See the latest Wheat Outlook report.
U.S. Wheat Planted Area the Lowest Since 1919
On March 31, the National Agricultural Statistics Service (NASS) issued its first survey-based U.S. all-wheat planted area forecast for the 2026/27 marketing year. All-wheat area planted is forecast 3 percent lower than the previous year, with reductions expected across all 5 classes of wheat. U.S. wheat acreage is forecast at its lowest since records began in 1919. Over time, a large number of acres previously planted to wheat have switched to corn and soybeans based on relative profitability and yield gains. Additionally, some wheat acreage may not be planted to field crops at all anymore as principal crop acreage has generally declined in recent decades. Large domestic and global supplies of wheat in the current marketing year have contributed to lower prices and a reduced incentive to plant wheat for the upcoming harvest. U.S. wheat ending stocks in 2025/26 are forecast at a 6-year high, while the season-average farm price is forecast at a 6-year low.