USDA World Grain S&Ds 09/11
05/12/2026 | 10:59 am CDT USDA World Grain S&Ds 09/11
USDA World Grain S&Ds 09/11
WASDE - 675 - 8 September 2026
World and U.S. Supply and Use for Grains 1/
Million Metric Tons
================================================================================
Total Total Ending
Commodity Output Supply Trade 2/ Use 3/ Stocks
================================================================================
World
Total Grains 4/
2024/25 2858.49 3653.53 500.26 2877.63 775.90
2025/26 (Est.) 3019.13 3795.03 555.47 2979.14 815.89
2026/27 (Proj.)
Aug 2949.58 3758.50 527.82 2985.97 772.53
Sep 2944.15 3760.04 527.85 2981.72 778.32
Wheat
2024/25 799.10 1069.04 210.90 808.45 260.59
2025/26 (Est.) 843.99 1104.58 227.64 823.98 280.60
2026/27 (Proj.)
Aug 819.30 1099.52 212.71 826.27 273.25
Sep 822.43 1103.04 211.77 826.75 276.29
Coarse Grains 5/
2024/25 1517.10 1862.40 227.90 1538.32 324.09
2025/26 (Est.) 1629.23 1953.32 268.20 1620.78 332.54
2026/27 (Proj.)
Aug 1593.01 1923.54 252.34 1616.90 306.65
Sep 1587.87 1920.41 253.46 1615.36 305.04
Rice, milled
2024/25 542.30 722.09 61.46 530.87 191.22
2025/26 (Est.) 545.91 737.13 59.64 534.39 202.74
2026/27 (Proj.)
Aug 537.27 735.43 62.78 542.80 192.63
Sep 533.85 736.59 62.62 539.61 196.99
United States
Total Grains 4/
2024/25 452.42 528.34 101.10 359.89 67.34
2025/26 (Est.) 508.41 582.80 119.89 384.33 78.58
2026/27 (Proj.)
Aug 465.30 551.96 111.31 375.63 65.03
Sep 459.56 545.79 111.05 371.82 62.92
Wheat
2024/25 53.85 76.88 22.56 31.06 23.26
2025/26 (Est.) 54.01 80.67 24.71 30.92 25.04
2026/27 (Proj.)
Aug 41.66 70.51 21.09 29.91 19.51
Sep 41.66 70.51 21.09 29.91 19.51
Coarse Grains 5/
2024/25 391.51 441.58 75.68 323.53 42.37
2025/26 (Est.) 447.83 492.50 92.63 348.19 51.69
2026/27 (Proj.)
Aug 418.61 473.14 87.74 341.02 44.38
Sep 412.88 466.82 87.48 337.21 42.13
Rice, milled
2024/25 7.05 9.88 2.87 5.31 1.71
2025/26 (Est.) 6.56 9.63 2.56 5.22 1.86
2026/27 (Proj.)
Aug 5.03 8.32 2.48 4.70 1.14
Sep 5.02 8.46 2.48 4.70 1.28
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WASDE - 675 - 9 September 2026
World and U.S. Supply and Use for Grains, Continued 1/
Million Metric Tons
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Total Total Ending
Commodity Output Supply Trade 2/ Use Stocks
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Foreign 3/
Total Grains 4/
2024/25 2406.08 3125.20 399.16 2517.74 708.56
2025/26 (Est.) 2510.72 3212.23 435.58 2594.81 737.30
2026/27 (Proj.)
Aug 2484.28 3206.54 416.52 2610.35 707.50
Sep 2484.59 3214.25 416.80 2609.90 715.40
Wheat
2024/25 745.25 992.17 188.35 777.39 237.33
2025/26 (Est.) 789.98 1023.91 202.93 793.05 255.56
2026/27 (Proj.)
Aug 777.65 1029.01 191.62 796.36 253.75
Sep 780.78 1032.53 190.68 796.84 256.79
Coarse Grains 5/
2024/25 1125.58 1420.83 152.22 1214.78 281.72
2025/26 (Est.) 1181.40 1460.82 175.57 1272.59 280.86
2026/27 (Proj.)
Aug 1174.40 1450.41 164.60 1275.88 262.26
Sep 1174.99 1453.59 165.98 1278.16 262.91
Rice, milled
2024/25 535.25 712.20 58.59 525.56 189.51
2025/26 (Est.) 539.34 727.50 57.08 529.17 200.89
2026/27 (Proj.)
Aug 532.24 727.12 60.30 538.10 191.49
Sep 528.83 728.13 60.14 534.91 195.70
================================================================================
World and U.S. Supply and Use for Cotton 1/
Million 480-lb. Bales
================================================================================
Total Total Ending
Commodity Output Supply Trade 2/ Use 3/ Stocks
================================================================================
World
2024/25 119.53 193.08 42.40 119.10 74.83
2025/26 (Est.) 121.95 196.78 45.58 121.13 75.31
2026/27 (Proj.)
Aug 117.63 192.44 43.82 122.92 69.69
Sep 117.32 192.62 44.22 122.92 69.86
United States
2024/25 14.41 17.56 11.90 1.70 4.00
2025/26 (Est.) 13.90 17.90 12.30 1.50 4.15
2026/27 (Proj.)
Aug 13.61 17.81 12.30 1.60 4.00
Sep 13.20 17.36 12.30 1.50 3.60
Foreign 4/
2024/25 105.12 175.51 30.50 117.40 70.83
2025/26 (Est.) 108.05 178.88 33.28 119.63 71.16
2026/27 (Proj.)
Aug 104.02 174.62 31.52 121.32 65.69
Sep 104.11 175.26 31.92 121.42 66.26
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WASDE - 675 - 10 September 2026
World and U.S. Supply and Use for Oilseeds 1/
(Million Metric Tons)
================================================================================
Total Total Ending
Commodity Output Supply Trade Use 2/ Stocks
================================================================================
World
Oilseeds
2024/25 686.96 822.99 213.34 568.95 144.41
2025/26 (Est.) 701.04 845.45 217.41 591.73 145.86
2026/27 (Proj.)
Aug 721.02 866.67 218.63 609.54 146.29
Sep 723.46 869.27 221.16 611.62 146.64
Oilmeals
2024/25 392.51 411.47 114.21 382.57 22.50
2025/26 (Est.) 407.80 430.30 118.78 403.27 24.08
2026/27 (Proj.)
Aug 414.53 438.29 120.27 408.20 24.61
Sep 415.83 439.64 120.54 409.50 24.67
Vegetable Oils
2024/25 230.83 261.62 88.47 224.05 30.10
2025/26 (Est.) 239.76 269.86 89.50 230.98 30.48
2026/27 (Proj.)
Aug 244.95 275.77 91.65 238.61 30.76
Sep 245.36 275.84 92.13 238.58 30.80
United States
Oilseeds
2024/25 128.60 140.71 52.56 70.43 10.23
2025/26 (Est.) 126.17 137.57 42.60 76.15 11.03
2026/27 (Proj.)
Aug 132.67 144.75 46.42 79.84 10.37
Sep 132.92 145.16 47.14 79.80 10.22
Oilmeals
2024/25 55.27 60.70 16.60 43.65 0.45
2025/26 (Est.) 59.77 65.67 18.81 46.37 0.49
2026/27 (Proj.)
Aug 61.91 67.65 20.69 46.47 0.49
Sep 61.89 67.66 20.69 46.48 0.49
Vegetable Oils
2024/25 14.49 21.45 1.27 19.07 1.10
2025/26 (Est.) 15.42 22.59 0.60 20.83 1.16
2026/27 (Proj.)
Aug 16.39 24.89 0.32 23.39 1.18
Sep 16.39 24.89 0.32 23.39 1.18
Foreign 3/
Oilseeds
2024/25 558.36 682.28 160.78 498.52 134.17
2025/26 (Est.) 574.86 707.89 174.81 515.59 134.83
2026/27 (Proj.)
Aug 588.35 721.92 172.21 529.71 135.92
Sep 590.54 724.10 174.02 531.82 136.42
Oilmeals
2024/25 337.25 350.77 97.61 338.92 22.06
2025/26 (Est.) 348.04 364.63 99.98 356.90 23.58
2026/27 (Proj.)
Aug 352.62 370.63 99.58 361.72 24.12
Sep 353.94 371.98 99.85 363.02 24.18
Vegetable Oils
2024/25 216.34 240.17 87.19 204.98 29.00
2025/26 (Est.) 224.35 247.28 88.90 210.15 29.32
2026/27 (Proj.)
Aug 228.56 250.87 91.33 215.22 29.59
Sep 228.97 250.94 91.81 215.18 29.63
================================================================================
WASDE - 675 - 11 September 2026
U.S. Wheat Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Acres
Area Planted 46.3 45.3 42.7 42.7
Area Harvested 38.6 37.2 32.1 32.1
Bushels
Yield per Harvested Acre 51.2 53.3 47.8 47.8
Million Bushels
Beginning Stocks 696 855 920 920
Production 1979 1985 1531 1531
Imports 150 125 140 140
Supply, Total 2825 2964 2591 2591
Food 969 959 960 960
Seed 61 58 59 59
Feed and Residual 111 119 80 80
Domestic, Total 1141 1136 1099 1099
Exports 829 908 775 775
Use, Total 1970 2044 1874 1874
Ending Stocks 855 920 717 717
Avg.FarmPrice ($/bu) 2/ 5.52 5.06 6.20 6.40
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U.S. Wheat by Class: Supply and Use
================================================================================
Year begining Hard Red Hard Red Soft Red
June 1 Winter Spring Winter White Durum Total
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Million Bushels
2025/26 (Est.)
Beginning Stocks 402 218 127 80 28 855
Production 804 458 353 283 86 1985
Imports 5 61 4 7 48 125
Supply, Total 3/ 1212 737 483 370 162 2964
Food 382 255 152 83 87 959
Seed 25 14 11 6 3 58
Feed and Residual 47 4 67 -4 6 119
Domestic Use 454 272 230 84 96 1136
Exports 321 233 122 199 33 908
Use, Total 775 505 351 284 129 2044
Ending Stocks, Total 437 232 132 86 33 920
2026/27 (Proj.)
Beginning Stocks 437 232 132 86 33 920
Production 463 434 287 280 66 1531
Imports 20 65 5 5 45 140
Supply, Total 3/ 919 731 424 371 145 2591
Food 370 267 154 83 86 960
Seed 25 14 11 6 3 59
Feed and Residual 10 10 60 -5 5 80
Domestic Use 405 291 225 84 94 1099
Exports 195 235 100 220 25 775
Use, Total 600 526 325 304 119 1874
Ending Stocks, Total
Sep 319 205 99 68 26 717
Aug 304 200 99 88 26 717
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WASDE - 675 - 12 September 2026
U.S. Feed Grain and Corn Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Acres
FEED GRAINS
Area Planted 101.8 110.1 107.8 107.7
Area Harvested 91.4 100.0 96.7 96.5
Metric Tons
Yield per Harvested Acre 4.28 4.48 4.33 4.28
Million Metric Tons
Beginning Stocks 47.9 42.3 52.2 51.7
Production 391.1 447.5 418.3 412.6
Imports 2.0 2.1 2.1 2.1
Supply, Total 441.0 492.0 472.6 466.3
Feed and Residual 143.6 165.6 158.1 154.3
Food, Seed & Industrial 179.4 182.1 182.4 182.4
Domestic, Total 322.9 347.7 340.5 336.7
Exports 75.7 92.6 87.7 87.5
Use, Total 398.6 440.3 428.3 424.2
Ending Stocks 42.3 51.7 44.4 42.1
Million Acres
CORN
Area Planted 90.9 98.8 96.7 96.8
Area Harvested 83.0 91.3 88.6 88.5
Bushels
Yield per Harvested Acre 179.3 186.5 180.7 178.5
Million Bushels
Beginning Stocks 1763 1551 1945 1922
Production 14892 17021 16013 15800
Imports 22 30 25 25
Supply, Total 16677 18602 17983 17747
Feed and Residual 5438 6350 6100 5950
Food,Seed& Industrial 2/ 6815 6905 6955 6955
Ethanol & by-products 3/ 5436 5550 5600 5600
Domestic, Total 12253 13255 13055 12905
Exports 2873 3425 3275 3275
Use, Total 15126 16680 16330 16180
Ending Stocks 1551 1922 1653 1567
Avg.FarmPrice ($/bu) 4/ 4.24 4.15 4.50 4.80
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WASDE - 675 - 13 September 2026
U.S. Sorghum, Barley, and Oats Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Bushels
SORGHUM
AreaPlanted (mil. acres) 6.3 6.6 6.1 6.0
AreaHarvested(mil.acres) 5.6 6.0 5.4 5.2
Yield (bushels/acre) 61.3 72.6 55.4 54.4
Beginning Stocks 33 40 37 37
Production 344 437 296 284
Imports 0 0 0 0
Supply, Total 377 477 333 321
Feed and Residual 140 110 60 60
Food, Seed & Industrial 98 120 80 80
Total Domestic 238 230 140 140
Exports 98 210 170 160
Use, Total 336 440 310 300
Ending Stocks 40 37 23 21
Avg.FarmPrice ($/bu) 2/ 4.07 3.70 4.30 4.60
BARLEY
AreaPlanted (mil. acres) 2.4 2.3 2.3 2.3
AreaHarvested(mil.acres) 1.9 1.8 1.8 1.8
Yield (bushels/acre) 76.6 80.0 78.8 78.8
Beginning Stocks 78 69 66 66
Production 144 141 140 140
Imports 9 7 8 8
Supply, Total 232 217 214 214
Feed and Residual 36 25 30 30
Food, Seed & Industrial 118 115 115 115
Total Domestic 154 140 145 145
Exports 9 11 9 9
Use, Total 162 151 154 154
Ending Stocks 69 66 60 60
Avg.FarmPrice ($/bu) 2/ 6.31 5.46 5.60 5.70
OATS
AreaPlanted (mil. acres) 2.2 2.4 2.7 2.7
AreaHarvested(mil.acres) 0.9 0.9 0.9 0.9
Yield (bushels/acre) 76.4 73.8 72.0 72.0
Beginning Stocks 36 28 32 32
Production 68 70 68 68
Imports 71 71 72 72
Supply, Total 176 169 172 172
Feed and Residual 64 51 55 55
Food, Seed & Industrial 81 82 83 83
Total Domestic 145 133 138 138
Exports 2 4 2 2
Use, Total 147 137 140 140
Ending Stocks 28 32 32 32
Avg.FarmPrice ($/bu) 2/ 3.35 3.23 3.35 3.35
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WASDE - 675 - 14 September 2026
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Acres
TOTAL RICE
Area Planted 2.92 2.81 2.11 2.10
Area Harvested 2.87 2.74 2.07 2.06
Pounds
Yield per Harvested Acre 7753 7544 7644 7690
Million Hundredweight
Beginning Stocks 2/ 39.8 53.9 53.8 58.4
Production 222.6 206.7 158.4 158.2
Imports 49.3 42.8 49.8 49.8
Supply, Total 311.7 303.4 262.0 266.4
Domestic & Residual 3/ 167.5 164.3 148.0 148.0
Exports, Total 4/ 90.3 80.6 78.0 78.0
Rough 28.8 21.8 19.0 19.0
Milled (rough equiv.) 61.5 58.8 59.0 59.0
Use, Total 257.8 244.9 226.0 226.0
Ending Stocks 53.9 58.4 36.0 40.4
Avg.MillingYield (%) 5/ 70.00 70.00 70.00 70.00
Avg.FarmPrice($/cwt) 6/ 15.10 12.40 14.90 14.90
LONG GRAIN RICE
Harvested Acres (mil.) 2.26 2.08
Yield (pounds/acre) 7626 7359
Beginning Stocks 19.3 37.3 37.6 41.8
Imports 42.7 36.6 43.0 43.0
Production 172.0 153.3 106.7 103.5
Supply, Total 7/ 234.0 227.3 187.3 188.4
Domestic & Residual 3/ 136.0 131.9 117.0 117.0
Exports 8/ 60.7 53.6 50.0 50.0
Use, Total 196.7 185.4 167.0 167.0
Ending Stocks 37.3 41.8 20.3 21.4
Avg.FarmPrice($/cwt) 6/ 14.00 10.40 13.50 13.50
MEDIUM & SHORT GRAIN RICE
Harvested Acres (mil.) 0.62 0.66
Yield (pounds/acre) 8219 8130
Beginning Stocks 18.9 13.7 13.4 14.1
Imports 6.5 6.1 6.8 6.8
Production 50.6 53.4 51.7 54.6
Supply, Total 7/ 74.9 73.6 71.8 75.5
Domestic & Residual 3/ 31.5 32.4 31.0 31.0
Exports 8/ 29.6 27.1 28.0 28.0
Use, Total 61.1 59.5 59.0 59.0
Ending Stocks 13.7 14.1 12.8 16.5
Avg. Farm Price ($/cwt) 1/ 6/
9/ 18.50 18.30 18.70 18.70
California 10/ 18.70 20.00 20.50 20.50
Other States 1/ 15.00 14.70 15.00 15.00
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WASDE - 675 - 15 September 2026
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Acres
SOYBEANS
Area Planted 87.3 81.2 86.8 86.9
Area Harvested 86.2 80.4 85.8 85.9
Bushels
Yield per Harvested Acre 50.7 53.0 52.7 52.8
Million Bushels
Beginning Stocks 342 325 325 325
Production 4374 4262 4519 4535
Imports 30 25 25 25
Supply, Total 4746 4612 4869 4885
Crushings 2445 2655 2780 2780
Exports 1892 1520 1660 1685
Seed 70 75 73 73
Residual 14 37 37 38
Use, Total 4421 4287 4549 4575
Ending Stocks 325 325 320 310
Avg.FarmPrice ($/bu) 2/ 10.00 10.50 11.40 12.00
Million Pounds
SOYBEAN OIL
Beginning Stocks 1551 1747 1837 1837
Production 4/ 29218 30970 32945 32945
Imports 362 450 600 600
Supply, Total 31131 33167 35382 35382
Domestic Disappearance 26912 30355 33105 33105
Biofuel 3/ 11758 14800 17800 17800
Food, Feed & other
Industrial 15154 15555 15305 15305
Exports 2472 975 400 400
Use, Total 29384 31330 33505 33505
Ending stocks 1747 1837 1877 1877
Avg. Price (c/lb) 2/ 47.59 64.00 70.00 70.00
Thousand Short Tons
SOYBEAN MEAL
Beginning Stocks 453 398 450 450
Production 4/ 58443 63302 65800 65800
Imports 806 975 875 900
Supply, Total 59703 64675 67125 67150
Domestic Disappearance 41232 43725 43975 44000
Exports 18073 20500 22700 22700
Use, Total 59305 64225 66675 66700
Ending Stocks 398 450 450 450
Avg. Price ($/s.t.) 2/ 299.77 325.00 310.00 340.00
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WASDE - 675 - 16 September 2026
U.S. Sugar Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
1000 Short Tons, Raw Value
Beginning Stocks 2141 2376 1904 2033
Production 2/ 9397 9265 8950 8839
Beet Sugar 5370 5076 4791 4769
Cane Sugar 4027 4189 4159 4071
Florida 1932 1957 1893 1819
Louisiana 2095 2232 2266 2252
Texas 0 0 0 0
Imports 3393 2964 3582 3396
TRQ 3/ 1534 1313 1419 1391
Other Program 4/ 373 340 300 300
Non-program 1485 1310 1863 1705
Mexico 504 242 1346 1188
High-tier tariff/other 980 1068 517 517
Total Supply 14931 14604 14436 14268
Exports 111 25 25 25
Deliveries 12485 12546 12546 12546
Food 12375 12441 12441 12441
Other 5/ 111 105 105 105
Miscellaneous -41 0 0 0
Total Use 12555 12571 12571 12571
Ending Stocks 2376 2033 1865 1697
Stocks to Use Ratio 18.9 16.2 14.8 13.5
================================================================================
Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/
================================================================================
Supply Use
Fiscal Beginning Produc- Imports Domestic Exports Ending
Year Stocks tion 2/ Stocks
================================================================================
1000 Metric Tons, Actual Weight
Sugar
2025/26 Est.
Aug 1123 5325 42 4250 981 1259
Sep 1123 5325 42 4278 843 1370
2026/27 Proj.
Aug 1259 5377 28 4226 1357 1082
Sep 1370 5377 28 4245 1387 1143
================================================================================
WASDE - 675 - 17 September 2026
U.S. Cotton Supply and Use 1/
================================================================================
2024/25 2025/26 Est. 2026/27 Proj. 2026/27 Proj.
Item Aug Sep
================================================================================
Million Acres
Planted 11.18 9.28 10.47* 10.45**
Harvested 7.76 7.83 8.19* 8.16**
Pounds
Yield per Harvested
Acre 892 852 798* 776**
Million 480 Pound Bales
Beginning Stocks 3.15 4.00 4.20 4.15
Production 14.41 13.90 13.61 13.20
Imports 0.00 0.00 0.01 0.01
Supply, Total 17.56 17.90 17.81 17.36
Domestic Use 1.70 1.50 1.60 1.50
Exports, Total 11.90 12.30 12.30 12.30
Use, Total 13.60 13.80 13.90 13.80
Unaccounted 2/ -0.04 -0.05 -0.09 -0.04
Ending Stocks 4.00 4.15 4.00 3.60
Avg. Farm Price 3/ 63.2 62.0 75.0 78.0
================================================================================
WASDE - 675 - 18 September 2026
World Wheat Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2024/25
World 3/ 269.94 799.10 201.85 157.28 808.45 210.90 260.59
World Less China 135.42 659.00 197.68 124.28 658.45 209.89 132.82
United States 18.95 53.85 4.07 3.02 31.06 22.56 23.26
Total Foreign 250.99 745.25 197.78 154.26 777.40 188.35 237.33
Major Exporters 4/ 41.37 314.61 11.93 74.01 181.01 152.99 33.92
Argentina 4.54 18.51 0.01 0.25 7.15 13.31 2.60
Australia 2.41 34.11 0.22 5.60 9.10 23.65 3.99
Canada 5.31 35.94 0.61 3.06 8.26 29.35 4.24
European Union 5/ 15.92 121.06 10.72 44.50 108.00 27.92 11.77
Russia 11.69 81.60 0.30 17.00 40.00 43.00 10.59
Ukraine 1.51 23.40 0.07 3.60 8.50 15.75 0.73
Major Importers 6/ 177.58 211.37 121.05 51.60 327.32 16.27 166.41
Bangladesh 1.28 1.10 5.80 0.20 7.40 0.00 0.78
Brazil 1.71 7.89 7.20 0.70 12.20 1.89 2.70
China 134.52 140.10 4.17 33.00 150.00 1.02 127.78
Japan 1.09 1.07 5.57 0.73 6.28 0.34 1.12
N. Africa 7/ 11.51 15.84 31.77 1.35 46.20 2.51 10.41
Nigeria 0.45 0.13 6.23 0.00 5.90 0.38 0.52
Sel. Mideast 8/ 12.51 23.56 17.59 2.99 40.53 0.68 12.44
Southeast Asia 9/ 4.56 0.00 29.17 9.40 28.27 1.45 4.01
Selected Other
India 7.50 113.29 0.16 6.00 108.96 0.19 11.80
Kazakhstan 3.45 18.58 0.50 3.90 9.00 10.19 3.33
United Kingdom 3.26 11.15 3.81 6.83 15.03 0.50 2.69
2025/26 Est.
World 3/ 260.59 843.99 221.58 168.51 823.98 227.64 280.60
World Less China 132.82 703.92 216.12 135.51 673.98 226.54 158.40
United States 23.26 54.01 3.40 3.24 30.92 24.71 25.04
Total Foreign 237.33 789.98 218.18 165.26 793.05 202.93 255.56
Major Exporters 4/ 33.92 363.97 8.52 82.93 190.68 166.71 49.02
Argentina 2.60 27.89 0.02 0.50 7.60 19.10 3.81
Australia 3.99 35.99 0.23 7.00 10.60 24.00 5.61
Canada 4.24 40.56 0.62 3.63 8.98 29.79 6.65
European Union 5/ 11.77 145.14 7.28 50.00 113.50 31.72 18.97
Russia 10.59 90.30 0.30 18.00 41.20 48.00 11.99
Ukraine 0.73 24.10 0.08 3.80 8.80 14.10 2.00
Major Importers 6/ 166.41 205.53 138.37 53.32 333.02 14.93 162.36
Bangladesh 0.78 1.05 7.35 0.30 7.80 0.00 1.38
Brazil 2.70 7.87 6.40 0.75 12.41 1.84 2.72
China 127.78 140.07 5.46 33.00 150.00 1.10 122.20
Japan 1.12 1.06 5.71 0.78 6.36 0.32 1.22
N. Africa 7/ 10.41 17.42 34.99 1.75 48.05 1.70 13.06
Nigeria 0.52 0.13 5.93 0.00 5.90 0.40 0.28
Sel. Mideast 8/ 12.44 19.35 22.01 2.89 41.23 0.75 11.82
Southeast Asia 9/ 4.01 0.00 33.83 11.15 31.23 1.54 5.07
Selected Other
India 11.80 117.95 0.13 6.00 107.84 0.24 21.80
Kazakhstan 3.33 19.33 1.40 4.40 9.55 11.50 3.00
United Kingdom 2.69 11.96 3.36 7.20 15.00 0.42 2.58
================================================================================
WASDE - 675 - 19 September 2026
World Wheat Supply and Use 1/ (Contd.)
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2026/27 Proj.
World 3/
Aug 280.22 819.30 208.28 163.83 826.27 212.71 273.25
Sep 280.60 822.43 207.48 164.73 826.75 211.77 276.29
World Less China
Aug 158.02 678.30 202.28 132.83 678.27 211.71 153.05
Sep 158.40 681.43 201.48 133.73 678.75 210.77 156.09
United States
Aug 25.04 41.66 3.81 2.18 29.91 21.09 19.51
Sep 25.04 41.66 3.81 2.18 29.91 21.09 19.51
Total Foreign
Aug 255.18 777.65 204.47 161.65 796.36 191.62 253.75
Sep 255.56 780.78 203.67 162.56 796.84 190.68 256.79
Major Exporters 4/
Aug 48.29 332.10 7.80 81.95 190.10 156.00 42.08
Sep 49.02 336.30 7.80 82.45 190.60 155.50 47.02
Argentina
Aug 3.80 21.00 0.01 0.25 7.45 15.00 2.37
Sep 3.81 21.50 0.01 0.25 7.45 15.50 2.37
Australia
Aug 5.11 28.00 0.24 5.00 8.65 22.00 2.69
Sep 5.61 31.00 0.24 5.50 9.15 23.50 4.19
Canada
Aug 6.31 35.00 0.65 3.50 8.85 28.50 4.61
Sep 6.65 36.00 0.65 3.20 8.55 30.00 4.75
European Union 5/
Aug 19.08 134.20 6.50 51.00 114.75 31.00 14.03
Sep 18.97 133.80 6.50 51.00 114.75 31.00 13.52
Russia
Aug 11.99 88.50 0.30 18.00 41.20 46.00 13.59
Sep 11.99 88.00 0.30 18.00 41.20 43.00 16.09
Ukraine
Aug 2.00 25.40 0.10 4.20 9.20 13.50 4.80
Sep 2.00 26.00 0.10 4.50 9.50 12.50 6.10
Major Importers 6/
Aug 162.53 220.30 128.19 51.52 333.87 15.25 161.90
Sep 162.36 220.20 126.44 51.52 333.87 14.74 160.39
Bangladesh
Aug 1.43 1.05 7.00 0.30 8.00 0.00 1.48
Sep 1.38 1.05 7.00 0.30 8.00 0.00 1.43
Brazil
Aug 2.71 6.10 7.50 0.60 12.30 1.90 2.11
Sep 2.72 6.00 7.50 0.60 12.30 1.90 2.02
China
Aug 122.20 141.00 6.00 31.00 148.00 1.00 120.20
Sep 122.20 141.00 6.00 31.00 148.00 1.00 120.20
Japan
Aug 1.22 1.13 5.55 0.75 6.35 0.34 1.21
Sep 1.22 1.13 5.55 0.75 6.35 0.34 1.21
N. Africa 7/
Aug 13.47 23.10 29.10 1.98 49.13 2.45 14.10
Sep 13.06 23.10 27.55 1.98 48.98 1.95 12.79
Nigeria
Aug 0.23 0.14 6.20 0.00 5.80 0.40 0.37
Sep 0.28 0.14 6.20 0.00 5.85 0.40 0.37
Sel. Mideast 8/
Aug 11.69 23.24 19.84 2.95 42.05 0.68 12.05
Sep 11.82 23.24 19.74 2.95 42.20 0.68 11.93
Southeast Asia 9/
Aug 5.02 0.00 31.40 10.50 31.20 1.59 3.63
Sep 5.07 0.00 31.40 10.50 31.25 1.58 3.64
India
Aug 21.80 121.00 0.10 7.50 111.40 2.00 29.50
Sep 21.80 121.00 0.10 7.50 111.40 2.00 29.50
Kazakhstan
Aug 3.00 16.00 0.70 2.50 7.68 10.00 2.03
Sep 3.00 15.00 1.50 2.80 7.98 9.50 2.03
United Kingdom
Aug 2.62 12.00 3.60 7.20 15.20 0.50 2.52
Sep 2.58 12.00 3.60 7.20 15.20 0.50 2.48
================================================================================
WASDE - 675 - 20 September 2026
World Coarse Grain Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2024/25
World 3/ 345.31 1517.10 226.28 944.49 1538.32 227.90 324.09
World Less China 131.85 1213.63 208.04 694.74 1196.24 227.90 131.00
United States 47.87 391.51 2.19 143.70 323.53 75.68 42.37
Total Foreign 297.44 1125.58 224.09 800.79 1214.79 152.22 281.72
Major Exporters 4/ 21.41 332.41 5.07 141.66 204.97 125.40 28.52
Argentina 3.60 57.46 0.01 15.07 21.28 33.79 5.99
Australia 1.83 17.70 0.00 4.80 6.67 11.37 1.48
Brazil 8.09 143.59 2.83 72.00 100.93 42.14 11.44
Canada 3.91 27.52 1.87 14.85 22.92 6.90 3.48
Russia 1.71 34.78 0.10 20.43 28.40 6.77 1.41
Ukraine 1.27 33.47 0.02 8.23 11.06 22.35 1.35
Major Importers 5/ 38.44 228.36 155.15 285.52 375.11 11.29 35.56
European Union 6/ 15.19 137.22 20.18 109.85 149.59 9.16 13.83
Japan 1.45 0.20 16.72 13.16 16.85 0.00 1.52
Mexico 6.28 28.23 27.06 32.55 55.48 0.03 6.07
N. Afr & Mideast 7/ 8.35 30.98 45.50 67.40 76.30 1.56 6.96
Saudi Arabia 1.41 0.27 8.44 8.37 8.71 0.00 1.41
Southeast Asia 8/ 3.18 31.18 21.27 40.52 51.92 0.54 3.17
South Korea 2.06 0.16 11.56 9.30 11.64 0.00 2.15
Selected Other
China 213.46 303.47 18.24 249.75 342.08 0.01 193.09
2025/26 Est.
World 3/ 324.09 1629.23 244.13 992.98 1620.78 268.20 332.54
World Less China 131.00 1319.04 218.36 734.38 1269.86 268.17 154.44
United States 42.37 447.83 2.30 165.60 348.19 92.63 51.69
Total Foreign 281.72 1181.40 241.83 827.38 1272.59 175.57 280.86
Major Exporters 4/ 28.52 368.19 5.20 146.41 217.91 147.64 36.35
Argentina 5.99 72.42 0.01 16.68 23.07 49.80 5.55
Australia 1.48 21.25 0.00 4.29 6.16 14.73 1.84
Brazil 11.44 149.90 2.66 72.53 107.91 40.51 15.59
Canada 3.48 29.41 2.27 16.50 24.87 6.42 3.88
Russia 1.41 39.35 0.10 22.03 30.60 8.82 1.44
Ukraine 1.35 37.22 0.02 6.85 10.01 23.95 4.63
Major Importers 5/ 35.56 233.93 165.34 294.69 383.68 13.26 37.88
European Union 6/ 13.83 143.48 20.22 111.03 150.09 11.87 15.56
Japan 1.52 0.25 16.87 13.41 17.12 0.00 1.51
Mexico 6.07 28.99 27.66 33.32 56.50 0.03 6.19
N. Afr & Mideast 7/ 6.96 29.73 51.48 70.61 79.50 0.80 7.87
Saudi Arabia 1.41 0.27 10.07 10.03 10.37 0.00 1.39
Southeast Asia 8/ 3.17 30.95 22.69 42.23 53.43 0.56 2.81
South Korea 2.15 0.16 11.62 9.45 11.79 0.00 2.14
Selected Other
China 193.09 310.19 25.78 258.60 350.93 0.03 178.10
================================================================================
WASDE - 675 - 21 September 2026
World Coarse Grain Supply and Use 1/ (Contd.)
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2026/27 Proj.
World 3/
Aug 330.53 1593.01 243.43 998.19 1616.90 252.34 306.65
Sep 332.54 1587.87 244.32 994.77 1615.36 253.46 305.04
World Less China
Aug 152.43 1277.06 219.93 738.84 1265.22 252.31 140.80
Sep 154.44 1271.92 219.30 733.92 1262.19 253.44 139.17
United States
Aug 52.27 418.61 2.25 158.16 341.02 87.74 44.38
Sep 51.69 412.88 2.25 154.35 337.21 87.48 42.13
Total Foreign
Aug 278.26 1174.40 241.17 840.03 1275.88 164.60 262.26
Sep 280.86 1174.99 242.07 840.42 1278.16 165.98 262.91
Major Exporters 4/
Aug 34.48 357.42 5.27 149.46 222.86 139.85 34.47
Sep 36.35 360.02 5.15 148.74 223.92 140.67 36.94
Argentina
Aug 5.55 64.22 0.01 15.03 21.57 43.40 4.81
Sep 5.55 64.22 0.01 15.03 21.62 43.30 4.86
Australia
Aug 1.84 18.45 0.00 5.80 7.68 10.51 2.11
Sep 1.84 21.49 0.00 5.94 7.81 12.83 2.69
Brazil
Aug 14.18 147.21 2.90 72.25 109.28 44.11 10.90
Sep 15.59 147.21 2.80 72.05 110.98 43.41 11.21
Canada
Aug 4.05 30.65 2.14 16.67 25.00 7.78 4.07
Sep 3.88 30.95 2.14 16.82 25.15 7.78 4.04
Russia
Aug 1.44 41.27 0.10 24.30 32.72 7.58 2.52
Sep 1.44 39.97 0.10 23.37 31.62 7.38 2.52
Ukraine
Aug 4.03 38.59 0.01 7.88 11.24 24.27 7.13
Sep 4.63 39.09 0.01 7.98 11.34 23.77 8.63
Major Importers 5/
Aug 38.02 230.25 167.36 298.90 388.72 10.51 36.40
Sep 37.88 230.65 165.88 298.10 387.93 10.31 36.17
European Union 6/
Aug 15.65 130.63 24.42 108.35 147.27 9.26 14.16
Sep 15.56 131.03 24.42 108.95 147.87 9.06 14.07
Japan
Aug 1.51 0.25 16.76 13.26 16.95 0.00 1.58
Sep 1.51 0.25 16.76 13.26 16.95 0.00 1.58
Mexico
Aug 6.43 29.70 28.70 35.85 59.48 0.02 5.32
Sep 6.19 29.70 28.20 35.14 58.77 0.02 5.30
N. Afr & Mideast 7/
Aug 7.69 37.88 47.21 74.09 83.34 0.66 8.78
Sep 7.87 37.88 45.91 73.09 82.34 0.66 8.67
Saudi Arabia
Aug 1.39 0.27 9.01 8.96 9.30 0.00 1.36
Sep 1.39 0.27 9.31 9.26 9.60 0.00 1.36
Southeast Asia 8/
Aug 2.81 31.25 25.03 44.48 55.88 0.57 2.65
Sep 2.81 31.25 25.03 44.48 55.88 0.57 2.65
South Korea
Aug 2.14 0.16 11.61 9.39 11.73 0.00 2.18
Sep 2.14 0.16 11.62 9.40 11.74 0.00 2.18
China
Aug 178.10 315.95 23.50 259.35 351.68 0.03 165.85
Sep 178.10 315.95 25.03 260.85 353.18 0.03 165.88
================================================================================
WASDE - 675 - 22 September 2026
World Corn Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2024/25
World 3/ 313.84 1235.03 186.55 785.80 1253.17 187.58 295.70
World Less China 102.65 940.12 184.73 551.80 937.17 187.58 103.77
United States 44.79 378.27 0.55 138.12 311.24 72.97 39.40
Total Foreign 269.05 856.77 186.00 647.68 941.93 114.62 256.30
Major Exporters 4/ 11.77 243.15 1.94 99.03 140.13 96.15 20.58
Argentina 2.46 49.00 0.01 12.70 17.10 29.07 5.30
Brazil 7.35 136.00 1.76 65.00 92.50 42.01 10.60
Russia 0.76 14.00 0.05 9.80 10.90 3.00 0.91
South Africa 0.65 17.35 0.11 6.23 13.13 2.05 2.93
Ukraine 0.54 26.80 0.02 5.30 6.50 20.02 0.84
Major Importers 5/ 21.36 121.05 107.30 163.95 225.90 3.33 20.48
Egypt 1.43 7.00 10.56 14.70 17.30 0.00 1.69
European Union 6/ 7.26 59.59 18.76 55.80 76.70 2.76 6.15
Japan 1.30 0.02 15.46 12.10 15.40 0.00 1.37
Mexico 5.63 23.10 25.93 27.50 49.10 0.03 5.53
Southeast Asia 7/ 3.17 31.13 20.80 40.25 51.40 0.54 3.16
South Korea 2.04 0.09 11.44 9.25 11.45 0.00 2.13
Selected Other
Canada 2.00 15.35 1.69 8.58 14.44 3.00 1.58
China 211.19 294.92 1.82 234.00 316.00 0.00 191.93
2025/26 Est.
World 3/ 295.70 1330.81 196.33 826.12 1325.13 218.21 301.38
World Less China 103.77 1029.57 192.33 588.12 1005.13 218.19 124.23
United States 39.40 432.34 0.76 161.30 336.69 87.00 48.82
Total Foreign 256.30 898.47 195.56 664.82 988.44 131.21 252.56
Major Exporters 4/ 20.58 267.80 1.80 101.40 149.30 114.80 26.07
Argentina 5.30 63.00 0.01 14.00 18.60 45.00 4.71
Brazil 10.60 141.00 1.70 65.00 98.50 40.00 14.80
Russia 0.91 14.80 0.05 10.00 11.10 4.00 0.66
South Africa 2.93 18.10 0.03 7.40 14.60 3.40 3.06
Ukraine 0.84 30.90 0.01 5.00 6.50 22.40 2.85
Major Importers 5/ 20.48 119.31 111.91 167.30 228.55 2.79 20.36
Egypt 1.69 6.70 12.50 16.20 18.90 0.00 1.99
European Union 6/ 6.15 56.80 19.00 53.70 73.80 2.20 5.95
Japan 1.37 0.02 15.50 12.20 15.50 0.00 1.39
Mexico 5.53 24.70 26.50 29.20 51.00 0.03 5.70
Southeast Asia 7/ 3.16 30.90 22.26 42.00 52.95 0.56 2.81
South Korea 2.13 0.09 11.50 9.40 11.60 0.00 2.12
Selected Other
Canada 1.58 14.87 2.10 9.30 15.30 1.25 2.00
China 191.93 301.24 4.00 238.00 320.00 0.02 177.15
================================================================================
WASDE - 675 - 23 September 2026
World Corn Supply and Use 1/ (Contd.)
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic 2/ Ending
Stocks tion Imports Feed Total Exports Stocks
================================================================================
2026/27 Proj.
World 3/
Aug 298.83 1298.88 203.73 832.46 1323.05 210.48 274.66
Sep 301.38 1290.95 203.11 827.40 1320.23 210.08 272.10
World Less China
Aug 121.68 991.88 198.73 590.46 999.05 210.46 109.53
Sep 124.23 983.95 198.11 585.40 996.23 210.06 106.97
United States
Aug 49.40 406.75 0.64 154.95 331.61 83.19 41.98
Sep 48.82 401.33 0.64 151.14 327.80 83.19 39.79
Total Foreign
Aug 249.43 892.13 203.09 677.51 991.44 127.30 232.68
Sep 252.56 889.62 202.47 676.26 992.43 126.90 232.31
Major Exporters 4/
Aug 23.94 259.50 1.87 102.40 152.30 110.00 23.01
Sep 26.07 258.80 1.87 101.90 153.80 108.90 24.04
Argentina
Aug 4.71 55.00 0.01 13.00 17.70 38.00 4.01
Sep 4.71 55.00 0.01 13.00 17.70 38.00 4.01
Brazil
Aug 13.30 139.00 1.80 65.00 100.00 44.00 10.10
Sep 14.80 139.00 1.80 65.00 102.00 43.00 10.60
Russia
Aug 0.66 17.20 0.05 11.50 12.70 3.80 1.41
Sep 0.66 16.50 0.05 11.00 12.20 3.70 1.31
South Africa
Aug 3.03 16.50 0.00 7.40 14.70 2.20 2.63
Sep 3.06 16.50 0.00 7.40 14.70 2.20 2.66
Ukraine
Aug 2.25 31.80 0.01 5.50 7.20 22.00 4.86
Sep 2.85 31.80 0.01 5.50 7.20 22.00 5.46
Major Importers 5/
Aug 20.56 113.22 120.50 171.85 233.60 2.19 18.50
Sep 20.36 113.62 120.00 171.55 233.30 2.19 18.50
Egypt
Aug 1.99 7.00 13.20 17.40 20.10 0.00 2.09
Sep 1.99 7.00 13.20 17.40 20.10 0.00 2.09
European Union 6/
Aug 5.95 50.20 23.50 53.00 73.00 1.60 5.05
Sep 5.95 50.60 23.50 53.40 73.40 1.60 5.05
Japan
Aug 1.39 0.02 15.50 12.20 15.50 0.00 1.41
Sep 1.39 0.02 15.50 12.20 15.50 0.00 1.41
Mexico
Aug 5.90 24.60 27.70 31.20 53.40 0.02 4.78
Sep 5.70 24.60 27.20 30.50 52.70 0.02 4.78
Southeast Asia 7/
Aug 2.81 31.20 24.55 44.20 55.35 0.57 2.64
Sep 2.81 31.20 24.55 44.20 55.35 0.57 2.64
South Korea
Aug 2.12 0.09 11.50 9.35 11.55 0.00 2.17
Sep 2.12 0.09 11.50 9.35 11.55 0.00 2.17
Canada
Aug 1.85 16.50 2.00 9.40 15.40 3.00 1.95
Sep 2.00 16.80 2.00 9.70 15.70 3.00 2.10
China
Aug 177.15 307.00 5.00 242.00 324.00 0.02 165.13
Sep 177.15 307.00 5.00 242.00 324.00 0.02 165.13
================================================================================
WASDE - 675 - 24 September 2026
World Rice Supply and Use (Milled Basis) 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Total 2/ Ending
Stocks tion Imports Domestic Exports Stocks
================================================================================
2024/25
World 3/ 179.79 542.30 58.03 530.87 61.46 191.22
World Less China 76.79 397.02 55.70 385.91 60.31 86.72
United States 1.27 7.05 1.56 5.30 2.87 1.71
Total Foreign 178.52 535.25 56.47 525.56 58.59 189.51
Major Exporters 4/ 49.98 219.50 3.60 169.96 46.41 56.71
Burma 1.22 11.90 0.01 9.60 2.53 1.00
India 42.00 150.18 0.00 121.36 22.83 48.00
Pakistan 1.22 9.72 0.02 4.20 5.13 1.63
Thailand 2.21 20.84 0.05 12.50 7.86 2.75
Vietnam 3.34 26.85 3.53 22.30 8.06 3.35
Major Importers 5/ 118.08 239.52 23.22 257.91 1.51 121.40
China 103.00 145.28 2.34 144.96 1.15 104.50
European Union 6/ 0.60 1.60 2.53 3.50 0.34 0.89
Indonesia 6.17 34.10 0.81 35.50 0.00 5.58
Nigeria 1.41 5.75 3.30 8.30 0.00 2.16
Philippines 3.40 12.37 5.43 17.50 0.00 3.70
Sel. Mideast 7/ 1.41 2.28 5.57 7.05 0.00 2.21
Selected Other
Brazil 0.34 8.68 0.95 7.40 1.37 1.19
C. Amer & Carib 8/ 0.57 1.41 1.95 3.21 0.09 0.64
Egypt 0.46 3.90 0.16 4.05 0.15 0.31
Japan 1.60 7.29 0.84 8.05 0.05 1.63
Mexico 0.12 0.17 0.89 1.00 0.03 0.15
South Korea 1.21 3.59 0.33 4.25 0.19 0.68
2025/26 Est.
World 3/ 191.22 545.91 56.37 534.39 59.64 202.74
World Less China 86.72 399.58 52.29 387.04 57.58 97.24
United States 1.71 6.56 1.36 5.22 2.56 1.86
Total Foreign 189.51 539.34 55.01 529.17 57.08 200.89
Major Exporters 4/ 56.71 222.92 3.18 169.27 44.90 68.64
Burma 1.00 12.00 0.01 9.30 2.30 1.40
India 48.00 154.02 0.00 120.52 23.00 58.50
Pakistan 1.63 10.00 0.02 4.50 4.50 2.64
Thailand 2.75 20.70 0.05 12.70 7.00 3.80
Vietnam 3.35 26.20 3.10 22.25 8.10 2.30
Major Importers 5/ 121.40 241.71 21.42 261.48 2.51 120.54
China 104.50 146.33 4.08 147.35 2.06 105.50
European Union 6/ 0.89 1.77 2.30 3.60 0.40 0.96
Indonesia 5.58 33.80 0.50 35.30 0.00 4.58
Nigeria 2.16 5.90 2.80 8.60 0.00 2.27
Philippines 3.70 12.35 4.35 17.70 0.00 2.70
Sel. Mideast 7/ 2.21 2.23 4.18 6.98 0.00 1.63
Selected Other
Brazil 1.19 7.60 0.93 7.35 1.40 0.96
C. Amer & Carib 8/ 0.64 1.31 1.98 3.32 0.08 0.53
Egypt 0.31 4.20 0.23 4.15 0.15 0.44
Japan 1.63 7.48 0.75 7.95 0.07 1.85
Mexico 0.15 0.18 0.80 1.01 0.01 0.12
South Korea 0.68 3.54 0.41 3.85 0.18 0.60
================================================================================
WASDE - 675 - 25 September 2026
World Rice Supply and Use (Milled Basis) 1/ (Contd.)
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Total 2/ Ending
Stocks tion Imports Domestic Exports Stocks
================================================================================
2026/27 Proj.
World 3/
Aug 198.17 537.27 60.24 542.80 62.78 192.63
Sep 202.74 533.85 59.83 539.61 62.62 196.99
World Less China
Aug 92.67 390.27 56.24 395.50 60.58 85.63
Sep 97.24 386.85 55.83 392.31 60.42 89.99
United States
Aug 1.71 5.03 1.58 4.70 2.48 1.14
Sep 1.86 5.02 1.58 4.70 2.48 1.28
Total Foreign
Aug 196.46 532.24 58.66 538.11 60.30 191.49
Sep 200.89 528.83 58.24 534.91 60.14 195.70
Major Exporters 4/
Aug 64.34 217.00 3.88 176.80 47.70 60.71
Sep 68.64 214.00 3.68 173.70 47.70 64.91
Burma
Aug 1.40 11.00 0.01 9.10 2.10 1.21
Sep 1.40 11.00 0.01 9.10 2.10 1.21
India
Aug 54.00 150.00 0.00 128.00 25.00 51.00
Sep 58.50 147.00 0.00 125.00 25.00 55.50
Pakistan
Aug 2.64 9.60 0.02 4.70 5.00 2.56
Sep 2.64 9.60 0.02 4.70 5.00 2.56
Thailand
Aug 3.80 20.30 0.05 12.80 7.50 3.85
Sep 3.80 20.30 0.05 12.80 7.50 3.85
Vietnam
Aug 2.50 26.10 3.80 22.20 8.10 2.10
Sep 2.30 26.10 3.60 22.10 8.10 1.80
Major Importers 5/
Aug 120.79 241.78 23.35 262.45 2.65 120.82
Sep 120.54 241.28 23.25 262.20 2.65 120.22
China
Aug 105.50 147.00 4.00 147.30 2.20 107.00
Sep 105.50 147.00 4.00 147.30 2.20 107.00
European Union 6/
Aug 0.96 1.73 2.35 3.70 0.41 0.93
Sep 0.96 1.73 2.35 3.70 0.41 0.93
Indonesia
Aug 4.58 33.60 0.50 35.00 0.00 3.68
Sep 4.58 33.60 0.50 35.00 0.00 3.68
Nigeria
Aug 2.27 5.67 2.90 8.80 0.00 2.04
Sep 2.27 5.67 2.90 8.80 0.00 2.04
Philippines
Aug 2.70 12.40 5.60 17.90 0.00 2.80
Sep 2.70 12.40 5.60 17.90 0.00 2.80
Sel. Mideast 7/
Aug 1.88 2.23 4.70 7.25 0.00 1.56
Sep 1.63 2.23 4.60 7.00 0.00 1.46
Brazil
Aug 0.96 7.40 0.95 7.30 1.40 0.61
Sep 0.96 7.40 0.95 7.30 1.40 0.61
C. Amer & Carib 8/
Aug 0.55 1.33 2.09 3.35 0.08 0.55
Sep 0.53 1.33 2.02 3.33 0.06 0.49
Egypt
Aug 0.44 4.20 0.20 4.18 0.20 0.46
Sep 0.44 4.20 0.20 4.18 0.20 0.46
Japan
Aug 1.90 7.38 0.70 8.05 0.08 1.85
Sep 1.85 7.38 0.70 8.00 0.08 1.85
Mexico
Aug 0.12 0.19 0.83 1.02 0.01 0.10
Sep 0.12 0.19 0.83 1.02 0.01 0.10
South Korea
Aug 0.60 3.49 0.41 3.78 0.18 0.55
Sep 0.60 3.49 0.41 3.78 0.18 0.55
================================================================================
WASDE - 675 - 26 September 2026
World Cotton Supply and Use 1/
(Million 480-Pound Bales)
================================================================================
Supply Use
Region Beginning Produc- Loss Ending
Stocks tion Imports Domestic Exports 2/ Stocks
================================================================================
2024/25
World 73.54 119.53 43.03 119.10 42.40 -0.23 74.83
World Less China 36.83 87.53 37.84 80.10 42.34 -0.23 39.99
United States 3.15 14.41 3/ 1.70 11.90 -0.04 4.00
Total Foreign 70.39 105.12 43.03 117.40 30.50 -0.19 70.83
Major Exporters 4/ 24.29 58.94 4.29 35.07 26.52 -0.19 26.12
Central Asia 5/ 3.15 5.22 0.10 3.94 1.47 0.00 3.06
Afr. Fr. Zone 6/ 1.29 4.44 3/ 0.10 4.27 0.00 1.37
S. Hemis. 7/ 10.19 24.70 0.15 4.36 19.13 -0.19 11.73
Australia 4.22 5.60 3/ 0.00 5.21 -0.19 4.80
Brazil 2.97 17.00 3/ 3.26 13.02 0.00 3.70
India 9.30 24.00 3.04 25.50 1.33 0.00 9.52
Major Importers 8/ 43.92 43.41 35.91 77.80 3.01 0.00 42.42
Mexico 0.24 1.00 0.60 1.35 0.18 0.00 0.31
China 36.71 32.00 5.19 39.00 0.06 0.00 34.84
European Union 9/ 0.32 1.30 0.41 0.46 1.27 0.00 0.30
Turkey 1.40 3.95 4.46 7.10 1.43 0.00 1.28
Pakistan 1.85 5.00 6.10 10.60 0.05 0.00 2.30
Indonesia 0.40 3/ 1.98 1.95 0.02 0.00 0.41
Thailand 0.09 3/ 0.51 0.50 0.00 0.00 0.11
Bangladesh 1.71 0.15 8.05 8.20 0.00 0.00 1.71
Vietnam 1.03 3/ 7.98 8.00 0.00 0.00 1.02
2025/26 Est.
World 74.83 121.95 45.05 121.13 45.58 -0.19 75.31
World Less China 39.99 86.15 37.80 79.53 45.54 -0.19 39.06
United States 4.00 13.90 3/ 1.50 12.30 -0.05 4.15
Total Foreign 70.83 108.05 45.05 119.63 33.28 -0.14 71.16
Major Exporters 4/ 26.12 59.04 6.45 36.64 29.63 -0.16 25.50
Central Asia 5/ 3.06 5.76 0.25 4.93 1.79 0.00 2.35
Afr. Fr. Zone 6/ 1.37 4.03 3/ 0.11 4.13 0.00 1.17
S. Hemis. 7/ 11.73 24.97 0.15 4.46 22.20 -0.16 10.34
Australia 4.80 4.50 3/ 0.00 5.59 -0.16 3.87
Brazil 3.70 18.75 3/ 3.35 15.50 0.00 3.60
India 9.52 23.80 5.10 26.00 1.10 0.00 11.32
Major Importers 8/ 42.42 46.11 35.87 78.54 2.60 0.02 43.24
Mexico 0.31 0.57 0.62 1.20 0.10 0.02 0.18
China 34.84 35.80 7.25 41.60 0.04 0.00 36.24
European Union 9/ 0.30 1.23 0.43 0.47 1.27 0.00 0.23
Turkey 1.28 3.05 4.73 6.80 1.10 0.00 1.15
Pakistan 2.30 5.30 4.40 9.90 0.05 0.00 2.05
Indonesia 0.41 3/ 2.12 2.05 0.02 0.00 0.46
Thailand 0.11 3/ 0.41 0.43 0.00 0.00 0.10
Bangladesh 1.71 0.15 7.20 7.40 0.00 0.00 1.67
Vietnam 1.02 3/ 8.16 8.15 0.00 0.00 1.02
================================================================================
WASDE - 675 - 27 September 2026
World Cotton Supply and Use 1/
(Million 480-Pound Bales)
================================================================================
Supply Use
Region Beginning Produc- Loss Ending
Stocks tion Imports Domestic Exports 2/ Stocks
================================================================================
2026/27 Proj.
World
Aug 74.80 117.63 43.80 122.92 43.82 -0.19 69.69
Sep 75.31 117.32 44.24 122.92 44.22 -0.14 69.86
World Less China
Aug 38.54 84.13 36.80 80.92 43.74 -0.19 35.00
Sep 39.06 83.82 37.24 80.92 44.15 -0.14 35.19
United States
Aug 4.20 13.61 0.01 1.60 12.30 -0.09 4.00
Sep 4.15 13.20 0.01 1.50 12.30 -0.04 3.60
Total Foreign
Aug 70.60 104.02 43.80 121.32 31.52 -0.10 65.69
Sep 71.16 104.11 44.23 121.42 31.92 -0.10 66.26
Major Exporters 4/
Aug 25.16 57.72 4.50 37.29 28.30 -0.10 21.88
Sep 25.50 58.19 4.50 37.29 28.73 -0.10 22.27
Central Asia 5/
Aug 2.37 5.70 0.25 4.93 1.50 0.00 1.90
Sep 2.35 5.82 0.25 4.93 1.55 0.00 1.95
Afr. Fr. Zone 6/
Aug 1.17 4.20 3/ 0.11 4.14 0.00 1.13
Sep 1.17 4.30 3/ 0.11 4.32 0.00 1.04
S. Hemis. 7/
Aug 10.27 23.35 0.15 4.51 20.84 -0.10 8.52
Sep 10.34 23.60 0.15 4.51 21.04 -0.10 8.64
Australia
Aug 3.76 3.00 3/ 0.00 4.50 -0.10 2.36
Sep 3.87 3.00 3/ 0.00 4.50 -0.10 2.47
Brazil
Aug 3.60 18.25 0.01 3.40 15.30 0.00 3.16
Sep 3.60 18.50 0.01 3.40 15.50 0.00 3.21
India
Aug 11.02 24.00 3.00 26.50 1.50 0.00 10.02
Sep 11.32 24.00 3.00 26.50 1.50 0.00 10.32
Major Importers 8/
Aug 43.13 43.36 36.50 79.48 2.02 0.00 41.48
Sep 43.24 42.98 36.91 79.58 2.02 0.00 41.52
Mexico
Aug 0.18 0.65 0.65 1.20 0.10 0.00 0.18
Sep 0.18 0.67 0.65 1.20 0.10 0.00 0.20
China
Aug 36.26 33.50 7.00 42.00 0.08 0.00 34.69
Sep 36.24 33.50 7.00 42.00 0.08 0.00 34.67
European Union 9/
Aug 0.23 1.25 0.43 0.46 1.17 0.00 0.28
Sep 0.23 1.25 0.43 0.46 1.17 0.00 0.28
Turkey
Aug 1.08 2.70 4.80 6.80 0.60 0.00 1.18
Sep 1.15 2.40 5.00 6.80 0.60 0.00 1.15
Pakistan
Aug 2.05 5.10 5.00 10.20 0.05 0.00 1.90
Sep 2.05 5.00 5.10 10.20 0.05 0.00 1.90
Indonesia
Aug 0.40 3/ 2.00 2.00 0.02 0.00 0.38
Sep 0.46 3/ 2.10 2.10 0.02 0.00 0.45
Thailand
Aug 0.11 3/ 0.45 0.45 0.00 0.00 0.11
Sep 0.10 3/ 0.45 0.45 0.00 0.00 0.10
Bangladesh
Aug 1.67 0.15 7.40 7.60 0.00 0.00 1.62
Sep 1.67 0.15 7.40 7.60 0.00 0.00 1.62
Vietnam
Aug 1.02 3/ 8.20 8.20 0.00 0.00 1.03
Sep 1.02 3/ 8.20 8.20 0.00 0.00 1.03
================================================================================
WASDE - 675 - 28 September 2026
World Soybean Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic Ending
Stocks tion Imports Crush Total Exports Stocks
================================================================================
2024/25
World 2/ 115.10 428.11 179.15 359.16 412.08 184.33 125.95
World Less China 71.79 407.46 71.15 255.66 284.68 184.26 81.46
United States 9.32 119.05 0.81 66.55 68.84 51.50 8.84
Total Foreign 105.78 309.07 178.34 292.62 343.24 132.84 117.11
Major Exporters 3/ 54.47 238.05 7.06 105.35 115.35 121.02 63.22
Argentina 24.05 51.11 6.32 43.24 48.94 7.87 24.67
Brazil 29.76 172.50 0.73 58.16 62.16 103.14 37.69
Paraguay 0.29 10.20 0.00 3.70 3.80 6.41 0.29
Major Importers 4/ 46.21 24.54 142.49 133.17 164.84 0.42 47.98
China 43.31 20.65 108.00 103.50 127.40 0.07 44.49
European Union 1.30 2.91 14.71 15.40 17.02 0.33 1.56
Southeast Asia 5/ 0.83 0.45 10.10 5.11 10.18 0.01 1.18
Mexico 0.61 0.28 6.43 6.65 6.74 0.00 0.59
2025/26 Est.
World 2/ 125.95 429.41 187.78 374.31 430.64 187.23 125.27
World Less China 81.46 408.51 74.78 265.31 296.74 187.10 80.91
United States 8.84 115.99 0.68 72.26 75.30 41.37 8.85
Total Foreign 117.11 313.42 187.10 302.05 355.34 145.86 116.42
Major Exporters 3/ 63.22 244.20 8.23 107.90 118.96 134.30 62.39
Argentina 24.67 49.50 7.30 42.00 48.40 9.00 24.07
Brazil 37.69 180.50 0.90 62.00 66.40 115.00 37.69
Paraguay 0.29 12.10 0.02 3.80 3.91 8.20 0.30
Major Importers 4/ 47.98 24.70 147.87 139.03 172.05 0.48 48.03
China 44.49 20.90 113.00 109.00 133.90 0.13 44.36
European Union 1.56 2.85 14.00 15.00 16.57 0.33 1.52
Southeast Asia 5/ 1.18 0.41 10.97 5.73 11.19 0.01 1.36
Mexico 0.59 0.30 6.70 6.85 6.95 0.01 0.63
2026/27 Proj.
World 2/
Aug 125.12 442.25 189.27 384.76 442.02 190.41 124.21
Sep 125.27 442.35 190.42 385.22 442.44 191.58 124.02
World Less China
Aug 80.76 421.25 74.27 273.76 306.02 190.31 79.95
Sep 80.91 421.35 75.42 274.22 306.44 191.48 79.76
United States
Aug 8.85 122.99 0.68 75.66 78.63 45.18 8.71
Sep 8.85 123.42 0.68 75.66 78.66 45.86 8.43
Total Foreign
Aug 116.28 319.27 188.59 309.11 363.40 145.23 115.50
Sep 116.42 318.92 189.74 309.57 363.79 145.72 115.58
Major Exporters 3/
Aug 62.14 250.20 7.33 111.75 123.26 134.70 61.71
Sep 62.39 250.20 7.33 111.75 123.26 134.70 61.96
Argentina
Aug 23.82 50.00 6.50 43.00 49.65 6.45 24.22
Sep 24.07 50.00 6.50 43.00 49.65 6.45 24.47
Brazil
Aug 37.69 186.00 0.80 65.00 69.60 118.00 36.89
Sep 37.69 186.00 0.80 65.00 69.60 118.00 36.89
Paraguay
Aug 0.30 11.10 0.02 3.60 3.71 7.35 0.36
Sep 0.30 11.10 0.02 3.60 3.71 7.35 0.36
Major Importers 4/
Aug 48.02 24.89 149.66 141.12 174.31 0.38 47.89
Sep 48.03 24.74 150.34 141.57 174.83 0.38 47.90
China
Aug 44.36 21.00 115.00 111.00 136.00 0.10 44.26
Sep 44.36 21.00 115.00 111.00 136.00 0.10 44.26
European Union
Aug 1.53 2.95 13.20 14.50 16.02 0.25 1.41
Sep 1.52 2.80 13.70 14.85 16.37 0.25 1.40
Southeast Asia 5/
Aug 1.34 0.38 11.56 6.27 11.85 0.02 1.41
Sep 1.36 0.38 11.64 6.27 11.92 0.02 1.44
Mexico
Aug 0.64 0.32 6.75 6.95 7.05 0.01 0.65
Sep 0.63 0.32 6.75 6.95 7.05 0.01 0.64
================================================================================
WASDE - 675 - 29 September 2026
World Soybean Meal Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Stocks tion Imports Domestic Exports Stocks
Region Beginning Produc- Total Exports Ending
================================================================================
2024/25
World 2/ 14.32 281.75 77.88 273.12 82.89 17.94
World Less China 13.52 199.78 77.84 192.27 81.87 17.00
United States 0.41 53.02 0.73 37.41 16.40 0.36
Total Foreign 13.91 228.74 77.15 235.72 66.49 17.58
Major Exporters 3/ 5.45 86.93 0.29 31.21 54.95 6.51
Argentina 2.26 33.51 0.28 3.53 29.78 2.74
Brazil 2.97 44.38 0.01 20.50 23.39 3.47
India 0.22 9.04 0.01 7.19 1.78 0.30
Major Importers 4/ 2.30 23.31 44.01 65.11 1.05 3.46
European Union 0.84 12.17 20.61 31.24 0.65 1.72
Mexico 0.16 5.26 2.35 7.45 0.00 0.31
Southeast Asia 5/ 1.19 3.99 19.44 22.91 0.40 1.31
China 0.79 81.97 0.05 80.85 1.02 0.94
2025/26 Est.
World 2/ 17.94 292.92 83.00 288.71 85.88 19.27
World Less China 17.00 207.25 82.85 204.16 84.88 18.05
United States 0.36 57.43 0.89 39.67 18.60 0.41
Total Foreign 17.58 235.49 82.11 249.04 67.29 18.86
Major Exporters 3/ 6.51 87.81 0.41 32.53 55.25 6.95
Argentina 2.74 32.34 0.35 3.60 29.00 2.83
Brazil 3.47 47.49 0.01 21.80 25.25 3.92
India 0.30 7.98 0.05 7.13 1.00 0.20
Major Importers 4/ 3.46 23.54 46.05 68.44 0.97 3.64
European Union 1.72 11.85 20.30 31.54 0.70 1.63
Mexico 0.31 5.41 2.95 8.30 0.00 0.37
Southeast Asia 5/ 1.31 4.51 21.20 25.20 0.27 1.55
China 0.94 85.67 0.15 84.55 1.00 1.22
2026/27 Proj.
World 2/
Aug 19.24 301.55 85.42 297.08 89.44 19.69
Sep 19.27 301.94 85.45 297.57 89.44 19.65
World Less China
Aug 17.97 213.64 85.32 210.33 88.34 18.26
Sep 18.05 214.03 85.35 210.72 88.34 18.37
United States
Aug 0.41 59.69 0.79 39.89 20.59 0.41
Sep 0.41 59.69 0.82 39.92 20.59 0.41
Total Foreign
Aug 18.83 241.85 84.63 257.18 68.85 19.28
Sep 18.86 242.25 84.64 257.65 68.85 19.24
Major Exporters 3/
Aug 6.90 91.12 0.36 33.75 57.70 6.93
Sep 6.95 91.12 0.41 33.75 57.70 7.03
Argentina
Aug 2.78 33.11 0.25 3.65 29.60 2.89
Sep 2.83 33.11 0.30 3.65 29.60 2.99
Brazil
Aug 3.92 50.01 0.01 23.00 27.10 3.84
Sep 3.92 50.01 0.01 23.00 27.10 3.84
India
Aug 0.20 8.00 0.10 7.10 1.00 0.20
Sep 0.20 8.00 0.10 7.10 1.00 0.20
Major Importers 4/
Aug 3.54 23.65 47.38 70.03 0.89 3.65
Sep 3.64 24.00 47.38 70.39 0.89 3.74
European Union
Aug 1.57 11.46 20.40 31.34 0.60 1.48
Sep 1.63 11.73 20.40 31.57 0.60 1.59
Mexico
Aug 0.33 5.49 3.15 8.60 0.00 0.37
Sep 0.37 5.49 3.15 8.68 0.00 0.33
Southeast Asia 5/
Aug 1.55 4.90 22.20 26.65 0.29 1.72
Sep 1.55 4.90 22.20 26.65 0.29 1.72
China
Aug 1.27 87.91 0.10 86.75 1.10 1.43
Sep 1.22 87.91 0.10 86.85 1.10 1.28
================================================================================
WASDE - 675 - 30 September 2026
World Soybean Oil Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Stocks tion Imports Domestic Exports Stocks
Region Beginning Produc- Total Exports Ending
================================================================================
2024/25
World 2/ 5.71 70.07 14.18 68.27 15.26 6.44
World Less China 4.55 49.97 13.89 47.77 14.94 5.69
United States 0.70 13.25 0.16 12.21 1.12 0.79
Total Foreign 5.01 56.81 14.02 56.06 14.14 5.64
Major Exporters 3/ 1.59 24.10 0.95 15.47 9.92 1.25
Argentina 0.67 8.63 0.11 1.98 7.10 0.32
Brazil 0.18 11.84 0.09 10.41 1.49 0.21
European Union 0.66 2.93 0.76 3.01 0.71 0.63
Major Importers 4/ 2.18 23.68 8.00 30.59 0.51 2.75
China 1.17 20.10 0.30 20.50 0.32 0.75
India 0.75 2.03 5.47 6.65 0.03 1.58
North Africa 5/ 0.24 1.21 1.29 2.24 0.17 0.33
2025/26 Est.
World 2/ 6.44 73.36 13.50 71.97 14.82 6.51
World Less China 5.69 51.56 13.30 51.07 13.77 5.71
United States 0.79 14.05 0.20 13.77 0.44 0.83
Total Foreign 5.64 59.31 13.30 58.20 14.38 5.67
Major Exporters 3/ 1.25 24.59 1.00 15.92 9.65 1.28
Argentina 0.32 8.38 0.15 1.98 6.45 0.42
Brazil 0.21 12.64 0.10 10.95 1.80 0.20
European Union 0.63 2.85 0.75 2.91 0.75 0.57
Major Importers 4/ 2.75 25.40 7.53 31.58 1.29 2.81
China 0.75 21.80 0.20 20.90 1.05 0.80
India 1.58 1.80 5.30 7.09 0.04 1.55
North Africa 5/ 0.33 1.38 1.42 2.49 0.20 0.44
2026/27 Proj.
World 2/
Aug 6.44 75.03 13.31 73.20 14.64 6.94
Sep 6.51 75.12 13.43 73.38 14.75 6.92
World Less China
Aug 5.63 53.47 13.01 52.40 13.74 5.97
Sep 5.71 53.57 13.23 52.58 13.75 6.17
United States
Aug 0.83 14.94 0.27 15.02 0.18 0.85
Sep 0.83 14.94 0.27 15.02 0.18 0.85
Total Foreign
Aug 5.61 60.08 13.04 58.18 14.46 6.09
Sep 5.67 60.18 13.16 58.37 14.57 6.07
Major Exporters 3/
Aug 1.23 25.28 0.84 16.04 9.75 1.57
Sep 1.28 25.34 0.84 16.09 9.75 1.63
Argentina
Aug 0.41 8.58 0.14 1.99 6.65 0.49
Sep 0.42 8.58 0.14 1.99 6.65 0.50
Brazil
Aug 0.20 13.26 0.10 11.40 1.70 0.46
Sep 0.20 13.26 0.10 11.40 1.70 0.46
European Union
Aug 0.54 2.76 0.60 2.56 0.80 0.54
Sep 0.57 2.82 0.60 2.61 0.80 0.59
Major Importers 4/
Aug 2.83 25.26 7.25 31.23 1.09 3.02
Sep 2.81 25.26 7.35 31.34 1.19 2.89
China
Aug 0.81 21.56 0.30 20.80 0.90 0.97
Sep 0.80 21.56 0.20 20.80 1.00 0.75
India
Aug 1.55 1.80 4.80 6.54 0.02 1.60
Sep 1.55 1.80 5.00 6.65 0.02 1.69
North Africa 5/
Aug 0.44 1.46 1.35 2.65 0.18 0.42
Sep 0.44 1.46 1.35 2.65 0.18 0.42
================================================================================
WASDE - 675 - 31 September 2026
U.S. Quarterly Animal Product Production 1/
================================================================================
Year Red Total Red
and meat poultry meat &
quarter Beef Pork 2/ Broiler Turkey 3/ poultry Egg Milk
================================================================================
Million Pounds Mil doz Bil lbs
2025
III 6360 6614 13012 12432 1275 13850 26861 2217 58.2
IV 6647 7301 13986 12118 1242 13482 27469 2248 57.8
Annual 26003 27578 53740 48006 4844 53359 107099 8765 231.7
2026
I 6148 7050 13236 12002 1231 13368 26604 2232 58.6
II 6154 6755 12944 12419 1269 13839 26783 2253 60.3
III* 6140 6620 12797 12800 1300 14250 27047 2315 59.4
IV* 6435 7345 13818 12400 1300 13835 27653 2340 58.9
AugProj. 24967 27876 52990 49623 5100 55291 108281 9109 236.6
SepProj. 24877 27771 52795 49620 5099 55292 108087 9140 237.2
2027
I* 6165 7010 13213 12150 1250 13535 26748 2300 59.3
II* 6110 6765 12913 12500 1275 13915 26828 2315 60.7
AugProj. 24980 28135 53265 49900 5125 55580 108845 9320 238.0
SepProj. 24835 28070 53055 50000 5125 55680 108735 9320 238.6
================================================================================
U.S. Quarterly Prices for Animal Products
================================================================================
Year Barrows
and Streers and gilts Broilers Turkeys Eggs Milk
quarter 2/ 3/ 4/ 5/ 6/ 7/
================================================================================
Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt
2025
III 239.62 77.05 121.9 156.8 283.0 20.70
IV 227.62 64.87 110.5 172.2 192.0 19.50
Annual 224.37 68.80 124.8 135.8 373.7 21.18
2026
I 238.65 64.50 119.5 169.9 125.2 18.50
II 255.76 67.79 122.6 176.3 67.0 21.07
III* 230.00 69.00 116.0 182.0 104.0 19.70
IV* 225.00 58.00 117.0 170.0 130.0 20.40
AugProj. 245.35 65.32 119.0 170.3 110.6 19.85
SepProj. 237.35 64.82 118.8 174.6 106.6 19.90
2027
I* 235.00 61.00 120.0 140.0 120.0 20.00
II* 235.00 67.00 123.0 135.0 100.0 19.40
AugProj. 249 65 122 130 111 19.80
SepProj. 238 64 122 140 111 19.80
================================================================================
WASDE - 675 - 32 September 2026
U.S. Meats Supply and Use
================================================================================
Disappearance
Beg- Produc- Per
Item inning tion Total Ending capita
stocks 1/ Imports Supply Exports stocks Total 2/ 3/
================================================================================
Million Pounds 4/
Beef
2025 602 26071 5388 32061 2579 577 28905 59.2
2026 Proj.
Aug 577 25035 6132 31744 2333 565 28846 58.9
Sep 577 24945 6262 31784 2343 565 28876 59.0
2027 Proj.
Aug 565 25048 6050 31663 2315 555 28793 58.7
Sep 565 24903 6050 31518 2325 575 28618 58.3
Pork
2025 435 27593 1117 29145 6972 430 21744 49.3
2026 Proj.
Aug 430 27892 1174 29496 7175 445 21875 49.5
Sep 430 27787 1164 29381 7110 445 21825 49.4
2027 Proj.
Aug 445 28151 1185 29781 7340 435 22006 49.7
Sep 445 28086 1165 29696 7190 435 22071 49.9
TotalRed
Meat5/
2025 1058 53833 6853 61744 9557 1024 51163 109.8
2026 Proj.
Aug 1024 53084 7708 61816 9515 1027 51273 109.8
Sep 1024 52889 7790 61703 9460 1027 51216 109.7
2027 Proj.
Aug 1027 53359 7630 62016 9662 1008 51346 109.8
Sep 1027 53149 7585 61761 9522 1028 51211 109.5
Broiler
2025 761 47493 152 48406 6665 786 40955 102.9
2026 Proj.
Aug 786 49092 134 50013 6593 790 42629 106.8
Sep 786 49090 136 50012 6593 780 42639 106.8
2027 Proj.
Aug 790 49366 132 50288 6575 790 42923 107.3
Sep 780 49465 136 50381 6500 790 43091 107.7
Turkey
2025 219 4844 38 5101 420 175 4507 13.2
2026 Proj.
Aug 175 5100 37 5312 426 200 4686 13.7
Sep 175 5099 37 5311 441 190 4679 13.6
2027 Proj.
Aug 200 5125 36 5361 415 190 4756 13.8
Sep 190 5125 36 5351 415 190 4746 13.8
Total
Poultry6/
2025 985 52845 193 54023 7131 973 45919 117.4
2026 Proj.
Aug 973 54759 173 55905 7061 1002 47843 122.0
Sep 973 54760 176 55909 7076 982 47851 122.0
2027 Proj.
Aug 1002 55045 170 56217 7034 991 48192 122.6
Sep 982 55144 174 56300 6959 991 48350 123.1
RedMeat& Poultry
2025 2043 106679 7046 115767 16688 1997 97082 227.3
2026 Proj.
Aug 1997 107843 7881 117721 16576 2029 99116 231.8
Sep 1997 107649 7966 117612 16536 2009 99067 231.7
2027 Proj.
Aug 2029 108404 7800 118234 16696 1999 99538 232.4
Sep 2009 108293 7759 118062 16481 2019 99561 232.6
================================================================================
WASDE - 675 - 33 September 2026
U.S. Egg Supply and Use
================================================================================
2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj.
Commodity Aug Sep Aug Sep
================================================================================
Million Dozen
Eggs
Supply
BeginningStocks 23.1 14.2 17.1 17.1 22.0 22.0
Production 9076.2 8765.0 9108.7 9140.0 9320.0 9320.0
Imports 30.1 120.9 17.7 17.7 12.0 12.0
Total Supply 9129.4 8900.1 9143.5 9174.7 9354.0 9354.0
Use
Exports 235.7 203.5 251.8 271.8 300.0 300.0
Hatching Use 1148.2 1163.8 1181.6 1181.1 1180.0 1180.0
Ending Stocks 14.2 17.1 22.0 22.0 22.0 22.0
Disappearance
Total 7731.3 7515.8 7688.1 7699.9 7852.0 7852.0
Per Capita (number) 272.8 263.8 269.0 269.5 274.2 274.3
================================================================================
U.S. Milk Supply and Use
================================================================================
2024 2025 2026Proj. 2026Proj. 2027Proj. 2027Proj.
Commodity Aug Sep Aug Sep
================================================================================
Billion Pounds
Milk
Production 225.9 231.7 236.6 237.2 238.0 238.6
Farm Use 1.0 1.0 1.0 1.0 1.0 1.0
FatBasisSupply
BeginningStocks 13.8 13.1 12.6 12.6 12.5 12.8
Marketings 224.9 230.7 235.6 236.2 237.0 237.6
Imports 9.1 7.4 8.6 8.8 8.3 8.5
Total Supply 247.8 251.1 256.8 257.6 257.8 258.9
FatBasisUse
Exports 11.8 16.7 20.7 20.5 21.3 20.3
Ending Stocks 13.1 12.6 12.5 12.8 12.0 12.2
Domestic Use 222.9 221.7 223.6 224.3 224.5 226.5
Skim-solidBasisSupply
BeginningStocks 9.8 9.1 9.2 9.2 9.2 9.5
Marketings 224.9 230.7 235.6 236.2 237.0 237.6
Imports 6.8 6.9 6.9 6.7 7.0 6.8
Total Supply 241.5 246.6 251.7 252.1 253.2 253.9
Skim-solidBasisUse
Exports 48.5 47.9 49.3 49.1 49.5 49.3
Ending Stocks 9.1 9.2 9.2 9.5 8.9 9.1
Domestic Use 183.9 189.5 193.2 193.5 194.8 195.5
================================================================================
WASDE - 675 - 34 September 2026
U.S. Dairy Prices
================================================================================
Commod- 2024 2025 2026 Proj. 2026 Proj. 2027 Proj. 2027 Proj.
ity Aug Sep Aug Sep
================================================================================
Dollars Per Pound
Product Prices 1/
Cheese 1.8634 1.7878 1.575 1.570 1.665 1.645
Butter 2.8870 2.2202 1.645 1.595 1.705 1.625
Nonfat Dry
Milk 1.2420 1.2348 1.605 1.670 1.470 1.550
Dry Whey 0.4913 0.5956 0.670 0.670 0.680 0.690
Milk Prices 2/ Dollars Per Cwt
ClassIII 18.89 18.01 16.25 16.20 17.25 17.10
Class IV 20.75 17.38 18.15 18.55 17.20 17.55
All Milk
3/ 22.55 21.18 19.85 19.90 19.80 19.80
================================================================================
WASDE - 675 - 35 September 2026
Reliability of September Projections 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Metric Tons
WHEAT
Production
World 1.9 3.2 8.6 0.9 30.7 30 15
U.S. 2.3 3.9 1.0 0.0 3.6 18 27
Foreign 2.1 3.6 8.6 0.2 30.9 33 12
Exports
World 5.8 9.7 6.9 0.3 22.0 35 10
U.S. 9.7 16.4 2.3 0.0 10.0 21 24
Foreign 7.1 11.9 6.6 0.2 21.4 34 11
Domestic Use
World 1.7 2.8 7.4 0.2 33.8 27 18
U.S. 7.0 11.7 1.8 0.0 5.5 15 30
Foreign 1.7 2.8 7.4 0.1 33.6 31 14
Ending Stocks
World 7.7 13.0 10.1 0.3 30.5 34 11
U.S. 13.7 23.0 2.6 0.5 12.4 27 18
Foreign 8.4 14.2 8.9 0.5 28.3 34 11
COARSE GRAINS 2/
Production
World 2.1 3.6 17.8 0.2 55.1 34 11
U.S. 4.0 6.7 7.7 0.2 26.0 28 17
Foreign 2.5 4.2 15.9 1.0 59.9 32 13
Exports
World 6.8 11.4 7.0 0.1 25.2 32 13
U.S. 19.7 33.1 7.6 0.4 19.1 20 25
Foreign 12.8 21.6 7.9 0.7 20.9 30 15
Domestic Use
World 1.6 2.6 13.1 0.4 46.2 26 19
U.S. 3.5 5.9 6.0 0.1 15.8 29 16
Foreign 1.8 3.0 11.9 0.4 40.8 29 16
Ending Stocks
World 13.4 22.6 18.9 1.7 170.3 32 13
U.S. 28.9 48.7 8.9 0.1 35.8 19 26
Foreign 15.4 25.9 14.9 0.7 155.3 36 9
RICE, milled
Production
World 2.2 3.7 6.2 0.4 24.1 36 9
U.S. 4.1 6.9 0.2 0.0 0.5 24 20
Foreign 2.2 3.7 6.3 0.3 24.4 36 9
Exports
World 9.0 15.2 2.0 0.1 7.6 32 13
U.S. 11.6 19.5 0.2 0.0 0.9 20 23
Foreign 10.1 17.0 2.0 0.1 7.9 32 13
Domestic Use
World 1.7 2.9 4.2 0.4 22.7 35 10
U.S. 6.6 11.1 0.2 0.0 0.5 23 21
Foreign 1.7 2.9 4.2 0.2 23.1 35 10
Ending Stocks
World 11.6 19.5 6.5 0.2 26.9 38 7
U.S. 21.7 36.6 0.2 0.0 0.9 24 21
Foreign 12.6 21.2 6.5 0.2 26.7 38 7
================================================================================
WASDE - 675 - 36 September 2026
Reliability of September Projections (Continued) 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Metric Tons
SOYBEANS
Production
World 4.5 7.6 7.8 0.4 31.7 24 21
U.S. 4.8 8.1 3.0 0.2 10.4 23 22
Foreign 7.3 12.3 7.2 0.7 33.3 20 25
Exports
World 7.2 12.1 4.0 0.1 19.9 29 16
U.S. 11.7 19.7 3.0 0.1 9.8 26 19
Foreign 16.9 28.4 3.8 0.0 21.8 21 24
Domestic Use
World 3.2 5.4 5.1 0.0 15.3 27 18
U.S. 4.2 7.1 1.6 0.1 4.5 27 18
Foreign 3.9 6.6 4.9 0.0 16.0 27 18
Ending Stocks
World 16.6 27.9 5.3 0.2 24.8 24 21
U.S. 46.6 78.5 2.4 0.1 8.2 16 29
Foreign 18.4 31.1 4.8 0.0 24.7 26 18
COTTON
Production
World 4.5 7.5 3.1 0.1 12.6 26 19
U.S. 6.6 11.1 0.9 0.0 2.5 21 23
Foreign 5.0 8.4 2.8 0.0 11.3 28 17
Exports
World 9.4 15.9 2.5 0.0 10.1 26 19
U.S. 19.3 32.5 1.1 0.1 3.4 25 20
Foreign 12.4 20.9 2.0 0.1 8.8 24 21
Domestic Use
World 4.9 8.2 3.6 0.1 19.3 18 27
U.S. 10.3 17.3 0.4 0.0 1.3 18 25
Foreign 4.9 8.3 3.5 0.0 18.5 19 25
Ending Stocks
World 13.9 23.3 5.8 0.2 16.8 29 16
U.S. 38.2 64.3 1.3 0.0 5.1 19 24
Foreign 14.2 23.9 5.3 0.2 16.8 29 16
================================================================================
WASDE - 675 - 37 September 2026
Reliability of United States September Projections 1/
================================================================================
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean Confidence Below Above
Region square error interval Average Smallest Largest Final Final
================================================================================
Million Bushels
CORN
Production 4.2 7.0 291 15 885 28 17
Exports 20.4 34.3 280 25 725 20 25
Domestic Use 3.8 6.4 237 0 575 28 16
Ending Stocks 32.2 54.1 339 2 1386 19 26
SORGHUM
Production 8.5 14.2 25 0 81 19 25
Exports 38.5 64.9 43 0 150 21 23
Domestic Use 27.0 45.4 41 0 145 23 20
Ending Stocks 47.7 80.3 29 1 155 15 30
BARLEY
Production 5.1 8.5 10 0 36 18 26
Exports 72.4 121.9 11 0 82 20 20
Domestic Use 10.0 16.9 21 0 72 16 27
Ending Stocks 17.5 29.5 17 0 70 22 22
OATS
Production 9.5 15.9 10 0 44 9 33
Exports 90.4 152.2 1 0 8 13 14
Domestic Use 6.3 10.6 12 0 39 13 31
Ending Stocks 22.3 37.6 13 0 47 22 22
Thousand Short Tons
SOYBEAN MEAL
Production 4.1 6.9 1247 29 4200 31 14
Exports 13.4 22.6 861 34 4100 27 18
Domestic Use 3.5 6.0 799 26 3200 27 18
Ending Stocks 37.3 62.7 51 0 368 15 17
Million Pounds
SOYBEAN OIL
Production 4.3 7.2 582 26 2635 30 15
Exports 51.8 87.2 493 0 1950 25 19
Domestic Use 4.1 6.9 528 86 2150 28 17
Ending Stocks 29.0 48.8 410 55 1357 25 20
ANIMAL PROD. 3/ Million Pounds
Beef 3.9 6.6 799 32 2486 31 13
Pork 2.9 4.9 426 5 1356 23 21
Broilers 2.0 3.4 517 23 1379 27 17
Turkeys 4.2 7.1 162 2 535 22 22
Million Dozen
Eggs 2.5 4.3 143 4 858 25 19
Billion Pounds
Milk 1.6 2.8 2.2 0.1 7.2 24 20
================================================================================