WHEAT: The outlook for 2025\/26 U.S. wheat this month is for unchanged supplies and
\ndomestic use, higher exports, and lower ending stocks. Exports are raised by 25 million
\nbushels to 900 million on a continued strong pace of sales and shipments of Hard Red
\nWinter wheat. Projected 2025\/26 ending stocks are lowered 25 million bushels to 844 million
\nand are now slightly less than last year. The projected 2025\/26 season-average farm price is
\nreduced by $0.20 per bushel to $5.10 on NASS prices reported to date and expectations for
\nfutures and cash prices for the remainder of the marketing year.
\nThis month\u2019s 2025\/26 global wheat outlook is for higher supplies, consumption, trade, and
\nending stocks. Supplies are projected up 9.0 million tons to 1,078.6 million on larger
\nproduction from several major exporting countries. Australia is raised 3.5 million tons to 34.5
\nmillion on widespread favorable conditions to date as indicated by the latest ABARES
\nforecast. The EU is increased 1.9 million tons to 140.1 million on harvest results and
\ngovernment data. Russia is raised 1.5 million tons to 85.0 million on increases for both winter
\nand spring wheat. Production is also higher for Canada, Ukraine, and Kazakhstan by smaller
\nmagnitudes.
\nGlobal 2025\/26 consumption is raised 5.0 million tons to 814.5 million, largely on higher feed
\nand residual use for the EU, Australia, Canada, Russia, and Ukraine and relatively smaller
\nfood, seed, and industrial use increases for several countries. World trade is 1.2 million tons
\nhigher at 214.7 million on greater exports for Australia and the United States more than
\noffsetting reductions for Russia and Ukraine. Projected 2025\/26 global ending stocks are
\nraised 4.0 million tons to 264.1 million, primarily on increases for several exporting countries.
\nCOARSE GRAINS: This month\u2019s 2025\/26 U.S. corn outlook is for greater supplies, larger
\nexports, and a slight reduction in ending stocks. Projected beginning stocks for 2025\/26 are
\n20 million bushels higher based on a lower use forecast for 2024\/25, with reductions in
\nimports and corn used for ethanol partially offset by an increase in exports. Corn production
\nfor 2025\/26 is forecast at 16.8 billion bushels, up 72 million from last month as a 2.1-bushel
\nreduction in yield to 186.7 bushels per acre is more than offset by a 1.3 million acre increase
\nin harvested area to 90.0 million acres. If realized, harvested area would be the highest since
\n1933 and planted area of 98.7 million acres the highest since 1936.
\nTotal U.S. corn use for 2025\/26 is forecast up 100 million bushels to 16.1 billion. Exports are
\nraised 100 million bushels to a record 3.0 billion reflecting U.S. export competitiveness and
\nrobust early-season demand. With rising supply more than offset by greater use, ending
\nstocks are down 7 million bushels to 2.1 billion. The season-average corn price received by
\nproducers is unchanged at $3.90 per bushel…<\/p>\n
OILSEEDS: The 2025\/26 outlook for U.S. soybeans includes higher production, higher
\ncrush, lower exports, and higher ending stocks compared to last month. Soybean production
\nis projected at 4.3 billion bushels, up slightly with higher harvested area offset by a lower
\nyield. Harvested area is raised 0.2 million acres from the August forecast. The soybean yield
\nof 53.5 bushels per acre is down marginally from last month. The crush forecast is raised 15
\nmillion bushels driven by stronger soybean meal exports. The soybean export forecast is
\nreduced 20 million bushels on increased competition, particularly from Russia, Canada, and
\nArgentina. Ending stocks are projected at 300 million bushels, up 10 million from last month.
\nThe U.S. season-average soybean price is forecast at $10.00 per bushel, down $0.10 from
\nlast month. The soybean meal and the soybean oil prices are unchanged at $280 per short
\nWASDE-664-3
\nton and 53 cents per pound, respectively. Other changes this month include higher U.S.
\npeanut production.
\nForeign 2025\/26 oilseed production is increased 1.1 million tons mainly on higher rapeseed,
\nsunflower seed, and cottonseed production that is partly offset by lower soybean production.
\nForeign rapeseed production is raised 1.4 million tons on larger production for Canada,
\nAustralia, Kazakhstan, Russia, and Moldova. Global sunflower seed production is raised 0.2
\nmillion tons on higher production for Russia and Kazakhstan that is mostly offset by lower
\nproduction for Ukraine and the EU.
\nThe global soybean supply and demand forecasts include lower beginning stocks, lower
\nproduction, lower crush, higher exports, and reduced ending stocks. Beginning stocks are
\nreduced mainly on an upward revision to exports for Argentina in the prior marketing year.
\nGlobal soybean production is lowered 0.5 million tons to 425.9 million on lower production for
\nIndia, the EU, and Serbia that is partly offset by higher production for Russia and the United
\nStates.
\nGlobal soybean crush is reduced 1.1 million tons on lower crush for India, Argentina,
\nBangladesh, Saudi Arabia, and Canada that is partly offset by higher crush for the United
\nStates, Egypt, Turkey, and Ukraine. Soybean meal trade is raised with higher exports for the
\nUnited States and Ukraine but lower exports for India. Soybean meal imports are raised for
\nthe EU but lowered for Egypt, Turkey, and Thailand.
\nSoybean exports for 2025\/26 are increased with higher exports for Argentina, Russia, and
\nCanada mostly offset by lower exports for the United States and Ukraine. Imports are raised
\nfor Turkey, Brazil, Egypt, the EU, and Serbia. Global soybean ending stocks are reduced 0.9
\nmillion tons to 124.0 million on lower stocks for Argentina, Bolivia, and Canada partly offset
\nby higher stocks for the United States and Brazil.<\/p>\n
<\/p>\n
:Read Full report<\/p>\n
https:\/\/www.usda.gov\/oce\/commodity\/wasde\/wasde0925.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"
WHEAT: The outlook for 2025\/26 U.S. wheat this month is for unchanged supplies and domestic use, higher exports, and lower ending stocks. Exports are raised by 25 million bushels to 900 million on a continued strong pace of sales and shipments of Hard Red Winter wheat. Projected 2025\/26 ending stocks are lowered 25 million bushels …<\/p>\n","protected":false},"author":3,"featured_media":1358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,241],"tags":[737,634,247],"class_list":["post-1357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-14","category-sustainability","tag-agriculture-magazine-mena","tag-agrifuture-middle-east-africa-magazine","tag-sustainability"],"yoast_head":"\n