WASHINGTON, D.C. (RFD NEWS) — The U.S. Department of Agriculture’s January World Agricultural Supply and Demand Estimate (WASDE) report (Web, PDF Version) projects significantly larger supplies for several key crops in the 2025-26 marketing year, driven by strong production estimates and slower demand growth.
The USDA raised its forecast for U.S. corn production to 17.0 billion bushels, a record total supported by higher yields and increased harvested acreage. With total use rising less than supply, ending stocks climbed to 2.227 billion bushels, above most market expectations.
Soybean output was also adjusted upward slightly, lifting U.S. ending stocks to about 350 million bushels as exports were trimmed.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
For wheat, modest increases in supply and reduced domestic use pushed ending stocks higher as well.
The report’s outlook for rice showed lower U.S. supplies and reduced ending stocks, while global estimates pointed to larger total world inventories of several grains and oilseeds.
Rail strength is helping stabilize grain movement, but river and export slowdowns continue to limit overall logistics momentum.
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Tennessee Rep. John Rose joined us to pay tribute to his friend and colleague, Rep. Doug LaMalfa, a true Champion of Rural America.
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Higher ethanol blend rates translate directly into stronger, more durable corn demand if regulatory momentum holds.
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Long-term demand uncertainty is reshaping specialty crop strategies as producers adapt to fewer, older consumers.
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Seasonal boxed beef softness does not change the tight-supply outlook — leverage remains closer to the farm gate heading into 2026.
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Trade uncertainty—especially regarding soybeans—continues to weigh on future outlooks, even as farm finances and land values remain resilient.
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Strong export demand supports feed grain prices, but drought risk and seasonal patterns favor disciplined early-year marketing.
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