USDA World Grain S&Ds 05/12
05/12/2026 | 10:59 am CDT USDA World Grain S&Ds 05/12
USDA World Grain S&Ds 05/12
WASDE - 671 - 8 May 2026
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/
2024/25 2854.44 3649.43 499.50 2876.56 772.87
2025/26 (Est.) 2993.48 3766.35 544.74 2961.99 804.36
2026/27 (Proj.)
Apr NA NA NA NA NA
May 2945.53 3749.89 523.69 2972.93 776.96
Wheat
2024/25 799.31 1069.16 210.47 810.27 258.89
2025/26 (Est.) 843.84 1102.73 223.68 823.52 279.21
2026/27 (Proj.)
Apr NA NA NA NA NA
May 819.06 1098.27 211.70 823.23 275.04
Coarse Grains 5/
2024/25 1513.11 1858.56 227.52 1535.63 322.93
2025/26 (Est.) 1606.82 1929.75 260.78 1600.90 328.84
2026/27 (Proj.)
Apr NA NA NA NA NA
May 1588.65 1917.49 248.98 1608.31 309.18
Rice, milled
2024/25 542.02 721.71 61.52 530.66 191.05
2025/26 (Est.) 542.82 733.87 60.28 537.56 196.31
2026/27 (Proj.)
Apr NA NA NA NA NA
May 537.82 734.12 63.01 541.39 192.74
United States
Total Grains 4/
2024/25 452.42 528.32 100.66 360.32 67.34
2025/26 (Est.) 508.41 582.72 117.12 381.26 84.34
2026/27 (Proj.)
Apr NA NA NA NA NA
May 467.99 559.85 109.05 376.29 74.50
Wheat
2024/25 53.85 76.86 22.48 31.12 23.26
2025/26 (Est.) 54.01 80.67 24.77 30.47 25.44
2026/27 (Proj.)
Apr NA NA NA NA NA
May 42.49 71.74 21.09 29.91 20.74
Coarse Grains 5/
2024/25 391.51 441.58 75.31 323.90 42.37
2025/26 (Est.) 447.83 492.38 89.78 345.42 57.18
2026/27 (Proj.)
Apr NA NA NA NA NA
May 419.94 479.37 85.45 341.49 52.43
Rice, milled
2024/25 7.05 9.88 2.87 5.30 1.71
2025/26 (Est.) 6.56 9.66 2.57 5.37 1.72
2026/27 (Proj.)
Apr NA NA NA NA NA
May 5.56 8.74 2.51 4.89 1.34
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WASDE - 671 - 9 May 2026
World and U.S. Supply and Use for Grains, Continued 1/
Million Metric Tons
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Total Total Ending
Commodity Output Supply Trade 2/ Use Stocks
================================================================================
Foreign 3/
Total Grains 4/
2024/25 2402.02 3121.10 398.84 2516.24 705.53
2025/26 (Est.) 2485.08 3183.63 427.62 2580.73 720.02
2026/27 (Proj.)
Apr NA NA NA NA NA
May 2477.54 3190.04 414.64 2596.63 702.46
Wheat
2024/25 745.46 992.30 187.99 779.15 235.63
2025/26 (Est.) 789.83 1022.06 198.91 793.05 253.78
2026/27 (Proj.)
Apr NA NA NA NA NA
May 776.57 1026.54 190.61 793.32 254.31
Coarse Grains 5/
2024/25 1121.59 1416.98 152.21 1211.73 280.56
2025/26 (Est.) 1158.99 1437.37 171.00 1255.49 271.67
2026/27 (Proj.)
Apr NA NA NA NA NA
May 1168.71 1438.12 163.53 1266.82 256.76
Rice, milled
2024/25 534.97 711.82 58.64 525.36 189.34
2025/26 (Est.) 536.26 724.21 57.71 532.20 194.58
2026/27 (Proj.)
Apr NA NA NA NA NA
May 532.26 725.38 60.50 536.50 191.39
================================================================================
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
2024/25 119.34 192.79 42.43 119.11 74.52
2025/26 (Est.) 122.64 197.16 43.78 120.13 77.27
2026/27 (Proj.)
Apr NA NA NA NA NA
May 116.04 193.31 43.34 121.69 71.84
United States
2024/25 14.41 17.56 11.90 1.70 4.00
2025/26 (Est.) 13.90 17.90 12.00 1.60 4.40
2026/27 (Proj.)
Apr NA NA NA NA NA
May 13.30 17.71 12.30 1.60 3.90
Foreign 4/
2024/25 104.93 175.23 30.53 117.41 70.52
2025/26 (Est.) 108.74 179.25 31.78 118.53 72.87
2026/27 (Proj.)
Apr NA NA NA NA NA
May 102.74 175.60 31.04 120.09 67.94
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WASDE - 671 - 10 May 2026
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
2024/25 686.65 822.78 213.17 568.84 144.32
2025/26 (Est.) 698.51 842.85 214.31 585.48 146.07
2026/27 (Proj.)
Apr NA NA NA NA NA
May 718.10 864.10 217.01 606.62 146.73
Oilmeals
2024/25 392.48 411.43 114.34 382.22 22.51
2025/26 (Est.) 404.10 426.61 115.85 398.54 23.76
2026/27 (Proj.)
Apr NA NA NA NA NA
May 412.68 436.19 119.01 405.41 24.93
Vegetable Oils
2024/25 230.71 261.47 88.48 223.99 30.07
2025/26 (Est.) 237.31 267.38 88.43 230.65 30.01
2026/27 (Proj.)
Apr NA NA NA NA NA
May 244.07 274.07 91.59 237.56 30.33
United States
Oilseeds
2024/25 128.60 140.69 52.29 70.43 10.23
2025/26 (Est.) 126.17 137.58 42.78 75.39 11.24
2026/27 (Proj.)
Apr NA NA NA NA NA
May 130.38 142.81 45.48 78.86 10.34
Oilmeals
2024/25 55.27 60.70 16.78 43.48 0.45
2025/26 (Est.) 59.11 64.64 18.17 45.98 0.50
2026/27 (Proj.)
Apr NA NA NA NA NA
May 61.11 66.79 19.78 46.52 0.49
Vegetable Oils
2024/25 14.49 21.44 1.28 19.05 1.10
2025/26 (Est.) 15.25 22.41 0.69 20.55 1.17
2026/27 (Proj.)
Apr NA NA NA NA NA
May 16.17 24.78 0.33 23.27 1.18
Foreign 3/
Oilseeds
2024/25 558.06 682.09 160.88 498.41 134.09
2025/26 (Est.) 572.34 705.26 171.52 510.10 134.83
2026/27 (Proj.)
Apr NA NA NA NA NA
May 587.72 721.29 171.53 527.76 136.39
Oilmeals
2024/25 337.21 350.73 97.56 338.74 22.06
2025/26 (Est.) 344.99 361.96 97.68 352.56 23.27
2026/27 (Proj.)
Apr NA NA NA NA NA
May 351.57 369.39 99.22 358.90 24.44
Vegetable Oils
2024/25 216.22 240.03 87.20 204.94 28.96
2025/26 (Est.) 222.06 244.97 87.74 210.10 28.84
2026/27 (Proj.)
Apr NA NA NA NA NA
May 227.90 249.29 91.26 214.28 29.16
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WASDE - 671 - 11 May 2026
U.S. Wheat Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Acres
Area Planted 46.3 45.3 NA 43.8*
Area Harvested 38.6 37.2 NA 32.9*
Bushels
Yield per Harvested Acre 51.2 53.3 NA 47.5*
Million Bushels
Beginning Stocks 696 855 NA 935
Production 1979 1985 NA 1561
Imports 149 125 NA 140
Supply, Total 2824 2964 NA 2636
Food 969 960 NA 960
Seed 61 60 NA 59
Feed and Residual 113 100 NA 80
Domestic, Total 1143 1120 NA 1099
Exports 826 910 NA 775
Use, Total 1969 2030 NA 1874
Ending Stocks 855 935 NA 762
Avg.FarmPrice ($/bu) 2/ 5.52 5.00 NA 6.50
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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
2025/26 (Est.)
Beginning Stocks 402 218 127 80 28 855
Production 804 458 353 283 86 1985
Imports 6 62 4 5 46 123
Supply, Total 3/ 1212 738 484 368 160 2962
Food 384 255 152 83 86 960
Seed 26 14 11 6 3 60
Feed and Residual 30 10 65 -10 5 100
Domestic Use 440 279 228 79 94 1120
Exports 320 235 125 200 30 910
Use, Total 760 514 353 279 124 2030
Ending Stocks, Total
May 453 224 131 89 36 933
Apr 447 232 136 89 34 938
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WASDE - 671 - 12 May 2026
U.S. Feed Grain and Corn Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Acres
FEED GRAINS
Area Planted 101.8 110.1 NA 106.2*
Area Harvested 91.4 100.0 NA 95.4*
Metric Tons
Yield per Harvested Acre 4.28 4.48 NA 4.40
Million Metric Tons
Beginning Stocks 47.9 42.3 NA 57.2
Production 391.1 447.5 NA 419.7
Imports 2.0 2.0 NA 2.1
Supply, Total 441.0 491.9 NA 478.9
Feed and Residual 144.0 161.7 NA 158.2
Food, Seed & Industrial 179.3 183.3 NA 182.8
Domestic, Total 323.3 345.0 NA 341.0
Exports 75.3 89.8 NA 85.4
Use, Total 398.6 434.7 NA 426.5
Ending Stocks 42.3 57.2 NA 52.4
Million Acres
CORN
Area Planted 90.9 98.8 NA 95.3*
Area Harvested 83.0 91.3 NA 87.4*
Bushels
Yield per Harvested Acre 179.3 186.5 NA 183.0*
Million Bushels
Beginning Stocks 1763 1551 NA 2142
Production 14892 17021 NA 15995
Imports 22 25 NA 25
Supply, Total 16677 18597 NA 18162
Feed and Residual 5454 6200 NA 6100
Food,Seed& Industrial 2/ 6814 6955 NA 6955
Ethanol & by-products 3/ 5436 5600 NA 5600
Domestic, Total 12267 13155 NA 13055
Exports 2858 3300 NA 3150
Use, Total 15126 16455 NA 16205
Ending Stocks 1551 2142 NA 1957
Avg.FarmPrice ($/bu) 4/ 4.24 4.15 NA 4.40
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WASDE - 671 - 13 May 2026
U.S. Sorghum, Barley, and Oats Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Bushels
SORGHUM
AreaPlanted (mil. acres) 6.3 6.6 NA 6.1*
AreaHarvested(mil.acres) 5.6 6.0 NA 5.3*
Yield (bushels/acre) 61.3 72.6 NA 69.2*
Beginning Stocks 33 40 NA 37
Production 344 437 NA 367
Imports 0 0 NA 0
Supply, Total 377 477 NA 404
Feed and Residual 140 100 NA 70
Food, Seed & Industrial 98 115 NA 95
Total Domestic 239 215 NA 165
Exports 98 225 NA 205
Use, Total 336 440 NA 370
Ending Stocks 40 37 NA 34
Avg.FarmPrice ($/bu) 2/ 4.07 3.55 NA 4.10
BARLEY
AreaPlanted (mil. acres) 2.4 2.3 NA 2.4*
AreaHarvested(mil.acres) 1.9 1.8 NA 1.9*
Yield (bushels/acre) 76.6 80.0 NA 78.4*
Beginning Stocks 78 69 NA 63
Production 144 141 NA 149
Imports 9 7 NA 8
Supply, Total 232 217 NA 220
Feed and Residual 36 30 NA 30
Food, Seed & Industrial 118 115 NA 115
Total Domestic 154 145 NA 145
Exports 9 9 NA 9
Use, Total 162 154 NA 154
Ending Stocks 69 63 NA 66
Avg.FarmPrice ($/bu) 2/ 6.31 5.45 NA 5.60
OATS
AreaPlanted (mil. acres) 2.2 2.4 NA 2.4*
AreaHarvested(mil.acres) 0.9 0.9 NA 0.8*
Yield (bushels/acre) 76.4 73.8 NA 68.8*
Beginning Stocks 36 28 NA 30
Production 68 70 NA 55
Imports 71 72 NA 72
Supply, Total 176 170 NA 157
Feed and Residual 64 55 NA 45
Food, Seed & Industrial 81 82 NA 83
Total Domestic 145 137 NA 128
Exports 2 3 NA 2
Use, Total 148 140 NA 130
Ending Stocks 28 30 NA 27
Avg.FarmPrice ($/bu) 2/ 3.35 3.25 NA 3.35
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WASDE - 671 - 14 May 2026
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Acres
TOTAL RICE
Area Planted 2.92 2.81 NA 2.32*
Area Harvested 2.87 2.74 NA 2.27*
Pounds
Yield per Harvested Acre 7753 7544 NA 7732*
Million Hundredweight
Beginning Stocks 2/ 39.8 53.9 NA 54.3
Production 222.6 206.7 NA 175.2
Imports 49.3 43.7 NA 45.8
Supply, Total 311.7 304.3 NA 275.3
Domestic & Residual 3/ 167.3 169.0 NA 154.0
Exports, Total 4/ 90.5 81.0 NA 79.0
Rough 28.9 19.0 NA 19.0
Milled (rough equiv.) 61.7 62.0 NA 60.0
Use, Total 257.8 250.0 NA 233.0
Ending Stocks 53.9 54.3 NA 42.3
Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00
Avg.FarmPrice($/cwt) 6/ 15.10 12.10 NA 13.50
LONG GRAIN RICE
Harvested Acres (mil.) 2.26 2.08
Yield (pounds/acre) 7626 7359
Beginning Stocks 19.3 37.3 NA 39.6
Imports 42.7 37.0 NA 39.0
Production 172.0 153.3 NA 122.5
Supply, Total 7/ 234.0 227.6 NA 201.1
Domestic & Residual 3/ 135.8 137.0 NA 123.0
Exports 8/ 60.8 51.0 NA 50.0
Use, Total 196.6 188.0 NA 173.0
Ending Stocks 37.3 39.6 NA 28.1
Avg.FarmPrice($/cwt) 6/ 14.00 10.40 NA 12.00
MEDIUM & SHORT GRAIN RICE
Harvested Acres (mil.) 0.62 0.66
Yield (pounds/acre) 8219 8130
Beginning Stocks 18.9 13.7 NA 11.9
Imports 6.6 6.7 NA 6.8
Production 50.6 53.4 NA 52.7
Supply, Total 7/ 74.9 73.9 NA 71.4
Domestic & Residual 3/ 31.5 32.0 NA 31.0
Exports 8/ 29.7 30.0 NA 29.0
Use, Total 61.2 62.0 NA 60.0
Ending Stocks 13.7 11.9 NA 11.4
Avg. Farm Price ($/cwt) 1/ 6/
9/ 18.50 18.50 NA 17.90
California 10/ 18.70 20.30 NA 20.00
Other States 1/ 15.00 14.70 NA 13.50
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WASDE - 671 - 15 May 2026
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Acres
SOYBEANS
Area Planted 87.3 81.2 NA 84.7*
Area Harvested 86.2 80.4 NA 83.7*
Bushels
Yield per Harvested Acre 50.7 53.0 NA 53.0*
Million Bushels
Beginning Stocks 342 325 NA 340
Production 4374 4262 NA 4435
Imports 29 25 NA 25
Supply, Total 4746 4612 NA 4800
Crushings 2445 2630 NA 2750
Exports 1882 1530 NA 1630
Seed 70 73 NA 72
Residual 23 39 NA 38
Use, Total 4421 4272 NA 4490
Ending Stocks 325 340 NA 310
Avg.FarmPrice ($/bu) 2/ 10.00 10.40 NA 11.40
Million Pounds
SOYBEAN OIL
Beginning Stocks 1551 1747 NA 1857
Production 4/ 29218 30675 NA 32590
Imports 362 315 NA 600
Supply, Total 31131 32737 NA 35047
Domestic Disappearance 26891 29680 NA 32750
Biofuel 3/ 11758 14200 NA 17800
Food, Feed & other
Industrial 15133 15480 NA 14950
Exports 2492 1200 NA 400
Use, Total 29384 30880 NA 33150
Ending stocks 1747 1857 NA 1897
Avg. Price (c/lb) 2/ 47.59 63.00 NA 70.00
Thousand Short Tons
SOYBEAN MEAL
Beginning Stocks 453 398 NA 450
Production 4/ 58443 62627 NA 65025
Imports 807 800 NA 800
Supply, Total 59704 63825 NA 66275
Domestic Disappearance 41041 43575 NA 44125
Exports 18265 19800 NA 21700
Use, Total 59305 63375 NA 65825
Ending Stocks 398 450 NA 450
Avg. Price ($/s.t.) 2/ 299.77 315.00 NA 310.00
================================================================================
WASDE - 671 - 16 May 2026
U.S. Sugar Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2025/26 Est. 2026/27 Proj.
Item Apr May May
================================================================================
1000 Short Tons, Raw Value
Beginning Stocks 2220 2490 2490 1992
Production 2/ 9397 9268 9239 8810
Beet Sugar 5370 5060 5021 4722
Cane Sugar 4027 4207 4218 4088
Florida 1932 1976 1987 1942
Louisiana 2095 2232 2232 2146
Texas 0 0 0 0
Imports 3393 2512 2653 3260
TRQ 3/ 1534 1316 1316 1422
Other Program 4/ 373 300 300 300
Non-program 1485 896 1037 1538
Mexico 504 220 220 1046
High-tier tariff/other 980 676 817 492
Total Supply 15009 14269 14381 14062
Exports 111 25 25 25
Deliveries 12450 12364 12364 12364
Food 12340 12259 12259 12259
Other 5/ 111 105 105 105
Miscellaneous -41 0 0 0
Total Use 12520 12389 12389 12389
Ending Stocks 2490 1880 1992 1673
Stocks to Use Ratio 19.9 15.2 16.1 13.5
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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
2025/26 Est.
Apr 1123 5125 52 4297 935 1068
May 1123 5179 52 4297 989 1068
2026/27 Proj.
Apr NA NA NA NA NA NA
May 1068 5142 28 4226 895 1117
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WASDE - 671 - 17 May 2026
U.S. Cotton Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Apr May
================================================================================
Million Acres
Planted 11.18 9.28 NA 9.64**
Harvested 7.76 7.83 NA 7.38**
Pounds
Yield per Harvested
Acre 892 852 NA 866**
Million 480 Pound Bales
Beginning Stocks 3.15 4.00 NA 4.40
Production 14.41 13.90 NA 13.30
Imports 0.00 0.01 NA 0.01
Supply, Total 17.56 17.90 NA 17.71
Domestic Use 1.70 1.60 NA 1.60
Exports, Total 11.90 12.00 NA 12.30
Use, Total 13.60 13.60 NA 13.90
Unaccounted 2/ -0.04 -0.10 NA -0.10
Ending Stocks 4.00 4.40 NA 3.90
Avg. Farm Price 3/ 63.2 63.0 NA 73.0
================================================================================
WASDE - 671 - 18 May 2026
World Wheat Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2024/25
World 3/ 269.86 799.31 201.21 157.50 810.27 210.47 258.89
World Less China 135.33 659.21 197.04 124.50 660.27 209.45 131.11
United States 18.95 53.85 4.05 3.07 31.12 22.48 23.26
Total Foreign 250.90 745.46 197.16 154.43 779.15 187.99 235.63
Major Exporters 4/ 41.36 314.61 11.93 73.96 181.56 152.99 33.35
Argentina 4.54 18.51 0.01 0.25 7.15 13.31 2.60
Australia 2.41 34.11 0.22 5.60 9.10 23.65 3.99
Canada 5.29 35.94 0.61 3.01 8.31 29.35 4.18
European Union 5/ 15.92 121.06 10.72 44.50 108.50 27.92 11.27
Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59
Ukraine 1.51 23.40 0.07 3.60 8.50 15.75 0.73
Major Importers 6/ 177.35 211.37 121.07 51.70 327.50 16.27 166.01
Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78
Brazil 1.69 7.89 7.20 0.70 12.20 1.89 2.69
China 134.52 140.10 4.17 33.00 150.00 1.02 127.78
Japan 1.09 1.07 5.57 0.73 6.28 0.34 1.12
N. Africa 7/ 11.54 15.84 31.68 1.35 46.15 2.51 10.39
Nigeria 0.45 0.13 6.31 0.00 5.90 0.38 0.60
Sel. Mideast 8/ 12.47 23.56 17.65 2.99 40.18 0.68 12.81
Southeast Asia 9/ 4.56 0.00 29.17 9.40 28.26 1.45 4.03
Selected Other
India 7.50 113.29 0.16 6.00 108.96 0.19 11.80
Kazakhstan 3.45 18.58 0.50 3.90 9.00 10.19 3.33
United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69
2025/26 Est.
World 3/ 258.89 843.84 218.34 168.09 823.52 223.68 279.21
World Less China 131.11 703.77 212.34 135.09 673.52 222.68 156.37
United States 23.26 54.01 3.40 2.72 30.47 24.77 25.44
Total Foreign 235.63 789.83 214.94 165.37 793.05 198.91 253.78
Major Exporters 4/ 33.35 363.38 7.74 83.10 191.85 163.50 49.13
Argentina 2.60 27.92 0.01 0.80 7.90 18.50 4.13
Australia 3.99 36.00 0.23 5.50 9.10 26.00 5.12
Canada 4.18 39.96 0.60 3.50 8.85 30.00 5.88
European Union 5/ 11.27 145.11 6.50 51.00 115.50 30.50 16.88
Russia 10.59 90.30 0.30 18.50 41.70 46.00 13.49
Ukraine 0.73 24.10 0.10 3.80 8.80 12.50 3.63
Major Importers 6/ 166.01 205.53 138.25 53.07 333.19 15.49 161.12
Bangladesh 0.78 1.05 7.80 0.30 8.00 0.00 1.63
Brazil 2.69 7.87 6.60 0.75 12.35 2.10 2.71
China 127.78 140.07 6.00 33.00 150.00 1.00 122.85
Japan 1.12 1.06 5.75 0.78 6.38 0.34 1.22
N. Africa 7/ 10.39 17.42 33.00 1.35 47.50 2.15 11.16
Nigeria 0.60 0.13 6.00 0.00 6.00 0.40 0.33
Sel. Mideast 8/ 12.81 19.35 20.95 2.89 40.66 0.83 11.63
Southeast Asia 9/ 4.03 0.00 34.15 11.35 31.55 1.44 5.19
Selected Other
India 11.80 117.95 0.20 6.00 107.70 0.25 22.00
Kazakhstan 3.33 19.33 0.80 4.00 9.15 11.50 2.80
United Kingdom 2.69 12.30 3.50 7.50 15.30 0.50 2.69
================================================================================
WASDE - 671 - 19 May 2026
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
================================================================================
2026/27 Proj.
World 3/
Apr NA NA NA NA NA NA NA
May 279.21 819.06 207.31 160.92 823.23 211.70 275.04
World Less China
Apr NA NA NA NA NA NA NA
May 156.37 678.06 201.31 129.92 675.23 210.70 154.20
United States
Apr NA NA NA NA NA NA NA
May 25.44 42.49 3.81 2.18 29.91 21.09 20.74
Total Foreign
Apr NA NA NA NA NA NA NA
May 253.78 776.57 203.50 158.75 793.32 190.61 254.31
Major Exporters 4/
Apr NA NA NA NA NA NA NA
May 49.13 331.00 7.75 78.95 188.10 156.50 43.27
Argentina
Apr NA NA NA NA NA NA NA
May 4.13 21.00 0.01 0.25 7.45 14.50 3.19
Australia
Apr NA NA NA NA NA NA NA
May 5.12 30.00 0.24 5.00 8.65 23.00 3.71
Canada
Apr NA NA NA NA NA NA NA
May 5.88 35.00 0.60 3.50 8.85 28.00 4.63
European Union 5/
Apr NA NA NA NA NA NA NA
May 16.88 136.00 6.50 49.00 113.75 31.00 14.63
Russia
Apr NA NA NA NA NA NA NA
May 13.49 86.00 0.30 17.00 40.20 47.00 12.59
Ukraine
Apr NA NA NA NA NA NA NA
May 3.63 23.00 0.10 4.20 9.20 13.00 4.53
Major Importers 6/
Apr NA NA NA NA NA NA NA
May 161.12 219.60 129.73 50.93 333.60 15.20 161.65
Bangladesh
Apr NA NA NA NA NA NA NA
May 1.63 1.05 7.70 0.31 8.71 0.00 1.67
Brazil
Apr NA NA NA NA NA NA NA
May 2.71 6.70 7.20 0.80 12.50 2.00 2.11
China
Apr NA NA NA NA NA NA NA
May 122.85 141.00 6.00 31.00 148.00 1.00 120.85
Japan
Apr NA NA NA NA NA NA NA
May 1.22 1.13 5.55 0.75 6.35 0.34 1.21
N. Africa 7/
Apr NA NA NA NA NA NA NA
May 11.16 23.10 29.00 1.68 48.68 2.45 12.14
Nigeria
Apr NA NA NA NA NA NA NA
May 0.33 0.14 6.50 0.00 6.10 0.40 0.47
Sel. Mideast 8/
Apr NA NA NA NA NA NA NA
May 11.63 23.24 19.58 2.95 41.42 0.68 12.35
Southeast Asia 9/
Apr NA NA NA NA NA NA NA
May 5.19 0.00 31.60 10.25 30.75 1.44 4.60
India
Apr NA NA NA NA NA NA NA
May 22.00 121.00 0.10 7.50 111.10 2.00 30.00
Kazakhstan
Apr NA NA NA NA NA NA NA
May 2.80 15.00 0.70 2.50 7.68 9.00 1.83
United Kingdom
Apr NA NA NA NA NA NA NA
May 2.69 13.50 2.50 7.50 15.50 0.60 2.59
================================================================================
WASDE - 671 - 20 May 2026
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
================================================================================
2024/25
World 3/ 345.45 1513.11 225.73 943.26 1535.63 227.52 322.93
World Less China 131.99 1209.64 207.49 693.51 1193.56 227.52 129.84
United States 47.87 391.51 2.19 144.12 323.90 75.31 42.37
Total Foreign 297.58 1121.59 223.54 799.14 1211.73 152.21 280.56
Major Exporters 4/ 21.41 332.34 5.09 141.43 204.82 125.57 28.45
Argentina 3.60 57.46 0.01 15.07 21.28 33.79 5.99
Australia 1.83 17.70 0.00 4.80 6.67 11.37 1.48
Brazil 8.09 143.59 2.83 71.00 99.93 42.37 12.21
Canada 3.91 27.52 1.87 14.85 22.92 6.90 3.48
Russia 1.71 34.78 0.10 20.43 28.40 6.77 1.41
Ukraine 1.27 33.47 0.02 8.23 11.06 22.35 1.35
Major Importers 5/ 38.48 228.40 155.15 286.27 375.76 11.29 34.98
European Union 6/ 15.22 137.22 20.17 110.25 149.94 9.16 13.51
Japan 1.45 0.20 16.72 13.16 16.85 0.00 1.52
Mexico 6.28 28.27 27.06 32.55 55.48 0.03 6.11
N. Afr & Mideast 7/ 8.35 30.98 45.50 67.40 76.30 1.56 6.96
Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41
Southeast Asia 8/ 3.18 31.18 21.27 40.87 52.22 0.54 2.87
South Korea 2.06 0.16 11.56 9.30 11.64 0.00 2.15
Selected Other
China 213.46 303.47 18.24 249.75 342.08 0.01 193.09
2025/26 Est.
World 3/ 322.93 1606.82 240.93 983.74 1600.90 260.78 328.84
World Less China 129.84 1296.63 215.23 726.21 1251.05 260.76 149.74
United States 42.37 447.83 2.18 161.70 345.42 89.78 57.18
Total Foreign 280.56 1158.99 238.74 822.04 1255.49 171.00 271.67
Major Exporters 4/ 28.45 355.32 5.04 142.63 210.96 145.93 31.93
Argentina 5.99 68.06 0.01 14.94 21.33 48.20 4.53
Australia 1.48 20.95 0.00 5.34 7.21 13.18 2.04
Brazil 12.21 142.10 2.75 69.53 101.76 43.09 12.22
Canada 3.48 29.41 2.04 15.73 24.06 6.81 4.05
Russia 1.41 39.35 0.10 22.43 31.00 7.63 2.23
Ukraine 1.35 37.22 0.02 7.22 10.38 24.30 3.91
Major Importers 5/ 34.98 235.48 162.55 295.02 384.17 11.45 37.39
European Union 6/ 13.51 143.48 19.77 112.03 151.39 9.95 15.42
Japan 1.52 0.25 16.86 13.40 17.11 0.00 1.51
Mexico 6.11 30.39 27.46 34.02 57.30 0.03 6.63
N. Afr & Mideast 7/ 6.96 29.73 49.27 69.01 77.90 0.92 7.15
Saudi Arabia 1.41 0.27 9.67 9.63 9.97 0.00 1.39
Southeast Asia 8/ 2.87 31.10 23.18 42.88 53.83 0.56 2.76
South Korea 2.15 0.16 11.61 9.44 11.78 0.00 2.14
Selected Other
China 193.09 310.19 25.70 257.53 349.85 0.03 179.10
================================================================================
WASDE - 671 - 21 May 2026
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
================================================================================
2026/27 Proj.
World 3/
Apr NA NA NA NA NA NA NA
May 328.84 1588.65 238.57 994.99 1608.31 248.98 309.18
World Less China
Apr NA NA NA NA NA NA NA
May 149.74 1272.70 213.92 734.47 1255.46 248.96 142.35
United States
Apr NA NA NA NA NA NA NA
May 57.18 419.94 2.25 158.26 341.49 85.45 52.43
Total Foreign
Apr NA NA NA NA NA NA NA
May 271.67 1168.71 236.32 836.73 1266.82 163.53 256.76
Major Exporters 4/
Apr NA NA NA NA NA NA NA
May 31.93 349.00 5.27 146.83 216.69 138.85 30.67
Argentina
Apr NA NA NA NA NA NA NA
May 4.53 64.22 0.01 14.83 21.17 43.40 4.18
Australia
Apr NA NA NA NA NA NA NA
May 2.04 18.05 0.00 5.80 7.68 10.18 2.23
Brazil
Apr NA NA NA NA NA NA NA
May 12.22 147.21 2.90 72.25 106.08 44.11 12.14
Canada
Apr NA NA NA NA NA NA NA
May 4.05 27.54 2.14 15.89 24.07 5.98 3.69
Russia
Apr NA NA NA NA NA NA NA
May 2.23 38.87 0.10 22.80 31.22 7.98 2.01
Ukraine
Apr NA NA NA NA NA NA NA
May 3.91 36.08 0.01 7.73 11.09 25.19 3.72
Major Importers 5/
Apr NA NA NA NA NA NA NA
May 37.39 237.48 162.39 299.39 389.51 11.01 36.74
European Union 6/
Apr NA NA NA NA NA NA NA
May 15.42 139.16 20.45 110.94 150.41 9.76 14.86
Japan
Apr NA NA NA NA NA NA NA
May 1.51 0.25 16.76 13.26 16.95 0.00 1.58
Mexico
Apr NA NA NA NA NA NA NA
May 6.63 29.35 28.00 34.85 58.58 0.02 5.37
N. Afr & Mideast 7/
Apr NA NA NA NA NA NA NA
May 7.15 36.93 47.11 72.99 82.09 0.66 8.44
Saudi Arabia
Apr NA NA NA NA NA NA NA
May 1.39 0.27 9.01 8.96 9.30 0.00 1.36
Southeast Asia 8/
Apr NA NA NA NA NA NA NA
May 2.76 31.25 24.83 44.48 55.68 0.57 2.59
South Korea
Apr NA NA NA NA NA NA NA
May 2.14 0.16 11.61 9.39 11.73 0.00 2.18
China
Apr NA NA NA NA NA NA NA
May 179.10 315.95 24.65 260.53 352.85 0.03 166.83
================================================================================
WASDE - 671 - 22 May 2026
World Corn Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2024/25
World 3/ 313.98 1232.07 186.11 784.33 1251.26 187.32 294.80
World Less China 102.79 937.16 184.28 550.33 935.26 187.31 102.87
United States 44.79 378.27 0.55 138.53 311.60 72.60 39.40
Total Foreign 269.19 853.81 185.56 645.80 939.66 114.71 255.39
Major Exporters 4/ 11.77 243.07 1.94 98.80 139.95 96.32 20.51
Argentina 2.46 49.00 0.01 12.70 17.10 29.07 5.30
Brazil 7.35 136.00 1.76 64.00 91.50 42.24 11.38
Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91
South Africa 0.65 17.27 0.11 7.00 13.95 2.00 2.09
Ukraine 0.54 26.80 0.02 5.30 6.50 20.02 0.84
Major Importers 5/ 21.40 121.05 107.30 164.50 226.50 3.33 19.91
Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69
European Union 6/ 7.29 59.59 18.76 56.00 77.00 2.76 5.88
Japan 1.30 0.02 15.46 12.10 15.40 0.00 1.37
Mexico 5.63 23.10 25.93 27.50 49.10 0.03 5.53
Southeast Asia 7/ 3.17 31.13 20.80 40.60 51.70 0.54 2.86
South Korea 2.04 0.09 11.44 9.25 11.45 0.00 2.13
Selected Other
Canada 2.00 15.35 1.69 8.58 14.44 3.00 1.58
China 211.19 294.92 1.82 234.00 316.00 0.00 191.93
2025/26 Est.
World 3/ 294.80 1312.68 195.86 819.20 1310.53 213.61 296.95
World Less China 102.87 1011.44 189.86 580.20 989.53 213.59 118.80
United States 39.40 432.34 0.64 157.49 334.15 83.82 54.41
Total Foreign 255.39 880.34 195.23 661.71 976.37 129.79 242.55
Major Exporters 4/ 20.51 257.40 1.77 99.10 143.90 114.00 21.78
Argentina 5.30 59.00 0.01 13.00 17.50 43.00 3.81
Brazil 11.38 135.00 1.70 63.00 93.50 43.00 11.58
Russia 0.91 14.80 0.05 10.30 11.40 3.30 1.06
South Africa 2.09 17.70 0.00 7.30 14.50 2.70 2.59
Ukraine 0.84 30.90 0.01 5.50 7.00 22.00 2.75
Major Importers 5/ 19.91 120.46 111.55 168.30 229.80 2.49 19.64
Egypt 1.69 6.70 12.50 16.40 19.10 0.00 1.79
European Union 6/ 5.88 56.80 18.50 53.70 74.20 1.90 5.08
Japan 1.37 0.02 15.50 12.20 15.50 0.00 1.39
Mexico 5.53 25.70 26.30 29.50 51.40 0.03 6.10
Southeast Asia 7/ 2.86 31.05 22.60 42.50 53.20 0.56 2.75
South Korea 2.13 0.09 11.50 9.40 11.60 0.00 2.12
Selected Other
Canada 1.58 14.87 1.90 8.60 14.50 2.20 1.65
China 191.93 301.24 6.00 239.00 321.00 0.02 178.15
================================================================================
WASDE - 671 - 23 May 2026
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
================================================================================
2026/27 Proj.
World 3/
Apr NA NA NA NA NA NA NA
May 296.95 1295.38 198.59 829.26 1314.79 206.91 277.54
World Less China
Apr NA NA NA NA NA NA NA
May 118.80 988.38 192.59 586.26 989.79 206.89 111.42
United States
Apr NA NA NA NA NA NA NA
May 54.41 406.29 0.64 154.95 331.61 80.01 49.71
Total Foreign
Apr NA NA NA NA NA NA NA
May 242.55 889.09 197.95 674.31 983.18 126.90 227.84
Major Exporters 4/
Apr NA NA NA NA NA NA NA
May 21.78 256.30 1.87 101.50 148.20 111.00 20.74
Argentina
Apr NA NA NA NA NA NA NA
May 3.81 55.00 0.01 12.80 17.30 38.00 3.51
Brazil
Apr NA NA NA NA NA NA NA
May 11.58 139.00 1.80 65.00 97.00 44.00 11.38
Russia
Apr NA NA NA NA NA NA NA
May 1.06 15.80 0.05 10.80 12.00 4.00 0.91
South Africa
Apr NA NA NA NA NA NA NA
May 2.59 16.50 0.00 7.40 14.70 2.00 2.39
Ukraine
Apr NA NA NA NA NA NA NA
May 2.75 30.00 0.01 5.50 7.20 23.00 2.56
Major Importers 5/
Apr NA NA NA NA NA NA NA
May 19.64 120.52 115.20 171.95 234.00 2.49 18.87
Egypt
Apr NA NA NA NA NA NA NA
May 1.79 7.00 12.80 16.80 19.50 0.00 2.09
European Union 6/
Apr NA NA NA NA NA NA NA
May 5.08 57.50 19.50 54.40 74.80 1.90 5.38
Japan
Apr NA NA NA NA NA NA NA
May 1.39 0.02 15.50 12.20 15.50 0.00 1.41
Mexico
Apr NA NA NA NA NA NA NA
May 6.10 24.60 27.00 30.50 52.80 0.02 4.88
Southeast Asia 7/
Apr NA NA NA NA NA NA NA
May 2.75 31.20 24.35 44.20 55.15 0.57 2.58
South Korea
Apr NA NA NA NA NA NA NA
May 2.12 0.09 11.50 9.35 11.55 0.00 2.17
Canada
Apr NA NA NA NA NA NA NA
May 1.65 14.50 2.00 8.80 14.70 1.90 1.55
China
Apr NA NA NA NA NA NA NA
May 178.15 307.00 6.00 243.00 325.00 0.02 166.13
================================================================================
WASDE - 671 - 24 May 2026
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
================================================================================
2024/25
World 3/ 179.68 542.02 57.98 530.66 61.52 191.05
World Less China 76.68 396.75 55.64 385.70 60.36 86.55
United States 1.27 7.05 1.57 5.30 2.87 1.71
Total Foreign 178.42 534.97 56.41 525.36 58.64 189.34
Major Exporters 4/ 49.81 219.50 3.60 170.06 46.45 56.40
Burma 1.22 11.90 0.01 9.60 2.57 0.95
India 42.00 150.18 0.00 121.36 22.83 48.00
Pakistan 1.40 9.72 0.02 4.10 5.13 1.91
Thailand 2.21 20.84 0.05 12.50 7.86 2.75
Vietnam 2.99 26.85 3.53 22.50 8.06 2.80
Major Importers 5/ 118.08 239.52 23.22 257.81 1.51 121.50
China 103.00 145.28 2.34 144.96 1.15 104.50
European Union 6/ 0.60 1.60 2.53 3.50 0.34 0.89
Indonesia 6.17 34.10 0.81 35.50 0.00 5.58
Nigeria 1.41 5.75 3.30 8.30 0.00 2.16
Philippines 3.40 12.37 5.42 17.40 0.00 3.79
Sel. Mideast 7/ 1.41 2.28 5.57 7.05 0.00 2.21
Selected Other
Brazil 0.34 8.68 0.95 7.40 1.37 1.19
C. Amer & Carib 8/ 0.54 1.42 1.93 3.21 0.09 0.59
Egypt 0.46 3.90 0.16 4.05 0.15 0.31
Japan 1.60 7.29 0.84 8.05 0.05 1.63
Mexico 0.12 0.16 0.89 1.00 0.03 0.15
South Korea 1.21 3.59 0.33 4.18 0.19 0.75
2025/26 Est.
World 3/ 191.05 542.82 57.19 537.56 60.28 196.31
World Less China 86.55 396.49 53.89 390.34 58.38 91.31
United States 1.71 6.56 1.39 5.37 2.57 1.72
Total Foreign 189.34 536.26 55.80 532.20 57.71 194.58
Major Exporters 4/ 56.40 220.30 3.98 172.90 45.00 62.78
Burma 0.95 12.00 0.01 9.30 2.60 1.05
India 48.00 152.00 0.00 124.00 23.00 53.00
Pakistan 1.91 9.40 0.02 4.40 4.50 2.43
Thailand 2.75 20.70 0.05 12.70 7.00 3.80
Vietnam 2.80 26.20 3.90 22.50 7.90 2.50
Major Importers 5/ 121.50 241.56 21.48 261.50 2.35 120.68
China 104.50 146.33 3.30 147.23 1.90 105.00
European Union 6/ 0.89 1.77 2.30 3.60 0.40 0.96
Indonesia 5.58 33.80 0.50 35.30 0.00 4.58
Nigeria 2.16 5.90 2.80 8.60 0.00 2.27
Philippines 3.79 12.20 4.40 17.60 0.00 2.79
Sel. Mideast 7/ 2.21 2.23 4.88 7.23 0.00 2.08
Selected Other
Brazil 1.19 7.60 0.93 7.35 1.40 0.96
C. Amer & Carib 8/ 0.59 1.35 1.93 3.23 0.08 0.56
Egypt 0.31 4.20 0.18 4.10 0.18 0.41
Japan 1.63 7.48 0.80 7.95 0.07 1.90
Mexico 0.15 0.19 0.80 1.01 0.01 0.12
South Korea 0.75 3.54 0.41 3.85 0.18 0.67
================================================================================
WASDE - 671 - 25 May 2026
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
================================================================================
2026/27 Proj.
World 3/
Apr NA NA NA NA NA NA
May 196.31 537.82 59.77 541.39 63.01 192.74
World Less China
Apr NA NA NA NA NA NA
May 91.31 390.82 56.47 396.29 60.81 84.74
United States
Apr NA NA NA NA NA NA
May 1.72 5.56 1.45 4.89 2.51 1.34
Total Foreign
Apr NA NA NA NA NA NA
May 194.58 532.26 58.31 536.50 60.50 191.39
Major Exporters 4/
Apr NA NA NA NA NA NA
May 62.78 217.00 4.08 176.80 47.60 59.45
Burma
Apr NA NA NA NA NA NA
May 1.05 11.00 0.01 9.00 2.10 0.96
India
Apr NA NA NA NA NA NA
May 53.00 150.00 0.00 128.00 25.00 50.00
Pakistan
Apr NA NA NA NA NA NA
May 2.43 9.60 0.02 4.60 5.00 2.45
Thailand
Apr NA NA NA NA NA NA
May 3.80 20.30 0.05 12.80 7.50 3.85
Vietnam
Apr NA NA NA NA NA NA
May 2.50 26.10 4.00 22.40 8.00 2.20
Major Importers 5/
Apr NA NA NA NA NA NA
May 120.68 241.78 22.75 260.35 2.65 122.21
China
Apr NA NA NA NA NA NA
May 105.00 147.00 3.30 145.10 2.20 108.00
European Union 6/
Apr NA NA NA NA NA NA
May 0.96 1.73 2.35 3.70 0.41 0.93
Indonesia
Apr NA NA NA NA NA NA
May 4.58 33.60 0.50 35.00 0.00 3.68
Nigeria
Apr NA NA NA NA NA NA
May 2.27 5.67 2.90 8.80 0.00 2.04
Philippines
Apr NA NA NA NA NA NA
May 2.79 12.40 5.60 17.80 0.00 2.99
Sel. Mideast 7/
Apr NA NA NA NA NA NA
May 2.08 2.23 4.70 7.35 0.00 1.66
Brazil
Apr NA NA NA NA NA NA
May 0.96 7.40 0.95 7.30 1.40 0.61
C. Amer & Carib 8/
Apr NA NA NA NA NA NA
May 0.56 1.33 2.06 3.32 0.08 0.56
Egypt
Apr NA NA NA NA NA NA
May 0.41 4.20 0.20 4.15 0.20 0.46
Japan
Apr NA NA NA NA NA NA
May 1.90 7.38 0.70 8.05 0.08 1.85
Mexico
Apr NA NA NA NA NA NA
May 0.12 0.20 0.83 1.02 0.01 0.11
South Korea
Apr NA NA NA NA NA NA
May 0.67 3.52 0.41 3.78 0.18 0.65
================================================================================
WASDE - 671 - 26 May 2026
World Cotton Supply and Use 1/
(Million 480-Pound Bales)
================================================================================
Supply Use
Region Beginning Produc- Loss Ending
Stocks tion Imports Domestic Exports 2/ Stocks
================================================================================
2024/25
World 73.45 119.34 43.03 119.11 42.43 -0.23 74.52
World Less China 36.74 87.34 37.85 80.11 42.37 -0.23 39.68
United States 3.15 14.41 3/ 1.70 11.90 -0.04 4.00
Total Foreign 70.30 104.93 43.03 117.41 30.53 -0.19 70.52
Major Exporters 4/ 24.27 58.82 4.29 35.07 26.52 -0.19 25.97
Central Asia 5/ 3.13 5.09 0.10 3.94 1.47 0.00 2.91
Afr. Fr. Zone 6/ 1.29 4.44 3/ 0.10 4.27 0.00 1.37
S. Hemis. 7/ 10.19 24.70 0.15 4.36 19.13 -0.19 11.73
Australia 4.22 5.60 3/ 0.00 5.21 -0.19 4.80
Brazil 2.97 17.00 3/ 3.26 13.02 0.00 3.70
India 9.30 24.00 3.04 25.50 1.33 0.00 9.52
Major Importers 8/ 43.86 43.35 35.91 77.80 3.01 0.00 42.31
Mexico 0.24 1.00 0.60 1.35 0.18 0.00 0.31
China 36.71 32.00 5.19 39.00 0.06 0.00 34.84
European Union 9/ 0.27 1.24 0.41 0.46 1.27 0.00 0.19
Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28
Pakistan 1.85 5.00 6.10 10.60 0.05 0.00 2.30
Indonesia 0.40 3/ 1.98 1.95 0.02 0.00 0.41
Thailand 0.09 3/ 0.51 0.50 0.00 0.00 0.11
Bangladesh 1.71 0.15 8.05 8.20 0.00 0.00 1.71
Vietnam 1.03 3/ 7.98 8.00 0.00 0.00 1.02
2025/26 Est.
World 74.52 122.64 43.78 120.13 43.78 -0.24 77.27
World Less China 39.68 86.84 37.18 79.63 43.70 -0.24 40.60
United States 4.00 13.90 0.01 1.60 12.00 -0.10 4.40
Total Foreign 70.52 108.74 43.78 118.53 31.78 -0.14 72.87
Major Exporters 4/ 25.97 59.78 5.70 36.25 28.41 -0.16 26.95
Central Asia 5/ 2.91 5.73 0.25 4.94 1.49 0.00 2.46
Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.07 0.00 1.23
S. Hemis. 7/ 11.73 25.80 0.15 4.46 21.48 -0.16 11.90
Australia 4.80 4.50 3/ 0.00 5.70 -0.16 3.76
Brazil 3.70 19.50 0.01 3.35 14.70 0.00 5.15
India 9.52 23.80 4.20 25.50 1.00 0.00 11.02
Major Importers 8/ 42.31 46.08 35.30 77.77 2.25 0.02 43.63
Mexico 0.31 0.57 0.65 1.20 0.10 0.02 0.21
China 34.84 35.80 6.60 40.50 0.08 0.00 36.66
European Union 9/ 0.19 1.20 0.45 0.48 1.10 0.00 0.26
Turkey 1.28 3.05 4.50 6.80 0.90 0.00 1.13
Pakistan 2.30 5.30 4.80 10.30 0.05 0.00 2.05
Indonesia 0.41 3/ 1.90 1.90 0.02 0.00 0.40
Thailand 0.11 3/ 0.48 0.48 0.00 0.00 0.11
Bangladesh 1.71 0.15 7.70 7.80 0.00 0.00 1.77
Vietnam 1.02 3/ 7.60 7.70 0.00 0.00 0.92
================================================================================
WASDE - 671 - 27 May 2026
World Cotton Supply and Use 1/
(Million 480-Pound Bales)
================================================================================
Supply Use
Region Beginning Produc- Loss Ending
Stocks tion Imports Domestic Exports 2/ Stocks
================================================================================
2026/27 Proj.
World
Apr NA NA NA NA NA NA NA
May 77.27 116.04 43.37 121.69 43.34 -0.20 71.84
World Less China
Apr NA NA NA NA NA NA NA
May 40.60 82.54 36.37 80.69 43.27 -0.20 35.75
United States
Apr NA NA NA NA NA NA NA
May 4.40 13.30 0.01 1.60 12.30 -0.10 3.90
Total Foreign
Apr NA NA NA NA NA NA NA
May 72.87 102.74 43.36 120.09 31.04 -0.10 67.94
Major Exporters 4/
Apr NA NA NA NA NA NA NA
May 26.95 56.69 3.60 36.90 27.87 -0.10 22.57
Central Asia 5/
Apr NA NA NA NA NA NA NA
May 2.46 5.46 0.25 4.94 1.40 0.00 1.84
Afr. Fr. Zone 6/
Apr NA NA NA NA NA NA NA
May 1.23 4.17 3/ 0.11 4.11 0.00 1.18
S. Hemis. 7/
Apr NA NA NA NA NA NA NA
May 11.90 22.60 0.15 4.51 20.54 -0.10 9.70
Australia
Apr NA NA NA NA NA NA NA
May 3.76 3.00 3/ 0.00 4.50 -0.10 2.36
Brazil
Apr NA NA NA NA NA NA NA
May 5.15 17.50 0.01 3.40 15.00 0.00 4.26
India
Apr NA NA NA NA NA NA NA
May 11.02 24.00 2.00 26.00 1.50 0.00 9.52
Major Importers 8/
Apr NA NA NA NA NA NA NA
May 43.63 43.11 36.97 78.65 1.97 0.00 43.09
Mexico
Apr NA NA NA NA NA NA NA
May 0.21 0.65 0.65 1.20 0.10 0.00 0.21
China
Apr NA NA NA NA NA NA NA
May 36.66 33.50 7.00 41.00 0.08 0.00 36.09
European Union 9/
Apr NA NA NA NA NA NA NA
May 0.26 1.20 0.45 0.48 1.12 0.00 0.31
Turkey
Apr NA NA NA NA NA NA NA
May 1.13 2.50 4.80 6.80 0.60 0.00 1.03
Pakistan
Apr NA NA NA NA NA NA NA
May 2.05 5.10 5.30 10.40 0.05 0.00 2.00
Indonesia
Apr NA NA NA NA NA NA NA
May 0.40 3/ 1.90 1.90 0.02 0.00 0.38
Thailand
Apr NA NA NA NA NA NA NA
May 0.11 3/ 0.45 0.45 0.00 0.00 0.11
Bangladesh
Apr NA NA NA NA NA NA NA
May 1.77 0.15 7.80 8.00 0.00 0.00 1.72
Vietnam
Apr NA NA NA NA NA NA NA
May 0.92 3/ 8.00 7.80 0.00 0.00 1.12
================================================================================
WASDE - 671 - 28 May 2026
World Soybean Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic Ending
Stocks tion Imports Crush Total Exports Stocks
================================================================================
2024/25
World 2/ 115.13 427.89 179.19 359.09 412.13 184.17 125.91
World Less China 71.82 407.24 71.19 255.59 284.73 184.10 81.42
United States 9.32 119.05 0.79 66.55 69.09 51.23 8.84
Total Foreign 105.81 308.84 178.40 292.54 343.04 132.94 117.07
Major Exporters 3/ 54.47 238.01 7.07 105.30 115.30 121.12 63.12
Argentina 24.05 51.11 6.32 43.24 48.94 7.87 24.67
Brazil 29.76 172.50 0.73 58.16 62.16 103.14 37.69
Paraguay 0.29 10.20 0.00 3.70 3.80 6.41 0.29
Major Importers 4/ 46.22 24.54 142.49 133.17 164.84 0.42 47.99
China 43.31 20.65 108.00 103.50 127.40 0.07 44.49
European Union 1.30 2.91 14.71 15.40 17.02 0.33 1.57
Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.18 0.01 1.18
Mexico 0.61 0.28 6.43 6.65 6.74 0.00 0.59
2025/26 Est.
World 2/ 125.91 427.60 184.77 369.53 426.58 186.57 125.13
World Less China 81.42 406.70 72.77 261.53 293.68 186.45 80.77
United States 8.84 115.99 0.68 71.58 74.62 41.64 9.25
Total Foreign 117.07 311.61 184.09 297.95 351.96 144.93 115.88
Major Exporters 3/ 63.12 242.70 8.23 106.77 118.35 133.90 61.80
Argentina 24.67 48.00 7.30 41.50 48.40 8.25 23.32
Brazil 37.69 180.00 0.90 61.50 65.90 115.00 37.69
Paraguay 0.29 12.10 0.02 3.60 3.73 8.20 0.48
Major Importers 4/ 47.99 24.71 146.50 137.79 170.79 0.44 47.97
China 44.49 20.90 112.00 108.00 132.90 0.12 44.37
European Union 1.57 2.85 13.80 14.80 16.37 0.30 1.55
Southeast Asia 5/ 1.18 0.41 10.90 5.79 11.23 0.01 1.25
Mexico 0.59 0.31 6.70 6.85 6.95 0.01 0.64
2026/27 Proj.
World 2/
Apr NA NA NA NA NA NA NA
May 125.13 441.54 188.02 383.14 440.69 189.22 124.78
World Less China
Apr NA NA NA NA NA NA NA
May 80.77 420.54 74.02 273.14 305.69 189.12 80.51
United States
Apr NA NA NA NA NA NA NA
May 9.25 120.70 0.68 74.84 77.83 44.36 8.44
Total Foreign
Apr NA NA NA NA NA NA NA
May 115.88 320.84 187.34 308.29 362.86 144.86 116.34
Major Exporters 3/
Apr NA NA NA NA NA NA NA
May 61.80 250.20 7.33 111.80 123.43 133.75 62.15
Argentina
Apr NA NA NA NA NA NA NA
May 23.32 50.00 6.50 43.00 49.90 6.00 23.92
Brazil
Apr NA NA NA NA NA NA NA
May 37.69 186.00 0.80 65.00 69.60 117.50 37.39
Paraguay
Apr NA NA NA NA NA NA NA
May 0.48 11.10 0.02 3.60 3.73 7.35 0.52
Major Importers 4/
Apr NA NA NA NA NA NA NA
May 47.97 24.94 148.66 140.14 173.29 0.38 47.90
China
Apr NA NA NA NA NA NA NA
May 44.37 21.00 114.00 110.00 135.00 0.10 44.27
European Union
Apr NA NA NA NA NA NA NA
May 1.55 3.00 13.20 14.50 16.02 0.25 1.48
Southeast Asia 5/
Apr NA NA NA NA NA NA NA
May 1.25 0.38 11.56 6.29 11.84 0.02 1.34
Mexico
Apr NA NA NA NA NA NA NA
May 0.64 0.32 6.75 6.95 7.05 0.01 0.65
================================================================================
WASDE - 671 - 29 May 2026
World Soybean Meal Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Stocks tion Imports Domestic Exports Stocks
Region Beginning Produc- Total Exports Ending
================================================================================
2024/25
World 2/ 14.31 281.74 77.71 272.78 83.04 17.94
World Less China 13.52 199.77 77.66 191.93 82.02 17.00
United States 0.41 53.02 0.73 37.23 16.57 0.36
Total Foreign 13.90 228.72 76.98 235.55 66.47 17.58
Major Exporters 3/ 5.45 86.93 0.29 31.21 54.95 6.51
Argentina 2.26 33.51 0.28 3.53 29.78 2.74
Brazil 2.97 44.38 0.01 20.50 23.39 3.47
India 0.22 9.04 0.01 7.19 1.78 0.30
Major Importers 4/ 2.30 23.31 44.01 65.11 1.05 3.46
European Union 0.84 12.17 20.61 31.24 0.65 1.72
Mexico 0.16 5.26 2.35 7.45 0.00 0.31
Southeast Asia 5/ 1.19 3.99 19.44 22.91 0.40 1.31
China 0.79 81.97 0.05 80.85 1.02 0.94
2025/26 Est.
World 2/ 17.94 290.33 80.14 285.57 83.95 18.89
World Less China 17.00 204.79 79.99 201.42 82.75 17.61
United States 0.36 56.81 0.73 39.53 17.96 0.41
Total Foreign 17.58 233.51 79.41 246.04 65.99 18.48
Major Exporters 3/ 6.51 87.06 0.33 32.23 54.85 6.82
Argentina 2.74 32.16 0.17 3.60 29.00 2.47
Brazil 3.47 47.48 0.01 21.80 25.00 4.16
India 0.30 7.42 0.15 6.83 0.85 0.19
Major Importers 4/ 3.46 23.38 44.45 67.05 0.89 3.35
European Union 1.72 11.69 19.60 30.94 0.60 1.47
Mexico 0.31 5.41 2.70 8.09 0.00 0.33
Southeast Asia 5/ 1.31 4.51 20.45 24.55 0.29 1.43
China 0.94 85.54 0.15 84.15 1.20 1.28
2026/27 Proj.
World 2/
Apr NA NA NA NA NA NA
May 18.89 300.41 84.00 295.14 88.23 19.93
World Less China
Apr NA NA NA NA NA NA
May 17.61 213.29 83.90 209.29 87.03 18.48
United States
Apr NA NA NA NA NA NA
May 0.41 58.99 0.73 40.03 19.69 0.41
Total Foreign
Apr NA NA NA NA NA NA
May 18.48 241.42 83.28 255.11 68.55 19.52
Major Exporters 3/
Apr NA NA NA NA NA NA
May 6.82 91.34 0.11 33.75 57.30 7.22
Argentina
Apr NA NA NA NA NA NA
May 2.47 33.33 0.00 3.65 29.40 2.75
Brazil
Apr NA NA NA NA NA NA
May 4.16 50.01 0.01 23.00 26.90 4.28
India
Apr NA NA NA NA NA NA
May 0.19 8.00 0.10 7.10 1.00 0.19
Major Importers 4/
Apr NA NA NA NA NA NA
May 3.35 23.65 46.58 69.22 0.89 3.47
European Union
Apr NA NA NA NA NA NA
May 1.47 11.46 20.20 31.04 0.60 1.48
Mexico
Apr NA NA NA NA NA NA
May 0.33 5.49 3.00 8.45 0.00 0.37
Southeast Asia 5/
Apr NA NA NA NA NA NA
May 1.43 4.90 21.65 26.20 0.29 1.50
China
Apr NA NA NA NA NA NA
May 1.28 87.12 0.10 85.85 1.20 1.45
================================================================================
WASDE - 671 - 30 May 2026
World Soybean Oil Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Stocks tion Imports Domestic Exports Stocks
Region Beginning Produc- Total Exports Ending
================================================================================
2024/25
World 2/ 5.68 70.06 14.30 68.32 15.26 6.47
World Less China 4.52 49.96 14.00 47.82 14.94 5.73
United States 0.70 13.25 0.16 12.20 1.13 0.79
Total Foreign 4.98 56.81 14.13 56.12 14.13 5.68
Major Exporters 3/ 1.59 24.10 0.95 15.47 9.92 1.25
Argentina 0.67 8.63 0.11 1.98 7.10 0.32
Brazil 0.18 11.84 0.09 10.41 1.49 0.21
European Union 0.66 2.93 0.76 3.01 0.71 0.63
Major Importers 4/ 2.18 23.68 8.00 30.59 0.51 2.75
China 1.17 20.10 0.30 20.50 0.32 0.75
India 0.75 2.03 5.47 6.65 0.03 1.58
North Africa 5/ 0.24 1.21 1.29 2.24 0.17 0.33
2025/26 Est.
World 2/ 6.47 71.81 12.78 71.01 14.13 5.93
World Less China 5.73 50.84 12.48 50.51 13.43 5.11
United States 0.79 13.91 0.14 13.46 0.54 0.84
Total Foreign 5.68 57.90 12.64 57.55 13.58 5.09
Major Exporters 3/ 1.25 24.32 0.82 15.82 9.25 1.32
Argentina 0.32 8.28 0.07 1.98 6.30 0.39
Brazil 0.21 12.54 0.10 11.05 1.50 0.30
European Union 0.63 2.81 0.65 2.71 0.85 0.54
Major Importers 4/ 2.75 24.33 6.63 30.66 0.90 2.15
China 0.75 20.97 0.30 20.50 0.70 0.82
India 1.58 1.67 4.25 6.57 0.02 0.92
North Africa 5/ 0.33 1.28 1.38 2.44 0.18 0.36
2026/27 Proj.
World 2/
Apr NA NA NA NA NA NA
May 5.93 74.70 13.08 72.99 14.39 6.32
World Less China
Apr NA NA NA NA NA NA
May 5.11 53.34 12.78 52.19 13.69 5.34
United States
Apr NA NA NA NA NA NA
May 0.84 14.78 0.27 14.86 0.18 0.86
Total Foreign
Apr NA NA NA NA NA NA
May 5.09 59.92 12.81 58.14 14.21 5.46
Major Exporters 3/
Apr NA NA NA NA NA NA
May 1.32 25.28 0.71 16.04 9.65 1.62
Argentina
Apr NA NA NA NA NA NA
May 0.39 8.58 0.01 1.99 6.55 0.44
Brazil
Apr NA NA NA NA NA NA
May 0.30 13.26 0.10 11.40 1.70 0.56
European Union
Apr NA NA NA NA NA NA
May 0.54 2.76 0.60 2.56 0.80 0.54
Major Importers 4/
Apr NA NA NA NA NA NA
May 2.15 25.01 6.75 30.81 0.89 2.22
China
Apr NA NA NA NA NA NA
May 0.82 21.36 0.30 20.80 0.70 0.98
India
Apr NA NA NA NA NA NA
May 0.92 1.80 4.30 6.18 0.02 0.82
North Africa 5/
Apr NA NA NA NA NA NA
May 0.36 1.41 1.35 2.59 0.18 0.35
================================================================================
WASDE - 671 - 31 May 2026
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
2025
II 6452 6706 13200 11885 1181 13192 26392 2153 58.8
III 6360 6614 13012 12432 1275 13850 26861 2217 58.2
IV 6647 7301 13986 12118 1242 13482 27469 2248 57.8
Annual 26003 27578 53740 48006 4844 53359 107099 8765 231.7
2026
I 6147 7050 13236 11996 1225 13356 26592 2230 58.5
II* 6280 6775 13092 12250 1240 13630 26722 2265 59.8
III* 6485 6750 13274 12600 1290 14030 27304 2300 58.8
IV* 6635 7410 14084 12300 1300 13735 27819 2325 58.3
AprProj. 25790 27975 53921 48900 4955 54400 108321 9200 235.3
MayProj. 25547 27985 53685 49146 5055 54751 108436 9120 235.4
2027
I* 6045 7095 13178 12100 1250 13485 26663 2310 58.7
AprProj. NA NA NA NA NA NA NA NA NA
MayProj. 25310 28255 53719 49600 5140 55295 109014 9330 236.0
================================================================================
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
2025
II 225.22 69.69 135.9 119.3 344.4 21.27
III 239.62 77.05 121.9 156.8 283.0 20.70
IV 227.62 64.87 110.5 172.2 192.0 19.50
Annual 224.37 68.80 124.8 135.8 373.7 21.18
2026
I 238.65 64.50 119.5 169.9 125.2 18.50
II* 253.00 71.00 122.0 170.0 65.0 22.00
III* 252.00 74.00 123.0 150.0 80.0 22.10
IV* 255.00 64.00 123.0 150.0 120.0 22.30
AprProj. 241.66 69.13 123.6 156.3 102.6 20.50
MayProj. 249.66 68.38 121.9 160.0 97.6 21.25
2027
I* 250.00 63.00 120.0 130.0 115.0 21.50
AprProj. NA NA NA NA NA NA
MayProj. 254 67 124 130 110 20.95
================================================================================
WASDE - 671 - 32 May 2026
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
2025 602 26071 5471 32143 2577 577 28990 59.3
2026 Proj.
Apr 577 25857 5790 32223 2365 550 29308 59.8
May 577 25616 6109 32301 2361 560 29380 60.0
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 560 25378 6000 31938 2335 550 29053 59.2
Pork
2025 435 27593 1116 29145 6970 430 21745 49.3
2026 Proj.
Apr 430 27989 1150 29569 7200 430 21939 49.6
May 430 28001 1138 29569 7232 435 21902 49.6
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 435 28271 1175 29881 7330 440 22111 49.9
TotalRed
Meat5/
2025 1058 53833 6959 61850 9554 1024 51273 110.1
2026 Proj.
Apr 1024 54012 7327 62363 9572 997 51794 110.9
May 1024 53779 7637 62440 9601 1012 51827 110.9
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 1012 53812 7570 62395 9672 1008 51714 110.5
Broiler
2025 761 47493 152 48406 6672 786 40948 102.9
2026 Proj.
Apr 786 48377 131 49294 6595 785 41914 105.0
May 786 48620 141 49547 6599 785 42163 105.6
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 785 49069 132 49986 6575 790 42621 106.5
Turkey
2025 219 4844 38 5101 425 175 4501 13.2
2026 Proj.
Apr 175 4955 40 5170 430 185 4555 13.3
May 175 5055 36 5265 429 185 4652 13.6
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 185 5140 36 5361 415 190 4756 13.8
Total
Poultry6/
2025 985 52845 193 54023 7143 973 45907 117.4
2026 Proj.
Apr 973 53876 173 55022 7077 979 46966 119.7
May 973 54225 178 55375 7070 981 47324 120.7
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 982 54764 170 55916 7034 991 47891 121.9
RedMeat& Poultry
2025 2043 106679 7152 115873 16697 1997 97180 227.5
2026 Proj.
Apr 1997 107888 7500 117385 16649 1976 98760 230.6
May 1997 108003 7815 117815 16671 1993 99151 231.6
2027 Proj.
Apr NA NA NA NA NA NA NA NA
May 1994 108576 7740 118310 16706 1999 99605 232.4
================================================================================
WASDE - 671 - 33 May 2026
U.S. Egg Supply and Use
================================================================================
2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj.
Commodity Apr May Apr May
================================================================================
Million Dozen
Eggs
Supply
BeginningStocks 23.1 14.2 17.1 17.1 NA 22.0
Production 9076.2 8765.0 9200.0 9119.8 NA 9330.0
Imports 30.1 121.0 21.0 20.6 NA 12.0
Total Supply 9129.4 8900.2 9238.1 9157.6 NA 9364.0
Use
Exports 236.7 203.3 240.0 241.6 NA 300.0
Hatching Use 1148.2 1267.8 1165.0 1167.6 NA 1180.0
Ending Stocks 14.2 17.1 21.0 22.0 NA 22.0
Disappearance
Total 7730.3 7412.0 7812.1 7726.4 NA 7862.0
Per Capita (number) 272.8 260.1 273.4 270.4 NA 274.5
================================================================================
U.S. Milk Supply and Use
================================================================================
2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj.
Commodity Apr May Apr May
================================================================================
Billion Pounds
Milk
Production 225.9 231.7 235.3 235.4 NA 236.0
Farm Use 1.0 1.0 1.0 1.0 NA 1.0
FatBasisSupply
BeginningStocks 13.8 13.1 12.6 12.6 NA 12.2
Marketings 224.9 230.7 234.3 234.4 NA 235.0
Imports 9.1 7.4 7.7 7.8 NA 8.1
Total Supply 247.8 251.1 254.6 254.9 NA 255.3
FatBasisUse
Exports 11.8 16.7 19.5 20.3 NA 20.5
Ending Stocks 13.1 12.6 12.9 12.2 NA 11.8
Domestic Use 222.9 221.7 222.2 222.4 NA 223.1
Skim-solidBasisSupply
BeginningStocks 9.8 9.1 9.2 9.2 NA 9.1
Marketings 224.9 230.7 234.3 234.4 NA 235.0
Imports 6.8 6.9 6.8 6.7 NA 6.9
Total Supply 241.5 246.6 250.3 250.3 NA 251.0
Skim-solidBasisUse
Exports 48.9 48.2 49.0 49.3 NA 49.8
Ending Stocks 9.1 9.2 9.2 9.1 NA 8.8
Domestic Use 183.6 189.2 192.1 191.9 NA 192.5
================================================================================
WASDE - 671 - 34 May 2026
U.S. Dairy Prices
================================================================================
Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj.
ity Apr May Apr May
================================================================================
Dollars Per Pound
Product Prices 1/
Cheese 1.8634 1.7878 1.645 1.650 NA 1.715
Butter 2.8870 2.2202 1.815 1.725 NA 1.820
Nonfat Dry
Milk 1.2420 1.2348 1.575 1.770 NA 1.575
Dry Whey 0.4913 0.5956 0.660 0.665 NA 0.640
Milk Prices 2/ Dollars Per Cwt
ClassIII 18.89 18.01 16.90 17.00 NA 17.55
Class IV 20.75 17.38 18.60 19.95 NA 18.60
All Milk
3/ 22.55 21.18 20.50 21.25 NA 20.95
================================================================================
WASDE - 671 - 35 May 2026
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 5.0 15.9 1.3 35.6 26 19
U.S. 6.7 11.4 3.0 0.0 9.8 24 21
Foreign 3.1 5.3 14.9 1.6 33.9 25 20
Exports
World 5.7 9.6 6.2 0.1 17.6 30 15
U.S. 11.9 20.0 2.8 0.0 10.2 25 18
Foreign 6.6 11.1 5.8 0.4 17.8 32 13
Domestic Use
World 2.1 3.6 10.3 0.3 28.3 30 15
U.S. 6.8 11.5 1.6 0.1 6.4 22 23
Foreign 2.1 3.6 9.9 0.2 28.0 31 14
Ending Stocks
World 9.5 16.0 12.0 0.2 35.9 26 19
U.S. 19.7 33.2 3.4 0.1 14.1 25 20
Foreign 9.6 16.2 10.4 1.4 31.0 26 19
COARSE GRAINS 2/
Production
World 3.5 5.9 26.4 1.1 103.6 21 24
U.S. 13.2 22.2 20.5 0.9 103.8 24 21
Foreign 2.6 4.4 14.3 0.2 42.8 21 24
Exports
World 7.2 12.2 7.9 1.2 20.9 31 14
U.S. 26.5 44.6 8.4 0.1 29.5 22 23
Foreign 12.8 21.5 6.4 0.3 20.8 31 14
Domestic Use
World 2.0 3.3 15.6 0.4 68.4 24 21
U.S. 5.6 9.4 7.8 0.2 38.4 28 17
Foreign 2.0 3.4 12.5 0.2 32.8 23 22
Ending Stocks
World 19.9 33.5 24.7 2.6 155.8 27 18
U.S. 55.2 93.0 16.2 0.9 57.6 20 25
Foreign 17.3 29.2 13.9 0.0 145.0 30 15
RICE, milled
Production
World 2.3 3.8 6.7 0.0 21.8 27 18
U.S. 8.1 13.6 0.4 0.0 1.1 24 21
Foreign 2.3 3.9 6.7 0.4 22.0 27 18
Exports
World 9.4 15.9 2.0 0.1 7.5 33 12
U.S. 12.7 21.4 0.3 0.0 1.0 20 20
Foreign 10.2 17.1 1.9 0.2 7.1 33 12
Domestic Use
World 1.8 3.0 4.6 0.0 19.4 30 15
U.S. 9.0 15.1 0.2 0.0 0.7 18 26
Foreign 1.8 3.0 4.5 0.2 20.0 31 14
Ending Stocks
World 13.5 22.7 7.0 0.1 26.7 31 14
U.S. 34.1 57.5 0.3 0.0 0.9 23 20
Foreign 14.7 24.7 7.0 0.1 26.3 31 14
================================================================================
WASDE - 671 - 36 May 2026
Reliability of May Projections (Continued) 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Metric Tons
SOYBEANS
Production
World NA NA 11.9 0.4 34.8 8 9
U.S. 8.7 14.6 4.8 0.0 16.1 22 23
Foreign NA NA 7.8 0.2 35.6 10 7
Exports
World NA NA 5.4 0.4 17.6 12 5
U.S. 15.1 25.5 3.5 0.0 11.3 22 21
Foreign NA NA 4.8 0.7 18.7 14 3
Domestic Use
World NA NA 7.5 1.2 18.9 8 9
U.S. 5.9 9.9 1.9 0.0 7.5 26 19
Foreign NA NA 7.0 0.2 18.6 7 10
Ending Stocks
World NA NA 8.2 0.5 20.7 8 9
U.S. 68.3 115.0 3.3 0.2 13.3 16 29
Foreign NA NA 5.9 0.1 15.7 9 8
COTTON
Production
World 5.9 10.0 4.3 0.1 16.7 26 19
U.S. 12.5 21.0 1.7 0.1 5.5 20 25
Foreign 5.9 10.0 3.3 0.1 12.2 25 20
Exports
World 10.2 17.2 2.3 0.1 12.4 25 20
U.S. 27.8 46.8 1.4 0.1 3.9 24 21
Foreign 12.9 21.7 1.7 0.1 10.4 24 21
Domestic Use
World 4.9 8.3 3.4 0.1 17.2 18 27
U.S. 11.0 18.5 0.5 0.0 1.4 18 26
Foreign 4.9 8.3 3.3 0.0 16.6 20 25
Ending Stocks
World 16.8 28.3 6.6 1.0 18.1 27 18
U.S. 43.2 72.7 1.4 0.0 4.3 21 24
Foreign 16.0 26.9 5.6 0.1 17.2 27 18
================================================================================
WASDE - 671 - 37 May 2026
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 14.0 23.6 734 7 4010 21 24
Exports 27.5 46.4 310 0 1100 22 21
Domestic Use 5.9 10.0 301 11 1538 29 16
Ending Stocks 65.3 110.0 586 18 2091 20 25
SORGHUM
Production 24.4 41.1 83 0 228 22 22
Exports 52.5 88.4 52 0 195 21 23
Domestic Use 28.9 48.6 55 0 162 20 24
Ending Stocks 66.3 111.6 43 1 238 18 27
BARLEY
Production 14.5 24.3 25 1 206 17 28
Exports 75.9 127.9 12 0 92 24 17
Domestic Use 11.1 18.8 26 0 95 20 23
Ending Stocks 22.4 37.7 21 0 78 18 26
OATS
Production 25.1 42.3 28 1 231 11 34
Exports 103.3 174.0 1 0 8 12 12
Domestic Use 11.0 18.5 19 0 160 15 29
Ending Stocks 33.4 56.3 15 0 77 15 26
Thousand Short Tons
SOYBEAN MEAL
Production 5.3 8.9 1255 0 5344 28 16
Exports 16.6 27.9 936 0 2750 27 17
Domestic Use 4.2 7.1 836 24 4950 25 20
Ending Stocks 39.9 67.2 54 0 388 12 20
Million Pounds
SOYBEAN OIL
Production 5.0 8.5 615 18 2500 31 14
Exports 45.7 77.0 508 25 1800 25 20
Domestic Use 3.9 6.6 503 8 1800 27 18
Ending Stocks 34.6 58.2 433 24 1702 27 18
ANIMAL PROD. 3/ Million Pounds
Beef 3.9 6.6 761 40 2727 23 9
Pork 3.1 5.3 511 5 1722 18 13
Broilers 2.3 3.9 665 75 1640 15 17
Turkeys 4.2 7.0 177 2 500 12 20
Million Dozen
Eggs 2.3 4.0 146 2 650 17 15
Billion Pounds
Milk 1.6 2.8 2.6 0.2 7.4 14 18
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