The USDA’s World Agricultural Supply and Demand Estimates (WASDE) and Crop Production reports released on Tuesday say the 2025-2026 U.S. corn outlook shows sharply higher supplies, greater domestic use and exports, plus larger ending stocks.
Corn production is forecast at 16.7 billion bushels, with the yield at 188.8 bushels per acre. With supplies rising more than usage, ending stocks are up by 457 million bushels to 2.1 billion. The season-average corn price received by producers dropped 30 cents to $3.90 a bushel.
The outlook for U.S. soybeans includes lower beginning stocks, production, and ending stocks. Soybean production is forecast at 4.3 billion bushels, with yield predicted to be 53.6 bushels per acre. Ending stocks are forecast at 290 million bushels, 20 million below last month. The season-average price is unchanged at $10.10 a bushel.
The 2025-2026 wheat outlook is for slightly tighter supplies, reduced domestic use, higher exports, and smaller ending stocks. The season-average price dropped ten cents to $5.30.
CLICK BELOW to hear market analysis following USDA’s August WASDE and Crop Production reports from Arlan Suderman, Chief Commodities Economist with StoneX:
Sources: USDA, NAFB News Service
