U.S. Balance Sheet

WASDE · Oct 9, 2026
  • Ending stocks From 1.57B bu in Sep · stocks-to-use 11.3% 1.85B bu
  • Production
  • Exports
  • Season-average farm price

USDA World Agricultural Supply and Demand Estimates for October 2026, released Oct 9: the U.S. corn balance sheet. Changes are against the September report.

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Crop Progress

Corn · Nov 1
  • Harvested Behind the 5-year average (86%) 74%

USDA NASS Crop Progress, week ending Nov 1. Next report tomorrow · 4:00 pm ET.

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Drought

U.S. Drought Monitor · Nov 3 map
  • None 30.9%
  • D0 abnormally dry 25.1%
  • D1 moderate 21%
  • D2 severe 14.8%
  • D3 extreme 6.6%
  • D4 exceptional 1.6%
  • Lower 48 states Down 5 points from last week · 4 points below the 5-year average 44% in drought

Share of area in each U.S. Drought Monitor category, D0 (abnormally dry) to D4 (exceptional); "in drought" is D1 or worse. Map as of Tuesday Nov 3, released Nov 5. Produced jointly by the National Drought Mitigation Center at the University of Nebraska-Lincoln, USDA and NOAA.

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Export Sales

Week ending Oct 29
  • Season total 30% of USDA's forecast · 43% at this point last year 24.8M t
  • Net sales this week
  • Sold, not shipped

USDA Export Sales Report for the week ending Oct 29, released Nov 5; the next one is out Nov 13 at 8:30 am ET. Season forecast: WASDE, Oct 2026.

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Stocks & Acreage

Sep 1, 2026
  • Stocks, Sep 1, 2026 Count came in on USDA’s balance sheet · 38% on farms 2.10B bu
  • Implied use
  • Planted, 2026
  • Cash basis
  • Storage signal

USDA NASS Grain Stocks as of Sep 1, released Sep 30. Implied use is the drawdown in stocks between the two dates, before imports. Planted area from USDA’s Crop Production, Oct 9 (June Acreage 95.3M ac, March intentions 95.3M ac).

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Corn Grind

Week ending Oct 30
  • Corn grind 6.6% ahead of the pace USDA’s 5.65B bu needs 115.9M bu
  • Production
  • Stocks

EIA Weekly Petroleum Status Report for the week ending Oct 30, released Nov 4; the next is out Wednesday, Nov 11, at 10:30 am ET. Corn grind at 2.9 gallons of ethanol a bushel; the pace is the 2026/27 forecast (WASDE, Oct 2026) spread over 52 weeks.

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Canadian Balance Sheet

AAFC · Oct 20
  • Production, 2026-27 Up 0.1% from September · 14.87Mt in 2025-26 16.56Mt
  • Exports, 2026-27
  • Carry-out, 2026-27
  • AAFC forecast price

AAFC Outlook for Principal Field Crops, October edition (Oct 20), changes against the September edition; the next Outlook is expected around Fri, Nov 20. Statistics Canada: production from the September model-based estimate, area from the September estimate, stocks as of Jul 31; Statistics Canada's Production of principal field crops is out Fri, Dec 4 at 8:30 am ET.

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More for members

  • The full U.S. balance sheetWhat moved this month, every line against last month and last year, and the earlier years
  • Every stage and every stateCondition and pace charts against last year and the 5-year average, the report’s states on a map with a page each, soil moisture and the Drought Monitor
  • Drought by stateEvery state on a map and ranked by its share in drought, with severe drought, a year ago and the severity index
  • The full export reportWeekly net sales, the season’s pace against earlier years, every destination on a map, and the grain inspected for export
  • Stocks and acreage in fullThree years of quarterly stocks with the on- and off-farm split, stocks and planted area by state, the year’s earlier acreage estimates and ten years of planted area
  • The grind against USDA’s paceThe season so far and the weekly need against USDA’s figure, with a year of production and stocks charted against the year before, the Midwest’s share and the record week.
  • The whole Canadian balance sheetEvery line of AAFC’s outlook for the crop year under way and the one ending, StatCan’s seeded area by province, ten years of production, and the stocks counts.
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About

U.S. Balance Sheet. USDA’s World Agricultural Supply and Demand Estimates, published monthly by the World Agricultural Outlook Board: the U.S. balance sheet — what was produced, what is used and exported, and the stocks left at the end of the marketing year.

Crop Progress. USDA National Agricultural Statistics Service, Crop Progress: weekly condition ratings and planting, development and harvest progress, published Mondays at 4:00 p.m. ET for the week ending the previous Sunday, April through November.

Drought. The U.S. Drought Monitor, from the National Drought Mitigation Center, USDA and NOAA: a weekly map of conditions as of Tuesday morning, published the Thursday after.

Export Sales. USDA Foreign Agricultural Service, Export Sales Report: exporters’ weekly sales and shipments, published Thursdays at 8:30 a.m. ET for the week ending the previous Thursday.

Stocks & Acreage. USDA National Agricultural Statistics Service: Grain Stocks, the grain in all positions as of the first of March, June, September and December, and the year’s planted and harvested area from Prospective Plantings, Acreage and the Crop Production reports.

Corn Grind. U.S. Energy Information Administration, Weekly Petroleum Status Report: fuel ethanol production and stocks, published Wednesdays at 10:30 a.m. ET for the week ending the previous Friday.

Canadian Balance Sheet. Agriculture and Agri-Food Canada’s monthly Outlook for Principal Field Crops, the Canadian balance sheet, with Statistics Canada’s seeded area, production and stocks.

Market Data: Supply and demand figures are from the U.S. Department of Agriculture (WASDE, NASS Crop Progress and Grain Stocks, FAS Export Sales, AMS Export Inspections), the U.S. Drought Monitor, the U.S. Energy Information Administration, the Canadian Grain Commission, Agriculture and Agri-Food Canada and Statistics Canada (contains information licensed under the Open Government Licence – Canada). This data is for informational purposes only, may be subject to delays or inaccuracies, and is not trading advice. Please consult official sources or your broker for trading decisions.