WASDE - 634 - 8 March 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/ 2020/21 2725.09 3543.28 488.10 2746.75 796.53 2021/22 (Est.) 2795.57 3592.10 512.74 2804.29 787.81 2022/23 (Proj.) Feb 2729.54 3523.20 488.24 2763.20 760.00 Mar 2738.39 3526.19 483.93 2763.23 762.96 Wheat 2020/21 774.42 1072.64 203.33 787.70 284.94 2021/22 (Est.) 779.21 1064.15 202.87 792.71 271.45 2022/23 (Proj.) Feb 783.80 1060.50 212.95 791.16 269.34 Mar 788.94 1060.39 213.93 793.19 267.20 Coarse Grains 5/ 2020/21 1441.35 1778.63 233.60 1455.69 322.93 2021/22 (Est.) 1502.39 1825.33 253.10 1492.41 332.91 2022/23 (Proj.) Feb 1442.77 1776.38 221.24 1454.85 321.53 Mar 1439.62 1772.53 215.11 1450.09 322.44 Rice, milled 2020/21 509.32 692.01 51.16 503.36 188.65 2021/22 (Est.) 513.97 702.62 56.78 519.18 183.44 2022/23 (Proj.) Feb 502.98 686.32 54.05 517.19 169.13 Mar 509.83 693.27 54.90 519.95 173.32 United States Total Grains 4/ 2020/21 429.86 516.87 107.23 351.24 58.40 2021/22 (Est.) 448.60 513.38 94.85 360.68 57.85 2022/23 (Proj.) Feb 408.46 474.41 74.39 348.85 51.18 Mar 408.46 474.41 72.39 348.85 53.18 Wheat 2020/21 49.75 80.46 27.05 30.41 23.00 2021/22 (Est.) 44.80 70.40 21.78 29.61 19.01 2022/23 (Proj.) Feb 44.90 67.18 21.09 30.62 15.47 Mar 44.90 67.18 21.09 30.62 15.47 Coarse Grains 5/ 2020/21 372.89 427.19 77.21 315.97 34.01 2021/22 (Est.) 397.71 434.32 70.46 326.28 37.58 2022/23 (Proj.) Feb 358.47 399.55 51.33 313.56 34.66 Mar 358.47 399.55 49.42 313.56 36.57 Rice, milled 2020/21 7.22 9.22 2.97 4.86 1.39 2021/22 (Est.) 6.08 8.67 2.61 4.80 1.26 2022/23 (Proj.) Feb 5.09 7.69 1.97 4.67 1.05 Mar 5.09 7.69 1.87 4.67 1.15 ================================================================================ WASDE - 634 - 9 March 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/ 2020/21 2295.22 3026.41 380.87 2395.52 738.12 2021/22 (Est.) 2346.98 3078.72 417.90 2443.61 729.95 2022/23 (Proj.) Feb 2321.08 3048.78 413.85 2414.35 708.82 Mar 2329.93 3051.78 411.55 2414.38 709.78 Wheat 2020/21 724.67 992.18 176.29 757.29 261.94 2021/22 (Est.) 734.41 993.76 181.08 763.10 252.44 2022/23 (Proj.) Feb 738.90 993.32 191.85 760.55 253.87 Mar 744.04 993.21 192.83 762.57 251.73 Coarse Grains 5/ 2020/21 1068.46 1351.44 156.39 1139.73 288.92 2021/22 (Est.) 1104.68 1391.01 182.65 1166.14 295.33 2022/23 (Proj.) Feb 1084.30 1376.83 169.91 1141.29 286.87 Mar 1081.15 1372.98 165.69 1136.53 285.87 Rice, milled 2020/21 502.10 682.79 48.19 498.50 187.26 2021/22 (Est.) 507.89 693.95 54.17 514.38 182.18 2022/23 (Proj.) Feb 497.88 678.63 52.08 512.52 168.08 Mar 504.74 685.59 53.03 515.28 172.18 ================================================================================ 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 2020/21 111.49 209.68 48.83 123.30 86.28 2021/22 (Est.) 115.90 202.18 42.86 116.27 86.11 2022/23 (Proj.) Feb 114.37 199.61 40.38 110.66 89.08 Mar 115.09 201.20 39.60 110.11 91.15 United States 2020/21 14.61 21.86 16.35 2.40 3.15 2021/22 (Est.) 17.52 20.68 14.62 2.55 3.75 2022/23 (Proj.) Feb 14.68 18.44 12.00 2.10 4.30 Mar 14.68 18.44 12.00 2.10 4.30 Foreign 4/ 2020/21 96.89 187.82 32.48 120.90 83.13 2021/22 (Est.) 98.38 181.51 28.24 113.72 82.36 2022/23 (Proj.) Feb 99.69 181.17 28.38 108.56 84.78 Mar 100.41 182.77 27.60 108.01 86.85 ================================================================================ WASDE - 634 - 10 March 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 2020/21 607.70 719.91 192.03 509.00 115.63 2021/22 (Est.) 607.09 722.71 178.87 509.54 117.70 2022/23 (Proj.) Feb 636.72 754.24 198.03 529.54 119.18 Mar 629.89 747.59 199.88 526.26 117.31 Oilmeals 2020/21 348.96 368.94 97.37 345.07 18.29 2021/22 (Est.) 348.60 366.88 95.87 345.67 17.99 2022/23 (Proj.) Feb 362.06 379.83 97.64 357.49 17.63 Mar 359.51 377.50 96.59 355.86 17.01 Vegetable Oils 2020/21 206.72 236.70 85.40 204.64 28.50 2021/22 (Est.) 208.53 237.03 79.04 204.04 29.35 2022/23 (Proj.) Feb 217.58 246.95 87.95 212.91 29.94 Mar 217.22 246.57 88.23 212.83 29.56 United States Oilseeds 2020/21 124.52 141.69 62.78 62.66 8.64 2021/22 (Est.) 131.35 141.16 59.71 63.87 9.14 2022/23 (Proj.) Feb 125.96 136.39 55.08 65.02 7.88 Mar 125.96 136.39 55.76 64.75 7.47 Oilmeals 2020/21 48.25 53.02 12.62 40.00 0.39 2021/22 (Est.) 49.26 53.21 12.44 40.42 0.35 2022/23 (Proj.) Feb 50.23 54.56 12.66 41.50 0.40 Mar 50.13 54.46 12.66 41.39 0.40 Vegetable Oils 2020/21 12.70 18.86 1.04 16.52 1.30 2021/22 (Est.) 13.06 19.61 1.05 17.29 1.27 2022/23 (Proj.) Feb 13.32 20.12 0.53 18.31 1.28 Mar 13.30 20.10 0.44 18.38 1.28 Foreign 3/ Oilseeds 2020/21 483.18 578.22 129.25 446.34 106.99 2021/22 (Est.) 475.74 581.55 119.17 445.67 108.56 2022/23 (Proj.) Feb 510.76 617.85 142.95 464.52 111.30 Mar 503.93 611.19 144.12 461.52 109.84 Oilmeals 2020/21 300.72 315.92 84.74 305.07 17.90 2021/22 (Est.) 299.34 313.67 83.43 305.25 17.64 2022/23 (Proj.) Feb 311.83 325.26 84.97 315.99 17.23 Mar 309.38 323.04 83.93 314.46 16.60 Vegetable Oils 2020/21 194.02 217.84 84.36 188.12 27.20 2021/22 (Est.) 195.47 217.42 77.99 186.75 28.08 2022/23 (Proj.) Feb 204.25 226.83 87.42 194.60 28.66 Mar 203.92 226.47 87.79 194.44 28.28 ================================================================================ WASDE - 634 - 11 March 2023 U.S. Wheat Supply and Use 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Acres Area Planted 44.5 46.7 45.7 45.7 Area Harvested 36.8 37.1 35.5 35.5 Bushels Yield per Harvested Acre 49.7 44.3 46.5 46.5 Million Bushels Beginning Stocks 1028 845 698 698 Production 1828 1646 1650 1650 Imports 100 95 120 120 Supply, Total 2956 2587 2468 2468 Food 961 972 975 975 Seed 64 58 70 70 Feed and Residual 93 59 80 80 Domestic, Total 1117 1088 1125 1125 Exports 994 800 775 775 Use, Total 2111 1888 1900 1900 Ending Stocks 845 698 568 568 Avg.FarmPrice ($/bu) 2/ 5.05 7.63 9.00 9.00 ================================================================================ 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 2021/22 (Est.) Beginning Stocks 428 235 85 70 27 845 Production 750 297 361 201 38 1646 Supply, Total 3/ 1182 575 449 276 105 2587 Domestic Use 489 220 238 75 67 1088 Exports 317 209 112 148 14 800 Use, Total 806 429 350 222 81 1888 Ending Stocks, Total 376 146 99 54 24 698 2022/23 (Proj.) Beginning Stocks 376 146 99 54 24 698 Production 531 446 337 272 64 1650 Supply, Total 3/ 912 647 441 331 138 2468 Domestic Use 418 297 223 96 91 1125 Exports 220 230 115 190 20 775 Use, Total 638 527 338 286 111 1900 Ending Stocks, Total Mar 273 120 102 45 27 568 Feb 273 120 102 45 27 568 ================================================================================ WASDE - 634 - 12 March 2023 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Acres FEED GRAINS Area Planted 102.3 105.8 100.4 100.4 Area Harvested 90.6 94.4 87.1 87.1 Metric Tons Yield per Harvested Acre 4.11 4.21 4.11 4.11 Million Metric Tons Beginning Stocks 51.8 34.0 37.6 37.6 Production 372.6 397.5 358.2 358.2 Imports 2.2 2.3 3.2 3.2 Supply, Total 426.6 433.8 398.9 398.9 Feed and Residual 146.7 148.6 137.7 137.7 Food, Seed & Industrial 168.8 177.1 175.2 175.2 Domestic, Total 315.4 325.8 312.9 312.9 Exports 77.2 70.5 51.3 49.4 Use, Total 392.6 396.2 364.3 362.3 Ending Stocks 34.0 37.6 34.6 36.5 Million Acres CORN Area Planted 90.7 93.3 88.6 88.6 Area Harvested 82.3 85.3 79.2 79.2 Bushels Yield per Harvested Acre 171.4 176.7 173.3 173.3 Million Bushels Beginning Stocks 1919 1235 1377 1377 Production 14111 15074 13730 13730 Imports 24 24 50 50 Supply, Total 16055 16333 15157 15157 Feed and Residual 5607 5718 5275 5275 Food,Seed& Industrial 2/ 6467 6766 6690 6690 Ethanol & by-products 3/ 5028 5326 5250 5250 Domestic, Total 12074 12484 11965 11965 Exports 2747 2471 1925 1850 Use, Total 14821 14956 13890 13815 Ending Stocks 1235 1377 1267 1342 Avg.FarmPrice ($/bu) 4/ 4.53 6.00 6.70 6.60 ================================================================================ WASDE - 634 - 13 March 2023 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 5.9 7.3 6.3 6.3 AreaHarvested(mil.acres) 5.1 6.5 4.6 4.6 Yield (bushels/acre) 73.2 69.0 41.1 41.1 Beginning Stocks 30 20 47 47 Production 373 448 188 188 Imports 0 0 0 0 Supply, Total 403 468 235 235 Feed and Residual 97 81 70 70 Food, Seed & Industrial 7 45 50 50 Total Domestic 104 127 120 120 Exports 279 294 90 90 Use, Total 383 421 210 210 Ending Stocks 20 47 25 25 Avg.FarmPrice ($/bu) 2/ 5.04 5.94 6.90 6.90 BARLEY AreaPlanted (mil. acres) 2.7 2.7 2.9 2.9 AreaHarvested(mil.acres) 2.2 2.0 2.4 2.4 Yield (bushels/acre) 77.2 60.3 71.7 71.7 Beginning Stocks 80 71 42 42 Production 171 120 174 174 Imports 7 15 16 16 Supply, Total 258 206 232 232 Feed and Residual 26 20 35 35 Food, Seed & Industrial 147 137 130 130 Total Domestic 172 157 165 165 Exports 14 7 5 5 Use, Total 186 164 170 170 Ending Stocks 71 42 62 62 Avg.FarmPrice ($/bu) 2/ 4.75 5.31 7.30 7.30 OATS AreaPlanted (mil. acres) 3.0 2.6 2.6 2.6 AreaHarvested(mil.acres) 1.0 0.7 0.9 0.9 Yield (bushels/acre) 65.1 61.3 64.8 64.8 Beginning Stocks 37 38 33 33 Production 66 40 58 58 Imports 85 81 90 90 Supply, Total 188 159 180 180 Feed and Residual 68 44 65 65 Food, Seed & Industrial 78 79 81 81 Total Domestic 147 124 146 146 Exports 3 3 2 2 Use, Total 150 126 148 148 Ending Stocks 38 33 32 32 Avg.FarmPrice ($/bu) 2/ 2.77 4.55 4.85 4.75 ================================================================================ WASDE - 634 - 14 March 2023 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Acres TOTAL RICE Area Planted 3.04 2.53 2.22 2.22 Area Harvested 2.99 2.49 2.17 2.17 Pounds Yield per Harvested Acre 7619 7709 7383 7383 Million Hundredweight Beginning Stocks 2/ 28.7 43.7 39.7 39.7 Production 227.5 191.6 160.4 160.4 Imports 34.1 37.8 42.0 42.0 Supply, Total 290.2 273.0 242.1 242.1 Domestic & Residual 3/ 153.1 151.1 147.0 147.0 Exports, Total 4/ 93.5 82.2 62.0 59.0 Rough 34.6 28.3 18.0 16.0 Milled (rough equiv.) 58.9 53.9 44.0 43.0 Use, Total 246.6 233.3 209.0 206.0 Ending Stocks 43.7 39.7 33.1 36.1 Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00 Avg.FarmPrice($/cwt) 6/ 14.40 16.10 19.40 19.40 LONG GRAIN RICE Harvested Acres (mil.) 2.30 1.94 1.77 1.77 Yield (pounds/acre) 7422 7471 7224 7224 Beginning Stocks 16.9 29.7 24.6 24.6 Imports 27.4 30.7 33.0 33.0 Production 170.8 144.6 128.2 128.2 Supply, Total 7/ 215.1 205.0 185.8 185.8 Domestic & Residual 3/ 120.3 119.7 117.0 117.0 Exports 8/ 65.0 60.6 47.0 45.0 Use, Total 185.3 180.3 164.0 162.0 Ending Stocks 29.7 24.6 21.8 23.8 Avg.FarmPrice($/cwt) 6/ 12.60 13.60 16.90 16.90 MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) 0.69 0.55 0.40 0.40 Yield (pounds/acre) 8282 8549 8094 8094 Beginning Stocks 10.7 11.5 13.0 13.0 Imports 6.7 7.1 9.0 9.0 Production 56.7 47.0 32.2 32.2 Supply, Total 7/ 72.7 66.0 54.3 54.3 Domestic & Residual 3/ 32.8 31.4 30.0 30.0 Exports 8/ 28.5 21.5 15.0 14.0 Use, Total 61.2 53.0 45.0 44.0 Ending Stocks 11.5 13.0 9.3 10.3 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 26.40 29.20 29.20 California 10/ 22.60 31.90 36.00 36.00 Other States 1/ 13.00 13.90 17.60 17.60 ================================================================================ WASDE - 634 - 15 March 2023 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Acres SOYBEANS Area Planted 83.4 87.2 87.5 87.5 Area Harvested 82.6 86.3 86.3 86.3 Bushels Yield per Harvested Acre 51.0 51.7 49.5 49.5 Million Bushels Beginning Stocks 525 257 274 274 Production 4216 4465 4276 4276 Imports 20 16 15 15 Supply, Total 4761 4738 4566 4566 Crushings 2141 2204 2230 2220 Exports 2266 2158 1990 2015 Seed 101 102 102 102 Residual -4 1 18 19 Use, Total 4504 4464 4340 4355 Ending Stocks 257 274 225 210 Avg.FarmPrice ($/bu) 2/ 10.80 13.30 14.30 14.30 Million Pounds SOYBEAN OIL Beginning Stocks 1853 2131 1991 1991 Production 4/ 25023 26155 26245 26195 Imports 302 303 300 300 Supply, Total 27177 28590 28536 28486 Domestic Disappearance 23314 24825 25900 26050 Biofuel 3/ 8920 10348 11600 11600 Food, Feed & other Industrial 14394 14477 14300 14450 Exports 1731 1773 700 500 Use, Total 25046 26599 26600 26550 Ending stocks 2131 1991 1936 1936 Avg. Price (c/lb) 2/ 56.87 72.98 68.00 66.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 341 341 311 311 Production 4/ 50565 51814 52639 52539 Imports 784 649 600 600 Supply, Total 51691 52804 53550 53450 Domestic Disappearance 37674 38970 39500 39400 Exports 13675 13524 13700 13700 Use, Total 51350 52493 53200 53100 Ending Stocks 341 311 350 350 Avg. Price ($/s.t.) 2/ 392.31 439.81 450.00 465.00 ================================================================================ WASDE - 634 - 16 March 2023 U.S. Sugar Supply and Use 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1618 1705 1820 1820 Production 2/ 9233 9157 9231 9310 Beet Sugar 5092 5155 5100 5160 Cane Sugar 4141 4002 4131 4150 Florida 2090 1934 2014 2040 Louisiana 1918 1944 2030 2034 Texas 134 124 87 76 Imports 3221 3646 3463 3330 TRQ 3/ 1749 1579 1611 1618 Other Program 4/ 292 298 250 250 Non-program 1180 1769 1602 1462 Mexico 968 1379 1477 1306 High-tier tariff/other 212 390 125 156 Total Supply 14072 14508 14514 14460 Exports 49 29 35 35 Deliveries 12277 12578 12605 12705 Food 12161 12470 12500 12600 Other 5/ 116 107 105 105 Miscellaneous 40 81 0 0 Total Use 12367 12688 12640 12740 Ending Stocks 1705 1820 1874 1720 Stocks to Use Ratio 13.8 14.3 14.8 13.5 ================================================================================ 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 2021/22 Est. Feb 1053 6185 31 4629 1676 964 Mar 1053 6185 31 4629 1676 964 2022/23 Proj. Feb 964 5900 35 4660 1268 971 Mar 964 5485 35 4438 1121 925 ================================================================================ WASDE - 634 - 17 March 2023 U.S. Cotton Supply and Use 1/ ================================================================================ 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj. Item Feb Mar ================================================================================ Million Acres Planted 12.09 11.22 13.76 13.76 Harvested 8.22 10.27 7.44 7.44 Pounds Yield per Harvested Acre 853 819 947 947 Million 480 Pound Bales Beginning Stocks 7.25 3.15 3.75 3.75 Production 14.61 17.52 14.68 14.68 Imports 0.00 0.01 0.01 0.01 Supply, Total 21.86 20.68 18.44 18.44 Domestic Use 2.40 2.55 2.10 2.10 Exports, Total 16.35 14.62 12.00 12.00 Use, Total 18.75 17.17 14.10 14.10 Unaccounted 2/ -0.04 -0.24 0.04 0.04 Ending Stocks 3.15 3.75 4.30 4.30 Avg. Farm Price 3/ 66.3 91.4 83.0 83.0 ================================================================================ WASDE - 634 - 18 March 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 ================================================================================ 2020/21 World 3/ 298.22 774.42 194.78 162.90 787.70 203.33 284.94 World Less China 148.21 640.17 184.16 117.90 632.70 202.57 145.82 United States 27.99 49.75 2.73 2.54 30.41 27.05 23.00 Total Foreign 270.24 724.67 192.06 160.36 757.29 176.29 261.94 Major Exporters 4/ 32.50 322.46 6.67 72.81 179.33 147.42 34.88 Argentina 2.46 17.64 0.01 0.05 6.25 11.53 2.32 Australia 2.70 31.92 0.20 4.50 8.03 23.77 3.02 Canada 5.50 35.44 0.55 4.16 9.10 26.43 5.95 European Union 5/ 13.11 126.68 5.39 42.50 104.75 29.74 10.70 Russia 7.23 85.35 0.40 19.00 42.50 39.10 11.38 Ukraine 1.50 25.42 0.13 2.60 8.70 16.85 1.51 Major Importers 6/ 193.47 200.43 124.37 62.58 328.60 12.62 177.04 Bangladesh 1.76 1.18 7.20 0.50 8.00 0.00 2.14 Brazil 1.99 6.25 6.40 0.40 11.80 0.93 1.91 China 150.02 134.25 10.62 45.00 155.00 0.76 139.12 Japan 1.10 1.00 5.49 0.65 6.25 0.30 1.04 N. Africa 7/ 14.36 15.81 28.50 1.75 46.62 0.80 11.24 Nigeria 0.30 0.06 6.59 0.05 5.55 0.60 0.79 Sel. Mideast 8/ 11.62 20.65 17.70 3.54 39.03 0.62 10.31 Southeast Asia 9/ 5.91 0.00 25.18 7.29 25.00 1.14 4.95 Selected Other India 24.70 107.86 0.02 6.50 102.22 2.56 27.80 Kazakhstan 0.66 14.26 1.00 1.45 6.25 8.19 1.48 United Kingdom 2.44 9.66 3.22 5.96 13.46 0.45 1.42 2021/22 Est. World 3/ 284.94 779.21 199.21 160.29 792.71 202.87 271.45 World Less China 145.82 642.26 189.64 125.29 644.71 201.99 134.69 United States 23.00 44.80 2.59 1.60 29.61 21.78 19.01 Total Foreign 261.94 734.41 196.61 158.69 763.10 181.08 252.44 Major Exporters 4/ 34.88 327.19 5.79 78.70 185.82 142.38 39.67 Argentina 2.32 22.15 0.00 0.05 6.15 15.98 2.35 Australia 3.02 36.24 0.21 5.00 8.53 27.51 3.43 Canada 5.95 22.42 0.55 5.15 10.15 15.12 3.66 European Union 5/ 10.70 138.22 4.63 45.00 108.25 31.93 13.36 Russia 11.38 75.16 0.30 19.50 42.75 33.00 11.09 Ukraine 1.51 33.01 0.10 4.00 10.00 18.84 5.77 Major Importers 6/ 177.04 203.23 130.54 53.73 323.64 15.31 171.87 Bangladesh 2.14 1.13 6.34 0.60 8.30 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/ 11.24 20.43 26.61 1.87 47.02 0.41 10.86 Nigeria 0.79 0.09 6.19 0.05 5.85 0.60 0.62 Sel. Mideast 8/ 10.31 16.50 22.99 3.88 39.10 0.75 9.96 Southeast Asia 9/ 4.95 0.00 27.01 7.50 25.33 1.23 5.41 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 2.63 7.40 15.40 0.83 1.81 ================================================================================ WASDE - 634 - 19 March 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 ================================================================================ 2022/23 Proj. World 3/ Feb 276.70 783.80 207.09 157.76 791.16 212.95 269.34 Mar 271.45 788.94 208.41 158.50 793.19 213.93 267.20 World Less China Feb 134.94 646.08 197.09 127.76 647.16 212.05 124.75 Mar 134.69 651.22 198.41 128.50 649.19 213.03 127.62 United States Feb 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Mar 19.01 44.90 3.27 2.18 30.62 21.09 15.47 Total Foreign Feb 257.69 738.90 203.83 155.59 760.55 191.85 253.87 Mar 252.44 744.04 205.14 156.32 762.57 192.83 251.73 Major Exporters 4/ Feb 39.71 332.02 10.21 80.05 187.90 154.50 39.54 Mar 39.67 333.42 10.21 80.05 188.00 154.00 41.29 Argentina Feb 2.35 12.50 0.01 0.05 6.15 7.50 1.21 Mar 2.35 12.90 0.01 0.05 6.25 6.50 2.51 Australia Feb 3.43 38.00 0.20 5.00 8.50 28.00 5.13 Mar 3.43 39.00 0.20 5.00 8.50 28.50 5.63 Canada Feb 3.66 33.82 0.60 4.50 9.55 25.00 3.54 Mar 3.66 33.82 0.60 4.50 9.55 25.00 3.54 European Union 5/ Feb 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Mar 13.36 134.70 9.00 45.00 109.00 37.00 11.06 Russia Feb 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Mar 11.09 92.00 0.30 21.50 45.50 43.50 14.39 Ukraine Feb 5.81 21.00 0.10 4.00 9.20 13.50 4.21 Mar 5.77 21.00 0.10 4.00 9.20 13.50 4.17 Major Importers 6/ Feb 176.87 205.94 133.27 49.14 320.11 16.22 179.75 Mar 171.87 206.44 132.67 49.25 319.72 16.87 174.39 Bangladesh Feb 1.31 1.10 5.30 0.20 7.00 0.00 0.71 Mar 1.31 1.10 5.00 0.20 6.70 0.00 0.71 Brazil Feb 1.18 9.90 5.60 0.40 11.70 3.90 1.08 Mar 1.18 10.40 5.60 0.40 11.70 4.40 1.08 China Feb 141.76 137.72 10.00 30.00 144.00 0.90 144.58 Mar 136.76 137.72 10.00 30.00 144.00 0.90 139.58 Japan Feb 1.18 1.05 5.75 0.75 6.30 0.30 1.38 Mar 1.18 1.05 5.75 0.75 6.30 0.30 1.38 N. Africa 7/ Feb 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Mar 10.86 17.60 29.90 1.77 47.22 0.50 10.64 Nigeria Feb 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Mar 0.62 0.11 6.00 0.00 5.60 0.60 0.53 Sel. Mideast 8/ Feb 9.96 17.61 23.22 3.38 39.18 0.77 10.84 Mar 9.96 17.61 23.22 3.38 39.28 0.67 10.84 Southeast Asia 9/ Feb 5.41 0.00 27.30 8.44 26.19 1.15 5.38 Mar 5.41 0.00 26.90 8.45 26.00 1.15 5.17 India Feb 19.50 103.00 0.10 6.00 104.08 5.90 12.63 Mar 19.50 104.00 0.10 6.00 105.48 5.50 12.63 Kazakhstan Feb 1.49 14.00 1.50 1.50 6.35 9.00 1.64 Mar 1.49 16.40 2.00 2.00 7.00 10.50 2.40 United Kingdom Feb 1.81 15.50 1.80 7.80 15.80 1.30 2.01 Mar 1.81 15.50 1.80 7.80 15.80 1.30 2.01 ================================================================================ WASDE - 634 - 20 March 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 ================================================================================ 2020/21 World 3/ 337.28 1441.35 233.87 903.88 1455.69 233.60 322.93 World Less China 136.33 1172.26 183.34 682.93 1142.59 233.59 115.48 United States 51.83 372.89 2.48 146.84 315.97 77.21 34.01 Total Foreign 285.45 1068.46 231.39 757.04 1139.73 156.39 288.92 Major Exporters 4/ 24.24 297.33 5.46 134.73 180.99 126.63 19.41 Argentina 4.57 60.01 0.02 11.29 17.02 45.52 2.06 Australia 3.01 18.56 0.00 6.21 8.08 10.50 2.98 Brazil 5.82 90.32 3.35 62.42 73.86 21.04 4.60 Canada 3.98 29.64 1.89 16.67 24.63 7.26 3.63 Russia 1.87 41.40 0.09 21.47 31.04 10.42 1.90 Ukraine 2.55 39.59 0.07 9.25 12.41 28.15 1.65 Major Importers 5/ 36.25 252.58 137.73 294.53 377.02 13.24 36.30 European Union 6/ 14.16 155.46 15.87 119.91 159.41 11.45 14.62 Japan 1.74 0.23 16.98 13.45 17.29 0.00 1.66 Mexico 4.14 32.66 17.15 30.34 49.84 0.51 3.60 N. Afr & Mideast 7/ 7.69 32.62 38.77 63.16 71.37 0.71 7.01 Saudi Arabia 1.72 0.19 10.03 10.25 10.61 0.00 1.33 Southeast Asia 8/ 3.80 31.12 22.65 43.43 51.72 0.57 5.29 South Korea 2.02 0.22 11.80 9.47 12.01 0.00 2.04 Selected Other China 200.96 269.08 50.53 220.95 313.11 0.01 207.46 2021/22 Est. World 3/ 322.93 1502.39 230.18 914.08 1492.41 253.10 332.91 World Less China 115.48 1221.54 188.68 686.25 1172.39 253.09 123.14 United States 34.01 397.71 2.59 148.76 326.28 70.46 37.58 Total Foreign 288.92 1104.68 227.59 765.31 1166.14 182.65 295.33 Major Exporters 4/ 19.41 332.81 9.78 142.56 188.84 148.83 24.32 Argentina 2.06 59.16 0.01 13.12 18.74 40.00 2.48 Australia 2.98 19.22 0.00 5.84 7.71 10.95 3.53 Brazil 4.60 120.62 3.25 63.59 75.68 48.52 4.28 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 12.95 16.08 32.93 6.17 Major Importers 5/ 36.30 248.19 138.89 288.58 371.73 15.30 36.35 European Union 6/ 14.62 154.41 21.35 120.47 159.89 13.72 16.77 Japan 1.66 0.24 16.52 13.09 16.83 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 29.37 40.57 61.03 69.78 0.69 6.49 Saudi Arabia 1.33 0.20 8.28 8.05 8.41 0.00 1.40 Southeast Asia 8/ 5.29 30.90 17.34 41.11 49.48 0.64 3.41 South Korea 2.04 0.20 11.63 9.26 11.79 0.00 2.08 Selected Other China 207.46 280.85 41.50 227.83 320.03 0.01 209.77 ================================================================================ WASDE - 634 - 21 March 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 ================================================================================ 2022/23 Proj. World 3/ Feb 333.61 1442.77 216.35 893.38 1454.85 221.24 321.53 Mar 332.91 1439.62 213.56 891.75 1450.09 215.11 322.44 World Less China Feb 123.84 1157.27 183.90 664.73 1135.00 221.19 113.71 Mar 123.14 1154.12 181.41 663.40 1130.54 215.06 114.62 United States Feb 37.58 358.47 3.50 137.99 313.56 51.33 34.66 Mar 37.58 358.47 3.50 137.99 313.56 49.42 36.57 Total Foreign Feb 296.03 1084.30 212.85 755.39 1141.29 169.91 286.87 Mar 295.33 1081.15 210.06 753.77 1136.53 165.69 285.87 Major Exporters 4/ Feb 24.78 327.22 3.05 137.61 184.46 144.28 26.32 Mar 24.32 320.54 3.05 138.19 184.99 138.18 24.74 Argentina Feb 2.48 55.51 0.01 10.16 15.87 39.80 2.33 Mar 2.48 48.71 0.01 10.46 16.17 32.70 2.33 Australia Feb 3.53 18.47 0.00 6.02 7.90 10.68 3.43 Mar 3.53 18.67 0.00 6.12 8.00 10.78 3.43 Brazil Feb 4.78 129.54 1.80 65.50 77.99 50.03 8.10 Mar 4.28 129.54 1.80 65.50 77.99 50.03 7.60 Canada Feb 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Mar 3.71 30.54 1.05 17.12 24.79 6.48 4.03 Russia Feb 1.85 41.77 0.10 23.37 32.82 8.97 1.94 Mar 1.85 41.77 0.10 23.57 33.02 8.77 1.94 Ukraine Feb 6.17 34.16 0.00 8.02 11.15 24.93 4.26 Mar 6.17 34.16 0.00 8.02 11.15 26.03 3.16 Major Importers 5/ Feb 36.35 231.61 139.97 283.01 364.95 10.78 32.20 Mar 36.35 231.91 138.25 281.55 363.43 10.88 32.20 European Union 6/ Feb 16.77 135.61 25.63 117.31 155.81 8.46 13.74 Mar 16.77 135.61 25.61 117.28 155.78 8.47 13.74 Japan Feb 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Mar 1.59 0.25 16.47 12.85 16.75 0.00 1.56 Mexico Feb 3.93 33.49 17.97 31.34 50.96 0.60 3.83 Mar 3.93 33.49 17.97 31.34 50.96 0.60 3.83 N. Afr & Mideast 7/ Feb 6.49 31.13 38.56 60.64 68.97 0.94 6.28 Mar 6.49 31.43 37.26 59.71 67.98 0.94 6.28 Saudi Arabia Feb 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Mar 1.40 0.19 8.71 8.75 9.11 0.00 1.20 Southeast Asia 8/ Feb 3.41 30.71 16.96 38.85 47.35 0.78 2.94 Mar 3.41 30.71 16.76 38.55 47.05 0.88 2.94 South Korea Feb 2.08 0.15 11.10 8.74 11.22 0.00 2.11 Mar 2.08 0.15 11.10 8.74 11.22 0.00 2.11 China Feb 209.77 285.50 32.45 228.65 319.85 0.05 207.82 Mar 209.77 285.50 32.15 228.35 319.55 0.05 207.82 ================================================================================ WASDE - 634 - 22 March 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 ================================================================================ 2020/21 World 3/ 307.41 1129.39 184.94 723.88 1143.97 182.70 292.83 World Less China 106.88 868.72 155.43 520.88 858.97 182.70 87.12 United States 48.76 358.45 0.62 142.43 306.69 69.78 31.36 Total Foreign 258.65 770.94 184.32 581.46 837.29 112.93 261.47 Major Exporters 4/ 13.37 200.12 2.92 91.02 113.82 93.55 9.04 Argentina 3.62 52.00 0.01 9.50 13.50 40.94 1.18 Brazil 5.33 87.00 2.85 59.50 70.00 21.02 4.15 Russia 0.83 13.87 0.04 8.90 10.00 3.99 0.75 South Africa 2.12 16.95 0.01 7.22 13.22 3.73 2.12 Ukraine 1.48 30.30 0.02 5.90 7.10 23.86 0.83 Major Importers 5/ 20.79 132.43 92.89 164.27 219.53 4.79 21.78 Egypt 1.73 6.40 9.63 13.90 16.40 0.01 1.36 European Union 6/ 7.38 67.44 14.49 57.20 77.70 3.74 7.88 Japan 1.39 0.01 15.48 12.00 15.45 0.00 1.42 Mexico 3.52 27.35 16.50 25.60 43.80 0.48 3.08 Southeast Asia 7/ 3.79 31.07 20.69 41.65 49.70 0.57 5.28 South Korea 2.00 0.09 11.71 9.42 11.78 0.00 2.02 Selected Other Canada 2.56 13.56 1.58 8.59 13.98 1.56 2.17 China 200.53 260.67 29.51 203.00 285.00 0.00 205.70 2021/22 Est. World 3/ 292.83 1216.03 184.48 749.43 1203.16 205.73 305.69 World Less China 87.12 943.47 162.60 540.43 912.16 205.73 96.55 United States 31.36 382.89 0.62 145.25 317.12 62.78 34.98 Total Foreign 261.47 833.13 183.87 604.17 886.05 142.96 270.71 Major Exporters 4/ 9.04 238.99 2.67 97.30 120.40 117.08 13.22 Argentina 1.18 49.50 0.01 10.90 14.80 34.40 1.49 Brazil 4.15 116.00 2.60 59.50 70.50 48.50 3.75 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 13.10 3.20 1.96 Ukraine 0.83 42.13 0.02 9.70 10.90 26.98 5.09 Major Importers 5/ 21.78 136.21 94.37 168.12 223.27 6.89 22.20 Egypt 1.36 7.44 9.76 14.50 17.00 0.00 1.56 European Union 6/ 7.88 70.98 19.78 62.30 82.70 6.00 9.94 Japan 1.42 0.01 15.01 11.70 15.05 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 16.16 40.10 48.25 0.64 3.40 South Korea 2.02 0.10 11.52 9.22 11.57 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 ================================================================================ WASDE - 634 - 23 March 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 ================================================================================ 2022/23 Proj. World 3/ Feb 306.28 1151.36 177.00 729.14 1162.37 181.07 295.28 Mar 305.69 1147.52 174.48 726.98 1156.75 174.71 296.46 World Less China Feb 97.15 874.16 159.00 513.14 865.37 181.05 87.96 Mar 96.55 870.32 156.48 510.98 859.75 174.69 89.14 United States Feb 34.98 348.75 1.27 133.99 303.93 48.90 32.17 Mar 34.98 348.75 1.27 133.99 303.93 46.99 34.08 Total Foreign Feb 271.31 802.61 175.73 595.15 858.45 132.18 263.10 Mar 270.71 798.77 173.21 592.99 852.83 127.72 262.38 Major Exporters 4/ Feb 13.68 229.70 1.36 91.60 115.40 114.20 15.14 Mar 13.22 222.70 1.36 91.60 115.40 108.20 13.68 Argentina Feb 1.49 47.00 0.01 8.00 12.00 35.00 1.49 Mar 1.49 40.00 0.01 8.00 12.00 28.00 1.49 Brazil Feb 4.25 125.00 1.30 61.50 73.00 50.00 7.55 Mar 3.75 125.00 1.30 61.50 73.00 50.00 7.05 Russia Feb 0.93 14.00 0.05 9.80 10.90 3.30 0.78 Mar 0.93 14.00 0.05 9.80 10.90 3.30 0.78 South Africa Feb 1.92 16.70 0.00 7.30 13.30 3.40 1.92 Mar 1.96 16.70 0.00 7.30 13.30 3.40 1.96 Ukraine Feb 5.09 27.00 0.00 5.00 6.20 22.50 3.39 Mar 5.09 27.00 0.00 5.00 6.20 23.50 2.39 Major Importers 5/ Feb 22.20 120.07 96.30 161.10 215.70 3.59 19.28 Mar 22.20 120.07 95.70 160.40 215.00 3.69 19.28 Egypt Feb 1.56 7.44 9.20 13.90 16.40 0.01 1.79 Mar 1.56 7.44 9.00 13.70 16.20 0.01 1.79 European Union 6/ Feb 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Mar 9.94 54.20 23.50 58.50 78.10 2.20 7.34 Japan Feb 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mar 1.39 0.01 15.00 11.50 15.00 0.00 1.40 Mexico Feb 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Mar 3.16 27.60 17.20 26.00 44.20 0.60 3.16 Southeast Asia 7/ Feb 3.40 30.66 15.90 38.00 46.25 0.78 2.93 Mar 3.40 30.66 15.70 37.70 45.95 0.88 2.93 South Korea Feb 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Mar 2.06 0.08 11.00 8.70 11.05 0.00 2.09 Canada Feb 2.75 14.54 1.00 9.00 14.20 1.60 2.49 Mar 2.75 14.54 1.00 9.00 14.20 1.60 2.49 China Feb 209.14 277.20 18.00 216.00 297.00 0.02 207.32 Mar 209.14 277.20 18.00 216.00 297.00 0.02 207.32 ================================================================================ WASDE - 634 - 24 March 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 ================================================================================ 2020/21 World 3/ 182.69 509.32 46.46 503.36 51.16 188.65 World Less China 66.19 361.02 42.25 353.07 48.94 72.15 United States 0.91 7.22 1.08 4.86 2.97 1.39 Total Foreign 181.78 502.10 45.38 498.50 48.19 187.26 Major Exporters 4/ 40.93 191.63 2.01 149.20 38.55 46.82 Burma 1.01 12.60 0.00 10.40 1.90 1.31 India 33.90 124.37 0.00 101.05 20.22 37.00 Pakistan 0.94 8.42 0.01 3.60 3.88 1.89 Thailand 3.90 18.86 0.20 12.70 6.28 3.98 Vietnam 1.18 27.38 1.80 21.45 6.27 2.64 Major Importers 5/ 128.89 240.06 17.08 255.09 2.71 128.23 China 116.50 148.30 4.22 150.29 2.22 116.50 European Union 6/ 0.92 1.83 1.78 3.40 0.45 0.68 Indonesia 3.31 34.50 0.65 35.40 0.00 3.06 Nigeria 1.49 5.15 2.20 7.15 0.00 1.69 Philippines 3.60 12.42 2.20 14.45 0.00 3.76 Sel. Mideast 7/ 1.22 2.31 3.28 5.85 0.00 0.95 Selected Other Brazil 0.84 8.00 0.63 7.35 0.95 1.17 C. Amer & Carib 8/ 0.68 1.59 1.62 3.28 0.04 0.57 Egypt 1.23 4.00 0.23 4.30 0.01 1.16 Japan 1.98 7.57 0.65 8.15 0.11 1.94 Mexico 0.17 0.20 0.81 0.96 0.02 0.20 South Korea 1.14 3.51 0.43 4.00 0.05 1.02 2021/22 Est. World 3/ 188.65 513.97 54.62 519.18 56.78 183.44 World Less China 72.15 364.98 48.67 362.82 54.70 70.44 United States 1.39 6.08 1.20 4.80 2.61 1.26 Total Foreign 187.26 507.89 53.42 514.38 54.17 182.18 Major Exporters 4/ 46.82 197.79 1.63 158.90 43.99 43.36 Burma 1.31 12.35 0.00 10.40 2.37 0.90 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 7.10 2.31 Major Importers 5/ 128.23 241.98 22.39 263.06 2.53 127.00 China 116.50 148.99 5.95 156.36 2.08 113.00 European Union 6/ 0.68 1.72 2.43 3.50 0.41 0.92 Indonesia 3.06 34.40 0.70 35.30 0.00 2.86 Nigeria 1.69 5.26 2.45 7.35 0.00 2.05 Philippines 3.76 12.54 3.60 15.40 0.00 4.50 Sel. Mideast 7/ 0.95 2.15 4.29 6.10 0.00 1.29 Selected Other Brazil 1.17 7.34 0.90 7.15 1.40 0.86 C. Amer & Carib 8/ 0.57 1.62 1.68 3.26 0.03 0.59 Egypt 1.16 2.90 0.61 4.05 0.01 0.61 Japan 1.94 7.67 0.69 8.20 0.12 1.98 Mexico 0.20 0.18 0.81 0.97 0.01 0.21 South Korea 1.02 3.88 0.44 3.95 0.05 1.33 ================================================================================ WASDE - 634 - 25 March 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 ================================================================================ 2022/23 Proj. World 3/ Feb 183.34 502.98 53.07 517.18 54.05 169.13 Mar 183.44 509.83 53.69 519.95 54.90 173.32 World Less China Feb 70.34 357.03 47.87 362.24 51.85 62.13 Mar 70.44 363.88 48.19 365.00 52.70 66.02 United States Feb 1.26 5.09 1.33 4.67 1.97 1.05 Mar 1.26 5.09 1.33 4.67 1.87 1.15 Total Foreign Feb 182.08 497.88 51.74 512.52 52.08 168.08 Mar 182.18 504.74 52.36 515.28 53.03 172.18 Major Exporters 4/ Feb 43.36 191.30 1.16 157.10 42.70 36.02 Mar 43.36 198.30 1.26 159.65 43.70 39.57 Burma Feb 0.90 12.50 0.00 10.30 2.40 0.71 Mar 0.90 12.50 0.00 10.30 2.40 0.71 India Feb 34.00 125.00 0.00 108.50 21.50 29.00 Mar 34.00 132.00 0.00 111.00 22.50 32.50 Pakistan Feb 2.65 6.60 0.01 3.80 3.80 1.66 Mar 2.65 6.60 0.01 3.80 3.80 1.66 Thailand Feb 3.50 20.20 0.15 13.00 8.20 2.65 Mar 3.50 20.20 0.15 13.00 8.20 2.65 Vietnam Feb 2.31 27.00 1.00 21.50 6.80 2.01 Mar 2.31 27.00 1.10 21.55 6.80 2.06 Major Importers 5/ Feb 126.95 238.46 21.20 263.12 2.64 120.85 Mar 127.00 238.46 21.60 263.17 2.64 121.26 China Feb 113.00 145.95 5.20 154.95 2.20 107.00 Mar 113.00 145.95 5.50 154.95 2.20 107.30 European Union 6/ Feb 0.92 1.27 2.65 3.55 0.40 0.89 Mar 0.92 1.27 2.65 3.55 0.40 0.89 Indonesia Feb 2.81 34.60 0.75 35.20 0.00 2.96 Mar 2.86 34.60 0.75 35.25 0.00 2.96 Nigeria Feb 2.05 5.04 2.20 7.45 0.00 1.84 Mar 2.05 5.04 2.30 7.45 0.00 1.94 Philippines Feb 4.50 12.41 3.60 15.75 0.00 4.76 Mar 4.50 12.41 3.60 15.75 0.00 4.76 Sel. Mideast 7/ Feb 1.29 2.24 4.15 6.33 0.00 1.36 Mar 1.29 2.24 4.15 6.33 0.00 1.36 Brazil Feb 0.86 7.07 0.85 7.15 1.10 0.53 Mar 0.86 6.94 0.90 7.05 1.10 0.54 C. Amer & Carib 8/ Feb 0.60 1.53 1.74 3.27 0.03 0.58 Mar 0.59 1.54 1.74 3.27 0.03 0.56 Egypt Feb 0.61 3.60 0.55 4.10 0.01 0.66 Mar 0.61 3.60 0.55 4.10 0.01 0.66 Japan Feb 1.98 7.45 0.69 8.20 0.12 1.79 Mar 1.98 7.45 0.69 8.20 0.12 1.79 Mexico Feb 0.21 0.18 0.80 0.97 0.01 0.21 Mar 0.21 0.18 0.80 0.97 0.01 0.21 South Korea Feb 1.33 3.76 0.42 4.00 0.06 1.46 Mar 1.33 3.76 0.42 4.00 0.06 1.46 ================================================================================ WASDE - 634 - 26 March 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 ================================================================================ 2020/21 World 98.18 111.49 48.68 123.30 48.83 -0.06 86.28 World Less China 61.84 81.89 35.82 82.30 48.82 -0.06 48.49 United States 7.25 14.61 3/ 2.40 16.35 -0.04 3.15 Total Foreign 90.93 96.89 48.68 120.90 32.48 -0.02 83.13 Major Exporters 4/ 40.16 53.81 1.60 35.05 27.92 -0.08 32.68 Central Asia 5/ 3.74 5.48 0.03 4.27 2.03 0.00 2.94 Afr. Fr. Zone 6/ 2.50 4.84 3/ 0.10 5.49 0.00 1.74 S. Hemis. 7/ 17.63 15.55 0.13 4.03 13.66 -0.09 15.71 Australia 1.20 2.80 3/ 0.01 1.58 -0.10 2.51 Brazil 14.40 10.82 0.01 3.10 11.01 0.00 11.12 India 15.68 27.60 0.84 26.00 6.19 0.00 11.94 Major Importers 8/ 48.28 39.87 44.66 81.78 3.10 0.06 47.87 Mexico 0.71 1.02 0.93 1.70 0.49 0.02 0.45 China 36.34 29.60 12.86 41.00 0.01 0.00 37.79 European Union 9/ 0.66 1.70 0.56 0.59 1.96 0.00 0.37 Turkey 2.77 2.90 5.33 7.70 0.59 0.00 2.71 Pakistan 3.12 4.50 5.40 10.80 0.03 0.03 2.17 Indonesia 0.64 3/ 2.31 2.45 0.01 0.00 0.50 Thailand 0.10 3/ 0.60 0.61 0.00 0.01 0.08 Bangladesh 2.52 0.15 8.30 8.50 0.00 0.01 2.45 Vietnam 1.10 3/ 7.29 7.30 0.00 0.00 1.09 2021/22 Est. World 86.28 115.90 42.69 116.27 42.86 -0.37 86.11 World Less China 48.49 89.10 34.85 82.52 42.74 -0.37 47.55 United States 3.15 17.52 0.01 2.55 14.62 -0.24 3.75 Total Foreign 83.13 98.38 42.69 113.72 28.24 -0.12 82.36 Major Exporters 4/ 32.68 55.49 1.60 34.24 24.03 -0.18 31.68 Central Asia 5/ 2.94 5.15 0.05 4.32 1.46 0.00 2.37 Afr. Fr. Zone 6/ 1.74 5.98 3/ 0.10 6.01 -0.01 1.61 S. Hemis. 7/ 15.71 19.55 0.19 4.35 12.45 -0.18 18.84 Australia 2.51 5.75 3/ 0.01 3.58 -0.19 4.86 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/ 47.87 39.65 38.69 75.23 2.93 0.06 48.00 Mexico 0.45 1.22 0.96 1.85 0.40 0.01 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 2.17 6.00 4.50 10.70 0.05 0.03 1.89 Indonesia 0.50 3/ 2.58 2.60 0.01 0.00 0.46 Thailand 0.08 3/ 0.75 0.73 0.00 0.01 0.10 Bangladesh 2.45 0.15 8.20 8.50 0.00 0.01 2.29 Vietnam 1.09 3/ 6.63 6.70 0.00 0.00 1.02 ================================================================================ WASDE - 634 - 27 March 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 ================================================================================ 2022/23 Proj. World Feb 85.24 114.37 40.44 110.66 40.38 -0.08 89.08 Mar 86.11 115.09 39.58 110.11 39.60 -0.07 91.15 World Less China Feb 47.92 85.87 32.69 74.66 40.26 -0.08 51.64 Mar 47.55 85.59 32.08 74.11 39.47 -0.07 51.71 United States Feb 3.75 14.68 0.01 2.10 12.00 0.04 4.30 Mar 3.75 14.68 0.01 2.10 12.00 0.04 4.30 Total Foreign Feb 81.49 99.69 40.44 108.56 28.38 -0.12 84.78 Mar 82.36 100.41 39.57 108.01 27.60 -0.11 86.85 Major Exporters 4/ Feb 32.04 56.03 2.32 31.08 24.25 -0.17 35.23 Mar 31.68 55.70 2.31 31.23 23.46 -0.17 35.16 Central Asia 5/ Feb 2.66 5.00 0.08 3.77 1.47 0.00 2.50 Mar 2.37 5.20 0.05 3.92 1.42 0.00 2.28 Afr. Fr. Zone 6/ Feb 1.61 4.81 3/ 0.10 4.73 0.00 1.59 Mar 1.61 4.79 3/ 0.10 4.70 0.00 1.60 S. Hemis. 7/ Feb 18.91 20.18 0.15 4.15 15.16 -0.18 20.11 Mar 18.84 20.67 0.16 4.15 14.75 -0.18 20.95 Australia Feb 4.86 5.00 3/ 0.01 6.10 -0.19 3.94 Mar 4.86 5.50 3/ 0.01 6.10 -0.19 4.44 Brazil Feb 11.84 13.30 0.02 3.20 8.00 0.00 13.95 Mar 11.84 13.30 0.02 3.20 7.70 0.00 14.25 India Feb 8.60 25.50 1.70 22.50 2.50 0.00 10.80 Mar 8.60 24.50 1.70 22.50 2.20 0.00 10.10 Major Importers 8/ Feb 46.75 40.38 35.84 73.40 2.86 0.06 46.66 Mar 48.00 41.43 34.94 72.70 2.86 0.07 48.75 Mexico Feb 0.37 1.35 0.95 1.80 0.50 0.01 0.36 Mar 0.37 1.40 0.90 1.80 0.50 0.01 0.36 China Feb 37.31 28.50 7.75 36.00 0.13 0.00 37.44 Mar 38.56 29.50 7.50 36.00 0.13 0.00 39.44 European Union 9/ Feb 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Mar 0.30 1.57 0.56 0.58 1.50 0.00 0.34 Turkey Feb 2.77 4.90 4.30 8.00 0.70 0.00 3.27 Mar 2.77 4.90 4.20 7.70 0.70 0.01 3.46 Pakistan Feb 1.89 3.90 4.50 8.80 0.03 0.03 1.44 Mar 1.89 3.90 4.30 8.60 0.03 0.03 1.44 Indonesia Feb 0.46 3/ 1.90 2.00 0.01 0.00 0.36 Mar 0.46 3/ 1.80 1.90 0.01 0.00 0.36 Thailand Feb 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Mar 0.10 3/ 0.70 0.70 0.00 0.01 0.09 Bangladesh Feb 2.29 0.16 7.90 8.20 0.00 0.01 2.14 Mar 2.29 0.16 7.70 8.10 0.00 0.01 2.04 Vietnam Feb 1.02 3/ 6.30 6.30 0.00 0.00 1.03 Mar 1.02 3/ 6.30 6.30 0.00 0.00 1.03 ================================================================================ WASDE - 634 - 28 March 2023 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2020/21 World 2/ 94.97 368.48 165.55 315.98 363.97 164.99 100.03 World Less China 70.36 348.87 65.81 222.98 251.23 164.92 68.89 United States 14.28 114.75 0.54 58.26 60.91 61.67 6.99 Total Foreign 80.69 253.73 165.01 257.73 303.06 103.33 93.04 Major Exporters 3/ 47.84 197.34 5.92 90.25 100.94 94.95 55.21 Argentina 26.65 46.20 4.82 40.16 47.41 5.20 25.06 Brazil 20.42 139.50 1.02 46.68 49.88 81.65 29.40 Paraguay 0.57 9.64 0.02 3.33 3.43 6.33 0.48 Major Importers 4/ 27.98 23.25 133.39 122.10 149.80 0.27 34.56 China 24.61 19.60 99.74 93.00 112.74 0.07 31.15 European Union 1.72 2.60 14.79 15.80 17.36 0.19 1.56 Southeast Asia 0.98 0.59 9.68 4.74 10.04 0.01 1.20 Mexico 0.37 0.25 6.10 6.20 6.25 0.00 0.46 2021/22 Est. World 2/ 100.03 358.14 157.08 312.95 362.27 153.98 99.00 World Less China 68.89 341.75 65.51 225.45 254.67 153.88 67.60 United States 6.99 121.53 0.43 59.98 62.77 58.72 7.47 Total Foreign 93.04 236.61 156.64 252.97 299.51 95.26 91.53 Major Exporters 3/ 55.21 180.82 4.43 91.37 102.01 87.26 51.19 Argentina 25.06 43.90 3.84 38.83 46.04 2.86 23.90 Brazil 29.40 129.50 0.54 50.25 53.50 79.06 26.89 Paraguay 0.48 4.18 0.04 2.20 2.25 2.27 0.18 Major Importers 4/ 34.56 20.16 123.78 116.28 143.88 0.42 34.20 China 31.15 16.40 91.57 87.50 107.60 0.10 31.40 European Union 1.56 2.71 14.55 15.40 16.97 0.29 1.55 Southeast Asia 1.20 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 Proj. World 2/ Feb 98.83 383.01 164.07 323.90 376.41 167.47 102.03 Mar 99.00 375.15 165.39 320.04 371.13 168.40 100.01 World Less China Feb 67.43 362.68 68.07 229.90 261.11 167.37 69.70 Mar 67.60 354.87 69.39 228.04 257.83 168.30 65.73 United States Feb 7.47 116.38 0.41 60.69 63.97 54.16 6.13 Mar 7.47 116.38 0.41 60.42 63.69 54.84 5.72 Total Foreign Feb 91.36 266.63 163.67 263.21 312.44 113.31 95.90 Mar 91.53 258.77 164.99 259.62 307.44 113.56 94.29 Major Exporters 3/ Feb 50.94 206.30 7.02 93.58 104.61 104.73 54.93 Mar 51.19 198.10 8.02 91.54 101.15 104.50 51.66 Argentina Feb 23.90 41.00 6.25 37.30 44.55 4.20 22.40 Mar 23.90 33.00 7.25 35.25 40.95 3.40 19.80 Brazil Feb 26.82 153.00 0.75 52.75 56.35 92.00 32.22 Mar 26.89 153.00 0.75 52.75 56.40 92.70 31.54 Paraguay Feb 0.20 10.00 0.01 3.45 3.63 6.30 0.28 Mar 0.18 10.00 0.01 3.45 3.58 6.40 0.21 Major Importers 4/ Feb 34.20 23.71 129.53 122.50 151.84 0.37 35.23 Mar 34.20 23.66 129.53 120.50 149.84 0.37 37.18 China Feb 31.40 20.33 96.00 94.00 115.30 0.10 32.33 Mar 31.40 20.28 96.00 92.00 113.30 0.10 34.28 European Union Feb 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Mar 1.55 2.47 13.90 14.65 16.23 0.25 1.44 Southeast Asia Feb 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Mar 0.69 0.50 9.88 4.85 10.20 0.02 0.86 Mexico Feb 0.30 0.19 6.40 6.50 6.55 0.00 0.34 Mar 0.30 0.19 6.40 6.50 6.55 0.00 0.34 ================================================================================ WASDE - 634 - 29 March 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 ================================================================================ 2020/21 World 2/ 15.17 248.25 64.44 243.92 69.34 14.60 World Less China 15.17 174.59 64.37 171.24 68.29 14.60 United States 0.31 45.87 0.71 34.18 12.41 0.31 Total Foreign 14.86 202.37 63.73 209.74 56.93 14.29 Major Exporters 3/ 6.54 75.50 0.26 28.33 47.30 6.67 Argentina 2.57 31.32 0.00 3.28 28.33 2.29 Brazil 3.77 36.18 0.02 19.20 16.58 4.20 India 0.20 8.00 0.24 5.85 2.40 0.19 Major Importers 4/ 2.63 22.86 37.25 59.63 1.12 2.00 European Union 0.79 12.48 16.51 28.39 0.85 0.55 Mexico 0.18 4.90 1.85 6.73 0.01 0.20 Southeast Asia 5/ 1.48 3.69 17.05 20.86 0.27 1.10 China 0.00 73.66 0.07 72.68 1.05 0.00 2021/22 Est. World 2/ 14.60 245.57 66.03 243.51 68.44 14.26 World Less China 14.60 176.27 65.98 174.64 67.95 14.26 United States 0.31 47.01 0.59 35.35 12.27 0.28 Total Foreign 14.29 198.56 65.44 208.16 56.17 13.97 Major Exporters 3/ 6.67 76.04 0.79 29.16 47.74 6.60 Argentina 2.29 30.29 0.14 3.33 26.59 2.80 Brazil 4.20 38.95 0.01 19.55 20.21 3.40 India 0.19 6.80 0.65 6.29 0.94 0.41 Major Importers 4/ 2.00 22.60 38.13 59.85 1.13 1.77 European Union 0.55 12.17 16.84 28.04 0.77 0.74 Mexico 0.20 5.02 1.83 6.88 0.02 0.15 Southeast Asia 5/ 1.10 3.47 17.77 21.23 0.34 0.77 China 0.00 69.30 0.06 68.87 0.48 0.00 2022/23 Proj. World 2/ Feb 14.09 254.38 65.45 250.95 69.41 13.55 Mar 14.26 251.47 64.30 248.88 68.18 12.96 World Less China Feb 14.09 179.93 65.40 176.86 69.01 13.55 Mar 14.26 178.61 64.25 176.36 67.78 12.96 United States Feb 0.28 47.75 0.54 35.83 12.43 0.32 Mar 0.28 47.66 0.54 35.74 12.43 0.32 Total Foreign Feb 13.80 206.63 64.90 215.12 56.98 13.23 Mar 13.97 203.81 63.75 213.13 55.76 12.65 Major Exporters 3/ Feb 6.60 77.73 0.12 29.87 48.40 6.18 Mar 6.60 76.13 0.12 29.90 47.20 5.75 Argentina Feb 2.80 29.09 0.00 3.35 26.20 2.34 Mar 2.80 27.50 0.00 3.33 24.90 2.07 Brazil Feb 3.40 40.88 0.02 19.85 21.00 3.44 Mar 3.40 40.88 0.02 19.85 21.10 3.34 India Feb 0.41 7.76 0.10 6.67 1.20 0.40 Mar 0.41 7.76 0.10 6.73 1.20 0.34 Major Importers 4/ Feb 1.67 22.38 38.40 59.72 1.09 1.64 Mar 1.77 22.38 38.10 59.47 1.09 1.68 European Union Feb 0.64 11.57 16.70 27.64 0.78 0.50 Mar 0.74 11.57 16.40 27.39 0.78 0.55 Mexico Feb 0.15 5.14 1.85 6.95 0.01 0.18 Mar 0.15 5.14 1.85 6.95 0.01 0.18 Southeast Asia 5/ Feb 0.77 3.79 18.00 21.44 0.31 0.82 Mar 0.77 3.79 18.00 21.44 0.31 0.81 China Feb 0.00 74.45 0.05 74.10 0.40 0.00 Mar 0.00 72.86 0.05 72.51 0.40 0.00 ================================================================================ WASDE - 634 - 30 March 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 ================================================================================ 2020/21 World 2/ 5.27 59.33 11.71 58.43 12.61 5.27 World Less China 4.49 42.66 10.47 40.83 12.57 4.23 United States 0.84 11.35 0.14 10.58 0.79 0.97 Total Foreign 4.43 47.98 11.57 47.85 11.83 4.30 Major Exporters 3/ 1.51 20.55 0.74 12.49 9.02 1.28 Argentina 0.55 7.93 0.00 2.04 6.14 0.30 Brazil 0.48 8.99 0.25 7.95 1.26 0.50 European Union 0.44 3.00 0.49 2.43 1.06 0.44 Major Importers 4/ 1.50 19.96 6.77 26.36 0.21 1.67 China 0.78 16.67 1.23 17.60 0.04 1.03 India 0.18 1.80 3.25 4.95 0.01 0.26 North Africa 5/ 0.43 0.99 1.63 2.60 0.13 0.33 2021/22 Est. World 2/ 5.27 59.04 11.46 59.21 12.13 4.43 World Less China 4.23 43.36 11.17 42.56 12.02 4.19 United States 0.97 11.86 0.14 11.26 0.80 0.90 Total Foreign 4.30 47.18 11.32 47.95 11.33 3.52 Major Exporters 3/ 1.28 20.68 0.59 12.59 8.62 1.35 Argentina 0.30 7.66 0.09 2.66 4.87 0.52 Brazil 0.50 9.67 0.03 7.45 2.41 0.35 European Union 0.44 2.93 0.46 2.41 0.97 0.46 Major Importers 4/ 1.67 18.89 6.57 26.13 0.28 0.72 China 1.03 15.68 0.29 16.65 0.11 0.24 India 0.26 1.53 4.23 5.83 0.02 0.18 North Africa 5/ 0.33 1.22 1.41 2.55 0.13 0.26 2022/23 Proj. World 2/ Feb 4.47 60.91 11.23 59.86 12.10 4.65 Mar 4.43 60.21 10.94 59.35 11.82 4.40 World Less China Feb 4.23 44.07 10.23 42.41 12.01 4.11 Mar 4.19 43.72 9.94 42.25 11.73 3.87 United States Feb 0.90 11.91 0.14 11.75 0.32 0.88 Mar 0.90 11.88 0.14 11.82 0.23 0.88 Total Foreign Feb 3.56 49.01 11.10 48.11 11.78 3.78 Mar 3.52 48.33 10.81 47.54 11.60 3.52 Major Exporters 3/ Feb 1.38 20.97 0.58 12.64 9.02 1.28 Mar 1.35 20.57 0.53 12.59 8.76 1.09 Argentina Feb 0.52 7.37 0.00 2.34 5.10 0.45 Mar 0.52 6.97 0.00 2.34 4.75 0.40 Brazil Feb 0.35 10.16 0.08 7.90 2.25 0.44 Mar 0.35 10.16 0.08 7.90 2.35 0.34 European Union Feb 0.46 2.78 0.50 2.33 1.08 0.33 Mar 0.46 2.78 0.45 2.28 1.08 0.33 Major Importers 4/ Feb 0.72 20.31 6.40 26.24 0.21 0.98 Mar 0.72 19.95 6.30 25.76 0.21 1.00 China Feb 0.24 16.85 1.00 17.45 0.09 0.55 Mar 0.24 16.49 1.00 17.10 0.09 0.54 India Feb 0.18 1.75 3.15 4.94 0.02 0.13 Mar 0.18 1.75 3.15 4.94 0.02 0.13 North Africa 5/ Feb 0.26 1.19 1.55 2.62 0.11 0.28 Mar 0.26 1.19 1.55 2.62 0.11 0.28 ================================================================================ WASDE - 634 - 31 March 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 2021 Annual 27948 27675 55815 44899 5558 50995 106810 9298 226.3 2022 I 7022 6904 13972 11170 1374 12678 26650 2319 56.3 II 7069 6639 13755 11279 1275 12697 26452 2218 57.8 III 7147 6533 13725 11896 1264 13312 27037 2259 56.4 IV 7053 6919 14018 11861 1310 13310 27328 2277 55.9 Feb Est. 28290 26995 55470 46201 5222 51993 107462 9009 226.6 Mar Est. 28290 26994 55469 46206 5222 51997 107467 9074 226.5 2023 I* 6845 7000 13890 11400 1360 12895 26785 2220 57.0 II* 6635 6545 13227 11550 1380 13070 26297 2305 58.3 III* 6645 6650 13341 12000 1420 13565 26906 2375 56.8 IV* 6540 7215 13802 11800 1425 13355 27157 2430 56.4 FebProj. 26495 27435 54114 46700 5560 52790 106904 9385 228.3 MarProj. 26665 27410 54259 46750 5585 52885 107144 9330 228.5 ================================================================================ U.S. Quarterly Prices for Animal Products ================================================================================ Year Barrows and Streers and gilts Broilers Turkeys Eggs Milk quarter 2/ 3/ 4/ 5/ 6/ 7/ ================================================================================ Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2021 Annual 122.40 67.29 101.2 122.8 118.5 18.53 2022 I 139.25 65.55 135.1 131.4 170.8 24.93 II 141.93 75.58 167.5 143.9 251.6 27.10 III 143.42 80.20 136.1 165.4 295.6 24.80 IV 152.99 63.49 123.5 177.5 411.7 25.40 Feb Est. 144.40 71.21 140.5 154.5 282.4 25.56 Mar Est. 144.40 71.21 140.5 154.5 282.4 25.56 2023 I* 161.00 56.00 123.0 171.0 308.0 21.90 II* 163.00 70.00 127.0 162.0 200.0 19.95 III* 159.00 73.00 128.0 155.0 165.0 19.30 IV* 164.00 64.00 129.0 160.0 175.0 20.60 FebProj. 159.0 66.5 126.5 162.0 207.0 20.70 MarProj. 162.0 66.0 127.0 162.0 212.0 20.45 ================================================================================ WASDE - 634 - 32 March 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 2021 716 28016 3346 32078 3441 676 27962 58.9 2022 Est. Feb 676 28358 3391 32425 3536 723 28165 59.1 Mar 676 28358 3391 32425 3536 723 28165 59.1 2023 Proj. Feb 723 26563 3425 30711 3090 640 26981 56.3 Mar 723 26733 3425 30881 3090 640 27151 56.7 Pork 2021 467 27690 1180 29337 7026 446 21865 51.1 2022 Est. Feb 446 27009 1344 28799 6338 506 21955 51.1 Mar 446 27009 1344 28799 6338 504 21957 51.1 2023 Proj. Feb 506 27450 1005 28961 6350 515 22096 51.1 Mar 504 27425 1005 28934 6350 535 22049 51.0 TotalRed Meat5/ 2021 1217 55906 4890 62014 10470 1147 50397 111.5 2022 Est. Feb 1147 55561 5093 61801 9880 1257 50665 111.6 Mar 1147 55561 5093 61801 9880 1256 50666 111.6 2023 Proj. Feb 1257 54206 4797 60260 9446 1181 49633 108.9 Mar 1256 54350 4797 60403 9446 1201 49757 109.2 Broiler 2021 830 44419 155 45403 7355 705 37343 96.5 2022 Est. Feb 705 45707 176 46588 7278 892 38418 98.9 Mar 705 45711 176 46593 7278 892 38423 98.9 2023 Proj. Feb 892 46200 160 47253 7315 840 39098 100.2 Mar 892 46250 160 47302 7315 860 39127 100.2 Turkey 2021 223 5558 22 5804 548 166 5090 15.3 2022 Est. Feb 166 5222 85 5473 408 190 4876 14.6 Mar 166 5222 85 5473 408 190 4876 14.6 2023 Proj. Feb 190 5560 120 5870 370 185 5315 15.9 Mar 190 5585 120 5895 360 200 5335 15.9 Total Poultry6/ 2021 1057 50514 180 51751 7947 874 42930 113.3 2022 Est. Feb 874 51498 268 52641 7715 1087 43838 115.2 Mar 874 51502 268 52645 7715 1087 43843 115.2 2023 Proj. Feb 1087 52290 286 53663 7701 1030 44932 117.6 Mar 1087 52384 286 53758 7691 1065 45002 117.8 RedMeat& Poultry 2021 2274 106420 5070 113765 18418 2021 93327 224.8 2022 Est. Feb 2021 107059 5361 114442 17595 2344 94503 226.8 Mar 2021 107064 5362 114446 17595 2343 94509 226.8 2023 Proj. Feb 2344 106496 5083 113923 17147 2211 94566 226.5 Mar 2343 106735 5083 114161 17137 2266 94758 226.9 ================================================================================ WASDE - 634 - 33 March 2023 U.S. Egg Supply and Use ================================================================================ 2020 2021 2022 Est. 2022 Est. 2023Proj. 2023Proj. Commodity Feb Mar Feb Mar ================================================================================ Million Dozen Eggs Supply BeginningStocks 31.6 24.5 19.1 19.1 18.8 18.8 Production 9295.5 9297.9 9009.1 9073.8 9385.0 9330.0 Imports 15.5 18.2 25.9 25.9 26.0 26.0 Total Supply 9342.6 9340.6 9054.1 9118.8 9429.8 9374.8 Use Exports 344.0 392.2 226.5 226.5 240.0 240.0 Hatching Use 1078.4 1103.9 1118.0 1117.9 1140.0 1125.0 Ending Stocks 24.5 19.1 18.8 18.8 20.0 21.0 Disappearance Total 7895.6 7825.4 7690.9 7755.7 8029.8 7988.8 Per Capita (number) 285.6 282.5 276.6 279.0 287.4 285.9 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2020 2021 2022 Est. 2022 Est. 2023Proj. 2023Proj. Commodity Feb Mar Feb Mar ================================================================================ Billion Pounds Milk Production 223.3 226.3 226.6 226.5 228.3 228.5 Farm Use 1.1 1.0 1.1 1.1 1.1 1.1 FatBasisSupply BeginningStocks 13.6 15.6 14.3 14.3 14.4 14.4 Marketings 222.2 225.3 225.6 225.4 227.3 227.5 Imports 6.8 6.5 7.1 7.1 7.3 7.4 Total Supply 242.6 247.4 247.0 246.8 248.9 249.2 FatBasisUse Exports 9.3 11.5 13.4 13.4 13.1 13.0 Ending Stocks 15.6 14.3 14.4 14.4 14.6 14.6 Domestic Use 217.8 221.5 219.2 219.0 221.2 221.6 Skim-solidBasisSupply BeginningStocks 10.2 10.9 11.1 11.1 11.8 11.7 Marketings 222.2 225.3 225.6 225.4 227.3 227.5 Imports 5.6 5.8 6.7 6.7 6.4 6.5 Total Supply 238.0 241.9 243.3 243.2 245.4 245.6 Skim-solidBasisUse Exports 47.2 50.8 52.5 52.5 52.1 51.9 Ending Stocks 10.9 11.1 11.8 11.7 12.3 12.2 Domestic Use 179.9 180.1 179.0 179.0 181.1 181.5 ================================================================================ WASDE - 634 - 34 March 2023 U.S. Dairy Prices ================================================================================ Commod- 2020 2021 2022 Est. 2022 Est. 2023 Proj. 2023 Proj. ity Feb Mar Feb Mar ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.9236 1.6755 2.1122 2.1122 1.860 1.810 Butter 1.5808 1.7325 2.8665 2.8665 2.330 2.335 Nonfat Dry Milk 1.0417 1.2693 1.6851 1.6851 1.225 1.230 Dry Whey 0.3621 0.5744 0.6035 0.6035 0.365 0.390 Milk Prices 2/ Dollars Per Cwt ClassIII 18.16 17.08 21.94 21.94 17.90 17.55 Class IV 13.49 16.09 24.47 24.47 18.25 18.30 All Milk 3/ 18.13 18.53 25.56 25.56 20.70 20.45 ================================================================================ WASDE - 634 - 35 March 2023 Reliability of March Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons WHEAT Production World 0.5 0.9 2.4 0.0 8.0 30 11 U.S. 0.2 0.3 0.1 0.0 0.3 19 11 Foreign 0.6 1.0 2.3 0.1 8.0 30 11 Exports World 4.2 7.1 4.3 0.0 17.0 33 8 U.S. 3.1 5.2 0.8 0.0 2.4 22 18 Foreign 5.1 8.6 4.2 0.1 16.0 31 10 Domestic Use World 0.9 1.5 4.5 0.2 12.2 18 23 U.S. 3.7 6.3 0.9 0.0 2.4 14 27 Foreign 0.9 1.6 4.2 0.1 11.5 23 18 Ending Stocks World 4.1 7.0 5.8 0.2 14.1 28 13 U.S. 8.0 13.4 1.1 0.0 4.5 26 15 Foreign 4.4 7.4 5.1 0.0 13.5 27 13 COARSE GRAINS 2/ Production World 1.2 2.0 10.6 0.5 35.1 34 7 U.S. 0.2 0.3 0.2 0.0 1.8 17 10 Foreign 1.7 2.8 10.7 0.5 35.1 34 7 Exports World 5.1 8.6 5.3 0.0 24.2 28 13 U.S. 8.2 13.8 3.4 0.0 9.1 20 21 Foreign 8.2 13.9 5.1 0.1 21.5 27 14 Domestic Use World 1.0 1.6 7.2 0.1 24.2 23 18 U.S. 2.8 4.8 4.0 0.2 17.3 15 26 Foreign 1.1 1.9 7.1 0.4 24.6 27 14 Ending Stocks World 10.2 17.1 13.7 0.6 143.8 36 5 U.S. 13.3 22.4 4.6 0.1 15.3 23 18 Foreign 12.5 21.0 11.5 0.5 142.1 37 4 RICE, milled Production World 1.3 2.2 3.5 0.2 13.8 30 11 U.S. 1.2 2.1 0.0 0.0 0.2 11 6 Foreign 1.3 2.2 3.5 0.1 13.8 30 11 Exports World 8.0 13.5 1.6 0.1 5.3 32 9 U.S. 7.0 11.8 0.2 0.0 0.5 19 19 Foreign 8.9 15.1 1.6 0.1 4.9 31 10 Domestic Use World 1.2 1.9 3.4 0.2 13.9 27 14 U.S. 7.0 11.8 0.2 0.0 0.5 17 23 Foreign 1.2 2.0 3.3 0.2 13.5 27 14 Ending Stocks World 8.4 14.2 5.0 0.5 25.8 28 13 U.S. 18.3 30.9 0.2 0.0 0.4 22 17 Foreign 8.7 14.7 5.0 0.3 25.7 28 13 ================================================================================ WASDE - 634 - 36 March 2023 Reliability of March Projections (Continued) 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Metric Tons SOYBEANS Production World 2.2 3.7 3.4 0.1 12.4 22 19 U.S. 1.4 2.3 0.7 0.0 3.2 18 16 Foreign 3.6 6.1 3.3 0.1 12.6 23 18 Exports World 5.5 9.3 3.0 0.0 12.8 26 14 U.S. 6.4 10.8 1.7 0.1 6.7 29 12 Foreign 14.2 23.9 2.8 0.1 16.8 19 22 Domestic Use World 2.0 3.4 3.0 0.0 11.4 20 21 U.S. 2.9 4.9 1.1 0.0 3.0 26 14 Foreign 2.4 4.0 2.5 0.1 12.8 19 22 Ending Stocks World 13.0 21.8 4.1 0.1 16.4 22 19 U.S. 39.5 66.6 2.0 0.1 7.2 12 29 Foreign 13.9 23.4 3.7 0.1 17.1 28 13 COTTON Production World 1.8 3.1 1.4 0.0 5.2 24 15 U.S. 0.9 1.6 0.1 0.0 0.3 14 26 Foreign 2.2 3.7 1.4 0.0 5.3 24 16 Exports World 5.2 8.8 1.4 0.0 6.5 22 18 U.S. 6.4 10.8 0.5 0.0 1.7 18 22 Foreign 6.7 11.2 1.2 0.0 5.8 24 17 Domestic Use World 3.3 5.6 2.0 0.0 16.1 20 21 U.S. 7.2 12.2 0.2 0.0 0.9 20 18 Foreign 4.1 6.9 2.2 0.1 15.3 21 20 Ending Stocks World 8.7 14.7 3.5 0.2 16.2 25 16 U.S. 17.9 30.1 0.6 0.0 2.2 15 26 Foreign 9.3 15.7 3.3 0.0 14.0 27 14 ================================================================================ WASDE - 634 - 37 March 2023 Reliability of United States March Projections 1/ ================================================================================ Differences between forecast and final estimate 90 percent Years Commodity and Root mean Confidence Below Above Region square error interval Average Smallest Largest Final Final ================================================================================ Million Bushels CORN Production 0.2 0.3 6 0 72 1 5 Exports 8.3 14.1 120 13 310 19 22 Domestic Use 2.7 4.6 137 9 474 16 25 Ending Stocks 14.9 25.1 177 3 713 24 17 SORGHUM Production 0.1 0.2 0 0 4 0 2 Exports 14.2 23.9 25 0 90 25 14 Domestic Use 15.2 25.7 30 1 178 17 24 Ending Stocks 40.9 68.9 23 1 148 16 25 BARLEY Production 1.0 1.6 1 0 11 20 4 Exports 18.5 31.1 5 0 20 14 23 Domestic Use 7.1 11.9 14 0 70 18 21 Ending Stocks 14.7 24.7 14 1 53 25 16 OATS Production 0.4 0.7 0 0 2 5 4 Exports 33.7 56.7 1 0 3 7 6 Domestic Use 5.2 8.8 10 0 36 15 25 Ending Stocks 16.8 28.2 11 0 47 24 16 Thousand Short Tons SOYBEAN MEAL Production 2.9 4.9 902 79 2917 29 12 Exports 8.7 14.6 599 1 2426 32 9 Domestic Use 2.5 4.1 573 41 2066 28 13 Ending Stocks 34.2 57.5 66 0 253 16 23 Million Pounds SOYBEAN OIL Production 2.8 4.8 415 7 1173 29 12 Exports 20.0 33.7 276 0 877 25 15 Domestic Use 2.4 4.0 311 9 760 25 16 Ending Stocks 17.6 29.6 254 17 721 24 17 ANIMAL PROD. 3/ Million Pounds Beef 2.6 4.4 537 77 1613 25 15 Pork 2.8 4.8 368 5 1667 23 17 Broilers 1.6 2.7 373 16 1501 23 17 Turkeys 3.1 5.2 125 3 447 18 22 Million Dozen Eggs 1.9 3.2 100 3 534 23 17 Billion Pounds Milk 1.3 2.2 1.6 0.1 5.2 23 17 ================================================================================