U.S. Balance Sheet
WASDE · Sep 11, 2026-
Ending stocks Stocks-to-use 38.3%, the tightest since 2023/24 717M bu
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Production
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Exports
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Season-average farm price
- Read the September WASDE
USDA World Agricultural Supply and Demand Estimates for September 2026, released Sep 11: the U.S. all wheat balance sheet. Changes are against the August report.
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Crop Progress
Winter wheat · Sep 27-
Emerged Behind the 5-year average (15%) · last year 13% 8%
USDA NASS Crop Progress, week ending Sep 27. Next report Mon, Oct 5 · 4:00 pm ET.
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Drought
U.S. Drought Monitor · Sep 22 map- None 21.1%
- D0 abnormally dry 19.6%
- D1 moderate 25.7%
- D2 severe 21.4%
- D3 extreme 10.1%
- D4 exceptional 2.1%
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Contiguous U.S. Unchanged from last week · vs 43% on the 5-year average 59% 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 Sep 22, released Sep 24. 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 Sep 17-
Hard red winter 22% of all wheat · 62% behind last year 2.09M t
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Season total
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Net sales this week
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Sold, not shipped
USDA Export Sales Report for the week ending Sep 17, released Sep 24; the next one is out Oct 1 at 8:30 am ET. Season forecast: WASDE, Sep 2026.
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Stocks & Acreage
Jun 1, 2026-
All wheat, Jun 1, 2026 Count came in on USDA’s balance sheet · 19% on farms 920M bu
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Implied use
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Winter wheat, 2026
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Cash basis
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Storage signal
USDA NASS Grain Stocks as of Jun 1, released Jun 30; the next Grain Stocks report is Sep 30 at 12:00 pm ET. Implied use is the drawdown in stocks between the two dates, before imports. Planted area from USDA’s Crop Production, Aug 12 (June Acreage 42.7M ac, March intentions 43.8M ac).
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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, each wheat class, 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, every wheat class, the year’s earlier acreage estimates and ten years of planted area
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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.