WASDE Balance Sheets - Corn and Soybeans Stocks-to-Use

Center for Agricultural Profitability · Aug 18, 2026

This is part of the Marketing Tips for TAPS series for August 18, 2026, presented by the Center for Agricultural Profitability and the UNL TAPS program. Jeff Peterson, assistant professor of practice in ag economics at the University of Nebraska-Lincoln, breaks down the corn and soybean balance sheets from the August 12 WASDE report. He walks through how USDA builds the numbers, from planted and harvested acres through production, imports, and total supply, then over to the demand side (ethanol, feed, exports) to arrive at ending stocks. The corn stocks-to-use ratio came in at 10.1%, the…