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
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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