Supply & Demand

Latest world balances at a glance

World wheat balance sheet, 2026/27 (USDA)

World wheat production is projected at 822.39 Mt in 2026/27, down 2.6% from 844.06 Mt in 2025/26. Consumption is seen at 823.73 Mt (up 0.8% year on year). Ending stocks stand at 276.04 Mt, down 2.0% on the year, for a stocks-to-use ratio of 27.0%. Trade is forecast at 208.97 Mt of exports and 204.79 Mt of imports.

World corn balance sheet, 2026/27 (USDA)

World corn production is projected at 1,293.75 Mt in 2026/27, down 2.8% from 1,330.62 Mt in 2025/26. Consumption is seen at 1,313.13 Mt (up 0.9% year on year). Ending stocks stand at 280.44 Mt, down 8.7% on the year, for a stocks-to-use ratio of 18.0%. Trade is forecast at 210.72 Mt of exports and 203.38 Mt of imports.

World soybean balance sheet, 2026/27 (USDA)

World soybean production is projected at 442.7 Mt in 2026/27, up 3.1% from 429.19 Mt in 2025/26. Consumption is seen at 442.18 Mt (up 2.3% year on year). Ending stocks stand at 124.28 Mt, down 0.5% on the year, for a stocks-to-use ratio of 20.0%. Trade is forecast at 192 Mt of exports and 190.82 Mt of imports.

World barley balance sheet, 2026/27 (USDA)

World barley production is projected at 160.09 Mt in 2026/27, up 3.7% from 154.42 Mt in 2025/26. Consumption is seen at 156.53 Mt (up 3.9% year on year). Ending stocks stand at 23.46 Mt, up 13.7% on the year, for a stocks-to-use ratio of 12.0%. Trade is forecast at 31.44 Mt of exports and 30.71 Mt of imports.

Figures are read straight from the latest USDA WASDE release loaded into GrainBoard and refresh automatically with every data update. Use the filters above for other sources, countries and campaigns.

How the latest reports moved

World Wheat revisions, 2026/27 (USDA)

Across 6 reports from 2026-05-12 to 2026-10-09, the balance moved to beginning stocks at 281.55 Mt (up 0.8% since the 2026-05-12 report), production at 822.39 Mt (up 0.4% since the 2026-05-12 report), imports at 204.8 Mt (down 1.2% since the 2026-05-12 report), consumption at 827.9 Mt (up 0.6% since the 2026-05-12 report).

World Corn revisions, 2026/27 (USDA)

Across 6 reports from 2026-05-12 to 2026-10-09, the balance moved to beginning stocks at 307.16 Mt (up 3.4% since the 2026-05-12 report), production at 1,293.75 Mt (down 0.1% since the 2026-05-12 report), imports at 203.38 Mt (up 2.4% since the 2026-05-12 report), consumption at 1,320.47 Mt (up 0.4% since the 2026-05-12 report).

World Soybean revisions, 2026/27 (USDA)

Across 6 reports from 2026-05-12 to 2026-10-09, the balance moved to beginning stocks at 124.93 Mt (down 0.2% since the 2026-05-12 report), production at 442.7 Mt (up 0.3% since the 2026-05-12 report), imports at 190.82 Mt (up 1.5% since the 2026-05-12 report), consumption at 442.18 Mt (up 0.3% since the 2026-05-12 report).

First versus latest print of each indicator over the current campaign, read from the reports loaded into GrainBoard. Updated automatically with every data refresh.

Where seasonal stocks stand

USA Wheat seasonal stocks, 2026/27

Stocks within the campaign stand at 50.22 Mt in September (down 13.5% year on year), measured against 2025/26.

USA Corn seasonal stocks, 2025/26

Stocks within the campaign stand at 337.97 Mt in December (up 10.2% year on year), 229.37 Mt in March (up 10.8% year on year), 134.4 Mt in June (up 14.0% year on year), 53.21 Mt in September (up 35.1% year on year), measured against 2024/25.

USA Soybean seasonal stocks, 2025/26

Stocks within the campaign stand at 89.44 Mt in December (up 6.0% year on year), 57.77 Mt in March (up 11.1% year on year), 27.93 Mt in June (up 1.9% year on year), 8.57 Mt in September (down 3.1% year on year), measured against 2024/25.

In-season stock levels for the latest campaign, compared period by period with the previous one. Updated automatically with every data refresh.