USDA World Grain S&Ds
03/10/2026 | 11:00 am CDT USDA World Grain S&Ds
USDA World Grain S&Ds 03/10
WASDE - 669 - 8 March 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/
2023/24 2822.94 3616.03 515.23 2819.31 796.72
2024/25 (Est.) 2853.40 3650.12 499.50 2874.74 775.38
2025/26 (Proj.)
Feb 2973.51 3747.65 537.31 2959.47 788.18
Mar 2976.53 3751.90 537.18 2959.64 792.27
Wheat
2023/24 791.53 1066.17 222.23 796.73 269.44
2024/25 (Est.) 800.43 1069.88 210.47 810.24 259.63
2025/26 (Proj.)
Feb 841.80 1101.57 221.96 824.06 277.51
Mar 842.12 1101.75 222.16 824.80 276.96
Coarse Grains 5/
2023/24 1507.47 1844.92 236.25 1497.85 347.07
2024/25 (Est.) 1511.32 1858.39 227.56 1533.86 324.52
2025/26 (Proj.)
Feb 1590.43 1913.49 252.08 1593.70 319.79
Mar 1593.13 1917.66 253.07 1593.88 323.77
Rice, milled
2023/24 523.93 704.95 56.75 524.74 180.21
2024/25 (Est.) 541.65 721.86 61.47 530.64 191.22
2025/26 (Proj.)
Feb 541.28 732.59 63.27 541.71 190.88
Mar 541.28 732.50 61.95 540.96 191.54
United States
Total Grains 4/
2023/24 458.90 520.30 85.72 366.49 68.09
2024/25 (Est.) 452.42 528.32 100.66 360.32 67.34
2025/26 (Proj.)
Feb 508.41 582.84 117.03 381.88 83.93
Mar 508.41 582.72 116.98 381.87 83.87
Wheat
2023/24 49.10 68.35 19.21 30.18 18.95
2024/25 (Est.) 53.85 76.86 22.48 31.12 23.26
2025/26 (Proj.)
Feb 54.01 80.54 24.49 30.71 25.34
Mar 54.01 80.54 24.49 30.71 25.34
Coarse Grains 5/
2023/24 402.88 442.66 63.37 331.42 47.87
2024/25 (Est.) 391.51 441.58 75.31 323.90 42.37
2025/26 (Proj.)
Feb 447.83 492.51 89.77 345.75 56.99
Mar 447.83 492.45 89.78 345.74 56.93
Rice, milled
2023/24 6.92 9.29 3.15 4.88 1.27
2024/25 (Est.) 7.05 9.88 2.87 5.30 1.71
2025/26 (Proj.)
Feb 6.56 9.79 2.76 5.43 1.60
Mar 6.56 9.73 2.70 5.43 1.60
================================================================================
WASDE - 669 - 9 March 2026
World and U.S. Supply and Use for Grains, Continued 1/
Million Metric Tons
================================================================================
Total Total Ending
Commodity Output Supply Trade 2/ Use Stocks
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Foreign 3/
Total Grains 4/
2023/24 2364.04 3095.73 429.50 2452.83 728.63
2024/25 (Est.) 2400.98 3121.80 398.84 2514.42 708.04
2025/26 (Proj.)
Feb 2465.11 3164.81 420.28 2577.59 704.25
Mar 2468.12 3169.19 420.20 2577.76 708.40
Wheat
2023/24 742.44 997.82 203.02 766.54 250.49
2024/25 (Est.) 746.58 993.02 187.99 779.12 236.37
2025/26 (Proj.)
Feb 787.79 1021.03 197.46 793.36 252.17
Mar 788.11 1021.22 197.66 794.09 251.62
Coarse Grains 5/
2023/24 1104.59 1402.25 172.88 1166.43 299.20
2024/25 (Est.) 1119.80 1416.81 152.25 1209.96 282.16
2025/26 (Proj.)
Feb 1142.60 1420.98 162.31 1247.95 262.80
Mar 1145.30 1425.20 163.29 1248.14 266.84
Rice, milled
2023/24 517.01 695.66 53.61 519.86 178.94
2024/25 (Est.) 534.60 711.97 58.60 525.34 189.51
2025/26 (Proj.)
Feb 534.72 722.80 60.51 536.28 189.28
Mar 534.71 722.77 59.25 535.53 189.94
================================================================================
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
2023/24 112.23 188.09 44.06 114.99 73.30
2024/25 (Est.) 118.54 191.84 42.41 118.94 73.76
2025/26 (Proj.)
Feb 119.86 193.61 43.71 118.72 75.11
Mar 120.99 194.75 43.91 118.58 76.39
United States
2023/24 12.07 16.72 11.75 1.85 3.15
2024/25 (Est.) 14.41 17.57 11.90 1.70 4.00
2025/26 (Proj.)
Feb 13.92 17.92 12.00 1.60 4.40
Mar 13.92 17.92 12.00 1.60 4.40
Foreign 4/
2023/24 100.17 171.38 32.31 113.14 70.15
2024/25 (Est.) 104.13 174.28 30.51 117.24 69.76
2025/26 (Proj.)
Feb 105.94 175.69 31.71 117.12 70.71
Mar 107.08 176.83 31.91 116.98 71.99
================================================================================
WASDE - 669 - 10 March 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
2023/24 657.43 780.43 205.52 543.42 136.10
2024/25 (Est.) 684.95 821.05 213.81 567.79 142.21
2025/26 (Proj.)
Feb 695.78 837.87 215.13 580.44 146.30
Mar 697.54 839.75 214.99 582.28 146.58
Oilmeals
2023/24 371.37 389.62 105.70 366.12 19.23
2024/25 (Est.) 392.41 411.64 114.31 381.81 23.22
2025/26 (Proj.)
Feb 401.11 424.45 115.36 396.13 24.03
Mar 402.12 425.34 115.71 396.77 24.04
Vegetable Oils
2023/24 222.19 254.60 86.22 217.64 30.94
2024/25 (Est.) 229.99 260.93 88.45 222.81 29.93
2025/26 (Proj.)
Feb 235.10 264.89 87.40 228.92 29.93
Mar 235.86 265.79 87.77 228.98 30.65
United States
Oilseeds
2023/24 122.16 132.12 47.49 66.22 10.81
2024/25 (Est.) 128.60 140.69 52.29 70.43 10.23
2025/26 (Proj.)
Feb 126.24 137.51 44.01 73.85 11.25
Mar 126.24 137.65 43.99 73.91 11.39
Oilmeals
2023/24 51.43 56.13 14.75 40.90 0.49
2024/25 (Est.) 55.27 60.70 16.78 43.48 0.45
2025/26 (Proj.)
Feb 57.40 62.45 17.80 44.15 0.50
Mar 57.68 62.80 17.81 44.49 0.50
Vegetable Oils
2023/24 13.59 21.59 0.42 20.13 1.04
2024/25 (Est.) 14.49 21.44 1.28 19.05 1.10
2025/26 (Proj.)
Feb 14.90 22.53 0.70 20.68 1.16
Mar 14.89 22.27 0.70 20.40 1.18
Foreign 3/
Oilseeds
2023/24 535.27 648.31 158.04 477.20 125.29
2024/25 (Est.) 556.36 680.36 161.53 497.36 131.98
2025/26 (Proj.)
Feb 569.54 700.36 171.12 506.59 135.05
Mar 571.30 702.10 171.00 508.37 135.20
Oilmeals
2023/24 319.94 333.49 90.95 325.22 18.75
2024/25 (Est.) 337.14 350.94 97.53 338.33 22.77
2025/26 (Proj.)
Feb 343.71 362.00 97.56 351.98 23.54
Mar 344.44 362.54 97.89 352.29 23.55
Vegetable Oils
2023/24 208.60 233.01 85.80 197.51 29.90
2024/25 (Est.) 215.51 239.49 87.17 203.75 28.83
2025/26 (Proj.)
Feb 220.20 242.36 86.71 208.24 28.77
Mar 220.97 243.52 87.07 208.58 29.47
================================================================================
WASDE - 669 - 11 March 2026
U.S. Wheat Supply and Use 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Acres
Area Planted 49.6 46.3 45.3 45.3
Area Harvested 37.1 38.6 37.2 37.2
Bushels
Yield per Harvested Acre 48.7 51.2 53.3 53.3
Million Bushels
Beginning Stocks 570 696 855 855
Production 1804 1979 1985 1985
Imports 138 149 120 120
Supply, Total 2511 2824 2959 2959
Food 961 969 967 967
Seed 62 61 61 61
Feed and Residual 86 113 100 100
Domestic, Total 1109 1143 1128 1128
Exports 706 826 900 900
Use, Total 1815 1969 2028 2028
Ending Stocks 696 855 931 931
Avg.FarmPrice ($/bu) 2/ 6.96 5.52 4.90 4.95
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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
2024/25 (Est.)
Beginning Stocks 274 190 126 85 21 696
Production 773 505 344 276 80 1979
Imports 6 79 5 7 51 149
Supply, Total 3/ 1054 774 476 368 152 2824
Food 387 258 153 84 88 969
Seed 26 15 12 6 3 61
Feed and Residual 25 33 66 -25 15 113
Domestic Use 438 305 231 65 105 1143
Exports 215 251 118 223 19 826
Use, Total 652 556 349 288 124 1969
Ending Stocks, Total 402 218 127 80 28 855
2025/26 (Proj.)
Beginning Stocks 402 218 127 80 28 855
Production 804 458 353 283 86 1985
Imports 5 65 5 5 40 120
Supply, Total 3/ 1211 741 485 368 154 2959
Food 390 255 152 84 86 967
Seed 26 15 12 6 3 61
Feed and Residual 25 10 65 -10 10 100
Domestic Use 441 280 229 80 99 1128
Exports 320 230 115 210 25 900
Use, Total 761 510 344 290 124 2028
Ending Stocks, Total
Mar 450 231 141 78 31 931
Feb 450 231 141 78 31 931
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WASDE - 669 - 12 March 2026
U.S. Feed Grain and Corn Supply and Use 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Acres
FEED GRAINS
Area Planted 107.5 101.8 110.1 110.1
Area Harvested 96.0 91.4 100.0 100.0
Metric Tons
Yield per Harvested Acre 4.19 4.28 4.48 4.48
Million Metric Tons
Beginning Stocks 37.1 47.9 42.3 42.3
Production 402.6 391.1 447.5 447.5
Imports 2.3 2.0 2.1 2.1
Supply, Total 442.0 441.0 492.0 491.9
Feed and Residual 151.5 144.0 161.7 161.6
Food, Seed & Industrial 179.3 179.3 183.5 183.7
Domestic, Total 330.8 323.3 345.2 345.2
Exports 63.4 75.3 89.8 89.8
Use, Total 394.2 398.6 435.0 435.0
Ending Stocks 47.9 42.3 57.0 56.9
Million Acres
CORN
Area Planted 94.6 90.9 98.8 98.8
Area Harvested 86.5 83.0 91.3 91.3
Bushels
Yield per Harvested Acre 177.3 179.3 186.5 186.5
Million Bushels
Beginning Stocks 1360 1763 1551 1551
Production 15341 14892 17021 17021
Imports 28 22 25 25
Supply, Total 16729 16677 18597 18597
Feed and Residual 5831 5454 6200 6200
Food,Seed& Industrial 2/ 6880 6813 6970 6970
Ethanol & by-products 3/ 5489 5436 5600 5600
Domestic, Total 12711 12267 13170 13170
Exports 2255 2858 3300 3300
Use, Total 14966 15126 16470 16470
Ending Stocks 1763 1551 2127 2127
Avg.FarmPrice ($/bu) 4/ 4.55 4.24 4.10 4.10
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WASDE - 669 - 13 March 2026
U.S. Sorghum, Barley, and Oats Supply and Use 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Bushels
SORGHUM
AreaPlanted (mil. acres) 7.2 6.3 6.6 6.6
AreaHarvested(mil.acres) 6.1 5.6 6.0 6.0
Yield (bushels/acre) 52.0 61.3 72.6 72.6
Beginning Stocks 24 33 40 40
Production 318 344 437 437
Imports 0 0 0 0
Supply, Total 342 377 477 477
Feed and Residual 51 140 105 100
Food, Seed & Industrial 24 98 110 115
Total Domestic 75 239 215 215
Exports 234 98 225 225
Use, Total 309 336 440 440
Ending Stocks 33 40 37 37
Avg.FarmPrice ($/bu) 2/ 4.93 4.07 3.60 3.55
BARLEY
AreaPlanted (mil. acres) 3.1 2.4 2.3 2.3
AreaHarvested(mil.acres) 2.6 1.9 1.8 1.8
Yield (bushels/acre) 72.3 76.6 80.0 80.0
Beginning Stocks 66 78 69 69
Production 186 144 141 141
Imports 13 9 9 8
Supply, Total 265 232 219 218
Feed and Residual 56 36 25 25
Food, Seed & Industrial 126 118 115 115
Total Domestic 182 154 140 140
Exports 5 9 9 9
Use, Total 187 162 149 149
Ending Stocks 78 69 70 69
Avg.FarmPrice ($/bu) 2/ 7.39 6.31 5.40 5.45
OATS
AreaPlanted (mil. acres) 2.6 2.2 2.4 2.4
AreaHarvested(mil.acres) 0.8 0.9 0.9 0.9
Yield (bushels/acre) 68.6 76.4 73.8 73.8
Beginning Stocks 35 36 28 28
Production 57 68 70 70
Imports 74 71 74 72
Supply, Total 166 176 172 170
Feed and Residual 47 64 55 55
Food, Seed & Industrial 80 81 82 82
Total Domestic 127 145 137 137
Exports 2 2 2 3
Use, Total 129 148 139 140
Ending Stocks 36 28 33 30
Avg.FarmPrice ($/bu) 2/ 3.92 3.35 3.20 3.20
================================================================================
WASDE - 669 - 14 March 2026
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Acres
TOTAL RICE
Area Planted 2.90 2.92 2.81 2.81
Area Harvested 2.85 2.87 2.74 2.74
Pounds
Yield per Harvested Acre 7641 7753 7544 7544
Million Hundredweight
Beginning Stocks 2/ 30.3 39.8 53.9 53.9
Production 218.0 222.6 206.7 206.7
Imports 44.4 49.3 47.7 45.7
Supply, Total 292.6 311.7 308.3 306.3
Domestic & Residual 3/ 153.7 167.3 171.0 171.0
Exports, Total 4/ 99.0 90.5 87.0 85.0
Rough 42.5 28.9 23.0 21.0
Milled (rough equiv.) 56.5 61.7 64.0 64.0
Use, Total 252.8 257.8 258.0 256.0
Ending Stocks 39.8 53.9 50.3 50.3
Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00
Avg.FarmPrice($/cwt) 6/ 17.30 15.10 12.10 12.10
LONG GRAIN RICE
Harvested Acres (mil.) 2.05 2.26 2.08 2.08
Yield (pounds/acre) 7523 7626 7359 7359
Beginning Stocks 21.2 19.3 37.3 37.3
Imports 37.2 42.7 41.0 39.0
Production 153.8 172.0 153.3 153.3
Supply, Total 7/ 212.2 234.0 231.6 229.6
Domestic & Residual 3/ 117.8 135.8 139.0 139.0
Exports 8/ 75.1 60.8 56.0 54.0
Use, Total 192.9 196.6 195.0 193.0
Ending Stocks 19.3 37.3 36.6 36.6
Avg.FarmPrice($/cwt) 6/ 15.90 14.00 10.50 10.50
MEDIUM & SHORT GRAIN RICE
Harvested Acres (mil.) 0.81 0.62 0.66 0.66
Yield (pounds/acre) 7938 8219 8130 8130
Beginning Stocks 6.8 18.9 13.7 13.7
Imports 7.2 6.6 6.7 6.7
Production 64.1 50.6 53.4 53.4
Supply, Total 7/ 78.8 74.9 73.9 73.9
Domestic & Residual 3/ 35.9 31.5 32.0 32.0
Exports 8/ 23.9 29.7 31.0 31.0
Use, Total 59.9 61.2 63.0 63.0
Ending Stocks 18.9 13.7 10.9 10.9
Avg. Farm Price ($/cwt) 1/ 6/
9/ 21.60 18.50 18.00 18.10
California 10/ 22.30 18.70 20.00 20.00
Other States 1/ 17.20 15.00 13.80 14.20
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WASDE - 669 - 15 March 2026
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Acres
SOYBEANS
Area Planted 83.6 87.3 81.2 81.2
Area Harvested 82.3 86.2 80.4 80.4
Bushels
Yield per Harvested Acre 50.6 50.7 53.0 53.0
Million Bushels
Beginning Stocks 264 342 325 325
Production 4162 4374 4262 4262
Imports 21 29 20 25
Supply, Total 4447 4746 4607 4612
Crushings 2285 2445 2570 2575
Exports 1700 1882 1575 1575
Seed 75 70 73 73
Residual 44 23 39 39
Use, Total 4105 4421 4257 4262
Ending Stocks 342 325 350 350
Avg.FarmPrice ($/bu) 2/ 12.40 10.00 10.20 10.20
Million Pounds
SOYBEAN OIL
Beginning Stocks 1607 1551 1747 1747
Production 4/ 27093 29218 29940 29920
Imports 621 362 365 365
Supply, Total 29321 31131 32052 32032
Domestic Disappearance 27153 26891 29100 29050
Biofuel 3/ 12995 11758 14800 14000
Food, Feed & other
Industrial 14158 15133 14300 15050
Exports 617 2492 1200 1200
Use, Total 27770 29384 30300 30250
Ending stocks 1551 1747 1752 1782
Avg. Price (c/lb) 2/ 47.28 47.59 53.00 55.00
Thousand Short Tons
SOYBEAN MEAL
Beginning Stocks 371 453 398 398
Production 4/ 54106 58443 60752 61077
Imports 687 807 725 800
Supply, Total 55164 59704 61875 62275
Domestic Disappearance 38657 41041 42025 42425
Exports 16054 18265 19400 19400
Use, Total 54711 59305 61425 61825
Ending Stocks 453 398 450 450
Avg. Price ($/s.t.) 2/ 384.11 299.77 295.00 300.00
================================================================================
WASDE - 669 - 16 March 2026
U.S. Sugar Supply and Use 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
1000 Short Tons, Raw Value
Beginning Stocks 1843 2220 2489 2490
Production 2/ 9313 9397 9410 9280
Beet Sugar 5172 5370 5102 5093
Cane Sugar 4141 4027 4308 4187
Florida 2079 1932 2082 1956
Louisiana 2022 2095 2226 2232
Texas 40 0 0 0
Imports 3840 3393 2243 2427
TRQ 3/ 1788 1534 1316 1316
Other Program 4/ 300 373 200 250
Non-program 1752 1485 728 861
Mexico 521 504 220 220
High-tier tariff/other 1231 980 508 642
Total Supply 14995 15009 14142 14197
Exports 249 111 50 50
Deliveries 12443 12450 12153 12270
Food 12336 12340 12048 12165
Other 5/ 106 111 105 105
Miscellaneous 83 -41 0 0
Total Use 12775 12520 12203 12320
Ending Stocks 2220 2490 1940 1878
Stocks to Use Ratio 17.4 19.9 15.9 15.2
================================================================================
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
2024/25 Est.
Feb 1418 4771 167 4210 1023 1123
Mar 1418 4771 167 4210 1023 1123
2025/26 Proj.
Feb 1123 5024 66 4311 820 1082
Mar 1123 5024 52 4297 834 1068
================================================================================
WASDE - 669 - 17 March 2026
U.S. Cotton Supply and Use 1/
================================================================================
2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj.
Item Feb Mar
================================================================================
Million Acres
Planted 10.23 11.18 9.28 9.28
Harvested 6.44 7.81 7.80 7.80
Pounds
Yield per Harvested
Acre 899 886 856 856
Million 480 Pound Bales
Beginning Stocks 4.65 3.15 4.00 4.00
Production 12.07 14.41 13.92 13.92
Imports 0.00 0.00 0.01 0.01
Supply, Total 16.72 17.57 17.92 17.92
Domestic Use 1.85 1.70 1.60 1.60
Exports, Total 11.75 11.90 12.00 12.00
Use, Total 13.60 13.60 13.60 13.60
Unaccounted 2/ -0.03 -0.03 -0.08 -0.08
Ending Stocks 3.15 4.00 4.40 4.40
Avg. Farm Price 3/ 76.1 63.2 60.0 60.0
================================================================================
WASDE - 669 - 18 March 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
================================================================================
2023/24
World 3/ 274.64 791.53 222.96 159.14 796.73 222.23 269.44
World Less China 135.82 654.94 209.34 122.14 643.23 221.22 134.92
United States 15.50 49.10 3.75 2.33 30.18 19.21 18.95
Total Foreign 259.14 742.44 219.21 156.81 766.55 203.02 250.49
Major Exporters 4/ 47.63 325.10 13.79 72.97 179.70 165.59 41.23
Argentina 3.97 15.85 0.00 0.25 7.05 8.23 4.54
Australia 4.37 25.96 0.22 4.80 8.30 19.84 2.41
Canada 5.71 33.41 0.56 3.82 8.95 25.44 5.29
European Union 5/ 16.27 135.38 12.65 46.50 110.50 38.00 15.79
Russia 14.39 91.50 0.30 16.00 39.00 55.50 11.69
Ukraine 2.93 23.00 0.06 1.60 5.90 18.58 1.51
Major Importers 6/ 178.76 208.72 139.39 56.54 329.63 19.75 177.48
Bangladesh 0.83 1.10 6.65 0.20 7.30 0.00 1.28
Brazil 1.80 8.10 6.61 0.60 12.00 2.81 1.69
China 138.82 136.59 13.63 37.00 153.50 1.01 134.52
Japan 1.14 1.15 5.35 0.73 6.23 0.31 1.09
N. Africa 7/ 12.07 16.37 31.58 1.63 46.48 2.00 11.54
Nigeria 0.37 0.12 5.05 0.00 4.80 0.35 0.39
Sel. Mideast 8/ 11.74 20.77 20.34 3.23 39.72 0.65 12.47
Southeast Asia 9/ 3.13 0.00 30.56 9.85 27.86 1.32 4.51
Selected Other
India 9.50 110.55 0.13 6.75 112.34 0.34 7.50
Kazakhstan 4.21 12.11 2.50 2.50 7.55 7.83 3.45
United Kingdom 2.31 13.98 3.14 7.40 15.59 0.57 3.26
2024/25 Est.
World 3/ 269.44 800.43 201.30 156.81 810.24 210.47 259.63
World Less China 134.92 660.34 197.13 123.81 660.24 209.45 131.86
United States 18.95 53.85 4.05 3.07 31.12 22.48 23.26
Total Foreign 250.49 746.58 197.25 153.74 779.12 187.99 236.37
Major Exporters 4/ 41.23 315.71 11.86 74.49 181.90 152.94 33.96
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 3.04 8.35 29.31 4.18
European Union 5/ 15.79 122.15 10.64 45.00 109.00 27.92 11.67
Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59
Ukraine 1.51 23.40 0.07 3.60 8.30 15.75 0.93
Major Importers 6/ 177.48 211.38 121.08 51.50 328.28 16.31 165.34
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 1.08 5.57 0.73 6.28 0.34 1.13
N. Africa 7/ 11.54 15.84 31.68 1.35 46.15 2.51 10.39
Nigeria 0.39 0.13 6.37 0.00 6.20 0.38 0.31
Sel. Mideast 8/ 12.47 23.56 17.60 2.94 40.24 0.72 12.66
Southeast Asia 9/ 4.51 0.00 29.17 9.60 28.43 1.45 3.81
Selected Other
India 7.50 113.29 0.16 6.00 108.96 0.19 11.80
Kazakhstan 3.45 18.58 0.50 3.20 8.30 10.19 4.03
United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69
================================================================================
WASDE - 669 - 19 March 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
================================================================================
2025/26 Proj.
World 3/
Feb 259.77 841.80 217.73 164.96 824.06 221.96 277.51
Mar 259.63 842.12 218.02 165.46 824.80 222.16 276.96
World Less China
Feb 132.00 701.73 211.73 133.96 676.06 220.96 152.66
Mar 131.86 702.05 212.02 134.46 676.80 221.16 152.11
United States
Feb 23.26 54.01 3.27 2.72 30.71 24.49 25.34
Mar 23.26 54.01 3.27 2.72 30.71 24.49 25.34
Total Foreign
Feb 236.51 787.79 214.47 162.24 793.36 197.46 252.17
Mar 236.37 788.11 214.76 162.74 794.09 197.66 251.62
Major Exporters 4/
Feb 33.95 361.26 7.24 83.00 191.65 163.50 47.29
Mar 33.96 361.26 7.24 83.50 192.15 163.00 47.30
Argentina
Feb 2.60 27.80 0.01 1.00 8.10 18.00 4.31
Mar 2.60 27.80 0.01 0.50 7.60 19.50 3.31
Australia
Feb 3.99 37.00 0.23 5.50 9.10 27.00 5.12
Mar 3.99 36.00 0.23 5.50 9.10 27.00 4.12
Canada
Feb 4.18 39.96 0.60 4.50 9.85 29.00 5.89
Mar 4.18 39.96 0.60 4.50 9.85 29.00 5.89
European Union 5/
Feb 11.66 144.00 6.00 50.00 114.50 31.50 15.66
Mar 11.67 144.00 6.00 51.00 115.50 30.50 15.67
Russia
Feb 10.59 89.50 0.30 18.50 41.70 44.00 14.69
Mar 10.59 89.50 0.30 18.50 41.70 43.50 15.19
Ukraine
Feb 0.93 23.00 0.10 3.50 8.40 14.00 1.63
Mar 0.93 24.00 0.10 3.50 8.40 13.50 3.13
Major Importers 6/
Feb 165.34 206.30 139.60 50.72 331.17 15.86 164.21
Mar 165.34 206.30 139.60 50.62 331.32 15.76 164.17
Bangladesh
Feb 0.78 1.00 7.20 0.30 8.00 0.00 0.98
Mar 0.78 1.00 7.40 0.30 8.20 0.00 0.98
Brazil
Feb 2.69 8.00 7.30 0.75 12.35 2.50 3.14
Mar 2.69 8.00 7.10 0.75 12.35 2.30 3.14
China
Feb 127.78 140.07 6.00 31.00 148.00 1.00 124.85
Mar 127.78 140.07 6.00 31.00 148.00 1.00 124.85
Japan
Feb 1.13 0.99 5.65 0.73 6.28 0.34 1.15
Mar 1.13 0.99 5.65 0.73 6.28 0.34 1.15
N. Africa 7/
Feb 10.42 17.45 33.70 1.45 47.45 2.12 12.00
Mar 10.39 17.45 33.70 1.45 47.55 2.12 11.87
Nigeria
Feb 0.31 0.13 6.70 0.00 6.40 0.40 0.34
Mar 0.31 0.13 6.40 0.00 6.10 0.40 0.34
Sel. Mideast 8/
Feb 12.66 19.38 20.75 2.79 40.44 0.96 11.39
Mar 12.66 19.38 21.15 2.79 40.59 0.96 11.64
Southeast Asia 9/
Feb 3.81 0.00 33.30 10.85 30.80 1.34 4.97
Mar 3.81 0.00 33.40 10.75 30.80 1.44 4.97
India
Feb 11.80 117.95 0.25 6.50 112.51 0.25 17.24
Mar 11.80 117.95 0.20 6.50 112.51 0.25 17.19
Kazakhstan
Feb 4.03 18.90 0.70 3.50 8.65 9.70 5.28
Mar 4.03 19.33 0.70 3.50 8.65 10.50 4.90
United Kingdom
Feb 2.69 11.96 3.50 7.10 15.30 0.60 2.24
Mar 2.69 11.96 3.50 7.10 15.30 0.60 2.24
================================================================================
WASDE - 669 - 20 March 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
================================================================================
2023/24
World 3/ 337.44 1507.47 242.65 924.52 1497.85 236.25 347.07
World Less China 130.69 1210.09 194.62 678.72 1159.15 236.25 133.61
United States 37.14 402.88 2.64 151.70 331.42 63.37 47.87
Total Foreign 300.31 1104.59 240.01 772.83 1166.43 172.88 299.20
Major Exporters 4/ 30.63 323.06 6.87 137.96 195.67 142.33 22.56
Argentina 3.13 59.98 0.01 12.88 18.94 40.58 3.61
Australia 3.97 14.48 0.00 5.09 6.97 9.66 1.83
Brazil 10.61 124.81 2.64 67.85 90.63 38.36 9.07
Canada 3.95 27.52 2.95 16.19 24.35 6.16 3.91
Russia 2.32 42.54 0.10 20.94 29.99 13.27 1.71
Ukraine 3.95 39.78 0.01 7.87 10.30 32.02 1.42
Major Importers 5/ 37.36 231.42 144.60 272.14 360.10 14.66 38.61
European Union 6/ 16.53 137.04 22.06 109.81 148.71 11.52 15.41
Japan 1.45 0.25 16.67 13.23 16.92 0.00 1.45
Mexico 5.61 28.93 24.95 30.50 53.17 0.02 6.29
N. Afr & Mideast 7/ 7.02 34.01 37.77 59.62 68.01 2.52 8.28
Saudi Arabia 1.40 0.27 7.00 6.92 7.25 0.00 1.41
Southeast Asia 8/ 2.89 30.67 19.82 38.24 49.59 0.60 3.19
South Korea 1.91 0.16 11.67 9.30 11.68 0.00 2.06
Selected Other
China 206.75 297.38 48.03 245.80 338.70 0.01 213.46
2024/25 Est.
World 3/ 347.07 1511.32 225.94 944.66 1533.86 227.56 324.52
World Less China 133.61 1207.85 207.70 694.91 1191.79 227.56 131.44
United States 47.87 391.51 2.19 144.14 323.90 75.31 42.37
Total Foreign 299.20 1119.80 223.75 800.52 1209.96 152.25 282.16
Major Exporters 4/ 22.56 333.13 5.11 142.35 205.70 125.38 29.72
Argentina 3.61 58.46 0.01 14.67 20.88 33.72 7.47
Australia 1.83 17.70 0.00 4.92 6.79 11.35 1.39
Brazil 9.07 143.59 2.83 72.00 100.93 42.37 12.19
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 1.42 33.47 0.02 8.43 11.16 22.35 1.40
Major Importers 5/ 38.61 227.98 154.92 286.56 374.48 11.30 35.73
European Union 6/ 15.41 136.80 20.17 110.20 148.72 9.16 14.50
Japan 1.45 0.20 16.72 13.15 16.84 0.00 1.53
Mexico 6.29 28.27 27.06 32.55 55.48 0.03 6.12
N. Afr & Mideast 7/ 8.28 30.98 45.27 67.65 76.16 1.56 6.81
Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41
Southeast Asia 8/ 3.19 31.19 21.27 40.87 52.22 0.55 2.88
South Korea 2.06 0.16 11.56 9.40 11.74 0.00 2.05
Selected Other
China 213.46 303.47 18.24 249.75 342.08 0.01 193.09
================================================================================
WASDE - 669 - 21 March 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
================================================================================
2025/26 Proj.
World 3/
Feb 323.06 1590.43 236.00 979.42 1593.70 252.08 319.79
Mar 324.52 1593.13 237.29 980.03 1593.88 253.07 323.77
World Less China
Feb 129.97 1280.24 209.25 722.85 1244.80 252.06 138.69
Mar 131.44 1282.94 209.94 722.85 1244.38 253.05 142.67
United States
Feb 42.37 447.83 2.31 161.77 345.75 89.77 56.99
Mar 42.37 447.83 2.25 161.64 345.74 89.78 56.93
Total Foreign
Feb 280.69 1142.60 233.69 817.65 1247.95 162.31 262.80
Mar 282.16 1145.30 235.04 818.39 1248.15 163.29 266.84
Major Exporters 4/
Feb 28.74 341.00 5.06 145.40 212.97 137.59 24.25
Mar 29.72 343.90 5.02 145.33 212.96 138.26 27.41
Argentina
Feb 7.27 62.32 0.01 14.34 20.63 42.40 6.57
Mar 7.47 61.32 0.01 14.34 20.63 42.40 5.77
Australia
Feb 1.39 19.92 0.00 5.49 7.36 11.67 2.27
Mar 1.39 20.95 0.00 5.74 7.61 12.38 2.35
Brazil
Feb 11.42 137.61 2.70 72.20 104.28 43.09 4.37
Mar 12.19 139.10 2.65 72.13 104.26 43.09 6.60
Canada
Feb 3.48 29.48 2.12 15.99 24.42 6.39 4.26
Mar 3.48 29.41 2.12 15.93 24.36 6.34 4.30
Russia
Feb 1.41 39.05 0.10 22.43 31.00 7.33 2.23
Mar 1.41 39.05 0.10 22.43 31.00 7.33 2.23
Ukraine
Feb 1.40 35.58 0.01 7.70 10.35 24.50 2.14
Mar 1.40 37.02 0.01 7.52 10.17 24.51 3.75
Major Importers 5/
Feb 35.73 234.18 157.13 290.75 379.12 11.18 36.75
Mar 35.73 234.18 157.99 291.60 379.97 11.20 36.73
European Union 6/
Feb 14.50 141.31 20.77 112.60 151.54 9.77 15.27
Mar 14.50 141.31 20.77 112.65 151.59 9.79 15.20
Japan
Feb 1.53 0.25 16.91 13.45 17.16 0.00 1.53
Mar 1.53 0.25 16.91 13.45 17.16 0.00 1.53
Mexico
Feb 6.12 30.89 27.55 34.55 57.83 0.03 6.70
Mar 6.12 30.89 27.55 34.55 57.83 0.03 6.70
N. Afr & Mideast 7/
Feb 6.81 30.12 44.62 65.43 74.03 0.82 6.70
Mar 6.81 30.12 44.77 65.53 74.13 0.82 6.75
Saudi Arabia
Feb 1.41 0.27 8.87 8.83 9.17 0.00 1.39
Mar 1.41 0.27 8.87 8.83 9.17 0.00 1.39
Southeast Asia 8/
Feb 2.88 31.08 22.18 41.98 52.83 0.57 2.75
Mar 2.88 31.08 22.88 42.68 53.53 0.57 2.75
South Korea
Feb 2.05 0.16 11.61 9.39 11.78 0.00 2.04
Mar 2.05 0.16 11.61 9.39 11.78 0.00 2.04
China
Feb 193.09 310.19 26.75 256.58 348.90 0.03 181.10
Mar 193.09 310.19 27.35 257.18 349.50 0.03 181.10
================================================================================
WASDE - 669 - 22 March 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
================================================================================
2023/24
World 3/ 305.36 1231.13 197.60 769.93 1221.24 192.65 315.25
World Less China 99.34 942.29 174.27 544.93 914.24 192.65 104.06
United States 34.55 389.67 0.72 148.11 322.87 57.28 44.79
Total Foreign 270.81 841.46 196.88 621.81 898.37 135.38 270.46
Major Exporters 4/ 18.51 233.13 2.72 94.24 128.72 112.88 12.76
Argentina 2.32 51.60 0.01 11.00 15.20 36.26 2.48
Brazil 9.88 119.00 1.72 62.50 84.00 38.26 8.33
Russia 0.91 16.60 0.05 9.10 10.20 6.60 0.76
South Africa 2.41 13.43 0.94 7.04 13.84 2.27 0.65
Ukraine 3.00 32.50 0.01 4.60 5.48 29.49 0.54
Major Importers 5/ 21.04 123.52 102.77 160.25 220.90 5.01 21.41
Egypt 1.51 7.20 8.02 12.80 15.30 0.00 1.43
European Union 6/ 8.02 61.95 19.81 58.10 78.10 4.39 7.29
Japan 1.30 0.01 15.29 12.00 15.30 0.00 1.30
Mexico 4.88 23.55 24.22 25.70 47.00 0.02 5.63
Southeast Asia 7/ 2.88 30.62 19.29 37.90 49.00 0.60 3.19
South Korea 1.90 0.09 11.55 9.25 11.50 0.00 2.04
Selected Other
Canada 1.63 15.42 2.81 9.70 15.72 2.15 2.00
China 206.02 288.84 23.33 225.00 307.00 0.00 211.19
2024/25 Est.
World 3/ 315.25 1230.59 186.13 785.44 1250.02 187.38 295.82
World Less China 104.06 935.67 184.31 551.44 934.02 187.37 103.89
United States 44.79 378.27 0.55 138.55 311.60 72.60 39.40
Total Foreign 270.46 852.32 185.58 646.89 938.41 114.78 256.42
Major Exporters 4/ 12.76 243.86 1.96 99.50 140.60 96.16 21.82
Argentina 2.48 50.00 0.01 12.30 16.70 29.00 6.78
Brazil 8.33 136.00 1.76 65.00 92.50 42.24 11.36
Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91
South Africa 0.65 17.06 0.13 7.00 14.00 1.90 1.94
Ukraine 0.54 26.80 0.02 5.40 6.50 20.02 0.84
Major Importers 5/ 21.41 120.48 107.30 164.70 225.71 3.33 20.15
Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69
European Union 6/ 7.29 59.02 18.76 56.10 76.10 2.76 6.21
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/ 3.19 31.14 20.80 40.60 51.71 0.55 2.88
South Korea 2.04 0.09 11.44 9.35 11.55 0.00 2.03
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
================================================================================
WASDE - 669 - 23 March 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
================================================================================
2025/26 Proj.
World 3/
Feb 294.35 1295.91 192.08 814.63 1301.29 206.55 288.98
Mar 295.82 1297.44 192.72 814.50 1300.51 206.85 292.75
World Less China
Feb 102.42 994.67 184.08 575.63 980.29 206.53 108.83
Mar 103.89 996.20 184.72 575.50 979.51 206.83 112.60
United States
Feb 39.40 432.34 0.64 157.49 334.53 83.82 54.02
Mar 39.40 432.34 0.64 157.49 334.53 83.82 54.02
Total Foreign
Feb 254.95 863.57 191.44 657.15 966.75 122.73 234.96
Mar 256.42 865.09 192.08 657.01 965.97 123.02 238.72
Major Exporters 4/
Feb 20.85 244.00 1.67 100.70 145.00 107.20 14.32
Mar 21.82 245.70 1.67 100.60 144.90 107.20 17.09
Argentina
Feb 6.58 53.00 0.01 12.30 16.70 37.00 5.89
Mar 6.78 52.00 0.01 12.30 16.70 37.00 5.09
Brazil
Feb 10.58 131.00 1.60 66.00 96.50 43.00 3.68
Mar 11.36 132.00 1.60 65.50 96.00 43.00 5.96
Russia
Feb 0.91 14.50 0.05 10.30 11.40 3.00 1.06
Mar 0.91 14.50 0.05 10.30 11.40 3.00 1.06
South Africa
Feb 1.94 16.50 0.00 7.10 14.20 2.20 2.04
Mar 1.94 16.50 0.00 7.10 14.20 2.20 2.04
Ukraine
Feb 0.84 29.00 0.01 5.00 6.20 22.00 1.65
Mar 0.84 30.70 0.01 5.40 6.60 22.00 2.95
Major Importers 5/
Feb 20.15 120.59 109.35 166.45 227.40 2.40 20.29
Mar 20.15 120.59 110.05 167.15 228.10 2.40 20.29
Egypt
Feb 1.69 6.70 10.50 14.50 17.10 0.00 1.79
Mar 1.69 6.70 10.50 14.50 17.10 0.00 1.79
European Union 6/
Feb 6.21 56.95 19.50 54.90 75.00 1.80 5.86
Mar 6.21 56.95 19.50 54.90 75.00 1.80 5.86
Japan
Feb 1.37 0.02 15.50 12.20 15.50 0.00 1.39
Mar 1.37 0.02 15.50 12.20 15.50 0.00 1.39
Mexico
Feb 5.53 25.70 26.30 29.50 51.40 0.03 6.10
Mar 5.53 25.70 26.30 29.50 51.40 0.03 6.10
Southeast Asia 7/
Feb 2.88 31.03 21.50 41.50 52.10 0.57 2.74
Mar 2.88 31.03 22.20 42.20 52.80 0.57 2.74
South Korea
Feb 2.03 0.09 11.50 9.35 11.60 0.00 2.02
Mar 2.03 0.09 11.50 9.35 11.60 0.00 2.02
Canada
Feb 1.58 14.87 2.00 8.70 14.60 2.20 1.65
Mar 1.58 14.87 2.00 8.70 14.60 2.20 1.65
China
Feb 191.93 301.24 8.00 239.00 321.00 0.02 180.15
Mar 191.93 301.24 8.00 239.00 321.00 0.02 180.15
================================================================================
WASDE - 669 - 24 March 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
================================================================================
2023/24
World 3/ 181.02 523.93 53.54 524.74 56.75 180.21
World Less China 74.42 379.31 52.02 376.62 55.12 77.21
United States 0.96 6.92 1.41 4.88 3.15 1.27
Total Foreign 180.06 517.01 52.14 519.86 53.61 178.94
Major Exporters 4/ 46.57 207.19 3.77 165.10 42.62 49.81
Burma 1.55 12.30 0.01 9.90 2.75 1.22
India 35.00 137.83 0.00 116.40 14.42 42.00
Pakistan 2.04 9.87 0.02 4.00 6.53 1.40
Thailand 4.35 20.00 0.05 12.30 9.89 2.21
Vietnam 3.62 27.20 3.70 22.50 9.04 2.99
Major Importers 5/ 121.35 237.27 20.80 259.34 2.01 118.07
China 106.60 144.62 1.53 148.12 1.63 103.00
European Union 6/ 0.83 1.37 2.11 3.25 0.36 0.70
Indonesia 4.70 33.02 4.65 36.20 0.00 6.17
Nigeria 1.92 5.61 1.89 8.00 0.00 1.41
Philippines 3.38 12.33 4.50 16.80 0.00 3.40
Sel. Mideast 7/ 1.22 2.02 4.64 6.58 0.00 1.30
Selected Other
Brazil 0.62 7.20 0.96 7.10 0.97 0.71
C. Amer & Carib 8/ 0.60 1.28 1.87 3.15 0.06 0.54
Egypt 0.60 3.78 0.18 4.05 0.06 0.46
Japan 1.81 7.30 0.72 8.15 0.09 1.60
Mexico 0.12 0.15 0.85 0.99 0.02 0.12
South Korea 1.43 3.70 0.40 4.19 0.13 1.21
2024/25 Est.
World 3/ 180.21 541.65 57.80 530.64 61.47 191.22
World Less China 77.21 396.37 55.47 385.68 60.32 86.72
United States 1.27 7.05 1.57 5.30 2.87 1.71
Total Foreign 178.94 534.60 56.24 525.34 58.60 189.51
Major Exporters 4/ 49.81 219.21 3.60 169.97 46.45 56.20
Burma 1.22 11.90 0.01 9.60 2.57 0.95
India 42.00 150.00 0.00 121.17 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 26.75 3.53 22.60 8.06 2.60
Major Importers 5/ 118.07 239.53 22.56 257.61 1.51 121.05
China 103.00 145.28 2.34 144.96 1.15 104.50
European Union 6/ 0.70 1.60 2.53 3.50 0.34 0.99
Indonesia 6.17 34.10 0.82 35.50 0.00 5.59
Nigeria 1.41 5.77 3.30 8.30 0.00 2.18
Philippines 3.40 12.37 5.42 17.40 0.00 3.79
Sel. Mideast 7/ 1.30 2.28 4.91 6.85 0.00 1.63
Selected Other
Brazil 0.71 8.68 0.93 7.35 1.30 1.66
C. Amer & Carib 8/ 0.54 1.43 1.98 3.27 0.09 0.59
Egypt 0.46 3.90 0.16 4.05 0.15 0.31
Japan 1.60 7.29 0.84 8.13 0.06 1.55
Mexico 0.12 0.17 0.89 1.00 0.03 0.15
South Korea 1.21 3.59 0.33 4.18 0.19 0.75
================================================================================
WASDE - 669 - 25 March 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
================================================================================
2025/26 Proj.
World 3/
Feb 191.31 541.28 60.02 541.71 63.27 190.88
Mar 191.22 541.28 59.00 540.96 61.95 191.54
World Less China
Feb 86.81 394.95 56.92 394.68 61.37 85.88
Mar 86.72 394.95 55.90 393.93 60.05 86.54
United States
Feb 1.71 6.56 1.52 5.43 2.76 1.60
Mar 1.71 6.56 1.45 5.43 2.70 1.60
Total Foreign
Feb 189.59 534.72 58.51 536.28 60.51 189.28
Mar 189.51 534.71 57.55 535.53 59.25 189.94
Major Exporters 4/
Feb 56.15 219.80 4.18 175.95 47.80 56.38
Mar 56.20 219.80 3.98 175.95 46.60 57.43
Burma
Feb 0.95 12.00 0.01 9.40 2.60 0.95
Mar 0.95 12.00 0.01 9.40 2.60 0.95
India
Feb 48.00 152.00 0.00 127.00 25.00 48.00
Mar 48.00 152.00 0.00 127.00 24.00 49.00
Pakistan
Feb 1.91 9.40 0.02 4.20 5.10 2.03
Mar 1.91 9.40 0.02 4.20 5.10 2.03
Thailand
Feb 2.75 20.40 0.05 12.65 7.20 3.35
Mar 2.75 20.40 0.05 12.65 7.00 3.55
Vietnam
Feb 2.55 26.00 4.10 22.70 7.90 2.05
Mar 2.60 26.00 3.90 22.70 7.90 1.90
Major Importers 5/
Feb 121.09 240.85 22.45 261.13 2.34 120.92
Mar 121.05 240.85 22.25 261.13 2.34 120.68
China
Feb 104.50 146.33 3.10 147.03 1.90 105.00
Mar 104.50 146.33 3.10 147.03 1.90 105.00
European Union 6/
Feb 0.99 1.77 2.30 3.60 0.40 1.06
Mar 0.99 1.77 2.30 3.60 0.40 1.06
Indonesia
Feb 5.58 33.60 0.80 35.30 0.00 4.68
Mar 5.59 33.60 0.80 35.30 0.00 4.69
Nigeria
Feb 2.18 5.54 3.20 8.50 0.00 2.42
Mar 2.18 5.54 2.90 8.50 0.00 2.12
Philippines
Feb 3.79 12.30 4.60 17.60 0.00 3.09
Mar 3.79 12.30 4.40 17.60 0.00 2.89
Sel. Mideast 7/
Feb 1.68 2.23 5.05 7.25 0.00 1.71
Mar 1.63 2.23 5.05 7.25 0.00 1.66
Brazil
Feb 1.86 7.60 0.85 7.35 1.35 1.61
Mar 1.66 7.60 0.85 7.35 1.35 1.41
C. Amer & Carib 8/
Feb 0.63 1.43 2.04 3.35 0.08 0.68
Mar 0.59 1.42 2.04 3.33 0.08 0.63
Egypt
Feb 0.31 4.20 0.13 4.10 0.15 0.39
Mar 0.31 4.20 0.18 4.15 0.15 0.39
Japan
Feb 1.55 7.54 0.80 8.13 0.09 1.67
Mar 1.55 7.54 0.80 8.13 0.09 1.67
Mexico
Feb 0.14 0.19 0.90 1.02 0.01 0.20
Mar 0.15 0.19 0.85 1.02 0.01 0.16
South Korea
Feb 0.75 3.54 0.41 3.85 0.18 0.67
Mar 0.75 3.54 0.41 3.85 0.18 0.67
================================================================================
WASDE - 669 - 26 March 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
================================================================================
2023/24
World 75.86 112.23 44.05 114.99 44.06 -0.21 73.30
World Less China 42.50 84.88 29.08 76.09 44.00 -0.21 36.59
United States 4.65 12.07 3/ 1.85 11.75 -0.03 3.15
Total Foreign 71.21 100.17 44.05 113.14 32.31 -0.18 70.15
Major Exporters 4/ 27.24 57.93 1.63 34.60 28.25 -0.18 24.12
Central Asia 5/ 3.62 5.00 0.05 3.90 1.65 0.00 3.13
Afr. Fr. Zone 6/ 0.96 5.02 3/ 0.10 4.59 0.00 1.29
S. Hemis. 7/ 11.37 22.03 0.15 4.44 19.24 -0.18 10.04
Australia 4.81 5.00 3/ 0.00 5.76 -0.18 4.22
Brazil 3.93 14.57 0.01 3.37 12.31 0.00 2.83
India 10.82 25.40 0.89 25.50 2.31 0.00 9.30
Major Importers 8/ 41.78 39.61 39.95 74.49 2.99 0.00 43.86
Mexico 0.38 0.87 0.70 1.50 0.20 0.00 0.24
China 33.36 27.35 14.97 38.90 0.06 0.00 36.71
European Union 9/ 0.40 1.04 0.47 0.51 1.14 0.00 0.27
Turkey 2.63 3.19 3.57 6.60 1.39 0.00 1.40
Pakistan 1.53 7.00 3.20 9.70 0.18 0.00 1.85
Indonesia 0.36 3/ 1.85 1.80 0.01 0.00 0.40
Thailand 0.14 3/ 0.40 0.45 0.00 0.00 0.09
Bangladesh 1.73 0.16 7.58 7.75 0.00 0.00 1.71
Vietnam 1.05 3/ 6.59 6.60 0.00 0.00 1.03
2024/25 Est.
World 73.30 118.54 43.03 118.94 42.41 -0.22 73.76
World Less China 36.59 86.54 37.85 79.94 42.35 -0.22 38.92
United States 3.15 14.41 3/ 1.70 11.90 -0.03 4.00
Total Foreign 70.15 104.13 43.03 117.24 30.51 -0.19 69.76
Major Exporters 4/ 24.12 58.02 4.29 34.70 26.54 -0.19 25.37
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/ 10.04 24.70 0.15 4.49 19.14 -0.19 11.44
Australia 4.22 5.60 3/ 0.00 5.23 -0.19 4.79
Brazil 2.83 17.00 3/ 3.39 13.02 0.00 3.42
India 9.30 23.20 3.04 25.00 1.33 0.00 9.22
Major Importers 8/ 43.86 43.35 35.92 78.00 3.01 0.00 42.11
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 1.26 0.00 0.20
Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28
Pakistan 1.85 5.00 6.10 10.80 0.05 0.00 2.10
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
================================================================================
WASDE - 669 - 27 March 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
================================================================================
2025/26 Proj.
World
Feb 73.76 119.86 43.71 118.72 43.71 -0.22 75.11
Mar 73.76 120.99 43.91 118.58 43.91 -0.22 76.39
World Less China
Feb 38.92 84.86 38.11 79.72 43.64 -0.22 38.75
Mar 38.92 85.49 38.31 79.08 43.84 -0.22 40.02
United States
Feb 4.00 13.92 0.01 1.60 12.00 -0.08 4.40
Mar 4.00 13.92 0.01 1.60 12.00 -0.08 4.40
Total Foreign
Feb 69.76 105.94 43.70 117.12 31.71 -0.14 70.71
Mar 69.76 107.08 43.90 116.98 31.91 -0.14 71.99
Major Exporters 4/
Feb 25.37 58.13 4.65 34.83 28.31 -0.16 25.18
Mar 25.37 58.76 5.45 34.83 28.51 -0.16 26.41
Central Asia 5/
Feb 2.91 4.81 0.20 3.94 1.42 0.00 2.57
Mar 2.91 4.81 0.20 3.94 1.42 0.00 2.57
Afr. Fr. Zone 6/
Feb 1.37 4.03 3/ 0.11 4.07 0.00 1.23
Mar 1.37 4.03 3/ 0.11 4.07 0.00 1.23
S. Hemis. 7/
Feb 11.44 25.37 0.15 4.51 21.08 -0.16 11.53
Mar 11.44 26.01 0.15 4.51 21.28 -0.16 11.96
Australia
Feb 4.79 4.50 3/ 0.00 5.50 -0.16 3.95
Mar 4.79 4.50 3/ 0.00 5.70 -0.16 3.75
Brazil
Feb 3.42 18.75 0.01 3.40 14.50 0.00 4.27
Mar 3.42 19.50 0.01 3.40 14.50 0.00 5.02
India
Feb 9.22 23.50 3.20 25.00 1.40 0.00 9.52
Mar 9.22 23.50 4.00 25.00 1.40 0.00 10.32
Major Importers 8/
Feb 42.11 44.92 36.12 77.65 2.29 0.02 43.19
Mar 42.11 45.42 35.62 77.60 2.29 0.02 43.24
Mexico
Feb 0.31 0.57 0.70 1.30 0.10 0.02 0.16
Mar 0.31 0.57 0.65 1.20 0.10 0.02 0.21
China
Feb 34.84 35.00 5.60 39.00 0.08 0.00 36.36
Mar 34.84 35.50 5.60 39.50 0.08 0.00 36.36
European Union 9/
Feb 0.20 1.20 0.45 0.48 1.14 0.00 0.22
Mar 0.20 1.20 0.45 0.48 1.14 0.00 0.22
Turkey
Feb 1.28 3.00 4.50 6.80 0.90 0.00 1.08
Mar 1.28 3.00 4.50 6.80 0.90 0.00 1.08
Pakistan
Feb 2.10 5.00 5.70 10.80 0.05 0.00 1.95
Mar 2.10 5.00 5.50 10.60 0.05 0.00 1.95
Indonesia
Feb 0.41 3/ 1.95 1.95 0.02 0.00 0.40
Mar 0.41 3/ 1.90 1.90 0.02 0.00 0.40
Thailand
Feb 0.11 3/ 0.48 0.48 0.00 0.00 0.11
Mar 0.11 3/ 0.48 0.48 0.00 0.00 0.11
Bangladesh
Feb 1.71 0.15 8.00 8.10 0.00 0.00 1.77
Mar 1.71 0.15 7.90 8.00 0.00 0.00 1.77
Vietnam
Feb 1.02 3/ 8.10 8.10 0.00 0.00 1.02
Mar 1.02 3/ 8.00 8.00 0.00 0.00 1.02
================================================================================
WASDE - 669 - 28 March 2026
World Soybean Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic Ending
Stocks tion Imports Crush Total Exports Stocks
================================================================================
2023/24
World 2/ 101.78 396.40 178.42 331.16 383.69 177.84 115.08
World Less China 69.44 375.56 66.42 232.16 261.89 177.77 71.77
United States 7.19 113.27 0.57 62.20 65.44 46.27 9.32
Total Foreign 94.59 283.13 177.85 268.97 318.25 131.57 105.76
Major Exporters 3/ 54.26 217.00 8.67 94.14 105.49 120.02 54.43
Argentina 17.00 48.21 7.79 36.58 43.83 5.11 24.05
Brazil 36.80 154.50 0.87 54.41 58.26 104.19 29.72
Paraguay 0.37 11.00 0.01 3.00 3.10 7.99 0.29
Major Importers 4/ 35.03 24.57 144.12 126.74 157.15 0.35 46.21
China 32.34 20.84 112.00 99.00 121.80 0.07 43.31
European Union 1.26 2.81 13.47 14.50 16.00 0.25 1.29
Southeast Asia 5/ 0.68 0.47 9.09 4.35 9.40 0.02 0.83
Mexico 0.56 0.20 6.46 6.53 6.60 0.01 0.62
2024/25 Est.
World 2/ 115.08 427.19 179.20 359.04 413.40 184.22 123.84
World Less China 71.77 406.54 71.20 255.54 286.00 184.15 79.35
United States 9.32 119.05 0.79 66.55 69.09 51.23 8.84
Total Foreign 105.76 308.15 178.41 292.49 344.31 133.00 115.00
Major Exporters 3/ 54.43 237.01 7.07 105.14 116.24 121.12 61.14
Argentina 24.05 51.11 6.32 43.24 50.04 7.87 23.57
Brazil 29.72 171.50 0.73 58.00 62.00 103.14 36.81
Paraguay 0.29 10.20 0.00 3.70 3.80 6.41 0.29
Major Importers 4/ 46.21 24.58 142.49 133.15 164.79 0.42 48.06
China 43.31 20.65 108.00 103.50 127.40 0.07 44.49
European Union 1.29 2.93 14.71 15.40 17.00 0.33 1.60
Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.18 0.01 1.18
Mexico 0.62 0.28 6.43 6.65 6.74 0.00 0.59
2025/26 Proj.
World 2/
Feb 123.66 428.18 185.99 368.03 424.74 187.57 125.51
Mar 123.84 427.18 185.61 367.96 424.16 187.17 125.31
World Less China
Feb 79.17 407.28 73.99 260.03 291.84 187.47 81.13
Mar 79.35 406.28 73.61 259.96 291.26 187.07 80.92
United States
Feb 8.84 115.99 0.54 69.94 72.99 42.86 9.52
Mar 8.84 115.99 0.68 70.08 73.13 42.86 9.52
Total Foreign
Feb 114.82 312.19 185.45 298.09 351.75 144.70 116.00
Mar 115.00 311.19 184.93 297.88 351.03 144.30 115.79
Major Exporters 3/
Feb 60.94 243.10 8.03 105.77 117.65 132.85 61.58
Mar 61.14 242.60 8.03 105.77 117.35 132.85 61.58
Argentina
Feb 23.37 48.50 7.50 41.00 48.20 8.25 22.92
Mar 23.57 48.00 7.50 41.00 47.90 8.25 22.92
Brazil
Feb 36.81 180.00 0.50 61.00 65.40 114.00 37.91
Mar 36.81 180.00 0.50 61.00 65.40 114.00 37.91
Paraguay
Feb 0.29 11.50 0.02 3.60 3.73 7.70 0.38
Mar 0.29 11.50 0.02 3.60 3.73 7.70 0.38
Major Importers 4/
Feb 48.07 24.63 146.75 137.96 170.91 0.43 48.12
Mar 48.06 24.63 146.74 137.95 170.90 0.43 48.11
China
Feb 44.49 20.90 112.00 108.00 132.90 0.10 44.39
Mar 44.49 20.90 112.00 108.00 132.90 0.10 44.39
European Union
Feb 1.60 2.79 14.00 15.00 16.52 0.30 1.57
Mar 1.60 2.79 14.00 15.00 16.52 0.30 1.57
Southeast Asia 5/
Feb 1.19 0.42 10.95 5.81 11.26 0.02 1.29
Mar 1.18 0.42 10.94 5.80 11.24 0.02 1.27
Mexico
Feb 0.59 0.28 6.70 6.80 6.89 0.01 0.68
Mar 0.59 0.28 6.70 6.80 6.89 0.01 0.68
================================================================================
WASDE - 669 - 29 March 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
================================================================================
2023/24
World 2/ 14.14 259.98 69.58 254.90 74.14 14.65
World Less China 13.20 181.57 69.55 177.75 72.71 13.86
United States 0.34 49.08 0.62 35.07 14.56 0.41
Total Foreign 13.81 210.90 68.96 219.83 59.58 14.24
Major Exporters 3/ 6.31 79.43 0.05 30.58 49.58 5.64
Argentina 2.30 28.54 0.00 3.50 24.89 2.44
Brazil 3.82 41.86 0.02 20.00 22.72 2.97
India 0.20 9.04 0.03 7.08 1.97 0.22
Major Importers 4/ 1.64 21.78 38.40 58.58 0.87 2.36
European Union 0.47 11.46 16.54 26.94 0.65 0.88
Mexico 0.15 5.16 1.94 7.08 0.00 0.16
Southeast Asia 5/ 0.98 3.39 18.10 21.04 0.22 1.21
China 0.94 78.41 0.03 77.15 1.43 0.79
2024/25 Est.
World 2/ 14.65 281.91 77.68 272.61 83.04 18.59
World Less China 13.86 199.94 77.63 191.76 82.03 17.64
United States 0.41 53.02 0.73 37.23 16.57 0.36
Total Foreign 14.24 228.89 76.94 235.38 66.47 18.22
Major Exporters 3/ 5.64 86.79 0.29 30.83 54.95 6.95
Argentina 2.44 33.72 0.28 3.53 29.78 3.14
Brazil 2.97 44.27 0.01 20.30 23.39 3.55
India 0.22 8.80 0.01 7.00 1.78 0.25
Major Importers 4/ 2.36 23.28 44.01 65.08 1.05 3.51
European Union 0.88 12.17 20.61 31.24 0.65 1.76
Mexico 0.16 5.26 2.35 7.45 0.00 0.31
Southeast Asia 5/ 1.21 3.99 19.44 22.91 0.40 1.33
China 0.79 81.97 0.05 80.85 1.02 0.94
2025/26 Proj.
World 2/
Feb 18.73 288.94 80.41 284.58 83.99 19.51
Mar 18.59 289.07 80.40 284.74 83.99 19.33
World Less China
Feb 17.79 203.41 80.31 200.43 82.79 18.28
Mar 17.64 203.54 80.30 200.59 82.79 18.10
United States
Feb 0.36 55.11 0.66 38.12 17.60 0.41
Mar 0.36 55.41 0.73 38.49 17.60 0.41
Total Foreign
Feb 18.37 233.83 79.75 246.46 66.39 19.10
Mar 18.22 233.66 79.68 246.25 66.39 18.92
Major Exporters 3/
Feb 6.97 86.49 0.43 31.78 55.35 6.77
Mar 6.95 86.49 0.43 31.78 55.35 6.74
Argentina
Feb 3.17 31.98 0.17 3.60 29.00 2.72
Mar 3.14 31.98 0.17 3.60 29.00 2.69
Brazil
Feb 3.55 47.09 0.01 21.30 25.50 3.86
Mar 3.55 47.09 0.01 21.30 25.50 3.86
India
Feb 0.25 7.42 0.25 6.88 0.85 0.20
Mar 0.25 7.42 0.25 6.88 0.85 0.20
Major Importers 4/
Feb 3.54 23.51 44.05 66.64 0.88 3.58
Mar 3.51 23.51 44.05 66.72 0.88 3.46
European Union
Feb 1.76 11.85 19.45 30.94 0.60 1.52
Mar 1.76 11.85 19.45 30.94 0.60 1.52
Mexico
Feb 0.31 5.37 2.55 7.90 0.00 0.33
Mar 0.31 5.37 2.55 7.90 0.00 0.33
Southeast Asia 5/
Feb 1.36 4.53 20.35 24.34 0.28 1.62
Mar 1.33 4.52 20.35 24.42 0.28 1.50
China
Feb 0.94 85.54 0.10 84.15 1.20 1.23
Mar 0.94 85.54 0.10 84.15 1.20 1.23
================================================================================
WASDE - 669 - 30 March 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
================================================================================
2023/24
World 2/ 5.90 63.99 10.54 62.88 11.81 5.75
World Less China 4.89 45.18 10.16 43.98 11.71 4.55
United States 0.73 12.29 0.28 12.32 0.28 0.70
Total Foreign 5.18 51.70 10.26 50.57 11.53 5.04
Major Exporters 3/ 1.99 21.63 0.68 14.68 8.05 1.58
Argentina 0.72 7.25 0.00 1.77 5.53 0.67
Brazil 0.59 11.06 0.08 10.20 1.35 0.18
European Union 0.60 2.76 0.59 2.63 0.66 0.66
Major Importers 4/ 1.93 22.16 5.41 27.01 0.26 2.24
China 1.01 18.81 0.38 18.90 0.10 1.20
India 0.60 2.03 3.31 5.18 0.02 0.75
North Africa 5/ 0.30 0.96 1.15 2.00 0.14 0.27
2024/25 Est.
World 2/ 5.75 70.07 14.05 68.26 15.19 6.41
World Less China 4.55 49.97 13.76 47.76 14.87 5.63
United States 0.70 13.25 0.16 12.20 1.13 0.79
Total Foreign 5.04 56.81 13.89 56.06 14.06 5.62
Major Exporters 3/ 1.58 24.08 0.95 15.47 9.91 1.24
Argentina 0.67 8.63 0.11 1.98 7.10 0.32
Brazil 0.18 11.83 0.09 10.41 1.49 0.19
European Union 0.66 2.93 0.76 3.01 0.70 0.63
Major Importers 4/ 2.24 23.64 7.85 30.52 0.51 2.71
China 1.20 20.10 0.30 20.50 0.32 0.78
India 0.75 1.98 5.47 6.65 0.03 1.53
North Africa 5/ 0.27 1.23 1.29 2.27 0.17 0.34
2025/26 Proj.
World 2/
Feb 6.41 71.45 12.72 70.55 13.90 6.13
Mar 6.41 71.40 12.78 70.49 13.90 6.20
World Less China
Feb 5.63 50.47 12.42 50.05 13.40 5.08
Mar 5.63 50.43 12.48 49.99 13.40 5.15
United States
Feb 0.79 13.58 0.17 13.20 0.54 0.80
Mar 0.79 13.57 0.17 13.18 0.54 0.81
Total Foreign
Feb 5.62 57.87 12.55 57.35 13.35 5.33
Mar 5.62 57.83 12.62 57.32 13.35 5.40
Major Exporters 3/
Feb 1.24 24.15 0.80 15.77 9.10 1.32
Mar 1.24 24.15 0.80 15.72 9.10 1.37
Argentina
Feb 0.32 8.18 0.05 1.98 6.15 0.42
Mar 0.32 8.18 0.05 1.98 6.15 0.42
Brazil
Feb 0.19 12.44 0.10 10.95 1.50 0.28
Mar 0.19 12.44 0.10 10.95 1.50 0.28
European Union
Feb 0.63 2.85 0.65 2.76 0.85 0.53
Mar 0.63 2.85 0.65 2.71 0.85 0.58
Major Importers 4/
Feb 2.71 24.32 6.62 30.64 0.70 2.31
Mar 2.71 24.32 6.62 30.64 0.70 2.31
China
Feb 0.78 20.97 0.30 20.50 0.50 1.05
Mar 0.78 20.97 0.30 20.50 0.50 1.05
India
Feb 1.53 1.67 4.25 6.57 0.02 0.86
Mar 1.53 1.67 4.25 6.57 0.02 0.86
North Africa 5/
Feb 0.34 1.29 1.37 2.50 0.18 0.33
Mar 0.34 1.29 1.37 2.50 0.18 0.33
================================================================================
WASDE - 669 - 31 March 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
2024
Annual 26984 27789 54947 46995 5121 52679 107626 9076 225.9
2025
I 6543 6956 13540 11571 1146 12835 26376 2148 56.9
II 6453 6706 13201 11885 1181 13192 26393 2153 58.8
III 6359 6614 13010 12432 1275 13850 26860 2217 58.2
IV 6646 7301 13986 12118 1242 13482 27468 2248 57.8
Feb Est. 26001 27577 53737 48003 4844 53356 107093 8653 231.5
Mar Est. 26001 27577 53737 48006 4844 53359 107097 8765 231.7
2026
I* 6195 7060 13293 11800 1190 13120 26413 2215 58.4
II* 6485 6840 13367 12100 1200 13440 26807 2265 59.7
III* 6485 6900 13422 12500 1250 13890 27312 2325 58.5
IV* 6645 7475 14159 12300 1290 13725 27884 2350 58.0
FebProj. 25920 28275 54353 48500 4965 54010 108363 9175 234.5
MarProj. 25810 28275 54241 48700 4930 54175 108416 9155 234.7
================================================================================
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
2024
Annual 187.12 63.41 129.4 93.7 303.1 22.55
2025
I 205.02 63.59 130.8 94.8 675.3 23.23
II 225.22 69.69 135.9 119.3 344.4 21.20
III 239.62 77.05 121.9 156.8 283.0 20.70
IV 227.62 64.87 110.5 172.2 192.0 19.57
Feb Est. 224.37 68.80 124.8 135.8 373.7 21.17
Mar Est. 224.37 68.80 124.8 135.8 373.7 21.17
2026
I* 240.00 65.00 120.0 167.0 120.0 18.30
II* 241.00 74.00 126.0 155.0 115.0 19.90
III* 242.00 77.00 125.0 150.0 105.0 20.20
IV* 245.00 65.00 125.0 150.0 130.0 20.30
FebProj. 240.0 69.0 125.0 154.0 125.0 18.95
MarProj. 242.0 70.0 124.0 156.0 118.0 19.70
================================================================================
WASDE - 669 - 32 March 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
2024 638 27051 4635 32324 3007 602 28714 59.1
2025 Est.
Feb 602 26067 5394 32063 2568 581 28914 59.2
Mar 602 26067 5471 32140 2577 577 28986 59.3
2026 Proj.
Feb 581 25987 5575 32142 2425 560 29157 59.5
Mar 577 25877 5675 32128 2395 560 29173 59.6
Pork
2024 471 27804 1148 29422 7125 435 21862 49.9
2025 Est.
Feb 435 27592 1112 29139 6982 433 21723 49.3
Mar 435 27592 1116 29143 6970 430 21743 49.3
2026 Proj.
Feb 433 28289 1145 29868 7135 430 22303 50.5
Mar 430 28289 1145 29864 7185 430 22249 50.3
TotalRed
Meat5/
2024 1130 55038 6148 62316 10137 1058 51121 110.4
2025 Est.
Feb 1058 53828 6871 61757 9557 1031 51169 109.9
Mar 1058 53828 6959 61845 9554 1024 51268 110.1
2026 Proj.
Feb 1031 54444 7090 62565 9567 1011 51986 111.4
Mar 1024 54332 7210 62566 9586 1008 51972 111.3
Broiler
2024 835 46492 150 47477 6680 761 40035 101.1
2025 Est.
Feb 761 47490 152 48403 6660 792 40951 102.9
Mar 761 47493 152 48406 6672 786 40948 102.9
2026 Proj.
Feb 792 47981 132 48905 6670 785 41450 103.8
Mar 786 48179 132 49097 6670 785 41642 104.3
Turkey
2024 243 5121 37 5401 486 219 4697 13.8
2025 Est.
Feb 219 4844 38 5101 417 165 4519 13.2
Mar 219 4844 38 5101 425 175 4501 13.2
2026 Proj.
Feb 165 4965 40 5170 400 190 4580 13.4
Mar 175 4930 40 5145 400 190 4555 13.3
Total
Poultry6/
2024 1085 52175 190 53451 7187 985 45279 116.5
2025 Est.
Feb 985 52842 192 54019 7121 968 45930 117.4
Mar 985 52845 193 54023 7143 973 45907 117.4
2026 Proj.
Feb 968 53490 174 54633 7118 984 46531 118.7
Mar 973 53653 174 54800 7118 984 46698 119.1
RedMeat& Poultry
2024 2215 107214 6338 115767 17324 2043 96400 226.9
2025 Est.
Feb 2043 106670 7063 115776 16677 2000 97099 227.3
Mar 2043 106673 7152 115868 16697 1997 97175 227.4
2026 Proj.
Feb 2000 107934 7264 117198 16685 1995 98517 230.0
Mar 1997 107985 7384 117366 16704 1992 98670 230.4
================================================================================
WASDE - 669 - 33 March 2026
U.S. Egg Supply and Use
================================================================================
2023 2024 2025 Est. 2025 Est. 2026Proj. 2026Proj.
Commodity Feb Mar Feb Mar
================================================================================
Million Dozen
Eggs
Supply
BeginningStocks 18.8 23.1 14.2 14.2 17.6 17.1
Production 9151.2 9076.2 8653.4 8765.0 9175.0 9155.0
Imports 27.5 30.1 122.5 121.0 40.0 40.0
Total Supply 9197.4 9129.4 8790.1 8900.2 9232.6 9212.1
Use
Exports 250.5 236.7 204.9 203.3 260.0 260.0
Hatching Use 1120.4 1148.2 1163.8 1163.8 1170.0 1170.0
Ending Stocks 23.1 14.2 17.6 17.1 21.0 21.0
Disappearance
Total 7803.5 7730.3 7403.9 7516.0 7781.6 7761.1
Per Capita (number) 277.8 272.8 259.8 263.8 272.3 271.6
================================================================================
U.S. Milk Supply and Use
================================================================================
2023 2024 2025 Est. 2025 Est. 2026Proj. 2026Proj.
Commodity Feb Mar Feb Mar
================================================================================
Billion Pounds
Milk
Production 226.3 225.9 231.5 231.7 234.5 234.7
Farm Use 1.0 1.0 1.0 1.0 1.0 1.0
FatBasisSupply
BeginningStocks 14.4 13.8 13.1 13.1 12.8 12.6
Marketings 225.3 224.9 230.5 230.7 233.5 233.7
Imports 7.4 9.1 7.5 7.4 8.0 8.2
Total Supply 247.1 247.8 251.0 251.1 254.3 254.5
FatBasisUse
Exports 10.5 11.8 16.6 16.7 17.5 18.0
Ending Stocks 13.8 13.1 12.8 12.6 13.1 13.1
Domestic Use 222.8 222.9 221.7 221.7 223.7 223.4
Skim-solidBasisSupply
BeginningStocks 11.7 9.8 9.4 9.4 9.2 9.2
Marketings 225.3 224.9 230.5 230.7 233.5 233.7
Imports 6.3 6.8 6.8 6.9 7.0 7.0
Total Supply 243.3 241.5 246.7 247.0 249.7 249.8
Skim-solidBasisUse
Exports 49.9 48.9 48.0 48.2 48.0 48.3
Ending Stocks 9.8 9.4 9.2 9.2 9.0 9.0
Domestic Use 183.6 183.3 189.5 189.6 192.7 192.6
================================================================================
WASDE - 669 - 34 March 2026
U.S. Dairy Prices
================================================================================
Commod- 2023 2024 2025 Est. 2025 Est. 2026 Proj. 2026 Proj.
ity Feb Mar Feb Mar
================================================================================
Dollars Per Pound
Product Prices 1/
Cheese 1.7593 1.8634 1.7878 1.7878 1.605 1.615
Butter 2.6170 2.8870 2.2202 2.2202 1.680 1.870
Nonfat Dry
Milk 1.1856 1.2420 1.2348 1.2348 1.315 1.390
Dry Whey 0.3618 0.4913 0.5956 0.5956 0.690 0.660
Milk Prices 2/ Dollars Per Cwt
ClassIII 17.02 18.89 18.01 18.01 16.65 16.65
Class IV 19.12 20.75 17.38 17.38 15.70 17.15
All Milk
3/ 20.34 22.55 21.17 21.17 18.95 19.70
================================================================================
WASDE - 669 - 35 March 2026
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 33 11
U.S. 0.2 0.3 0.1 0.0 0.3 20 12
Foreign 0.6 1.0 2.4 0.1 8.0 33 11
Exports
World 4.1 7.0 4.4 0.0 17.0 36 8
U.S. 3.0 5.1 0.7 0.0 2.4 22 21
Foreign 5.0 8.4 4.3 0.1 16.0 34 10
Domestic Use
World 0.9 1.5 4.3 0.2 12.2 19 25
U.S. 3.6 6.1 0.9 0.0 2.4 15 29
Foreign 0.9 1.5 4.1 0.1 11.5 24 20
Ending Stocks
World 4.0 6.8 5.6 0.2 14.1 31 13
U.S. 7.7 13.0 1.1 0.0 4.5 29 15
Foreign 4.3 7.2 4.9 0.0 13.5 30 13
COARSE GRAINS 2/
Production
World 1.2 2.0 10.5 0.5 35.1 36 8
U.S. 0.2 0.3 0.2 0.0 1.8 18 12
Foreign 1.6 2.8 10.5 0.5 35.1 36 8
Exports
World 5.0 8.4 5.3 0.0 24.2 30 14
U.S. 8.3 14.0 3.6 0.0 9.5 22 22
Foreign 8.0 13.5 5.2 0.1 21.5 28 16
Domestic Use
World 0.9 1.6 7.2 0.1 24.2 26 18
U.S. 2.8 4.7 4.1 0.2 17.3 17 27
Foreign 1.1 1.9 7.2 0.4 24.6 29 15
Ending Stocks
World 9.8 16.6 13.0 0.6 143.8 38 6
U.S. 13.3 22.3 4.5 0.1 15.3 24 20
Foreign 12.1 20.3 11.1 0.5 142.1 40 4
RICE, milled
Production
World 1.3 2.2 3.6 0.2 13.8 33 11
U.S. 1.2 2.0 0.0 0.0 0.2 11 6
Foreign 1.3 2.2 3.6 0.1 13.8 33 11
Exports
World 7.8 13.1 1.6 0.1 5.3 34 10
U.S. 7.2 12.0 0.2 0.0 0.5 21 20
Foreign 8.7 14.6 1.6 0.1 4.9 33 11
Domestic Use
World 1.1 1.9 3.2 0.2 13.9 30 14
U.S. 6.8 11.4 0.2 0.0 0.5 18 25
Foreign 1.1 1.9 3.1 0.2 13.5 30 14
Ending Stocks
World 8.2 13.8 5.1 0.5 25.8 31 13
U.S. 18.1 30.4 0.2 0.0 0.4 23 19
Foreign 8.5 14.3 5.1 0.3 25.7 31 13
================================================================================
WASDE - 669 - 36 March 2026
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 2.1 3.6 3.4 0.1 12.4 23 21
U.S. 1.3 2.2 0.7 0.0 3.2 19 18
Foreign 3.5 5.9 3.3 0.1 12.6 24 20
Exports
World 5.3 9.0 3.0 0.0 12.8 29 14
U.S. 6.2 10.5 1.6 0.1 6.7 30 14
Foreign 13.7 23.1 2.8 0.1 16.8 22 22
Domestic Use
World 2.0 3.4 3.1 0.0 11.4 22 22
U.S. 2.8 4.8 1.1 0.0 3.0 27 16
Foreign 2.3 3.9 2.6 0.1 12.8 21 23
Ending Stocks
World 12.5 21.1 3.9 0.1 16.4 24 20
U.S. 38.4 64.7 1.9 0.1 7.2 14 30
Foreign 13.4 22.6 3.6 0.1 17.1 29 15
COTTON
Production
World 1.8 3.0 1.3 0.0 5.2 26 16
U.S. 0.9 1.6 0.1 0.0 0.3 14 28
Foreign 2.1 3.6 1.3 0.0 5.3 26 17
Exports
World 5.2 8.7 1.4 0.0 6.5 23 20
U.S. 6.4 10.8 0.5 0.0 1.7 20 23
Foreign 6.8 11.5 1.2 0.0 5.8 25 19
Domestic Use
World 3.2 5.5 2.0 0.0 16.1 23 21
U.S. 7.0 11.8 0.2 0.0 0.9 21 19
Foreign 4.0 6.7 2.2 0.1 15.3 24 20
Ending Stocks
World 8.7 14.7 3.8 0.2 16.2 25 19
U.S. 17.9 30.1 0.6 0.0 2.2 16 28
Foreign 9.4 15.8 3.6 0.0 14.0 27 17
================================================================================
WASDE - 669 - 37 March 2026
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 7 0 72 2 7
Exports 8.6 14.4 129 13 380 21 23
Domestic Use 2.7 4.6 144 9 474 18 26
Ending Stocks 14.8 24.9 175 3 713 25 19
SORGHUM
Production 0.1 0.2 0 0 4 0 2
Exports 14.0 23.5 24 0 90 26 16
Domestic Use 15.0 25.2 29 1 178 18 26
Ending Stocks 40.0 67.4 22 1 148 17 27
BARLEY
Production 0.9 1.6 1 0 11 22 4
Exports 29.0 48.8 5 0 20 16 24
Domestic Use 7.0 11.8 14 0 70 19 23
Ending Stocks 14.3 24.0 13 1 53 27 17
OATS
Production 0.4 0.6 0 0 2 5 4
Exports 32.5 54.8 0 0 3 7 6
Domestic Use 5.2 8.8 10 0 36 16 27
Ending Stocks 16.3 27.4 10 0 47 25 17
Thousand Short Tons
SOYBEAN MEAL
Production 2.8 4.8 875 46 2917 30 14
Exports 8.5 14.3 608 1 2426 35 9
Domestic Use 2.4 4.1 577 41 2066 29 15
Ending Stocks 33.0 55.6 63 0 253 18 23
Million Pounds
SOYBEAN OIL
Production 2.7 4.6 402 7 1173 32 12
Exports 21.8 36.7 283 0 877 27 16
Domestic Use 2.3 3.9 316 9 760 27 17
Ending Stocks 17.4 29.3 251 17 721 25 19
ANIMAL PROD. 3/ Million Pounds
Beef 2.5 4.3 538 77 1613 27 16
Pork 2.8 4.7 367 5 1667 23 20
Broilers 1.5 2.6 365 16 1501 25 18
Turkeys 3.1 5.2 127 3 447 18 25
Million Dozen
Eggs 1.9 3.2 108 3 534 23 20
Billion Pounds
Milk 1.3 2.2 1.7 0.1 5.3 24 19
================================================================================