# September 2025 WASDE updates - McKeany-Flavell

> McKeany-Flavell's review of the September WASDE found limited domestic wheat changes, with 2025/26 exports raised 25 million bushels to 900 million and U.S. carryout falling to 844 million bushels. World 2025/26 wheat ending stocks were raised 4.0 MMT on higher production from several origins.

- Date: 2025-09-12 · published 2025-09-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22800-september-2025-wasde-updates-mckeany-flavell
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher world wheat carryout is bearish for global wheat prices, which lowers the cost of wheat used in feed rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2025-09-14 | 1 | +5.5% | 4.9 | This review confirms the export increase and lower US carryout from the WASDE, though it also notes higher world stocks, which partly offset the bullish read. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-02-11 | [February 2026 WASDE Update](https://feedsoft.ai/events/20545-february-2026-wasde-update.md) | +1.1% | +5.4% |
| WHEAT | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | +3.6% | +0.8% |
| WHEAT | 2025-12-12 | [December 2025 WASDE Recap](https://feedsoft.ai/events/21438-december-2025-wasde-recap.md) | -0.4% | +0.4% |
| WHEAT | 2022-09-12 | [USDA WASDE report for September \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/39553-usda-wasde-report-for-september-the-mighty-790-kfgo-kfgo.md) | -0.5% | +4.9% |
| WHEAT | 2026-09-11 | [September WASDE 2026: Corn, Wheat & Soybean Outlook \| Prospex*Agro](https://feedsoft.ai/events/17405-september-wasde-2026-corn-wheat-and-soybean-outlook-prospex-agro.md) | -1.3% | -4.1% |
| KWHEAT | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | +7.8% | +13.8% |
| KWHEAT | 2019-09-30 | [Wheat Market Outlook – September 30th, 2019 \| Sask Wheat](https://feedsoft.ai/events/57115-wheat-market-outlook-september-30th-2019-sask-wheat.md) | -0.9% | +3.7% |
| KWHEAT | 2026-01-12 | [January 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/7096-january-2026-wasde-report-summary-and-notes-cih.md) | -0.6% | -0.3% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/september-2025-wasde-updates-09-12-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.