The June WASDE report is a USDA market forecast, not a prediction of what a particular farm will earn or receive for its crop. The June 2026 edition, WASDE-672, was released June 11, 2026, at noon Eastern Time; that date has passed. For the next June release, check USDA’s WASDE schedule rather than assuming the date will repeat.
What the June WASDE report tells farmers
USDA’s World Agricultural Supply and Demand Estimates (WASDE) is a monthly forecast prepared and released by the World Agricultural Outlook Board, coordinating interagency commodity estimate committees. It lays out annual supply-and-demand estimates for U.S. and world wheat, rice, coarse grains, oilseeds, and cotton. It also covers U.S. supply and use of sugar, meat, poultry, eggs, and milk, plus Mexico’s sugar supply and use.
For crop outlooks, USDA’s Economic Research Service groups the coverage as wheat, rice, feed grains (corn, sorghum, barley, and oats), soybeans, cotton, and sugar. Livestock forecasts cover U.S. meat animals, poultry, and dairy. Go to the tables for the relevant commodity and marketing year; a report headline cannot establish a farm-specific price, yield, or revenue outcome. See USDA’s WASDE report page and its explanation of the USDA outlook process.
Why June estimates are useful but still uncertain
For spring-planted crops such as corn, soybeans, and cotton, USDA’s crop-forecasting guide says May, June, and July U.S. production projections use trend yields and National Agricultural Statistics Service (NASS) estimates of intended and planted acreage. The report’s table footnotes specify the assumptions. For U.S. and foreign estimates, the forecast assumes normal weather for the rest of the growing season.
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How to read the balance sheet
- Choose the commodity and marketing year. WASDE estimates use marketing years, which vary by crop and may differ across countries. Global totals combine local marketing years; they do not represent every crop at one identical point in time.
- Compare with the prior month. Check beginning stocks, production, imports, domestic use, exports, and ending stocks. Identify which components changed before deciding what the overall balance implies.
- Check units and footnotes. Units differ by commodity, and forecast assumptions are documented in table footnotes. Do not compare figures across units or marketing years without accounting for those differences.
- Read ending stocks as a result, not a complete explanation. A change in ending stocks reflects the combined balance of supply and use. Look at the other lines to understand what drove it; the stocks figure by itself is not a farm-level price forecast.
- Keep the estimate in perspective. WASDE is a national and global marketplace benchmark, not a promised local cash price, basis, yield, or farm revenue result. USDA ERS says these forecasts help define fundamental commodity-market conditions and affect decisions by farmers, ranchers, businesses, and governments.
The estimates draw on survey results, market reports, trade information, foreign attaché reports, satellite imagery, weather analysis, policy and program information, economic models, statistical analysis, and expert judgment. USDA describes the interagency process as consensus-based and taking two weeks. These inputs inform the forecast; they do not remove the uncertainty inherent in early-season projections. For the official tables and explanatory material, consult the WASDE page and the ERS process overview.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Use companion releases for additional context
Other USDA releases can add information, but they are separate products—not extra WASDE tables. In June 2026, NASS scheduled Crop Production for June 11 at noon ET, the same date and time as WASDE, and Acreage and Grain Stocks for June 30 at noon ET. The dates are listed in NASS’s June 2026 reports calendar.
For a commodity-specific interpretation, USDA ERS’s Wheat Outlook: June 2026, published June 15, explains changes in U.S. and world wheat supply-and-use projections for the 2025/26 and 2026/27 marketing years released in the June 11 WASDE. USDA’s WASDE page also provides the report archive and consolidated historical report data, updated monthly after a new release.
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