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Monthly supply & demand balance sheets · May 2026
WASDE is USDA's monthly balance sheet for every major crop - how much was grown, how much is getting used, and what's left over at the end of the year. Carryout is the number the trade prices off, and the revision from last month usually matters more than the level itself.
USDA's May 2026 WASDE projects 2026/27 sorghum, barley, and oats carryout at 0.03 billion bushels, below the prior year. Production is pegged at 367.
| Item | 2024/25 | 2025/26 Est. | 2026/27 Proj.Apr | 2026/27 Proj.May |
|---|---|---|---|---|
| Area Planted (mil. acres) | 6.3 | 6.6 | NA | 6.1 * |
| Area Harvested (mil. acres) | 5.6 | 6.0 | NA | 5.3 * |
| Yield (bushels/acre) | 61.3 | 72.6 | NA | 69.2 * |
| Beginning Stocks | 33 | 40 | NA | 37 |
| Production | 344 | 437 | NA | 367 |
| Imports | 0 | 0 | NA | 0 |
| Supply, Total | 377 | 477 | NA | 404 |
| Feed and Residual | 140 | 100 | NA | 70 |
| Food, Seed & Industrial | 98 | 115 | NA | 95 |
| Total Domestic | 239 | 215 | NA | 165 |
| Exports | 98 | 225 | NA | 205 |
| Use, Total | 336 | 440 | NA | 370 |
| Ending Stocks | 40 | 37 | NA | 34 |
| Avg. Farm Price ($/bu) | 4.07 | 3.55 | NA | 4.10 |
| Stocks-to-use | 11.9% | 8.4% | - | 9.2% |
Source: USDA Office of the Chief Economist - WASDE. Updated monthly. ▲▼ marks the change vs the prior report.
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