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What Farmers Need to Know About the August 2026 WASDE Report

USDA’s August 2026 WASDE is a published forecast, not a farm-level price or yield promise. Learn what its corn and wheat estimates say and how to read a crop balance sheet.
From TheFinanceBase Team4 min to read
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The August 2026 WASDE is no longer upcoming: USDA released it on August 12, 2026. Its corn and wheat projections offer a useful snapshot of national supply-and-demand expectations, but they are forecasts—not a prediction of any one farm’s yield, local cash price, or best marketing decision. Here is what farmers should have watched before the release, what the published figures say, and how to read them alongside farm-level conditions.

What is the August WASDE report?

WASDE stands for World Agricultural Supply and Demand Estimates. USDA publishes the report monthly, forecasting U.S. and global supply and use for wheat, rice, coarse grains, oilseeds, and cotton. The World Agricultural Outlook Board coordinates interagency commodity committees that compile and interpret information from USDA and other domestic and foreign sources. The report can inform decisions by farmers, businesses, and governments, but it describes broad market fundamentals rather than an individual operation’s guaranteed outcome. See USDA’s WASDE report page for reports and historical data.

When does USDA release the August WASDE?

The 2026 August WASDE, edition 674, was released at noon Eastern on August 12, 2026. USDA listed its next report, for October, on October 9, 2026. Because the August release has passed, farmers reviewing it now should treat it as a published forecast and use the latest available report for current outlooks. USDA’s monthly schedule and report archive are available on its WASDE page.

How is WASDE different from the August Crop Production report?

The two USDA releases are related, but they answer different questions. The National Agricultural Statistics Service’s August Crop Production report estimates crop production; WASDE incorporates production estimates into broader supply-and-demand balances, including use, trade, and ending stocks. NASS scheduled its August 2026 report for August 12 at noon Eastern as well. For that year’s August production forecasts, USDA said producer-reported yield information remained foundational and was combined with FSA acreage data. The NASS release describes that report and its role in production and risk-management decisions.

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What did the August 2026 WASDE project for corn and wheat?

The report’s figures below are USDA projections for the 2026/27 marketing year, not current cash prices or settled production outcomes. August-to-July comparisons show what changed in that month’s outlook.

Crop and measure August 2026 projection Change from July
U.S. corn production 16.013 billion bushels 13 million bushels higher, reflecting harvested-area and yield revisions
U.S. corn season-average farm price $4.50 per bushel 10 cents higher
U.S. wheat production 1.531 billion bushels 5 million bushels lower
U.S. wheat ending stocks 717 million bushels 5 million lower; 22% below the prior year
U.S. wheat season-average farm price $6.20 per bushel 20 cents higher

These are the USDA World Agricultural Outlook Board’s August 2026 forecasts; the price figures are season-average farm-price projections, not local bids. USDA’s WASDE report page links to the full report tables, which are the source for additional crop, use, export, and stocks figures.

Corn: production and price forecasts rose

USDA raised its U.S. corn production forecast by 13 million bushels from July to 16.013 billion bushels, citing harvested-area and yield revisions. It also raised the projected 2026/27 season-average farm price by 10 cents to $4.50 per bushel. Neither increase alone establishes how local cash bids will move: the report’s wider balance sheet and local basis also matter.

Wheat: lower U.S. production and stocks, higher projected price

The U.S. wheat production forecast fell 5 million bushels from July to 1.531 billion. Projected ending stocks fell by 5 million to 717 million bushels, 22% below the prior year, while the season-average farm-price projection rose 20 cents to $6.20 per bushel. Globally, USDA described the 2026/27 wheat outlook as higher supplies, slightly greater consumption, reduced trade, and increased ending stocks.

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What should farmers look at in a WASDE report?

Read a crop’s balance sheet as a connected set of estimates, not as a single headline production or yield number. Compare the August report with July for the crops relevant to your operation, then identify which inputs changed and how they relate to the projected ending stocks and price.

  1. Choose the crop and marketing year. Confirm that you are comparing the same commodity and season across reports.
  2. Compare production and its drivers. Note revisions to yield and harvested area where reported; these help explain a change in production.
  3. Check the other supply lines. Review beginning stocks and imports alongside production.
  4. Check demand and trade. Compare domestic use and exports to see how projected use changes relative to supply.
  5. Read ending stocks and price together. Ending stocks reflect the balance between projected supply and use; the season-average farm-price estimate is USDA’s broad forecast, not an offer available to your farm.
  6. Relate the national outlook to your own numbers. Compare local cash bids and basis with costs of production, storage costs, and existing contracts before deciding whether to sell, store, or hedge.

USDA’s commodity outlook process explainer provides context for how the department develops commodity outlooks. The national report does not make a farm-specific marketing recommendation.

What does WASDE mean for corn and soybean prices?

WASDE can affect expectations because it updates USDA’s view of supply and demand, but a forecast is not a guaranteed price move. The August 2026 summary figures cited here establish the corn projections above; they do not establish an exact August soybean balance sheet or a market reaction. For soybean-specific analysis, use the relevant lines in the full USDA report rather than inferring values from corn or wheat or relying on unverified figures.

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How does WASDE affect grain marketing?

The report offers national context for marketing decisions: revised estimates can change the perceived balance between supply and use, while ending stocks and price projections help describe USDA’s outlook. Turning that context into an action requires farm-level information the national forecast does not contain, including local bids, basis, storage costs, production costs, and contracts. Treat WASDE as one input to a marketing plan, not a sell, store, or hedge signal by itself.

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