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 - 518 Approved by the World Agricultural Outlook Board May 10, 2013

Note: This report presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 

2013/14. Also presented are the first calendar-year 2014 projections of U.S. livestock, poultry, and dairy products. Projections 

reflect economic analysis, normal weather, trends, and judgment. Because spring planting is still underway in the Northern 

Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. Forecasts 

for U.S. winter wheat area, yield, and production are from the May 10 Crop Production report. For other U.S. crops, the March 

28 Prospective Plantings report is used for planted acreage. Methods used to project 2013/14 harvested acreage and yield are 

noted in each table. 

WHEAT: U.S. wheat supplies for 2013/14 are projected at 2,917 million bushels, down 7 percent from 

2012/13. Wheat production is projected at 2,057 million bushels, down 9 percent from last year with 

reduced prospects for Hard Red Winter wheat. The all wheat yield, projected at 44.1 bushels per acre, is 

down 2.2 bushels from the record levels of 2012/13 and 2010/11. The survey-based forecast for winter 

wheat production is down 10 percent with the lowest harvested-to-planted ratio since 2006/07 and lower 

yields as persistent drought and April freezes reduce crop prospects in the southern and central Plains. 

Partly offsetting is higher forecast Soft Red Winter wheat production with higher area. Spring wheat 

production for 2013/14 is projected to decline 8 percent as reduced durum area and a return to trend yields 

reduce prospects for durum and other spring wheat. 

Total U.S. wheat use for 2013/14 is projected down 7 percent year-to-year with lower domestic use and 

exports. Feed and residual disappearance is projected 70 million bushels lower as larger supplies and lower 

prices for feed grains in 2013/14 limit wheat feeding by late summer. Partly offsetting is a 13-million-bushel 

increase in domestic food use as flour extraction rates fall from a very high level in 2012/13 and 

consumption grows with population. Exports for 2013/14 are projected at 925 million bushels, down 100 

million from the 2012/13 projection. Large crops for major export competitors limit opportunities for U.S. 

wheat. U.S. ending stocks are projected to decline for a fourth consecutive year. At 670 million bushels, 

ending stocks would be down 61 million bushels from the 2012/13 projection. The all wheat season-average 

farm price is projected at $6.15 to $7.45 per bushel, down from the record $7.80 projected for 2012/13 as 

world prices for wheat and coarse grains are expected to decline sharply by fall. 

Global 2013/14 wheat supplies are projected 3 percent higher than in 2012/13 with a 51.2-million-ton 

increase in foreign production more than offsetting a 19.3-million-ton reduction in global beginning stocks 

and lower forecast production in the United States. At the projected 701.1 million tons, global production 

would be a record and up 45.5 million from 2012/13. Production for 2013/14 is projected higher in all of the 

world’s major exporting countries with the largest increases expected in the FSU-12 and EU-27, up 29.9 

million tons and 6.7 million tons, respectively. Production is projected higher for Australia, Argentina, and 

Canada, up a collective 6.2 million tons from the current year. Also affecting global trade prospects in 

2013/14 are year-to-year production increases for major importers, the Middle East and North Africa, where 

weather has been favorable for winter crops since seeding last fall. 

Global wheat exports for 2013/14 are projected higher than in 2012/13 with increases expected for FSU-12, 

Argentina, and India more than offsetting reductions for EU-27 and Australia. Global wheat consumption is 

projected 20.0 million tons higher with increases in both feeding and food use. Wheat feed and residual use 

is raised for FSU-12 and EU-27 with larger production. The largest increase in food use is for India, but 

lower prices support small increases for many countries. Global ending stocks for 2013/14 are projected at 

186.4 million tons, up 6.2 million on the year. 

 

COARSE GRAINS: U.S. feed grain supplies for 2013/14 are projected at a record 400.5 million tons, up 25 

percent from 2012/13 with higher area and yields expected for corn, sorghum, and oats. Corn production for 
WASDE-518-2 

2013/14 is projected at 14.1 billion bushels, up 3.4 billion from 2012/13 when extreme drought and heat 

reduced yields to their lowest levels since 1995/96. The 2013/14 corn yield is projected at 158.0 bushels per 

acre, 5.6 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in 

February (www.usda.gov/oce/forum/presentations/Westcott_Jewison.pdf). The slow start to this year’s 

planting and the likelihood that progress by mid-May will remain well behind the 10-year average reduce 

prospects for yields. Corn supplies for 2013/14 are projected at a record 14.9 billion bushels, up 3.0 billion 

from 2012/13. 

U.S. corn use for 2013/14 is projected up 16 percent from 2012/13 on higher feed and residual 

disappearance, increased use for ethanol, sweeteners, and starch, and a partial recovery in exports. Feed 

and residual use for 2013/14 is projected up 925 million bushels reflecting a sharp rebound in residual 

disappearance with the record crop and an increase in feeding with lower corn prices. Projected corn use 

for ethanol is increased 250 million bushels from this month’s higher projection for 2012/13. Lower corn 

prices and high prices for Renewable Identification Numbers (RINS) support profitability for ethanol 

producers. 

 

U.S. corn exports for 2013/14 are projected 550 million bushels higher than this month’s lower projection for 

2012/13. At the projected 1.3 billion bushels, 2013/14 exports are expected to rebound from their lowest 

level since 1970/71. An expected fourth straight year of record foreign corn production with large crops in 

South America and the FSU-12 will provide substantial competition for the United States. U.S. corn ending 

stocks are projected at 2.0 billion bushels, up 1.2 billion from 2012/13. The season-average farm price at 

$4.30 to $5.10 per bushel is down sharply from the record $6.70 to $7.10 for 2012/13. 

Global coarse grain supplies for 2013/14 are projected at a record 1,407.6 million tons, up 113.8 million from 

2012/13. Global corn production for 2013/14 is projected at a record 965.9 million tons. Foreign corn 

production is up 23.5 million tons. The largest increases are projected for the FSU-12, EU-27, and China, 

but large crops are again expected in 2013/14 for Brazil and Argentina. Global corn trade is projected higher 

with increased imports for China more than offsetting a reduction for EU-27. Spurred by lower prices, 

smaller year-to-year import increases are projected for a number of countries. Exports are lowered for 

Brazil, India, and Argentina, but raised for Ukraine and EU-27. World corn consumption is projected at a 

record 936.7 million tons, up 72.8 million from 2012/13 with foreign consumption up 41.5 million. Global 

corn ending stocks for 2013/14 are projected up 29.2 million tons on the year. At 154.6 million tons, stocks 

would be a 13-year high. 

RICE: Tighter U.S. 2013/14 all rice supplies, forecast down 6 percent from 2012/13 and lower projected 

use, down 7 percent from 2012/13 result in ending stocks that are down 3 percent from the previous year. 

Beginning stocks and production for 2013/14 are both forecast lower from a year ago, while imports are 

forecast 5 percent larger. U.S. rice production for 2013/14 is projected at 189.5 million cwt, down 5 percent 

from 2012/13. Harvested area is estimated at 2.59 million acres based on average harvested-to-planted 

ratios for the previous 5 years, the lowest area since 1987/88. Average all rice yield is projected at 7,317 

pounds per acre, down 2 percent from the previous year’s record. 

U.S. 2013/14 all rice total use is projected at a 213.0 million cwt, 7 percent below the previous year. 

Domestic and residual use is projected at 115.0 million cwt, 4 percent below 2012/13. All rice exports are 

projected at 98.0 million cwt, 9 percent below 2012/13, and the lowest since 2008/09. Long-grain rice 

exports are projected at 69.0 million, 10 percent below the previous year, and combined medium- and shortgrain rice exports at 29.0 million, 7 percent below 2012/13. U.S. long-grain exports will be limited by a 

tighter U.S. supply situation, and increased competition among the major South American and Asian 

exporters. Exports of medium-grain rice will be constrained by tighter U.S. supplies and greater competition 

from Egypt and Australia. U.S. all rice ending stocks for 2013/14 are projected at 33.1 million cwt, 3 percent 

below the previous year. Long-grain ending stocks are forecast at 21.9 million cwt, 7 percent above 

2012/13, and combined medium- and short-grain rice stocks at 9.0 million, 22 percent below the previous 

year. 

The U.S. 2013/14 long-grain rice season-average farm price is projected at $13.80 to $14.80 per cwt, 

compared to a revised $14.20 to $14.60 for the previous year. The combined medium- and short-grain price 

is projected at $15.50 to $16.50 per cwt, compared to a revised $15.80 to $16.20 for the year earlier. The 
WASDE-518-3 

2013/14 all rice price is projected at $14.30 to $15.30 per cwt, compared to a revised $14.70 to $15.10 per 

cwt for 2012/13. 

Global 2013/14 total supply and use are each projected to reach record levels at 584.7 and 476.8 million 

tons, respectively, resulting in a 2.4-million increase in world ending stocks. Global 2013/14 rice production 

is projected at a record 479.3 million tons, up 9.0 million from 2012/13. Record to near-record rice crops are 

projected in Asia. Record crops are projected for the major exporters including India, Thailand, and 

Vietnam. Additionally, large crops are forecast for other exporters including Burma, Cambodia, and Egypt. 

On the importer side, record or near-record crops are forecast for Indonesia, the Philippines, and SubSaharan Africa. 

Global 2013/14 consumption is projected at a record 476.8 million tons, up 1 percent from the previous year. 

 Global exports in 2013/14 are projected at 38.9 million tons, up marginally from 2012/13. India and 

Thailand are forecast to be the largest global rice exporters in 2013/14 with exports of 8.5 million tons each 

followed by Vietnam at 7.7 million tons. Large 2013/14 imports are projected for China, the Middle East, and 

Sub-Saharan Africa with Nigeria the largest in that region. China’s imports have surged since 2011/12—

forecast to be 2.9 million tons in 2012/13 and 3.0 million in 2013/14—making China the largest global rice 

importer in 2013/14. China’s annual consumption needs have overtaken production since 2012/13. Strong 

domestic prices in China have encouraged imports of lower-priced rice from Burma, Pakistan, and Vietnam. 

 Global 2013/14 ending stocks are expected to increase 2.4 million tons to 107.8 million, the largest since 

2001/02. 

OILSEEDS: U.S. oilseed production for 2013/14 is projected at 100.9 million tons, up 9 percent from 

2012/13. Higher soybean production accounts for most of the increase. Sunflowerseed, peanut, and 

cottonseed production are each projected below last year’s crops. Soybean production is projected at a 

record 3.390 billion bushels, up 375 million from the drought-reduced 2012 crop on slightly higher harvested 

area and higher yields. Soybean yields are projected at a weather-adjusted trend level of 44.5 bushels per 

acre, up 4.9 bushels from 2012. Soybean supplies are projected at 3.530 billion bushels, up 10 percent 

from 2012/13. Additional soybean meal exports for 2012/13 are offset by reduced domestic consumption, 

leaving crush unchanged. Soybean exports and ending stocks for 2012/13 are also unchanged from last 

month. 

The 2013/14 U.S. soybean crush is projected at 1.695 billion bushels, up 60 million from 2012/13 reflecting 

increased domestic soybean meal consumption and exports. Despite increased competition from South 

America, U.S. soybean meal exports are forecast higher on sharply lower prices. Soybean exports are 

projected at 1.450 billion bushels, up 100 million from 2012/13 on increased supplies and competitive prices. 

 Ending stocks are projected at 265 million bushels, up 140 million from 2012/13. The U.S. season-average 

soybean price for 2013/14 is forecast at $9.50 to $11.50 per bushel compared with $14.30 per bushel in 

2012/13. Soybean meal and oil prices are forecast at $280-$320 per short ton and 47-51 cents per pound, 

respectively. 

Global oilseed production for 2013/14 is projected at a record 491.3 million tons, up 4.7 percent from 

2012/13 mainly due to increased soybean production. Global soybean production is projected at 285.5 

million tons, up 6 percent. The Argentina soybean crop is projected at 54.5 million tons, up 3.5 million from 

2012/13 on record planted area and higher yields. The Brazil soybean crop is projected at a record 85 

million tons as higher harvested area more than offsets lower yields. China soybean production is projected 

at 12 million tons, down 0.6 million from 2012/13 as producers continue to shift area to more profitable 

crops. If realized, harvested area at 6.6 million hectares would be down 28 percent in the past 4 years. 

Global production of high-oil content seeds (rapeseed and sunflowerseed) is projected up 6.1 percent from 

2012/13 on increased rapeseed production in Canada, India, EU-27, and Ukraine, and increased 

sunflowerseed production in Argentina, EU-27, Russia, Ukraine, and Turkey. Oilseed supplies are up 5.1 

percent from 2012/13. With crush projected to increase 3.4 percent, global oilseed ending stocks are 

projected at 82.6 million tons, up 12.3 million. 

Global protein meal consumption is projected to increase 2.7 percent in 2013/14. Protein meal consumption 

is projected to increase 3.3 percent in China, accounting for 32 percent of global protein consumption gains. 

 Global soybean exports are projected at 107.1 million tons, up 11.3 percent from 2012/13. China soybean 
WASDE-518-4 

imports are projected at 69 million tons, up 10 million from the revised 2012/13 projection, leaving soybean 

supplies up 5 million tons from the previous year. Global vegetable oil consumption is projected to rise 3 

percent in 2013/14, led by increases for China, India, and Indonesia. 

SUGAR: Projected U.S. sugar supply for fiscal year 2013/14 is up 2.1 percent from 2012/13, as higher 

beginning stocks and imports more than offset lower production. Lower beet sugar production reflects 

reduced area and a return to trend yields, while lower cane sugar production is based on trend yields. 

Imports under the tariff rate quota (TRQ) reflect minimum U.S. commitments to import raw and refined sugar 

and projected shortfall. The Secretary will establish the TRQ at a later date. Total use is up 1.8 percent and 

ending stocks are slightly higher than a year earlier. 

For Mexico, 2013/14 supplies are down 1.8 percent from 2012/13, as higher beginning stocks are offset by 

lower production. Higher domestic use and lower ending stocks are based on trends in population and 

reasonable carryover requirements, respectively. Exports to all destinations are lower, but shipments to the 

U.S. market are up 5.3 percent from 2012/13. 

LIVESTOCK, POULTRY, AND DAIRY: Total U.S. red meat and poultry production in 2014 is projected to 

be above 2013 as higher pork and poultry production more than offsets declines in beef production. Tighter 

cattle supplies and potential heifer retention during late 2013 and into 2014 are expected to limit cattle 

available for placement, thereby reducing fed cattle slaughter in 2014. Lower cow numbers and herd 

rebuilding will also limit non-fed beef production. Pork production is forecast to increase more rapidly than in 

2013 as lower forecast feed costs provide incentives for producers to expand farrowings and increase 

carcass weights from 2013 levels. Broiler and turkey production are forecast higher as lower forecast feed 

prices encourage expansion despite lower poultry prices. Egg production for 2014 is forecast to expand as 

producers respond to lower feed costs. 

The total red meat and poultry production forecast for 2013 is lowered from last month as lower pork, broiler, 

and turkey production more than offsets greater beef production. Higher cattle placements are expected to 

support higher fed beef production and cow slaughter has remained relatively high. However, recent winter 

storms have affected cattle weights which are lowered slightly from last month. Pork production is down 

marginally on lower forecast slaughter in the second of half of 2013. Broiler production is lowered on 

hatchery and chick placement data to date, while turkey production is cut on lower poult placements. 

Continued year-over-year declines in U.S. beef production are expected to push beef exports lower in 2014. 

 Pork exports are expected to rebound in 2014 as supplies increase and demand improves. Broiler exports 

are forecast higher on expanded supplies and moderating prices. Beef imports are expected to be higher in 

2014 as U.S. cow slaughter declines and domestic non-fed beef supplies tighten. Pork imports are forecast 

up fractionally from 2013. 

The 2013 red meat export forecast is lowered from last month, largely due to lower expected pork exports. 

The beef forecast is adjusted to reflect lower first-quarter exports. Poultry exports are raised as higher 

broiler exports more than offset lower turkey exports. 

For 2014, cattle prices are forecast to rise above 2013 as supplies continue to tighten. Hog prices are 

forecast to be slightly lower than 2013 on higher production. Broiler, turkey, and egg prices are forecast to 

be below 2013 as production expands. 

Cattle price forecasts for 2013 are unchanged from last month. Hog prices are down fractionally from last 

month on weaker second quarter prices. Broiler prices are forecast higher as prices remain strong. 

Milk production for 2014 is forecast higher as lower feed costs and relatively strong milk prices are expected 

to support production. Commercial exports are forecast higher on robust international demand. Imports will 

be lower on greater domestic supplies. With higher domestic production, cheese, butter, and whey prices 

are forecast lower than last year, while nonfat dry milk (NDM) is higher largely on continued strength in 

international demand. Both Class III and Class IV prices are forecast lower. In the case of Class IV, lower 

forecast butter prices more than offset higher NDM prices. The all milk price is forecast at $18.85 to $19.85 

per cwt for 2014. 
WASDE-518-5 

Forecast milk production in 2013 is unchanged from last month. Imports are raised. Exports are higher as 

abundant U.S. supplies and competitive prices are expected to spur foreign demand. Cheese, butter, and 

NDM prices are raised from last month while whey is lower. The Class III price is lowered as lower whey 

prices more than offset greater cheese prices. Class IV is up reflecting higher prices for butter and NDM. 

The all milk price is forecast at $19.50 to $20.00 per cwt. 

COTTON: The U.S. cotton projections for 2013/14 include lower production, exports, and ending stocks 

compared with 2012/13. Projected production is reduced 19 percent to 14.0 million bales, based on regional 

average abandonment and yields. Abandonment for the Southwest region is projected at 25 percent due to 

continued drought conditions. Domestic mill use is projected at 3.5 million bales, 100,000 bales above 

2012/13. Exports are projected at 11.5 million bales, down 13 percent from 2012/13, due to the smaller 

available domestic supply and lower imports by China. Ending stocks are reduced to 3.0 million bales, 

equal to 20 percent of total use, which is well below the previous 10-year average. The forecast range for 

the marketing year average price received by producers is 68.0 to 88.0 cents per pound, compared with 72.0 

cents estimated for 2012/13. 

The initial 2013/14 world cotton projections show world ending stocks of nearly 93 million bales, the third 

consecutive seasonal record, as China’s policy of stockpiling cotton in its national reserve is assumed to 

continue. World production is projected nearly 3 percent lower than 2012/13 at 117.8 million bales, as 

reductions, mainly for the United States, China, Turkey, Greece, and Mexico, are partially offset by 

increases for Brazil, India, Pakistan, and Australia. World consumption is expected to rise 2 percent due to 

modest growth in world GDP. World trade is expected to fall 12 percent, as sharply lower imports by China 

and India are partially offset by increases for Pakistan, Turkey, Mexico and others. World ending stocks 

outside of China are projected to fall nearly 2.0 million bales. 

China’s national reserve stocks are currently expected to reach nearly 40 million bales at the end of 

2012/13. Based on the government of China’s current reserve purchase and release prices and import 

quota policies, USDA is projecting that China will import 12.0 million bales in 2013/14 and will add 10 million 

bales to ending stocks as reserve purchases exceed reserve sales. The resulting projected China ending 

stocks of 58.2 million bales would account for 63 percent of world stocks. 

For 2012/13, the final U.S. crop production estimate of 17.3 million bales is virtually unchanged from last 

month. U.S. exports are raised 250,000 bales, reflecting recent activity and stronger expected imports by 

China, which are raised 1.8 million bales from last month. India’s production and consumption also show 

significant increases. 

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: 

 JOSEPH W. GLAUBER 

ACTING SECRETARY OF AGRICULTURE 
WASDE-518-6 

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, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov 

Thomas Capehart, ERS; Richard O’Meara, 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; James 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; Claire Mezoughem, FAS; Dale Leuck, FSA. 

Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov 

Larry Haller, AMS; David Harvey, ERS; Lazaro Sandoval, FAS; Milton Madison, FSA. 

Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov 

Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. 

In 2013, the WASDE report will be released at 12:00 noon EST on Jun. 12, 

Jul. 11, Aug. 12, Sep. 12, Oct. 11, Nov. 8, Dec. 10. 
WASDE-518-7 

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 
 

 

 

 

May 2013 

 

 

WASDE - 518 - 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 2317.32 2781.00 343.43 2310.91 470.10

2012/13 (Est.) 2254.14 2724.23 293.22 2284.32 439.92 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 2433.66 2873.58 316.13 2393.22 480.36 filler filler filler filler filler

Wheat 2011/12 697.17 896.38 157.79 696.91 199.47

2012/13 (Est.) 655.64 855.11 137.38 674.94 180.17 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 701.10 881.27 143.32 694.89 186.38 filler filler filler filler filler

Coarse Grains 5/ 2011/12 1154.34 1320.09 146.52 1154.51 165.57

2012/13 (Est.) 1128.28 1293.85 117.20 1139.53 154.32 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 1253.30 1407.63 133.90 1221.49 186.13 filler filler filler filler filler

Rice, milled 2011/12 465.81 564.54 39.12 459.48 105.06

2012/13 (Est.) 470.22 575.28 38.64 469.85 105.43 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 479.26 584.69 38.91 476.84 107.84 filler filler filler filler filler

 

United States Output Total

Supply Trade 2/ TotalUse 3/

Ending

Stocks

 

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

2012/13 (Est.) 354.10 413.25 52.63 317.71 42.91 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 438.01 488.06 65.40 348.80 73.87 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 27.90 37.59 19.89 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 55.98 79.40 25.17 35.98 18.25 filler filler filler filler filler

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

2012/13 (Est.) 286.01 319.56 21.30 276.31 21.95 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 376.00 400.83 37.10 309.16 54.57 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.) Apr NA NA NA NA NA

2013/14 (Proj.) May 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 estimate. 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). 

 

 

 
 

 

May 2013 

WASDE - 518 - 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 1,933.32 2,333.20 270.62 1,985.25 420.76

2012/13 (Est.) 1,900.04 2,310.99 240.59 1,966.61 397.00 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 1,995.65 2,385.52 250.74 2,044.43 406.48 filler filler filler filler filler

Wheat 2011/12 642.76 815.45 129.23 664.76 179.26

2012/13 (Est.) 593.88 769.74 109.49 637.35 160.28 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 645.12 801.87 118.15 658.91 168.14 filler filler filler filler filler

Coarse Grains 5/ 2011/12 830.62 961.21 105.49 864.48 137.75

2012/13 (Est.) 842.27 974.29 95.90 863.22 132.38 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 877.31 1,006.80 96.80 912.34 131.56 filler filler filler filler filler

Rice, milled 2011/12 459.94 556.54 35.89 456.01 103.76

2012/13 (Est.) 463.89 566.96 35.21 466.04 104.35 filler filler filler filler filler

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 473.22 576.85 35.79 473.19 106.79 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 minus 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 45.87 103.31 71.22

2012/13 (Est.) 120.95 192.17 45.01 108.15 84.78

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 117.82 202.60 39.50 110.43 92.74

United States 2011/12 15.57 18.19 11.71 3.30 3.35

2012/13 (Est.) 17.32 20.67 13.25 3.40 4.00

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 14.00 18.01 11.50 3.50 3.00

Foreign 4/ 2011/12 109.57 156.39 34.15 100.01 67.87

2012/13 (Est.) 103.63 171.50 31.76 104.75 80.78

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 103.82 184.59 28.00 106.93 89.74 

1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes U.S. domestic mill use only. 4/ Total 

Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances.

 

 
 

 

May 2013 

WASDE - 518 - 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 2011/12 441.93 524.69 111.19 393.73 64.93

2012/13 (Est.) 469.43 534.36 112.64 395.14 70.35

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 491.34 561.68 124.69 408.42 82.63

Oilmeals 2011/12 266.86 277.39 80.37 262.68 11.96

2012/13 (Est.) 268.15 280.11 80.24 265.89 10.76

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 277.59 288.35 83.36 273.19 11.30

Vegetable Oils 2011/12 156.80 171.08 63.41 151.82 17.43

2012/13 (Est.) 159.64 177.08 65.95 157.12 17.85

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 166.11 183.96 68.12 161.84 19.63

United States Output

 Total

Supply Trade

 Total

/Use 2

 dingEn

Stocks

 

Oilseeds 2011/12 92.35 100.94 37.69 50.36 5.57

2012/13 (Est.) 92.63 99.32 37.75 48.77 5.22

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 100.89 107.05 40.16 50.18 8.82

Oilmeals 2011/12 39.52 42.93 9.16 33.43 0.34

2012/13 (Est.) 37.76 41.35 9.33 31.69 0.34

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 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.) 9.92 15.25 1.50 12.63 1.13

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 9.97 14.88 1.05 12.75 1.08 filler filler filler filler filler

Foreign 3/ Output

 Total

Supply Trade

 Total

/Use 2

 Ending

Stocks

 

Oilseeds 2011/12 349.59 423.75 73.50 343.37 59.36

2012/13 (Est.) 376.80 435.04 74.89 346.37 65.13

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 390.45 454.64 84.53 358.24 73.81

Oilmeals 2011/12 227.34 234.46 71.21 229.25 11.62

2012/13 (Est.) 230.40 238.75 70.91 234.21 10.42

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 238.77 245.97 73.79 240.72 10.97

Vegetable Oils 2011/12 146.75 155.59 62.26 139.03 15.89

2012/13 (Est.) 149.72 161.82 64.45 144.50 16.73

2013/14 (Proj.) Apr NA NA NA NA NA

2013/14 (Proj.) May 156.14 169.08 67.07 149.08 18.55 

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.

 

 

 

 
 

 

 

May 2013

WASDE - 518 - 11 

 

U.S. Wheat Supply and Use 1/ 

 

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

 Apr May

 Million Acres

Area Planted 54.4 55.7 NA 56.4 *

Area Harvested 45.7 49.0 NA 46.7 *

 Bushels

Yield per Harvested Acre 43.7 46.3 NA 44.1 *

 Million Bushels

Beginning Stocks 862 743 NA 731

Production 1,999 2,269 NA 2,057

Imports 112 125 NA 130

 Supply, Total 2,974 3,137 NA 2,917

Food 941 945 NA 958

Seed 76 76 NA 74

Feed and Residual 164 360 NA 290

 Domestic, Total 1,182 1,381 NA 1,322

Exports 1,050 1,025 NA 925

 Use, Total 2,231 2,406 NA 2,247

Ending Stocks 743 731 NA 670

 CCC Inventory 0 0 NA

 Free Stocks 743 731 NA

 Outstanding Loans 0 0 NA

Avg. Farm Price ($/bu) 2/ 7.24 7.80 NA 6.15 - 7.45

 

 

 

U.S. Wheat by Class: Supply and Use

 

 

Year beginning June 1 Hard

Winter

Hard

Spring

Soft

Red White Durum Total

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

Production 1,004 505 420 259 82 2,269

 Supply, Total 3/ 1,338 700 626 331 142 3,137

 Domestic Use 588 280 315 110 88 1,381

Exports 410 220 195 175 25 1,025

 Use, Total 998 500 510 285 113 2,406

Ending Stocks, Total May 340 199 115 46 30 731

Ending Stocks, Total Apr 357 190 107 46 30 731

 

 

 

Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price 

received by farmers. 3/ Includes imports. * Planted acres reported 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). Winter wheat harvested acres and yield reported in the May 10, 2013,"Crop 

Production." 

 

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

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

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

 

May 2013

WASDE - 518 - 12

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

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

 Apr May

 Million Acres

Area Planted 102.5 109.8 NA 111.4 *

Area Harvested 91.1 96.6 NA 100.5 *

 Metric Tons

Yield per Harvested Acre 3.55 2.96 NA 3.74

 Million Metric Tons

Beginning Stocks 32.3 27.8 NA 21.9

Production 323.6 285.8 NA 375.8

Imports 2.7 5.5 NA 2.7

 Supply, Total 358.5 319.2 NA 400.5

Feed and Residual 119.5 117.4 NA 141.4

Food Seed & Industrial 170.2 158.5 NA 167.4

 Domestic, Total 289.7 276.0 NA 308.8

Exports 41.0 21.3 NA 37.1

 Use, Total 330.7 297.2 NA 345.9

Ending Stocks 27.8 21.9 NA 54.6

 CCC Inventory 0.0 0.0 NA

 Free Stocks 27.8 21.9 NA

 Outstanding Loans 1.1 1.3 NA

 

CORN

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

 April May

 Million Acres

Area Planted 91.9 97.2 NA 97.3 *

Area Harvested 84.0 87.4 NA 89.5 *

 Bushels

Yield per Harvested Acre 147.2 123.4 NA 158.0 *

 Million Bushels

Beginning Stocks 1,128 989 NA 759

Production 12,360 10,780 NA 14,140

Imports 29 125 NA 25

 Supply, Total 13,516 11,894 NA 14,924

Feed and Residual 4,545 4,400 NA 5,325

Food, Seed & Industrial 2/ 6,439 5,985 NA 6,295

 Ethanol & by-products 3/ 5,011 4,600 NA 4,850

 Domestic, Total 10,985 10,385 NA 11,620

Exports 1,543 750 NA 1,300

 Use, Total 12,527 11,135 NA 12,920

Ending Stocks 989 759 NA 2,004

 CCC Inventory 0 0 NA

 Free Stocks 989 759 NA

 Outstanding Loans 41 50 NA

Avg. Farm Price ($/bu) 4/ 6.22 6.70 - 7.10 NA 4.30 - 5.10

 

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 Feed Outlook table 5 or access the data on the Web through the Feed Grains Database at 

www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to produce ethanol and by-products 

including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-year weighted average price received by 

farmers. * Planted acres reported in the March 28, 2013, "Prospective Plantings." For corn, harvested acres projected based on historical 

abandonment and use for silage. Projected yield based on a weather adjusted trend, lowered to reflect the asymmetric yield response to 

July precipitation and the slow pace of planting progress as of early May. (See Westcott and Jewison, Weather Effects on Expected Corn 

and Soybean Yields, USDA Agricultural Outlook Forum 2013, February 22, 2013.) 

 

 
 

 

May 2013

WASDE - 518 - 13

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

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

 Apr May

 Million Bushels Filler Filler Filler Filler Filler

Area Planted (mil. acres) 5.5 6.2 NA 7.6 *

Area Harvested (mil. acres) 3.9 5.0 NA 6.6 *

Yield (bushels/acre) 54.6 49.8 NA 64.4 *

Beginning Stocks 27 23 NA 22

Production 214 247 NA 425

Imports 0 12 NA 0

 Supply, Total 242 282 NA 447

Feed and Residual 71 100 NA 120

Food, Seed & Industrial 85 80 NA 120

 Total Domestic 156 180 NA 240

Exports 63 80 NA 150

 Use, Total 219 260 NA 390

Ending Stocks 23 22 NA 57

Avg. Farm Price ($/bu) 2/ 5.99 6.65 - 7.05 NA 3.90 - 4.70 Filler Filler Filler Filler Filler

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

 April May

Filler Filler Filler Filler Filler

Area Planted (mil. acres) 2.6 3.6 NA 3.6 *

Area Harvested (mil. acres) 2.2 3.2 NA 3.2 *

Yield (bushels/acre) 69.6 67.9 NA 68.8 *

Beginning Stocks 89 60 NA 74

Production 156 220 NA 220

Imports 16 23 NA 20

 Supply, Total 261 303 NA 314

Feed and Residual 38 65 NA 75

Food, Seed & Industrial 155 155 NA 155

 Total Domestic 193 220 NA 230

Exports 9 9 NA 10

 Use, Total 201 229 NA 240

Ending Stocks 60 74 NA 74

Avg. Farm Price ($/bu) 2/ 5.35 6.40 NA 5.30 - 6.30 Filler Filler Filler Filler Filler

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

 April May

Filler Filler Filler Filler Filler

Area Planted (mil. acres) 2.5 2.8 NA 2.9 *

Area Harvested (mil. acres) 0.9 1.0 NA 1.2 *

Yield (bushels/acre) 57.1 61.3 NA 63.5 *

Beginning Stocks 68 55 NA 32

Production 54 64 NA 73

Imports 94 90 NA 95

 Supply, Total 215 209 NA 200

Feed and Residual 82 100 NA 80

Food, Seed & Industrial 76 76 NA 77

 Total Domestic 158 176 NA 157

Exports 2 1 NA 3

 Use, Total 160 177 NA 160

Ending Stocks 55 32 NA 40

Avg. Farm Price ($/bu) 2/ 3.49 3.85 NA 2.70 - 3.30 Filler Filler Filler Filler Filler

Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and 

oats. 2/ Marketing-year weighted average price received by farmers. * Planted acres reported in the March 28, 2013, 

"Prospective Plantings." Harvested area - For sorghum, harvested acres are based on the 5-year Olympic average harvestedto-planted ratio, 2007-2011. For barley and oats, harvested acres 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. 

 
 

 

 

May 2013 

 

 

WASDE - 518 - 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.

 Apr May

 Million Acres

Area Planted 2.69 2.70 NA 2.61 *

Area Harvested 2.62 2.68 NA 2.59 * Filler

 Pounds

Yield per Harvested Acre 7,067 7,449 NA 7,317 *

 Million Hundredweight

 Beginning Stocks 2/ 48.5 41.1 NA 34.1

 Production 184.9 199.5 NA 189.5

 Imports 19.4 21.5 NA 22.5

 Supply, Total 252.8 262.1 NA 246.1

 Domestic & Residual 3/ 110.1 120.0 NA 115.0

 Exports, Total 4/ 101.6 108.0 NA 98.0

 Rough 32.7 36.0 NA 36.0

 Milled (rough equiv.) 68.9 72.0 NA 62.0

 Use, Total 211.7 228.0 NA 213.0

 Ending Stocks 41.1 34.1 NA 33.1

Avg. Milling Yield (%) 5/ 69.93 70.00 NA 70.25

Avg. Farm Price ($/cwt) 6/ 14.50 14.70 - 15.10 NA 14.30 - 15.30 Total

 

LONG-GRAIN RICE

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

 April May

 Harvested Acres (mil.) 1.74 1.98 Yield (pounds/acre) 6,691 7,285 

 Beginning Stocks 35.6 24.3 NA 20.4

 Production 116.4 144.2 NA 135.5

 Supply, Total 7/ 168.9 187.4 NA 175.9

 Domestic & Residual 3/ 77.9 90.0 NA 85.0

 Exports 8/ 66.8 77.0 NA 69.0

 Use, Total 144.7 167.0 NA 154.0

 Ending Stocks 24.3 20.4 NA 21.9

 Avg. Farm Price ($/cwt) 6/ 13.40 14.20 - 14.60 NA 13.80 - 14.80 Filler Filler Filler Filler Filler

 

 

MEDIUM & SHORT-GRAIN RICE

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

 April May

 Harvested Acres (mil.) 0.88 0.70 

 Yield (pounds/acre) 7,812 7,914 

 Beginning Stocks 10.1 14.7 NA 11.5

 Production 68.6 55.3 NA 54.0

 Supply, Total 7/ 81.7 72.5 NA 68.0

 Domestic & Residual 3/ 32.2 30.0 NA 30.0

 Exports 8/ 34.8 31.0 NA 29.0

 Use, Total 67.0 61.0 NA 59.0

 Ending Stocks 14.7 11.5 NA 9.0

 Avg. Farm Price ($/cwt) 6/ 9/ 17.10 15.80 - 16.20 NA 15.50 - 16.50 Filler Filler Filler Filler Filler

 

Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken 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 unreported use, processing losses, and estimating errors. Use by type may not add to total 

rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough 

basis. 5/ Expressed as a percent, i.e., the total 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 calculated using the previous five-year Olympic average--2008/09-2012/13. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ 

Exports by type of rice are estimated. 9/ The medium/short-grain season-average-farm price (SAFP) largely reflects rice that is marketed through price pools 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 difference between the August WASDE SAFP forecast and 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, 2013, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-planted ratios by rice 

class, 2008-2012. Projected yield is based on linear trend analysis by rice class for the period 1982/83 to 2012/13. 

 
 

 

May 2013 

 

WASDE - 518 - 15 

 

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

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

 Apr May Filler Filler Filler Filler Filler

 Million Acres

Area Planted 75.0 77.2 NA 77.1 *

Area Harvested 73.8 76.1 NA 76.2 * Filler

 Bushels

Yield per Harvested Acre 41.9 39.6 NA 44.5 *

 Million Bushels

Beginning Stocks 215 169 NA 125

Production 3,094 3,015 NA 3,390

Imports 16 20 NA 15

 Supply, Total 3,325 3,204 NA 3,530

Crushings 1,703 1,635 NA 1,695

Exports 1,362 1,350 NA 1,450

Seed 90 90 NA 87

Residual 1 5 NA 33

 Use, Total 3,155 3,080 NA 3,264

Ending Stocks 169 125 NA 265

Avg. Farm Price ($/bu) 2/ 12.50 14.30 NA 9.50 - 11.50 Total

 

 

 

SOYBEAN OIL

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

 April May

Filler Filler Filler Filler Filler

 Million Pounds

Beginning Stocks 2,425 2,540 NA 1,635

Production 19,740 19,295 NA 19,495

Imports 149 350 NA 250

 Supply, Total 22,314 22,185 NA 21,380

Domestic Disappearance 18,310 18,350 NA 18,550

 Biodiesel 3/ 4,870 4,900 NA 5,400

 Food, Feed & other Industrial 13,440 13,450 NA 13,150

Exports 1,464 2,200 NA 1,300

 Use, Total 19,774 20,550 NA 19,850

Ending stocks 2,540 1,635 NA 1,530

Avg. Price (c/lb) 2/ 51.90 49.00 NA 47.00 - 51.00 Total

 

 

 

SOYBEAN MEAL

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

 April May

Filler 1 2 3 4

 Thousand Short Tons

Beginning Stocks 350 300 NA 300

Production 41,025 38,950 NA 40,235

Imports 216 350 NA 165

 Supply, Total 41,591 39,600 NA 40,700

Domestic Disappearance 31,550 29,400 NA 30,200

Exports 9,741 9,900 NA 10,200

 Use, Total 41,291 39,300 NA 40,400

Ending Stocks 300 300 NA 300

Avg. Price ($/s.t.) 2/ 393.53 425.00 NA 280.00 - 320.00 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; oil, simple 

average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Source: U.S. Energy Information

Administration. * Planted acres are reported in the March 28, 2013 "Prospective Plantings". Harvested acres based on the 5-year average 

harvested-to-planted ratio. Projected yields based on 1988-2012 trend analysis adjusted for weather during the growing season. 
 

 

 

May 2013 

WASDE - 518 - 16 

 

 

U.S. Sugar Supply and Use 1/ 

 

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

Apr May May Filler Filler Filler Filler Filler

 1,000 Short Tons, Raw Value

Beginning Stocks 1,378 1,985 1,985 2,168

Production 2/ 8,488 8,980 9,015 8,584

 Beet Sugar 4,900 5,100 5,100 4,840

 Cane Sugar 3,588 3,880 3,915 3,744

 Florida 1,828 1,850 1,866 1,833

 Hawaii 172 180 180 180

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

 Texas 150 150 169 170

Imports 3,631 3,036 2,903 3,438

 TRQ 3/ 1,883 1,154 1,094 1,265

 Other Program 4/ 664 225 125 400

Other 5/ 1,084 1,657 1,684 1,773

 Mexico 1,071 1,647 1,674 1,763

 Total Supply 13,497 14,001 13,903 14,190

 

Exports 269 175 200 200

Deliveries 11,243 11,690 11,535 11,745

 Food 6/ 11,070 11,480 11,400 11,560

 Other 7/ 173 210 135 185

Miscellaneous 0000

 Total Use 11,512 11,865 11,735 11,945

Ending Stocks 1,985 2,136 2,168 2,245

Stocks to Use Ratio 17.2 18.0 18.5 18.8 Total

 

1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data". 2/ Production projections for 2013/14 are 

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 (460). 

For 2013/14, shortfall (200). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2011/12, other hightier (13) and other (0). For 2012/13, other high-tier (10) and other (0). For 2013/14, other high-tier (10) and other (0). 6/Combines 

SMD deliveries for domestic human food use and SMD miscellaneous 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. Apr 966 6,117 112 4,540 1,520 1,135

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

 

2013/14 Proj. Apr NA NA NA NA NA NA

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

 

 

1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2011/12 = 1,283; Oct-Feb 2011/12 = 589; Oct-Feb 2012/13 = 

549. Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, 

Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2012/13 (340 est), 2013/14 

(340 proj). 
 

 

May 2013 

 

WASDE - 518 - 17 

U.S. Cotton Supply and Use 1/ 

 

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

 Apr May Filler Filler Filler Filler Filler

Area Million Acres

 Planted 14.74 12.31 NA 10.03 *

 Harvested 9.46 9.37 NA 8.40 * Filler

 Pounds

Yield per Harvested Acre 790 887 NA 800 *

 Million 480 Pound Bales

Beginning Stocks 2.60 3.35 NA 4.00

Production 15.57 17.32 NA 14.00

Imports 0.02 0.01 NA 0.01

 Supply, Total 18.19 20.67 NA 18.01

Domestic Use 3.30 3.40 NA 3.50

Exports, Total 11.71 13.25 NA 11.50

 Use, Total 15.01 16.65 NA 15.00

Unaccounted 2/ -0.17 0.02 NA 0.01

Ending Stocks 3.35 4.00 NA 3.00

Avg. Farm Price 3/ 88.3 72.0 NA 68.0 - 88.0 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 difference between the previous season's supply less total use and 

ending stocks. 3/ Cents per pound for upland cotton. *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 25 percent due to continued drought 

conditions. 

 

 
 

 

May 2013 

WASDE - 518 - 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/ 199.47 655.64 141.97 130.20 674.94 137.38 180.17

United States 20.21 61.76 3.40 9.80 37.59 27.90 19.89

Total Foreign 179.26 593.88 138.57 120.41 637.35 109.49 160.28

 Major Exporters 4/ 27.32 192.34 6.30 58.50 142.94 63.00 20.02

 Argentina 0.76 11.00 0.01 0.10 6.00 5.00 0.77

 Australia 7.06 22.08 0.12 3.70 7.04 18.00 4.22

 Canada 5.93 27.20 0.48 4.70 9.90 18.50 5.21

 EU-27 5/ 13.56 132.06 5.70 50.00 120.00 21.50 9.82

 Major Importers 6/ 88.50 186.94 77.28 30.24 257.29 6.86 88.57

 Brazil 1.73 4.30 7.70 0.40 11.10 1.70 0.93

 China 55.95 120.60 3.20 20.00 120.00 1.00 58.75

 Sel. Mideast 7/ 6.21 17.42 19.98 2.48 33.18 1.04 9.39

 N. Africa 8/ 13.74 17.23 20.70 2.28 40.39 0.58 10.71

 Pakistan 4.26 23.30 0.20 0.40 23.40 0.80 3.56

 Southeast Asia 9/ 4.58 0.00 15.30 3.19 15.63 0.74 3.52

 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 71.87 24.93 14.36

 Russia 10.90 37.72 1.00 11.50 33.50 10.70 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 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, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, 

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. 

 

 
 

 

May 2013 

WASDE - 518 - 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/ Apr NA NA NA NA NA NA NA

May 180.17 701.10 140.43 136.49 694.89 143.32 186.38

United States Apr NA NA NA NA NA NA NA

May 19.89 55.98 3.54 7.89 35.98 25.17 18.25

Total Foreign Apr NA NA NA NA NA NA NA

May 160.28 645.12 136.90 128.60 658.91 118.15 168.14

 Major Exporters 4/ Apr NA NA NA NA NA NA NA

May 20.02 205.27 7.12 62.30 146.55 59.50 26.35

 Argentina Apr NA NA NA NA NA NA NA

May 0.77 13.00 0.01 0.10 6.05 7.00 0.72

 Australia Apr NA NA NA NA NA NA NA

May 4.22 24.50 0.12 3.70 7.05 17.00 4.79

 Canada Apr NA NA NA NA NA NA NA

May 5.21 29.00 0.49 4.50 9.70 18.50 6.50

 EU-27 5/ Apr NA NA NA NA NA NA NA

May 9.82 138.77 6.50 54.00 123.75 17.00 14.35

 Major Importers 6/ Apr NA NA NA NA NA NA NA

May 88.57 194.69 74.14 30.61 260.02 6.22 91.15

 Brazil Apr NA NA NA NA NA NA NA

May 0.93 5.00 7.50 0.40 11.20 1.00 1.23

 China Apr NA NA NA NA NA NA NA

May 58.75 121.00 3.50 20.00 120.50 1.00 61.75

 Sel. Mideast 7/ Apr NA NA NA NA NA NA NA

May 9.39 19.99 15.84 3.58 34.64 1.04 9.54

 N. Africa 8/ Apr NA NA NA NA NA NA NA

May 10.71 20.46 20.60 2.28 41.06 0.58 10.13

 Pakistan Apr NA NA NA NA NA NA NA

May 3.56 24.00 0.20 0.40 23.50 0.80 3.46

 Southeast Asia 9/ Apr NA NA NA NA NA NA NA

May 3.52 0.00 16.60 3.16 16.12 0.71 3.29

 Selected Other India Apr NA NA NA NA NA NA NA

May 24.20 92.00 0.01 3.50 87.01 8.00 21.20

 FSU-12 Apr NA NA NA NA NA NA NA

May 14.36 107.09 6.76 25.30 76.31 35.70 16.20

 Russia Apr NA NA NA NA NA NA NA

May 5.42 56.00 0.50 15.50 37.50 18.00 6.42

 Kazakhstan Apr NA NA NA NA NA NA NA

May 2.93 15.00 0.01 2.40 7.20 7.50 3.24

 Ukraine Apr NA NA NA NA NA NA NA

May 2.22 22.00 0.10 4.00 12.00 9.50 2.82

 

 

1/ Aggregate of local marketing years. 2/ Total foreign 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, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, 

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. 

 

 

 
 

 

May 2013 

WASDE - 518 - 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 1,154.34 128.24 656.33 1,154.51 146.52 165.57

United States 32.29 323.73 2.87 119.60 290.03 41.03 27.82

Total Foreign 133.45 830.62 125.38 536.74 864.48 105.49 137.75

 Major Exporters 4/ 24.96 154.23 2.13 74.75 101.70 60.43 19.19

 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. Beginning

Stocks Production Imports

 Domestic

Feed

 Domestic

/Total 2 Exports

 Ending

Stocks

 

World 3/ 165.57 1,128.28 124.13 669.27 1,139.53 117.20 154.32

United States 27.82 286.01 5.73 117.54 276.31 21.30 21.95

Total Foreign 137.75 842.27 118.40 551.73 863.22 95.90 132.38

 Major Exporters 4/ 19.19 163.77 1.77 77.46 105.89 58.39 20.44

 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 78.77 1.11 47.34 56.09 21.53 11.76

 Canada 3.39 24.30 0.55 13.71 21.19 4.28 2.77

 Major Importers 5/ 37.92 225.97 88.58 237.12 315.60 6.12 30.76

 EU-27 6/ 15.80 143.12 11.06 114.31 152.73 5.76 11.49

 Japan 1.09 0.18 18.01 13.40 18.21 0.00 1.07

 Mexico 1.87 29.08 9.90 21.75 38.67 0.10 2.08

 N. Afr & Mideast 7/ 11.47 27.18 20.63 42.73 50.00 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 6.72 24.86 32.77 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 60.23 214.79 5.65 145.50 216.28 0.11 64.29

 FSU-12 6.32 69.02 0.77 35.30 50.18 21.31 4.63

 Russia 1.91 28.66 0.30 16.20 24.93 4.76 1.18

 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 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, Australia, Canada, Brazil, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South 

Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, 

and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

 

 

 
 

 

 

May 2013 

 

WASDE - 518 - 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/ Apr NA NA NA NA NA NA NA

May 154.32 1,253.30 126.36 717.70 1,221.49 133.90 186.13

United States Apr NA NA NA NA NA NA NA

May 21.95 376.00 2.89 141.48 309.16 37.10 54.57

Total Foreign Apr NA NA NA NA NA NA NA

May 132.38 877.31 123.48 576.23 912.34 96.80 131.56

 Major Exporters 4/ Apr NA NA NA NA NA NA NA

May 20.44 162.13 1.87 78.71 107.85 53.54 23.05

 Argentina Apr NA NA NA NA NA NA NA

May 1.48 36.86 0.01 7.70 12.36 23.91 2.09

 Australia Apr NA NA NA NA NA NA NA

May 0.91 11.14 0.00 4.11 5.69 5.25 1.11

 Brazil Apr NA NA NA NA NA NA NA

May 11.76 74.81 1.21 48.36 57.13 18.01 12.64

 Canada Apr NA NA NA NA NA NA NA

May 2.77 25.83 0.55 13.40 21.10 4.35 3.69

 Major Importers 5/ Apr NA NA NA NA NA NA NA

May 30.76 239.84 88.71 241.49 321.53 7.06 30.72

 EU-27 6/ Apr NA NA NA NA NA NA NA

May 11.49 151.60 7.36 112.83 152.10 6.56 11.78

 Japan Apr NA NA NA NA NA NA NA

May 1.07 0.19 18.54 13.92 18.73 0.00 1.06

 Mexico Apr NA NA NA NA NA NA NA

May 2.08 30.47 10.25 22.95 40.22 0.15 2.43

 N. Afr & Mideast 7/ Apr NA NA NA NA NA NA NA

May 9.16 30.51 22.23 45.37 52.79 0.11 9.00

 Saudi Arabia Apr NA NA NA NA NA NA NA

May 2.87 0.35 9.90 9.93 10.50 0.00 2.62

 Southeast Asia 8/ Apr NA NA NA NA NA NA NA

May 2.15 26.46 7.70 26.07 34.17 0.24 1.89

 South Korea Apr NA NA NA NA NA NA NA

May 1.53 0.21 8.29 6.25 8.52 0.00 1.51

 Selected Other China Apr NA NA NA NA NA NA NA

May 64.29 218.48 9.45 157.40 233.13 0.11 58.99

 FSU-12 Apr NA NA NA NA NA NA NA

May 4.63 82.39 0.79 38.40 55.38 25.94 6.48

 Russia Apr NA NA NA NA NA NA NA

May 1.18 36.10 0.30 18.60 28.90 6.41 2.27

 Ukraine Apr NA NA NA NA NA NA NA

May 2.02 34.55 0.08 10.95 15.13 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 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, 

Australia, Canada, Brazil, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast 

Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ 

Indonesia, Malaysia, Philippines, Thailand, and Vietnam. 

 
 

 

May 2013 

WASDE - 518 - 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/ 128.11 882.96 100.02 505.36 878.85 116.78 132.22

United States 28.64 313.95 0.74 115.46 279.02 39.18 25.12

Total Foreign 99.47 569.01 99.29 389.90 599.83 77.60 107.10

 Major Exporters 4/ 17.82 106.47 0.79 52.75 68.20 43.08 13.80

 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 12.47 0.01 4.95 10.70 1.60 3.60

 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/ 132.22 857.12 96.57 518.35 863.92 89.03 125.43

United States 25.12 273.83 3.18 111.77 263.79 19.05 19.29

Total Foreign 107.10 583.29 93.39 406.59 600.12 69.98 106.14

 Major Exporters 4/ 13.80 114.70 0.84 55.00 71.40 42.20 15.73

 Argentina 0.99 26.50 0.01 5.00 7.60 19.00 0.90

 Brazil 9.21 76.00 0.80 45.00 53.00 21.50 11.51

 South Africa 3.60 12.20 0.03 5.00 10.80 1.70 3.32

 Major Importers 5/ 15.31 109.72 56.00 119.10 167.93 1.24 11.86

 Egypt 2.22 5.80 4.00 8.70 10.70 0.01 1.31

 EU-27 6/ 6.71 56.65 10.50 52.50 68.40 1.00 4.46

 Japan 0.61 0.00 15.00 10.50 15.00 0.00 0.61

 Mexico 1.27 21.50 7.50 12.50 28.70 0.10 1.47

 Southeast Asia 7/ 2.64 25.63 6.70 24.80 32.70 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 59.34 208.00 3.00 144.00 207.00 0.05 63.29

 FSU-12 2.55 32.40 0.29 14.97 17.54 16.16 1.54

 Ukraine 1.05 20.92 0.05 6.40 7.70 13.50 0.82

 

 

 

1/ Aggregate of local marketing years. 2/ Total foreign 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 Korea, Taiwan, and Southeast Asia. 6/ Trade excludes 

intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. 
 

 

May 2013 

 

 

WASDE - 518 - 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/ Apr NA NA NA NA NA NA NA

May 125.43 965.94 98.68 561.67 936.74 104.62 154.63

United States Apr NA NA NA NA NA NA NA

May 19.29 359.17 0.64 135.26 295.16 33.02 50.91

Total Foreign Apr NA NA NA NA NA NA NA

May 106.14 606.77 98.05 426.41 641.57 71.60 103.72

 Major Exporters 4/ Apr NA NA NA NA NA NA NA

May 15.73 112.00 0.84 56.40 73.30 38.50 16.77

 Argentina Apr NA NA NA NA NA NA NA

May 0.90 27.00 0.01 5.30 8.30 18.50 1.11

 Brazil Apr NA NA NA NA NA NA NA

May 11.51 72.00 0.80 46.00 54.00 18.00 12.31

 South Africa Apr NA NA NA NA NA NA NA

May 3.32 13.00 0.03 5.10 11.00 2.00 3.35

 Major Importers 5/ Apr NA NA NA NA NA NA NA

May 11.86 118.94 54.08 119.70 169.93 2.90 12.06 filler filler filler filler filler filler filler

 Egypt Apr NA NA NA NA NA NA NA

May 1.31 5.60 4.90 8.90 10.90 0.01 0.90

 EU-27 6/ Apr NA NA NA NA NA NA NA

May 4.46 63.80 7.00 51.00 67.80 2.50 4.96

 Japan Apr NA NA NA NA NA NA NA

May 0.61 0.00 15.50 11.00 15.50 0.00 0.61

 Mexico Apr NA NA NA NA NA NA NA

May 1.47 23.00 6.50 12.50 29.00 0.15 1.82

 Southeast Asia 7/Apr NA NA NA NA NA NA NA

May 2.15 26.40 7.68 26.00 34.10 0.24 1.89

 South Korea Apr NA NA NA NA NA NA NA

May 1.47 0.08 8.20 6.20 8.30 0.00 1.45

 Selected Other Canada Apr NA NA NA NA NA NA NA

May 1.43 13.80 0.50 7.10 12.80 1.00 1.93

 China Apr NA NA NA NA NA NA NA

May 63.29 212.00 7.00 156.00 224.00 0.05 58.24

 FSU-12 Apr NA NA NA NA NA NA NA

May 1.54 39.76 0.29 16.62 19.49 19.34 2.77

 Ukraine Apr NA NA NA NA NA NA NA

May 0.82 26.00 0.05 7.00 8.60 16.50 1.77

 

 

 

 

1/ Aggregate of local marketing years. 2/ Total foreign 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 Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, 

Philippines, Thailand, and Vietnam.

 

 

 
 

 

May 2013 

 

WASDE - 518 - 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 35.76 459.48 39.12 105.06

United States 1.51 5.87 0.62 3.47 3.22 1.30

Total Foreign 97.21 459.94 35.14 456.01 35.89 103.76

 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 14.33 76.63 1.21 10.91

 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 4.13 5.83 0.02 1.08

 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/ 105.06 470.22 35.72 469.85 38.64 105.43

United States 1.30 6.33 0.68 3.81 3.43 1.08

Total Foreign 103.76 463.89 35.04 466.04 35.21 104.35

 Major Exporters 4/ 37.01 157.85 0.74 129.39 27.60 38.61

 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 8.00 11.63

 Vietnam 1.83 27.65 0.10 20.10 7.40 2.08

 Major Importers 5/ 10.91 63.65 13.55 77.77 1.05 9.29

 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 2.90 5.70 0.00 0.69

 Philippines 1.51 11.35 1.50 12.93 0.00 1.43

 Sel. Mideast 7/ 1.08 1.67 4.18 5.98 0.02 0.93

 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 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 Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected 

Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central 

American and Caribbean countries.

 

 

 
 

 

 

May 2013 

 

WASDE - 518 - 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/ Apr NA NA NA NA NA NA

May 105.43 479.26 36.31 476.84 38.91 107.84

United States Apr NA NA NA NA NA NA filler filler filler filler filler filler

May 1.08 6.04 0.71 3.66 3.12 1.05

Total Foreign Apr NA NA NA NA NA NA filler filler filler filler filler filler

May 104.35 473.22 35.59 473.19 35.79 106.79

 Major Exporters 4/ Apr NA NA NA NA NA NA

May 38.61 163.15 0.70 132.40 27.90 42.16

 India Apr NA NA NA NA NA NA

May 24.00 108.00 0.00 98.50 8.50 25.00 filler filler filler filler filler filler

 Pakistan Apr NA NA NA NA NA NA

May 0.90 6.20 0.00 2.70 3.20 1.20

 Thailand Apr NA NA NA NA NA NA

May 11.63 21.10 0.60 10.60 8.50 14.23

 Vietnam Apr NA NA NA NA NA NA

May 2.08 27.85 0.10 20.60 7.70 1.73

 Major Importers 5/ Apr NA NA NA NA NA NA

May 9.29 65.47 13.17 78.30 1.45 8.19

 Brazil Apr NA NA NA NA NA NA filler filler filler filler filler filler

May 0.70 8.50 0.75 7.80 1.20 0.95

 EU-27 6/ Apr NA NA NA NA NA NA

May 1.19 2.11 1.20 3.15 0.20 1.15

 Indonesia Apr NA NA NA NA NA NA

May 4.09 37.70 1.50 40.30 0.00 2.99

 Nigeria Apr NA NA NA NA NA NA

May 0.69 3.10 2.90 5.90 0.00 0.79

 Philippines Apr NA NA NA NA NA NA

May 1.43 11.70 1.20 12.93 0.00 1.41

 Sel. Mideast 7/ Apr NA NA NA NA NA NA

May 0.93 1.76 4.10 6.00 0.02 0.77

 Selected Other Burma Apr NA NA NA NA NA NA

May 0.15 11.00 0.00 10.25 0.75 0.15

 C. Amer & Carib 8/ Apr NA NA NA NA NA NA

May 0.43 1.69 1.53 3.19 0.00 0.46

 China Apr NA NA NA NA NA NA

May 46.62 144.00 3.00 147.00 0.20 46.42

 Egypt Apr NA NA NA NA NA NA

May 0.46 4.85 0.03 4.00 0.85 0.49

 Japan Apr NA NA NA NA NA NA

May 2.75 7.72 0.70 8.15 0.20 2.82

 Mexico Apr NA NA NA NA NA NA

May 0.17 0.13 0.73 0.85 0.00 0.17

 South Korea Apr NA NA NA NA NA NA

May 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 Vietnam. 5/ Brazil, Indonesia, Hong 

Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected 

Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. 

 
 

 

May 2013 

 

WASDE - 518 - 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 45.87 -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 34.15 -0.57 67.87

 Major Exporters 4/ 26.93 55.46 1.14 28.75 28.66 -0.76 26.88

 Central Asia 5/ 2.63 6.81 0.04 2.12 4.21 0.03 3.13

 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 71.22 120.95 45.21 108.15 45.01 -0.56 84.78

United States 3.35 17.32 0.01 3.40 13.25 0.02 4.00

Total Foreign 67.87 103.63 45.21 104.75 31.76 -0.58 80.78

 Major Exporters 4/ 26.88 51.27 2.56 32.00 27.10 -0.77 22.37

 Central Asia 5/ 3.13 7.27 0.03 2.33 5.25 0.03 2.81

 Afr. Fr. Zone 6/ 1.14 4.33 3/ 0.19 3.75 0.00 1.54

 S. Hemis 7/ 13.22 11.95 0.33 5.38 10.73 -0.30 9.70

 Australia 3.57 4.30 3/ 0.04 5.20 -0.18 2.81

 Brazil 7.99 5.80 0.13 4.10 4.50 -0.15 5.47

 India 8.94 26.50 1.70 22.75 7.00 -0.50 7.89

 Major Importers 8/ 39.11 49.65 39.63 68.96 2.61 0.19 56.63

 Mexico 0.71 1.09 1.00 1.80 0.25 0.03 0.73

 China 31.08 35.00 18.25 36.00 0.08 0.00 48.26

 EU-27 9/ 0.69 1.50 0.86 0.85 1.57 0.05 0.58

 Turkey 1.24 2.60 3.70 6.00 0.19 0.00 1.36

 Pakistan 2.84 9.30 2.75 11.50 0.40 0.03 2.96

 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 3.70 0.00 0.01 0.82

 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 marketing channel; for Australia, Brazil, China, and the United States, reflects 

the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ 

Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, 

Turkmenistan, 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 listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. 

 
 

 

May 2013 

 

WASDE - 518 - 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 Apr NA NA NA NA NA NA NA

May 84.78 117.82 39.50 110.43 39.50 -0.58 92.74

United States Apr NA NA NA NA NA NA NA

May 4.00 14.00 0.01 3.50 11.50 0.01 3.00

Total Foreign Apr NA NA NA NA NA NA NA

May 80.78 103.82 39.50 106.93 28.00 -0.59 89.74 filler filler filler filler filler filler filler

 Major Exporters 4/ Apr NA NA NA NA NA NA NA

May 22.37 53.13 1.93 32.83 23.94 -0.78 21.43

 Central Asia 5/ Apr NA NA NA NA NA NA NA

May 2.81 7.26 0.02 2.42 5.26 0.03 2.39

 Afr. Fr. Zone 6/ Apr NA NA NA NA NA NA NA

May 1.54 4.26 3/ 0.19 4.25 0.00 1.36

 S. Hemis 7/ Apr NA NA NA NA NA NA NA

May 9.70 13.48 0.29 5.48 8.46 -0.31 9.84

 Australia Apr NA NA NA NA NA NA NA

May 2.81 4.50 3/ 0.04 4.70 -0.18 2.74

 Brazil Apr NA NA NA NA NA NA NA

May 5.47 7.00 0.08 4.20 2.80 -0.15 5.69

 India Apr NA NA NA NA NA NA NA

May 7.89 27.00 1.00 23.50 5.50 -0.50 7.39 filler filler filler filler filler filler filler

 Major Importers 8/ Apr NA NA NA NA NA NA NA

May 56.63 47.99 34.58 70.30 2.15 0.19 66.56

 Mexico Apr NA NA NA NA NA NA NA

May 0.73 0.85 1.20 1.90 0.20 0.03 0.65

 China Apr NA NA NA NA NA NA NA

May 48.26 34.00 12.00 36.00 0.08 0.00 58.18

 EU-27 9/ Apr NA NA NA NA NA NA NA

May 0.58 1.22 0.84 0.84 1.29 0.05 0.46

 Turkey Apr NA NA NA NA NA NA NA

May 1.36 2.25 4.00 6.10 0.18 0.00 1.33

 Pakistan Apr NA NA NA NA NA NA NA

May 2.96 9.50 3.10 12.00 0.30 0.03 3.24

 Indonesia Apr NA NA NA NA NA NA NA

May 0.49 0.03 2.45 2.45 0.00 0.05 0.47

 Thailand Apr NA NA NA NA NA NA NA

May 0.29 3/ 1.63 1.60 0.00 0.03 0.29

 Bangladesh Apr NA NA NA NA NA NA NA

May 0.82 0.12 3.75 3.90 0.00 0.01 0.78

 Vietnam Apr NA NA NA NA NA NA NA

May 0.46 0.02 2.35 2.35 0.00 0.00 0.48

 

 

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 channel; for Australia, Brazil, China, and the United States, reflects the 

difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes 

Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, 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 listed, 

includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. 

 
 

May 2013 

WASDE - 518 - 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/ 70.12 239.46 93.22 226.78 256.16 91.94 54.71

United States 5.85 84.19 0.44 46.35 48.81 37.06 4.61

Total Foreign 64.27 155.27 92.78 180.44 207.35 54.87 50.10

 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/ 15.77 16.89 83.27 82.16 98.80 0.35 16.79

 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 0.05 0.21 3.61 3.78 3.81 0.00 0.05

 

 

 

2012/13 Est. Beginning

Stocks Production Imports

 Domestic

Crush

 Domestic

Total Exports

 Ending

Stocks

 

World 2/ 54.71 269.11 93.59 229.29 258.74 96.21 62.46

United States 4.61 82.06 0.54 44.50 47.08 36.74 3.39

Total Foreign 50.10 187.05 93.04 184.79 211.66 59.47 59.06

 Major Exporters 3/ 31.10 145.85 0.26 73.78 78.76 53.35 45.11

 Argentina 18.10 51.00 0.00 35.20 36.85 9.10 23.15

 Brazil 12.97 83.50 0.24 35.55 38.70 36.35 21.65

 Paraguay 0.01 8.35 0.02 3.00 3.13 5.00 0.25

 Major Importers 4/ 16.79 14.92 83.29 85.69 102.35 0.39 12.25

 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 0.05 0.25 3.55 3.78 3.81 0.00 0.04

 

 

2013/14 Proj. Beginning

Stocks

Production Imports Domestic

Crush

 Domestic

Total

Exports Ending

Stocks

 

World 2/ Apr NA NA NA NA NA NA NA

May 62.46 285.50 104.29 239.21 270.18 107.12 74.96

United States Apr NA NA NA NA NA NA NA

May 3.39 92.26 0.41 46.13 49.38 39.46 7.22

Total Foreign Apr NA NA NA NA NA NA NA

May 59.06 193.24 103.88 193.08 220.80 67.66 67.74

 Major Exporters 3/ Apr NA NA NA NA NA NA NA

May 45.11 151.02 0.07 78.33 83.49 61.54 51.17

 Argentina Apr NA NA NA NA NA NA NA

May 23.15 54.50 0.00 38.00 39.68 12.00 25.97

 Brazil Apr NA NA NA NA NA NA NA

May 21.65 85.00 0.05 37.00 40.30 41.50 24.90

 Paraguay Apr NA NA NA NA NA NA NA

May 0.25 8.40 0.02 3.30 3.43 5.00 0.24

 Major Importers 4/ Apr NA NA NA NA NA NA NA

May 12.25 14.50 93.62 88.66 105.68 0.38 14.31

 China Apr NA NA NA NA NA NA NA

May 11.39 12.00 69.00 67.35 78.63 0.30 13.46

 EU-27 Apr NA NA NA NA NA NA NA

May 0.42 1.00 12.10 12.10 13.02 0.05 0.45

 Japan Apr NA NA NA NA NA NA NA

May 0.16 0.21 2.76 1.95 3.00 0.00 0.13

 Mexico Apr NA NA NA NA NA NA NA

May 0.04 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 October-September year. 2/ World 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/ Argentina, 

Brazil, Paraguay, and Uruguay. 4/ China, EU-27, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). 

 
 

May 2013 

WASDE - 518 - 29 

 

World Soybean Meal Supply and Use 1/ 

 

(Million Metric Tons) 

2011/12 Beginning

Stocks

Production Imports Domestic

Total

Exports Ending

Stocks

 

World 2/ 8.79 179.36 57.23 177.35 58.33 9.70

United States 0.32 37.22 0.20 28.62 8.84 0.27

Total Foreign 8.47 142.14 57.03 148.73 49.49 9.43

 Major Exporters 3/ 5.51 64.26 0.04 18.25 45.11 6.44

 Argentina 2.48 27.95 0.00 0.92 26.04 3.47

 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 47.52 0.95 1.42

 EU-27 0.51 9.57 20.79 29.71 0.88 0.28

 Southeast Asia 5/ 0.79 2.60 11.57 13.97 0.06 0.93

 

 

2012/13 Est. Beginning

Stocks Production Imports

 Domestic

Total Exports

 Ending

tocksS

 

World 2/ 9.70 180.99 56.85 179.34 58.87 9.33

United States 0.27 35.34 0.32 26.67 8.98 0.27

Total Foreign 9.43 145.66 56.53 152.66 49.89 9.06

 Major Exporters 3/ 6.44 62.92 0.03 19.27 43.82 6.31

 Argentina 3.47 27.45 0.00 1.09 26.02 3.81

 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/ 1.42 13.54 34.23 46.93 0.76 1.49

 EU-27 0.28 9.42 20.00 28.81 0.70 0.19

 Southeast Asia 5/ 0.93 2.69 12.00 14.40 0.06 1.15

 

 

2013/14 Proj. Beginning

Stocks

Production Imports Domestic

Total

Exports Ending

Stocks

 

World 2/ Apr NA NA NA NA NA NA

May 9.33 188.72 59.14 185.78 61.56 9.85

United States Apr NA NA NA NA NA NA

May 0.27 36.50 0.15 27.40 9.25 0.27

Total Foreign Apr NA NA NA NA NA NA

May 9.06 152.22 58.99 158.38 52.30 9.58

 Major Exporters 3/ Apr NA NA NA NA NA NA

May 6.31 66.33 0.03 19.87 46.20 6.60

 Argentina Apr NA NA NA NA NA NA

May 3.81 29.63 0.00 1.15 28.65 3.64

 Brazil Apr NA NA NA NA NA NA

May 2.42 28.70 0.03 14.65 13.60 2.89

 India Apr NA NA NA NA NA NA

May 0.08 8.00 0.01 4.07 3.95 0.07

 Major Importers 4/ Apr NA NA NA NA NA NA

May 1.49 13.73 35.68 48.30 0.77 1.82

 EU-27 Apr NA NA NA NA NA NA

May 0.19 9.54 20.80 29.39 0.70 0.43

 Southeast Asia 5/ Apr NA NA NA NA NA NA

May 1.15 2.72 12.55 15.11 0.07 1.24

 

 

 

1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World 

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/ Argentina, Brazil, and India. 4/ EU-27, Southeast Asia, and Japan. 

5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand.

 

 

 
 

 

May 2013 

WASDE - 518 - 30 

 

World Soybean Oil Supply and Use 1/

(Million Metric Tons) 

2011/12 Beginning

Stocks

Production Imports Domestic

Total

Exports Ending

Stocks

 

World 2/ 3.70 42.35 8.06 41.74 8.47 3.89

United States 1.10 8.95 0.07 8.31 0.66 1.15

Total Foreign 2.60 33.40 7.99 33.44 7.81 2.73

 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 0.12

 

 

 

2012/13 Est. Beginning

Stocks Production Imports

 Domestic

Total Exports

 Ending

Stocks

 

World 2/ 3.89 42.92 8.47 43.04 8.82 3.41

United States 1.15 8.75 0.16 8.32 1.00 0.74

Total Foreign 2.73 34.17 8.31 34.72 7.82 2.67

 Major Exporters 3/ 0.85 15.71 0.32 10.22 6.00 0.67

 Argentina 0.33 6.71 0.00 3.03 3.75 0.26

 Brazil 0.40 6.82 0.00 5.41 1.50 0.31

 EU-27 0.12 2.18 0.32 1.78 0.75 0.10

 Major Importers 4/ 1.09 13.74 3.95 17.28 0.19 1.31

 China 0.62 11.57 1.50 12.69 0.06 0.94

 India 0.36 1.77 1.15 3.00 0.00 0.28

 North Africa 5/ 0.12 0.40 1.30 1.59 0.13 0.10

 

 

2013/14 Proj. Beginning

Stocks

Production Imports Domestic

Total

Exports Ending

Stocks

 

World 2/ Apr NA NA NA NA NA NA

May 3.41 44.58 8.71 44.33 9.11 3.25

United States Apr NA NA NA NA NA NA

May 0.74 8.84 0.11 8.41 0.59 0.69

Total Foreign Apr NA NA NA NA NA NA

May 2.67 35.73 8.59 35.92 8.52 2.56

 Major Exporters 3/ Apr NA NA NA NA NA NA

May 0.67 16.56 0.30 10.37 6.59 0.57

 Argentina Apr NA NA NA NA NA NA

May 0.26 7.25 0.00 3.08 4.22 0.21

 Brazil Apr NA NA NA NA NA NA

May 0.31 7.10 0.00 5.51 1.67 0.23

 EU-27 Apr NA NA NA NA NA NA

May 0.10 2.21 0.30 1.78 0.70 0.13

 Major Importers 4/ Apr NA NA NA NA NA NA

May 1.31 14.25 4.18 18.24 0.19 1.31

 China Apr NA NA NA NA NA NA

May 0.94 12.07 1.60 13.53 0.06 1.01

 India Apr NA NA NA NA NA NA

May 0.28 1.78 1.25 3.10 0.00 0.20

 North Africa 5/ Apr NA NA NA NA NA NA

May 0.10 0.41 1.33 1.61 0.13 0.09

 

 

 

1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World 

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/ Argentina, Brazil and EU-27. 4/ China, India, and North Africa. 5/ Algeria, 

Egypt, Morocco, and Tunisia.

 

 

 
 

 

May 2013 

 

WASDE - 518 - 31 

 

U.S. Quarterly Animal Product Production 1/ 

 

Year and Quarter Beef Pork Red Meat

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* 6,430 5,575 12,071 9,500 1,475 11,110 23,181 1,950 51.8

III* 6,390 5,690 12,147 9,600 1,475 11,210 23,357 1,960 49.8

IV* 6,115 6,440 12,624 9,500 1,550 11,170 23,794 2,015 49.7

Annual 

Apr Proj. 24,880 23,505 48,654 37,910 6,110 44,535 93,189 7,855 201.8

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

 

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

Annual 

Apr Proj. NA NA NA NA NA NA NA NA NA

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

 

* Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ 

Broilers, turkeys and mature chicken. 4/ Milk production forecasts reflect changes in available data published by the National Agricultural 

Statistics 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./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt

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* 125-129 59-61 105-109 98-100 108-112 19.25-19.55

III* 126-134 60-64 97-103 100-106 105-111 19.60-20.20

IV* 127-137 52-56 93-101 101-109 118-128 19.70-20.60

Annual 

Apr Proj. 125-132 58-60 98-103 99-103 114-120 19.45-19.95

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

 

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

Annual 

Apr Proj. NA NA NA NA NA NA

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

 

 

 

*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, National 

Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. 

 

 

 
 

 

May 2013

WASDE - 518 - 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. Apr 608 24,976 2,565 28,149 2,425 550 25,174 55.7

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 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. Apr 625 23,522 800 24,947 5,205 650 19,092 46.8

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 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. Apr 1,259 48,781 3,518 53,558 7,647 1,223 44,688 103.6

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 1,222 48,502 3,751 53,475 7,571 1,221 44,683 103.0 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. Apr 651 37,504 112 38,267 7,200 635 30,432 82.6

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 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. Apr 296 6,030 20 6,346 800 300 5,246 16.6

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 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. Apr 948 44,049 134 45,131 8,090 937 36,104 100.5

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 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. Apr 2,207 92,829 3,652 98,688 15,737 2,160 80,791 204.1

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

2014 Proj. Apr NA NA NA NA NA NA NA NA

May 2,159 93,646 3,885 99,690 16,071 2,173 81,446 204.6

 

 

 

1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less 

condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: 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. 

 

 
 

 

May 2013 

 

WASDE - 518 - 33 

 

 

U.S. Egg Supply and Use 

 

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

 Apr May Apr May

Eggs Million Dozen 

 Supply 

 Beginning Stocks 19.3 27.7 20.8 20.8 NA 20.0

 Production 7,658.0 7,753.0 7,855.0 7,864.0 NA 8,015.0

 Imports 20.9 18.4 16.0 16.1 NA 16.0

 Total Supply 7,698.2 7,799.1 7,891.8 7,900.9 NA 8,051.0

 Use 

 Exports 276.4 301.6 271.0 273.2 NA 287.0

 Hatching Use 951.8 936.6 975.0 960.5 NA 990.0

 Ending Stocks 27.7 20.8 22.0 20.0 NA 21.0

 Disappearance 

 Total 6,442.3 6,540.1 6,623.8 6,647.2 NA 6,753.0

 Per Capita (number) 247.8 249.7 251.1 252.0 NA 254.1 Total

 

 

U.S. Milk Supply and Use

 

 

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

 Apr May Apr May

Milk Billion Pounds 

Production 1/ 196.2 200.3 201.8 201.8 NA 204.6

 Farm Use 1.0 1.0 1.0 1.0 NA 1.0

Fat Basis Supply 

Beg. Commercial Stocks 10.8 10.9 12.2 12.2 NA 12.0

Marketings 195.2 199.4 200.8 200.8 NA 203.7

Imports 3.5 4.1 3.9 4.0 NA 3.9

 Total Cml. Supply 209.5 214.3 216.9 217.0 NA 219.6

Fat Basis Use 

Commercial Exports 9.4 8.8 9.4 10.0 NA 10.3

Ending Commercial Stks 10.9 12.2 11.4 12.0 NA 11.8

CCC Net Removals 2/ 0.0 0.0 0.0 0.0 NA 0.0

Commercial Use 3/ 189.2 193.3 196.1 195.0 NA 197.4

Skim-solid Basis Supply 

Beg. Commercial Stocks 12.2 11.8 12.3 12.4 NA 12.1

Marketings 195.2 199.4 200.8 200.8 NA 203.7

Imports 5.3 5.7 5.3 5.6 NA 5.4

 Total Cml. Supply 212.6 216.9 218.4 218.8 NA 221.1

Skim-solid Basis Use 

Commercial Exports 32.5 33.3 34.4 34.7 NA 36.4

Ending Commercial Stks 11.8 12.4 11.5 12.1 NA 12.1

CCC Net Removals 2/ 0.0 0.0 0.0 0.0 NA 0.0

Commercial Use 3/ 168.2 171.2 172.5 172.0 NA 172.6 Filler

 Million Pounds 

CCC product net removals 2/ 

Butter 0 0 0 0 NA 0

Cheese 0 0 0 0 NA 0

Nonfat Dry Milk 0 0 0 0 NA 0

Dry Whole Milk 0 0 0 0 NA 0 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 Milk Production report beginning April 2013. 2/ Includes products 

exported under the Dairy Export Incentive Program. 3/ Domestic commercial use only. 

 
 

May 2013 

WASDE - 518 - 34 

 

U.S. Dairy Prices 

 

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

 Apr May Apr May

Product Prices 1/ Dollars Per Pound 

Cheese 1.8246 1.7076 1.735-

1.785

1.745-

1.795

NA 1.675-

1.775

Butter 1.9498 1.5943 1.560-

1.640

1.570-

1.650

NA 1.485-

1.615

Nonfat Dry Milk 1.5058 1.3279 1.585-

1.625

1.590-

1.630

NA 1.585-

1.655

Dry Whey 0.5325 0.5935 0.605-

0.635

0.580-

0.610

NA 0.565-

0.595 Filler

 Dollars Per Cwt 

Milk Prices 2/ 

Class III 18.37 17.44 17.85-

18.35

17.80-

18.30

NA 17.00-

18.00

Class IV 19.04 16.01 18.10-

18.70

18.20-

18.80

NA 17.80-

18.90

All Milk 3/ 20.14 18.53 19.45-

19.95

19.50-

20.00

NA 18.85-

19.85

 

 1/ Simple average of monthly prices calculated by AMS from weekly 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 deductions from producers as authorized by legislation. 

 

 

 

 
 

May 2013

WASDE - 518 - 35

Note: Tables on pages 35-37 present a record of the May projection 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 more than 3.2 percent. Chances 

are 9 out of 10 (90% confidence level) that the difference will not exceed 5.5 percent. The average difference between the May projection and the final 

estimate is 16.0 million tons, ranging from 1.7 million to 35 million tons. The May projection has been below the estimate 18 times and above 14 times. 

Reliability of May Projections 1/

 Differences between forecast and final estimate

 90 percent Years

Commodity and 

Region

Root mean 

square error

confidence

interval Average Smallest Largest

Below

Final

Above

Final

WHEAT Percent Million Metric Tons

Production World 3.2 5.5 16.0 1.7 35.0 18 14

U.S. 6.8 11.5 3.1 0.0 9.8 16 16

Foreign 3.4 5.8 14.8 1.6 32.9 17 15

Exports World 5.9 9.9 5.3 0.1 16.4 21 11

U.S. 12.2 20.7 3.0 0.0 10.2 18 13

Foreign 6.9 11.7 4.9 0.4 17.8 22 10

Domestic Use World 2.2 3.7 9.5 0.3 28.0 20 12

U.S. 7.7 13.0 1.9 0.2 6.4 17 15

Foreign 2.1 3.6 8.8 0.2 24.7 21 11

Ending Stocks World 10.7 18.1 12.5 0.4 34.1 19 13

U.S. 21.6 36.7 3.6 0.1 14.1 17 15

Foreign 10.8 18.4 10.6 2.5 28.3 18 14

COARSE GRAINS 2/ Production World 4.0 6.7 27.5 1.1 103.6 14 18

U.S. 15.3 25.9 22.5 0.9 103.8 16 16

Foreign 2.9 4.9 14.0 0.2 42.8 13 19

Exports World 7.7 13.0 7.1 1.3 16.9 21 11

U.S. 29.2 49.6 8.3 0.1 29.5 12 20

Foreign 14.7 25.0 6.6 0.3 20.8 21 11

Domestic Use World 2.1 3.6 14.9 0.4 68.4 15 17

U.S. 6.5 11.0 8.9 0.2 38.4 19 13

Foreign 2.1 3.5 11.0 0.5 32.8 15 17

Ending Stocks World 21.7 36.9 23.7 2.6 71.4 18 14

U.S. 59.6 101.2 18.6 1.3 57.6 14 18

Foreign 18.1 30.7 11.3 0.0 33.8 20 12

RICE, milled Production World 2.5 4.3 7.1 0.0 21.8 20 12

U.S. 7.3 12.3 0.3 0.0 1.0 18 14

Foreign 2.6 4.4 7.1 0.4 22.0 20 12

Exports World 10.2 17.3 1.7 0.1 7.5 24 8

U.S. 12.5 21.3 0.3 0.0 1.0 18 11

Foreign 11.0 18.6 1.5 0.2 7.1 24 8

Domestic Use World 2.0 3.5 5.2 0.0 19.4 23 9

U.S. 9.8 16.6 0.2 0.0 0.6 11 20

Foreign 2.1 3.5 5.2 0.2 20.0 24 8

Ending Stocks World 14.9 25.4 5.1 0.1 17.0 22 10

U.S. 35.0 59.5 0.3 0.0 0.9 18 12

Foreign 16.4 27.9 5.1 0.1 16.7 22 10

1/ Footnotes at end of table. CONTINUED

 

 

 
 

May 2013

WASDE - 518 - 36

Reliability of May Projections (Continued)

 Differences between forecast and final estimate

 90 percent Years

Commodity and 

Region

Root mean 

square error

confidence

interval Average Smallest Largest

Below

Final

Above

Final

SOYBEANS Percent Million Metric Tons

Production 

World NA NA 12.9 1.8 23.1 2 2

U.S. 9.2 15.6 4.3 0.0 12.0 15 17

Foreign NA NA 10.5 3.4 16.9 3 1

Exports 

World NA NA 7.0 0.6 10.6 3 1

U.S. 16.5 28.0 3.0 0.0 6.8 17 14

Foreign NA NA 3.6 2.1 4.8 3 1

Domestic Use 

World NA NA 7.1 4.2 9.5 2 2

U.S. 6.8 11.5 2.2 0.1 7.5 19 13

Foreign NA NA 6.5 3.4 10.0 2 2

Ending Stocks World NA NA 6.8 4.6 11.1 2 2

U.S. 62.1 105.4 2.9 0.2 8.4 9 23

Foreign NA NA 6.8 1.0 12.2 3 1

COTTON Million 480-Pound Bales

Production World 6.4 10.8 4.3 0.1 16.7 20 12

U.S. 11.2 19.1 1.6 0.1 5.5 16 16

Foreign 6.5 11.0 3.5 0.3 12.2 19 13

Exports World 10.9 18.5 2.3 0.1 12.4 17 15

U.S. 32.0 54.3 1.4 0.1 3.8 20 12

Foreign 14.1 23.9 1.7 0.1 10.4 17 15

Domestic Use World 4.7 8.0 3.2 0.1 17.2 13 19

U.S. 10.1 17.1 0.6 0.0 1.4 16 15

Foreign 4.8 8.1 3.1 0.0 16.5 15 17

Ending Stocks World 19.2 32.6 6.6 1.0 18.1 22 10

U.S. 46.5 78.9 1.6 0.0 4.3 15 17

Foreign 18.2 30.9 5.5 0.1 17.2 22 10

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 marketing 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.

 

 
 

May 2013

WASDE - 518 - 37

Reliability of United States May Projections 1/

 Differences between forecast and final estimate

 90 percent Years

Root mean 

square error

confidence

interval Average Smallest Largest

Below

Final

Above

Final

CORN Percent Million Bushels

Production 16.2 27.5 799 8 4,010 13 19

Exports 30.5 51.8 301 0 1,100 13 18

Domestic Use 6.9 11.7 347 15 1,538 20 12

Ending Stocks 71.9 122.0 668 41 2,091 14 18

SORGHUM 

Production 21.0 35.7 91 0 228 13 18

Exports 33.6 57.0 43 0 118 14 17

Domestic Use 17.6 29.9 52 0 162 13 18

Ending Stocks 66.7 113.1 54 1 238 12 20

BARLEY 

Production 15.2 25.8 30 1 206 12 20

Exports 76.4 129.6 16 0 92 15 14

Domestic Use 12.0 20.3 32 0 95 16 15

Ending Stocks 22.2 37.8 25 0 78 14 17

OATS 

Production 26.7 45.3 36 1 231 8 24

Exports 121.6 206.4 1 0 8 8 11

Domestic Use 11.6 19.7 23 5 160 11 21

Ending Stocks 29.9 50.8 18 0 77 10 19

SOYBEAN MEAL Thousand Short Tons

Production 6.1 10.3 1,388 0 5,344 19 12

Exports 19.2 32.7 1,032 0 2,750 19 12

Domestic Use 4.7 8.0 871 24 4,950 15 17

Ending Stocks 46.2 78.4 62 0 388 11 15

SOYBEAN OIL Million Pounds

Production 5.7 9.7 667 18 2,500 21 11

Exports 38.3 65.0 531 25 1,700 17 15

Domestic Use 4.2 7.0 451 8 1,800 19 13

Ending Stocks 39.3 66.6 494 25 1,702 19 13

ANIMAL PROD. 3/ Million Pounds 

Beef 4.4 7.6 854 40 2,727 13 6

Pork 3.4 5.8 490 61 1,722 12 6

Broilers 2.7 4.7 752 80 1,640 8 11

Turkeys 3.9 6.8 164 2 477 11 8

 Million Dozen 

Eggs 1.4 2.4 77 2 200 11 8

 Billion Pounds 

Milk 1.8 3.1 2.5 0.2 6.7 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-518-38 

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 Foreign 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 

.217720 

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 ___________________ 

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World Agricultural Supply and Demand Estimates

WASDE-518 – May 10, 2013

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