Report Snapshot | USDA cuts wheat production estimate

USDA sees U.S. wheat production at 1.543 billion bushels; world corn ending stocks estimate rises

USDA
USDA
(USDA)

U.S. Corn, Soybean and Cotton Production
Corn
Production (bil. bu.)
Yield (bu. per acre)
USDA
15.995
183.0
Average est.
15.989
182.9
USDA 2025-26
17.021
186.5
Soybeans
Production (bil. bu.)
Yield (bu. per acre)
USDA
4.435
53.0
Average est.
4.43
52.9
USDA 2025-26
4.262
53.0
Cotton
Production (mil. bales)
Yield (lbs. per acre)
USDA
13.30866
Average est.
13.53N/A
USDA 2025-26
13.90
852

U.S. Wheat Production

All wheat – billion bu.
USDA
1.543
Average est.
1.555
USDA 2025
1.985

Winter wheat – billion bu.
USDA
1.030
Average est.
1.041
USDA 2025
1.402

HRW wheat – million bu.
USDA
496.9
Average est.
508.1
USDA 2025
804

SRW wheat – million bu.
USDA
300.3
Average est.
302.3
USDA 2025
353

White winter wheat – million bu.
USDA
232.6
Average est.
231
USDA 2025
244


Other spring wheat and durum– million bu.
USDA
513
Average est.
514.1
USDA July
NA
USDA 2025
582.9


U.S. Carryover
Corn – billion bushels
2025-26
2026-27
USDA
2.1451.960
Average est.
2.137
1.947
USDA May
2.142
1.957
Soybeans – million bushels
2025-26
2026-27
USDA
340310
Average est.
339311
USDA May
340
310
Wheat – million bushels
2025-26
2026-27
USDA
935744
Average est.
942
764
USDA May
935
762
Cotton – million bales
2025-26
2026-27
USDA
4.203.70
Average est.
N/A
4.12
USDA May
4.40
3.90

Global Carryover
Corn – MMT
2025-26
2026-27
USDA
303.4281.2
Average est.
298.3
278.5
USDA May
296.95277.54
Soybeans – MMT
2025-26
2026-27
USDA
125.5124.9
Average est.
125.5
125.3
USDA May
125.13
124.78
Wheat – MMT
2025-26
2026-27
USDA
280275.4
Average est.
279.3
274.8
USDA April
279.21
275.04
Cotton – million bales
2025-26
2026-27
USDA
76.6371.13
Average est.
N/A
72.33
USDA May
77.04
71.84
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