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May WASDE Preview
Tomorrow’s May 12 WASDE is one of the biggest reports of the year, marking USDA’s first full Supply & Demand (S&D) estimates for the 2026/27 marketing year.
While old-crop (2025/26) revisions are expected, the spotlight will be on new-crop production targets and USDA’s initial assumptions for the 2026/27 balance sheet.
Did you know?
Each May WASDE marks USDA’s first new-crop Supply & Demand balance sheet for the upcoming marketing year. From there, USDA will issue 17 more monthly WASDEs before the final balance sheets are published the following October.
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