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
Export growth remains key for grain profitability.
RealAg Radio host Shaun Haney explains how conflict in the Middle East is affecting spring planting as farmers navigate the evolving situation.
NCGA Chief Economist Krista Swanson discusses the evolving role of ethanol in the current energy crisis, opportunities for expanding corn discusses the evolving role of ethanol in the current marketdemand, and the industry’s outlook moving forward.
The Midwest event will feature hundreds of horses and offer nationwide bidding access to participants

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:

Record yields are cushioning production declines, but softer prices underscore the importance of cost control and market timing for vegetable growers.
Cuba remains a small but dependable, cash-only outlet for U.S. grain and food products.
Expanding cheese exports are strengthening U.S. milk demand and reinforcing global competitiveness.
Strong global demand and falling stocks suggest continued price volatility for U.S. coffee buyers despite record world production.
U.S. dairy producers remain the primary growth engine globally, while tightening supplies in Europe and New Zealand could support export demand for American dairy products.
Fewer acres and stronger prices suggest disciplined hop production is supporting market balance despite lower output.