Corn Supply Falls While Feed Grain Prices Rise

Feed grain supplies may tighten in 2026/27, supporting higher corn and sorghum prices despite large crops.

corn grain silo stock photo_input costs and producer inflation_adobe stock.png

Adobe Stock

WASHINGTON, D.C. (RFD NEWS) — U.S. feed grain supplies are expected to tighten in 2026/27, even with corn production still projected as the second largest crop on record. USDA’s Economic Research Service says corn production is forecast at 16.0 billion bushels, down 6 percent from last year.

Planted corn acreage is expected at 95.3 million acres, down 3.5 million from 2025/26. USDA projects harvested acres at 87.4 million, with yield falling from last year’s record 186.5 bushels per acre to 183.0.

Corn use is also expected to decline. Exports are forecast at 3.15 billion bushels, still the second-largest on record, while ethanol use is projected to remain unchanged at 5.6 billion bushels.

Sorghum production is projected to be lower, at 367 million bushels, with exports falling to 205 million bushels. China remains central to sorghum demand after accounting for most U.S. export movement in recent years.

USDA projects corn ending stocks at 1.96 billion bushels and the season-average price at $4.40 per bushel.

Farm-Level Takeaway: Feed grain supplies may tighten in 2026/27, supporting higher corn and sorghum prices despite large crops.
Tony St. James, RFD News Markets Specialist
Related Stories
Strong export demand is expected to keep grain moving by rail despite a smaller corn crop.
The Brooksher family says it is the best corn crop they have ever seen. But even a bumper harvest comes with challenges, as higher fuel and input costs squeeze profit margins.
More grain can now move by rail to markets across the U.S. and Mexico.
China has purchased about 12.5 million metric tons of U.S. soybeans as Trump and Xi prepare to meet, bringing it close to half of its annual commitment.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Only 6% of surveyed farmers cited AI as a trusted decision source, compared with 56% for technical agronomists.
The Agricultural Act of 2026 heads toward Senate floor consideration after advancing from committee.
Cattle placements fell 9% in August, while New Mexico joined USDA’s meat inspection program, potentially expanding processing options for livestock producers.
Nearly 30 million additional acres will enter the safety net beginning with the 2026 crop year.
Harvest Advances As Drought Pressures Livestock And Logistics
Stronger finished-lumber prices have yet to translate into broad gains for timber owners.