WASDE Report | USDA
Summary: The May 2026 WASDE report presents initial 2026/27 forecasts for U.S. and global agricultural commodities, projecting reduced wheat and corn supplies, increased soybean production, and updated livestock and sugar outlooks.
This May 12, 2026, WASDE report (WASDE-671) provides the first official USDA forecasts for the 2026/27 marketing year for major U.S. and global crops, including wheat, corn, rice, and oilseeds. The report highlights a tightening outlook for wheat and corn due to reduced production expectations, while soybean supplies are projected to increase. It also includes the first 2027 calendar-year forecasts for U.S. livestock, poultry, and dairy products. The document notes that these forecasts are highly tentative due to ongoing planting in the Northern Hemisphere and includes a correction errata regarding U.S. wheat imports.
Document outline
1. Introduction and Overview (WASDE-671) 2. Wheat: 2026/27 U.S. and Global Outlook 3. Coarse Grains: U.S. Corn and Global Outlook 4. Rice: U.S. and Global Supply and Demand 5. Oilseeds: U.S. Soybean and Global Oilseed Outlook 6. Sugar: U.S. and Mexico Production Forecasts 7. Livestock, Poultry, and Dairy: 2027 Projections 8. Errata Note (May 13, 2026)