Grain Stocks

Today’s quarterly Grain Stocks report provides estimates of grain and soybean stockpiles as of September 1. The data is collected through off- and on-farm stocks surveys. The on-farm survey includes a sample of approximately 66,600 operators, while the off-farm survey is a census of all known commercial grain storage facilities, including 7,800 facilities with a combined 11.9 billion bushels of storage capacity. Today’s estimates represent ending stocks for the 2025/26 crop year for corn and soybeans and will subsequently become beginning stocks for the 2026/27 crop year.

Corn

Old crop corn stocks as of September 1 totaled 2.10 billion bushels, 35 percent above a year ago. Analysts expected stocks to range from 1.860 to 2.005 billion bushels, with an average estimate of 1.924 billion. June-August indicated disappearance of 3.20 billion bushels was 3.1 percent above the same period last year.

Soybeans

Old crop soybean stocks as of September 1 totaled 315 million bushels, 3 percent below a year ago. Analysts expected stocks to range from 305 to 335 million bushels, with an average estimate of 323 million. June-August indicated disappearance of 744 million bushels was 8.9 percent above the same period last year.

Wheat