WASDE - 636 - 8 May 2023 World and U.S. Supply and Use for Grains 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World Total Grains 4/ 2021/22 2798.13 3593.89 513.28 2803.55 790.34 2022/23 (Est.) 2738.00 3528.35 485.75 2768.15 760.19 2023/24 (Proj.) Apr NA NA NA NA NA May 2819.82 3580.01 500.44 2810.20 769.81 Wheat 2021/22 780.29 1065.79 202.98 793.12 272.67 2022/23 (Est.) 788.26 1060.94 215.24 794.65 266.28 2023/24 (Proj.) Apr NA NA NA NA NA May 789.76 1056.05 209.72 791.70 264.34 Coarse Grains 5/ 2021/22 1503.97 1827.05 253.44 1491.66 335.39 2022/23 (Est.) 1441.33 1776.72 215.02 1451.98 324.73 2023/24 (Proj.) Apr NA NA NA NA NA May 1509.53 1834.26 234.91 1495.48 338.78 Rice, milled 2021/22 513.87 701.05 56.87 518.77 182.28 2022/23 (Est.) 508.41 690.70 55.49 521.52 169.18 2023/24 (Proj.) Apr NA NA NA NA NA May 520.52 689.70 55.81 523.02 166.68 United States Total Grains 4/ 2021/22 448.60 513.38 94.85 360.68 57.85 2022/23 (Est.) 408.46 474.26 70.50 348.04 55.72 2023/24 (Proj.) Apr NA NA NA NA NA May 453.29 516.49 81.49 359.39 75.61 Wheat 2021/22 44.80 70.40 21.78 29.61 19.01 2022/23 (Est.) 44.90 67.31 21.09 29.94 16.28 2023/24 (Proj.) Apr NA NA NA NA NA May 45.16 65.12 19.73 30.26 15.12 Coarse Grains 5/ 2021/22 397.71 434.32 70.46 326.28 37.58 2022/23 (Est.) 358.47 399.34 47.47 313.31 38.56 2023/24 (Proj.) Apr NA NA NA NA NA May 402.01 443.15 59.41 324.23 59.50 Rice, milled 2021/22 6.08 8.67 2.61 4.80 1.26 2022/23 (Est.) 5.09 7.61 1.94 4.79 0.88 2023/24 (Proj.) Apr NA NA NA NA NA May 6.12 8.23 2.35 4.89 0.99 ================================================================================ WASDE - 636 - 9 May 2023 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2021/22 2349.53 3080.51 418.44 2442.87 732.49 2022/23 (Est.) 2329.54 3054.09 415.25 2420.11 704.48 2023/24 (Proj.) Apr NA NA NA NA NA May 2366.52 3063.52 418.95 2450.81 694.19 Wheat 2021/22 735.49 995.39 181.20 763.51 253.66 2022/23 (Est.) 743.36 993.62 194.14 764.71 250.00 2023/24 (Proj.) Apr NA NA NA NA NA May 744.61 990.93 189.99 761.44 249.22 Coarse Grains 5/ 2021/22 1106.26 1392.74 182.98 1165.38 297.81 2022/23 (Est.) 1082.86 1377.38 167.55 1138.67 286.18 2023/24 (Proj.) Apr NA NA NA NA NA May 1107.51 1391.11 175.50 1171.24 279.28 Rice, milled 2021/22 507.78 692.38 54.26 513.97 181.02 2022/23 (Est.) 503.32 683.09 53.56 516.72 168.30 2023/24 (Proj.) Apr NA NA NA NA NA May 514.41 681.47 53.46 518.13 165.69 ================================================================================ World and U.S. Supply and Use for Cotton 1/ Million 480-lb. Bales ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use 3/ Stocks ================================================================================ World 2021/22 115.78 202.00 43.00 115.90 86.16 2022/23 (Est.) 116.36 202.51 38.27 109.63 92.63 2023/24 (Proj.) Apr NA NA NA NA NA May 115.69 208.32 42.85 116.23 92.28 United States 2021/22 17.52 20.68 14.62 2.55 3.75 2022/23 (Est.) 14.47 18.22 12.60 2.10 3.50 2023/24 (Proj.) Apr NA NA NA NA NA May 15.50 19.01 13.50 2.20 3.30 Foreign 4/ 2021/22 98.26 181.32 28.38 113.35 82.41 2022/23 (Est.) 101.89 184.29 25.67 107.53 89.13 2023/24 (Proj.) Apr NA NA NA NA NA May 100.19 189.32 29.35 114.03 88.98 ================================================================================ WASDE - 636 - 10 May 2023 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) ================================================================================ Total Total Ending Commodity Output Supply Trade Use 2/ Stocks ================================================================================ World Oilseeds 2021/22 610.63 726.43 178.97 510.74 117.52 2022/23 (Est.) 627.44 744.96 200.18 521.84 117.93 2023/24 (Proj.) Apr NA NA NA NA NA May 671.23 789.16 200.75 542.53 139.03 Oilmeals 2021/22 349.64 368.44 96.17 346.74 19.30 2022/23 (Est.) 355.51 374.81 95.00 355.28 16.33 2023/24 (Proj.) Apr NA NA NA NA NA May 371.25 387.58 99.37 365.58 18.41 Vegetable Oils 2021/22 207.86 236.55 79.40 202.55 29.10 2022/23 (Est.) 217.05 246.15 87.27 211.34 30.05 2023/24 (Proj.) Apr NA NA NA NA NA May 223.29 253.34 88.68 217.99 30.59 United States Oilseeds 2021/22 131.35 141.16 59.71 63.87 9.14 2022/23 (Est.) 125.93 136.52 55.70 64.73 7.58 2023/24 (Proj.) Apr NA NA NA NA NA May 132.85 141.67 54.82 67.21 10.89 Oilmeals 2021/22 49.27 53.22 12.44 40.43 0.35 2022/23 (Est.) 50.07 54.60 12.75 41.45 0.40 2023/24 (Proj.) Apr NA NA NA NA NA May 51.81 56.39 13.67 42.26 0.45 Vegetable Oils 2021/22 13.06 19.61 1.05 17.29 1.27 2022/23 (Est.) 13.28 20.58 0.38 18.91 1.29 2023/24 (Proj.) Apr NA NA NA NA NA May 13.71 21.28 0.45 19.58 1.26 Foreign 3/ Oilseeds 2021/22 479.28 585.27 119.27 446.87 108.38 2022/23 (Est.) 501.52 608.43 144.48 457.11 110.35 2023/24 (Proj.) Apr NA NA NA NA NA May 538.38 647.49 145.92 475.32 128.14 Oilmeals 2021/22 300.37 315.22 83.73 306.31 18.95 2022/23 (Est.) 305.44 320.21 82.25 313.83 15.93 2023/24 (Proj.) Apr NA NA NA NA NA May 319.44 331.19 85.69 323.32 17.96 Vegetable Oils 2021/22 194.81 216.94 78.35 185.27 27.83 2022/23 (Est.) 203.77 225.57 86.89 192.43 28.76 2023/24 (Proj.) Apr NA NA NA NA NA May 209.58 232.05 88.23 198.42 29.34 ================================================================================ WASDE - 636 - 11 May 2023 U.S. Wheat Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Acres Area Planted 46.7 45.7 NA 49.9* Area Harvested 37.1 35.5 NA 37.1* Bushels Yield per Harvested Acre 44.3 46.5 NA 44.7* Million Bushels Beginning Stocks 845 698 NA 598 Production 1646 1650 NA 1659 Imports 95 125 NA 135 Supply, Total 2587 2473 NA 2393 Food 972 975 NA 977 Seed 58 70 NA 65 Feed and Residual 59 55 NA 70 Domestic, Total 1088 1100 NA 1112 Exports 800 775 NA 725 Use, Total 1888 1875 NA 1837 Ending Stocks 698 598 NA 556 Avg.FarmPrice ($/bu) 2/ 7.63 8.85 NA 8.00 ================================================================================ U.S. Wheat by Class: Supply and Use ================================================================================ Year begining Hard Red Hard Red Soft Red June 1 Winter Spring Winter White Durum Total ================================================================================ Million Bushels 2022/23 (Est.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1650 Imports 5 55 5 6 54 125 Supply, Total 3/ 912 647 441 332 142 2473 Food 373 269 163 85 85 975 Seed 29 17 15 6 3 70 Feed and Residual 20 -10 65 -25 5 55 Domestic Use 422 276 243 66 93 1100 Exports 220 220 110 200 25 775 Use, Total 642 496 353 266 118 1875 Ending Stocks, Total May 269 151 88 66 24 598 Apr 262 151 88 66 31 598 ================================================================================ WASDE - 636 - 12 May 2023 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 105.8 100.4 NA 103.6* Area Harvested 94.4 87.1 NA 92.6* Metric Tons Yield per Harvested Acre 4.21 4.11 NA 4.34 Million Metric Tons Beginning Stocks 34.0 37.6 NA 38.5 Production 397.5 358.2 NA 401.7 Imports 2.3 3.0 NA 2.3 Supply, Total 433.8 398.7 NA 442.6 Feed and Residual 148.7 137.7 NA 147.3 Food, Seed & Industrial 177.1 175.0 NA 176.5 Domestic, Total 325.8 312.7 NA 323.7 Exports 70.5 47.5 NA 59.4 Use, Total 396.2 360.2 NA 383.1 Ending Stocks 37.6 38.5 NA 59.5 Million Acres CORN Area Planted 93.3 88.6 NA 92.0* Area Harvested 85.3 79.2 NA 84.1* Bushels Yield per Harvested Acre 176.7 173.3 NA 181.5* Million Bushels Beginning Stocks 1235 1377 NA 1417 Production 15074 13730 NA 15265 Imports 24 40 NA 25 Supply, Total 16333 15147 NA 16707 Feed and Residual 5721 5275 NA 5650 Food,Seed& Industrial 2/ 6764 6680 NA 6735 Ethanol & by-products 3/ 5326 5250 NA 5300 Domestic, Total 12484 11955 NA 12385 Exports 2471 1775 NA 2100 Use, Total 14956 13730 NA 14485 Ending Stocks 1377 1417 NA 2222 Avg.FarmPrice ($/bu) 4/ 6.00 6.60 NA 4.80 ================================================================================ WASDE - 636 - 13 May 2023 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 7.3 6.3 NA 6.0* AreaHarvested(mil.acres) 6.5 4.6 NA 5.2* Yield (bushels/acre) 69.0 41.1 NA 69.2* Beginning Stocks 20 47 NA 25 Production 448 188 NA 360 Imports 0 0 NA 0 Supply, Total 468 235 NA 385 Feed and Residual 81 70 NA 70 Food, Seed & Industrial 45 50 NA 50 Total Domestic 127 120 NA 120 Exports 294 90 NA 235 Use, Total 421 210 NA 355 Ending Stocks 47 25 NA 30 Avg.FarmPrice ($/bu) 2/ 5.94 6.90 NA 4.80 BARLEY AreaPlanted (mil. acres) 2.7 2.9 NA 2.9* AreaHarvested(mil.acres) 2.0 2.4 NA 2.4* Yield (bushels/acre) 60.3 71.7 NA 76.3* Beginning Stocks 71 42 NA 66 Production 120 174 NA 183 Imports 15 23 NA 14 Supply, Total 206 239 NA 263 Feed and Residual 20 40 NA 40 Food, Seed & Industrial 137 130 NA 135 Total Domestic 157 170 NA 175 Exports 7 3 NA 3 Use, Total 164 173 NA 178 Ending Stocks 42 66 NA 85 Avg.FarmPrice ($/bu) 2/ 5.31 7.35 NA 6.10 OATS AreaPlanted (mil. acres) 2.6 2.6 NA 2.7* AreaHarvested(mil.acres) 0.7 0.9 NA 0.9* Yield (bushels/acre) 61.3 64.8 NA 66.7* Beginning Stocks 38 33 NA 32 Production 40 58 NA 60 Imports 81 85 NA 80 Supply, Total 159 175 NA 172 Feed and Residual 44 60 NA 60 Food, Seed & Industrial 79 81 NA 81 Total Domestic 124 141 NA 141 Exports 3 2 NA 2 Use, Total 126 143 NA 143 Ending Stocks 33 32 NA 29 Avg.FarmPrice ($/bu) 2/ 4.55 4.65 NA 3.30 ================================================================================ WASDE - 636 - 14 May 2023 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Acres TOTAL RICE Area Planted 2.53 2.22 NA 2.58* Area Harvested 2.49 2.17 NA 2.54* Pounds Yield per Harvested Acre 7709 7383 NA 7587* Million Hundredweight Beginning Stocks 2/ 43.7 39.7 NA 27.6 Production 191.6 160.4 NA 192.7 Imports 37.8 39.5 NA 39.0 Supply, Total 273.0 239.6 NA 259.3 Domestic & Residual 3/ 151.1 151.0 NA 154.0 Exports, Total 4/ 82.2 61.0 NA 74.0 Rough 28.3 18.0 NA 21.0 Milled (rough equiv.) 53.9 43.0 NA 53.0 Use, Total 233.3 212.0 NA 228.0 Ending Stocks 39.7 27.6 NA 31.3 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 16.10 19.40 NA 17.60 LONG GRAIN RICE Harvested Acres (mil.) 1.94 1.77 Yield (pounds/acre) 7471 7224 Beginning Stocks 29.7 24.6 NA 16.8 Imports 30.7 31.0 NA 31.0 Production 144.6 128.2 NA 142.0 Supply, Total 7/ 205.0 183.8 NA 189.8 Domestic & Residual 3/ 119.7 119.0 NA 121.0 Exports 8/ 60.6 48.0 NA 52.0 Use, Total 180.3 167.0 NA 173.0 Ending Stocks 24.6 16.8 NA 16.8 Avg.FarmPrice($/cwt) 6/ 13.60 16.90 NA 15.00 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.55 0.40 Yield (pounds/acre) 8549 8094 Beginning Stocks 11.5 13.0 NA 8.8 Imports 7.1 8.5 NA 8.0 Production 47.0 32.2 NA 50.7 Supply, Total 7/ 66.0 53.8 NA 67.5 Domestic & Residual 3/ 31.4 32.0 NA 33.0 Exports 8/ 21.5 13.0 NA 22.0 Use, Total 53.0 45.0 NA 55.0 Ending Stocks 13.0 8.8 NA 12.5 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 26.40 29.30 NA 25.70 California 10/ 31.90 36.00 NA 30.00 Other States 1/ 13.90 18.00 NA 16.50 ================================================================================ WASDE - 636 - 15 May 2023 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 87.2 87.5 NA 87.5* Area Harvested 86.3 86.3 NA 86.7* Bushels Yield per Harvested Acre 51.7 49.5 NA 52.0* Million Bushels Beginning Stocks 257 274 NA 215 Production 4465 4276 NA 4510 Imports 16 20 NA 20 Supply, Total 4738 4571 NA 4745 Crushings 2204 2220 NA 2310 Exports 2158 2015 NA 1975 Seed 102 102 NA 101 Residual 1 19 NA 25 Use, Total 4464 4355 NA 4411 Ending Stocks 274 215 NA 335 Avg.FarmPrice ($/bu) 2/ 13.30 14.20 NA 12.10 Million Pounds SOYBEAN OIL Beginning Stocks 2131 1991 NA 1936 Production 4/ 26155 26195 NA 27145 Imports 303 325 NA 350 Supply, Total 28590 28511 NA 29431 Domestic Disappearance 24825 26125 NA 27000 Biofuel 3/ 10348 11600 NA 12500 Food, Feed & other Industrial 14477 14525 NA 14500 Exports 1773 450 NA 600 Use, Total 26599 26575 NA 27600 Ending stocks 1991 1936 NA 1831 Avg. Price (c/lb) 2/ 72.98 64.00 NA 58.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 311 NA 350 Production 4/ 51814 52464 NA 54375 Imports 649 675 NA 650 Supply, Total 52804 53450 NA 55375 Domestic Disappearance 38970 39300 NA 40175 Exports 13524 13800 NA 14800 Use, Total 52493 53100 NA 54975 Ending Stocks 311 350 NA 400 Avg. Price ($/s.t.) 2/ 439.81 455.00 NA 365.00 ================================================================================ WASDE - 636 - 16 May 2023 U.S. Sugar Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2022/23 Est. 2023/24 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1705 1820 1820 1734 Production 2/ 9157 9306 9283 9225 Beet Sugar 5155 5150 5155 4961 Cane Sugar 4002 4156 4127 4264 Florida 1934 2044 2015 2065 Louisiana 1944 2034 2034 2092 Texas 124 78 78 107 Imports 3646 3511 3446 3300 TRQ 3/ 1579 1730 1730 1413 Other Program 4/ 298 250 250 250 Non-program 1769 1531 1466 1637 Mexico 1379 1306 1241 1517 High-tier tariff/other 390 225 225 120 Total Supply 14508 14637 14549 14259 Exports 29 35 35 35 Deliveries 12578 12705 12780 12780 Food 12470 12600 12675 12675 Other 5/ 107 105 105 105 Miscellaneous 81 0 0 0 Total Use 12688 12740 12815 12815 Ending Stocks 1820 1897 1734 1444 Stocks to Use Ratio 14.3 14.9 13.5 11.3 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Actual Weight Sugar 2022/23 Est. Apr 964 5560 35 4499 1123 937 May 964 5385 45 4435 1070 889 2023/24 Proj. Apr NA NA NA NA NA NA May 889 5900 45 4639 1298 897 ================================================================================ WASDE - 636 - 17 May 2023 U.S. Cotton Supply and Use 1/ ================================================================================ 2021/22 2022/23 Est. 2023/24 Proj. 2023/24 Proj. Item Apr May ================================================================================ Million Acres Planted 11.22 13.76 NA 11.26* Harvested 10.27 7.31 NA 8.71* Pounds Yield per Harvested Acre 819 950 NA 854* Million 480 Pound Bales Beginning Stocks 3.15 3.75 NA 3.50 Production 17.52 14.47 NA 15.50 Imports 0.01 0.01 NA 0.01 Supply, Total 20.68 18.22 NA 19.01 Domestic Use 2.55 2.10 NA 2.20 Exports, Total 14.62 12.60 NA 13.50 Use, Total 17.17 14.70 NA 15.70 Unaccounted 2/ -0.24 0.02 NA 0.01 Ending Stocks 3.75 3.50 NA 3.30 Avg. Farm Price 3/ 91.4 82.0 NA 78.0 ================================================================================ WASDE - 636 - 18 May 2023 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 285.50 780.29 199.37 160.98 793.12 202.98 272.67 World Less China 146.38 643.35 189.80 125.98 645.12 202.11 135.91 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 262.50 735.49 196.78 159.38 763.52 181.20 253.66 Major Exporters 4/ 34.88 327.22 5.79 78.40 185.70 142.47 39.72 Argentina 2.32 22.15 0.00 0.25 6.55 16.00 1.93 Australia 3.02 36.24 0.21 5.00 8.50 27.51 3.45 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.24 4.63 45.00 108.25 32.00 13.32 Russia 11.38 75.16 0.30 18.50 41.75 33.00 12.09 Ukraine 1.51 33.01 0.10 4.50 10.50 18.84 5.27 Major Importers 6/ 176.66 203.16 130.33 54.68 323.57 15.31 171.28 Bangladesh 2.14 1.09 6.34 0.55 8.25 0.00 1.31 Brazil 1.91 7.70 6.39 0.45 11.75 3.07 1.18 China 139.12 136.95 9.57 35.00 148.00 0.88 136.76 Japan 1.04 1.13 5.61 0.75 6.30 0.30 1.18 N. Africa 7/ 11.55 20.43 26.61 1.87 47.02 0.41 11.17 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.13 16.47 22.76 3.88 38.77 0.75 9.84 Southeast Asia 9/ 4.45 0.00 27.03 8.50 25.63 1.23 4.62 Selected Other India 27.80 109.59 0.03 7.00 109.88 8.03 19.50 Kazakhstan 1.48 11.81 2.50 1.35 6.20 8.10 1.49 United Kingdom 1.42 13.99 2.64 7.32 15.32 0.87 1.85 2022/23 Est. World 3/ 272.67 788.26 207.19 156.10 794.65 215.24 266.28 World Less China 135.91 650.54 193.69 123.10 646.65 214.34 127.20 United States 19.01 44.90 3.40 1.50 29.94 21.09 16.28 Total Foreign 253.66 743.36 203.79 154.61 764.71 194.14 250.00 Major Exporters 4/ 39.72 332.62 11.68 76.05 183.25 156.50 44.26 Argentina 1.93 12.55 0.01 0.05 6.45 5.50 2.53 Australia 3.45 39.00 0.20 5.00 8.50 31.00 3.15 Canada 3.66 33.82 0.60 4.50 9.55 26.00 2.54 European Union 5/ 13.32 134.34 10.50 43.50 107.50 34.50 16.16 Russia 12.09 92.00 0.30 19.00 42.25 44.50 17.64 Ukraine 5.27 20.90 0.08 4.00 9.00 15.00 2.24 Major Importers 6/ 171.28 205.55 132.38 51.15 321.26 15.27 172.68 Bangladesh 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil 1.18 10.40 5.10 0.50 11.90 3.00 1.78 China 136.76 137.72 13.50 33.00 148.00 0.90 139.08 Japan 1.18 1.04 5.70 0.75 6.35 0.30 1.27 N. Africa 7/ 11.17 17.13 29.40 1.47 46.57 0.70 10.43 Nigeria 0.62 0.11 5.30 0.00 5.30 0.40 0.33 Sel. Mideast 8/ 9.84 17.19 23.18 3.68 39.16 0.57 10.47 Southeast Asia 9/ 4.62 0.00 25.10 7.75 24.65 1.15 3.93 Selected Other India 19.50 104.00 0.04 6.50 108.72 5.32 9.50 Kazakhstan 1.49 16.40 2.00 2.20 7.10 10.00 2.80 United Kingdom 1.85 15.54 1.90 7.00 15.00 1.80 2.49 ================================================================================ WASDE - 636 - 19 May 2023 World Wheat Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Apr NA NA NA NA NA NA NA May 266.28 789.76 207.54 150.86 791.70 209.72 264.34 World Less China Apr NA NA NA NA NA NA NA May 127.20 649.76 197.04 118.86 642.70 208.82 124.66 United States Apr NA NA NA NA NA NA NA May 16.28 45.16 3.67 1.91 30.26 19.73 15.12 Total Foreign Apr NA NA NA NA NA NA NA May 250.00 744.61 203.87 148.96 761.44 189.99 249.22 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 44.26 322.50 8.17 74.60 181.70 155.50 37.73 Argentina Apr NA NA NA NA NA NA NA May 2.53 19.50 0.01 0.10 6.50 13.50 2.04 Australia Apr NA NA NA NA NA NA NA May 3.15 29.00 0.20 4.50 8.00 21.00 3.35 Canada Apr NA NA NA NA NA NA NA May 2.54 37.00 0.60 4.50 9.60 27.50 3.04 European Union 5/ Apr NA NA NA NA NA NA NA May 16.16 139.00 7.00 45.00 109.50 38.00 14.66 Russia Apr NA NA NA NA NA NA NA May 17.64 81.50 0.30 18.00 41.00 45.50 12.94 Ukraine Apr NA NA NA NA NA NA NA May 2.24 16.50 0.06 2.50 7.10 10.00 1.70 Major Importers 6/ Apr NA NA NA NA NA NA NA May 172.68 210.60 133.42 49.25 323.89 16.45 176.36 Bangladesh Apr NA NA NA NA NA NA NA May 0.71 1.10 5.80 0.25 6.75 0.00 0.86 Brazil Apr NA NA NA NA NA NA NA May 1.78 10.00 5.60 0.55 12.05 3.50 1.83 China Apr NA NA NA NA NA NA NA May 139.08 140.00 10.50 32.00 149.00 0.90 139.68 Japan Apr NA NA NA NA NA NA NA May 1.27 1.17 5.60 0.75 6.35 0.30 1.39 N. Africa 7/ Apr NA NA NA NA NA NA NA May 10.43 16.17 31.70 1.45 47.20 0.60 10.50 Nigeria Apr NA NA NA NA NA NA NA May 0.33 0.12 6.00 0.00 5.60 0.60 0.25 Sel. Mideast 8/ Apr NA NA NA NA NA NA NA May 10.47 19.68 22.52 3.60 40.16 0.58 11.93 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 3.93 0.00 26.00 7.45 24.53 1.13 4.28 India Apr NA NA NA NA NA NA NA May 9.50 110.00 0.10 5.00 107.60 0.50 11.50 Kazakhstan Apr NA NA NA NA NA NA NA May 2.80 14.00 2.00 1.50 6.40 9.50 2.90 United Kingdom Apr NA NA NA NA NA NA NA May 2.49 15.50 1.70 7.30 15.40 1.70 2.59 ================================================================================ WASDE - 636 - 20 May 2023 World Coarse Grain Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 323.08 1503.97 230.14 911.28 1491.66 253.44 335.39 World Less China 115.62 1223.12 188.64 683.45 1171.64 253.43 125.62 United States 34.01 397.71 2.59 148.73 326.28 70.46 37.58 Total Foreign 289.06 1106.26 227.55 762.55 1165.38 182.98 297.81 Major Exporters 4/ 19.41 332.81 9.77 141.22 187.69 148.99 25.31 Argentina 2.06 59.16 0.01 12.72 18.44 40.29 2.49 Australia 2.98 19.22 0.00 5.89 7.76 10.84 3.60 Brazil 4.60 120.62 3.25 63.59 75.68 48.30 4.50 Canada 3.63 25.12 6.40 17.50 25.79 5.65 3.71 Russia 1.90 38.54 0.10 22.23 31.11 7.58 1.85 Ukraine 1.65 53.51 0.02 11.95 15.08 32.93 7.17 Major Importers 5/ 36.26 248.38 138.74 286.07 370.54 15.31 37.54 European Union 6/ 14.59 154.77 21.30 118.15 158.93 13.74 17.99 Japan 1.66 0.24 16.51 13.09 16.82 0.00 1.59 Mexico 3.60 32.79 18.56 31.05 50.77 0.25 3.93 N. Afr & Mideast 7/ 7.01 29.26 40.51 60.88 69.62 0.69 6.47 Saudi Arabia 1.33 0.15 8.28 8.02 8.35 0.00 1.41 Southeast Asia 8/ 5.29 30.90 17.33 41.11 49.48 0.63 3.40 South Korea 2.04 0.19 11.62 9.26 11.78 0.00 2.07 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 2022/23 Est. World 3/ 335.39 1441.33 213.20 893.11 1451.98 215.02 324.73 World Less China 125.62 1155.83 181.98 663.71 1131.38 214.97 118.88 United States 37.58 358.47 3.29 137.90 313.31 47.47 38.56 Total Foreign 297.81 1082.86 209.91 755.21 1138.67 167.55 286.18 Major Exporters 4/ 25.31 324.86 3.45 139.26 187.36 140.70 25.56 Argentina 2.49 45.71 0.01 10.50 16.31 29.60 2.29 Australia 3.60 18.67 0.00 5.97 7.85 10.83 3.60 Brazil 4.50 134.60 1.51 65.55 79.09 53.03 8.49 Canada 3.71 30.54 1.75 16.77 24.74 6.68 4.58 Russia 1.85 44.13 0.10 25.08 34.55 9.12 2.42 Ukraine 7.17 34.06 0.00 7.99 10.95 28.05 2.24 Major Importers 5/ 37.54 230.12 138.15 280.68 363.34 10.57 31.89 European Union 6/ 17.99 133.84 26.90 116.77 156.17 8.68 13.89 Japan 1.59 0.25 16.47 12.85 16.75 0.00 1.55 Mexico 3.93 33.45 17.97 31.85 51.57 0.20 3.58 N. Afr & Mideast 7/ 6.47 31.39 34.85 57.69 65.73 0.83 6.15 Saudi Arabia 1.41 0.14 8.61 8.61 8.95 0.00 1.21 Southeast Asia 8/ 3.40 30.81 17.56 39.35 47.85 0.87 3.05 South Korea 2.07 0.16 11.42 9.24 11.74 0.00 1.91 Selected Other China 209.77 285.50 31.23 229.40 320.60 0.05 205.85 ================================================================================ WASDE - 636 - 21 May 2023 World Coarse Grain Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Apr NA NA NA NA NA NA NA May 324.73 1509.53 223.05 921.26 1495.48 234.91 338.78 World Less China Apr NA NA NA NA NA NA NA May 118.88 1221.23 184.65 684.66 1167.68 234.89 134.06 United States Apr NA NA NA NA NA NA NA May 38.56 402.01 2.57 147.31 324.23 59.41 59.50 Total Foreign Apr NA NA NA NA NA NA NA May 286.18 1107.51 220.48 773.94 1171.24 175.50 279.28 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 25.56 327.19 3.69 139.75 189.15 145.15 22.14 Argentina Apr NA NA NA NA NA NA NA May 2.29 62.58 0.01 11.51 17.57 44.90 2.40 Australia Apr NA NA NA NA NA NA NA May 3.60 13.74 0.00 5.76 7.64 7.61 2.09 Brazil Apr NA NA NA NA NA NA NA May 8.49 134.33 1.70 67.30 82.34 55.02 7.17 Canada Apr NA NA NA NA NA NA NA May 4.58 28.35 1.85 16.41 24.45 6.48 3.84 Russia Apr NA NA NA NA NA NA NA May 2.42 42.15 0.10 24.00 33.40 8.91 2.37 Ukraine Apr NA NA NA NA NA NA NA May 2.24 28.67 0.00 7.35 9.83 18.83 2.25 Major Importers 5/ Apr NA NA NA NA NA NA NA May 31.89 245.06 140.63 289.46 372.72 13.88 30.99 European Union 6/ Apr NA NA NA NA NA NA NA May 13.89 146.40 21.48 116.11 155.83 12.20 13.74 Japan Apr NA NA NA NA NA NA NA May 1.55 0.25 17.01 13.34 17.24 0.00 1.57 Mexico Apr NA NA NA NA NA NA NA May 3.58 33.24 18.78 32.55 52.37 0.30 2.93 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 6.15 33.57 38.37 63.22 71.42 0.77 5.91 Saudi Arabia Apr NA NA NA NA NA NA NA May 1.21 0.15 9.11 8.92 9.26 0.00 1.21 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.05 31.21 19.31 41.25 49.80 0.61 3.14 South Korea Apr NA NA NA NA NA NA NA May 1.91 0.16 11.91 9.54 12.03 0.00 1.95 China Apr NA NA NA NA NA NA NA May 205.85 288.30 38.40 236.60 327.80 0.03 204.72 ================================================================================ WASDE - 636 - 22 May 2023 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2021/22 World 3/ 292.91 1217.31 184.49 746.56 1202.07 206.18 308.15 World Less China 87.20 944.76 162.61 537.56 911.07 206.18 99.01 United States 31.36 382.89 0.62 145.31 317.12 62.78 34.98 Total Foreign 261.55 834.42 183.87 601.25 884.95 143.40 273.17 Major Exporters 4/ 9.04 238.99 2.67 95.90 119.20 117.35 14.15 Argentina 1.18 49.50 0.01 10.50 14.50 34.69 1.50 Brazil 4.15 116.00 2.60 59.50 70.50 48.28 3.97 Russia 0.75 15.23 0.05 10.00 11.10 4.00 0.93 South Africa 2.12 16.14 0.00 7.20 13.20 3.40 1.66 Ukraine 0.83 42.13 0.02 8.70 9.90 26.98 6.09 Major Importers 5/ 21.73 136.59 94.28 165.82 222.25 6.91 23.45 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.83 71.37 19.74 60.00 81.70 6.03 11.21 Japan 1.42 0.01 15.00 11.70 15.04 0.00 1.39 Mexico 3.08 26.76 17.57 25.80 44.00 0.25 3.16 Southeast Asia 7/ 5.28 30.85 16.15 40.10 48.25 0.63 3.39 South Korea 2.02 0.09 11.51 9.22 11.56 0.00 2.06 Selected Other Canada 2.17 14.61 6.14 12.17 17.98 2.19 2.75 China 205.70 272.55 21.88 209.00 291.00 0.00 209.14 2022/23 Est. World 3/ 308.15 1150.20 175.41 730.46 1160.94 175.44 297.41 World Less China 99.01 873.00 157.41 512.46 861.94 175.42 92.09 United States 34.98 348.75 1.02 133.99 303.67 45.09 35.98 Total Foreign 273.17 801.45 174.39 596.46 857.27 130.36 261.43 Major Exporters 4/ 14.15 226.53 1.06 92.40 117.20 111.00 13.53 Argentina 1.50 37.00 0.01 8.00 12.00 25.00 1.50 Brazil 3.97 130.00 1.00 61.50 74.00 53.00 7.97 Russia 0.93 15.83 0.05 10.60 11.70 4.10 1.01 South Africa 1.66 16.70 0.00 7.30 13.30 3.40 1.66 Ukraine 6.09 27.00 0.00 5.00 6.20 25.50 1.39 Major Importers 5/ 23.45 118.95 95.70 159.90 215.60 3.67 18.82 Egypt 1.56 7.44 7.00 12.00 14.50 0.00 1.50 European Union 6/ 11.21 52.97 24.50 58.00 78.60 2.60 7.48 Japan 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico 3.16 27.60 17.20 26.50 44.80 0.20 2.96 Southeast Asia 7/ 3.39 30.76 16.40 38.40 46.65 0.87 3.04 South Korea 2.06 0.09 11.30 9.20 11.55 0.00 1.90 Selected Other Canada 2.75 14.54 1.70 9.30 14.60 1.80 2.59 China 209.14 277.20 18.00 218.00 299.00 0.02 205.32 ================================================================================ WASDE - 636 - 23 May 2023 World Corn Supply and Use 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Apr NA NA NA NA NA NA NA May 297.41 1219.63 184.50 758.63 1204.14 195.26 312.90 World Less China Apr NA NA NA NA NA NA NA May 92.09 939.63 161.50 535.63 900.14 195.24 108.60 United States Apr NA NA NA NA NA NA NA May 35.98 387.75 0.64 143.52 314.59 53.34 56.43 Total Foreign Apr NA NA NA NA NA NA NA May 261.43 831.88 183.87 615.12 889.54 141.92 256.47 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 13.53 238.10 1.26 94.40 120.70 119.60 12.59 Argentina Apr NA NA NA NA NA NA NA May 1.50 54.00 0.01 9.30 13.50 40.50 1.51 Brazil Apr NA NA NA NA NA NA NA May 7.97 129.00 1.20 62.50 76.50 55.00 6.67 Russia Apr NA NA NA NA NA NA NA May 1.01 16.30 0.05 10.80 11.90 4.20 1.26 South Africa Apr NA NA NA NA NA NA NA May 1.66 16.80 0.00 7.30 13.30 3.40 1.76 Ukraine Apr NA NA NA NA NA NA NA May 1.39 22.00 0.00 4.50 5.50 16.50 1.39 Major Importers 5/ Apr NA NA NA NA NA NA NA May 18.82 130.65 96.85 166.10 222.35 5.91 18.06 Egypt Apr NA NA NA NA NA NA NA May 1.50 7.60 8.50 13.70 16.20 0.00 1.40 European Union 6/ Apr NA NA NA NA NA NA NA May 7.48 64.30 20.00 58.50 79.50 5.00 7.28 Japan Apr NA NA NA NA NA NA NA May 1.40 0.01 15.50 12.00 15.50 0.00 1.42 Mexico Apr NA NA NA NA NA NA NA May 2.96 27.40 18.00 27.30 45.70 0.30 2.36 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.04 31.16 18.45 40.60 48.90 0.61 3.14 South Korea Apr NA NA NA NA NA NA NA May 1.90 0.09 11.80 9.50 11.85 0.00 1.94 Canada Apr NA NA NA NA NA NA NA May 2.59 14.30 1.80 9.20 14.60 1.80 2.29 China Apr NA NA NA NA NA NA NA May 205.32 280.00 23.00 223.00 304.00 0.02 204.30 ================================================================================ WASDE - 636 - 24 May 2023 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2021/22 World 3/ 187.19 513.87 54.49 518.77 56.87 182.28 World Less China 70.69 364.88 48.54 362.41 54.79 69.28 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 185.80 507.78 53.29 513.97 54.26 181.02 Major Exporters 4/ 46.82 197.84 1.63 158.90 43.91 43.49 Burma 1.31 12.40 0.00 10.40 2.34 0.98 India 37.00 129.47 0.00 110.45 22.03 34.00 Pakistan 1.89 9.32 0.01 3.75 4.82 2.65 Thailand 3.98 19.88 0.13 12.80 7.68 3.50 Vietnam 2.64 26.77 1.50 21.50 7.05 2.35 Major Importers 5/ 126.78 242.00 22.43 263.11 2.54 125.55 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.73 2.41 3.50 0.41 0.91 Indonesia 3.06 34.40 0.74 35.30 0.00 2.90 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 2.36 12.54 3.60 15.40 0.00 3.10 Sel. Mideast 7/ 0.91 2.15 4.32 6.15 0.00 1.22 Selected Other Brazil 1.17 7.34 0.93 7.15 1.39 0.90 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.04 0.58 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.64 0.69 8.20 0.12 1.95 Mexico 0.20 0.18 0.74 0.97 0.01 0.14 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 2022/23 Est. World 3/ 182.28 508.41 53.86 521.52 55.49 169.18 World Less China 69.28 362.47 48.86 366.57 53.39 62.28 United States 1.26 5.09 1.25 4.79 1.94 0.88 Total Foreign 181.02 503.32 52.60 516.72 53.56 168.30 Major Exporters 4/ 43.49 196.50 1.26 160.60 43.90 36.75 Burma 0.98 11.80 0.00 10.20 2.00 0.58 India 34.00 132.00 0.00 112.50 22.50 31.00 Pakistan 2.65 5.50 0.01 3.60 3.80 0.76 Thailand 3.50 20.20 0.15 12.80 8.50 2.55 Vietnam 2.35 27.00 1.10 21.50 7.10 1.85 Major Importers 5/ 125.55 238.72 22.55 263.95 2.54 120.34 China 113.00 145.95 5.00 154.95 2.10 106.90 European Union 6/ 0.91 1.34 2.65 3.60 0.40 0.90 Indonesia 2.90 34.00 1.75 35.30 0.00 3.35 Nigeria 2.05 5.36 2.10 7.50 0.00 2.00 Philippines 3.10 12.60 3.70 16.00 0.00 3.40 Sel. Mideast 7/ 1.22 2.02 4.45 6.40 0.00 1.29 Selected Other Brazil 0.90 6.80 0.90 6.90 1.10 0.60 C. Amer & Carib 8/ 0.58 1.53 1.71 3.24 0.04 0.54 Egypt 0.61 3.60 0.45 4.00 0.01 0.66 Japan 1.95 7.48 0.69 8.20 0.12 1.80 Mexico 0.14 0.14 0.80 0.98 0.01 0.09 South Korea 1.33 3.76 0.42 4.00 0.06 1.46 ================================================================================ WASDE - 636 - 25 May 2023 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks ================================================================================ 2023/24 Proj. World 3/ Apr NA NA NA NA NA NA May 169.18 520.52 53.13 523.02 55.81 166.68 World Less China Apr NA NA NA NA NA NA May 62.28 371.52 48.13 371.02 53.81 59.78 United States Apr NA NA NA NA NA NA May 0.88 6.12 1.24 4.89 2.35 0.99 Total Foreign Apr NA NA NA NA NA NA May 168.30 514.41 51.89 518.13 53.46 165.69 Major Exporters 4/ Apr NA NA NA NA NA NA May 36.75 202.00 1.46 161.45 43.90 34.85 Burma Apr NA NA NA NA NA NA May 0.58 12.50 0.00 10.30 2.20 0.59 India Apr NA NA NA NA NA NA May 31.00 133.00 0.00 113.00 22.50 28.50 Pakistan Apr NA NA NA NA NA NA May 0.76 9.00 0.01 3.75 4.50 1.51 Thailand Apr NA NA NA NA NA NA May 2.55 20.50 0.15 12.80 8.00 2.40 Vietnam Apr NA NA NA NA NA NA May 1.85 27.00 1.30 21.60 6.70 1.85 Major Importers 5/ Apr NA NA NA NA NA NA May 120.34 242.99 21.20 262.40 2.46 119.67 China Apr NA NA NA NA NA NA May 106.90 149.00 5.00 152.00 2.00 106.90 European Union 6/ Apr NA NA NA NA NA NA May 0.90 1.46 2.65 3.75 0.40 0.86 Indonesia Apr NA NA NA NA NA NA May 3.35 34.45 0.70 35.20 0.00 3.30 Nigeria Apr NA NA NA NA NA NA May 2.00 5.23 2.20 7.60 0.00 1.83 Philippines Apr NA NA NA NA NA NA May 3.40 12.60 3.60 16.30 0.00 3.30 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 1.29 2.12 4.50 6.70 0.00 1.21 Brazil Apr NA NA NA NA NA NA May 0.60 6.80 0.95 6.80 0.90 0.65 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.54 1.53 1.74 3.24 0.03 0.54 Egypt Apr NA NA NA NA NA NA May 0.66 3.78 0.40 4.10 0.01 0.73 Japan Apr NA NA NA NA NA NA May 1.80 7.45 0.69 8.20 0.12 1.61 Mexico Apr NA NA NA NA NA NA May 0.09 0.17 0.85 1.00 0.01 0.10 South Korea Apr NA NA NA NA NA NA May 1.46 3.57 0.42 4.00 0.06 1.40 ================================================================================ WASDE - 636 - 26 May 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2021/22 World 86.22 115.78 42.62 115.90 43.00 -0.44 86.16 World Less China 48.42 88.98 34.78 82.15 42.88 -0.44 47.60 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.07 98.26 42.62 113.35 28.38 -0.20 82.41 Major Exporters 4/ 32.81 55.57 1.60 34.19 24.12 -0.20 31.87 Central Asia 5/ 3.02 5.12 0.06 4.27 1.51 0.00 2.42 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.09 -0.01 1.54 S. Hemis. 7/ 15.73 19.66 0.19 4.36 12.42 -0.19 18.99 Australia 2.51 5.85 3/ 0.01 3.58 -0.19 4.96 Brazil 11.12 11.72 0.02 3.30 7.73 0.00 11.84 India 11.94 24.40 1.00 25.00 3.74 0.00 8.60 Major Importers 8/ 47.94 39.65 38.69 75.22 2.94 0.00 48.11 Mexico 0.44 1.22 0.96 1.85 0.40 0.00 0.37 China 37.79 26.80 7.84 33.75 0.12 0.00 38.56 European Union 9/ 0.37 1.67 0.64 0.62 1.77 0.00 0.30 Turkey 2.71 3.80 5.52 8.70 0.57 0.00 2.77 Pakistan 2.18 6.00 4.50 10.70 0.05 0.00 1.93 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.13 3/ 0.75 0.74 0.00 0.00 0.15 Bangladesh 2.48 0.15 8.20 8.50 0.00 0.00 2.33 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 2022/23 Est. World 86.16 116.36 37.87 109.63 38.27 -0.16 92.63 World Less China 47.60 85.66 31.07 73.13 38.15 -0.16 53.19 United States 3.75 14.47 0.01 2.10 12.60 0.02 3.50 Total Foreign 82.41 101.89 37.86 107.53 25.67 -0.18 89.13 Major Exporters 4/ 31.87 55.87 2.27 31.53 21.57 -0.19 37.09 Central Asia 5/ 2.42 5.73 0.04 3.83 1.22 0.00 3.16 Afr. Fr. Zone 6/ 1.54 4.76 3/ 0.10 4.44 0.00 1.75 S. Hemis. 7/ 18.99 20.33 0.15 4.16 14.11 -0.19 21.39 Australia 4.96 5.50 3/ 0.01 6.50 -0.19 4.14 Brazil 11.84 13.00 0.02 3.20 6.90 0.00 14.75 India 8.60 24.50 1.75 23.00 1.40 0.00 10.45 Major Importers 8/ 48.11 42.88 33.13 72.17 2.80 0.01 49.15 Mexico 0.37 1.58 0.90 1.80 0.43 0.00 0.62 China 38.56 30.70 6.80 36.50 0.13 0.00 39.44 European Union 9/ 0.30 1.64 0.56 0.57 1.47 0.00 0.46 Turkey 2.77 4.90 4.00 7.30 0.73 0.01 3.63 Pakistan 1.93 3.90 4.30 8.60 0.03 0.00 1.50 Indonesia 0.46 3/ 1.70 1.80 0.02 0.00 0.35 Thailand 0.15 3/ 0.73 0.73 0.00 0.00 0.15 Bangladesh 2.33 0.15 6.90 7.50 0.00 0.00 1.88 Vietnam 1.02 3/ 6.30 6.40 0.00 0.00 0.93 ================================================================================ WASDE - 636 - 27 May 2023 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2023/24 Proj. World Apr NA NA NA NA NA NA NA May 92.63 115.69 42.84 116.23 42.85 -0.20 92.28 World Less China Apr NA NA NA NA NA NA NA May 53.19 88.19 33.84 78.73 42.75 -0.20 53.94 United States Apr NA NA NA NA NA NA NA May 3.50 15.50 0.01 2.20 13.50 0.01 3.30 Total Foreign Apr NA NA NA NA NA NA NA May 89.13 100.19 42.83 114.03 29.35 -0.20 88.98 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 37.09 57.86 2.12 33.70 25.35 -0.20 38.23 Central Asia 5/ Apr NA NA NA NA NA NA NA May 3.16 5.41 0.10 4.27 1.43 0.00 2.97 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.75 5.34 3/ 0.10 5.37 0.00 1.62 S. Hemis. 7/ Apr NA NA NA NA NA NA NA May 21.39 21.03 0.17 4.30 15.73 -0.20 22.76 Australia Apr NA NA NA NA NA NA NA May 4.14 5.80 3/ 0.01 6.00 -0.20 4.13 Brazil Apr NA NA NA NA NA NA NA May 14.75 13.25 0.02 3.30 8.70 0.00 16.02 India Apr NA NA NA NA NA NA NA May 10.45 25.50 1.50 24.50 2.40 0.00 10.55 Major Importers 8/ Apr NA NA NA NA NA NA NA May 49.15 39.23 38.36 76.34 2.55 0.00 47.86 Mexico Apr NA NA NA NA NA NA NA May 0.62 1.28 0.95 1.90 0.40 0.00 0.55 China Apr NA NA NA NA NA NA NA May 39.44 27.50 9.00 37.50 0.10 0.00 38.34 European Union 9/ Apr NA NA NA NA NA NA NA May 0.46 1.49 0.57 0.62 1.50 0.00 0.40 Turkey Apr NA NA NA NA NA NA NA May 3.63 3.50 4.30 7.90 0.50 0.00 3.03 Pakistan Apr NA NA NA NA NA NA NA May 1.50 5.30 4.70 9.60 0.03 0.00 1.88 Indonesia Apr NA NA NA NA NA NA NA May 0.35 3/ 2.20 2.20 0.01 0.00 0.35 Thailand Apr NA NA NA NA NA NA NA May 0.15 3/ 0.74 0.74 0.00 0.00 0.15 Bangladesh Apr NA NA NA NA NA NA NA May 1.88 0.16 8.00 8.00 0.00 0.00 2.04 Vietnam Apr NA NA NA NA NA NA NA May 0.93 3/ 6.90 6.90 0.00 0.00 0.93 ================================================================================ WASDE - 636 - 28 May 2023 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2021/22 World 2/ 100.06 359.85 156.59 314.23 363.82 154.02 98.67 World Less China 69.21 343.45 65.03 226.33 255.42 153.91 68.35 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.07 238.32 156.16 254.25 301.06 95.30 91.20 Major Exporters 3/ 55.39 181.82 4.43 91.83 102.47 87.26 51.91 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.58 130.50 0.54 50.71 53.96 79.06 27.60 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.24 20.22 123.79 116.74 144.66 0.42 33.17 China 30.86 16.40 91.57 87.90 108.40 0.10 30.32 European Union 1.56 2.77 14.55 15.40 16.97 0.29 1.62 Southeast Asia 5/ 1.19 0.53 8.26 4.45 9.27 0.02 0.69 Mexico 0.46 0.29 5.96 6.35 6.40 0.00 0.30 2022/23 Est. World 2/ 98.67 370.42 165.20 313.31 364.87 168.37 101.04 World Less China 68.35 350.14 67.20 222.31 252.17 168.27 65.25 United States 7.47 116.38 0.54 60.42 63.69 54.84 5.86 Total Foreign 91.20 254.04 164.66 252.89 301.18 113.53 95.18 Major Exporters 3/ 51.91 192.00 8.82 87.84 98.10 103.10 51.53 Argentina 23.90 27.00 8.30 31.50 37.75 3.30 18.15 Brazil 27.60 155.00 0.50 53.25 57.00 93.00 33.10 Paraguay 0.18 8.80 0.01 3.00 3.13 5.70 0.16 Major Importers 4/ 33.17 23.62 131.36 119.64 149.14 0.37 38.64 China 30.32 20.28 98.00 91.00 112.70 0.10 35.80 European Union 1.62 2.44 13.90 14.65 16.23 0.25 1.48 Southeast Asia 5/ 0.69 0.49 9.56 4.89 9.99 0.02 0.73 Mexico 0.30 0.18 6.40 6.50 6.55 0.00 0.33 2023/24 Proj. World 2/ Apr NA NA NA NA NA NA NA May 101.04 410.59 169.77 332.31 386.49 172.41 122.50 World Less China Apr NA NA NA NA NA NA NA May 65.25 390.09 69.77 237.31 268.49 172.31 84.30 United States Apr NA NA NA NA NA NA NA May 5.86 122.74 0.54 62.87 66.29 53.75 9.11 Total Foreign Apr NA NA NA NA NA NA NA May 95.18 287.84 169.23 269.45 320.21 118.66 113.39 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 51.53 223.90 6.18 95.85 106.79 109.40 65.42 Argentina Apr NA NA NA NA NA NA NA May 18.15 48.00 5.70 36.50 43.20 4.60 24.05 Brazil Apr NA NA NA NA NA NA NA May 33.10 163.00 0.45 55.75 59.70 96.50 40.35 Paraguay Apr NA NA NA NA NA NA NA May 0.16 10.00 0.02 3.50 3.65 5.90 0.63 Major Importers 4/ Apr NA NA NA NA NA NA NA May 38.64 24.56 134.64 124.83 155.80 0.42 41.62 China Apr NA NA NA NA NA NA NA May 35.80 20.50 100.00 95.00 118.00 0.10 38.20 European Union Apr NA NA NA NA NA NA NA May 1.48 3.10 14.00 15.15 16.74 0.30 1.54 Southeast Asia 5/ Apr NA NA NA NA NA NA NA May 0.73 0.47 10.64 5.48 10.73 0.02 1.10 Mexico Apr NA NA NA NA NA NA NA May 0.33 0.24 6.55 6.60 6.66 0.00 0.46 ================================================================================ WASDE - 636 - 29 May 2023 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 15.17 246.53 66.93 244.22 68.75 15.66 World Less China 15.17 176.91 66.87 175.03 68.26 15.66 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.86 199.52 66.34 208.86 56.48 15.38 Major Exporters 3/ 6.54 76.39 0.79 29.16 47.74 6.83 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.06 39.31 0.01 19.55 20.21 3.62 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.39 22.60 38.56 60.10 1.12 2.34 European Union 0.54 12.17 16.70 28.04 0.77 0.60 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.60 3.47 18.33 21.54 0.33 1.53 China 0.00 69.62 0.06 69.19 0.48 0.00 2022/23 Est. World 2/ 15.66 246.13 62.79 246.35 65.97 12.27 World Less China 15.66 174.06 62.74 174.42 65.77 12.27 United States 0.28 47.60 0.61 35.65 12.52 0.32 Total Foreign 15.38 198.54 62.17 210.69 53.45 11.95 Major Exporters 3/ 6.83 73.75 0.07 30.08 45.05 5.52 Argentina 2.80 24.57 0.00 3.35 22.20 1.82 Brazil 3.62 41.26 0.02 20.00 21.40 3.50 India 0.41 7.92 0.05 6.73 1.45 0.20 Major Importers 4/ 2.34 22.47 37.28 59.22 1.01 1.85 European Union 0.60 11.58 16.00 27.04 0.70 0.43 Mexico 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ 1.53 3.80 17.80 21.64 0.30 1.19 China 0.00 72.07 0.05 71.92 0.20 0.00 2023/24 Proj. World 2/ Apr NA NA NA NA NA NA May 12.27 260.85 66.87 255.47 69.98 14.54 World Less China Apr NA NA NA NA NA NA May 12.27 185.61 66.82 180.68 69.48 14.54 United States Apr NA NA NA NA NA NA May 0.32 49.33 0.59 36.45 13.43 0.36 Total Foreign Apr NA NA NA NA NA NA May 11.95 211.52 66.28 219.02 56.55 14.18 Major Exporters 3/ Apr NA NA NA NA NA NA May 5.52 79.52 0.12 31.30 47.20 6.66 Argentina Apr NA NA NA NA NA NA May 1.82 28.47 0.01 3.45 24.70 2.15 Brazil Apr NA NA NA NA NA NA May 3.50 43.21 0.01 20.70 21.70 4.32 India Apr NA NA NA NA NA NA May 0.20 7.84 0.10 7.15 0.80 0.19 Major Importers 4/ Apr NA NA NA NA NA NA May 1.85 23.42 38.00 60.05 1.20 2.02 European Union Apr NA NA NA NA NA NA May 0.43 11.97 15.85 26.89 0.85 0.51 Mexico Apr NA NA NA NA NA NA May 0.18 5.22 1.95 7.10 0.02 0.23 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.19 4.27 18.55 22.46 0.33 1.23 China Apr NA NA NA NA NA NA May 0.00 75.24 0.05 74.79 0.50 0.00 ================================================================================ WASDE - 636 - 30 May 2023 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2021/22 World 2/ 5.36 59.22 11.54 59.21 12.24 4.67 World Less China 4.33 43.47 11.25 42.51 12.13 4.41 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.39 47.36 11.40 47.95 11.44 3.77 Major Exporters 3/ 1.25 20.77 0.59 12.49 8.62 1.49 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.47 9.76 0.03 7.45 2.41 0.41 European Union 0.44 2.93 0.46 2.31 0.97 0.55 Major Importers 4/ 1.68 18.90 6.64 26.16 0.28 0.78 China 1.03 15.75 0.29 16.70 0.11 0.26 India 0.27 1.53 4.23 5.83 0.02 0.19 North Africa 5/ 0.36 1.19 1.42 2.53 0.14 0.31 2022/23 Est. World 2/ 4.67 58.92 9.93 58.13 10.84 4.56 World Less China 4.41 42.62 9.48 41.83 10.75 3.93 United States 0.90 11.88 0.15 11.85 0.20 0.88 Total Foreign 3.77 47.04 9.79 46.28 10.63 3.68 Major Exporters 3/ 1.49 19.84 0.53 12.70 7.83 1.33 Argentina 0.52 6.22 0.00 2.40 3.95 0.40 Brazil 0.41 10.26 0.08 7.98 2.30 0.46 European Union 0.55 2.79 0.45 2.27 1.08 0.44 Major Importers 4/ 0.78 19.37 5.56 24.54 0.16 1.01 China 0.26 16.31 0.45 16.30 0.09 0.63 India 0.19 1.79 3.15 4.94 0.02 0.17 North Africa 5/ 0.31 0.88 1.36 2.30 0.05 0.20 2023/24 Proj. World 2/ Apr NA NA NA NA NA NA May 4.56 62.47 10.87 60.84 11.78 5.28 World Less China Apr NA NA NA NA NA NA May 3.93 45.45 10.37 43.74 11.68 4.33 United States Apr NA NA NA NA NA NA May 0.88 12.31 0.16 12.25 0.27 0.83 Total Foreign Apr NA NA NA NA NA NA May 3.68 50.16 10.71 48.59 11.51 4.45 Major Exporters 3/ Apr NA NA NA NA NA NA May 1.33 21.52 0.38 13.36 8.49 1.38 Argentina Apr NA NA NA NA NA NA May 0.40 7.21 0.00 2.55 4.60 0.46 Brazil Apr NA NA NA NA NA NA May 0.46 10.73 0.03 8.53 2.20 0.49 European Union Apr NA NA NA NA NA NA May 0.44 2.92 0.35 2.22 1.10 0.40 Major Importers 4/ Apr NA NA NA NA NA NA May 1.01 20.27 6.06 25.67 0.20 1.47 China Apr NA NA NA NA NA NA May 0.63 17.02 0.50 17.10 0.10 0.95 India Apr NA NA NA NA NA NA May 0.17 1.73 3.20 4.94 0.02 0.15 North Africa 5/ Apr NA NA NA NA NA NA May 0.20 1.05 1.56 2.47 0.07 0.26 ================================================================================ WASDE - 636 - 31 May 2023 U.S. Quarterly Animal Product Production 1/ ================================================================================ Year Red Total Red and meat poultry meat & quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk ================================================================================ Million Pounds Mil doz Bil lbs 2022 II 7072 6639 13758 11279 1275 12697 26455 2218 57.8 III 7144 6534 13723 11896 1264 13312 27035 2259 56.4 IV 7052 6919 14017 11861 1310 13310 27327 2277 55.9 Annual 28291 26996 55471 46206 5222 51997 107469 9074 226.5 2023 I 6821 7071 13937 11548 1344 13034 26971 2208 56.8 II* 6670 6640 13355 11500 1325 12965 26320 2285 58.3 III* 6755 6605 13405 12100 1325 13570 26975 2355 57.0 IV* 6675 7065 13786 11900 1410 13440 27226 2430 56.5 AprProj. 26775 27360 54317 46900 5585 53040 107357 9285 228.7 MayProj. 26921 27381 54482 47048 5404 53009 107491 9278 228.6 2024 I* 6210 6930 13184 11760 1390 13290 26474 2355 57.7 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 24745 27350 52275 47820 5640 54015 106290 9615 230.8 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2022 II 141.93 75.58 167.5 143.9 251.6 26.97 III 143.42 80.20 136.1 165.4 295.6 24.57 IV 152.99 63.49 123.5 177.5 411.7 25.17 Annual 144.40 71.21 140.5 154.5 282.4 25.34 2023 I 160.90 54.83 124.5 170.8 315.9 21.93 II* 172.00 56.00 142.0 170.0 135.0 20.00 III* 164.00 60.00 130.0 170.0 140.0 19.45 IV* 169.00 55.00 130.0 175.0 160.0 20.70 AprProj. 164.8 61.0 130.4 171.5 214.0 20.65 MayProj. 166.5 56.5 131.6 171.5 187.7 20.50 2024 I* 175.00 60.00 127.0 165.0 155.0 20.40 AprProj. NA NA NA NA NA NA MayProj. 172 62 129 167 144 19.90 ================================================================================ WASDE - 636 - 32 May 2023 U.S. Meats Supply and Use ================================================================================ Disappearance Beg- Produc- Per Item inning tion Total Ending capita stocks 1/ Imports Supply Exports stocks Total 2/ 3/ ================================================================================ Million Pounds 4/ Beef 2022 676 28359 3391 32426 3536 723 28166 59.1 2023 Proj. Apr 723 26843 3500 31066 3135 640 27291 57.0 May 723 26989 3501 31213 3224 670 27319 57.0 2024 Proj. Apr NA NA NA NA NA NA NA NA May 670 24813 3560 29043 2950 650 25443 52.8 Pork 2022 446 27011 1344 28800 6338 504 21958 51.1 2023 Proj. Apr 504 27375 1065 28944 6380 530 22034 51.0 May 504 27396 1069 28969 6503 545 21921 50.7 2024 Proj. Apr NA NA NA NA NA NA NA NA May 545 27365 1155 29065 6320 575 22170 51.0 TotalRed Meat5/ 2022 1147 55564 5093 61804 9880 1256 50669 111.6 2023 Proj. Apr 1256 54409 4910 60575 9521 1199 49855 109.3 May 1256 54575 4909 60740 9733 1247 49760 109.1 2024 Proj. Apr NA NA NA NA NA NA NA NA May 1247 52368 5085 58699 9276 1252 48172 105.3 Broiler 2022 705 45711 176 46593 7278 892 38423 98.9 2023 Proj. Apr 892 46398 60 47351 7360 880 39111 100.2 May 892 46545 68 47505 7383 880 39242 100.5 2024 Proj. Apr NA NA NA NA NA NA NA NA May 880 47308 40 48228 7570 900 39758 101.2 Turkey 2022 166 5222 85 5473 408 190 4876 14.6 2023 Proj. Apr 190 5585 39 5814 370 200 5244 15.6 May 190 5404 42 5636 370 200 5066 15.1 2024 Proj. Apr NA NA NA NA NA NA NA NA May 200 5640 32 5872 390 200 5282 15.7 Total Poultry6/ 2022 874 51502 268 52645 7715 1087 43843 115.2 2023 Proj. Apr 1087 52538 105 53729 7746 1085 44898 117.4 May 1087 52505 115 53708 7768 1085 44854 117.3 2024 Proj. Apr NA NA NA NA NA NA NA NA May 1085 53503 78 54666 7976 1105 45585 118.5 RedMeat& Poultry 2022 2021 107067 5362 114449 17595 2343 94512 226.8 2023 Proj. Apr 2343 106946 5015 114304 17267 2284 94753 226.8 May 2343 107081 5024 114447 17502 2332 94614 226.4 2024 Proj. Apr NA NA NA NA NA NA NA NA May 2332 105871 5163 113365 17252 2357 93757 223.8 ================================================================================ WASDE - 636 - 33 May 2023 U.S. Egg Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 24.5 19.1 18.8 18.8 NA 20.0 Production 9297.9 9073.8 9285.0 9277.5 NA 9615.0 Imports 18.2 25.9 22.5 22.9 NA 18.0 Total Supply 9340.6 9118.8 9326.3 9319.1 NA 9653.0 Use Exports 392.2 226.5 196.0 205.3 NA 245.0 Hatching Use 1103.9 1116.4 1126.0 1126.2 NA 1145.0 Ending Stocks 19.1 18.8 21.0 20.0 NA 20.0 Disappearance Total 7825.4 7757.2 7983.3 7967.6 NA 8243.0 Per Capita (number) 282.5 279.0 285.7 285.1 NA 293.2 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2021 2022 2023Proj. 2023Proj. 2024Proj. 2024Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 226.3 226.5 228.7 228.6 NA 230.8 Farm Use 1.0 1.0 1.1 1.0 NA 1.0 FatBasisSupply BeginningStocks 15.6 14.3 14.4 14.4 NA 14.6 Marketings 225.3 225.5 227.6 227.6 NA 229.8 Imports 6.5 7.1 7.7 7.7 NA 7.7 Total Supply 247.4 246.9 249.7 249.8 NA 252.1 FatBasisUse Exports 11.5 13.4 12.2 12.1 NA 12.8 Ending Stocks 14.3 14.4 14.6 14.6 NA 14.6 Domestic Use 221.5 219.1 222.8 223.1 NA 224.7 Skim-solidBasisSupply BeginningStocks 10.9 11.1 11.7 11.7 NA 12.1 Marketings 225.3 225.5 227.6 227.6 NA 229.8 Imports 5.8 6.7 6.9 6.8 NA 7.0 Total Supply 241.9 243.3 246.2 246.1 NA 248.9 Skim-solidBasisUse Exports 50.8 52.5 50.7 51.3 NA 53.9 Ending Stocks 11.1 11.7 12.2 12.1 NA 12.1 Domestic Use 180.1 179.1 183.3 182.8 NA 182.9 ================================================================================ WASDE - 636 - 34 May 2023 U.S. Dairy Prices ================================================================================ Commod- 2021 2022 2023 Proj. 2023 Proj. 2024 Proj. 2024 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6755 2.1122 1.855 1.825 NA 1.820 Butter 1.7325 2.8665 2.420 2.430 NA 2.335 Nonfat Dry Milk 1.2693 1.6851 1.165 1.185 NA 1.120 Dry Whey 0.5744 0.6057 0.425 0.395 NA 0.370 Milk Prices 2/ Dollars Per Cwt ClassIII 17.08 21.96 18.25 17.75 NA 17.50 Class IV 16.09 24.47 18.10 18.30 NA 17.35 All Milk 3/ 18.53 25.34 20.65 20.50 NA 19.90 ================================================================================ WASDE - 636 - 35 May 2023 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 3.0 5.1 16.1 1.7 35.0 25 17 U.S. 6.8 11.4 3.0 0.0 9.8 21 21 Foreign 3.2 5.4 14.9 1.6 32.9 24 18 Exports World 5.8 9.9 6.1 0.1 17.6 28 14 U.S. 12.2 20.5 2.9 0.0 10.2 23 17 Foreign 6.8 11.4 5.7 0.4 17.8 30 12 Domestic Use World 2.2 3.7 10.4 0.3 28.3 27 15 U.S. 7.0 11.9 1.7 0.1 6.4 20 22 Foreign 2.2 3.6 10.1 0.2 28.0 28 14 Ending Stocks World 9.7 16.4 12.1 0.2 35.9 24 18 U.S. 20.1 33.9 3.5 0.1 14.1 22 20 Foreign 9.9 16.6 10.4 1.4 31.0 24 18 COARSE GRAINS 2/ Production World 3.6 6.1 26.6 1.1 103.6 20 22 U.S. 13.6 22.9 21.1 0.9 103.8 22 20 Foreign 2.7 4.5 14.4 0.2 42.8 20 22 Exports World 7.4 12.5 7.8 1.2 20.9 29 13 U.S. 27.3 45.9 8.5 0.1 29.5 19 23 Foreign 13.1 22.1 6.3 0.3 20.8 29 13 Domestic Use World 2.0 3.4 15.5 0.4 68.4 22 20 U.S. 5.7 9.7 7.9 0.2 38.4 25 17 Foreign 2.0 3.4 12.5 0.2 32.8 21 21 Ending Stocks World 20.5 34.6 25.3 2.6 155.8 25 17 U.S. 56.8 95.6 16.7 0.9 57.6 19 23 Foreign 17.9 30.2 14.2 0.0 145.0 28 14 RICE, milled Production World 2.3 3.9 6.8 0.0 21.8 25 17 U.S. 8.1 13.6 0.4 0.0 1.1 22 20 Foreign 2.4 4.0 6.8 0.4 22.0 25 17 Exports World 9.6 16.1 1.9 0.1 7.5 31 11 U.S. 12.6 21.2 0.3 0.0 1.0 19 18 Foreign 10.3 17.3 1.8 0.2 7.1 31 11 Domestic Use World 1.8 3.0 4.7 0.0 19.4 28 14 U.S. 9.3 15.6 0.2 0.0 0.7 16 25 Foreign 1.8 3.1 4.6 0.2 20.0 29 13 Ending Stocks World 13.9 23.5 7.0 0.1 26.7 28 14 U.S. 35.0 58.9 0.3 0.0 0.9 21 19 Foreign 15.2 25.6 7.0 0.1 26.3 28 14 ================================================================================ WASDE - 636 - 36 May 2023 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 13.4 0.4 34.8 7 7 U.S. 8.9 15.0 4.8 0.0 16.1 22 20 Foreign NA NA 9.0 0.2 35.6 8 6 Exports World NA NA 6.3 0.4 17.6 10 4 U.S. 15.2 25.6 3.4 0.0 11.3 22 19 Foreign NA NA 4.7 0.7 18.7 11 3 Domestic Use World NA NA 8.0 1.2 18.9 6 8 U.S. 6.1 10.2 1.9 0.2 7.5 25 17 Foreign NA NA 7.4 0.2 18.6 6 8 Ending Stocks World NA NA 9.0 0.7 20.7 7 7 U.S. 70.6 118.9 3.5 0.2 13.3 14 28 Foreign NA NA 6.2 0.1 15.7 9 5 COTTON Production World 6.1 10.2 4.3 0.1 16.7 24 18 U.S. 12.0 20.3 1.6 0.1 5.5 20 22 Foreign 6.1 10.2 3.3 0.1 12.2 22 20 Exports World 10.5 17.7 2.4 0.1 12.4 24 18 U.S. 28.6 48.1 1.4 0.1 3.9 24 18 Foreign 13.3 22.4 1.8 0.1 10.4 23 19 Domestic Use World 5.1 8.5 3.5 0.1 17.2 17 25 U.S. 10.4 17.6 0.5 0.0 1.4 18 23 Foreign 5.1 8.6 3.5 0.0 16.6 19 23 Ending Stocks World 17.3 29.1 6.7 1.0 18.1 27 15 U.S. 44.2 74.4 1.5 0.0 4.3 20 22 Foreign 16.4 27.7 5.6 0.1 17.2 27 15 ================================================================================ WASDE - 636 - 37 May 2023 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 14.4 24.3 756 8 4010 18 24 Exports 28.3 47.6 309 0 1100 20 21 Domestic Use 6.1 10.3 310 11 1538 26 16 Ending Stocks 67.2 113.2 603 18 2091 19 23 SORGHUM Production 25.0 42.1 85 0 228 21 20 Exports 48.4 81.5 51 0 195 20 21 Domestic Use 27.0 45.5 54 0 162 18 23 Ending Stocks 68.2 114.8 45 1 238 17 25 BARLEY Production 14.8 25.0 26 1 206 16 26 Exports 77.6 130.7 13 0 92 21 17 Domestic Use 11.4 19.2 28 0 95 19 22 Ending Stocks 22.9 38.5 22 0 78 18 23 OATS Production 25.1 42.2 29 1 231 9 33 Exports 106.7 179.6 1 0 8 10 12 Domestic Use 10.9 18.4 20 0 160 13 28 Ending Stocks 34.3 57.8 16 0 77 13 25 Thousand Short Tons SOYBEAN MEAL Production 5.4 9.2 1261 0 5344 26 15 Exports 17.1 28.8 943 0 2750 24 17 Domestic Use 4.3 7.2 818 24 4950 23 19 Ending Stocks 41.3 69.5 58 0 388 12 19 Million Pounds SOYBEAN OIL Production 5.2 8.8 628 18 2500 29 13 Exports 44.0 74.0 483 25 1700 24 18 Domestic Use 3.9 6.6 473 8 1800 25 17 Ending Stocks 35.4 59.6 442 24 1702 26 16 ANIMAL PROD. 3/ Million Pounds Beef 3.7 6.3 703 40 2727 20 9 Pork 3.2 5.5 514 5 1722 17 11 Broilers 2.4 4.0 673 75 1640 13 16 Turkeys 3.9 6.7 169 2 500 12 17 Million Dozen Eggs 1.9 3.2 120 2 400 17 12 Billion Pounds Milk 1.6 2.7 2.4 0.2 6.7 13 16 ================================================================================