-
Notifications
You must be signed in to change notification settings - Fork 0
/
Copy pathparsed_text.txt
3328 lines (2436 loc) · 116 KB
/
parsed_text.txt
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
449
450
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512
513
514
515
516
517
518
519
520
521
522
523
524
525
526
527
528
529
530
531
532
533
534
535
536
537
538
539
540
541
542
543
544
545
546
547
548
549
550
551
552
553
554
555
556
557
558
559
560
561
562
563
564
565
566
567
568
569
570
571
572
573
574
575
576
577
578
579
580
581
582
583
584
585
586
587
588
589
590
591
592
593
594
595
596
597
598
599
600
601
602
603
604
605
606
607
608
609
610
611
612
613
614
615
616
617
618
619
620
621
622
623
624
625
626
627
628
629
630
631
632
633
634
635
636
637
638
639
640
641
642
643
644
645
646
647
648
649
650
651
652
653
654
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679
680
681
682
683
684
685
686
687
688
689
690
691
692
693
694
695
696
697
698
699
700
701
702
703
704
705
706
707
708
709
710
711
712
713
714
715
716
717
718
719
720
721
722
723
724
725
726
727
728
729
730
731
732
733
734
735
736
737
738
739
740
741
742
743
744
745
746
747
748
749
750
751
752
753
754
755
756
757
758
759
760
761
762
763
764
765
766
767
768
769
770
771
772
773
774
775
776
777
778
779
780
781
782
783
784
785
786
787
788
789
790
791
792
793
794
795
796
797
798
799
800
801
802
803
804
805
806
807
808
809
810
811
812
813
814
815
816
817
818
819
820
821
822
823
824
825
826
827
828
829
830
831
832
833
834
835
836
837
838
839
840
841
842
843
844
845
846
847
848
849
850
851
852
853
854
855
856
857
858
859
860
861
862
863
864
865
866
867
868
869
870
871
872
873
874
875
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
896
897
898
899
900
901
902
903
904
905
906
907
908
909
910
911
912
913
914
915
916
917
918
919
920
921
922
923
924
925
926
927
928
929
930
931
932
933
934
935
936
937
938
939
940
941
942
943
944
945
946
947
948
949
950
951
952
953
954
955
956
957
958
959
960
961
962
963
964
965
966
967
968
969
970
971
972
973
974
975
976
977
978
979
980
981
982
983
984
985
986
987
988
989
990
991
992
993
994
995
996
997
998
999
1000
ISSN: 1554 -9089 World Agricultural Supply
and Demand Estimates
Office of the
Chief Economist Agricultural Marketing Service
Farm Service Agency Economic Research Service
Foreign Agricultural Service
WASDE - 633 Approved by the World Agricultural Outlook Board February 8, 2023
WHEAT: The supply and demand outlook for 2022/23 U.S. wheat is largely unchanged this
month with minor revisions to domestic use and ending stocks. Food use is lowered 2 million
bushels to 975 million, which still is a record. The decrease is based on the NASS Flour Millings Products report, indicating a 2 percent reduction in wheat ground for flour for the
October -December quarter compared to a year earlier. Seed use is raised 1 million bushels
to 70 million, based primarily on NASS seed use data for the Septe mber -November quarter.
Wheat exports are unchanged at 775 million tons with offsetting by -class changes. Projected
2022/23 ending stocks are raised 1 million bushels to 568 million. The 2022/23 season-average farm price is forecast $0.10 per bushel lower at $9.00, based on prices received to date and expectations for cash prices for the remainder of 2022/23.
The global wheat outlook for 2022/23 is for increased supplies, consumption, trade, and stocks. Supplies are raised 2.4 million tons to 1,060.5 mi llion, primarily on higher production
for Australia and Russia. Australia production is raised 1.4 million tons to 38.0 million, which would be a third consecutive record. The majority of the increase is for Western Australia based on harvest receivals t o date. Russia production is raised 1.0 million tons to 92.0
million on larger spring wheat harvested area.
Global consumption is increased 1.4 million tons to 791.2 million, mainly on higher feed and residual use by Canada, EU, and Russia more than offs etting lower food, seed, and industrial
use by Bangladesh. World trade is raised 1.3 million tons to 212.9 million on higher exports by Australia, Ukraine, EU, and Russia more than offsetting reduced exports by Canada. Projected 2022/23 ending stocks are raised 0.9 million tons to 269.3 million on increases for
Australia and China more than offsetting a reduction for Ukraine. However, ending stocks still remain the lowest since 2016/17. COARSE GRAINS: This monthโs 2022/23 U.S. corn outlook is for lower corn used for
ethanol and larger ending stocks. Corn used for ethanol is reduced 25 million bushels, based on data through December from the Grain Crushings and Co- Products Production report and
weekly ethanol production data as reported by the Energy Information Administration for the month of January. With no other use changes, U.S. corn ending stocks are up 25 million bushels from last month. The season- average corn price received by producers is
unchanged at $6.70 per bushel. Global coarse grain production for 2022/23 is forecast 3.6 million tons lower to 1,442.8 million. This monthโs foreign coarse grain outlook is for reduced production, consumption, and ending stocks relative to last month. Foreign corn production is down, with a decline for
Argentina partially offset by increases for the Philippines and Vietnam. For Argentina, production is cut based on reductions to both area and yield. Foreign barley production is raised refle cting increases for Russia, Australia, and Uruguay.
WASDE- 633-2
Major global trade changes for 2022/23 include higher projected corn exports for Brazil,
Ukraine, Paraguay, Turkey, and Indonesia, with a reduction for Argentina. For 2021/22, Argentinaโs exports for the marketing year beginning in March 2022 are lowered based on
observed shipments to date, while Brazil is raised. Corn imports for 2022/23 are increased for the EU, with partly offsetting reductions for Indonesia and Malaysia. Sorghum imports are lowered f or China, reflecting export cuts for Argentina and the United States. Foreign corn
ending stocks are down relative to last month, with declines for Ukraine and Indonesia that are partly offset by increases for Brazil and Canada. Global corn ending stocks, at 295.3 million tons, are down 1.1 million. RICE : This monthโs outlook for 2022/23 U.S. rice is for lower supplies, unchanged domestic
use, smaller exports, and slightly larger ending stocks. Total imports are lowered 3.0 million cwt to 42.0 million with reductions to the long -grain and medium - and short -grain import
forecasts. Import forecasts for all rice and both classes of rice remain record highs and total supplies are the lowest since 2003/04. In contrast, total exports are forecast down 4.0 m illion
cwt to 62.0 million, the lowest level since 1985/86, as high U.S. prices continue to limit sales. Long- grain exports are lowered 2.0 million cwt to 47.0 million, on weak sales and shipments
to date, particularly rough rice to Mexico. Medium - and s hort-grain rice exports are lowered
2.0 million cwt to 15.0 million on tight supplies, weak sales to date, and expectations regarding shipments for the remainder of the year. Projected 2022/23 all rice ending stocks are increased 1.0 million cwt to 33.1 million, but still down 17 percent from last year. The season- average farm price (SAFP) for long- grain rice is raised $0.20 per cwt to $16.90, while
the SAFPs for southern and California medium - and short -grain rice were unchanged. The
higher long- grain SAFP raised the all rice average farm price to $19.40 per cwt, up 20 cents.
The 2022/23 global outlook this month is for slightly larger supplies, modestly lower trade, increased consumption, and lower ending stocks. Global 2022/23 rice supplies are increased by 0.2 million tons to 686.3 million. Total trade is forecast to decline 0.3 million tons to 54.1 million, a s reductions for Vietnam, Thailand, Pakistan, and the United States
more than offset an increase for India. Total exports in the first three months of Indiaโs marketing year were larger than a year earlier and demand for rice from India remains strong despite its export restrictions. Indiaโs exports are raised 1.0 million tons to 21.5 million,
slightly below last yearโs record. Exports from Vietnam are forecast 0.6 million tons lower to 6.8 million due to lower production reducing exportable supplies. Global consumption is raised 1.1 million tons to 517.2 million as increases in China and Bangladesh more than offset a decrease for Indonesia. World ending stocks are lowered 0.9 million tons to 169.1
million, 8 percent lower than global ending stocks in 2021/22.
OILSEEDS : This monthโs 2022/23 U.S. soybean outlook is for lower soybean crush and
higher ending stocks. Soybean crush is forecast at 2.23 billion bushels, down 15 million from last month on lower domestic soybean meal disappearance and a higher soybean meal
extraction rate. With soybean exports unchanged, ending stocks are forecast at 225 million bushels, up 15 million.
The U.S. season -average soybean price for 2022/23 is forecast at $14.30 per bushel, up 10
cents from last month. The soybean meal price is forecast at $450.00 per short ton, up 25 dollars. The soybean oil price forecast is unchanged at 68.0 cents per pound.
WASDE- 633-3
Global 2022/23 soybean supply and demand forecasts include lower production, crush, and
ending stocks. Global production is reduced 5.0 million tons to 383.0 million on lower crops for Argentina and Ukraine. Argentinaโs crop is reduced 4.5 million tons to 41.0 million on lower area and dry weather conditions impacting yields. Ukraineโs crop is down 0.4 million tons on lower reported area harvested. Global soybean exports are nearly unchanged, with
lower exports for Argentina offset by higher shipments for Paraguay and Brazil. Soybean imports are increased for Argentina while down for the EU. EU imports are reduce d on the
pace to date and higher imports of rapeseed and sunflowerseed. Pakistanโs imports are also down due to restrictions on import licenses of genetically engineered soybeans.
Global oilseed crush is reduced 3.4 million tons mainly on lower crush for China, Pakistan,
and Argentina. Chinaโs crush is lowered on slower -than-expected pace to date. Pakistanโs
crush is reduced on lower available supplies. Argentinaโs crush is lowered leading to reduced soybean meal and oil shipments. Global soybean endi ng stocks are reduced 1.5
million tons to 102.0 million, with lower South American stocks partly offset by higher stocks
for China.
SUGAR: U.S. sugar supply for 2022/23 is decreased 10,135 short tons, raw value (STRV)
from last month as a reduction in sugar production more than offsets small increases in beginning stocks and imports. Louisiana sugar production is reduced by 82,858 STRV to
2.030 million. With the sugar campaign ended, USDA contacted mills regarding final crop
year production. Mills confirmed that yields were off from earlier USDA estimates due to the
freeze in late December. Cane sugar production in Florida is increased by 24,292 STRV to
2.014 million but is decreased in Texas by 9,790 STRV to 87,182. Both of these changes are
from processorsโ forecasts in the Sweetener Market Data (SMD). Beet sugar production is
increased by 51,898 STRV to 5.100 million. Based on sugar production data for August
through December in the SMD, USDA increases its projection of sucrose recovery from
15.000 to 15.204 percent. Cumulative sucrose recovery for the 5 months is estimated at
15.433 percent. This estimate is statistically close to full season recovery, but USDA is
exercising some caution in recognition of statistical variance. Even so, five -month averages
in all major regions (Red River Valley, Michigan, Great Plains, and Pacific Northwest) exceed 10-year averages. (Processors in SMD are more optimistic forecasting national recovery at
15.592 percent.) The increase due to the higher recovery rate is offset partially by a 10,000
STRV reduction in August -September 2023 production due to the closure of the beet facility
in Sidney, Montana. Imports are increased by 4,725 STRV due to an upward revision of raw
sugar imports from the 2021/22 TRQ entering in December. With no change in use, the
supply changes flow into ending stocks , now projected at 1.874 million STRV for an ending
stocks- to-use ratio of 14.8 percent.
The 2022/23 Mexico supply and use is virtually unchanged from last mont h. USDA still
projects production at 5.900 million metric tons (MT). Most factories started late this season,
but most have caught up on harvested area from the perspective of the previous 9 campaigns and from the level predicted by CONADESUCA in its pre- season production
estimate. There still are significant variations amongst mills, especially those producing
refinado sugar. Cumulative sugarcane yields and sucrose recovery through January 28 are
still far below corresponding historical levels through the same date and below CONADESUCA forecast. We are soon to enter the period in which USDA forecasting based
on to- date progress has enough statistical validity for updating the USDA projection.
WASDE- 633-4
LIVESTOCK, POULTRY, AND DAIRY : Red meat, poultry, and egg supply and use estimates
for 2022 are adjusted to reflect reported December production, ending stock, and trade data.
For 2023, the beef production forecast is raised from last month. Slaughter is raised for the
first quarter b ut is partly offset by lower carcass weights as cow slaughter is larger than
previously forecast. For the second quarter, steer and heifer slaughter is lowered as fourth-quarter 2022 placements were lower than expected, implying fewer animals available for marketing in the second quarter. Lower fed cattle slaughter, coupled with lower average carcass weights , more than offsets higher expected cow slaughter. Pork production is
lowered on slightly lighter first -half carcass weights. Broiler production is reduced for the first
three quarters based on recent hatchery data and the current pace of slaughter. Turkey
production is unchanged. Egg production is reduced slightly on recent layer flock data and slower -than-expected production growth in December 2022.
Beef imports for 2023 are raised for the year with a higher first -quarter forecast partially
offset by lower second -quarter imports. The beef export forecast and the pork trade
projections are unchanged. Broiler imports and turkey exports are both lowered. Egg imports are projected higher.
For 2023, cattle prices are raised on expected strength in first -half demand for fed cattle in
the face of tightening feedlot numbers. Hog prices are lowered for first -half 2023 reflecting
current price movements. First- half broiler prices are projected lower on weaker -than-
expected prices thus far in 2023. Egg prices for the first quarter are raised on recent prices.
Milk supply and use estimates for 2022 are adjusted to reflect reported December
production, ending stock, and trade data .
For 2023 , milk production is forecast lower as weaker milk prices are expected to result in
lower cow inventories. The Cattle report estimated that the January 1, 2023 dairy cow
inventory was only fractionally above 2022 and t hat producers were retaining about 2 percent
fewer heifers for addition to the dairy herd. Output per cow is also reduced slightly. On both fat- and skim -solids bases, imports for 2023 are raised on higher cheese and milk protein
containing products , while exports are reduced on lower sales of skim milk powder, cheese,
and several other products .
Prices are lowered for cheese as stocks remain relatively large and domestic demand is
expected to remain generally soft. Butter prices are unchanged as higher early -year prices
are offset by weaker prices later in the year. Nonfat dry milk powder and whey prices are lowered on expectations of increased export competition and somewhat softer international
demand. Both Class III and Class IV prices are lowered from last month, reflecting lower product price forecast s, and the all milk price is reduced to 20.70 per cwt.
COTTON : The 2022/23 U.S. cotton supply and demand forecasts show slightly lower mill
use and higher ending stocks relative to last month, while production and exports are
unchanged. The mill use forecast is lowered 100,000 bales to 2.1 million on recent lower rates of monthly utilization. The upland cotton marketing year average price received by producers is projected at 83 cents per pound, unchanged from January.
WASDE- 633-5
World 2022/23 cotton ending stocks are 850,000 bales lower this month as expected output
falls 1 million bales and consumption is projected 190,000 lower. Indiaโs crop is reduced 1
million bales as a continued slow pace of market arrivals tempers previous optimism, and Franc Zone production is 600,000 bales lower this month due to insect damage this season.
Chinaโs crop is raised 500,000 bales on a record pace of Xinjiang inspections in January, and Pakistanโs is ra ised 200,000 bales on favorable arrivals data. World 2022/23 consumption is
200,000 bales lower this month as a 500,000- bale increase for China is more than offset by
reduced expectations for Indonesia, Pakistan, the United States, and Vietnam. World tra de
is projected 1.3 million bales lower, with prospective imports lower for Pakistan, Indonesia, Egypt, and Bangladesh, and prospective exports lower for India, Brazil, Cote dโIvoire, Benin, and Egypt.
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:
SETH MEYER
SECRETARY OF AGRICULTURE DESIGNATE
WASDE- 633-6
INTERAGENCY COMMODITY ESTIMATES COMMITTEES
Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Boardโs analysts chair the Interagency Commodity
Estimates Committees (ICECs) that prepare the monthly report.
Wheat: Mark Simone, ICEC Chair, WAOB, [email protected]
Andrew Sowell, ERS; Rachel Trego, FAS; Bruce McWilliams, FPAC.
Rice: Mark Simone, ICEC Chair, WAOB, mark.simone@ usda.gov
Nathan Childs, ERS; Rachel Trego, FAS.
Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected]
Todd Hubbs, ERS; Kevin Min, FAS; Jacob Vuillemin, FPAC.
Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected]
Maria Bukowski, ERS; Agata Kingsbury , FAS; Gustavo Ferreira, FPAC.
Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected]
Leslie Meyer, ERS; Graham Soley, FAS; Kent Lanclos, FPAC.
Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected]
Vida Abadam, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC.
Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected]
Sherry Wise, AMS; Mildred Haley, ERS; John Brower, FAS; Georgi Gabrielyan, F PAC.
Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected]
Peyton Ferrier, AMS; Grace Grossen, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan,
FPAC.
Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected]
Carolyn Liebrand, AMS; Angel Teran, ERS; Jeffery Dwyer, FAS; Georgi Gabrielyan, FPAC.
In 2023 the WASDE report will be released on Mar 8, Apr 11, May 12,
Jun 9, Jul 12, Aug 11, Sep 12, Oct 12, Nov 9, and Dec 8.
WASDE- 633-7
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
February 2023
WASDE - 633 - 8
World and U.S . Supply and Use for Grains 1/
Million Metric Tons
World Output Total
Supply Trade 2/ Total
Use 3/ Ending
Stocks
Total Grains 4/ 2020/21
2725.36 3543.42 488.10 2741.97 801.44
2021/22 (Est.)
2796.48 3597.93 511.67 2804.28 793.65
filler filler filler filler filler
2022/23 (Proj.) Jan 2730.64 3523.66 484.77 2762.97 760.69
2022/23 (Proj.) Feb 2729.54 3523.20 488.24 2763.20 760.00
filler filler filler filler filler
Wheat 2020/21
774.55 1072.77 203.33 782.71 290.06
2021/22 (Est.)
779.33 1069.39 202.86 792.69 276.70
filler filler filler filler filler
2022/23 (Proj.) Jan 781.31 1058.13 211.62 789.74 268.39
2022/23 (Proj.) Feb 783.80 1060.50 212.95 791.16 269.34
filler filler filler filler filler
Coarse Grains 5/ 2020/21
1441.49 1778.77 233.60 1455.83 322.94
2021/22 (Est.)
1502.36 1825.30 252.12 1491.69 333.61
filler filler filler filler filler
2022/23 (Proj.) Jan 1446.36 1779.45 218.81 1457.13 322.32
2022/23 (Proj .) Feb 1442.77 1776.38 221.24 1454.85 321.53
filler filler filler filler filler
Rice, milled 2020/21
509.33 691.88 51.16 503.44 188.44
2021/22 (Est.)
514.80 703.24 56.70 519.89 183.34
filler filler filler filler filler
2022/23 (Proj.) Jan 502.97 686.08 54.34 516.10 169.98
2022/23 (Proj.) Feb 502.98 686.32 54.05 517.19 169.13
filler filler filler filler filler
United States Output Total
Supply Trade 2/ Total
Use 3/ Ending
Stocks
Total Grains 4/ 2020/21
429.86 516.87 107.23 351.24 58.40
2021/22 (Est.)
448.60 513.38 94.85 360.68 57.85
filler filler filler filler filler
2022/23 (Proj.) Jan 408.46 474.49 74.77 349.26 50.46
2022/23 (Proj.) Feb 408.46 474.41 74.39 348.85 51.18
filler filler filler filler filler
Wheat 2020/21
49.75 80.46 27.05 30.41 23.00
2021/22 (Est.)
44.80 70.40 21.78 29.61 19.01
filler filler filler filler filler
2022/23 (Proj.) Jan 44.90 67.18 21.09 30.65 15.44
2022/23 (Proj.) Feb 44.90 67.18 21.09 30.62 15.47
filler filler filler filler filler
Coarse Grains 5/ 2020/21
372.89 427.19 77.21 315.97 34.01
2021/22 (Est.)
397.71 434.32 70.46 326.28 37.58
filler filler filler filler filler
2022/23 (Proj.) Jan 358.47 399.53 51.58 313.95 34.00
2022/23 (Proj.) Feb 358.47 399.55 51.33 313.56 34.66
filler filler filler filler filler
Rice, milled 2020/21
7.22 9.22 2.97 4.86 1.39
2021/22 (Est.)
6.08 8.67 2.61 4.80 1.26
filler filler filler filler filler
2022/23 ( Proj.) Jan 5.09 7.78 2.10 4.67 1.02
2022/23 (Proj.) Feb 5.09 7.69 1.97 4.67 1.05
filler filler filler filler filler
1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of
export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/
Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet
and mixed grains).
February 2023
WASDE - 633 - 9
World and U.S. Supply and Use for Grains, Continued 1/
Million Metric Tons
Foreign 3/ Output Total
Supply Trade 2/ Total
Use Ending
Stocks
Total Grains 4/ 2020/21
2,295.50 3,026.55 380.87 2,390.73 743.04
2021/22 (Est.)
2,347.89 3,084.55 416.83 2,443.60 735.80
filler filler filler filler filler
2022/23 (Proj.) Jan 2,322.18 3,049.17 410.00 2,413.71 710.23
2022/23 (Proj.) Feb 2,321.08 3,048.78 413.85 2,414.35 708.82
filler filler filler filler filler
Wheat 2020/21
724.80 992.31 176.29 752.30 267.06
2021/22 (Est.)
734.53 998.99 181.08 763.08 257.69
filler filler filler filler filler
2022/23 (Proj.) Jan 736.41 990.95 190.53 759.09 252.95
2022/23 (Proj.) Feb 738.90 993.32 191.85 760.55 253.87
filler filler filler filler filler
Coarse Grains 5/ 2020/21
1,068.60 1,351.58 156.39 1,139.86 288.93
2021/22 (Est.)
1,104.65 1,390.99 181.66 1,165.42 296.03
filler filler filler filler filler
2022/23 (Proj.) Jan 1,087.89 1,379.92 167.23 1,143.18 288.32
2022/23 (Proj.) Feb 1,084.30 1,376.83 169.91 1,141.29 286.87
filler filler filler filler filler
Rice, milled 2020/21
502.10 682.66 48.19 498.58 187.05
2021/22 (Est.)
508.71 694.57 54.09 515.10 182.08
filler filler filler filler filler
2022/23 (Proj.) Jan 497.88 678.30 52.24 511.43 168.96
2022/23 (Proj.) Feb 497.88 678.63 52.08 512.52 168.08
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 grain s.
World and U.S. Supply and Use for Cotton 1/
Million 480 -lb. Bales
Output Total
Supply Trade 2/ Total
Use 3/ Ending
Stocks
World 2020/21
111.49 209.90 48.78 123.18 86.70
2021/22 (Est.)
115.71 202.41 42.86 117.34 85.24
filler filler filler filler filler
2022/23 (Proj.) Jan 115.40 200.74 41.66 110.85 89.93
2022/23 (Proj.) Feb 114.37 199.61 40.38 110.66 89.08
filler filler filler filler filler
United States 2020/21
14.61 21.86 16.35 2.40 3.15
2021/22 (Est.)
17.52 20.68 14.62 2.55 3.75
filler filler filler filler filler
2022/23 (Proj.) Jan 14.68 18.44 12.00 2.20 4.20
2022/23 (Proj.) Feb 14.68 18.44 12.00 2.10 4.30
filler filler filler filler filler
Foreign 4/ 2020/21
96.89 188.04 32.42 120.78 83.55
2021/22 (Est.)
98.19 181.73 28.24 114.79 81.49
filler filler filler filler filler
2022/23 (Proj.) Jan 100.72 182.30 29.66 108.65 85.73
2022/23 (Proj.) Feb 99.69 181.17 28.38 108.56 84.78
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.
February 2023
WASDE - 633 - 10
World and U.S. Supply and Use for Oilseeds 1/
(Million Metric Tons)
World Output Total
Supply Trade Total
Use 2/ Ending
Stocks
Oilseeds 2020/21
607.76 719.51 192.03 508.91 115.37
2021/22 (Est.)
606.79 722.16 178.64 509.33 117.52
filler filler filler filler filler
2022/23 (Proj.) Jan 641.94 759.04 196.97 532.52 122.18
2022/23 (Proj.) Feb 636.72 754.24 198.03 529.54 119.18
filler filler filler filler filler
Oilmeals 2020/21
348.91 368.93 97.37 345.02 18.33
2021/22 (Est.)
348.57 366.89 95.98 345.58 17.77
filler filler filler filler filler
2022/23 (Proj.) Jan 364.39 382.07 97.66 358.75 18.25
2022/23 (Proj.) Feb 362.06 379.83 97.64 357.49 17.63
filler filler filler filler filler
Vegetable Oils 2020/21
206.70 236.68 85.40 204.63 28.50
2021/22 (Est.)
208.48 236.98 79.09 203.91 29.38
filler filler filler filler filler
2022/23 (Proj.) Jan 217.62 247.01 87.32 213.07 29.60
2022/23 (Proj.) Feb 217.58 246.95 87.95 212.91 29.94
filler filler filler filler filler
United States
Output Total
Supply Trade Total
Use 2 / Ending
Stocks
Oilseeds 2020/21
124.52 141.69 62.78 62.66 8.64
2021/22 (Est.)
131.35 141.16 59.71 63.87 9.14
filler filler filler filler filler
2022/23 (Proj.) Jan 125.96 136.39 55.08 65.50 7.46
2022/23 (Proj.) Feb 125.96 136.39 55.08 65.02 7.88
filler filler filler filler filler
Oilmeals 2020/21
48.25 53.02 12.62 40.00 0.39
2021/22 (Est.)
49.25 53.21 12.44 40.42 0.35
filler filler filler filler filler
2022/23 ( Proj.) Jan 50.46 54.79 12.66 41.72 0.40
2022/23 (Proj.) Feb 50.23 54.56 12.66 41.50 0.40
filler filler filler filler filler
Vegetable Oils 2020/21
12.70 18.86 1.04 16.52 1.30
2021/22 (Est.)
13.05 19.60 1.05 17.28 1.27
filler filler filler filler filler
2022/23 (Proj.) Jan 13.39 20.08 0.58 18.25 1.25
2022/23 (Proj.) Feb 13.32 20.12 0.53 18.31 1.28
filler filler filler filler filler
Foreign 3/
Output Total
Supply Trade Total
Use 2/ Ending
Stocks
Oilseeds 2020/21
483.23 577.83 129.25 446.25 106.74
2021/22 (Est.)
475.44 581.00 118.93 445.46 108.38
filler filler filler filler filler
2022/23 (Proj.) Jan 515.97 622.65 141.90 467.02 114.72
2022/23 (Proj.) Feb 510.76 617.85 142.95 464.52 111.30
filler filler filler filler filler
Oilmeals 2020/21
300.67 315.91 84.74 305.02 17.94
2021/22 (Est.)
299.32 313.69 83.54 305.17 17.41
filler filler filler filler filler
2022/23 (Proj.) Jan 313.94 327.28 85.00 317.03 17.85
2022/23 (Proj.) Feb 311.83 325.26 84.97 315.99 17.23
filler filler filler filler filler
Vegetable Oils 2020/21
194.00 217.82 84.36 188.11 27.20
2021/22 (Est.)
195.42 217.38 78.04 186.63 28.10
filler filler filler filler filler
2022/23 (Proj.) Jan 204.23 226.93 86.74 194.82 28.36
2022/23 (Proj.) Feb 204.25 226.83 87.42 194.60 28.66
filler filler filler filler filler
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.
February 2023
WASDE - 633 - 11
U.S. Wheat Supply and Use 1/
2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj.
Jan Feb
Million Acres
Area Planted 44.5 46.7 45.7 45.7
Area Harvested 36.8 37.1 35.5 35.5
Bushels
Yield per Harvested Acre 49.7 44.3 46.5 46.5
Million Bushels
Beginning Stocks 1,028 845 698 698
Production 1,828 1,646 1,650 1,650
Imports 100 95 120 120
Supply, Total 2,956 2,587 2,468 2,468
Food 961 972 977 975
Seed 64 58 69 70
Feed and Residual 93 59 80 80
Domestic, Total 1,117 1,088 1,126 1,125
Exports 994 800 775 775
Use, Total 2,111 1,888 1,901 1,900
Ending Stocks 845 698 567 568
Avg. Farm Price ($/bu) 2/ 5.05 7.63 9.10 9.00
U.S. Wheat by Class: Supply and Use
Year beginning June 1 Hard Red
Winter Hard Red
Spring Soft Red
Winter White Durum Total
Million Bushels
2021/22 (Est.) Beginning Stocks
428 235 85 70 27 845
Production
750 297 361 201 38 1,646
Supply, Total 3/
1,182 575 449 276 105 2,587
Domestic Use
489 220 238 75 67 1,088
Exports
317 209 112 148 14 800
Use, Total
806 429 350 222 81 1,888
Ending Stocks, Total
376 146 99 54 24 698
2022/23 (Proj.) Beginning Stocks
376 146 99 54 24 698
Production
531 446 337 272 64 1,650
Supply, Total 3/
912 647 441 331 138 2,468
Domestic Use
418 297 223 96 91 1,125
Exports
220 230 115 190 20 775
Use, Total
638 527 338 286 111 1,900
Ending Stocks, Total Feb 273 120 102 45 27 568
Ending Stocks, Total Jan 274 120 90 56 28 567
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.
February 2023
WASDE - 633 - 12
U.S. Feed Grain and Corn Supply and Use 1/
FEED GRAINS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj.
Jan Feb
Million Acres
Area Planted 102.3 105.8 100.4 100.4
Area Harvested 90.6 94.4 87.1 87.1
Metric Tons
Yield per Harvested Acre 4.11 4.21 4.11 4.11
Million Metric Tons
Beginning Stocks 51.8 34.0 37.6 37.6
Production 372.6 397.5 358.2 358.2
Imports 2.2 2.3 3.1 3.2
Supply, Total 426.6 433.8 398.9 398.9
Feed and Residual 146.7 148.6 137.7 137.7
Food, Seed & Industrial 168.8 177.1 175.6 175.2
Domestic, Total 315.4 325.8 313.3 312.9
Exports 77.2 70.5 51.6 51.3
Use, Total 392.6 396.2 364.9 364.3
Ending Stocks 34.0 37.6 34.0 34.6
CORN 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Million Acres
Area Planted 90.7 93.3 88.6 88.6
Area Harvested 82.3 85.3 79.2 79.2
Bushels
Yield per Harvested Acre 171.4 176.7 173.3 173.3
Million Bushels
Beginning Stocks 1,919 1,235 1,377 1,377
Production 14,111 15,074 13,730 13,730
Imports 24 24 50 50
Supply, Total 16,055 16,333 15,157 15,157
Feed and Residual 5,607 5,718 5,275 5,275
Food, Seed & Industrial 2/ 6,467 6,766 6,715 6,690
Ethanol & by -products 3/ 5,028 5,326 5,275 5,250
Domestic, Total 12,074 12,484 11,990 11,965
Exports 2,747 2,471 1,925 1,925
Use, Total 14,821 14,956 13,915 13,890
Ending Stocks 1,235 1,377 1,242 1,267
Avg. Farm Price ($/bu) 4/ 4.53 6.00 6.70 6.70
Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for
barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the
Feed Grains Database at www.ers.usda.gov/data- products/feed- grains -database.aspx. 3/ Corn processed in ethanol plants to
produce ethanol and by- products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Market ing-
year weighted average price received by farmers.
February 2023
WASDE - 633 - 13
U.S. Sorghum, Barley, and Oats Supply and Use 1/
SORGHUM 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj.
Jan Feb
Million Bushels
Fil ler Fil ler Fil ler Fil ler Fil ler
Area Planted (mil. acres) 5.9 7.3 6.3 6.3
Area Harvested (mil. acres) 5.1 6.5 4.6 4.6
Yield (bushels/acre) 73.2 69.0 41.1 41.1
Beginning Stocks 30 20 47 47
Production 373 448 188 188
Imports 0 0 0 0
Supply, Total 403 468 235 235
Feed and Residual 97 81 70 70
Food, Seed & Industrial 7 45 40 50
Total Domestic 104 127 110 120
Exports 279 294 100 90
Use, Total 383 421 210 210
Ending Stocks 20 47 25 25
Avg. Farm Price ($/bu) 2/ 5.04 5.94 6.85 6.90
Fil ler Fil ler Fil ler Fil ler Fil ler
BARLEY 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Fil ler Fil ler Fil ler Fil ler Fil ler
Area Planted (mil. acres) 2.7 2.7 2.9 2.9
Area Harvested (mil. acres) 2.2 2.0 2.4 2.4
Yield (bushels/acre) 77.2 60.3 71.7 71.7
Beginning Stocks 80 71 42 42
Production 171 120 174 174
Imports 7 15 15 16
Supply, Total 258 206 231 232
Feed and Residual 26 20 35 35
Food, Seed & Industrial 147 137 130 130
Total Domestic 172 157 165 165
Exports 14 7 5 5
Use, Total 186 164 170 170
Ending Stocks 71 42 61 62
Avg. Farm Price ($/bu) 2/ 4.75 5.31 7.30 7.30
Fil ler Fil ler Fil ler Fil ler Fil ler
OATS 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Fil ler Fil ler Fil ler Fil ler Fil ler
Area Planted (mil. acres) 3.0 2.6 2.6 2.6
Area Harvested (mil. acres) 1.0 0.7 0.9 0.9
Yield (bushels/acre) 65.1 61.3 64.8 64.8
Beginning Stocks 37 38 33 33
Production 66 40 58 58
Imports 85 81 90 90
Supply, Total 188 159 180 180
Feed and Residual 68 44 65 65
Food, Seed & Industrial 78 79 81 81
Total Domestic 147 124 146 146
Exports 3 3 2 2
Use, Total 150 126 148 148
Ending Stocks 38 33 32 32
Avg. Farm Price ($/bu) 2/ 2.77 4.55 5.00 4.85
Fil ler Fil ler Fil ler Fil ler Fil ler
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.
February 2023
WASDE - 633 - 14
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
TOTAL RICE 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj.
Jan Feb
Million Acres
Area Planted 3.04 2.53 2.22 2.22
Area Harvested 2.99 2.49 2.17 2.17
Fil ler
Pounds
Yield per Harvested Acre 7,619 7,709 7,383 7,383
Million Hundredweight
Beginning Stocks 2/ 28.7 43.7 39.7 39.7
Production 227.5 191.6 160.4 160.4
Imports 34.1 37.8 45.0 42.0
Supply, Total 290.2 273.0 245.1 242.1
Domestic & Residual 3/ 153.1 151.1 147.0 147.0
Exports, Total 4/ 93.5 82.2 66.0 62.0
Rough 34.6 28.3 20.0 18.0
Milled (rough equiv.) 58.9 53.9 46.0 44.0
Use, Total 246.6 233.3 213.0 209.0
Ending Stocks 43.7 39.7 32.1 33.1
Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00
Avg. Farm Price ($/cwt) 6/ 14.40 16.10 19.20 19.40
Total
LONG -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Harvested Acres (mil.) 2.30 1.94 1.77 1.77
Yield (pounds/acre) 7,422 7,471 7,224 7,224
Beginning Stocks 16.9 29.7 24.6 24.6
Imports 27.4 30.7 35.0 33.0
Production 170.8 144.6 128.2 128.2
Supply, Total 7/ 215.1 205.0 187.8 185.8
Domestic & Residual 3/ 120.3 119.7 117.0 117.0
Exports 8/ 65.0 60.6 49.0 47.0
Use, Total 185.3 180.3 166.0 164.0
Ending Stocks 29.7 24.6 21.8 21.8
Avg. Farm Price ($/cwt) 6/ 12.60 13.60 16.70 16.90
Fil ler Fil ler Fil ler Fil ler Fil ler
MEDIUM & SHORT -GRAIN RICE 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Harvested Acres (mil.) 0.69 0.55 0.40 0.40
Yield (pounds/acre) 8,282 8,549 8,094 8,094
Beginning Stocks 10.7 11.5 13.0 13.0
Imports 6.7 7.1 10.0 9.0
Production 56.7 47.0 32.2 32.2
Supply, Total 7/ 72.7 66.0 55.3 54.3
Domestic & Residual 3/ 32.8 31.4 30.0 30.0
Exports 8/ 28.5 21.5 17.0 15.0
Use, Total 61.2 53.0 47.0 45.0
Ending Stocks 11.5 13.0 8.3 9.3
Avg. Farm Price ($/cwt) 1/ 6/ 9/ 20.10 26.40 29.20 29.20
California 10/ 22.60 31.90 36.00 36.00
Other States 1/ 13.00 13.90 17.60 17.60
Fil ler Fil ler Fil ler Fil ler Fil ler
Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broke n kernel rice (type undetermined) not
included in estimates of ending stocks by type (in mil. cwt): 2017/18 -1.4; 2018/19-2.1; 2019/20 -1.0. 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. Mille d 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 farme rs. 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 f inal
price may differ. 10/ Marketing year beginning October 1.
February 2023
WASDE - 633 - 15
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
SOYBEANS 2020/21 2021/22 Est. 2022/23 Proj. 2022/23 Proj.
Jan Feb
Fil ler Fil ler Fil ler Fil ler Fil ler
Million Acres
Area Planted 83.4 87.2 87.5 87.5
Area Harvested 82.6 86.3 86.3 86.3
Fil ler
Bushels
Yield per Harvested Acre 51.0 51.7 49.5 49.5
Million Bushels
Beginning Stocks 525 257 274 274
Production 4,216 4,465 4,276 4,276
Imports 20 16 15 15
Supply, Total 4,761 4,738 4,566 4,566
Crushings 2,141 2,204 2,245 2,230
Exports 2,266 2,158 1,990 1,990
Seed 101 102 102 102
Residual -4 1 18 18
Use, Total 4,504 4,464 4,355 4,340
Ending Stocks 257 274 210 225
Avg. Farm Price ($/bu) 2/ 10.80 13.30 14.20 14.30
Total
SOYBEAN OIL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.
January February
Fil ler Fil ler Fil ler Fil ler Fil ler
Million Pounds
Beginning Stocks 1,853 2,131 1,991 1,991
Production 4/ 25,023 26,143 26,310 26,245
Imports 302 303 300 300
Supply, Total 27,177 28,578 28,601 28,536
Domestic Disappearance 23,314 24,813 25,900 25,900
Biofuel 3/ 8,920 10,348 11,600 11,600
Food, Feed & other Industrial 14,394 14,465 14,300 14,300
Exports 1,731 1,773 800 700
Use, Total 25,046 26,587 26,700 26,600
Ending stocks 2,131 1,991 1,901 1,936
Avg. Price (c/lb) 2/ 56.87 72.98 68.00 68.00
Total
SOYBEAN MEAL 2020/21 2021/22 E st. 2022/23 Proj. 2022/23 Proj.