By Jamie Martin
The latest USDA grain data show a notable increase in old-crop corn inventories, while supplies of soybeans and wheat were lower than they were a year earlier.
The National Agricultural Statistics Service reported that U.S. corn stocks held across all storage locations totaled 2.10 billion bushels on September 1, 2026. That figure was 35% higher than the inventory recorded on September 1, 2025.
Farm storage accounted for 787 million bushels, an increase of 22% from the previous year. Corn stored at commercial and other off-farm locations reached 1.31 billion bushels, up 44%.
From June through August, corn disappearance totaled 3.20 billion bushels, compared with 3.09 billion bushels during the corresponding period in 2025.
NASS also made routine revisions to the previous marketing year’s production figures. The agency reduced its 2025 corn production estimate by less than 1% and made a smaller downward adjustment to its soybean production estimate. Soybean stocks were 3% lower than the level reported a year earlier.
Wheat inventories followed a different trend. Total wheat stocks on September 1 stood at 1.85 billion bushels, 14% below the previous year. On-farm wheat stocks declined 21% to 547 million bushels, while off-farm supplies fell 10% to 1.30 billion bushels.
Wheat disappearance from June through August reached 608 million bushels, down 14% from the same period in 2025.
Durum wheat stocks totaled 62.9 million bushels, a 13% year-over-year decline. Farmers held 43.8 million bushels, down 15%, while off-farm supplies fell 6% to 19.1 million bushels. Durum disappearance was estimated at 35.4 million bushels, down 15%.
The USDA’s Small Grains Annual Summary placed 2026 all-wheat production at 1.53 billion bushels, 23% below the revised 2025 total. Harvested wheat acreage decreased 15% to 31.9 million acres, and the national yield estimate fell 10% to 48.1 bushels per acre.
Winter wheat production was estimated at 1.02 billion bushels, other spring wheat at 450 million, and durum wheat at 64.8 million bushels.
Photo Credit: usda
Categories: National