WASHINGTON, D.C. (RFD NEWS) — Global feed grain supplies are increasing in 2025/26, driven mainly by larger corn production overseas, while strong export demand continues to support the U.S. outlook.
USDA’s March Feed Outlook shows foreign coarse grain production rising slightly this month, led by bigger corn crops in Ukraine and Brazil. Those gains more than offset reductions in Argentina, while Australia’s barley crop also moved higher. Global ending stocks increased as production gains outpaced only modest growth in domestic use.
For U.S. producers, the domestic corn balance sheet was unchanged, but export demand remains a major support. Corn export commitments are running at a record pace for this point in the marketing year, and export inspections remain well ahead of last year. Ethanol demand is also helping hold corn use steady, even as domestic fuel consumption stays mostly flat.
In sorghum, ethanol use continues to strengthen, supporting food, seed, and industrial demand, while barley and oats saw lower import expectations tighten supplies modestly.
Looking ahead, global competition from Brazil, Ukraine, Australia, and India will remain a key factor in feed grain pricing and export opportunities.
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