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
When the stakes are high, proactive preparation and a firm command of the process are your most powerful tools for effective advocacy.
Rotational grazing can improve pasture use and soil health while helping control feed and drought-related risk.
March cold storage data showed generally tighter year-over-year stock levels across several key meat and dairy categories.
U.S. Soybean Export Council CEO Jim Sutter joins us to discuss the impact of new trade development funding for U.S. soy.

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:

Tight supplies continue supporting strong cull values.
China’s stricter inspection rules prompt Cargill to pause soybean exports from Brazil, briefly lifting U.S. soybean prices as traders anticipate potential shifts in global trade, as export demand remains supportive across all major U.S. commodities.
Suderman joins Tony St. James in the RFD Studios to discuss how geopolitical tensions are triggering global transport disruptions, new inflation pressures, and other challenges for agriculture to navigate.
Farm CPA Paul Nieffer explains the Farmer Bridge Assistance payment limits, provides clarity on new legislation, and offers advice for producers considering business structure adjustments.
Dr. David Anderson with Texas A&M University AgriLife Extension discusses how geopolitical tensions and the Middle East, along with export disruptions in the Chinese market, will shape cattle markets in the months ahead.
Refining shifts could influence fuel and input costs.