WASHINGTON, D.C. (RFD NEWS) — U.S. grain inventories climbed broadly as of December 1, reflecting larger supplies of corn, soybeans, wheat, and sorghum heading into winter, according to the latest Grain Stocks report from the U.S. Department of Agriculture (USDA) National Agricultural Statistics Service (NASS). Corn and sorghum posted the largest year-over-year increases, reinforcing a supply-heavy tone for feed grains despite solid fall usage.
Corn stocks totaled 13.3 billion bushels, up 10 percent from a year earlier. On-farm inventories jumped 14 percent, while off-farm stocks rose 4 percent. At the same time, disappearance from September through November reached 5.29 billion bushels, well above last year, signaling strong feed, ethanol, and export demand even as supplies rebuilt.
Soybean stocks increased 6 percent to 3.29 billion bushels. Off-farm inventories rose sharply, up 10 percent, while on-farm stocks were only slightly higher. Fall disappearance fell 20 percent from last year, reflecting slower export movement and ample global supplies.
All wheat stocks totaled 1.68 billion bushels, up 7 percent year over year. Off-farm wheat inventories climbed 11 percent, while on-farm stocks declined modestly. Wheat disappearance during the fall quarter ran 9 percent above last year, suggesting steady domestic and export usage.
Sorghum stocks surged 26 percent to 268 million bushels, with both on- and off-farm holdings rising equally. Disappearance also increased sharply, up 27 percent, highlighting active feed and export demand alongside expanding supplies.
Overall, the NASS report highlights higher grain supplies entering 2026, with corn and sorghum balances drawing particular market attention.
Farm-Level Takeaway: Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Tony St. James, RFD NEWS Markets Specialist
“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
October 30, 2025 02:20 PM
·
U.S. Senator Roger Marshall (R-KS) shares his perspective on the U.S.-China trade developments and their potential impact on American producers, farmers, and ranchers.
October 30, 2025 12:56 PM
·
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
October 30, 2025 12:04 PM
·
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.
October 30, 2025 10:37 AM
·
Global agriculture is stabilizing after years of price swings, with flat to modestly rising returns expected as productivity offsets slower demand growth.
October 29, 2025 03:35 PM
·
Prepare for softer milk checks into winter, watch cull-cow values and timing, and stress-test cash flow as product prices recalibrate.
October 29, 2025 03:11 PM
·
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
October 29, 2025 03:04 PM
·
Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
October 29, 2025 12:58 PM
·
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
October 29, 2025 10:15 AM
·
