Field of soybeansThe USDA’s September WASDE report brought a notable shift for the 2026/27 corn outlook. USDA lowered its corn yield estimate to 178.5 bushels per acre (down from 180.7 in the August report, but still ahead of trade expectations) and cut corn ending stocks to 1.567 billion bushels, down 86 million bushels from last month’s estimate. The season-average farm price forecast was raised $0.30 to $4.80 per bushel.

Soybean production held was bumped up slightly to 4.54 billion bushels (4.52 billion in August). Yield also rose slightly to 52.8 bushels per acre. 2026/27 ending stock projections came in at 310 million bushels, 10 million below the August report. The season-average price forecast rose $0.60 to $12.00 per bushel.

Wheat yield and production stayed the same at 47.8 bushels per acre and 1.53 billion bushels, respectively. 2-2026/27 ending stock projections also remained the same from August at 717 million, slightly below trade projections, with the season-average price forecast being raised by $0.20 to $6.40 per bushel.

Read more report commentary from Successful Farming and the full USDA WASDE report here.