US soybean output forecast at record as corn crop set for second-highest level
USDA’s October forecast puts soybean output at 4.56 billion bushels and corn at 16.0 billion, both estimates rather than final harvest totals.
Source review period: 2026-10-01
Published: · Updated:
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The US Department of Agriculture’s October 2026 World Agricultural Supply and Demand Estimates (WASDE-676), approved and released October 9, updated US crop forecasts and the global supply-and-use outlook for 2026/27. A separate NASS Crop Production report forecast 2026 soybean output at 4.56 billion bushels and average yield at a record-estimated 53.1 bushels per acre; corn was forecast at 16.0 billion bushels, which would be the second-highest crop on record if realized.
In WASDE, the US wheat export forecast was cut by 25 million bushels from the prior month to 750 million, while ending stocks rose by 23 million to 740 million. The projected average farm price was lowered to $6.30 per bushel. Global soybean production was raised to 442.70 million metric tons; Canada’s wheat production outlook was raised to 36.5 million tons and Russia’s wheat-export forecast to 40.0 million tons. These are marketing-year projections, not realized outcomes.
Data
Official crop forecasts
2026 US crop estimates published in NASS’s October 9, 2026 report.
- World soybean production forecast
- 442.7 million tonnes
- 2026 · Forecast
- Canada wheat production forecast
- 36.5 million tonnes
- 2026 · Forecast
Methodology
The world soybean and Canadian wheat production figures in this block are USDA WASDE forecasts released on October 9, 2026 for the 2026/27 marketing season. The period key 2026 denotes the season’s starting year, not a realized calendar-year total.
Updated:
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