WASDE - 578 - 8 June 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 2608.41 3233.50 428.99 2577.19 656.31 2017/18 (Est.) 2561.69 3218.00 421.48 2580.67 637.33 2018/19 (Proj.) May 2578.35 3215.31 434.58 2620.85 594.46 Jun 2568.88 3206.21 432.39 2615.29 590.91 Wheat 2016/17 751.99 996.23 183.28 738.91 257.33 2017/18 (Est.) 758.22 1015.55 182.80 743.18 272.37 2018/19 (Proj.) May 747.76 1018.22 188.43 753.89 264.33 Jun 744.69 1017.06 187.32 750.90 266.16 Coarse Grains 5/ 2016/17 1369.75 1617.84 198.44 1355.60 262.24 2017/18 (Est.) 1315.16 1577.40 190.42 1356.32 221.07 2018/19 (Proj.) May 1341.10 1563.77 196.85 1378.33 185.45 Jun 1336.84 1557.91 195.72 1376.34 181.57 Rice, milled 2016/17 486.66 619.43 47.28 482.68 136.74 2017/18 (Est.) 488.31 625.06 48.25 481.17 143.89 2018/19 (Proj.) May 489.50 633.31 49.30 488.63 144.68 Jun 487.35 631.24 49.35 488.06 143.18 United States Total Grains 4/ 2016/17 472.56 556.09 96.92 363.41 95.76 2017/18 (Est.) 437.29 541.29 91.92 362.86 86.52 2018/19 (Proj.) May 425.82 522.01 86.06 363.83 72.12 Jun 425.99 520.58 88.07 363.23 69.28 Wheat 2016/17 62.83 92.60 28.72 31.75 32.13 2017/18 (Est.) 47.37 83.72 24.49 29.83 29.40 2018/19 (Proj.) May 49.57 82.37 25.17 31.22 25.98 Jun 49.74 82.81 25.86 31.22 25.74 Coarse Grains 5/ 2016/17 402.61 454.15 64.50 327.48 62.17 2017/18 (Est.) 384.26 449.60 64.44 329.22 55.94 2018/19 (Proj.) May 369.80 431.27 57.68 328.74 44.85 Jun 369.80 429.28 58.95 328.11 42.23 Rice, milled 2016/17 7.12 9.34 3.70 4.17 1.46 2017/18 (Est.) 5.66 7.98 2.99 3.81 1.18 2018/19 (Proj.) May 6.45 8.37 3.21 3.87 1.29 Jun 6.45 8.49 3.27 3.91 1.32 ================================================================================ WASDE - 578 - 9 June 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 2135.85 2677.41 332.07 2213.78 560.55 2017/18 (Est.) 2124.40 2676.70 329.56 2217.81 550.81 2018/19 (Proj.) May 2152.53 2693.30 348.52 2257.01 522.35 Jun 2142.89 2685.62 344.32 2252.06 521.63 Wheat 2016/17 689.16 903.63 154.56 707.15 225.20 2017/18 (Est.) 710.85 931.82 158.31 713.35 242.97 2018/19 (Proj.) May 698.19 935.85 163.26 722.67 238.35 Jun 694.95 934.25 161.47 719.68 240.42 Coarse Grains 5/ 2016/17 967.14 1163.69 133.93 1028.12 200.07 2017/18 (Est.) 930.90 1127.80 125.99 1027.10 165.14 2018/19 (Proj.) May 971.30 1132.50 139.17 1049.59 140.59 Jun 967.04 1128.63 136.77 1048.23 139.34 Rice, milled 2016/17 479.55 610.09 43.57 478.51 135.28 2017/18 (Est.) 482.65 617.08 45.27 477.36 142.70 2018/19 (Proj.) May 483.05 624.95 46.09 484.76 143.40 Jun 480.90 622.75 46.08 484.15 141.87 ================================================================================ 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 2016/17 106.63 201.65 37.40 114.81 86.94 2017/18 (Est.) 122.76 209.70 40.13 120.77 88.21 2018/19 (Proj.) May 121.19 209.39 41.12 125.44 83.75 Jun 120.40 208.61 41.07 125.35 83.02 United States 2016/17 17.17 20.98 14.92 3.25 2.75 2017/18 (Est.) 20.92 23.68 16.00 3.35 4.20 2018/19 (Proj.) May 19.50 24.21 15.50 3.40 5.20 Jun 19.50 23.71 15.50 3.40 4.70 Foreign 4/ 2016/17 89.46 180.68 22.48 111.56 84.19 2017/18 (Est.) 101.84 186.02 24.13 117.42 84.01 2018/19 (Proj.) May 101.69 185.19 25.62 122.04 78.55 Jun 100.90 184.90 25.57 121.95 78.32 ================================================================================ WASDE - 578 - 10 June 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 2016/17 576.96 669.33 170.63 469.52 111.67 2017/18 (Est.) 572.93 684.59 175.94 489.83 108.09 2018/19 (Proj.) May 593.72 700.80 186.35 509.38 100.05 Jun 593.94 702.03 187.10 509.56 100.68 Oilmeals 2016/17 321.48 338.59 88.21 318.61 16.62 2017/18 (Est.) 335.07 351.69 88.60 332.92 15.05 2018/19 (Proj.) May 348.48 363.26 90.38 345.21 14.71 Jun 348.71 363.75 90.42 345.47 14.95 Vegetable Oils 2016/17 189.26 210.66 81.13 183.96 20.45 2017/18 (Est.) 198.68 219.14 81.25 191.42 21.78 2018/19 (Proj.) May 206.21 227.65 83.71 198.63 23.43 Jun 206.28 228.05 83.97 198.25 24.05 United States Oilseeds 2016/17 126.93 135.30 60.28 56.26 9.60 2017/18 (Est.) 131.03 142.11 57.46 59.12 15.83 2018/19 (Proj.) May 127.29 145.18 63.46 58.88 13.15 Jun 127.29 144.54 63.46 59.02 12.36 Oilmeals 2016/17 43.11 47.31 10.85 36.06 0.41 2017/18 (Est.) 45.66 49.85 12.19 37.33 0.33 2018/19 (Proj.) May 45.42 49.54 11.61 37.60 0.33 Jun 45.60 49.72 11.62 37.77 0.33 Vegetable Oils 2016/17 11.43 17.37 1.42 14.72 1.23 2017/18 (Est.) 11.83 18.15 1.34 15.37 1.43 2018/19 (Proj.) May 11.90 18.33 1.21 15.84 1.28 Jun 11.93 18.48 1.21 15.84 1.43 Foreign 3/ Oilseeds 2016/17 450.02 534.03 110.35 413.27 102.07 2017/18 (Est.) 441.89 542.48 118.49 430.71 92.25 2018/19 (Proj.) May 466.43 555.63 122.89 450.50 86.91 Jun 466.65 557.49 123.64 450.54 88.32 Oilmeals 2016/17 278.36 291.27 77.36 282.55 16.21 2017/18 (Est.) 289.42 301.84 76.41 295.59 14.72 2018/19 (Proj.) May 303.07 313.73 78.76 307.62 14.38 Jun 303.10 314.03 78.79 307.70 14.63 Vegetable Oils 2016/17 177.83 193.30 79.71 169.24 19.22 2017/18 (Est.) 186.85 200.99 79.91 176.05 20.35 2018/19 (Proj.) May 194.32 209.32 82.50 182.79 22.15 Jun 194.35 209.58 82.77 182.41 22.62 ================================================================================ WASDE - 578 - 11 June 2018 U.S. Wheat Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Acres Area Planted 50.1 46.0 47.3* 47.3* Area Harvested 43.9 37.6 38.9* 38.9* Bushels Yield per Harvested Acre 52.7 46.3 46.8* 46.9* Million Bushels Beginning Stocks 976 1181 1070 1080 Production 2309 1741 1821 1827 Imports 118 155 135 135 Supply, Total 3402 3076 3027 3043 Food 949 963 965 965 Seed 61 63 62 62 Feed and Residual 156 70 120 120 Domestic, Total 1167 1096 1147 1147 Exports 1055 900 925 950 Use, Total 2222 1996 2072 2097 Ending Stocks 1181 1080 955 946 Avg.FarmPrice ($/bu) 2/ 3.89 4.75 4.50-5.50 4.60-5.60 ================================================================================ 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 370 225 90 195 20 900 Use, Total 806 494 301 291 105 1996 Ending Stocks, Total Jun 541 200 223 81 36 1080 May 551 195 223 71 31 1070 ================================================================================ WASDE - 578 - 12 June 2018 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Acres FEED GRAINS Area Planted 106.6 100.9 99.0* 99.0* Area Harvested 96.5 90.5 88.8* 88.8* Metric Tons Yield per Harvested Acre 4.17 4.24 4.16 4.16 Million Metric Tons Beginning Stocks 48.1 62.1 57.9 55.9 Production 402.3 384.0 369.5 369.5 Imports 3.3 3.0 3.3 3.3 Supply, Total 453.6 449.1 430.8 428.8 Feed and Residual 144.6 144.0 140.5 139.8 Food, Seed & Industrial 182.4 184.8 187.8 187.8 Domestic, Total 327.0 328.8 328.2 327.6 Exports 64.5 64.4 57.7 58.9 Use, Total 391.5 393.2 385.9 386.6 Ending Stocks 62.1 55.9 44.8 42.2 Million Acres CORN Area Planted 94.0 90.2 88.0* 88.0* Area Harvested 86.7 82.7 80.7* 80.7* Bushels Yield per Harvested Acre 174.6 176.6 174.0* 174.0* Million Bushels Beginning Stocks 1737 2293 2182 2102 Production 15148 14604 14040 14040 Imports 57 45 50 50 Supply, Total 16942 16942 16272 16192 Feed and Residual 5472 5500 5375 5350 Food,Seed& Industrial 2/ 6883 7040 7115 7165 Ethanol & by-products 3/ 5432 5575 5625 5675 Domestic, Total 12356 12540 12490 12515 Exports 2293 2300 2100 2100 Use, Total 14649 14840 14590 14615 Ending Stocks 2293 2102 1682 1577 Avg.FarmPrice ($/bu) 4/ 3.36 3.25-3.55 3.30-4.30 3.40-4.40 ================================================================================ WASDE - 578 - 13 June 2018 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 6.7 5.6 5.9* 5.9* AreaHarvested(mil.acres) 6.2 5.0 5.1* 5.1* Yield (bushels/acre) 77.9 72.1 67.3* 67.3* Beginning Stocks 37 33 29 29 Production 480 364 343 343 Imports 2 2 0 0 Supply, Total 519 399 372 372 Feed and Residual 130 90 80 80 Food, Seed & Industrial 115 50 100 50 Total Domestic 245 140 180 130 Exports 241 230 165 215 Use, Total 485 370 345 345 Ending Stocks 33 29 27 27 Avg.FarmPrice ($/bu) 2/ 2.79 3.10-3.30 3.10-4.10 3.20-4.20 BARLEY AreaPlanted (mil. acres) 3.1 2.5 2.3* 2.3* AreaHarvested(mil.acres) 2.6 2.0 2.0* 2.0* Yield (bushels/acre) 77.9 72.6 73.5* 73.5* Beginning Stocks 102 106 65 65 Production 200 142 147 147 Imports 10 10 20 20 Supply, Total 312 258 232 232 Feed and Residual 39 25 25 25 Food, Seed & Industrial 162 162 155 155 Total Domestic 201 187 180 180 Exports 4 6 5 5 Use, Total 205 193 185 185 Ending Stocks 106 65 47 47 Avg.FarmPrice ($/bu) 2/ 4.96 4.50 4.00-5.20 4.00-5.20 OATS AreaPlanted (mil. acres) 2.8 2.6 2.7* 2.7* AreaHarvested(mil.acres) 1.0 0.8 1.0* 1.0* Yield (bushels/acre) 66.0 61.7 66.0* 66.0* Beginning Stocks 57 50 21 24 Production 65 49 66 66 Imports 90 90 95 95 Supply, Total 212 190 182 185 Feed and Residual 82 85 75 75 Food, Seed & Industrial 76 78 79 79 Total Domestic 158 163 154 154 Exports 3 3 2 2 Use, Total 162 166 156 156 Ending Stocks 50 24 26 29 Avg.FarmPrice ($/bu) 2/ 2.06 2.55 2.55-3.15 2.60-3.20 ================================================================================ WASDE - 578 - 14 June 2018 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Acres TOTAL Area Planted 3.15 2.46 2.69* 2.69* Area Harvested 3.10 2.37 2.67* 2.67* Pounds Yield per Harvested Acre 7237 7507 7610* 7610* Million Hundredweight Beginning Stocks 2/ 46.5 46.0 34.3 37.3 Production 224.1 178.2 203.2 203.2 Imports 23.5 27.0 26.0 27.0 Supply, Total 294.1 251.3 263.5 267.5 Domestic & Residual 3/ 131.4 120.0 122.0 123.0 Exports, Total 4/ 116.7 94.0 101.0 103.0 Rough 42.5 31.0 34.0 34.0 Milled (rough equiv.) 74.2 63.0 67.0 69.0 Use, Total 248.0 214.0 223.0 226.0 Ending Stocks 46.0 37.3 40.5 41.5 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 10.40 12.30-12.70 11.90-12.90 11.90-12.90 LONG GRAIN Harvested Acres (mil.) 2.40 1.75 Yield (pounds/acre) 6927 7314 Beginning Stocks 22.7 31.0 20.4 21.4 Production 166.5 127.9 150.2 150.2 Supply, Total 7/ 209.4 182.4 193.1 195.1 Domestic & Residual 3/ 99.7 92.0 95.0 96.0 Exports 8/ 78.7 69.0 72.0 72.0 Use, Total 178.4 161.0 167.0 168.0 Ending Stocks 31.0 21.4 26.1 27.1 Avg.FarmPrice($/cwt) 6/ 9.61 11.50-11.70 11.00-12.00 11.00-12.00 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.69 0.63 Yield (pounds/acre) 8311 8048 Beginning Stocks 20.9 11.5 10.4 12.4 Production 57.7 50.4 53.0 53.0 Supply, Total 7/ 81.1 65.4 66.9 68.9 Domestic & Residual 3/ 31.7 28.0 27.0 27.0 Exports 8/ 37.9 25.0 29.0 31.0 Use, Total 69.6 53.0 56.0 58.0 Ending Stocks 11.5 12.4 10.9 10.9 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 13.10 14.70-15.30 14.70-15.70 14.70-15.70 California 10/ 14.10 16.20-17.00 16.50-17.50 16.50-17.50 Other States 1/ 10.10 11.90-12.10 11.20-12.20 11.20-12.20 ================================================================================ WASDE - 578 - 15 June 2018 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Acres SOYBEANS Area Planted 83.4 90.1 89.0* 89.0* Area Harvested 82.7 89.5 88.2* 88.2* Bushels Yield per Harvested Acre 52.0 49.1 48.5* 48.5* Million Bushels Beginning Stocks 197 302 530 505 Production 4296 4392 4280 4280 Imports 22 25 25 25 Supply, Total 4515 4718 4835 4810 Crushings 1901 2015 1995 2000 Exports 2174 2065 2290 2290 Seed 105 103 103 103 Residual 34 30 32 32 Use, Total 4213 4213 4420 4425 Ending Stocks 302 505 415 385 Avg.FarmPrice ($/bu) 2/ 9.47 9.40 8.75-11.25 8.75-11.25 Million Pounds SOYBEAN OIL Beginning Stocks 1687 1711 1896 2176 Production 4/ 22123 23150 23040 23100 Imports 319 315 300 300 Supply, Total 24129 25176 25236 25576 Domestic Disappearance 19862 20600 21300 21300 Biodiesel 3/ 6200 6800 7300 7300 Food, Feed & other Industrial 13661 13800 14000 14000 Exports 2556 2400 2100 2100 Use, Total 22418 23000 23400 23400 Ending stocks 1711 2176 1836 2176 Avg. Price (c/lb) 2/ 32.48 30.50 29.50-33.50 29.50-33.50 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 264 401 300 300 Production 4/ 44787 47699 47250 47450 Imports 349 500 350 350 Supply, Total 45400 48600 47900 48100 Domestic Disappearance 33399 35200 35200 35400 Exports 11601 13100 12400 12400 Use, Total 45000 48300 47600 47800 Ending Stocks 401 300 300 300 Avg. Price ($/s.t.) 2/ 316.88 360.00 330.00-370.00 330.00-370.00 ================================================================================ WASDE - 578 - 16 June 2018 U.S. Sugar Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 2054 1876 1901 1876 Production 2/ 8969 9238 8981 8961 Beet Sugar 5103 5221 5036 5036 Cane Sugar 3866 4017 3945 3925 Florida 2055 1983 2085 2085 Hawaii 43 0 0 0 Louisiana 1628 1859 1680 1680 Texas 140 175 180 160 Imports 3244 3387 3365 3365 TRQ 3/ 1611 1788 1355 1355 Other Program 4/ 419 300 350 350 Other 5/ 1213 1299 1660 1660 Mexico 1201 1269 1645 1645 Total Supply 14267 14501 14247 14203 Exports 95 170 50 85 Deliveries 12258 12455 12655 12655 Food 6/ 12102 12300 12500 12500 Other 7/ 156 155 155 155 Miscellaneous 38 0 0 0 Total Use 12391 12625 12705 12740 Ending Stocks 1876 1876 1542 1463 Stocks to Use Ratio 15.1 14.9 12.1 11.5 ================================================================================ 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. May 1002 5970 190 4727 1192 1243 Jun 1002 5970 190 4727 1192 1243 2018/19 Proj. May 1243 6025 84 4952 1418 983 Jun 1243 6025 115 4952 1418 1014 ================================================================================ WASDE - 578 - 17 June 2018 U.S. Cotton Supply and Use 1/ ================================================================================ 2016/17 2017/18 Est. 2018/19 Proj. 2018/19 Proj. Item May Jun ================================================================================ Million Acres Planted 10.07 12.61 13.47* 13.47* Harvested 9.51 11.10 11.13* 11.13* Pounds Yield per Harvested Acre 867 905 841* 841* Million 480 Pound Bales Beginning Stocks 3.80 2.75 4.70 4.20 Production 17.17 20.92 19.50 19.50 Imports 0.01 0.01 0.01 0.01 Supply, Total 20.98 23.68 24.21 23.71 Domestic Use 3.25 3.35 3.40 3.40 Exports, Total 14.92 16.00 15.50 15.50 Use, Total 18.17 19.35 18.90 18.90 Unaccounted 2/ 0.06 0.13 0.11 0.11 Ending Stocks 2.75 4.20 5.20 4.70 Avg. Farm Price 3/ 68.0 67.00-69.00 55.00-75.00 60.00-80.00 ================================================================================ WASDE - 578 - 18 June 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/ 244.24 751.99 179.14 146.79 738.91 183.28 257.33 United States 26.55 62.83 3.22 4.26 31.75 28.72 32.13 Total Foreign 217.69 689.16 175.92 142.53 707.15 154.56 225.20 Major Exporters 4/ 25.41 227.73 5.93 65.82 151.35 83.95 23.77 Argentina 0.82 18.40 0.00 0.05 5.15 13.83 0.25 Australia 3.85 31.82 0.14 4.00 7.45 22.64 5.72 Canada 5.18 32.14 0.50 5.77 10.75 20.16 6.91 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/ 257.33 758.22 181.26 145.45 743.18 182.80 272.37 United States 32.13 47.37 4.22 1.91 29.83 24.49 29.40 Total Foreign 225.20 710.85 177.04 143.55 713.35 158.31 242.97 Major Exporters 4/ 23.77 221.08 6.16 66.15 152.38 74.80 23.83 Argentina 0.25 18.00 0.01 0.05 5.20 12.80 0.25 Australia 5.72 21.50 0.15 3.80 7.28 15.00 5.10 Canada 6.91 30.00 0.50 3.80 9.00 23.00 5.41 European Union 5/ 10.89 151.58 5.50 58.50 130.90 24.00 13.07 Major Importers 6/ 154.95 202.68 94.31 32.12 277.82 6.44 167.68 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 5.08 38.91 0.79 12.54 N. Africa 8/ 13.95 19.25 26.85 2.25 45.08 0.81 14.16 Pakistan 4.35 26.67 0.01 1.00 25.00 1.20 4.83 Southeast Asia 9/ 5.61 0.00 26.90 8.74 25.59 1.07 5.85 Selected Other India 9.80 98.51 1.17 5.00 95.83 0.44 13.20 FSU-12 21.15 142.22 8.18 32.41 84.01 67.33 20.20 Russia 10.83 84.99 0.40 21.50 45.00 40.50 10.72 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 - 578 - 19 June 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/ May 270.46 747.76 184.86 145.59 753.89 188.43 264.33 Jun 272.37 744.69 183.68 142.67 750.90 187.32 266.16 United States May 29.13 49.57 3.67 3.27 31.22 25.17 25.98 Jun 29.40 49.74 3.67 3.27 31.22 25.86 25.74 Total Foreign May 241.34 698.19 181.18 142.32 722.67 163.26 238.35 Jun 242.97 694.95 180.00 139.40 719.68 161.47 240.42 Major Exporters 4/ May 22.88 226.40 6.16 65.40 151.60 83.70 20.14 Jun 23.83 225.40 6.16 64.60 150.90 83.70 20.79 Argentina May 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Jun 0.25 19.50 0.01 0.10 5.30 14.20 0.26 Australia May 4.22 24.00 0.15 3.80 7.20 17.00 4.17 Jun 5.10 24.00 0.15 4.00 7.50 17.00 4.75 Canada May 5.34 32.50 0.50 4.50 9.60 23.50 5.24 Jun 5.41 32.50 0.50 4.50 9.60 23.50 5.31 European Union 5/ May 13.07 150.40 5.50 57.00 129.50 29.00 10.47 Jun 13.07 149.40 5.50 56.00 128.50 29.00 10.47 Major Importers 6/ May 167.64 203.49 95.74 34.32 284.01 6.68 176.18 Jun 167.68 203.02 95.82 34.22 284.01 6.48 176.03 Brazil May 1.32 4.90 7.50 0.60 12.20 0.30 1.22 Jun 1.32 4.90 7.50 0.60 12.20 0.30 1.22 China May 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Jun 126.82 129.00 4.00 15.00 120.00 1.20 138.62 Sel. Mideast 7/ May 12.47 18.86 18.74 4.78 39.10 1.14 9.83 Jun 12.54 18.86 18.74 4.78 39.20 1.14 9.80 N. Africa 8/ May 14.16 21.10 26.28 2.25 45.78 0.69 15.07 Jun 14.16 21.10 26.28 2.25 45.78 0.69 15.08 Pakistan May 4.86 25.50 0.03 1.20 25.30 1.00 4.09 Jun 4.83 25.50 0.01 1.20 25.30 1.00 4.04 Southeast Asia 9/ May 5.85 0.00 27.90 9.44 27.24 1.09 5.42 Jun 5.85 0.00 27.90 9.44 27.24 1.09 5.42 India May 11.75 95.00 2.00 5.00 98.00 0.40 10.35 Jun 13.20 97.00 0.50 5.00 98.00 0.40 12.30 FSU-12 May 21.20 127.44 8.72 29.63 80.91 62.63 13.82 Jun 20.20 123.74 8.71 27.61 78.39 61.03 13.23 Russia May 11.72 72.00 0.50 19.00 42.00 36.50 5.72 Jun 10.72 68.50 0.50 17.00 39.50 35.00 5.22 Kazakhstan May 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Jun 2.83 14.00 0.06 1.90 6.70 8.00 2.19 Ukraine May 1.70 26.50 0.03 3.40 9.60 17.00 1.63 Jun 1.70 26.50 0.03 3.40 9.60 17.00 1.63 ================================================================================ WASDE - 578 - 20 June 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/ 248.09 1369.75 173.04 800.55 1355.60 198.44 262.24 United States 48.11 402.61 3.43 144.75 327.48 64.50 62.17 Total Foreign 199.97 967.14 169.62 655.80 1028.12 133.93 200.07 Major Exporters 4/ 18.09 212.15 2.64 90.19 121.56 77.86 33.46 Argentina 3.28 48.57 0.00 10.77 16.04 29.11 6.70 Australia 1.50 17.27 0.00 4.22 6.09 10.00 2.67 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 4.85 5.60 Major Importers 5/ 45.05 241.06 120.97 275.39 357.99 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 34.13 54.79 62.59 0.16 6.80 Saudi Arabia 4.40 0.25 11.53 13.22 13.62 0.00 2.56 Southeast Asia 8/ 4.31 29.40 13.66 34.96 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 0.77 41.04 56.36 36.58 6.81 Russia 1.67 40.77 0.28 22.48 32.08 8.56 2.08 Ukraine 3.17 39.22 0.04 9.06 12.53 26.90 3.00 2017/18 Est. World 3/ 262.24 1315.16 184.38 813.28 1356.32 190.42 221.07 United States 62.17 384.26 3.17 144.13 329.22 64.44 55.94 Total Foreign 200.07 930.90 181.21 669.15 1027.10 125.99 165.14 Major Exporters 4/ 33.46 179.17 2.49 89.07 121.05 71.67 22.41 Argentina 6.70 40.33 0.01 8.89 14.32 28.11 4.61 Australia 2.67 10.90 0.00 3.02 4.89 7.33 1.36 Brazil 14.49 87.79 1.05 55.01 65.46 29.02 8.86 Canada 5.60 26.21 1.28 15.69 23.45 5.11 4.53 Major Importers 5/ 38.06 245.24 130.46 282.67 366.38 10.79 36.59 European Union 6/ 15.31 153.08 17.26 119.90 161.52 8.51 15.62 Japan 1.68 0.19 16.97 13.22 17.21 0.00 1.63 Mexico 6.01 32.51 16.58 29.44 48.45 1.30 5.35 N. Afr & Mideast 7/ 6.80 29.41 38.63 59.45 67.45 0.12 7.28 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 35.84 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 17.50 179.52 262.38 0.08 80.38 FSU-12 6.81 88.80 0.64 38.73 53.82 36.35 6.08 Russia 2.08 41.71 0.11 22.27 31.82 10.27 1.82 Ukraine 3.00 34.07 0.03 6.89 10.20 24.21 2.69 ================================================================================ WASDE - 578 - 21 June 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/ May 222.68 1341.10 190.79 828.26 1378.33 196.85 185.45 Jun 221.07 1336.84 190.31 826.56 1376.34 195.72 181.57 United States May 57.92 369.80 3.55 140.61 328.74 57.68 44.85 Jun 55.94 369.80 3.55 139.98 328.11 58.95 42.23 Total Foreign May 164.75 971.30 187.24 687.65 1049.59 139.17 140.59 Jun 165.14 967.04 186.76 686.59 1048.23 136.77 139.34 Major Exporters 4/ May 22.54 203.20 2.00 93.78 126.78 77.06 23.90 Jun 22.41 203.50 2.00 93.88 126.88 77.36 23.67 Argentina May 4.47 48.55 0.01 10.90 16.55 30.01 6.47 Jun 4.61 48.85 0.01 10.90 16.55 30.31 6.61 Australia May 1.07 13.76 0.00 2.89 4.74 9.03 1.07 Jun 1.36 13.76 0.00 2.99 4.84 9.03 1.25 Brazil May 9.76 98.96 1.25 57.54 68.99 31.02 9.96 Jun 8.86 98.96 1.25 57.54 68.99 31.02 9.06 Canada May 4.61 27.38 0.61 15.78 23.24 4.80 4.56 Jun 4.53 27.38 0.61 15.78 23.24 4.80 4.48 Major Importers 5/ May 36.71 246.59 137.14 291.92 376.61 11.27 32.57 Jun 36.59 246.39 132.70 289.20 373.82 11.07 30.80 European Union 6/ May 15.62 154.44 16.56 120.80 163.07 8.81 14.74 Jun 15.62 154.24 16.56 121.80 164.07 8.61 13.74 Japan May 1.53 0.19 17.57 13.92 17.91 0.00 1.37 Jun 1.63 0.19 16.77 13.12 17.11 0.00 1.47 Mexico May 5.56 31.89 18.81 32.02 51.24 1.50 3.52 Jun 5.35 31.89 17.31 30.52 49.74 1.50 3.31 N. Afr & Mideast 7/ May 7.38 30.07 40.06 62.30 70.26 0.20 7.05 Jun 7.28 30.07 38.91 61.30 69.26 0.20 6.80 Saudi Arabia May 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Jun 1.82 0.34 13.01 13.55 14.08 0.00 1.10 Southeast Asia 8/ May 2.49 29.39 17.20 37.65 45.65 0.77 2.67 Jun 2.49 29.39 16.21 37.23 45.16 0.77 2.17 South Korea May 1.82 0.20 9.84 7.55 10.05 0.00 1.80 Jun 1.82 0.20 9.84 7.55 10.05 0.00 1.80 China May 80.28 232.81 16.10 181.75 267.83 0.07 61.29 Jun 80.38 232.81 19.70 185.15 271.23 0.07 61.59 FSU-12 May 5.54 97.07 0.67 40.03 55.01 43.10 5.16 Jun 6.08 92.57 0.73 37.97 52.86 40.60 5.91 Russia May 1.82 44.93 0.16 22.58 32.13 13.06 1.72 Jun 1.82 40.93 0.16 20.68 30.13 11.06 1.72 Ukraine May 1.99 38.75 0.04 7.28 10.49 28.21 2.07 Jun 2.69 38.25 0.04 7.28 10.49 27.71 2.77 ================================================================================ WASDE - 578 - 22 June 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/ 209.98 1078.43 135.81 633.40 1060.52 159.77 227.89 United States 44.12 384.78 1.45 139.01 313.86 58.24 58.25 Total Foreign 165.86 693.65 134.36 494.39 746.66 101.52 169.64 Major Exporters 4/ 9.32 157.05 0.86 65.96 84.36 59.88 22.99 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 0.00 7.46 12.66 2.29 3.70 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/ 227.89 1034.77 145.80 648.61 1069.97 151.51 192.69 United States 58.25 370.96 1.14 139.71 318.53 58.42 53.40 Total Foreign 169.64 663.81 144.65 508.90 751.44 93.09 139.29 Major Exporters 4/ 22.99 131.50 0.51 64.90 84.10 56.10 14.80 Argentina 5.28 33.00 0.01 6.00 9.80 25.00 3.48 Brazil 14.02 85.00 0.50 52.50 62.00 29.00 8.52 South Africa 3.70 13.50 0.01 6.40 12.30 2.10 2.80 Major Importers 5/ 21.83 124.82 85.30 153.00 206.85 4.17 20.93 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 15.20 11.60 15.20 0.00 1.32 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 42.07 0.40 15.24 18.04 24.76 2.75 Ukraine 1.55 24.12 0.03 3.50 4.80 19.50 1.39 ================================================================================ WASDE - 578 - 23 June 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/ May 194.85 1056.07 153.01 665.56 1091.77 158.02 159.15 Jun 192.69 1052.42 151.61 663.10 1090.42 156.02 154.69 United States May 55.44 356.63 1.27 136.53 317.26 53.34 42.73 Jun 53.40 356.63 1.27 135.90 317.90 53.34 40.07 Total Foreign May 139.41 699.43 151.74 529.03 774.51 104.68 116.41 Jun 139.29 695.79 150.34 527.21 772.52 102.68 114.62 Major Exporters 4/ May 15.34 151.00 0.71 69.60 90.10 60.20 16.74 Jun 14.80 151.00 0.71 69.60 90.10 60.20 16.21 Argentina May 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Jun 3.48 41.00 0.01 8.00 12.00 27.00 5.49 Brazil May 9.42 96.00 0.70 55.00 65.50 31.00 9.62 Jun 8.52 96.00 0.70 55.00 65.50 31.00 8.72 South Africa May 2.44 14.00 0.00 6.60 12.60 2.20 1.64 Jun 2.80 14.00 0.00 6.60 12.60 2.20 2.00 Major Importers 5/ May 20.73 122.89 88.10 155.70 210.35 3.77 17.60 Jun 20.93 122.89 87.10 156.20 210.85 3.77 16.30 Egypt May 1.78 6.40 9.70 13.60 16.10 0.01 1.77 Jun 1.78 6.40 9.70 13.60 16.10 0.01 1.77 European Union 6/ May 8.13 61.00 16.00 56.50 76.50 1.50 7.13 Jun 8.13 61.00 16.00 57.50 77.50 1.50 6.13 Japan May 1.22 0.00 15.00 11.50 15.10 0.00 1.12 Jun 1.32 0.00 15.00 11.50 15.10 0.00 1.22 Mexico May 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Jun 4.82 26.00 16.70 25.00 43.20 1.50 2.82 Southeast Asia 7/ May 2.48 29.34 17.00 37.50 45.40 0.76 2.66 Jun 2.48 29.34 16.00 37.00 44.90 0.76 2.16 South Korea May 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Jun 1.81 0.08 9.70 7.50 9.80 0.00 1.78 Canada May 2.37 15.30 0.50 8.80 14.20 1.55 2.42 Jun 2.37 15.30 0.50 8.80 14.20 1.55 2.42 China May 79.55 225.00 5.00 172.00 249.00 0.05 60.50 Jun 79.55 225.00 5.00 172.00 249.00 0.05 60.50 FSU-12 May 2.25 53.50 0.41 18.97 21.86 31.85 2.44 Jun 2.75 49.50 0.41 17.07 19.86 29.85 2.95 Ukraine May 0.89 30.00 0.03 4.50 5.80 24.00 1.11 Jun 1.39 30.00 0.03 4.50 5.80 24.00 1.61 ================================================================================ WASDE - 578 - 24 June 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/ 132.76 486.66 41.33 482.68 47.28 136.74 United States 1.48 7.12 0.75 4.17 3.70 1.46 Total Foreign 131.29 479.55 40.59 478.51 43.57 135.28 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 11.90 77.61 1.18 9.03 Brazil 0.31 8.38 0.61 8.00 0.83 0.48 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 1.81 3.37 0.04 0.57 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/ 136.74 488.31 48.50 481.17 48.25 143.89 United States 1.46 5.66 0.86 3.81 2.99 1.18 Total Foreign 135.28 482.65 47.64 477.36 45.27 142.70 Major Exporters 4/ 27.12 166.45 0.65 133.92 34.30 26.00 India 20.55 110.00 0.00 97.35 13.00 20.20 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/ 9.03 66.50 14.10 78.55 1.08 9.99 Brazil 0.48 8.08 0.70 8.05 0.75 0.45 European Union 6/ 1.18 2.04 1.90 3.65 0.30 1.17 Indonesia 2.92 37.00 2.00 38.00 0.00 3.91 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/ 0.57 1.67 1.83 3.42 0.04 0.61 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 0.18 0.85 0.92 0.10 0.19 South Korea 1.73 3.97 0.41 4.87 0.01 1.23 ================================================================================ WASDE - 578 - 25 June 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/ May 143.81 489.50 46.37 488.63 49.30 144.68 Jun 143.89 487.35 46.60 488.06 49.35 143.18 United States May 1.09 6.45 0.83 3.87 3.21 1.29 Jun 1.18 6.45 0.86 3.91 3.27 1.32 Total Foreign May 142.73 483.05 45.54 484.76 46.09 143.40 Jun 142.70 480.90 45.74 484.15 46.08 141.87 Major Exporters 4/ May 25.80 166.08 0.65 133.70 34.80 24.03 Jun 26.00 166.28 0.65 134.10 34.80 24.03 India May 20.00 109.00 0.00 98.00 13.00 18.00 Jun 20.20 109.00 0.00 98.20 13.00 18.00 Pakistan May 1.47 7.40 0.00 3.50 4.00 1.37 Jun 1.47 7.40 0.00 3.50 4.00 1.37 Thailand May 3.19 21.00 0.25 10.00 11.00 3.44 Jun 3.19 21.20 0.25 10.20 11.00 3.44 Vietnam May 1.15 28.68 0.40 22.20 6.80 1.22 Jun 1.15 28.68 0.40 22.20 6.80 1.22 Major Importers 5/ May 9.82 66.73 13.80 79.42 1.03 9.89 Jun 9.99 66.73 13.80 79.37 1.03 10.11 Brazil May 0.48 8.02 0.70 8.15 0.70 0.35 Jun 0.45 8.02 0.70 8.10 0.70 0.37 European Union 6/ May 1.17 2.00 2.00 3.70 0.30 1.17 Jun 1.17 2.00 2.00 3.70 0.30 1.17 Indonesia May 3.71 37.30 1.20 38.20 0.00 4.01 Jun 3.91 37.30 1.20 38.20 0.00 4.21 Nigeria May 0.94 3.78 3.00 6.90 0.00 0.82 Jun 0.94 3.78 3.00 6.90 0.00 0.82 Philippines May 2.50 12.35 1.10 13.40 0.00 2.55 Jun 2.50 12.35 1.10 13.40 0.00 2.55 Sel. Mideast 7/ May 0.76 1.82 3.85 5.73 0.00 0.70 Jun 0.76 1.82 3.85 5.73 0.00 0.70 Burma May 0.36 13.40 0.01 9.90 3.50 0.37 Jun 0.36 13.40 0.01 9.90 3.50 0.37 C. Amer & Carib 8/ May 0.60 1.72 1.94 3.59 0.03 0.64 Jun 0.61 1.72 1.94 3.59 0.03 0.65 China May 93.99 144.50 5.50 145.00 1.70 97.29 Jun 93.99 142.20 5.50 144.00 1.70 95.99 Egypt May 1.33 3.30 0.20 4.20 0.02 0.61 Jun 1.33 3.30 0.40 4.40 0.02 0.61 Japan May 2.26 7.60 0.69 8.40 0.05 2.10 Jun 2.26 7.60 0.69 8.40 0.05 2.10 Mexico May 0.21 0.21 0.88 0.94 0.09 0.27 Jun 0.19 0.18 0.88 0.94 0.09 0.22 South Korea May 1.23 3.85 0.41 4.50 0.01 0.98 Jun 1.23 3.85 0.41 4.50 0.01 0.98 ================================================================================ WASDE - 578 - 26 June 2018 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2016/17 World 95.03 106.63 37.66 114.81 37.40 0.16 86.94 United States 3.80 17.17 0.01 3.25 14.92 0.06 2.75 Total Foreign 91.23 89.46 37.65 111.56 22.48 0.10 84.19 Major Exporters 4/ 22.71 50.69 3.63 31.96 19.27 0.01 25.79 Central Asia 5/ 2.37 5.99 3/ 2.87 3.09 0.00 2.40 Afr. Fr. Zone 6/ 1.38 5.09 3/ 0.14 4.33 0.01 2.00 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/ 66.81 35.86 31.88 75.67 2.04 0.09 56.75 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 1.52 0.13 6.80 6.80 0.00 0.01 1.63 Vietnam 0.78 3/ 5.50 5.40 0.00 0.00 0.88 2017/18 Est. World 86.94 122.76 39.65 120.77 40.13 0.25 88.21 United States 2.75 20.92 0.01 3.35 16.00 0.13 4.20 Total Foreign 84.19 101.84 39.64 117.42 24.13 0.12 84.01 Major Exporters 4/ 25.79 55.92 2.51 32.81 20.70 0.02 30.70 Central Asia 5/ 2.40 6.47 3/ 3.37 2.77 0.00 2.73 Afr. Fr. Zone 6/ 2.00 5.22 3/ 0.14 4.44 0.00 2.65 S. Hemis 7/ 10.06 15.27 0.21 4.46 8.47 0.01 12.60 Australia 2.19 4.90 3/ 0.04 3.90 0.00 3.16 Brazil 6.93 8.90 0.05 3.40 4.20 0.00 8.28 India 11.13 28.50 1.80 24.20 4.75 0.00 12.48 Major Importers 8/ 56.75 42.94 34.69 80.60 2.30 0.10 51.38 Mexico 0.45 1.56 1.00 1.85 0.33 0.03 0.80 China 48.42 27.50 5.30 40.00 0.05 0.00 41.17 European Union 9/ 0.27 1.54 0.72 0.74 1.41 0.01 0.38 Turkey 1.58 4.00 4.10 7.30 0.35 0.00 2.03 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 1.63 0.14 7.40 7.30 0.00 0.01 1.86 Vietnam 0.88 3/ 6.90 6.60 0.00 0.00 1.19 ================================================================================ WASDE - 578 - 27 June 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 May 88.21 121.19 41.12 125.44 41.12 0.22 83.75 Jun 88.21 120.40 41.06 125.35 41.07 0.22 83.02 United States May 4.70 19.50 0.01 3.40 15.50 0.11 5.20 Jun 4.20 19.50 0.01 3.40 15.50 0.11 4.70 Total Foreign May 83.51 101.69 41.12 122.04 25.62 0.11 78.55 Jun 84.01 100.90 41.05 121.95 25.57 0.11 78.32 Major Exporters 4/ May 30.50 55.24 2.14 34.20 21.69 0.02 31.97 Jun 30.70 55.28 2.17 34.27 21.71 0.02 32.15 Central Asia 5/ May 2.77 6.52 3/ 3.66 2.57 0.00 3.06 Jun 2.73 6.50 3/ 3.72 2.58 0.00 2.94 Afr. Fr. Zone 6/ May 2.57 5.21 3/ 0.14 4.73 0.00 2.91 Jun 2.65 5.28 3/ 0.14 4.74 0.00 3.05 S. Hemis 7/ May 12.30 14.46 0.22 4.54 9.85 0.01 12.59 Jun 12.60 14.46 0.22 4.54 9.85 0.01 12.89 Australia May 3.06 4.00 3/ 0.04 4.50 0.00 2.52 Jun 3.16 3.80 3/ 0.04 4.40 0.00 2.52 Brazil May 8.08 8.80 0.08 3.45 4.80 0.00 8.70 Jun 8.28 9.00 0.08 3.45 4.90 0.00 9.00 India May 12.63 28.50 1.50 25.20 4.25 0.00 13.18 Jun 12.48 28.50 1.50 25.20 4.25 0.00 13.03 Major Importers 8/ May 51.08 43.40 36.52 83.78 2.69 0.09 44.45 Jun 51.38 42.60 36.42 83.65 2.64 0.09 44.02 Mexico May 0.80 1.60 0.90 1.85 0.55 0.03 0.88 Jun 0.80 1.60 0.93 1.85 0.55 0.03 0.90 China May 40.97 27.00 7.00 41.50 0.05 0.00 33.42 Jun 41.17 26.50 7.00 41.50 0.05 0.00 33.12 European Union 9/ May 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Jun 0.38 1.56 0.71 0.74 1.48 0.00 0.42 Turkey May 1.98 4.30 3.60 7.40 0.35 0.00 2.13 Jun 2.03 4.30 3.60 7.40 0.35 0.00 2.18 Pakistan May 2.78 8.80 2.10 10.50 0.25 0.03 2.91 Jun 2.78 8.50 2.20 10.50 0.20 0.03 2.76 Indonesia May 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Jun 0.62 3/ 3.50 3.50 0.01 0.00 0.62 Thailand May 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Jun 0.18 3/ 1.08 1.05 0.00 0.03 0.18 Bangladesh May 1.88 0.14 7.90 7.80 0.00 0.01 2.11 Jun 1.86 0.14 7.90 7.80 0.00 0.01 2.08 Vietnam May 1.09 3/ 7.70 7.40 0.00 0.00 1.39 Jun 1.19 3/ 7.70 7.50 0.00 0.00 1.39 ================================================================================ WASDE - 578 - 28 June 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/ 78.39 350.84 144.32 287.32 328.63 147.54 97.38 United States 5.35 116.92 0.61 51.74 55.51 59.16 8.21 Total Foreign 73.03 233.92 143.72 235.57 273.12 88.39 89.17 Major Exporters 3/ 50.24 185.94 1.94 87.54 95.54 79.51 63.08 Argentina 31.60 57.80 1.67 43.30 47.83 7.03 36.22 Brazil 18.56 114.60 0.25 40.41 43.81 63.14 26.46 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/ 97.38 336.70 152.96 299.65 342.44 152.11 92.49 United States 8.21 119.52 0.68 54.84 58.46 56.20 13.75 Total Foreign 89.17 217.18 152.28 244.81 283.98 95.91 78.74 Major Exporters 3/ 63.08 167.70 3.59 87.08 95.33 86.05 52.98 Argentina 36.22 37.00 3.35 40.30 44.92 3.50 28.15 Brazil 26.46 119.00 0.23 43.00 46.54 74.65 24.50 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/ May 92.16 354.54 159.54 313.34 357.72 161.82 86.70 Jun 92.49 355.24 159.37 313.47 357.70 162.37 87.02 United States May 14.43 116.48 0.68 54.30 57.98 62.32 11.29 Jun 13.75 116.48 0.68 54.43 58.11 62.32 10.48 Total Foreign May 77.73 238.06 158.86 259.04 299.75 99.50 75.41 Jun 78.74 238.76 158.69 259.04 299.59 100.05 76.55 Major Exporters 3/ May 51.98 185.80 2.26 91.23 99.83 89.12 51.09 Jun 52.98 186.80 2.09 91.23 99.84 89.77 52.26 Argentina May 28.78 56.00 1.85 44.00 48.94 8.00 29.69 Jun 28.15 56.00 1.85 44.00 48.94 8.00 29.06 Brazil May 22.87 117.00 0.40 43.20 46.77 72.30 21.20 Jun 24.50 118.00 0.23 43.20 46.78 72.95 23.00 Paraguay May 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Jun 0.28 9.80 0.01 3.95 4.03 5.90 0.15 Major Importers 4/ May 22.86 18.27 134.29 128.51 153.39 0.50 21.52 Jun 22.86 18.27 134.29 128.51 153.39 0.50 21.52 China May 20.64 14.10 103.00 102.00 118.40 0.15 19.19 Jun 20.64 14.10 103.00 102.00 118.40 0.15 19.19 European Union May 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Jun 1.07 2.75 14.20 14.90 16.55 0.30 1.17 Japan May 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Jun 0.21 0.26 3.25 2.30 3.47 0.00 0.26 Mexico May 0.09 0.49 4.65 5.05 5.09 0.00 0.14 Jun 0.09 0.49 4.65 5.05 5.09 0.00 0.14 ================================================================================ WASDE - 578 - 29 June 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/ 13.09 235.65 60.93 233.09 64.70 11.89 United States 0.36 43.27 0.45 31.93 11.88 0.27 Total Foreign 12.73 192.38 60.47 201.16 52.81 11.61 Major Exporters 3/ 7.51 70.91 0.04 25.87 45.60 6.99 Argentina 3.34 30.95 0.00 3.00 28.50 2.79 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/ May 11.57 246.36 62.53 243.22 65.82 11.42 Jun 11.89 246.54 62.53 243.42 65.82 11.72 United States May 0.27 42.86 0.32 31.93 11.25 0.27 Jun 0.27 43.05 0.32 32.11 11.25 0.27 Total Foreign May 11.30 203.50 62.22 211.29 54.57 11.15 Jun 11.61 203.50 62.22 211.31 54.57 11.45 Major Exporters 3/ May 6.69 74.49 0.04 27.25 47.40 6.58 Jun 6.99 74.49 0.04 27.25 47.40 6.87 Argentina May 2.49 33.66 0.00 3.20 30.50 2.45 Jun 2.79 33.66 0.00 3.20 30.50 2.75 Brazil May 4.05 33.55 0.03 18.15 15.50 3.98 Jun 4.05 33.55 0.03 18.15 15.50 3.98 India May 0.15 7.28 0.01 5.90 1.40 0.14 Jun 0.15 7.28 0.01 5.90 1.40 0.14 Major Importers 4/ May 1.55 16.81 36.98 53.35 0.50 1.49 Jun 1.55 16.81 36.98 53.35 0.50 1.49 European Union May 0.37 11.77 18.50 29.94 0.30 0.39 Jun 0.37 11.77 18.50 29.94 0.30 0.39 Southeast Asia 5/ May 1.12 3.30 16.83 20.02 0.20 1.03 Jun 1.12 3.30 16.83 20.02 0.20 1.03 ================================================================================ WASDE - 578 - 30 June 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/ 3.58 53.79 10.85 53.49 11.26 3.48 United States 0.77 10.04 0.15 9.01 1.16 0.78 Total Foreign 2.81 43.75 10.71 44.48 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/ 1.16 17.89 5.81 23.58 0.21 1.08 China 0.52 15.77 0.71 16.35 0.12 0.54 India 0.48 1.62 3.53 5.20 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 55.81 10.23 55.43 10.71 3.37 United States 0.78 10.50 0.14 9.34 1.09 0.99 Total Foreign 2.70 45.31 10.09 46.09 9.62 2.38 Major Exporters 3/ 0.69 18.88 0.31 12.32 6.91 0.65 Argentina 0.28 7.80 0.00 3.21 4.68 0.20 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 24.47 0.25 0.92 China 0.54 17.02 0.45 17.30 0.17 0.54 India 0.43 1.48 3.35 5.00 0.00 0.25 North Africa 5/ 0.11 0.60 1.66 2.17 0.08 0.13 2018/19 Proj. World 2/ May 3.18 58.35 10.58 57.92 10.96 3.23 Jun 3.37 58.38 10.68 57.57 11.19 3.67 United States May 0.86 10.45 0.14 9.66 0.95 0.83 Jun 0.99 10.48 0.14 9.66 0.95 0.99 Total Foreign May 2.32 47.90 10.45 48.26 10.01 2.40 Jun 2.38 47.90 10.55 47.91 10.23 2.69 Major Exporters 3/ May 0.67 19.63 0.31 12.64 7.23 0.75 Jun 0.65 19.63 0.31 12.39 7.45 0.75 Argentina May 0.23 8.51 0.00 3.42 5.10 0.22 Jun 0.20 8.51 0.00 3.17 5.33 0.22 Brazil May 0.20 8.29 0.06 6.98 1.33 0.24 Jun 0.20 8.29 0.06 6.98 1.33 0.24 European Union May 0.25 2.83 0.25 2.25 0.80 0.29 Jun 0.25 2.83 0.25 2.25 0.80 0.29 Major Importers 4/ May 0.82 20.60 5.61 25.97 0.24 0.82 Jun 0.92 20.60 5.71 25.87 0.24 1.12 China May 0.54 18.28 0.35 18.45 0.15 0.57 Jun 0.54 18.28 0.35 18.45 0.15 0.57 India May 0.15 1.64 3.55 5.20 0.01 0.13 Jun 0.25 1.64 3.65 5.10 0.01 0.43 North Africa 5/ May 0.13 0.69 1.71 2.32 0.09 0.12 Jun 0.13 0.69 1.71 2.32 0.09 0.12 ================================================================================ WASDE - 578 - 31 June 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 10385 1452 11962 25129 2186 54.4 II* 6730 6380 13162 10615 1470 12220 25382 2218 55.8 III* 6895 6505 13453 10750 1480 12370 25823 2242 54.0 IV* 7035 7185 14276 10700 1535 12370 26646 2285 53.9 MayProj. 27215 26770 54203 42330 5917 48786 102989 8926 218.7 JunProj. 27125 26715 54058 42450 5937 48922 102980 8931 218.0 2019 I* 6560 6800 13414 10625 1475 12227 25641 2235 55.1 MayProj. 27715 27610 55542 43300 5970 49816 105358 9110 221.5 JunProj. 27715 27610 55542 43300 5970 49816 105358 9110 221.1 ================================================================================ 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 17.73 IV 117.88 44.89 86.1 88.0 147.0 17.83 Annual 121.52 50.48 93.5 96.1 100.9 17.65 2018 I 125.60 49.12 95.7 79.4 179.6 15.67 II* 116-119 46-47 112-115 79-80 118-121 16.10-16.30 III* 106-112 44-46 99-105 78-82 117-123 17.00-17.50 IV* 108-116 36-38 93-101 86-94 125-135 17.70-18.50 MayProj. 114-119 43-45 100-104 80-84 136-142 16.20-16.70 JunProj. 114-118 44-45 100-104 81-84 135-140 16.60-17.00 2019 I* 116-126 41-45 96-104 77-83 115-125 16.85-17.85 MayProj. 113-122 43-46 97-105 84-91 120-130 16.25-17.25 JunProj. 113-122 42-45 97-105 84-91 120-130 16.70-17.70 ================================================================================ WASDE - 578 - 32 June 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. May 649 27278 3032 30958 3035 680 27243 58.1 Jun 649 27188 3052 30888 3050 680 27158 57.9 2019 Proj. May 680 27778 3140 31598 3150 690 27758 58.8 Jun 680 27778 3140 31598 3150 690 27758 58.8 Pork 2017 507 25598 1116 27221 5632 554 21035 50.1 2018 Proj. May 554 26784 1099 28437 5916 575 21946 51.9 Jun 554 26729 1144 28427 5991 575 21861 51.7 2019 Proj. May 575 27624 1120 29319 6125 585 22609 53.1 Jun 575 27624 1165 29364 6165 585 22614 53.1 TotalRed Meat5/ 2017 1304 52078 4362 57744 8500 1246 47998 108.2 2018 Proj. May 1246 54291 4383 59920 8958 1303 49659 111.2 Jun 1246 54146 4448 59840 9048 1303 49489 110.9 2019 Proj. May 1303 55630 4516 61449 9283 1323 50843 113.2 Jun 1303 55630 4561 61494 9323 1323 50848 113.2 Broiler 2017 778 41217 126 42120 6780 856 34484 90.9 2018 Proj. May 856 41877 133 42866 6938 830 35098 91.9 Jun 856 41996 133 42985 6938 830 35217 92.2 2019 Proj. May 830 42837 136 43803 7100 860 35843 93.2 Jun 830 42837 136 43803 7100 860 35843 93.2 Turkey 2017 279 5981 24 6284 621 310 5353 16.4 2018 Proj. May 310 5917 26 6253 653 325 5275 16.1 Jun 310 5937 26 6273 663 325 5285 16.1 2019 Proj. May 325 5970 28 6323 655 310 5358 16.2 Jun 325 5970 28 6323 655 310 5358 16.2 Total Poultry6/ 2017 1065 47732 154 48950 7531 1170 40248 108.6 2018 Proj. May 1170 48333 163 49666 7714 1163 40789 109.2 Jun 1170 48467 163 49800 7724 1163 40913 109.5 2019 Proj. May 1163 49352 168 50683 7895 1178 41610 110.7 Jun 1163 49352 168 50683 7890 1178 41615 110.7 RedMeat& Poultry 2017 2369 99810 4515 106695 16032 2416 88247 216.8 2018 Proj. May 2416 102624 4546 109586 16672 2466 90448 220.4 Jun 2416 102612 4611 109640 16772 2466 90402 220.4 2019 Proj. May 2466 104982 4684 112132 17178 2501 92453 223.9 Jun 2466 104982 4729 112177 17213 2501 92463 223.9 ================================================================================ WASDE - 578 - 33 June 2018 U.S. Egg Supply and Use ================================================================================ 2016 2017 2018Proj. 2018Proj. 2019Proj. 2019Proj. Commodity May Jun May Jun ================================================================================ Million Dozen Eggs Supply BeginningStocks 73.6 142.2 87.5 87.5 101.0 90.0 Production 8578.7 8807.8 8925.6 8930.6 9110.0 9110.0 Imports 129.5 34.1 33.0 28.0 40.0 35.0 Total Supply 8781.8 8984.1 9046.1 9046.1 9251.0 9235.0 Use Exports 302.8 354.0 335.9 335.9 340.0 340.0 Hatching Use 1009.6 1034.9 1052.0 1052.0 1075.0 1075.0 Ending Stocks 142.2 87.5 101.0 90.0 96.0 90.0 Disappearance Total 7327.1 7507.7 7557.2 7568.2 7740.0 7730.0 Per Capita (number) 271.7 276.4 276.3 276.7 281.2 280.8 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2016 2017 2018Proj. 2018Proj. 2019Proj. 2019Proj. Commodity May Jun May Jun ================================================================================ Billion Pounds Milk Production 212.4 215.5 218.7 218.0 221.5 221.1 Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Beg.CommercialStocks 12.3 12.7 13.5 13.4 12.6 12.6 Marketings 211.4 214.5 217.7 217.1 220.5 220.1 Imports 7.0 6.0 5.5 5.8 5.5 5.6 Total Cml. Supply 230.8 233.2 236.6 236.3 238.6 238.3 Commercial Exports 8.4 9.2 9.9 10.2 10.2 9.8 Ending Commercial Stocks 12.7 13.4 12.6 12.6 11.8 11.8 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 209.6 210.5 214.2 213.5 216.6 216.7 Beg.CommercialStocks 9.2 9.5 11.8 11.8 11.0 10.4 Marketings 211.4 214.5 217.7 217.1 220.5 220.1 Imports 6.5 6.1 5.8 5.6 5.8 5.6 Total Cml. Supply 227.1 230.1 235.3 234.5 237.3 236.1 Commercial Exports 39.0 40.8 45.1 46.2 45.3 45.6 Ending Commercial Stocks 9.5 11.8 11.0 10.4 10.8 10.7 CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0 Domestic Commercial Use 178.5 177.5 179.1 177.9 181.1 179.8 ================================================================================ WASDE - 578 - 34 June 2018 U.S. Dairy Prices ================================================================================ Commod- 2016 2017 2018 Proj. 2018 Proj. 2019 Proj. 2019 Proj. ity May Jun May Jun ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6050 1.6344 1.600-1.650 1.605-1.645 1.585-1.685 1.625-1.725 Butter 2.0777 2.3303 2.245-2.325 2.295-2.365 2.215-2.345 2.210-2.340 Nonfat Dry Milk 0.8292 0.8666 0.740-0.780 0.775-0.815 0.745-0.815 0.755-0.825 Dry Whey 0.2875 0.4437 0.255-0.285 0.295-0.315 0.285-0.315 0.300-0.330 Milk Prices 2/ Dollars Per Cwt ClassIII 14.87 16.17 14.80-15.30 15.05-15.45 14.80-15.80 15.30-16.30 Class IV 13.77 15.16 13.75-14.35 14.30-14.80 13.65-14.75 13.70-14.80 All Milk 3/ 16.30 17.65 16.20-16.70 16.60-17.00 16.25-17.25 16.70-17.70 ================================================================================ WASDE - 578 - 35 June 2018 Reliability of June 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 3.1 5.3 16.4 0.4 32.2 24 13 U.S. 5.9 10.0 2.8 0.0 8.4 21 16 Foreign 3.3 5.6 15.3 1.1 31.9 23 13 Exports World 6.2 10.5 6.3 0.0 19.2 26 10 U.S. 12.3 20.9 3.0 0.1 10.2 21 16 Foreign 6.7 11.4 5.5 0.6 19.8 28 8 Domestic Use World 2.2 3.8 10.2 0.5 27.5 23 14 U.S. 7.2 12.2 1.8 0.0 6.4 18 19 Foreign 2.2 3.8 10.0 0.6 28.6 24 12 Ending Stocks World 10.5 17.9 12.9 1.7 40.5 24 13 U.S. 18.9 32.1 3.4 0.1 14.9 22 15 Foreign 10.8 18.3 10.8 0.8 36.1 23 13 COARSE GRAINS 2/ Production World 3.7 6.3 26.3 0.6 103.3 20 17 U.S. 14.0 23.7 20.4 1.0 103.8 19 18 Foreign 2.8 4.7 14.4 0.4 41.6 18 18 Exports World 7.9 13.3 7.9 0.3 24.0 26 11 U.S. 29.6 50.2 8.4 0.1 30.8 16 21 Foreign 14.1 23.9 7.1 0.5 19.2 23 13 Domestic Use World 2.0 3.4 14.7 0.7 66.7 17 20 U.S. 5.7 9.8 7.7 0.1 37.0 24 13 Foreign 2.0 3.4 11.2 0.1 34.7 18 18 Ending Stocks World 20.0 33.9 22.0 1.7 69.9 25 12 U.S. 51.5 87.3 16.1 0.5 57.6 20 17 Foreign 15.9 26.9 12.4 0.1 41.6 27 9 RICE, milled Production World 2.4 4.1 7.1 0.3 21.8 24 13 U.S. 7.2 12.3 0.3 0.0 1.1 20 17 Foreign 2.5 4.2 7.1 0.4 21.9 23 13 Exports World 9.7 16.5 1.7 0.1 7.5 27 10 U.S. 11.6 19.6 0.3 0.0 1.0 19 15 Foreign 10.7 18.1 1.7 0.1 7.1 27 9 Domestic Use World 1.9 3.3 4.9 0.0 20.3 24 13 U.S. 8.6 14.6 0.2 0.0 0.5 15 22 Foreign 2.0 3.3 4.9 0.0 20.8 25 11 Ending Stocks World 14.8 25.0 6.8 0.2 23.3 26 11 U.S. 32.1 54.5 0.3 0.0 0.9 20 15 Foreign 16.0 27.2 7.0 0.4 23.3 26 10 ================================================================================ WASDE - 578 - 36 June 2018 Reliability of June 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 11.6 1.5 27.9 5 9 U.S. 9.0 15.2 4.6 0.0 13.8 19 18 Foreign NA NA 9.6 1.2 23.9 6 7 Exports World NA NA 5.1 0.5 10.4 8 6 U.S. 15.1 25.6 3.0 0.3 6.4 21 16 Foreign NA NA 4.0 0.4 11.4 8 5 Domestic Use World NA NA 6.5 0.3 17.0 6 8 U.S. 6.3 10.7 2.0 0.1 7.2 23 14 Foreign NA NA 5.5 0.4 11.4 6 7 Ending Stocks World NA NA 7.0 0.1 23.8 7 7 U.S. 56.8 96.4 2.8 0.4 8.4 12 25 Foreign NA NA 6.8 0.7 19.1 7 6 COTTON Production World 6.2 10.5 4.2 0.0 16.4 22 14 U.S. 10.4 17.7 1.5 0.1 5.7 19 18 Foreign 6.3 10.7 3.4 0.2 12.4 22 14 Exports World 10.5 17.9 2.3 0.1 12.4 21 16 U.S. 30.1 51.1 1.5 0.1 4.0 23 14 Foreign 13.4 22.8 1.7 0.1 9.9 19 17 Domestic Use World 4.6 7.8 3.1 0.1 17.1 15 22 U.S. 9.5 16.2 0.5 0.0 1.4 17 19 Foreign 4.7 8.0 3.1 0.0 16.3 18 18 Ending Stocks World 17.4 29.5 6.3 0.5 18.6 25 12 U.S. 41.8 71.0 1.5 0.1 4.6 18 19 Foreign 16.6 28.2 5.3 0.3 17.7 26 10 ================================================================================ WASDE - 578 - 37 June 2018 Reliability of United States June 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 16.5 28.1 801 8 4010 19 18 Exports 31.1 52.7 305 38 1150 17 20 Domestic Use 13.7 23.2 458 0 5888 23 13 Ending Stocks 61.7 104.7 581 32 2091 20 17 SORGHUM Production 20.4 34.7 88 0 228 17 19 Exports 33.5 56.9 45 0 190 17 19 Domestic Use 24.8 42.2 53 0 140 16 20 Ending Stocks 68.3 115.9 47 0 191 13 23 BARLEY Production 14.4 24.5 28 1 206 14 23 Exports 77.9 132.1 14 0 92 19 15 Domestic Use 11.6 19.7 30 0 95 17 19 Ending Stocks 21.8 37.1 22 1 79 16 21 OATS Production 24.4 41.4 31 1 231 8 29 Exports 113.7 192.9 1 0 8 10 12 Domestic Use 10.8 18.4 21 0 160 13 22 Ending Stocks 31.2 53.0 17 0 77 11 24 Thousand Short Tons SOYBEAN MEAL Production 5.8 9.8 1321 57 4919 23 14 Exports 17.9 30.4 992 50 2650 24 13 Domestic Use 4.8 8.1 926 24 4650 19 18 Ending Stocks 45.4 77.0 52 0 488 12 14 Million Pounds SOYBEAN OIL Production 5.4 9.2 649 18 2330 27 10 Exports 33.7 57.2 452 0 1700 20 16 Domestic Use 4.1 6.9 424 0 2100 22 14 Ending Stocks 38.2 64.8 460 0 1432 19 17 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.8 747 41 2727 18 6 Pork 3.3 5.7 520 61 1722 16 8 Broilers 2.4 4.1 668 55 1465 10 14 Turkeys 4.0 6.9 167 2 478 12 12 Million Dozen Eggs 1.5 2.5 89 2 259 17 7 Billion Pounds Milk 1.6 2.7 2.0 0.0 7.0 11 9 ================================================================================