ISSN: 1554-9089 

# World Agricultural Supply

and Demand Estimates

Office of the
Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service



### WASDE - 519 Approved by the World Agricultural Outlook Board June 12, 2013

NOTE: Because planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, methods used to project acreage and yield are noted on each table.



### WHEAT: Projected U.S. wheat supplies for 2013/14 are raised this month with an increase in beginning stocks and higher forecast winter wheat production. Beginning stocks are higher
with a 15-million-bushel reduction in 2012/13 exports as May shipments fell below expectations. Projected production for 2013/14 is up 23 million bushels as higher yields boost forecast production of Hard Red Winter wheat in the Southern and Central Plains and Soft Red
Winter wheat across the South and Midwest. Ex ports are projected 50 million bushels higher for 2013/14 with strong early season sales and a r educed outlook for foreign production this month. Ending stocks for 2013/14 are projected down 11 million bus hels. Projected stocks of 659 million bushels remain at a 5-year low. The projected range for the 2013/14 seasonaverage farm price is raised 10 cents on both ends to $6.25 to $7.55 per bushel. This is down from the record $7.80 per bushel expected for 2012/13.

Global wheat supplies for 2013/14 are lowered 5.6 million tons reflecting lower foreign production. World production is projected at 695.9 million tons, down 5. 2 million from last month with reductions for Ukraine, Russia, and EU- 27. Persistent dry weather in key growing areas of southeastern Ukraine and adjoining ar eas of southern Russia reduces production prospects 2.5 million tons and 2.0 million tons, re spectively. EU-27 production is lowered 1.3

million tons with small reductions in a number of member countries.

Global wheat consumption for 2013/14 is reduced s lightly with reductions in feed and residual use for EU-27, Russia, and Ukraine more than o ffsetting higher expected food use for India, Iran, and Egypt. Global wheat trade is raised with imports increased 1.0 million tons for Iran. Partly offsetting is a 0.5-million-ton reducti on in imports for EU-27 with lower exportable supplies in Ukraine. Ukraine and Russia exports are lowered 1.5 millio n tons and 1.0 million tons, respectively. Export increases of 1.5 million tons for EU-27 and 0.5 million tons for Canada, combine with the U.S. increase this mont h to raise global exports 0.8 million tons. World ending stocks for 2013/14 are projected at 181.3 million tons, down 5. 1 million from last month, and just above the le vel projected for 2012/13.

COARSE GRAINS: The outlook for 2013/14 U.S. feed grai n supplies is lowered this month as delayed plantings reduce yield prospects for corn . Projected corn production is lowered 135 million bushels to 14.0 billion with the average yiel d projected at 156.5 bushels per acre, down 1.5 bushels from last month. Despite rapid planting progress during mid-May across the Corn Belt, rains and cool temperatures since have delay ed the completion of planting in parts of the
western Corn Belt and raised the likelihood t hat seasonally warmer temperatures and drierWASDE-519-2



### conditions in late July will adversely affect polli nation and kernel set in a larger share of this year’s crop.

With reduced production prospects, domestic corn usage is projected 70 million bushels lower for 2013/14. Projected feed and residual di sappearance is lowered 125 million bushels with the smaller crop, higher expected prices, and incr eased availability of distillers’ grains. Corn used in ethanol production is raised 50 million bushels in line with an increase this month for the 2012/13 marketing year. Other food and industr ial uses are also projected higher, up 5
million bushels from last month. Corn endi ng stocks for 2013/14 are projected 55 million bushels lower. At the projec ted 1.9 billion bushels, ending stocks are expected to be 2.5 times their 2012/13 level. The season-average farm price range for corn is raised 10 cents per bushel on each end to $4.40 to $5.20 per bushel. Increases are also projected for the sorghum, barley, and oats farm price ranges this month.

Changes for 2012/13 include higher corn and oats imports, higher corn food, seed, and industrial use, and reduced corn exports. Corn imports are raised 25 million bushels based on the strong pace of imports to date and expecta tions that feeders in some locations will continue to supplement domestic supplies as old-crop corn becomes tighter during the summer months. Oats imports are raised 3 milli on bushels reflecting shipments to date. Corn used in ethanol production is raised 50 million bushels for 2012/13 based, in part, on higherthan-expected May ethanol production as indicat ed by weekly data reported by the Energy
Information Administration. Favorable margins for ethanol producers and high prices for
Renewable Identification Number s (RINS) are also expected to moderate any slowdown in production through the end of the marketing year. Other food and industrial use is projected up 15 million bushels with increases projected for corn use in cereals and beverage and industrial alcohol. Corn exports are projec ted 50 million bushels lower based on the continued lackluster pace of shipments and sales. Projec ted corn ending stocks for 2012/13 are raised

10 million bushels.

Global coarse grain supplies for 2013/14 are proj ected 4.3 million tons lower mostly on the reduction expected in U.S. corn output. Global coarse grain beginning stocks are also lowered as a reduction in 2012/13 China corn production is only partly offset by an increase in 2012/13 Brazil corn production this month. China corn production is lowered 2.4 million tons based on the latest government revisions for the 2012/13 crop. Brazil corn production is raised 1.0
million tons for 2012/13 based on higher reported area for the safrina crop which will be harvested in the coming weeks.

Global 2013/14 coarse grain trade is raised slightly this month. Corn imports are raise for Indonesia and corn exports are raised for India. Global corn consumption is down 1.7 million tons mostly based on changes to domestic use in the United States. Global corn ending stocks for 2013/14 are projected 2. 8 million tons lower with reductions for China and the United States partly offset by an increase for Brazil carried through from the larger 2012/13 crop. At the projected 151.8 million tons , 2013/14 world corn stocks would be up 27.5 million tons from 2012/13 and the largest in 12 years.

RICE: The 2013/14 all rice supply and use balance sheet is unchanged from last month. Small revisions are made to the 2013/14 rice by-class supply and use balance sheets. Rice by-class 2013/14 beginning stocks forecasts are changed based on small adjustments to 2012/13 rice by-class balance sheets. Long-grai n rice 2013/14 beginning stocks are raised 1.0WASDE-519-3



### million cwt to 21.4 million resulting from a reduction in the 2012/13 export forecast now projected at 76.0 million. Combined medium- and short-grain 2013/14 beginning stocks are lowered 1.0 million cwt to 10.5 million resulting fr om an increase in the 2012/13 export forecast now projected at 32.0 million. Rough rice ex ports for 2012/13 are lowered 1.0 million cwt to 35.0 million and combined milled and brown rice expor ts are raised 1.0 million to 73.0 million. No other changes are made to 2012/13 and 2013/14 U. S. rice supply and use balance sheets except for season-average farm price forecasts.

The 2013/14 U.S. long-grain rice season-average fa rm price is projected at $13.90 to $14.90 per cwt, up 10 cents per cwt on each end from a month ago and compares to a revised $14.30 to $14.50 per cwt for 2012/13. The 2013/14 comb ined medium- and short-grain rice seasonaverage farm price is $15.80 to $16.80 per cwt, an increase of 30 cents per cwt on each end from last month and compares to a revi sed $16.00 to $16.20 per cwt for 2012/13. The 2013/14 U.S. all rice season-average farm price is projected at $14.50 to $15.50 per cwt, up 20 cents per cwt on each end from a month ago and compares to a revised $14.80 to $15.00 per cwt for 2012/13.

Global 2013/14 rice supply and use is little changed from a month ago. Global rice production is projected at a record 479.2 million tons, down less than 100,000 tons from last month. Global 2013/14 exports are lowered 0.5 million t ons to 38.4 million due to a decrease for Thailand. Thailand’s export forecasts for 2012/13 and 2013/14 are each lowered 0.5 million to 7.5 and 8.0 million, respectively. Thailand’s 2012/13 export pace has been slow due to uncompetitive prices and expectati ons that the current situat ion will continue into the new marketing year which begins in January 2014. Im port forecasts for Nigeria are lowered both for 2012/13 and 2013/14. The imposition of high import tariffs by Nigeria and an expected larger 2013/14 rice crop will likely slow the pace of rice imports. Global 2013/14 consumption is lowered 0.3 million tons, prim arily due to smaller consumption forecast for Nigeria. Global ending stocks for 2013/14 are project ed at 108.6 million tons, up 0. 8 million from last month, due primarily to an increase for Thailand.

OILSEEDS: U.S. soybean supply and use projec tions for 2013/14 are unchanged from last month. Changes for 2012/13 include increas ed soybean imports and crush, and reduced exports. Soybean imports are raised 5 million bushels to 25 million based on relatively strong imports through April and expected additional gains through the end of the marketing year. Soybean exports for 2012/13 are reduced 20 million bushels to 1.33 billion bushels reflecting exceptionally low shipments and sales in May and competition from Br azil. Although soybean exports are reduced, U.S. soybean meal exports are increased this month reflecting strongerthan-expected shipments this spring as importers have been slow to shift to South American supplies. As a result of increased soybean meal exports, the U.S. soybean crush is projected at 1.66 billion bushels, up 25 million. Soy bean ending stocks for 2012/13 are projected at 125 million bushels, unchanged from last month.

The 2013/14 season-average price for soybeans is forecast at $9.75 to $11.75 per bushel, up 25 cents on both ends of the range. The higher forecast reflects improved forward pricing opportunities and higher corn prices. Soybean meal prices for 2013/14 are forecast at $290 to $330 per short ton, up 10 dollars on both ends. T he soybean oil price forecast is unchanged at 47 to 51 cents per pound.WASDE-519-4



### Global oilseed production for 2013/14 is projected at 490.8 million tons, down 0.5 million from last month. EU-27 rapeseed production is r educed 0.3 million tons to 19.7 million on lower area and yield, mainly for France. Other changes include reduced soybean production for Ukraine, reduced sunflowerseed production fo r the EU-27, and increased sunflowerseed production for Russia. Brazil’s 2012/13 soybean pr oduction is reduced 1.5 million tons to 82 million reflecting the impact of dry conditions in the northeast.

SUGAR: Projected U.S. sugar supply for fisca l year 2013/14 is increased 435,000 short tons, raw value, from last month due to higher beginni ng stocks and imports from Mexico. Imports
from Mexico are increased based on Mexico’s hi gher carryover from the large 2012/13 crop. U.S. ending stocks for 2012/13 are up because higher imports from Mexico more than offset lower tariff rate quota imports. Mexico’s 2012/13 pr oduction is increased to reflect the strong pace of harvest to date. For both countries , 2013/14 use is unchanged from last month and ending stocks are increased.

LIVESTOCK, POULTRY, AND DAIRY: The forecast for total meat production in 2013 is raised from last month as higher beef and br oiler production more than offsets lower pork production. Beef production is raised from last month as poor forage conditions have resulted in relatively large placements of cattle in f eedlots in the first part of 2013 and cow slaughter remains high. Broiler slaughter is raised slightly for the third quarter, reflecting hatchery data. Pork production in second quarter is lowered based on the pace of hog slaughter and slightly lower expected carcass weights. USDA’s Quarterly Hogs and Pigs report will be released on June 28 and provide an indication of producer farro wing intentions for the remainder of the year. Turkey production is unchanged from last m onth. Egg production is raised, reflecting slightly higher table egg production in the thir d quarter. Red meat, poultry, and egg production forecasts for 2014 are unchanged from last month.

Forecasts for 2013 beef exports are reduced from last month as trade to a number of markets has been relatively weak. Broiler exports are ra ised based on export strength to date. Pork exports are unchanged. Forecasts for 2014 are unchanged from last month.

Cattle price forecasts for 2013 are lowered from last month, reflecting lower-than-expected prices to date. Broiler prices are raised, reflecting strong domestic and export demand. Hog prices are raised as tighter supplies have pushed pr ices higher. Price forecasts for 2014 are unchanged.

The milk production forecast for 2013 is unchanged. For 2014, the production forecast is lowered as relatively weak milk-to-feed rati os in the third and fourth quarter of 2013 are expected to slow production growth in the firs t half of 2014. Fat basis exports for 2013 are lowered based on slow butter exports through Apr il. Skim-solid exports are higher based on expectations of continued robust nonfat dry milk (NDM) exports. Fat and skim basis exports for 2014 are unchanged. Fat basis imports are raised for 2013 and 2014.

Forecasts for 2013 cheese and butter prices are lo wered from last month, reflecting greater stocks and weaker-than-expected prices to date. The NDM price is raised on tightening supplies and expectations of continued robust ex port demand. The price range for whey is narrowed. As a result of the lower cheese pr ice forecast, the Class III price is reduced. The Class IV price is down as lower butter prices more than offset higher NDM. For 2014, the butter price forecast is lowered as stocks rema in high, but other product prices are unchanged.WASDE-519-5



### The Class III price forecast is unchanged, but the Cla ss IV price is lowered. The all milk price is forecast at $19.60 to $20.00 per cwt for 2013 and $18.95 to $19.95 for 2014.

COTTON : The 2013/14 U.S. cotton supply and demand balance sheet shows lower beginning and ending stocks, lower production, and higher prices relative to last month. The 2012/13 export estimate is raised 350,000 bales to 13.6 million, reducing the current season’s ending stocks forecast. This adjustment reflects continued strong sales and shipments and expected higher imports by China. At the same time, projected U.S. production for 2013/14 is reduced to 13.5 million bales for 2013/14, as abandonment is raised to reflect continued drought
conditions in the Southwest. With the tota l 2013/14 supply 900,000 bales below last month, U.S. exports are reduced 500,000 bales to 11.0 million and ending stocks are reduced to 2.6 million, the equivalent of 18 percent of total us e. The projected range for the marketing-year average price of 73 to 93 cents per pound is ra ised 5 cents on each end, with a midpoint of 83 cents per pound, 15 percent above t he estimated average for 2012/13.

This month’s changes to the world cotton estimates for both 2012/13 and 2013/14 result primarily from a sharp increase of 1.75 million bales in China’ s 2012/13 imports to a level of 20.0 million. Higher imports by China in t he current season are drawing stocks out of exporting countries and constraining the 2013/14 s upply outside of China available for global consumption and trade. World production in 2013/ 14 is reduced slightly from last month, based on lower production for the United States, Turkmenistan, and others; world consumption also is reduced slightly. China’s imports are r educed 1.0 million bales from last month to 11.0 million, accounting for most of the change in the world trade, as higher China imports in 2012/13 raise beginning stocks and domestic supplies. Projected world 2013/14 ending stocks are reduced marginally, but China’s stocks ar e raised 750,000 bales, leaving projected stocks outside of China about 3 percent lower. Thes e projections assume that China continues current policies regulating the national reserve acquisition and release prices.

Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity
Estimates Committees.



### APPROVED BY:



### DARCI L. VETTER

ACTING SECRETARY OF AGRICULTUREWASDE-519-6



# INTERAGENCY COMMODITY ESTIMATES COMMITTEES

Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and
Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity
Estimates Committees (ICECs) that prepare the monthly report.



### Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail : jnorton@oce.usda.gov Gary Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA.

Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail : aaaronson@oce.usda.gov Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA.

Feed Grains: Jerry Norton, IC EC Chair, WAOB, E-mail : jnorton@oce.usda.gov Thomas Capehart, ERS; Richard O’M eara, FAS; Pete Riley, FSA.

Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA.

Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; Ja mes Johnson, FAS; Scott Sanford, FSA.

Sugar: John Love, ICEC Chair, WAOB, E-mail : jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA.

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Sherry Wise, AMS; Kenneth Mathews, ERS; Cla ire Mezoughem, FAS; Dale Leuck, FSA.

Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Larry Haller, AMS; David Harvey, ERS; Lazar o Sandoval, FAS; Milton Madison, FSA.

Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; P aul Kiendl, FAS; Milton Madison, FSA.

In 2013, the WASDE report will be released at 12:00 noon EST on Jul. 11, Aug. 12, Sep. 12, Oct. 11, Nov. 8, Dec. 10.WASDE-519-7



# T A B L E OF C O N T E N T S

Page

Highlights ............................................................................................................... 1
Interagency Commodity Estimates Committees ..................................................... 6
World & U.S. Supply & Use for Grains ................................................................... 8

World & U.S. Supply & Use for Cotton ................................................................... 9

World & U.S. Supply & Use for Oilseeds ............................................................. 10

U.S. Wheat Supply & Use .................................................................................... 11

U.S. Wheat Supply & Use by Class ..................................................................... 11

U.S. Feed Grain & Corn Supply & Use ................................................................ 12
U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13

U.S. Rice Supply & Use ....................................................................................... 14

U.S. Soybeans & Products Supply & Use ............................................................ 15
U.S. Sugar Supply & Use ..................................................................................... 16
Mexico Sugar Supply and Use ............................................................................. 16

U.S. Cotton Supply & Use .................................................................................... 17
World Wheat Supply & Use ................................................................................. 18

World Coarse Grains Supply & Use ..................................................................... 20

World Corn Supply & Use .................................................................................... 22

World Rice Supply & Use..................................................................................... 24

World Cotton Supply & Use ................................................................................. 26

World Soybean Supply & Use .............................................................................. 28

World Soybean Meal Supply & Use ..................................................................... 29

World Soybean Oil Supply & Use ........................................................................ 30

U.S. Quarterly Animal Product Production ........................................................... 31

U.S. Quarterly Prices for Animal Products ........................................................... 31

U.S. Meats Supply and Use ................................................................................. 32
U.S. Egg Supply & Use ........................................................................................ 33

U.S. Milk Supply and Use .................................................................................... 33

U.S. Dairy Prices ................................................................................................. 34

Reliability Tables ................................................................................................. 35
Related USDA Reports ........................................................................................ 38

Metric Conversion Factors ................................................................................... 38

Electronic Access and Subscriptions ....................................................................... 40

### June 2013

WASDE - 519 - 8

World and U.S Supply and Use for Grains 1/

Million Metric Tons

World Output Total Supply Trade 2 / Total

Use 3 / Ending

Stocks

Total Grains 4/ 2011/12 2317.61 2781.29 343.63 2311.34 469.96

2012/13 (Est.) 2252.66 2722.62 294.58 2283.70 438.92

filler filler filler filler filler 2013/14 (Proj.) May 2433.66 2873.58 316.13 2393.22 480.36
2013/14 (Proj.) Jun 2425.05 2863.96 316.92 2390.51 473.45

filler filler filler filler filler Wheat 2011/12 697.17 896.38 157.79 696.91 199.47

2012/13 (Est.) 655.59 855.06 139.26 675.19 179.87

filler filler filler filler filler 2013/14 (Proj.) May 701.10 881.27 143.32 694.89 186.38
2013/14 (Proj.) Jun 695.86 875.72 144.12 694.48 181.25

filler filler filler filler filler Coarse Grains 5/ 2011/12 1154.63 1320.38 146.73 1154.73 165.65

2012/13 (Est.) 1126.88 1292.53 117.18 1139.26 153.27

filler filler filler filler filler 2013/14 (Proj.) May 1253.30 1407.63 133.90 1221.49 186.13
2013/14 (Proj.) Jun 1250.03 1403.30 134.40 1219.72 183.58

filler filler filler filler filler Rice, milled 2011/12 465.81 564.54 39.11 459.70 104.84

2012/13 (Est.) 470.19 575.03 38.14 469.25 105.78

filler filler filler filler filler 2013/14 (Proj.) May 479.26 584.69 38.91 476.84 107.84
2013/14 (Proj.) Jun 479.16 584.94 38.41 476.32 108.62

filler filler filler filler filler United States Output Total Supply Trade 2 / Total

Use 3/ Ending

Stocks

Total Grains 4/ 2011/12 384.01 447.80 72.81 325.66 49.34

2012/13 (Est.) 354.10 413.94 50.95 319.37 43.62

filler filler filler filler filler 2013/14 (Proj.) May 438.01 488.06 65.40 348.80 73.87
2013/14 (Proj.) Jun 435.22 485.98 66.76 347.02 72.20

filler filler filler filler filler Wheat 2011/12 54.41 80.93 28.56 32.16 20.21

2012/13 (Est.) 61.76 85.37 27.49 37.59 20.29

filler filler filler filler filler 2013/14 (Proj.) May 55.98 79.40 25.17 35.98 18.25
2013/14 (Proj.) Jun 56.61 80.45 26.54 35.98 17.93

filler filler filler filler filler Coarse Grains 5/ 2011/12 323.73 358.88 41.03 290.03 27.82

2012/13 (Est.) 286.01 320.25 20.03 277.98 22.24

filler filler filler filler filler 2013/14 (Proj.) May 376.00 400.83 37.10 309.16 54.57
2013/14 (Proj.) Jun 372.57 397.70 37.10 307.38 53.22

filler filler filler filler filler Rice, milled 2011/12 5.87 8.00 3.22 3.47 1.30

2012/13 (Est.) 6.33 8.32 3.43 3.81 1.08

filler filler filler filler filler 2013/14 (Proj.) May 6.04 7.83 3.12 3.66 1.05
2013/14 (Proj.) Jun 6.04 7.83 3.12 3.66 1.05

filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export es timate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains).

### June 2013

WASDE - 519 - 9

World and U.S. Supply and Use for Grains, Continued 1/

Million Metric Tons

Foreign 3/ Output Total Supply Trade 2 / Total

Use Ending

Stocks

Total Grains 4/ 2011/12 1,933.61 2,333.49 270.82 1,985.68 420.62

2012/13 (Est.) 1,898.57 2,308.68 243.63 1,964.33 395.30

filler filler filler filler filler 2013/14 (Proj.) May 1,995.65 2,385.52 250.74 2,044.43 406.48
2013/14 (Proj.) Jun 1,989.83 2,377.99 250.17 2,043.50 401.25

filler filler filler filler filler Wheat 2011/12 642.76 815.45 129.23 664.76 179.26

2012/13 (Est.) 593.84 769.69 111.78 637.61 159.57

filler filler filler filler filler 2013/14 (Proj.) May 645.12 801.87 118.15 658.91 168.14
2013/14 (Proj.) Jun 639.24 795.28 117.58 658.50 163.32

filler filler filler filler filler Coarse Grains 5/ 2011/12 830.91 961.50 105.71 864.69 137.83

2012/13 (Est.) 840.88 972.28 97.15 861.28 131.03

filler filler filler filler filler 2013/14 (Proj.) May 877.31 1,006.80 96.80 912.34 131.56
2013/14 (Proj.) Jun 877.46 1,005.60 97.30 912.34 130.37

filler filler filler filler filler Rice, milled 2011/12 459.94 556.54 35.89 456.23 103.54

2012/13 (Est.) 463.86 566.71 34.71 465.44 104.70

filler filler filler filler filler 2013/14 (Proj.) May 473.22 576.85 35.79 473.19 106.79
2013/14 (Proj.) Jun 473.12 577.10 35.29 472.66 107.57

filler filler filler filler filler 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world mi nus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains.



### World and U.S. Supply and Use for Cotton 1/

Million 480-lb. Bales

Output Total Supply Trade 2 / Total

Use 3 / Ending

Stocks

World 2011/12 125.14 174.59 45.88 103.31 71.22

2012/13 (Est.) 120.97 192.19 46.64 108.10 84.93
2013/14 (Proj.) May 117.82 202.60 39.50 110.43 92.74
2013/14 (Proj.) Jun 117.16 202.09 38.43 110.17 92.49

United States 2011/12 15.57 18.19 11.71 3.30 3.35

2012/13 (Est.) 17.32 20.67 13.60 3.45 3.60
2013/14 (Proj.) May 14.00 18.01 11.50 3.50 3.00
2013/14 (Proj.) Jun 13.50 17.11 11.00 3.50 2.60
Foreign 4/ 2011/12 109.57 156.39 34.16 100.01 67.87

2012/13 (Est.) 103.66 171.52 33.04 104.65 81.33
2013/14 (Proj.) May 103.82 184.59 28.00 106.93 89.74
2013/14 (Proj.) Jun 103.66 184.99 27.43 106.67 89.89

1/ Marketing year beginning August 1. 2/ Based on export estim ate. 3/ Includes U.S. domestic mill use only. 4/ Total Foreign is equal to world minus United States. See globa l cotton tables for treatment of export/import imbalances.

### June 2013

WASDE - 519 - 10

World and U.S. Supply and Use for Oilseeds 1/
(Million Metric Tons)

World Output Total Supply Trade Total

Use 2 / Ending

Stocks

Oilseeds 2011/12 442.07 524.81 111.13 393.67 65.14

2012/13 (Est.) 467.91 533.05 112.32 395.67 68.92
2013/14 (Proj.) May 491.34 561.68 124.69 408.42 82.63
2013/14 (Proj.) Jun 490.83 559.75 124.52 408.28 81.27

Oilmeals 2011/12 266.93 277.51 80.40 262.26 12.33

2012/13 (Est.) 268.43 280.77 80.11 266.05 11.16
2013/14 (Proj.) May 277.59 288.35 83.36 273.19 11.30
2013/14 (Proj.) Jun 277.47 288.64 83.35 273.25 11.65
Vegetable Oils 2011/12 156.96 171.51 63.43 151.98 17.70

2012/13 (Est.) 159.86 177.56 66.02 157.46 18.20
2013/14 (Proj.) May 166.11 183.96 68.12 161.84 19.63
2013/14 (Proj.) Jun 166.13 184.33 67.99 162.20 19.89

United States

Outpu t Tota l Suppl y Trad e Tota l

Use 2 / Endin g
Stock s

Oilseeds 2011/12 92.35 100.94 37.69 50.36 5.57

2012/13 (Est.) 92.63 99.47 37.21 49.50 5.27
2013/14 (Proj.) May 100.89 107.05 40.16 50.18 8.82
2013/14 (Proj.) Jun 100.73 106.94 40.16 50.18 8.90

Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34

2012/13 (Est.) 38.23 41.82 9.75 31.74 0.34
2013/14 (Proj.) May 38.82 42.38 9.57 32.48 0.33
2013/14 (Proj.) Jun 38.82 42.38 9.57 32.48 0.33
Vegetable Oils 2011/12 10.05 15.49 1.15 12.79 1.54

2012/13 (Est.) 10.08 15.45 1.48 12.80 1.17
2013/14 (Proj.) May 9.97 14.88 1.05 12.75 1.08
2013/14 (Proj.) Jun 9.97 14.92 1.05 12.75 1.12

filler filler filler filler filler Foreign 3/

Outpu t Tota l Suppl y Trad e Tota l

Use 2 / Endin g
Stock s

Oilseeds 2011/12 349.73 423.86 73.44 343.31 59.57

2012/13 (Est.) 375.28 433.58 75.12 346.17 63.66
2013/14 (Proj.) May 390.45 454.64 84.53 358.24 73.81
2013/14 (Proj.) Jun 390.10 452.81 84.36 358.10 72.37

Oilmeals 2011/12 227.41 234.58 71.24 228.83 12.00

2012/13 (Est.) 230.21 238.94 70.37 234.31 10.83
2013/14 (Proj.) May 238.77 245.97 73.79 240.72 10.97
2013/14 (Proj.) Jun 238.66 246.26 73.78 240.77 11.32
Vegetable Oils 2011/12 146.92 156.03 62.28 139.18 16.15

2012/13 (Est.) 149.78 162.11 64.55 144.66 17.03
2013/14 (Proj.) May 156.14 169.08 67.07 149.08 18.55
2013/14 (Proj.) Jun 156.16 169.41 66.94 149.45 18.77

1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total Foreign is equal to World minus United States.

### June 2013

WASDE - 519 - 11

U.S. Wheat Supply and Use 1/

2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

M illion Acres

Area Planted 54.4 55.7 56.4 * 56.4 *

Area Harvested 45.7 49.0 46.7 * 46.7 *

B ushels Yield per Harvested Acre 43.7 46.3 44.1 * 44.6 *

M illion Bushels Beginning Stocks 862 743 731 746

Production 1,999 2,269 2,057 2,080 Imports 112 125 130 130 Supply, Total 2,974 3,137 2,917 2,956

Food 941 945 958 958

Seed 76 76 74 74

Feed and Residual 164 360 290 290 Domestic, Total 1,182 1,381 1,322 1,322 Exports 1,050 1,010 925 975 Use, Total 2,231 2,391 2,247 2,297 Ending Stocks 743 746 670 659 CCC Inventory 0 0

Free Stocks 743 746 Outstanding Loans 0 0 Avg. Farm Price ($/bu) 2/ 7.24 7.80 6.15 - 7.45 6.25 - 7.55



### U.S. Wheat by Class: Supply and Use

Year beginning June 1 Hard

Winter Hard Spring Soft

Red White Durum Total

Millio n Bushels 2012/13 (Est.) Beginning Stocks 317 151 185 64 25 743

Production 1,004 505 420 259 82 2,269

Supply, Total 3/ 1,339 698 624 331 145 3,137

Domestic Use 588 280 315 110 88 1,381

Exports 403 217 188 174 28 1,010

Use, Total 991 497 503 284 116 2,391

Ending Stocks, Total Jun 348 200 120 47 30 746 Ending Stocks, Total May 340 199 115 46 30 731

Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketi ng-year weighted average price received by farmers. 3/ Includes imports. * Planted acres repor ted in the March 28, 2013, "Prospective Plantings." Harvested acres and yield for other spring wheat and durum are projected using 10-year harvested-to-planted ratios by state and 1985- 2012 yield trends by state (except Idaho durum). For May, wint er wheat harvested acres and yield reported in the May 10, 2013,"Crop Production." For June, winter wheat harvested acres and yield reported in the June 12, 2013,"Crop Production."

******************************************************************************

Wheat-by-class projections for 2013/14 will first be published in the July 11, 2013, WASDE.

******************************************************************************

### June 2013

WASDE - 519 - 12

U.S. Feed Grain and Corn Supply and Use 1/

FEED GRAINS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

M illion Acres

Area Planted 102.5 109.8 111.4 * 111.4 *

Area Harvested 91.1 96.6 100.5 * 100.5 *

M

etric Tons Yield per Harvested Acre 3.55 2.96 3.74 3.71

M illion Me t ric Tons Beginning Stocks 32.3 27.8 21.9 22.2

Production 323.6 285.8 375.8 372.4 Imports 2.7 6.2 2.7 2.7 Supply, Total 358.5 319.9 400.5 397.3

Feed and Residual 119.5 117.4 141.4 138.2

Food Seed & Industrial 170.2 160.2 167.4 168.8 Domestic, Total 289.7 277.6 308.8 307.0 Exports 41.0 20.0 37.1 37.1 Use, Total 330.7 297.6 345.9 344.1 Ending Stocks 27.8 22.2 54.6 53.2 CCC Inventory 0.0 0.0

Free Stocks 27.8 22.2 Outstanding Loans 1.1 1.3

CORN 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e M illion Acres

Area Planted 91.9 97.2 97.3 * 97.3 *

Area Harvested 84.0 87.4 89.5 * 89.5 *

B ushels Yield per Harvested Acre 147.2 123.4 158.0 * 156.5 *

M illion Bushels Beginning Stocks 1,128 989 759 769

Production 12,360 10,780 14,140 14,005 Imports 29 150 25 25 Supply, Total 13,516 11,919 14,924 14,799

Feed and Residual 4,545 4,400 5,325 5,200 Food, Seed & Industrial 2/ 6,439 6,050 6,295 6,350 Ethanol & by-products 3/ 5,011 4,650 4,850 4,900 Domestic, Total 10,985 10,450 11,620 11,550 Exports 1,543 700 1,300 1,300 Use, Total 12,527 11,150 12,920 12,850 Ending Stocks 989 769 2,004 1,949 CCC Inventory 0 0

Free Stocks 989 769 Outstanding Loans 41 50 Avg. Farm Price ($/bu) 4/ 6.22 6.75 - 7.15 4.30 - 5.10 4.40 - 5.20

Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see F eed Outlook table 5 or access the data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-g rains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-produc ts including distillers' grains, corn gluten feed , corn gluten meal, and corn oil. 4/ Marketing-year weighted average price recei ved by farmers. * Planted acres reported in the March 28, 2013, "Prosp ective Plantings." For corn, ha rvested acres projected based o n historical abandonment and use for silage. Projected yi eld based on a weather adjusted trend, lowe red to reflect the asymmetric yield res ponse to July precipitation and the slow pace of May planting. (See West cott and Jewison, Weather Effects on Expected Corn and Soybean Yields, USDA Agricultural Outlook Forum 2013, February 22, 2013.)

### June 2013

WASDE - 519 - 13

U.S. Sorghum, Barley, and Oats Supply and Use 1/

SORGHUM 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

Million Bus hels

Filler Filler Filler Filler Filler Area Planted (mil. acres) 5.5 6.2 7.6 * 7.6 * Area Harvested (mil. acres) 3.9 5.0 6.6 * 6.6 * Yield (bushels/acre) 54.6 49.8 64.4 * 64.4 * Beginning Stocks 27 23 22 22

Production 214 247 425 425 Imports 0 12 0 0 Supply, Total 242 282 447 447

Feed and Residual 71 100 120 120 Food, Seed & Industrial 85 80 120 120

Total Domestic 156 180 240 240 Exports 63 80 150 150 Use, Total 219 260 390 390 Ending Stocks 23 22 57 57 Avg. Farm Price ($/bu) 2/ 5.99 6.70 - 7.10 3.90 - 4.70 4.00 - 4.80

Filler Filler Filler Filler Filler BARLEY 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e

Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.6 3.6 3.6 * 3.6 * Area Harvested (mil. acres) 2.2 3.2 3.2 * 3.2 * Yield (bushels/acre) 69.6 67.9 68.8 * 68.8 * Beginning Stocks 89 60 74 74

Production 156 220 220 220 Imports 16 23 20 20 Supply, Total 261 303 314 314

Feed and Residual 38 65 75 75 Food, Seed & Industrial 155 155 155 155

Total Domestic 193 220 230 230 Exports 9 9 10 10 Use, Total 201 229 240 240 Ending Stocks 60 74 74 74 Avg. Farm Price ($/bu) 2/ 5.35 6.40 5.30 - 6.30 5.35 - 6.35

Filler Filler Filler Filler Filler OATS 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e

Filler Filler Filler Filler Filler Area Planted (mil. acres) 2.5 2.8 2.9 * 2.9 * Area Harvested (mil. acres) 0.9 1.0 1.2 * 1.2 * Yield (bushels/acre) 57.1 61.3 63.5 * 63.5 * Beginning Stocks 68 55 32 35

Production 54 64 73 73 Imports 94 93 95 95 Supply, Total 215 212 200 203

Feed and Residual 82 100 80 80 Food, Seed & Industrial 76 76 77 77

Total Domestic 158 176 157 157 Exports 2133 Use, Total 160 177 160 160 Ending Stocks 55 35 40 43 Avg. Farm Price ($/bu) 2/ 3.49 3.85 2.70 - 3.30 2.80 - 3.40

Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing y ear beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted av erage price received by farmers. * Plan ted acres reported in the March 28, 2013, "Prospective Plantings." Harvested area - For sorghum, harves ted acres are based on the 5-year Olympic average harvestedto-planted ratio, 2007-2011. For barley and oats, harvested acr es are based on the 5-year average harvested-to-planted ratios, 2008-2012. Yield - For sorghum the projected yield is based on the average for 1990-2012 excluding years that are more than 1 standard deviation from the mean for the period. For barley and oats, projected yields are based on the 1990- 2012 trends. Shown yields reflect production rounding.

### June 2013

WASDE - 519 - 14

U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)

TOTAL RICE 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

M illion Acres

Area Planted 2.69 2.70 2.61 * 2.61 *

Area Harvested 2.62 2.68 2.59 * 2.59 *

Filler P ounds Yield per Harvested Acre 7,067 7,449 7,317 * 7,317 *

Million Hundredweight Beginning Stocks 2/ 48.5 41.1 34.1 34.1

Production 184.9 199.5 189.5 189.5 Imports 19.4 21.5 22.5 22.5 Supply, Total 252.8 262.1 246.1 246.1

Domestic & Residual 3/ 110.1 120.0 115.0 115.0 Exports, Total 4/ 101.6 108.0 98.0 98.0 Rough 32.7 35.0 36.0 36.0 Milled (rough equiv.) 68.9 73.0 62.0 62.0 Use, Total 211.7 228.0 213.0 213.0 Ending Stocks 41.1 34.1 33.1 33.1 Avg. Milling Yield (%) 5/ 69.93 70.00 70.25 70.25 Avg. Farm Price ($/cwt) 6/ 14.50 14.80 - 15.00 14.30 - 15.30 14.50 - 15.50

Total

LONG-GRAIN RICE 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e Harvested Acres (mil.) 1.74 1.98 Yield (pounds/acre) 6,691 7,285 Beginning Stocks 35.6 24.3 20.4 21.4

Production 116.4 144.2 135.5 135.5 Supply, Total 7/ 168.9 187.4 175.9 176.9

Domestic & Residual 3/ 77.9 90.0 85.0 85.0 Exports 8/ 66.8 76.0 69.0 69.0 Use, Total 144.7 166.0 154.0 154.0 Ending Stocks 24.3 21.4 21.9 22.9 Avg. Farm Price ($/cwt) 6/ 13.40 14.30 - 14.50 13.80 - 14.80 13.90 - 14.90

Filler Filler Filler Filler Filler

MEDIUM & SHORT-GRAIN RICE 2011 / 12 201 2 / 13 Est

. 2013 / 14 P roj

. 2013 / 14 Proj

.

Ma y Jun e Harvested Acres (mil.) 0.88 0.70 Yield (pounds/acre) 7,812 7,914 Beginning Stocks 10.1 14.7 11.5 10.5

Production 68.6 55.3 54.0 54.0 Supply, Total 7/ 81.7 72.5 68.0 67.0

Domestic & Residual 3/ 32.2 30.0 30.0 30.0 Exports 8/ 34.8 32.0 29.0 29.0 Use, Total 67.0 62.0 59.0 59.0 Ending Stocks 14.7 10.5 9.0 8.0 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 16.00 - 16.20 15.50 - 16.50 15.80 - 16.80

Filler Filler Filler Filler Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Include s the following quantities of broke n kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2011/12-2.7; 2012/13-2.1; 2013/ 14-2.1. 3/ Residual includes un reported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in br okens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are c onverted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the tot al quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. Data supplied by the USA Rice Federation. The 2013/14 milling yield is c alculated using the previous fiveyear Olympic average-- 2008/09-2012/13. 6/ Mark eting-year weighted average price receive d by farmers. 7/ Includes imports. 8/ E xports by type of rice are estimated. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price po ols in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average differe nce between the August WASDE SAFP forecast a nd the final price has averaged $1.68 per cwt from 2008/09 through 2011/12, with a high of $3.50 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. * Planted acres reported in March 28, 2 013, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-pla nted ratios by rice class, 2008-2012. Projected yield is based on linear trend analysis by rice classfor the period 1982/83 to 2012/13.



### June 2013

WASDE - 519 - 15

U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/

SOYBEANS 2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

Filler Filler Filler Filler Filler M illion Acres

Area Planted 75.0 77.2 77.1 * 77.1 *

Area Harvested 73.8 76.1 76.2 * 76.2 *

Filler B ushels Yield per Harvested Acre 41.9 39.6 44.5 * 44.5 *

M illion Bushels Beginning Stocks 215 169 125 125

Production 3,094 3,015 3,390 3,390 Imports 16 25 15 15 Supply, Total 3,325 3,209 3,530 3,530 Crushings 1,703 1,660 1,695 1,695 Exports 1,362 1,330 1,450 1,450

Seed 90 90 87 87

Residual 1 5 33 33 Use, Total 3,155 3,085 3,264 3,264 Ending Stocks 169 125 265 265 Avg. Farm Price ($/bu) 2/ 12.50 14.35 9.50 - 11.50 9.75 - 11.75

Total

SOYBEAN OIL 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e

Filler Filler Filler Filler Filler M illion Pounds Beginning Stocks 2,425 2,540 1,635 1,730

Production 19,740 19,590 19,495 19,495 Imports 149 350 250 250 Supply, Total 22,314 22,480 21,380 21,475 Domestic Disappearance 18,310 18,550 18,550 18,550

Biodiesel 3/ 4,870 4,900 5,400 5,400 Food, Feed & other Industrial 13,440 13,650 13,150 13,150 Exports 1,464 2,200 1,300 1,300 Use, Total 19,774 20,750 19,850 19,850 Ending stocks 2,540 1,730 1,530 1,625 Avg. Price (c/lb) 2/ 51.90 48.50 47.00 - 51.00 47.00 - 51.00

Total

SOYBEAN MEAL 2011 / 12 201 2 / 13 Est

. 2013 / 14 Proj

. 2013 / 14 Proj

.

Ma y Jun e

Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 350 300 300 300

Production 41,025 39,450 40,235 40,235 Imports 216 350 165 165 Supply, Total 41,591 40,100 40,700 40,700 Domestic Disappearance 31,550 29,400 30,200 30,200 Exports 9,741 10,400 10,200 10,200 Use, Total 41,291 39,800 40,400 40,400 Ending Stocks 300 300 300 300 Avg. Price ($/s.t.) 2/ 393.53 450.00 280.00 - 320.00 290.00 - 330.00

Total

Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oi l, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decat ur. 3/ Source: U.S. Energy Information Administration. * Planted acres are reporte d in the March 28, 2013 "Prospective Plantings ". Harvested acres based on the 5-yea r average harvested-to-planted ratio. Projected yields based on 1988-2012 tr end analysis adjusted for w eather during the growing season.

### June 2013

WASDE - 519 - 16

U.S. Sugar Supply and Use 1/

2011/12 2012/13 Est. 2013/14 Proj. 2013/14 Proj.

Ma y Ju n

Filler Filler Filler Filler Filler 1,000 Short Tons, R aw Value
Beginning Stocks 1,378 1,985 2,168 2,231

Production 2/ 8,488 9,015 8,584 8,584 Beet Sugar 4,900 5,100 4,840 4,840 Cane Sugar 3,588 3,915 3,744 3,744

Florida 1,828 1,866 1,833 1,833

Hawaii 172 180 180 180

Louisiana 1,438 1,700 1,561 1,561

Texas 150 169 170 170 Imports 3,631 2,966 3,438 3,810 TRQ 3/ 1,883 1,040 1,265 1,265 Other Program 4/ 664 125 400 400

Other 5/ 1,084 1,801 1,773 2,145

Mexico 1,071 1,791 1,763 2,135 Total Supply 13,497 13,966 14,190 14,625

Exports 269 200 200 200

Deliveries 11,243 11,535 11,745 11,745

Food 6/ 11,070 11,400 11,560 11,560

Other 7/ 173 135 185 185

Miscellaneous 0000

Total Use 11,512 11,735 11,945 11,945 Ending Stocks 1,985 2,231 2,245 2,680

Stocks to Use Ratio 17.2 19.0 18.8 22.4

Total

1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data". 2/ Production projections for 2013/14 a re based on March 30 Prospective Plantings and trend yields. 3/ For 2013/14, includes only U.S. commitments under current trade agreements, minus shortfall. The Secretary will establish the actual level of the TRQ at a later date. For 2012/13, shortfall (514). For 2013/14, shortfall (200). 4/ Includes sugar under the re-e xport and polyhydric alcohol programs. 5/ For 2011/12, other hig htier (13) and other (0). For 2012/13, other high-tier (10) and ot her (0). For 2013/14, other high-tier (10) and other (0). 6/C ombines

SMD deliveries for domestic human food use and SMD miscellane ous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed.



### Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/

Beginning

Stocks Production Imports Domestic 2/ Exports Ending

Stocks

Sugar 1,000 Metric Tons, Actual Weight

2012/13 Est. May 966 6,215 137 4,540 1,618 1,160

2012/13 Est. Jun 966 6,840 137 4,540 1,718 1,685

2013/14 Proj. May 1,160 5,887 137 4,600 1,519 1,065 2013/14 Proj. Jun 1,685 5,887 137 4,600 1,937 1,172

1/ HFCS imports by Mexico (1,000 metric tons, dry basi s): Oct-Sep 2011/12 = 1,283; Oct-Feb 2011/12 = 589; Oct-Feb 2012/13 = 549. Footnote source: Comite Nacional para el Desarollo Sustenta ble de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual st atistical discrepancies. IMMEX: 2012/13 (340 est), 2013/14 (340 proj).

### June 2013

WASDE - 519 - 17

U.S. Cotton Supply and Use 1/

2011/012 2012/013 Est. 2013/014 Proj. 2013/014 Proj.

Ma y Ju n

Filler Filler Filler Filler Filler Area M illion Acres

Planted 14.74 12.31 10.03 * 10.03 **

Harvested 9.46 9.37 8.40 * 8.10 **

Filler P ounds Yield per Harvested Acre 790 887 800 * 800 **

M illion 480 Pound Bales Beginning Stocks 2.60 3.35 4.00 3.60

Production 15.57 17.32 14.00 13.50 Imports 0.02 0.01 0.01 0.01 Supply, Total 18.19 20.67 18.01 17.11

Domestic Use 3.30 3.45 3.50 3.50 Exports, Total 11.71 13.60 11.50 11.00 Use, Total 15.01 17.05 15.00 14.50

Unaccounted 2/ -0.17 0.02 0.01 0.01 Ending Stocks 3.35 3.60 3.00 2.60 Avg. Farm Price 3/ 88.3 72.0 68.0 - 88.0 73.0 - 93.0

Total

Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the differe nce between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton. *Plant ed acres as reported in the March 28, 2013 Prospective Plantings. Production based on the 2010/11 through 2012/13 aver age area abandonment and yield per harvested acre, weighted by region. Abandonment for the Southwest regi on is estimated at 25 percent due to continued drought conditions. **Planted acres as reported in the March 28, 2013 Prospective Plantings. Production based on the 2010/11 through 2012/13 average area abandonment and yield per harvested acre, weighted by region. Abandonment for the Southwest region is estimated at 32 percent due to continued drought conditions.

### June 2013

WASDE - 519 - 18

World Wheat Supply and Use 1/
(Million Metric Tons)



### 2011/12 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 199.21 697.17 148.68 145.96 696.91 157.79 199.47

United States 23.47 54.41 3.05 4.46 32.16 28.56 20.21 Total Foreign 175.74 642.76 145.63 141.50 664.76 129.23 179.26 Major Exporters 4/ 31.33 208.04 7.99 65.00 148.56 71.48 27.32 Argentina 4.11 15.50 0.01 0.10 5.95 12.90 0.76

Australia 8.18 29.92 0.12 3.20 6.51 24.66 7.06

Canada 7.36 25.29 0.49 4.70 9.85 17.35 5.93

EU-27 5/ 11.68 137.33 7.37 57.00 126.25 16.57 13.56 Major Importers 6/ 89.31 188.50 79.71 37.88 261.31 7.71 88.50

Brazil 1.86 5.80 7.31 0.50 11.20 2.04 1.73

China 59.09 117.40 2.93 24.00 122.50 0.98 55.95

Sel. Mideast 7/ 7.59 17.62 16.26 3.83 33.92 1.33 6.21

N. Africa 8/ 12.21 18.31 24.24 3.18 40.57 0.45 13.74

Pakistan 3.26 25.00 0.20 0.40 23.10 1.10 4.26

Southeast Asia 9/ 3.93 0.00 17.40 3.98 16.02 0.73 4.58

Selected Other 0.00

India 15.36 86.87 0.02 3.10 81.41 0.89 19.95

FSU-12 23.67 115.03 8.02 27.85 79.78 39.82 27.13

Russia 13.74 56.24 0.55 15.50 38.00 21.63 10.90

Kazakhstan 2.88 22.73 0.01 2.60 7.40 11.84 6.38

Ukraine 3.34 22.32 0.08 6.10 14.95 5.44 5.36



### 2012/13 Est. Beginning

Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 199.47 655.59 143.77 129.83 675.19 139.26 179.87

United States 20.21 61.76 3.40 9.80 37.59 27.49 20.29 Total Foreign 179.26 593.84 140.37 120.03 637.61 111.78 159.57 Major Exporters 4/ 27.32 192.34 6.30 58.30 142.74 64.80 18.42 Argentina 0.76 11.00 0.01 0.10 6.00 5.00 0.77

Australia 7.06 22.08 0.12 3.50 6.84 19.00 3.42

Canada 5.93 27.20 0.48 4.70 9.90 18.80 4.91

EU-27 5/ 13.56 132.06 5.70 50.00 120.00 22.00 9.32 Major Importers 6/ 88.50 186.94 78.13 30.04 257.59 7.09 88.89

Brazil 1.73 4.30 7.70 0.20 10.90 1.90 0.93

China 55.95 120.60 3.20 20.00 120.00 1.00 58.75

Sel. Mideast 7/ 6.21 17.42 20.33 2.48 33.38 1.04 9.54

N. Africa 8/ 13.74 17.23 21.20 2.38 40.69 0.58 10.91

Pakistan 4.26 23.30 0.20 0.40 23.40 0.80 3.56

Southeast Asia 9/ 4.58 0.00 15.30 3.09 15.63 0.77 3.49

Selected Other 0.00

India 19.95 94.88 0.01 3.40 84.14 6.50 24.20

FSU-12 27.13 77.21 6.81 20.53 71.52 25.28 14.36

Russia 10.90 37.72 1.00 11.50 33.15 11.05 5.42

Kazakhstan 6.38 9.84 0.01 2.00 6.80 6.50 2.93

Ukraine 5.36 15.76 0.10 3.50 12.00 7.00 2.22
1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the EU-27. 5/ Trade exclude s intra-trade. 6/ Brazil, Chin a, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tuni sia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 19

World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons)



### 2013/14 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ May 180.17 701.10 140.43 136.49 694.89 143.32 186.38

Jun 179.87 695.86 140.83 133.99 694.48 144.12 181.25

United States May 19.89 55.98 3.54 7.89 35.98 25.17 18.25

Jun 20.29 56.61 3.54 7.89 35.98 26.54 17.93 Total Foreign May 160.28 645.12 136.90 128.60 658.91 118.15 168.14

Jun 159.57 639.24 137.30 126.10 658.50 117.58 163.32 Major Exporters 4/ May 20.02 205.27 7.12 62.30 146.55 59.50 26.35

Jun 18.42 203.94 6.62 61.30 145.55 61.50 21.92 Argentina May 0.77 13.00 0.01 0.10 6.05 7.00 0.72

Jun 0.77 13.00 0.01 0.10 6.05 7.00 0.72

Australia May 4.22 24.50 0.12 3.70 7.05 17.00 4.79

Jun 3.42 24.50 0.12 3.70 7.05 17.00 3.99

Canada May 5.21 29.00 0.49 4.50 9.70 18.50 6.50

Jun 4.91 29.00 0.49 4.50 9.70 19.00 5.70

EU-27 5/ May 9.82 138.77 6.50 54.00 123.75 17.00 14.35

Jun 9.32 137.44 6.00 53.00 122.75 18.50 11.52 Major Importers 6/ May 88.57 194.69 74.14 30.61 260.02 6.22 91.15

Jun 88.89 194.64 75.14 30.61 260.72 6.25 91.69

Brazil May 0.93 5.00 7.50 0.40 11.20 1.00 1.23

Jun 0.93 5.00 7.50 0.40 11.20 1.00 1.23

China May 58.75 121.00 3.50 20.00 120.50 1.00 61.75

Jun 58.75 121.00 3.50 20.00 120.50 1.00 61.75

Sel. Mideast 7/ May 9.39 19.99 15.84 3.58 34.64 1.04 9.54

Jun 9.54 19.99 16.84 3.58 35.14 1.04 10.19

N. Africa 8/ May 10.71 20.46 20.60 2.28 41.06 0.58 10.13

Jun 10.91 20.41 20.60 2.28 41.26 0.58 10.08

Pakistan May 3.56 24.00 0.20 0.40 23.50 0.80 3.46

Jun 3.56 24.00 0.20 0.40 23.50 0.80 3.46

Southeast Asia 9/ May 3.52 0.00 16.60 3.16 16.12 0.71 3.29

Jun 3.49 0.00 16.60 3.16 16.12 0.74 3.23

Selected Other

India May 24.20 92.00 0.01 3.50 87.01 8.00 21.20

Jun 24.20 92.00 0.01 3.50 88.01 8.00 20.20

FSU-12 May 14.36 107.09 6.76 25.30 76.31 35.70 16.20

Jun 14.36 102.59 6.76 23.80 74.81 33.20 15.70

Russia May 5.42 56.00 0.50 15.50 37.50 18.00 6.42

Jun 5.42 54.00 0.50 14.50 36.50 17.00 6.42

Kazakhstan May 2.93 15.00 0.01 2.40 7.20 7.50 3.24

Jun 2.93 15.00 0.01 2.40 7.20 7.50 3.24

Ukraine May 2.22 22.00 0.10 4.00 12.00 9.50 2.82

Jun 2.22 19.50 0.10 3.50 11.50 8.00 2.32

1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to di fferences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada , and the EU-27. 5/ Trade exclude s intra-trade. 6/ Brazil, Chin a, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 20

World Coarse Grain Supply and Use 1/
(Million Metric Tons)



### 2011/12 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 165.74 1,154.63 128.24 656. 33 1,154.73 146.73 165.65

United States 32.29 323.73 2.87 119.60 290.03 41.03 27.82 Total Foreign 133.46 830.91 125.38 536.74 864.69 105.71 137.83 Major Exporters 4/ 24.96 154.52 2.13 74.75 101.70 60.65 19.27 Argentina 5.68 30.11 0.01 6.85 10.51 23.86 1.43

Australia 1.54 12.35 0.00 4.33 5.91 6.92 1.06

Brazil 10.61 75.88 1.09 45.54 53.74 24.34 9.51

Canada 3.55 22.92 0.90 13.04 20.28 3.70 3.39 Major Importers 5/ 36.87 227.42 92.02 233.28 310.63 7.75 37.92

EU-27 6/ 16.30 147.71 7.02 111.24 148.76 6.47 15.80 Japan 1.18 0.18 17.73 13.18 17.99 0.00 1.09

Mexico 2.10 25.75 12.76 21.48 38.05 0.69 1.87

N. Afr & Mideast 7/ 10.51 28.01 25.01 44.26 51.83 0.23 11.47

Saudi Arabia 1.65 0.45 10.53 9.13 9.50 0.00 3.13

Southeast Asia 8/ 3.05 25.08 6.75 23.96 31.87 0.36 2.65

South Korea 1.64 0.21 7.73 5.73 8.03 0.00 1.54

Selected Other 0.00

China 50.13 199.30 7.92 132.40 196.99 0.13 60.23

FSU-12 5.50 78.67 1.05 38.57 54.28 24.61 6.32

Russia 1.88 33.08 0.41 18.00 27.63 5.82 1.91

Ukraine 2.15 33.48 0.10 11.70 15.56 17.74 2.42



### 2012/13 Est.

Beginnin g
Stock s Productio n Import s Domesti c
Fee d Domesti c
Total 2 / Export s Endin g
Stock s

World 3/ 165.65 1,126.88 125.02 668. 48 1,139.26 117.18 153.27

United States 27.82 286.01 6.42 117.55 277.98 20.03 22.24 Total Foreign 137.83 840.88 118.60 550.93 861.28 97.15 131.03 Major Exporters 4/ 19.27 164.77 1.77 77.46 105.89 58.59 21.32 Argentina 1.43 37.65 0.01 7.39 11.70 25.91 1.48

Australia 1.06 10.34 0.00 3.96 5.54 4.95 0.91

Brazil 9.51 79.77 1.11 47.34 56.09 21.53 12.76

Canada 3.39 24.30 0.55 13.71 21.19 4.28 2.77 Major Importers 5/ 37.92 225.97 88.73 236.77 315.25 6.67 30.71

EU-27 6/ 15.80 143.12 11.06 113.81 152.23 6.26 11.49 Japan 1.09 0.18 17.51 12.90 17.71 0.00 1.07

Mexico 1.87 29.08 9.40 21.25 38.17 0.15 2.03

N. Afr & Mideast 7/ 11.47 27.18 21.58 43.68 50.95 0.13 9.16

Saudi Arabia 3.13 0.45 9.73 9.85 10.43 0.00 2.87

Southeast Asia 8/ 2.65 25.69 6.92 25.06 32.97 0.14 2.15

South Korea 1.54 0.22 8.09 6.04 8.32 0.00 1.53

Selected Other 0.00

China 60.23 212.39 5.65 145.50 216.28 0.11 61.89

FSU-12 6.32 69.02 0.77 35.40 50.28 21.01 4.83

Russia 1.91 28.66 0.30 16.30 25.03 4.46 1.38

Ukraine 2.42 29.53 0.08 10.40 14.14 15.87 2.02

1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in som e countries. 4/ Argentina, Australia, Canada, Brazil, a nd South Africa. 5/ The EU-27, Mexico, Japa n, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trad e excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syri a, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 21

World Coarse Grain Supply and Use 1/ (Cont'd.)
(Million Metric Tons)



### 2013/14 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ May 154.32 1,253.30 126.36 717. 70 1,221.49 133.90 186.13

Jun 153.27 1,250.03 126.66 714. 38 1,219.72 134.40 183.58

United States May 21.95 376.00 2.89 141.48 309.16 37.10 54.57

Jun 22.24 372.57 2.89 138.30 307.38 37.10 53.22 Total Foreign May 132.38 877.31 123.48 576.23 912.34 96.80 131.56

Jun 131.03 877.46 123.78 576.08 912.34 97.30 130.37 Major Exporters 4/ May 20.44 162.13 1.87 78.71 107.85 53.54 23.05

Jun 21.32 162.13 1.87 78.71 107.85 53.54 23.93 Argentina May 1.48 36.86 0.01 7.70 12.36 23.91 2.09

Jun 1.48 36.86 0.01 7.70 12.36 23.91 2.09

Australia May 0.91 11.14 0.00 4.11 5.69 5.25 1.11

Jun 0.91 11.14 0.00 4.11 5.69 5.25 1.11

Brazil May 11.76 74.81 1.21 48.36 57.13 18.01 12.64

Jun 12.76 74.81 1.21 48.36 57.13 18.01 13.64

Canada May 2.77 25.83 0.55 13.40 21.10 4.35 3.69

Jun 2.77 25.83 0.55 13.40 21.10 4.35 3.69 Major Importers 5/ May 30.76 239.84 88.71 241.49 321.53 7.06 30.72

Jun 30.71 240.04 89.01 241.64 321.68 7.06 31.03

EU-27 6/ May 11.49 151.60 7.36 112.83 152.10 6.56 11.78

Jun 11.49 151.95 7.36 112.83 152.10 6.56 12.14 Japan May 1.07 0.19 18.54 13.92 18.73 0.00 1.06

Jun 1.07 0.19 18.54 13.92 18.73 0.00 1.06

Mexico May 2.08 30.47 10.25 22.95 40.22 0.15 2.43

Jun 2.03 30.47 10.25 22.95 40.22 0.15 2.38

N. Afr & Mideast 7/ May 9.16 30.51 22.23 45.37 52.79 0.11 9.00

Jun 9.16 30.36 22.23 45.32 52.74 0.11 8.90

Saudi Arabia May 2.87 0.35 9.90 9.93 10.50 0.00 2.62

Jun 2.87 0.35 9.90 9.93 10.50 0.00 2.62

Southeast Asia 8/ May 2.15 26.46 7.70 26.07 34.17 0.24 1.89

Jun 2.15 26.46 8.00 26.27 34.37 0.24 1.99

South Korea May 1.53 0.21 8.29 6.25 8.52 0.00 1.51

Jun 1.53 0.21 8.29 6.25 8.52 0.00 1.51

Selected Other

China May 64.29 218.48 9.45 157.40 233.13 0.11 58.99

Jun 61.89 218.48 9.45 157.40 233.13 0.11 56.59

FSU-12 May 4.63 82.39 0.79 38.40 55.38 25.94 6.48

Jun 4.83 82.34 0.79 38.50 55.53 25.94 6.48

Russia May 1.18 36.10 0.30 18.60 28.90 6.41 2.27

Jun 1.38 36.10 0.30 18.70 29.10 6.41 2.27

Ukraine May 2.02 34.55 0.08 10.95 15.13 18.68 2.84

Jun 2.02 34.50 0.08 10.95 15.08 18.68 2.84

1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjust ed to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting di screpancies in some countries. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The EU-27, Mexico, Japan, selected No rth Africa and Middle East, South Korea, S outheast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egyp t, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and T urkey. 8/ Indonesia, Malaysia, Philippine s, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 22

World Corn Supply and Use 1/
(Million Metric Tons)



### 2011/12 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 128.11 883.25 100.02 505.36 879.07 117.00 132.30

United States 28.64 313.95 0.74 115.46 279.02 39.18 25.12 Total Foreign 99.47 569.30 99.29 389.90 600.04 77.81 107.18 Major Exporters 4/ 17.82 106.76 0.79 52.75 68.20 43.30 13.88 Argentina 4.13 21.00 0.01 4.80 7.00 17.15 0.99

Brazil 10.28 73.00 0.77 43.00 50.50 24.34 9.21

South Africa 3.42 12.76 0.01 4.95 10.70 1.81 3.68 Major Importers 5/ 12.90 115.44 58.09 119.09 166.84 4.28 15.31 Egypt 1.27 5.50 7.15 9.70 11.70 0.01 2.22

EU-27 6/ 4.83 66.09 6.21 52.00 67.20 3.21 6.71 Japan 0.62 0.00 14.89 10.40 14.90 0.00 0.61

Mexico 1.11 18.73 11.12 13.20 29.00 0.69 1.27

Southeast Asia 7/ 3.05 25.03 6.74 23.90 31.80 0.36 2.64

South Korea 1.59 0.07 7.64 5.69 7.82 0.00 1.48

Selected Other 0.00

Canada 1.26 11.36 0.87 6.40 11.64 0.49 1.37

China 49.42 192.78 5.23 131.00 188.00 0.09 59.34

FSU-12 1.90 34.12 0.33 13.85 16.32 17.49 2.55

Ukraine 1.12 22.84 0.05 6.50 7.80 15.16 1.05



### 2012/13 Est.

Beginning

Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 132.30 855.72 97.00 517.15 863.71 89.01 124.31

United States 25.12 273.83 3.81 111.77 265.44 17.78 19.54 Total Foreign 107.18 581.89 93.19 405.39 598.27 71.23 104.77 Major Exporters 4/ 13.88 115.70 0.84 55.00 71.40 42.40 16.61 Argentina 0.99 26.50 0.01 5.00 7.60 19.00 0.90

Brazil 9.21 77.00 0.80 45.00 53.00 21.50 12.51

South Africa 3.68 12.20 0.03 5.00 10.80 1.90 3.20 Major Importers 5/ 15.31 109.72 55.20 117.80 166.63 1.79 11.81 Egypt 2.22 5.80 4.00 8.70 10.70 0.01 1.31

EU-27 6/ 6.71 56.65 10.50 52.00 67.90 1.50 4.46 Japan 0.61 0.00 14.50 10.00 14.50 0.00 0.61

Mexico 1.27 21.50 7.00 12.00 28.20 0.15 1.42

Southeast Asia 7/ 2.64 25.63 6.90 25.00 32.90 0.13 2.15

South Korea 1.48 0.08 8.00 6.00 8.10 0.00 1.47

Selected Other 0.00

Canada 1.37 13.06 0.50 7.00 12.50 1.00 1.43

China 59.34 205.60 3.00 144.00 207.00 0.05 60.89

FSU-12 2.55 32.40 0.29 15.07 17.64 15.86 1.74

Ukraine 1.05 20.92 0.05 6.40 7.70 13.50 0.82

1/ Aggregate of local marketing years. 2/ Total forei gn and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Ko rea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia , Philippines, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 23

World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons)



### 2013/14 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ May 125.43 965.94 98.68 561.67 936.74 104.62 154.63

Jun 124.31 962.58 98.98 558.40 935.06 105.12 151.83

United States May 19.29 359.17 0.64 135.26 295.16 33.02 50.91

Jun 19.54 355.74 0.64 132.09 293.38 33.02 49.52 Total Foreign May 106.14 606.77 98.05 426.41 641.57 71.60 103.72

Jun 104.77 606.84 98.35 426.31 641.67 72.10 102.32 Major Exporters 4/ May 15.73 112.00 0.84 56.40 73.30 38.50 16.77

Jun 16.61 112.00 0.84 56.40 73.30 38.50 17.65 Argentina May 0.90 27.00 0.01 5.30 8.30 18.50 1.11

Jun 0.90 27.00 0.01 5.30 8.30 18.50 1.11

Brazil May 11.51 72.00 0.80 46.00 54.00 18.00 12.31

Jun 12.51 72.00 0.80 46.00 54.00 18.00 13.31

South Africa May 3.32 13.00 0.03 5.10 11.00 2.00 3.35

Jun 3.20 13.00 0.03 5.10 11.00 2.00 3.23 Major Importers 5/ May 11.86 118.94 54.08 119.70 169.93 2.90 12.06

Jun 11.81 119.01 54.38 119.90 170.13 2.90 12.18

filler filler filler filler filler filler filler Egypt May 1.31 5.60 4.90 8.90 10.90 0.01 0.90

Jun 1.31 5.60 4.90 8.90 10.90 0.01 0.90

EU-27 6/ May 4.46 63.80 7.00 51.00 67.80 2.50 4.96

Jun 4.46 63.88 7.00 51.00 67.80 2.50 5.03 Japan May 0.61 0.00 15.50 11.00 15.50 0.00 0.61

Jun 0.61 0.00 15.50 11.00 15.50 0.00 0.61

Mexico May 1.47 23.00 6.50 12.50 29.00 0.15 1.82

Jun 1.42 23.00 6.50 12.50 29.00 0.15 1.77

Southeast Asia 7/ May 2.15 26.40 7.68 26.00 34.10 0.24 1.89

Jun 2.15 26.40 7.98 26.20 34.30 0.24 1.99

South Korea May 1.47 0.08 8.20 6.20 8.30 0.00 1.45

Jun 1.47 0.08 8.20 6.20 8.30 0.00 1.45

Selected Other

Canada May 1.43 13.80 0.50 7.10 12.80 1.00 1.93

Jun 1.43 13.80 0.50 7.10 12.80 1.00 1.93

China May 63.29 212.00 7.00 156.00 224.00 0.05 58.24

Jun 60.89 212.00 7.00 156.00 224.00 0.05 55.84

FSU-12 May 1.54 39.76 0.29 16.62 19.49 19.34 2.77

Jun 1.74 39.76 0.29 16.72 19.69 19.34 2.77

Ukraine May 0.82 26.00 0.05 7.00 8.60 16.50 1.77

Jun 0.82 26.00 0.05 7.00 8.60 16.50 1.77

1/ Aggregate of local marketing years. 2/ Total foreign a nd world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not ba lance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trad e. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### June 2013

WASDE - 519 - 24

World Rice Supply and Use (Milled Basis) 1/

(Million Metric Tons)



### 2011/12 Beginning

Stocks Production Imports Total /2

Domestic Exports Ending

Stocks

World 3/ 98.73 465.81 35.46 459.70 39.11 104.84

United States 1.51 5.87 0.62 3.47 3.22 1.30 Total Foreign 97.21 459.94 34.85 456.23 35.89 103.54 Major Exporters 4/ 31.56 159.12 0.75 125.93 28.49 37.01

India 23.50 105.31 0.00 93.33 10.38 25.10

Pakistan 0.50 6.20 0.05 2.55 3.46 0.75

Thailand 5.62 20.46 0.60 10.40 6.95 9.33

Vietnam 1.94 27.15 0.10 19.65 7.72 1.83 Major Importers 5/ 12.23 62.19 14.13 76.58 1.21 10.76

Brazil 0.80 7.89 0.73 7.93 0.95 0.54

EU-27 6/ 1.18 2.11 1.30 3.14 0.21 1.23

Indonesia 6.18 36.50 1.96 39.55 0.00 5.09 Nigeria 0.44 2.88 3.20 5.40 0.00 1.12 Philippines 2.46 10.70 1.20 12.85 0.00 1.51

Sel. Mideast 7/ 1.13 1.67 3.93 5.78 0.02 0.93

Selected Other 0.00

Burma 0.51 10.82 0.00 10.20 0.69 0.43

C. Amer & Carib 8/ 0.38 1.70 1.53 3.14 0.00 0.47

China 42.57 140.70 1.79 139.60 0.44 45.02 Egypt 0.12 4.25 0.34 3.62 0.60 0.49 Japan 2.71 7.65 0.64 8.05 0.20 2.75

Mexico 0.22 0.11 0.65 0.83 0.00 0.15

South Korea 1.03 4.22 0.38 4.91 0.00 0.73



### 2012/13 Est.

Beginning

Stocks Production Imports Total /2

Domestic Exports Ending

Stocks

World 3/ 104.84 470.19 35.54 469.25 38.14 105.78

United States 1.30 6.33 0.68 3.81 3.43 1.08 Total Foreign 103.54 463.86 34.86 465.44 34.71 104.70 Major Exporters 4/ 37.01 157.85 0.74 129.39 27.10 39.11

India 25.10 104.00 0.00 96.10 9.00 24.00

Pakistan 0.75 6.00 0.04 2.69 3.20 0.90

Thailand 9.33 20.20 0.60 10.50 7.50 12.13

Vietnam 1.83 27.65 0.10 20.10 7.40 2.08 Major Importers 5/ 10.76 63.65 13.25 77.47 1.05 9.14

Brazil 0.54 8.16 0.70 7.90 0.80 0.70

EU-27 6/ 1.23 2.10 1.20 3.14 0.20 1.19

Indonesia 5.09 37.50 1.50 40.00 0.00 4.09 Nigeria 1.12 2.37 2.60 5.50 0.00 0.59 Philippines 1.51 11.35 1.50 12.93 0.00 1.43

Sel. Mideast 7/ 0.93 1.67 4.18 5.88 0.02 0.88

Selected Other 0.00

Burma 0.43 10.67 0.00 10.20 0.75 0.15

C. Amer & Carib 8/ 0.47 1.58 1.47 3.08 0.00 0.43

China 45.02 143.00 2.90 144.00 0.30 46.62 Egypt 0.49 4.68 0.05 3.90 0.85 0.46 Japan 2.75 7.76 0.70 8.25 0.20 2.75

Mexico 0.15 0.13 0.73 0.84 0.00 0.17

South Korea 0.73 4.01 0.60 4.61 0.00 0.72

1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. Total

domestic includes both domestic use and unreported disappearance. 3/ World impor ts and exports may not balance due to differen ces in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Co te d'Ivoire, Nigeria, Philippin es, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ C entral

American and Caribbean countries.

### June 2013

WASDE - 519 - 25

World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)

(Million Metric Tons)



### 2013/14 Proj. Beginning

Stocks Production Imports Total /2

Domestic Exports Ending

Stocks

World 3/ May 105.43 479.26 36.31 476.84 38.91 107.84

Jun 105.78 479.16 36.02 476.32 38.41 108.62

United States May 1.08 6.04 0.71 3.66 3.12 1.05

filler filler filler filler filler filler Jun 1.08 6.04 0.71 3.66 3.12 1.05 Total Foreign May 104.35 473.22 35.59 473.19 35.79 106.79

filler filler filler filler filler filler Jun 104.70 473.12 35.30 472.66 35.29 107.57 Major Exporters 4/ May 38.61 163.15 0.70 132.40 27.90 42.16

Jun 39.11 163.15 0.70 132.40 27.40 43.16

India May 24.00 108.00 0.00 98.50 8.50 25.00

Jun 24.00 108.00 0.00 98.50 8.50 25.00

filler filler filler filler filler filler Pakistan May 0.90 6.20 0.00 2.70 3.20 1.20

Jun 0.90 6.20 0.00 2.70 3.20 1.20

Thailand May 11.63 21.10 0.60 10.60 8.50 14.23

Jun 12.13 21.10 0.60 10.60 8.00 15.23

Vietnam May 2.08 27.85 0.10 20.60 7.70 1.73

Jun 2.08 27.85 0.10 20.60 7.70 1.73 Major Importers 5/ May 9.29 65.47 13.17 78.30 1.45 8.19

Jun 9.14 65.47 12.67 77.90 1.45 7.94

Brazil May 0.70 8.50 0.75 7.80 1.20 0.95

filler filler filler filler filler filler Jun 0.70 8.50 0.75 7.80 1.20 0.95

EU-27 6/ May 1.19 2.11 1.20 3.15 0.20 1.15

Jun 1.19 2.11 1.20 3.15 0.20 1.15

Indonesia May 4.09 37.70 1.50 40.30 0.00 2.99

Jun 4.09 37.70 1.50 40.30 0.00 2.99 Nigeria May 0.69 3.10 2.90 5.90 0.00 0.79

Jun 0.59 3.10 2.40 5.50 0.00 0.59 Philippines May 1.43 11.70 1.20 12.93 0.00 1.41

Jun 1.43 11.70 1.20 12.93 0.00 1.41

Sel. Mideast 7/ May 0.93 1.76 4.10 6.00 0.02 0.77

Jun 0.88 1.76 4.10 6.00 0.02 0.72

Selected Other

Burma May 0.15 11.00 0.00 10.25 0.75 0.15

Jun 0.15 11.00 0.00 10.25 0.75 0.15

C. Amer & Carib 8/ May 0.43 1.69 1.53 3.19 0.00 0.46

Jun 0.43 1.69 1.53 3.19 0.00 0.46

China May 46.62 144.00 3.00 147.00 0.20 46.42

Jun 46.62 144.00 3.00 147.00 0.20 46.42 Egypt May 0.46 4.85 0.03 4.00 0.85 0.49

Jun 0.46 4.85 0.03 4.00 0.85 0.49 Japan May 2.75 7.72 0.70 8.15 0.20 2.82

Jun 2.75 7.72 0.70 8.15 0.20 2.82

Mexico May 0.17 0.13 0.73 0.85 0.00 0.17

Jun 0.17 0.13 0.73 0.85 0.00 0.17

South Korea May 0.72 4.22 0.41 4.50 0.00 0.85

Jun 0.72 4.22 0.41 4.50 0.00 0.85

1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietna m. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Tr ade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries.

### June 2013

WASDE - 519 - 26

World Cotton Supply and Use 1/
(Million 480-Pound Bales)



### 2011/12 Beginning

Stocks Production Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World 49.44 125.14 45.07 103.31 45.88 -0.75 71.22

United States 2.60 15.57 0.02 3.30 11.71 -0.17 3.35 Total Foreign 46.84 109.57 45.05 100.01 34.16 -0.57 67.87 Major Exporters 4/ 26.93 55.46 1.14 28.75 28.67 -0.76 26.88

Central Asia 5/ 2.63 6.81 0.04 2.12 4.21 0.03 3.12

Afr. Fr. Zone 6/ 0.56 3.21 3 / 0.19 2.44 0.00 1.14

S. Hemis 7/ 12.25 16.29 0.20 5.32 10.51 -0.30 13.22

Australia 2.58 5.50 3 / 0.04 4.64 -0.18 3.57

Brazil 7.91 8.70 0.03 4.00 4.79 -0.15 7.99

India 11.17 27.50 0.60 19.75 11.08 -0.50 8.94 Major Importers 8/ 18.17 50.95 41.04 67.52 3.36 0.19 39.11

Mexico 0.60 1.18 1.00 1.70 0.34 0.03 0.71

China 10.60 34.00 24.53 38.00 0.06 0.00 31.08

EU-27 9/ 0.56 1.59 0.84 0.86 1.39 0.05 0.69 Turkey 1.32 3.44 2.38 5.60 0.30 0.00 1.24

Pakistan 2.52 10.60 0.90 10.00 1.16 0.03 2.84

Indonesia 0.44 0.03 2.30 2.23 0.02 0.05 0.48

Thailand 0.32 3 / 1.26 1.30 0.00 0.03 0.26 Bangladesh 0.84 0.09 3.20 3.30 0.00 0.01 0.82

Vietnam 0.34 0.02 1.63 1.65 0.00 0.00 0.34



### 2012/13 Est.

Beginning

Stocks Production Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World 71.22 120.97 46.92 108.10 46.64 -0.56 84.93

United States 3.35 17.32 0.01 3.45 13.60 0.02 3.60 Total Foreign 67.87 103.66 46.91 104.65 33.04 -0.58 81.33 Major Exporters 4/ 26.88 51.29 2.56 31.99 28.35 -0.77 21.15

Central Asia 5/ 3.12 7.27 0.03 2.33 5.51 0.03 2.55

Afr. Fr. Zone 6/ 1.14 4.31 3 / 0.19 3.99 0.00 1.27

S. Hemis 7/ 13.22 12.00 0.33 5.38 11.25 -0.30 9.22

Australia 3.57 4.30 3 / 0.04 5.70 -0.18 2.31

Brazil 7.99 5.80 0.13 4.10 4.50 -0.15 5.47

India 8.94 26.50 1.70 22.75 7.20 -0.50 7.69 Major Importers 8/ 39.11 49.65 41.33 68.86 2.63 0.19 58.40

Mexico 0.71 1.09 1.00 1.80 0.25 0.03 0.73

China 31.08 35.00 20.00 36.00 0.08 0.00 50.01

EU-27 9/ 0.69 1.50 0.86 0.85 1.59 0.05 0.56 Turkey 1.24 2.60 3.70 6.00 0.19 0.00 1.36

Pakistan 2.84 9.30 2.70 11.50 0.40 0.03 2.91

Indonesia 0.48 0.03 2.40 2.35 0.02 0.05 0.49

Thailand 0.26 3 / 1.55 1.50 0.00 0.03 0.29 Bangladesh 0.82 0.11 3.60 3.60 0.00 0.01 0.92

Vietnam 0.34 0.02 2.30 2.20 0.00 0.00 0.46

1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marke ting channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks base d on supply less total use and indicated endi ng stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kaza khstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Re public, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Austra lia, Brazil, Paraguay, South Africa, Tanzan ia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes H ong Kong, Japan, Russia, South Korea, a nd Taiwan. 9/ Includes intra-EU trade.

### June 2013

WASDE - 519 - 27

World Cotton Supply and Use 1/

(Million 480-Pound Bales)



### 2013/14 Proj. Beginning

Stocks Production Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World May 84.78 117.82 39.50 110.43 39.50 -0.58 92.74

Jun 84.93 117.16 38.42 110.17 38.43 -0.58 92.49

United States May 4.00 14.00 0.01 3.50 11.50 0.01 3.00

Jun 3.60 13.50 0.01 3.50 11.00 0.01 2.60 Total Foreign May 80.78 103.82 39.50 106.93 28.00 -0.59 89.74

Jun 81.33 103.66 38.41 106.67 27.43 -0.59 89.89

filler filler filler filler filler filler filler Major Exporters 4/ May 22.37 53.13 1.93 32.83 23.94 -0.78 21.43

Jun 21.15 53.00 1.94 32.57 23.38 -0.78 20.91

Central Asia 5/ May 2.81 7.26 0.02 2.42 5.26 0.03 2.39

Jun 2.55 7.13 0.03 2.41 5.24 0.03 2.04

Afr. Fr. Zone 6/ May 1.54 4.26 3 / 0.19 4.25 0.00 1.36

Jun 1.27 4.25 3 / 0.19 4.18 0.00 1.16

S. Hemis 7/ May 9.70 13.48 0.29 5.48 8.46 -0.31 9.84

Jun 9.22 13.48 0.29 5.48 7.78 -0.31 10.04

Australia May 2.81 4.50 3 / 0.04 4.70 -0.18 2.74

Jun 2.31 4.50 3 / 0.04 4.20 -0.18 2.74

Brazil May 5.47 7.00 0.08 4.20 2.80 -0.15 5.69

Jun 5.47 7.00 0.08 4.20 2.60 -0.15 5.89

India May 7.89 27.00 1.00 23.50 5.50 -0.50 7.39

Jun 7.69 27.00 1.00 23.25 5.70 -0.50 7.24

filler filler filler filler filler filler filler Major Importers 8/ May 56.63 47.99 34.58 70.30 2.15 0.19 66.56

Jun 58.40 47.96 33.48 70.30 2.13 0.19 67.23

Mexico May 0.73 0.85 1.20 1.90 0.20 0.03 0.65

Jun 0.73 0.85 1.20 1.90 0.20 0.03 0.65

China May 48.26 34.00 12.00 36.00 0.08 0.00 58.18

Jun 50.01 34.00 11.00 36.00 0.08 0.00 58.93

EU-27 9/ May 0.58 1.22 0.84 0.84 1.29 0.05 0.46

Jun 0.56 1.19 0.84 0.84 1.27 0.05 0.42 Turkey May 1.36 2.25 4.00 6.10 0.18 0.00 1.33

Jun 1.36 2.25 4.00 6.10 0.18 0.00 1.33

Pakistan May 2.96 9.50 3.10 12.00 0.30 0.03 3.24

Jun 2.91 9.50 3.00 12.00 0.30 0.03 3.09

Indonesia May 0.49 0.03 2.45 2.45 0.00 0.05 0.47

Jun 0.49 0.03 2.45 2.45 0.00 0.05 0.47

Thailand May 0.29 3 / 1.63 1.60 0.00 0.03 0.29

Jun 0.29 3 / 1.63 1.60 0.00 0.03 0.29 Bangladesh May 0.82 0.12 3.75 3.90 0.00 0.01 0.78

Jun 0.92 0.12 3.60 3.80 0.00 0.01 0.83

Vietnam May 0.46 0.02 2.35 2.35 0.00 0.00 0.48

Jun 0.46 0.02 2.50 2.45 0.00 0.00 0.53

1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use a nd indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenist an, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions liste d, includes Hong Kong, Japan, Russia, South Kor ea, and Taiwan. 9/ Includes intra-EU trade.June 2013

WASDE - 519 - 28

World Soybean Supply and Use 1/
(Million Metric Tons)



### 2011/12 Beginning

Stocks Production Imports Domestic

Crush Domestic

Total Exports Ending

Stocks

World 2/ 70.10 239.46 93.22 226.68 256.06 91.94 54.79

United States 5.85 84.19 0.44 46.35 48.81 37.06 4.61 Total Foreign 64.25 155.27 92.78 180.34 207.25 54.87 50.18 Major Exporters 3/ 45.76 113.68 0.15 73.80 78.70 49.78 31.10 Argentina 22.87 40.10 0.00 35.89 37.50 7.37 18.10

Brazil 22.69 66.50 0.13 36.94 40.04 36.32 12.97 Paraguay 0.17 4.35 0.02 0.95 1.08 3.45 0.01 Major Importers 4/ 15.75 16.89 83.27 82.06 98.70 0.35 16.86

China 14.56 14.48 59.23 60.97 72.07 0.28 15.92

EU-27 0.55 1.07 11.96 12.15 13.10 0.04 0.44 Japan 0.16 0.22 2.76 1.96 3.01 0.00 0.13

Mexico 0.03 0.21 3.61 3.68 3.71 0.00 0.13



### 2012/13 Est.

Beginnin g
Stock s Productio n Import s Domesti c
Crus h Domesti c
Tota l Export s Endin g
Stock s

World 2/ 54.79 267.61 93.68 229.50 258.95 95.92 61.21

United States 4.61 82.06 0.68 45.18 47.76 36.20 3.39 Total Foreign 50.18 185.55 93.00 184.32 211.19 59.72 57.82 Major Exporters 3/ 31.10 144.35 0.26 73.28 78.26 53.60 43.86 Argentina 18.10 51.00 0.00 34.70 36.35 7.80 24.95

Brazil 12.97 82.00 0.24 35.55 38.70 37.90 18.60 Paraguay 0.01 8.35 0.02 3.00 3.13 5.00 0.25 Major Importers 4/ 16.86 14.92 83.09 85.56 102.23 0.39 12.26

China 15.92 12.60 59.00 64.65 75.83 0.30 11.39

EU-27 0.44 0.86 12.00 11.95 12.82 0.06 0.42 Japan 0.13 0.22 2.75 1.89 2.94 0.00 0.16

Mexico 0.13 0.25 3.35 3.65 3.69 0.00 0.05



### 2013/14 Proj. Beginnin g
Stock s Productio n Import s Domesti c
Crus h Domesti c
Tota l Export s Endin g
Stoc k s

World 2/ May 62.46 285.50 104.29 239.21 270.18 107.12 74.96

Jun 61.21 285.30 104.34 239.18 270.15 107.02 73.69

United States May 3.39 92.26 0.41 46.13 49.38 39.46 7.22

Jun 3.39 92.26 0.41 46.13 49.38 39.46 7.22 Total Foreign May 59.06 193.24 103.88 193.08 220.80 67.66 67.74

Jun 57.82 193.04 103.93 193.05 220.77 67.56 66.47 Major Exporters 3/ May 45.11 151.02 0.07 78.33 83.49 61.54 51.17

Jun 43.86 151.02 0.07 78.33 83.49 61.54 49.92 Argentina May 23.15 54.50 0.00 38.00 39.68 12.00 25.97

Jun 24.95 54.50 0.00 38.00 39.68 12.00 27.77

Brazil May 21.65 85.00 0.05 37.00 40.30 41.50 24.90

Jun 18.60 85.00 0.05 37.00 40.30 41.50 21.85 Paraguay May 0.25 8.40 0.02 3.30 3.43 5.00 0.24

Jun 0.25 8.40 0.02 3.30 3.43 5.00 0.24 Major Importers 4/ May 12.25 14.50 93.62 88.66 105.68 0.38 14.31

Jun 12.26 14.50 93.62 88.66 105.68 0.38 14.32

China May 11.39 12.00 69.00 67.35 78.63 0.30 13.46

Jun 11.39 12.00 69.00 67.35 78.63 0.30 13.46

EU-27 May 0.42 1.00 12.10 12.10 13.02 0.05 0.45

Jun 0.42 1.00 12.10 12.10 13.02 0.05 0.45 Japan May 0.16 0.21 2.76 1.95 3.00 0.00 0.13

Jun 0.16 0.21 2.76 1.95 3.00 0.00 0.13

Mexico May 0.04 0.28 3.55 3.80 3.84 0.00 0.04

Jun 0.05 0.28 3.55 3.80 3.84 0.00 0.04

1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an Octobe r-September year. 2/ World i mports and exports may not balance due to differences in local marketing years and to time lags be tween reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, EU-27, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand).

### June 2013

WASDE - 519 - 29

World Soybean Meal Supply and Use 1/

(Million Metric Tons)



### 2011/12 Beginning

Stocks Production Imports Domestic

Total Exports Ending

Stocks

World 2/ 8.73 179.29 57.11 176.96 58.33 9.84

United States 0.32 37.22 0.20 28.62 8.84 0.27 Total Foreign 8.42 142.07 56.91 148.34 49.49 9.57 Major Exporters 3/ 5.46 64.26 0.04 18.29 45.11 6.35 Argentina 2.43 27.95 0.00 0.96 26.04 3.38

Brazil 2.89 28.63 0.03 14.00 14.68 2.87

India 0.14 7.68 0.01 3.33 4.39 0.11 Major Importers 4/ 1.59 13.65 34.64 47.37 0.95 1.57

EU-27 0.51 9.57 20.79 29.71 0.88 0.28

Southeast Asia 5/ 0.79 2.60 11.57 13.82 0.06 1.08



### 2012/13 Est.

Beginnin g
Stock s Productio n Import s Domesti c
Tota l Export s Endin g
Stock s

World 2/ 9.84 181.08 56.62 179.20 58.81 9.53

United States 0.27 35.79 0.32 26.67 9.44 0.27 Total Foreign 9.57 145.29 56.30 152.53 49.38 9.26 Major Exporters 3/ 6.35 62.52 0.03 19.25 43.20 6.46 Argentina 3.38 27.05 0.00 1.07 25.40 3.96

Brazil 2.87 27.55 0.03 14.48 13.55 2.42

India 0.11 7.92 0.01 3.70 4.25 0.08 Major Importers 4/ 1.57 13.54 34.23 47.00 0.76 1.57

EU-27 0.28 9.42 20.00 28.81 0.70 0.19

Southeast Asia 5/ 1.08 2.69 12.00 14.47 0.06 1.23



### 2013/14 Proj. Beginnin g
Stock s Productio n Import s Domesti c
Tota l Export s Endin g
Stock s

World 2/ May 9.33 188.72 59.14 185.78 61.56 9.85

Jun 9.53 188.70 59.19 185.85 61.54 10.03

United States May 0.27 36.50 0.15 27.40 9.25 0.27

Jun 0.27 36.50 0.15 27.40 9.25 0.27 Total Foreign May 9.06 152.22 58.99 158.38 52.30 9.58

Jun 9.26 152.20 59.04 158.45 52.28 9.76 Major Exporters 3/ May 6.31 66.33 0.03 19.87 46.20 6.60

Jun 6.46 66.33 0.03 19.87 46.20 6.75 Argentina May 3.81 29.63 0.00 1.15 28.65 3.64

Jun 3.96 29.63 0.00 1.15 28.65 3.79

Brazil May 2.42 28.70 0.03 14.65 13.60 2.89

Jun 2.42 28.70 0.03 14.65 13.60 2.89

India May 0.08 8.00 0.01 4.07 3.95 0.07

Jun 0.08 8.00 0.01 4.07 3.95 0.07 Major Importers 4/ May 1.49 13.73 35.68 48.30 0.77 1.82

Jun 1.57 13.73 35.68 48.41 0.77 1.79

EU-27 May 0.19 9.54 20.80 29.39 0.70 0.43

Jun 0.19 9.54 20.80 29.39 0.70 0.43

Southeast Asia 5/ May 1.15 2.72 12.55 15.11 0.07 1.24

Jun 1.23 2.72 12.55 15.22 0.07 1.21

1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Ar gentina, Brazil, and India. 4/ EU-27, Southeast Asia, and Jap an. 5/ Indonesia, Malaysia, Philippi nes, Vietnam, and Thailand.June 2013

WASDE - 519 - 30

World Soybean Oil Supply and Use 1/ (Million Metric Tons)



### 2011/12 Beginning

Stocks Production Imports Domestic

Total Exports Ending

Stocks

World 2/ 3.76 42.35 8.06 41.72 8.49 3.95

United States 1.10 8.95 0.07 8.31 0.66 1.15 Total Foreign 2.66 33.39 7.99 33.42 7.83 2.80 Major Exporters 3/ 0.96 16.15 0.36 10.21 6.42 0.85 Argentina 0.30 6.84 0.00 3.02 3.79 0.33

Brazil 0.40 7.09 0.00 5.21 1.89 0.40

EU-27 0.27 2.22 0.36 1.98 0.75 0.12 Major Importers 4/ 0.76 13.01 3.64 16.13 0.20 1.09

China 0.20 10.91 1.50 11.94 0.06 0.62

India 0.24 1.71 1.17 2.75 0.01 0.36

North Africa 5/ 0.32 0.39 0.97 1.43 0.13 0.11



### 2012/13 Est.

Beginnin g
Stock s Productio n Import s D omestic

Tota l Export s Endin g
Stock s

World 2/ 3.95 43.00 8.48 43.01 8.91 3.51

United States 1.15 8.89 0.16 8.41 1.00 0.79 Total Foreign 2.80 34.12 8.32 34.60 7.91 2.72 Major Exporters 3/ 0.85 15.64 0.35 10.15 6.08 0.62 Argentina 0.33 6.64 0.05 3.03 3.78 0.21

Brazil 0.40 6.82 0.00 5.41 1.50 0.31

EU-27 0.12 2.18 0.30 1.71 0.80 0.10 Major Importers 4/ 1.09 13.74 3.93 17.21 0.19 1.35

China 0.62 11.57 1.40 12.59 0.06 0.94

India 0.36 1.77 1.15 3.00 0.00 0.28

North Africa 5/ 0.11 0.40 1.38 1.62 0.13 0.14



### 2013/14 Proj. Beginnin g
Stock s Productio n Import s Domesti c
Tota l Export s Endin g
Stock s

World 2/ May 3.41 44.58 8.71 44.33 9.11 3.25

Jun 3.51 44.58 8.73 44.41 9.10 3.31

United States May 0.74 8.84 0.11 8.41 0.59 0.69

Jun 0.79 8.84 0.11 8.41 0.59 0.74 Total Foreign May 2.67 35.73 8.59 35.92 8.52 2.56

Jun 2.72 35.74 8.62 35.99 8.51 2.58 Major Exporters 3/ May 0.67 16.56 0.30 10.37 6.59 0.57

Jun 0.62 16.56 0.32 10.37 6.59 0.54 Argentina May 0.26 7.25 0.00 3.08 4.22 0.21

Jun 0.21 7.25 0.02 3.08 4.22 0.18

Brazil May 0.31 7.10 0.00 5.51 1.67 0.23

Jun 0.31 7.10 0.00 5.51 1.67 0.23

EU-27 May 0.10 2.21 0.30 1.78 0.70 0.13

Jun 0.10 2.21 0.30 1.78 0.70 0.13 Major Importers 4/ May 1.31 14.25 4.18 18.24 0.19 1.31

Jun 1.35 14.25 4.18 18.26 0.19 1.34

China May 0.94 12.07 1.60 13.53 0.06 1.01

Jun 0.94 12.07 1.60 13.53 0.06 1.01

India May 0.28 1.78 1.25 3.10 0.00 0.20

Jun 0.28 1.78 1.25 3.10 0.00 0.20

North Africa 5/ May 0.10 0.41 1.33 1.61 0.13 0.09

Jun 0.14 0.41 1.33 1.63 0.13 0.12

1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and i mports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU-27. 4/ China, India, and North Africa. 5/ Alge ria, Egypt, Morocco, and Tunisia.

### June 2013

WASDE - 519 - 31

U.S. Quarterly Animal Product Production 1/

Year and Quarter Bee f Pork Red Mea t

2 / Broiler Turkey Total Poultry 3 / Red Meat & Poultry Egg Milk 4 /

Million Pounds Mil doz Bil lbs

2012 II 6,473 5,519 12,061 9,381 1, 505 11,024 23,085 1,915 51.5

III 6,586 5,631 12,284 9,372 1, 480 10,990 23,274 1,933 48.7

IV 6,572 6,244 12,886 9,197 1, 537 10,852 23,738 1,989 49.1

Annual 25,913 23,253 49,439 37,039 5, 967 43,523 92,962 7,753 200.3

2013 I 6,172 5,777 12,016 9,143 1, 459 10,726 22,742 1,939 50.5

II* 6,670 5,520 12,256 9,500 1, 475 11,110 23,366 1,950 51.8

III* 6,460 5,690 12,215 9,625 1, 475 11,235 23,450 1,975 49.8

IV* 6,135 6,440 12,644 9,500 1, 550 11,170 23,814 2,015 49.7

Annual

May Proj. 25,107 23,482 48,858 37,743 5, 959 44,216 93,074 7,864 201.8

Jun Proj. 25,437 23,427 49,131 37,768 5, 959 44,241 93,372 7,879 201.8

2014 I* 5,795 5,880 11,740 9,450 1, 475 11,050 22,790 1,970 51.2

Annual

May Proj. 24,105 24,025 48,389 38,850 6, 175 45,560 93,949 8,015 204.6

Jun Proj. 24,105 24,025 48,389 38,850 6, 175 45,560 93,949 8,015 204.5

* Projection. 1/ Commercial production for red meats; federa lly inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broile rs, turkeys and mature chicken. 4/ Milk production forecasts reflect change s in available data published by the National Agricultural Stati stics Service in its monthly Milk Production report beginning April 2013.



### U.S. Quarterly Prices for Animal Products

Year and Quarter Steers

2 / Barrows and gilts

3 / Broilers

4 / Turkeys

5 / Eggs

6 / Milk

7 /

Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t

2012 II 120.91 61.79 85.1 106.9 99.7 16.43

III 119.69 61.43 82.0 108.5 131.9 18.27

IV 125.54 58.63 92.1 106.1 129.4 21.50

Annual 122.86 60.88 86.6 105.6 117.4 18.53

2013 I 125.52 59.03 103.5 96.0 126.9 19.50

II* 124-127 63-64 108-111 97-98 109-112 19.65-19.85

III* 125-131 62-66 101-107 100-106 109-115 19.55-20.05

IV* 126-136 52-56 93-101 101-109 118-128 19.70-20.50

Annual

May Proj. 126-131 58-60 100-104 99-103 114-120 19.50-20.00

Jun Proj. 125-130 59-61 102-105 98-102 116-120 19.60-20.00

2014 I* 127-137 56-60 87-95 90-98 110-120 18.40-19.40

Annual

May Proj. 128-138 56-60 88-96 95-102 107-116 18.85-19.85

Jun Proj. 128-138 56-60 88-96 95-102 107-116 18.95-19.95

*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base , Live equiv 51-52% lean. 4/ Who lesale, National Composite Weighted Average. 5/ 8-16 lbs, hens Nationa l. 6/ Grade A large, New York, volume buyer s. 7/ Prices received by farmers for all milk.

### June 2013

WASDE - 519 - 32

U.S. Meats Supply and Use

Item Beginning

stocks Production

1 / Imports Total Supply Exports Ending

Stocks Total

Use Per Capita

2/ 3 /

Million Pounds /4

Beef 2012 600 25,996 2,219 28,815 2,455 608 25,752 57.4

2013 Proj. May 608 25,190 2,555 28,353 2,412 550 25,391 56.1

Jun 608 25,520 2,555 28,683 2,312 550 25,821 57.1 2014 Proj. May 550 24,188 2,800 27,538 2,300 525 24,713 54.3

Jun 550 24,188 2,800 27,538 2,300 525 24,713 54.3

Filler Filler Filler Filler Filler Filler Filler Filler

Pork 2012 542 23,270 801 24,613 5,384 625 18,604 45.9

2013 Proj. May 625 23,499 797 24,921 5,028 650 19,243 47.2

Jun 625 23,444 797 24,866 5,028 650 19,188 47.0 2014 Proj. May 650 24,042 800 25,492 5,255 675 19,562 47.6

Jun 650 24,042 800 25,492 5,255 675 19,562 47.6

Filler Filler Filler Filler Filler Filler Filler Filler

Total Red

Meat 5/ 2012 1,162 49,552 3,173 53,887 7,850 1,259 44,779 104.5

2013 Proj. May 1,259 48,971 3,514 53,744 7,454 1,222 45,068 104.5

Jun 1,259 49,244 3,522 54,025 7,354 1,226 45,445 105.3 2014 Proj. May 1,222 48,502 3,751 53,475 7,571 1,221 44,683 103.0

Jun 1,226 48,502 3,764 53,492 7,571 1,225 44,696 103.0

Filler Filler Filler Filler Filler Filler Filler Filler

Broiler 2012 590 36,643 112 37,345 7,281 651 29,413 80.4

2013 Proj. May 651 37,339 114 38,104 7,259 635 30,210 82.0

Jun 651 37,364 114 38,129 7,359 635 30,135 81.8 2014 Proj. May 635 38,434 112 39,181 7,550 640 30,991 83.5

Jun 635 38,434 112 39,181 7,550 640 30,991 83.5

Filler Filler Filler Filler Filler Filler Filler Filler

Turkey 2012 211 5,889 23 6,123 800 296 5,027 16.0

2013 Proj. May 296 5,881 21 6,198 783 300 5,115 16.2

Jun 296 5,881 21 6,198 713 300 5,185 16.4 2014 Proj. May 300 6,175 20 6,495 840 310 5,345 16.8

Jun 300 6,175 20 6,495 840 310 5,345 16.8

Filler Filler Filler Filler Filler Filler Filler Filler

Total Poultry 6/ 2012 803 43,049 137 43,989 8,171 948 34,870 97.8

2013 Proj. May 948 43,734 136 44,818 8,134 937 35,747 99.5

Jun 948 43,758 136 44,842 8,169 937 35,737 99.5 2014 Proj. May 937 45,144 134 46,215 8,500 952 36,763 101.6

Jun 937 45,144 134 46,215 8,500 952 36,763 101.6

Filler Filler Filler Filler Filler Filler Filler Filler

Red Meat & Poultry 2012 1,965 92,601 3,310 97,876 16,021 2,207 79,649 202.2

2013 Proj. May 2,207 92,704 3,650 98,561 15,588 2,159 80,814 204.0

Jun 2,207 93,002 3,658 98,867 15,523 2,163 81,181 204.8 2014 Proj. May 2,159 93,646 3,885 99,690 16,071 2,173 81,446 204.6

Jun 2,163 93,646 3,898 99,707 16,071 2,177 81,459 204.6

1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population sour ce: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature

chicken.

### June 2013

WASDE - 519 - 33

U.S. Egg Supply and Use

Commodity 2011 2012 2013 Proj. 2013 Proj. 2014 Proj. 2014 Proj.

May Jun May Jun

Eggs Million Dozen
Supply Beginning Stocks 19.3 27.7 20.8 20.8 20.0 20.0

Production 7,658.0 7,753.0 7,864.0 7 ,879.0 8,015.0 8,015.0 Imports 20.9 18.4 16.1 16.1 16.0 16.0 Total Supply 7,698.2 7,799.1 7,900.9 7 ,915.9 8,051.0 8,051.0

Use Exports 276.4 301.6 273.2 287.2 287.0 287.0 Hatching Use 951.8 936.6 960.5 960.5 990.0 990.0 Ending Stocks 27.7 20.8 20.0 20.0 21.0 21.0 Disappearance

Total 6,442.3 6,540.1 6,647.2 6 ,648.2 6,753.0 6,753.0 Per Capita (number) 247.8 249.7 252.0 252.0 254.1 254.1

Total



### U.S. Milk Supply and Use

Commodity 2011 2012 2013 Proj. 2013 Proj. 2014 Proj. 2014 Proj.

May Jun May Jun

Milk Billion Pounds

Production 1/ 196.2 200.3 201.8 201.8 204.6 204.5

Farm Use 1.0 1.0 1.0 1.0 1.0 1.0

Fat Basis Supply

Beg. Commercial Stocks 10.8 10.9 12.2 12.2 12.0 13.2 Marketings 195.2 199.4 200.8 200.8 203.7 203.6 Imports 3.5 4.1 4.0 4.1 3.9 4.1 Total Cml. Supply 209.5 214.3 217.0 217.1 219.6 220.8

Fat Basis Use

Commercial Exports 9.4 8.8 10.0 9.8 10.3 10.3 Ending Commercial Stks 10.9 12.2 12.0 13.2 11.8 12.4

CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0

Commercial Use 3/ 189.2 193.3 195.0 194.1 197.4 198.1

Skim-solid Basis Supply

Beg. Commercial Stocks 12.2 11.8 12.4 12.4 12.1 12.5 Marketings 195.2 199.4 200.8 200.8 203.7 203.6 Imports 5.3 5.7 5.6 5.6 5.4 5.4 Total Cml. Supply 212.6 216.9 218.8 218.8 221.1 221.4

Skim-solid Basis Use

Commercial Exports 32.5 33.3 34.7 35.4 36.4 36.4 Ending Commercial Stks 11.8 12.4 12.1 12.5 12.1 12.3

CCC Net Removals 2/ 0.0 0.0 0.0 0.0 0.0 0.0

Commercial Use 3/ 168.2 171.2 172.0 170.9 172.6 172.7

Filler Million Pounds

CCC product net removals 2/

Butter 000000

Cheese 000000 Nonfat Dry Milk 000000 Dry Whole Milk 000000

Total

Note: Totals may not add due to rounding. 1/ Milk production forecasts reflect changes in available data published by the

National Agricultural Statistics Service in its monthly M ilk Production report beginning April 2013. 2/ Includes products exported under the Dairy Export Incentive Program. 3/ Domestic commercial use only.

### June 2013

WASDE - 519 - 34

U.S. Dairy Prices

Commodity 2011 2012 2013 Proj. 2013 Proj. 2014 Proj. 2014 Proj.

Ma y Ju n Ma y Ju n

Product Prices 1/ Dollars Pe r Pound

Cheese 1.8246 1.7076 1.745-

1.795 1.745-

1.785 1.675-

1.775 1.675-

1.775

Butter 1.9498 1.5943 1.570-

1.650 1.540-

1.610 1.485-

1.615 1.480-

1.610 Nonfat Dry Milk 1.5058 1.3279 1.590-

1.630 1.600-

1.640 1.585-

1.655 1.585-

1.655 Dry Whey 0.5325 0.5935 0.580-

0.610 0.585-

0.605 0.565-

0.595 0.565-

0.595

Filler Dollars Pe r Cwt

Milk Prices 2/

Class III 18.37 17.44 17.80-

18.30 17.80-

18.20 17.00-

18.00 17.00-

18.00

Class IV 19.04 16.01 18.20-

18.80 18.15-

18.65 17.80-

18.90 17.75-

18.85

All Milk 3/ 20.14 18.53 19.50-

20.00 19.60-

20.00 18.85-

19.85 18.95-

19.95

1/ Simple average of monthly prices calculated by AMS from w eekly average dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deduc tions from producers as authorized by legislation.June 2013

WASDE - 519 - 35

Note: Tables on pages 35-37 present a record of the June projec tion and the final Estimate. Using world wheat production as an example, the "root mean square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by mor e than 3.2 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 5.4 percent. The av erage difference between the Jun e projection and the final estimate is 16.0 million tons, ranging from 0.4 million to 32.2 million tons. The June projection has been below the estimate 1 9 times and above 13

times. Reliability of June Projections 1/

Differences between forecast and final estimate

90 percent Years
Commodity and Region Root mean

square error confidence interval Average Smalles t Largest Below

Final Above

Final

WHEAT Percent Million Metric Tons

Production

Worl d 3.2 5.4 16.0 0.4 32.2 19 13

U.S. 6.0 10.1 2.7 0.0 8.4 18 14

Forei g n 3.4 5.7 14.8 1.1 31.9 18 13 Exports

Worl d 6.0 10.2 5.5 0.0 19.2 21 10

U.S. 12.0 20.4 2.9 0.1 10.2 19 13

Forei g n 6.5 11.0 4.6 0.6 19.8 23 8

Domestic Use

Worl d 2.2 3.8 9.6 0.5 27.5 19 13

U.S. 7.4 12.6 1.9 0.3 6.4 17 15

Forei g n 2.2 3.8 9.3 0.6 28.6 20 11 Ending Stocks

Worl d 10.9 18.4 12.7 1.7 35.0 20 12

U.S. 19.5 33.1 3.4 0.1 14.9 18 14

Forei g n 11.1 18.9 10.6 0.8 30.0 19 12

COARSE GRAINS 2/

Production

Worl d 3.9 6.6 26.6 0.6 103.3 16 16

U.S. 15.0 25.4 22.1 1.0 103.8 15 17

Forei g n 2.8 4.8 13.4 0.4 41.6 15 16 Exports

Worl d 7.6 12.9 6.9 0.3 17.8 21 11

U.S. 31.0 52.6 8.3 0.1 30.8 12 20

Forei g n 14.8 25.1 6.8 0.5 19.1 19 12

Domestic Use

Worl d 2.0 3.4 13.9 0.7 66.7 13 19

U.S. 6.2 10.5 8.4 0.2 37.0 19 13

Forei g n 2.0 3.3 10.0 0.1 33.5 14 17 Ending Stocks

Worl d 21.3 36.2 23.2 3.4 69.9 20 12

U.S. 54.0 91.6 17.5 0.5 57.6 16 16

Forei g n 16.4 27.8 11.7 0.1 30.5 22 9 RICE, milled

Production

Worl d 2.6 4.3 7.4 0.3 21.8 22 10

U.S. 7.0 11.9 0.3 0.0 1.1 18 14

Forei g n 2.6 4.4 7.3 0.4 21.9 21 10 Exports

Worl d 10.1 17.2 1.6 0.1 7.5 23 9

U.S. 11.9 20.2 0.3 0.0 1.0 17 12

Forei g n 11.1 18.9 1.5 0.1 7.1 23 8

Domestic Use

Worl d 2.0 3.4 5.1 0.0 20.3 22 10

U.S. 9.0 15.3 0.2 0.0 0.5 13 19

Forei g n 2.1 3.5 5.1 0.0 20.8 23 8 Ending Stocks

Worl d 15.1 25.7 5.9 0.1 15.7 22 10

U.S. 34.3 58.3 0.3 0.0 0.9 18 12

Forei g n 16.6 28.1 6.0 0.4 15.3 22 9

1/ Footnotes at end of table. CONTINUEDJune 2013

WASDE - 519 - 36

Reliability of June Projections (Continued)

Differences between forecast and final estimate

90 percent Years
Commodity and Region Root mean

square error confidence interval Average Smalles t Largest Below

Final Above

Final

SOYBEANS Percent Million Metric Tons

Production

World NA NA 12.2 1.7 27.9 3 6

U.S. 9.3 15.7 4.3 0.0 12.0 15 17 Foreign NA NA 11.1 2.5 23.9 3 5 Exports

World NA NA 4.8 0.5 10.0 3 6

U.S. 16.0 27.1 3.0 0.3 6.4 18 14 Foreign NA NA 4.0 1.7 8.3 4 4

Domestic Use

World NA NA 6.9 0.3 16.9 3 6

U.S. 6.7 11.3 2.1 0.1 7.2 19 13 Foreign NA NA 5.8 2.5 11.3 2 6 Ending Stocks

World NA NA 5.1 0.2 12.7 5 4

U.S. 57.7 97.9 2.8 0.4 8.4 9 23 Foreign NA NA 5.8 0.7 13.3 5 3

COTTON Million 480-Pound Bales

Production

World 6.2 10.4 4.1 0.0 16.4 19 12

U.S. 10.5 17.8 1.5 0.1 5.6 16 16 Foreign 6.3 10.7 3.4 0.2 12.4 18 13 Exports

World 11.1 18.8 2.3 0.1 12.4 17 15

U.S. 31.7 53.8 1.4 0.1 3.8 20 12 Foreign 14.1 24.0 1.7 0.1 9.9 16 15

Domestic Use

World 4.8 8.1 3.2 0.1 17.1 13 19

U.S. 10.0 17.0 0.6 0.0 1.4 16 15 Foreign 4.9 8.3 3.1 0.0 16.3 16 15 Ending Stocks

World 18.6 31.5 6.6 0.9 18.6 22 10

U.S. 43.9 74.6 1.6 0.1 4.6 16 16 Foreign 17.8 30.2 5.5 0.3 17.7 23 8

1/ Marketing years 1981/82 through 2012/13 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the ma rketing year for 1981/82 through 2011/12, and for 2012/13 last month's estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain.June 2013

WASDE - 519 - 37

Reliability of United States June Projections 1/

Differences between forecast and final estimate

90 percent Years

Root mean

square error confidence interval Average Smalles t Largest Below

Final Above

Final

CORN Percent Million Bushels

Production 17.7 30.1 875 8 4,010 16 16 Exports 32.7 55.5 305 38 1,150 13 19

Domestic Use 14.7 24.9 510 10 5,888 19 13 Ending Stocks 65.1 110.5 631 40 2,091 16 16

SORGHUM

Production 20.9 35.5 90 0 228 13 18 Exports 34.4 58.4 43 0 118 13 18

Domestic Use 17.0 28.8 51 0 139 14 17 Ending Stocks 62.6 106.2 51 2 191 11 21

BARLEY

Production 15.2 25.8 30 1 206 12 20 Exports 75.5 128.1 16 0 92 15 14

Domestic Use 12.2 20.7 33 0 95 16 15 Ending Stocks 22.9 38.9 24 3 79 13 19

OATS

Production 25.1 42.6 34 1 231 7 25 Exports 121.6 206. 4 1 0 8 8 11

Domestic Use 11.6 19.7 23 5 160 11 21 Ending Stocks 27.1 46.0 18 0 77 10 20

SOYBEAN MEAL Thousand Short Tons

Production 6.1 10.3 1,374 57 4,919 20 12 Exports 19.1 32.3 1,049 50 2,650 20 12

Domestic Use 5.0 8.5 927 24 4,650 16 16 Ending Stocks 48.8 82.8 60 0 488 12 14

SOYBEAN OIL Million Pounds

Production 5.7 9.8 678 18 2,330 22 10 Exports 36.0 61.0 499 25 1,700 17 15

Domestic Use 4.3 7.3 434 0 2,100 19 12 Ending Stocks 39.5 67.0 473 0 1,432 17 14

ANIMAL PROD. 3/ Million Pounds

Beef 4.4 7.6 880 177 2,727 14 5

Pork 3.3 5.7 481 61 1,722 13 6

Broilers 2.6 4.5 734 87 1,465 8 11 Turkeys 3.9 6.7 162 2 477 10 9

Million Dozen

Eggs 1.3 2.3 76 2 209 12 7

Billion Pounds

Milk 1.8 3.1 2.4 0.2 7.0 10 9

1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2011/12 for grains, soybeans, and cotton. Final for grains , soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2011/12, and for 2012/13 last month's estimate. Calendar years 1982 through 2012 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS for 1982-2012.

### WASDE-519-38



## Related USDA Reports

The WASDE report incorporates information from a number of statistical reports published by USDA and

other government agencies. In turn, the WASDE report provides a framework for more detailed reports
issued by USDA’s Economic Research Service and Forei gn Agricultural Service. For more information on

how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde

.



## Supply and Demand Database

The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive

database of supply and demand balances by commodity for 190 countries and regions at
http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for

other commodities are updated less frequently.



## Foreign Production Assessments

Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE

report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign
Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/.



## Metric Conversion Factors

1 Hectare = 2.4710 Acres

1 Kilogram = 2.20462 Pounds

Metric-Ton Equivalent = Domestic Unit Factor

Wheat & Soybeans

Rice
Corn, Sorghum, & Rye

Barley

Oats
Sugar

Cotton bushels

cwt

bushels

bushels

bushels

short tons

480-lb bales .027216

.045359

.025401

.021772

.014515

.907185

.217720UNITED STATES DEPARTMENT OF AGRICULTURE

WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812

___________________ OFFICIAL BUSINESS Penalty for Private Use, $300 FIRST-CLASS MAIL

POSTAGE & FEES PAID

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PERMIT NO. G-289



## World Agricultural Supply and Demand Estimates

WASDE-519 – June 12, 2013

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