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.
Corn and wheat inspections outpaced last year, but soybean movement remains seasonally active yet behind, keeping basis and freight dynamics in focus by corridor.
October 21, 2025 04:00 PM
·
The new AFBF Women in Agriculture survey is accepting responses from women in the industry across the United States now through March 31.
October 21, 2025 01:56 PM
·
Lawmakers are pressing for answers on how Washington’s “managed trade” approach — keeping leverage through long-term tariffs — will affect farmers, global markets, and future export opportunities.
October 21, 2025 12:17 PM
·
In the meantime, Senate Majority Leader John Thune is asking that farmers be allowed to use marketing assistance loans to help stay afloat.
October 21, 2025 11:57 AM
·
The USDA’s latest Hogs and Pigs Report caught some analysts off guard. Inventories came in lower than expected, signaling tighter supplies ahead, even as producers return to profitability this year.
October 20, 2025 04:06 PM
·
Ryan Dunsbergen, soybean product manager for Golden Harvest, shares an overview of their new soybean seed lineup and what growers can expect in 2026.
October 20, 2025 02:48 PM
·
Bioethanol is becoming a global standard. For growers, that boom comes as drops in Mississippi River levels and in soybean demand occur in tandem, leaving barge space for corn and wheat.
October 20, 2025 01:32 PM
·
The government shutdown has touched nearly every sector of the ag industry since it began, and now impacts are spilling over into dairy.
October 20, 2025 12:46 PM
·
With China halting U.S. soybean purchases and talks tied to broader strategic issues, growers face renewed export uncertainty.
October 20, 2025 11:52 AM
·
