WASDE Report | USDA
Summary: The September 2026 WASDE report details adjustments to U.S. and global commodity projections, including lower corn and cotton production, increased soybean production, and revised livestock and dairy outlooks.
The September 11, 2026, WASDE report (WASDE-675) provides comprehensive supply and demand estimates. Key highlights include: U.S. corn production is lowered by 213 million bushels due to yield reductions; soybean production is increased by 16 million bushels; and cotton production is reduced by 3%. Wheat supply categories remain largely unchanged, though export classes are adjusted. Global rice supplies are raised, primarily due to India's beginning stocks, despite a year-to-year production decline. Livestock and dairy forecasts reflect lower red meat production and adjustments to dairy import/export expectations following new trade policies. Sugar supply for 2025/26 is increased, while 2026/27 projections are lowered due to production challenges, including mealy bug issues in cane sugar.
Document outline
1. Wheat: 2026/27 U.S. and Global Outlook 2. Coarse Grains: U.S. Corn and Global Production Adjustments 3. Rice: U.S. and Global Supply and Demand 4. Oilseeds: U.S. Soybean Production and Global Trends 5. Sugar: U.S. Supply and Mexico Production Projections 6. Livestock, Poultry, and Dairy: Production and Trade Forecasts 7. Cotton: U.S. and Global Projections 8. Interagency Commodity Estimates Committees