Strong Corn Exports Offset Softer Global Grain Output

Record pace corn exports are helping stabilize prices despite softer global grain production and ongoing supply competition.

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NASHVILLE, Tenn. (RFD-TV) — Global coarse grain production for the 2025–26 marketing year is projected slightly lower, but strong U.S. corn exports are providing a key source of support for domestic markets. USDA estimates global coarse grain output at 1.576 billion metric tons, trimmed on weaker corn production in Ukraine, Nigeria, and Canada, partially offset by higher global barley production.

For U.S. corn producers, the most significant adjustment is on the demand side. USDA raised its 2025–26 corn export forecast by 125 million bushels to 3.2 billion, citing robust foreign demand and a historically fast shipping pace early in the marketing year. First-quarter corn exports are now expected to approach 800 million bushels — nearly double the typical seasonal average and the strongest Q1 pace on record.

Reduced Black Sea supplies, logistical challenges, and slower-than-expected shipments from Argentina have constrained export competitiveness. Together, those factors have shifted global buyers toward U.S. corn.

Domestic corn supply projections remain unchanged ahead of final harvest updates, and the season-average farm price is held at $4.00 per bushel.

Farm-Level Takeaway: Record pace corn exports are helping stabilize prices despite softer global grain production and ongoing supply competition.
Tony St. James, RFD-TV Markets Specialist
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Overall, the report suggests a shift toward more comfortable supply levels, with demand emerging as a key factor to watch in the months ahead.

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.

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