WASDE Report | USDA
Summary: The May 12, 2026, WASDE report (WASDE-671) presents initial 2026/27 marketing year forecasts for U.S. and global wheat, coarse grains, rice, oilseeds, and sugar, alongside 2027 livestock, poultry, and dairy projections.
The May 2026 WASDE report (WASDE-671) outlines the initial outlook for the 2026/27 marketing year. Key findings include reduced U.S. wheat supplies and exports, with production projected at 1,561 million bushels. U.S. corn production is forecast at 16.0 billion bushels, down 6% due to lower area and yield. Rice production is projected at 175.2 million cwt, a 15% decline. Conversely, U.S. soybean production is expected to rise to 4.435 billion bushels, supported by higher crush demand for biofuel. Sugar production forecasts reflect weather-related challenges in Florida and lower beet sugar yields. The report also provides the first 2027 forecasts for livestock, poultry, and dairy, noting expected increases in pork and poultry production against lower beef output due to herd rebuilding.
Document outline
1. Introduction and Forecast Context 2. Wheat: 2026/27 U.S. and Global Outlook 3. Coarse Grains: 2026/27 U.S. Corn and Global Outlook 4. Rice: 2026/27 U.S. and Global Outlook 5. Oilseeds: 2026/27 U.S. Soybean and Global Outlook 6. Sugar: 2026/27 U.S. and Mexico Production Forecasts 7. Livestock, Poultry, and Dairy: 2027 Outlook and 2026 Adjustments