 1.02 5.61 Selected Other India 14.54 87.00 5.90 4.70 97.12 0.52 9.80 FSU-12 16.79 130.09 7.34 27.62 78.65 54.42 21.15 Russia 5.61 72.53 0.50 17.00 40.00 27.81 10.83 Kazakhstan 2.60 14.99 0.08 2.10 6.90 7.40 3.36 Ukraine 3.35 26.79 0.04 3.60 10.30 18.11 1.77 2017/18 Est. World 3/ 255.89 758.38 181.35 145.35 743.81 182.05 270.46 United States 32.13 47.37 4.22 1.91 29.83 24.77 29.13 Total Foreign 223.76 711.01 177.14 143.45 713.98 157.29 241.34 Major Exporters 4/ 22.34 221.08 6.16 65.75 151.90 74.80 22.88 Argentina 0.25 18.00 0.01 0.05 5.20 12.80 0.25 Australia 4.37 21.50 0.15 3.40 6.80 15.00 4.22 Canada 6.84 30.00 0.50 3.80 9.00 23.00 5.34 European Union 5/ 10.89 151.58 5.50 58.50 130.90 24.00 13.07 Major Importers 6/ 154.95 202.68 94.83 32.42 278.37 6.46 167.64 Brazil 2.26 4.26 7.10 0.50 12.00 0.30 1.32 China 111.05 129.77 4.00 13.50 117.00 1.00 126.82 Sel. Mideast 7/ 15.65 18.33 18.25 4.98 38.96 0.81 12.47 N. Africa 8/ 13.95 19.25 26.85 2.25 45.08 0.82 14.16 Pakistan 4.35 26.67 0.03 1.00 25.00 1.20 4.86 Southeast Asia 9/ 5.61 0.00 27.40 9.14 26.09 1.07 5.85 Selected Other India 9.80 98.51 1.17 5.00 97.31 0.41 11.75 FSU-12 21.15 142.20 8.19 32.41 84.01 66.33 21.20 Russia 10.83 84.99 0.40 21.50 45.00 39.50 11.72 Kazakhstan 3.36 14.80 0.06 2.10 6.90 8.50 2.83 Ukraine 1.77 26.98 0.05 3.50 9.90 17.20 1.70 ================================================================================ WASDE - 577 - 19 May 2018 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 ================================================================================ 2018/19 Proj. World 3/ Apr NA NA NA NA NA NA NA May 270.46 747.76 184.86 145.59 753.89 188.43 264.33 United States Apr NA NA NA NA NA NA NA May 29.13 49.57 3.67 3.27 31.22 25.17 25.98 Total Foreign Apr NA NA NA NA NA NA NA May 241.34 698.19 181.18 142.32 722.67 163.26 238.35 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 22.88 226.40 6.16 65.40 151.60 83.70 20.14 Argentina Apr NA NA NA NA NA NA NA May 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Australia Apr NA NA NA NA NA NA NA May 4.22 24.00 0.15 3.80 7.20 17.00 4.17 Canada Apr NA NA NA NA NA NA NA May 5.34 32.50 0.50 4.50 9.60 23.50 5.24 European Union 5/ Apr NA NA NA NA NA NA NA May 13.07 150.40 5.50 57.00 129.50 29.00 10.47 Major Importers 6/ Apr NA NA NA NA NA NA NA May 167.64 203.49 95.74 34.32 284.01 6.68 176.18 Brazil Apr NA NA NA NA NA NA NA May 1.32 4.90 7.50 0.60 12.20 0.30 1.22 China Apr NA NA NA NA NA NA NA May 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 12.47 18.86 18.74 4.78 39.10 1.14 9.83 N. Africa 8/ Apr NA NA NA NA NA NA NA May 14.16 21.10 26.28 2.25 45.78 0.69 15.07 Pakistan Apr NA NA NA NA NA NA NA May 4.86 25.50 0.03 1.20 25.30 1.00 4.09 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 5.85 0.00 27.90 9.44 27.24 1.09 5.42 India Apr NA NA NA NA NA NA NA May 11.75 95.00 2.00 5.00 98.00 0.40 10.35 FSU-12 Apr NA NA NA NA NA NA NA May 21.20 127.44 8.72 29.63 80.91 62.63 13.82 Russia Apr NA NA NA NA NA NA NA May 11.72 72.00 0.50 19.00 42.00 36.50 5.72 Kazakhstan Apr NA NA NA NA NA NA NA May 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Ukraine Apr NA NA NA NA NA NA NA May 1.70 26.50 0.03 3.40 9.60 17.00 1.63 ================================================================================ WASDE - 577 - 20 May 2018 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 ================================================================================ 2016/17 World 3/ 247.95 1368.92 173.00 800.16 1355.76 198.25 261.11 United States 48.11 402.61 3.43 144.75 327.48 64.50 62.17 Total Foreign 199.84 966.30 169.57 655.41 1028.27 133.75 198.94 Major Exporters 4/ 17.96 211.51 2.66 89.96 122.12 77.75 32.26 Argentina 3.18 48.57 0.00 10.77 16.04 29.11 6.60 Australia 1.50 16.63 0.00 4.29 6.16 10.01 1.96 Brazil 7.01 101.58 1.55 53.45 64.03 31.61 14.49 Canada 4.97 26.62 0.94 14.22 22.08 4.81 5.64 Major Importers 5/ 45.05 241.06 120.99 275.48 358.00 11.03 38.06 European Union 6/ 15.58 152.82 15.83 119.87 160.84 8.07 15.31 Japan 1.76 0.17 17.00 13.25 17.25 0.00 1.68 Mexico 5.89 33.26 15.24 27.95 46.85 1.54 6.01 N. Afr & Mideast 7/ 10.51 24.90 34.14 54.80 62.60 0.16 6.80 Saudi Arabia 4.40 0.25 11.52 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.67 35.05 42.93 1.27 3.17 South Korea 1.95 0.20 9.32 7.25 9.62 0.00 1.85 Selected Other China 112.09 226.87 16.06 173.90 252.95 0.11 101.95 FSU-12 6.25 92.74 0.76 41.04 56.36 36.58 6.81 Russia 1.66 40.77 0.28 22.48 32.08 8.56 2.07 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. World 3/ 261.11 1316.69 184.82 813.39 1355.12 189.73 222.68 United States 62.17 384.26 3.24 143.86 328.83 62.91 57.92 Total Foreign 198.94 932.43 181.58 669.53 1026.29 126.82 164.75 Major Exporters 4/ 32.26 180.63 2.37 89.04 120.92 71.81 22.54 Argentina 6.60 39.79 0.01 8.89 14.22 27.71 4.47 Australia 1.96 10.90 0.00 2.99 4.86 6.93 1.07 Brazil 14.49 89.79 0.95 55.01 65.46 30.02 9.76 Canada 5.64 26.21 1.26 15.69 23.45 5.05 4.61 Major Importers 5/ 38.06 245.35 131.62 283.75 367.54 10.79 36.71 European Union 6/ 15.31 153.08 17.26 119.90 161.52 8.51 15.62 Japan 1.68 0.19 16.77 13.12 17.11 0.00 1.53 Mexico 6.01 32.63 17.33 30.09 49.10 1.30 5.56 N. Afr & Mideast 7/ 6.80 29.41 39.34 60.06 68.05 0.12 7.38 Saudi Arabia 2.56 0.36 12.60 13.14 13.70 0.00 1.82 Southeast Asia 8/ 3.17 29.43 14.42 35.76 43.66 0.87 2.49 South Korea 1.85 0.20 9.82 7.55 10.05 0.00 1.82 Selected Other China 101.95 223.39 17.20 179.32 262.18 0.08 80.28 FSU-12 6.81 88.90 0.72 38.70 53.79 37.10 5.54 Russia 2.07 41.71 0.11 22.27 31.82 10.27 1.82 Ukraine 3.00 34.07 0.03 6.69 10.00 25.11 1.99 ================================================================================ WASDE - 577 - 21 May 2018 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 ================================================================================ 2018/19 Proj. World 3/ Apr NA NA NA NA NA NA NA May 222.68 1341.10 190.79 828.26 1378.33 196.85 185.45 United States Apr NA NA NA NA NA NA NA May 57.92 369.80 3.55 140.61 328.74 57.68 44.85 Total Foreign Apr NA NA NA NA NA NA NA May 164.75 971.30 187.24 687.65 1049.59 139.17 140.59 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 22.54 203.20 2.00 93.78 126.78 77.06 23.90 Argentina Apr NA NA NA NA NA NA NA May 4.47 48.55 0.01 10.90 16.55 30.01 6.47 Australia Apr NA NA NA NA NA NA NA May 1.07 13.76 0.00 2.89 4.74 9.03 1.07 Brazil Apr NA NA NA NA NA NA NA May 9.76 98.96 1.25 57.54 68.99 31.02 9.96 Canada Apr NA NA NA NA NA NA NA May 4.61 27.38 0.61 15.78 23.24 4.80 4.56 Major Importers 5/ Apr NA NA NA NA NA NA NA May 36.71 246.59 137.14 291.92 376.61 11.27 32.57 European Union 6/ Apr NA NA NA NA NA NA NA May 15.62 154.44 16.56 120.80 163.07 8.81 14.74 Japan Apr NA NA NA NA NA NA NA May 1.53 0.19 17.57 13.92 17.91 0.00 1.37 Mexico Apr NA NA NA NA NA NA NA May 5.56 31.89 18.81 32.02 51.24 1.50 3.52 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 7.38 30.07 40.06 62.30 70.26 0.20 7.05 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 2.49 29.39 17.20 37.65 45.65 0.77 2.67 South Korea Apr NA NA NA NA NA NA NA May 1.82 0.20 9.84 7.55 10.05 0.00 1.80 China Apr NA NA NA NA NA NA NA May 80.28 232.81 16.10 181.75 267.83 0.07 61.29 FSU-12 Apr NA NA NA NA NA NA NA May 5.54 97.07 0.67 40.03 55.01 43.10 5.16 Russia Apr NA NA NA NA NA NA NA May 1.82 44.93 0.16 22.58 32.13 13.06 1.72 Ukraine Apr NA NA NA NA NA NA NA May 1.99 38.75 0.04 7.28 10.49 28.21 2.07 ================================================================================ WASDE - 577 - 22 May 2018 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2016/17 World 3/ 209.97 1078.31 135.73 632.91 1060.76 159.68 227.53 United States 44.12 384.78 1.45 139.01 313.86 58.24 58.25 Total Foreign 165.84 693.54 134.28 493.90 746.90 101.44 169.27 Major Exporters 4/ 9.32 157.05 0.87 65.63 84.83 59.79 22.63 Argentina 1.46 41.00 0.00 7.50 11.20 25.99 5.28 Brazil 6.77 98.50 0.85 51.00 60.50 31.60 14.02 South Africa 1.10 17.55 0.01 7.13 13.13 2.20 3.33 Major Importers 5/ 22.40 124.80 80.62 147.96 201.01 4.98 21.83 Egypt 2.22 6.00 8.77 12.70 15.10 0.01 1.89 European Union 6/ 6.72 61.74 15.24 55.00 74.00 2.17 7.53 Japan 1.35 0.00 15.17 11.60 15.20 0.00 1.32 Mexico 5.21 27.58 14.57 22.50 40.40 1.54 5.42 Southeast Asia 7/ 4.30 29.35 13.48 34.90 42.70 1.26 3.16 South Korea 1.94 0.08 9.23 7.21 9.41 0.00 1.83 Selected Other 0.00 Canada 2.45 13.89 0.85 7.50 13.10 1.52 2.57 China 110.77 219.55 2.46 162.00 232.00 0.08 100.71 FSU-12 2.60 47.79 0.35 17.67 20.51 27.15 3.08 Ukraine 1.39 27.97 0.03 5.10 6.50 21.33 1.55 2017/18 Est. World 3/ 227.53 1036.66 145.83 648.66 1069.34 151.10 194.85 United States 58.25 370.96 1.27 139.71 318.53 56.52 55.44 Total Foreign 169.27 665.70 144.56 508.95 750.81 94.59 139.41 Major Exporters 4/ 22.63 133.50 0.41 64.90 84.10 57.10 15.34 Argentina 5.28 33.00 0.01 6.00 9.80 25.00 3.48 Brazil 14.02 87.00 0.40 52.50 62.00 30.00 9.42 South Africa 3.33 13.50 0.01 6.40 12.30 2.10 2.44 Major Importers 5/ 21.83 124.82 85.00 152.90 206.75 4.17 20.73 Egypt 1.89 6.40 9.40 13.40 15.90 0.01 1.78 European Union 6/ 7.53 62.10 16.50 56.50 76.00 2.00 8.13 Japan 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico 5.42 26.80 16.20 24.30 42.30 1.30 4.82 Southeast Asia 7/ 3.16 29.38 14.20 35.60 43.40 0.86 2.48 South Korea 1.83 0.08 9.70 7.50 9.80 0.00 1.81 Selected Other 0.00 Canada 2.57 14.10 1.20 8.60 14.20 1.30 2.37 China 100.71 215.89 4.00 167.00 241.00 0.05 79.55 FSU-12 3.08 42.04 0.45 15.27 18.06 25.26 2.25 Ukraine 1.55 24.12 0.03 3.50 4.80 20.00 0.89 ================================================================================ WASDE - 577 - 23 May 2018 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 ================================================================================ 2018/19 Proj. World 3/ Apr NA NA NA NA NA NA NA May 194.85 1056.07 153.01 665.56 1091.77 158.02 159.15 United States Apr NA NA NA NA NA NA NA May 55.44 356.63 1.27 136.53 317.26 53.34 42.73 Total Foreign Apr NA NA NA NA NA NA NA May 139.41 699.43 151.74 529.03 774.51 104.68 116.41 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 15.34 151.00 0.71 69.60 90.10 60.20 16.74 Argentina Apr NA NA NA NA NA NA NA May 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Brazil Apr NA NA NA NA NA NA NA May 9.42 96.00 0.70 55.00 65.50 31.00 9.62 South Africa Apr NA NA NA NA NA NA NA May 2.44 14.00 0.00 6.60 12.60 2.20 1.64 Major Importers 5/ Apr NA NA NA NA NA NA NA May 20.73 122.89 88.10 155.70 210.35 3.77 17.60 Egypt Apr NA NA NA NA NA NA NA May 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ Apr NA NA NA NA NA NA NA May 8.13 61.00 16.00 56.50 76.50 1.50 7.13 Japan Apr NA NA NA NA NA NA NA May 1.22 0.00 15.00 11.50 15.10 0.00 1.12 Mexico Apr NA NA NA NA NA NA NA May 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 2.48 29.34 17.00 37.50 45.40 0.76 2.66 South Korea Apr NA NA NA NA NA NA NA May 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Canada Apr NA NA NA NA NA NA NA May 2.37 15.30 0.50 8.80 14.20 1.55 2.42 China Apr NA NA NA NA NA NA NA May 79.55 225.00 5.00 172.00 249.00 0.05 60.50 FSU-12 Apr NA NA NA NA NA NA NA May 2.25 53.50 0.41 18.97 21.86 31.85 2.44 Ukraine Apr NA NA NA NA NA NA NA May 0.89 30.00 0.03 4.50 5.80 24.00 1.11 ================================================================================ WASDE - 577 - 24 May 2018 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 ================================================================================ 2016/17 World 3/ 132.76 486.67 41.38 482.66 47.24 136.78 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.29 479.55 40.64 478.49 43.54 135.31 Major Exporters 4/ 29.48 163.15 0.76 132.88 33.39 27.12 India 18.40 109.70 0.00 95.78 11.77 20.55 Pakistan 1.12 6.85 0.01 3.10 3.52 1.37 Thailand 8.40 19.20 0.25 12.00 11.62 4.24 Vietnam 1.56 27.40 0.50 22.00 6.49 0.97 Major Importers 5/ 10.01 65.90 11.93 77.61 1.18 9.05 Brazil 0.31 8.38 0.64 8.00 0.83 0.50 European Union 6/ 1.18 2.08 1.84 3.60 0.32 1.18 Indonesia 3.51 36.86 0.35 37.80 0.00 2.92 Nigeria 1.53 3.78 2.50 6.55 0.00 1.26 Philippines 2.11 11.69 1.10 12.90 0.00 2.00 Sel. Mideast 7/ 0.86 1.78 3.87 5.63 0.00 0.88 Selected Other 0.00 Burma 1.24 12.65 0.01 10.00 3.35 0.55 C. Amer & Carib 8/ 0.50 1.67 1.79 3.36 0.04 0.56 China 78.50 144.95 5.30 141.45 0.81 86.50 Egypt 0.92 4.80 0.10 4.30 0.10 1.43 Japan 2.55 7.78 0.71 8.50 0.05 2.49 Mexico 0.13 0.18 0.87 0.92 0.09 0.17 South Korea 1.83 4.20 0.41 4.71 0.00 1.73 2017/18 Est. World 3/ 136.78 488.23 48.72 481.19 48.41 143.81 United States 1.46 5.66 0.83 3.81 3.05 1.09 Total Foreign 135.31 482.57 47.89 477.38 45.36 142.73 Major Exporters 4/ 27.12 166.45 0.65 133.92 34.50 25.80 India 20.55 110.00 0.00 97.35 13.20 20.00 Pakistan 1.37 7.50 0.00 3.40 4.00 1.47 Thailand 4.24 20.37 0.25 11.17 10.50 3.19 Vietnam 0.97 28.58 0.40 22.00 6.80 1.15 Major Importers 5/ 9.05 66.50 13.90 78.60 1.03 9.82 Brazil 0.50 8.08 0.70 8.10 0.70 0.48 European Union 6/ 1.18 2.04 1.90 3.65 0.30 1.17 Indonesia 2.92 37.00 1.80 38.00 0.00 3.71 Nigeria 1.26 3.78 2.60 6.70 0.00 0.94 Philippines 2.00 12.30 1.40 13.20 0.00 2.50 Sel. Mideast 7/ 0.88 1.93 3.65 5.70 0.00 0.76 Selected Other 0.00 Burma 0.55 13.20 0.01 9.90 3.50 0.36 C. Amer & Carib 8/ 0.56 1.67 1.87 3.45 0.04 0.60 China 86.50 145.99 5.50 142.70 1.30 93.99 Egypt 1.43 4.30 0.05 4.40 0.05 1.33 Japan 2.49 7.59 0.69 8.45 0.05 2.26 Mexico 0.17 0.19 0.86 0.92 0.09 0.21 South Korea 1.73 3.97 0.41 4.87 0.01 1.23 ================================================================================ WASDE - 577 - 25 May 2018 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 ================================================================================ 2018/19 Proj. World 3/ Apr NA NA NA NA NA NA May 143.81 489.50 46.37 488.63 49.30 144.68 United States Apr NA NA NA NA NA NA May 1.09 6.45 0.83 3.87 3.21 1.29 Total Foreign Apr NA NA NA NA NA NA May 142.73 483.05 45.54 484.76 46.09 143.40 Major Exporters 4/ Apr NA NA NA NA NA NA May 25.80 166.08 0.65 133.70 34.80 24.03 India Apr NA NA NA NA NA NA May 20.00 109.00 0.00 98.00 13.00 18.00 Pakistan Apr NA NA NA NA NA NA May 1.47 7.40 0.00 3.50 4.00 1.37 Thailand Apr NA NA NA NA NA NA May 3.19 21.00 0.25 10.00 11.00 3.44 Vietnam Apr NA NA NA NA NA NA May 1.15 28.68 0.40 22.20 6.80 1.22 Major Importers 5/ Apr NA NA NA NA NA NA May 9.82 66.73 13.80 79.42 1.03 9.89 Brazil Apr NA NA NA NA NA NA May 0.48 8.02 0.70 8.15 0.70 0.35 European Union 6/ Apr NA NA NA NA NA NA May 1.17 2.00 2.00 3.70 0.30 1.17 Indonesia Apr NA NA NA NA NA NA May 3.71 37.30 1.20 38.20 0.00 4.01 Nigeria Apr NA NA NA NA NA NA May 0.94 3.78 3.00 6.90 0.00 0.82 Philippines Apr NA NA NA NA NA NA May 2.50 12.35 1.10 13.40 0.00 2.55 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.76 1.82 3.85 5.73 0.00 0.70 Burma Apr NA NA NA NA NA NA May 0.36 13.40 0.01 9.90 3.50 0.37 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.60 1.72 1.94 3.59 0.03 0.64 China Apr NA NA NA NA NA NA May 93.99 144.50 5.50 145.00 1.70 97.29 Egypt Apr NA NA NA NA NA NA May 1.33 3.30 0.20 4.20 0.02 0.61 Japan Apr NA NA NA NA NA NA May 2.26 7.60 0.69 8.40 0.05 2.10 Mexico Apr NA NA NA NA NA NA May 0.21 0.21 0.88 0.94 0.09 0.27 South Korea Apr NA NA NA NA NA NA May 1.23 3.85 0.41 4.50 0.01 0.98 ================================================================================ WASDE - 577 - 26 May 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2016/17 World 95.00 106.66 37.56 114.76 37.38 0.16 86.92 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.20 89.49 37.55 111.51 22.46 0.10 84.17 Major Exporters 4/ 22.66 50.69 3.63 31.98 19.25 0.01 25.75 Central Asia 5/ 2.35 5.99 3/ 2.89 3.02 0.00 2.43 Afr. Fr. Zone 6/ 1.36 5.09 3/ 0.14 4.38 0.01 1.92 S. Hemis 7/ 8.77 12.25 0.37 4.29 7.05 -0.02 10.06 Australia 1.88 4.05 3/ 0.04 3.73 -0.03 2.19 Brazil 5.71 7.02 0.19 3.20 2.79 0.00 6.93 India 9.94 27.00 2.74 24.00 4.55 0.00 11.13 Major Importers 8/ 66.83 35.86 31.78 75.57 2.04 0.09 56.78 Mexico 0.61 0.77 1.00 1.75 0.15 0.03 0.45 China 58.20 22.75 5.03 37.50 0.06 0.00 48.42 European Union 9/ 0.30 1.31 0.70 0.72 1.33 0.00 0.27 Turkey 1.53 3.20 3.68 6.50 0.33 0.00 1.58 Pakistan 2.62 7.70 2.40 10.30 0.13 0.03 2.27 Indonesia 0.53 0.01 3.39 3.30 0.01 0.00 0.62 Thailand 0.20 3/ 1.23 1.20 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.70 6.70 0.00 0.01 1.66 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. World 86.92 122.43 39.23 120.74 39.38 0.25 88.21 United States 2.75 20.92 0.01 3.35 15.50 0.13 4.70 Total Foreign 84.17 101.51 39.22 117.39 23.88 0.12 83.51 Major Exporters 4/ 25.75 55.57 2.41 32.75 20.46 0.02 30.50 Central Asia 5/ 2.43 6.47 3/ 3.31 2.83 0.00 2.77 Afr. Fr. Zone 6/ 1.92 5.16 3/ 0.14 4.38 0.00 2.57 S. Hemis 7/ 10.06 14.98 0.21 4.47 8.47 0.01 12.30 Australia 2.19 4.80 3/ 0.04 3.90 0.00 3.06 Brazil 6.93 8.70 0.05 3.40 4.20 0.00 8.08 India 11.13 28.50 1.70 24.20 4.50 0.00 12.63 Major Importers 8/ 56.78 42.94 34.36 80.60 2.30 0.10 51.08 Mexico 0.45 1.56 1.00 1.85 0.33 0.03 0.80 China 48.42 27.50 5.10 40.00 0.05 0.00 40.97 European Union 9/ 0.27 1.54 0.72 0.74 1.41 0.01 0.38 Turkey 1.58 4.00 3.95 7.20 0.35 0.00 1.98 Pakistan 2.27 8.20 2.90 10.40 0.16 0.03 2.78 Indonesia 0.62 3/ 3.40 3.40 0.01 0.00 0.62 Thailand 0.20 3/ 1.05 1.05 0.00 0.03 0.18 Bangladesh 1.66 0.14 7.40 7.30 0.00 0.01 1.88 Vietnam 0.88 3/ 6.80 6.60 0.00 0.00 1.09 ================================================================================ WASDE - 577 - 27 May 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2018/19 Proj. World Apr NA NA NA NA NA NA NA May 88.21 121.19 41.12 125.44 41.12 0.22 83.75 United States Apr NA NA NA NA NA NA NA May 4.70 19.50 0.01 3.40 15.50 0.11 5.20 Total Foreign Apr NA NA NA NA NA NA NA May 83.51 101.69 41.12 122.04 25.62 0.11 78.55 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 30.50 55.24 2.14 34.20 21.69 0.02 31.97 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.77 6.52 3/ 3.66 2.57 0.00 3.06 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 2.57 5.21 3/ 0.14 4.73 0.00 2.91 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 12.30 14.46 0.22 4.54 9.85 0.01 12.59 Australia Apr NA NA NA NA NA NA NA May 3.06 4.00 3/ 0.04 4.50 0.00 2.52 Brazil Apr NA NA NA NA NA NA NA May 8.08 8.80 0.08 3.45 4.80 0.00 8.70 India Apr NA NA NA NA NA NA NA May 12.63 28.50 1.50 25.20 4.25 0.00 13.18 Major Importers 8/ Apr NA NA NA NA NA NA NA May 51.08 43.40 36.52 83.78 2.69 0.09 44.45 Mexico Apr NA NA NA NA NA NA NA May 0.80 1.60 0.90 1.85 0.55 0.03 0.88 China Apr NA NA NA NA NA NA NA May 40.97 27.00 7.00 41.50 0.05 0.00 33.42 European Union 9/ Apr NA NA NA NA NA NA NA May 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Turkey Apr NA NA NA NA NA NA NA May 1.98 4.30 3.60 7.40 0.35 0.00 2.13 Pakistan Apr NA NA NA NA NA NA NA May 2.78 8.80 2.10 10.50 0.25 0.03 2.91 Indonesia Apr NA NA NA NA NA NA NA May 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand Apr NA NA NA NA NA NA NA May 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Bangladesh Apr NA NA NA NA NA NA NA May 1.88 0.14 7.90 7.80 0.00 0.01 2.11 Vietnam Apr NA NA NA NA NA NA NA May 1.09 3/ 7.70 7.40 0.00 0.00 1.39 ================================================================================ WASDE - 577 - 28 May 2018 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2016/17 World 2/ 78.39 350.34 144.32 287.81 329.12 147.54 96.39 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 73.03 233.42 143.72 236.06 273.61 88.39 88.18 Major Exporters 3/ 50.24 185.44 1.94 88.03 96.03 79.51 62.09 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.10 0.25 40.90 44.30 63.14 25.47 Paraguay 0.03 10.20 0.01 3.75 3.81 6.13 0.30 Major Importers 4/ 19.76 16.79 122.61 113.10 135.87 0.39 22.91 China 16.91 12.90 93.50 88.00 102.80 0.11 20.39 European Union 1.56 2.41 13.42 14.40 16.04 0.22 1.13 Japan 0.26 0.24 3.18 2.39 3.46 0.00 0.22 Mexico 0.15 0.52 4.13 4.60 4.64 0.00 0.16 2017/18 Est. World 2/ 96.39 336.70 152.63 299.39 342.29 151.26 92.16 United States 8.21 119.52 0.68 54.16 57.78 56.20 14.43 Total Foreign 88.18 217.18 151.95 245.23 284.52 95.06 77.73 Major Exporters 3/ 62.09 167.70 3.31 87.50 95.72 85.40 51.98 Argentina 36.22 39.00 3.10 40.73 45.35 4.20 28.78 Brazil 25.47 117.00 0.20 43.00 46.50 73.30 22.87 Paraguay 0.30 10.00 0.01 3.70 3.78 6.25 0.28 Major Importers 4/ 22.91 18.24 127.45 121.21 145.25 0.48 22.86 China 20.39 14.20 97.00 95.00 110.80 0.15 20.64 European Union 1.13 2.67 14.10 14.90 16.55 0.28 1.07 Japan 0.22 0.25 3.25 2.35 3.50 0.00 0.21 Mexico 0.16 0.43 4.40 4.87 4.91 0.00 0.09 2018/19 Proj. World 2/ Apr NA NA NA NA NA NA NA May 92.16 354.54 159.54 313.34 357.72 161.82 86.70 United States Apr NA NA NA NA NA NA NA May 14.43 116.48 0.68 54.30 57.98 62.32 11.29 Total Foreign Apr NA NA NA NA NA NA NA May 77.73 238.06 158.86 259.04 299.75 99.50 75.41 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 51.98 185.80 2.26 91.23 99.83 89.12 51.09 Argentina Apr NA NA NA NA NA NA NA May 28.78 56.00 1.85 44.00 48.94 8.00 29.69 Brazil Apr NA NA NA NA NA NA NA May 22.87 117.00 0.40 43.20 46.77 72.30 21.20 Paraguay Apr NA NA NA NA NA NA NA May 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ Apr NA NA NA NA NA NA NA May 22.86 18.27 134.29 128.51 153.39 0.50 21.52 China Apr NA NA NA NA NA NA NA May 20.64 14.10 103.00 102.00 118.40 0.15 19.19 European Union Apr NA NA NA NA NA NA NA May 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Japan Apr NA NA NA NA NA NA NA May 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Mexico Apr NA NA NA NA NA NA NA May 0.09 0.49 4.65 5.05 5.09 0.00 0.14 ================================================================================ WASDE - 577 - 29 May 2018 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2016/17 World 2/ 13.21 225.87 60.53 222.02 64.50 13.09 United States 0.24 40.63 0.32 30.30 10.52 0.36 Total Foreign 12.97 185.24 60.21 191.72 53.97 12.73 Major Exporters 3/ 7.07 72.14 0.05 24.65 47.10 7.51 Argentina 4.23 33.28 0.00 2.85 31.32 3.34 Brazil 2.71 31.66 0.04 16.94 13.76 3.70 India 0.13 7.20 0.01 4.86 2.01 0.47 Major Importers 4/ 2.11 16.08 36.60 52.48 0.53 1.77 European Union 0.83 11.38 18.92 30.34 0.33 0.46 Southeast Asia 5/ 1.18 2.90 16.06 18.72 0.20 1.22 2017/18 Est. World 2/ 13.09 235.31 60.88 232.90 64.81 11.57 United States 0.36 42.73 0.45 31.75 11.52 0.27 Total Foreign 12.73 192.58 60.42 201.15 53.29 11.30 Major Exporters 3/ 7.51 71.12 0.04 25.87 46.10 6.69 Argentina 3.34 31.16 0.00 3.00 29.00 2.49 Brazil 3.70 33.40 0.03 17.48 15.60 4.05 India 0.47 6.56 0.01 5.39 1.50 0.15 Major Importers 4/ 1.77 16.72 36.48 52.90 0.53 1.55 European Union 0.46 11.77 18.50 30.04 0.32 0.37 Southeast Asia 5/ 1.22 3.18 16.33 19.39 0.21 1.12 2018/19 Proj. World 2/ Apr NA NA NA NA NA NA May 11.57 246.36 62.53 243.22 65.82 11.42 United States Apr NA NA NA NA NA NA May 0.27 42.86 0.32 31.93 11.25 0.27 Total Foreign Apr NA NA NA NA NA NA May 11.30 203.50 62.22 211.29 54.57 11.15 Major Exporters 3/ Apr NA NA NA NA NA NA May 6.69 74.49 0.04 27.25 47.40 6.58 Argentina Apr NA NA NA NA NA NA May 2.49 33.66 0.00 3.20 30.50 2.45 Brazil Apr NA NA NA NA NA NA May 4.05 33.55 0.03 18.15 15.50 3.98 India Apr NA NA NA NA NA NA May 0.15 7.28 0.01 5.90 1.40 0.14 Major Importers 4/ Apr NA NA NA NA NA NA May 1.55 16.81 36.98 53.35 0.50 1.49 European Union Apr NA NA NA NA NA NA May 0.37 11.77 18.50 29.94 0.30 0.39 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.12 3.30 16.83 20.02 0.20 1.03 ================================================================================ WASDE - 577 - 30 May 2018 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2016/17 World 2/ 3.68 53.79 10.85 53.59 11.26 3.48 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.91 43.75 10.71 44.58 10.10 2.70 Major Exporters 3/ 0.62 18.98 0.35 11.80 7.46 0.69 Argentina 0.26 8.40 0.00 2.99 5.39 0.28 Brazil 0.20 7.85 0.06 6.61 1.24 0.26 European Union 0.16 2.74 0.29 2.21 0.83 0.15 Major Importers 4/ 1.26 17.89 5.81 23.68 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.58 1.62 3.53 5.30 0.00 0.43 North Africa 5/ 0.16 0.50 1.56 2.03 0.09 0.11 2017/18 Est. World 2/ 3.48 55.76 10.23 55.63 10.66 3.18 United States 0.78 10.38 0.14 9.39 1.04 0.86 Total Foreign 2.70 45.38 10.09 46.24 9.61 2.32 Major Exporters 3/ 0.69 18.96 0.31 12.37 6.91 0.67 Argentina 0.28 7.88 0.00 3.26 4.68 0.23 Brazil 0.26 8.25 0.06 6.89 1.48 0.20 European Union 0.15 2.83 0.25 2.23 0.75 0.25 Major Importers 4/ 1.08 19.10 5.46 24.57 0.25 0.82 China 0.54 17.02 0.45 17.30 0.17 0.54 India 0.43 1.48 3.35 5.10 0.00 0.15 North Africa 5/ 0.11 0.60 1.66 2.17 0.08 0.13 2018/19 Proj. World 2/ Apr NA NA NA NA NA NA May 3.18 58.35 10.58 57.92 10.96 3.23 United States Apr NA NA NA NA NA NA May 0.86 10.45 0.14 9.66 0.95 0.83 Total Foreign Apr NA NA NA NA NA NA May 2.32 47.90 10.45 48.26 10.01 2.40 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.67 19.63 0.31 12.64 7.23 0.75 Argentina Apr NA NA NA NA NA NA May 0.23 8.51 0.00 3.42 5.10 0.22 Brazil Apr NA NA NA NA NA NA May 0.20 8.29 0.06 6.98 1.33 0.24 European Union Apr NA NA NA NA NA NA May 0.25 2.83 0.25 2.25 0.80 0.29 Major Importers 4/ Apr NA NA NA NA NA NA May 0.82 20.60 5.61 25.97 0.24 0.82 China Apr NA NA NA NA NA NA May 0.54 18.28 0.35 18.45 0.15 0.57 India Apr NA NA NA NA NA NA May 0.15 1.64 3.55 5.20 0.01 0.13 North Africa 5/ Apr NA NA NA NA NA NA May 0.13 0.69 1.71 2.32 0.09 0.12 ================================================================================ WASDE - 577 - 31 May 2018 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 2017 II 6407 6137 12598 10407 1482 12023 24621 2187 55.3 III 6736 6240 13029 10551 1479 12167 25197 2204 53.5 IV 6742 6796 13595 10472 1533 12139 25734 2235 53.1 Annual 26187 25584 51991 41662 5981 48178 100169 8808 215.5 2018 I 6465 6645 13167 10380 1452 11956 25123 2186 54.4 II* 6750 6400 13202 10575 1450 12165 25367 2215 56.1 III* 6930 6540 13523 10750 1480 12370 25893 2240 54.1 IV* 7070 7185 14311 10625 1535 12295 26606 2285 54.0 AprProj. 27635 26805 54658 42350 5945 48835 103493 8930 219.0 MayProj. 27215 26770 54203 42330 5917 48786 102989 8926 218.7 2019 I* 6560 6800 13414 10625 1475 12227 25641 2235 55.1 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 27715 27610 55542 43300 5970 49816 105358 9110 221.5 ================================================================================ 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 2017 II 132.76 51.70 104.7 99.1 74.7 16.83 III 112.46 55.59 94.9 96.9 102.1 17.70 IV 117.88 44.89 86.1 88.0 147.0 17.73 Annual 121.52 50.48 93.5 96.1 100.9 17.63 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II* 116-120 44-46 112-116 78-80 125-129 15.90-16.20 III* 106-112 44-46 99-105 78-82 116-124 16.45-17.05 IV* 108-116 36-38 93-101 86-94 125-135 16.95-17.85 AprProj. 114-119 45-47 93-98 82-86 138-144 15.60-16.10 MayProj. 114-119 43-45 100-104 80-84 136-142 16.20-16.70 2019 I* 116-126 42-46 96-104 77-83 115-125 16.25-17.25 AprProj. NA NA NA NA NA NA MayProj. 113-122 43-46 97-105 84-91 120-130 16.25-17.25 ================================================================================ WASDE - 577 - 32 May 2018 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 2017 757 26250 2994 30001 2862 649 26490 56.9 2018 Proj. Apr 649 27702 3040 31391 3025 680 27686 59.0 May 649 27278 3032 30958 3035 680 27243 58.1 2019 Proj. Apr NA NA NA NA NA NA NA NA May 680 27778 3140 31598 3150 690 27758 58.8 Pork 2017 507 25598 1116 27221 5632 554 21035 50.1 2018 Proj. Apr 554 26821 1065 28440 5900 610 21930 51.8 May 554 26784 1099 28437 5916 575 21946 51.9 2019 Proj. Apr NA NA NA NA NA NA NA NA May 575 27624 1120 29319 6125 585 22609 53.1 TotalRed Meat5/ 2017 1304 52078 4362 57744 8500 1246 47998 108.2 2018 Proj. Apr 1246 54751 4359 60356 8933 1338 50085 112.2 May 1246 54291 4383 59920 8958 1303 49659 111.2 2019 Proj. Apr NA NA NA NA NA NA NA NA May 1303 55630 4516 61449 9283 1323 50843 113.2 Broiler 2017 778 41217 126 42120 6780 856 34484 90.9 2018 Proj. Apr 856 41897 130 42883 6950 830 35103 91.9 May 856 41877 133 42866 6938 830 35098 91.9 2019 Proj. Apr NA NA NA NA NA NA NA NA May 830 42837 136 43803 7100 860 35843 93.2 Turkey 2017 279 5981 24 6284 621 310 5353 16.4 2018 Proj. Apr 310 5945 28 6283 645 310 5328 16.2 May 310 5917 26 6253 653 325 5275 16.1 2019 Proj. Apr NA NA NA NA NA NA NA NA May 325 5970 28 6323 655 310 5358 16.2 Total Poultry6/ 2017 1065 47732 154 48950 7531 1170 40248 108.6 2018 Proj. Apr 1170 48381 162 49713 7720 1148 40845 109.4 May 1170 48333 163 49666 7714 1163 40789 109.2 2019 Proj. Apr NA NA NA NA NA NA NA NA May 1163 49352 168 50683 7895 1178 41610 110.7 RedMeat& Poultry 2017 2369 99810 4515 106695 16032 2416 88247 216.8 2018 Proj. Apr 2416 103132 4521 110069 16653 2486 90930 221.5 May 2416 102624 4546 109586 16672 2466 90448 220.4 2019 Proj. Apr NA NA NA NA NA NA NA NA May 2466 104982 4684 112132 17178 2501 92453 223.9 ================================================================================ WASDE - 577 - 33 May 2018 U.S. Egg Supply and Use ================================================================================ 2016 2017 2018Proj. 2018Proj. 2019Proj. 2019Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 73.6 142.2 22.9 87.5 NA 101.0 Production 8578.7 8807.8 8930.0 8925.6 NA 9110.0 Imports 129.5 34.1 32.0 33.0 NA 40.0 Total Supply 8781.8 8984.1 8984.9 9046.1 NA 9251.0 Use Exports 302.8 354.0 320.0 335.9 NA 340.0 Hatching Use 1009.6 1034.9 1050.0 1052.0 NA 1075.0 Ending Stocks 142.2 87.5 27.0 101.0 NA 96.0 Disappearance Total 7327.1 7507.7 7587.9 7557.2 NA 7740.0 Per Capita (number) 271.7 276.4 277.4 276.3 NA 281.2 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2016 2017 2018Proj. 2018Proj. 2019Proj. 2019Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 212.4 215.5 219.0 218.7 NA 221.5 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Beg.CommercialStocks 12.3 12.7 13.5 13.5 NA 12.6 Marketings 211.4 214.5 218.0 217.7 NA 220.5 Imports 7.0 6.0 5.6 5.5 NA 5.5 Total Cml. Supply 230.8 233.2 237.1 236.6 NA 238.6 Commercial Exports 8.4 9.3 9.6 9.9 NA 10.2 Ending Commercial Stocks 12.7 13.5 12.9 12.6 NA 11.8 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 209.6 210.4 214.7 214.2 NA 216.6 Beg.CommercialStocks 9.2 9.5 11.8 11.8 NA 11.0 Marketings 211.4 214.5 218.0 217.7 NA 220.5 Imports 6.5 6.1 5.9 5.8 NA 5.8 Total Cml. Supply 227.1 230.1 235.7 235.3 NA 237.3 Commercial Exports 39.0 40.8 43.4 45.1 NA 45.3 Ending Commercial Stocks 9.5 11.8 11.5 11.0 NA 10.8 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 178.5 177.5 180.9 179.1 NA 181.1 ================================================================================ WASDE - 577 - 34 May 2018 U.S. Dairy Prices ================================================================================ Commod- 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6050 1.6344 1.550-1.600 1.600-1.650 NA 1.585-1.685 Butter 2.0777 2.3303 2.210-2.290 2.245-2.325 NA 2.215-2.345 Nonfat Dry Milk 0.8292 0.8666 0.700-0.740 0.740-0.780 NA 0.745-0.815 Dry Whey 0.2875 0.4437 0.240-0.270 0.255-0.285 NA 0.285-0.315 Milk Prices 2/ Dollars Per Cwt ClassIII 14.87 16.17 14.20-14.70 14.80-15.30 NA 14.80-15.80 Class IV 13.77 15.16 13.25-13.85 13.75-14.35 NA 13.65-14.75 All Milk 3/ 16.30 17.63 15.60-16.10 16.20-16.70 NA 16.25-17.25 ================================================================================ WASDE - 577 - 35 May 2018 Reliability of May 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 3.2 5.4 16.6 1.7 35.0 23 14 U.S. 6.8 11.5 3.1 0.0 9.8 19 18 Foreign 3.3 5.6 15.3 1.6 32.9 22 15 Exports World 6.1 10.3 6.0 0.1 17.6 26 11 U.S. 12.6 21.5 3.1 0.0 10.2 20 16 Foreign 7.0 11.9 5.6 0.4 17.8 27 10 Domestic Use World 2.2 3.8 10.1 0.3 28.3 24 13 U.S. 7.4 12.5 1.8 0.2 6.4 18 19 Foreign 2.2 3.7 9.7 0.2 28.0 25 12 Ending Stocks World 10.3 17.4 12.5 0.3 35.9 23 14 U.S. 21.0 35.6 3.6 0.1 14.1 21 16 Foreign 10.4 17.7 10.7 2.5 31.0 22 15 COARSE GRAINS 2/ Production World 3.8 6.4 26.5 1.1 103.6 18 19 U.S. 14.2 24.2 20.9 0.9 103.8 20 17 Foreign 2.8 4.7 14.5 0.2 42.8 16 21 Exports World 7.7 13.1 7.8 1.3 20.9 26 11 U.S. 27.9 47.3 8.4 0.1 29.5 16 21 Foreign 14.0 23.7 6.8 0.3 20.8 25 12 Domestic Use World 2.1 3.5 15.3 0.4 68.4 19 18 U.S. 6.0 10.3 8.1 0.2 38.4 24 13 Foreign 2.0 3.5 11.7 0.5 32.8 19 18 Ending Stocks World 20.3 34.5 22.1 2.6 71.4 23 14 U.S. 56.1 95.2 16.9 1.3 57.6 18 19 Foreign 17.1 29.1 11.5 0.0 33.9 25 12 RICE, milled Production World 2.4 4.1 6.9 0.0 21.8 22 15 U.S. 7.5 12.7 0.3 0.0 1.0 20 17 Foreign 2.5 4.2 6.9 0.4 22.0 22 15 Exports World 9.8 16.6 1.7 0.1 7.5 28 9 U.S. 12.0 20.3 0.3 0.0 1.0 19 13 Foreign 10.5 17.8 1.6 0.2 7.1 28 9 Domestic Use World 1.9 3.2 4.8 0.0 19.4 25 12 U.S. 9.3 15.8 0.2 0.0 0.6 13 23 Foreign 1.9 3.3 4.8 0.2 20.0 26 11 Ending Stocks World 14.4 24.4 5.8 0.1 24.7 25 12 U.S. 33.0 56.0 0.3 0.0 0.9 19 16 Foreign 15.8 26.7 5.8 0.1 24.8 25 12 ================================================================================ WASDE - 577 - 36 May 2018 Reliability of May 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 NA NA 11.5 1.5 23.1 5 4 U.S. 8.9 15.1 4.6 0.0 13.8 19 18 Foreign NA NA 8.0 0.7 16.9 7 2 Exports World NA NA 5.8 0.6 10.6 8 1 U.S. 15.6 26.4 3.0 0.0 6.8 20 16 Foreign NA NA 3.6 0.7 12.3 7 2 Domestic Use World NA NA 6.3 1.2 12.1 5 4 U.S. 6.4 10.9 2.0 0.2 7.5 23 14 Foreign NA NA 5.5 0.2 10.8 5 4 Ending Stocks World NA NA 8.7 2.0 19.2 5 4 U.S. 60.2 102.2 2.8 0.2 8.4 12 25 Foreign NA NA 7.4 0.1 15.7 6 3 COTTON Production World 6.4 10.8 4.5 0.1 16.7 23 14 U.S. 11.2 19.1 1.6 0.1 5.5 19 18 Foreign 6.4 10.9 3.5 0.1 12.2 21 16 Exports World 10.3 17.5 2.2 0.1 12.4 21 16 U.S. 30.2 51.3 1.4 0.1 3.9 23 14 Foreign 13.4 22.7 1.6 0.1 10.4 20 17 Domestic Use World 4.5 7.7 3.1 0.1 17.2 15 22 U.S. 9.6 16.2 0.5 0.0 1.4 17 19 Foreign 4.6 7.7 3.0 0.0 16.6 17 20 Ending Stocks World 18.0 30.5 6.4 1.0 18.1 25 12 U.S. 43.8 74.4 1.5 0.0 4.3 17 20 Foreign 17.0 28.9 5.3 0.1 17.2 25 12 ================================================================================ WASDE - 577 - 37 May 2018 Reliability of United States May 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 15.1 25.7 739 8 4010 16 21 Exports 29.0 49.3 300 0 1100 17 19 Domestic Use 6.4 10.9 315 11 1538 25 12 Ending Stocks 67.4 114.4 609 41 2091 18 19 SORGHUM Production 20.5 34.8 89 0 228 17 19 Exports 32.7 55.6 45 0 190 18 18 Domestic Use 25.4 43.2 55 0 162 15 21 Ending Stocks 71.5 121.4 50 1 238 14 23 BARLEY Production 14.4 24.5 28 1 206 14 23 Exports 78.5 133.3 14 0 92 19 15 Domestic Use 11.4 19.4 29 0 95 17 19 Ending Stocks 21.2 36.0 23 0 78 17 19 OATS Production 25.8 43.8 32 1 231 9 28 Exports 113.5 192.6 1 0 8 9 12 Domestic Use 10.8 18.4 21 0 160 13 23 Ending Stocks 36.2 61.4 18 0 77 11 23 Thousand Short Tons SOYBEAN MEAL Production 5.7 9.7 1303 0 5344 23 13 Exports 18.1 30.7 978 0 2750 22 14 Domestic Use 4.5 7.7 854 24 4950 19 18 Ending Stocks 42.9 72.9 54 0 388 11 15 Million Pounds SOYBEAN OIL Production 5.4 9.2 635 18 2500 26 11 Exports 35.9 60.8 486 25 1700 20 17 Domestic Use 3.9 6.7 433 8 1800 22 15 Ending Stocks 37.3 63.3 468 25 1702 22 15 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 773 40 2727 17 7 Pork 3.3 5.7 515 61 1722 15 8 Broilers 2.4 4.2 671 75 1640 11 13 Turkeys 4.1 7.1 177 2 500 12 12 Million Dozen Eggs 1.6 2.8 96 2 300 15 9 Billion Pounds Milk 1.6 2.7 2.0 0.0 6.7 11 9 ================================================================================