WASDE - 565 - 8 May 2017 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/ 2015/16 2467.12 3046.12 377.07 2439.19 606.93 2016/17 (Est.) 2592.72 3199.65 416.95 2566.25 633.40 2017/18 (Proj.) Apr NA NA NA NA NA May 2530.95 3164.35 406.45 2564.91 599.44 Wheat 2015/16 737.00 954.50 172.85 712.08 242.42 2016/17 (Est.) 753.09 995.51 179.74 740.16 255.35 2017/18 (Proj.) Apr NA NA NA NA NA May 737.83 993.18 178.35 734.89 258.29 Coarse Grains 5/ 2015/16 1258.29 1504.76 163.69 1255.94 248.82 2016/17 (Est.) 1358.09 1606.91 195.79 1347.42 259.49 2017/18 (Proj.) Apr NA NA NA NA NA May 1311.83 1571.32 185.93 1349.93 221.38 Rice, milled 2015/16 471.83 586.86 40.52 471.17 115.69 2016/17 (Est.) 481.54 597.23 41.42 478.67 118.56 2017/18 (Proj.) Apr NA NA NA NA NA May 481.30 599.86 42.17 480.09 119.77 United States Total Grains 4/ 2015/16 429.26 506.00 81.59 348.28 76.14 2016/17 (Est.) 472.57 556.11 94.18 366.58 95.35 2017/18 (Proj.) Apr NA NA NA NA NA May 426.31 529.36 83.56 363.25 82.55 Wheat 2015/16 56.12 79.67 21.09 32.02 26.55 2016/17 (Est.) 62.86 92.54 28.17 32.82 31.55 2017/18 (Proj.) Apr NA NA NA NA NA May 49.54 84.49 27.22 32.41 24.86 Coarse Grains 5/ 2015/16 367.01 417.89 57.07 312.70 48.11 2016/17 (Est.) 402.60 454.24 62.39 329.57 62.28 2017/18 (Proj.) Apr NA NA NA NA NA May 370.39 436.19 52.85 326.86 56.48 Rice, milled 2015/16 6.13 8.45 3.42 3.55 1.48 2016/17 (Est.) 7.12 9.34 3.62 4.19 1.53 2017/18 (Proj.) Apr NA NA NA NA NA May 6.38 8.67 3.49 3.97 1.21 ================================================================================ WASDE - 565 - 9 May 2017 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons ================================================================================ Total Total Ending Commodity Output Supply Trade 2/ Use Stocks ================================================================================ Foreign 3/ Total Grains 4/ 2015/16 2037.86 2540.12 295.48 2090.91 530.79 2016/17 (Est.) 2120.14 2643.54 322.78 2199.67 538.05 2017/18 (Proj.) Apr NA NA NA NA NA May 2104.64 2635.00 322.89 2201.66 516.89 Wheat 2015/16 680.88 874.84 151.76 680.06 215.87 2016/17 (Est.) 690.23 902.97 151.58 707.34 223.80 2017/18 (Proj.) Apr NA NA NA NA NA May 688.29 908.69 151.13 702.48 233.43 Coarse Grains 5/ 2015/16 891.28 1086.87 106.62 943.24 200.71 2016/17 (Est.) 955.49 1152.67 133.40 1017.85 197.21 2017/18 (Proj.) Apr NA NA NA NA NA May 941.43 1135.12 133.08 1023.07 164.91 Rice, milled 2015/16 465.70 578.41 37.10 467.61 114.22 2016/17 (Est.) 474.42 587.89 37.80 474.48 117.03 2017/18 (Proj.) Apr NA NA NA NA NA May 474.92 591.19 38.67 476.12 118.56 ================================================================================ 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 2015/16 96.76 208.51 35.30 111.22 97.14 2016/17 (Est.) 105.88 203.02 36.96 113.20 89.52 2017/18 (Proj.) Apr NA NA NA NA NA May 113.22 202.75 37.63 115.75 87.14 United States 2015/16 12.89 16.57 9.15 3.45 3.80 2016/17 (Est.) 17.17 20.98 14.50 3.30 3.20 2017/18 (Proj.) Apr NA NA NA NA NA May 19.20 22.41 14.00 3.40 5.00 Foreign 4/ 2015/16 83.87 191.93 26.14 107.77 93.34 2016/17 (Est.) 88.71 182.04 22.46 109.90 86.32 2017/18 (Proj.) Apr NA NA NA NA NA May 94.02 180.34 23.63 112.35 82.14 ================================================================================ WASDE - 565 - 10 May 2017 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 2015/16 521.40 614.44 152.99 446.41 90.37 2016/17 (Est.) 566.02 656.40 166.93 469.02 101.71 2017/18 (Proj.) Apr NA NA NA NA NA May 572.08 673.79 172.74 486.04 100.79 Oilmeals 2015/16 306.28 322.89 86.68 304.25 15.28 2016/17 (Est.) 321.33 336.61 90.05 316.53 16.09 2017/18 (Proj.) Apr NA NA NA NA NA May 333.27 349.44 92.46 329.55 15.66 Vegetable Oils 2015/16 176.83 200.89 73.47 177.86 20.21 2016/17 (Est.) 186.07 206.28 77.56 183.61 18.53 2017/18 (Proj.) Apr NA NA NA NA NA May 194.33 212.88 79.00 188.99 20.00 United States Oilseeds 2015/16 115.88 123.76 53.79 55.05 6.87 2016/17 (Est.) 127.27 135.72 56.84 56.96 13.31 2017/18 (Proj.) Apr NA NA NA NA NA May 126.80 141.74 59.63 58.04 14.59 Oilmeals 2015/16 42.87 47.23 11.21 35.74 0.28 2016/17 (Est.) 43.79 48.02 11.34 36.35 0.33 2017/18 (Proj.) Apr NA NA NA NA NA May 44.86 49.16 11.61 37.22 0.33 Vegetable Oils 2015/16 11.21 17.04 1.25 14.55 1.24 2016/17 (Est.) 11.65 17.57 1.34 14.82 1.41 2017/18 (Proj.) Apr NA NA NA NA NA May 11.81 17.97 1.32 15.16 1.49 Foreign 3/ Oilseeds 2015/16 405.52 490.68 99.21 391.35 83.50 2016/17 (Est.) 438.76 520.67 110.08 412.06 88.40 2017/18 (Proj.) Apr NA NA NA NA NA May 445.28 532.05 113.11 428.00 86.19 Oilmeals 2015/16 263.42 275.66 75.47 268.51 15.01 2016/17 (Est.) 277.54 288.60 78.71 280.18 15.76 2017/18 (Proj.) Apr NA NA NA NA NA May 288.41 300.28 80.85 292.33 15.33 Vegetable Oils 2015/16 165.62 183.86 72.22 163.31 18.97 2016/17 (Est.) 174.42 188.71 76.22 168.79 17.12 2017/18 (Proj.) Apr NA NA NA NA NA May 182.53 194.91 77.68 173.84 18.51 ================================================================================ WASDE - 565 - 11 May 2017 U.S. Wheat Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Acres Area Planted 55.0 50.2 NA 46.1* Area Harvested 47.3 43.9 NA 38.5* Bushels Yield per Harvested Acre 43.6 52.6 NA 47.2* Million Bushels Beginning Stocks 752 976 NA 1159 Production 2062 2310 NA 1820 Imports 113 115 NA 125 Supply, Total 2927 3400 NA 3105 Food 957 955 NA 955 Seed 67 61 NA 66 Feed and Residual 152 190 NA 170 Domestic, Total 1177 1206 NA 1191 Exports 775 1035 NA 1000 Use, Total 1952 2241 NA 2191 Ending Stocks 976 1159 NA 914 Avg.FarmPrice ($/bu) 2/ 4.89 3.90 NA 3.85-4.65 ================================================================================ 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 2016/17 (Est.) Beginning Stocks 446 272 157 74 28 976 Production 1082 493 345 286 104 2310 Supply, Total 3/ 1532 802 540 367 159 3400 Domestic Use 532 275 216 95 88 1206 Exports 440 320 90 165 20 1035 Use, Total 972 595 306 260 108 2241 Ending Stocks, Total May 560 207 234 107 51 1159 Apr 580 195 229 106 49 1159 ================================================================================ WASDE - 565 - 12 May 2017 U.S. Feed Grain and Corn Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Acres FEED GRAINS Area Planted 103.2 106.6 NA 101.0* Area Harvested 93.0 96.5 NA 90.5* Metric Tons Yield per Harvested Acre 3.94 4.17 NA 4.09 Million Metric Tons Beginning Stocks 46.9 48.1 NA 62.3 Production 366.7 402.3 NA 370.1 Imports 3.7 3.3 NA 3.3 Supply, Total 417.4 453.7 NA 435.7 Feed and Residual 135.5 145.9 NA 141.5 Food, Seed & Industrial 176.7 183.2 NA 184.8 Domestic, Total 312.2 329.0 NA 326.4 Exports 57.1 62.4 NA 52.8 Use, Total 369.3 391.4 NA 379.2 Ending Stocks 48.1 62.3 NA 56.5 Million Acres CORN Area Planted 88.0 94.0 NA 90.0* Area Harvested 80.8 86.7 NA 82.4* Bushels Yield per Harvested Acre 168.4 174.6 NA 170.7* Million Bushels Beginning Stocks 1731 1737 NA 2295 Production 13602 15148 NA 14065 Imports 67 55 NA 50 Supply, Total 15401 16940 NA 16410 Feed and Residual 5123 5500 NA 5425 Food,Seed& Industrial 2/ 6643 6920 NA 7000 Ethanol & by-products 3/ 5224 5450 NA 5500 Domestic, Total 11766 12420 NA 12425 Exports 1898 2225 NA 1875 Use, Total 13664 14645 NA 14300 Ending Stocks 1737 2295 NA 2110 Avg.FarmPrice ($/bu) 4/ 3.61 3.25-3.55 NA 3.00-3.80 ================================================================================ WASDE - 565 - 13 May 2017 U.S. Sorghum, Barley, and Oats Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Bushels SORGHUM AreaPlanted (mil. acres) 8.5 6.7 NA 5.8* AreaHarvested(mil.acres) 7.9 6.2 NA 4.9* Yield (bushels/acre) 76.0 77.9 NA 67.1* Beginning Stocks 18 37 NA 48 Production 597 480 NA 331 Imports 5 1 NA 0 Supply, Total 620 518 NA 379 Feed and Residual 108 130 NA 55 Food, Seed & Industrial 137 115 NA 100 Total Domestic 245 245 NA 155 Exports 339 225 NA 200 Use, Total 583 470 NA 355 Ending Stocks 37 48 NA 24 Avg.FarmPrice ($/bu) 2/ 3.31 2.60-2.80 NA 2.60-3.40 BARLEY AreaPlanted (mil. acres) 3.6 3.1 NA 2.5* AreaHarvested(mil.acres) 3.2 2.6 NA 2.2* Yield (bushels/acre) 69.1 77.9 NA 72.6* Beginning Stocks 79 102 NA 95 Production 218 199 NA 159 Imports 19 12 NA 15 Supply, Total 315 313 NA 269 Feed and Residual 50 60 NA 35 Food, Seed & Industrial 153 153 NA 153 Total Domestic 202 213 NA 188 Exports 11 5 NA 5 Use, Total 213 218 NA 193 Ending Stocks 102 95 NA 76 Avg.FarmPrice ($/bu) 2/ 5.52 4.95 NA 4.35-5.35 OATS AreaPlanted (mil. acres) 3.1 2.8 NA 2.7* AreaHarvested(mil.acres) 1.3 1.0 NA 1.0* Yield (bushels/acre) 70.2 66.0 NA 67.0* Beginning Stocks 54 57 NA 46 Production 90 65 NA 67 Imports 86 95 NA 100 Supply, Total 229 217 NA 213 Feed and Residual 93 90 NA 90 Food, Seed & Industrial 77 78 NA 80 Total Domestic 170 168 NA 170 Exports 2 3 NA 2 Use, Total 172 171 NA 172 Ending Stocks 57 46 NA 41 Avg.FarmPrice ($/bu) 2/ 2.12 2.05 NA 1.95-2.45 ================================================================================ WASDE - 565 - 14 May 2017 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Acres TOTAL Area Planted 2.63 3.15 NA 2.63* Area Harvested 2.59 3.10 NA 2.61* Pounds Yield per Harvested Acre 7472 7237 NA 7716* Million Hundredweight Beginning Stocks 2/ 48.5 46.5 NA 48.1 Production 193.1 224.1 NA 201.0 Imports 24.1 23.5 NA 24.0 Supply, Total 265.8 294.1 NA 273.1 Domestic & Residual 3/ 111.6 132.0 NA 125.0 Exports, Total 4/ 107.7 114.0 NA 110.0 Rough 38.2 47.0 NA 45.0 Milled (rough equiv.) 69.6 67.0 NA 65.0 Use, Total 219.3 246.0 NA 235.0 Ending Stocks 46.5 48.1 NA 38.1 Avg.MillingYield (%) 5/ 70.00 70.00 NA 70.00 Avg.FarmPrice($/cwt) 6/ 12.20 10.20-10.60 NA 10.70-11.70 LONG GRAIN Harvested Acres (mil.) 1.85 2.40 Yield (pounds/acre) 7219 6927 Beginning Stocks 26.5 22.7 NA 28.7 Production 133.4 166.5 NA 142.0 Supply, Total 7/ 180.7 209.7 NA 191.7 Domestic & Residual 3/ 81.5 102.0 NA 95.0 Exports 8/ 76.5 79.0 NA 76.0 Use, Total 158.0 181.0 NA 171.0 Ending Stocks 22.7 28.7 NA 20.7 Avg.FarmPrice($/cwt) 6/ 11.20 9.50-9.90 NA 10.20-11.20 MEDIUM & SHORT GRAIN Harvested Acres (mil.) 0.74 0.69 Yield (pounds/acre) 8107 8311 Beginning Stocks 20.2 20.9 NA 16.6 Production 59.7 57.7 NA 59.0 Supply, Total 7/ 82.2 81.6 NA 78.6 Domestic & Residual 3/ 30.1 30.0 NA 30.0 Exports 8/ 31.2 35.0 NA 34.0 Use, Total 61.3 65.0 NA 64.0 Ending Stocks 20.9 16.6 NA 14.6 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 15.30 12.10-12.70 NA 12.30-13.30 California 10/ 18.10 13.10-13.70 NA 13.10-14.10 Other States 1/ 11.20 9.80-10.20 NA 10.50-11.50 ================================================================================ WASDE - 565 - 15 May 2017 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Acres SOYBEANS Area Planted 82.7 83.4 NA 89.5* Area Harvested 81.7 82.7 NA 88.6* Bushels Yield per Harvested Acre 48.0 52.1 NA 48.0* Million Bushels Beginning Stocks 191 197 NA 435 Production 3926 4307 NA 4255 Imports 24 25 NA 25 Supply, Total 4140 4528 NA 4715 Crushings 1886 1925 NA 1950 Exports 1936 2050 NA 2150 Seed 97 104 NA 101 Residual 25 14 NA 34 Use, Total 3944 4093 NA 4235 Ending Stocks 197 435 NA 480 Avg.FarmPrice ($/bu) 2/ 8.95 9.55 NA 8.30-10.30 Million Pounds SOYBEAN OIL Beginning Stocks 1855 1687 NA 2062 Production 4/ 21950 22350 NA 22620 Imports 288 325 NA 300 Supply, Total 24093 24362 NA 24982 Domestic Disappearance 20166 20000 NA 20450 Biodiesel 3/ 5670 6200 NA 6450 Food, Feed & other Industrial 14496 13800 NA 14000 Exports 2240 2300 NA 2300 Use, Total 22406 22300 NA 22750 Ending stocks 1687 2062 NA 2232 Avg. Price (c/lb) 2/ 29.86 31.75 NA 30.00-34.00 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 260 264 NA 300 Production 4/ 44672 45286 NA 46300 Imports 403 350 NA 300 Supply, Total 45335 45900 NA 46900 Domestic Disappearance 33108 33500 NA 34200 Exports 11963 12100 NA 12400 Use, Total 45071 45600 NA 46600 Ending Stocks 264 300 NA 300 Avg. Price ($/s.t.) 2/ 324.56 320.00 NA 295.00-335.00 ================================================================================ WASDE - 565 - 16 May 2017 U.S. Sugar Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2016/17 Est. 2017/18 Proj. Item Apr May May ================================================================================ 1000 Short Tons, Raw Value Beginning Stocks 1815 2054 2053 1477 Production 2/ 8989 8840 8774 8700 Beet Sugar 5119 4996 4932 4950 Cane Sugar 3870 3844 3842 3750 Florida 2173 2051 2051 2000 Hawaii 152 43 43 0 Louisiana 1428 1612 1612 1600 Texas 116 138 136 150 Imports 3341 3128 3130 3858 TRQ 3/ 1620 1576 1578 1373 Other Program 4/ 396 375 375 175 Other 5/ 1325 1177 1177 2311 Mexico 1309 1162 1162 2301 Total Supply 14145 14022 13957 14036 Exports 74 125 125 25 Deliveries 12051 12255 12355 12477 Food 6/ 11881 12100 12200 12322 Other 7/ 170 155 155 155 Miscellaneous -33 0 0 0 Total Use 12091 12380 12480 12502 Ending Stocks 2053 1642 1477 1534 Stocks to Use Ratio 17.0 13.3 11.8 12.3 ================================================================================ Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ================================================================================ Supply Use Fiscal Beginning Produc- Imports Domestic Exports Ending Year Stocks tion 2/ Stocks ================================================================================ 1000 Metric Tons, Raw Value Sugar 2016/17 Est. Apr 1037 6186 75 4841 1163 1293 May 1037 6186 75 4851 1105 1342 2017/18 Proj. Apr NA NA NA NA NA NA May 1342 6225 75 4918 1994 731 ================================================================================ WASDE - 565 - 17 May 2017 U.S. Cotton Supply and Use 1/ ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Apr May ================================================================================ Million Acres Planted 8.58 10.07 NA 12.23* Harvested 8.07 9.51 NA 11.38* Pounds Yield per Harvested Acre 766 867 NA 810* Million 480 Pound Bales Beginning Stocks 3.65 3.80 NA 3.20 Production 12.89 17.17 NA 19.20 Imports 0.03 0.01 NA 0.01 Supply, Total 16.57 20.98 NA 22.41 Domestic Use 3.45 3.30 NA 3.40 Exports, Total 9.15 14.50 NA 14.00 Use, Total 12.60 17.80 NA 17.40 Unaccounted 2/ 0.17 -0.02 NA 0.01 Ending Stocks 3.80 3.20 NA 5.00 Avg. Farm Price 3/ 61.2 69.0 NA 54.00-74.00 ================================================================================ WASDE - 565 - 18 May 2017 World Wheat Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 217.51 737.00 169.95 136.51 712.08 172.85 242.42 United States 20.48 56.12 3.07 4.14 32.02 21.09 26.55 Total Foreign 197.03 680.88 166.88 132.37 680.06 151.76 215.87 Major Exporters 4/ 29.26 223.54 7.57 65.67 150.84 82.54 26.99 Argentina 4.80 11.30 0.01 0.20 5.90 9.60 0.62 Australia 4.67 24.17 0.15 3.80 7.23 16.12 5.64 Canada 7.09 27.59 0.49 2.67 7.86 22.13 5.18 European Union 5/ 12.70 160.48 6.92 59.00 129.85 34.69 15.56 Major Importers 6/ 113.10 205.47 92.33 27.86 264.88 6.45 139.56 Brazil 0.87 5.54 6.75 0.50 11.10 1.06 1.00 China 76.11 130.19 3.48 10.50 112.00 0.73 97.04 Sel. Mideast 7/ 13.63 19.91 19.18 4.85 37.97 0.55 14.19 N. Africa 8/ 13.21 19.98 27.78 2.28 43.65 0.71 16.61 Pakistan 3.71 25.10 0.02 0.80 24.40 0.60 3.83 Southeast Asia 9/ 3.82 0.00 24.61 8.04 22.37 0.97 5.09 Selected Other India 17.22 86.53 0.47 4.20 88.55 1.13 14.54 FSU-12 20.62 117.96 7.39 26.74 77.79 51.48 16.70 Russia 6.29 61.04 0.82 14.00 37.00 25.54 5.60 Kazakhstan 3.25 13.75 0.07 2.10 6.90 7.60 2.56 Ukraine 5.68 27.27 0.03 5.10 12.20 17.43 3.35 2016/17 Est. World 3/ 242.42 753.09 175.45 147.52 740.16 179.74 255.35 United States 26.55 62.86 3.13 5.17 32.82 28.17 31.55 Total Foreign 215.87 690.23 172.32 142.35 707.34 151.58 223.80 Major Exporters 4/ 26.99 228.17 6.14 66.10 152.56 81.20 27.54 Argentina 0.62 16.00 0.01 0.10 5.90 10.20 0.52 Australia 5.64 35.00 0.15 4.50 7.96 24.00 8.83 Canada 5.18 31.70 0.49 5.00 10.20 20.00 7.16 European Union 5/ 15.56 145.47 5.50 56.50 128.50 27.00 11.03 Major Importers 6/ 139.56 200.16 92.93 35.32 276.72 6.29 149.64 Brazil 1.00 6.73 6.80 0.80 11.70 0.80 2.03 China 97.04 128.85 4.20 16.50 118.50 0.80 110.79 Sel. Mideast 7/ 14.19 20.24 17.75 4.95 39.23 0.55 12.41 N. Africa 8/ 16.61 14.08 28.25 2.28 44.73 0.66 13.56 Pakistan 3.83 25.60 0.03 0.80 24.50 0.70 4.25 Southeast Asia 9/ 5.09 0.00 24.80 8.79 24.17 1.02 4.71 Selected Other India 14.54 87.00 6.00 4.70 97.50 0.40 9.64 FSU-12 16.70 130.24 7.54 28.45 79.72 53.38 21.39 Russia 5.60 72.53 0.50 17.00 40.00 28.00 10.63 Kazakhstan 2.56 14.99 0.09 2.10 6.90 7.00 3.73 Ukraine 3.35 26.80 0.04 4.00 10.80 17.30 2.08 ================================================================================ WASDE - 565 - 19 May 2017 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 ================================================================================ 2017/18 Proj. World 3/ Apr NA NA NA NA NA NA NA May 255.35 737.83 178.53 138.54 734.89 178.35 258.29 United States Apr NA NA NA NA NA NA NA May 31.55 49.54 3.40 4.63 32.41 27.22 24.86 Total Foreign Apr NA NA NA NA NA NA NA May 223.80 688.29 175.13 133.91 702.48 151.13 233.43 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.54 221.35 7.11 63.60 150.05 83.00 22.95 Argentina Apr NA NA NA NA NA NA NA May 0.52 17.00 0.01 0.10 6.00 11.00 0.53 Australia Apr NA NA NA NA NA NA NA May 8.83 25.00 0.15 4.50 8.00 19.00 6.98 Canada Apr NA NA NA NA NA NA NA May 7.16 28.35 0.45 3.50 8.80 22.00 5.16 European Union 5/ Apr NA NA NA NA NA NA NA May 11.03 151.00 6.50 55.50 127.25 31.00 10.28 Major Importers 6/ Apr NA NA NA NA NA NA NA May 149.64 204.56 93.27 29.58 275.41 6.33 165.74 Brazil Apr NA NA NA NA NA NA NA May 2.03 5.60 6.90 0.50 11.60 1.00 1.93 China Apr NA NA NA NA NA NA NA May 110.79 131.00 3.00 13.00 116.00 0.80 127.99 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA May 12.41 19.49 19.24 4.92 39.99 0.54 10.61 N. Africa 8/ Apr NA NA NA NA NA NA NA May 13.56 17.80 28.35 2.18 45.28 0.69 13.75 Pakistan Apr NA NA NA NA NA NA NA May 4.25 26.20 0.03 0.90 25.40 0.60 4.48 Southeast Asia 9/ Apr NA NA NA NA NA NA NA May 4.71 0.00 24.75 7.09 23.34 1.03 5.09 India Apr NA NA NA NA NA NA NA May 9.64 97.00 4.00 5.00 100.00 0.50 10.14 FSU-12 Apr NA NA NA NA NA NA NA May 21.39 121.01 8.02 28.10 79.49 51.36 19.58 Russia Apr NA NA NA NA NA NA NA May 10.63 67.00 0.50 16.50 39.50 29.00 9.63 Kazakhstan Apr NA NA NA NA NA NA NA May 3.73 13.00 0.05 2.10 6.90 7.00 2.88 Ukraine Apr NA NA NA NA NA NA NA May 2.08 25.00 0.03 3.90 10.60 14.50 2.01 ================================================================================ WASDE - 565 - 20 May 2017 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 ================================================================================ 2015/16 World 3/ 246.47 1258.29 182.61 769.52 1255.94 163.69 248.82 United States 46.95 367.01 3.93 135.80 312.70 57.07 48.11 Total Foreign 199.52 891.28 178.68 633.72 943.24 106.62 200.71 Major Exporters 4/ 20.12 153.80 8.07 84.08 113.50 51.69 16.80 Argentina 4.27 37.94 0.01 9.31 14.27 25.33 2.62 Australia 1.53 12.44 0.00 4.19 5.87 6.94 1.17 Brazil 8.24 69.13 3.97 50.89 60.24 14.03 7.07 Canada 3.33 25.62 1.55 13.91 21.24 4.60 4.67 Major Importers 5/ 49.22 246.22 124.01 272.02 353.80 15.71 49.93 European Union 6/ 18.89 152.65 14.24 117.09 157.26 13.11 15.40 Japan 1.77 0.18 17.06 13.29 17.26 0.00 1.75 Mexico 4.83 32.38 14.95 26.72 44.72 1.56 5.89 N. Afr & Mideast 7/ 14.53 32.88 32.79 56.12 64.47 0.11 15.61 Saudi Arabia 3.36 0.36 14.79 13.60 14.11 0.00 4.41 Southeast Asia 8/ 3.71 27.51 15.20 33.16 41.22 0.93 4.28 South Korea 1.89 0.19 10.19 7.83 10.32 0.00 1.95 Selected Other China 101.92 231.40 17.50 166.44 238.74 0.03 112.05 FSU-12 7.49 82.55 0.53 39.60 54.78 31.25 4.55 Russia 2.43 37.43 0.11 20.25 29.64 9.00 1.33 Ukraine 3.29 33.39 0.05 10.24 13.87 21.19 1.67 2016/17 Est. World 3/ 248.82 1358.09 175.63 801.90 1347.42 195.79 259.49 United States 48.11 402.60 3.52 146.16 329.57 62.39 62.28 Total Foreign 200.71 955.49 172.11 655.74 1017.85 133.40 197.21 Major Exporters 4/ 16.80 204.76 2.51 88.53 119.65 80.19 24.23 Argentina 2.62 47.78 0.01 10.52 15.99 30.31 4.10 Australia 1.17 16.63 0.00 4.24 5.91 9.48 2.41 Brazil 7.07 98.85 1.10 53.31 63.29 34.03 9.70 Canada 4.67 25.63 1.09 14.57 22.05 4.35 4.99 Major Importers 5/ 49.93 241.68 124.74 279.47 361.57 9.65 45.13 European Union 6/ 15.40 151.96 13.63 119.30 159.82 7.68 13.49 Japan 1.75 0.17 16.87 13.19 17.18 0.00 1.62 Mexico 5.89 33.21 15.65 28.20 46.95 0.80 7.00 N. Afr & Mideast 7/ 15.61 26.28 35.68 56.80 64.64 0.15 12.79 Saudi Arabia 4.41 0.36 14.71 14.60 15.11 0.00 4.37 Southeast Asia 8/ 4.28 29.42 13.62 35.26 43.07 1.03 3.22 South Korea 1.95 0.20 9.89 7.64 10.11 0.00 1.93 Selected Other China 112.05 227.44 13.85 172.05 250.73 0.04 102.58 FSU-12 4.55 93.02 0.69 41.99 57.37 34.34 6.54 Russia 1.33 40.77 0.11 21.68 31.33 8.22 2.66 Ukraine 1.67 39.26 0.06 10.46 13.93 24.66 2.40 ================================================================================ WASDE - 565 - 21 May 2017 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 ================================================================================ 2017/18 Proj. World 3/ Apr NA NA NA NA NA NA NA May 259.49 1311.83 178.05 812.91 1349.93 185.93 221.38 United States Apr NA NA NA NA NA NA NA May 62.28 370.39 3.53 141.77 326.86 52.85 56.48 Total Foreign Apr NA NA NA NA NA NA NA May 197.21 941.43 174.52 671.13 1023.07 133.08 164.91 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 24.23 196.95 2.05 91.19 122.63 78.61 21.99 Argentina Apr NA NA NA NA NA NA NA May 4.10 47.65 0.01 10.92 16.48 31.11 4.17 Australia Apr NA NA NA NA NA NA NA May 2.41 11.88 0.00 4.34 6.02 7.23 1.05 Brazil Apr NA NA NA NA NA NA NA May 9.70 97.60 0.85 54.30 64.25 34.02 9.89 Canada Apr NA NA NA NA NA NA NA May 4.99 26.78 0.86 15.71 23.42 4.55 4.66 Major Importers 5/ Apr NA NA NA NA NA NA NA May 45.13 245.42 129.40 285.73 368.55 11.33 40.07 European Union 6/ Apr NA NA NA NA NA NA NA May 13.49 155.00 14.61 120.00 160.82 9.81 12.47 Japan Apr NA NA NA NA NA NA NA May 1.62 0.17 16.72 13.06 17.05 0.00 1.46 Mexico Apr NA NA NA NA NA NA NA May 7.00 31.83 16.20 29.22 48.19 0.70 6.14 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA May 12.79 28.12 37.38 58.67 66.67 0.10 11.52 Saudi Arabia Apr NA NA NA NA NA NA NA May 4.37 0.36 14.51 15.55 16.11 0.00 3.13 Southeast Asia 8/ Apr NA NA NA NA NA NA NA May 3.22 29.66 15.12 36.71 44.51 0.73 2.76 South Korea Apr NA NA NA NA NA NA NA May 1.93 0.20 10.27 8.04 10.51 0.00 1.89 China Apr NA NA NA NA NA NA NA May 102.58 223.04 12.00 174.95 255.48 0.03 82.11 FSU-12 Apr NA NA NA NA NA NA NA May 6.54 90.19 0.63 42.97 58.50 33.89 4.97 Russia Apr NA NA NA NA NA NA NA May 2.66 41.15 0.11 22.90 32.65 9.16 2.10 Ukraine Apr NA NA NA NA NA NA NA May 2.40 36.79 0.03 10.21 13.76 23.81 1.65 ================================================================================ WASDE - 565 - 22 May 2017 World Corn Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic 2/ Ending Stocks tion Imports Feed Total Exports Stocks ================================================================================ 2015/16 World 3/ 209.41 968.06 140.56 603.00 965.10 119.95 212.37 United States 43.97 345.51 1.71 130.13 298.87 48.20 44.12 Total Foreign 165.44 622.56 138.85 472.87 666.23 71.75 168.25 Major Exporters 4/ 13.19 104.21 5.83 60.55 77.85 36.50 8.88 Argentina 2.90 29.00 0.01 5.85 9.15 21.70 1.05 Brazil 7.84 67.00 3.42 49.00 57.50 14.00 6.77 South Africa 2.45 8.21 2.40 5.70 11.20 0.80 1.06 Major Importers 5/ 23.17 118.31 81.72 144.90 196.44 4.44 22.30 Egypt 2.30 6.00 8.78 12.45 14.85 0.01 2.22 European Union 6/ 9.63 58.73 13.77 55.50 73.50 1.95 6.68 Japan 1.35 0.00 15.19 11.60 15.20 0.00 1.34 Mexico 4.09 25.97 14.01 20.30 37.30 1.56 5.21 Southeast Asia 7/ 3.70 27.46 15.19 33.10 41.15 0.93 4.27 South Korea 1.86 0.08 10.12 7.80 10.12 0.00 1.94 Selected Other 0.00 Canada 1.40 13.56 1.37 7.07 12.35 1.74 2.24 China 100.47 224.63 3.17 153.50 217.50 0.00 110.77 FSU-12 3.04 39.87 0.38 17.73 20.44 21.42 1.43 Ukraine 1.82 23.33 0.03 6.60 8.00 16.60 0.59 2016/17 Est. World 3/ 212.37 1065.11 137.93 633.94 1053.59 158.58 223.90 United States 44.12 384.78 1.40 139.71 315.48 56.52 58.30 Total Foreign 168.25 680.34 136.54 494.23 738.10 102.06 165.60 Major Exporters 4/ 8.88 151.30 0.61 63.80 82.40 63.50 14.89 Argentina 1.05 40.00 0.01 7.00 10.70 27.50 2.86 Brazil 6.77 96.00 0.50 51.00 60.00 34.00 9.27 South Africa 1.06 15.30 0.10 5.80 11.70 2.00 2.76 Major Importers 5/ 22.30 123.23 79.90 147.35 200.00 3.83 21.61 Egypt 2.22 6.00 9.00 12.70 15.10 0.01 2.11 European Union 6/ 6.68 60.71 13.10 53.90 72.50 2.00 5.99 Japan 1.34 0.00 15.00 11.50 15.10 0.00 1.24 Mexico 5.21 27.00 14.80 22.00 39.80 0.80 6.41 Southeast Asia 7/ 4.27 29.37 13.60 35.20 43.00 1.02 3.22 South Korea 1.94 0.08 9.80 7.60 9.90 0.00 1.91 Selected Other 0.00 Canada 2.24 13.20 1.00 7.50 12.92 1.10 2.42 China 110.77 219.55 3.00 162.00 232.00 0.02 101.31 FSU-12 1.43 47.43 0.40 19.21 21.99 24.66 2.61 Ukraine 0.59 28.00 0.05 7.00 8.40 19.00 1.24 ================================================================================ WASDE - 565 - 23 May 2017 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 ================================================================================ 2017/18 Proj. World 3/ Apr NA NA NA NA NA NA NA May 223.90 1033.66 144.79 650.86 1062.30 151.91 195.27 United States Apr NA NA NA NA NA NA NA May 58.30 357.27 1.27 137.80 315.61 47.63 53.60 Total Foreign Apr NA NA NA NA NA NA NA May 165.60 676.40 143.52 513.06 746.69 104.29 141.67 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 14.89 147.50 0.41 65.30 84.00 64.20 14.59 Argentina Apr NA NA NA NA NA NA NA May 2.86 40.00 0.01 7.50 11.30 28.50 3.06 Brazil Apr NA NA NA NA NA NA NA May 9.27 95.00 0.30 52.00 61.00 34.00 9.57 South Africa Apr NA NA NA NA NA NA NA May 2.76 12.50 0.10 5.80 11.70 1.70 1.96 Major Importers 5/ Apr NA NA NA NA NA NA NA May 21.61 124.27 84.30 152.80 206.05 3.93 20.19 Egypt Apr NA NA NA NA NA NA NA May 2.11 6.00 10.00 13.40 15.90 0.01 2.20 European Union 6/ Apr NA NA NA NA NA NA NA May 5.99 63.50 14.00 56.10 75.00 2.50 5.99 Japan Apr NA NA NA NA NA NA NA May 1.24 0.00 15.00 11.50 15.10 0.00 1.15 Mexico Apr NA NA NA NA NA NA NA May 6.41 25.00 15.50 22.70 40.70 0.70 5.51 Southeast Asia 7/ Apr NA NA NA NA NA NA NA May 3.22 29.61 15.10 36.65 44.45 0.72 2.76 South Korea Apr NA NA NA NA NA NA NA May 1.91 0.08 10.20 8.00 10.30 0.00 1.89 Canada Apr NA NA NA NA NA NA NA May 2.42 15.20 0.80 8.50 14.10 1.50 2.82 China Apr NA NA NA NA NA NA NA May 101.31 215.00 3.00 166.00 238.00 0.02 81.29 FSU-12 Apr NA NA NA NA NA NA NA May 2.61 48.35 0.36 20.43 23.21 25.71 2.40 Ukraine Apr NA NA NA NA NA NA NA May 1.24 28.00 0.03 7.00 8.40 20.00 0.86 ================================================================================ WASDE - 565 - 24 May 2017 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 ================================================================================ 2015/16 World 3/ 115.03 471.83 38.27 471.17 40.52 115.69 United States 1.55 6.13 0.77 3.55 3.42 1.48 Total Foreign 113.48 465.70 37.50 467.61 37.10 114.22 Major Exporters 4/ 31.54 154.59 0.61 128.07 29.50 29.18 India 17.80 104.41 0.00 93.57 10.24 18.40 Pakistan 1.21 6.80 0.01 2.80 4.30 0.92 Thailand 11.27 15.80 0.30 9.10 9.87 8.40 Vietnam 1.26 27.58 0.30 22.60 5.09 1.46 Major Importers 5/ 10.82 62.46 12.19 75.96 0.84 8.67 Brazil 0.64 7.21 0.86 7.90 0.55 0.26 European Union 6/ 1.15 2.05 1.80 3.55 0.27 1.18 Indonesia 4.11 36.20 1.00 37.80 0.00 3.51 Nigeria 0.99 2.71 2.10 5.20 0.00 0.60 Philippines 2.21 11.00 1.60 13.00 0.00 1.81 Sel. Mideast 7/ 1.23 1.89 3.25 5.58 0.00 0.80 Selected Other 0.00 Burma 0.55 12.16 0.03 10.75 1.30 0.69 C. Amer & Carib 8/ 0.46 1.62 1.95 3.47 0.03 0.54 China 57.44 145.77 4.80 144.00 0.27 63.74 Egypt 0.92 4.00 0.10 3.90 0.20 0.92 Japan 2.82 7.67 0.71 8.60 0.07 2.53 Mexico 0.17 0.16 0.69 0.89 0.00 0.13 South Korea 1.41 4.33 0.31 4.21 0.00 1.83 2016/17 Est. World 3/ 115.69 481.54 38.38 478.67 41.42 118.56 United States 1.48 7.12 0.75 4.19 3.62 1.53 Total Foreign 114.22 474.42 37.64 474.48 37.80 117.03 Major Exporters 4/ 29.18 159.76 0.56 132.60 29.60 27.30 India 18.40 106.50 0.00 96.00 10.00 18.90 Pakistan 0.92 6.80 0.01 2.90 4.00 0.83 Thailand 8.40 18.60 0.25 11.00 10.00 6.25 Vietnam 1.46 27.86 0.30 22.70 5.60 1.32 Major Importers 5/ 8.67 64.87 11.25 75.80 1.10 7.89 Brazil 0.26 8.16 0.60 7.90 0.80 0.32 European Union 6/ 1.18 2.07 1.85 3.65 0.25 1.20 Indonesia 3.51 37.15 0.50 37.60 0.02 3.54 Nigeria 0.60 2.70 2.20 5.10 0.00 0.40 Philippines 1.81 11.50 1.00 12.90 0.00 1.41 Sel. Mideast 7/ 0.80 1.96 3.45 5.50 0.00 0.70 Selected Other 0.00 Burma 0.69 12.40 0.01 10.80 1.60 0.70 C. Amer & Carib 8/ 0.54 1.70 1.85 3.54 0.03 0.51 China 63.74 144.85 5.00 143.50 0.50 69.59 Egypt 0.92 4.80 0.15 4.20 0.10 1.57 Japan 2.53 7.78 0.69 8.55 0.08 2.37 Mexico 0.13 0.19 0.80 0.90 0.00 0.22 South Korea 1.83 4.20 0.41 4.70 0.00 1.74 ================================================================================ WASDE - 565 - 25 May 2017 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 ================================================================================ 2017/18 Proj. World 3/ Apr NA NA NA NA NA NA May 118.56 481.30 39.85 480.09 42.17 119.77 United States Apr NA NA NA NA NA NA May 1.53 6.38 0.76 3.97 3.49 1.21 Total Foreign Apr NA NA NA NA NA NA May 117.03 474.92 39.09 476.12 38.67 118.56 Major Exporters 4/ Apr NA NA NA NA NA NA May 27.30 160.50 0.55 134.60 30.10 23.65 India Apr NA NA NA NA NA NA May 18.90 106.00 0.00 97.50 10.00 17.40 Pakistan Apr NA NA NA NA NA NA May 0.83 6.90 0.00 2.90 4.10 0.73 Thailand Apr NA NA NA NA NA NA May 6.25 19.50 0.25 11.50 10.00 4.50 Vietnam Apr NA NA NA NA NA NA May 1.32 28.10 0.30 22.70 6.00 1.02 Major Importers 5/ Apr NA NA NA NA NA NA May 7.89 64.44 12.45 75.70 1.00 8.08 Brazil Apr NA NA NA NA NA NA May 0.32 8.00 0.60 7.90 0.70 0.32 European Union 6/ Apr NA NA NA NA NA NA May 1.20 2.08 1.90 3.75 0.25 1.18 Indonesia Apr NA NA NA NA NA NA May 3.54 37.00 0.50 37.40 0.02 3.62 Nigeria Apr NA NA NA NA NA NA May 0.40 2.77 2.20 4.90 0.00 0.47 Philippines Apr NA NA NA NA NA NA May 1.41 11.20 1.80 12.90 0.00 1.51 Sel. Mideast 7/ Apr NA NA NA NA NA NA May 0.70 1.96 3.60 5.60 0.00 0.66 Burma Apr NA NA NA NA NA NA May 0.70 12.30 0.01 10.85 1.70 0.46 C. Amer & Carib 8/ Apr NA NA NA NA NA NA May 0.51 1.65 1.85 3.53 0.03 0.45 China Apr NA NA NA NA NA NA May 69.59 145.00 4.80 143.00 0.70 75.69 Egypt Apr NA NA NA NA NA NA May 1.57 4.00 0.05 4.25 0.20 1.17 Japan Apr NA NA NA NA NA NA May 2.37 7.60 0.69 8.50 0.08 2.08 Mexico Apr NA NA NA NA NA NA May 0.22 0.20 0.80 0.91 0.00 0.30 South Korea Apr NA NA NA NA NA NA May 1.74 3.90 0.41 4.65 0.00 1.39 ================================================================================ WASDE - 565 - 26 May 2017 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending ================================================================================ 2015/16 World 111.74 96.76 35.19 111.22 35.30 0.04 97.14 United States 3.65 12.89 0.03 3.45 9.15 0.17 3.80 Total Foreign 108.09 83.87 35.16 107.77 26.14 -0.13 93.34 Major Exporters 4/ 30.32 47.09 1.77 31.65 23.03 -0.27 24.78 Central Asia 5/ 3.01 5.97 3/ 2.43 4.46 0.00 2.09 Afr. Fr. Zone 6/ 2.19 4.24 3/ 0.12 4.87 0.00 1.44 S. Hemis 7/ 11.35 9.97 0.25 4.11 7.69 -0.28 10.06 Australia 1.82 2.85 3/ 0.04 2.85 -0.15 1.93 Brazil 7.53 5.90 0.09 3.10 4.31 -0.15 6.26 India 13.49 26.40 1.07 24.25 5.76 0.00 10.94 Major Importers 8/ 75.90 33.97 31.10 71.95 2.07 0.14 66.81 Mexico 0.69 0.91 0.98 1.85 0.13 0.03 0.57 China 66.92 22.00 4.41 35.00 0.13 0.00 58.20 European Union 9/ 0.35 1.28 0.80 0.82 1.31 0.05 0.25 Turkey 1.60 2.65 4.22 6.65 0.23 0.00 1.58 Pakistan 2.89 7.00 3.30 10.30 0.25 0.03 2.62 Indonesia 0.60 0.01 2.94 3.00 0.02 0.00 0.53 Thailand 0.22 3/ 1.28 1.27 0.00 0.03 0.20 Bangladesh 1.33 0.12 6.20 6.10 0.00 0.01 1.54 Vietnam 0.68 3/ 4.50 4.40 0.00 0.00 0.78 2016/17 Est. World 97.14 105.88 36.49 113.20 36.96 -0.17 89.52 United States 3.80 17.17 0.01 3.30 14.50 -0.02 3.20 Total Foreign 93.34 88.71 36.48 109.90 22.46 -0.15 86.32 Major Exporters 4/ 24.78 50.03 3.41 31.27 19.38 -0.26 27.84 Central Asia 5/ 2.09 5.82 3/ 2.54 2.97 0.00 2.40 Afr. Fr. Zone 6/ 1.44 4.92 3/ 0.12 4.67 0.01 1.56 S. Hemis 7/ 10.06 12.43 0.39 4.21 7.30 -0.29 11.66 Australia 1.93 4.40 3/ 0.04 3.80 -0.15 2.65 Brazil 6.26 6.80 0.23 3.20 2.90 -0.15 7.33 India 10.94 26.50 2.50 23.75 4.20 0.00 11.99 Major Importers 8/ 66.81 35.82 30.78 74.54 1.91 0.11 56.85 Mexico 0.57 0.73 1.03 1.73 0.10 0.03 0.47 China 58.20 22.75 4.80 37.00 0.05 0.00 48.70 European Union 9/ 0.25 1.31 0.72 0.74 1.28 0.03 0.24 Turkey 1.58 3.20 3.15 6.30 0.28 0.00 1.36 Pakistan 2.62 7.70 2.70 10.30 0.20 0.03 2.49 Indonesia 0.53 0.01 3.20 3.10 0.01 0.00 0.63 Thailand 0.20 3/ 1.30 1.28 0.00 0.03 0.20 Bangladesh 1.54 0.13 6.25 6.50 0.00 0.01 1.41 Vietnam 0.78 3/ 5.40 5.30 0.00 0.00 0.88 ================================================================================ WASDE - 565 - 27 May 2017 World Cotton Supply and Use 1/ (Million 480-Pound Bales) ================================================================================ Supply Use Region Beginning Produc- Loss Ending Stocks tion Imports Domestic Exports 2/ Stocks ================================================================================ 2017/18 Proj. World Apr NA NA NA NA NA NA NA May 89.52 113.22 37.63 115.75 37.63 -0.15 87.14 United States Apr NA NA NA NA NA NA NA May 3.20 19.20 0.01 3.40 14.00 0.01 5.00 Total Foreign Apr NA NA NA NA NA NA NA May 86.32 94.02 37.62 112.35 23.63 -0.16 82.14 Major Exporters 4/ Apr NA NA NA NA NA NA NA May 27.84 52.86 2.48 31.74 20.48 -0.28 31.23 Central Asia 5/ Apr NA NA NA NA NA NA NA May 2.40 6.19 3/ 2.65 3.10 0.00 2.85 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA May 1.56 5.16 3/ 0.12 4.62 0.00 1.98 S. Hemis 7/ Apr NA NA NA NA NA NA NA May 11.66 13.00 0.25 4.31 7.97 -0.29 12.92 Australia Apr NA NA NA NA NA NA NA May 2.65 4.80 3/ 0.04 4.30 -0.15 3.26 Brazil Apr NA NA NA NA NA NA NA May 7.33 7.00 0.10 3.30 3.20 -0.15 8.08 India Apr NA NA NA NA NA NA NA May 11.99 28.00 1.75 24.00 4.50 0.00 13.24 Major Importers 8/ Apr NA NA NA NA NA NA NA May 56.85 38.31 32.70 76.53 2.08 0.11 49.14 Mexico Apr NA NA NA NA NA NA NA May 0.47 1.10 0.98 1.80 0.13 0.03 0.60 China Apr NA NA NA NA NA NA NA May 48.70 23.50 5.00 37.50 0.05 0.00 39.65 European Union 9/ Apr NA NA NA NA NA NA NA May 0.24 1.38 0.72 0.74 1.26 0.03 0.31 Turkey Apr NA NA NA NA NA NA NA May 1.36 3.70 3.40 6.55 0.28 0.00 1.63 Pakistan Apr NA NA NA NA NA NA NA May 2.49 8.50 2.60 10.40 0.35 0.03 2.82 Indonesia Apr NA NA NA NA NA NA NA May 0.63 3/ 3.20 3.20 0.01 0.00 0.63 Thailand Apr NA NA NA NA NA NA NA May 0.20 3/ 1.36 1.33 0.00 0.03 0.21 Bangladesh Apr NA NA NA NA NA NA NA May 1.41 0.13 7.00 6.90 0.00 0.01 1.62 Vietnam Apr NA NA NA NA NA NA NA May 0.88 3/ 6.20 5.90 0.00 0.00 1.19 ================================================================================ WASDE - 565 - 28 May 2017 World Soybean Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Region Beginning Produc- Domestic Ending Stocks tion Imports Crush Total Exports Stocks ================================================================================ 2015/16 World 2/ 77.37 313.05 133.40 275.56 314.53 132.22 77.08 United States 5.19 106.86 0.64 51.34 54.64 52.69 5.35 Total Foreign 72.18 206.19 132.76 224.22 259.89 79.53 71.72 Major Exporters 3/ 50.68 164.71 1.12 86.92 94.77 71.71 50.02 Argentina 31.70 56.80 0.68 43.27 47.56 9.92 31.70 Brazil 18.93 96.50 0.41 39.90 43.40 54.38 18.05 Paraguay 0.02 9.20 0.01 3.60 3.64 5.31 0.27 Major Importers 4/ 18.68 15.47 113.38 106.89 127.92 0.32 19.28 China 17.01 11.79 83.23 81.30 95.00 0.11 16.91 European Union 0.68 2.32 15.01 15.20 16.83 0.14 1.03 Japan 0.21 0.24 3.19 2.28 3.38 0.00 0.26 Mexico 0.07 0.33 4.13 4.40 4.43 0.00 0.10 2016/17 Est. World 2/ 77.08 348.04 140.90 290.68 331.29 144.60 90.14 United States 5.35 117.21 0.68 52.39 55.60 55.79 11.85 Total Foreign 71.72 230.83 140.22 238.29 275.69 88.80 78.29 Major Exporters 3/ 50.02 182.30 1.72 90.40 98.46 80.27 55.31 Argentina 31.70 57.00 1.20 44.80 49.25 9.00 31.65 Brazil 18.05 111.60 0.50 41.50 45.05 61.90 23.20 Paraguay 0.27 10.30 0.01 3.90 3.94 6.30 0.34 Major Importers 4/ 19.28 16.84 118.89 112.68 134.93 0.38 19.71 China 16.91 12.90 89.00 86.50 101.10 0.15 17.56 European Union 1.03 2.42 14.60 15.20 16.84 0.20 1.02 Japan 0.26 0.24 3.20 2.30 3.46 0.00 0.24 Mexico 0.10 0.51 4.20 4.65 4.69 0.00 0.12 2017/18 Proj. World 2/ Apr NA NA NA NA NA NA NA May 90.14 344.68 147.76 301.53 344.21 149.56 88.81 United States Apr NA NA NA NA NA NA NA May 11.85 115.80 0.68 53.07 56.75 58.51 13.08 Total Foreign Apr NA NA NA NA NA NA NA May 78.29 228.87 147.08 248.46 287.47 91.05 75.73 Major Exporters 3/ Apr NA NA NA NA NA NA NA May 55.31 176.40 1.62 91.65 99.92 80.85 52.56 Argentina Apr NA NA NA NA NA NA NA May 31.65 57.00 1.20 45.50 50.00 9.00 30.85 Brazil Apr NA NA NA NA NA NA NA May 23.20 107.00 0.40 42.00 45.70 63.50 21.40 Paraguay Apr NA NA NA NA NA NA NA May 0.34 9.40 0.01 3.95 4.00 5.50 0.24 Major Importers 4/ Apr NA NA NA NA NA NA NA May 19.71 17.69 124.37 118.62 141.83 0.38 19.56 China Apr NA NA NA NA NA NA NA May 17.56 13.80 93.00 91.50 106.80 0.15 17.41 European Union Apr NA NA NA NA NA NA NA May 1.02 2.45 15.00 15.60 17.24 0.20 1.03 Japan Apr NA NA NA NA NA NA NA May 0.24 0.26 3.30 2.35 3.51 0.00 0.29 Mexico Apr NA NA NA NA NA NA NA May 0.12 0.42 4.30 4.72 4.76 0.00 0.09 ================================================================================ WASDE - 565 - 29 May 2017 World Soybean Meal Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 13.42 216.18 62.00 214.03 65.37 12.20 United States 0.24 40.53 0.37 30.04 10.85 0.24 Total Foreign 13.18 175.65 61.63 184.00 54.51 11.96 Major Exporters 3/ 8.29 68.73 0.07 23.59 46.14 7.36 Argentina 4.03 33.21 0.00 2.68 30.33 4.23 Brazil 3.71 30.88 0.03 16.20 15.41 3.01 India 0.55 4.64 0.05 4.71 0.41 0.12 Major Importers 4/ 2.12 16.60 36.56 52.96 0.51 1.81 European Union 0.63 12.01 19.21 31.09 0.30 0.46 Southeast Asia 5/ 1.43 2.87 15.63 18.42 0.21 1.31 2016/17 Est. World 2/ 12.20 227.92 63.48 223.45 67.15 12.99 United States 0.24 41.08 0.32 30.39 10.98 0.27 Total Foreign 11.96 186.84 63.16 193.06 56.17 12.72 Major Exporters 3/ 7.36 73.70 0.03 24.70 48.20 8.19 Argentina 4.23 34.46 0.00 2.85 31.60 4.24 Brazil 3.01 32.12 0.02 16.65 15.20 3.30 India 0.12 7.12 0.01 5.20 1.40 0.65 Major Importers 4/ 1.81 16.87 37.98 54.21 0.54 1.91 European Union 0.46 12.01 19.50 31.34 0.30 0.32 Southeast Asia 5/ 1.31 3.12 16.68 19.32 0.24 1.55 2017/18 Proj. World 2/ Apr NA NA NA NA NA NA May 12.99 236.92 65.42 233.89 69.13 12.31 United States Apr NA NA NA NA NA NA May 0.27 42.00 0.27 31.03 11.25 0.27 Total Foreign Apr NA NA NA NA NA NA May 12.72 194.92 65.15 202.87 57.88 12.04 Major Exporters 3/ Apr NA NA NA NA NA NA May 8.19 75.02 0.03 26.11 49.53 7.60 Argentina Apr NA NA NA NA NA NA May 4.24 35.00 0.00 3.06 32.33 3.86 Brazil Apr NA NA NA NA NA NA May 3.30 32.50 0.02 17.25 15.50 3.07 India Apr NA NA NA NA NA NA May 0.65 7.52 0.01 5.80 1.70 0.67 Major Importers 4/ Apr NA NA NA NA NA NA May 1.91 17.50 38.73 55.72 0.53 1.89 European Union Apr NA NA NA NA NA NA May 0.32 12.32 19.60 31.69 0.30 0.25 Southeast Asia 5/ Apr NA NA NA NA NA NA May 1.55 3.41 17.25 20.38 0.23 1.59 ================================================================================ WASDE - 565 - 30 May 2017 World Soybean Oil Supply and Use 1/ (Million Metric Tons) ================================================================================ Supply Use Stocks tion Imports Domestic Exports Stocks Region Beginning Produc- Total Exports Ending ================================================================================ 2015/16 World 2/ 4.20 51.62 11.63 52.12 11.69 3.63 United States 0.84 9.96 0.13 9.15 1.02 0.77 Total Foreign 3.36 41.66 11.50 42.98 10.67 2.87 Major Exporters 3/ 0.96 18.98 0.39 11.43 8.16 0.74 Argentina 0.37 8.43 0.00 2.83 5.70 0.27 Brazil 0.38 7.66 0.07 6.29 1.55 0.27 European Union 0.21 2.89 0.33 2.31 0.92 0.21 Major Importers 4/ 1.53 15.94 6.85 22.94 0.16 1.22 China 0.78 14.57 0.59 15.30 0.10 0.54 India 0.52 1.04 4.27 5.30 0.00 0.53 North Africa 5/ 0.23 0.33 2.00 2.34 0.06 0.16 2016/17 Est. World 2/ 3.63 54.29 11.07 53.65 11.65 3.69 United States 0.77 10.14 0.15 9.07 1.04 0.94 Total Foreign 2.87 44.15 10.92 44.58 10.61 2.76 Major Exporters 3/ 0.74 19.51 0.33 11.89 7.90 0.80 Argentina 0.27 8.66 0.00 3.02 5.55 0.36 Brazil 0.27 7.96 0.06 6.56 1.45 0.28 European Union 0.21 2.89 0.27 2.31 0.90 0.16 Major Importers 4/ 1.22 17.66 6.05 23.61 0.19 1.12 China 0.54 15.50 0.62 16.00 0.11 0.55 India 0.53 1.60 3.70 5.40 0.00 0.43 North Africa 5/ 0.16 0.56 1.73 2.21 0.08 0.15 2017/18 Proj. World 2/ Apr NA NA NA NA NA NA May 3.69 56.20 11.63 55.85 12.01 3.66 United States Apr NA NA NA NA NA NA May 0.94 10.26 0.14 9.28 1.04 1.01 Total Foreign Apr NA NA NA NA NA NA May 2.75 45.94 11.49 46.57 10.96 2.65 Major Exporters 3/ Apr NA NA NA NA NA NA May 0.80 19.78 0.31 11.98 8.18 0.74 Argentina Apr NA NA NA NA NA NA May 0.36 8.76 0.00 3.01 5.80 0.32 Brazil Apr NA NA NA NA NA NA May 0.28 8.06 0.06 6.67 1.48 0.26 European Union Apr NA NA NA NA NA NA May 0.16 2.96 0.25 2.31 0.90 0.16 Major Importers 4/ Apr NA NA NA NA NA NA May 1.12 18.76 6.43 25.04 0.19 1.08 China Apr NA NA NA NA NA NA May 0.55 16.40 0.55 16.85 0.10 0.55 India Apr NA NA NA NA NA NA May 0.43 1.69 4.10 5.80 0.00 0.42 North Africa 5/ Apr NA NA NA NA NA NA May 0.15 0.67 1.78 2.39 0.09 0.12 ================================================================================ WASDE - 565 - 31 May 2017 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 2016 II 6187 5963 12207 10253 1520 11911 24118 2111 54.3 III 6472 6100 12626 10338 1515 11997 24623 2161 52.6 IV 6625 6648 13329 10065 1511 11708 25037 2220 52.5 Annual 25221 24941 50388 40695 5981 47225 97612 8565 212.4 2017 I 6300 6409 12764 10232 1487 11847 24611 2174 53.5 II* 6495 6255 12804 10400 1535 12070 24874 2155 55.6 III* 6820 6395 13270 10500 1525 12167 25437 2180 53.9 IV* 6695 6995 13748 10350 1575 12065 25813 2225 53.9 AprProj. 26500 26095 52818 41525 6110 48185 101003 8775 217.3 MayProj. 26310 26054 52586 41482 6122 48149 100735 8734 216.9 2018 I* 6545 6590 13187 10400 1510 12045 25232 2205 54.8 AprProj. NA NA NA NA NA NA NA NA NA MayProj. 26910 26910 54038 42275 6255 49080 103118 8890 222.0 ================================================================================ 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 2016 II 127.68 53.71 93.0 116.5 67.9 14.77 III 113.26 49.26 81.7 120.7 71.6 16.83 IV 107.69 37.02 78.0 116.6 81.7 17.67 Annual 120.86 46.16 84.3 117.1 85.7 16.24 2017 I 122.96 49.73 88.5 100.4 80.0 18.23 II* 128-132 46-48 97-99 98-102 74-76 16.30-16.60 III* 115-123 45-47 83-89 102-108 81-85 17.15-17.75 IV* 113-123 36-40 81-87 107-115 99-107 17.80-18.70 AprProj. 115-121 43-45 86-90 104-109 88-93 17.40-17.90 MayProj. 120-125 44-46 87-91 102-106 83-87 17.35-17.85 2018 I* 115-125 44-48 85-93 98-106 84-90 17.25-18.25 AprProj. NA NA NA NA NA NA MayProj. 113-123 42-46 85-92 104-112 87-94 17.55-18.55 ================================================================================ WASDE - 565 - 32 May 2017 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 2016 683 25288 3016 28987 2550 757 25680 55.6 2017 Proj. Apr 757 26564 2745 30066 2725 700 26641 57.1 May 757 26377 2759 29893 2806 650 26437 56.7 2018 Proj. Apr NA NA NA NA NA NA NA NA May 650 26977 2825 30452 2835 600 27017 57.5 Pork 2016 590 24957 1092 26638 5233 507 20898 50.1 2017 Proj. Apr 507 26111 1045 27663 5670 635 21358 50.8 May 507 26070 1039 27616 5747 635 21234 50.5 2018 Proj. Apr NA NA NA NA NA NA NA NA May 635 26926 935 28496 5965 785 21746 51.3 TotalRed Meat5/ 2016 1320 50481 4324 56125 7788 1304 47032 107.0 2017 Proj. Apr 1304 52908 4017 58229 8403 1370 48456 109.2 May 1304 52679 4033 58016 8560 1325 48131 108.4 2018 Proj. Apr NA NA NA NA NA NA NA NA May 1325 54131 4002 59458 8808 1425 49225 110.1 Broiler 2016 832 40260 131 41223 6647 778 33798 89.8 2017 Proj. Apr 778 41081 140 41999 6925 745 34329 90.4 May 778 41038 137 41953 6976 745 34232 90.1 2018 Proj. Apr NA NA NA NA NA NA NA NA May 745 41823 130 42698 7030 750 34918 91.3 Turkey 2016 201 5981 50 6232 568 279 5386 16.7 2017 Proj. Apr 279 6110 40 6429 625 250 5554 17.0 May 279 6122 37 6438 623 300 5515 16.9 2018 Proj. Apr NA NA NA NA NA NA NA NA May 300 6255 40 6595 650 300 5645 17.2 Total Poultry6/ 2016 1041 46789 184 48014 7369 1065 39581 107.7 2017 Proj. Apr 1065 47740 183 48988 7690 1003 40295 108.6 May 1065 47705 177 48947 7738 1053 40156 108.3 2018 Proj. Apr NA NA NA NA NA NA NA NA May 1053 48627 174 49854 7825 1058 40971 109.7 RedMeat& Poultry 2016 2361 97269 4508 104139 15157 2369 86613 214.6 2017 Proj. Apr 2369 100648 4200 107217 16093 2373 88751 217.8 May 2369 100384 4210 106963 16298 2378 88286 216.7 2018 Proj. Apr NA NA NA NA NA NA NA NA May 2378 102758 4176 109312 16633 2483 90196 219.8 ================================================================================ WASDE - 565 - 33 May 2017 U.S. Egg Supply and Use ================================================================================ 2015 2016 2017Proj. 2017Proj. 2018Proj. 2018Proj. Commodity Apr May Apr May ================================================================================ Million Dozen Eggs Supply BeginningStocks 23.3 31.1 27.1 27.1 NA 27.0 Production 8053.0 8565.0 8775.0 8734.0 NA 8890.0 Imports 123.5 122.1 60.0 56.2 NA 40.0 Total Supply 8199.8 8718.2 8862.1 8817.3 NA 8957.0 Use Exports 313.6 279.2 300.0 302.8 NA 320.0 Hatching Use 995.6 1009.6 1035.0 1019.7 NA 1030.0 Ending Stocks 31.1 27.1 27.0 27.0 NA 27.0 Disappearance Total 6859.4 7402.3 7500.1 7467.8 NA 7580.0 Per Capita (number) 256.3 274.7 275.8 274.6 NA 276.8 ================================================================================ U.S. Milk Supply and Use ================================================================================ 2015 2016 2017Proj. 2017Proj. 2018Proj. 2018Proj. Commodity Apr May Apr May ================================================================================ Billion Pounds Milk Production 208.6 212.4 217.3 216.9 NA 222.0 Farm Use 1.0 1.0 1.0 1.0 NA 1.0 Beg.CommercialStocks 10.5 12.4 14.0 12.8 NA 13.2 Marketings 207.6 211.4 216.3 215.9 NA 221.0 Imports 5.7 7.0 6.3 5.9 NA 6.1 Total Cml. Supply 223.8 230.8 236.6 234.6 NA 240.2 Commercial Exports 8.5 8.9 8.2 8.5 NA 8.7 Ending Commercial Stocks 12.4 12.8 14.4 13.2 NA 12.4 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 203.0 209.1 214.0 213.0 NA 219.2 Beg.CommercialStocks 9.4 9.2 14.7 9.5 NA 10.0 Marketings 207.6 211.4 216.3 215.9 NA 221.0 Imports 6.0 6.5 6.4 6.5 NA 6.4 Total Cml. Supply 223.0 227.1 237.4 231.9 NA 237.4 Commercial Exports 37.3 38.9 39.9 40.5 NA 41.1 Ending Commercial Stocks 9.2 9.5 14.7 10.0 NA 9.4 CCC Donations 0.0 0.0 0.0 0.0 NA 0.0 Domestic Commercial Use 176.6 178.8 182.9 181.4 NA 187.0 ================================================================================ WASDE - 565 - 34 May 2017 U.S. Dairy Prices ================================================================================ Commod- 2015 2016 2017 Proj. 2017 Proj. 2018 Proj. 2018 Proj. ity Apr May Apr May ================================================================================ Dollars Per Pound Product Prices 1/ Cheese 1.6454 1.6050 1.600-1.650 1.600-1.650 NA 1.640-1.740 Butter 2.0670 2.0777 2.120-2.200 2.115-2.195 NA 2.045-2.175 Nonfat Dry Milk 0.9016 0.8292 0.865-0.905 0.875-0.915 NA 0.915-0.985 Dry Whey 0.3804 0.2875 0.490-0.520 0.490-0.520 NA 0.475-0.505 Milk Prices 2/ Dollars Per Cwt ClassIII 15.80 14.87 16.10-16.60 16.10-16.60 NA 16.40-17.40 Class IV 14.35 13.77 14.30-14.90 14.35-14.95 NA 14.40-15.50 All Milk 3/ 17.12 16.24 17.40-17.90 17.35-17.85 NA 17.55-18.55 ================================================================================ WASDE - 565 - 35 May 2017 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 3.2 5.4 16.5 1.7 35.0 22 14 U.S. 6.8 11.6 3.1 0.0 9.8 19 17 Foreign 3.3 5.6 15.1 1.6 32.9 21 15 Exports World 6.1 10.4 6.1 0.1 17.6 25 11 U.S. 12.7 21.6 3.1 0.0 10.2 20 15 Foreign 7.1 12.0 5.6 0.4 17.8 26 10 Domestic Use World 2.2 3.8 10.2 0.3 28.3 23 13 U.S. 7.3 12.4 1.8 0.2 6.4 18 18 Foreign 2.2 3.7 9.6 0.2 28.0 24 12 Ending Stocks World 10.4 17.6 12.5 0.3 35.9 22 14 U.S. 21.1 35.9 3.6 0.1 14.1 20 16 Foreign 10.5 17.9 10.7 2.5 31.0 21 15 COARSE GRAINS 2/ Production World 3.8 6.5 27.1 1.1 103.6 17 19 U.S. 14.4 24.5 21.1 0.9 103.8 19 17 Foreign 2.8 4.8 14.6 0.2 42.8 16 20 Exports World 7.8 13.3 7.9 1.3 20.9 25 11 U.S. 28.1 47.7 8.3 0.1 29.5 15 21 Foreign 14.1 24.0 6.9 0.3 20.8 25 11 Domestic Use World 2.1 3.5 15.6 0.4 68.4 18 18 U.S. 6.1 10.4 8.2 0.2 38.4 23 13 Foreign 2.1 3.5 12.0 0.5 32.8 18 18 Ending Stocks World 20.6 35.0 22.7 2.6 71.4 22 14 U.S. 56.9 96.5 17.4 1.3 57.6 17 19 Foreign 17.4 29.5 11.8 0.0 33.9 24 12 RICE, milled Production World 2.5 4.2 6.9 0.0 21.8 21 15 U.S. 7.3 12.3 0.3 0.0 1.0 20 16 Foreign 2.5 4.2 6.9 0.4 22.0 21 15 Exports World 9.7 16.4 1.6 0.1 7.5 27 9 U.S. 11.9 20.2 0.2 0.0 1.0 19 12 Foreign 10.4 17.6 1.5 0.2 7.1 27 9 Domestic Use World 1.9 3.3 4.9 0.0 19.4 24 12 U.S. 9.4 16.0 0.2 0.0 0.6 13 22 Foreign 2.0 3.3 4.9 0.2 20.0 25 11 Ending Stocks World 14.3 24.3 5.3 0.1 17.0 24 12 U.S. 33.4 56.6 0.3 0.0 0.9 19 15 Foreign 15.7 26.7 5.3 0.1 16.7 24 12 ================================================================================ WASDE - 565 - 36 May 2017 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 11.7 1.5 23.1 5 3 U.S. 9.0 15.3 4.6 0.0 13.8 18 18 Foreign NA NA 7.3 0.7 16.9 7 1 Exports World NA NA 6.4 0.6 10.6 7 1 U.S. 15.8 26.8 3.1 0.0 6.8 20 15 Foreign NA NA 3.7 0.7 12.3 6 2 Domestic Use World NA NA 6.8 1.2 12.1 5 3 U.S. 6.5 11.0 2.1 0.2 7.5 22 14 Foreign NA NA 5.8 0.2 10.8 5 3 Ending Stocks World NA NA 9.5 4.6 19.2 4 4 U.S. 61.0 103.6 2.9 0.2 8.4 11 25 Foreign NA NA 8.3 1.0 15.7 5 3 COTTON Production World 6.3 10.7 4.3 0.1 16.7 22 14 U.S. 11.3 19.2 1.6 0.1 5.5 18 18 Foreign 6.4 10.9 3.4 0.1 12.2 20 16 Exports World 10.5 17.7 2.2 0.1 12.4 20 16 U.S. 30.6 51.9 1.4 0.1 3.9 22 14 Foreign 13.5 23.0 1.7 0.1 10.4 19 17 Domestic Use World 4.5 7.7 3.1 0.1 17.2 14 22 U.S. 9.7 16.5 0.5 0.0 1.4 17 18 Foreign 4.6 7.8 3.0 0.0 16.6 16 20 Ending Stocks World 18.2 30.9 6.5 1.0 18.1 24 12 U.S. 44.4 75.4 1.5 0.0 4.3 16 20 Foreign 17.3 29.3 5.5 0.1 17.2 24 12 ================================================================================ WASDE - 565 - 37 May 2017 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 15.3 26.0 745 8 4010 15 21 Exports 29.3 49.8 299 0 1100 16 19 Domestic Use 6.5 11.1 321 11 1538 24 12 Ending Stocks 68.3 115.9 623 41 2091 17 19 SORGHUM Production 20.8 35.2 91 0 228 16 19 Exports 33.0 56.1 45 0 190 17 18 Domestic Use 25.5 43.2 55 0 162 15 20 Ending Stocks 72.4 122.9 51 1 238 13 23 BARLEY Production 14.5 24.6 28 1 206 14 22 Exports 79.6 135.0 15 0 92 18 15 Domestic Use 11.6 19.7 30 0 95 17 18 Ending Stocks 21.3 36.2 23 0 78 17 18 OATS Production 25.5 43.2 32 1 231 9 27 Exports 115.1 195.3 1 0 8 9 12 Domestic Use 11.0 18.6 21 0 160 13 22 Ending Stocks 33.8 57.3 18 0 77 11 22 Thousand Short Tons SOYBEAN MEAL Production 5.8 9.9 1332 0 5344 22 13 Exports 18.3 31.1 1002 0 2750 21 14 Domestic Use 4.6 7.8 868 24 4950 18 18 Ending Stocks 43.5 73.9 55 0 388 11 15 Million Pounds SOYBEAN OIL Production 5.5 9.3 648 18 2500 25 11 Exports 36.3 61.5 491 25 1700 20 16 Domestic Use 4.0 6.7 436 8 1800 21 15 Ending Stocks 37.7 64.0 474 25 1702 22 14 ANIMAL PROD. 3/ Million Pounds Beef 4.0 6.9 775 40 2727 16 7 Pork 3.4 5.8 533 61 1722 15 7 Broilers 2.5 4.3 697 80 1640 10 13 Turkeys 4.1 7.0 171 2 500 12 11 Million Dozen Eggs 1.6 2.8 98 2 300 14 9 Billion Pounds Milk 1.6 2.8 2.1 0.0 6.7 11 9 ================================================================================