US corn ending stocks up 35% from last year, soybean ending stocks down 3%

(Washington, D.C., September 30, 2026) - Old crop corn stocks on hand as of Sept. 1, 2026, totaled 2.10 billion bushels, up 35% from Sept. 1, 2025, according to the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS) Grain Stocks report released today. Old crop soybeans stored in all positions were down 3% from Sept. 1, 2025, and all wheat stocks were down 13% from a year earlier.

Of the total corn stocks, 787 million bushels were stored on farms, up 22% from last year. Off-farm stocks, at 1.31 billion bushels, were up 44% from a year ago. The June-August 2026 indicated disappearance was 3.20 billion bushels, compared with 3.09 billion bushels during the same period a year earlier.

This report also contains revisions to the previous season's production for corn and soybeans, which is normal for this time of year since the marketing year is complete. Production for 2025 corn was revised down less than 1 percent and soybean production was revised down slightly from the previous estimates.

All wheat stored in all positions on Sept. 1, 2026, totaled 1.85 billion bushels, down 14% from a year ago. On-farm stocks were estimated at 547 million bushels, down 21% from last September. Off-farm stocks, at 1.30 billion bushels, were down 10% from a year ago. The June-August 2026 indicated disappearance was 608 million bushels, down 14% from the same period last year.

Durum wheat stocks in all positions on Sept. 1, 2026, totaled 62.9 million bushels, down 13% from a year ago. On-farm stocks, at 43.8 million bushels, were down 15% from Sept. 1, 2025. Off-farm stocks totaled 19.1 million bushels, down 6% from a year ago. The June-August 2026 indicated disappearance of 35.4 million bushels was down 15% from the same period last year.

In preparation for the Grain Stocks report, NASS conducted separate surveys for on-farm and off-farms stocks during the first two weeks of September. NASS also released the Small Grains Annual Summary report today. Key findings from that report include:

• All wheat production totaled 1.53 billion bushels in 2026, down 23% from the revised 2025 total.
• All wheat area harvested for grain totaled 31.9 million acres, down 15% from 2025.
• The U.S. all wheat yield was estimated at 48.1 bushels per acre, down 10% from 2025.

The levels of production and changes from 2025 to 2026 by type were:

• Winter wheat, 1.02 billion bushels, down 27%.
• Other spring wheat, 450 million bushels, down 10%.
• Durum wheat, 64.8 million bushels, down 24%.

The Grain Stocks and Small Grains Annual Summary reports and all other NASS reports are available online at nass.usda.gov/publications.

Join @usda_nass on X today at 1:30 p.m. ET. Use #StatChat to discuss the reports live with NASS Agricultural Statistics Board Chair, Lance Honig.

Missed the live briefing? Check out the recording on @usdanass on YouTube under the Live tab.

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