Agri Market Price

USDA September 2025 WASDE: Corn, Wheat, and Soybean Outlook Highlights

USDA WASDE September 2025 Corn Wheat Soybean Outlook

WASHINGTON, D.C. — The U.S. Department of Agriculture’s latest World Agricultural Supply and Demand Estimates (WASDE) report, released in September 2025, outlines modest adjustments across major crops. Corn yields are holding steady, soybean demand remains robust, and wheat stocks continue to tighten amid smaller harvest projections. (Source: USDA WASDE)

Corn:
The U.S. corn yield forecast remains unchanged at around 181.0 bushels per acre, supported by favorable weather through key producing regions. Total production is estimated at 15.3 billion bushels, up slightly from last year. Exports were raised 25 million bushels on strong early-season shipments to Latin America and Asia, while ending stocks are projected near 2.2 billion bushels. Average farm price is forecast at $4.30 per bushel, down marginally from August due to softer basis levels.

Wheat:
The all-wheat production estimate was trimmed to 1.73 billion bushels, reflecting lower yields in parts of the Northern Plains and Pacific Northwest. Reduced output tightened ending stocks by 20 million bushels, offset partly by slower export sales. The season-average farm price remains firm at $6.10 per bushel. Globally, improved harvests in Australia and Russia balanced smaller crops in North America, keeping world wheat trade relatively stable.

Soybeans:
The soybean yield forecast was lifted slightly to 52.0 bushels per acre, with total production pegged at 4.4 billion bushels. Domestic crush margins remain positive, sustaining strong demand from biofuel producers. U.S. exports were raised to 1.93 billion bushels, driven by early bookings from China and Mexico. The projected season-average price is $12.20 per bushel, unchanged from the prior month.

Global Overview:
International grain supplies continue to adjust following weather variations across the Black Sea and South America. FAO and USDA analysts note stable global grain trade volumes, though freight and currency costs remain key variables for exporters.

Market Reaction:
Futures markets showed limited movement following the report, reflecting expectations that most adjustments had already been priced in. Analysts emphasized that upcoming harvest quality data and export pace will determine final carryout levels heading into 2026.

Summary Table (Highlights)

Crop Production (B bu) Yield (bu/acre) Ending Stocks (B bu) Avg. Farm Price (USD)
Corn15.3181.02.24.30
Wheat1.7346.90.596.10
Soybeans4.452.00.2712.20

Disclaimer:
This article summarizes data from USDA’s publicly released WASDE report and is provided for informational purposes only. It does not constitute market, trading, or investment advice. For detailed figures and historical data, visit the USDA’s official website.