U.S. Balance Sheet

WASDE · Oct 9, 2026
  • Ending stocks From 717M bu in Sep · stocks-to-use 39.8%, the tightest since 2023/24 740M bu
  • Production
  • Exports
  • Season-average farm price

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

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Crop Progress

Winter wheat · Oct 18
  • Emerged Behind the 5-year average (51%) 39%

USDA NASS Crop Progress, week ending Oct 18. Next report today · 4:00 pm ET.

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Drought

U.S. Drought Monitor · Oct 13 map
  • None 25.5%
  • D0 abnormally dry 20.8%
  • D1 moderate 23.4%
  • D2 severe 20.5%
  • D3 extreme 8.5%
  • D4 exceptional 1.3%
  • Contiguous U.S. Down 1 point from last week · vs 47% on the 5-year average 54% 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 Oct 13, released Oct 15. 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 8
  • Hard red winter 22% of all wheat · 63% behind last year 2.25M t
  • Season total
  • Net sales this week
  • Sold, not shipped

USDA Export Sales Report for the week ending Oct 8, released Oct 16; the next one is out Oct 22 at 8:30 am ET. Season forecast: WASDE, Oct 2026.

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Stocks & Acreage

Sep 1, 2026
  • All wheat, Sep 1, 2026 Down 14% from a year ago · 30% on farms 1.85B bu
  • Winter wheat, 2026
  • Cash basis
  • Storage signal

USDA NASS Grain Stocks as of Sep 1, released Sep 30. Planted area from USDA’s Small Grains Summary, Sep 30 (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.

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.