USDA WASDEWASDE Report · September 2026

USDA WASDE World Balances

The USDA's WASDE (World Agricultural Supply and Demand Estimates) report is published monthly and details global production, stocks and consumption for major grains and oilseeds.

🌾Soft wheat
Moderate
Production
822.43 Mt
Stocks
276.29 Mt
Consumption
822.46 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
33.60%
Stocks vs prev. report: +3.04 Mt
Tension signal
🌽Corn
Very tight
Production
1,290.95 Mt
Stocks
272.10 Mt
Consumption
1,313.25 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
20.70%
Stocks vs prev. report: -2.56 Mt
Tension signal
🌿Barley
Very tight
Production
160.87 Mt
Stocks
23.36 Mt
Consumption
156.93 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
14.90%
Stocks vs prev. report: +1.23 Mt
Tension signal
🌱Other coarse grains
Moderate
Production
669.90 Mt
Stocks
206.57 Mt
Consumption
672.86 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
30.70%
Stocks vs prev. report: +4.19 Mt
Tension signal

World consumption figures are sourced from the USDA PSD API 'Domestic Consumption' attribute, which may differ slightly from the 'Total Consumption' figure in the monthly WASDE report (~4 Mt difference for wheat).

🟡EU Rapeseed / CA Canola
Very tight
Production
99.97 Mt
Stocks
12.35 Mt
Consumption
98.46 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
12.50%
Stocks vs prev. report: +0.35 Mt
Tension signal
🫘Soybean
Tight
Production
442.35 Mt
Stocks
124.02 Mt
Consumption
442.44 Mt
Source: USDA PSD (domestic consumption by country)
S/U Ratio
28.00%
Stocks vs prev. report: -0.19 Mt
Tension signal

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About the WASDE report

The WASDE (World Agricultural Supply and Demand Estimates) report is published monthly by the USDA. It presents global supply and demand balances for major grains: wheat, corn, soybeans, barley and rapeseed. The stocks-to-use ratio is the key indicator: below 20%, markets historically enter an upward tension zone.

Source : USDA PSD Online · Monthly update · USDA PSD Online
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