Wasde Report 1220

World Agricultural Supply
ISSN: 1554-9089
and Demand Estimates
Office of the Agricultural Marketing Service Economic Research Service
Chief Economist Farm Service Agency Foreign Agricultural Service
WASDE - 607 Approved by the World Agricultural Outlook Board December 10, 2020
WHEAT: The outlook for 2020/21 U.S. wheat this month is for slightly smaller supplies,
unchanged domestic use, higher exports, and lower ending stocks. Supplies are reduced on
lower imports, which are decreased 5 million bushels to 120 million on a slower-than-
expected pace. Exports are raised 10 million bushels to 985 million as higher white wheat
exports are partially offset by lower Hard Red Winter (HRW) exports. Sales and shipments
of white wheat have been robust this marketing year to several East Asian countries.
Conversely, HRW exports have slowed for the past several weeks. Projected 2020/21
ending stocks are reduced 15 million bushels to 862 million, down 16 percent from last year.
The season-average farm price is unchanged at $4.70 per bushel.
The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher
exports, and reduced stocks. Supplies are raised 1.2 million tons to 1,074.3 million on higher
global production, which is now a new record at 773.7 million. Most of this month’s
production increase is for Australia, which is raised 1.5 million tons to 30.0 million. This
increase is partially based on the latest ABARES production forecast. Russia’s production is
raised 500,000 tons to 84.0 million with the harvest results now complete. Canada’s wheat
production is raised 0.2 million tons to 35.2 million on the final Statistics Canada estimate for
the 2020/21 crop year. With this month’s production changes, Australia, Canada, and Russia
all have their second largest wheat production on record.
World 2020/21 consumption is increased 5.1 million tons to 757.8 million, mostly on higher
feed and residual use for China, Australia, and the EU. China is raised 3.0 million tons to
24.0 million, which would be its highest wheat feed and residual use since 2012/13.
Increased wheat feed usage is expected as China’s domestic price premium of wheat over
corn has narrowed significantly this year with greater supplies of old-crop wheat available
through government auctions of grain stocks. Projected 2020/21 global trade is raised 2.9
million tons to 193.7 million on higher exports for Australia, Canada, Russia and the United
States. The largest import increases this month are for China and Pakistan, each raised
500,000 tons. China’s import pace continues to be significantly higher than last year and at
8.5 million tons, imports would be the largest since 1995/96. Pakistan continues to actively
import wheat to raise stocks in order to alleviate food price inflation concerns. Pakistan’s
imports of 2.5 million tons would be its largest since 2008/09. Projected 2020/21 world
ending stocks are lowered 3.9 million tons to 316.5 million but remain record high with China
and India holding 51 and 10 percent of the total, respectively.
COARSE GRAINS: This month’s 2020/21 U.S. corn supply and use outlook is unchanged
from last month. The projected season-average farm price is unchanged at $4.00 per
bushel.
WASDE-607-2
Global coarse grain production for 2020/21 is forecast virtually unchanged at 1,447.8 million
tons. The 2020/21 foreign coarse grain outlook is for essentially unchanged production,
greater trade, and smaller ending stocks relative to last month. Foreign corn production is
forecast lower as an increase for Ukraine is more than offset by reductions for Argentina, the
EU, and Canada. Argentina corn production is reduced based on lower expected area.
Canada corn output is lowered as marginally higher area is more than offset by a reduction in
yield. EU corn production is down mostly reflecting a smaller forecast for Bulgaria. Ukraine
corn production is raised based on harvest results to date. Barley production is raised for
Australia and Canada. Sorghum production is increased for Argentina.
Corn exports are raised for Ukraine but lowered for the EU. Imports are raised for China and
Bangladesh, with partially offsetting reductions for the EU, Egypt, Iran, Morocco, and Tunisia.
China’s sorghum and barley imports are projected higher, raising the country’s total coarse
grain imports 4.8 million tons to 30.9 million. If realized, this would be record high and
account for 14 percent of global coarse grain trade, slightly below the high seen during
2014/15. Foreign corn ending stocks for 2020/21 are reduced, mostly reflecting reductions
for India, Brazil, Canada, Ukraine, and Egypt.
RICE: The outlook for 2020/21 U.S. rice this month is for slightly lower supplies, unchanged
domestic use, decreased exports, and higher ending stocks. Supplies are lowered, all on
reduced medium- and short-grain imports. Imports are lowered by 0.8 million cwt to 36.5
million as reduced shipments from China to Puerto Rico are expected. Exports are lowered
by 2.0 million cwt to 95.0 million on the continued weak pace of sales and shipments in the
first half of the marketing year (MY) with all the reduction for long-grain. Projected 2020/21
all rice ending stocks are raised 1.3 million cwt to 50.8 million, up 77 percent from last year.
These would be the largest ending stocks since the 1986/87 MY. The projected 2020/21 all
rice season-average farm price is raised $0.20 per cwt to $13.10 with increases in both the
long-grain and medium- and short-grain prices. These increases are based on NASS prices
reported through October and price expectations for the remainder of the MY.
The 2020/21 global outlook is for slightly higher supplies, larger consumption, increased
trade, and reduced stocks. Rice supplies are raised 0.4 million tons to 679.4 million,
primarily on increased beginning stocks for Pakistan and higher production for Australia.
World production for 2020/21 is raised 0.1 million tons as higher production for Australia and
Peru is nearly offset by a reduction for South Korea. Global 2020/21 consumption is
increased 1.2 million tons to 500.4 million, led by greater consumption for Nigeria and Saudi
Arabia. World trade is raised by 1.0 million tons to 45.3 million tons, primarily on increased
exports by India as its shipment pace since August remains robust. Projected 2020/21 world
ending stocks are lowered 0.8 million tons to 179.0 million but are still record high with China
and India accounting for 65 and 17 percent, respectively.
OILSEEDS: Total U.S. oilseed production for 2020/21 is projected at 123.7 million tons,
down from last month on lower cottonseed production. Soybean crush for 2020/21 is
increased 15 million bushels to 2.195 billion on strong crush margins and record early-
season crush. With exports unchanged, soybean ending stocks for 2020/21 are projected at
175 million bushels. If realized, ending stocks would be the lowest since 2013/14.
Soybean and soybean product prices are forecast higher this month. The U.S. season-
average soybean price for 2020/21 is projected at $10.55 per bushel, up 15 cents. The
WASDE-607-3
soybean meal price is projected at $370 per short ton, up 15 dollars. The soybean oil price is
forecast at 36 cents per pound, up 1.5 cents with cash prices reaching the highest level in
the past six years.
The 2020/21 global oilseed supply and demand forecasts include lower production, higher
exports, and lower ending stocks. Global oilseed production is projected at 595.7 million
tons, down 1.6 million from last month, with lower soybeans, rapeseed, sunflowerseed, and
cottonseed. Global soybean production is projected down 0.6 million tons to 362.1 million.
Higher soybean crops for Canada and Uruguay are offset by lower production for Argentina,
which is reduced 1 million tons to 50 million on lower harvested area. Lower production for
Argentina leads to lower crush and soybean meal exports, supporting higher U.S. exports.
Global rapeseed production is projected lower as reduced estimates for Canada and the EU
are partly offset by a larger Australian crop. Global sunflowerseed production is projected
down 0.2 million tons to 49.5 million, with lower crops for Argentina and the EU.
Global oilseed trade for 2020/21 is projected at 191.8 million tons, up 1.0 million from last
month. Increased soybean exports for Canada and Uruguay and increased rapeseed
exports for Canada and Australia account for most of the gains. Global oilseed ending
stocks are projected at 97.8 million tons, down 0.8 million from last month.
SUGAR: U.S. sugar supply for 2020/21 is increased 357,525 short tons, raw value (STRV)
to 14.006 million on projected increases in imports more than compensating for production
decreases and a slight reduction in beginning stocks. Imports are projected to increase
403,706 STRV to 3.428 million. The largest increase is for imports from Mexico. These are
increased by 271,750 STRV to 1.160 million. Raw sugar 2019/20 TRQ entering in October
2020 has been revised upward by 96,956 STRV for a total of 248,854 STRV. After the
publication of USDA’s Sweetener Market Data this month, FAS resolved certain anomalies in
Customs reporting for TRQ entries. Additional sugar not recorded for October sourced from
Australia, Brazil, and several other countries was determined to have entered. As a
consequence of this adjustment, raw sugar TRQ imports for 2020/21 are projected at 1.381
million STRV, and the 2019/20 raw sugar TRQ shortfall is estimated at 84,180 STRV. High-
tier tariff imports for 2020/21 are increased by 35,000 STRV to 110,000 on the pace to date.
Beet sugar production is reduced by 40,396 STRV to 4.859 million on processors’ forecasts
of national sugarbeet production lower than that forecast last month by NASS. Although
NASS increased Louisiana sugarcane yield 7.4 percent to 32.0 tons/acre, cane sugar
production is unchanged due to the slower-than-expected pace during the hurricane-affected
early weeks of the campaign and the planned extension of harvest end dates to
accommodate the large crop. There are no changes to 2020/21 use. Ending stocks for
2020/21 are projected residually at 1.666 million STRV implying an ending stocks-to-use
ratio of 13.50 percent.
Sugar supply in Mexico for 2020/21 is up on increased imports of sugar for consumption in
the amount of 19,000 metric tons (MT). This increase is based on FAS Post analysis. Total
imports are projected at 105,000 MT, of which 40,000 are for consumption and 65,000 for
IMMEX. There are no other supply changes. Exports are residually increased by the same
19,000 MT. Exports to the United States are increased to 992,683 MT on calculated U.S.
Needs as set out in the AD/CVD Suspension Agreements. Exports to third-country
destinations are residually decreased to 496,824 MT.
WASDE-607-4
LIVESTOCK, POULTRY, AND DAIRY: Total red meat and poultry production for 2020 is little
changed from last month as higher beef and pork production nearly offsets lower poultry
production. The beef production forecast is raised as higher non-fed cattle slaughter more
than offsets lighter expected cattle carcass weights. Pork production is increased on the
current pace of slaughter and heavier carcass weights. Broiler production is reduced on
recent hatchery and slaughter data while the turkey production forecast is lowered on recent
slaughter data. The egg production forecast is raised.
For 2021, total red meat and poultry production is reduced from last month as lower forecast
beef and poultry production more that offsets slightly higher pork production. Beef
production is reduced on lower expected fed and non-fed cattle slaughter in the first half of
2021. Pork production is raised on heavier carcass weights. Broiler and turkey production
forecasts are reduced on recent hatchery data.
Based on recent trade data, the beef import forecast for 2020 is reduced from last month, but
the pork import forecast is raised. Beef and pork export forecasts are unchanged for 2020
and 2021. Broiler and turkey exports for 2020 and 2021 are raised on recent trade data and
anticipated strong global import demand from key trading partners.
The cattle price forecast for 2020 is reduced on current price weakness but is raised for
2021. The fourth-quarter hog price is raised on recent prices; no change is made to 2021
hog prices. The 2020 and 2021 broiler price forecasts are raised from last month on current
prices and lower supply expectations. The 2020 turkey price is reduced, but no change is
made to the 2021 forecast. The egg price forecasts for 2020 and 2021 are lowered on recent
prices and expectations of weaker demand.
Milk production is projected higher for 2020, on higher cow numbers. The 2020 fat basis
import forecast is reduced on lower imports of butterfat products while the fat basis export
forecast is lowered on weaker foreign demand for cheese. The 2020 skim-solids basis
import forecast is unchanged, but the export forecast is raised on strong global demand for
whey and whey products. For 2021, milk production is raised on higher cow numbers. The
fat basis import forecast is reduced on lower expected imports of a number of dairy products,
but the export forecast is raised. The skim-solids basis import forecast is unchanged, but the
export forecast is raised on larger shipments of nonfat dry milk powder and dry whey
products.
Based on recent price movements, cheese and butter price forecasts for 2020 are lowered,
but the whey price is raised. The nonfat dry milk (NDM) price is unchanged. For 2021,
cheese and butter price forecasts are reduced on weaker expected demand and larger
supplies, but NDM and whey prices are raised. The 2020 Class III price forecast is lowered
as the weaker cheese price more than offsets higher whey price projections; the Class IV
price is also lowered from last month on the lower butter price. For 2021, forecasts of both
Class III and Class IV are reduced from last month on weaker prices for cheese and butter
respectively. The 2020 all milk price is unchanged at $18.25 per cwt; the 2021 all milk price
is lowered to $16.60 per cwt.
COTTON: This month’s outlook for U.S. cotton includes lower production, higher exports,
and lower ending stocks. Production is lowered 1.1 million bales, mainly due to a 900,000-
bale reduction in Texas. Domestic mill use is unchanged, but exports are raised 400,000
WASDE-607-5
bales to 15.0 million as world consumption and U.S. export sales rise. Ending stocks are 1.5
million bales lower, at 5.7 million or 33 percent of use. This stocks-to-use ratio would be 8
percentage points lower than in 2019/20, and the second highest since 2007/08. Upland
cotton’s projected 2020/21 season-average price is 65.0 cents per pound, 1 cent higher than
last month and 5.4 cents above 2019/20.
Projected world 2020/21 ending stocks are 3.9 million bales lower this month, reflecting lower
production and higher consumption. A 2.2-million-bale decline in global production is led by
lower U.S. output and includes 500,000-bale reductions in both India and Pakistan, in
addition to other smaller adjustments. Consumption is projected 1.6 million bales higher, and
at 115.6 million bales, is expected 13 percent above 2019/20’s depressed level. Compared
to last month, 2020/21 consumption forecasts are 1.0 million bales higher for India and
500,000 bales higher for China, with smaller changes for Pakistan and Thailand. World trade
in 2020/21 is projected more than 300,000 bales higher this month, with increased imports
for China and Pakistan more than offsetting lower forecasts for Bangladesh, Thailand, and
Indonesia. World ending stocks are now forecast at 97.5 million bales, 1.9 million lower than
in 2019/20.
Approved by the Secretary of Agriculture and 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:
BILL NORTHEY
SECRETARY OF AGRICULTURE DESIGNATE
WASDE-607-6
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, (Acting) ICEC Chair, WAOB, mark.simone@usda.gov

Jennifer Bond, ERS; Graham Soley, FAS; Pete Riley, FPAC.
Rice: Mark Simone, (Acting) ICEC Chair, WAOB, mark.simone@usda.gov

Nathan Childs, ERS; Rachel Trego, FAS; Vidalina Abadam, FPAC.
Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael.jewison2@usda.gov

Michael McConnell, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC.
Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith.menzie@usda.gov

Mark Ash, ERS; Bill George, FAS; Gustavo Ferreira, FPAC.
Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3@usda.gov

Leslie Meyer, ERS; James Johnson, FAS; Kent Lanclos, FPAC.
Sugar: Stephen Haley, ICEC Chair, WAOB, stephen.haley2@usda.gov

Andrew Sowell, ERS; Souleymane Diaby, FAS; Barbara Fecso, FPAC.
Meat Animals: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

Sherry Wise, AMS; Mildred Haley, ERS; Jacob Vuillemin, FAS; Georgi Gabrielyan, FPAC.
Poultry: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Georgi Gabrielyan, FPAC.
Dairy: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Georgi Gabrielyan, FPAC.
In 2021, the WASDE report will be released on Jan 12, Feb 9, Mar 9, Apr 9,
May 12, Jun 10, Jul 12, Aug 12, Sep 10, Oct 12, Nov 9, and Dec 9.
WASDE-607-7
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
December 2020
WASDE - 607 - 8
World and U.S Supply and Use for Grains 1/

Million Metric Tons
Total Total Ending
World Output Trade 2/
Supply Use 3/ Stocks
Total Grains 4/ 2018/19 2625.53 3447.91 430.38 2640.07 807.84

2019/20 (Est.) 2672.06 3479.89 442.30 2669.50 810.39
filler filler filler filler filler
2020/21 (Proj.) Nov 2721.23 3531.60 458.86 2709.94 821.66

2020/21 (Proj.) Dec 2722.68 3533.07 465.83 2718.78 814.29
Wheat 2018/19 730.90 1018.86 173.67 734.75 284.11

2019/20 (Est.) 764.50 1048.61 191.46 747.98 300.62
2020/21 (Proj.) Nov 772.38 1073.13 190.79 752.68 320.45

2020/21 (Proj.) Dec 773.66 1074.29 193.65 757.78 316.50
Coarse Grains 5/ 2018/19 1397.60 1767.78 212.81 1420.95 346.83

2019/20 (Est.) 1411.46 1758.29 208.06 1426.74 331.55
2020/21 (Proj.) Nov 1447.75 1779.45 223.77 1458.02 321.43

2020/21 (Proj.) Dec 1447.82 1779.37 226.90 1460.56 318.80
Rice, milled 2018/19 497.04 661.26 43.89 484.37 176.89

2019/20 (Est.) 496.11 673.00 42.79 494.78 178.22
2020/21 (Proj.) Nov 501.11 679.02 44.30 499.24 179.78

2020/21 (Proj.) Dec 501.20 679.42 45.29 500.44 178.98
Total Total Ending

United States
Output Supply Trade 2/ Use 3/ Stocks
Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28

2019/20 (Est.) 417.88 516.31 79.77 353.91 82.63
2020/21 (Proj.) Nov 439.62 529.52 103.70 354.07 71.76

2020/21 (Proj.) Dec 439.62 529.36 104.33 353.64 71.39
Wheat 2018/19 51.31 84.88 25.50 29.99 29.39

2019/20 (Est.) 52.58 84.83 26.28 30.57 27.98
2020/21 (Proj.) Nov 49.69 81.07 26.54 30.67 23.86

2020/21 (Proj.) Dec 49.69 80.93 26.81 30.67 23.45
Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47

2019/20 (Est.) 359.43 423.01 50.51 318.77 53.74
2020/21 (Proj.) Nov 382.75 439.18 74.08 318.77 46.32

2020/21 (Proj.) Dec 382.75 439.18 74.51 318.35 46.32
Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42

2019/20 (Est.) 5.86 8.47 2.99 4.57 0.91
2020/21 (Proj.) Nov 7.18 9.27 3.08 4.62 1.57

2020/21 (Proj.) Dec 7.18 9.25 3.02 4.62 1.61
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).
December 2020
WASDE - 607 - 9
World and U.S. Supply and Use for Grains, Continued 1/

Million Metric Tons
Total Total Ending
Foreign 3/
Output Supply Trade 2/ Use Stocks
Total Grains 4/ 2018/19 2,189.21 2,915.61 346.93 2,282.50 716.56

2019/20 (Est.) 2,254.18 2,963.58 362.53 2,315.59 727.77
2020/21 (Proj.) Nov 2,281.61 3,002.08 355.17 2,355.87 749.90

2020/21 (Proj.) Dec 2,283.06 3,003.71 361.50 2,365.14 742.90
Wheat 2018/19 679.59 933.98 148.17 704.76 254.73

2019/20 (Est.) 711.91 963.78 165.18 717.41 272.65
2020/21 (Proj.) Nov 722.68 992.06 164.26 722.01 296.59

2020/21 (Proj.) Dec 723.97 993.35 166.84 727.11 293.05
Coarse Grains 5/ 2018/19 1,019.69 1,329.32 157.84 1,097.93 286.36

2019/20 (Est.) 1,052.02 1,335.28 157.55 1,107.97 277.81
2020/21 (Proj.) Nov 1,065.00 1,340.27 149.69 1,139.24 275.11

2020/21 (Proj.) Dec 1,065.07 1,340.19 152.39 1,142.21 272.48
Rice, milled 2018/19 489.93 652.30 40.92 479.80 175.47

2019/20 (Est.) 490.24 664.52 39.80 490.20 177.31
2020/21 (Proj.) Nov 493.93 669.75 41.22 494.62 178.20

2020/21 (Proj.) Dec 494.02 670.17 42.27 495.82 177.37
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
Total Total Ending
Output Supply Trade 2/ Use 3/ Stocks
World 2018/19 118.58 199.69 41.64 120.16 80.27

2019/20 (Est.) 122.14 202.41 40.98 102.23 99.42
2020/21 (Proj.) Nov 116.11 215.70 42.87 114.05 101.44

2020/21 (Proj.) Dec 113.90 213.32 43.21 115.63 97.52
United States 2018/19 18.37 22.57 14.84 2.98 4.85

2019/20 (Est.) 19.91 24.77 15.53 2.15 7.25
2020/21 (Proj.) Nov 17.09 24.35 14.60 2.50 7.20

2020/21 (Proj.) Dec 15.95 23.20 15.00 2.50 5.70
Foreign 4/ 2018/19 100.21 177.12 26.81 117.19 75.42

2019/20 (Est.) 102.22 177.64 25.45 100.08 92.17
2020/21 (Proj.) Nov 99.02 191.36 28.27 111.55 94.24

2020/21 (Proj.) Dec 97.95 190.12 28.21 113.13 91.82
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.
December 2020
WASDE - 607 - 10
World and U.S. Supply and Use for Oilseeds 1/

(Million Metric Tons)
Total Total Ending
World
Output Supply Trade Use 2/ Stocks
Oilseeds 2018/19 600.01 716.93 170.90 489.04 132.24

2019/20 (Est.) 576.44 708.67 190.04 506.23 110.68
2020/21 (Proj.) Nov 597.28 707.38 190.84 511.15 98.57

2020/21 (Proj.) Dec 595.68 706.36 191.80 511.73 97.76
Oilmeals 2018/19 332.97 350.69 94.18 328.97 16.24

2019/20 (Est.) 344.65 360.89 94.01 342.02 13.90
2020/21 (Proj.) Nov 351.51 364.92 92.29 349.63 11.50

2020/21 (Proj.) Dec 351.99 365.88 92.12 350.37 11.62
Vegetable Oils 2018/19 203.56 226.83 85.99 199.64 22.66

2019/20 (Est.) 207.20 229.86 86.66 202.81 22.77
2020/21 (Proj.) Nov 208.71 230.56 85.72 207.69 18.96

2020/21 (Proj.) Dec 209.14 231.91 86.04 207.94 20.10
United States Output

Total
Supply Trade
Total
/Us e 2
Ending
Stocks
Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54

2019/20 (Est.) 106.98 134.74 46.89 63.10 15.94
2020/21 (Proj.) Nov 123.98 141.07 61.15 63.57 6.87

2020/21 (Proj.) Dec 123.67 140.76 61.08 63.99 6.46
Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42

2019/20 (Est.) 48.80 53.34 13.06 39.89 0.39
2020/21 (Proj.) Nov 49.06 53.30 12.55 40.34 0.41

2020/21 (Proj.) Dec 49.37 53.78 12.98 40.39 0.41
Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16

2019/20 (Est.) 12.66 18.75 1.51 16.04 1.21
2020/21 (Proj.) Nov 12.81 18.99 1.41 16.37 1.21

2020/21 (Proj.) Dec 12.92 19.10 1.48 16.37 1.25
Foreign 3/ Output
Total
Supply Trade
Total
Us e 2/
Ending
Stocks
Oilseeds 2018/19 469.30 571.27 122.08 428.00 105.70

2019/20 (Est.) 469.46 573.94 143.15 443.13 94.75
2020/21 (Proj.) Nov 473.30 566.31 129.69 447.58 91.70

2020/21 (Proj.) Dec 472.01 565.60 130.72 447.74 91.30
Oilmeals 2018/19 286.44 299.67 81.68 290.86 15.82

2019/20 (Est.) 295.85 307.56 80.95 302.13 13.51
2020/21 (Proj.) Nov 302.45 311.62 79.75 309.29 11.09

2020/21 (Proj.) Dec 302.62 312.10 79.14 309.97 11.21
Vegetable Oils 2018/19 191.36 208.69 84.90 183.76 21.50

2019/20 (Est.) 194.54 211.12 85.15 186.78 21.56
2020/21 (Proj.) Nov 195.90 211.58 84.32 191.33 17.75

2020/21 (Proj.) Dec 196.22 212.81 84.56 191.57 18.85
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.
December 2020
WASDE - 607 - 11
U.S. Wheat Supply and Use 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

Nov Dec
Million Acres
Area Planted 47.8 45.5 44.3 44.3
Area Harvested 39.6 37.4 36.7 36.7
Bushels
Yield per Harvested Acre 47.6 51.7 49.7 49.7
Million Bushels
Beginning Stocks 1,099 1,080 1,028 1,028
Production 1,885 1,932 1,826 1,826
Imports 135 105 125 120
Supply, Total 3,119 3,117 2,979 2,974
Food 954 962 965 965
Seed 59 60 62 62
Feed and Residual 88 101 100 100
Domestic, Total 1,102 1,123 1,127 1,127
Exports 937 965 975 985
Use, Total 2,039 2,089 2,102 2,112
Ending Stocks 1,080 1,028 877 862
Avg. Farm Price ($/bu) 2/ 5.16 4.58 4.70 4.70
U.S. Wheat by Class: Supply and Use

Hard Red Hard Red Soft Red
Year beginning June 1
Winter Spring Winter White Durum Total
Million Bushels
2019/20 (Est.) Beginning Stocks 516 263 158 88 55 1,080
Production 845 520 240 273 54 1,932
Supply, Total 3/ 1,363 836 402 367 150 3,117
Domestic Use 480 288 204 85 66 1,123
Exports 376 268 92 187 42 965
Use, Total 857 556 297 272 108 2,089
Ending Stocks, Total 506 280 105 95 42 1,028
2020/21 (Proj.) Beginning Stocks 506 280 105 95 42 1,028

Production 659 530 266 302 69 1,826
Supply, Total 3/ 1,167 870 379 405 153 2,974
Domestic Use 424 317 200 95 92 1,127
Exports 395 270 75 215 30 985
Use, Total 819 587 275 310 122 2,112
Ending Stocks, Total Dec 348 284 105 95 31 862
Ending Stocks, Total Nov 338 284 107 115 34 877
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.
December 2020
WASDE - 607 - 12
U.S. Feed Grain and Corn Supply and Use 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

FEED GRAINS
Nov Dec
Million Acres
Area Planted 99.9 100.6 102.4 102.4
Area Harvested 89.2 89.1 90.7 90.7
Metric Tons
Million Metric Tons
Beginning Stocks 57.9 60.5 53.7 53.7
Production 377.7 359.2 382.5 382.5
Imports 2.3 2.8 2.4 2.4
Supply, Total 437.9 422.4 438.6 438.6
Feed and Residual 142.9 152.5 148.5 148.5
Food, Seed & Industrial 179.6 165.7 169.7 169.3
Domestic, Total 322.5 318.2 318.2 317.8
Exports 55.0 50.5 74.1 74.5
Use, Total 377.5 368.7 392.3 392.3
Ending Stocks 60.5 53.7 46.3 46.3
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
CORN
November December
Million Acres
Area Planted 88.9 89.7 91.0 91.0
Area Harvested 81.3 81.3 82.5 82.5
Bushels
Million Bushels
Production 14,340 13,620 14,507 14,507
Imports 28 42 25 25
Supply, Total 16,509 15,883 16,527 16,527
Feed and Residual 5,429 5,827 5,700 5,700
Food, Seed & Industrial 2/ 6,793 6,282 6,475 6,475
Ethanol & by-products 3/ 5,378 4,852 5,050 5,050
Domestic, Total 12,222 12,109 12,175 12,175
Exports 2,066 1,778 2,650 2,650
Use, Total 14,288 13,887 14,825 14,825
Ending Stocks 2,221 1,995 1,702 1,702
Avg. Farm Price ($/bu) 4/ 3.61 3.56 4.00 4.00
Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for
barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the
Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to
produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-
year weighted average price received by farmers.
December 2020
WASDE - 607 - 13
U.S. Sorghum, Barley, and Oats Supply and Use 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

SORGHUM
Nov Dec
Million Bushels
Filler Filler Filler Filler Filler
Area Planted (mil. acres) 5.7 5.3 5.8 5.8

Area Harvested (mil. acres) 5.1 4.7 5.0 5.0
Yield (bushels/acre) 72.1 73.0 74.2 74.2
Beginning Stocks 35 64 29 29
Production 365 341 371 371
Imports 0 0 0 0
Supply, Total 400 405 400 400
Food, Seed & Industrial 106 75 40 25
Total Domestic 244 172 110 95
Exports 93 204 260 275
Use, Total 336 376 370 370
Ending Stocks 64 29 30 30
Avg. Farm Price ($/bu) 2/ 3.26 3.34 4.05 4.40
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
BARLEY
November December

Production 154 172 165 165
Imports 6 7 7 7
Supply, Total 254 266 253 253
Exports 5 6 6 8
Use, Total 167 186 174 174
Avg. Farm Price ($/bu) 2/ 4.62 4.69 4.55 4.55
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
OATS
November December

Production 56 53 65 65
Imports 86 92 94 94
Supply, Total 184 183 196 196
Exports 2 2 2 2
Use, Total 146 146 156 156
Avg. Farm Price ($/bu) 2/ 2.66 2.82 2.70 2.70
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.
December 2020
WASDE - 607 - 14
U.S. Rice Supply and Use 1/

(Rough Equivalent of Rough and Milled Rice)
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.
TOTAL RICE
Nov Dec
Million Acres
Area Planted 2.95 2.54 3.04 3.04
Area Harvested
Filler
2.91 2.47 2.99 2.99
Pounds
Yield per Harvested Acre 7,692 7,471 7,560 7,560
Million Hundredweight
Beginning Stocks 2/ 29.4 44.9 28.7 28.7
Production 223.8 184.7 226.1 226.1
Imports 29.0 37.3 37.3 36.5
Supply, Total 282.2 266.8 292.0 291.3
Domestic & Residual 3/ 143.8 144.0 145.5 145.5
Exports, Total 4/ 93.6 94.2 97.0 95.0
Rough 33.3 31.2 35.0 34.0
Milled (rough equiv.) 60.3 62.9 62.0 61.0
Use, Total 237.3 238.2 242.5 240.5
Ending Stocks 44.9 28.7 49.5 50.8
Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00
Avg. Farm Price ($/cwt) 6/
Total
12.60 13.50 12.90 13.10
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
LONG-GRAIN RICE
November December
Harvested Acres (mil.) 2.18 1.73

Yield (pounds/acre) 7,517 7,261
Production 163.6 125.6 169.8 169.8
Supply, Total 7/ 207.3 188.0 216.2 216.2
Exports 8/ 66.2 64.6 69.0 67.0
Use, Total 174.7 171.1 180.0 178.0
Ending Stocks 32.6 16.9 36.2 38.2
Filler
Avg. Farm Price ($/cwt) 6/ 10.80 Filler
12.00 Filler
11.70 Filler
11.80 Filler
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
MEDIUM & SHORT-GRAIN RICE

November December
Harvested Acres (mil.) 0.73 0.74

Yield (pounds/acre) 8,209 7,960
Production 60.3 59.1 56.3 56.3
Supply, Total 7/ 72.8 77.8 74.8 74.0
Exports 8/ 27.3 29.6 28.0 28.0
Use, Total 62.6 67.1 62.5 62.5
Ending Stocks 10.2 10.7 12.3 11.5
Avg. Farm Price ($/cwt) 1/ 6/ 9/ 18.50 17.80 16.60 16.80
California 10/ 21.10 20.60 18.80 19.00
Filler
Other States 1/ 12.30 Filler
11.60 Filler
11.80 Filler
12.00 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): 2015/16-2.9; 2016/17-3.5; 2017/18-1.4. 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 medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is
not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may
differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $1.00 per cwt from 2014/15-2018/19,
with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1.
December 2020
WASDE - 607 - 15
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

SOYBEANS
Nov Dec
Million Acres
Area Planted 89.2 76.1 83.1 83.1
Area Harvested 87.6 74.9 82.3 82.3
Filler
Bushels
Million Bushels
Production 4,428 3,552 4,170 4,170
Imports 14 15 15 15
Supply, Total 4,880 4,476 4,709 4,709
Crushings 2,092 2,165 2,180 2,195
Exports 1,752 1,676 2,200 2,200
Seed 88 96 103 103
Residual 39 16 35 35
Use, Total 3,971 3,953 4,519 4,534
Avg. Farm Price ($/bu) 2/ 8.48 8.57 10.40 10.55
Total
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
SOYBEAN OIL
November December
Million Pounds
Production 4/ 24,197 24,912 25,265 25,440
Imports 397 319 350 350
Supply, Total 26,590 27,006 27,464 27,639
Domestic Disappearance 22,874 22,319 23,000 23,000
Biodiesel 3/ 7,863 7,858 8,100 8,100
Food, Feed & other Industrial 15,011 14,461 14,900 14,900
Exports 1,940 2,839 2,600 2,750
Use, Total 24,815 25,158 25,600 25,750
Ending stocks 1,775 1,849 1,864 1,889
Avg. Price (c/lb) 2/ 28.26 29.65 34.50 36.00
Total
2018/19 2019/20 Es t. 2020/21 Pro j. 2020/21 Pro j.
SOYBEAN MEAL
November December
Filler 1 2 3 4
Thousand Short Tons

Production 4/ 48,814 51,100 51,409 51,709
Imports 683 639 400 600
Supply, Total 50,052 52,142 52,150 52,650
Domestic Disappearance 36,212 37,723 38,300 38,300
Exports 13,438 14,077 13,500 14,000
Use, Total 49,650 51,800 51,800 52,300
Avg. Price ($/s.t.) 2/ 308.28 299.50 355.00 370.00
Total
Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for
soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers;
oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made
from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,173 million bushels
for 2019/20 and 2,195 million bushels for 2020/21.
December 2020
WASDE - 607 - 16
U.S. Sugar Supply and Use 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

Nov Dec
1,000 Short Tons,Raw Value

Production 2/ 8,999 8,149 9,001 8,960
Beet Sugar 4,939 4,351 4,899 4,859
Cane Sugar 4,060 3,798 4,101 4,101
Florida 2,005 2,106 2,135 2,135
Hawaii 0 0 0 0
Louisiana 1,907 1,566 1,824 1,824
Texas 147 126 142 142
Imports 3,070 4,154 3,025 3,428
TRQ 3/ 1,541 2,071 1,711 1,808
Other Program 4/ 438 432 350 350
Other 5/ 1,092 1,651 963 1,270
Mexico 1,000 1,376 888 1,160
Total Supply 14,077 14,085 13,649 14,006
Exports 35 61 35 35
Deliveries 12,231 12,333 12,305 12,305
Food 12,106 12,235 12,200 12,200
Other 6/ 126 98 105 105
Miscellaneous 28 74 0 0
Total Use 12,294 12,468 12,340 12,340
Ending Stocks 1,783 1,618 1,309 1,666
Stocks to Use Ratio 14.5 13.0 10.6 13.5
Total
1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data"
(SMD). 2/ Production projections for 2019/20 and 2020/21 are based on Crop Production and/or processor
projections/industry data and/or sugar ICEC analysis where appropriate. 3/ For 2019/20, WTO raw sugar TRQ shortfall
(84) and for 2020/21 (99). 4/ Composed of sugar under the re-export and polyhydric alcohol programs. 5/ Imports from
Mexico; and high-tier tariff sugar and syrups not otherwise specified -- for 2019/20 (275) and 2020/21 (110). 6/ 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 WASDE-
reported deliveries: 2018/19 -- 374; estimated 2019/20 -- 340; projected 2020/21 -- 353.
Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/
Beginning Ending
Stocks Production Imports Domestic 2/ Exports Stocks
Sugar 1,000 Metric Tons, Actual Weight

2019/20 Est. Nov 1,169 5,278 77 4,455 1,212 858
2019/20 Est. Dec 1,169 5,278 77 4,455 1,212 858
2020/21 Proj. Nov 858 5,950 86 4,488 1,471 935

2020/21 Proj. Dec 858 5,950 105 4,488 1,490 935
1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2018/19 = 1,528; Estimated 2019/20 = 1,388; Projected
2020/21 = 1,377; Estimated Oct-Oct 2020/21 = 118; Estimated Oct-Oct 2019/20 = 120. 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: 2019/20 (352 est
=330 dom.+23 import); 2020/21 (415 proj =350 dom.+65 import). Statistical Adjustments: 2019/20 (1), 2020/21 (0).
December 2020
WASDE - 607 - 17
U.S. Cotton Supply and Use 1/
2018/19 2019/20 Est. 2020/21 Proj. 2020/21 Proj.

Nov Dec
Area Million Acres

Planted 14.10 13.74 12.12 12.12
Harvested 9.99 11.61 9.01 9.01
Filler
Pounds
Yield per Harvested Acre 882 823 911 850
Million 480 Pound Bales
Production 18.37 19.91 17.09 15.95
Imports 0.00 0.00 0.00 0.00
Supply, Total 22.57 24.77 24.35 23.20
Domestic Use 2.98 2.15 2.50 2.50
Exports, Total 14.84 15.53 14.60 15.00
Use, Total 17.81 17.68 17.10 17.50
Unaccounted 2/ -0.09 -0.16 0.05 0.00
Ending Stocks 4.85 7.25 7.20 5.70
Avg. Farm Price 3/ 70.3 59.6 64.0 65.0
Total
Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals
may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending
stocks. 3/ Cents per pound for upland cotton.
December 2020
WASDE - 607 - 18
World Wheat Supply and Use 1/

Beginning Domestic Domestic Ending
2018/19 Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 287.97 730.90 171.12 139.20 734.75 173.67 284.11
World Less China 156.77 599.47 167.98 119.20 609.75 172.67 144.35
United States 29.91 51.31 3.66 2.39 29.99 25.50 29.39
Total Foreign 258.06 679.59 167.46 136.81 704.76 148.17 254.73
Major Exporters 4/ 43.93 302.77 7.31 81.91 194.75 120.77 38.50
Argentina 0.47 19.50 0.01 0.05 6.05 12.19 1.74
Australia 5.55 17.60 0.50 5.70 9.20 9.01 5.44
Canada 6.73 32.35 0.48 4.16 9.15 24.38 6.04
European Union 5/ 17.94 136.58 5.76 51.50 121.05 23.31 15.92
Russia 12.01 71.69 0.45 18.00 40.50 35.86 7.78
Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59
Major Importers 6/ 177.34 199.78 111.72 37.99 294.01 12.44 182.39
Bangladesh 2.23 1.10 5.10 0.28 7.18 0.00 1.26
Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06
China 131.20 131.43 3.15 20.00 125.00 1.01 139.77
Japan 1.23 0.86 5.73 0.70 6.45 0.29 1.08
N. Africa 7/ 14.87 21.00 26.96 2.25 46.10 1.19 15.53
Nigeria 0.20 0.06 4.66 0.05 4.32 0.40 0.20
Sel. Mideast 8/ 15.27 17.88 17.23 3.45 37.70 0.63 12.05
Southeast Asia 9/ 5.51 0.00 26.72 7.94 25.29 1.07 5.87
Selected Other
India 13.23 99.87 0.02 5.00 95.63 0.50 16.99
Kazakhstan 2.54 13.95 0.09 1.80 6.60 8.30 1.68
2019/20 Est. Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 284.11 764.50 185.26 139.16 747.98 191.46 300.62
World Less China 144.35 630.91 179.89 120.16 621.98 190.41 148.94
United States 29.39 52.58 2.86 2.76 30.57 26.28 27.98
Total Foreign 254.73 711.91 182.40 136.40 717.41 165.18 272.65
Major Exporters 4/ 38.50 324.92 6.80 81.21 195.26 141.19 33.78
Argentina 1.74 19.76 0.01 0.05 6.30 13.50 1.70
Australia 5.44 15.20 0.89 5.00 8.50 9.14 3.90
Canada 6.04 32.67 0.68 4.16 9.26 24.63 5.50
European Union 5/ 15.92 154.51 4.80 52.50 122.50 38.43 14.30
Russia 7.78 73.61 0.33 17.00 40.00 34.49 7.23
Ukraine 1.59 29.17 0.10 2.50 8.70 21.01 1.15
Major Importers 6/ 182.39 202.53 122.16 36.79 297.49 12.74 196.85
Bangladesh 1.26 1.20 6.80 0.30 7.40 0.00 1.86
Brazil 1.06 5.20 7.20 0.50 12.10 0.42 0.94
China 139.77 133.59 5.38 19.00 126.00 1.05 151.68
Japan 1.08 1.10 5.68 0.65 6.37 0.29 1.20
N. Africa 7/ 15.53 18.40 27.74 1.85 46.25 1.06 14.36
Nigeria 0.20 0.06 5.34 0.05 4.90 0.40 0.30
Sel. Mideast 8/ 12.05 22.19 17.71 3.60 38.47 0.78 12.70
Southeast Asia 9/ 5.87 0.00 26.45 7.64 25.15 1.08 6.09
Selected Other
India 16.99 103.60 0.02 6.00 96.11 0.51 23.99
Kazakhstan 1.68 11.45 0.58 1.30 6.10 6.99 0.63
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.
December 2020
WASDE - 607 - 19
World Wheat Supply and Use 1/ (Cont'd.)

2020/21 Proj. Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ Nov 300.76 772.38 187.62 137.13 752.68 190.79 320.45

Dec 300.62 773.66 189.19 141.03 757.78 193.65 316.50
World Less China Nov 149.07 636.38 179.62 116.13 621.68 189.79 156.77
Dec 148.94 637.66 180.69 117.03 623.78 192.65 155.32
United States Nov 27.98 49.69 3.40 2.72 30.67 26.54 23.86
Dec 27.98 49.69 3.27 2.72 30.67 26.81 23.45
Total Foreign Nov 272.78 722.68 184.22 134.41 722.01 164.26 296.59
Dec 272.65 723.97 185.93 138.31 727.11 166.84 293.05
Major Exporters 4/ Nov 33.82 327.05 6.93 77.05 190.35 139.50 37.95
Dec 33.78 328.48 7.53 77.95 191.25 142.00 36.54
Argentina Nov 1.70 18.00 0.01 0.05 6.05 12.50 1.16
Dec 1.70 18.00 0.01 0.05 6.05 12.50 1.16
Australia Nov 3.49 28.50 0.20 4.00 7.50 19.00 5.69
Dec 3.90 30.00 0.50 4.50 8.00 20.00 6.40
Canada Nov 5.50 35.00 0.45 4.50 9.70 25.00 6.25
Dec 5.50 35.18 0.45 4.40 9.60 26.00 5.53
European Union 5/ Nov 14.75 136.55 5.70 48.50 118.00 26.00 13.00
Dec 14.30 135.80 6.00 49.00 118.50 26.00 11.60
Russia Nov 7.23 83.50 0.50 18.00 41.00 39.50 10.73
Dec 7.23 84.00 0.50 18.00 41.00 40.00 10.73
Ukraine Nov 1.15 25.50 0.08 2.00 8.10 17.50 1.12
Dec 1.15 25.50 0.08 2.00 8.10 17.50 1.12
Major Importers 6/ Nov 196.75 205.17 122.85 38.31 304.41 12.88 207.48
Dec 196.85 204.87 123.65 41.51 307.61 12.78 204.98
Bangladesh Nov 1.86 1.25 6.60 0.30 7.50 0.00 2.21
Dec 1.86 1.25 6.60 0.30 7.50 0.00 2.21
Brazil Nov 0.94 6.60 6.70 0.50 12.20 0.70 1.34
Dec 0.94 6.30 6.70 0.50 12.20 0.60 1.14
China Nov 151.68 136.00 8.00 21.00 131.00 1.00 163.68
Dec 151.68 136.00 8.50 24.00 134.00 1.00 161.18
Japan Nov 1.20 1.10 5.60 0.60 6.30 0.28 1.32
Dec 1.20 1.10 5.60 0.60 6.30 0.28 1.32
N. Africa 7/ Nov 14.36 16.64 29.70 1.75 46.95 0.99 12.76
Dec 14.36 16.64 29.70 1.75 46.95 0.99 12.76
Nigeria Nov 0.30 0.06 5.10 0.05 4.76 0.40 0.30
Dec 0.30 0.06 5.10 0.05 4.76 0.40 0.30
Sel. Mideast 8/ Nov 12.70 22.20 18.20 3.62 39.41 0.67 13.02
Dec 12.70 22.20 18.20 3.62 39.41 0.67 13.02
Southeast Asia 9/ Nov 5.99 0.00 26.35 7.39 25.24 1.09 6.01
Dec 6.09 0.00 26.35 7.59 25.44 1.09 5.91
Selected Other
India Nov 23.99 107.59 0.03 6.50 99.50 1.00 31.11
Dec 23.99 107.59 0.03 6.50 99.50 1.00 31.11
Kazakhstan Nov 0.63 12.50 0.20 1.40 6.20 6.50 0.63
Dec 0.63 12.50 0.20 1.20 5.90 6.70 0.73
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,
December 2020
WASDE - 607 - 20
World Coarse Grain Supply and Use 1/

World 3/ 370.19 1,397.60 194.32 852.53 1,420.95 212.81 346.83

World Less China 147.21 1,133.64 183.78 657.08 1,133.94 212.74 136.44
United States 57.92 377.91 2.63 143.09 323.02 54.97 60.47
Total Foreign 312.27 1,019.69 191.69 709.44 1,097.94 157.84 286.36
Major Exporters 4/ 27.12 293.19 5.65 127.91 172.32 134.04 19.60
Argentina 3.37 59.22 0.00 12.28 18.09 40.89 3.61
Australia 2.29 11.51 0.01 5.29 7.30 4.08 2.43
Brazil 9.71 104.33 2.32 59.95 70.98 39.72 5.65
Canada 4.57 26.20 2.62 16.18 24.10 5.98 3.30
Russia 1.37 35.00 0.05 18.80 27.37 7.84 1.22
Ukraine 2.91 44.50 0.06 8.33 11.36 34.07 2.05
Major Importers 5/ 39.30 243.72 144.25 294.80 379.72 11.12 36.44
European Union 6/ 15.66 148.26 26.49 126.00 168.19 8.83 13.39
Japan 1.80 0.18 17.73 13.84 17.95 0.00 1.75
Mexico 6.18 33.40 17.36 31.27 50.51 0.72 5.71
N. Afr & Mideast 7/ 7.80 31.09 39.90 62.17 70.48 0.89 7.41
Saudi Arabia 2.63 0.29 10.17 10.75 11.13 0.00 1.97
Southeast Asia 8/ 2.56 30.19 17.04 37.89 45.72 0.68 3.38
South Korea 1.86 0.23 10.96 8.59 11.20 0.00 1.86
Selected Other
China 222.98 263.96 10.54 195.45 287.01 0.07 210.40
2019/20 Est. Beginning
Stocks Production Imports
Domes tic
Feed
Domes tic
Total 2/ Exports
Ending
Stocks
World 3/ 346.83 1,411.46 200.63 878.32 1,426.74 208.06 331.55

World Less China 136.44 1,143.25 183.14 677.50 1,131.67 208.01 130.56
United States 60.47 359.43 3.11 152.70 318.77 50.51 53.74
Total Foreign 286.36 1,052.02 197.52 725.61 1,107.98 157.55 277.81
Major Exporters 4/ 19.60 306.28 4.20 133.92 178.55 129.05 22.49
Argentina 3.61 58.13 0.01 12.12 17.68 40.11 3.96
Australia 2.43 10.44 0.01 4.93 6.90 3.72 2.26
Brazil 5.65 105.57 1.91 61.51 72.64 35.01 5.48
Canada 3.30 28.61 1.92 17.50 24.85 5.01 3.98
Russia 1.22 40.50 0.18 22.29 31.39 8.63 1.87
Ukraine 2.05 46.55 0.03 8.69 11.87 34.08 2.68
Major Importers 5/ 36.44 257.47 142.30 297.93 384.21 15.76 36.25
European Union 6/ 13.39 161.98 19.29 124.43 167.54 13.38 13.74
Japan 1.75 0.22 17.63 13.83 17.90 0.00 1.70
Mexico 5.71 31.91 17.48 30.85 50.28 1.03 3.80
N. Afr & Mideast 7/ 7.41 33.34 41.66 65.07 73.54 0.74 8.13
Saudi Arabia 1.97 0.27 11.33 11.15 11.51 0.00 2.06
Southeast Asia 8/ 3.38 29.40 18.27 38.55 46.62 0.61 3.82
South Korea 1.86 0.28 11.99 9.55 12.10 0.00 2.03
Selected Other
China 210.40 268.20 17.50 200.82 295.07 0.04 200.98
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/ The 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.
December 2020
WASDE - 607 - 21
World Coarse Grain Supply and Use 1/ (Cont'd.)

World 3/ Nov 331.70 1,447.75 216.06 896.81 1,458.02 223.77 321.43

Dec 331.55 1,447.82 219.28 900.52 1,460.56 226.90 318.80
World Less China Nov 130.72 1,180.37 190.01 690.81 1,155.74 223.70 129.37
Dec 130.56 1,180.44 188.43 690.12 1,153.78 226.83 126.44
Dec 53.74 382.75 2.69 148.68 318.35 74.51 46.32
Total Foreign Nov 277.96 1,065.00 213.37 748.14 1,139.24 149.69 275.11
Dec 277.81 1,065.07 216.60 751.84 1,142.21 152.39 272.48
Dec 22.49 310.40 4.21 138.42 183.90 128.06 25.14
Argentina Nov 2.96 57.03 0.01 13.46 19.12 37.11 3.77
Dec 3.96 56.43 0.01 13.46 19.12 37.51 3.77
Australia Nov 2.38 14.26 0.00 6.08 8.15 5.35 3.14
Dec 2.26 14.76 0.00 6.28 8.35 5.95 2.72
Brazil Nov 5.97 113.41 2.20 63.08 74.22 39.01 8.35
Dec 5.48 113.41 2.20 63.08 74.22 39.01 7.86
Canada Nov 3.98 29.60 1.76 17.47 25.25 5.70 4.39
Dec 3.98 29.51 1.81 17.48 25.26 6.00 4.05
Russia Nov 1.86 40.93 0.07 22.83 32.03 8.68 2.15
Dec 1.87 40.93 0.07 22.83 32.03 8.68 2.16
Ukraine Nov 2.46 37.71 0.02 8.20 11.40 26.61 2.18
Dec 2.68 38.71 0.02 8.20 11.40 28.11 1.91
Dec 36.25 260.61 145.42 306.62 393.96 11.37 36.95
Dec 13.74 162.19 19.26 128.00 171.94 9.04 14.19
Japan Nov 1.70 0.25 17.62 13.86 17.93 0.00 1.65
Dec 1.70 0.25 17.62 13.86 17.93 0.00 1.65
Mexico Nov 3.83 33.59 17.75 30.86 50.29 0.90 3.98
Dec 3.80 33.59 17.75 30.86 50.29 0.90 3.95
N. Afr & Mideast 7/ Nov 8.13 33.67 43.26 67.59 76.12 0.67 8.27
Dec 8.13 33.67 42.11 66.64 75.07 0.87 7.97
Saudi Arabia Nov 2.07 0.27 12.01 11.55 11.91 0.00 2.44
Dec 2.06 0.27 12.31 11.75 12.11 0.00 2.53
Dec 3.82 30.35 19.78 41.35 49.57 0.56 3.81
South Korea Nov 2.03 0.22 12.11 9.65 12.31 0.00 2.04
Dec 2.03 0.22 12.11 9.65 12.31 0.00 2.04
Selected Other
China Nov 200.98 267.38 26.05 206.00 302.28 0.07 192.06
Dec 200.98 267.38 30.85 210.40 306.78 0.07 192.36
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/ The 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.
December 2020
WASDE - 607 - 22
World Corn Supply and Use 1/

World 3/ 340.76 1,123.37 164.42 703.43 1,144.29 181.73 319.84

World Less China 118.24 866.19 159.94 512.43 870.29 181.71 109.68
United States 54.37 364.26 0.71 137.91 310.45 52.48 56.41
Total Foreign 286.39 759.11 163.71 565.53 833.84 129.25 263.43
Major Exporters 4/ 16.16 211.04 2.25 86.34 108.04 111.47 9.95
Argentina 2.41 51.00 0.00 9.70 13.80 37.24 2.37
Brazil 9.32 101.00 1.66 57.00 67.00 39.68 5.29
Russia 0.20 11.42 0.04 7.60 8.50 2.77 0.38
South Africa 2.67 11.82 0.51 7.04 12.54 1.45 1.02
Ukraine 1.57 35.81 0.04 5.00 6.20 30.32 0.89
Major Importers 5/ 23.25 129.08 99.36 169.33 224.47 5.03 22.19
Egypt 1.85 6.80 9.37 13.70 16.20 0.00 1.81
European Union 6/ 9.16 64.38 25.25 67.00 87.50 3.63 7.66
Japan 1.39 0.00 16.05 12.30 16.00 0.00 1.45
Mexico 5.65 27.60 16.66 25.90 44.10 0.72 5.09
Southeast Asia 7/ 2.54 30.14 16.66 37.60 45.30 0.68 3.37
South Korea 1.85 0.08 10.86 8.56 10.95 0.00 1.84
Selected Other 0.00
Canada 2.42 13.89 2.56 9.30 15.09 1.80 1.98
China 222.53 257.17 4.48 191.00 274.00 0.02 210.16

Domes tic
Feed
Domes tic
/ Total 2 Exports
Ending
Stocks
World 3/ 319.84 1,116.21 165.32 712.89 1,132.63 171.26 303.42

World Less China 109.68 855.43 157.72 519.89 854.63 171.25 102.89
United States 56.41 345.96 1.06 148.02 307.58 45.17 50.68
Total Foreign 263.43 770.25 164.25 564.87 825.05 126.09 252.73
Major Exporters 4/ 9.95 219.16 1.28 88.80 110.80 107.50 12.09
Argentina 2.37 51.00 0.01 9.50 13.50 37.00 2.87
Brazil 5.29 102.00 1.20 58.50 68.50 35.00 4.99
Russia 0.38 14.28 0.05 8.80 9.80 4.07 0.83
South Africa 1.02 16.00 0.00 6.80 12.60 2.50 1.92
Ukraine 0.89 35.89 0.03 5.20 6.40 28.93 1.48
Major Importers 5/ 22.19 129.12 95.28 164.10 219.75 6.45 20.38
Egypt 1.81 6.40 10.43 14.40 16.90 0.01 1.73
European Union 6/ 7.66 66.72 18.61 60.00 81.00 4.81 7.18
Japan 1.45 0.00 15.89 12.30 15.95 0.00 1.39
Mexico 5.09 26.50 16.53 25.60 43.80 1.03 3.29
Southeast Asia 7/ 3.37 29.35 17.36 37.80 45.65 0.61 3.81
South Korea 1.84 0.08 11.89 9.50 11.80 0.00 2.00
Selected Other 0.00
Canada 1.98 13.40 1.84 8.66 13.96 0.71 2.56
China 210.16 260.78 7.60 193.00 278.00 0.01 200.53
reporting discrepancies in some countries. 4/ Argentina, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European
Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
December 2020
WASDE - 607 - 23
World Corn Supply and Use 1/ (Cont'd.)

World 3/ Nov 303.33 1,144.63 178.23 725.71 1,156.54 184.77 291.43

Dec 303.42 1,143.56 179.57 727.98 1,158.01 185.97 288.96
Dec 102.89 883.56 163.07 529.48 872.51 185.95 97.45
Dec 50.68 368.49 0.64 144.79 309.26 67.31 43.23
Dec 252.73 775.07 178.94 583.19 848.75 118.66 245.72
Dec 12.09 218.50 1.56 92.80 114.90 102.90 14.35
Argentina Nov 1.87 50.00 0.01 11.00 15.00 34.00 2.88
Dec 2.87 49.00 0.01 11.00 15.00 34.00 2.88
Brazil Nov 5.49 110.00 1.50 60.00 70.00 39.00 7.99
Dec 4.99 110.00 1.50 60.00 70.00 39.00 7.49
Russia Nov 0.80 14.00 0.04 9.90 11.00 3.10 0.74
Dec 0.83 14.00 0.04 9.90 11.00 3.10 0.77
South Africa Nov 1.92 16.00 0.00 7.00 12.80 2.80 2.32
Dec 1.92 16.00 0.00 7.00 12.80 2.80 2.32
Ukraine Nov 1.25 28.50 0.02 4.90 6.10 22.50 1.16
Dec 1.48 29.50 0.02 4.90 6.10 24.00 0.89
Dec 20.38 128.56 97.85 166.50 222.90 3.67 20.22
Egypt Nov 1.70 6.40 11.00 14.80 17.30 0.01 1.79
Dec 1.73 6.40 10.50 14.60 17.10 0.01 1.52
Dec 7.18 63.70 19.00 59.00 80.40 2.20 7.28
Japan Nov 1.39 0.00 16.00 12.40 16.05 0.00 1.34
Dec 1.39 0.00 16.00 12.40 16.05 0.00 1.34
Mexico Nov 3.32 28.00 17.30 26.00 44.25 0.90 3.47
Dec 3.29 28.00 17.30 26.00 44.25 0.90 3.44
Dec 3.81 30.30 18.65 40.40 48.40 0.56 3.80
South Korea Nov 2.00 0.08 12.00 9.60 12.05 0.00 2.03
Dec 2.00 0.08 12.00 9.60 12.05 0.00 2.03
Selected Other
Canada Nov 2.56 14.00 1.70 9.60 14.80 1.00 2.46
Dec 2.56 13.56 1.70 9.60 14.80 1.00 2.02
China Nov 200.53 260.00 13.00 195.00 282.00 0.02 191.51
Dec 200.53 260.00 16.50 198.50 285.50 0.02 191.51
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, the European Union,
Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
December 2020
WASDE - 607 - 24
World Rice Supply and Use (Milled Basis) 1/

Beginning Production Imports Total /2 Exports Ending
2018/19 Stocks Domestic Stocks
World 3/ 164.22 497.04 44.05 484.37 43.89 176.89
World Less China 55.22 348.55 40.85 341.45 41.12 61.89
United States 0.93 7.11 0.92 4.57 2.97 1.42
Total Foreign 163.29 489.93 43.13 479.81 40.92 175.47
Major Exporters 4/ 28.88 184.66 0.76 145.71 31.76 36.84
Burma 0.81 13.20 0.01 10.25 2.70 1.07
India 22.60 116.48 0.00 99.16 10.42 29.50
Pakistan 1.42 7.30 0.00 3.30 4.49 0.93
Thailand 3.01 20.34 0.25 11.80 7.56 4.24
Vietnam 1.03 27.34 0.50 21.20 6.58 1.10
Major Importers 5/ 122.91 239.14 17.13 247.82 3.18 128.19
China 109.00 148.49 3.20 142.92 2.77 115.00
European Union 6/ 1.18 1.96 2.15 3.80 0.30 1.19
Indonesia 5.56 34.20 0.60 36.30 0.00 4.06
Nigeria 1.58 4.54 1.90 6.80 0.00 1.22
Philippines 2.29 11.73 3.60 14.10 0.00 3.52
Sel. Mideast 7/ 1.23 2.01 3.93 5.90 0.00 1.27
Selected Other 0.00
Brazil 0.59 7.14 0.75 7.35 0.88 0.25
C. Amer & Carib 8/ 0.54 1.73 1.79 3.43 0.04 0.59
Egypt 1.56 2.80 0.81 4.20 0.02 0.95
Japan 2.22 7.66 0.63 8.40 0.07 2.05
Mexico 0.15 0.19 0.74 0.92 0.03 0.14
South Korea 1.56 3.87 0.29 4.57 0.05 1.09

Total /2
Domes tic Exports
Ending
Stocks
World 3/ 176.89 496.11 42.04 494.78 42.79 178.22

World Less China 61.89 349.38 39.64 349.75 40.19 61.72
United States 1.42 5.86 1.19 4.57 2.99 0.91
Total Foreign 175.47 490.24 40.86 490.20 39.80 177.31
Major Exporters 4/ 36.84 183.13 0.66 152.69 30.29 37.65
Burma 1.07 12.70 0.01 10.35 2.30 1.13
India 29.50 118.43 0.00 105.74 12.49 29.70
Pakistan 0.93 7.20 0.00 3.30 3.80 1.03
Thailand 4.24 17.66 0.25 12.00 5.50 4.64
Vietnam 1.10 27.15 0.40 21.30 6.20 1.15
Major Importers 5/ 128.19 239.12 14.08 249.83 2.97 128.59
China 115.00 146.73 2.40 145.03 2.60 116.50
European Union 6/ 1.19 1.98 2.44 4.05 0.31 1.25
Indonesia 4.06 34.00 0.55 35.50 0.00 3.11
Nigeria 1.22 5.04 1.30 6.85 0.00 0.71
Philippines 3.52 11.93 2.45 14.30 0.00 3.60
Sel. Mideast 7/ 1.27 2.34 3.85 6.10 0.00 1.36
Selected Other 0.00
Brazil 0.25 7.60 0.85 7.15 1.20 0.35
C. Amer & Carib 8/ 0.59 1.55 1.88 3.37 0.04 0.61
Egypt 0.95 4.30 0.30 4.30 0.02 1.23
Japan 2.05 7.61 0.69 8.35 0.07 1.92
Mexico 0.14 0.17 0.80 0.94 0.01 0.16
South Korea 1.09 3.74 0.45 4.10 0.06 1.14
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.
December 2020
WASDE - 607 - 25
World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)

Beginning Production Imports Total /2 Exports Ending
2020/21 Proj. Stocks Domestic Stocks
World 3/ Nov 177.91 501.11 42.15 499.24 44.30 179.78

Dec 178.22 501.20 42.54 500.44 45.29 178.98
World Less China Nov 61.41 354.11 39.95 352.74 41.60 63.28
Dec 61.72 354.20 40.34 353.94 42.59 62.48
United States Nov 0.91 7.18 1.18 4.62 3.08 1.57
Dec 0.91 7.18 1.16 4.62 3.02 1.61
Total Foreign Nov 177.00 493.93 40.96 494.62 41.22 178.20
Dec 177.31 494.02 41.38 495.82 42.27 177.37
Major Exporters 4/ Nov 37.45 186.10 0.61 153.10 32.10 38.96
Dec 37.65 186.10 0.61 153.10 33.00 38.26
Burma Nov 1.13 12.90 0.01 10.50 2.20 1.34
Dec 1.13 12.90 0.01 10.50 2.20 1.34
India Nov 29.70 120.00 0.00 106.00 12.50 31.20
Dec 29.70 120.00 0.00 106.00 13.50 30.20
Pakistan Nov 0.83 7.60 0.00 3.40 4.10 0.93
Dec 1.03 7.60 0.00 3.40 4.00 1.23
Thailand Nov 4.64 18.60 0.20 12.00 7.00 4.44
Dec 4.64 18.60 0.20 12.00 7.00 4.44
Vietnam Nov 1.15 27.00 0.40 21.20 6.30 1.05
Dec 1.15 27.00 0.40 21.20 6.30 1.05
Major Importers 5/ Nov 128.49 239.58 14.00 251.20 3.07 127.80
Dec 128.59 239.58 14.35 251.65 3.07 127.80
China Nov 116.50 147.00 2.20 146.50 2.70 116.50
Dec 116.50 147.00 2.20 146.50 2.70 116.50
European Union 6/ Nov 1.25 1.98 2.40 4.15 0.32 1.16
Dec 1.25 1.98 2.40 4.15 0.32 1.16
Indonesia Nov 3.11 34.90 0.50 35.40 0.00 3.11
Dec 3.11 34.90 0.50 35.40 0.00 3.11
Nigeria Nov 0.71 5.04 1.20 6.40 0.00 0.55
Dec 0.71 5.04 1.50 6.70 0.00 0.55
Philippines Nov 3.60 11.70 2.60 14.40 0.00 3.50
Dec 3.60 11.70 2.50 14.40 0.00 3.40
Sel. Mideast 7/ Nov 1.26 2.27 3.70 6.05 0.00 1.17
Dec 1.36 2.27 3.85 6.20 0.00 1.28
Selected Other
Brazil Nov 0.40 7.48 0.80 7.20 0.90 0.58
Dec 0.35 7.48 0.80 7.20 1.00 0.43
C. Amer & Carib 8/ Nov 0.62 1.64 1.90 3.48 0.03 0.65
Dec 0.61 1.62 1.95 3.49 0.03 0.65
Egypt Nov 1.20 4.00 0.25 4.30 0.02 1.13
Dec 1.23 4.00 0.25 4.30 0.02 1.16
Japan Nov 1.92 7.62 0.69 8.25 0.08 1.90
Dec 1.92 7.62 0.69 8.25 0.08 1.90
Mexico Nov 0.18 0.19 0.80 0.97 0.01 0.20
Dec 0.16 0.19 0.80 0.96 0.01 0.19
South Korea Nov 1.13 3.85 0.45 4.00 0.06 1.38
Dec 1.14 3.51 0.45 4.00 0.06 1.04
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.
December 2020
WASDE - 607 - 26
World Cotton Supply and Use 1/

(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2018/19 Stocks Use /2 Stocks
World 81.11 118.58 42.43 120.16 41.64 0.04 80.27

World Less China 43.11 90.83 32.79 80.66 41.43 0.04 44.60
United States 4.20 18.37 3/ 2.98 14.84 -0.09 4.85
Total Foreign 76.91 100.21 42.43 117.19 26.81 0.14 75.42
Major Exporters 4/ 26.93 54.54 2.48 33.02 22.33 0.02 28.57
Central Asia 5/ 2.67 5.44 3/ 3.80 2.04 0.00 2.28
Afr. Fr. Zone 6/ 1.61 5.43 3/ 0.17 5.47 0.00 1.41
S. Hemis. 7/ 13.19 17.24 0.18 4.39 10.86 0.01 15.34
Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57
Brazil 8.66 13.00 0.02 3.40 6.02 0.00 12.26
India 9.23 25.80 1.80 24.00 3.52 0.00 9.30
Major Importers 8/ 48.12 42.69 37.40 79.99 3.24 0.11 44.88
Mexico 0.66 1.74 0.85 2.00 0.52 0.03 0.69
China 37.99 27.75 9.64 39.50 0.21 0.00 35.67
European Union 9/ 0.30 1.71 0.64 0.70 1.72 0.03 0.22
Turkey 1.95 3.75 3.61 6.90 0.71 0.00 1.69
Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50
Indonesia 0.63 3/ 3.05 3.15 0.01 0.00 0.53
Thailand 0.20 3/ 1.08 1.05 0.00 0.03 0.20
Bangladesh 1.86 0.14 7.00 7.20 0.00 0.01 1.78
Vietnam 1.29 3/ 6.94 7.00 0.00 0.00 1.23

Domes tic
Us e Exports
Los s
/2
Ending
Stocks
World 80.27 122.14 40.19 102.23 40.98 -0.04 99.42

World Less China 44.60 94.89 33.05 69.23 40.82 -0.04 62.52
United States 4.85 19.91 3/ 2.15 15.53 -0.16 7.25
Total Foreign 75.42 102.22 40.19 100.08 25.45 0.13 92.17
Major Exporters 4/ 28.57 58.55 2.88 28.27 20.98 0.02 40.72
Central Asia 5/ 2.28 5.96 3/ 3.94 1.58 0.00 2.72
Afr. Fr. Zone 6/ 1.41 5.91 3/ 0.14 4.64 0.00 2.53
S. Hemis. 7/ 15.34 16.73 0.15 3.59 11.28 0.01 17.34
Australia 1.57 0.63 3/ 0.04 1.36 0.00 0.80
Brazil 12.26 13.78 0.01 2.70 8.94 0.00 14.40
India 9.30 29.50 2.28 20.00 3.20 0.00 17.88
Major Importers 8/ 44.88 40.62 34.94 68.18 3.18 0.11 48.97
Mexico 0.69 1.57 0.59 1.50 0.66 0.03 0.67
China 35.67 27.25 7.14 33.00 0.16 0.00 36.90
European Union 9/ 0.22 2.00 0.58 0.60 1.82 0.03 0.34
Turkey 1.69 3.45 4.67 6.60 0.45 0.00 2.77
Pakistan 2.50 6.20 3.98 9.20 0.06 0.03 3.39
Indonesia 0.53 3/ 2.51 2.40 0.00 0.00 0.64
Thailand 0.20 3/ 0.70 0.78 0.00 0.02 0.10
Bangladesh 1.78 0.14 7.00 6.50 0.00 0.01 2.42
Vietnam 1.23 3/ 6.48 6.30 0.00 0.00 1.41
1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/
Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the
difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt
and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and
Uzbekistan. 6/ Benin, 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.
December 2020
WASDE - 607 - 27
World Cotton Supply and Use 1/

(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2020/21 Proj. Stocks Use /2 Stocks
World Nov 99.59 116.11 42.84 114.05 42.87 0.18 101.44

Dec 99.42 113.90 43.17 115.63 43.21 0.14 97.52
Dec 62.52 86.40 33.17 77.63 43.08 0.14 61.25
United States Nov 7.25 17.09 3/ 2.50 14.60 0.05 7.20
Dec 7.25filler
15.95
filler
3/filler
2.50
filler
15.00filler
0.00
filler
5.70
filler
Dec 92.17 97.95 43.16 113.13 28.21 0.13 91.82
Dec 40.72 57.26 1.71 32.88 24.36 0.02 42.44
Central Asia 5/ Nov 2.72 5.75 3/ 4.19 1.56 0.00 2.72
Dec 2.72 5.83 3/ 4.19 1.58 0.00 2.78
Afr. Fr. Zone 6/ Nov 2.53 5.00 3/ 0.14 4.98 0.00 2.41
Dec 2.53 4.88 3/ 0.14 4.87 0.00 2.40
S. Hemis. 7/ Nov 17.36 16.73 0.16 3.92 12.62 0.01 17.69
Dec 17.34 16.70 0.16 3.92 12.64 0.01 17.62
Australia Nov 0.80 2.50 3/ 0.04 1.50 0.00 1.77
Dec 0.80filler
2.40
filler
3/filler
0.04
filler
1.40filler
0.00
filler
1.77
filler
Brazil Nov 14.40 12.00 0.03 3.00 10.00 0.00 13.43

Dec 14.40 12.00 0.03 3.00 10.00 0.00 13.43
India Nov 17.88 30.00 1.00 23.00 5.00 0.00 20.88
Dec 17.88 29.50 1.00 24.00 5.00 0.00 19.38
Dec 48.97 37.53 38.91 76.29 2.43 0.11 46.58
Mexico Nov 0.67 1.05 0.60 1.60 0.20 0.03 0.49
Dec 0.67 1.05 0.65 1.60 0.20 0.03 0.54
China Nov 36.90 27.50 9.50 37.50 0.13 0.00 36.27
Dec 36.90 27.50 10.00 38.00 0.13 0.00 36.27
Dec 0.34 1.53 0.61 0.66 1.58 0.03 0.21
Turkey Nov 2.77 2.80 4.40 7.00 0.45 0.00 2.52
Dec 2.77 2.80 4.40 7.00 0.45 0.00 2.52
Pakistan Nov 3.39 5.00 4.30 9.80 0.05 0.03 2.82
Dec 3.39 4.50 4.70 10.00 0.05 0.03 2.52
Indonesia Nov 0.54 3/ 2.90 2.90 0.01 0.00 0.54
Dec 0.64 3/ 2.80 2.90 0.00 0.00 0.54
Thailand Nov 0.15 3/ 0.85 0.83 0.00 0.03 0.15
Dec 0.10 3/ 0.73 0.70 0.00 0.03 0.11
Bangladesh Nov 2.42 0.15 7.30 7.30 0.00 0.01 2.55
Dec 2.42 0.15 6.90 7.30 0.00 0.01 2.15
Vietnam Nov 1.61 3/ 6.80 6.80 0.00 0.00 1.61
Dec 1.41 3/ 6.80 6.80 0.00 0.00 1.41
1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other
factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the
United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/
Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan,
Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, 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.
December 2020
WASDE - 607 - 28
World Soybean Supply and Use 1/

Beginning Production Imports Domestic Domestic Exports Ending
2018/19 Stocks Crush Total Stocks
World 2/ 98.83 361.04 145.83 298.42 344.15 148.82 112.72
World Less China 75.77 345.07 63.29 213.42 242.15 148.71 93.27
United States 11.92 120.52 0.38 56.94 60.40 47.68 24.74
Total Foreign 86.91 240.52 145.44 241.48 283.74 101.15 87.98
Major Exporters 3/ 56.95 186.34 6.56 86.79 96.53 91.64 61.69
Argentina 23.73 55.30 6.41 40.57 47.45 9.10 28.89
Brazil 32.70 119.70 0.14 42.53 45.18 74.89 32.47
Paraguay 0.51 8.51 0.01 3.62 3.82 4.90 0.32
Major Importers 4/ 25.67 19.84 115.02 113.03 138.08 0.32 22.14
China 23.06 15.97 82.54 85.00 102.00 0.12 19.46
European Union 1.40 2.67 14.99 15.60 17.26 0.18 1.61
Southeast Asia 0.84 0.66 8.31 3.81 9.08 0.02 0.71
Mexico 0.17 0.34 5.87 6.15 6.20 0.00 0.18

Domes tic
Crus h
Domes tic
Total Exports
Ending
Stocks
World 2/ 112.72 336.47 165.45 309.27 354.61 164.57 95.46

World Less China 93.27 318.37 66.91 217.77 245.41 164.48 68.66
United States 24.74 96.67 0.42 58.91 61.96 45.62 14.25
Total Foreign 87.98 239.81 165.03 250.36 292.65 118.95 81.21
Major Exporters 3/ 61.69 186.69 5.46 86.54 96.12 110.22 47.49
Argentina 28.89 48.80 4.88 38.76 45.80 9.97 26.80
Brazil 32.47 126.00 0.55 44.25 46.49 92.13 20.40
Paraguay 0.32 9.90 0.02 3.45 3.75 6.20 0.29
Major Importers 4/ 22.14 21.77 132.91 121.05 146.91 0.30 29.60
China 19.46 18.10 98.53 91.50 109.20 0.09 26.80
European Union 1.61 2.62 15.66 16.35 18.06 0.19 1.64
Southeast Asia 0.71 0.61 9.32 4.50 9.82 0.02 0.80
Mexico 0.18 0.24 6.00 6.20 6.25 0.00 0.16
Beginning Production Imports Domes tic Domes tic Exports Ending

Stocks Crus h Total Stocks
2020/21 Proj.
World 2/ Nov 95.34 362.64 165.39 320.89 369.03 167.82 86.52
Dec 95.46 362.05 166.33 321.64 369.72 168.48 85.64
Dec 68.66 344.55 66.33 222.64 252.32 168.38 58.84
Dec 14.25 113.50 0.41 59.74 63.51 59.87 4.76
Dec 81.21 248.56 165.92 261.90 306.21 108.60 80.88
Dec 47.49 195.65 4.41 88.38 98.48 100.63 48.44
Argentina Nov 27.00 51.00 4.00 40.00 47.20 7.00 27.80
Dec 26.80 50.00 4.00 39.00 46.20 7.00 27.60
Brazil Nov 20.30 133.00 0.40 45.50 48.10 85.00 20.60
Dec 20.40 133.00 0.40 45.50 48.10 85.00 20.70
Paraguay Nov 0.29 10.25 0.01 3.80 4.10 6.30 0.14
Dec 0.29 10.25 0.01 3.80 4.10 6.30 0.14
Dec 29.60 21.29 134.79 129.44 156.30 0.38 29.01
China Nov 26.80 17.50 100.00 99.00 117.40 0.10 26.80
Dec 26.80 17.50 100.00 99.00 117.40 0.10 26.80
European Union Nov 1.61 2.75 15.40 16.80 18.51 0.25 1.00
Dec 1.64 2.70 15.40 16.80 18.51 0.25 0.98
Southeast Asia Nov 0.80 0.60 9.78 4.72 10.27 0.03 0.88
Dec 0.80 0.60 9.78 4.72 10.27 0.03 0.88
Mexico Nov 0.16 0.35 6.10 6.40 6.47 0.00 0.14
Dec 0.16 0.26 6.20 6.40 6.47 0.00 0.14
1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports
and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports.
Therefore, world supply may not equal world use. 3/ Argentina, Brazil, Paraguay, and Uruguay. 4/ China, European Union, Japan,
Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, Vietnam, and Thailand). Totals may not add due to rounding.
December 2020
WASDE - 607 - 29
World Soybean Meal Supply and Use 1/

Beginning Production Imports Domestic Exports Ending
2018/19 Stocks Total Stocks
World 2/ 14.13 233.86 62.81 230.16 67.72 12.93
World Less China 14.13 166.54 62.79 163.75 66.79 12.93
United States 0.50 44.28 0.62 32.85 12.19 0.37
Total Foreign 13.62 189.58 62.19 197.30 55.53 12.56
Major Exporters 3/ 6.99 71.84 0.10 26.05 47.11 5.76
Argentina 2.48 31.20 0.03 3.13 28.83 1.74
Brazil 4.30 32.96 0.02 17.65 16.09 3.54
India 0.22 7.68 0.05 5.28 2.19 0.48
Major Importers 4/ 1.88 22.02 38.90 60.16 0.59 2.06
European Union 0.33 12.32 18.76 30.34 0.37 0.69
Mexico 0.17 4.86 1.89 6.65 0.01 0.26
Southeast Asia 5/ 1.27 2.98 16.66 19.70 0.20 1.01

Domes tic
Total Exports
Ending
Stocks
World 2/ 12.93 242.99 62.56 240.83 67.03 10.61

World Less China 12.93 170.52 62.51 169.33 66.02 10.61
United States 0.37 46.36 0.58 34.22 12.77 0.31
Total Foreign 12.56 196.63 61.98 206.61 54.26 10.30
Major Exporters 3/ 5.76 70.87 0.04 26.90 45.72 4.05
Argentina 1.74 29.80 0.00 3.18 27.37 1.00
Brazil 3.54 34.35 0.01 18.00 17.51 2.40
India 0.48 6.72 0.03 5.72 0.85 0.66
Major Importers 4/ 2.06 23.19 38.39 61.72 0.58 1.34
European Union 0.69 12.92 17.62 30.74 0.36 0.12
Mexico 0.26 4.90 1.84 6.90 0.01 0.10
Southeast Asia 5/ 1.01 3.51 17.23 20.51 0.21 1.04
Beginning Production Imports Domes tic Exports Ending
Stocks Total Stocks
2020/21 Proj.
World 2/ Nov 10.13 252.32 63.11 250.19 66.47 8.90
Dec 10.61 252.85 62.84 251.05 66.15 9.10
Dec 10.61 174.44 62.83 173.63 65.15 9.10
Dec 0.31 46.91 0.54 34.75 12.70 0.32
Dec 10.30 205.94 62.30 216.30 53.45 8.78
Dec 4.05 72.83 0.06 27.84 45.37 3.73
Argentina Nov 1.06 30.75 0.00 3.25 27.50 1.06
Dec 1.00 29.95 0.00 3.25 26.70 1.00
Brazil Nov 2.33 35.28 0.02 18.50 16.80 2.32
Dec 2.40 35.28 0.02 18.50 16.80 2.39
India Nov 0.66 7.60 0.04 6.09 1.87 0.34
Dec 0.66 7.60 0.04 6.09 1.87 0.34
Dec 1.34 23.92 38.98 62.40 0.53 1.31
European Union Nov 0.11 13.27 18.05 30.97 0.30 0.17
Dec 0.12 13.27 18.05 31.04 0.30 0.10
Mexico Nov 0.10 5.06 1.93 6.98 0.01 0.10
Dec 0.10 5.06 1.93 6.98 0.01 0.10
Southeast Asia 5/ Nov 1.04 3.69 17.30 20.79 0.22 1.02
Dec 1.04 3.69 17.30 20.79 0.22 1.02
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/ European Union, Southeast Asia, and Japan. 5/
Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding.
December 2020
WASDE - 607 - 30
World Soybean Oil Supply and Use 1/

Beginning Production Imports Domestic Exports Ending
2018/19 Stocks Total Stocks
World 2/ 3.90 55.88 10.68 55.14 11.18 4.14
World Less China 3.33 40.65 9.90 39.25 10.98 3.64
United States 0.91 10.98 0.18 10.38 0.88 0.81
Total Foreign 2.99 44.90 10.50 44.76 10.30 3.34
Major Exporters 3/ 0.81 19.74 0.45 12.28 7.79 0.93
Argentina 0.27 7.91 0.00 2.62 5.27 0.29
Brazil 0.37 8.18 0.02 7.17 1.08 0.33
European Union 0.15 2.96 0.42 2.46 0.79 0.29
Major Importers 4/ 1.05 18.11 6.60 24.18 0.25 1.33
China 0.57 15.23 0.78 15.89 0.20 0.50
India 0.17 1.73 3.00 4.75 0.01 0.14
North Africa 5/ 0.21 0.82 1.83 2.38 0.05 0.45

Domes tic
Total Exports
Ending
Stocks
World 2/ 4.14 57.92 11.39 56.68 11.93 4.84

World Less China 3.64 41.52 10.39 39.58 11.77 4.19
United States 0.81 11.30 0.15 10.12 1.29 0.84
Total Foreign 3.34 46.62 11.24 46.55 10.64 4.01
Major Exporters 3/ 0.93 19.94 0.56 12.14 7.97 1.31
Argentina 0.29 7.67 0.00 2.18 5.40 0.39
Brazil 0.33 8.50 0.07 7.39 1.16 0.35
European Union 0.29 3.11 0.49 2.54 0.77 0.57
Major Importers 4/ 1.33 19.48 7.19 25.94 0.27 1.79
China 0.50 16.40 1.00 17.09 0.16 0.65
India 0.14 1.51 3.61 5.10 0.02 0.15
North Africa 5/ 0.45 1.10 1.89 2.50 0.10 0.84
Beginning Production Imports Domes tic Exports Ending
Stocks Total Stocks
2020/21 Proj.
World 2/ Nov 4.23 60.14 11.01 59.35 11.92 4.11
Dec 4.84 60.27 11.18 59.48 12.00 4.81
Dec 4.19 42.52 10.08 40.79 11.85 4.16
Dec 0.84 11.54 0.16 10.43 1.25 0.86
Dec 4.01 48.73 11.02 49.05 10.75 3.95
Dec 1.31 20.38 0.59 12.48 8.31 1.49
Argentina Nov 0.29 7.92 0.00 2.35 5.60 0.25
Dec 0.39 7.72 0.00 2.10 5.65 0.35
Brazil Nov 0.35 8.75 0.04 7.57 1.20 0.37
Dec 0.35 8.75 0.17 7.70 1.15 0.42
European Union Nov 0.54 3.19 0.42 2.64 0.83 0.69
Dec 0.57 3.19 0.42 2.64 0.83 0.71
Dec 1.79 21.08 6.86 27.78 0.31 1.64
China Nov 0.65 17.74 1.10 18.69 0.15 0.65
Dec 0.65 17.74 1.10 18.69 0.15 0.65
India Nov 0.14 1.71 3.35 5.10 0.01 0.09
Dec 0.15 1.71 3.40 5.15 0.01 0.10
North Africa 5/ Nov 0.37 0.88 1.64 2.45 0.16 0.28
Dec 0.84 1.07 1.61 2.61 0.16 0.75
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 European Union. 4/ China, India, and North Africa. 5/
Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding.
December 2020
WASDE - 607 - 31
U.S. Quarterly Animal Product Production 1/
Year and Quarter Beef Pork Red Meat Broiler Turkey Total Red Meat Egg Milk
2/ Poultry 3/ & Poultry
Million Pounds Mil doz Bil lbs
2019 IV 7,001 7,478 14,535 11,175 1,467 12,773 27,308 2,414 54.0
Annual 27,155 27,638 55,015 43,905 5,818 50,251 105,266 9,447 218.4
2020 I 6,929 7,426 14,407 11,237 1,469 12,841 27,248 2,349 56.1
II 6,054 6,311 12,417 10,940 1,369 12,446 24,863 2,249 56.0
III 7,110 7,049 14,208 11,358 1,454 12,958 27,167 2,300 55.3
IV* 7,145 7,550 14,745 11,025 1,430 12,585 27,330 2,360 55.3
Annual
Nov Proj. 27,223 28,181 55,609 44,709 5,737 50,999 106,608 9,248 222.5
Dec Proj. 27,238 28,336 55,777 44,560 5,722 50,830 106,607 9,258 222.7
2021 I* 6,850 7,260 14,161 10,940 1,420 12,490 26,651 2,290 56.4
II* 6,810 6,740 13,602 11,155 1,425 12,720 26,322 2,290 57.8
III* 6,845 7,045 13,941 11,545 1,445 13,135 27,076 2,370 56.2
Annual
Nov Proj. 27,365 28,485 56,058 45,095 5,770 51,415 107,473 9,400 225.9
Dec Proj. 27,260 28,510 55,978 45,045 5,755 51,350 107,328 9,400 226.3
* 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 Barrows Broilers Turkeys Eggs Milk
Year and Quarter 2/ and gilts 4/ 5/ 6/ 7/
3/
Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt
2019 IV 114.88 43.11 80.6 97.8 117.2 20.60
Annual 116.78 47.95 88.6 89.2 94.0 18.63
2020 I 118.32 42.52 83.5 97.4 133.1 18.83

II 105.79 38.96 67.0 103.7 119.6 15.37
III 101.74 40.50 66.7 111.3 89.0 19.07
IV* 108.00 51.00 77.0 111.0 105.0 19.80
Annual
Nov Proj. 108.71 43.00 71.8 106.4 116.7 18.25
Dec Proj. 108.46 43.25 73.5 105.9 111.7 18.25
2021 I* 113.00 47.00 82.0 103.0 104.0 16.50

II* 113.00 50.00 86.0 105.0 95.0 16.25
III* 114.00 48.00 77.0 106.0 105.0 16.35
Annual
Nov Proj. 114 47 79 106 110 17.70
Dec Proj. 115 47 80 106 106 16.60
*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale,
National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by
farmers for all milk.
December 2020
WASDE - 607 - 32
U.S. Meats Supply and Use
Beginning Production Total Ending Total Per Capita

Item
stocks 1/ Imports Supply Exports Stocks Use 2/ 3/
Million Pounds /4
Beef 2019 662 27,224 3,058 30,944 3,026 642 27,276 58.1
2020 Proj. Nov 642 27,292 3,450 31,384 2,905 645 27,834 59.0
Dec 642 27,307 3,410 31,359 2,905 655 27,799 58.9
2021 Proj. Nov 645 27,434 3,135 31,214 3,080 650 27,484 58.0
Dec 655Filler
27,329
Filler
3,135Filler
31,119Filler
3,080 Filler
650Filler
27,389
Filler
57.8
Filler
Pork 2019 559 27,652 945 29,156 6,321 646 22,188 52.4
2020 Proj. Nov 646 28,195 887 29,729 7,324 520 21,885 51.4
Dec 646 28,350 897 29,894 7,324 475 22,095 51.9
2021 Proj. Nov 520 28,499 945 29,964 7,350 575 22,039 51.5
Dec 475Filler
28,524
Filler
945Filler
29,944
Filler
7,350Filler
530Filler
22,064
Filler
51.6
Filler
Total Red 2019 1,266 55,108 4,275 60,649 9,353 1,330 49,966 111.9
Meat 5/ 2020 Proj. Nov 1,330 55,702 4,630 61,662 10,250 1,204 50,208 111.8
Dec 1,330 55,870 4,600 61,800 10,250 1,170 50,381 112.2
2021 Proj. Nov 1,204 56,151 4,355 61,710 10,439 1,263 50,008 110.8
Dec 1,170Filler
56,071
Filler
4,355Filler
61,596
Filler
10,439Filler
1,218
Filler
49,939
Filler
110.7
Filler
Broiler 2019 845 43,435 131 44,411 7,103 937 36,371 95.1
2020 Proj. Nov 937 44,231 148 45,315 7,304 900 37,111 96.5
Dec 937 44,083 148 45,168 7,359 890 36,919 96.1
2021 Proj. Nov 900 44,612 140 45,652 7,275 915 37,462 97.0
Dec 890Filler
44,563
Filler
140Filler
45,593
Filler
7,390Filler
905Filler
37,298
Filler
96.6
Filler
Turkey 2019 303 5,818 12 6,133 639 233 5,261 16.0

2020 Proj. Nov 233 5,737 21 5,991 558 215 5,218 15.8
Dec 233 5,722 21 5,976 578 225 5,173 15.7
2021 Proj. Nov 215 5,770 21 6,006 570 230 5,206 15.7
Dec 225Filler
5,755
Filler
21Filler
6,001
Filler
590Filler
230Filler
5,181
Filler
15.6
Filler
Total 2019 1,153 49,781 146 51,080 7,824 1,175 42,081 112.5
Poultry 6/ 2020 Proj. Nov 1,175 50,520 171 51,866 7,938 1,122 42,806 113.8
Dec 1,175 50,353 171 51,698 8,011 1,122 42,566 113.2
2021 Proj. Nov 1,122 50,932 164 52,218 7,921 1,150 43,147 114.1
Dec 1,122Filler
50,867
Filler
164Filler
52,153
Filler
8,056Filler
1,140
Filler
42,957
Filler
113.6
Filler
Red Meat & 2019 2,419 104,889 4,421 111,728 17,177 2,504 92,047 224.4
Poultry 2020 Proj. Nov 2,504 106,222 4,801 113,528 18,188 2,326 93,014 225.5
Dec 2,504 106,223 4,771 113,498 18,261 2,292 92,946 225.3
2021 Proj. Nov 2,326 107,083 4,519 113,928 18,360 2,413 93,155 224.9
Dec 2,292 106,939 4,519 113,749 18,495 2,358 92,896 224.3
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.
December 2020
WASDE - 607 - 33
U.S. Egg Supply and Use
2018 2019 2020 Proj. 2020 Proj. 2021 Proj. 2021 Proj.
Commodity
Nov Dec Nov Dec
Eggs Million Dozen
Supply
Beginning Stocks 23.4 22.7 31.6 31.6 31.0 29.0
Production 9,205.0 9,447.5 9,248.0 9,258.0 9,400.0 9,400.0
Imports 17.8 14.6 15.2 15.2 16.0 16.0
Total Supply 9,246.2 9,484.8 9,294.8 9,304.8 9,447.0 9,445.0
Use
Exports 333.2 333.9 348.6 343.6 335.0 335.0
Hatching Use 1,057.5 1,081.2 1,078.1 1,072.9 1,095.0 1,080.0
Ending Stocks 22.7 31.6 31.0 29.0 33.0 30.0
Disappearance
Total 7,832.9 8,038.1 7,837.1 7,859.3 7,984.0 8,000.0
Per Capita (number) 287.5 293.6 284.8 285.7 288.7 289.3
Total
U.S. Milk Supply and Use
Commodity
Nov Dec Nov Dec
Milk Billion Pounds
Production 217.6 218.4 222.5 222.7 225.9 226.3
Farm Use 1.0 1.0 1.0 1.0 1.0 1.0
Fat Basis Supply
Beg. Commercial Stocks 13.4 13.8 13.6 13.6 14.3 14.5
Marketings 216.6 217.4 221.5 221.7 224.9 225.3
Imports 6.3 6.9 7.0 6.9 6.9 6.8
Total Cml. Supply 236.2 238.1 242.1 242.2 246.1 246.6
Fat Basis Use
Commercial Exports 10.4 9.1 9.4 9.2 9.5 9.6
Ending Commercial Stocks 13.8 13.6 14.3 14.5 14.1 14.5
CCC Donations 0.0 0.2 0.3 0.3 0.0 0.0
Domestic Commercial Use 212.1 215.2 218.1 218.2 222.5 222.5
Skim-solid Basis Supply
Beg. Commercial Stocks 11.8 10.7 10.2 10.2 10.3 10.4
Marketings 216.6 217.4 221.5 221.7 224.9 225.3
Imports 5.5 5.8 5.6 5.6 5.6 5.6
Total Cml. Supply 233.8 233.9 237.3 237.5 240.8 241.2
Skim-solid Basis Use
Commercial Exports 44.6 41.5 47.3 47.6 48.1 48.7
Ending Commercial Stocks 10.7 10.2 10.3 10.4 10.0 10.2
CCC Donations 0.0 0.2 0.1 0.1 0.0 0.0
Domestic Commercial Use 178.5 181.9 179.6 179.4 182.7 182.3
Total
CCC Donations include purchases made through the USDA Trade Mitigation program. They do not include products
purchased under other programs. Dairy domestic commercial use for 2020 includes additional milk marketed but not
processed. Note: Totals may not add due to rounding.
December 2020
WASDE - 607 - 34
U.S. Dairy Prices
Commodity
Nov Dec Nov Dec
Product Prices 1/ Dollars Per Pound
Cheese 1.5377 1.7586 1.965 1.925 1.825 1.635
Butter 2.2572 2.2431 1.585 1.580 1.685 1.570
Nonfat Dry Milk 0.7945 1.0419 1.040 1.040 1.055 1.065
Dry Whey
Filler
0.3422 0.3799 0.355 0.360 0.365 0.405
Dollars Per Cwt
Milk Prices 2/
Class III 14.61 16.96 18.55 18.20 17.25 15.60
Class IV 14.23 16.30 13.50 13.45 14.00 13.60
All Milk 3/ 16.27 18.63 18.25 18.25 17.70 16.60
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.
December 2020
WASDE - 607 - 35
Reliability of December Projections 1/

Note: Tables on pages 35-37 present a record of the December 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 0.8 percent. Chances are 9 out of 10 (90% confidence level) that the
difference will not exceed 1.4 percent. The average difference between the December projection and the final estimate is 3.8
million tons, ranging from 0.4 million to 10.2 million tons. The December projection has been below the estimate 28 times
and above 11 times.
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
WHEAT Percent Million Metric Tons
Production
World 0.8 1.4 3.8 0.4 10.2 28 11
U.S. 0.4 0.7 0.2 0.0 1.2 19 14
Foreign 0.9 1.5 3.8 0.3 10.3 28 11
Exports
World 5.2 8.9 5.5 0.1 18.3 31 8
U.S. 5.8 9.9 1.5 0.2 3.9 20 19
Foreign 6.4 10.9 5.4 0.5 17.9 34 5
Domestic Use
World 1.2 2.1 5.5 0.1 16.7 21 18
U.S. 5.9 10.0 1.6 0.1 3.6 10 29
Foreign 1.3 2.2 5.6 0.1 16.1 25 14
Ending Stocks
World 5.5 9.3 7.1 0.9 19.4 29 10
U.S. 10.5 17.9 1.8 0.1 7.0 27 12
Foreign 5.6 9.5 5.8 0.4 19.3 28 11
COARSE GRAINS 2/
Production
World 1.4 2.5 12.4 0.0 36.0 29 10
U.S. 1.3 2.2 2.4 0.0 7.5 19 20
Foreign 2.1 3.5 12.7 0.3 37.5 28 11
Exports
World 6.7 11.3 6.6 0.1 33.3 29 10
U.S. 15.3 26.0 5.5 0.1 12.8 18 21
Foreign 11.9 20.1 7.1 0.0 27.1 26 12
Domestic Use
World 1.2 2.1 10.0 0.3 36.5 24 15
U.S. 3.5 5.9 4.8 0.1 17.9 17 22
Foreign 1.5 2.5 9.7 0.3 36.9 26 13
Ending Stocks
World 11.1 18.9 15.2 0.2 137.6 32 7
U.S. 18.8 31.9 7.2 0.7 23.9 21 18
Foreign 14.5 24.5 13.5 0.1 143.9 31 8
RICE, milled
Production
World 1.9 3.3 5.6 0.0 16.2 31 8
U.S. 2.9 4.9 0.1 0.0 0.5 19 15
Foreign 2.0 3.3 5.7 0.1 16.2 32 7
Exports
World 9.2 15.6 1.8 0.1 6.1 29 10
U.S. 7.9 13.5 0.2 0.0 0.6 19 18
Foreign 10.4 17.6 1.8 0.0 6.0 27 12
Domestic Use
World 1.5 2.6 3.7 0.0 15.9 27 12
U.S. 7.9 13.4 0.2 0.0 0.6 20 19
Foreign 1.5 2.6 3.6 0.0 16.1 27 12
Ending Stocks
World 10.6 17.9 5.7 0.1 27.9 32 7
U.S. 21.2 36.0 0.2 0.0 0.8 21 18
Foreign 10.9 18.4 5.7 0.2 27.7 32 7
1/ Footnotes at end of table. CONTINUED
December 2020
WASDE - 607 - 36
Reliability of December Projections (Continued) 1/

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 3.7 6.4 5.5 0.1 23.8 21 18
U.S. 2.0 3.4 1.1 0.1 4.7 16 23
Foreign 6.2 10.5 5.5 0.1 25.1 18 21
Exports
World 6.9 11.7 3.5 0.1 15.5 24 15
U.S. 9.1 15.4 2.2 0.1 6.4 22 17
Foreign 17.4 29.5 3.2 0.0 18.2 20 19
Domestic Use
World 2.7 4.6 4.0 0.0 13.2 21 18
U.S. 3.5 5.9 1.2 0.0 3.6 26 13
Foreign 3.3 5.6 3.7 0.2 11.9 22 17
Ending Stocks
World 15.2 25.8 4.3 0.1 18.5 22 17
U.S. 43.7 74.1 2.1 0.2 7.3 11 28
Foreign 16.8 28.5 3.9 0.1 18.3 23 16
COTTON Million 480-Pound Bales
Production
World 3.1 5.3 2.3 0.0 7.2 23 15
U.S. 2.0 3.4 0.3 0.0 0.8 18 20
Foreign 3.7 6.3 2.3 0.0 7.1 22 16
Exports
World 7.0 11.9 1.9 0.1 9.0 23 16
U.S. 13.6 23.1 0.9 0.0 3.0 24 15
Foreign 9.0 15.3 1.4 0.0 8.3 20 18
Domestic Use
World 4.0 6.8 2.7 0.1 18.2 19 20
U.S. 8.8 15.0 0.3 0.0 1.0 19 19
Foreign 4.0 6.8 2.5 0.1 17.4 21 18
Ending Stocks
World 11.4 19.4 4.7 0.5 19.3 23 16
U.S. 27.9 47.3 1.1 0.1 3.2 12 27
Foreign 12.0 20.4 4.4 0.1 17.5 27 12
1/ Marketing years 1981/82 through 2019/20 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 2018/19, and for 2019/20
the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain.
December 2020
WASDE - 607 - 37
Reliability of United States December Projections 1/

90 percent Years
Root mean confidence Below Above
square error interval Average Smallest Largest Final Final
CORN Percent Million Bushels
Production 1.3 2.2 88 0 250 19 19
Exports 16.0 27.2 197 9 513 17 22
Domestic Use 3.7 6.3 183 14 574 22 17
Ending Stocks 21.5 36.6 283 16 986 21 18
SORGHUM
Production 4.2 7.1 15 1 53 20 19
Exports 18.7 31.8 30 0 123 25 13
Domestic Use 20.4 34.7 37 0 127 16 22
Ending Stocks 46.5 78.9 24 1 104 15 24
BARLEY
Production 1.5 2.5 4 0 24 17 10
Exports 30.1 51.0 8 0 37 14 21
Domestic Use 7.6 12.8 16 0 70 14 24
Ending Stocks 13.3 22.6 13 0 39 27 10
OATS
Production 1.1 1.8 2 0 18 7 9
Exports 71.0 120.6 1 0 7 9 10
Domestic Use 5.3 9.0 12 1 39 15 24
Ending Stocks 20.1 34.1 13 1 52 26 13
SOYBEAN MEAL Thousand Short Tons
Production 3.5 5.9 1,055 152 3,117 24 15
Exports 11.1 18.9 731 100 2,850 23 16
Domestic Use 3.2 5.4 691 50 2,293 21 18
Ending Stocks 33.8 57.3 64 0 253 16 21
SOYBEAN OIL Million Pounds
Production 3.4 5.8 460 43 1,530 27 12
Exports 27.0 45.9 343 0 1,325 21 16
Domestic Use 3.7 6.4 472 25 1,761 24 15
Ending Stocks 21.5 36.5 298 1 1,051 24 15
ANIMAL PROD. Million Pounds
Beef 3.5 6.0 711 9 2,311 26 12
Pork 3.2 5.4 423 20 1,592 21 17
Broilers 1.7 2.9 397 1 1,346 23 15
Turkeys 2.9 5.0 121 2 407 21 17
Million Dozen
Eggs 2.0 3.3 111 3 515 26 12
Billion Pounds
Milk 1.5 2.6 1.9 0.1 6.1 21 17
1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through
2019/20 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 2018/19, and for 2019/20 the last month’s estimate. Calendar years 1982
through 2019 for meats, eggs, and milk. Final for animal products is defined as the latest annual production estimate
published by NASS for 1982-2019.
WASDE-607-38
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 bushels .027216
Rice cwt .045359
Corn, Sorghum, & Rye bushels .025401
Barley bushels .021772
Oats bushels .014515
Sugar short tons .907185
Cotton 480-lb bales .217720
Registration is Now Open
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For complete WASDE tables and previous month’s report visit
https://www.usda.gov/oce/commodity/wasde/
To subscribe to receive WASDE-related notifications by email or text message visit

https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223.
Previous WASDE reports are available at

https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en
For questions contact: Mirvat Sewadeh at 202-720-5447 or msewadeh@oce.usda.gov
World Agricultural Supply and Demand Estimates

WASDE-607 – December 10, 2020
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
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World Agricultural Supply

INTERAGENCY COMMODITY ESTIMATES COMMITTEES

Wheat: Mark Simone, (Acting) ICEC Chair, WAOB, mark.simone@usda.gov

Rice: Mark Simone, (Acting) ICEC Chair, WAOB, mark.simone@usda.gov

Feed Grains: Michael Jewison, ICEC Chair, WAOB, michael.jewison2@usda.gov

Oilseeds: Keith Menzie, ICEC Chair, WAOB, keith.menzie@usda.gov

Cotton: Stephen MacDonald, ICEC Chair, WAOB, stephen.macdonald3@usda.gov

Sugar: Stephen Haley, ICEC Chair, WAOB, stephen.haley2@usda.gov

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

Poultry: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

Dairy: Shayle Shagam, ICEC Chair, WAOB, shayle.shagam@usda.gov

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

Total Grains 4/ 2018/19 2625.53 3447.91 430.38 2640.07 807.84

2020/21 (Proj.) Nov 2721.23 3531.60 458.86 2709.94 821.66

Wheat 2018/19 730.90 1018.86 173.67 734.75 284.11

2020/21 (Proj.) Nov 772.38 1073.13 190.79 752.68 320.45

Coarse Grains 5/ 2018/19 1397.60 1767.78 212.81 1420.95 346.83

2020/21 (Proj.) Nov 1447.75 1779.45 223.77 1458.02 321.43

Rice, milled 2018/19 497.04 661.26 43.89 484.37 176.89

2020/21 (Proj.) Nov 501.11 679.02 44.30 499.24 179.78

Total Total Ending

Total Grains 4/ 2018/19 436.32 532.30 83.45 357.57 91.28

2020/21 (Proj.) Nov 439.62 529.52 103.70 354.07 71.76

Wheat 2018/19 51.31 84.88 25.50 29.99 29.39

2020/21 (Proj.) Nov 49.69 81.07 26.54 30.67 23.86

Coarse Grains 5/ 2018/19 377.91 438.46 54.97 323.02 60.47

2020/21 (Proj.) Nov 382.75 439.18 74.08 318.77 46.32

Rice, milled 2018/19 7.11 8.96 2.97 4.57 1.42

2020/21 (Proj.) Nov 7.18 9.27 3.08 4.62 1.57

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

Total Grains 4/ 2018/19 2,189.21 2,915.61 346.93 2,282.50 716.56

2020/21 (Proj.) Nov 2,281.61 3,002.08 355.17 2,355.87 749.90

Wheat 2018/19 679.59 933.98 148.17 704.76 254.73

2020/21 (Proj.) Nov 722.68 992.06 164.26 722.01 296.59

Coarse Grains 5/ 2018/19 1,019.69 1,329.32 157.84 1,097.93 286.36

2020/21 (Proj.) Nov 1,065.00 1,340.27 149.69 1,139.24 275.11

Rice, milled 2018/19 489.93 652.30 40.92 479.80 175.47

2020/21 (Proj.) Nov 493.93 669.75 41.22 494.62 178.20

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

World 2018/19 118.58 199.69 41.64 120.16 80.27

2020/21 (Proj.) Nov 116.11 215.70 42.87 114.05 101.44

United States 2018/19 18.37 22.57 14.84 2.98 4.85

2020/21 (Proj.) Nov 17.09 24.35 14.60 2.50 7.20

Foreign 4/ 2018/19 100.21 177.12 26.81 117.19 75.42

2020/21 (Proj.) Nov 99.02 191.36 28.27 111.55 94.24

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

Oilseeds 2018/19 600.01 716.93 170.90 489.04 132.24

2020/21 (Proj.) Nov 597.28 707.38 190.84 511.15 98.57

Oilmeals 2018/19 332.97 350.69 94.18 328.97 16.24

2020/21 (Proj.) Nov 351.51 364.92 92.29 349.63 11.50

Vegetable Oils 2018/19 203.56 226.83 85.99 199.64 22.66

2020/21 (Proj.) Nov 208.71 230.56 85.72 207.69 18.96

United States Output

Oilseeds 2018/19 130.72 145.66 48.82 61.03 26.54

2020/21 (Proj.) Nov 123.98 141.07 61.15 63.57 6.87

Oilmeals 2018/19 46.52 51.02 12.50 38.10 0.42

2020/21 (Proj.) Nov 49.06 53.30 12.55 40.34 0.41

Vegetable Oils 2018/19 12.20 18.14 1.09 15.88 1.16

2020/21 (Proj.) Nov 12.81 18.99 1.41 16.37 1.21

Oilseeds 2018/19 469.30 571.27 122.08 428.00 105.70