Report Snapshot | Bigger-than-expected corn, wheat stocks

USDA reported quarterly corn stocks data as of Sept. 1 were nearly 200 million bu. higher than the average analyst estimate, while soybeans were slightly below. Wheat production also surpassed pre-report expectations.

By Hillari Mason

Updated September 30, 2025 11:10 AM

Quarterly Grain Stocks Report
Corn – billion bu.
USDA Sept. 1, 2025	1.532
Average est.	1.337
USDA June 1, 2025	4.644
USDA Sept. 1, 2024	1.763

Soybeans – billion bu.
USDA Sept. 1, 2025	316
Average est.	323
USDA June 1, 2025	1.008
USDA Sept. 1, 2024	342

Wheat – billion bu.
USDA Sept. 1, 2025	2.12
Average est.	2.043
USDA June 1, 2025	851
USDA Sept. 1, 2024	1.992

U.S. Wheat Production

All wheat – billion bu.
USDA	1.985
Average est.	1.925
USDA August	1.927
USDA 2024	1.971

Winter wheat – billion bu.
USDA	1.402
Average est.	1.354
USDA August	1.355
USDA 2024	1.349

HRW wheat – million bu.
USDA	804
Average est.	768
USDA August	769
USDA 2024	770

SRW wheat – million bu.
USDA	353
Average est.	340
USDA August	339
USDA 2024	342

White winter wheat – million bu.
USDA	244
Average est.	247
USDA August	247
USDA 2024	236

Other spring wheat – million bu.
USDA	497
Average est.	484
USDA August	NA
USDA 2024	504

Durum wheat – million bu.
USDA	86
Average est.	86
USDA August	87
USDA 2024	80

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