October 2026 WASDE: Corn Falls to $4.70, Wheat to $6.30, Soybeans Hold at $12.00
Introduction
On October 9, 2026, at 12:00 PM ET, USDA's World Agricultural Outlook Board released the October WASDE report (No. 676). The headline figures for 2026/27 U.S. season-average farm prices: corn $4.70 per bushel (down $0.10 from September), soybeans $12.00 (unchanged), and wheat $6.30 (down $0.10 from $6.40). Here is exactly what changed month to month, why it moved, and what the numbers mean for your farm planning — drawn only from the official report.
September vs October: the price table
All figures are 2026/27 U.S. season-average farm prices in dollars per bushel (source: USDA WASDE-676, October 2026):
| Crop | September 2026 | October 2026 | Change |
|---|---|---|---|
| Corn | $4.80 | $4.70 | −$0.10 |
| Soybeans | $12.00 | $12.00 | — |
| Wheat | $6.40 | $6.30 | −$0.10 |
September's published projections match these September figures exactly, so the month-to-month changes above are the full story — no baseline revisions to note.
Corn at $4.70: a bigger crop did the talking
USDA raised 2026/27 U.S. corn production to 16,034 million bushels on a yield of 181.2 bushels per harvested acre, up from 15,800 million in September. Ending stocks climbed to 1,849 million bushels, up from 1,567 million — a comfortable cushion that took a dime off the season-average farm price. Exports ticked up to 3,300 million bushels, but not enough to absorb the extra supply.
Soybeans at $12.00: holding the line
Soybeans were the steady one. USDA nudged production up to 4,562 million bushels (yield 53.1 bushels per acre) and ending stocks to 315 million bushels, but exports also rose to 1,695 million bushels — enough to leave the balance sheet, and the $12.00 season-average farm price, exactly where September put it.
Wheat at $6.30: supply pressure continues
Wheat's season-average farm price slipped a dime to $6.30 per bushel. U.S. production is estimated at 1,534 million bushels, and with global wheat supplies comfortable, the price outlook stays soft — plan marketing around the lower benchmark.
What this means for your planning
Use $4.70 / $12.00 / $6.30 as your 2026/27 planning benchmarks. These are marketing-year weighted season-average projections, not today's cash bid — they represent what USDA expects the whole season to average, which makes them the right anchor for enterprise budgets and break-even analysis. Run your own numbers through our break-even price calculator: if your cost of production sits above $4.70 for corn or $6.30 for wheat, the margin for error is thin — lock in input costs, sharpen your marketing plan, or both. This is information only, not marketing or investment advice.
Conclusion
The October WASDE's message is straightforward: bigger corn supplies trimmed a dime off corn and wheat, while soybeans held firm at $12.00. The next report lands November 10 — until then, these are the official benchmarks to plan against.
References
- USDA, World Agricultural Supply and Demand Estimates (WASDE-676), October 2026: https://www.usda.gov/oce/commodity/wasde/wasde1026.txt
- USDA WASDE report page: https://www.usda.gov/about-usda/general-information/staff-offices/office-chief-economist/commodity-markets/wasde-report
Frequently Asked Questions
What is the October 2026 WASDE corn price?
USDA's October 2026 WASDE puts the 2026/27 U.S. season-average farm price for corn at $4.70 per bushel, down $0.10 from the September projection of $4.80.
Did the soybean price change in the October WASDE?
No. The 2026/27 U.S. season-average farm price for soybeans held steady at $12.00 per bushel — exactly the same as September.
What is the October 2026 WASDE wheat price?
The 2026/27 U.S. season-average farm price for wheat is $6.30 per bushel, down $0.10 from September's $6.40.
Why did USDA cut the corn price?
Bigger supply. USDA raised 2026/27 U.S. corn production to 16,034 million bushels on a 181.2-bushel-per-acre yield, pushing ending stocks to 1,849 million bushels — up from 1,567 million in September. More supply means a lower season-average price.
Are these the prices I should sell at?
Not exactly. Season-average farm prices are marketing-year weighted projections for the whole season, not today's local cash price. Use them as planning benchmarks and check your local elevator's cash bid before making marketing decisions.
