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
Higher production costs remain a challenge, but growers say recent H-2A changes provide some labor relief.
Wyatt Bolding’s perseverance has earned him a spot as one of three finalists for Louisiana Farm Bureau’s 2026 Achievement Award.
Canada and Mexico have both expressed support for renewing the agreement, but questions remain as the review continues.
Rep. Monica De La Cruz says she’s working to make Mexico’s water obligations part of USMCA negotiations.

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:

Pasture Stress Spreads While Row Crops Hold Steady
SNAP continued to account for the largest share of food assistance spending as participation and overall program costs increased.
A new report says stronger communication can help farmers navigate a more cautious lending environment.
USDA says states with higher SNAP payment error rates could face new financial responsibility under recently approved reforms.
Heavier cattle and hog weights helped offset lower slaughter, but overall beef and pork production remained below year-ago levels.
Productivity gains helped offset a smaller breeding herd, keeping overall U.S. pork supplies relatively steady