--- source: USDA World Agricultural Outlook Board url: https://www.usda.gov/oce/commodity/wasde/wasde0426.pdf document_type: pdf date_retrieved: 2026-04-09T16:04:25Z period: April 2026 parent_publication: World Agricultural Supply and Demand Estimates (WASDE) indicators_covered: - Wheat (U.S. & Global) - Corn / Coarse Grains (U.S. & Global) - Rice (U.S. & Global) - Soybeans & Oilseeds (U.S. & Global) - Sugar (U.S. & Global) - Cotton (U.S. & Global) - Livestock and Poultry - U.S. Wheat Supply and Use - U.S. Rice Supply and Use - U.S. Soybeans and Products Supply and Use - U.S. Cotton Supply and Use - World Wheat Supply and Use - World Coarse Grains Supply and Use - World Rice Supply and Use - World Soybeans and Products Supply and Use - World Cotton Supply and Use --- # World Agricultural Supply and Demand Estimates ## April 9, 2026 — WASDE-670 *Published by the USDA's World Agricultural Outlook Board* --- *Full report text extracted from PDF* ISSN: 1554-9089 Office of the Chief Economist WASDE - 670 World Agricultural Supply and Demand Estimates Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service Approved by the World Agricultural Outlook Board April 9, 2026 WHEAT: The outlook for 2025/26 U.S. wheat this month is for slightly higher supplies, marginally lower domestic use, unchanged exports, and higher ending stocks. Supplies are raised entirely on higher imports, based on reported Census data through February. Domestic use is lowered, all on reduced seed use indicated by the NASS Prospective Plantings report. Exports are unchanged at 900 million bushels, but there are offsetting by-class revisions. Ending stocks are raised to 938 million bushels, 10 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price is raised $0.05 per bushel to $5.00 on NASS prices reported to date and price expectations for the remainder of the marketing year. This month’s 2025/26 global wheat outlook is for higher supplies, lower consumption, slightly less trade, and increased ending stocks. Supplies are raised 1.5 million tons to 1,103.2 million, mainly on higher production from the EU and Russia. Global 2025/26 consumption is lowered 4.7 million tons to 820.1 million, mostly on reduced food, seed, and industrial use for India. That country’s government wheat stocks data for the first 11 months of its marketing year indicate higher stocks than previously estimated implying less domestic use. World trade is 0.3 million tons lower at 221.9 million on reduced exports for Ukraine, Australia, and Brazil not being completely offset by higher exports for Russia and Kazakhstan. Projected 2025/26 global ending stocks are raised 6.2 million tons to 283.1 million and are 24 million or 9 percent higher than last year. India, Ukraine, the EU, Australia, and Bangladesh account for most of the stocks increase this month. COARSE GRAINS: This month’s 2025/26 U.S. corn outlook is unchanged relative to last month. Feed and residual use is unchanged at 6.2 billion bushels reflecting reported disappearance during the December-February quarter as indicated in the March 31 Grain Stocks report. Disappearance during the first half of the marketing year totaled 9.6 billion bushels, up over 1.0 billion from the same period a year ago. The season-average corn price received by producers is raised 5 cents to $4.15 per bushel based on reported prices to date. Global coarse grain production for 2025/26 is forecast 5.1 million tons higher to 1.598 billion. This month’s foreign coarse grain outlook is for larger production, trade, and ending stocks relative to last month. Foreign corn production is raised, with increases for India, South Africa, Indonesia, and Russia partially offset by a decline for Uruguay. India is raised reflecting higher area based on the latest information reported by the government. South Africa is up on increases to both area and yield with the latter reflecting above average rainfall observed in most regions during the growing season. WASDE-670-2 Major global trade changes for 2025/26 include higher projected corn exports for India, Russia, and South Africa with reductions for Pakistan and Uruguay. Corn imports are raised for Turkey and Morocco but reduced for Iran and Indonesia. Foreign corn ending stocks are up reflecting increases for India, South Africa, and Brazil. Global corn ending stocks, at 294.8 million tons, are up 2.1 million. RICE: The U.S. rice outlook for 2025/26 projects steady supplies, lower domestic use, reduced exports, and higher ending stocks. Domestic use and residual is lowered by 2.0 million cwt to 169.0 million, all long-grain, primarily on the latest NASS Rice Stocks report which indicated less December-February disappearance than previously estimated. All rice exports are reduced by 3.0 million cwt to 82.0 million, also all long-grain, on continued slow sales and shipments to Western Hemisphere markets. Ending stocks are increased by 5.0 million cwt to 55.3 million, the highest since 1985/86. The 2025/26 season-average farm price (SAFP) for all rice stays at $12.10 per cwt with offsetting changes. The long-grain SAFP is lowered by $0.10 per cwt to $10.40, while the mediumand short-grain SAFP for Other States is raised $0.50 per cwt to $14.70. This month’s global rice forecast for 2025/26 is for higher supplies, lower consumption, reduced trade, and increased ending stocks. Supplies are up by 0.4 million tons to 732.9 million, largely due to greater production in Thailand. Consumption is lowered by 0.4 million tons to 540.6 million, reflecting changes in several countries. Trade falls by 0.5 million tons to 61.5 million, mainly because of a reduction for Pakistan on its slow export pace. As a result of these changes, global ending stocks are raised 0.8 million tons to 192.3 million. OILSEEDS: The outlook for U.S. soybean supply and use for 2025/26 includes higher crush, lower exports, and unchanged ending stocks. Soybean crush is raised 35 million bushels to 2.61 billion on increased soybean meal domestic use. Exports are reduced 35 million bushels to 1.54 billion on pace to date and higher South American shipments. Soybean ending stocks are unchanged at 350 million bushels. The U.S. season-average soybean price for 2025/26 is forecast at $10.30 per bushel, up $0.10. The soybean meal price is increased $10 to $310 per short ton and the soybean oil price is raised 4 cents to 59 cents per pound. Global 2025/26 soybean supply includes higher beginning stocks and production. Beginning stocks are raised 1.0 million tons mainly on a revised 2024/25 crop for Brazil. After a review of 2025 disappearance data, Brazil’s 2024/25 production is raised 1.0 million tons to 172.5 million. Soybean production for 2025/26 is raised 0.2 million tons on higher crops for Paraguay and South Africa partly offset by a lower crop for Uruguay. Global 2025/26 soybean use includes nearly unchanged exports, higher crush, and lower ending stocks. Increased soybean exports for Brazil and Paraguay are mostly offset by lower exports for the United States and Uruguay. Soybean crush is increased for the United States, Brazil, and Algeria. Global soybean ending stocks are reduced 0.5 million tons to 124.8 million, mainly on lower stocks for Argentina, Brazil, and Egypt. WASDE-670-3 SUGAR: U.S. sugar supply and sugar use for 2025/26 are individually increased by nearly equal amounts implying ending stocks at about the same level as last month. Ending stocks-to-use is projected at 15.17 percent compared with 15.24 last month. Beet sugar production is projected at 5.060 million short tons, raw value (STRV), a decrease of 32,840 from last month. The decrease is based on a small downward revision to sucrose recovery and an increase in beet pile shrink estimated by processors, somewhat offset by an increase in sugar from desugared molasses. Cane production in Louisiana is unchanged from last month, but production in Florida is increased by 20,000 STRV on processors’ reporting in the Sweetener Market Data (SMD). Imports at 2.512 million STRV are higher than last month by 84,144. Re-export imports are increased 50,000 STRV on the pace to date. High-Tier Tariff/Other imports are up 34,144 STRV mainly on an increase in specialty sugar that pushes its projected total for 2025/26 to 268,895 STRV (an increase of 33,000 STRV), a level that is consistent with specialty imports over the last few years. For the use side, exports are decreased by 25,000 STRV on a weaker pace than previously expected. Deliveries for human consumption are up 94,291 STRV to 12.259 million mainly on an increase in Direct Consumption Imports on the to-date pace for the first 5 months of the fiscal year. Mexico sugar production for 2025/26 is increased 101,288 metric tons (MT) and ending stocks are unchanged providing about 2.5 months of deliveries needed before production in the next marketing year. USDA expects area harvested between 690,000 and 727,000 hectares (ha); sugarcane yield between 65.50 and 69.00 MT/ha; and sucrose recovery between 10.70 and 10.84 percent. The increase in production leads to an equal increase in exports. Because there are no changes for exports under license to the United States, the increase is directed to recipient countries not under license. LIVESTOCK, POULTRY, AND DAIRY: For 2026, total red meat and poultry production is lowered. Pork production is lowered on reduced slaughter. The current outlook for hog slaughter in 2026 reflects the information provided in the March 26 Quarterly Hogs and Pigs report that indicated lower farrowings through much of 2026. Beef production is reduced as lower steer and heifer slaughter in the first half of the year is partially offset by higher cow slaughter in the first two quarters and heavier dressed weights throughout the year. Broiler production is raised on the recent pace of slaughter and heavier weights through the start of the year. Turkey production is raised on recent hatchery data. Egg production is raised on recent layer inventory and production data. Beef exports are lowered for 2026 due to the slow pace of shipments in early 2026 and the reduction of available supplies in the first half of the year. Beef imports are raised based on recent trade data and continued strong demand for lean processing beef. Pork exports are raised in the first quarter due to the latest trade data but are unchanged for the rest of the year. Broiler exports are lowered in the second half of the year on reduced competitiveness in international markets. Turkey exports are raised for the first two quarters on recent trade data and increased production. Cattle prices are left unchanged with the exception of the first quarter, which was updated to reflect reported data through March. Hog prices are lowered in the second and third quarters based on recent trends in hog and pork prices. Broiler prices are lowered in the first two quarters on reported data and higher forecasted supplies. Turkey prices are WASDE-670-4 raised in the first quarter on reported prices but remain unchanged for the rest of the year. Egg prices are lowered on recent data and the expectation that the recovery in the laying flock and egg production will continue to apply downward pressure to prices. The milk production forecast for 2026 is raised on increased cow inventories that more than offset slower growth in milk per cow. Imports are lowered on both a fat and skimsolids basis, primarily due to recent trade data and lower expected purchases of butter, casein and milk protein concentrates, as well as processed dairy products. Exports, however, are higher on both a fat and skim-solids basis due to higher projected shipments of cheese, butter, and dry whole milk. Prices for cheese and nonfat dry milk (NDM) are raised for 2026 on recent price strength, strong domestic demand, and improved price competitiveness for cheese on the international market. Butter prices are lowered on recent price declines, and whey prices are unchanged. Class III prices are raised on higher cheese prices. Class IV prices are raised on higher NDM prices offsetting lower butter prices. The all milk price is projected higher to $20.50 per cwt. COTTON: There are no changes to supply and demand categories in the 2025/26 U.S. cotton balance sheet this month. The season-average farm price forecast is raised 1 cent to 61 cents/lb. The forecast for 2025/26 world cotton production is raised almost 900,000 bales this month with 300,000-bale increases each for China, India and Pakistan, and small changes for other countries. The global consumption forecast is raised about 560,000 bales, driven by higher mill use for China and India that is partially offset by reductions for Bangladesh and Vietnam. World imports are lowered by roughly 160,000 bales as reductions for Pakistan, Bangladesh and Vietnam more than offset increases for China and India, with small changes for selected other countries. World exports are lowered almost 190,000 bales led by a decline for India. Global production, mill use, and ending stocks for 2024/25 are raised primarily because of revisions to India’s balance sheet. The forecast for 2025/26 global ending stocks is raised by over 650,000 bales, largely because of increases for India and China. The projected global stocks-to-use ratio for 2025/26 is 64.7 percent, up marginally from last month. WASDE-670-5 Approved by the Secretary of Agriculture and by the Chairman of the World Agricultural Outlook Board, Mark Jekanowski, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: BROOKE S. APPLETON SECRETARY OF AGRICULTURE DESIGNATE WASDE-670-6 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: Mark Simone, ICEC Chair, WAOB, mark.simone@usda.gov Andrew Sowell, ERS; Rachel Trego, FAS; Carlann Unger, FPAC. Rice: Mark Simone, ICEC Chair, WAOB, mark.simone@usda.gov Jennifer Bond, ERS; Rachel Trego, FAS; Omri Bein, FPAC. Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael.jewison2@usda.gov Steven Ramsey, ERS; Kevin Min, FAS; Georgi Gabrielyan, FPAC. Oilseeds: Joanna Hitchner, ICEC Chair, WAOB, joanna.hitchner@usda.gov Maria Bukowski, ERS; Luke Cummings, FAS; Georgi Gabrielyan, FPAC. Cotton: Kent Lanclos, ICEC Chair, WAOB, kent.lanclos@usda.gov Leslie Meyer, ERS; Stephanie Galbraith, FAS; Omri Bein, FPAC. Sugar: Stephen Haley, ICEC Chair, WAOB, stephen.haley2@usda.gov Vida Abadam, ERS; Souleymane Diaby, FAS; Carlann Unger, FPAC. Meat Animals: Michael McConnell, ICEC Chair, WAOB, michael.mcconnell@usda.gov Kole Swanser, AMS; Mildred Haley, ERS; Mason Grahame, FAS; Georgi Gabrielyan, FPAC. Poultry: Michael McConnell, ICEC Chair, WAOB, michael.mcconnell@usda.gov Kole Swanser, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC. Dairy: Michael McConnell, ICEC Chair, WAOB, michael.mcconnell@usda.gov Lorie Cashman, AMS; Adriana Valcu-Lisman, ERS; Mason Grahame, FAS; Georgi Gabrielyan, FPAC. In 2026 the WASDE report will be released on May 12, Jun 11, Jul 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10. WASDE-670-7 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 April 2026 WASDE - 670 - 8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons Output Total Supply Trade 2/ Total Use 3/ Ending Stocks 2023/24 2024/25 (Est.) 2822.69 2852.86 3615.88 3649.58 515.23 499.34 2819.16 2874.25 796.72 775.33 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 2976.53 2983.76 3751.90 3759.09 537.18 537.15 2959.64 2957.49 792.27 801.60 filler filler filler filler filler 2023/24 2024/25 (Est.) 791.53 799.33 1066.22 1068.97 222.23 210.46 796.58 809.88 269.65 259.09 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 842.12 844.15 1101.75 1103.24 222.16 221.88 824.80 820.12 276.96 283.12 filler filler filler filler filler 2023/24 2024/25 (Est.) 1507.22 1511.96 1844.67 1858.69 236.25 227.40 1497.93 1533.97 346.73 324.72 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 1593.13 1598.26 1917.66 1922.98 253.07 253.82 1593.88 1596.80 323.77 326.18 filler filler filler filler filler 2023/24 2024/25 (Est.) 523.93 541.57 704.99 721.91 56.75 61.49 524.65 530.39 180.34 191.52 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 541.28 541.35 732.50 732.87 61.95 61.45 540.96 540.57 191.54 192.31 filler filler filler filler filler Output Total Supply Trade 2/ Total Use 3/ Ending Stocks 2023/24 2024/25 (Est.) 458.90 452.42 520.30 528.32 85.72 100.66 366.49 360.32 68.09 67.34 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 508.41 508.41 582.72 582.85 116.98 116.88 381.87 381.88 83.87 84.09 filler filler filler filler filler 2023/24 2024/25 (Est.) 49.10 53.85 68.35 76.86 19.21 22.48 30.18 31.12 18.95 23.26 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 54.01 54.01 80.54 80.67 24.49 24.49 30.71 30.66 25.34 25.52 filler filler filler filler filler 2023/24 2024/25 (Est.) 402.88 391.51 442.66 441.58 63.37 75.31 331.42 323.90 47.87 42.37 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 447.83 447.83 492.45 492.45 89.78 89.78 345.74 345.85 56.93 56.82 World Total Grains 4/ Wheat Coarse Grains 5/ Rice, milled United States Total Grains 4/ Wheat Coarse Grains 5/ Rice, milled filler filler filler filler filler 2023/24 2024/25 (Est.) 6.92 7.05 9.29 9.88 3.15 2.87 4.88 5.30 1.27 1.71 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 6.56 6.56 9.73 9.73 2.70 2.60 5.43 5.37 1.60 1.76 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). April 2026 WASDE - 670 - 9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons Output Total Supply Trade 2/ Total Use Ending Stocks 2023/24 2024/25 (Est.) 2,363.79 2,400.44 3,095.58 3,121.26 429.51 398.68 2,452.68 2,513.92 728.63 707.99 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 2,468.12 2,475.36 3,169.19 3,176.24 420.20 420.27 2,577.76 2,575.61 708.40 717.51 Foreign 3/ Total Grains 4/ Wheat filler filler filler filler filler 2023/24 2024/25 (Est.) 742.44 745.48 997.87 992.11 203.02 187.98 766.39 778.76 250.69 235.83 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 788.11 790.14 1,021.22 1,022.57 197.66 197.39 794.09 789.46 251.62 257.60 Coarse Grains 5/ 2023/24 2024/25 (Est.) 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr Rice, milled filler filler filler filler filler 1,104.34 1,120.45 1,402.00 1,417.11 172.88 152.09 1,166.51 1,210.07 298.86 282.36 filler filler filler filler filler 1,145.30 1,150.43 1,425.20 1,430.53 163.29 164.04 1,248.14 1,250.96 266.84 269.36 filler filler filler filler filler 2023/24 2024/25 (Est.) 517.01 534.52 695.70 712.03 53.61 58.61 519.77 525.09 179.08 189.81 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 534.71 534.79 722.77 723.15 59.25 58.85 535.53 535.20 189.94 190.55 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 World United States Foreign 4/ Output Total Supply Trade 2/ Total Use 3/ Ending Stocks 2023/24 2024/25 (Est.) 112.23 119.34 188.09 192.65 44.06 42.40 114.99 119.44 73.30 74.07 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 120.99 121.87 194.75 195.94 43.91 43.72 118.58 119.14 76.39 77.04 filler filler filler filler filler 2023/24 2024/25 (Est.) 12.07 14.41 16.72 17.57 11.75 11.90 1.85 1.70 3.15 4.00 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 13.92 13.92 17.92 17.92 12.00 12.00 1.60 1.60 4.40 4.40 filler filler filler filler filler 2023/24 2024/25 (Est.) 100.17 104.93 171.38 175.08 32.31 30.50 113.14 117.74 70.15 70.07 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 107.08 107.95 176.83 178.01 31.91 31.72 116.98 117.54 71.99 72.64 filler filler filler filler filler 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. April 2026 WASDE - 670 - 10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) Output Total Supply Trade Total Use 2/ Ending Stocks 2023/24 2024/25 (Est.) 657.49 686.76 780.53 822.86 205.21 213.34 543.67 568.80 136.11 143.16 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 697.54 698.21 839.75 841.37 214.99 214.98 582.28 584.61 146.58 145.91 filler filler filler filler filler 2023/24 2024/25 (Est.) 371.55 392.82 389.87 412.10 105.84 114.43 366.30 382.28 19.27 23.05 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 402.12 403.62 425.34 426.67 115.71 116.02 396.77 398.11 24.04 24.08 filler filler filler filler filler 2023/24 2024/25 (Est.) 222.26 230.20 254.70 261.01 86.22 88.49 218.03 223.17 30.81 30.01 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 235.86 236.49 265.79 266.50 87.77 87.90 228.98 229.44 30.65 30.74 World Oilseeds Oilmeals Vegetable Oils filler filler filler filler filler Output Total Supply Trade Total /Use 2 Ending Stocks 2023/24 2024/25 (Est.) 122.16 128.60 132.12 140.69 47.49 52.29 66.22 70.43 10.81 10.23 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 126.24 126.24 137.65 137.65 43.99 43.03 73.91 74.80 11.39 11.49 filler filler filler filler filler 2023/24 2024/25 (Est.) 51.43 55.27 56.13 60.70 14.75 16.78 40.90 43.48 0.49 0.45 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 57.68 58.39 62.80 63.73 17.81 17.81 44.49 45.42 0.50 0.50 filler filler filler filler filler 2023/24 2024/25 (Est.) 13.59 14.49 21.59 21.44 0.42 1.28 20.13 19.05 1.04 1.10 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 14.89 15.07 22.27 22.24 0.70 0.69 20.40 20.35 1.18 1.20 United States Oilseeds Oilmeals Vegetable Oils filler filler filler filler filler Output Total Supply Trade Total Use 2/ Ending Stocks 2023/24 2024/25 (Est.) 535.33 558.16 648.41 682.17 157.73 161.06 477.44 498.37 125.29 132.93 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 571.30 571.97 702.10 703.72 171.00 171.95 508.37 509.81 135.20 134.42 filler filler filler filler filler 2023/24 2024/25 (Est.) 320.13 337.56 333.73 351.39 91.09 97.65 325.40 338.80 18.79 22.61 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 344.44 345.23 362.54 362.95 97.89 98.21 352.29 352.69 23.55 23.58 filler filler filler filler filler 2023/24 2024/25 (Est.) 208.67 215.72 233.12 239.57 85.80 87.21 197.89 204.12 29.77 28.91 filler filler filler filler filler 2025/26 (Proj.) Mar 2025/26 (Proj.) Apr 220.97 221.43 243.52 244.26 87.07 87.21 208.58 209.09 29.47 29.54 filler filler filler filler filler Foreign 3/ Oilseeds Oilmeals Vegetable Oils 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. April 2026 WASDE - 670 - 11 U.S. Wheat Supply and Use 1/ 2023/24 Area Planted Area Harvested 49.6 37.1 Yield per Harvested Acre 48.7 Beginning Stocks Production Imports Supply, Total Food Seed Feed and Residual Domestic, Total Exports Use, Total Ending Stocks Avg. Farm Price ($/bu) 2/ 570 1,804 138 2,511 961 62 86 1,109 706 1,815 696 6.96 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Mar Apr Million Acres 46.3 45.3 38.6 37.2 Bushels 51.2 53.3 Million Bushels 696 855 1,979 1,985 149 120 2,824 2,959 969 967 61 61 113 100 1,143 1,128 826 900 1,969 2,028 855 931 5.52 4.95 45.3 37.2 53.3 855 1,985 125 2,964 967 60 100 1,127 900 2,027 938 5.00 U.S. Wheat by Class: Supply and Use Year beginning June 1 Hard Red Winter Hard Red Spring 274 773 6 1,054 387 26 25 438 215 652 402 402 804 6 1,212 390 26 30 446 320 766 447 450 190 505 79 774 258 15 33 305 251 556 218 218 458 65 741 255 14 10 279 230 509 232 231 Soft Red Winter White Durum Total 21 80 51 152 88 3 15 105 19 124 28 28 86 44 158 86 3 5 94 30 124 34 31 696 1,979 149 2,824 969 61 113 1,143 826 1,969 855 855 1,985 125 2,964 967 60 100 1,127 900 2,027 938 931 Million Bushels 2024/25 (Est.) 2025/26 (Proj.) Beginning Stocks Production Imports Supply, Total 3/ Food Seed Feed and Residual Domestic Use Exports Use, Total Ending Stocks, Total Beginning Stocks Production Imports Supply, Total 3/ Food Seed Feed and Residual Domestic Use Exports Use, Total Ending Stocks, Total Ending Stocks, Total Apr Mar 126 344 5 476 153 12 66 231 118 349 127 127 353 4 484 152 11 65 228 120 348 136 141 85 276 7 368 84 6 -25 65 223 288 80 80 283 6 369 84 6 -10 80 200 280 89 78 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. April 2026 WASDE - 670 - 12 U.S. Feed Grain and Corn Supply and Use 1/ FEED GRAINS 2023/24 Area Planted Area Harvested 107.5 96.0 Yield per Harvested Acre 4.19 Beginning Stocks Production Imports Supply, Total Feed and Residual Food, Seed & Industrial Domestic, Total Exports Use, Total Ending Stocks 37.1 402.6 2.3 442.0 151.5 179.3 330.8 63.4 394.2 47.9 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Mar Apr Million Acres 101.8 110.1 91.4 100.0 Metric Tons 4.28 4.48 Million Metric Tons 47.9 42.3 391.1 447.5 2.0 2.1 441.0 491.9 144.0 161.6 179.3 183.7 323.3 345.2 75.3 89.8 398.6 435.0 42.3 56.9 2024/25 E st. 110.1 100.0 4.48 42.3 447.5 2.1 491.9 161.7 183.7 345.3 89.8 435.1 56.8 2025/26 Proj. 2025/26 Proj. March April CORN Area Planted Area Harvested 94.6 86.5 Yield per Harvested Acre 177.3 Beginning Stocks Production Imports Supply, Total Feed and Residual Food, Seed & Industrial 2/ Ethanol & by-products 3/ Domestic, Total Exports Use, Total Ending Stocks Avg. Farm Price ($/bu) 4/ 1,360 15,341 28 16,729 5,831 6,880 5,489 12,711 2,255 14,966 1,763 4.55 Million Acres 90.9 98.8 83.0 91.3 Bushels 179.3 186.5 Million Bushels 1,763 1,551 14,892 17,021 22 25 16,677 18,597 5,454 6,200 6,813 6,970 5,436 5,600 12,267 13,170 2,858 3,300 15,126 16,470 1,551 2,127 4.24 4.10 98.8 91.3 186.5 1,551 17,021 25 18,597 6,200 6,970 5,600 13,170 3,300 16,470 2,127 4.15 Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5. 3/ Corn processed in ethanol plants to produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketingyear weighted average price received by farmers. April 2026 WASDE - 670 - 13 U.S. Sorghum, Barley, and Oats Supply and Use 1/ SORGHUM 2023/24 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Mar Apr Million Bushels Filler Area Planted (mil. acres) Area Harvested (mil. acres) Yield (bushels/acre) Beginning Stocks Production Imports Supply, Total Feed and Residual Food, Seed & Industrial Total Domestic Exports Use, Total Ending Stocks Avg. Farm Price ($/bu) 2/ Filler Filler Filler Filler Filler 7.2 6.1 52.0 24 318 0 342 51 24 75 234 309 33 4.93 6.3 5.6 61.3 33 344 0 377 140 98 239 98 336 40 4.07 6.6 6.0 72.6 40 437 0 477 100 115 215 225 440 37 3.55 6.6 6.0 72.6 40 437 0 477 100 115 215 225 440 37 3.55 Filler Filler Filler Filler 2023/24 2024/25 E st. 2025/26 Proj. 2025/26 Proj. March April Filler Filler Filler Filler 3.1 2.6 72.3 66 186 13 265 56 126 182 5 187 78 7.39 2.4 1.9 76.6 78 144 9 232 36 118 154 9 162 69 6.31 2.3 1.8 80.0 69 141 8 218 25 115 140 9 149 69 5.45 2.3 1.8 80.0 69 141 8 218 30 115 145 9 154 64 5.45 BARLEY Filler Area Planted (mil. acres) Area Harvested (mil. acres) Yield (bushels/acre) Beginning Stocks Production Imports Supply, Total Feed and Residual Food, Seed & Industrial Total Domestic Exports Use, Total Ending Stocks Avg. Farm Price ($/bu) 2/ Filler Filler Filler Filler Filler 2023/24 2024/25 E st. 2025/26 Proj. 2025/26 Proj. March April Filler Filler Filler Filler 2.6 0.8 68.6 35 57 74 166 47 80 127 2 129 36 3.92 2.2 0.9 76.4 36 68 71 176 64 81 145 2 148 28 3.35 2.4 0.9 73.8 28 70 72 170 55 82 137 3 140 30 3.20 2.4 0.9 73.8 28 70 72 170 55 82 137 3 140 30 3.25 Filler Filler Filler Filler OATS Filler Area Planted (mil. acres) Area Harvested (mil. acres) Yield (bushels/acre) Beginning Stocks Production Imports Supply, Total Feed and Residual Food, Seed & Industrial Total Domestic Exports Use, Total Ending Stocks Avg. Farm Price ($/bu) 2/ 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. April 2026 WASDE - 670 - 14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) TOTAL RICE Area Planted Area Harvested 2023/24 2.90 2.85 Filler Yield per Harvested Acre 7,641 Beginning Stocks 2/ Production Imports Supply, Total Domestic & Residual 3/ Exports, Total 4/ Rough Milled (rough equiv.) Use, Total Ending Stocks Avg. Milling Yield (%) 5/ Avg. Farm Price ($/cwt) 6/ 30.3 218.0 44.4 292.6 153.7 99.0 42.5 56.5 252.8 39.8 70.00 17.30 2024/25 Est. 2025/26 Proj. 2025/26 Proj. Mar Apr Million Acres 2.92 2.81 2.87 2.74 Pounds 7,753 7,544 Million Hundredweight 39.8 53.9 222.6 206.7 49.3 45.7 311.7 306.3 167.3 171.0 90.5 85.0 28.9 21.0 61.7 64.0 257.8 256.0 53.9 50.3 70.00 70.00 15.10 12.10 2.81 2.74 7,544 53.9 206.7 45.7 306.3 169.0 82.0 19.0 63.0 251.0 55.3 70.00 12.10 Total 2023/24 2024/25 E st. 2025/26 Proj. 2025/26 Proj. March April 2.05 7,523 21.2 37.2 153.8 212.2 117.8 75.1 192.9 19.3 15.90 2.26 7,626 19.3 42.7 172.0 234.0 135.8 60.8 196.6 37.3 14.00 2.08 7,359 37.3 39.0 153.3 229.6 139.0 54.0 193.0 36.6 10.50 2.08 7,359 37.3 39.0 153.3 229.6 137.0 51.0 188.0 41.6 10.40 LONG-GRAIN RICE Harvested Acres (mil.) Yield (pounds/acre) Beginning Stocks Imports Production Supply, Total 7/ Domestic & Residual 3/ Exports 8/ Use, Total Ending Stocks Avg. Farm Price ($/cwt) 6/ Filler Filler Filler Filler Filler 2023/24 2024/25 E st. 2025/26 Proj. 2025/26 Proj. March April 0.81 7,938 6.8 7.2 64.1 78.8 35.9 23.9 59.9 18.9 21.60 22.30 17.20 0.62 8,219 18.9 6.6 50.6 74.9 31.5 29.7 61.2 13.7 18.50 18.70 15.00 0.66 8,130 13.7 6.7 53.4 73.9 32.0 31.0 63.0 10.9 18.10 20.00 14.20 0.66 8,130 13.7 6.7 53.4 73.9 32.0 31.0 63.0 10.9 18.30 20.00 14.70 Filler Filler Filler Filler MEDIUM & SHORT-GRAIN RICE Harvested Acres (mil.) Yield (pounds/acre) Beginning Stocks Imports Production Supply, Total 7/ Domestic & Residual 3/ Exports 8/ Use, Total Ending Stocks Avg. Farm Price ($/cwt) 1/ 6/ 9/ California 10/ Other States 1/ Filler Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of ending stocks by type (in mil. cwt): 2021/22-2.0; 22/23- 2.3; 23/24-1.6 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. 9/ The California medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. 10/ Marketing year beginning October 1. April 2026 WASDE - 670 - 15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ 2025/26 Proj. 2025/26 Proj. Mar Apr Filler Filler 83.6 82.3 Million Acres 87.3 86.2 81.2 80.4 81.2 80.4 Yield per Harvested Acre 50.6 Bushels 50.7 53.0 53.0 Beginning Stocks Production Imports Supply, Total Crushings Exports Seed Residual Use, Total Ending Stocks Avg. Farm Price ($/bu) 2/ 264 4,162 21 4,447 2,285 1,700 75 44 4,105 342 12.40 342 4,374 29 4,746 2,445 1,882 70 23 4,421 325 10.00 325 4,262 25 4,612 2,575 1,575 73 39 4,262 350 10.20 325 4,262 25 4,612 2,610 1,540 73 39 4,262 350 10.30 2023/24 2024/25 E st. 2025/26 Proj. 2025/26 Proj. March April Filler Filler Filler Filler Million Pounds 1,551 1,747 29,218 29,920 362 365 31,131 32,032 26,891 29,050 11,758 14,000 15,133 15,050 2,492 1,200 29,384 30,250 1,747 1,782 47.59 55.00 1,747 30,330 315 32,392 29,350 14,000 15,350 1,200 30,550 1,842 59.00 SOYBEANS Filler Area Planted Area Harvested 2023/24 2024/25 Est. Filler Filler Filler Million Bushels Total SOYBEAN OIL Filler Beginning Stocks Production 4/ Imports Supply, Total Domestic Disappearance Biofuel 3/ Food, Feed & other Industrial Exports Use, Total Ending stocks Avg. Price (c/lb) 2/ 1,607 27,093 621 29,321 27,153 12,995 14,158 617 27,770 1,551 47.28 Total 2023/24 2024/25 E st. 1 2 2025/26 Proj. 2025/26 Proj. March April 3 4 398 61,077 800 62,275 42,425 19,400 61,825 450 300.00 398 61,877 800 63,075 43,225 19,400 62,625 450 310.00 SOYBEAN MEAL Filler Beginning Stocks Production 4/ Imports Supply, Total Domestic Disappearance Exports Use, Total Ending Stocks Avg. Price ($/s.t.) 2/ 371 54,106 687 55,164 38,657 16,054 54,711 453 384.11 Thousand Short Tons 453 58,443 807 59,704 41,041 18,265 59,305 398 299.77 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/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,464 million bushels for 2024/25 and 2,610 million bushels for 2025/26. April 2026 WASDE - 670 - 16 U.S. Sugar Supply and Use 1/ 2023/24 2024/25 Est. Filler Filler Filler 2025/26 Proj. 2025/26 Proj. Mar Apr Filler Filler 2,490 9,280 5,093 4,187 1,956 2,232 0 2,427 1,316 250 861 220 642 14,197 2,490 9,268 5,060 4,207 1,976 2,232 0 2,512 1,316 300 896 220 676 14,269 50 12,270 12,165 105 0 12,320 1,878 15.2 25 12,364 12,259 105 0 12,389 1,880 15.2 Beginning Stocks Production 2/ Beet Sugar Cane Sugar Florida Louisiana Texas Imports TRQ 3/ Other Program 4/ Non-program Mexico High-tier tariff/other Total Supply 1,843 9,313 5,172 4,141 2,079 2,022 40 3,840 1,788 300 1,752 521 1,231 14,995 1,000 Short Tons,Raw Value 2,220 9,397 5,370 4,027 1,932 2,095 0 3,393 1,534 373 1,485 504 980 15,009 Exports Deliveries Food Other 5/ Miscellaneous Total Use Ending Stocks Stocks to Use Ratio 249 12,443 12,336 106 83 12,775 2,220 17.4 111 12,450 12,340 111 -41 12,520 2,490 19.9 Total 1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data" (SMD). 2/ Production projections for 2024/25 and 2025/26 are based on Crop Production and/or processor projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2024/25, WTO raw sugar TRQ shortfall (229) and for 2025/26 (144). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Transfers accompanying deliveries for sugar-containing products to be exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner license transfers for SCP and POLY inclusive of WASDEreported deliveries: 2023/24 -- 277; estimated 2024/25 -- 341; projected 2025/26 -- 273. Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/ Beginning Stocks Production Sugar Imports Domestic 2/ Exports Ending Stocks 1,000 Metric Tons, Actual Weight 2024/25 Est. 2024/25 Est. Mar Apr 1,418 1,418 4,771 4,771 167 167 4,210 4,210 1,023 1,023 1,123 1,123 2025/26 Proj. 2025/26 Proj. Mar Apr 1,123 1,123 5,024 5,125 52 52 4,297 4,297 834 935 1,068 1,068 1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2023/24 = 1,599; Estimated 2024/25 = 1,640; Estimated Oct.2024-Feb.2025 =640; Projected 2025/26 = 1,640; Estimated Oct.2025-Feb.2026= 615. Footnote source for estimate: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: estimated 2024/25 (323 est = 310 dom.+13 import). Projected 2025/26 ( 296 proj = 283 dom.+13 import). Statistical Adjustments: 2024/25 (-14); 2025/26 (0). April 2026 WASDE - 670 - 17 U.S. Cotton Supply and Use 1/ Filler Area Planted Harvested 2023/24 2024/25 Est. Filler Filler 10.23 6.44 2025/26 Proj. 2025/26 Proj. Mar Apr Filler Filler 9.28 7.80 9.28 7.80 856 856 4.00 13.92 0.01 17.92 1.60 12.00 13.60 -0.08 4.40 60.0 4.00 13.92 0.01 17.92 1.60 12.00 13.60 -0.08 4.40 61.0 Million Acres 11.18 7.81 Filler Yield per Harvested Acre 899 Pounds 886 Million 480 Pound Bales Beginning Stocks Production Imports Supply, Total Domestic Use Exports, Total Use, Total Unaccounted 2/ Ending Stocks Avg. Farm Price 3/ 4.65 12.07 0.00 16.72 1.85 11.75 13.60 -0.03 3.15 76.1 3.15 14.41 0.00 17.57 1.70 11.90 13.60 -0.03 4.00 63.2 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. April 2026 WASDE - 670 - 18 World Wheat Supply and Use 1/ (Million Metric Tons) 2023/24 Beginning Stocks 274.69 135.87 15.50 259.19 47.63 3.97 4.37 5.71 16.27 14.39 2.93 178.80 0.83 1.80 138.82 1.14 12.07 0.37 11.74 3.17 Production 791.53 654.94 49.10 742.44 325.10 15.85 25.96 33.41 135.38 91.50 23.00 208.72 1.10 8.10 136.59 1.15 16.37 0.12 20.77 0.00 Imports 223.23 209.61 3.75 219.48 13.79 0.00 0.22 0.56 12.65 0.30 0.06 139.44 6.65 6.61 13.63 5.35 31.58 5.11 20.34 30.56 9.50 110.55 4.21 12.11 2.31 13.98 Beginning 2024/25 Est. Stocks Production World 3/ 269.65 799.33 World Less China 135.12 659.23 United States 18.95 53.85 Total Foreign 250.69 745.48 Major Exporters 4/ 41.23 314.61 Argentina 4.54 18.51 Australia 2.41 34.11 Canada 5.29 35.94 European Union 5/ 15.79 121.06 Russia 11.69 81.60 Ukraine 1.51 23.40 Major Importers 6/ 177.58 211.37 Bangladesh 1.28 1.10 Brazil 1.69 7.89 China 134.52 140.10 Japan 1.09 1.07 N. Africa 7/ 11.54 15.84 Nigeria 0.45 0.13 Sel. Mideast 8/ 12.47 23.56 Southeast Asia 9/ 4.56 0.00 Selected Other India 7.50 113.29 Kazakhstan 3.45 18.58 United Kingdom 3.26 11.15 0.13 2.50 3.14 World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Australia Canada European Union 5/ Russia Ukraine Major Importers 6/ Bangladesh Brazil China Japan N. Africa 7/ Nigeria Sel. Mideast 8/ Southeast Asia 9/ Selected Other India Kazakhstan United Kingdom Imports 201.05 196.88 4.05 196.99 11.86 0.01 0.22 0.61 10.64 0.30 0.07 120.99 5.80 7.20 4.17 5.57 31.68 6.23 17.65 29.17 0.16 0.50 3.81 Domestic Feed 159.14 122.14 2.33 156.81 72.96 0.25 4.80 3.81 46.50 16.00 1.60 56.54 0.20 0.60 37.00 0.73 1.63 0.00 3.23 9.85 Domestic Total 2/ 796.58 643.08 30.18 766.40 179.69 7.05 8.30 8.94 110.50 39.00 5.90 329.63 7.30 12.00 153.50 6.23 46.48 4.80 39.72 27.86 6.75 112.34 2.50 7.55 7.40 15.59 Domestic Domestic Feed Total 2/ 156.34 809.88 123.34 659.88 3.07 31.12 153.26 778.76 73.96 181.37 0.25 7.15 5.60 9.10 3.01 8.32 44.50 108.50 17.00 40.00 3.60 8.30 51.55 328.17 0.20 7.40 0.70 12.20 33.00 150.00 0.73 6.28 1.35 46.15 0.00 6.10 2.99 40.23 9.60 28.43 6.00 3.20 6.83 108.96 8.30 15.03 Exports 222.23 221.22 19.21 203.02 165.59 8.23 19.84 25.44 38.00 55.50 18.58 19.75 0.00 2.81 1.01 0.31 2.00 0.35 0.65 1.32 0.34 7.83 0.57 Ending Stocks 269.65 135.12 18.95 250.69 41.23 4.54 2.41 5.29 15.79 11.69 1.51 177.58 1.28 1.69 134.52 1.09 11.54 0.45 12.47 4.56 Exports 210.46 209.44 22.48 187.98 152.97 13.31 23.65 29.34 27.92 43.00 15.75 16.27 0.00 1.89 1.02 0.34 2.51 0.38 0.68 1.45 7.50 3.45 3.26 Ending Stocks 259.09 131.32 23.26 235.83 33.36 2.60 3.99 4.18 11.08 10.59 0.93 165.48 0.78 2.69 127.78 1.12 10.39 0.32 12.76 3.86 0.19 10.19 0.50 11.80 4.03 2.69 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, European Union, Russia, and Ukraine. 5/ Trade excludes intra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) Beginning Stocks Production 2025/26 Proj. World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Australia Canada European Union 5/ Russia Ukraine Major Importers 6/ Bangladesh Brazil China Japan N. Africa 7/ Nigeria Sel. Mideast 8/ Southeast Asia 9/ Selected Other India Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 259.63 259.09 131.86 131.32 23.26 23.26 236.37 235.83 33.96 33.36 2.60 2.60 3.99 3.99 4.18 4.18 11.67 11.08 10.59 10.59 0.93 0.93 165.34 165.48 0.78 0.78 2.69 2.69 127.78 127.78 1.13 1.12 10.39 10.39 0.31 0.32 12.66 12.76 3.81 3.86 842.12 844.15 702.05 704.08 54.01 54.01 788.11 790.14 361.26 363.28 27.80 27.92 36.00 36.00 39.96 39.96 144.00 145.11 89.50 90.30 24.00 24.00 206.30 206.18 1.00 1.00 8.00 7.87 140.07 140.07 0.99 1.06 17.45 17.42 0.13 0.13 19.38 19.35 0.00 0.00 Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks 218.02 217.62 212.02 211.62 3.27 3.40 214.76 214.22 7.24 7.24 0.01 0.01 0.23 0.23 0.60 0.60 6.00 6.00 0.30 0.30 0.10 0.10 139.60 139.58 7.40 7.60 7.10 6.80 6.00 6.00 5.65 5.75 33.70 33.40 6.40 6.20 21.15 21.13 33.40 34.10 165.46 165.15 134.46 134.15 2.72 2.72 162.74 162.43 83.50 83.60 0.50 0.50 5.50 5.50 4.50 4.50 51.00 51.00 18.50 18.50 3.50 3.60 50.62 50.82 0.30 0.30 0.75 0.75 31.00 31.00 0.73 0.78 1.45 1.35 0.00 0.00 2.79 2.84 10.75 11.15 824.80 820.12 676.80 672.12 30.71 30.66 794.09 789.46 192.15 192.35 7.60 7.60 9.10 9.10 9.85 9.85 115.50 115.50 41.70 41.70 8.40 8.60 331.32 331.29 8.20 8.10 12.35 12.35 148.00 148.00 6.28 6.38 47.55 47.30 6.10 6.00 40.59 40.61 30.80 31.30 222.16 221.88 221.16 220.88 24.49 24.49 197.66 197.39 163.00 162.50 19.50 19.50 27.00 26.50 29.00 29.00 30.50 30.50 43.50 44.50 13.50 12.50 15.76 15.60 0.00 0.00 2.30 2.10 1.00 1.00 0.34 0.34 2.12 2.12 0.40 0.40 0.96 0.95 1.44 1.45 276.96 283.12 152.11 158.28 25.34 25.52 251.62 257.60 47.30 49.03 3.31 3.43 4.12 4.62 5.89 5.89 15.67 16.18 15.19 14.99 3.13 3.93 164.17 164.36 0.98 1.28 3.14 2.91 124.85 124.85 1.15 1.22 11.87 11.79 0.34 0.25 11.64 11.68 4.97 5.21 Mar 11.80 117.95 0.20 6.50 112.51 0.25 17.19 Apr 11.80 117.95 0.20 6.00 107.70 0.25 22.00 Kazakhstan Mar 4.03 19.33 0.70 3.50 8.65 10.50 4.90 Apr 4.03 19.33 0.70 3.50 8.65 11.00 4.40 United Kingdom Mar 2.69 11.96 3.50 7.10 15.30 0.60 2.24 Apr 2.69 11.96 3.50 7.10 15.30 0.60 2.24 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, European Union, Russia, and Ukraine. 5/ Trade excludes intra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya, Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) 2023/24 World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Australia Brazil Canada Russia Ukraine Major Importers 5/ European Union 6/ Japan Mexico N. Afr & Mideast 7/ Saudi Arabia Southeast Asia 8/ South Korea Selected Other China 2024/25 Est. World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Australia Brazil Canada Russia Ukraine Major Importers 5/ European Union 6/ Japan Mexico N. Afr & Mideast 7/ Saudi Arabia Southeast Asia 8/ South Korea Selected Other China Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks 337.44 130.69 37.14 300.31 30.63 3.13 3.97 10.61 3.95 2.32 3.95 37.36 16.53 1.45 5.61 7.02 1.40 2.89 1.91 1,507.22 1,209.84 402.88 1,104.34 322.81 59.98 14.48 124.81 27.52 42.54 39.53 231.42 137.04 0.25 28.93 34.01 0.27 30.67 0.16 242.67 194.64 2.64 240.02 6.87 0.01 0.00 2.64 2.95 0.10 0.01 144.62 22.07 16.67 24.95 37.77 7.00 19.82 11.67 924.62 678.82 151.70 772.93 137.86 12.88 5.09 67.85 16.19 20.94 7.77 272.34 110.01 13.23 30.50 59.62 6.92 38.24 9.30 1,497.93 1,159.23 331.42 1,166.51 195.57 18.94 6.97 90.63 24.35 29.99 10.20 360.30 148.91 16.92 53.17 68.01 7.25 49.59 11.68 236.25 236.25 63.37 172.88 142.33 40.58 9.66 38.36 6.16 13.27 32.02 14.66 11.52 0.00 0.02 2.52 0.00 0.60 0.00 346.73 133.27 47.87 298.86 22.41 3.61 1.83 9.07 3.91 1.71 1.27 38.43 15.22 1.45 6.29 8.28 1.41 3.19 2.06 206.75 297.38 48.03 245.80 338.70 0.01 213.46 Beginning Stocks Productio n Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks 346.73 133.27 47.87 298.86 22.41 3.61 1.83 9.07 3.91 1.71 1.27 38.43 15.22 1.45 6.29 8.28 1.41 3.19 2.06 1,511.96 1,208.49 391.51 1,120.45 333.34 58.46 17.70 143.59 27.52 34.78 33.47 228.41 137.22 0.20 28.27 30.98 0.27 31.19 0.16 226.00 207.76 2.19 223.81 5.09 0.01 0.00 2.83 1.87 0.10 0.02 154.92 20.17 16.72 27.06 45.27 8.44 21.27 11.56 944.23 694.48 144.14 800.09 142.11 14.67 4.88 72.00 14.85 20.43 8.23 286.38 110.28 13.16 32.55 67.38 8.37 40.87 9.40 1,533.97 1,191.90 323.90 1,210.07 205.45 20.88 6.75 100.93 22.92 28.40 10.96 374.90 149.19 16.85 55.48 76.09 8.71 52.22 11.74 227.40 227.39 75.31 152.09 125.37 33.79 11.38 42.21 6.90 6.77 22.35 11.29 9.16 0.00 0.03 1.56 0.00 0.55 0.00 324.72 131.64 42.37 282.36 30.02 7.41 1.40 12.35 3.48 1.41 1.45 35.57 14.26 1.52 6.12 6.88 1.41 2.88 2.05 213.46 303.47 18.24 249.75 342.08 0.01 193.09 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, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) 2025/26 Proj. World 3/ Mar Apr World Less China Mar Apr United States Mar Apr Total Foreign Mar Apr Major Exporters 4/ Mar Apr Argentina Mar Apr Australia Mar Apr Brazil Mar Apr Canada Mar Apr Russia Mar Apr Ukraine Mar Apr Major Importers 5/ Mar Apr European Union 6/ Mar Apr Japan Mar Apr Mexico Mar Apr N. Afr & Mideast 7/ Mar Apr Saudi Arabia Mar Apr Southeast Asia 8/ Mar Apr South Korea Mar Apr Selected Other China Mar Apr Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks 324.52 324.72 131.44 131.64 42.37 42.37 282.16 282.36 29.72 30.02 7.47 7.41 1.39 1.40 12.19 12.35 3.48 3.48 1.41 1.41 1.40 1.45 35.73 35.57 14.50 14.26 1.53 1.52 6.12 6.12 6.81 6.88 1.41 1.41 2.88 2.88 2.05 2.05 1,593.13 1,598.26 1,282.94 1,288.07 447.83 447.83 1,145.30 1,150.43 343.90 344.93 61.32 61.26 20.95 20.95 139.10 139.10 29.41 29.41 39.05 39.35 37.02 37.02 234.18 236.04 141.31 143.48 0.25 0.25 30.89 30.39 30.12 30.23 0.27 0.27 31.08 31.16 0.16 0.16 237.29 237.44 209.94 210.24 2.25 2.25 235.04 235.18 5.02 5.02 0.01 0.01 0.00 0.00 2.65 2.75 2.12 2.02 0.10 0.10 0.01 0.02 157.99 157.88 20.77 20.77 16.91 16.86 27.55 27.50 44.77 45.04 8.87 8.87 22.88 22.60 11.61 11.61 980.03 981.94 722.85 724.91 161.64 161.75 818.39 820.19 145.33 145.63 14.34 14.34 5.74 5.74 72.13 72.13 15.93 15.83 22.43 22.43 7.52 7.72 291.60 291.58 112.65 113.43 13.45 13.40 34.55 34.05 65.53 65.62 8.83 8.83 42.68 42.35 9.39 9.39 1,593.88 1,596.80 1,244.38 1,247.45 345.74 345.85 1,248.15 1,250.96 212.96 213.31 20.63 20.63 7.61 7.61 104.26 104.26 24.36 24.21 31.00 31.00 10.17 10.38 379.97 380.60 151.59 152.72 17.16 17.11 57.83 57.33 74.13 74.41 9.17 9.17 53.53 53.30 11.78 11.78 253.07 253.82 253.05 253.79 89.78 89.78 163.29 164.04 138.26 138.96 42.40 42.30 12.38 12.68 43.09 43.09 6.34 6.44 7.33 7.63 24.51 24.30 11.20 11.40 9.79 9.89 0.00 0.00 0.03 0.03 0.82 0.92 0.00 0.00 0.57 0.57 0.00 0.00 323.77 326.18 142.67 145.08 56.93 56.82 266.84 269.36 27.41 27.70 5.77 5.74 2.35 2.06 6.60 6.86 4.30 4.25 2.23 2.23 3.75 3.81 36.73 37.49 15.20 15.90 1.53 1.51 6.70 6.65 6.75 6.82 1.39 1.39 2.75 2.78 2.04 2.04 193.09 193.09 310.19 310.19 27.35 27.20 257.18 257.03 349.50 349.35 0.03 0.03 181.10 181.10 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, Brazil, Canada, Russia, South Africa, and Ukraine. 5/ European Union, Japan, Mexico, selected North Africa and Middle East, Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 22 World Corn Supply and Use 1/ (Million Metric Tons) 2023/24 World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Brazil Russia South Africa Ukraine Major Importers 5/ Egypt European Union 6/ Japan Mexico Southeast Asia 7/ South Korea Selected Other Canada China 2024/25 Est. World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Brazil Russia South Africa Ukraine Major Importers 5/ Egypt European Union 6/ Japan Mexico Southeast Asia 7/ South Korea Selected Other Canada China Beginning Stocks Production Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks 305.36 99.34 34.55 270.81 18.51 2.32 9.88 0.91 2.41 3.00 21.04 1.51 8.02 1.30 4.88 2.88 1.90 1,231.13 942.29 389.67 841.46 233.13 51.60 119.00 16.60 13.43 32.50 123.52 7.20 61.95 0.01 23.55 30.62 0.09 197.60 174.27 0.72 196.88 2.72 0.01 1.72 0.05 0.94 0.01 102.77 8.02 19.81 15.29 24.22 19.29 11.55 769.93 544.93 148.11 621.81 94.24 11.00 62.50 9.10 7.04 4.60 160.25 12.80 58.10 12.00 25.70 37.90 9.25 1,221.24 914.24 322.87 898.37 128.72 15.20 84.00 10.20 13.84 5.48 220.90 15.30 78.10 15.30 47.00 49.00 11.50 192.65 192.65 57.28 135.38 112.88 36.26 38.26 6.60 2.27 29.49 5.01 0.00 4.39 0.00 0.02 0.60 0.00 315.25 104.06 44.79 270.46 12.76 2.48 8.33 0.76 0.65 0.54 21.41 1.43 7.29 1.30 5.63 3.19 2.04 1.63 206.02 15.42 288.84 2.81 23.33 9.70 225.00 15.72 307.00 2.15 0.00 2.00 211.19 Beginning Stocks Productio n Domestic Feed Imports Domestic /Total 2 Ending Stocks Exports 315.25 104.06 44.79 270.46 12.76 2.48 8.33 0.76 0.65 0.54 21.41 1.43 7.29 1.30 5.63 3.19 2.04 1,231.38 936.46 378.27 853.11 244.07 50.00 136.00 14.00 17.27 26.80 121.06 7.00 59.59 0.02 23.10 31.14 0.09 186.20 184.38 0.55 185.65 1.94 0.01 1.76 0.05 0.11 0.02 107.30 10.56 18.76 15.46 25.93 20.80 11.44 785.29 551.29 138.55 646.74 99.40 12.30 65.00 9.80 7.00 5.30 164.90 14.70 56.30 12.10 27.50 40.60 9.35 1,250.35 934.35 311.60 938.74 140.50 16.70 92.50 10.90 14.00 6.40 226.31 17.30 76.70 15.40 49.10 51.71 11.55 187.15 187.14 72.60 114.54 96.11 29.07 42.08 3.00 1.95 20.02 3.33 0.00 2.76 0.00 0.03 0.55 0.00 296.28 104.35 39.40 256.88 22.16 6.72 11.52 0.91 2.09 0.94 20.13 1.69 6.18 1.37 5.53 2.88 2.03 2.00 211.19 15.35 294.92 1.69 1.82 8.58 234.00 14.44 316.00 3.00 0.00 1.58 191.93 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, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) Beginning Stocks Production 2025/26 Proj. World 3/ World Less China United States Total Foreign Major Exporters 4/ Argentina Brazil Russia South Africa Ukraine Major Importers 5/ Egypt European Union 6/ Japan Mexico Southeast Asia 7/ South Korea Selected Other Canada China Imports Domestic Feed Domestic Total 2/ Exports Ending Stocks Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 295.82 296.28 103.89 104.35 39.40 39.40 256.42 256.88 21.82 22.16 6.78 6.72 11.36 11.52 0.91 0.91 1.94 2.09 0.84 0.94 20.15 20.13 1.69 1.69 6.21 6.18 1.37 1.37 5.53 5.53 2.88 2.88 2.03 2.03 1,297.44 1,301.07 996.20 999.83 432.34 432.34 865.09 868.73 245.70 246.80 52.00 52.00 132.00 132.00 14.50 14.80 16.50 17.30 30.70 30.70 120.59 120.52 6.70 6.70 56.95 56.80 0.02 0.02 25.70 25.70 31.03 31.11 0.09 0.09 192.72 193.10 184.72 185.10 0.64 0.64 192.08 192.46 1.67 1.77 0.01 0.01 1.60 1.70 0.05 0.05 0.00 0.00 0.01 0.01 110.05 109.85 10.50 10.50 19.50 19.50 15.50 15.50 26.30 26.30 22.20 22.00 11.50 11.50 814.50 815.75 575.50 576.75 157.49 157.49 657.01 658.26 100.60 100.90 12.30 12.30 65.50 65.50 10.30 10.30 7.10 7.30 5.40 5.50 167.15 166.50 14.50 14.50 54.90 54.50 12.20 12.20 29.50 29.50 42.20 41.95 9.35 9.35 1,300.51 1,302.55 979.51 981.55 334.53 334.53 965.97 968.01 144.90 145.30 16.70 16.70 96.00 96.00 11.40 11.40 14.20 14.50 6.60 6.70 228.10 227.75 17.10 17.10 75.00 74.80 15.50 15.50 51.40 51.40 52.80 52.65 11.60 11.60 206.85 207.29 206.83 207.27 83.82 83.82 123.02 123.46 107.20 107.80 37.00 37.00 43.00 43.00 3.00 3.30 2.20 2.50 22.00 22.00 2.40 2.40 0.00 0.00 1.80 1.80 0.00 0.00 0.03 0.03 0.57 0.57 0.00 0.00 292.75 294.81 112.60 114.66 54.02 54.02 238.72 240.78 17.09 17.63 5.09 5.02 5.96 6.22 1.06 1.06 2.04 2.39 2.95 2.95 20.29 20.36 1.79 1.79 5.86 5.88 1.39 1.39 6.10 6.10 2.74 2.77 2.02 2.02 Mar Apr Mar Apr 1.58 1.58 191.93 191.93 14.87 14.87 301.24 301.24 2.00 1.90 8.00 8.00 8.70 8.60 239.00 239.00 14.60 14.50 321.00 321.00 2.20 2.20 0.02 0.02 1.65 1.65 180.15 180.15 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, Russia, South Africa and Ukraine. 5/ Egypt, European Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. April 2026 WASDE - 670 - 24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) 2023/24 World 3/ World Less China United States Total Foreign Major Exporters 4/ Burma India Pakistan Thailand Vietnam Major Importers 5/ China European Union 6/ Indonesia Nigeria Philippines Sel. Mideast 7/ Selected Other Brazil C. Amer & Carib 8/ Egypt Japan Mexico South Korea 2024/25 Est. World 3/ World Less China United States Total Foreign Major Exporters 4/ Burma India Pakistan Thailand Vietnam Major Importers 5/ China European Union 6/ Indonesia Nigeria Philippines Sel. Mideast 7/ Selected Other Brazil C. Amer & Carib 8/ Egypt Japan Mexico South Korea Beginning Stocks 181.06 74.46 0.96 180.10 46.57 1.55 35.00 2.04 4.35 3.62 121.40 106.60 0.83 4.70 1.92 3.38 1.27 Production Imports Exports 53.82 52.29 1.41 52.41 3.77 0.01 0.00 0.02 0.05 3.70 21.06 1.53 2.11 4.65 1.89 4.50 4.90 Total /2 Domestic 524.65 376.54 4.88 519.77 165.10 9.90 116.40 4.00 12.30 22.50 259.54 148.12 3.25 36.20 8.00 16.80 6.78 56.75 55.12 3.15 53.61 42.62 2.75 14.42 6.53 9.89 9.04 2.01 1.63 0.36 0.00 0.00 0.00 0.00 Ending Stocks 180.34 77.34 1.27 179.08 49.81 1.22 42.00 1.40 2.21 2.99 118.18 103.00 0.70 6.17 1.41 3.40 1.41 523.93 379.31 6.92 517.01 207.19 12.30 137.83 9.87 20.00 27.20 237.27 144.62 1.37 33.02 5.61 12.33 2.02 0.62 0.60 0.60 1.81 0.12 1.43 7.20 1.28 3.78 7.30 0.15 3.70 0.96 1.87 0.18 0.72 0.85 0.40 7.10 3.15 4.05 8.15 0.99 4.19 0.97 0.06 0.06 0.09 0.02 0.13 0.71 0.54 0.46 1.60 0.12 1.21 Beginning Stocks Productio n Imports Total /2 Domestic Exports Ending Stocks 180.34 77.34 1.27 179.08 49.81 1.22 42.00 1.40 2.21 2.99 118.18 103.00 0.70 6.17 1.41 3.40 1.41 541.57 396.30 7.05 534.52 219.21 11.90 150.00 9.72 20.84 26.75 239.53 145.28 1.60 34.10 5.77 12.37 2.28 58.03 55.70 1.57 56.47 3.60 0.01 0.00 0.02 0.05 3.53 23.22 2.34 2.53 0.81 3.30 5.42 5.57 530.39 385.44 5.30 525.10 169.97 9.60 121.17 4.10 12.50 22.60 257.81 144.96 3.50 35.50 8.30 17.40 7.05 61.49 60.33 2.87 58.61 46.45 2.57 22.83 5.13 7.86 8.06 1.51 1.15 0.34 0.00 0.00 0.00 0.00 191.52 87.02 1.71 189.81 56.20 0.95 48.00 1.91 2.75 2.60 121.61 104.50 0.99 5.58 2.18 3.79 2.21 0.71 0.54 0.46 1.60 0.12 1.21 8.68 1.43 3.90 7.29 0.16 3.59 0.93 1.88 0.16 0.84 0.89 0.33 7.35 3.17 4.05 8.05 1.00 4.18 1.30 0.09 0.15 0.05 0.03 0.19 1.66 0.59 0.31 1.63 0.15 0.75 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/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2026 WASDE - 670 - 25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) Beginning Stocks Production Imports Total /2 Domestic Exports Ending Stocks Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 191.22 191.52 86.72 87.02 1.71 1.71 189.51 189.81 56.20 56.20 0.95 0.95 48.00 48.00 1.91 1.91 2.75 2.75 2.60 2.60 121.05 121.61 104.50 104.50 0.99 0.99 5.59 5.58 2.18 2.18 3.79 3.79 1.63 2.21 541.28 541.35 394.95 395.02 6.56 6.56 534.71 534.79 219.80 220.10 12.00 12.00 152.00 152.00 9.40 9.40 20.40 20.70 26.00 26.00 240.85 240.75 146.33 146.33 1.77 1.77 33.60 33.60 5.54 5.54 12.30 12.20 2.23 2.23 59.00 58.81 55.90 55.61 1.45 1.45 57.55 57.35 3.98 3.98 0.01 0.01 0.00 0.00 0.02 0.02 0.05 0.05 3.90 3.90 22.25 21.98 3.10 3.20 2.30 2.30 0.80 0.80 2.90 2.90 4.40 4.40 5.05 4.88 540.96 540.57 393.93 393.44 5.43 5.37 535.53 535.20 175.95 176.10 9.40 9.40 127.00 127.00 4.20 4.30 12.65 12.70 22.70 22.70 261.13 261.25 147.03 147.13 3.60 3.60 35.30 35.30 8.50 8.50 17.60 17.60 7.25 7.18 61.95 61.45 60.05 59.55 2.70 2.60 59.25 58.85 46.60 46.20 2.60 2.60 24.00 24.00 5.10 4.70 7.00 7.00 7.90 7.90 2.34 2.35 1.90 1.90 0.40 0.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 191.54 192.31 86.54 87.31 1.60 1.76 189.94 190.55 57.43 57.98 0.95 0.95 49.00 49.00 2.03 2.33 3.55 3.80 1.90 1.90 120.68 120.74 105.00 105.00 1.06 1.06 4.69 4.68 2.12 2.12 2.89 2.79 1.66 2.13 Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 1.66 1.66 0.59 0.59 0.31 0.31 1.55 1.63 0.15 0.15 0.75 0.75 7.60 7.60 1.42 1.42 4.20 4.20 7.54 7.48 0.19 0.19 3.54 3.54 0.85 0.90 2.04 1.96 0.18 0.18 0.80 0.80 0.85 0.80 0.41 0.41 7.35 7.35 3.33 3.26 4.15 4.15 8.13 7.95 1.02 1.01 3.85 3.85 1.35 1.35 0.08 0.08 0.15 0.15 0.09 0.07 0.01 0.01 0.18 0.18 1.41 1.46 0.63 0.63 0.39 0.39 1.67 1.90 0.16 0.12 0.67 0.67 2025/26 Proj. World 3/ World Less China United States Total Foreign Major Exporters 4/ Burma India Pakistan Thailand Vietnam Major Importers 5/ China European Union 6/ Indonesia Nigeria Philippines Sel. Mideast 7/ Selected Other Brazil C. Amer & Carib 8/ Egypt Japan Mexico South Korea 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/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. April 2026 WASDE - 670 - 26 World Cotton Supply and Use 1/ (Million 480-Pound Bales) 2023/24 World World Less China United States Total Foreign Major Exporters 4/ Central Asia 5/ Afr. Fr. Zone 6/ S. Hemis. 7/ Australia Brazil India Major Importers 8/ Mexico China European Union 9/ Turkey Pakistan Indonesia Thailand Bangladesh Vietnam 2024/25 Est. World World Less China United States Total Foreign Major Exporters 4/ Central Asia 5/ Afr. Fr. Zone 6/ S. Hemis. 7/ Australia Brazil India Major Importers 8/ Mexico China European Union 9/ Turkey Pakistan Indonesia Thailand Bangladesh Vietnam Beginning Stocks Production Imports Domestic Use Exports Loss /2 Ending Stocks 75.86 42.50 4.65 71.21 27.24 3.62 0.96 11.37 4.81 3.93 10.82 41.78 0.38 33.36 0.40 2.63 1.53 0.36 0.14 1.73 1.05 112.23 84.88 12.07 100.17 57.93 5.00 5.02 22.03 5.00 14.57 25.40 39.61 0.87 27.35 1.04 3.19 7.00 3/ 3/ 0.16 3/ 44.05 29.08 3/ 44.05 1.63 0.05 3/ 0.15 3/ 0.01 0.89 39.95 0.70 14.97 0.47 3.57 3.20 1.85 0.40 7.58 6.59 114.99 76.09 1.85 113.14 34.60 3.90 0.10 4.44 0.00 3.37 25.50 74.49 1.50 38.90 0.51 6.60 9.70 1.80 0.45 7.75 6.60 44.06 44.00 11.75 32.31 28.25 1.65 4.59 19.24 5.76 12.31 2.31 2.99 0.20 0.06 1.14 1.39 0.18 0.01 0.00 0.00 0.00 -0.21 -0.21 -0.03 -0.18 -0.18 0.00 0.00 -0.18 -0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73.30 36.59 3.15 70.15 24.12 3.13 1.29 10.04 4.22 2.83 9.30 43.86 0.24 36.71 0.27 1.40 1.85 0.40 0.09 1.71 1.03 Beginning Stocks Productio n Imports Domestic Use Exports Loss /2 Ending Stocks 73.30 36.59 3.15 70.15 24.12 3.13 1.29 10.04 4.22 2.83 9.30 43.86 0.24 36.71 0.27 1.40 1.85 0.40 0.09 1.71 1.03 119.34 87.34 14.41 104.93 58.82 5.09 4.44 24.70 5.60 17.00 24.00 43.35 1.00 32.00 1.24 3.95 5.00 3/ 3/ 0.15 3/ 43.04 37.85 3/ 43.03 4.29 0.10 3/ 0.15 3/ 3/ 3.04 35.92 0.60 5.19 0.41 4.46 6.10 1.98 0.51 8.05 7.98 119.44 80.44 1.70 117.74 35.20 3.94 0.10 4.49 0.00 3.39 25.50 78.00 1.35 39.00 0.46 7.10 10.80 1.95 0.50 8.20 8.00 42.40 42.34 11.90 30.50 26.52 1.47 4.27 19.13 5.21 13.02 1.33 3.01 0.18 0.06 1.26 1.43 0.05 0.02 0.00 0.00 0.00 -0.22 -0.22 -0.03 -0.19 -0.19 0.00 0.00 -0.19 -0.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74.07 39.23 4.00 70.07 25.69 2.91 1.37 11.45 4.80 3.42 9.52 42.11 0.31 34.84 0.20 1.28 2.10 0.41 0.11 1.71 1.02 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 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, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2026 WASDE - 670 - 27 World Cotton Supply and Use 1/ (Million 480-Pound Bales) Beginning Production Stocks 2025/26 Proj. World World Less China United States Mar Apr Mar Apr Mar Apr 73.76 74.07 38.92 39.23 4.00 4.00 Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 69.76 70.07 25.37 25.69 2.91 2.91 1.37 1.37 11.44 11.45 4.79 4.80 Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 3.42 3.42 9.22 9.52 42.11 42.11 0.31 0.31 34.84 34.84 0.20 0.20 1.28 1.28 2.10 2.10 0.41 0.41 0.11 0.11 1.71 1.71 1.02 1.02 filler Total Foreign Major Exporters 4/ Central Asia 5/ Afr. Fr. Zone 6/ S. Hemis. 7/ Australia filler Brazil India Major Importers 8/ Mexico China European Union 9/ Turkey Pakistan Indonesia Thailand Bangladesh Vietnam 120.99 121.87 85.49 86.07 13.92 13.92 filler 107.08 107.95 58.76 58.99 4.81 4.81 4.03 4.03 26.01 25.93 4.50 4.50 filler 19.50 19.50 23.50 23.80 45.42 46.08 0.57 0.57 35.50 35.80 1.20 1.20 3.00 3.05 5.00 5.30 3/ 3/ 3/ 3/ 0.15 0.15 3/ 3/ Imports Domestic Use Exports Loss /2 Ending Stocks 43.91 43.75 38.31 37.75 0.01 0.01 118.58 119.14 79.08 79.14 1.60 1.60 43.91 43.72 43.84 43.65 12.00 12.00 -0.22 -0.22 -0.22 -0.22 -0.08 -0.08 76.39 77.04 40.02 40.48 4.40 4.40 filler 43.90 43.74 5.45 5.65 0.20 0.20 3/ 3/ 0.15 0.15 3/ 3/ filler 0.01 0.01 4.00 4.20 35.62 35.32 0.65 0.65 5.60 6.00 0.45 0.45 4.50 4.50 5.50 5.20 1.90 1.90 0.48 0.48 7.90 7.70 8.00 7.80 filler 116.98 117.54 34.83 35.33 3.94 3.94 0.11 0.11 4.51 4.51 0.00 0.00 filler 3.40 3.40 25.00 25.50 77.60 77.70 1.20 1.20 39.50 40.00 0.48 0.48 6.80 6.80 10.60 10.60 1.90 1.90 0.48 0.48 8.00 7.80 8.00 7.80 filler 31.91 31.72 28.51 28.39 1.42 1.47 4.07 4.07 21.28 21.28 5.70 5.70 filler 14.50 14.50 1.40 1.20 2.29 2.25 0.10 0.10 0.08 0.08 1.14 1.10 0.90 0.90 0.05 0.05 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 filler -0.14 -0.14 -0.16 -0.16 0.00 0.00 0.00 0.00 -0.16 -0.16 -0.16 -0.16 filler 71.99 72.64 26.41 26.77 2.57 2.51 1.23 1.23 11.96 11.89 3.75 3.76 filler 0.00 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 filler 5.02 5.02 10.32 10.82 43.24 43.54 0.21 0.21 36.36 36.56 0.22 0.27 1.08 1.13 1.95 1.95 0.40 0.40 0.11 0.11 1.77 1.77 1.02 1.02 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 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, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. April 2026 WASDE - 670 - 28 World Soybean Supply and Use 1/ (Million Metric Tons) Beginning Production Stocks 2023/24 World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil Paraguay Major Importers 4/ China European Union Southeast Asia 5/ Mexico 101.82 69.48 7.19 94.63 54.28 17.00 36.82 0.37 35.02 32.34 1.26 0.68 0.56 2024/25 Est. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil Paraguay Major Importers 4/ China European Union Southeast Asia 5/ Mexico 396.40 375.56 113.27 283.13 217.00 48.21 154.50 11.00 24.57 20.84 2.81 0.47 0.20 Imports Domestic Crush Domestic Total Exports Ending Stocks 178.54 66.54 0.57 177.97 8.67 7.79 0.87 0.01 144.20 112.00 13.55 9.09 6.46 331.25 232.25 62.20 269.05 94.14 36.58 54.41 3.00 126.74 99.00 14.50 4.35 6.53 383.87 262.07 65.44 318.43 105.49 43.83 58.26 3.10 157.23 121.80 16.07 9.40 6.60 177.76 177.69 46.27 131.50 120.00 5.11 104.17 7.99 0.35 0.07 0.25 0.02 0.01 115.13 71.81 9.32 105.81 54.46 24.05 29.76 0.29 46.22 43.31 1.30 0.83 0.61 Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks 115.13 71.81 9.32 105.81 54.46 24.05 29.76 0.29 46.22 43.31 1.30 0.83 0.61 428.15 407.50 119.05 309.11 238.01 51.11 172.50 10.20 24.54 20.65 2.91 0.45 0.28 179.19 71.19 0.79 178.40 7.07 6.32 0.73 0.00 142.49 108.00 14.71 10.10 6.43 359.25 255.75 66.55 292.70 105.30 43.24 58.16 3.70 133.17 103.50 15.40 5.11 6.65 413.46 286.06 69.09 344.37 116.40 50.04 62.16 3.80 164.83 127.40 17.02 10.18 6.74 184.21 184.13 51.23 132.98 121.12 7.87 103.14 6.41 0.42 0.07 0.33 0.01 0.00 124.81 80.32 8.84 115.97 62.02 23.57 37.69 0.29 48.00 44.49 1.57 1.18 0.59 Beginning Stocks Productio n Imports Domestic Crush Domestic Total Exports Ending Stocks 123.84 124.81 79.35 80.32 8.84 8.84 115.00 115.97 61.14 62.02 23.57 23.57 36.81 37.69 0.29 0.29 48.06 48.00 44.49 44.49 1.60 1.57 1.18 1.18 0.59 0.59 427.18 427.41 406.28 406.51 115.99 115.99 311.19 311.42 242.60 242.60 48.00 48.00 180.00 180.00 11.50 12.00 24.63 24.71 20.90 20.90 2.79 2.85 0.42 0.42 0.28 0.31 185.61 185.63 73.61 73.63 0.68 0.68 184.93 184.95 8.03 8.23 7.50 7.30 0.50 0.90 0.02 0.02 146.74 146.74 112.00 112.00 14.00 14.00 10.94 10.94 6.70 6.70 367.96 369.35 259.96 261.35 70.08 71.03 297.88 298.32 105.77 106.27 41.00 41.00 61.00 61.50 3.60 3.60 137.95 138.00 108.00 108.00 15.00 15.00 5.80 5.80 6.80 6.85 424.16 425.88 291.26 292.98 73.13 74.07 351.03 351.80 117.35 117.85 47.90 47.90 65.40 65.90 3.73 3.73 170.90 171.00 132.90 132.90 16.52 16.57 11.24 11.24 6.89 6.95 187.17 187.17 187.07 187.07 42.86 41.91 144.30 145.26 132.85 133.90 8.25 8.25 114.00 115.00 7.70 8.20 0.43 0.43 0.10 0.10 0.30 0.30 0.02 0.02 0.01 0.01 125.31 124.79 80.92 80.40 9.52 9.52 115.79 115.27 61.58 61.11 22.92 22.72 37.91 37.69 0.38 0.38 48.11 48.02 44.39 44.39 1.57 1.55 1.27 1.28 0.68 0.64 2025/26 Proj. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil Paraguay Major Importers 4/ China European Union Southeast Asia 5/ Mexico Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 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/ Includes Uruguay 4/ Includes Japan 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2026 WASDE - 670 - 29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) 2023/24 World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil India Major Importers 4/ European Union Mexico Southeast Asia 5/ China 2024/25 Est. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil India Major Importers 4/ European Union Mexico Southeast Asia 5/ China Beginning Stocks Production Imports Domestic Total Exports Ending Stocks 14.19 13.25 0.34 13.85 6.31 2.30 3.82 0.20 1.68 0.51 0.15 0.98 0.94 260.04 181.63 49.08 210.96 79.43 28.54 41.86 9.04 21.78 11.46 5.16 3.39 78.41 69.61 69.57 0.62 68.98 0.05 0.00 0.02 0.03 38.42 16.56 1.94 18.10 0.03 255.07 177.92 35.07 220.00 30.58 3.50 20.00 7.08 58.68 27.04 7.08 21.04 77.15 74.14 72.71 14.56 59.58 49.58 24.89 22.72 1.97 0.87 0.65 0.00 0.22 1.43 14.62 13.83 0.41 14.21 5.64 2.44 2.97 0.22 2.32 0.84 0.16 1.21 0.79 Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks 14.62 13.83 0.41 14.21 5.64 2.44 2.97 0.22 2.32 0.84 0.16 1.21 0.79 282.05 200.08 53.02 229.03 86.91 33.72 44.38 8.80 23.31 12.17 5.26 3.99 81.97 77.72 77.67 0.73 76.98 0.29 0.28 0.01 0.01 44.01 20.61 2.35 19.44 0.05 272.89 192.04 37.23 235.66 31.03 3.53 20.50 7.00 65.10 31.24 7.45 22.91 80.85 83.07 82.05 16.57 66.50 54.95 29.78 23.39 1.78 1.05 0.65 0.00 0.40 1.02 18.44 17.49 0.36 18.08 6.86 3.14 3.47 0.25 3.48 1.72 0.31 1.33 0.94 Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks 18.59 18.44 17.64 17.49 0.36 0.36 18.22 18.08 6.95 6.86 3.14 3.14 3.55 3.47 0.25 0.25 3.51 3.48 1.76 1.72 0.31 0.31 1.33 1.33 0.94 0.94 289.07 290.14 203.54 204.61 55.41 56.13 233.66 234.01 86.49 86.88 31.98 31.98 47.09 47.48 7.42 7.42 23.51 23.55 11.85 11.85 5.37 5.41 4.52 4.52 85.54 85.54 80.40 80.46 80.30 80.36 0.73 0.73 79.68 79.73 0.43 0.33 0.17 0.17 0.01 0.01 0.25 0.15 44.05 44.05 19.45 19.45 2.55 2.55 20.35 20.35 0.10 0.10 284.74 285.65 200.59 201.50 38.49 39.21 246.25 246.44 31.78 31.88 3.60 3.60 21.30 21.50 6.88 6.78 66.72 66.77 30.94 30.94 7.90 7.94 24.42 24.42 84.15 84.15 83.99 84.06 82.79 82.86 17.60 17.60 66.39 66.46 55.35 55.35 29.00 29.00 25.50 25.50 0.85 0.85 0.88 0.88 0.60 0.60 0.00 0.00 0.28 0.28 1.20 1.20 19.33 19.32 18.10 18.09 0.41 0.41 18.92 18.91 6.74 6.85 2.69 2.69 3.86 3.96 0.20 0.20 3.46 3.42 1.52 1.48 0.33 0.33 1.50 1.50 1.23 1.23 2025/26 Proj. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil India Major Importers 4/ European Union Mexico Southeast Asia 5/ China Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 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/ Includes Japan. 5/ Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding. April 2026 WASDE - 670 - 30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) Beginning Stocks 5.90 4.89 0.73 5.17 2.00 0.72 0.59 0.60 1.93 1.01 0.60 0.30 2023/24 World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil European Union Major Importers 4/ China India North Africa 5/ 2024/25 Est. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil European Union Major Importers 4/ China India North Africa 5/ Production Imports 64.01 45.20 12.29 51.72 21.63 7.25 11.06 2.76 22.16 18.81 2.03 0.96 10.62 10.24 0.28 10.34 0.68 0.00 0.08 0.59 5.49 0.38 3.31 1.15 Domestic Total 62.98 44.08 12.32 50.67 14.68 1.77 10.20 2.63 27.08 18.90 5.18 2.00 Exports 11.81 11.70 0.28 11.53 8.04 5.53 1.35 0.66 0.26 0.10 0.02 0.14 Ending Stocks 5.74 4.54 0.70 5.04 1.59 0.67 0.18 0.66 2.23 1.20 0.75 0.27 Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks 5.74 4.54 0.70 5.04 1.59 0.67 0.18 0.66 2.23 1.20 0.75 0.27 70.09 49.99 13.25 56.84 24.10 8.63 11.84 2.93 23.63 20.10 1.98 1.21 14.18 13.88 0.16 14.01 0.95 0.11 0.09 0.76 8.00 0.30 5.47 1.29 68.35 47.85 12.20 56.15 15.47 1.98 10.41 3.01 30.61 20.50 6.65 2.27 15.21 14.89 1.13 14.08 9.92 7.10 1.49 0.71 0.51 0.32 0.03 0.17 6.45 5.67 0.79 5.66 1.25 0.32 0.21 0.63 2.73 0.78 1.53 0.33 Beginning Stocks Productio n Imports Domestic Total Exports Ending Stocks 6.41 6.45 5.63 5.67 0.79 0.79 5.62 5.66 1.24 1.25 0.32 0.32 0.19 0.21 0.63 0.63 2.71 2.73 0.78 0.78 1.53 1.53 0.34 0.33 71.40 71.71 50.43 50.74 13.57 13.76 57.83 57.95 24.15 24.25 8.18 8.18 12.44 12.54 2.85 2.85 24.32 24.33 20.97 20.97 1.67 1.67 1.29 1.28 12.78 12.77 12.48 12.47 0.17 0.14 12.62 12.63 0.80 0.82 0.05 0.07 0.10 0.10 0.65 0.65 6.62 6.62 0.30 0.30 4.25 4.25 1.37 1.37 70.49 70.77 49.99 50.27 13.18 13.31 57.32 57.46 15.72 15.82 1.98 1.98 10.95 11.05 2.71 2.71 30.64 30.66 20.50 20.50 6.57 6.57 2.50 2.44 13.90 13.90 13.40 13.40 0.54 0.54 13.35 13.36 9.10 9.10 6.15 6.15 1.50 1.50 0.85 0.85 0.70 0.70 0.50 0.50 0.02 0.02 0.18 0.18 6.20 6.26 5.15 5.21 0.81 0.84 5.40 5.42 1.37 1.41 0.42 0.44 0.28 0.30 0.58 0.57 2.31 2.33 1.05 1.05 0.86 0.86 0.33 0.36 2025/26 Proj. World 2/ World Less China United States Total Foreign Major Exporters 3/ Argentina Brazil European Union Major Importers 4/ China India North Africa 5/ Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr Mar Apr 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/ Includes Paraguay 4/ Includes Bangladesh 5/ Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding. April 2026 WASDE - 670 - 31 U.S. Quarterly Animal Product Production 1/ Year and Quarter Beef Pork Red Meat 2/ Broiler Turkey Total Red Meat Poultry 3/ & Poultry Egg Milk 2024 Annual 26,984 27,789 54,947 Million Pounds 46,995 5,121 52,679 107,626 Mil doz 9,076 Bil lbs 225.9 2025 I II III IV Annual Mar Est. Apr Est. 6,543 6,453 6,359 6,646 6,956 6,706 6,614 7,301 13,540 13,201 13,010 13,986 11,571 11,885 12,432 12,118 1,146 1,181 1,275 1,242 12,835 13,192 13,850 13,482 26,376 26,393 26,860 27,468 2,148 2,153 2,217 2,248 56.9 58.8 58.2 57.8 26,001 26,001 27,577 27,577 53,737 53,737 48,006 48,006 4,844 4,844 53,359 53,359 107,097 107,097 8,765 8,765 231.7 231.7 6,150 6,450 6,520 6,670 7,055 6,800 6,750 7,370 13,245 13,288 13,309 14,079 11,900 12,200 12,500 12,300 1,190 1,215 1,260 1,290 13,220 13,555 13,900 13,725 26,465 26,843 27,209 27,804 2,240 2,285 2,325 2,350 58.5 59.8 58.7 58.2 25,810 25,790 28,275 27,975 54,241 53,921 48,700 48,900 4,930 4,955 54,175 54,400 108,416 108,321 9,155 9,200 234.7 235.3 2026 I II* III* IV* Annual Mar Proj. Apr Proj. * 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. U.S. Quarterly Prices for Animal Products Steers 2/ Barrows and gilts 3/ Broilers 4/ Turkeys 5/ Eggs 6/ Milk 7/ Dol./cwt 187.12 Dol./cwt 63.41 Cents/lb. 129.4 Cents/lb. 93.7 Cents/doz. 303.1 Dol./cwt 22.55 2025 I II III IV Annual Mar Est. Apr Est. 205.02 225.22 239.62 227.62 63.59 69.69 77.05 64.87 130.8 135.9 121.9 110.5 94.8 119.3 156.8 172.2 675.3 344.4 283.0 192.0 23.23 21.20 20.70 19.57 224.37 224.37 68.80 68.80 124.8 124.8 135.8 135.8 373.7 373.7 21.17 21.17 2026 I II* III* IV* Annual Mar Proj. Apr Proj. 238.65 241.00 242.00 245.00 64.50 72.00 75.00 65.00 119.5 125.0 125.0 125.0 170.0 155.0 150.0 150.0 125.2 80.0 85.0 120.0 18.30 21.50 21.10 21.10 242.0 242.0 70.0 69.0 124.0 124.0 156.0 156.0 118.0 103.0 19.70 20.50 Year and Quarter 2024 Annual *Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Daily Direct, Producer Sold Net Price, Live equiv. 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. April 2026 WASDE - 670 - 32 U.S. Meats Supply and Use Beginning Production stocks 1/ Item Beef Pork Total Red Meat 5/ Broiler Turkey Total Poultry 6/ Red Meat & Poultry 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr 2024 2025 Est. Mar Apr 2026 Proj. Mar Apr Imports Total Supply Exports Ending Stocks Total Per Capita Use 2/ 3/ Million Pounds /4 32,324 3,007 32,140 2,577 32,140 2,577 32,128 2,395 32,223 2,365 602 577 577 560 550 28,714 28,986 28,986 29,173 29,308 59.1 59.3 59.3 59.6 59.8 638 602 602 577 577 27,051 26,067 26,067 25,877 25,857 4,635 5,471 5,471 5,675 5,790 Filler Filler Filler Filler Filler Filler Filler Filler 471 435 435 430 430 27,804 27,592 27,592 28,289 27,989 1,148 1,116 1,116 1,145 1,150 29,422 29,143 29,143 29,864 29,569 7,125 6,970 6,970 7,185 7,200 435 430 430 430 430 21,862 21,743 21,743 22,249 21,939 49.9 49.3 49.3 50.3 49.6 Filler Filler Filler Filler Filler Filler Filler Filler 1,130 1,058 1,058 1,024 1,024 55,038 53,828 53,828 54,332 54,012 6,148 6,959 6,959 7,210 7,327 62,316 61,845 61,845 62,566 62,363 10,137 9,554 9,554 9,586 9,572 1,058 1,024 1,024 1,008 997 51,121 51,268 51,268 51,972 51,794 110.4 110.1 110.1 111.3 110.9 Filler Filler Filler Filler Filler Filler Filler Filler 835 761 761 786 786 46,492 47,493 47,493 48,179 48,377 150 152 152 132 131 47,477 48,406 48,406 49,097 49,294 6,680 6,672 6,672 6,670 6,595 761 786 786 785 785 40,035 40,948 40,948 41,642 41,914 101.1 102.9 102.9 104.3 105.0 Filler Filler Filler Filler Filler Filler Filler Filler 243 219 219 175 175 5,121 4,844 4,844 4,930 4,955 37 38 38 40 40 5,401 5,101 5,101 5,145 5,170 486 425 425 400 430 219 175 175 190 185 4,697 4,501 4,501 4,555 4,555 13.8 13.2 13.2 13.3 13.3 Filler Filler Filler Filler Filler Filler Filler Filler 1,085 985 985 973 973 52,175 52,845 52,845 53,653 53,876 190 193 193 174 173 53,451 54,023 54,023 54,800 55,022 7,187 7,143 7,143 7,118 7,077 985 973 973 984 979 45,279 45,907 45,907 46,698 46,966 116.5 117.4 117.4 119.1 119.7 Filler Filler Filler Filler Filler Filler Filler Filler 2,215 2,043 2,043 1,997 1,997 107,214 106,673 106,673 107,985 107,888 6,338 7,152 7,152 7,384 7,500 115,767 115,868 115,868 117,366 117,385 17,324 16,697 16,697 16,704 16,649 2,043 1,997 1,997 1,992 1,976 96,400 97,175 97,175 98,670 98,760 226.9 227.4 227.4 230.4 230.6 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce. 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. April 2026 WASDE - 670 - 33 U.S. Egg Supply and Use 2023 2024 2025 Est. 2025 Est. 2026 Proj. 2026 Proj. Mar Apr Mar Apr Commodity Eggs Supply Beginning Stocks Production Imports Total Supply Use Exports Hatching Use Ending Stocks Disappearance Total Per Capita (number) Million Dozen 18.8 9,151.2 27.5 9,197.4 23.1 9,076.2 30.1 9,129.4 14.2 8,765.0 121.0 8,900.2 14.2 8,765.0 121.0 8,900.2 17.1 9,155.0 40.0 9,212.1 17.1 9,200.0 21.0 9,238.1 250.5 1,120.4 23.1 236.7 1,148.2 14.2 203.3 1,163.8 17.1 203.3 1,163.8 17.1 260.0 1,170.0 21.0 240.0 1,165.0 21.0 7,803.5 277.8 7,730.3 272.8 7,516.0 263.8 7,516.0 263.8 7,761.1 271.6 7,812.1 273.4 2025 Est. 2025 Est. 2026 Proj. 2026 Proj. Mar Apr Mar Apr Total U.S. Milk Supply and Use 2023 2024 Commodity Milk Production Farm Use Fat Basis Supply Beginning Stocks Marketings Imports Total Supply Fat Basis Use Exports Ending Stocks Domestic Use Skim-solid Basis Supply Beginning Stocks Marketings Imports Total Supply Skim-solid Basis Use Exports Ending Stocks Domestic Use Total Note: Totals may not add due to rounding. 226.3 1.0 225.9 1.0 Billion Pounds 231.7 231.7 1.0 1.0 234.7 1.0 235.3 1.0 14.4 225.3 7.4 247.1 13.8 224.9 9.1 247.8 13.1 230.7 7.4 251.1 13.1 230.7 7.4 251.1 12.6 233.7 8.2 254.5 12.6 234.3 7.7 254.6 10.5 13.8 222.8 11.8 13.1 222.9 16.7 12.6 221.7 16.7 12.6 221.7 18.0 13.1 223.4 19.5 12.9 222.2 11.7 225.3 6.3 243.3 9.8 224.9 6.8 241.5 9.4 230.7 6.9 247.0 9.4 230.7 6.9 247.0 9.2 233.7 7.0 249.8 9.2 234.3 6.8 250.3 49.9 9.8 183.6 48.9 9.4 183.3 48.2 9.2 189.6 48.2 9.2 189.6 48.3 9.0 192.6 49.0 9.2 192.1 April 2026 WASDE - 670 - 34 U.S. Dairy Prices Commodity Product Prices 1/ Cheese Butter Nonfat Dry Milk Dry Whey 2023 2024 1.7593 2.6170 1.1856 0.3618 1.8634 2.8870 1.2420 0.4913 17.02 19.12 20.34 18.89 20.75 22.55 Filler 2025 Est. Mar 2025 Est. Apr 2026 Proj. Mar 2026 Proj. Apr Dollars Per Pound 1.7878 1.7878 2.2202 2.2202 1.2348 1.2348 0.5956 0.5956 Dollars Per Cwt 1.615 1.870 1.390 0.660 1.645 1.815 1.575 0.660 16.65 17.15 19.70 16.90 18.60 20.50 Milk Prices 2/ Class III Class IV All Milk 3/ 18.01 17.38 21.17 18.01 17.38 21.17 All prices are January-December averages. 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. April 2026 WASDE - 670 - 35 Reliability of April Projections 1/ Note: Tables on pages 35-37 present a record of the April 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 0.5 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 0.8 percent. The average difference between the April projection and the final estimate is 2 million tons, ranging from 0.1 million to 6.8 million tons. The April projection has been below the estimate 30 times and above 14 times. Differences between forecast and final estimate Years 90 percent Commodity and Root mean confidence Below Above Region square error interval Average Smallest Largest Final Final WHEAT Percent Million Metric Tons Production World 0.5 0.8 2.0 0.1 6.8 30 14 U.S. 0.2 0.3 0.1 0.0 0.3 20 12 Foreign 0.5 0.9 2.0 0.2 6.8 30 14 Exports World 3.8 6.4 4.3 0.4 14.3 35 9 U.S. 2.4 4.1 0.6 0.0 2.1 19 24 Foreign 4.9 8.2 4.3 0.1 13.3 35 9 Domestic Use World 0.7 1.2 3.4 0.1 9.4 20 24 U.S. 3.0 5.1 0.7 0.0 2.2 16 28 Foreign 0.7 1.2 3.2 0.0 9.6 20 23 Ending Stocks World 3.1 5.2 4.1 0.0 14.5 31 12 U.S. 7.8 13.1 0.9 0.0 4.1 27 17 Foreign 3.4 5.7 3.6 0.0 12.6 32 11 COARSE GRAINS 2/ Production World 1.0 1.7 9.1 0.3 42.1 35 9 U.S. 0.2 0.3 0.2 0.0 1.8 18 12 Foreign 1.5 2.4 9.1 0.3 42.1 35 9 Exports World 4.5 7.5 4.8 0.1 21.8 31 13 U.S. 6.7 11.3 2.9 0.0 7.2 25 19 Foreign 7.1 12.0 4.9 0.3 21.2 32 12 Domestic Use World 0.9 1.4 6.6 0.0 20.3 21 23 U.S. 2.2 3.8 3.3 0.1 16.8 17 27 Foreign 1.0 1.7 6.5 0.2 22.7 26 18 Ending Stocks World 9.2 15.5 11.7 0.2 144.9 37 7 U.S. 11.0 18.4 3.6 0.0 12.1 21 23 Foreign 11.6 19.5 10.4 0.5 144.9 38 6 RICE, milled Production World 1.2 2.1 3.4 0.0 13.3 36 8 U.S. 1.3 2.1 0.0 0.0 0.2 11 5 Foreign 1.3 2.1 3.4 0.0 13.3 36 8 Exports World 7.6 12.8 1.5 0.1 4.5 34 10 U.S. 6.2 10.5 0.1 0.0 0.5 20 21 Foreign 8.4 14.2 1.5 0.0 4.4 34 10 Domestic Use World 1.0 1.7 3.0 0.0 13.7 31 12 U.S. 6.7 11.4 0.2 0.0 0.5 16 27 Foreign 1.0 1.8 2.9 0.1 13.4 32 12 Ending Stocks World 7.8 13.1 4.5 0.1 26.1 31 13 U.S. 18.0 30.4 0.2 0.0 0.4 26 18 Foreign 8.1 13.6 4.5 0.1 26.1 30 14 1/ Footnotes at end of table. CONTINUED April 2026 WASDE - 670 - 36 Reliability of April Projections (Continued) 1/ Differences between forecast and final estimate 90 percent Years Commodity and Root mean confidence Below Above Region square error interval Average Smallest Largest Final Final SOYBEANS Percent Million Metric Tons Production World 1.6 2.7 2.6 0.2 7.9 26 18 U.S. 1.3 2.2 0.7 0.0 3.2 19 18 Foreign 2.6 4.4 2.4 0.0 8.1 28 16 Exports World 4.9 8.2 2.8 0.1 13.2 28 16 U.S. 5.3 9.0 1.4 0.0 6.3 29 15 Foreign 10.9 18.4 2.6 0.2 15.9 25 19 Domestic Use World 1.7 2.9 2.7 0.0 10.3 24 20 U.S. 2.2 3.6 0.8 0.1 2.4 27 17 Foreign 2.1 3.5 2.3 0.0 10.4 22 22 Ending Stocks World 10.9 18.3 3.4 0.0 13.2 26 18 U.S. 33.8 57.0 1.7 0.1 6.8 18 26 Foreign 11.9 20.1 3.1 0.0 12.8 28 16 COTTON Million 480-Pound Bales Production World 1.6 2.7 1.2 0.0 5.2 31 12 U.S. 0.4 0.6 0.0 0.0 0.2 17 18 Foreign 1.9 3.2 1.2 0.0 5.1 30 13 Exports World 4.2 7.1 1.1 0.1 4.2 28 16 U.S. 4.7 8.0 0.4 0.0 1.4 20 21 Foreign 5.5 9.2 1.0 0.1 3.9 26 18 Domestic Use World 2.2 3.7 1.7 0.0 8.5 26 18 U.S. 6.1 10.3 0.2 0.0 0.8 20 18 Foreign 2.2 3.7 1.6 0.2 7.8 26 18 Ending Stocks World 7.1 11.9 3.2 0.0 9.0 27 17 U.S. 14.4 24.2 0.5 0.0 1.6 19 25 Foreign 7.6 12.7 3.1 0.1 9.1 25 19 1/ Marketing years 1981/82 through 2024/25 for grains, soybeans (U.S. only), and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2023/24, and for 2024/25 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. April 2026 WASDE - 670 - 37 Reliability of United States April Projections 1/ Differences between forecast and final estimate CORN Production Exports Domestic Use Ending Stocks SORGHUM Production Exports Domestic Use Ending Stocks BARLEY Production Exports Domestic Use Ending Stocks OATS Production Exports Domestic Use Ending Stocks SOYBEAN MEAL Production Exports Domestic Use Ending Stocks SOYBEAN OIL Production Exports Domestic Use Ending Stocks 90 percent Root mean confidence square error interval Percent 0.2 0.3 6.9 11.6 2.1 3.6 12.5 21.0 Years Average Smallest Million Bushels 7 0 106 13 116 5 143 3 Largest Below Final Above Final 72 280 474 470 2 22 18 21 7 22 26 23 0.1 11.5 9.9 37.3 0.2 19.4 16.6 62.7 0 19 21 20 0 0 0 0 4 72 158 148 0 28 17 19 2 15 25 24 0.9 16.3 5.4 12.2 1.6 27.4 9.0 20.5 1 3 10 11 0 0 0 0 11 13 64 52 22 13 20 27 4 25 21 16 0.4 32.2 3.8 14.0 0.6 54.3 6.5 23.5 2 3 26 30 5 7 13 29 4 7 28 15 2.6 7.7 2.1 33.1 4.3 13.0 3.6 55.7 2,667 2,326 2,066 253 32 34 29 17 12 10 15 24 2.5 18.1 1.9 17.0 4.2 30.4 3.2 28.6 0 0 0 0 8 0 9 1 Thousand Short Tons 794 4 560 25 504 100 66 0 Million Pounds 377 15 229 0 249 0 237 5 1,058 777 576 753 33 29 25 28 11 14 18 16 ANIMAL PROD. Million Pounds Beef Pork Broilers Turkeys 2.3 2.1 1.3 2.6 3.9 3.5 2.2 4.5 480 19 307 10 311 6 107 3 Million Dozen 1,388 983 1,006 398 28 24 29 19 16 20 15 25 Eggs 1.6 2.7 94 4 Billion Pounds 433 28 16 Milk 1.1 1.9 1.4 0.0 5.2 21 22 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2024/25 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 2024/25. Calendar years 1982 through 2024 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate published by NASS for 1982-2024. WASDE-670-38 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 https://apps.fas.usda.gov/psdonline/app/index.html. 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 International Production Assessment Division (IPAD) of the Foreign Agricultural Service. IPAD is located at https://ipad.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 For complete WASDE tables and previous month’s report visit https://www.usda.gov/oce/commodity/wasde/ Click to receive WASDE-related notifications by email Previous WASDE reports are available at For questions contact: Mirvat Sewadeh at mirvat.sewadeh@usda.gov World Agricultural Supply and Demand Estimates WASDE-670 – April 9, 2026 The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) 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