By DTN Staff

This article was originally published at 11:13 a.m. CDT on Wednesday, Sept. 30. It was last updated with additional information at 11:20 a.m. CDT on Wednesday, Sept. 30.

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OMAHA (DTN) -- The final quarterly stocks for the 2025-26 corn crop came in above analysts' expectations at 2.1 billion bushels, while soybean quarterly stocks came in at 315 million bushels, which was within the pre-report range.

USDA released its quarterly Grains Stocks and Small Grains Summary reports on Wednesday.

Wednesday's U.S. Sept. 1 stocks estimates were bearish for corn, neutral to bullish for soybeans and neutral for wheat, according to DTN Lead Analyst Rhett Montgomery. USDA wheat production estimate was neutral for wheat markets, he said.

Stay tuned throughout the morning and refresh this page often. We will be sending a series of updates with the important highlights from Wednesday's reports, including commentary from our analysts.

You can also view the full reports here:

-- Grain Stocks and Small Grains Summary: https://www.nass.usda.gov/…

GRAIN STOCKS

CORN

Old-crop corn stocks in all positions on Sept. 1, 2026, totaled 2.1 billion bushels (bb), up 35% from a year ago.

The stocks came in above the high end of pre-report estimates.

On-farm stocks were projected at 787 million bushels (mb). Off-farm stocks were pegged at 1.31 billion bushels.

The June-August 2026 indicated usage, or disappearance, is 3.2 billion bushels, compared with 3.1 billion bushels from the same period in 2025.

SOYBEANS

Soybean stocks stored in all positions on Sept. 1, 2026, totaled 315 million bushels, down 3% from last year.

On-farm stocks are estimated at 90.4 million bushels. Off-farm stocks were pegged at 225 million bushels.

The June-August 2026 disappearance is 744 million bushels, compared with 683 million bushels for the same quarter of 2025.

WHEAT STOCKS

June-August 2026 indicated disappearance is 608 million bushels, compared with 710 million bushels during the same period a year ago.

All wheat stored in all positions on Sept. 1, 2026, totaled 1.85 billion bushels, down 14% from a year ago.

On-farm stocks are estimated at 547 million bushels. Off-farm stocks are pegged at 1.3 billion bushels. The June-August 2026 indicated usage came in at 608 million bushels, compared with 710 million bushels from the same period last year.

SMALL GRAINS SUMMARY

All wheat production totaled 1.53 billion bushels in 2026, down from 1.98 bb in 2025. All-wheat yield came in at 48.1 bushels per acre, also down from 53.3 bpa in 2025.

All wheat harvested acres came in at 31.9 million acres in 2026, down from 37.2 ma in 2025.

All winter wheat production was 1.02 bb in 2026, a decrease from 1.4 bb in 2025.

Hard red winter wheat production came in at 466.0 million bushels, compared to 804.0 mb in 2025. Soft red winter wheat production was at 294.0 mb in 2026, down from 353.0 mb last year.

White winter wheat production came in at 254 mb in 2026, compared to 244.0 mb last year.

Spring wheat production was reported at 450.0 mb, down from 497.0 mb in 2025.

Durum wheat production was 64.8 mb this year, also down from 86.2 mb in 2025.

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Join us for DTN's webinar at 12:30 p.m. CDT on Wednesday, Sept. 30, as we take a deeper look into USDA's recent estimates and what they could mean for markets moving forward. Questions are welcome, and registrants will receive a replay link for viewing at their convenience. Register here for Wednesday's September Grain Stocks and Small Grains Summary report webinar: https://www.dtn.com/….

QUARTERLY STOCKS (million bushels)
	9/1/26	Avg	High	Low	6/1/26	9/1/2025
Corn	2,095	1,924	2,005	1,860	5,295	1,551
Soybeans	315	323	335	305	1,061	325
Wheat	1,846	1,849	1,955	1,790	920	2,134
U.S. PRODUCTION (Million Bushels) 2026-27
	Sep	Avg	High	Low	Aug	2025-26
All Wheat	1,534	1,527	1,543	1,498	1,531	1,985
Winter	1,019	987	1,003	965	990	1,402
HRW	466	462	475	455	463	804
SRW	294	287	290	281	287	353
White	259	238	242	228	240	244
Other Spring	450	473	490	463	474	497
Durum	65	66	70	63	66	86

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